Market Leader - Isobutyl Stearate Market

Isobutyl Stearate (IBS) is an ester which is primarily used in metalworking, personal care, and other industrial activities. It is also used to improve the lubricity of different metals such as, copper, steel, and aluminum. The major companies operating in the global isobutyl stearate market are, Emery Oleochemicals (Malaysia), Oleon NV (Belgium), Faci S.p.A. (Italy), A&A Fratelli Parodi Spa (Italy), Industrial Química Lasem, SA (Spain), Hangzhou DayangChem Co.,Limited (China), and Mosselman S.a. (Belgium).

Some of the important strategies adopted by the key companies to strengthen their positions in the market are, new product launches, acquisitions, and capacity expansions. These companies are also investing in R&D activities to broaden their product portfolios and their positions in the isobutyl stearate esters market.

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Emery Oleochemicals (Malaysia), is the one of the major producers of isobutyl stearate. This company is a leading supplier of isobutyl stearate esters, used in metalworking, personal care, and other industrial activities. The company is actively focusing on strategic developments. For instance, in 2016, the company has announced the launch of dicarboxylic acid corrosion inhibitors under the brand EMEROX 1199. The company in 2015, in order to expand its capacity in bio-lubricants, completed a new project by establishing its Technical Development Centre at Cincinnati. The company has recently (in 2016) received the Certified Biobased Product Label from the United States Department of Agriculture (USDA) to increase its product portfolio with six products under the EMEROX range of renewable-based polyols.

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Oleon NV (Belgium) is a major player in the European region. The company has a broad product portfolio of isobutyl stearate esters which are used in metalworking, personal care, and other industrial applications. The isobutyl stearate esters produced by Oleon NV, are used as lubricity improvers for steel, copper, and aluminium rolling, and are also used for cutting, grinding, and drilling operations. The company is focusing on the development of the applications of isobutyl stearate. For instance, in 2016, Oleon NV launched a new brand JOLEE, under its health and beauty segment. In 2014, the company, with its partner United Plantations Bhd, commenced a new food emulsifier factory in Malaysia. This is operative under a 50:50 joint venture, UniOleon Sdn Bhd. The factory will produce food oleo-derivative products and is expected to strengthen the company’s presence in the bakery and confectionery industry.




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Expansions and Agreements, Partnerships & Joint Ventures are the Key Development Strategies Adopted by the Leading Market Players to Drive the Carbon Fiber Market

Carbon fiber is a long, thin strand of material made from carbon; the carbon content is greater than 90% for standard modulus carbon and almost 100% for high modulus carbon fiber. Carbon fibers are used in various industries for aircraft & spacecraft parts, bicycle frames, golf shafts, badminton rackets, automobile springs, sailboat mats, automotive structural parts, and various other parts. The carbon fiber market is projected to reach USD 8.00 Billion by 2026, growing at a CAGR of 10.8%, from 2016 to 2026.

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The major manufacturers profiled in this report are, Toray Industries, Inc. (Japan), Hexcel Corporation (U.S.), SGL Group (Germany), Teijin Ltd. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), DowAksa (Turkey), and Hyosung (Korea). These companies have adopted various organic and inorganic growth strategies such as, expansions and agreements, partnerships & joint ventures to strengthen their global presence and increase their penetration into the global carbon fiber market.

Carbon Fiber Market worth 8.00 Billion USD by 2026

The key companies offering carbon fiber are mainly involved in expansions and agreements, partnership & joint ventures to strengthen their positions in the carbon fiber market. Expansions was the key strategy adopted and had a share of 39.66% of all the growth strategies adopted by leading companies between 2011 to 2016. This strategy helped the companies to expand their presence in other regions and to cater to the increasing demand for carbon fiber from end-user industries. Companies also adopted the agreements, partnerships and joint ventures strategies to expand their product reach globally and take advantage of each other’s competencies to compete in the market. This strategy accounted for 22.41% of all the growth strategies adopted by the leading players.

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Toray Industries, Inc. (Japan) and SGL Group (Germany) were the major players that undertook the maximum number of growth strategies between 2012 and 2016 in the carbon fiber market. Toray Industries, Inc. is one of the leading companies and the largest contributors to the growth of the global carbon fiber market. It accounted for the largest share of all the development activities undertaken in the global carbon fiber market between 2012 and 2016. The company serves various industries including, aerospace & defense, automotive, electronics, and infrastructure. As a part of its growth strategy, the company focuses on expansions to meet the requirements of end-use industries globally. For instance, Toray subsidiary Carbon Magic Co., Ltd. (Thailand) recently expanded its production capacity with the opening of a new facility which will manufacture Carbon Fiber Reinforced Plastic (CFRP) parts.




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Some of the Major Market Players are, AkzoNobel N.V. (Netherlands), PPG industries, Inc. (U.S.), RPM International Inc. (U.S), in the Construction Repaint Market

The global construction repaint market is projected to reach USD 93.72 Billion by 2026, at a CAGR of 6.5% from 2016 to 2026. The market is driven by the requirement of the repaint for aging paints in existing buildings, and the increased demand for repair & maintenance in the construction sector such as, residential and non-residential buildings including infrastructure, oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing.

Expansions was the key strategy adopted by the major players to achieve growth in the global construction repaint market between 2012 and 2016. This strategy accounted for the major share of all development strategies adopted from 2012 to 2016. Some of the major market players are, AkzoNobel N.V. (Netherlands), PPG industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc. (U.S), Asian Paints Ltd. (India), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), and Axalta Coating Systems (U.S), among others.

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In November 2016, Nippon Paint Holdings Co., Ltd. invested USD 582.4 thousand for the production of 80 kilotons per annum of water-based paint. This expansion will enhance the production capacity of the company, thereby catering to the increasing demand for waterborne paints. The company also increased its production of building paints by investing USD 284 Million in China, in July 2016. This expansion is helping the company to cater to the increasing demand for inorganic paints in the region. In April 2016, AkzoNobel N.V. started the production of decorative paints at its manufacturing facility worth USD 55.4 Million in China. The expansion is helping the company to cater to the growing demand for paints in China and other Asia-Pacific region countries.

Besides expansions, new product launches, mergers & acquisitions, and joint ventures are the other key strategies adopted by market players to enhance their market shares and expand their geographical reach.

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In April 2016, PPG Industries, under its brand, HOMAX, launched two new water-based aerosol ceiling textures for orange-peel and knockdown repair projects. This new product would help decrease the time taken to repair ceilings. It would also provide the company a competitive advantage over others. Strategies, including, expansions, acquisitions, and new product launches have been adopted by the company between 2014 and 2016. This has resulted in enhancing the global reach as well as the product portfolio of the company.

In August 2015, Nippon Paint Holdings Co., Ltd. launched a new antivirus and antibacterial paint, Nippon VirusGuard Paint. The company is involved in several repaint projects and seminars in addition to the adoption of strategies such as, new product launches, expansions, and mergers & acquisitions.




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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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