Top 10 High Growth Composite Materials Market Industry

Investment & expansions were the key development strategies adopted by the leading market players to achieve growth in the top 10 high growth composite materials market

Top 10 composite materials are used in various applications, namely, aerospace & defense, transportation, marine, and sports goods. The growth of the composites market can be attributed to the high demand from end-use applications.

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The key players in the top 10 high growth composite materials market are Hexcel Corporation (U.S.), Hexion Inc. (U.S.), Strongwell Corporation (U.S.), Toray Industries Inc. (Japan), Teijin Limited (Japan), DAIB Group (Sweden), Celanese Corporation (U.S.), and IDI Composites (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares. Capacity expansions, product launches, and agreements, joint ventures & partnerships are the major strategies adopted by the market players to achieve growth in the market. The key companies offering composites are involved in investment & expansions to strengthen their position in the top 10 high growth composite materials market. Companies such as Huntsman Corporation (U.S.), Hexion Inc. (U.S.), Toray Industries (Japan) adopted this strategy. Companies also adopted the strategy of partnership, joint venture & agreements, in order to expand their composite product reach globally and take advantage of each-others competencies to compete in the market.

Toray Industries Inc. focuses mainly on acquisitions, agreements, expansions, and new product developments to tap the growing demand and expand its market globally. In September 2015, the company acquired 55% of Delta Tech S.p.A. (Italy) which produces and supplies high-quality prepreg and carbon fiber for automobile applications. This acquisition helped the company to increase the sale of carbon fibers for luxury cars.

Hexcel Corporation (U.S.) is a global manufacturer of composites, core materials, and prepregs. The company recently launched new composite material at JEC world 2016. The company showcased nacelle inner fixed structure (IFS) for Airbus A320neo. This material is manufactured by Aircelle using Hexcel’s HexPly 8552 slit tape prepreg, reinforced with HexTow AS4 carbon fiber. The company manufacturers products to be specifically used for components in commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, and industrial/recreational applications. Hexcel Corporation established a new manufacturing facility in Casablanca, Morocco in January 2016. This facility was established with a view to cater to the increasing demand for core structure, which involves the production of honeycomb materials. This approach by the company was aimed to target the aerospace industry providing secondary structures of aircraft, nacelles, and helicopter blades. In 2012 the company signed a distribution agreement with Sikorsky Aircraft (U.S.) to supply HexWeb honeycomb materials.

Delta Group produces and supplies high-quality prepreg and process carbon fiber for automobile applications.

Aerospace & defense and transportation application segments are expected to play a key role in the growth of top 10 high growth composite material market

Asia-Pacific is projected to be the fastest-growing region for the top 10 high growth composite materials market, during the forecast period. The growing demand for composites, emission control policies, and introduction of environmental-friendly products, have led to innovations in the region. This is consequently expected to fuel the growth of the market in the region. North America is the second-largest consumer of composites, after its recovery from the economic recession of 2008–2009, as the rise in expenditure on non-residential constructions has led to increased demand for composites in the region.

The top 10 high growth composite materials market is dominated by the aerospace & defense, transportation, wind energy, and electrical & electronics applications. The demand for lightweight composite material is driven by increasing demand for fuel efficiency and lightweight components. The primary benefits that composite materials offer are reduced weight and greater assembly simplification, as compared to traditional materials, such as steel, aluminum, and titanium, in the manufacturing of aircraft.

The injection molding segment is projected to witness highest growth during the forecast period. The high growth of the segment can be attributed to the use of the process to manufacture various transportation and electrical & electronics parts, which are major applications of composites. The injection molding process offers products that provide creep resistance, good strength to weight ratio, and thermal insulation.

Thermosetting resins are widely used in various composites, as they have excellent resistance to solvents and corrosives and are resistant to high temperatures. Glass fibers are the most common reinforcement used in automotive, electronics & electricals, and boats & marine applications to replace heavy metal parts.

Asia-Pacific dominated the top 10 high growth composite materials market, due to the presence of growing economies, such as China and India. China led the market in Asia-Pacific, owing to the growth in the transportation and construction industries in the country.

The key players in the top 10 high growth composite materials market are Hexcel Corporation (U.S.), Hexion Inc. (U.S.), Owens Corning (U.S.), Strongwell Corporation (U.S.), Toray Industries Inc. (Japan), Teijin Limited (Japan), DAIB Group (Sweden), and Celanese Corporation (U.S.).

Top 10 Advanced Materials & Technologies Market Industry - Revenue Pockets & Market Leader

The market for top 10 advanced materials & technologies in electronics includes products such as G. fast chipset, quantum dots, flexible battery, silicon carbide in semiconductor devices, graphene, 3D IC & 2.5D IC packaging, organic electronics, carbon nanotubes, smart glasses, and biochips. Its superior performance drives the demand for these products as compared to the existing products and its wide range of end-use applications. 

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G. fast Chipset is estimated to be the fastest-growing technology in the electronics domain. It is projected to grow at a CAGR of 135.4% from 2016 to 2021, to reach USD 2.97 billion by 2021. Factors such as the growth of 4K TV, rising demand for ultrafast broadband services, supportive government policies to meet national broadband plans, lower cost of deployment, and increased competition among the broadband service providers in developed countries are expected fuel this technology. Some of the key G.fast chipset providers are Broadcom Corporation (U.S.), Qualcomm, Inc. (U.S.), Sckipio Technologies SI Ltd. (Israel), and Metanoia Communications, Inc. (Taiwan).

Quantum dots which is often called artificial atom are semiconductors that are on the nanometer scale is the fastest-growing material in electronics domain. In 2015, the total market size of quantum dots was USD 404.5 million in 2016; and is expected to reach USD 7.68 billion by 2021, at a CAGR of 63.4% from 2016 to 2021. The major driver for the quantum dots are increased consumer preferences for mobility and growing demand for quantum dots with superior performance and resolution quality. However, slow adoption of this technology due to lack of awareness, and availability of low cost technologies act as restraints for the growth of this market.

Flexible battery is the third-highest growing product among the advanced materials & technologies in electronics market. The flexible battery segment is estimated to grow at a CAGR of 44.9% CAGR from 2016 to 2021, to reach USD 615.4 million by 2021. Flexible battery has various features, such as flexibility, temperature stability, are safe, and have longer shelf life. These batteries provide the strength to boost the market for miniaturization in wearable and healthcare devices, and they also help increase the scope of application. Factors such as the growing demand for wearable electronics, rising demand for thin and flexible batteries in electronic devices, and increasing miniaturization of electronic products propels the growth of the market.

The top 10 advanced materials & technologies in electronics market is rapidly growing, with the major market players playing a crucial role in the development of the market. The market is led by players such as Broadcom Ltd. (U.S.), STMicroelectronics N.V. (Switzerland), Toshiba Corporation (Japan), Samsung Electronics Co., Ltd., (South Korea), and Taiwan Semiconductor Manufacturing Company Limited (Taiwan).

The growth of the market was influenced by both organic & inorganic strategies such as partnerships, agreements & collaborations, new product launches, product development, investments and expansions during the period, 2011 to 2016.  Some of the companies who adopted these strategies are Broadcom Ltd. (U.S.), STMicroelectronics N.V. (Switzerland), Toshiba Corporation (Japan), and Samsung Electronics Co., Ltd., (South Korea). These strategies have helped them strengthen their shares in the emerging markets.

STMicroelectronics N.V. (Switzerland) designs, develops, manufactures, and markets a wide range of semiconductor integrated circuits and discrete devices. The company is focusing on developing its market presence in material & technology market through new product launches, product developments, partnerships, agreements, and collaborations. In 2015, the company launched the EnFilm thin-film batteries. In 2014, the company developed 1200V silicon carbide based MOSFETs (Metal-Oxide-Semiconductor Field Effect Transistor) for the applications in climate control devices and solar inverters. The company collaborated with Circuits Multi Projects (France) and service organizations in ICs and MEMS, to make THELMA MEMS manufacturing processes available to universities, research labs, and design firms for prototyping.

Samsung Electronics Co., Ltd., (South Korea) along with its subsidiaries operates in the following business divisions: consumer electronics (CE), information technology and mobile communications (IM), semiconductor, and display. The company adopted strategies such as expansion, partnership agreement, product development and new product launches to gain a competitive advantage in the market. In 2015, the company started the mass production of 256-gigabit (Gb), three-dimensional (3D) Vertical NAND (V-NAND) flash memory based on 48 layers of 3-bit multilevel-cell (MLC) arrays.

Toshiba Corporation (Japan) adopted strategies such as product development, acquisitions expansions, and new product launch. In 2016, the company expanded its Yokkaichi Operations in Mie, Japan, for the production of BiCS FLASH, its proprietary 3D flash memory. In 2014, the company developed wireless power receiver IC for mobile equipment- TC7763WBG. It also developed TransferJet-Compatible 3D-Integrated Ultra-Small Module and Ultra-Thin FPC Coupler in 2014.

Waterproofing Membranes: New Product Launch is the Key Strategy Adopted by Leading Players

Waterproofing Membranes Market Finds Major Applications in the Building & Construction and Waste & Water Management Industries

Waterproofing membranes finds major applications in the building & construction and waste & water management industries including roofing & walls, building structures, liners, mining, and water & waste water treatment. Waterproofing membranes offer various advantages, such as environmental sustainability needs & energy savings, lightweight, durability, recyclability, easy installation, superior heat resistance characteristics, increased flexibility, and excellent environmental resistance characteristics. This market intelligence report on the waterproofing membranes market by type, application, and region in terms of both value and volume.

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Increasing government investments for improved infrastructure are leading to an increase in the demand for waterproofing membranes. This has encouraged companies to adopt strategies, such as new product launches, expansions, and agreements & contracts. Some of the major players are Carlisle Companies Inc. (U.S.), Firestone Building Products Company, LLC (U.S.), Soprema Group (France), and GSE Environmental (U.S.).

New product launches, expansions, and agreements & contracts were the key strategies adopted by the industry players to achieve growth in the waterproofing membranes market between 2012 and 2016. Besides new product launches and expansions, the companies have adopted joint ventures and acquisitions to expand their market share and distribution network. These strategies also accounted for a significant share of all the growth strategies adopted by the players in the waterproofing membranes market between 2012 and 2016.

Most active players in the waterproofing membranes market

SIKA AG (Switzerland) manufactures waterproofing membranes, for supplying it to the waterproofing system/technology manufacturers. The company offers its waterproofing products through its waterproofing market segment. It provides various products & systems to the waterproofing membrane industry which includes waterproofing basement and other concrete structures, waterproofing tunnels, pond pool and tank lining, waterproofing bridge decks, drinking & clean water storage, waterproofing wet rooms, and waterproofing balconies. The company follows strategies including expansions and acquisition to increase its global market share. It maintains a strong brand image in the waterproofing membranes market, as it provides high-quality products. In 2016, Sika AG (Switzerland) has expanded its position in the Middle East by establishing a new national subsidiary in Kuwait. This is its 94th subsidiary globally that has strengthened its growth strategy, for expanding the Group's presence to 100 national subsidiaries by 2018.

Carlisle Companies Inc. (U.S.) is one of the largest innovation-driven companies, the company is mainly into new product launches, acquisitions, and expansions as a business strategy to increase their revenues. Factors considered by the company in making an acquisition include consolidation opportunities, technology, customer dispersion, operating capabilities, and growth potential. This segment competes with various competitors that produce roofing, insulation, and waterproofing products for commercial and residential applications. The level of competition within the waterproofing membrane market varies by product line. In 2016, Carlisle Coatings & Waterproofing (U.S.) launched a re-engineered blindside waterproofing systems, having twice the puncture resistance of more rigid HDPE systems. This technology is a combination of MiraPLY-H with SeamLOCK and is a 70-mil thick, self-adhering blindside waterproofing system designed for under-slab applications.

Apart from the above-mentioned market players, Firestone Building Products Company, LLC (U.S.), Soprema Group (France), GSE Environmental (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Johns Manville (U.S.), and GAF Materials Corporation (U.S.) are active in the market.

Growth in the Elastomeric Coating Market in Upcoming Years !

Investments & Expansions and New Product Launches Were the Key Strategies Adopted by the Industry Players in Order to Achieve Growth in the Elastomeric Coating Market

The elastomeric coating market is dominated by regional players, along with the presence of few global players, in the key growth markets. North America is the largest market in the global elastomeric coating industry.

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The major companies operating in the global elastomeric coating market are BASF SE (Germany), Henry (U.S.), Dow Corning Corporation (U.S.), Progressive Painting Inc. (U.S.), Sherwin Williams (U.S.), Clariant Chemicals (Switzerland), PPG Industries (U.S.), Nippon Paints (Japan), Jotun A/S (Norway), Rodda Paints (U.S.), and others.

Investments & expansions and new product launches were the key strategies adopted by the industry players in order to achieve growth in the elastomeric coating market. These strategies accounted for about 47% and 33% share, respectively, of all growth strategies adopted by the market players. Rising demand for elastomeric coating and high growth in the construction industry in developing countries have encouraged companies to adopt these strategies.

The key players are focusing on entering new markets by launching technologically advanced and innovative elastomeric coating and resins for different technologies systems. The Dow Chemical Company (U.S.), Nippon Paints (Japan), and Rodda Paints (U.S.) are some of the leading market players that adopted this strategy in order to develop their business.

Besides new product launches and investments & expansions, companies adopted the strategies of joint ventures, partnerships, contracts, and agreements and mergers & acquisitions in order to expand their market share and distribution network. These two strategies accounted for a share of about 13% and 7% of the total number of growth strategies adopted by the players in the elastomeric coating market between 2011 and 2016.

In 2014, Dow Construction Chemicals (DCC), a business unit of The Dow Chemical Company, launched a new high performance, 100% acrylic re-dispersible powder, DLP-500. Due to this, Dow entered a new market with dry acrylic powder that is designed specifically for Exterior Insulation Finish Systems (EIFS) and stucco finishes.

Jotun (Norway) opened its regional research and development (R&D) facility in China. The new R&D facility is focused on the creation and development of products for coatings and paint.

Also, in 2012, Jotun (U.S.) opened its regional research and development (R&D) facility in China. The new R&D facility is focused on the creation and development of products for coatings and paint.

In 2014, Sherwin-Williams (U.S.) formed a joint venture to launch Premier Paints Company in Saudi Arabia. This joint venture, between Sherwin-Williams and Red Sea Housing Services Company (Saudi Arabia), launched Premier Paints Company, which will serve customers in the architectural, energy, and construction sectors in the region.

Future Trends of Concrete Repair Mortars Market - Global Forecast to 2021

The Concrete Repair Mortar is used to bring back the Architectural Shape of the Old Structure and to Resume All the Functional Work Quickly

Concrete repair mortars are generally used in the repair and maintenance of the old and deteriorated buildings & infrastructures. The concrete repair mortar is used to bring back the architectural shape of the old structure and to resume all the functional work quickly. The global concrete repair mortar market size is expected to reach USD 2.62 Billion, by 2021, registering a CAGR of 7.67%, between 2016 and 2021. Growing trend of public–private partnership in developed countries and increasing spending on infrastructure repair & maintenance are the key factors fueling the demand of concrete repair mortars around the world.

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The key companies profiled in this report includes Sika AG (Switzerland), BASF SE (Germany), Mapei S.p.A. (Switzerland), Fosroc International Ltd. (U.K.), Saint-Gobain Weber S.A. (Germany), Pidilite Industries Ltd. (India), Adhesives Technology Corporation (U.S.), Flexcrete Technologies Ltd. (U.K.), Remmers Baustofftechnik GmbH (Germany), and The Euclid Chemical Company (U.S.). The surging construction industry and demand for concrete repair mortars have encouraged companies to adopt several business strategies to retain their competitiveness in the global market, between 2012 and 2016. Therefore, companies, such as Sika AG (Switzerland), Mapei S.p.A. (Italy), and BASF SE (Germany) have adopted expansion and new product development as their key growth strategies in the global concrete repair mortar market.

Sika AG (Switzerland) is the biggest player in the global concrete repair mortars market, having the market share of 31.5%, in 2015. The company adopted expansion as its key strategy in the global concrete repair mortars market. For instance, in June 2016, Sika AG (Switzerland) established a new mortar factory in Ecuador and a subsidiary in Nicaragua. Along with the production facility in Ecuador, the company also established a packaging and logistic unit, which will expand the product portfolio in the fast-growing mortar market in Ecuador. The increased production capacity will enable the company to increase its market share in South America.

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Mapei S.p.A. (Switzerland) was among the top manufacturers of concrete repair mortars in 2015. It adopted product launch as its key strategy to enhance its product portfolio in the concrete repair mortars market. For instance, in November 2015, Mapei S.p.A. (Italy) launched a R4-class mortar for the concrete repair mortars market in South Africa. The product is a one-component thixotropic mortar, which contains polyacrylonitrile fibers, synthetic polymers, and special admixtures. It offers solutions for convenient high-performance structural repairs and smoothing of both internal and external damaged concrete surface. This launch strengthened the company’s product portfolio in the concrete repair mortars market in South Africa.

How to Composites Market Affect on the Different Industry in Future

Major players are adopting investments & expansions as a key strategy to gain market share in Composites Market   

The global market size of composites is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a compound annual growth rate (CAGR) of 7.04% between 2016 and 2021. High demand for composites from aerospace & defense, wind energy, and transportation is the key driver for the composites market.

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The key players in the composites market are Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Owens Corning (U.S.), Toray Industries (Japan), Teijin Limited (Japan), SGL Group (Germany), and so on. These players have adopted various strategies to expand their global presence and increase their market shares. Capacity expansions, product launches, and agreements & partnerships are the major strategies adopted by the market players to achieve growth in the composites market.

Investments & expansions has been the principal strategy adopted by key players for entering the composites market. A number of capacity expansions in the composites market were undertaken by key players such as Hexcel Corporation (U.S.), Toray Industries (Japan), Teijin Limited (Japan), and PPG Industries (U.S.) to strengthen their market position; for instance, Toray Composites, Inc. expanded its production facility in Pierce County in September 2015 to add significant prepreg capacity to its existing facility for meeting the demand growth in Boeing and other aircraft applications. Hexcel Corporation (U.S.) established a new manufacturing facility in Casablanca, Morocco in January 2016 to cater to the increasing demand for core structure, which involves the production of honeycomb materials, especially, for the aerospace structures.

A substantial number of novel product launches were announced and commercialized between 2012 and 2016 in the composites market. Owens Corning (U.S.) announced maximum number of product launches during this period. The products launched by Owens Corning included PulStrand 4100, multi-end roving under the brand Paneluxe, HydroStrand 258 glass-fiber chopped strands for polyamide (PA) resins, glass fiber products under the brand Advantex ME1975 and Advantex ME1510, and others. This has enabled Owens Corning to expand its market presence in automotive, pipes, and sheet molding applications.

Composites manufacturers worldwide are also considering agreements & partnerships with other key players to broaden their market and explore new opportunities in the composites market; for instance, Cytec-Solvay Group (U.S.) has signed a distribution agreement with Bang & Bonsomer Group (Finland) for distribution of process materials products in Lithuania, Estonia, Latvia, and Finland. Another major composites manufacturer, Huntsman Corporation (U.S.) entered into a distribution agreement with GMZ Inc. (U.S.) for distribution of advanced materials epoxy resins and specialty components products in Midwestern U.S., which includes Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin.

Biolubricants Market: New Product Launches and Agreements & Collaborations

The global biolubricants market size is projected to reach USD 3.15 Billion by 2021 at a CAGR of 6.3% between 2016 and 2021. Increasing stringent regulations such as EPA’s Vessel General Permit and USDA’s Bio Preferred Program are creating opportunities in the biolubricants market in the U.S. In addition, emerging applications of biolubricants such as transformer oil and two- and four-cycle engine oils are expected to present immense opportunities going ahead.

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New product launches and agreements & collaborations were the most preferred strategies among the major players in the biolubricants market between 2012 and 2016. New product launches accounted for a share of 43.8% of all the development strategies adopted by the market players. Companies adopted this strategy for developing new and advanced products to strengthen their product portfolio and cater to the growing needs of consumers in the U.S. and European countries. The biolubricants market is currently in the introduction phase in regions such as Asia-Pacific, South America, and the Middle East & Africa. Many R&D activities are being carried out in the market to develop products with better technical specifications and priced competitively against the mineral oil-based lubricants. Chevron Corporation, BP plc, Emery Oleochemicals, and Clarion Lubricants are some of the manufacturers who adopted this strategy.

The strategy of agreements & collaborations accounted for a share of 25%, between 2012 and 2016, of the overall strategic developments in the biolubricants market. Companies adopted this strategy to strengthen their distribution network and extend their reach to customers. Some agreements and collaborations were done for raw material supply as well. Companies such as Altranex Corporation, Chevron Corporation, and BioAmber Inc. adopted this strategy.

Chevron Corporation is an integrated energy company that provides administrative, financial, management, and technological support to the U.S. and international subsidiaries, which engage in fully integrated petroleum operations, chemical operations, mining operations, power generation, and energy services. It mainly operates through two business segments, namely, upstream and downstream. The company promotes transformation and upgrading of technology to improve development quality and efficiency as well as establish a return-oriented investment management mechanism, which complies with both market conditions and the firm’s overall development goals.

Chevron introduced a new line of Clarity Synthetic hydraulic and gear oils for the marine industry. The lubricants are used in applications concerning leaks and accidental discharges. These lubricants meet the requirements of EPA VGP for environmentally acceptable lubricants (EALs). This development is expected to help the company tap the highly growing demand for biolubricants in the marine industry.

Emery Oleochemicals develops and markets high-quality natural-based chemicals. Emery has its manufacturing units and sales & marketing offices in Asia-Pacific, Europe, and North America. The company has an extensive distribution network in more than 50 countries. It focuses on organic growth strategies to increase its existing market share. The company is focusing on the transition of sustainable practices into a responsible and efficient supply chain management system to gain competitive advantage.

Emery Oleochemicals launched DEHYLUB 4100 and DEHYLUB 4071, which offers high viscosity and lubrication and low pour point in extreme conditions of temperature and pressure. These natural-based chemicals are designed for metalworking fluids, chain lubricants, hydraulic fluids, and greases applications. This product was launched to cover a wide range of applications.