Agreements and Expansions are key Development Strategies Adopted by Leading players in the Wind Turbine Composite Market

The use of composites to develop structural parts of wind turbines is growing due to the increase in demand for high strength, lightweight, corrosion resistive, and durable materials. The wind turbine composite market is projected to reach USD 12.17 Billion by 2021, at a CAGR of 9.28% from 2016 to 2021.

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Key companies operating in the wind turbine composite market have adopted various organic and inorganic strategies to strengthen their positions in the market. Between 2011 and 2016, agreements and expansions were the key strategies adopted by industry players in the wind turbine composite market. These strategies accounted for shares of 92.1% and 4.8%, respectively, of all strategies adopted between 2011 and 2016. Market players have concentrated on consolidation through agreements and expansions with the intention of increasing their market shares and enhancing their sustainability.



The major manufacturers of wind turbines profiled in this report are TPI Composites, Inc. (U.S.), MFG Wind (U.S.), LM Wind Power (Denmark), Gamesa Corporation Technology (Spain), Vestas Wind Systems A/S (Denmark), and Suzlon Energy Limited (India), among others. These companies have adopted various organic and inorganic growth strategies such as new product developments, agreements, acquisitions, and expansions to expand their global presence and increase their market shares.

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LM Wind Power (Denmark), Gamesa Corporation Technology (Spain), and Vestas Wind Systems A/S (Denmark) are major companies that have accounted for the maximum number of growth strategies between 2011 and 2016 in the wind turbine composite market. Vestas Wind Systems A/S (Denmark) is the world’s largest manufacturer of wind turbine composite materials. The company adopted dynamic growth strategies such as agreements, acquisitions, and expansions to enhance its customer base. For instance, in December 2016, Vestas Wind Systems A/S (Denmark) signed around 50 supply agreements with companies such as MidAmerican Energy Company (U.S.), a subsidiary of Berkshire Hathaway Energy (U.S.), EDF Energies Nouvelles (France), Datang Renewables (China), Ausines (Spain), Fortum (Finland), Energix Renewable Energies (Israel), and CGN Wind Energy (China), among others to manufacture and supply Vestas wind turbines, each with an energy capacity of 2.0 MW. This has helped Vestas to cater to the increasing demand for composites from the wind energy industry.

TPI Composites, Inc. (U.S.) is one of the leading providers of composite structural parts for wind turbines. The company is an independent manufacturer of composite wind turbine blades based in the U.S. TPI Composites is focused on expansions and signing agreements with different companies to expand its distribution network. For instance, in November 2016, the company entered into a long-term supply agreement with Nordex SE (Germany) to deliver cost competitive and high quality wind turbine blades to Nordex. This development strategy has helped the company increase its market share in the European wind turbine composite market.




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New Product Launches Strategy is One of the Major Strategies Adopted by Key Players in the Label Adhesive Market

The label adhesive market is projected to reach USD 12.97 Billion by 2022, at a CAGR of 4.91% between 2017 and 2022. Labels are made of paper, polymer, cloth, metal, or other materials which are affixed to containers or products. Adhesive in labels may be used interchangeably with glue, or paste, to any backing material applied to one surface, or both surfaces, of two separate items that binds them together and resists their separation. The label adhesive is made up of three layers; a face material, a pressure sensitive adhesive, and a backing sheet coated in a release agent. The layers are laminated together and then die cut to produce the individual labels. The final product can either be in sheet, roll, or fan-fold form. Label adhesives are used in the packaging industry in beverage bottles, pharmaceutical bottles, cosmetics bottles, metal containers, and packages, among others.

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The demand for label adhesive has increased in recent years due to its increased consumption in the Asia-Pacific region, which can be attributed to the growing population in the region leading to the rise in the number of manufacturers and converters. This, in turn, has contributed to the growth of the market for label adhesive in the region.

The new product launches strategy is one of the major strategies adopted by key players in the label adhesive market. This strategy has helped companies operating in the label adhesive market to enhance their product portfolios and expand their global presence. These key companies are also focused on entering new markets by launching technologically advanced and innovative label adhesives for varied end users in the packaging industry. Some of the leading manufacturers of label adhesive include Avery Dennison (U.S.), Henkel AG & Co. KGaA  (Germany), 3 M (U.S.), Bostik SA  (France), H.B. Fuller  (U.S.), The Dow Chemical Company   (U.S.), Herma (Germany), UPM Raflatac (U.S.), Ashland Global Holdings Inc. (U.S.), Lintec Corporation (Japan), and ITL Apparel Label Solution (U.K.), among others. These companies have adopted various organic and inorganic growth strategies to enhance their businesses and increase their shares in the label adhesive market.

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Companies have also adopted the investments & expansions, joint ventures, partnerships, agreements, and mergers & acquisitions strategies to strengthen their positions in the label adhesive market. These strategies together accounted for a share of 49.57% of all the strategic developments that took place in the label adhesive market between 2015 and 2017.



Another key player that has established a strong foothold in the label adhesive market is Henkel AG & Co. KGaA (U.S.). The company concentrates on expanding its customer base through investments & expansions, joint ventures, partnerships, and agreements. For instance, in September 2015, Henkel has launched Loctite Liofol LA 2760/LA 5891-21 and Loctite Liofol LA 2760/LA 7371 for high performance retort processing and demanding flexible packaging applications. This strategy has strengthened the labels and adhesives segment product portfolio of the company. Similarly in June 2015, Henkel Adhesive Technologies announced an investment of USD 32.29 million to establish India's largest adhesives plant in Kurkumbh, near Pune. In the first phase, the manufacturing facility will be operational with an annual capacity of 80,000 metric tons of adhesives and surface treatments. The investment will further support Henkel's global strategy to increase sales and business growth in emerging markets.


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Alcoa Inc. (U.S.) and Norsk Hydro ASA (Norway) are the leading player in the Aluminum-extruded Products Market

MarketsandMarkets projects the global market for aluminum-extruded products to grow from USD 34.48 Billion in 2016 to USD 47.61 Billion by 2021, at a CAGR of 6.67%. The growth of the aluminum-extruded products market is supported by the growth in key industries such as construction, automotive, mass transport, and electrical & electronics in both, developed and developing countries as well as the increase in need for sustainable and efficient ways of aluminum extrusion for the safety of the surrounding environment.

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The key players in the aluminum-extruded products market are United Company Rusal (Russia), Alcoa Inc. (U.S.), Aluminum Corporation of China Limited (China), Rio Tinto Plc (U.K.), BHP Billiton Ltd. (Australia), Norsk Hydro ASA (Norway), Centaury Aluminum Corporation (U.S.), China Hongquiao Group Limited (China), Aluminum Bahrain B.S.C (Bahrain), and Hindalco Industries Limited (India). These players have emphasized on and adopted various strategies to expand their global presence and increase their market share. Expansion & investments, joint ventures, agreements, & contracts, mergers & acquisitions and new product launches are some of the major strategies adopted by the market players to achieve growth in the aluminum-extruded products market.

The year 2014 experienced a large number of strategies adopted by top players in the market. The growth of the aluminum-extruded products market was largely influenced by expansions & investments in the past few years. They were adopted by most of the players in the aluminum-extruded products market. Companies adopted these strategies to increase the reach of their offerings, improve their production capacity, and focus on core operations. To maintain a competitive advantage, top players emphasized on new product launches. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the rapidly growing regions. As a result of the same, Alcoa Inc. (U.S.) and Nork Hydro ASA (Norway) emphasized on these key strategies to expand business operations.

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Alcoa Inc. is a leading manufacturer and supplier of bauxite, alumina, and aluminum products. The company functions through three business segments, namely, Engineered Products and Solutions (EPS), Global Rolled Products (GRP), and primary metals. It serves industries such as aerospace, automotive, building & construction, commercial transportation, consumer electronics, defense, industrial products & services, medical, oil & gas, and packaging. It is engaged in mining bauxite and refining alumina. The company also has a reputation for its expertise in manufacturing and supplying aluminum-extruded products worldwide. It manufactures a variety of aluminum-extrusion products such as heat exchangers, engine oil coolers, evaporators, and condensers. The company emphasized on adopting expansion as their key strategy for the growth of their business operations. As a result of the same, the company expanded business operations in the Latin America and Europe. The company acquired Firth Rixson (U.K.) & TITAL GmbH (Germany) to expand its business operations. Adding to this, the company also expanded its business operations in the emerging Brazilian market.

Norsk Hydro ASA is mainly engaged in the production of primary aluminum, rolled products, energy generation, and recycling activities. The company is one of the major producers of hydroelectric power. It is also one of the leading suppliers of value-added casthouse products. It has a presence in more than 40 countries around the globe, especially in the European region. The company has expertise in manufacturing and distributing aluminum-extruded products to a variety of industries such as vehicle & transportation, construction, electronics, electronic goods, and solar energy. The company is one of the leading suppliers of aluminum products such as aluminum sheets, extruded aluminum parts, and coils in the European automotive market. Its product portfolio contains aluminum-extruded products such as braking system, shock-absorbers, chassis, and other aluminum spare parts. The company invested high capital to expand their product offerings and to meet the growing demand of aluminum-extruded products. Norsk Hydro invested USD 286.27 million in Neuss and Grevenbroich in Germany to expand its business operations in the European market. The company also signed a long-term agreement with Agder Energi AS (Norway) to expand their business footprint in the Norway’s domestic market.


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Key Players Operational in the Oxygen-Free Copper Market are Focusing on New Product Launches, Agreements, Expansions, Acquisitions, and Joint Ventures to Cater the Increasing Demand From Various Industries

The global oxygen-free copper market is anticipated to grow from USD 14.82 Billion in 2016 to USD 18.35 Billion by 2021, at a CAGR of 4.4% from 2016 to 2021. This growth can be attributed to the increasing demand for oxygen-free copper from applications such as electronics & electrical and transportation. Citizen Metalloys Limited (India), KGHM Polska MiedŸ S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (U.S.), Freeport-McMoRan Inc. (U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia) are some of the leading players operating in this market.

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The key players operational in the oxygen-free copper market are focusing on new product launches, agreements, expansions, acquisitions, and joint ventures to cater the increasing demand from various industries. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the oxygen-free copper market.

Key Target Audience

• Manufacturers of Oxygen-Free Copper
• Traders, Distributors, and Suppliers of Oxygen-Free Copper
• End-use Industries
• Government and Research Organizations
• Associations and Industrial Bodies
• Research and Consulting Firms
• Environment Support Agencies
• National & Local Government Organizations/Agencies
• R&D Institutions
• Investment Banks and Private Equity Firms

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Mitsubishi Materials Corporation is one of the leading manufacturers of oxygen-free copper, globally. The company is focused on maintaining its position in the oxygen-free copper market by adopting strategies such as new product launches, expansions, and agreements. For instance, in September 2016, the company signed a share purchase agreement (SPA) to acquire the special products division of Luvata (U.K.), a manufacturer of processed copper products. This strategy will enable the company to grow and develop its copper processing business. In addition, it will strengthen the company’s global footprint, customer base, and portfolio for processed copper products.

MKM Mansfelder Kupfer und Messing GmbH is another key player in the oxygen-free copper market and has its presence in several regions across the globe. The company is focusing on new product launches to strengthen its market position. In November 2015, MKM Mansfelder Kupfer initiated the production of Conti-M, an oxygen-free copper strip (Cu-OFE). The company is the only producer of hot-rolled oxygen-free copper strip using continuous cast process. This copper finds applications in electronics & electrical engineering and vacuum systems engineering. This strategy helped the company expand its product portfolio and meet the consumer demand for hot-rolled copper strips. In August 2015, MKM Mansfelder Kupfer invested USD 1.3 million in a new production line for cast wire. This strategy helped the company increase its production capacity for specialty products and oxygen-free copper cast wire to 6,000 tons.


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GE Healthcare (U.S.) and Tosoh Corporation (Japan) are the Major Players Operating in the Chromatography Resin Market

The chromatography resin market is projected to grow from USD 1.72 Billion in 2016 to USD 2.46 Billion by 2021, at a CAGR of 7.41% from 2016 to 2021. The demand for chromatography resins is increasing due to their increasing usage in therapeutic applications.

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Some of the major players operating in this market include GE Healthcare (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Tosoh Corporation (Japan), Purolite Corporation (U.S.), Repligen Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), and Avantor Performance Materials Inc. (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares.

The growth of the chromatography resin market was largely influenced by new product launches and expansions during the past five years. New product launches and expansions, contracts & agreements, and acquisitions are some of the strategies adopted by these players to achieve growth in the market. Companies such as GE Healthcare (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Tosoh Corporation (Japan) adopted strategies such as new product launches and expansions to strengthen their market position and widen their product portfolio.

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GE Healthcare, the leading chromatography resin company, adopted various strategies such as contracts & new product launches, and investments to widen its product portfolio. For instance, in June 2016, GE Healthcare launched Capto Q XP, a strong anion exchange chromatography resin. The company also invested USD 100 million in 2015 in a manufacturing facility in Uppsala, Sweden. This strategy will enable the company to increase its chromatography resin manufacturing capacity.
Tosoh Corporation has undertaken several new product launches to provide chromatography resins for different chromatography techniques to its customers. For instance, Tosoh Corporation launched TOYOPEARL Sulfate-650F in 2016, a strong cation exchange resin that exhibits high salt tolerance. This resin is available for sale in the Americas from Tosoh Bioscience LLC. Tosoh Corporation is focused on expanding and improving its chromatography business segment through the development of innovative products and technologies. The company has a significant presence in Asia-Pacific and is now focused on increasing its market share in Europe and North America.




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Aramid Fiber Comprises a Major Share in The Ballistic Composites Market in Terms of Value and Volume

The ballistic composites market was valued at USD 1.20 billion in 2015 is projected to reach USD 1.80 billion by 2021 at a CAGR of 7.12% from 2016 to 2021.  In this study, 2015 has been considered as the base year, while the forecast period is from 2016 to 2021.

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Some of the key global players in the ballistic composites market are Honeywell International Inc. (U.S.), Royal Ten Cate NV (Netherlands), BAE Systems (U.K.), DSM (Netherlands), Gurit (Switzerland), DuPont (U.S.), Teijin (Japan), Morgan Advanced Materials (U.K.), CoorsTek Inc.(U.S.), Southern States LLC (U.S.), Barrday Corporation (Canada), Solvay (Belgium), and 3M (U.S.), among others. These players have strong business strategies and product offerings for the ballistic composites market.

Market Dynamics

Drivers

• Rising demand in personal protection
• Increasing threat from growing internal and external conflicts
• Need for lightweight, comfortable, and high strength materials

Opportunities

• Increasing R&D and mass production of ballistic fibers
• Evolution and adoption of new technologies and products

Challenges

• Developing durable ballistic composite according to different threats

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Growing demand for protection materials due to increasing threat from external and internal disturbances is supporting the growth of ballistic composites across the world

The vehicle armor is the largest application for ballistic composites market. Ballistic composites are significantly utilized for the manufacturing of vehicle armors as these composites provide high level of protection against ballistic threats. Moreover, the use of ballistic composites in the manufacturing of vehicle armor provides them with lightweight and corrosion resistance properties, which helps in easy maneuverability and ease of maintenance of vehicle armors.

Major Market Developments

• In September 2015, BAE Systems (U.K.), signed a supply agreement with the U.S. army and provided the army with its lightweight and high performance ballistic products for safeguarding soldiers.
• In September 2016, Morgan Advanced Materials (U.K.), signed a reseller agreement with Level Peaks Associates (U.K.). As a part of the agreement, the products made by Morgan Advanced Materials (U.K.) will be sold by Level Peaks Associates (U.K.) to the military and Defence market.
• In June 2016, Morgan Advanced Materials (U.K.), manufactured new ballistic shields for military and law enforcement applications. The product is light in weight and offers protection to unprotected parts of soldiers.

Note1: Micromarkets are the subsegments of the ballistic composites market included in the report
Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market
In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the ballistic composites market. These secondary sources include Factiva, Hoovers, Manta, annual reports, press releases, investor presentations of companies and associations and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has also been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.


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Dywidag-Systems International (Germany) and Sormat OY (Finland) are the Top Players in the Resin Capsules Market

MarketsandMarkets projects the resin capsules market to grow from USD 1,010.0 Million in 2017 to USD 1,256.2 Million by 2022, after growing at a CAGR of 4.46% from 2017. The resin capsules market is fairly competitive due to the presence of large players who have a strong foothold in the market. Fluctuations in the prices of raw materials have made a significant contribution to the overall slowdown in the resin capsule industry.

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The global market for resin capsules is dominated by the presence of large players such as Sika AG (Switzerland), Orica Limited (Australia), Barnes Group Inc. (U.S.), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Arkema SA (France), and Hexion Inc. (U.S.). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market. Mergers & acquisitions formed the most adopted strategy by players during the study period of the competitive landscape.

The resin capsules market witnessed several mergers & acquisitions by key players to expand their product & service portfolios and improve their distribution network through acquisitions. Expansion & divestures formed the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets and through the divestment of the non-profitable or non-core business units to utilize resources in core business areas. The increase in demand for resin capsules, coupled with high development in the infrastructural construction growth in emerging markets, has encouraged companies to adopt this strategy.

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The year 2016 witnessed acquisitions in the resin capsules market by key players in order to expand their geographical footprint and improve the company’s distribution network through organic and inorganic growth strategies.

Dywidag-Systems International (Germany) acquired Jenmar Canada (U.S.), a provider of resin capsules to mining industry clients located all over the world. This acquisition was made with an objective to improve the company’s product portfolio, customer base, and technical expertise. It is focused on providing customized products to its customers, which gives the company a competitive edge.

Sormat OY (Finland), one of the top players in the resin capsule industry, aims to maintain its position in the market through expansions. In the last few years, Sormat OY has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the resin capsules market. The company, in December 2012, announced its acquisition of Liebig (Ireland) to improve its heavy-duty anchor product range.




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Epoxy Bonding Films to Be the Fastest-Growing Type of Segment Between 2017 and 2022

The bonding films market was valued at USD 613.5 Million in 2016 and is projected to reach USD 985.5 Million by 2022, at a CAGR of 8.2% between 2017 and 2022. Mergers & acquisitions, new product launches, and expansions are the key strategies adopted by the major players to strengthen their foothold in the bonding films market. The North American region, followed by the European and Asia Pacific regions witnessed the maximum number of strategic developments undertaken by various players between 2011 and 2016.

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The key players operating in the bonding films market are Henkel AG & Co. KGaA (Germany), 3M (US), Cytec Solvay Group (Belgium), Arkema S.A. (France), Hitachi Chemical Co., Ltd. (Japan), H.B. Fuller (US), Hexcel Corporation (US), Gurit (Switzerland), DuPont (US), Rogers Corporation (US), etc. Henkel AG & Co. KGaA (Germany) is one of the leading manufacturers of bonding films across the globe. The company has been focusing on mergers & acquisitions, new product launches, and expansions to maintain its leading position in the bonding films market. For instance, in October 2015, the company acquired all the shares of The Bergquist Company (US). This helped the company to further strengthen its leadership position in the adhesives, sealants, and functional coatings market, globally. Moreover, in September 2014, the company launched Loctite Benzoxazine composites brand family, which consists of prepregs, infusion resins, and film adhesives for use in the aerospace industry.

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3M (US) and Cytec Solvay Group (Belgium) are other major players in the bonding films market. Another major player in the bonding films market, Arkema S.A. (Germany) acquired Bostik (US), which is the third-largest company in the global adhesives market in 2015. This acquisition helped Arkema broaden its product portfolio in the adhesives business segment. This acquisition also enhanced the position of the company in the specialty chemicals and advanced materials market.



The electrical & electronics end-use industry segment of the bonding films market is projected to grow at the highest CAGR between 2017 and 2022.

The electrical & electronics end-use industry segment accounted for the largest share of the bonding films market in 2016. Bonding films are extensively used in high-end defense & aerospace, automotive, industrial, and consumer electronics applications. The bonding films that are manufactured for use in the electrical & electronics industry are supplied in the form of rolls, sheets, or pre-cut forms. They are also die attached, which enables them to attain desired shape and characteristics. In the transportation end-use industry, bonding films are used in composite-to-composite, metal-to-metal, and composite-to-metal bonding applications.

The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period.

Based on the region, the bonding films market has been segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, and Rest of the World (RoW). In Rest of the World (RoW), the bonding films market has been studied for the Middle East & Africa and South America. The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific bonding films market can be attributed to the presence of the key manufacturers of bonding films in the region. Moreover, the growing demand for bonding films from various end-use industries such as electrical & electronics and transportation of the countries such as China, South Korea, Japan, and Taiwan of the region, also contribute to the growth of the Asia Pacific bonding films market. In addition, the easy availability of raw materials in the Asia Pacific region has also attracted several global companies and investors to set up their production facilities in the region, thereby contributing to the growth of the Asia Pacific bonding films market.




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Silicone is Projected to Be The Fastest-Growing Material Type in The Global Release Liners Market

The global release liners market is projected to reach USD 93.02 Billion by 2022, at a CAGR of 6.4% from 2017 to 2022. Release liners are used across applications such as labels, pressure-sensitive tapes, hygiene, industrial, graphic arts, medical, and others. Growing demand for release liners in packaging and medical industries is expected to drive the global release liners market.

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Expansion of production capacities, new product launches, and acquisitions was the key strategies adopted by major players to enhance their presence and market shares in the global release liners market from 2011 to 2017. This strategy accounted for a major share of all development strategies adopted by leading players during the above mentioned period. Key players operating in the global release liners market include The 3M Company (US), Mondi Group (Austria), Sappi Limited (South Africa), Munksjo Oyj (Sweden), Lintec Corporation (Japan), Polyplex Corporation (India), Eastman (US), Gascogne Laminates (France), UPM (Finland), and Loparex (US).



In May 2017, UPM launched honey glassine 45 and honey glassine 45 PEFC liners to improve their performance in food, retail, and logistics applications. These PEFC liners have a higher density, improved die cutting performance, and smoother running on label lines.  In April 2013, Polyplex Corporation set up a wholly owned distribution company in The Netherlands by the name of Polyplex Europe B.V. The distribution company is fully owned by Polyplex (Thailand) Public Company Limited (PTL). Through this expansion, the company aims to strengthen its market presence in EU.

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In December 2016, MACtac Americas, LLC   a manufacturer and distributor of adhesive papers and films for printing in the US. This acquisition will help Lintec to enter the North American market for paper and films, and release liners. While developing products in the North American market, the company could utilize the brand image and sales and distribution network of MACtac.

In November 2016, Munksjo Oyj acquired Ahlstrom Corporation, one of the leading suppliers of fiber-based products including filters and specialty papers. Through this merger, the company aims to serve a broad range of end-use industries with the diverse product portfolio and service offerings such as food and beverage packaging. The two companies would benefit from each other as they have a strong foothold in different geographies.


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Steel Segment to Be the Largest in the Modular Construction Market, By 2023

The modular construction market was valued at USD 106.15 billion in 2017 and is projected to reach USD 157.19 billion by 2023, at a CAGR of 6.9% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018-2023.

The market for modular construction is led by major players such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), ATCO (Canada), Bouygues Construction (France), VINCI (France), Skanska AB (Sweden), Algeco Scotsman (US), KLEUSBERG GmbH & Co. KG (Germany), KEF Katerra (India), and Lendlease Corporation (Australia).

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Browse 90 market data Tables and 36 Figures spread through 151 Pages and in-depth TOC on "Modular Construction Market by Type (Permanent, Relocatable), Material (Precast Concrete, Steel Wood, Plastic), End-use Sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023"

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The report aims at estimating the market size and growth potential of the modular construction market across different segments on the basis of type, material, module, end-use sector, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report further aims to study individual growth trends, prospects, and contribution of various segments to the overall market. The study also analyzes the opportunities in the market for stakeholders and provides details of the competitive landscape of the market. It strategically profiles key players and comprehensively analyzes their core competencies.

Permanent buildings are projected to grow at the highest CAGR during the forecast period.

The modular construction market, on the basis of type, is segmented into permanent modular buildings and relocatable modular buildings. Permanent modular construction led the global market with a larger market share in 2017, in terms of both value and volume, and is projected to be the fastest-growing segment during the forecast period. Permanent modular construction saves time and labor that are required for construction, thereby reducing the construction cost significantly.

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Steel, as a material for modular construction, to witness the highest demand through the forecast period.

The modular construction market was dominated by the steel segment, which held the largest share in 2017. It is also projected to grow at the highest CAGR during the forecast period. The design flexibility, strength, structural integrity, durability, security, fire resistance, and reduced need for repairs and maintenance throughout a building’s life have contributed toward the extensive use of steel in modular construction.


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Paints & Coatings to Be the Largest Application of Coalescing Agent Between 2018 and 2023

The coalescing agents market size is expected to grow from USD 1.0 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%. The global coalescing agents market is expected to be driven by various factors such as increasing demand from emerging economies and growing demand for environmentally-friendly coalescing agents. Apart from this, expansion in end-use industries such as automotive and construction is likely to increase the demand in applications such as high-quality paints & coatings and adhesive & sealants.

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The key players operating in the coalescing agents market are the Elementis Plc (UK), Eastman Chemical Company (US), Synthomer Plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema Group (France), Celanese Corporation (US), and others.These companies are adopting different strategies such as acquisitions and expansions to consolidate their positions in the market.

DowDuPont (US) was one of the largest players in the coalescing agent market in 2017. The company serves various high-growth end-markets, offering both hydrophilic and hydrophobic products. In 2018, the company announced a series of phased expansion of its glycol capacity through a series of seven debottlenecking and incremental expansion projects. The company will increase the production capacity of select p-series and performance glycol ethers, including the DOWANOL Glycol Ethers product line. This will help the company to strengthen its position in the market.

Evonik Industries AG (Germany) is also one of the leading players in the coalescing agents market 2017. The company offers organic coalescing agents to meet requirements from demanding applications such as inks, architectural coatings, metalworking fluid, and others. In 2017, the company signed an agreement to acquire the high-concentrates additive compounding business of 3M (US). This expanded the company’s specialty additives for the plastic industry, including solid additives.

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Synthomer Plc (UK) is a specialty chemical company. It offers coalescing agents for applications such as latex paint formulations, intermediate for plasticizer, solvent carrier, and carrier for compounds & cleaning solvent. In 2017, the company acquired Perstorp Oxo Belgium AB (Belgium), a niche performance additives business serving the industrial and decorative coatings industries. The company will focus on expanding Perstorp Belgium’s market position by leveraging its existing sales, technical services infrastructure, and operational performance. This will further help the company to strengthen its position in the market.


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Vehicle Armor Segment Accounted for The Largest Share of The Armor Materials Market

The armor materials market is projected to grow from an estimated USD 8.67 billion in 2017 to USD 12.11 billion by 2022, at a CAGR of 6.92% during the forecast period. Emerging countries such as Brazil, China, India, and Russia are spending heavily on defense activities owing to rising internal conflicts and tensions with neighboring countries, which is expected to drive the armor materials market. The armor materials market has been segmented on the basis of product type, application, and region.

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Key players operating in the armor materials market include E. I. Du Pont De Nemours and Company (US), DSM NV (Netherlands), Honeywell International Inc. (US), Compagnie de Saint-Gobain SA (France), Allegheny Technologies Incorporated (US), 3M Ceradyne, Inc. (US), Alcoa Corporation (US), Royal TenCate NV (Netherlands), Saab AB (Sweden), CoorsTek Inc. (US), Morgan Advanced Materials (UK), Tata Steel Limited (India), AGY Holding Corp. (US), PPG Industries Inc. (U.S.), and CeramTec GmbH (Germany).These players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the armor materials market.

The growth of the armor materials market was largely influenced by agreements over the past five years. Companies such as E. I. Du Pont De Nemours and Company (US), DSM NV (Netherlands), Honeywell International Inc. (US), Royal TenCate NV (Netherlands), and 3M Ceradyne Company (US) adopted expansions, agreements, and new product launches to expand their regional presence and enhance their product offerings.

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In June 2016, DuPont expanded its research & development activities on the Soldier Protection and Individual Equipment Project of the US Army. It also announced the expansion of its capacity for the production of specialty colored DuPont Kevlar yarn, in June 2013. In November 2013, the company launched two new products, DuPont Kevlar XP S104 and DuPont Kevlar AS450X. These are developed for anti-stab, anti-spike and combined ballistic protection in armor applications, and offer significant mobility and driving comfort, particularly when donned in patrol vehicles.

Royal TenCate NV (Netherlands), which is a leading manufacturer of armor materials, adopted agreements, expansions, and new product launches as key growth strategies to expand its business globally. In September 2015, the company signed a contract to supply the TenCate ABDS active blast countermeasure system for the US Army combat vehicle prototype. In addition to this, it also entered into an agreement, in February 2015, to supply protection materials for modernization programs of CV90 vehicles to the Norwegian Army. In May 2015, the company launched military combat fabrics using TenCate Defender M fabrics and TenCate Coolderm technology. In June 2014, it developed a helicopter armor solution based on the Dyneema Force Multiplier Technology from DSM aimed to reduce weight and increase aircraft payload. The company is the official launch partner of DSM Dyneema at Eurosatory.


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Candle Application is Expected to Lead the Industrial Wax Market, During 2016-2021

The global industrial wax market is projected to reach USD 10.07 billion by 2021, at a CAGR of 4.5% from 2016 to 2021 and USD 12.84 billion by 2026, at a CAGR of 4.7% from 2016 to 2026. With the expected stabilization of global oil prices by 2020-2021, advances in synthetic wax manufacturing, and the increased use of wax in corrugated packaging, it is estimated that industrial wax would depict slightly higher growth rates in the long term forecast.

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Industrial wax is preferred due to its viscosity regulation, extrudability, moisture control, water resistance, and lubrication properties offered in applications such as candles, packaging, coatings & polishing, hot melt adhesives, tires & rubber, cosmetics & personal care, food, and other applications. Industrial wax products provide a longer lifespan and superior performance. The growing popularity of industrial wax in candles, packaging and coatings & polishing applications has increased the global demand. Expansion is the key strategy adopted by the major players to achieve growth in the global industrial wax market between 2014 and 2016. This strategy accounted for a major share of all the strategies adopted from 2014 to 2016.

Industrial Wax Market worth 12.84 Billion USD by 2026

Some of the major players in the industrial wax market include Sinopec Corp. (China), Royal Dutch Shell Plc (Netherlands), Petroleo Brasileiro S.A. (Petrobras) (Brazil), Exxon Mobil Corp. (U.S.), Sasol Limited (South Africa), OJSC Lukoil (Russia), Numaligarh Refinery Limited (India), HCl WAX (China), The Blayson Group Ltd (UK) and International Group, Inc. (Canada). Besides expansions, companies also adopted contracts & agreements as a key strategy to enhance their distribution networks.

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In March 2015, Numaligarh Refinery Limited has commissioned its wax manufacturing plant in Assam, which will be the country’s largest wax producing unit. The company is expanding its refining capacity to meet the growing industrial wax demand from the local as well as global market.

The increasing demand in tires & rubber owing to its ability to protect the rubber and tires from ozone and UV lights is driving the global demand for industrial wax. New technological breakthroughs in paraffin wax production and the successful production of No. 62 and No. 66 fully refined paraffin wax products has enhanced the scope of application of industrial wax.

The rubber & tires, candles and cosmetics & personal care applications are the fastest-growing applications of industrial wax, followed by the coatings & polishing and hot melt adhesives applications. Industrial wax is the preferred material due to its viscosity regulation, moisture control and lubrication properties.


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Asia-Pacific to Register the Highest Growth Rate in the Polypropylene Foams Market

The polyethylene foams market is estimated to be USD 2.74 billion in 2016, and is projected to reach USD 3.64 billion by 2021, at a CAGR of 5.8% between 2016 and 2021.

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The growth of the polyethylene foams market is attributed to its reasonable cost, increased acceptance from various sub-application segments, and increasing demand from emerging countries. PE foams are used mainly in protective packaging, automotive, building & construction, footwear, sports & recreation, medical, and others end-use applications. Higher than 40% of the total demand for polyethylene foams was from the protective packaging end-use application of the polyethylene foams industry. The growth of the automobile and building & construction application is driving the growth for the polyethylene foams market.

The Asia-Pacific region is the fastest-growing market for polyethylene foams. The countries in this region such as, China, Japan, South Korea, India, Indonesia, and Thailand are witnessing a gradual increase in the use of polyethylene foams in residential and non-residential/commercial constructions.

China leads the market for polyethylene foams in the Asia-Pacific region. It is projected to be a high growth market owing to its growing economy, rapid technological advances, and expanding manufacturing capabilities. China is the fastest-growing market in the Asia-Pacific region. The emerging automotive manufacturing sector and growing need for sophisticated infrastructure favors the growth of the polyethylene foams market in this country.

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Polypropylene Foams Market worth 1.27 Billion USD by 2021

Companies are strengthening their R&D capabilities to provide cost-effective products. These products are manufactured by adhering to the regulations set by various associations and governments. All these developments are expected to lead to the sustainable growth of the polyethylene foams market during the next five years. Armacell (Germany), JSP (Japan), Zotefoams Plc (U.K), The Dow Chemical Company (U.S.), Sealed Air Corporation (U.S.), INOAC Corporation (Japan), Thermotec (Australia), Wisconsin Foam Products (U.S.), Trecolan GmbH (Germany), and PAR Group (U.K) among others, are the active players in the polyethylene foams market.


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Global Variable Air Volume Market is driven by Increasing Number of New Product Developments and Expansions Adopted by the Leading Market Players

The market size for VAV is projected to reach USD 13.44 Billion by 2021, registering a CAGR of 6.56% between 2016 and 2021. Growing demand for VAV from the major end-use industries such as commercial, residential & industrial buildings in emerging economies in developed countries is driving the market.

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New product development is the key strategy adopted by industry players to boost their growth in the VAV market. This strategy accounted for a share of 75.0% of all the growth strategies adopted by the market players, between 2012 and 2016. The market for VAV is fragmented with the presence of different end-use industries using VAV products for ventilation applications. Rising demand for VAV across various emerging economies and new product developments by market players to expand their product portfolio to include innovative products is paving the way to fulfilling the demand from consumers. Besides new product developments, companies are investing in expanding their VAV equipment manufacturing facilities in emerging regions across globe. This expansion strategy accounts for a share of 25.0% of all the developments witnessed between 2012 and 2016.

Major manufacturers such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand (Ireland), KMC Controls (U.S.), Johnson Controls (U.S.), Emerson Electric Co. (U.S.), Daikin (Japan), KAD Air Conditioning(U.A.E.), Barcol-Air Ltd.(Switzerland) and Bion Safety Controls Pvt. Ltd.(India) among others are profiled in this report. These companies have adopted both organic growth strategies such as expansions and new product launch.



United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), and Daikin Industries, Ltd. (Japan) are the most active players in the global VAV market. These companies accounted for the highest strategy adoptions amongst other players in the global VAV market from 2012 to 2016.

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United Technologies Corporation (U.S.) is the most active player in the VAV market. Carrier Corporation is a part of United Technologies Corporation Climate, Controls & Security a unit of United Technologies Corporation. It accounted for the largest share of all the developmental activities undertaken in the VAV market between 2012 and 2016. As part of its strategy, the company focuses on expanding its VAV business by investing into research & development activities. Carrier introduced the WeatherExpert 48/50LC, which helped the company to increase its customer base. The company is involved in innovation and research of new products.

Another company that has established a strong foothold in the VAV market is Honeywell International Inc. (U.S.). The company is focused on organic growth strategies and has enhanced its product portfolio new product launches, to meet the growing demand from its potential customers. Honeywell International Inc. mainly focuses on development of innovative products and expanding market reach through strategic alliances and distributor agreements. In the year 2016 the company’s strategy includes driving profitable growth through R&D, technological excellence and optimized manufacturing capability to deliver innovative products that customers value and driving organic growth through expansion of our localized footprint in high growth regions, including China, India, Eastern Europe, the Middle East and Latin America.

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High Demand for Bioresorbable Polymers in Knee Application Driving the Market

The global market size of bioresorbable polymers was USD 661.9 million in 2015 and is estimated to reach USD 1,407.5 million by 2021, at a CAGR of 13.42% between 2016 and 2021. The major players to meet the demand of end users adopt key strategies such as expansions and mergers & acquisitions. The major bioresorbable polymers manufacturers are also focusing on mergers & acquisitions to strengthen their market position by increasing their share in the bioresorbable polymers market.

Major players operating in the global bioresorbable polymers market are Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.).

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Corbion N.V. (Netherlands) is one of the leading bioresorbable polymers manufacturers, globally. The company has been focusing on expansion activities to maintain its leading position in the market. For instance, in March 2016, the company announced that it has completed the pre-engineering of its planned PLA polymerization plant in Thailand. This plant will have an annual capacity of 75 kilotons and will produce the complete portfolio of PLA polymers. This helped the company to strengthen its position in the global bioresorbable polymers market.

Evonik Industries AG (Germany) is another major player in the global bioresorbable polymers market. The company has been focusing on expansions and mergers & acquisitions as part of its strategic development activities. In January 2014, the company announced to open a new manufacturing and development facility for RESOMER polymers in Darmstadt. This helped the company to cater to the rising demand of these polymers in the healthcare industry. In November 2011, Evonik completed the acquisition of SurModics Pharmaceuticals Inc. (U.S.). This acquisition included the ownership of SurModics’s bioresorbable and parenteral dosage form services.

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This report provides a detailed analysis of the bioresorbable polymers market and segments the same based on type, application, and region. Based on type, the market has been segmented as agro-polymers and biopolyesters. Based on application, the market has been segmented as orthopedics drug delivery, and others. Based on region, the market has been segmented as North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


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Textile Application to Drive the Silk Market Between 2016 and 2021

The global silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021. The Asia-Pacific region is leading the silk market, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Thailand, Uzbekistan, and Japan are witnessing growth in the use as well as production of silk.

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The Asia-Pacific is the largest as well as the fastest growing market for silk. China leads the Asia-Pacific silk market, accounting for approximately 80% of the demand for silk in the region, owing to easy availability of raw silk. China is also the largest producer of raw silk and silk yarns globally, followed by India, Thailand, and Uzbekistan. China is the largest exporter of silk globally. The country is the world’s top textile exporter, accounting for approximately 40% of the world’s textile and clothing exports. The textile and clothing industry is the largest manufacturing industry in China with more than 20,000 enterprises. The growing demand for textile goods such as fabric and clothing in the Asia-Pacific region is expected to drive the silk market during the forecast period. The Asia-Pacific silk market is expected to grow further due to growing economy, rapid advancements in sericulture technology, and increasing application of silk in the textile industry.


Textile is the largest application segment of the silk market

Textile is the largest application segment of the silk market, owing to an increase in demand for silk products from textile industries in Asia-Pacific and Europe. Silk is used in the textile industry as it is lustrous, luxurious, lightweight, resilient, stain-resistant, and strong.

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Table of Contents

1 Introduction (Page No. - 11)
   1.1 Objectives of the Study    1.2 Market Definition    1.3 Market Scope    1.4 Years Considered for the Study    1.5 Currency Considered    1.6 Limitations    1.7 Stakeholders

2 Research Methodology (Page No. - 14)
   2.1 Research Data           2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources
          2.1.2 Primary Data
                   2.1.2.1 Key Data From Primary Sources
                   2.1.2.2 Key Industry Insights
                   2.1.2.3 Breakdown of Primary Interviews
   2.2 Market Size Estimation    2.3 Data Triangulation    2.4 Research Assumptions



Based on type, the mulberry silk segment is leading the silk market. Mulberry silk is gaining importance due to its unique properties such as high strength, elasticity, resilience, and absorbency. Mulberry silk is used with other fibers such as cotton to obtain better properties of the original silk. Furthermore, technological advancements in the sericulture industry is driving the silk market. The quality of silk is improving following innovations in sericulture to develop different breeds of silkworms. However, China is a major source of raw silk globally. Thus, high dependency on China for raw material can restrain the growth of the silk market.


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The Steal & Alloys Segment is Projected to Lead the Seamless Pipes Market

The seamless pipes market is estimated to be USD 183.79 Billion in 2017 and is projected to reach USD 237.11 Billion by 2022, at a CAGR of 5.2% during the forecast period from 2017 to 2022. The demand for seamless pipes is mainly driven by the growing consumption of seamless pipes in different end-use industries. The demand for seamless pipes is expected to be the highest in the oil & gas industry. Thus, the growth of the oil & gas industry in emerging markets, such as China, India, and Brazil is expected to fuel the demand for seamless pipes. Some of the key players in the seamless pipes market include Nippon Steel & Sumitomo Metal Corporation (Japan), ArcelorMittal SA (Luxembourg), JFE Steel Corporation (Japan), Tenaris S.A. (Luxembourg), Vallourec AG (France), IPP Europe Ltd. (UK), Zaffertec S.L. (Spain), Cimco Europe (Italy), Wheatland Tube Company (US), Techint Group SpA (Italy), ISMT Ltd. (India), ALCO SAS (Colombia), Shalco Industries Pvt. Ltd. (India), UMW Group (Malaysia), United Seamless Tubulaar Pvt. Ltd. (India), Jindal Saw Ltd. (India), Tianjin Pipe (Group) Corporation (China), PAO TMK (Russia), Sandvik AB (Sweden), United States Steel Corporation (US), Schulz USA (US), ChelPipe (Russia), EVRAZ Plc (UK), Salzgitter Mannesmann Stainless Tubes GmbH (Germany), and Tubos Reunidos, S.A. (Spain).

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Expansions and agreements are the key strategies adopted by key companies to strengthen their sales and distribution network in the seamless pipes market. These companies also invested in R&D activities to enhance their market visibility and strengthen their position in the market.

Nippon Steel & Sumitomo Metal Corporation is one of the leading producers of seamless pipes. The company has an extensive customer base and presence in various regions across the globe. In April 2017, the company established a joint venture, VAM BRN SDN BHD (VAM BRN), with Sumitomo Corporation (Japan) and Vallourec Tubes S.A.S. (France). The new plant has a capacity of producing 18,000 tons of Oil Country Tubular Goods (OCTG) pipes per year. In January 2017, the company received a supply contract extension from Petroleum Development Oman. The contract will help the company to establish its brand image in the market.

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Table of Contents

1 Introduction (Page No. - 15)
   1.1 Objectives of the Study    1.2 Market Definition    1.3 Market Scope           1.3.1 Years Considered for the Study
   1.4 Currency    1.5 Stakeholders    1.6 Limitations

2 Research Methodology (Page No. - 19)
   2.1 Research Data           2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources
          2.1.2 Primary Data
                   2.1.2.1 Key Data From Primary Sources
                   2.1.2.2 Key Industry Insights
                   2.1.2.3 Breakdown of Primary Interviews
   2.2 Market Size Estimation           2.2.1 Bottom-Up Approach
          2.2.2 Top Down Approach
   2.3 Data Triangulation    2.4 Research Assumptions

Seamless Pipes Market worth 237.11 Billion USD by 2022

ArcelorMittal S.A. is another leading producer of seamless pipes. The company manufactures and distributes a wide range of tubular products for industries, such as oil & gas, and power generation, among others. In February 2014, the company increased the annual production capacity of its seamless pipe manufacturing plant in the Czech Republic from 24,000 tons to 42,000 tons. The expansion will help the company meet the increasing demand for seamless pipes across the globe.


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The Armor Materials Market Segmented On The Basis of Product Type, Application, And Region by 2022

The armor materials market is projected to grow from an estimated USD 8.67 Billion in 2017 to USD 12.11 Billion by 2022, at a CAGR of 6.92% during the forecast period. Emerging countries such as Brazil, China, India, and Russia are spending heavily on defense activities owing to rising internal conflicts and tensions with neighboring countries, which is expected to drive the armor materials market. The armor materials market has been segmented on the basis of product type, application, and region.

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Key players operating in the armor materials market include E. I. Du Pont De Nemours and Company (US), DSM NV (Netherlands), Honeywell International Inc. (US), Compagnie de Saint-Gobain SA (France), Allegheny Technologies Incorporated (US), 3M Ceradyne, Inc. (US), Alcoa Corporation (US), Royal TenCate NV (Netherlands), Saab AB (Sweden), CoorsTek Inc. (US), Morgan Advanced Materials (UK), Tata Steel Limited (India), AGY Holding Corp. (US), PPG Industries Inc. (U.S.), and CeramTec GmbH (Germany).These players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the armor materials market.

The growth of the armor materials market was largely influenced by agreements over the past five years. Companies such as E. I. Du Pont De Nemours and Company (US), DSM NV (Netherlands), Honeywell International Inc. (US), Royal TenCate NV (Netherlands), and 3M Ceradyne Company (US) adopted expansions, agreements, and new product launches to expand their regional presence and enhance their product offerings.

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In June 2016, DuPont expanded its research & development activities on the Soldier Protection and Individual Equipment Project of the US Army. It also announced the expansion of its capacity for the production of specialty colored DuPont Kevlar yarn, in June 2013. In November 2013, the company launched two new products, DuPont Kevlar XP S104 and DuPont Kevlar AS450X. These are developed for anti-stab, anti-spike and combined ballistic protection in armor applications, and offer significant mobility and driving comfort, particularly when donned in patrol vehicles.

Royal TenCate NV (Netherlands), which is a leading manufacturer of armor materials, adopted agreements, expansions, and new product launches as key growth strategies to expand its business globally. In September 2015, the company signed a contract to supply the TenCate ABDS active blast countermeasure system for the US Army combat vehicle prototype. In addition to this, it also entered into an agreement, in February 2015, to supply protection materials for modernization programs of CV90 vehicles to the Norwegian Army. In May 2015, the company launched military combat fabrics using TenCate Defender M fabrics and TenCate Coolderm technology. In June 2014, it developed a helicopter armor solution based on the Dyneema Force Multiplier Technology from DSM aimed to reduce weight and increase aircraft payload. The company is the official launch partner of DSM Dyneema at Eurosatory.

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Polyolefins Comonomers Application of Alpha Olefins to Dominate the Market Globally

The global market for alpha olefins is expected to witness high growth between 2017 and 2022. Increasing demand from end-use industries such as automobiles and packaging are expected to drive the alpha olefins market. Shale gas, which is rich is olefin content, has been discovered in several countries recently, and thus has led to an expansion of the olefin industry. Abundant availability of cheap natural gas-based feedstock from North America’s highly productive shale has led to the growth of the alpha olefins industry. This increase in the availability of ethane and propane feedstock from shale gas has prompted nearly all major North American alpha olefin producers to announce ethylene/propylene or alpha olefins capacity additions.

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The global alpha olefins market has a large number of market players; however the market is led by some major players, such as Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd. (Qatar), among others.

Most of these companies are leaders in the alpha olefins market and are focusing on capturing the full value chain to achieve economies of scale and product innovations in order to strengthen their market shares.


Polyolefin co-monomers application accounted for the largest share in 2016

The polyolefin co-monomers segment is projected to be the largest market for alpha olefins from 2017 to 2022, owing to the rapid growth of the plastics industry in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for plastics, which in turn are driving the alpha olefins market in the polyolefin co-monomers application.

1-Butene is expected to be the fastest-growing segment in the alpha olefins market

The main reason for the high demand for 1-Butene can be attributed to the increasing consumption of plastics and automobiles, which are its largest end-use industries. The growing plastics industry worldwide drives the market for 1-Butene, and demand is expected to be higher in emerging countries. The rising demand for plastic packaging in food, pharmaceutical, and other industries is boosting the plastics market, which in turn is expected to drive the alpha olefins market. 1-Butene is used as a copolymer in the production of gasoline, butadiene, and other products, which increases its scope of applications.

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Growth of the automobile and packaging industries in the Asia-Pacific is also expected to lead to the growth of the alpha olefins market. Additionally, factors such as increasing population, higher disposable incomes, higher standards of living, rising consumption of packaged food, and increasing automobile manufacturing facilities are also expected to contribute to its growth in the region.



Market players are concentrating on expanding their product portfolios and developing cost-effective technologies. The companies are investing in establishing new facilities mainly in emerging regions so as to increase their global reach. These developments are being undertaken to meet the increasing demand for alpha olefins for various applications.


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