The polymeric emulsions segment accounted for the highest share in 2020, contributing to around two-fifths of the global dust suppression control market, and is estimated to maintain its lead position during the forecast period. This is attributed to high demand for superior bonding and stabilization for lasting performance. However, the magnesium chloride segment is expected to manifest the highest CAGR of 5.4% from 2021 to 2030, owing to ease in availability and low cost.
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Asia-Pacific, followed by North America, held the highest share in 2020, accounting for more than two-fifths of the global dust suppression control market, and is estimated to maintain its dominant share by 2030. Moreover, this region is expected to portray the largest CAGR of 5.5% during the forecast period. This is due to increase in construction and mining activities in countries such as India and China. The research also analyzes regions including North America, Europe, and LAMEA.
This makes it important to understand the practical implications of the Dust suppression control market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
The road construction segment is projected to portray the highest CAGR of 5.3% from 2021 to 2030. Moreover, this segment contributed to the highest share in 2020, accounting for more than one-fourth of the global dust suppression control market, and is expected to maintain its leadership status during the forecast period. This is attributed to new road projects and maintenance of existing roads that drive the demand for dust suppressants.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Benetech, Inc., Borregaard, Cargill Inc., COLAS Group, Ecolab Inc., Global Road Technology International Holdings, Reynolds Soil Technologies Pty Ltd., Solvay SA, Suez, and Tetra Technologies. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
Strict regulations regarding safe dust levels in mining and quarry environment, strategies adopted for suppression of dust in construction sites, and increase in usage of dust control measures fuel the growth of the global dust suppression control market. However, lack of unawareness regarding products restrains the market growth. Contrarily, increase in awareness regarding chemical-based dust suppressants creates new opportunities in the coming years.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the Dust suppression control market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
According to the report, the global dust suppression control industry generated $8.5 billion in 2020, and is expected to generate $13.4 billion by 2030, manifesting a CAGR of 4.7% from 2021 to 2030.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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