Chemicals and Materials

Format: 2016-09-01
Format: 2016-09-01
September 01, 2016 | 46 Pages | SKU: IRTNTR10112

Outlook of the wood manufacturing market in Bulgaria

During the forecast period, the market for wood manufacturing in Bulgaria will grow steadily at a CAGR of almost 4% by 2020. The recent increase in the inflow of FDI will help to spur this market’s growth prospects over the next few years. With the growth of the furniture industry, large companies are setting up facilities closer to forests to reduce transportation costs. Kronospan, an international company that manufactures wood-based panels, has invested USD 110 million since 1997 for the modernization of its plant in Burgas. In 2011, the company invested an additional USD 119 million to enhance its production capacity of particle boards to 17.65 million cubic feet per year. With the increasing inflow of FDI, manufacturers can invest in modernizing their existing wood processing facilities, which will, in turn, increase their yield and lower operating costs.

This market research report also identifies factors like the high demand for wood flooring to incite growth in this market during the forecast period. Technavio’s market research analysts have estimated that Eastern European countries account for 4.3% of the global spending on wood flooring. The demand for wood flooring is expected to contribute to a rise in the demand for semi-finished products such as medium-density fiberboards, which are extensively used for a wide array of wood flooring applications.

Competitive landscape and key vendors

This market is characterized by the presence of intense competition among the vendors. The level of competition among the vendors will intensify with an increase in product/service extensions, technological innovations, and M&As. The international players in this market are expected to grow inorganically by acquiring regional or local players.

Top manufacturers in this market are -

September 01, 2016 | 60 Pages | SKU: IRTNTR9937

Overview of the water soluble fertilizers market

Extensive research carried out by the analysts at Technavio has shown that the water-soluble fertilizers market will witness steady growth at a CAGR of more than 5% over the forecast period. The rise in urbanization, population growth, industrialization, and energy demand has augmented the conversion of cropland to other industrial and domestic uses. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), developing economies including India, and China requires an additional 120 million hectares of land to fulfill the food needs of their consumers by 2030. Moreover, arable lands are also getting wasted owing to deforestation and improper agricultural practices, which is leading to a significant loss of production yield. Water-soluble fertilizers help farmers maximize production in a sustainable manner and also accelerate the growth of crops and maintain the overall health of the plants, which will impel this market’s growth in the coming years.

Over the years, practices for soil fertility management have gained prominence mainly because of loss of arable land and an upsurge in the demand for food. Soil fertility management practices involve conservation tillage, rotation of the crop, and optimal utilization of fertilizers and pesticides. Farmers around the world are adopting soil management practices to improve the quality and quantity of agricultural production. These methods involve the use of chemicals and fertilizers for agricultural purposes. The increasing adoption of soil management practices for maintaining soil sustenance will drive this market’s growth during the forecast period

September 01, 2016 | 47 Pages | SKU: IRTNTR10109

Overview of the aluminum manufacturing market in Bulgaria

Market research analysts at Technavio have predicted that the aluminum manufacturing market in Bulgaria will witness steady growth at a CAGR of more than 1% over the forecast period. A rise in purchasing power and increased urbanization have led to an augmented demand for both indoor and outdoor furniture. Cast aluminum patio furniture is a type of outdoor furniture that has become increasingly popular in the last few years. These products are lightweight and inexpensive compared to wood, and more resistant to corrosion from iron or steel. Moreover, aluminum furniture is highly durable attractive, and require minimal maintenance, which is expected to fuel its demand over the next four years.

Aluminum is considered an ideal material for electronic components because of its light weight, structural strength, and corrosion-resistant properties. Besides, the global mobile manufacturers such as Apple and HTC, local manufacturers like Allview also use aluminum extensively in their products. The demand for electronic devices is expected to increase steadily during the forecast period due to a rise in consumer expenditure and purchasing power of the general population, which, in turn, will propel the growth prospects of the aluminum manufacturing market in Bulgaria.

Competitive landscape and key vendors

The aluminum manufacturing market in Bulgaria is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially in terms of quality, technology, and pricing. The competitive environment is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. The market is highly

September 01, 2016 | 42 Pages | SKU: IRTNTR10111

Outlook of the Bulgarian fabricated metal products market

The fabricated metal products market in Bulgaria will grow at a steady rate and will generate revenues of over USD 1 billion by 2020. Among the numerous market drivers, the recent increase in the construction of infrastructure in this region will aid in the steady growth of this market during the forecast period. The government of Bulgaria is investing extensively in the development of infrastructure in the country to bring it on par with the other EU nations. In Bulgaria, more than USD 1.51 billion has been allocated for the development of infrastructure in the country under the Regional Development Program. The development and rehabilitation of the railway infrastructure is also planned under this scheme. Since the construction projects are technology and material intensive in nature, they require a continuous supply of a wide variety of fabricated metal components.

The recent growth of machining, treatment, and coating of metals segment will also lead to the growth of this market during the forecast period. Due to the increase in FDI inflow, many new manufacturing facilities are being established in this region. Manufacturing companies rely heavily on manufacturers of fabricated metal products for the supply of machined parts, and for treatment and coating of metals. Owing to this increase in industrial and manufacturing activity, the machining, treatment, and coating of metals segment is experiencing accelerated growth in Bulgaria.

Competitive landscape and key vendors 

This market is competitive and is primarily dominated by the large players as they account for a major part of the market’s overall share.

Top manufacturers in this market are -

  • 3A Steel
  • Alcomet
  • Autonom Metall

August 31, 2016 | 79 Pages | SKU: IRTNTR10242

Overview of the global vitamin ingredients market

Market research analysts at Technavio predict that the global vitamin ingredients market will grow at a CAGR of close to 5% between 2016 and 2020.  The growing applications of vitamins in the supplement industry is one of the major factors driving the growth of this market. Besides recommending multivitamins for children, physicians have started prescribing vitamins during conception and prenatal development. Several doctors are encouraging the intake of supplements such as vitamin A, C, D, and E, B-complex vitamins, and multivitamins as an essential part of good prenatal health. Vitamin D supplements are gaining extensive popularity among breastfeeding and pregnant women for the better health of their children. These supplements are also taken by people above 65 years of age, those with less exposure to the sun, and for children aged between six months to five years. Such extensive applications of vitamin supplements are pushing vitamin supplement manufacturers to invest in R&D to find out the types of nutrients required by different people.

APAC is the largest revenue-contributing region in the vitamin ingredients market and is anticipated to occupy more than 40% of the overall market revenue over the next four years. Increased marketing initiatives and promotions by vendors along with changes in lifestyle are contributing to the growing demand in countries such as India. Rapid urbanization and lifestyle changes are prompting pregnant women toward healthy dietary options, resulting in

August 30, 2016 | 64 Pages | SKU: IRTNTR8612

Overview of the global thermoformed plastics market

The market research analyst at Technavio predicts that the global thermoformed plastics market will grow progressively and post a CAGR of approximately 5% by 2020. The increasing usage of thermoformed plastics in food and healthcare packaging will be one of the primary drivers for this market. Thermoformed plastics in the form of clamshells will be used extensively in the food packaging industries because of its superior resistance to bacteria, odor, and moisture. Furthermore, the injection molded plastics will be used for the manufacturing of medical disposables and medical devices because of their unique engineering and designing properties including surgical gloves, plastic scissors, urology disposables.

Market analysts predict that the Americas will be the fastest growing market and will post a CAGR of around 5% by 2020. Among all the regions in the Americas, the US is envisaged to be the largest consumer of thermoformed plastics. The government in this region has implemented strict regulations to control emissions from vehicles. The implementation of such regulations has led to the replacement of metal parts with engineering plastics. Furthermore, with the extensive use thermoformed plastics in the packaging industry, the market in the Americas will exhibit strong growth over the next few years.

Competitive landscape and key vendors

The market is highly competitive and is dominated by a few major players. The manufacturers will invest in technological innovations and the development of products with thick and thin gauge thermoforming, vacuum forming, pressure forming, and plug assist.