The electric power grids in North America are undergoing a major transformation with the adoption of smart grid technologies. With advanced systems and intelligent infrastructure, smart grids are transforming the generation, distribution, and consumption of electricity. The region is estimated to account for the largest share of the global smart grid market, and a similar trend is expected to continue for the next few years. One of the key reasons for this is the early adoption of smart grid projects. Countries like the USA and Canada have ambitious smart grid plans and investment programs to modernize aging infrastructure, integrate renewable energy, enhance grid resiliency, and empower consumers with new tools. This blog details how countries in the region have adopted smart grid technology and where it is headed. MarketsandMarkets 360 Quadrants evaluated some of the top Smart Grid Companies in the market. The company evaluation was conducted on over 35 companies of which the Top 21 Smart Grid Companies were categorized and recognized as the quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Smart Grid quadrant. The top criteria for product footprint evaluation included Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), and Communication Technology (Wireline, Wireless). Smart Grid Technology in North AmericaThe US has been at the forefront of smart grid implementation in North America. Smart grids in the US have experienced substantial growth over the years and continue to evolve as a critical component of the nation's energy infrastructure. The development of smart grids has been driven by factors such as the need for grid modernization, integration of renewable energy resources, increasing energy efficiency, and the demand for a more reliable and resilient electricity system. The growth of smart grids in the US can be attributed to a combination of government initiatives, technological advancements, and collaborations between utilities, technology providers, and research institutions. Major investments in the field started with the American Recovery and Reinvestment Act of 2009 which allocated USD 4.5 billion to modernize the US electric grid through the deployment of smart grid technologies. This helped deploy advanced metering infrastructure (AMI), distribution automation systems, and distribution management systems across many states. Furthermore, two large initiatives namely: the Smart Grid Investment Grant (SGIG) Program and the Smart Grid Demonstration Program (SGDP), that were initially authorized by the Energy Independence and Security Act (EISA) and subsequently amended by the Recovery Act have fostered the company’s substantial growth in the smart grid industry. Later, in 2022, the US announced the Grid Resilience Innovative Partnership (GRIP) Program, with a funding opportunity of USD 10.5 billion to support the upgrade and expansion of US electric grids. These initiatives have expedited the implementation of projects aimed at ensuring the reliability of the power sector’s infrastructure in the country. The images below show the US Departments’ Smart Grid Programs, and the segregation of Smart Grid Investment Grant Projects respectively. This clearly indicates that the company has been well-focused on the smart grid industry, which thereby makes it a front-runner globally. Source: Recovery Act: Smart Grid Investment Grant Program As per The Edison Institute for Electric Innovation's 2023 smart meters brief projects, there were over 114 million smart meters installed, accounting for about 75% of households and it is further expected to rise to 135 million smart meters that will be installed in US households and businesses by 2025. Technologies like distributed energy resources, microgrids, demand response, renewables integration, energy storage, and electric vehicles are also being progressively adopted in the USA. Companies like GE, Schneider Electric, Siemens, Landis+Gyr, and Itron are leading suppliers and partners to utilities for deploying these solutions. GE, in order to address the climatic changes and unexpected impacts of climate change is developing advanced grid solutions that limit the impacts of sudden climate adversities and are also committed to reducing greenhouse gas emissions. It announced one of the several projects supported by the U.S. Department of Energy (DOE) to develop new grid-resilient technologies that allow communities to rapidly restore power. In November 2022, the US Department of Energy (DOE) announced USD 13 billion of financing to support the upgrade and expansion of the US electric grid which will be offered under President Joe Biden’s Bipartisan Infrastructure Law, as well as the Grid Resilience Innovative Partnership (GRIP) Programme and the Transmission Facilitation Programme. It can be understood that the impact of these policies has been immense and has been the driver of the smart grid growth in the country. The future of smart grids will witness increased integration of renewable energy, enhanced grid resilience and cybersecurity measures, support for electrification and electric vehicles, advancements in data analytics and artificial intelligence, and improved consumer engagement and energy management capabilities. Looking ahead, the smart grid in the USA is headed toward further advancements and integration with emerging technologies. Canada is actively promoting smart grid technology to enhance energy sustainability and reliability. Smart grids in Canada have witnessed significant growth over the years and are poised for further development and expansion. The country's commitment to clean energy, advancements in technology, and increasing demand for a reliable and efficient electricity system have been driving factors in the evolution of smart grids. The country has invested in advanced metering infrastructure, grid automation, and demand response programs. Through collaborations with industry stakeholders and research institutions, Canada is advancing technologies for integrating renewable energy sources, optimizing grid performance, and enabling consumer engagement in energy management. The Smart Grid Program is one of Natural Resource Canada’s targeted national programs addressing key infrastructure to advance the goals of the Pan Canadian Framework on Clean Growth and Climate Change. Through this program, Canada invested USD 100 million to support the deployment of smart grid technologies and smart integrated systems. The below image highlights the projects funded by the Smart Grid Program in various regions of the country. As the smart grid ecosystem in Canada has matured, various companies have emerged as key players in providing and developing smart grid solutions. Companies like Siemens, S&C Electric, GE Digital, ABB, Schneider Electric, Honeywell, Cisco, Eaton, and Landis+Gyr are actively supporting the smart grid industry in Canada. For instance, from enabling digital substations to building a more resilient grid, ABB offers a range of product and service solutions to simplify operations, improve grid-compliant renewable power production, maximize asset management efficiency, and more. Cisco has also been actively involved in helping utilities across Canada to design a smart grid infrastructure based on the Cisco field area network architecture with AMI and leads in the design and deployment of communications networks that drive smart metering systems. To cite another instance, in March 2022, Opus One Solutions from GE Digital and Bracebridge Generation Ltd. announced their collaboration on Project SPEEDIER (Smart, Proactive, Enabled Energy Distribution - Intelligently, Efficiently, and Responsive) which is funded by Natural Resources Canada’s Smart Grid Program. It is understandable that smart grids in Canada have experienced significant growth, driven by renewable energy goals, technological advancements, and the need for a more reliable and efficient electricity system. The industry is expected to continue evolving, with a focus on integrating renewable energy, modernizing the grid, supporting electric vehicle infrastructure, leveraging advanced data analytics, and promoting consumer engagement. Mexico is making significant strides in smart grid implementation to address its energy challenges. Smart grids in Mexico have experienced notable growth over the years and are poised for further development and expansion. The country is focused on improving energy efficiency, reducing electricity losses, and integrating renewable energy resources and has incorporated various strategies for it. In 2019, the New Mexico Legislature passed the Energy Transition Act, which established a statewide renewable energy standard of 50% by 2030 for New Mexico investor-owned utilities and rural electric cooperatives, with a goal of 80% by 2040, as well as zero-carbon resource standards for investor-owned utilities by 2045. In recent years, Mexico has made notable progress in deploying smart grid solutions across the country. One of the key initiatives was the implementation of advanced metering infrastructure (AMI), which involved replacing traditional electricity meters with smart meters. Other Smart grid initiatives in Mexico include the deployment of grid automation systems and the establishment of a robust communication infrastructure. These efforts are enhancing grid reliability, reducing operational costs, and supporting the integration of clean energy sources. Comisión Federal de Electricidad (CFE), Mexico's state-owned electric utility, CFE has been actively involved in the deployment of smart grid projects across the country. It has implemented AMI programs and invested in distribution automation systems to modernize the grid infrastructure. Other companies like Siemens, Honeywell, Schneider Electric, and GE have also been at the forefront in the country. Furthermore, Mexico has invested in the development of intelligent distribution systems, incorporating automation, sensing, and control technologies. These systems enable utilities to remotely monitor and manage power distribution, detect faults, and optimize electricity flow. Smart grids have witnessed significant growth in Mexico, transforming the traditional energy infrastructure into a modern, intelligent, and sustainable grid. With ongoing investments and a focus on renewable energy integration, Mexico's smart grids are headed toward a future characterized by enhanced efficiency, improved reliability, and increased utilization of clean energy sources. Final ThoughtsSmart grid implementation in North America is transforming the energy sector, driving sustainability, and enhancing grid reliability. Countries like the United States, Canada, and Mexico are making significant progress in deploying advanced metering infrastructure, grid automation, and demand response programs. The integration of renewable energy sources, improved energy efficiency, and enhanced grid resilience are key outcomes of smart grid implementation. Companies like General Electric, Siemens, Schneider Electric, ABB, and Itron are at the forefront of driving this transformation along with other companies, providing innovative solutions and expertise in grid modernization. As smart grid technology continues to advance, North America is poised to achieve a more sustainable, reliable, and interconnected energy future. About MarketsandMarkets™MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Visit https://www.360quadrants.com to access our interactive quadrants. For media inquiries, please contact: Mr. Agney Sugla MarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]
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The liquefied natural gas (LNG) industry has seen exponential growth in recent years, driven by the rising demand for cleaner energy sources. LNG storage tanks play a pivotal role as key infrastructure enabling the effective containment and transportation of LNG. MarketsandMarkets 360 Quadrant has identified the “Top 15 LNG Storage Tank Companies, Worldwide 2024,” recognizing the most influential players such as Wärtsilä, Chart Industries, and VINCI, that are propelling this space forward.
The 360 Quadrant maps the LNG Storage Tank companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the LNG Storage Tank's quadrant. While the top criteria for product footprint evaluation included Type (Self-supporting Tanks, Non-self-supporting Tanks), Material (Steel, 9% Nickel Steel, Aluminum Alloy, and Others), and Terminal (Offshore, Onshore). Access Research Report @ https://www.360quadrants.com/chemicals/lng-storage-tank Wärtsilä, Chart Industries, and VINCI– The Leaders Explained Wärtsilä Recognized as a Market Leader Among the "Top 15 LNG Storage Tank Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant. The leading Finnish engineering company, Wärtsilä has been recognized as a market leader in liquefied natural gas (LNG) storage tanks by MarketsandMarkets’ 360 Quadrant for "Top 15 LNG Storage Tank Companies, Worldwide 2024." Wärtsilä is one of only a few companies worldwide that provides full, integrated solutions across the entire LNG value chain. The company offers a comprehensive range of systems and equipment covering LNG liquefaction, transportation, regasification via FSRUs, terminal storage and distribution, power generation, and battery storage. With end-to-end capabilities spanning the complete LNG workflow, Wärtsilä stands apart in its ability to serve customers across all aspects of LNG projects. This breadth of expertise and technology establishes Wärtsilä as a leader in the global LNG industry, able to deliver customized, complete offerings that add value for LNG producers, transporters, distributors and consumers. The company offers a range of storage options, including flat-bottom tanks (8,000–160,000 m³), spherical tanks (1,000–8,000 m³), or bullet tanks for smaller volumes (250–1,500 m³), strategically arranged to accommodate larger capacities. The above-ground full containment tank technology is the preferred choice for storing large quantities of LNG with maximum safety, while single and double containment tanks. Wärtsilä also offers a comprehensive portfolio of terminals with versatile functions and storage capacities tailored to meet diverse industry needs. These terminals feature fuel storage and LNG processing systems within the size range of 100-20,000 m3. Storage primarily utilizes bullet tanks, and capacity is tailored based on the power plant's size, operational profile, and filling frequency. The comprehensive LNG storage tank instrumentation solution by Wärtsilä integrates various fully integrated system components, including SIL-3 certified servo level gauges, high/high level alarm gauges, product temperature probes, fully automatic LTD gauges, leak detection and cooling temperature transmitter system, a PC-based SCADA package, and roll-over predictive alarm software. Wärtsilä has established itself as a leading provider of LNG storage tank solutions. With a diverse product portfolio catering to various industries, Wärtsilä offers reliable and innovative LNG storage tanks that are widely accepted by customers globally. The company's comprehensive solutions, coupled with its strong market presence and reputation, have enabled Wärtsilä to become a trusted partner known for setting the standard in the LNG storage tank sector. By consistently innovating and delivering dependable products worldwide, Wärtsilä has solidified its position not just as a premier supplier of LNG storage capabilities, but also as an influential driver of progress across the industry. The company's depth of expertise and reach make Wärtsilä a proven leader in advancing LNG storage technology and solutions. Chart Industries Recognized as Contender Among the " Top 15 LNG Storage Tank Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant. Chart Industries is one of the leading global providers of highly engineered cryogenic storage tanks and vacuum insulated containment systems used for the production, transportation, and end-use storage of liquefied natural gas (LNG) as well as other liquid gases including LN2, O2, CO2, Ar, He, H2 & more. It designs and builds innovative cryogenic products and engineered systems that are fundamental to the distribution and storage of liquid gases. The company supplies cryogenic solutions for the storage, distribution, regasification, and use of LNG. Chart Industries provides cryogenic trailers, ISO containers, bulk cryogenic storage tanks, loading facilities, and regasification equipment specially configured for delivering LNG into virtual pipeline applications. As one of the leaders in cryogenic engineering, Chart Industries enables the reliable transport and delivery of vital liquefied gases. The company is at the forefront of developing infrastructure to meet the growing global demand for LNG. Chart's customized offerings are crucial for transporting and delivering LNG safely and efficiently. By enabling virtual pipeline solutions, Chart Industries helps drive the adoption of LNG as a cleaner fuel source. With a proven track record across industries, the company has the experience and capabilities to support the infrastructure needs of the emerging LNG landscape. Chart Industries has established itself as a leading contender in the LNG storage tank market. With a strong customer base and reputation, the company has gained significant recognition for its market presence and continuous product advancements. While Chart Industries' current storage tank offerings are competitively positioned, the company shows promising potential for future growth. By enhancing its product capabilities, Chart Industries can ascend to an even more visionary, competitive stance as the LNG market evolves. Though already one of the major players, Chart Industries has room to further solidify its status as demand increases. With its expertise and focus on new developments, the company can continue elevating its market leadership. Chart is strategically poised to push boundaries and redefine the sector through pioneering storage solutions that will firmly solidify its unmatched position in the LNG storage tank domain. The future looks bright for this established yet dynamically adapting industry leader. VINCI Gained Recognized as Emerging Company in the " Top 15 LNG Storage Tank Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant. VINCI operates on a global scale, engaging in concessions, energy, and construction projects. The company's focus is on designing, financing, constructing, and operating infrastructure and facilities that enhance daily life and mobility worldwide. VINCI Construction Grands Projects, a subsidiary of VINCI Construction, specializes in the construction of LNG storage tanks. These tanks feature a robust prestressed concrete shell that envelops and safeguards a self-supporting steel and nickel inner chamber designed for LNG storage. In the event of a leak in the inner chamber, the outer concrete casing can contain liquefied gas. Each tank comprises a reinforced concrete foundation supported by piles driven into the bedrock, along with a circular prestressed concrete skirt. At the top, a spherical dome in reinforced concrete seals the structure. In September 2023, VINCI Construction Grands Projects secured the contract for the design and construction of a 180,000 m3 liquefied natural gas (LNG) tank in the Netherlands. This undertaking is a crucial component of the initiative to amplify the storage capacity and regasification capabilities of the GATE (Gas Access To Europe) terminal, situated in the port of Rotterdam. The project aims to enable the provision of an extra 4 billion m3 of gas annually. VINCI is making a dynamic mark in the LNG Storage Tank sector, showcasing a compelling product portfolio and noteworthy advancements to establish a strong market foothold. With a dedicated commitment to innovative solutions and a diverse range of offerings, VINCI excels in specific specialized areas within the LNG Storage Tank domain, introducing distinctive features that distinguish it from competitors. Recognized as an emerging player with significant growth potential, VINCI is actively making substantial strides, leaving a lasting impact on the market. As the company expands its influence and gains increasing recognition, it firmly cements its status as a dynamic force with substantial promise in the LNG Storage Tank market. As Leaders in LNG Storage Tank space, Wärtsilä, Chart Industries, and VINCI showcase excelling capabilities driving their ascent to the top. Their continued drive shaping advancement propels the entire industry forward. By channeling cutting-edge R&D capabilities to deliver solutions aligned with customer needs, each of these Companies plays a critical role in charting the trajectory of LNG Storage Tank technological progress worldwide. Their ascent is poised to steer ongoing revolutionization in this space. Request Your Free Marketing Kit @ https://www.360quadrants.com/chemicals/lng-storage-tank 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate Companies. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B Companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Visit https://www.360quadrants.com to access our interactive quadrants. For media inquiries, please contact: Mr. Agney Sugla MarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected] MarketsandMarkets recently released its highly anticipated 360 Quadrant on "Top 19 Adhesive and Sealant Companies, Worldwide 2023," acknowledging the exceptional achievements of Sika, DIC, and MAPEI in the Adhesive and Sealant industry. These renowned companies have solidified their positions in the adhesives and sealants landscape through their commitment to adhesive innovation, quality control, compatibility, customization, and eco-conscious solutions. Their remarkable strides in advancing the adhesives and sealants sector have earned them well-deserved recognition in this exclusive quadrant, showcasing their impact on a global scale.
The Adhesive and Sealant Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Adhesive and Sealant. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 120 companies of which the Top 19 Adhesive and Sealant Companies were categorized and recognized as the quadrant leaders. The 360 Quadrant maps the Adhesive and Sealant Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Adhesive and Sealant quadrant. The top criteria for product footprint evaluation included Type (Adhesive, Sealant), Adhesive Technology (Water Based, Solvent based, Hot-melt, Reactive & Others), Adhesive End Use (Paper & Packaging, Building & Construction, Woodworking, Consumer & DIY, Automotive & Transportation, Leather & Footwear, Assembly, Medical, Electronic, Others), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulphide, Butyl, Others), and Sealant End Use (Building & Construction, Automotive & Transportation, Consumer, Others). Access Research Report @ https://www.360quadrants.com/chemicals/adhesives-and-sealants Sika, DIC, and MAPEI – The Leaders Explained Sika Recognized as a Market Leader Among the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. Sika has established itself as a formidable market leader in the adhesives and sealants industry, boasting a combination of innovation, quality, and an extensive product portfolio. Sika's market leadership in adhesives and sealants is a result of its global reach, diverse product offerings, innovation, industry-specific expertise, quality assurance, customer-centric approach, sustainability initiatives, and the recognition it has garnered within the market. The company has been recognized as the "Market Leader" in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant owing to its robust product portfolio and wide geographical presence. Sika emerges as a leading force in the adhesives and sealants market, particularly known for its polyurethane-based solutions. Utilizing an array of reactive technologies, including polyurethane, silane-terminated polymers, silicones, epoxy, acrylate, and polysulfide sealants, alongside hotmelts and water-based systems, the company curates a comprehensive portfolio. Specializing in elastic and structural adhesives and sealants for the construction and automotive industries, Sika employs SmartCore toughening technology to bolster epoxy resin strength. Recognized as a frontrunner in 1C polyurethane sealants and adhesives, the company pushes innovation with technologies like i-Cure and PowerCure. Additionally, Sika introduces groundbreaking Co-Elastic Technology (CET) to enhance water-based adhesive system performance, solidifying its position as a trailblazer in the ever-evolving adhesives and sealants landscape. Sika serves as a standout in the Adhesives and Sealants sector, seamlessly blending an extensive product range with a commanding market presence. Recognized for offering comprehensive solutions, Sika not only delivers a diverse range of customized adhesives and sealants for various industries but also holds a firmly established and influential global position. The company's reputation for reliability, commitment to continuous innovation, and widespread acceptance among clients underscore its leadership qualities. Sika's dominance encompasses both the capabilities of its adhesive and sealant products and its far-reaching impact on the market, solidifying its esteemed position as a frontrunner in the adhesive industry. DIC Recognized as an Innovator in " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant DIC Corporation stands as one of the prominent companies in the field of adhesives and sealants, driven by a commitment to innovation, extensive research and development capabilities, and a diverse product portfolio tailored for industries such as automotive, construction, and electronics. The company's focus on technological advancements, continuous improvement, and a dedication to addressing specific market needs solidify DIC's position as a frontrunner in the industry, capable of delivering cutting-edge adhesive and sealant solutions across diverse applications and regions. Its inclusion in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023" reflects its pioneering role in the Adhesive and Sealant industry. DIC specializes in the production of a diverse array of adhesives, particularly pressure-sensitive adhesives, encompassing solvent-based, water-based emulsion, UV-curable, acrylic, and more. Tailored to accommodate diverse environmental conditions, these pressure-sensitive adhesives demonstrate versatility across a wide spectrum of substrates. Additionally, DIC extends its product offerings to encompass a comprehensive selection of urethane-based pressure-sensitive adhesives. Renowned for their superior adhesion performance and productivity enhancement, these urethane-based adhesives exhibit excellent bonding properties. Widely employed in applications such as tapes, labels, and film processing, they contribute to the seamless integration of adhesive solutions in various industries. DIC distinguishes itself as a dynamic innovator in the adhesive and sealant industry, characterized by its remarkable product innovation and distinctive offerings. While its market presence may not mirror that of industry giants, DIC disrupts norms by regularly unveiling cutting-edge solutions. The company's forward-thinking strategies consistently stretch the limits of what can be achieved in the field, showcasing its potential to emerge as a noteworthy player, even with a more measured corporate growth approach. DIC's steadfast commitment to innovation positions it as a proactive force catalyzing positive change within the industry. MAPEI Gained Recognition as an Emerging Company in the " Top 19 Adhesive and Sealant Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. MAPEI has rapidly ascended as a prominent force in the adhesives and sealants industry, driven by its commitment to innovation, sustainability, and customer satisfaction. Renowned for its cutting-edge research and development efforts, MAPEI offers a comprehensive portfolio of versatile solutions catering to diverse applications in construction, flooring, and automotive sectors among others. Leveraging its extensive expertise, the company has been acknowledged as an emerging leader in the "Top 19 Adhesive and Sealant Companies, Worldwide 2023." Mapei provides an array of sealing solutions and adhesives, including solvent-free options and acrylic and silicone-based formulations. In the construction domain, the company offers epoxy-based adhesives under the brands Adesilex, MapeWrap, and Epojet. Mapei's product line extends to pressure-sensitive and water dispersion-based adhesives, reaction resin adhesives, hydraulic setting adhesives, and elastic sealants, catering to diverse construction applications. Additionally, the company delivers Silicone and polyurethane-based sealants applicable in waterproofing, construction, packaging, and various other uses. These sealants find utility in tasks such as facade joints, glass and window fittings, industrial floors, as well as in addressing cracks and ceramic sanitaryware fittings. Mapei's assembly adhesives feature the innovative BioBlock technology. Emerging as a formidable company, MAPEI is currently unveiling a promising range of products as it navigates the initial phases of market establishment. Distinguishing itself by excelling in specific niche domains and introducing unique features that set it apart from competitors, the company stands out in the market. While MAPEI's influence on the broader market continues to evolve, it is recognized as a niche player with substantial growth potential. As the company expands its footprint and garners recognition, there is anticipation that its innovative strategies and distinctive product offerings will play a pivotal role in ensuring its sustained success within the industry. In the dynamic landscape of the adhesives and sealants industry, key innovators like Sika, DIC, and MAPEI are leading the way in driving continuous transformation. Their recognition among the "Top 19 Adhesives and Sealants Companies Worldwide" in MarketsandMarkets 360 Quadrant’s impartial analysis solidifies their role as leaders in shaping the evolution of adhesive and sealant excellence. This leadership is exemplified by their commitment to pioneering technologies, finely tuned to meet the demands of the future. Request Your Free Marketing Kit @ https://www.360quadrants.com/chemicals/adhesives-and-sealants 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Visit https://www.360quadrants.com to access our interactive quadrants. For media inquiries, please contact: Mr. Agney Sugla MarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected] In recent years, there has been a notable surge in the development and implementation of fire-resistant lubricants, a pivotal innovation aimed at enhancing workplace safety and mitigating potential hazards. This paradigm shift shows the industry's commitment to embracing cutting-edge solutions, reflecting a symbiosis between technological progress and the evolving needs of a modern, safety-conscious workforce. MarketsandMarkets 360 Quadrant has identified the "Top 20 Fire Resistant Lubricants Companies, Worldwide 2023," recognizing the expertise of industry leaders such as Eni, Hill & Griffith, Sinopec, and Tashkent. This acknowledgment underscores the unparalleled expertise and commitment of these industry leaders in the realm of fire-resistant lubricants, setting a new standard for excellence and innovation. As the global landscape continues to evolve, these companies stand at the forefront, driving advancements and shaping the future of fire-resistant lubrication technology.
The 360 Quadrant maps the Fire Resistant Lubricants Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Fire Resistant Lubricants quadrant. While the top criteria for product footprint evaluation included Type (HFA (Water Oil Emulsion), HFB (Oil Water Emulsion), HFC (Water Glycol), HFDU (Polyol Ester), HFDR (Phosphate Ester)), End-Use Industry (Metal Processing, Mining, Power Generation, Aerospace, Marine, Construction, Others). Access Research Report @ https://www.360quadrants.com/chemicals/fire-resistant-lubricants Eni, Hill & Griffith, Sinopec, and Tashkent – The Emerging Leaders Explained Eni has rapidly emerged as a leading company in the fire-resistant lubricants sector, strategically expanding its market presence through global reach and industry collaborations. With a commitment to innovation, Eni's advanced formulations set its diverse range of lubricants apart, offering comprehensive solutions tailored to meet the specific needs of various industries. Leveraging its extensive expertise, the company has been acknowledged as an emerging company in the "Top 20 Fire Resistant Lubricants Companies, Worldwide 2023." Eni offers a diverse array of modern and advanced mineral or synthetic lubricants designed to cater to a variety of hydraulic systems. Its synthetic oils stand out for their enhanced environmental protection, boasting biodegradability, and providing superior defense against fire hazards. One of the standout offerings is the company’s Eni Arnica 104/FR, a biodegradable and fire-resistant hydraulic oil formulated with ethylene glycol and water, exemplifying the company’s commitment to innovation, safety, and environmental responsibility. Hill & Griffith, renowned for its decades-long expertise, has earned its recognition as a frontrunner in the fire-resistant lubricants sector. The company's dedication to quality and customer satisfaction has propelled it to the top heights of the industry. The company’s GrifLube family offers high-performing, biodegradable hydraulic fluids and ensures protection in all types of hydraulic operations. These products includes water-based fire-resistant options such as GRIFLUBE AQUATECH and GRIFLUBE BIO-SYN AS, a biodegradable, fire-resistant and factory-mutual approved high-performance hydraulic fluid. Drawing upon its substantial knowledge and proficiency, the organization has been recognized as a rising contender among the "Top 20 Fire Resistant Lubricants Companies, Worldwide 2023." Sinopec, as a global giant in the energy and chemical industry, has successfully diversified its portfolio to include cutting-edge fire-resistant lubricants. The company's emphasis on research and development has yielded groundbreaking solutions that meet the evolving demands of the market. Sinopec's inclusion in the "Top 20" is a testament to its commitment to excellence and innovation. Sinopec presents a comprehensive product offering in the form of Sinopec HFC Water-glycol Fire-resistant Hydraulic Fluid 4631 and Sinopec Ester-based Fire-resistant Hydraulic Fluid 4632. Sinopec HFC Water-glycol Fire-resistant Hydraulic Fluid 4631 is formulated with polyol ester base stocks and selected additives. Specifically designed with a blend of water, ethylene or diethylene glycol, chosen additives, and high-viscosity polyglycol thickeners, it adheres to the ISO 6743/4 HFC classification for fire-resistant hydraulic oils of the water–glycol type. Further, Sinopec’s Ester-based Fire-resistant Hydraulic Fluid 4632 is a polyol ester type hydraulic fluid. This biodegradable and environmentally responsible fluid, devoid of water, mineral oil, or phosphate esters, is a versatile alternative to traditional antiwear hydraulic fluids. Tashkent, emerging as a promising player in the fire-resistant lubricants landscape, has swiftly gained recognition for its forward-thinking approach and dedication to quality. With a focus on meeting the unique needs of its customers, Tashkent has carved a niche for itself in the competitive market, positioning itself as a company to watch in the coming years. Tashkent introduced Tashoil Hydrash FR - Water Glycol Type, a fire-resistant hydraulic fluid designed for industrial hydraulic systems operating in environments prone to fire hazards. Tashoil's Hydrash FR, part of their diverse range of Fire Resistant Oils, including Dilute Emulsion, Invert Emulsion, and Phosphate Ester types, was formulated with special additives ensuring lubricity, wear protection, and corrosion resistance. The high water content not only provided fire resistance upon contact with an ignition source but also make it ideal for hydraulic systems in various applications, including steel and aluminum mills, molding and metal die-casting machinery, welding machines, foundries, furnace charging equipment, open hearth, and basic oxygen furnace (B.O.F.) equipment, power transmission plants, and underground mines. Eni, Hill & Griffith, Sinopec, and Tashkent are rapidly solidifying themselves as a dynamic force in the fire-resistant lubricants sector, presenting a robust product portfolio and making notable strides in establishing a formidable market presence. Driven by a commitment to innovation and offering a diverse range of solutions, the companies excels in specific niches within the fire-resistant lubricants’ domain, introducing distinctive features. Acknowledged as niche players with considerable growth potential, the companies are actively advancing and achieving substantial progress, resonating strongly in the market. As these companies expand their influence and garner increasing recognition, it cements their status as a dynamic forces with significant promise in the fire-resistant lubricants sector. As leading entities within the Fire Resistant Lubricants sector, Eni, Hill & Griffith, Sinopec, and Tashkent showcase outstanding capabilities that elevate them to the forefront. Their dedication to innovation serves as a catalyst for industry-wide advancement, influencing progress that shapes the entire landscape. By harnessing state-of-the-art research and development capabilities to deliver customized solutions, each manufacturer plays a crucial role in steering the global trajectory of technological progress in Fire Resistant Lubricants. Their sustained ascent positions them at the forefront of the ongoing revolution in this field. Request Your Free Marketing Kit @ https://www.360quadrants.com/chemicals/fire-resistant-lubricants 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate Manufacturers. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Manufacturers. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. 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