Leading Market Leader - Foam Insulation Market | Global Forecast to 2021

The global foam insulation market is projected to grow at a CAGR of 4.95% from 2016 to 2021, in terms of value. The market is rapidly evolving with the major players contributing towards its development. Kingspan Group Plc. (Republic of Ireland), BASF SE (Germany), and Armacell International S.A. (Luxembourg) are some of the major players that led the market in 2015.

Expansion, acquisition, and new product launch were the key strategies adopted by major foam insulation manufacturers in the recent past. These strategies were adopted by the top players to strengthen their position in the market and to enhance their product portfolios.

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Kingspan Group Plc., BASF SE, and Armacell International S.A. accounted for the major share of the foam insulation market. These companies focused on acquisition and expansion strategies to strengthen their position in the foam insulation market. For instance, Kingspan Group Plc. acquired the Building Insulation Division of Pactiv LLC (U.S.) in August 2014. This acquisition helped the company strengthen its insulation business in North America to meet the growing demand for foam insulation products in the region.

BASF SE, a key player in the foam insulation market, focuses on new product launches to cater to the demand from end-use industries. In 2015, the company launched Styrodur 3000CS and Neopor. These products offer 15% and 20% better insulation, respectively, than the conventional insulation panels used in the building & construction end-use industry. The company is also focusing on expansion and acquisition strategies to meet the growing demand for foam insulation products from various end-use industries.

Armacell International S.A., another major market player, focuses on acquisitions and expansions to cater to the growing demand in the market. In October 2016, the company acquired PoliPex Ltda (Brazil), which helped strengthen its product portfolio in Latin America. The company also opened a production facility in Lobnya (Russia) in January 2016. This expansion has helped the company enhance its market position in the European region.

Leading market players have adopted different growth strategies to gain a competitive advantage in the market. The Asia-Pacific region leads the global foam insulation market due to the increasing demand for consumer appliances in the region, accompanied by the growing building & construction industry. Increasing population, urbanization, and the growing middle class with higher income are also factors driving the demand for foam insulation in the region.

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Increasing demand from end user segment is driving the growth of steel rebar market

Steel Rebar Market is projected to reach USD 154.08 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growing usage of steel rebar in infrastructure, housing, and industrial segments is fueling the growth of the steel rebar market. This growth is mainly attributed to the rise in demand for steel rebar from the construction industry.

The steel rebar market by end user has been classified into infrastructure, housing, and industrial segments. Infrastructure is the largest and fastest-growing segment, as steel rebar is widely used in infrastructure projects which include bridges, highways, dams, and stadia, among others.

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Infrastructure

Infrastructure is a major end user of steel rebar. This sector includes all projects of roads, highway and bridge construction, sewage systems, airports, and stadiums. The use of steel rebar increases the tensile strength of surrounding concrete structures in highway bridges and pillar structures. Nowadays, project contractors are using advanced steel rebar with galvanized coating to prevent from corrosion to be used in critical highway projects. The availability of such advanced steel rebar coating makes it one of the most durable products for infrastructural projects.

Housing

The housing sector is the second largest consumer of steel rebar in the world. This segment includes all major housing, real estate, schools, hospitals, and commercial shopping complexes. Steel rebar is an important constituent in these construction projects. Growing urbanization and migration of people from rural areas to urban cities are important factors driving the housing sector. This trend is expected to be prominent in emerging economies such India and China, which makes Asia-Pacific the largest region for housing segment of steel rebar. However, the demand for housing in developed countries is dependent on the credit growth and investment returns of the real estate sector. The Middle East & Africa is expected to be the fastest growing steel rebar market for housing due to the extensive demand from the housing segment, which includes residential complex, shopping malls, hospital, buildings, and other housing projects.

Industrial

The industrial segment includes all construction projects in the energy and power industry, water treatment plants, industrial warehouses, oil & gas construction, and telecommunication infrastructure. The demand for steel rebar in hydropower projects, industrial warehouses, and cold storage units are expected to be significant as compared to other end-use industries.

Key companies operating in the steel rebar market include ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS-Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), EVRAZ plc (U.K.), Sohar Steel LLC (Oman), Celsa Steel U.K. (U.K.), Kobe Steel Ltd. (Japan), Jiangsu Shagang Group (China), NJR Steel (South Africa), These players are engaged in the manufacture and supply of steel rebar and have a strong regional presence.

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High Speed Steels Market |New Revenue Pockets

The tool steel market is projected to reach USD 2.77 billion by 2021, at a CAGR of 5.3% between 2016 and 2021. The growing demand for tool steels to manufacture various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies, among others is driving the growth of the tool steels market, globally.

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Based on product type, the metal cutting tools segment of the tool steel market is expected to grow at the highest CAGR during the forecast period, 2016 to 2021. Tool steels are used to manufacture various types of tools, which include drills, reamers, taps, form turning tools, gear hobbing and gear shaping cutters, side and face mills, end mills, slab milling and straddle milling cutters, slitting saws, form milling cutters, and broaches, among others. The advantages of tool steels are their high strength to withstand cutting forces and low cost of the tools manufactured from tool steels. Emerging economies, such as Brazil, India, China, and South Africa are witnessing increased investments in the high-performance and high-quality machines. Tooling is an important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, form, drill, cut, shape, cut & cast, and determine the quality of the manufactured product. The demand for tool steel metal cutting tools would always continue from the manufacturing industries, thereby leading to the growth of the metal cutting tools segment of the tool steel market.

Based on end-use industry, the automotive industry segment is expected to lead the tool steel market during the forecast period. Tool steels have been effectively used in the automotive industry for a long period of time. Tools and components made from tool steels are used for metal cutting and metal forming processes. Molds made from tool steels are an integral part of the automotive industry. Tool steel based molds are used in the molding of plastics to form headlamps, tail lamps, and inner panels of automobiles. Tool steels are also used for manufacturing pumps, valves, injectors, turbochargers, inserts, pistons, valve needles, valve balls, and valve seats, among others. Automobile production across the globe has been increasing continuously. Growing automation in the automotive industry and rising demand for vehicles in the Asia-Pacific region, owing to improving economic conditions in the region, have boosted the demand for tool steels in the automotive industry.

The tool steel market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Continuously increasing production in the manufacturing sector to cater to the domestic requirements for high-quality products and rising number of export activities in the Asia-Pacific region are the factors leading towards increased demand for tool steels in the region. Moreover, increasing population and growing number of various end-use industries in the Asia-Pacific region have also led to innovations and developments in the field of tool steels, thereby fueling the growth of the Asia-Pacific tool steel market.

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The tool steel market is highly fragmented and competitive with the presence of a large number of prominent players, such as Hudson Tool Steel Corporation (U.S.), Sandvik Materials Technology AB (Sweden), Erasteel (France), Nachi-Fujikoshi Corporation (Japan), Daido Steel Co., Ltd. (Japan), Friedr. Lohmann GmbH (Germany), Kennametal Inc. (U.S.), Voestalpine AG (Austria), ArcelorMittal S.A. (Luxembourg), and ThyssenKrupp AG (Germany). These companies have adopted various strategies such as new product launches, expansions, joint ventures, and mergers & acquisitions to strengthen their position and increase their shares in the tool steel market.

Waste Heat Recovery System Market worth 65.87 Billion USD | CAGR of 6.90%

The market size of waste heat recovery (WHR) system was USD 44.14 billion in 2015 and is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The WHR system market is segmented on the basis of application, end-use industry, and region.

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The steam & electricity generation application segment accounted for the highest share of the overall WHR system market in 2015. The growing construction sector in various developing countries such as China and India is the major driver for WHR system in the region, which is backed by high demand for WHRS in the cement industry. The steam & electricity generation application is projected to register the highest CAGR from 2016 to 2021.

The demand for WHRS in the cement industry is projected to register the highest CAGR during the forecast period. The growing construction industry in Asia-Pacific and some parts of Africa and South America will drive the demand for WHRS in this industry. Growth in the construction sector of developing countries, such as China, India, and Indonesia, for social and education, healthcare, retail, and residential construction will also drive the need for WHRS in the cement industry.

Asia-Pacific is expected to be the fastest-growing WHR system market, followed by South America. Growing end-use industries in Asia-Pacific, accompanied by development of new technologies and products, is projected to make it an ideal destination for the WHR system market.

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Some of the major players operating in the WHR system market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). Most of the companies have adopted supply contract and agreements as their development strategies to sustain in the global market.

This research study also includes a detailed segmentation of the WHR system market based on application, end-use industry, and region. Apart from the market segmentation, this report also adopts the Porter’s Five Forces analysis for an in-depth analysis of the market dynamics such as drivers, restraints, and opportunities.

Asphalt Additive Market worth $6.3 billion | Global Forecast to 2029

The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

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The polymeric modifiers segment is projected to lead the asphalt additive market during the forecasting period.

Based on type, the polymeric modifier segment of asphalt additives market is projected to grow at the highest CAGR from 2019 to 2029. Polymeric modifiers are used throughout the world to improve the flexibility and durability of asphalt pavements. They are easy to use, and the raw materials used to make them are readily available, which makes them the most preferred type of asphalt additives.

Hot mix technology held the largest share of the global asphalt additives market

Based on technology, the hot mix technology is expected to lead the asphalt additives market in coming years. Hot mix asphalt is durable, resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to developments in the construction of new highways and expressways.

Recent Developments

• In FY 2018, Nouryon (Netherlands) invested USD 302.4 million in R&D activities to expand its product portfolio. In 2018, the company launched an asphalt additive Wetfix G400. This is an eco-friendly asphalt additive which can work with both, normal and polyphosphoric acid modified binders. This product finds application in construction and paving applications.
• In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer-Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals. The plant offers hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additive market.

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Market Leader - Cosmetic Pigments Market

Expansions and acquisitions is the key strategy adopted by the players to gain traction in the cosmetic pigments market. The strategy of expansions and acquisitions accounted for a share of 56.4% of the total growth strategies adopted by the market players between 2013 and 2017. Leading market players have also adopted the strategy of new product launches.

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Strategic initiatives between 2013 and 2017 were mostly undertaken in Asia Pacific, North America, and Europe. New product launches was the most adopted strategy in Asia Pacific and Europe; this strategy accounted for a share of 43.6% of all the expansions that took place between 2013 and 2017. Companies such as Sun Chemical (US), Sensient Cosmetic Technologies (France), Sudarshan Chemical (India), Merck Performance Materials (US), and BASF SE (Germany) made several expansions to serve customers efficiently and increase their market shares. These companies adopted both, organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to strengthen their foothold in the cosmetic pigments market.

Sun Chemical is a market leader in providing solutions for coatings, printing inks, pigments, polymers, liquid compounds, solid compound, and application materials. The company focuses on the organic growth strategy by innovating new products in its portfolio, which helps in enhancing the presence of the company in the cosmetic pigments market to gain a competitive advantage over other companies. For example, the company launched a new SunSHINE Mystic Black Pearlescent Pigment at in-cosmetics Latin America in 2016. The new pigment could be used to create bold formulations for lipsticks, mascara, eyeliner, eyeshadow, and nail polishes. This has helped the company to expand its product portfolio.

Sensient Cosmetic Technologies is a leading manufacturer and supplier of high-performance colorants and innovative ingredients for makeup, skin care, hair care, personal hygiene, oral care, and fragrance. The company has been expanding its production capacity and product line up. It is focusing on its organic pigment and surface treated pigment segments. For example, in 2014, the company announced the expansion of its current site in Saint Ouen L’Aumône, France. This expansion has helped the company to increase its production capacity, thus, improving the supply chain and dedicate more resources to its R & D to develop a global center of expertise for cosmetics.

Related Reports:

Cosmetic Pigments Market by Composition (Organic, Inorganic), Type (Special Effect, Surface Treated, Nano), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), and Region – Global Forecast to 2022

Polyamide 11 & 12- A high potential material for healthcare, aerospace & defence and others

 

The PA11 and PA12 market in 3D printing is forecasted based on two scenarios as its growth is primarily dependent on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth.

The PA11 and PA12 market in 3D printing is projected to reach USD 48.6 million by 2020, at a CAGR of 26.59% from 2015 to 2020, by scenario one and USD 85.1 million by 2020, at a CAGR of 41.2% from 2015 to 2020, by scenario two. The growth of the market can be attributed to the increasing demand for 3D printing applications from the end-user market for customized products.

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The key industries using PA11 and PA12 in 3D printing include healthcare, aerospace & defense, consumers, and others. Aerospace & defense industry demands precision for the design of customized parts to meet the requirements. Healthcare is another key sector where some grades of PA11 and PA12 have been used for medical applications such as prosthetics.

The recent developments by companies such as Airbus and NASA, where they have used 3D printing for manufacturing of specialized parts, signify the increasing importance of 3D printing technology. Automotive segment is a promising sector for PA11 and PA12 with increasing demand for customized vehicles. Several luxury car manufacturers in Europe and North America are using PA11 and PA12 for 3D printing for manufacturing customized parts. The growth of PA11 and PA12 in automotive sector is the key contributor for scenario two numbers. PA11 and PA12 also prove to be a perfect thermoplastic for laser sintering technology over others such as polylactic acid (PLA) and acrylonitrile butadiene styrene (ABS), which are yet to be developed as laser sintering materials.

The key grades of PA11 and PA12 that are used in laser sintering include glass filled, fire resistant, impact resistant, alumide, and many others. PA12 contributed the largest share to the PA11 and PA12 in 3D printing market owing to the presence of a large number of suppliers and an established distribution network with large number of grades available. PA11, which was developed by Arkema SA, is a bio–based polyamide and is emerging as 3D printing material. With increase in availability, PA11 is expected to register high growth between 2015 and 2020. PA12 is primarily petroleum–based; however, its bio-based version can be developed from palm oil. Key suppliers of bio-based and specialty grades of PA11 and PA12 as raw materials include Arkema SA, Evonik AG, Invista S.a.r.l, and others.

Germany, France, and Italy are the major PA 11 and PA12 markets in the European region for 3D printing, whereas the U.S. and Canada are the key countries in the North American PA11 and PA12 market. Asia-Pacific is the future potential market for PA11 and PA12 with several components manufacturers operational in the region. Furthermore, the presence of major emerging economies has made this region a favorable market for PA11 and PA12 in 3D printing. Companies such as EOS GmbH, Arkema SA, 3D systems, Stratasys, and Evonik AG have expanded in Asia-Pacific with a strategic vision to cater the end-user industries across the region. Other key players operational in Asia-Pacific include Golden Plastics and others.

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