Chemical: March 2021

Thursday, March 25, 2021

Caprolactam Market worth $17.7 billion by 2027 | Rising Demand Growth Trend Insights for Next 5 Years

The report "Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Consumer Goods, Industrial & Machinery, Wire & Cable), Films), Region - Global Forecast to 2027", The caprolactam market is expected to grow from USD 13.1 billion in 2018 to USD 17.7 billion by 2027, at a CAGR of 3.2% during the forecast period. The major factors driving the caprolactam market include the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies.

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♦ Recent Developments

In May 2018, Aquafil and Genomatica announced the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks.

In February 2018, Aquafil signed an agreement with INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers, and fibers, to acquire certain tangible and intangible assets related to INVISTA’s nylon 6 business activity in APAC. This will accelerate Aquafil’s investment program in APAC, which has the highest potential, in terms of demand growth for synthetic fibers.

♦ Key Questions Addressed by the Report

Who are the major market players in the Caprolactam market?
What are the regional growth trends and the largest revenue-generating regions for the Caprolactam market?
Which are the significant regions for different industries that are projected to witness remarkable growth for the Caprolactam market?
What are the major types of Caprolactam that are projected to gain maximum market revenue and share during the forecast period?
Which is the major application where Caprolactam are used that will be accounting for the majority of the revenue over the forecast period?

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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
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Monday, March 22, 2021

Modular Construction Market Worth $108.8 Billion By 2025 - Rising Demand Growth Trend Insights for Next 5 Years

The report “Modular Construction Market by Type (Permanent, Relocatable), Material (Steel, Concrete, Wood), Modules, End-Use (Residential, Retail & Commercial, Education, Healthcare, Office, Hospitality), and Region - Global Forecast to 2025”, The global modular construction market size is projected to grow from USD 82.3 billion in 2020 to USD 108.8 billion by 2025, at a CAGR of 5.75% from 2020 to 2025. The growth of this market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives. Increase in population and rapid urbanization (translating to a large number of new construction projects) offer opportunities for the growth of the modular construction market. However, factors such as lack of awareness and volatility in transportation charges may inhibit the growth of the market.

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Recent Developments

In June 2020, Algeco Group strengthened its Nordic presence by announcing the acquisition of Wexus Group AS (Norway) from Norvestor Equity AS and other shareholders. Wexus is a leading provider of high-quality modular building solutions in the Nordic region. Headquartered in Norway, Wexus also has operations in Sweden and a modern production facility in Estonia. Wexus operates a fleet of 1,600 units, had 110 employees and revenues of USD 33.6 million in FY2019.
In December 2019, Fluor announced that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. fabrication yard in Zhuhai, China, safely completed the entire module program for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait. To achieve this, COOEC-Fluor delivered 188 modules in 20 separate shipments with a combined weight of 65,000 metric tons. In addition, the yard fabricated more than 95,000 pipe spools of carbon, alloy, and stainless steel pipe, which will be installed by the project team at the site.
In October 2019, ATCO Structures & Logistics opened a custom-built manufacturing plant and hire yard facility on the Gold Coast, Queensland. The state-of-the-art factory is the latest in a series of new and modern ATCO facilities, including plants in Perth and Santiago, Chile…

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Key Questions Addressed by the Report:

What are the global trends in the modular construction market? Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different end-use sectors of modular construction?
Where will the strategic developments take the industry in the mid to long-term?
What are the upcoming industry applications and trends for modular construction?
Who are the major players in the modular construction market globally?

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Thursday, March 4, 2021

What Will The 3D Concrete Printing Industry Be Like In The Next 5 Years?

The report "3D Concrete Printing Market by Offering (Printing Services, Materials), Technique (Extrusion-based, Powder-based), End-use sector (Building, Infrastructure) and Region (Americas, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The 3D concrete printing market is estimated to grow from USD 1.2 million in 2018 to USD 1,480.5 million by 2023, at a CAGR of 317.3%. The market is projected to witness exponential growth in the next few years due to the rise in demand for complex structures at affordable rates, rapid urbanization, and rise in demand for new construction projects across regions. The potential of 3D concrete printing technology in terms of mass customization and enhanced architectural flexibility, and its sustainable nature are some of the key factors that are expected to propel the growth of the 3D concrete printing market.

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The building sector is estimated to dominate the market, in terms of value, through 2023.

The building sector dominated the market in 2017 and this trend is projected to continue through 2023, as a result of the rise in demand for affordable homes and growing trend toward the development of complex building structures. The demand for new construction projects has increased steadily in the recent past and is expected to further increase in the coming years, owing to the rapid urbanization and the rising population. These factors are expected to fuel the demand for 3D concrete printing in the building sector.

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The Middle Eastern market for 3D concrete printing is projected to grow at the highest CAGR from 2018 to 2023.

The Middle East is projected to be the fastest-growing market for 3D concrete printing during the forecast period. The growth in the region can be attributed to the supportive government initiatives such as “Dubai 3D Printing Strategy” and the demand for affordable houses within the region. The UAE is projected to grow at the highest CAGR in the Middle Eastern 3D concrete printing market during the forecast period. The Asia Pacific market is projected to grow at the second-highest CAGR between 2018 and 2023.

♦ Leading Key Players -

The key players operating in the 3D concrete printing market include Winsun (China), XtreeE (France), Monolite UK (UK), Apis Cor (Russia), CSP s.r.l. (Italy), CyBe Construction (Netherlands), and Sika (Switzerland). These players possess enhanced 3D concrete printing capabilities and focus on creating awareness about this dynamic technology. New projects, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by key players operating in the 3D concrete printing market.

Tuesday, March 2, 2021

Thin Wall Packaging Market: Rising Demand, Growth, Trend, and Insights for Next 5 Years

The study involved four major activities to estimate the current market size for thin wall packaging products. Exhaustive secondary research was done to collect information on the market, peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments. The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a CAGR of 4.64%. Rising demand for packaged food coupled with a growing preference for customer-friendly and lightweight packaging and cost-effectiveness drive the demand for thin wall packages.

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♦ Recent Developments -

In August 2018, Amcor Limited announced to acquire Bemis Company, Inc. (US), under which Amcor would acquire Bemis in an all-stock combination. The transaction is expected to be valued at USD 6.8 billion and is expected to close by the first quarter of 2019. This transaction is aimed at increasing the R&D capabilities and expanding its geographical presence to cater to the demand for sustainable packaging. Under this transaction, Amcor’s shareholders would own 71%, while Bemis’ shareholders would own 29% of the combined company.
In November 2017, RPC Superfos introduced an innovative spoon-in-the-lid solution for yogurts, desserts, and other dairy products. This lid is especially useful for consumers who eat on-the-go.
In June 2017, RPC Group acquired Astrapak (South Africa), a key manufacturer of molded and thermoformed plastic packaging catering to the African market. This acquisition was aimed to increase RPC Group’s presence in the thin wall packaging market.

On the basis of application, the thin wall packaging market has been categorized as follows:

Food
Beverages
Others (pharmaceuticals, cosmetics & personal care, and industrial)

On the basis of region, the thin wall packaging market has been categorized as follows:

North America
Europe
Asia Pacific
Middle East & Africa
South America

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The Asia Pacific thin wall packaging market is projected to register the highest CAGR during the forecast period

The Asia Pacific is projected to be the fastest-growing region in the thin wall packaging market, in terms of value. Key factors such as industrialization, growth in middle-class population, the rise in disposable income, ease of convenient & visible packaging, and the rise in demand for sustainable packed products, especially in the food & beverage sector, are expected to drive the demand for thin-wall packaging in the Asia Pacific during the forecast period. Europe is projected to lead the market, in terms of demand, through the forecast period owing to improvements in the regional economy, the rise in the consumption of packaged food products, growing food service packaging sector, and the rising number of retail chains.