Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US) are Leading Players in the Washed Silica Sand Market

The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast year. Washed silica sand refers to silica sand that undergoes a washing and rinsing process after mining. Salt, clay, and other powders and dust are washed out of the overall mixture. It often undergoes additional separating and classification into grain sizes or grit sizing. Washed silica sand comes in coarse, medium, fine, and ultra-fine granule sizes. Washed silica sand is used for various applications, such as glass, foundry, ceramic & refractories, filtration, abrasives, metallurgical silicon, and oil well cementing.

The washed silica sand market has thousands of companies which thrive in their domestic market. A few of the major players are, Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), among others. These players have adopted various growth strategies, such as merger & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.

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Merger & acquisition accounted for the largest share of all the strategic developments that took place in the washed silica sand market between 2017 and 2020. Key players such as U.S. Silica Holdings, Inc., and VRX Silica Limited adopted these strategies to enhance their business, market presence, and meet consumer demand.

SCR- Sibelco NV is a global material solutions company. It provides specialty industrial minerals, particularly silica, clays, feldspathic sand, and olivine. The company operates different business segments, namely, Covia, Build Environment; Disposal Group Lime, Glass Solutions; Coating, Polymer & Chemical Solutions; and Water & Environment Solutions. Covia operates with 50 million tons of active production capacity. The company produces the crystalline forms of silica – quartz and cristobalite – as both sands and flours. For industrial use, pure deposits of silica capable of yielding products of at least 98% SiO2 are required. The company has three major silica sand production facilities worldwide. It has 114 production sites that are operating in 31 countries worldwide.

U.S. Silica Holdings, Inc. engages in the provision of commercial silica products. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The company operates in the US and Canada. It operates 23 production facilities in the US. It controls 489 million tons of reserves of commercial silica, which can be processed to make 197 million tons of finished products.

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Impact of COVID-19 on global steel wire market

The steel wire market is expected to witness a decline in 2020 due to the COVID-19 pandemic. This deadly virus has adversely affected the entire globe, especially the North American and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities. This has led to a reduction in the consumption of steel wires across industrial manufacturing, mining, automotive, aerospace & defence, and other industries.

The global steel wire market size is expected to grow from USD 93.1 billion in 2020 to USD 124.7 billion by 2025, at a CAGR of 6.0% during the forecast period. Steel wire is extensively being used in the construction, automotive, energy, agriculture, industrial, and other end-use industries. The increasing construction & infrastructure projects support the demand for steel wire in the construction end-use industry.

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Recovery in automotive end-use industry post COVID-19

The automotive end-use industry is the worst-affected industry due to the COVID-19 pandemic. The automotive demand fell by 19% in the first ten months of 2020 as compared with 2019. According to the World Steel Association, the consumption of finished steel is expected to fall by 17% in 2020 in the automotive end-use industry; the consumption is expected to grow in the post-pandemic situation. The finished steel consumption is expected to grow by 13% globally. Europe is the hub for the automotive industry; the growth in the automotive sector is an opportunity for steel wire manufacturers in the region. Also, various governments have offered stimulus packages for the automotive industry in the European region, which is expected to help the automotive manufacturers in the region.

Need to maintain uninterrupted supply chain and operate at full capacity post COVID-19

The global construction, automotive, mechanical manufacturing, and metal industries have witnessed adverse and immediate consequences of the COVID-19 pandemic. These are the worst-affected industries, and the biggest challenge for steel wire manufacturers is to resume production at their original capacities and make up for the revenue loss and damage caused by the pandemic. The COVID-19 pandemic has created ripples across the global steel wire industries due to the closure of national and international borders, leading to disrupted supply chains. The challenges in the current and future scenarios for the steel wire industry are to ensure the smooth flow of global supply chains, responsible for rapidly transporting materials and components across borders and fabrication facilities. These industries have to make up for the delays or non-arrival of raw materials.

APAC held the largest market share in the steel wire market

The region has a largest share in the steel wires market owing to its increasing demand from construction & infrastructure projects, growing automotive production, growing energy transfer infrastructure, and increasing industrial manufacturing. The region has presence of number of tire one manufacturers, electricity consumption is growing in the region which has huge opportunity for steel wire markets in these sectors.

Key Market Players

The key players in the global steel wire market are:

ArcelorMittal (the Luxembourg),
Nippon Steel (Japan)
JFE Steel Corporation (Japan)
Bekaert SA (Belgium)
Tata Steel Limited (India)
Kobe Steel Limited (Japan)
The Heico Companies (United States),
Ferrier Nord (Italy)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the steel wire industry. The study includes an in-depth competitive analysis of these key players in the steel wire market, with their company profiles, recent developments, and key market strategies.

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Steel Wire Market Competitive Analysis with Growth Forecast Till 2025

Steel wire are used in a various of end-use industries, including construction, automotive, energy, agriculture, industrial, and others. It possesses high strength, scrub resistance, and good conductivity, which makes it useful in applications such as wire for tires, hoses, galvanized wires and strands, ACSR strands, and armoring of conductor cables, springs, fasteners, clips, staples, mesh, fencing, screws, nails, barbed wires, chains, etc. However, amidst the global COVID-19 pandemic, the demand for steel wires from the industries mentioned above is expected to show a sharp decline. The global steel wire market size is expected to grow from USD 93.2 billion in 2020 to USD 124.7 billion by 2025, projecting a CAGR of 6.0 % during the forecast period between 2020 and 2025.

APAC accounts for the biggest share of the global steel wire market. The construction and automotive end-use industry are major consumers of steel wire in the region. The region is home to some of the major steel wire manufacturers such as Kobe Steel, Tata Steel, and Nippon Steel. Moreover, the China is a manufacturing hub of various commercial, military, and passenger automotive vehicles. Europe is the second major consumer of steel wire construction; automotive and energy are the major industries fueling the growth of the steel wire market in this region.

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Over the past years, steel wire manufacturers have strengthened their position in the global steel wires market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. However, owing to lockdown announced by several countries in 2020, the demand for steel wire from automotive, industrial and energy end-use industries has declined sharply, which resulted in declined demand for steel wire. For instance, as per European Automobile Manufacturers Association the demand for the demand for new cars in Europe is declined by 25% in first quarter of 2020, thereby reducing steel wire demand.

The major manufacturers profiled in this report include ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India) and Kobe Steel, Ltd. (Japan), are some of the key players in the steel wire market. JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy) and Byelorussian Steel Works (Belarus), and among others. The steel wire business of these companies is severely affected due to the outbreak of COVID – 19 pandemic. Reduced demand for steel wire from several OEMs and disruption in the supply chain have compelled the steel wire manufacturing companies to operate at partial capacities. However, several steel wire manufacturers have focused their concentration on new product development. These developments, coupled with end-use industries resuming their operations at full capacities, would create demand for steel wires during the forecast period. For instance, Bekaert SA reached to and acquisition agreement with Bridon-Bekaert Ropes Group and took full ownership. The company adopted this strategy to grow their business globally and to create significant value over the period of time.

Specialties of Lube Oil Refinery Market- Current Trends and Future Aspect Analysis 2023

Specialties of lube oil refinery are the derivatives of lube oil refining consisting of a mixture of hydrocarbon molecules. Paraffin wax, microcrystalline wax, slack wax, anti-ozone wax, and process oils are the products obtained in the process of lube oil distillation. The global specialties of lube oil refinery market size are estimated to grow from USD 10.4 billion in 2018 to USD 11.3 billion by 2023, at a CAGR of 1.8%. The high demand for specialties of lube oil refinery from the packaging, pharmaceutical, and cosmetics industries is driving the market. However, regulations to limit the use of petroleum-derived products in cosmetics manufacturing and increasing demand for synthetic and bio-based waxes are major challenges in the specialties of lube oil refinery market.

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The specialties of lube oil refinery market have been segmented on the basis of type and region. Among the type segment, the fully refined wax segment is projected to register the highest CAGR between 2018 and 2023. This high growth is attributed to its increasing consumption in lipsticks, creams, oily papers, and chocolate. Candle manufacturing is another major application of fully refined wax. Fully refined paraffin wax is also used in matchmaking, packaging, electronic insulation, and textile finishing.

In terms of geographic coverage, the specialties of lube oil refinery market has been segmented into five key regions, namely, North America, APAC, Europe, the Middle East & Africa, and South America. APAC is expected to record the highest growth rate during the forecast period, due to the growing cosmetic, pharmaceutical, and packaging industries. The development of these industries is attributed to the increasing urbanization, rising number of working women, and growing concern about physical appearance and better healthcare needs.

Continuous R&D activities to improve the performance of white oil and petrolatum for use in cosmetics and pharmaceutical applications are expected to provide significant opportunities in the specialties of lube oil refinery market. The pharmaceutical and cosmetics industries are facing challenges regarding purity of the materials used as well as their consistency and longevity. Purity of raw materials is of high concern for the use in applications such as skin care, hair care, ointments, complexion creams, laxatives, baby oils, and as a carrier for the preparation of curative drugs. For these applications, the raw materials should be free from irritants & allergens and free of toxic chemicals and heavy metals or microbes. Several major companies are involved in continuous R&D activities to improve the quality of these products and make them safe to use. These improvements will further drive the demand for lube oil refinery products in the cosmetics and pharmaceutical applications.

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Use of cryogenic products is projected to increase at the fastest pace in the Gas Equipment Market

The cryogenic products segment is projected to be the fastest-growing equipment category in the next five years. Due to the increasing use of super cooled liquefied gases in the chemical sector and other industrial activities, the demand for cryogenic products such as pressure vessels, cryogenic storages, and cold traps for the purpose of transporting and storing has also increased and it is expected to witness the same trend through 2021. This segment is projected to grow at the highest CAGR during the forecast period and acquire the largest market share.

The industrial gas handling equipment market size is projected to grow from USD 51.93 Billion in 2016 to USD 72.22 Billion by 2021, at a CAGR of 6.82%.

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The industrial gas handling equipment market is projected to witness significant growth in the future with the increasing use of industrial gases in metal fabrication, chemical, oil & gas, and healthcare & medical sectors. Developing markets such as China, Brazil, and India are emerging as growth frontiers for industrial gas handling equipment. Growing economies, globalization, and reduced trade barriers act as the main drivers for increased opportunities in these nations.

Target audience

Gas equipment manufacturers
Gas equipment importers and exporters
Gas equipment traders, distributors, and suppliers
Market research and consulting firms
Commercial R&D institutions
Associations and industry bodies
Government and regulatory bodies
End users

North America dominated the gas equipment market in 2015 and is projected to remain the market leader through 2021. The U.S. is the fastest growing country-level market, from 2016 to 2021. Asia-Pacific is the fastest growing region in the gas equipment market. Rising population of the region, along with rapid industrialization and infrastructural development, has propelled the growth of various industries such as metal fabrication, chemical, automotive, and electronics. This in turn has driven the growth of the market for gas equipment due to its diverse applications in these end-use sectors.

Technical issues and high cost due to the complication in the manufacturing process of gas equipment are the major restraints in the studied market. New product launch and acquisition were the major strategies adopted by most players in the gas equipment market. Companies such as Linde AG (Germany), Air Liquide S.A. (France), Praxair, Inc. (U.S.), Colfax Corporation (U.S.), Air Products and Chemicals, Inc. (U.S.), and GCE Holding AB (Sweden) were the key players who adopted this strategy to increase the reach of their offerings, improve their production capacity, and establish focus on core operations.

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Specialties of Lube Oil Refinery Market worth $11.3 billion | Global Forecast 2023

The specialties of lube oil refinery market is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8% between 2018 and 2023. The specialties of lube oil refinery market is expected to grow from USD 10.4 billion in 2018 to USD 11.3 billion by 2023, at a CAGR of 1.8%. The growth of the specialties of lube oil refinery market is attributed to the growing packaging, pharmaceutical, and cosmetics industries.

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Recent Developments

In September 2018, Exxon Mobil announced that the new unit of its Beaumont, Texas facility has started operations. Through this expansion, the company will increase production of ultra-low sulfur fuels by about 45,000 barrels per day.
In May 2018, Exxon Mobil signed an agreement with Sonatrach (Algeria) for the sale of its Augusta refinery, three fuel terminals in Augusta, Palermo, and Naples.
In January 2018, Exxon Mobil signed a petroleum agreement with the Government of Ghana to acquire exploration & production rights for the Deepwater Cape Three Points Block.

Based on type, the specialties of lube oil refinery market has been segmented into fully refined wax, semi refined wax, slack wax, microcrystalline wax, white oil, rubber process oil, petrolatum, and others. Fully refined wax is projected to be the largest segment of the market during the forecast period. Fully refined wax is largely used in personal care and pharmaceutical products such as cold creams, hair oils, lipsticks, ointments, and laxatives. The increasing demand for better quality cosmetics and healthcare products is further driving the demand for specialties of lube oil refinery.

The growth of the segment is mainly attributed to the demand in the cosmetics, skin care, and pharmaceutical applications. Fully refined wax is preferred to manufacture various products such as lipsticks, cold creams, oily papers, ointments, chewing gums, and chocolate. This wax is also widely used for making candles.

The growth of the market in APAC is mainly driven by the shift of production facilities from North America and Europe to the region. China, India, and Southeast Asia are the major contributors to the growth of the packaging, pharmaceutical, and cosmetics industries. These industries are witnessing growth owing to the increasing per capita expenditure and growing urbanization. This is further expected to create demand for specialties of lube oil refinery in the region.

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