Modular Construction Market worth $157.19 billion by 2023

The report "Modular Construction Market by Type (Permanent, Relocatable), Material (Steel Precast Concrete, Wood, Plastic), End-Use Sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023", The modular construction market is estimated at USD 112.42 billion in 2018 and is projected to reach USD 157.19 billion by 2023, at a CAGR of 6.9%. The rise in demand for complex structures at affordable rates, increase in concern towards work-zone safety and need for lower environmental impacts drives the modular construction market. Rising construction activities in emerging economies and increasing inclination towards sustainable construction methods are increasing the reliance on modern construction techniques, subsequently creating growth opportunities for modular construction.

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Key players operating in the modular construction market include 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). These players possess enhanced modular construction capabilities and focus on creating awareness about this dynamic technology. Contracts, new projects, acquisitions, agreements, joint ventures, partnerships, and expansions are some of the major strategies adopted by key players operating in the modular construction market.

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Drivers

Growth in infrastructure investment and industrialization

Infrastructure spending is a key driver of the global and regional economies. It is expected that spending on capital projects and infrastructure will grow significantly over the next decade. China, India, and other countries in Asia Pacific, along with South Africa and Brazil, are investing considerably in the infrastructure industry.

Restraints

Economic downturn in major regions

The demand for modular construction is entirely dependent on the demand for new construction, which is directly related to the economic condition of any country, region, or the world as a whole. After the recession in the global financial market, the demand for new construction lost priority. Unemployment and low disposable income radically affected the GDPs of countries.

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Rising demand for natural fiber composites especially in Asia-Pacific and Oceania

Natural fiber composites are mainly used in the building & construction and automotive industries. Natural fiber composites are manufactured mainly using two processes: compression molding and injection molding.

The natural fiber composites market is a highly fragmented market with a presence of large number of producers. There are many players with strong local presence in their respective regions. The key players in this market are opting for agreements & partnerships, and product showcasing to enhance their market reach into new applications and more eco-friendly products. The major companies in the market are UPM Biocomposites, Meshlin Composites Zrt, Jelu-wrek, Greencore Composites, among others.

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Manufacturing process: Compression molding comprises a major share in the NFCs market
Compression molding is the most widely used manufacturing process of NFCs. Automotive and construction industries are the key users of compression molded NFCs due to their benefits, such as cost effectiveness, high reproducibility, low cycle time, homogenous distribution of long fibers in fleece, lesser wastage of raw material and lower tooling costs. Heavy and intricate complex parts with good surface finish can be made with the help of compression molding, which make it suitable in the construction industry. In the automotive industry, it is used to produce interior parts of automobiles with higher strength and stiffness.

Construction & Automotive industry is at the forefront and driving the NFCs market
The demand for NFCs in the construction industry for outdoor deck floors, railings, fences, landscaping timbers, park benches, window and door frames, and indoor furniture has grown remarkably on the global platform. This is due to their superior strength-to weight ratio, recyclability, and low cost. Further, NFCs are becoming popular and essential for making automotive components such as seatbacks, parcel shelves, boot linens, front and rear door linens, truck linens, and door-trim panels due to their lightweight and increased fuel efficiency.


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Akzo Nobel N.V. and Croda International Plc. Leading Producers of Anti-Fog Additives Market

The antifog additives market has been growing at a moderate pace over the past five years, owing to increase in demand for antifog additives in food packaging films and agricultural films, among other applications. Currently, the antifog additives market is dominated by key players, such as Akzo Nobel N.V. (Netherlands), Croda International Plc. (U.K.), Clariant AG (Switzerland), A. Schulman (U.S.), PolyOne Corporation (U.S.), Evonik Industries (Germany), DuPont (U.S.), Ashland Inc. (U.S.), and Corbion N.V. (Netherlands). These companies have enhanced their production capacities to strengthen their foothold in the antifog additives market.

Substantial expansions have been made in the past few years by key companies, such as Croda International Plc., A.Schulman, Inc., and Akzo Nobel N.V., to address the future demand of antifog additives. Key players in this market are majorly focused on expansions, acquisitions, investments, and new product launches to enhance their presence in the market.

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Expansion has been the key growth strategy adopted by major players to gain a competitive edge over competitors. For instance, Croda International Plc., in December 2015, announced the expansion of amide capacity at its manufacturing site in Hull (U.K.). This expansion strategy is expected to help the company address the growing demand of slip additives for polymers in the future. Companies are also making worthy investments to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the global antifog additives market.

Akzo Nobel N.V. is the one of the leading producers of antifog additives, globally. The company is focused on transforming its business portfolio to industrial specialty chemicals. It has adopted the expansion strategy to strengthen its market position and consolidate its financial position in the market. In March 2015, Akzo Nobel N.V. doubled its masterbatch production capacity in Dongguan (China). This expansion aimed at accommodating the growing demand of masterbatches from packaging and personal care & hygiene industries in China.

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Croda International Plc. is another major player in the antifog additives market. It provides standard quality products and services, in response to the increasing environmental and sustainability concerns. There is a growing demand for both, environment-friendly production processes as well as chemical products. The company is expanding its presence in the Asia-Pacific region with the intention of strengthening its foothold in the antifog additives market. In February 2013, Croda International Plc. acquired China-based specialty chemicals manufacturer, Sichuan Sipo Chemical Co., Ltd. This acquisition enabled the company to widen its geographic presence and strengthen its performance in the specialty chemicals segment.

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Heat Shield Market Worth 4.19 Billion USD - Global Trends & Forecasts to 2021

The report "Heat Shield Market by End-Use Industry (Automotive, Aircraft & Defense (Firearm)) and Material Type (Aluminum, Metallic, Non-Metallic) - Global Trends & Forecasts to 2021", The global market size of heat shield was USD 3.14 Billion in 2015 and is projected to reach USD 4.19 Billion by 2021, at a CAGR of 5.06% between 2016 and 2021. Rise in automotive and aircraft production, and rising concern towards safety in the end-use industries are the major factors driving the heat shield market.

Currently, various market players such as are Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Elringklinger AG (Germany), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), ThermoTec Automotive (U.S.), and Zircotec (U.K.) dominate the global heat shield market.

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Automotive industry end-use industry captures the largest share of the heat shield market

The heat shield market is segmented based on end-use industry into automotive, aircraft, and defense (firearms). Automotive heat shield captured the maximum share of the overall heat shield market in 2015 and is projected to witness high growth rate during the forecast period. This is due to the rising living standards and rising demand for automotive in the developing countries.

By material type, non-metallic heat shield captures the largest share of the heat shield market

Heat shields are segmented as metallic and non-metallic based on the material type. Non-metallic heat shield is the most commonly used heat shield material mainly due to rising use of composites and related materials in the manufacturing of heat shields. In addition, the non-metallic heat shields are lighter in weight and have high temperature resisting capacity, which accounts for their higher market share.

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Asia-Pacific is the largest heat shield market

The heat shield market is broadly segmented into six regions, namely, Asia-Pacific, North America, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa. Asia-Pacific is the largest heat shield market, followed by North America and Western Europe, in terms of value. The rising consumption of passenger cars, especially in the developing economies, and increased safety and security requirements in the exhaust system of automotive and aircrafts are some of the major factors boosting the heat shield market.

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Sealing & Strapping Packaging Tapes Market worth $22.1 billion by 2023

The report "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023", The sealing & strapping packaging tapes market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, recording a CAGR of 4.89%. The rising demand for carton sealing tapes in the packaging industry, due to its wide range of applications including carton sealing, bundling, unitizing, pelletizing, and general packaging is projected to drive the demand for sealing & strapping packaging tapes. Furthermore, these tapes are economical alternatives to plastic and metal sealing & strapping tapes, which is further projected to boost its market growth.

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The polypropylene segment is estimated to witness the fastest growth during the forecast period
The polypropylene segment is estimated to be the fastest-growing segment in the market during the forecast period. The sealing & strapping packaging tapes market is witnessing a high demand due to the various benefits of polypropylene in sealing & strapping packaging tapes, such as high abrasion, impact-resistant, water-resistant, and high flexibility. In addition, it’s a wide range of applications in various end-use sectors for packaging and secure transport of goods and products in the supply chain have also contributed to its high growth.

The carton sealing tapes segment is estimated to account for the largest share in the sealing & strapping packaging tapes market in 2018

The sealing & strapping packaging tapes market is segmented as carton sealing tapes and strapping & bundling, in terms of application. The carton sealing tapes segment accounted for the largest share in 2018, as it is a widely used packaging tape, which is more economical and can be used over all types of packaging, which includes primary, secondary, and tertiary packaging products. However, the strapping & bundling segment is projected to be the fastest-growing segment in the sealing & strapping packaging tapes market, in terms of both value & volume, due to its extensive use in the packaging industry for bundling, pelletizing, and unitizing.

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The major players include Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). Companies have adopted strategies such as new product launches and acquisitions to cater to the increasing demand for these tapes in emerging markets.

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Methanol Market worth 54.16 Billion USD - Global Trends & Forecasts to 2021

The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.

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The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the position of these companies in the market.  They have been adopting various organic and inorganic growth strategies such as joint ventures & agreements and expansions to enhance the current market scenario of methanol.

These stakeholders include:

• Methanol manufacturers
• Methanol traders
• Distributors and suppliers
• End-use market participants of different segments of methanol
• Government and research organizations
• Associations and industrial bodies
• Research and consulting firms
• R&D institutions
• Environment support agencies
• Investment banks and private equity firms

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Automotive is the largest end-use industry of the market and accounted for more than 20% of total market share in 2015. Methanol can be used directly in internal combustion engines of vehicles and aircrafts, with similar efficiency to diesel engines. Currently, methanol is used as an ideal fuel for transportation in many parts of the world, due to its efficient combustion, and low cost compared to all other fuels.

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Key Players in the Antistatic Agents Market is Focusing on Expansion as well as Acquisition Strategies to strengthen its Market

Antistatic agents are compounds that are primarily used for the treatment of materials or their surfaces to reduce or eliminate the buildup of static electricity. These agents function either by reducing the generation of electric charge, or by increasing the rate of charge dissipation, or by both. Antistatic agents are widely used in the packaging, electronics, automotive, and textile industries. Major companies operating in the antistatic agents market include 3M (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DuPont (U.S.), Croda International Plc. (U.K.), A. Schulman, Inc. (U.S.), Arkema (France), Evonik Industries AG (Germany), and Solvay S.A. (Belgium).

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In recent times, key companies have adopted various growth strategies such as new product launches, expansions, mergers & acquisitions, and partnerships. 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 antistatic agents market.



Clariant (Switzerland), is the one of the leading producers of antistatic agents. The company is focusing on new product launches as well as business expansion strategies to strengthen its market position and consolidate its financial position in the antistatic agents market. In April 2016, the company introduced two ‘AddWorks’ solutions, namely, AddWorks PKG 902 and AddWorks LXR 408, mainly for the packaging industry to increase productivity, sustainability, and functionality. The AddWorks LXR 408 provides a durable antistatic property to plastic films, which are mainly used in flexible packaging. In July 2015, the company developed a new glass-reinforced polyamide (nylon) that is used for the development of electronic components.

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A. Schulman, Inc. (U.S.) is another key player in the antistatic agents market. The company is focusing on expansion as well as acquisition strategies to strengthen its market position. In April 2015, the company expanded its new master batch manufacturing facility in Turkey. This development strategy helped the company supply their products to food & beverages and industrial packaging sectors, located in the Middle East and North America. In April 2011, the company expanded its Brazilian manufacturing facility by adding one manufacturing line for master batch and engineering plastics production. This expansion strategy helped the company increase its market presence in the packaging (food, medical, pharmaceutical), consumer goods, and transportation industries.


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Major market players adopting new product launches as key strategies to achieve growth - Gas Analyzer, Sensor & Detector Market

The key players in the global GASD market adopted the strategy of both expansions and certifications to increase their market share between 2011 and 2015. The increasing demand for GASD devices in oil & gas and chemicals, building & construction, healthcare, food & beverage, and increasing consumption of GASD in developed as well as developing markets such as U.S., U.K., Germany, France, the Netherlands, China, India, Malaysia, and Japan have encouraged companies to adopt this strategy. The players in the market have also actively participated in acquisitions to increase their market penetration.

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New product launches was the most preferred growth strategy adopted by market players between 2011 and 2015 accounting for a share of 69.0%, respectively, of all development strategies. The second-most preferred growth strategy adopted by manufacturers was mergers & acquisitions that accounted for 14.0% of the total development strategies as witnessed in the recent years in the GASD market. Expansions & agreements, the third-most preferred strategy adopted by the players in this market, accounted for 9.0% of all the strategies.

The major manufacturers such as Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), General Electric Co. (U.S.), Emerson Electric Co. (U.S.), and Drägerwerk AG & Co. KGaA (Germany) are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as expansions, new product launches & product developments, mergers & acquisitions, joint ventures & contracts, and agreements.

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Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), General Electric Co. (U.S.), Emerson Electric Co. (U.S.), Figaro Engineering Inc. (Japan), Ametek Inc. (U.S.), and Drägerwerk AG & Co. KGaA (Germany) are the most active players in the GASD market. These companies participated in maximum number of development strategies in the  GASD market, accounting for over 80.0% of the total market activities between 2011 and 2015.

Honeywell International, Inc. (U.S.) is the largest contributor to the overall developments recorded and is the leading company in the GASD market. The company follows organic growth strategies with new product development, capacity expansions, and agreements as the major growth strategies to enhance its presence in Europe, the U.S., China, among  other emerging economies. For instance, the establishment of its state-of-the-art technology center in Singapore, which explores the real world installation and use of GASD devices in the industrial environment. The diverse product portfolio of the company and technologically advanced R&D centers have also led to its innovation-driven growth, thereby accounting for a large share in the GASD market.

Figaro Engineering Inc. (Japan) is another major player that has established a strong foothold in the GASD market especially in the Asia-Pacific region. The company has a broad and diversified GASD and technology product portfolio, which ensures consistent growth in the  GASD market. The company is focused mainly on organic growth strategies. For instance, Figaro launched its new, highly accurate, and low power NDIR CO2 module, CDM7160. This analyzer can be used in environments where the CO2 concentration is normally high, for instance, in hospitals. These strategies have helped the company to enhance its technical expertise and expand its regional as well as global reach in the GASD market.

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Key Players in the Ceramic Textile Market

The global ceramic textile market is projected to reach USD 132.5 Million by 2021 registering a CAGR of 9.94%, in terms of value, between 2016 and 2021. It is driven by the growing consumption of insulating products in the Asia-Pacific region, especially in China and India. High dependence on China for iron and steel export is restraining the growth of the ceramic textile market in Asia-Pacific. Emerging application industries, such as aerospace and alternate energy, are expected to drive the global market during the forecast period. Ceramic fibers being lightweight and chemically stable are used in a number of industrial applications, such as insulation and gaskets. They are used in conserving energy and heat management, as they remain chemically stable at high temperatures with properties such as lightweight, high thermal insulation, and low conductivity.

Expansions, acquisitions, and new product launches are the key strategies followed by majority of the players. Morgan Thermal Ceramics (U.K.) launched a low bio-persistent solution, known as Superwool in 2014. It is used in ceramics, glasses, metals, automotive, and consumer goods applications.

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The company strives to offer its customers innovative and differentiated products through extensive R&D measures, technical expertise, and quality processes. For instance, in 2010, it developed Superwool Plus and Superwool HT, which improved its sales mainly in Europe. The company is also focusing on enhancing its operational efficiencies by developing products.Recently, it has launched WDS UltraShell microporous insulation for the energy sector. This strengthened the company’s hold in the regional as well as global market.

Kyocera Corporation (Japan) launched a new product line in 2014 that features ceramic nonstick coating technology. It also signed a distribution agreement with Pond Pro sales group to sell Firestone pond lining and geomembranes products in the U.S. The 3M Company (U.S.) and Ceradyne Inc. signed a merger agreement, resulting in Ceradyne, a wholly-owned subsidiary of 3M.

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IBIDEN Co. Ltd. (Japan) strategically carries out its plant expansions and operations by reducing its production cost and improving its supply distribution network by establishing plants in emerging markets. This helps the company easily penetrate the market and increase its business revenues through enhanced services to its customers. The strategy adopted is likely to facilitate increased market share, consumer base, and profitability to the company in the coming years.

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New Product Launches are some of the Major Strategies Adopted by Market Players to Achieve Growth in the Antifreeze/Coolant Market

MarketsandMarkets projects the global antifreeze/coolant market to grow from USD 4.52 Billion in 2016 to USD 6.62 Billion by 2021, at a CAGR of 7.91%. The growth in the antifreeze/coolant market is supported by end-use industries such automotive, industrial, and aerospace & defense in both, developed and developing countries, as well as the increase in need for less toxic and environment-friendly coolants.

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The key players in the antifreeze/coolant market are Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), BP Plc (U.K.), Total S.A. (France), Chevron Corporation (U.S.), Lukoil (Russia), Petronas (Malaysia), BASF SE(Germany), Cummins Inc (U.S.), and Motul S.A. (France). These players have emphasized and adopted various strategies to expand their global presence and increase their market share. Expansions & agreements, joint ventures, and new product launches are some of the major strategies adopted by market players to achieve growth in the antifreeze/coolant market.

Target Audience

• Antifreeze/coolant manufacturers
• OEMs
• Manufacturing organizations 
• Automotive manufacturers
• Traders, distributors and suppliers of composite materials
• Associations and industry bodies

The growth of the antifreeze/coolant market was largely influenced by new product launches in the last few years. The year 2015 experienced a large number of strategies adopted by top players in the market with agreements & expansions and joint ventures, which formed an essential part of their strategies, and consequently led to the flow of considerable income within the company. To maintain a competitive advantage, top players emphasized on new product launches.

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Chevron Corporation has a strong market position and its upstream and downstream industry has a global presence. The company has a vertical integration model and is therefore present in the complete chain of the oil & gas industry. It is a well-established brand in most countries of the world. To enter new markets, it focuses on expanding its antifreeze/coolant base to less populated countries. Thus, advancement of technology is a driving force for the growth of the company’s antifreeze/coolant segment.

By Product Type:

• Ethylene glycol
• Polypropylene glycol
• Others (methanol and glycerol)

By Application:

• Automobiles
• Industrial
• Others (aerospace and electronics industries)

The Royal Dutch Shell Plc mainly concentrates on technology developments and innovations. It heavily invests in research & development for new and innovative products. It manufactured nitrite-free coolant for heavy-duty engines in 2015. The product not only extended the service life of the coolant, but also offered protection to the components of engine cooling system. The company is more focused on broadening its product portfolio through new product launches in the antifreeze/coolant market. This helped Shell to cater to its customer needs on a larger scale. From March 2010 to 2015, the company launched two different products to enhance its product portfolio.

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The Dow Chemical Company(U.S.), Henkel AG & Company (Germany), Sika AG(Switzerland), Arkema (France), and GAF Materials Corporation (U.S.)in the Global Roofing Adhesives Market

New product launch was the key strategy adopted by the market players to achieve market growth in the global roofing adhesives market. This strategy accounted for the largest share of all the development strategies adopted by the market players to expand their global presence and increase their market share in the global roofing adhesives market between 2010 and 2016. The current demand in end-use applications such as residential and non-residential/commercial in building & constructions are driving the global roofing adhesives market. The demand from end-use industries encouraged companies to adopt various growth strategies in the global roofing adhesives market. Some of the leading global roofing adhesives manufacturers are The 3M Company(U.S.), The Dow Chemical Company(U.S.), Henkel AG & Company (Germany), Sika AG(Switzerland), Arkema (France), and GAF Materials Corporation (U.S.), among others adopted various organic and inorganic growth strategies to improve their business and maintain their market share, globally.

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Key companies such as The 3M Company (U.S.), The Dow Chemical Company (U.S.), Henkel AG & Company (Germany), Sika AG (Switzerland), Arkema (France), GAF Materials Corporation (U.S.), Johns Manville (U.S.), Royal Adhesives & Sealants (U.S.), Henry Company (U.S.), and Dove Technology Ltd. (U.K.) among others are profiled in this report.

Companies adopted strategies such as investment & expansion, new product launches, merger & acquisition, and partnership, agreements, contracts & joint venture to increase their market share and expand their distribution network, globally. These strategies accounted for a significant share of the total number of growth strategies adopted by players in the global roofing adhesives market between 2010 and 2016.

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Two major players in the global roofing adhesives market are Henkel AG & Company (Germany) and the 3M Company (U.S.). There are other players also who has adopted many strategies. In the past two years, Sika AG (Switzerland) and Henry Company (U.S.) adopted new product launches as their major strategies for growth.

In May 2016, Henry Company has launched liquid-applied roofing systems, which is very cost effective and available in silicone, acrylic, and aluminum. This helps restore the building’s roof without the expense of removing and installing a new roof.

Similarly, in May 2015, Sika AG has launched new product called SikaBond, an ultimate grab adhesive. SikaBond is a one-component, moisture-cure, instant grab, polyurethane adhesive used to bond a wide variety of interior and exterior construction materials.

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Industrial Wax Products Provide a Longer Lifespan and Superior Performance

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.

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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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.

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Sinopec Corp., through its subsidiary Jinan Company, made a new technological breakthrough on paraffin production and successfully produced No. 62 and No. 66 fully refined paraffin wax. New product developments, expansions and joint ventures are the key strategies adopted by Sinopec Corp. to strengthen its market share. In 2016, the company began the construction of its R&D center in Saudi Arabia. With this center, the company will enhance its technological and innovation capabilities. The company has also entered into a joint venture agreement with Sinopec Asset Management Company, in 2015. Through this joint venture, a new subsidiary will be formed named Gaoqiao Petrochemical Co.

In June 2015, phase I of Sasol’s Fischer-Tropsch Wax Expansion Project (FTWEP) has been successfully commissioned at its Sasolburg Operations in South Africa. This will contribute to a considerable share of the FT wax market, in South Africa. 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.

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Key Players Operational in the Market is Majorly Focusing on the Product Launches, and Acquisitions Growth Strategies in Dewatering Equipment Market

The global dewatering equipment market was valued at USD 3.99 Billion in 2015 and is projected to grow at a CAGR of 4.9% from 2016 to 2026, to reach USD 6.46 Billion by 2026. The European region led the market in 2015, and is projected to grow at a moderate rate during the forecast period, followed by the Asia-Pacific region and North America.

Andritz AG (Austria), which is one of the key players in the global dewatering equipment market, introduced the RheoScan, an optical measurement system for belt presses and gravity belt tables in February 2016. The new system adjusts the polymer dose needed to match the changing flow rates and sludge conditions automatically and accurately. This new system provides cost savings of up to 40% in polymer consumption and increases plant reliability. 

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Key players operational in the market are majorly focusing on the product launches, and acquisitions growth strategies. Companies are adopting these strategies for capacity expansions of existing facilities and the installation of new facilities to achieve superior performance qualities, for economies of scale, product innovation, and to simultaneously address the increasing demand for dewatering equipment. Alfa Laval is one of the key leading players in the global dewatering equipment market. In May 2016, Alfa Laval won an order to supply decanters to a waste water treatment plant in the US. The order, booked in the Water & Waste Treatment segment, has a value of approximately USD 438.75 million and delivery is scheduled for 2017. The Alfa Laval decanters will be installed in a municipal waste water treatment plant in the Southwest of the U.S., where they will be used for the dewatering of sludge from wastewater. This contract expanded the company’s product portfolio related to dewatering equipment.

Factors such as the growing awareness among people regarding sludge disposal and the stringent regulations by regulatory bodies such as, the Environmental Protection Agency (EPA) of the U.S., and the rapid adoption of advanced technologies, are some of the key factors driving the demand in the dewatering equipment market, globally, during the forecast period.

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Most of the companies in this market have a wider presence in the North American and European regions. The three leading companies, Andritz AG (Austria), Veolia Water Technologies (France), and Alfa Laval AB (Sweden) have a presence in all regions. Major companies in the global dewatering equipment market are focusing on the Asia-Pacific region due to the high CAGR of emerging economies such as China and India, and also due to the growing demand for dewatering equipment from these countries. The key players in this market are focusing on expanding their production capacities to gain competitive advantage.

Apart from product launches, the expansions strategy is also adopted by the key players operational in the global dewatering equipment market. In August 2010, Huber SE (Germany) had launched a specialist team to provide water solutions for green buildings. The team would work with architects, engineers and contractors, or directly with clients, to deliver complete wastewater recycling and energy recovery solutions for medium to large buildings.

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Agreements & Collaborations, Expansions, Mergers & Acquisitions, New Product Launches, and Partnerships are some of the Key Strategies Adopted by the Leading Companies in the Flat Steel Market

"Steel is an alloy that is primarily utilized in the construction industry. It serves to be fundamental component for developing various infrastructures, such as buildings, railway tracks, and roads. Steel products are mainly classified into flat steel and long steel products. Flat steel products are used in varied sectors, such as automotive, heavy machinery, and construction, among others. Key raw materials used for producing flat steel include thermal coke, coking coal, iron ore, steel scrap, and natural gas. Major companies operating in the flat steel market include ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Essar Steel (India), ThyssenKrupp (Germany), United States Steel Corporation (U.S.), Nippon Steel & Sumitomo Metal Corporation (Japan), Allegheny Technologies Inc. (U.S.), SSAB (Sweden), Hyundai Steel Co., Limited (South Korea), Tata Steels Limited (India), SAIL (India), and Essar Steel (India), among others.

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Agreements & collaborations, expansions, mergers & acquisitions, new product launches, and partnerships are some of the key strategies adopted by the leading companies in the flat steel market. These companies have also been investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the market.



POSCO (South Korea) has been focusing on agreements & collaborations to strengthen its position in the flat steel market and is expanding its business in new geographies. This has helped the company to expand its global footprint and tap critically advantageous regions that are witnessing rapid growth in the flat steel market. In 2015, the company entered into a strategic agreement with Renault Samsung Motors to supply high quality materials for automobiles. In the same year, the company entered into a supply agreement with SsangYong Motor to supply new steel grades required for manufacturing new cars. In 2013, the company expanded its production facilities in China, Turkey, and Indonesia for manufacturing new grades of flat steels for automobiles and electronic applications.

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In 2015, ArcelorMittal (Luxembourg) held the largest share of 10.2% of the flat steel market, owing to its global presence and high revenue generated by the company’s steel business. The company majorly focuses on the strategy of agreements & collaborations to strengthen its position in the flat steel market. In 2016, ArcelorMittal entered into various agreements to supply plates and hot rolled sheets to MSC Meraviglia (Malta, Valletta), Osman Gazi Bridge (Turkey), and Royal Caribbean Cruises Ltd. Moreover, it also has entered into various agreements in 2015 to supply sheets and plates to Volkswagen (Germany), Baltic Sea Wind Farm, and Açú Port (Brazil).


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