Sullivan Research News

I-Tech AB has been recognized as the technology innovation leader in the European marine biocides market, resulting in the company receiving the 2017 Technology Innovation Award from Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. Based on its recent analysis of the European biocides market, Frost & Sullivan found that the long-term environmental and economic benefits of using I-Tech’s unique bio-repellent antifouling ingredient…

The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market is expected to account for a substantial share of the global market during its peak installation period in 2018. Bulk carriers as well as oil and chemical tankers will be key end users, generating cumulative revenues over the forecast period. Europe will dominate market revenues from 2017 to 2019 while Asia-Pacific will display consistent performance throughout the study period. On this subject Frost & Sullivan is organizing an online conference open to all companies interested in learning more about future trends and challenges facing the global ballast water treatment systems market.

Severn Trent Services receives the 2013 Global Water & Wastewater Disinfection Systems Technology Leadership Award from Frost & Sullivan. The award, which recognizes the company as a pioneer of stable, safe and sustainable electrochlorination products, was presented at the 2013 European Growth Innovation & Leadership Awards Banquet in London, United Kingdom . “Severn Trent Services has established itself as the undisputed technology leader in the field of electrochlorination disinfection through its joint venture, Severn Trent De Nora,” said Frost & Sullivan research analyst, Vandhana Ravi.

The need to reduce ship fuel consumption drives demand for marine coatings, says a new analysis. Increasingly stringent environmental regulations are boosting the prospects of high-value, eco-friendly coatings. Innovation has been the only constant, with all companies striving to offer eco-friendly products, according to a new Frost & Sullivan market report. New analysis, 'Strategic Analysis of the Global Market for Marine Coatings', finds that the market earned revenues of $5,030.1 million in 2011 and estimates this to reach $10,216.3 million in 2018. The research covers anti-corrosive, anti-fouling and foul-release coatings. "The need…

New 'Ballast Water Treatment Market in Asia-Pacific' reports 2011 revenues of over US$214.6-million estimated to reach US$3.63-billion in 2017. The ballast water management (BWM) guidelines set by the International Marine Organization (IMO) has kick-started a fresh industry within the shipping sector, as ship owners look to adopt ballast water systems within their vessels. Water treatment companies have found a whole new market ready for penetration and are eager to carve their place in it. "The number of countries endorsing BWM is growing, as member nations of the IMO understand the impact cross-ocean contamination has on local marine biodiversity," saidFrost & Sullivan Research Associate Prashanth Kay.

The recovery of the ship building industry will stoke demand for marine generator sets in the Asia Pacific, with customers preferring to install multiple units of lower output generator sets in their vessels instead of a single heavy-duty generator set. The Southeast Asian and the North Asian markets are showing huge potential as they are continually involved in the export and import of raw materials. However, with competitively-priced Chinese brands flooding the Asia Pacific market, local participants will be hard pressed to make their presence felt or get a toe-hold. The report says that It is vital for foreign companies to establish a local presence to gain trust and support from their partners and clients, obtain contacts and attract venture capital funding.

According to an analysis by Frost & Sulllivan, major players in the North American oil and gas market, which is characterized by instabilities, have taken a hit over the last couple of years due to the economic decline and price volatility. Furthermore, upstream companies look to these price fluctuations to dictate increases and decreases in exploration and production activities. "Higher oil prices will encourage oil and gas companies to increase their budgets for exploration and production," said a Frost & Sullivan research analyst. New reserves exploration, tapping oil sands, and higher numbers of deep water projects will shore up the market and compensate for the drying up of onshore fields.