Growing Demand for Epoxy is Aiding the Growth of Industrial Decorative Flooring Market

The mushrooming demand by several businesses and corporates for decorative floor coatings is proliferating the floor coatings market globally. The food industry is getting more inclined towards the usage of floor coatings, thus bourgeoning use of floor coatings in the food industry is also expected to foster demand for floor coatings in the near future. Innovation is the major opportunity for floor coatings market. Innovative products such as the architectural coatings that reflect the sun radiant heat are expected to generate high demand for floor coatings in the coming years. 

Quality, cost, color, and design are the prominent factors pushing the growth of the floor coatings market. According to MarkNtel Advisors’ research report “Global Industrial Decorative Flooring Market Analysis, 2020”, the global Industrial Decorative Flooring market is anticipated to grow at 3.5% CAGR during 2020-25.

COVID-19 has negatively impacted the global decorative flooring market in 2020. The suspension of construction-related activities across the globe owing to lockdowns impacted the global construction material value chain. 

Asia-Pacific Region Showcasing Positive Growth

The driving forces for the growth of the Asia-Pacific region are favorable government norms and standards for safety and environmental agreement, along with the easy availability of cheap labor, which is attracting the major players across diverse industries to set up production facilities in these countries. Moreover, the surge in demand in the region for protective coatings can be largely attributed to the growing industrial, infrastructural & construction, marine, and automotive industries. Therefore, considerable growth is expected to be witnessed throughout 2025 in the Asia-Pacific region.

Concrete Segment is Gaining Popularity

The concrete segment is the fastest-growing segment in the industrial floor coating market and bagged the majority of the market share in 2019. Lower cost of concrete, its higher durability and tensile strength are some of the factors pushing its growth in industrial decorative floor market. The materials used in concrete make it a broadly used material for the construction of industrial floors, thus, the segment is expected to showcase commendable growth during 2020-25.

Epoxy Segment is the Fastest Growing

The epoxy segment is dominated the market with the highest market share in 2019 and is also projected to showcase positive growth in the coming years. The growth of epoxy can be attributed to its properties, such as resistance to chemicals, high adhesion, impact resistance, flexibility, and solvents. Furthermore, this segment is also projected to be the fastest-growing segment in the global industrial floor coating market as revealed by the MarkNtel Advisors’ research report “Global Industrial Decorative Flooring Market Analysis, 2020”.

According to MarkNtel Advisors’, Sika AG, Sherwin williams company, MAPEI, LATICRETE International Inc., BASF SE, Arkema S.A., Henkel AG & Company, KGaA, RPM International Inc, Akzo Nobel N.V., PPG Industries, Covestro AG, The Lubrizol Corporation, Michelman, inc., Kansai Paint Co., Ltd., The Jotun Group, Nippon Paint, Asian Paints, Teknos Group, Tikkurila Oyj, Florock are few of the leading players in the Global Industrial Decorative Flooring Market.

“Global Industrial Decorative Flooring Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Industrial Decorative Flooring providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. By Floor Material (Wood, Concrete, Other Floor Material (Stone, Granite, Tiles)), 
2. By Technology (Epoxy, Polyurethane, Cementitious, Acrylic, Polyuria, Polyaspartic, Other Resin Types), 
3. By Component Type (Primer, Base Coat, Grout / Seal Coat, Top Coat), 
4. By End-User Application (Food, Beverage & Pharma, Automotive & Engineering, Airports, Bus Stations, and Train Terminals, Logistics & Distribution, Commercial (Schools, Museums, Retail, Leisure, Healthcare Facilities and Others, Commercial and Public Buildings), Others), 
5. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, China, India, Japan, South Korea, Australia, South East-Asia, UAE, Saudi Arabia), 
6. By Company (Sika AG, Sherwin williams company, MAPEI, LATICRETE International Inc., BASF SE, Arkema S.A., Henkel AG & Company, KGaA, RPM International Inc, Akzo Nobel N.V., PPG Industries, Covestro AG, The Lubrizol Corporation, Michelman, inc., Kansai Paint Co., Ltd., The Jotun Group, Nippon Paint, Asian Paints, Teknos Group, Tikkurila Oyj, Florock, etc.)

Key questions answered in the study

1. What are the current and future trends of the industrial decorative flooring industry? 
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the industrial decorative flooring industry?
5. What are the customer orientation, purchase behavior, and expectations from the industrial decorative flooring firms across various regions? 

Upcoming Waste to Energy (WTE) Plants is Expected to Uplift the Demand for Waste to Energy Market

Rapid industrialization and commercialization in countries such as India, China, Japan, and South Korea are leading to the generation of huge amounts of waste. Thus, mushrooming governments' concerns for the waste generated are forcing them to take initiatives for converting the waste to energy and encourage sustainable living which is driving the growth of waste to the energy market in the Asia-Pacific region. Other factors attributing to the growth are the budding focus of governments towards energy production and renewable energy sources are amplifying the growth of waste to the energy market. South Korea’s more than 60% of renewable energy is derived from waste.  

According to MarkNtel Advisors’ research report “Asia-Pacific Waste to Energy Market Analysis, 2020”, the Asia-Pacific Waste to Energy market is anticipated to grow at a CAGR of around 10.75% during 2020-25. The surging number of waste to energy plants (WTE) with government support is aiding in the growth of the market. Several countries are planning to set up WTE plants in the near future. For instance, Malaysia announced to open its first waste to energy plant before 2025. Indonesia’s 12 waste to energy plants are under construction which is expected to get completed by 2022.  

Municipal Waste Grabbed the Majority of the Market Share

The municipal segment bagged the largest market share in 2019 owing to the alarming levels of waste generated from the residents in the region. Thus, to curb this the governments in several countries have announced several projects and investments to convert solid waste for energy production. One such investment announced by India is of USD 55 million with a target of 200MW under the waste to energy program for treating the municipal waste. Therefore, the segment is expected to showcase stimulating growth throughout 2025.

China is Outpacing Other Countries in the Region

Japan grabbed the major market share in 2019 as due to substantial number of waste to energy plants as compared to any other country. As per the Environment Ministry, the country had 380 waste to energy plants operational in 2019 and the country recycles around 84% of the total plastic. However, China is emerging as the leader of waste to energy market in recent years. In 2020, the country is expected to have around 600 waste to energy plants that would produce 600 gigawatts of energy. Therefore, the accentuated demand rising from developing countries is expected to escalate the waste to the energy market as revealed by the MarkNtel Advisors’ research report “Asia-Pacific Waste to Energy Market Analysis, 2020”.

According to MarkNtel Advisors’, few of the leading players are in the Waste to Energy market are Suez S.A, Veolia Environment, C&G Limited, Waste Management Inc., Keppel Seghers, Babcock & Wilcox Company, Hitachi Zosen, Covanta Energy, Amec Foster Wheeler, Evoqua Water, etc.

“Asia-Pacific Waste to Energy Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Waste to Energy providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. By Technology (Thermal, Biological, Physical), 
2. By End-User (Municipal Waste, Agricultural Waste, Industrial Waste), 
3. By Country (China, India, Japan, Australia, Thailand, South Korea, Indonesia, Philippines, Malaysia and Vietnam, Others),
4. By Company (Suez S.A, Veolia Environment, C&G Limited, Waste Management Inc., Keppel Seghers, Babcock & Wilcox Company, Hitachi Zosen, Covanta Energy, Amec Foster Wheeler, Evoqua Water, etc.) 

Key questions answered in the study

1. What are the current and future trends of the Waste to the Energy industry? 
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Waste to the Energy industry?
5. What are the customer orientation, purchase behaviour, and expectations from the Waste to Energy firms across various regions? 

UAE Managed Security Services Market Analysis, 2020

Intensifying Malware and Encrypted Attacks Catalysing the Growth of UAE Managed Security Services

The government's focus on digital transformation and securing cyberspace has been proliferating the managed security services in UAE. The country recognizes itself as a regional financial hub for the Middle East and Africa due to massive private investments in the banking and financial services segment. Therefore, IT security investments from BFSI have been soaring at a faster pace. 

Moreover, with the growth in the emerging concept of Bring Your Device (BYD) concept and alarming concerns for malware encrypted attacks is accelerating the growth of UAE managed security services. Other factors promulgating the growth of managed security services are growing cybercrime, emanating concerns regarding zero-day attacks, Synchronization (SYN) floods, etc. The intensifying number of such cybercrime attacks in numerous sectors, especially the banking & financial sector, is expected to result in a snowballing number of organizations across the country opting for managed security services (MSS) over the next five years. 

According to MarkNtel Advisors’ research report “UAE Managed Security Services Market Analysis, 2020”, the UAE Managed Security Services Market is anticipated to grow at a CAGR of around 13% during 2020-25.

Cloud-Based Segment Registered a Proliferated Growth

The cloud-based segment dominated the overall UAE managed security services market in 2019. The segment is projected to maintain its dominance throughout 2020-25. The Cloud-based MSS offers higher secrecy as compared to CPE, as revealed by the MarkNtel Advisors’ research report “UAE Managed Security Services Market Analysis, 2020”.  Few of the major MSS players operating in the UAE include Injazat Data Systems LLC, Emirates Integrated Telecommunications PJSC, and DTS Solutions, etc.

Snowballing Demand for Security Asset Management Monitoring & Management Services

The Security Assets Monitoring & Management (SAMM) Service coupled with intrusion detection grabbed the maximum market share in the UAE managed security services market in 2019. Bolstering software-defined networks (SDN), the Internet of Things (IoT) coupled with propelling the role of digitalization across several enterprises, including cloud migration is inducing the demand for such security services. Furthermore, owing to rapid organization expansion in the country and the need for real-time monitoring skyrocketing data volumes anticipated to accentuate the demand for SAMM service in the coming years.

Banking, Financial Services & Insurance Segment is Witnessing Accentuated Growth

On account of the higher probability of cyber threats in the banking sector, the growth of managed security segments is soaring in the UAE. It is necessary for the banking organizations to use managed security services as they maintain highly confidential data of user transactions, customer including biometrics. In 2020, it has been found that more than 70% of the cyber-attacks were centered at BFSI institutions, where financial gain was the main objective behind the attack. Additionally, several government compliances make it mandatory for companies in the energy sector to adopt MSS for managing their routine activities.

According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Managed Security Services market include DTS Solution, Dark Matter, McAfee, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc. 

“UAE Managed Security Services Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Managed Security Services providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. By Sectors (Healthcare, Energy, BFSI, ICT, Other Sectors), By Services (Security Asset Monitoring & Management, Threat Intelligence, Research, Detection & Remediation, Risk & Compliance Management, Advance & Emerging Managed Security Services), 
2. By Deployment Mode (Cloud Based and Customer Premise Equipment)
3. Region (Dubai, Abu Dhabi, Others), 
4. By Company (DTS Solution, Dark Matter, McAfee, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc.)

Key questions answered in the study

1. What are the current and future trends of the Managed Security Services industry? 
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Managed Security Services industry?
5. What are the customer orientation, purchase behavior, and expectations from the Managed Security Services firms across various regions? 

Middle East canned food market is boosting by 2025

The Middle East canned food market recorded significant growth from the past few years due to changing customer lifestyle and rising disposable income. Moreover, surging demand for canned foul moudames and baked beans in the countries including Saudi Arabia and Bahrain is further supporting the Middle East market to grow.

The government initiatives such as offering daycare centers, flexible time arrangements at work units and maternity leave pay, etc. are inspiring women of the Middle East for work participation. To eliminate the burden of cooking on weekdays, working women start preferring canned food in the region. Therefore, is projected the Middle East canned food market is boosting by 2025.

Fruits: Canned fruits have a large shelf life in comparison to fresh fruits. Canned packaging includes the usage of heating and storing methods in airtight containers, this helps to abolish the microorganism that causes food decay which in turn the shelf life of fruits is rising. Therefore, the canned fruits segment is increasing since 2015.

The rising demand for portable packaging, surging number of nuclear families, and growing awareness about canned fruits are supposed to augment its demand over the next 5 years.

The canned fruits are also available for babies in the Middle East region. The growing concern among parents regarding provide nutritious and healthy food, inconvenience, and less availability of fresh fruits is increasing the demand for canned fruits for babies from the past few years.

UAE: UAE is one of the leading emirates that driving the Middle East canned food market since 2015. The factors that drive the UAE market are mentioned below:

The customer base of canned food is surging in Dubai & Abu Dhabi due to the rising number of expatriates from Europe and Asian countries. According to the Government of Dubai, 92% of population is living in Dubai are non-emirates.

The retailers bring products easily accessible for customers, the availability of a huge number of retailers in Dubai and Abu Dhabi region is further supporting the UAE canned food market to augment since 2015.

The increasing demand for convenient food due to customers' busy lifestyles and propelling trend of canned meat in UAE is also boosting the UAE canned food market.

Asia-Pacific diagnostic market escalating case related to diseases

Asia-Pacific diagnostic imaging market is rising due to an escalating number of cases related to cancer, heart diseases, lungs and kidney diseases, etc. among inhabitants. The early detection of diseases is surging treatment efficacy. The increasing awareness regarding early diagnosis is generating the necessity to add more diagnostic imaging systems in healthcare units. Consequently, the Asia-Pacific diagnostic imaging market would experience a positive growth during the forecasting years.

The introduction of diagnostic imaging systems with advanced technologies such as artificial intelligence, machine learning, and deep learning improves the productivity of diagnostic imaging through declining diagnostic error, accomplish analysis work, etc. This reason is further supporting the growth of the Asia-Pacific diagnostic imaging market.

For instance: Siemens launched the ACUSON Redwood Ultrasound System with artificial intelligence-powered tools for smart work.

Hospitals: The hospital category is anticipated to manage the maximum share in the Asia-Pacific diagnostic imaging market in the forecasting years. The factors that support the positive growth of the hospital segment are as follows:

Hospitals provides treatment from various diseases, hence, it is the first preference for diagnosis among inhabitants.

The rising middle-class inhabitants in the Asia-Pacific region, surging the number of patients who are able to bear hospital costs. Hence, more individuals are preferring hospitals for the treatment of chronic diseases resulting in hospitals adopting diagnostic imaging machines for better treatment through identifying the affected part of the body.

The enhanced healthcare infrastructure in South East Asia particularly in Thailand, Malaysia, and Indonesia due to government assistance is estimated to raise the demand for diagnostic imaging components in hospitals.

The Construction of smart hospitals is further supporting the hospital segment to grow over the next 5 years.