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Silicone is a material, known for specialty and high performance, due to the product’s high resistance towards UV radiation, humidity, heat, etc. The silicone polymers are highly resistant to high and low temperatures. Owing to its flexible molecular structure, silicones can be molded into oils, rubber, liquids, greases, semi-viscous pasts in numerous industries such as textile, automotive, aerospace, construction, healthcare, and others. The specialty silicone market size is anticipated to grow significantly over the projected period majorly owing to the rise of product consumption, mainly in the construction industry coupled with rising innovative applications in the new corridors.

Market Dynamics

The up-surging product demand from the electrical & electronics end-use industry, owing to numerous advantages of specialty silicones, mainly elastomer silicone, acts as a key driver for the market. Its advantages including profound electrical insulating characteristics, high thermal conductivity, easy fabrications, and several others are fueling the product demand from the electrical and electronics industry. This is more likely used for electrical insulation operations, owing to its high dielectric strength, ozone resistance, ultraviolet radiation, sustainability at high temperatures. Additionally, they are also known for their hydrophobic characteristic properties, which do not facilitate surface insulation failures applicable in numerous industries such as construction, electrical & electronics, textile, and others. Furthermore, the product has its additional applications in signage, architectural lightening, automotive headlamps, lamps and luminaries and lights for car interiors. Therefore, the rising applications in the numerous industries will boost the specialty silicone market in the coming years.

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The high cost of silicones and its risks to human could be a restraining factor for the growth of global specialty silicone market share. However, numerous research organizations such as EU’s Scientific Committee on Consumer Safety and Cosmetic Ingredients Review are concluding that the use of silicone does not pose risk when exposed to humans in various industrial and consumer applications.

Product Insights

Elastomers segment in the global specialty silicone market size is anticipated to hold the prime position in the global market, owing to its expanding applications in numerous industries, majorly in construction followed by personal care. Elastomers are considered to last longer and work better with silicone sealants, adhesives, and coatings for application in the construction end-use industry. The use of this product will result in the stronger joints in buildings and better protection from UV rays, heat, and corrosion. Moreover, the use of elastomers facilitates innovative structures to the buildings, which will be a key factor for the growth of silicone elastomers, which in turn drives the global specialty silicone market over the projected period.

End-use Industry

Specialty silicone market share for construction end-use industry is anticipated to be dominant in the global market followed by electrical & electronics, and personal care. The rising prevalence of specialty silicone in construction industry owing to its strong sealing characteristics, coupled with structural glazing applications will fuel the specialty silicone demand for use in the construction industry. According to Insights and Reports analysis, the construction industry is expected to be one of the largest industries in the U.S., reaching approximately to US$ 1.05 trillion by 2020. Moreover, China’s construction industry has also gained 16.3% growth in terms of value in 2016. Therefore, the rising construction market would facilitate the substantial growth of the specialty silicone market over the coming years.

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Regional Outlook

Asia Pacific specialty silicone market size is perceived to be the fastest growing market over the forecast period, majorly owing to the rapidly rising of construction industry mainly in developing economies such as India and China. Increasing investments by the key companies to initiate their presence in the specialty silicone market will drive this market significantly. For instance, in September 2017 Evonik has initiated with its new manufacturing unit in Shanghai, China for the production of specialty silicones for the use in multiple industries including textile, electronics, construction, healthcare, and personal care.

North America specialty silicone market share is expected to hold the prime share in the global market owing to the wide use of sealants in the automobile industry due to its key characteristics such as insolubility, adhesion and corrosion resistance. According to the OICA, the production of vehicles including cars and vehicles accounted for 11.2 million in 2017 in the U.S. Therefore, the established automobile industry would propel the growth of specialty silicone market.

Competitive Landscape

Key players in the global specialty silicone market include Momentive Performance Material Inc., Dow Coming, Ashland Incorporated, KCC Corporation, Shin Etsu, Evonik, Specialty Silicone Products Incorporated, Wacker, Quantum Silicones, Elkem, Penta and several others.

Mergers & Acquisitions, product launch, and investments are the underlying strategies which are adapted by the key players in the global specialty silicone market to attain a strong position.  For instance, in September 2018, Momentive Performance Material Inc. and SJL Partners, Wonik QnC Corp and KCC Corp announced strategic merger agreement collectively whereby acquiring Momentive which is leading supplier of specialty silicone in its 24 production sites, at the value of approximately US$ 3.1 billion. It will result in a broadening of geographical reach for the sale of their products.

Offshore wind energy is also known as offshore wind power. It utilizes wind farms constructed offshore or on continental shelves to harvest the energy generated by the wind. The offshore wind systems are constructed in places such as coastal water areas, lakes, fjords, and other types of coastal areas. They utilize conventional wind turbines with fixed bottom technologies. Deep-water areas utilize various types of floating wind turbines.

Market Dynamics

Increasing focus towards the replacement of traditional power sources such as fossil fuels, petroleum sources, etc., in order to reduce greenhouse gas (GHG) emissions across the globe will significantly drive the offshore wind energy market. Moreover, the potential of offshore energy is increasing. According to a study by GWEC, global offshore wind power capacity was nearly 18,814 megawatts (MW), by the end of 2017, and will continue to rise over the coming years. Additionally, favorable regulatory policies towards the optimum extraction of energy from renewable sources will positively sway the market in further.

Increasing focus of the governing bodies to reduce the GHG emissions will open some significant opportunities for the offshore wind energy market to grow over the coming years. According to an announcement by the Chinese government in 2016, they started an action plan to reduce emission level to nearly 18% by 2020.

Escalating prices of electricity, coupled with space constraints for the generation of solar electricity will boost the offshore wind energy market additionally over the coming years. Moreover, increasing positive outlook regarding the integration and development of huge wind turbines, coupled with the technology advancements regarding the blade sizes, and turbine efficiencies will further augment the additional market growth prospects till the end of 2025.

Huge capital costs involved in the setting up of wind turbines for the generation of offshore wind energy market is one of the major factors, which restrains the offshore wind energy

market growth over the coming years.

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By Component

By component, the offshore wind energy market has been segmented into turbine, electrical infrastructure, and structure. Offshore wind energy turbine is expected to hold the large share of the overall revenue, as the turbines play a pivotal role towards the performance and feasibility of overall wind turbine. Moreover, technological developments such as high turbine sizes, innovative blade designs, etc. to generate an optimum energy through offshore installations are the key factors enhancing the product demand over the projected period.

Regional Analysis

North America offshore wind energy market is expected to dominate the global market over the entire projected period, majorly dominated by the U.S. The offshore wind energy generated in the U.S. reached to 1 MW by the end of 2017. Key players in the offshore wind energy market are continuously discovering new potential sites, to increase the electricity generation and are also investing to increase the offshore electricity, which will significantly drive the North America offshore wind energy market. For instance, in April 2018, U.S. Business Network for Offshore Wind, in collaboration with Société Générale, held a workshop in coordination with offshore energy experts to improve the investments in the U.S. offshore energy sector.

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Europe offshore wind energy market will grow at a high CAGR, on account of favorable government regulations, along with reforms to improve decarbonization and also due to various energy security initiatives. Growing investments by key players in order to explore the potential of offshore wind energy will further boost the market over the projected period. According to stats by Wind Europe, the investments in this sector till 2017 was over US$ 59.0 billion. The investments are increasing with growing interests from public transactions, and mergers.

Competitive Landscape

Some of the notable players in the global offshore wind energy market include Vestas, Enercon, Nordex Acciona, GE, Senvion, Siemens Gamesa, Goldwind, MHI-Vestas, Envision Energy, United Power, Mingyang, Suzlon, WEG SA, Wobben, Clipper, Impsa, LM, Bergey, Northern Power Systems, Enessere, Global Energy Services, RTS, Prysmian, Availon, Furukawa Electric, General Cable, Nexans, Southwire, Sumitomo, and LS Cable among several others.

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The Global Heat Exchangers Market was over US$ 14.7 billion in 2017 and is projected to expand at a CAGR over 7.2% during 2018 – 2025.

Heat exchanger is an industrial device used for heat transferring from one fluid to other under specific operating conditions. It finds various end-use industries such as chemical, oil & gas, pharmaceutical, etc. Improving technologies, coupled with tightening regulations regarding the use of energy-efficient technologies in manufacturing companies in certain countries have helped the growth of heat exchangers market.

Rising concerns regarding use of non-renewable energy resources are predicted to further boost the market growth in developing, as well as developed countries including the U.S., Japan Germany, and the Netherlands. Remarkable growth in renewable energy consumption over the past few years is projected to further augment the heat exchanger market growth. Moreover, growing nuclear power generation will further provide significant growth opportunities for the heat exchanger demand to grow over the coming years.

Shell & Tube Heat Exchanger Had The Highest Share Of The Global Market In 2017

Shell & tube heat exchangers are the most preferred heat exchangers among all types. They are preferred mainly due to the advantages over other types. These exchangers are capable to transfer heat at very high temperatures. Moreover, these heat exchangers require less servicing and low maintenance. These exchangers are capable to operate with a wide range of operating fluids.

Shell and tube heat exchangers are of effective and sturdy construction. They can be manufactured at low costs, with operating capacities ranging from very low to high volumes. They are very flexible and are ideal for applications where continuous servicing and maintenance is required. These heat exchangers offer better solutions to various fluids, including sea water. When the sea water is used as a fluid, there is a risk of clogging the narrow spaces in tubes of heat exchangers. They can also provide a wide range of installation options, such as two-pass, three-pass, etc. These also act as an ideal solution for mining machinery, hydraulic power packs, and seawater-cooled vessels, etc.

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Steel-Based Heat Exchangers Are Highly Preferred Over Non-Steel Heat Exchangers.

Steel heat exchangers are highly preferred by all kinds of consumers across the globe. Steel offers good heat conductivity and is capable of being non-corrosive while operating with various fluids. Moreover, the prices of steel heat exchangers are economical throughout the globe.

Non-steel exchangers like graphite heat exchangers are gaining much attraction from every end-use industry. This is mainly due to the effective heat transfer operations, that can be carried out by graphite heat exchangers. The graphite heat exchangers market is in its nascent stage, as the exchangers based on this material are under development. Additionally, these heat exchangers are not-much preferred because of their high prices.

Heat exchanger construction requires materials which are capable of handling fluids at very high temperatures. Heat stresses can be developed in heat exchangers, due to very large temperature differences, which might create significant cracks in the material. Mechanical effects such as high-pressure operations, vibrations, and steam hammers within the heat exchangers pose a big challenge on the material used for the construction of heat exchangers.

Moreover, corrosion and deposits from the operating fluids or any other residues are also very important to consider while selecting the material of construction for heat exchangers. If not considered, they will significantly raise the maintenance requirements of heat exchangers. Each and every maintenance step cost more money and often causes a complete or partial failure of the heat exchangers. As per the manufacturing requirements from the continuous operation manufacturing plants, the maintenance interval must be low, and a robust material must be used in order to avoid these circumstances.

There are a wide number of materials available for the construction of heat exchangers. Among all of them, steel has proven to be a very durable, and reliable. Heat exchangers manufactured from steel are very resistant to corrosion and also deposits operating fluids.

Several manufacturers follow MIG and/or WIG procedure, and the heat exchangers manufactured by them are certified by many standards. For instance, DIN EN ISO 3834-3:2005 is one of the standards used to ensure the quality of heat exchangers.

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Chemical Is The Largest End-Use Industry, Followed By Oil & Gas For Heat Exchangers Market

The chemical industry is one of the fastest-growing and innovative end-use industries, with more than 70 percent of output being attributed by other industries across the globe, according to Insights and Reports.

The operating companies in the chemical industry require continuous requirement of heat exchangers, as most of the products are derived from raw materials. There will be a continuous need of heat transfer for all kinds of unit operations in the entire process of manufacturing.

The production of chemical products involves a complex sequence of unit operations and/or processes, such as from condensing, cooling, and heating for separation or evaporation requirements.

Globally, declining natural resources, geographical demographics, globalization, and tightening regulations are the key factors responsible to maintain the current demand. It is further anticipated, that developments in other areas such as fuel cells, environmental technology, biotechnology, and advanced materials will further augment the future product demand globally.

Increasing consumer purchasing capabilities, particularly in the Asia Pacific region, is significantly driving the demand for chemicals, along with the products which are derived from them. Additionally, diminishing petroleum reserves are further fueling the need for the development for new materials, like biomass.

According to Kelvion Holding GmbH, by end of 2030, more than half of top ten chemical companies will rise from Asia Pacific or the Middle East regions, with companies in Asia Pacific holding two thirds of the entire market. So, the demand for the manufacturing of chemical products is further projected to fuel, which in turn will amplify the demand for heat exchangers over the entire projected timeline.

Europe Is The Largest Regional, Followed By Asia Pacific For Heat Exchangers Market

The European Union (EU) already has some of the most industrialized countries, along with a well-established manufacturing end-use industry. The Europe heat exchanger market is projected to grow at a notable CAGR, as most of the nations in the Eastern Europe region are witnessing industrialization activities, creating a boost in their respective economies.

Several governing bodies in the European Union are taking several initiatives to increase the manufacturing sector in this region. Especially, countries present in Central and Eastern Europe may witness industrial activity growth in the coming years.

Germany, UK, France, and Poland are some of the economies in Europe, with a significant potential for heat exchangers market. The growth of industrialization in this region will certainly have a positive impact on the Europe heat exchangers market. Growing product consumption for operations such as air conditioning systems (HVAC), ventilation, and heating applications will attribute to the market growth in this region. Moreover, increasing cooling equipment in the residential sector, will witness an increasing need for heat exchangers in many parts of Western Europe region. Additionally, rising petroleum explorations in this region will proportionally increase the need for refining activities, thereby improve the product demand in further.

Multinational Players

Key players in the global heat exchangers market include Hindustan Dorr-Oliver Ltd., Alfa Laval AB, Danfoss A/S, Xylem Inc., Hisaka Works, Ltd., Hamon & Cie International, SPX Corporation, and API Heat Transfer Inc., among several others.

About Us:

Insights and Reports is a research and consulting group assisting the clients with 360-degree insights with real time qualitative and quantitative information. The Insights and Reports team is valued for continuous client-oriented services. Our data scientists monitor the markets pertaining to their expertise on a daily basis with the help of 150+ analysts to back them with accurate market studies.

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Mr.Saby

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Sealants are chemical products and is used in filling the gaps and form a hurdle for materials that are flowing between the structures.  Among the sealants family, silicone sealants are viscous material and is being used as sealants in various industry such as construction, automotive, industrial application, and others. Silicone sealants are primarily used in windows, facade and roofing systems, wall panels and partitions, due to their characteristics such as better adhesion to all substrates and moisture and weather resistance.

Silicone sealant is used in the wide range of application includes residential and industrial. Silicone sealants is used as the key ingredient, in structural glazing systems for bonding glass to the structural frames of the building. In addition it also offer UV resistance to prevent surface corrosion by reducing the diffusions of fluids, and dirt pickup. Silicone sealants primarily holds the passive fillers and are being articulated in combination with an elastomer to provide the required flexibility.

Market Dynamics

The Silicone Sealant market size is witnessing growth due to the increasing demand for silicon sealants across various industries such as construction, automotive, and others. Silicone Sealant is adopted due to the superior characteristics such as thermal and chemical resistance, high bonding qualities, and non-corrosion that is expected to accelerate the Silicone Sealant market growth.  In addition, with the growing technological advancement in the silicone sealant such as superior structural silicone glazing will enhance the efficiency of the product, which is likely expected to foster the product demand. 

Additionally, with the low viscosity associated with the product via radiation curing aids the application of the product on even substrates are also expected to accelerate the Silicone Sealant market share growth. However, with the emission of volatile organic compounds (VOCs) and rising environmental concerns is anticipated to hinder the market growth over the coming years.

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By Technology

On the basis of technology, the Silicone Sealant market is segmented as pressure sensitive, room temperature vulcanizing (RTV), radiation curing and thermoset or heat curing. Among which RTV, is anticipated to dominate the market over the coming years, due to consumption in the construction industry.  As, they provide longer protection against extreme environmental conditions, ultraviolet degradation, stress, and thermal and mechanical shock, thus are highly being adopted in the construction industry. 

Pressure sensitive technology in Silicone Sealant market size is expected to grow with the highest CAGR during the forecast period owing to substantial use in the automotive industry, as the technology enables the ease in application and adhesion of silicone sealants. In the automotive industry, they are primarily helping the manufacturers to produce lighter weight vehicles and greater long-term reliability.

By Curing Method

On the basis of curing method, the Silicone Sealant market is categorized as Acetoxy, Oxime, Alkoxy, and Others. Among which, Aloxy silicon sealant is dominating the market with the huge market in the construction industry with adhesion to various surfaces, and better performance. In addition, acetoxy sealants are anticipated to grow with the highest CAGR during the forecast period owing to the rising adoption in glass insulation sector, as they cure at the room temperature and are compatible with a variety of materials.

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 By End-Use industry

On the basis of end-use industry, the Silicone Sealant market share is categorized as construction, automotive, industrial application, and others.  The construction industry is dominating the market due to the characteristics of the products when compared with other sealants includes polyurethane, polysulfide, and acrylic.  In addition, they are used for flexible, reliable, and waterproof joints in various applications that range from small domestic renovations to river-spanning bridges in the construction industry. This factor is expected to continue with the construction industry leading the Silicone Sealant market over the coming years.

In addition, Silicone Sealant market share in automotive segment is expected to grow with the highest CAGR during the forecast period.  Silicone sealants are found to be productive for automotive industries. They prevent the components failures and also reduces the warranty repairs. Moreover, silicone sealants help in the optimization by preventing noise, vibration, and harshness (NVH), and even provide durability when it is applied to gaskets. For instance, Dow Corning HM-2510, an assembly sealant with green strength provides adhesion and offer air pressure leak testing, this helps in optimizing the lighting systems in automotive by reducing the cycle time of production.

Regional Insights

The Asia Pacific is expected to dominate the Silicone Sealant market owing to the expansion of industries and growing consumer disposable income are accelerating the market growth. For instance, the disposable incomes in this region are expected to grow by 78.0% (in real terms) over the coming years, spurring growth in the middle-class countries to include Malaysia, the Philippines, China, Singapore, Taiwan, Indonesia, and Thailand. In addition, high demand for the physical & chemical characteristic in various applications is further expected to dominate the Silicone Sealant market size growth.

North America, is the second largest Silicone Sealant market, the U.S being the major.  The market in the U.S is witnessing growth due to the increasing utilization of products to install firestop openings in the fire-resistance-rated wall and floor assemblies to decrease the impact of flames and smoke, which further boost the market growth over the forecast period. In addition, Europe, is expected to grow with the highest CAGR during the forecast years due to the renewed and repaired of various old buildings and infrastructural projects in Germany, and UK by using advanced materials such as silicone sealants and industrial adhesives, which is further anticipated to foster the Silicone Sealant market over the coming years.

Competitive Landscape

The players that are operating in the Silicone Sealant market globally include Dow Corning, 3M Company, Shin-Etsu Silicones, Bostik, H.B. Fuller, Wacker Group, RPM International, and Sika Group. The strategy most of the key players in the silicon sealant market adapt to grow include partnerships, mergers, new product, agreements, and procurement. For instance, in 2016, Henkel has introduced a new silicone adhesive sealant technology for electronics application to provide flexibility and high performance. The BERGQUIST TLB 400 SLT is a two-part silicone sealant that is used in automotive module applications. Its adaptable thermal cure profile makes it fully curable at temperatures from 77°F to 356°F.

About Us:

Insights and Reports is a research and consulting group assisting the clients with 360-degree insights with real time qualitative and quantitative information. The Insights and Reports team is valued for continuous client-oriented services. Our data scientists monitor the markets pertaining to their expertise on a daily basis with the help of 150+ analysts to back them with accurate market studies.

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Directional drilling handles the deviation and trajectory of the well during drilling process. It swerves a wellbore and discover the oilfields over a targeted location. Increasing demand for energy due to the urbanization & industrialization, shale gas revolution, and oilfield discoveries in offshore as well as onshore are the key factors driving the directional drilling service market. Directional drilling services have changed the oil and gas industry. Oil and gas can be extracted cautiously from the deep ocean floor economically using directional drilling. Directional drilling technology rises the area covered by a single rig, and also helps in saving capital expenditure.

 Market Dynamics

Increase in demand for petrochemical and chemical products and increasing exploration and manufacturing activities in various locations and deep waters are enhancing the oil & gas segment of the market. Environmental concerns and Volatility of the crude oil for instance oil volatility is 15% and the prices are 100US$ which means the oil prices may either increase or decrease by 15 % in the near future that may affect the prices during the drilling process and these are the key restraining factors for this market. The growing demand for enhanced drilling services from developing nations such as India & China along with growing demand to drill deeper and farther offshore, mainly in the unconventional reserve area, is projected to be the key growth opportunity factors for this market over the forecast period.

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Market Segmentation

The directional drilling services market has been categorized into type, services, technology, applications and geography. On the basis of type the market is bifurcated into rotary steerable system and conventional. Based on service the market is categorized into logging while drilling, RSS, motors, measurement while drilling & survey and others. Global directional drilling services market on the basis of technology is categorized into side tracking, well planning, wellbore positioning, automated drilling system, and torque & drag analysis among others. Application segment is bifurcated into offshore and onshore. The onshore segment held the largest market share in the recent years, due to the aging and maturing of onshore fields. Offshore oilfield activities are anticipated to hold the major chunk of the market over the forecast period owing to the developments of new projects on ultra-deep waters and deep in the recent years and these projects are growing rapidly. For instance, Shell is drilling in Brazil’s pre-salt basins in order to extract oil and anticipated to contain 80 billion barrels of oil reserves that may cost 40 US$ per barrel.

Regional Analysis

North America dominated the directional drilling services market in the recent years, due to the drilling of horizontal and directional wells in this region. The U.S. is the leading player in this region due to the growth in energy and power actions for shale gas in the Gulf of Mexico. Asia Pacific region is anticipated to hold the major chunk of directional drilling services market over the forecast period 2018-2025. This region is majorly driven due to the growing energy and power activities majorly in the countries such as India and China. China is one of the key consumers of oil & gas globally, it has planned to rise the natural gas consumptions as it can be a perfect replace coal as a major energy source owing to stringent government regulation. Whereas Middle East and Africa are the key market players for energy and power of crude oil. This is anticipated to increase in near future due to the rising production of offshore and onshore exploration activities.

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Directional Drilling Services Market: Key Players

The key players in directional drilling services market are Halliburton Company, weatherford International PLC., GE Oil & Gas, Cathedral Energy Services Ltd., Gyrodata Incorporated, Leam Drilling Systems, LLC., Baker Hughes Incorporated, Schlumberger Limited, Nataional Oilwell Varco, Inc., Nabors industries Ltd., Jindal Drilling & Industries Limited, Scientific Drilling International among other key players.

 About Us:

Insights and Reports is a research and consulting group assisting the clients with 360-degree insights with real time qualitative and quantitative information. The Insights and Reports team is valued for continuous client-oriented services. Our data scientists monitor the markets pertaining to their expertise on a daily basis with the help of 150+ analysts to back them with accurate market studies.

Contact Us:

Mr.Saby

Insights And Reports

2201 Cooperative Way #600,

Herndon, VA 20171, USA.

Tel: +1 703 574 4447

Email:sales@insightsandreports.com