Growing Construction Sector To Take Saudi Arabia Facility Management Market to $87,216.0 Million by 2030

The smart city initiative launched by the Saudi government aims to boost infrastructure development in urban areas. Due to the subsequent surge in construction activities, the Saudi Arabian facility management market value is expected to increase from $31,264.1 million in 2020 to $87,216.0 million by 2030, at an 11.1% CAGR between 2020 and 2030. Among the under-construction mega projects in the kingdom currently are AMAALA, QIDDIYA, King Salman Park, Red Sea project, Diriyah Gate, Jabal Omar, King Abdullah Financial District, and NEOM City.

During the COVID-19 pandemic, a major part of the country, including its tourist attractions, religious places, hospitality units, commercial spaces, and many factories, was shut down. This negatively impacted the Saudi Arabian facility management market, as the shutting down of end-user facilities killed the demand for such services.

Saudi Arabia Facility Management Market Segmentation Analysis

In the years to come, the cleaning service category will witness the fastest growth in the Saudi Arabian facility management market. Due to the COVID-19 pandemic, the awareness on hygiene has risen massively, since the virus is transmitted via nasal droplets accumulating on hands and objects that haven’t been sanitized.

The highest CAGR in the Saudi Arabian facility management market, under segmentation by type, of 11.9%, is predicted to be seen in the soft services category. Public and private entities in the kingdom are generating an increasing demand for cleaning, catering, security, support, and other non-technical services. This service demand is now being fulfilled by third-party companies, thereby driving the industry.

Presently, the higher revenue in the Saudi Arabian facility management market, on the basis of sector, is generated by the private bifurcation. The kingdom’s efforts to diversify its economy have led to the growth of private-sector companies in the last few years.

The major players in the Saudi Arabian facility management market include Muheel Services LLC, APSG Group, Safari Group, AMNCO, Khidmah LLC, EFS Facilities Services Group Limited, Enova Facility Management, Nesma Trading Co. Ltd., Musanadah Facilities Management Co. Ltd., Al Borj Facility Management, Al Hajry Overseas Co. Ltd., Petrojana, Zahran Holding Company, FMCO, Initial Saudi Group, CBRE Group Inc., Jones Lang LaSalle Incorporated, and Al Yamama Group.

Key Findings of Saudi Arabia Facility Management Market Report

• Property services were demanded most widely historically

• End users to increasingly outsource facility management services

• Growing hospitality sector driving market expansion

• Market players securing service contracts for continued prosperity

• Usage of advanced technologies key trend in industry

• Demand for cleaning services rising fastest

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How Is Expanding Tourism Sector Propelling Facility Management Service Demand in U.A.E.?

The U.A.E. is expected to witness a significant surge in the number of construction activities in the coming years, owing to which the requirement for facility management will increase considerably. Currently, the country has several infrastructure plans under the tender or bidding phase. For instance, Dubai currently has around 4,000 structures, worth $313.2 billion, under construction. Mega infrastructure projects, such as Royal Atlantis Resort and Residences (Palm Jumeirah), Dubai Metro Red Line extension (part of the Expo 2020 preparations), and expanded Container Terminal 4 (Jebel Ali Port), will require facility management services in abundance.

Moreover, the expansion of the tourism sector will fuel the facility management market in U.A.E. at a CAGR of 10.8% during 2021–2030. According to P&S Intelligence, the market size is expected to grow from $14,360.2 million in 2020 to $39,680.8 million by 2030. During the upcoming Dubai Expo 2020 (rescheduled for 2021), the footfall of tourists will grow exponentially. This will, in turn, amplify the need for disinfection services, safety services, security services, and environmental management services in hotels and tourist attractions.

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In the coming years, business firms and corporate houses in the U.A.E. will adopt facility management services at the fastest pace. This will be due to the surging investments in the corporate sector by the government, which reflect the rising focus of the country on economic diversification. Enterprises generate a high requirement for procurement services and other related services, including renting and contract management, for smooth functioning. Other end-users, such as the manufacturing, public administration, education, healthcare, and construction sectors, also use these services in abundance.

Currently, companies in the U.A.E. facility management market are proactively working toward winning large-scale client tenders to increase their revenue. Ejadah Asset Management Group LLC, Adeeb Electrical & Electronic Services Co. LLC, Al Shirawi Facilities Management LLC, Blue Diamond Facilities Management LLC, Tafawuq Facility Management LLC, Engie Cofely, Imdaad LLC, EFS Facilities Services Group Limited, Deyaar Development PJSC, Transguard Group LLC, AG Facilities Solution LLC, Reliance Facilities Management, and Etisalat Facilities Management LLC are some of the most-significant facility management service providers in the country.

Thus, the expansion of the tourism and construction sectors in the U.A.E. will boost the requirement for facility management services in the coming years.

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Boom Expected in Asia-Pacific Lithium-Ion Battery Industry in Near Future

With the mushrooming sales of electric vehicles, the demand for lithium-ion batteries is growing rapidly across the world. Due to the soaring air pollution levels and the fluctuating oil prices, the governments of many countries are implementing policies aimed at augmenting the deployment of electric vehicles. As per the Global EV Outlook 2018, 3.1 million electric passenger cars were sold around the world in 2017. This registered an increment of 57% from the electric passenger car sales recorded in 2016. 

Due to the above-mentioned factors, the demand for lithium-ion batteries is increasing sharply all over the world, which is, in turn, fueling the expansion of the global lithium-ion battery market. As a result, the valuation of the market is predicted to rise from $33,720.8 million in 2018 to more than $106,493.0 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 21.8% from 2019 to 2024.

When type is taken into consideration, the market is divided into lithium-iron phosphate (LFP), lithium nickel manganese cobalt oxide (NMC), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and lithium nickel cobalt aluminum oxide (NCA). Out of these, the LFP category generated the highest revenue in the lithium-ion battery market in the past years. This was mainly because of the heavy usage of LFP batteries in consumer electronics products and electric vehicles in China.

Depending on application, the lithium-ion battery market is classified into automotive, consumer electronics, medical, aerospace and defense, industrial, and telecom categories. Out of these, the automotive category will demonstrate the fastest growth in the market in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the soaring sales of electric vehicles in various countries, on account of the escalating air pollution levels. 

Therefore, it is quite clear that the sales of lithium-ion batteries will shoot up all over the world in the upcoming years, mainly because of their growing usage in consumer electronics products and the mushrooming deployment of electric vehicles in several countries.

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How Will Wind Towers Increase Wind Energy Potential?

The shift toward renewable sources of energy has led to the widescale installation of wind farms, globally. These farms employ wind turbines that require wind towers for their support. Wind towers are tall structures that hold nacelles and rotors of the turbines and support blades to clear the ground safely. The height of the wind tower is an important factor that determines the efficiency of power generation because the tall tower has lesser turbulence. Additionally, the positioning of wind turbines affects the amount of energy generated because higher capacity turbines require high wind speed that can be attained at a significant height.

Due to the increasing installation of wind power plants and government support for wind energy, the wind tower market is advancing at a CAGR of 7.4% during the forecast period. The market was valued at $26,140.5 million in 2015 and is expected to reach a substantial amount by 2022. Governments across the globe are working toward reducing their dependency on conventional sources of energy. As the wind is one of the most efficient alternatives for fossil fuel-based energy, the wind energy sector is expected to grow significantly during the forecast period. 

Categories under the application segment of the wind tower market include onshore and offshore. Of these, the offshore category is expected to dominate the market during the forecast period. This growth can be ascribed to the increasing offshore activities in the North Sea, the Baltic Sea, and the Atlantic Ocean, and expanding offshore wind capacity. Globally, the European region accounted for the largest market share in 2015, due to the increase in adoption of offshore wind towers in the region.

In the competitive landscape of the wind tower market, the Asia-Pacific (APAC) region generates the maximum revenue, owing to the increasing demand for energy. Additionally, the region holds a huge potential for the substantial growth of the wind energy sector. Among APAC nations, China and India generate high demand for wind towers. According to the 2019 Assessment by the Ministry of New and Renewable Energy, the gross wind power potential of India stands at 302 GW. According to the report, as of March 31, 2019, India had an installed capacity of 35.6 GW and generated nearly 52.66 billion revenue during 2017–2018.  

To tap on the growing opportunities, numerous players have entered the market. The major players in the wind tower market include KGW Schweriner Maschinen-und Anlagenbau GmbH Suzlon Energy Limited, Vestas Wind Systems A/S, General Electric Company, ENERCON GmbH, CS Wind Corporation, WINDAR Renovables, Shanghai Taisheng Wind Power Equipment Co. Ltd., and Siemens AG. Additionally, the market creates a huge opportunity for people specialized in civil engineering, electrical engineering, mechanical engineering, and other fields of manufacturing.

Thus, the increasing need for green and clean energy is driving the demand for wind towers, due to the expansion of the wind energy sector.

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Growing Need for Wastewater Treatment Fueling Water Treatment Chemicals Sales

Around 1.5 million people die of diarrhea each year, and almost 58% of these deaths are attributed to unsafe water supply, says the World Health Organization (WHO). With several initiatives being taken by the organization to raise awareness on safe drinking water, the global water treatment chemicals market, which valued $48,938.1 million in 2019, will cross $85,341.8 million by 2030, at a CAGR of 5.2% between 2020 and 2030.

Despite the shut down of manufacturing plants, the water treatment chemicals market has been somewhat positively impacted by the COVID-19 pandemic. Adequate water intake is said to be a good way to remove toxins from the body, which is why the demand for potable water has risen substantially during this period. Additionally, as per the WHO, washing the hands frequently with soap is one of the best ways to protect oneself from the virus, which is another reason for the high demand for such chemicals at water treatment plants.

The raw water treatment division, based on application, is predicted to observe the highest value CAGR, of 5.8%, in the water treatment chemicals market, in the coming years. Around the world, the necessity of treating groundwater, rainwater, and water from infiltration wells, rivers, seas, and lakes is increasing. Further, the booming population in Africa, Brazil, China, and India is raising the demand for potable water.

In the past, the municipal water treatment classification dominated the water treatment chemicals market, under segmentation by end user. Apart from the burgeoning population, the norms related to the purity standards to be met by municipal water agencies are rather strict in developed countries. These are two of the prime reasons behind the perpetually increasing consumption of water treatment chemicals by municipal bodies.

Mergers and Acquisitions Define Market Competitive Landscape

In order to strengthen their position in the water treatment chemicals market, companies offering such products are merging with or acquiring other associated firms, so that they can:

• Widen their customer base

• Be better placed in the market of different countries

• Augment their water treatment chemical production output

• Create a stronger unified company or business unit

• Expand their manufacturing base

The most important players in the water treatment chemicals market are Ecolab Inc., BASF SE, SUEZ, Kemira Oyj, SNF s.a.s., Solenis LLC, Solvay S.A., Akzo Nobel N.V., The Dow Chemical Company, and Buckman Laboratories International Inc.

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Increasing Application Areas of Microfiltration Membranes To Drive their Adoption

Around the world, concerns regarding the consumption of contaminated food and beverages are leading to the implementation of stringent quality control regulations. As a result, the global microfiltration membrane market size is predicted to increase to $7,517.38 million in 2030 from $2,885.57 million in 2019, at a 9.0% CAGR between 2020 and 2030. Such filtration products are used to remove contaminants from food products, especially beverages.

Due to the COVID-19 pandemic, the microfiltration membrane market growth has been hit hard. Lockdowns and movement restrictions around the world have resulted in the closure of manufacturing facilities of not only these membranes but also of end users. Similarly, the restrictions on movement have reduced the supply of microfiltration membranes, thus impacting the market negatively.

Microfiltration Membrane Market Segmentation Analysis

The polyvinylidene difluoride category is expected to dominate the microfiltration membrane market in the coming years, based on material type. High flow rates can be achieved during mobile-phase and solvent-based processes using PVDF membranes. Additionally, as PVDF membranes can easily remove particles from liquid and air streams, they are widely preferred for industrial wastewater treatment and pharmaceutical production applications.

In the past, the microfiltration membrane market generated the higher revenue in the cross-flow filtration bifurcation, on the basis of filtration technology. This technology prevents the accumulation of materials on the surface of the filters, which is why it finds wide usage in the pharmaceutical, food and beverage, and water treatment sectors.

Asia-Pacific has been the largest microfiltration membrane market till now, and it will also grow the most rapidly in the near future. The increasing wastewater treatment and seawater desalination activities and implementation of stringent quality control regulations are driving the product demand in India, China, the Philippines, and Thailand. Further, production plants and research centers are being established in the region by numerous biotechnology and pharmaceutical companies.

Key Findings of Global Microfiltration Membrane Market Report

• Industrial wastewater treatment is the largest application area of microfiltration membranes

• Food and water safety concerns continue to raise the demand for microfiltration membranes

• PVDF remains the most popular material for such products

• Despite the increasing pharma investments during COVID-19, the market is growing slowly in 2020

• The presence of a few major companies makes the market consolidated

• The market consolidation is increasing further because of mergers and acquisitions

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Lightweight Vehicles Adoption To Drive Automotive Adhesives and Sealants Industry Growth

The automotive adhesives and sealants market size is expected to grow from $7,438.2 million in 2019 to $12,646.8 million by 2030, registering 7.0% CAGR during 2020–2030. This can be attributed to the surging demand for lightweight vehicles and rising safety standards and regulations. Currently, the market is observing a shift from spot-welding to new assembly methods. Automakers are employing these methods to create efficient vehicle designs by using coated steels, lighter-gauge metals, non-ferrous metals, and plastics, in their offerings. Thus, the manufacturers extensively use adhesives and sealants to bond these automotive components.

The soaring demand for lightweight vehicles is one of the key growth drivers for the automotive adhesives and sealants market. To cater to this high demand, automakers are making notable investments in research and development (R&D) for developing lightweight automobiles, to maximize their power and speed. The manufacturers across the world are substituting steel fixtures, like bolts and nuts, with structural adhesives that provide exceptional bonding properties. Thus, the rising adoption of these fuel-efficient, lightweight vehicles, will boost the demand for automotive adhesives in the coming years.

Globally, the Asia-Pacific (APAC) region generated the highest revenue for the automotive adhesives and sealants market in 2019. This is due to the rapid economic growth, robust development in urban infrastructure, and high purchasing power of middle-class population of the region. Additionally, automakers of APAC countries are making huge investments to increase their production capacities, due to the easy availability of cheap labor and raw materials, thereby, driving the regional market growth.

Thus, the burgeoning demand for lightweight vehicles and the amplifying customer awareness about reducing carbon emissions and enhancing fuel economy will propel market growth in the coming years.

Factors Contributing to the Growth of Market:

• Need for reducing carbon emissions

• Strict regulations implemented by governments regarding fuel efficiency 

• Increasing requirement for lightweight vehicles

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