High heat (heat stabilized) glass reinforced polyamide 66 market to garner extensive proceeds via automotive sector over 2019-2025, advanced heat stabilization systems to define the industry growth
The high heat (heat stabilized) glass reinforced polyamide 66 market has emerged as one of the steadily growing niche verticals of the global polymers and advanced materials industry owing to continuous product development initiatives undertaken by major specialty chemical firms. The launch of a new series of high-heat glass reinforced polyamide 66 compounds by Teknor Apex is a testament to the extensive efforts being deployed to develop advanced polyamides that would cater to wide range of applications in the near future.
U.S. High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market Size, By End-user, 2014 – 2025 (USD Million)
Named Creamid 240 H7.5, the new polyamides maintain high levels of critical mechanical features even after continuous service at temperatures of 240°C. It is also being said that the new product range offers the stiffness and strength of highly potent engineering polymers which is quite significant. Needless to mention, the launch of such compounds is favoring the commercial aspect of the high heat (heat stabilized) glass reinforced polyamide 66 industry. Moreover, the applications of the polyamide 66 are quite pronounced in the under-the-hood components of the automotive sector which has, in turn, fueled the product demand significantly.
Automotive sector to majorly drive the commercialization scale of high heat (heat stabilized) glass reinforced polyamide 66 industry
Amongst all the prominent application segments of high heat (heat stabilized) glass reinforced polyamide 66 market, the automotive sector has been majorly driving the demand for the polyamides in the last few years. It is being observed that almost all global automakers are undertaking metal replacement programs and are increasingly incorporating performance-boosting technologies along the likes of turbocharged engines, boosting the demand for glass reinforced polyamides.
In addition to the aforementioned factors, the demand for polyamides is gaining momentum owing to advanced transmission systems being recommended by regulators. In this context, it would be prudent to mention that these systems place stringent requirements for reduced water, chemical resistance, and heat resistance which necessitates the inclusion of glass reinforced polyamide 66 in a myriad of manufacturing processes.
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Speaking along similar lines, the product is used to manufacture several under the hood equipment such as oil filters, radiator tank parts, engines, and gears. Moreover, it has been observed that there is increasing trend of installing efficient combustion engines which subject plastic components under the hood to higher thermal loads.
Bearing this in mind, numerous high heat (heat stabilized) glass reinforced polyamide 66 market players are proactively upgrading their product lines and are focusing on development of new heat stabilization systems to increase the continuous operating temperatures of certain nylons. The Pittsburgh-based specialty chemical firm LANXESS, for instance, has recently launched its high-grade heat stabilization system’s first glass-fiber-reinforced nylon 66 grade, named AKV35XTS2.
Elaborating further on the characteristics of the new product range, the new polyamides are being termed as ideal substitutes to heat-stabilized and costly specialty thermoplastics along the likes of fully and semi-aromatic PPS and nylons. In addition to this, AKV35XTS2 can be used to manufacture air intake modules with air ducts or an integrated intercooler near the turbocharger.
All in all, the launch of new heat stabilization systems and high-grade polyamides such as the aforementioned AKV35XTS2 is proving to be quite advantageous for the companies partaking in the high heat (heat stabilized) glass reinforced polyamide 66 industry. Furthermore, rising inclination of automakers to replace the conventional metal spare parts with new nylons has also benefited the growth prospects of this market sphere in the past few years. In fact, as per a research report prepared by Global Market Insights, Inc., the automotive sector is likely to register an annual growth rate of 8 percent by 2025, making it one of the fastest growing segments in the overall high heat (heat stabilized) glass reinforced polyamide 66 market.
Driven by the launch of new range of polyamides and heat stabilization systems along with increasing demand for the product from the ever-expanding global automotive sector, the remuneration portfolio of the high heat (heat stabilized) glass reinforced polyamide 66 industry is bound to exceed USD 4.6 billion by the year 2025.
Author Name : Saif Ali Bepari
Asia Pacific construction equipment market to gain momentum from the launch of technologically-advanced machines over 2019-2025, India and China to emerge as prominent growth avenues
Driven by massive spending on infrastructural projects and rising inflow of FDI in the real estate sector, Asia Pacific construction equipment market has established itself as one of the most lucrative business spheres in the recent times. The rise of online retail outlets and the convenience of replacing parts by the firms via online channels has been creating considerable opportunities for the players operating in the Asia Pacific construction equipment market. The overall construction sector in the region is increasingly shifting toward improved and technologically-advanced construction machinery owing to a significant uptick in labor costs and visible demographic changes.
Japan earthmoving & road building equipment, by product, 2018 & 2025 (USD Million)
Speaking in the similar context, numerous prominent heavy-equipment makers are developing advanced excavators which has fortified the stance of earthmoving and road building equipment segment in the Asia Pacific construction equipment market. For instance, Hitachi recently introduced ZH210-6 excavator which is regarded as one of the most fuel-efficient and light-weight excavators to have been developed in the recent past. Equipped with high-grade hydraulics, ZH210 emits reduced levels of carbon dioxide and consumes less fuel.
How has the Indian government’s urban modernization and affordable housing programs favored the APAC construction equipment industry?
Following its establishment as one of the prominent growth engines of the Asian continent, India has stepped up its efforts to reform the way urbanization has been progressing in the nation over the last few decades. Owing to increasing population and high rate of migration, the demand for affordable housing is on the rise. In addition to this, the need to upgrade the overall transportation network across urban and rural areas has been one of the top-most priorities of the nation.
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To achieve the desired results in terms of sustainable urbanization in this time and age, India has been investing heavily in the construction sector – a business vertical which has emerged as the second largest employer in the nation over the last few years. The construction sector received a humongous boost by the Indian government in 2015 when it launched three mega urban transformation schemes viz., Housing for All, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and Smart Cities Mission.
These ambitious programs – allocated with a total budgetary outlay of more than 6 lakh crores – are aimed at driving economic growth and fast-tracking the process of urban transformation to enable better living standards, which would, in turn, immensely benefit the commercialization potential of APAC construction equipment market from India.
A brief snapshot of how China’s ambitious infrastructural project would impact the Asia Pacific construction equipment industry
After constructing large-scale projects such as the world’s largest dam and building a 26-mile-long bridge, China is now focusing on unprecedented infrastructural projects such as Belt and Road Initiative. Regarded as the largest undertaking in its modern history, the initiative aims to develop and build an enormous network of railroads and shipping lanes between China and 65 nations in Europe, the Middle East, North Africa, and Asia.
Although it was first proposed in the year 2013, Belt and Road Initiative has garnered considerable momentum only last year and is expected to provide significant push to the Asia Pacific construction equipment industry. Moreover, China’s is rapidly transitioning toward a consumer and services driven economy which opens up a new kind of construction in social, educational, and healthcare infrastructure.
Powered by the launch of innovative and technologically-superior equipment, swift pace of urbanization, rising demand for affordable housing, and massive spending on infrastructural projects by chief economies of Asia such as India and China, the remuneration portfolio of Asia Pacific construction equipment industry is slated to surpass USD 80 billion by 2025.
Author Name : Saif Ali Bepari
Asia Pacific material handling equipment market to procure hefty returns from e-commerce applications, regional industry shipments to depict a CAGR of 7% over 2019-2025
The APAC material handling equipment market has, of late, been experiencing appreciable growth on account of the presence of myriad regional companies delivering robotic technologies for warehouse automation. An influx in the demand for automated solutions to support numerous warehouse operations like retrieval, storage, transportation and packaging will steer the industry growth in the years to come.
Hong Kong material handling equipment market, by application, 2018 & 2025 (USD Million)
The industrial sector in APAC has lately been under pressure to shift its focus toward robotic technologies owing to the hike in labor costs. The growing operational productivity and efficiencies in warehouses through the applications of these systems are enabling the companies to enhance their sales and productivity. Moreover, a number of small-scale industries are deploying old/used machinery for minimizing extra cost of purchasing new equipment. These machines need replacement of parts and components at regular intervals, which will subsequently propel the commercialization map of the APAC material handling equipment market in the forthcoming years.
The regulatory framework in the Asia Pacific is majorly responsible for impelling the regional material handling equipment industry, given that legislative authorities are developing a number of initiatives that are generating a huge demand for automated technologies. The initiative called ‘Made in China 2025’ by the Chinese government for instance, is accelerating the production rate in the nation. This move is encouraging domestic and global companies to establish their manufacturing facilities in the nation. Such facilities would overtly need automated technologies to enhance and improve operations and production capabilities, which would propel APAC material handling equipment industry.
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Manufacturers are also assisting small-scale ventures in purchasing these automated machines via financing options and flexible loans. This helps companies with facilities in installing modern equipment within the budget range, which in turn will augment the APAC material handling equipment market growth in the coming years.
The deployment of material handling equipment has thus proved to be highly beneficial across a spate of verticals. Indeed, the APAC material handling equipment industry has been touted to thrive essentially on account of the vast application spectrum of these components, which is expected to expand in the forthcoming years.
The paragraphs below provide a precise gist of the application landscape of the APAC material handling equipment market:
Unveiling Asia Pacific material handling equipment market trends from 3PL (Third party logistics) applications:
The third party logistics industry is anticipated to emerge as one of the most profitable application avenues for the APAC material handling equipment market. Undeniably, this growth can be credited to the emergence of a hyper competitive pricing market for all third party logistics services. With an increase in the domestic consumption in Asian region, which is increasingly focused on high value and quality goods, companies are getting more inclined towards robotic technologies and automation.
Driven by the fact that material handling equipment help companies in raising their efficiencies and operational productivity, in a bid to make sure that their productivity and sales are enhanced, the 3PL sector is touted to hugely contribute toward the expansion of the APAC material handling equipment market. With an upsurge of expenditure on outsourced 3PL services across contract logistics, the demand for material handling equipment will naturally depict a rise, augmenting the APAC material handling equipment industry size from 3PL applications.
Unveiling Asia Pacific material handling equipment market trends from e-commerce applications:
According to reliable report, the eCommerce market is expected to depict a highly commendable growth rate across economies such as India and China. Indeed, China is known to account for almost half of online retail eCommerce sales across the globe. Apart from making the process hassle free, companies in the eCommerce industry are adopting advanced and automated material handling equipment to speed up the operations, along with reducing costs – a major parameter of concern in the eCommerce industry.
As per China e-Business Research Center estimates, Tmall rules the B2C marketplaces of the Chinese eCommerce landscape, followed by JD, Suning, Tencent among others. The presence of numerous eCommerce companies, low-cost deliveries, and the mammoth population of the Asia Pacific region testifies the fact that the eCommerce industry in this region will witness a massive upsurge in the coming time. This would irrefutably contribute to the expansion of the APAC material handling equipment market from e-commerce applications over 2019-2025.
Endorsed by a widespread application terrain, the APAC material handling equipment market is anticipated to depict a highly lucrative remuneration graph in the coming years. According to estimates, the valuation of APAC material handling equipment market would surpass US$80 billion by the end of 2025.
Author Name : Saurav Kumar
Outlining Construction Equipment Market trends in terms of the growth strategies undertaken by prominent industry contenders: M&As to gain favorable precedence over 2018-2024
Over the last few years, construction equipment market, on the grounds of surging investments in infrastructural development, has been witnessing a rather appreciable growth rate. The rising trends in industrialization and urbanization across the globe have also been majorly propelling the need for construction equipment. Taking into account the rapid growth of the construction industry, construction equipment market giants have been expanding their regional reach via renewed dealerships across myriad geographies. In addition, many equipment providers have been investing in new machinery as well as advanced technologies such as smart equipment to augment construction equipment industry trends.
China Construction Equipment Market, By Product, 2017 & 2024 (USD Billion)
Citing a recent instance about the expansion of dealership programs, on August 15, 2018, Hyundai Construction Equipment expanded its North American authorized construction equipment dealership network by adding one of the leading agricultural equipment dealers, Farm Depot Ltd., to its portfolio. Through this new dealership program, Hyundai Construction Equipment reached across more than 150 locations with more than 70 dealers who have been supplying wheel loaders, compaction rollers, excavators, and other construction equipment. In addition, for enhancing the customer base and meeting the increasing product demand, Hyundai has been providing training to the dealers for ensuring effective service and product delivery.
In another instance, recently, the U.S. based farm equipment supplier Bonnel collaborated with a leading manufacturer of multipurpose tractors, Multihog. With this partnership, Bonnell became an exclusive Multihog distributor across Indiana, Illinois, Iowa, and Wisconsin. The on-going development of sidewalks and small roadways across this region would propel the requirement of Multihog’s tractors, which could easily work in tight alleys, sidewalks, and small roadways. This incidence validates that frequent collaborations among distributors and product manufacturers will considerably enhance the construction equipment industry size over the years ahead.
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In European countries, the increasing involvement of the regional governments in infrastructure development has been generating lucrative opportunities for the construction equipment market contenders. More precisely, the shifting focus of governments and regulatory bodies toward the deployment of renewable energy facilities along with the implementation of smart city development programs have been tremendously pushing the need for construction equipment. In line with the rapidly growing number of construction activities, the sales of construction and earthmoving equipment across UK grew considerably in the second quarter of 2018 as compared to the same period in 2017.
The rise in the sales of construction equipment across European countries has been encouraging leading product manufacturers to invest in research and development activities to launch new product portfolios. In addition, many construction and earthmoving equipment manufacturers have been focusing on expanding their regional footprints with mergers and acquisitions as well as with new facility establishments. These initiatives incidentally, are also being supported by many regional finance companies, pushing the growth of the construction equipment market further. Validating the aforementioned fact, a few days before, Molson, one of UK’s construction equipment specialists, secured a £6.3 million investment from UK’s most active investment company, BGF. With the help of this investment, it is planning to expand its sales and aftersales services of construction equipment across UK. Additionally, it is looking forward to constructing a new parts center and extra depots as well.
In addition to capacity expansion, Molson and BGF plan to work on further acquisitions. Incidentally, Molson has already secured the distribution rights of the Terex Finlay machinery for Wales, England, and the Channel Islands. The combined approach of service providers and financial companies to invest in the improvement of existing infrastructure is certain to influence Europe construction equipment industry trends.
The changing focus of construction equipment suppliers toward establishing long-term relationships with customers and renowned OEMs is poised to boost industry growth over the years ahead. The adoption of frequent facility and dealer network expansion strategies is also deemed to emerge highly beneficial for the players in construction equipment industry. Driven by the growing demand for construction machinery along with the rapidly propelling infrastructural development activities, construction equipment market will surpass a revenue collection of USD 170 billion by the end of 2024.
Author Name : Sunil Hebbalkar
Escalators and moving walkways market to witness remarkable growth from the airport sector from 2018-2025, product innovations to underline the competitive landscape
Growing expenditure on infrastructure development has propagated the escalators and moving walkways market, in conjunction with the rapid urbanization of cities and changing demographics. Elevated income levels of the working class population in several regions has stimulated investments in constructing structures that have advanced and comfort-raising amenities. Lately, people moving equipment have become obligatory features in modern public buildings such as hotels, shopping malls and airports, triggering evolution of the escalators and moving walkways industry. While escalators allow for easy movement of people between floors of a building, moving sidewalks are essential in transporting people over short to medium distances, either along a level ground or at an inclined distance.
U.S. Escalators & Moving Walkways Market Size, By Application, 2014 – 2025 (USD Million)
Ability to help in safe movement of people and their bags or luggage in communal settings has mainly driven the global escalators and moving walkways market, which is credited with accruing more than USD 15 billion remuneration in 2017. Due to the expansion of the transportation industry, bus and railway stations are developing and going beyond a single floor to accommodate operations or provide public resting areas. An emerging revenue source for the escalators and moving walkways industry is the installation of escalators in indoor and outdoor footbridges for encouraging commuters to utilize a safer way of crossing roads in busy areas. Budding tourism industry and expansion of international trade has instigated the development of bigger airports and along with it, established a key source of income for the escalators and moving walkways market.
To elaborate, Dubai International Airport’s Terminal 3, opened in 2008, is the world’s largest airport terminal and consists of two sections, Concourse A having 11 floors and Concourse B having 10 floors. The extensive facility has 97 escalators and 82 moving walkways to handle the entire terminal’s capacity of handling 43 million people. With every airport around the world requiring passenger movement equipment and many more airports in the pipeline to be constructed, earnings for the escalators and moving walkways market from the airport segment is anticipated to grow at a 4% CAGR over 2018-2025.
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The underground railway system in London, also termed as the Tube, is a vast network of interconnected subway system, with stations having multiple floors and the deepest station being about 58.5 meters below ground. As such, the Tube is another example pointing out the importance of the escalators and moving walkways industry in realizing safe commuting of millions of passengers that use public transport.
With efforts being undertaken worldwide to build taller and wider structures which incorporate commercial and retail businesses, the escalators and moving walkways market has achieved extraordinary progress not only in terms of revenue but also technological advancement. Office plazas, multistorey malls, industrial buildings and large residential complexes are presenting the need for energy-efficient infrastructure to reduce the overall cost of occupancy. The recently launched Link escalators from Otis, a leading manufacturer of people moving products, demonstrates the potential of energy optimization in escalators.
Speaking further, the Link escalator has upgraded safety, quality and reliability, while its innovative ReGen drivers deliver up to 60% less energy consumption in comparison with those without regenerative drives. Designed for easy maintenance and longest uptime, the Link escalators comprise of an extremely efficient lubrication system which use 98% less oil than manual lubricant system. A significant characteristic of the Link escalators is that 90% of the materials used in their manufacturing are recyclable at end of life. With the additional feature of being easily diagnosed for assessing escalator performance or sensing equipment deterioration using Otis’ diagnostic tool, the Link escalators represent shifting trends in development of the escalators and the moving walkways industry.
The highly competitive dynamics of the escalators and moving walkways market has enforced major players such as KONE Corporation, Otis Elevator Company, Schindler, Fujitec, Thyssenkrupp AG, Hitachi Ltd and many others to come up with critical product features for promoting their services. A notable innovation in the escalators and moving walkways industry has been effected by KONE, which has displayed the opportunities created by connecting its products with the internet of things (IoT). For instance, in March 2018, KONE launched a cloud-connected escalator which, using the company’s 24/7 connected services, provides vast quantity of data from sensors and allows for remote monitoring, analysis of real-time information.
However, the most interesting feature of the KONE’s product is that it is the first ever Twitter-connected escalator and enables people to witness how it operates by sending timely tweets, while a 360-degree and virtual reality video is also available. The KONE escalator is invariably transforming the product landscape of escalators market. With a slew of such advanced products & innovations in pipeline, the escalators and moving walkways market is estimated to register a 4% CAGR from 2018 to 2025.
Author Name : Pankaj Singh
Global Market Insights Inc. 