Market Leader - Chromatography Resin Market | (Expected To Reach USD 3.3 Billion By 2025, At A CAGR of 8.2%)

The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, and growing demand for disposable pre-packed columns will act as an opportunity for the market.

The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), and Repligen Corporation (US).

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Players in the chromatography resin market are mainly concentrating on new product launches, acquisition, and expansions to meet the growing demand for chromatography resin for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the chromatography resin market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Repligen Corporation, Bio-Rad Laboratories, Inc., Tosoh Corporation, and GE Healthcare have adopted new product launches to enhance their market position.

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Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen their product portfolio, the company is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies. This approach appears to be more sensitive than assays against a single immunoglobulin. Similarly, in October 2020, Repligen Corporation and Navigo Proteins GmbH announced their successful development of an affinity ligand targeting the spike protein to be utilized in the purification of COVID-19 vaccines.

The companies also adopted acquisition as a strategy to increase their share and market presence. For instance, in November 2020, Sartorius Stedim Biotech had successfully closed the acquisition of the Slovenian purification specialist BIA Separations. Similarly, In April 2020, Sartorius Stedim Biotech successfully closed the acquisition of selected life science businesses of Danaher Corporation as part of a broader transaction between Danaher and Sartorius Group.

In December 2020, Merck announced the broadening of its manufacturing footprint at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, USA. These sites supply essential products to customers developing lifesaving therapies, including Covid-19 vaccines, as well as furnishes products and services for biopharmaceutical manufacturing. These expansions will increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create approximately 700 new manufacturing positions.

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Attractive Opportunities In Modular Construction Market (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 Compound Annual Growth Rate (CAGR) of 5.75% during the forecast year. The construction industry witnessed a significant change with the introduction of prefabricated technology, as it allows building more structures with reduced time and cost, as compared to the conventional on-site construction method. The modular construction method offers the benefits of greater flexibility and reuse, quality control, cost savings, faster build times, and environmental benefits.

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The modular construction market has thousands of companies which thrive in their domestic market. A few of the major players are, Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Algeco Scotsman (UK), and Kleusberg GmbH (Germany). These players have adopted various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to increase their market shares and enhance their product portfolios.

Contracts, new projects, and agreements accounted for the largest share of all the strategic developments that took place in the modular construction market between 2017 and 2020. Key players such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany), Katerra (US), Bechtel Corporation (US), and Fluor Corporation (US) adopted these strategies enhance their market presence and strengthen their manufacturing and distribution capabilities in the modular construction industry.

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Laing O’Rourke is a global construction and engineering company. The company designs, constructs, funds, and maintains the built environment by providing the facilities to educate, accommodate, transport, employ, care for, and sustain communities. It owns a number of construction, manufacturing, engineering, and specialist service companies, which combine in order to provide its clients with comprehensive investment, development, as well as management capability. The company’s key services include building construction, engineering expertise, investment and development, infrastructure construction, modular manufacturing, and support services. Laing O’Rourke follows their 70:60:30 design for manufacturing assembly, where 70% of the construction is conducted offsite, leading to a 60% improvement in productivity, and a 30% improvement in the delivery schedule. Through its wide business portfolio, it serves numerous sectors comprising buildings, power, transport, water & utilities, oil & gas, and mining & natural resources.

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Red Sea Housing is a diversified organization offering affordable housing, industrial housing, and building material solutions to the world. It operates as a “Red Sea International Company” and comprises businesses of Red Sea Affordable Housing (RSAH), Red Sea Housing Services (RSHS), and Red Sea Building Materials (RSBM). Red Sea Housing Services is one of the most advanced and largest modular building solution provider throughout the Middle East & Africa, and Asia. The company operates through three business divisions: industrial housing, affordable housing, and building materials. Industrial housing involves supplying turnkey solutions in urban and remote places, worldwide. The affordable housing segment is engaged in producing modular building systems for customers in North Africa and the Middle East.

Red Sea’s building materials division complements the industrial housing products and is constantly growing by investing in new technologies. Its partnership with Sherwin Williams (US) has made the company the exclusive distributor of Sherwin William’s paint in the Middle East. The various sectors served by the company are infrastructure, government, building & construction, mining, defense, oil & gas, manufacturing, and hotels & hospitality.

A.S. Création Tapeten AG (Germany) And Muraspec Group (UK) Are The Leading Players In The Digitally Printed Wallpaper Market (By 2025)

Digitally printed wallpapers are produced through printing on nonwoven, vinyl, and paper substrates. Different substrates have different properties suitable for different end users such as professional painters, interior designers, home owners, industry owners, contractors, and art consultants. MarketsandMarkets projects that the digitally printed wallpaper market size is projected to grow from USD 2.9 billion in 2020 to USD 7.5 billion by 2025, at a compound annual growth rate (CAGR) of 21.1% from 2020 to 2025. The increasing disposable income of people in developing countries, Growing urbanization and rising residential spending and growing digital technology are presenting growth drivers for the digitally printed wallpaper market.

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Major companies such as . A.S. Création Tapeten AG (Germany), Muraspec Group (UK), Tapetenfabrik Gebr. Rasch GmbH & Co. KG (Germany), MX Display (UK), 4Walls (US) Flavor Paper (US), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US) and among others. These players have been focusing on developmental strategies, such as investment and new product launches which have helped them expand their businesses in untapped and potential markets.

A.S. Création Tapeten AG is one of the leading wallpaper manufacturers in Europe. Besides the production of wallpaper, the company also produces high-quality decorative fabrics through its wholly-owned subsidiary, Indes Fuggerhaus Textil GmbH. Création Tapeten AG’s marketing strategy is focused mainly on the end consumer and international marketability for the development of their products. For instance, at the January 2019, Heimtextil trade fair in Frankfurt, the company introduced their “Metropolitan Stories” wallpaper collection. This international collection transfers the way of life of European cities to wallpaper. The international focus of the collection led to an increase in revenue spread across many countries.

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Muraspec Decorative Solutions is a global manufacturer of residential and commercial wallcoverings, accessories, and decorative panels. Its extensive range of residential and commercial wallcoverings and other interior decoration products contributes to its strong product portfolio. Through its wide product portfolio, it caters to applications in hospitality, healthcare, office, retail, education, and marine. The company is adopting new product development as a growth strategy to strengthen its product portfolio and attract more customers. It launched various new wallcovering collections in 2019, such as Tweed, Sorrento, Novaro, Herringbone, Accord, and Cantari.

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Polyolefin Foam Market Worth $10.5 Billion By 2026 – Exclusive Research by MarketsandMarkets™

 The polyolefin foam market is projected to grow from USD 8.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 5.2% between 2021 and 2026. Growing demand from the automotive and packaging industry is likely to boost the polyolefin foam market.

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The key market players are BASF SE (Germany), JSP Corporation (Japan), Kaneka Corporation (Japan) Hanwha Total (South Korea). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021. This strategy strengthened their market position and increased their presence in emerging economies.

BASF SE is a diversified chemical company. The company has five business segments, namely functional materials & solutions, chemicals, performance products, agricultural solutions, and other. It offers EPP foam under the performance products segment. BASF SE has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. The company competes with JSP Corporation (Japan) and Kaneka Corporation (Japan).

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JSP Corporation is one of the leading manufacturers of plastic products based on foaming technology, which includes expanded polyethylene sheets, expanded polypropylene beads, and other proprietary products using extrusion foam and bead foam technologies. The company operates in three business segments: extrusion business, bead business, and others. Its products are used in the automotive, construction, civil engineering, packaging, and food packaging industries. The company has 10 subsidiaries in Japan, 28 subsidiaries in other countries, and 6 affiliates. It has a moderate coverage in North America and South America but has a weak presence in Europe and the Middle East & Africa. JSP Corporation offers EPP products under its bead business segments. These products are marketed under two leading brands, ARPRO, FOAMCORE, and STYRODIA. They are used in automotive, packaging, HVAC, consumer electronics, food packaging, construction, and civil engineering material applications.

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Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US) Are Leading Players In The Washed Silica Sand Market

The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast year. Washed silica sand refers to silica sand that undergoes a washing and rinsing process after mining. Salt, clay, and other powders and dust are washed out of the overall mixture. It often undergoes additional separating and classification into grain sizes or grit sizing. Washed silica sand comes in coarse, medium, fine, and ultra-fine granule sizes. Washed silica sand is used for various applications, such as glass, foundry, ceramic & refractories, filtration, abrasives, metallurgical silicon, and oil well cementing.

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The washed silica sand market has thousands of companies which thrive in their domestic market. A few of the major players are, Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), among others. These players have adopted various growth strategies, such as merger & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.

Merger & acquisition accounted for the largest share of all the strategic developments that took place in the washed silica sand market between 2017 and 2020. Key players such as U.S. Silica Holdings, Inc., and VRX Silica Limited adopted these strategies to enhance their business, market presence, and meet consumer demand.

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SCR- Sibelco NV is a global material solutions company. It provides specialty industrial minerals, particularly silica, clays, feldspathic sand, and olivine. The company operates different business segments, namely, Covia, Build Environment; Disposal Group Lime, Glass Solutions; Coating, Polymer & Chemical Solutions; and Water & Environment Solutions. Covia operates with 50 million tons of active production capacity. The company produces the crystalline forms of silica – quartz and cristobalite – as both sands and flours. For industrial use, pure deposits of silica capable of yielding products of at least 98% SiO2 are required. The company has three major silica sand production facilities worldwide. It has 114 production sites that are operating in 31 countries worldwide.

U.S. Silica Holdings, Inc. engages in the provision of commercial silica products. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The company operates in the US and Canada. It operates 23 production facilities in the US. It controls 489 million tons of reserves of commercial silica, which can be processed to make 197 million tons of finished products.

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Market Leader – Non-Woven Adhesives Market |At A CAGR of 8.5%

 The non-woven adhesives market size is estimated to be USD 2.3 billion in 2020 and is projected to reach USD 3.5 billion by 2025, at a CAGR of 8.5%, between 2020 and 2025. The key market driver is the growing usage of non-woven hygiene adhesives in baby care, feminine hygiene, and adult incontinence applications. Rising awareness for high-quality products and growing demand from APAC, the Middle East & Africa, and South America are also driving the market.

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The restraining factor for the growth of the non-woven hygiene adhesives market is stagnant growth in the baby diaper market in developed regions and volatility in raw material prices. Increased use of non-woven hygiene adhesives in applications such as baby care, feminine hygiene, and adult incontinence; and the emergence of new applications, including medical, bath tissues, and pet diapers in the emerging markets such as India, China, Brazil, Mexico, and Southeast Asian countries are likely to change the market dynamics during the forecast period.

The chemical industry is facing a challenge in terms of adhering to policies and standards implemented by various regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. The manufacturers in Europe and North America are following these regulations regarding the production and use of adhesives for various applications to reduce the emission of VOCs.

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North America and Europe are among the key markets for non-woven hygiene adhesives. The two regions collectively accounted for 54.8% of the overall non-woven hygiene adhesives market, in terms of value, in 2019. The European and North American markets are mature; however, the development of newer applications such as bath tissues and pet diapers in the regions is expected to drive the market at a considerably high rate. In APAC, South America, and the Middle East and Africa, the awareness for baby care, feminine hygiene, and adult incontinence products is the growth driver.

The key players in this market are Henkel AG (Germany), H.B. Fuller (US), Arkema (France), Moresco Corporation (Japan), Beardow Adams (Adhesives) Ltd. (UK), Lohmann- Koester GmbH & Co.KG (Germany), ADTEK Malaysia Sdn Bhd (Malaysia), Colquimica Adhesives (Portugal), Savare Specialty Adhesives (Italy), and Palmetto Adhesives Company, Inc. (US). These players have adopted organic growth strategies such as investment & expansion, merger & acquisition, and new product launch to increase their market shares. Key players of the market adopted these strategies from 2017 to 2020, which helped them expand their regional presence and strengthen their product offerings.

Henkel AG (Germany) is one of the leading manufacturers of non-woven adhesives. It holds a top position due to its strong product portfolio and the strategic developments undertaken by the company. Henkel also manufactures customized solutions based on specific industries and applications. It offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Moreover, Henkel has leveraged its strong financial background and distribution network to expand its business in China and the US. The company aims to promote sustainability in all the business activities, reinforcing its leading position in the market.

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• In February 2021, Henkel launched TECHNOMELT Supra ECO—a new range of hot melt adhesives, which provides greater sustainability and lower CO2 emissions, while the performance remains the same. With this new development, the company’s presence in the adhesives industry is expected to increase and cater to a broad range of applications.

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The Ultimate Revelation Of Luxury Vinyl Tiles (LVT) Flooring Market (At A CAGR of 11.7%)

The luxury vinyl tiles (LVT) flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.4 billion by 2024, recording a CAGR of 11.7% during the forecast period. The growth of the LVT flooring market is attributed to the high growth in the construction industry across regions. Factors such as the rise in the number of renovation & remodeling activities, increasing population & urbanization, and the high durability of LVT flooring is projected to drive its demand.

The LVT flooring market is dominated by leading key players such Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US). These players have adopted various growth strategies such as expansions, investments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market share and enhance their product portfolios.

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The new product development strategy accounted for the largest share of all the strategic developments that took place in the LVT flooring market between January 2015 and March 2019. Key players such as Forbo (Switzerland), Interface (US), and Gerflor (France) adopted these strategies to strengthen their product portfolios, expand their product portfolio, and enhance their growth prospects in the LVT flooring market.

Mohawk Industries is the leading flooring manufacturer, which primarily focuses on enhancing the residential and commercial spaces across the regions. The company offers a range of LVT flooring solutions through its various brands, namely, Mohawk, Quick-step, Pergo, Moduleo design floors, and IVC Resilient design. The company has its manufacturing facilities in 19 countries and provides an extensive range of soft and hard surface products for both residential and commercial applications in over 170 countries, with a strong foothold in the North American market. It also has a presence in the Asian, European, African, and South American markets.

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Tarkett’s leadership is based on its wide product portfolio and global rankings in all major types of floor coverings, excluding ceramics. Its focus toward delivering outstanding customer experience and the development of innovative solutions have contributed to its market position in the global LVT flooring industry. Strong global foothold and adoption of strategies such as acquisition & partnership have further helped the company to enhance its product portfolio and market presence. Its recent expansion of LVT production capacity in North America and Europe is projected to enhance its market position in the LVT flooring market in the coming years.

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Proppants Market Worth $12.1 Billion By 2025 | At A CAGR of 9.1%

The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025.

The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation ni proppants technologies and the growing natural gas demand to ensure energy security is driving the proppants market during the forecast period.

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Proppants is treated sand or engineered ceramic material, which is used to keep fractures propped open after the fracturing treatment. Different types of proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi. Proppants are injected into the wellbore along with water and additives with high-pressure intensity to make the fractures. They need to be permeable to gas under high pressure. Large mesh proppants have a greater permeability at low closure stresses, whereas small mesh proppants have greater permeability at high closure stresses. Proppants used in hydraulic fracturing have a direct impact on the cost of the oil & gas production output. The Proppants selection depends on the reservoir type, closure stress, depth, and stages of fracturing.

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The companies have initiated the following developments:

• In March 2020, COVIA completed the expansion of its Canoitas facility located in Mexico. The expansion will enable COVIA to add 350 tons of annual silica production capacity to support the growth of customers in Mexico.
• In March 2020, COVIA expanded the capacbilities of its facility in North America to serve coating & polymers end-markets and create a highly efficient modern facility and the project cost was approximately USD 45 million.
• In May 2019, Hi-Crush Inc. acquired Proppant Logistics LLC which owns Pronghorn Logistics LLC. The company provides end-to end logistic services for proppants.

In 2020, the proppants market declined by 27% in terms of volume, which was due to the oil price crash triggered by the COVID-19 pandemic. The unprecedented demand shock in the oil industry in 2020 led to a historic drop in the oil prices, as governments around the world closed down businesses, issued stay-at home mandates, and restricted travel. The proppants demand is estimated to recover in 2021 with the average oil price in 2021 expected to be above 50 USD/bbl.

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