Cobot Market Trends, Opportunities And Forecast Till 2025

COBOT

In a mobile cobot, the cobot is mounted over a mobile robot platform, which enables it to move around the factory floor autonomously. Companies such as EasyRobotics and Dimalog are integrating mobile robots and cobots to develop mobile cobots. For instance, Dimalog used Omron TM-series collaborative robots and Omron LD mobile robots as the platform for developing mobile cobot systems. Mobile cobots would be the next stage in collaborative robotics and would generate ample opportunities for cobot manufacturers and mobile robot platform developers in the future.

In the long term, the market is expected to be driven by the continuous upswing in the demand for collaborative robots, which have high payload capacity and can be used for a number of new industries such as logistics and warehouses, science and research labs, and security in a dynamic industry environment. As several industries are recognizing the benefits of collaborative robots and the robots themselves are becoming technologically fool-proof, the market is expected to continue to see positive growth and would be able to counter the short-term hurdles.

Cobots have shown good potential in the new emerging application during the COVID-19 pandemic. Cobots are being used for COVID-19 testing and disinfecting purposes. Researchers at the University of Southern Denmark (SDU) developed a system for collecting the patient’s sample for the COVID-19 test. The system has Universal Robot’s UR3 cobot arms and a custom 3D-printed end-effector for taking a throat swab sample. Furthermore, researchers at Nanyang Technological University developed an automated disinfection system in which a cobot is mounted on a mobile platform fitted with an electrostatic spray nozzle for spraying the sanitizer.

The competitive benchmarking chart, provided as follows, is based on the positioning of the leading companies in the market based on two parameters, namely depth in product portfolio and business strategy excellence. The depth in product portfolio consists of factors such as cobot offerings according to different payload, software and applications related to cobot, and product and upgradation in the last three years. Business strategy excellence consists of factors such as geographical presence, inorganic growth strategies (mergers and acquisitions and partnerships and collaborations), and funding and research and development activities.

Porter‘s Five Forces analysis has been undertaken to determine the competitive intensity and attractiveness of the collaborative robot market. Each of the five forces is analyzed against some of the key criteria influencing the impact of that force. Each of the criteria is assigned a risk rating depending upon its impact on the force (sample). In the Five Forces model, manufacturers developing collaborative robots are considered suppliers, whereas government, commercial, and residential end users are considered buyers. The bargaining power of suppliers and buyers, threat of substitutes, threat of new entrants, and intensity of rivalry within the industry shape the competitive structure.

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Collaborative robots have opened up a new dimension of automation across multiple industries. Unlike heavy industrial robots, collaborative robots share workspace with humans, augmenting their capabilities and capacities. The technology proves to be a boon, especially to the small and medium enterprises (SMEs), as it helps them to scale up easily with less manpower.

Inspection and Maintenance Robot Market Opportunities, Demand, Forecast to 2025

Inspection and Maintainance Robot Market

The global inspection and maintenance robot market is expected to witness significant growth in the forecast period 2020-2025, primarily due to a rising need for inspection and maintenance in hazardous and confined spaces. The scope of study majorly focuses on the inspection and maintenance robots that are manufactured for professional use or industrial use. The inspection robots are majorly used for several industrial applications and operate in the utility sectors such as inspection, cleaning, and maintenance of pipelines, hulls, dams, pressure vessels, storage tanks, heat exchangers, as well as maritime inspection and sewer treatment by small wheeled robots. Further, the report also describes the opportunities for inspection robot manufacturers in automotive, nuclear, and construction applications.

Robotics market has experienced dynamic technological advancements over the last few decades. These advancements have led to the improvement in the autonomy of robot, operating range, capabilities, and size, and pave the way for various growth opportunities for the utility, oil and gas, petrochemical, and food and beverages sector. The concept of usage of robots dates back to the year 1954, George Devol invented the first programmable and digitally operated robot. Since then, robots and their usage have undergone several technological advancements that result in a higher degree of autonomy and 3D spatial awareness in its operation.

The introduction of robots in the service market has rapidly transformed the process of production, further leading to a growing demand for more automated solutions (both hardware and software). Also, to increase the visibility into the servicing and maintenance process for strengthening the production process and decreasing the production cost.

The service robots that can autonomously execute inspection tasks in extensive industrial plants are inspection robots. To adhere to the safety regulations of laborers working in a hazardous environment for the purpose of cleaning, inspection, and maintenance alternative measures, such as the usage of remotely operated and autonomous inspection robots, have been increased. The type of tasks that are performed varies and depends on the industry type, asset type, and maintenance requirements of end users.

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The global inspection and maintenance robot market is expected to witness a high growth rate during the forecast period 2020-2025 owing to the growing usage of robots in emerging countries for safety purposes and low cost of inspection using robotic technology.

However, the lack of customer’s acceptance toward autonomous robotics technology act as the major challenge for the market. The rising demand for offshore drilling applications is expected to create viable opportunities for the inspection and maintenance robot market. The growth of the inspection and maintenance robot market is majorly due to the growing usage of robots in emerging countries for safety purposes and the low cost of inspection using robotic technology. The growing concerns toward the safety of laborers working in a hostile environment have become an essential need for the inspection and maintenance robot market.

Software Defined Satellite Market to See Incredible Growth By Profiling Key Players

Software Defined Satellite market

Owing to the demand for increased versatility and adaptive satellites, there has been a constant alteration in the electronic technologies being deployed in the satellites. Extensive research has been conducted on new global information networks and electronic information management systems so as to focus on providing improved efficiency of the satellite, along with cost and size reduction. Exploring new forms of electronic technologies for components such as antenna, transceivers, amplifiers, on-board data handlers, on-board computers, and satellite sensor and conducting system-level optimization are the major drivers in the satellites industry which can help enable software-defined satellites revolution.

There are significant advancements occurring at present in the antennas utilized in the software-defined satellites. Because of the particularities, satellite communication has special needs in antenna gain, size, weight, sidelobe level, and mobility, to boost the tracking speed of satellite. In March 2018, Taoglas, a leading M2M antenna provider, developed Taoglas Shift, a software-defined antenna, in partnership with Adant Technologies. Due to the advanced beam-steering technology of Adant, the antenna can adapt radiation pattern dynamically in real time and deliver high quality signal propagation and reception. This capability further extends its utilization in stationary and mobile applications. Similar form of transition is witnessed in power systems as well in order to meet the associated cost and weight constraints. For instance, in July 2019, SEAKR Engineering developed digital RF processors for Saturn Satellite Networks, a U.S.-based company planning to develop small geostationary satellites. SEAKR is expected to provide RF processors, which enables highly integrated RF payload due to intact software-defined radio (SDR), while minimizing mass and power of the system. The processor is made with compact design and light-weight materials optimizing size, weight, and power (SWaP) for the satellites.

The strategies employed to gain a significant share in software-defined market, have been varying from mergers to business expansions, and from acquisitions to partnerships. This segment provides comprehensive insights regarding different market development activities that key players in the industry are adopting in order to compete with each other directly. To lead the market as well as engage in the process of overall market growth, a company needs to improve the existing product framework, work in collaboration with top market leaders, or obtain new contracts from various industries and acquire the relatively weaker companies into its stronghold.

Scheduled to launch in 2019, Eutelsat Quantum is the first reconfigurable satellite platform developed by the U.K. space agency and ESA. The research work on reconfigurable and flexible payloads for software-defined satellite is growing in numbers. Traditional satellites work on provided set algorithms at the time of manufacturing; they are static in terms of change in operation since the time of launch. Flexible payloads address the change in maneuver without the need of changing any hardware, cutting down on cost and labor requirement. The new architecture present in software-defined satellites define a new age technology which does not limit the flexibility in order to expand its application and features.

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The evolution in space industry is leading a trend to limit the drawbacks associated with space information systems. The concept of software-defined satellite was proposed in order to reach that feat of technology where information system becomes more transparent for operation. This software-defined trend is providing a cost-effective structure for various space missions. The developers for software-defined satellite bank on the technology reach in terms of operator’s requirement. The flexible payload is tailored in terms of the application requested, which include navigation, maritime, aircraft, communication, earth observation, and surveillance. Evolution in terrestrial technologies, which include emergence of various smart electronic products influences the satellite companies to provide advancement in parallel to the technology present, software-defined satellites provide aid in attaining such advancement.

BTX and Hydrocarbon Separating Adsorbent Market Growth, Demand & Opportunities & Forecast To 2025

BTX and Hydrocarbon Separating Adsorbent

The oil and gas, petrochemical and refining industries are currently dominated by solvent-based extraction methods, such as stripping, extractive distillation, and other liquid-liquid operations. However, research and developments in adsorbents, focusing on BTX and hydrocarbon separation in the past decade have contributed significantly to the transformation of the global market for the same. The advent and further advancements of technologies, manufacturing processes as well as manufacturing substrates help adsorbent suppliers to attract consumer attention toward better quality and sustainable products.

Adsorbent-based extraction offers several advantages over solvent-based extraction, which has shown an overall decrease in demand over recent years. In addition, adsorbents are preferred due to their excellent property to operate over a wide range of conditions and variable selectivity and their ability to regenerate and reactivate. This factor is anticipated to create tremendous opportunities for various industries using adsorbents in the coming years.

Solvent-based extraction dominated the market for over the past ten years for oil and gas, and petrochemical industries and refineries. Adsorbents have become increasingly popular for these industries as the applications, lifespan, and the waste reduction capabilities of adsorbent-based extractions provide an edge over solvent-based extraction.

A steep decline in the usage of solvent-based extraction technologies is expected in the next five years, due to the increasing competition and technological advancements in the oil and gas industry. Therefore, end-user industries are focusing on the adoption of highly efficient BTX and hydrocarbon separating adsorbents to increase their revenue and geographical presence to achieve a better position in the global market in the coming years.

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Offline sales are most prominent sales mode ever since the market began to expand owing to bigger class of end-use customers of adsorbents, which are oil and gas industries, petrochemical industries, and refineries. Since this business requires customer loyalty and extensive aftersales services, offline marketing channels provide better chances of building better customer relationships.

However, offline sales mode is expected to grow at a significant rate in coming years in order to provide the customers the ease and the ability to compare multiple products simultaneously while letting the manufacturers acquire the shifting choices of the customers according to the type of industry.

The global BTX and hydrocarbon separating adsorbent market caters to the demand for various industries such as upstream, midstream, and downstream industry (refining and petrochemical industry). The refining (liquid-gas separation) application in downstream industry is anticipated to dominate throughout the forecast period owing to rising demand for sustainable fuels.

3D & 4D Military Radars Market Demand and Applications Forecast to 2025

3D and $D Military Radars Market

Over the last decade, the defense industry has been witnessing a massive transformation owing to the increasing development of technologies in the field of advanced radars, electronic warfare, communications, jamming and anti-jamming systems, artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML). Radars, being the first line of defense for any attack, are being procured in large numbers to detect and track enemy movements beyond the borders. This high-resolution 3D & 4D military radar technology has opened new dimensions to conventional radar systems and, in turn, accelerated the advanced military vehicle deployment. Additionally, miniaturization of antenna technology is boosting the integration on smaller platforms such as unmanned aerial vehicles.

Currently, 4D military radars are gaining more popularity in air and missile defense applications. The market has considerably evolved in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and the Middle East and Africa (ME&A). It is experiencing further growth because of various aspects such as the increase in defense budgets of various countries and huge investments for research and development of 4D radars.

The market research study offers a wide perspective of the different types and industries pertaining to the global 3D & 4D military radars market and analyzes its impact on different regions by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The report highlights the key driving factors and challenges for the market, as well as the opportunities for 3D & 4D military radars. In the extensive primary research process undertaken for this study, the primary sources include industry experts and key executives from prominent companies and their distributors in the 3D & 4D military radars industry. This report segments the market and breaks down the industry geographically as follows: North America (U.S. and Canada), Europe (Germany, U.K., France, Russia, and Rest-of-Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest-of-Asia-Pacific), Latin America (Brazil, Mexico, and Rest-of-Latin America) and the Middle East and Africa (Saudi Arabia, Israel, South Africa, and Rest-of-Middle East and Africa).

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There has been a significant rise in the interference activities among hostile nations, which has resulted in growing interest and escalating demand for integration of advanced radar technology with different military platforms such as airborne, ground, and naval across the globe. Due to increasing military budget inflows across the globe and growing conflicts among various countries, the demand for more robust positioning, navigation, and 3D & 4D military radars are in substantial demand.

The advancement in radar technology is mainly driven by two factors: the use of machine learning algorithms to enhance the raw radar signals, and advancements in silicon technology leading to miniaturization. The applications of radar technology such as weapon guidance, airspace monitoring and traffic management, ground surveillance and intruder detection, air and missile defense, navigation, mine detection and underground mapping, airborne mapping, ground force protection and counter battery, and weather monitoring have been grown multi-fold in recent years in the military and defense industry.

Air Defense Systems Market Analysis and Precise Outlook 2020-2025

Air Defense Systems market

Over the past years, there have been significant developments in the field of air defense system technologies, resulting in a growing interest and escalating demand for advanced air defense systems for different military platforms such as airborne, ground, and naval. The advancements in air defense systems have further led to an increase in military budgets across the globe. Additionally, the rising cross-border conflicts among various countries are raising the demand for more robust air defense systems. Therefore, air defense systems are developed with the aim of countering the growing threat for ballistic missiles, combat aircrafts, unmanned aerial vehicles, precision guided munitions, and drone swarms, among others.

The major driving forces behind the growth of the air defense systems market are modernization of missile defense systems, expansion of surveillance radar coverage, and development of modern air defense systems including directed energy weapons, counter hypersonic, electromagnetic railguns and so on. Moreover, upgradation and development programs of air defense systems are largely attributed to the increase in demand for air defense systems and associated investments.

In terms of military budget, the U.S. has been dominating over other countries for over a decade, with a military budget of $718 billion for FY2020. Moreover, U.S. Department of Defense (DoD) has requested $11.60 billion for FY2021 for the missile defeat and defense programs.

The global air defense systems market is expected to witness a moderate growth during the forecast period 2020-2025, owing to the implementation of advanced technologies and modernization of air defense systems. Moreover, threats and affordability are the two main factors that are expected to influence the defense spending of countries in the coming years. Although the COVID-19 pandemic has changed the dynamics of various industries, it has not shown any immediate effect on the defense sector, apart from some supply chains disruption.
 
With reference to past patterns, countries may give most weight to threats, real or perceived, over the near term. Governments are anticipated to calibrate their defense budgets according to situation prevail in terms of threats due to ongoing conflicts or to reallocate the budget for health measures. The air defense systems market is in maturity phase with the leading players actively competing against each other to gain a greater share in the industry in the future. The competitive landscape of the air defense systems industry exhibits an inclination toward emerging strategies and developments by market players.

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The key players that are actively participating in the air defense systems market include Almaz Antey, Aselsan A.S. BAE Systems, Boeing, Elbit Systems Ltd., General Atomics, Hanwha Defense, Israel Aerospace Industries Ltd, KONGSBERG, Lockheed Martin Corporation, Leonardo S.p.A, MBDA, Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, Saab AB, and Thales Group.

The prominent players in the air defense systems market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstrations, integrations, and business expansions. Due to the intensive competition, the air defense systems industry requires manufacturers to constantly innovate and develop cost-effective products.

Deep Space Exploration and Technology Market Size, Growth, Segmentation, Share, Forecast 2020-2030

Deep Space Exploration and Technology

The deep space exploration and technology market is one of the emerging space industries, which is expected to witness numerous developments in the coming years. Since the past three decades, space agencies such as the National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) have carried out numerous uncrewed missions not only to the International Space Station (ISS) but to different planets in the solar system, whereas the number of crewed missions beyond the ISS is comparatively less. In line with deep space exploration missions, the space industry aims to carry out more human spaceflight missions.

Moreover, the space sector is highly focused on finding ways to make the Earth’s moon and Mars favorable for human habitation. Therefore, numerous space missions to understand the sustainable characteristics of these celestial bodies.

The report is a compilation of various segmentations including market breakdown by subsystem, technology mode, application, mission type, end user, and region. The report highlights the key driving and challenging forces for this market. It is based on discussions and interviews with the top management of several leading deep space exploration and technology companies and end users. The global deep space exploration and technology market is not expected to play out the same way for every region. Therefore, this report segments the market accordingly and breaks down the industry geographically as follows: North America (the U.S and Canada), Europe (the U.K., Germany, France and Russia), Asia-Pacific (China, Japan, and India), Rest-of-the-World (Latin America, Middle East, and Africa). Each geographical region analysis details the individual push-and-pull forces in addition to the key players from that particular region.

The space sector has been undergoing numerous developments since the past years, due to several factors such as cost effective systems due to technological advances, increasing private investments by emerging players in the industry, increasing need for better communication and connectivity. Moreover, the increased application of space technologies for investigation on weather, surveillance for the military sector, and real-time imaging requirements by different sectors are also leading to the evolution of the space industry. In order to cater to the aforementioned applications, an increase in the number of satellites are launched every year. For the same, the industry has also witnessed a demand for small satellites, which allow for enhanced operations as well as cost-effective missions. In addition to this, upgraded launch vehicles with heavy lift capabilities are being developed.

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Major space agencies as well as private space companies are focused on developing reusable launch vehicles, which can provide cost efficiency as well as reduce space debris. Prominent space agencies such as the National Aeronautics and Space Administration (NASA), European Space Agency (ESA), China National Space Administration (CNSA), Japan Aerospace Exploration Agency (JAXA), Roscosmos State Corporation for Space Activities (Russian Space Agency) and the Indian Space Research Organisation (ISRO) are looking toward the development of earth independence which includes human presence beyond low Earth orbit and cislunar space and onto Mars. A deep space exploration mission ranges from two to three years with safe return of the crew to Earth.

Deep space exploration includes both planetary explorations as well as human spaceflight and habitation explorations. Both these explorations require extensive support of various systems such as robotic systems to conduct various scientific investigations. The objectives for conducting deep space exploration is to expand human presence into space, increase planetary exploration capabilities, increase the ability to deploy assets and resources, support astronauts during space missions, and enhance effectiveness of human operations.

Military Ground Vehicle Propulsion System Market to Witness an Outstanding Growth During 2019-2030

Military Ground Vehicle Propulsion System

Over the last decade, the electric and hybrid-electric military ground vehicle propulsion system has witnessed a massive technological transformation providing better traction and on-demand torque immediately at a high speed and emitting lower degree of toxic components as compared to the conventional military ground vehicles. Increasing political instability, conflicts, and terrorism activities, along with increasing border instability inspire countries to strengthen their military ground vehicle capabilities, which in turn drive the market growth for different propulsion systems used in such military ground vehicles.

Currently, small unmanned military ground vehicles with electric propulsion systems are gaining more popularity in explosive ordnance disposal (EOD) applications. The market has considerably evolved in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and Middle East and Africa (ME&A). However, it is experiencing further growth because of various aspects such as increase in defense budget by various countries; research and development through huge investments for proposed engines.

The market research study offers a wide perspective of the different types and industries pertaining to the global military ground vehicle propulsion system market and analyzes its impact on different regions by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

Internal combustion engines (ICEs) have dominated the military ground vehicles in the past decades. The ability of an ICE to provide adequate power, a wide range of speed and payload with ease, has been a major contributing factor in dominance of the ICE market. However, in order to minimize CO2 emissions and the mitigation of exhaust pollutants, there is a significant need for modernizing conventional engine with improved technology. Use of turbochargers, exhaust gas recirculation (EGR), catalytic converter, direct injection technologies are few well-established means for achieving lower CO2 emission targets and generating more power per engine cycle.

Active propulsion systems in military ground vehicles are powering the vehicles with full capability, however, there still exists a need for advancement toward more electric and hybrid systems which can reduce maintenance cost, idling, fuel use and emissions on a relatively faster pace. Transporting fuel for the battlefield through dangerous routes over long distances is a factor that adds up the fuel cost significantly.

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Owing to increased survivability requirements, increased protection measures have been assimilated to the military vehicles which increase overall vehicle weight and in turn lead to decreased reliability, fuel efficiency, and associated vehicle transport capability. Further, burgeoning weight of armor and weapons have also forced the engines to become larger and making the vehicle heavier. Such heavy-weight vehicles have created the need to bring about advancements toward establishing state-of-the-art light-weight military vehicles.

Various types of batteries (lead-acid, nickel-cadmium or iron-nickel Edison cells) present in the vehicles are found to be too heavy and have failed to store the energy required to produce the desired power-levelling effect. One way to reach the goal is to develop the electric motor at about the same size as it is in an internal combustion engine (ICE)-based military vehicle or to have a large battery pack with enough energy storage for the longest anticipated maneuver. Various OEMs are majorly investing in the electric vehicle development programs through partnerships to increase the energy density with improved battery life and hence retain the market share in the industry.

Earth Observation Satellite Data and Service Market To Generate Huge Revenue By 2023

Earth Observation Satellite Data and Service market

Earth observation data and service is utilized by government and defense, forestry and fishery, energy and natural resources, archeology and civil infrastructure, agriculture, and others end user. In 2017, the market was dominated by government and defense end user, due to high utilization of data and service in addressing surveillance, environmental, and sustainability issues. However, other (enterprises, insurance and financial service, travel, media and entertainment, retail and e-commerce) end user is expected to witness highest growth during the forecast period, driven by technological advances in earth observation data and service that can cater customized requirement of these industries.

Earth Observation (EO) satellites are designed for applications like disaster monitoring, agriculture, cartography, and natural resources surveys among others. These satellites carry instruments which allow them to operate at lower altitudes only and are placed either in Low Earth Orbit (LEO) or Sun- Synchronous Orbit (SSO). These satellites are of 2 types, named, Synthetic Aperture Radar (SAR) and optical satellites. SAR is useful in broad area imaging at high resolution and in imaging after sunset or during inclement weather. Whereas, optical satellites have sensors which use near infrared radiation and visible light to gather data. These satellites can be used only during daytime and cloud-free conditions.

Earth observation data and service is utilized in data acquisition and mapping, sustainable development and environment management, disaster management, security and surveillance, and location-based service (LBS) application. In 2017, the market was dominated by sustainable development and environment management application, due to high utilization of data and service in addressing environmental and sustainability issues. However, LBS application is expected to witness the highest growth during the forecast period, 2018-2023, driven by integration of computing technologies and wireless communication with positioning technology and spatial data.

The North America region includes two countries, the U.S. and Canada. Currently, the U.S. is the dominant country in North America and is anticipated to remain the same till 2023. Whereas, Canada, which is a leading player with SAR satellite constellation, will grow further as it is advancing the development of earth observation data and service technology. Most of the satellite-based earth observation service providers, are based in this region. Motivated by an intrinsic desire to explore space, major operators in the region along with government agencies, are extensively investing in developing latest technologies aimed at fundamentally improving space access.

The commercial earth observation satellite market is experiencing a boom in the space technology, not only in terms of investment, but also regarding the technical breakthrough in data storage and data analytics. Google Map, an application of earth observation, has increased the horizon of earth observation application significantly from industrial and defense to everyday utilization.

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Development of unprecedented high resolution and multispectral cameras and sensors have enabled capturing high quality images with very short time difference. These high-profile satellites visit the earth repeatedly and capture terabytes of data every day. Moreover, the data generated is of heterogenous semantics, varying measurements and formats, asynchronous resolution, and various other modalities. This created an immediate requirement of cost-effective solutions that can enable advanced data synchronization, predictive data processing analytics, and various other models to allow data management, asset management, data dissemination, technical processes, and data distribution.

Conventional data bases and data processing technologies are not competitive enough to handle the volume and veracity of data, therefore, technologies like big data, artificial intelligence, machine learning, and cloud computation are the analytics techniques gaining huge traction in the market currently. Big data and cloud computation analytics are in use from past five years, however, inclusion of artificial intelligence and machine learning is a big trend in the market which is expected to boost the growth in the global commercial earth observation market.

Integral Waterproofing Compound Market Trends and Huge Business Opportunities 2019-2024

Integral Waterproofing Compound Market

An integral waterproofing compound is one of the significant admixtures used in the construction industry. The major types of integral waterproofing compounds are liquid-based and powder-based compounds. The demand for integral waterproofing compounds has grown rapidly because of their benefits such as water retention, corrosive resistance, reduced shrinkage, and improved workability. This growth in the demand for both types of compounds is expected to continue in the forecast period 2019 to 2024. As the construction industry is growing at a moderate rate, manufacturers are looking toward to exploring new chemicals, which are sustainable and can be used in the production of integral waterproofing compounds.

The global integral waterproofing compound market is growing at a moderate pace, owing to the enhanced functionality and low prices. The level of functionality required in the construction industry determined by the type of end use; for example, in terms of whether it is for residential construction, non-residential construction, and civil engineering. Moreover, the variety of compounds available for different end use has increased in the recent years, and thus there are options for compound that offer strength, durability, flexibility, workability, corrosion resistance, and cohesiveness.

The growth in the integral waterproofing compound market can be attributed to the increasing demand from various end uses such as new residential construction, new non-residential construction, new civil engineering, non-residential construction renovation, civil engineering renovation and residential construction renovation. In addition, increasing use of integral waterproofing compound in the construction industry due to increasing construction activities in developing countries such as China, India, South Korea, Brazil, and South Africa has further given rise to the demand for integral waterproofing compound in the construction sector, globally. Furthermore, rise in investment to develop transport infrastructure globally has increase the demand for integral waterproofing compound in the recent years.

The construction industry has been significantly developing since 2010, and most of the development has been attributed to technological advancements in this field. The ecosystem of the integral waterproofing compound market for the 3D printing industry comprises raw material suppliers, manufacturers, and end users. The market is in mature state with China in the forefront followed by Asia-Pacific, Middle East and Africa, Europe, North America, South America, and the U.K.

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Some of the factors behind the expansion of the global integral waterproofing compound market are increasing residential construction activities to accommodate growing population in developing countries and increased development in the transportation industry to provide seamless and congestion-less transportation to the population. However, less awareness is a major factor inhibiting the market growth.

A liquid integral waterproofing compound is used in all types of concrete and mortar, because it helps in increasing the impermeability of structure. The liquid-based integral waterproofing compound is ready to use and can be easily dispersed in the mixture. The use of liquid-based integral waterproofing compound help in obtaining superior strength. In addition, due to increased permeability, it helps in complete hydration of cement. Furthermore, as these compounds are chloride-free, they can be used with any kind of cement including sulphate resistance cement. Advantages such as increase in water tightness to a great degree, better finish due to reduced shrinkage, improved workability, and low rebound loss have led to an increase in the consumption of liquid-based integral waterproofing compound.

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