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Floor Coatings Market – Growth, Trends, and Forecast (2019 – 2024)
| Chemical & Materials | Published by: Mordor Intelligence | Market: |
| 150 pages | Published: 17-06-2019 |
- Chemical & Materials
- Mordor Intelligence
- 150 pages
- Published: 17-06-2019
Market Overview
The market for floor coatings is expected to grow at a CAGR of 6.15 % during the forecast period of 2019–2024. One of the major factors driving the market studied is the number of increasing housing construction activities in the emerging economies of Asia-Pacific. There are strict regulations on VOCs released for floor coatings.
The demand for floor coatings from industrial coatings dominated the market in 2017 and is expected to grow during the forecast period, owing to the increasing demand from the chemical industry.
The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
Asia-Pacific dominated the market across the globe, with the largest consumption from China and India.
Key Market Trends
Demand for Concrete Floor Coatings to Boost the Market
Concrete has become one of the viable materials for flooring in modern houses. Presently, concrete flooring can be easily found in the polished, stained, or etched from, in houses.
In houses, concrete flooring finds application almost everywhere, including in the kitchen, bathroom, basement, entry, foyer, mudroom, bathroom, garage, etc.
Apart from residential applications, concrete is also widely used in commercial areas. For instance, in retail stores, offices, restaurants and bars, schools, churches, medical institutions, and industrial buildings.
Concrete flooring has certain benefits, such as unlimited designs and patterns, extreme durability, very low maintenance demand, stain resistance, etc.
Floor coatings serve as a sealer on the concrete. The application of coating helps avoid seepage, staining, and cracking of concrete.
Additionally, it reduces allergens by avoiding the growth of microorganisms, which may develop on the floor due to seepage or spillage.
Asia-Pacific to Dominate the Market
Asia-Pacific dominated the global market share in 2017. Increasing housing construction activities in the emerging economies of Asia-Pacific have also hugely contributed to the growth of the market studied. Despite volatile growth in the real estate sector, significant development of rail and road infrastructure by the Chinese government (in order to withstand demand from the growing industrial and service sectors) has resulted in the robust growth of the Chinese construction industry, in the recent years. As the construction industry is dominated by state-owned and private enterprises, increased government and private expenditure in this regard is pushing the industry toward global primacy. In recent years, the entry of major construction players from the European Union, in China, has further boosted the growth of this industry. The construction sector in India has been growing rapidly, with increased investment by the government. The Indian government’s ‘Housing for All by 2022’ is also a major game changer for the industry. A cumulative total of USD 24.67 billion in foreign direct investment was made toward construction activities (including townships, built-up infrastructure, and construction-development projects) in the country, between April 2000 and December 2017. Such factors are, in turn, boosting the demand for floor coatings in the region.
Competitive Landscape
The global floor coatings market is fragmented, with the top 10 players accounting for around one-third of the revenue share. The top companies in the market include Sika AG, The Sherwin-Williams Company, PPG Industries Inc., and AkzoNobel NV.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from the Power Industry
4.1.2 Increase in Demand for Desalination Activity
4.1.3 Increase in Demand from the Chemical Industry
4.2 Restraints
4.2.1 Stagnant Industrial Growth in Developed Countries
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Regulatory Policy Analysis
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Epoxy
5.1.2 Polyaspartics
5.1.3 Acrylic
5.1.4 Polyurethane
5.1.5 Other Product Types
5.2 Floor Material
5.2.1 Wood
5.2.2 Concrete
5.2.3 Other Floor Materials (Stone, Granite, Tiles)
5.3 Coatings Component
5.3.1 One-component (1K)
5.3.2 Two-component (2K)
5.3.3 Three-component (3K)
5.3.4 Other Components (4K, 5K, etc.)
5.4 End-user Industry
5.4.1 Residential
5.4.1.1 Indoor
5.4.1.2 Outdoor
5.4.2 Commercial
5.4.2.1 Parking Lots
5.4.2.2 Retail Outlets
5.4.2.3 Warehouses
5.4.2.4 Other Commercial Industries
5.4.3 Industrial
5.4.3.1 Chemical Industry
5.4.3.2 Food and Beverage Industry
5.4.3.3 Other Industries
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Australia & New Zealand
5.5.1.6 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 US
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.2.4 Rest of North America
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 UK
5.5.3.3 Italy
5.5.3.4 France
5.5.3.5 Russia
5.5.3.6 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle East & Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Nobel NV
6.4.2 ArmorPoxy
6.4.3 Asian Paints PPG Pvt Ltd
6.4.4 BASF SE
6.4.5 Epoxy-Coat
6.4.6 Henkel AG & Co. KGaA
6.4.7 Jotun
6.4.8 Kansai Nerolac Paints Limited
6.4.9 LATICRETE International Inc.
6.4.10 Mapei
6.4.11 Maris Polymers
6.4.12 NIPSEA Group (Nippon Paint)
6.4.13 PPG Industries Inc.
6.4.14 RPM International Inc. (Flocrete)
6.4.15 Sika AG
6.4.16 StoCretec GmbH
6.4.17 Tambour
6.4.18 Teknos Group
6.4.19 The Sherwin-Williams Company
6.4.20 Tikkurila Oyj
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Popularity of Eco-friendly Bio-based Floor Coatings
7.2 Promising Performance of Polyaspartic Coatings
MARKET SEGMENTATION
Product Type
Epoxy
Polyaspartics
Acrylic
Polyurethane
Other Product Types
Floor Material
Wood
Concrete
Other Floor Materials (Stone, Granite, Tiles)
Coatings Component
One-component (1K)
Two-component (2K)
Three-component (3K)
Other Components (4K, 5K, etc.)
End-user Industry
Residential
Indoor
Outdoor
Commercial
Parking Lots
Retail Outlets
Warehouses
Other Commercial Industries
Industrial
Chemical Industry
Food and Beverage Industry
Other Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Hot-melt Adhesives Market – Growth, Trends, and Forecast (2019 – 2024)
| Chemical & Materials | Published by: Mordor Intelligence | Market: |
| 165 pages | Published: 17-06-2019 |
- Chemical & Materials
- Mordor Intelligence
- 165 pages
- Published: 17-06-2019
Market Overview
The market for hot-melt adhesives is expected to grow at a CAGR of 6.31%, during the forecast period of 2019–2024. Major factors driving the market studied are the increasing demand from the automotive and packaging industries in Asia-Pacific and the rising environmental concerns regarding solvent-borne adhesives. Volatility in the availability and price of raw materials are forcing internal substitutions, which is expected to hinder the growth of the market studied.
The ethylene vinyl acetate segment dominated the market in 2017 and is expected to grow during the forecast period, owing to the increasing demand from the paper, board, and packaging industry, across the globe.
The adoption of bio-based hot-melt adhesives is likely to act as an opportunity in the future.
Asia-Pacific dominated the market across the globe, with the largest consumption from countries such as China, India, and Japan.
Key Market Trends
Increasing Demand from the Paper, Board and Packaging Industry
An extremely high proportion of all industrial products are sold in packaging – either due to stability requirements for storage and transport or for aesthetic reasons. Hot-melt adhesives are mainstream adhesives in the paper, board, and packaging industry. They are most widely used for carton closing, sealing, and pallet stabilization.
Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores.
Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials laminated together.
The most crucial market for hot-melt adhesives has been packaging. The production of tapes and labels has been experiencing immense growth. The improvement in living standards and higher incomes, especially in developing countries, have increased the demand for a broad range of products, all of which require packaging. Moreover, the growing market for e-commerce and online purchasing is providing huge support and opportunities to the hot-melt adhesives market.
Hot-melt adhesives are an excellent solution for carton closing, sealing, and pallet stabilization for food, beverages, and other consumer and industrial products. PUR hot-melts offer stronger adhesion and cure better than traditional hot-melts, which make it a prudent choice in the growing industrial packaging industry.
In addition, these adhesives are also available in clear versions, making it easy to hide any glue lines, to give an appearance of continuity in the material. The high visibility makes the clear box and folding carton packaging more attractive to consumers.
These adhesives can bond small cartons to heavy wrap-around cases. The adhesive is perfect for packaging in various industries. Perfumes, cosmetics, and beauty products are customarily packaged in transparent cases. PU hot-melt adhesives are used to seal packages, in order to ensure a clear application, and help in dispensing a perfect end product.
The food packaging industry is improving while coinciding with environmental protection measures, and high-speed and fully-automated equipment. The PUR hot-melt sealing process is expected to gradually replace conventional bundled packaging and tape packaging, owing to its excellent binding force, good quality, and beautiful appearance.
Most of the demand for packaging is from the food and beverage industry. On the other hand, healthcare products are the largest users of folding cartons. These end-user segments are likely to boost the demand for PU hot-melt adhesives in the coming years.
Some of the major manufacturing companies for packaging applications of hot-melt adhesives include 3M, Arkema, Henkel, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd, DowDuPont Inc., etc.
Asia-Pacific Region to Dominate the Market
Asia-Pacific dominated the global market in 2017. With growing packaging and healthcare industries in countries like China, India, Japan, and South Korea, the consumption of hot-melt adhesives is increasing in the region. In 2017, the annual GDP growth rate in China grew from 6.7%, to reach 6.9%. The GDP is further expected to record similar growth in 2018 and in the years to come. The demand for hot-melt adhesives from the automotive sector is growing at a high rate. China is by far the largest automotive manufacturer in the world, since 2009, with the current share of production at over 29%. In 2017, the Chinese automotive industry recorded a growth of 3.19% and reached a total of 29,015,434 units. Globally, China has the largest defense spending in the world, after the United States. The country is planning to boost its military spending by more than 8% in 2019, with the aim to further advance its armed forces. The defense expenditure in China was over USD 174.5 billion in 2018. Such positive growth in the defense budget is likely to increase the usage of hot-melt adhesives in the defense industry, throughout the forecast period. Henkel AG & Co. KGaA, 3M Company, AICA ASIA Pacific Holding Pte Ltd, Paramelt BV, Jowat AG, and Sika AG are some of the major hot-melt adhesive manufacturers in the country. Healthcare has become one of India’s largest sectors, in terms of revenue and employment. The industry is growing at a rapid pace, owing to increasing expenditure by both the government and private players. The increase in the number of tourists arriving in the country to seek medical facilities has boosted the healthcare sector. This has increased the demand for hot-melt adhesives in the country from the sector. The demand is expected to further increase from this sector during the forecast period. The aforementioned factors, coupled with government support, are contributing to the increasing demand for hot-melt adhesives consumption in the region during the forecast period.
Competitive Landscape
The global hot-melt adhesives market is highly concentrated, with the top ten players accounting for approximately 50% of the market share in 2017. The major companies include DowDuPont, Henkel AG & Co. KGaA, 3M, Sika AG, and Arkema Group (Bostik SA).
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Automotive and Packaging Industries in Asia-Pacific
4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
4.2 Restraints
4.2.1 Volatility in the Availability and Price of Raw Materials, Forcing Internal Substitutions
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Resin Type
5.1.1 Thermoplastic Polyurethane
5.1.2 Ethylene Vinyl Acetate
5.1.3 Styrenic-butadiene Copolymers
5.1.4 Polyolefins
5.1.5 Polyamide
5.1.6 Other Resin Types
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Paper, Board, and Packaging
5.2.3 Woodworking and Joinery
5.2.4 Transportation
5.2.5 Footwear and Leather
5.2.6 Healthcare (including Hygiene Products)
5.2.7 Electronics
5.2.8 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 US
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.2.4 Rest of North America
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 UK
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Alfa International Corporation
6.4.3 Arkema Group (Bostik SA)
6.4.4 Ashland Inc.
6.4.5 Avery Dennison Corp.
6.4.6 Sika AG
6.4.7 DowDuPont
6.4.8 Dymax
6.4.9 AICA ASIA Pacific Holding Pte Ltd
6.4.10 HB Fuller Co.
6.4.11 Henkel AG & Co. KGaA
6.4.12 Hexcel Corporation
6.4.13 Yokohama Industries Americas Inc.
6.4.14 Huntsman Corporation
6.4.15 Jowat SE
6.4.16 Mactac
6.4.17 Mapei SpA
6.4.18 Paramelt BV
6.4.19 Pidilite Industries Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Adoption of Bio-based Hot-melt Adhesives
7.2 Innovative Product Developments to Gain Competitive Edge
MARKET SEGMENTATION
Resin Type
Thermoplastic Polyurethane
Ethylene Vinyl Acetate
Styrenic-butadiene Copolymers
Polyolefins
Polyamide
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Transportation
Footwear and Leather
Healthcare (including Hygiene Products)
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa
Europe, Middle East & Africa Hot-melt Adhesives Market – Growth, Trends, and Forecast (2019 – 2024)
| Chemical & Materials | Published by: Mordor Intelligence | Market: |
| 140 pages | Published: 17-06-2019 |
- Chemical & Materials
- Mordor Intelligence
- 140 pages
- Published: 17-06-2019
Market Overview
The Europe, Middle-East & Africa hot-melt adhesives market is expected to witness a healthy growth, at an estimated CAGR of 5.95%, during the forecast period (2019-2024). The major factors driving the market studied are the increasing demand from the automotive and packaging industries and rising environmental concerns regarding solvent-borne adhesives. Volatility in the availability and price of raw materials is forcing internal substitutions and is expected to significantly hinder the growth of the market studied.
In 2017, ethylene vinyl acetate segment was estimated to have the largest share, with about 55 % of the Europe, Middle-East & Africa hot-melt adhesives market (in terms of revenue).
The healthcare industry is expected to witness the fastest CAGR in the market, of 6.35%, during the forecast period.
The adoption of bio-based hot-melt adhesives is likely to act as an opportunity for the market’s growth in the future.
Key Market Trends
Increasing Demand from the Footwear and Leather Industry
Hot-melt adhesives are used for bonding the flat soles of running shoes, edge folding, and shoe upper bonding, among others. The ease with which they can be applied makes hot-melt adhesives extremely attractive to footwear manufacturers.
They find applications in shoe manufacturing and leatherwork, making sports equipment, apparel, accessories, etc.
Moreover, properties, such as excellent bond strength, and resistance to temperature and weather conditions, provided by these adhesives are important requirements for the footwear segment. The water resistance offered by hot-melt adhesives helps in its application in creating waterproof bonds between linings and insoles.
The European footwear industry is expected to display moderate growth, due to increased demand for sports footwear, sports equipment, and apparel (made up of leather). Along with this, the growing demand for more comfort, new models, and lifestyle trends, among others, are contributing to the demand in the footwear industry.
Countries, such as Germany and France, are expected to witness moderate growth in the demand for PUR hot-melt adhesives used for footwear purposes, while the United Kingdom is expected to exhibit positive growth, owing to the consistently rising footwear expenditure in the country.
Germany to Dominate the Market
Germany dominated the Europe, Middle East & Africa market in 2017. In 2017, the German automotive industry recorded a turnover of over EUR 400 billion, which was about 20% of the total revenue generated by the German industry. In Europe, Germany accounts for 30% of total passenger car manufacturing, and 20% of all new car registrations. 21 of the world’s top 100 automotive suppliers are German companies.
Automotive production in the country has been declining over the past few years, due to the high cost and shifting of production to countries like China. Moreover, sales have also been growing at a slow pace. However, there is still a significant demand from the automotive aftermarket, which is expected to contribute to the consumption of hot-melt adhesives during the forecast period.
The application of hot-melt adhesives in car seats, cables in the roof li0ner, bonding door sill protectors, anchor plates, emblems, and other plastic parts, etc., is expected to create an increased demand for these adhesives, with the simultaneous growth of the automotive industry.
In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 350 billion, excluding fitness and wellness. With demographic changes and digitalization, the country has been investing in mobile healthcare facilities, which have provided a platform for the further expansion of the German healthcare sector.
Hence, with the growth of the automotive, healthcare, construction and building, and other sectors in the country, the demand for hot-melt adhesives is expected to witness growth in the country in the upcoming years.
Competitive Landscape
The Europe, Middle East & Africa hot-melt adhesives market is a fragmented market, with numerous global and local players operating in the market. Major players in the market include Arkema Group (Bostik SA), Jowat SE, Sika AG, HB Fuller Co., and Henkel AG & Co. KGaA, among others
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Automotive and Packaging Industries
4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
4.2 Restraints
4.2.1 Volatility in the Availability and Price of Raw Materials, Forcing Internal Substitutions
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Resin Type
5.1.1 Polyolefins
5.1.2 Polyamide
5.1.3 Thermoplastic Polyurethane
5.1.4 Ethylene Vinyl Acetate
5.1.5 Styrenic-butadiene Copolymers
5.1.6 Other Resin Types
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Paper, Board, and Packaging
5.2.3 Transportation
5.2.4 Woodworking and Joinery
5.2.5 Footwear and Leather
5.2.6 Healthcare
5.2.7 Electrical and Electronics
5.2.8 Other End-user Industries
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 UK
5.3.1.3 Italy
5.3.1.4 France
5.3.1.5 Spain
5.3.1.6 Rest of Europe
5.3.2 Middle East & Africa
5.3.2.1 Saudi Arabia
5.3.2.2 South Africa
5.3.2.3 United Arab Emirates
5.3.2.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Alfa International Corporation
6.4.3 Arkema Group (Bostik SA)
6.4.4 Ashland Inc.
6.4.5 Avery Dennison Corp.
6.4.6 DowDuPont
6.4.7 Dymax Corporation
6.4.8 Franklin International
6.4.9 HB Fuller Company
6.4.10 Henkel AG & Co. KGaA
6.4.11 Hexcel Corporation
6.4.12 Hexion Inc.
6.4.13 Huntsman Corp.
6.4.14 Jowat SE
6.4.15 LORD Corp.
6.4.16 Mactac
6.4.17 Mapei SpA
6.4.18 Master Bond
6.4.19 Paramelt B
6.4.20 Pidilite Industries Ltd
6.4.21 Sika AG
6.4.22 Yokohama Industries
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Adoption of Bio-based Hot-melt Adhesives
7.2 Innovative Product Development to Gain Competitive Edge
MARKET SEGMENTATION
Resin Type
Polyolefins
Polyamide
Thermoplastic Polyurethane
Ethylene Vinyl Acetate
Styrenic-butadiene Copolymers
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East & Africa
Intelligent Motor Control Center Market – Growth, Trends, and Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 17-06-2019 |
- Automation
- Mordor Intelligence
- 100 pages
- Published: 17-06-2019
Market Overview
The Global Intelligent Motor Control Center market was valued at USD 1.67 billion in 2018 and is expected to reach a value of USD 2.885 billion by 2024, at a CAGR of 9.39%, over the forecast period of (2019-2024). IMCCs offer many advantages to the users, as they combine hardware, software, and communication systems. Piles of data generated by PLCs and motor starters are collected and analyzed to minimize the equipment downtime of the motors.
With the rising labor costs and high competition market, which lead to low-profit margin for companies, the need for high-efficiency motors with improved control and automated systems has increased considerably.
The impact on IMCCs, due to advancements in technology, made its components (electromechanical relays, circuit breakers, electronic devices, such as variable frequency drives) more robust, and in turn, increased the robustness of the IMCCs. The lifecycle of an IMCC is more than 20 years, which tremendously reduces the replacement rate of equipment. Even in case of product defects, end users are likely to replace only the faulty components rather than the entire equipment, which results in depletion of revenues in the market.
Automation is a growing trend that is witnessed across various industries. High labor costs and high competitive rivalry have triggered the demand for automated systems in the processes. Automated systems are replacing manual labor in various industrial processes.
Scope of the Report
A motor control center (MCC) is an assembly of one or more enclosed sections having a shared power bus, and principally containing motor control units. In other words, MCCs are a factory assembly of several motor starters. Network communication challenges and technological advancements have revealed the need to integrate three primary system components: hardware, communications, and software. Next-generation, integrated, intelligent motor control centers (IMCCs) were introduced to match these growing demands.
Key Market Trends
Automotive End-User to Account for Significant Share
IMCC finds applications in the manufacturing plants of automotive and other transport vehicles, such as ships and railway carriages. IMCC demand in vehicle manufacturing is expected to increase at a steady pace, particularly in Germany, United States, and Japan, owing to the presence of a robust automotive manufacturing sector and higher penetration of industrial automation.
Organisation Internationale des Constructeurs d’Automobiles (OICA) reported that the total number of cars produced in 2016 amounted to 94,976,569 units. The growing demand for automobiles is expected to continue over and beyond the forecast period, which will, in turn, create a demand for effective manufacturing equipment and technologies.
Automakers like Toyota, Mazda, BMW, etc. are expanding their operations across North America, and Asian regions can be potential buyers of IMCC over the forecast period.
North America to Account for Major Share
The North American market is a relatively mature market, but still presents ample opportunities for the implementation of new technologies, such as IMCC. The Energy Information Administration (EIA) estimated that nearly half of the electricity used by the US manufacturers was for operating machinery, of which machine drives (motors) consumed the most.
Such estimates determine the need for efficient motor control systems. Connected manufacturing units in the region support the adoption of IMCC, as a better alternative for reduced energy consumption. The oil & gas industry is expected to be the most prominent end-user in the North American market
IMCCs are predominantly used in the renewable energy industry. Tax incentives have been implemented to encourage the growth of wind energy in the region. In 2016, the wind workforce grew by about 32% emphasizing the growth of this form, in energy production
The US Energy Information Administration estimated that in 2017, the chemical industry was the largest industrial consumer of energy. The chemical industry, along with refining and mining industry, accounted for about 58% of the total US industrial sector energy. Such statistics indicate the scope for the adoption of IMCC, in order to reduce energy consumption.
It is estimated that about 77% of the energy generated in Canada is from renewable energy sources and nuclear energy combined. This percentage is expected to grow over the coming years, owing to the environmental regulations against the use of fossil fuels. The extensive use of electrical enclosures in hydraulic and solar grids is expected to drive the market forward in this region.
Competitive Landscape
With the existing companies shifting from MCCs to IMCCs, and with the growing demand for intelligent motor control centers, companies are competing on a large scale. As this is a fragmented market, competitive rivalry is very high, with newer companies trying to tap the niche areas of the market.
Some of the key players in the Intelligent Motor Control Center Market are ABB, Schindler electric, Seimens. Some of the key developments in the Intelligent Motor Control Center Market are as follows:
Rockwell Automaton added five new members to its Machine Safety System Integrator program. Created in 2014, the program helps industrial companies identify system integrators with current safety standards expertise and a proven track record in designing safety systems.
GE Power’s Grid Solutions business has launched in India a first-of-its-kind Advanced Distribution Management Solution (ADMS) in collaboration with Tata Power Delhi Distribution (Tata Power – DDL), a pioneer in India’s power distribution landscape. The newly launched ADMS, which will facilitate advanced monitoring, analysis and improved control and planning operations, will help Tata Power-DDL to enhance the reliability, safety, and efficiency of Delhi’s distribution network.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Level of Industrial Automation
4.3.2 Wide Range of Benefits Offered by Intelligent MCCs over Traditional MCCs
4.3.3 Increased Focus on Developing an Efficient Manufacturing/Production Processes
4.4 Market Restraints
4.4.1 Costlier Product Implementation due to Hidden Costs in Equipment Installation
4.4.2 Increase in the Use of Switchgears in Medium-voltage Segment
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Operating Voltage
5.1.1 Low-voltage Intelligent MCCs
5.1.2 Medium-voltage Intelligent MCCs
5.2 By End-user Industry
5.2.1 Automotive
5.2.2 Chemicals/Petrochemicals
5.2.3 Food and Beverage
5.2.4 Mining and Metals
5.2.5 Pulp and Paper
5.2.6 Power Generation
5.2.7 Oil and Gas
5.2.8 Other End-user Industries (Cement Manufacturing, Wastewater Management)
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Rockwell Automation Inc.
6.1.2 Eaton Corporation
6.1.3 Schneider Electric SE
6.1.4 ABB Limited
6.1.5 Siemens AG
6.1.6 Larson & Turbo Limited
6.1.7 General Electric Co.
6.1.8 Technical Control Systems Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Operating Voltage
Low-voltage Intelligent MCCs
Medium-voltage Intelligent MCCs
By End-user Industry
Automotive
Chemicals/Petrochemicals
Food and Beverage
Mining and Metals
Pulp and Paper
Power Generation
Oil and Gas
Other End-user Industries (Cement Manufacturing, Wastewater Management)
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Security Analytics Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 17-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 17-06-2019
Market Overview
Global Security Analytics Market was valued at USD 2.92 billion in 2018 and is expected to reach USD 5.4 billion in 2024 with a CAGR of 10.7%, during the forecast period (2019-2024). The rapid growth of the internet has resulted in an exponential increase in the type and frequency of cyber attacks. Although many well-known cybersecurity solutions are utilized to counteract these attacks, the generation of Big Data over computer networks is rapidly rendering these traditional solutions obsolete.
The increased pervasiveness of data breaches and the higher volume of impacted records are resulting in far higher costs for organizations of all sizes. According to ISF, an independent and not-for-profit association of leading organizations from around the world, the number, magnitude, and costs of data breaches are all set to continue on their upward trajectories in 2019.
While day-to-day cyber threats continue to increase at an exponential rate, CISOs (Chief Information Security Officer) are most concerned over the rise of targeted and advanced malware enabled attacks such as Advanced Persistent Threats (APTs).
According to statistics from IBM and Ponemon Institute, the cost of a breach in the United States estimated at USD 7.35 million or nearly double the USD 3.62 million it cost globally. As a result, organizations are increasingly concentrating on threat hunting as a preventive measure.
Scope of the Report
Security analytics is the process of using data collection, aggregation, and analysis tools for security monitoring and threat detection. Security analytics data can be collected in several ways, including Network traffic. Endpoint and user behavior data.
Key Market Trends
Network Security Analytics to Account for Significant Share
Network security applications are the largest source of demand for security analytics solutions globally. Security analysis, unlike other more well-behaved problem domains, does not naturally lend itself to statistical analysis. In most of the cases, programmers do not have the basic data that enable them to fabricate an accurate analytical engine.
Further, given the tendency of attackers to constantly adapt to changes, makes fabrication of network security analytics solutions an almost impossible task to the programmers. Also, In recent times, there have been many cases of network and web-app security failures that brought catastrophic damage to several large enterprises and governments globally.
Further, as the traditional network security analytics solutions based on the Bayesian probability theory, that states it’s possible to predict with high accuracy the likelihood of something happening by capturing every element of a problem and calculates possible outcomes mathematically, are being replaced with machine learning algorithms, due to this network security analytics solutions are getting more reliable.
Bayesian models have domain conceptual alignment and ability to reason on incomplete data, while machine learning has the sheer power and ability to cope with massive quantities of data required by modern networks, that are spreading beyond traditional applications.
North America to Account for Major Share
The Kaspersky Lab 2018 B2B Survey indicated that in North America, the average cost of a data breach for an enterprise reached USD 1.6 million (up 23% from USD 1.3 million in 2017) on average.
North America is the most expensive location for any small- and medium-scale business (SMB) to suffer a data breach compared to other regions. SMBs in the United States and Canada have the highest recovery cost, at USD 149 thousand on average (up 27% from USD 117 thousand in 2017).
End-user industries in the region have been pioneers and early adopters of analytics solution to remain ahead of competitions in other regions. This has helped enterprises and SMBs create huge databases and infrastructure to support the use of security analytics in a proactive measure.
Companies, such as Cylance Inc., the leading provider of AI-driven, prevention-first security solutions, and Securonix, a provider of SIEM and user and entity behavioral analytics, operating in North America in security analytics, announced a partnership to support the interoperability of CylancePROTECT with the new release of the Securonix Security Analytics Platform indicating the emerging trend towards cloud solution in security analytics.
Competitive Landscape
The network security market comprises of several global and regional players, with the presence of technology and networking giants such as IBM and McAfee.This market is characterized by growing levels of product penetration, moderate product differentiation and high levels of competition.
Although the market poses high barriers to entry for new players, several new entrants have been able to gain traction in the market. The firm-concentration ratio is expected to further increase over the forecast period, due to the emergence of security firms, which are looking at this market as a lucrative opportunity to consolidate their offering.
Some key players in Security Analytics Market are, Arbor Networks Inc, RSA Security LLC (RSA), Cisco. Some of the key developments in Security Analytics Market are as follows:
Ensono entered into a partnership with Alert Logic to deliver continuous monitoring, threat detection and response for Ensono’s managed Amazon Web Services (AWS) clients. Ensono will leverage Alert’s managed security service offering built on Alert Logic Cloud Defender suite to deliver increased security and compliance protection for clients’ data, workloads, and applications based on AWS.
NetScout Systems Inc. announced that the company will be exhibiting its suite of service assurance and security solutions at the Black Hat USA in Las Vegas. The company will be conducting live product demonstrations of the award-winning enterprise tools, technology, and software solutions.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Level of Sophistication of Threats And Security Breaches
4.3.2 Rise in IoT and BYOD Trend
4.4 Market Restraints
4.4.1 Lack of Data Integration and Connectivity
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Network Security Analytics
5.1.2 Application Security Analytics
5.1.3 Web Security Analytics
5.1.4 Endpoint Security Analytics
5.2 By End-user Industry
5.2.1 Healthcare
5.2.2 Defense and Security
5.2.3 Banking and Financial Services
5.2.4 Telecomm and IT
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alert Logic Inc.
6.1.2 Arbor Networks Inc.
6.1.3 Symantec Corporation
6.1.4 Cisco Systems Inc.
6.1.5 RSA Security LLC
6.1.6 Hewlett-Packard Enterprise
6.1.7 IBM Corporation
6.1.8 Logrhythm, Inc.
6.1.9 Fireeye, Inc.
6.1.10 Splunk Inc.
6.1.11 Fortinet Inc.
6.1.12 McAfee LLC
6.1.13 Micro Focus International Plc
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Network Security Analytics
Application Security Analytics
Web Security Analytics
Endpoint Security Analytics
By End-user Industry
Healthcare
Defense and Security
Banking and Financial Services
Telecomm and IT
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Non Destructive Testing (NDT) in Aerospace & Defense Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 17-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 17-06-2019
Market Overview
The Non-destructive Testing Market was valued at USD 2340 million in 2018 and is expected to register a CAGR of 10.3% during the forecast period (2019-2024), to reach USD 4250 million by 2024. The major drivers for growth in the NDT market include increasing investments in the aerospace & defense sector, increasing the complexity of machines and structures that need continual evaluation for maintaining structural integrity, and government safety regulations mandating the use of NDT techniques for gaining clearances.
The global aerospace and defense (A&D) industry is set to grow in 2018, with total revenues in the aerospace sector estimated to grow at more than 3%. The global A&D industry revenue in the past was largely impacted by decreased revenues in the United States (US) Aerospace & Defense sector.
Over the last few years, there has been an incremental rise in the demand for skilled NDT technicians across the world. However, the demand currently outweighs supply, due to a plethora of reasons.
There are several opportunities for growth, such as large-scale aerospace projects in the Asia-Pacific and European regions and the increasing need for advanced and automated NDT solutions, which are expected to contribute to the growth of the market studied in the future.
Scope of the Report
Nondestructive testing is a wide group of analysis techniques used in science and technology industry to evaluate the properties of a material, component or system without causing damage.
Key Market Trends
Radiography Testing Technology to Account for the Largest Share
Radiography is one of the versatile testing methods in nondestructive testing, which is used for the detection of surface and subsurface features in welded parts and castings. Radiography employs highly penetrating X-rays produced by X-ray tube, gamma rays by a radioactive isotope, and other forms of radiation for testing without causing any damage to the product.
It enables product reliability, providing the information to prevent accidents and saves lives in industries. It is also used for corrosion mapping, detection of blockages inside sealed equipment, testing of semiconductor devices for cracks, broken wires, unsoldered connections, detection of reinforcing the material in concrete slabs and measuring bulk density of materials.
The use of computed radiography in the aerospace & defense industry provides significant cost savings when compared to other testing methods as it eliminates the external costs. As economic justification is a major criterion for any testing method, the radiography testing range in size from microminiature electronic parts to massive missile components used in the aerospace & defense industry.
Europe to Account for Significant Share
The European aerospace and defense industry is mainly dominated by the United Kingdom, France, Germany, and Italy, while Russia is also a large player in the international market landscape.
In 2016, the UK aerospace production output is observed to be grown by 39% since 2011, with annual turnover reaching nearly USD 43 billion.
Exports generate nearly 90% of aerospace turnover. The sector achieved exports of nearly USD 37.41 billion in 2016 and looked for success in overseas markets to drive further growth, and there are few uncertainties are expected with the exit from the European Union.
The United Kingdom is investing money in new Joint Force 2025, comprising of a Land Force of 112,000 equipped with digital armored vehicles, an Air Group upgraded with more Typhoons and fifth generation F35s; and a Maritime Task Group made up of destroyers, frigates, and two mighty carriers – claimed to be the most powerful ships ever built in Britain.
France and its manufacturers are driving a significant number of hi-tech projects, including the forthcoming nEUROn European military drone, Airbus’s E-Fan ˗˗ the first all-electric aircraft designed for initial pilot training, and the LEAP engine made from composite materials manufactured by Safran Aircraft Engines and GE, which have already received large numbers of orders.
German companies were involved in the production of all of those aircraft. Around 300 aircraft were finished in Germany – this is equivalent to 17% of the total number of international aircraft production.
The activities of Russian civil aviation at the present stage are conditioned by factors such as unstable post-crisis stabilization of the country’s economy, continuing uncertainty in the development of international transport markets, both on regular and charter (primarily resort) routes.
Also, with the defense industry being highly uncertain of the coming years, the overall consumption of NDT in the country is expected to slow down over the coming years.
Competitive Landscape
The competitive rivalry between various firms within the market is dependent on the competition (price, product or market share), and the intensity with which they compete in the market.
In the NDT equipment market, incumbents such as GE, YXLON International, and Olympus hold the largest market shares. They have a strong influence on the market in terms of their R&D and consolidation activities.
The exit barriers in this market are due to the high costs involved in operations. Firm concentration ratio has been forecasted to grow steadily over the reporting period•However, these firms have greater access to funds and R&D operations.
As stated earlier, there has been a growing trend of forwarding the integration of operations by market players in a bid to capture more value within the market. Some of the key players in Non-Destructive Testing (NDT) in Aerospace & Defense Market are Olympus, Nikon, GE.
Some of the key developments in Non-Destructive Testing (NDT) in Aerospace & Defense Market are as follows:
Mistras Group acquired Semiray Inspection Services, which is an NDT service provider based out of Phoenix, Arizona. Semiray operates in the aerospace, military, electronics, and commercial manufacturing industries. The company is NADCAP-accredited and holds approvals from various aerospace manufacturers, like Boeing, General Electric, Honeywell, Lockheed Martin, etc. The acquisition strengthens MISTRAS’ presence in the southwestern United States.
The company boosted the production capacity for interchangeable lenses in response to a growing demand for mirrorless digital cameras equipment, especially in the Non-Destructive Testing Market. The company is expected to approve additional production facilities that will be set up at the Taiwan.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Investments in Aerospace & Defense
4.3.2 Increasing Complexity of Machine and Infrastructure
4.4 Market Restraints
4.4.1 Lack Of Technical Workforce
4.4.2 Relative Lack of Awareness
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Service
5.1.2 Equipment
5.2 By Technology
5.2.1 Radiography Testing
5.2.2 Ultrasonic Testing
5.2.3 Magnetic Particle Testing and Electromagnetic Testing
5.2.4 Liquid Penetrant Testing
5.2.5 Visual Inspection
5.2.6 Eddy Current
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Mistras Group
6.1.2 Fujifilm NDT Systems
6.1.3 GE Measurement and Control
6.1.4 NikonMetrology Inc.
6.1.5 Magnaflux Corporation
6.1.6 Olympus Corporation
6.1.7 SGS Group
6.1.8 Intertek Group PLC
6.1.9 Applus Services, S.A.
6.1.10 Yxlon International GmbH
6.1.11 Team, Inc.
6.1.12 Tüv Rheinland Ag
6.1.13 Gould-Bass Co.
6.1.14 FLIR Systems, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Service
Equipment
By Technology
Radiography Testing
Ultrasonic Testing
Magnetic Particle Testing and Electromagnetic Testing
Liquid Penetrant Testing
Visual Inspection
Eddy Current
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa