Monday 9 June 2014

Asia Pacific Wastewater Treatment And Management Industry Outlook To 2018 - Increasing Government & Private Investments To Drive The Future Growth

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Asia Pacific Wastewater Treatment And Management Industry Outlook To 2018 - Increasing Government & Private Investments To Drive The Future Growth

The industry research publication titled ‘Asia Pacific Wastewater Treatment and Management Industry Outlook to 2018 – Increasing Government & Private Investments to Drive the Future Growth’ provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the Wastewater treatment market of major countries in Asia Pacific. The report also entails a detailed description of the prominent and emerging geographic markets of the region including Japan, China and India.

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With the increasing population growth and high urbanization rates in the region, the stress on Asia Pacific’s water resources rapidly intensifies. As the fresh water resources are depleting, the requirement for clean, potable water is imperative and immediate. Asia Pacific suffers from water stress and insufficient water infrastructure, in particular for wastewater treatment which is poorly maintained. The wastewater treatment market in the region has substantially expanded in recent years.

Asia Pacific wastewater treatment and management industry, in view of alarming water pollution and use of novel technologies for treating wastewater, generated revenues worth USD ~ million in 2013 and has escalated at a CAGR of ~% during the years of 2007-2013. The countries in the region are trying to reduce their environmental footprint by opting for superior and novel wastewater technologies or equipments. The market, on account of increased researches for novel technologies for treating wastewater, elevated at a CAGR of 13.9% during the period of 2007-2013 and clocked revenues worth USD ~ million in the year 2013.

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Japan, owing to its latest technologies and wide coverage of wastewater treatment plants, was the largest contributor to the market revenues with a share of ~% in the year 2013.The Japan wastewater treatment market can be bifurcated on the basis revenue from treatment of wastewater generated from municipal and industrial sources. The scope for domestic wastewater has been shrinking, which has led to decline in its revenue contribution. On the other hand, the share of industrial wastewater treatment has been rising moderately from ~% in 2007 to ~% in 2009 and ~% in 2011. The numbers of patents for water and sludge treatment technologies have showcased a prominent increase. Industrial equipments are the dominating segment of wastewater market in Japan with a share of ~% in 2013, which has inclined from a share of ~% in the year 2007.

The Wastewater Treatment market in China is the second largest market in Central and Asia Pacific region accounting for a share of ~% in the overall market in 2013. The country witnesses greater amounts of untreated wastewater emissions. At present, China observes a large number of private sector foreign players and a diverse range of companies involved in the sector or the ones looking to enter it. The market generated proceeds worth USD 27,988.5 million in 2013. The market has evolved at a CAGR of 16.7% over the span of 2007-2013. Membrane bio reactors, owing to their low cost, have been the preferred technology/equipment in the China market.

India held the next leading position in the market with a share of ~% respectively in 2013. As the growing population in India continues to exert pressure on depleting water resources, the process of wastewater treatment is indispensable. The Wastewater treatment and management Industry in India is booming and presents several opportunities to the players who wish to enter the market. The India wastewater treatment market is broadly categorized on the basis of revenues from treatment of municipal and industrial wastewater generated in the country. The contribution of Municipal wastewater treatment to the entire revenues of wastewater treatment has increased from ~% in 2007 to ~% in 2013 and witnessed highest contribution in the year 2012 wherein it held a share of ~%. The Indian wastewater treatment industry is estimated to escalate with a phenomenal CAGR of ~% during 2013-2018 and is estimated to reach USD ~million in 2018.

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Philippines wastewater market as compared to Japan is privatized; wherein the wastewater treatment market is majorly operated by the government. The wastewater market in the Philippines has become both considerably better and more lucrative. The government’s initiative to invest in the infrastructure supporting the wastewater treatment in Philippines has further fuelled the market for wastewater treatment in the country. The Municipal wastewater treatment segment is expanding rapidly in Philippines given the lack of adequate drinking water and sanitation facilities. There will inevitably be huge investment by government and foreign players in improving the Filipino wastewater infrastructure and treatment facilities.

KEY TOPICS COVERED IN THE REPORT

Market Size of Asia Pacific Wastewater Treatment and Management Industry in terms of revenue, 2007-2013.
Market Segmentation by Countries, 2007-2013
Market Segmentation by Industrial and Municipal Sources of Wastewater, 2007-2013
Market Size of Asia Pacific Wastewater Treatment Equipment Industry in terms of revenue, 2007-2013.
Market Segmentation by Industrial and Municipal Sources of Wastewater, 2007-2013
Market size, future outlook and projections of the Wastewater Treatment and Management Industry of Japan on the basis of revenue generated, 2007-2018
The market size, future outlook and projections of the wastewater treatment equipment industry of Japan on the basis of revenue generated, 2007-2018
The market size, future outlook and projections of the wastewater treatment and management industry of China on the basis of revenue generated, 2007-2018
The market size, future outlook and projections of the wastewater treatment equipment industry of China on the basis of revenue generated, 2007-2018


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Global Decorative Paints And Coatings Market: Worldwide Market Growth, Trends & Opportunities (2014-2019)

New Market Research Report Added in MarketResearchReports.Biz Reports Database:  Global Decorative Paints And Coatings Market: Trends & Opportunities (2014-2019)

The report titled “Global Decorative Paints and Coatings Market: Trends & Opportunities (2014-2019)” provides an in-depth analysis of global decorative paints and coatings market with regional focus on major markets like EMEA (Europe, the Middle East and Africa), Asia-Pacific, Latin America and North America. It also accesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-19). Further, key players of the industry such as AkzoNobel NV, PPG Industries, Inc. and Sherwin-Williams Company are profiled in the report.

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Geographical Coverage 

EMEA (Europe, the Middle East, Africa)
Asia-Pacific
Latin America
North America

Company Coverage 

AkzoNobel NV
PPG Industries, Inc.
Sherwin-Williams Company

Executive Summary

Paints and coatings demand has been growing steadily since the last decade on the back of rapid industrialization and continuous recovery of global economy. The industry largely depends on the end-user industries it serves, such as steel, automobiles, and furniture and construction industries. The paints and coatings industry can be broadly categorized into two markets: architectural/decorative and industrial paints and coatings. The industry is dominated by decorative/architectural paints and coatings segment, followed by industrial coatings which also account for a significant share of the global market.

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Global decorative paints and coatings market supplies full range of interior and exterior decoration and protection products for both the professional and do-it-yourself (DIY) markets, including paints, lacquers and varnishes, as well as products for surface preparation (pre-deco products).

In recent years, the global decorative paints and coatings market has been on the threshold of enormous growth especially in emerging nations of the world. The growth of the segment is driven by emergence of infrastructure projects in emerging Asian countries, growth of global automobile industry and increasing urbanization. However, factors such as mounting raw material prices, environmental impact and regulations and threat of product substitution are posing challenge to industry’s growth. Major trends prevailing in the market are consolidation in the industry and emergence of environmentally friendly decorative paints.

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Table of Content

1.Executive Summary

2. Paints & Coatings Market
2.1 Introduction
2.2 Types
2.2.1 Decorative Paints & Coatings
2.2.2 Industrial Paints & Coatings
2.3 Market Segmentation
2.4 Applications of Paints

3. Global Decorative Paints & Coatings Market Analysis
3.1 Global Decorative Paints Market Sizing (Actual & Forecasted)
3.1.1 Global Decorative Paints Market Size by Value (Actual & Forecasted)
3.2 Global Decorative Coatings Market Sizing (Actual & Forecasted)
3.2.1 Global Decorative Coatings Market Size by Value (Actual & Forecasted)
3.2.2 Global Decorative Coatings Market Size by Volume (Actual & Forecasted)
3.3 Global Decorative Paints Market Share


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Top Report-Global Cigar Market: Trends & Opportunities (2014-2018)

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Global Cigar Market: Trends & Opportunities (2014-2018)

Scope of the Report

The report titled “Global Cigar Market: Trends and Opportunities (2014-2018)” provides an in-depth analysis of major cigar markets of China, United States, Germany, Spain, the UK and China. It also accesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-18). Further, key players of the industry like Imperial Tobacco, Habanos and Swedish Match have been profiled.

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Geographical Coverage

United States
Germany
Spain
The UK
China

Company Coverage

Swedish Match
Imperial tobacco
Habanos

Executive Summary

The cigar market, in the recent years, had to face the brunt of global economic downturn. Currently, the market is growing at a decent pace with little cigars and cigarillos witnessing continuous rise in consumption and account for majority of sales. Premium cigars account for a very small percentage of overall cigar consumption but in terms of value and margins, it is very high compared to the mass cigar market.

Factors driving growth of the global cigar market are growth of emerging countries, impact of media and a gradual shift from cigarettes to cigars. While in some regions (Asia, South America, Central and Eastern Europe) there is growing popularity of cigars, the British culture is being passed to other developing countries as well. China is the potential market for cigar manufacturers as the country is fast growing in terms of cigar consumption. Flavored Cigars are gaining popularity in the US market as more teenagers or the first time smokers try flavored cigars in the US.

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However, health effects, smoking bans in the US and Europe, taxation policies and heavy duty and the effect of economic crises pose major challenge to the growth of cigar industry. Major trends prevailing in global Cigar market are consumption pattern, popularity of Cuban cigars, dominance of Habanos and expensive cigars.

Table of Content

1. Executive Summary

2. Introduction

3. Global Cigar Market Analysis
3.1 Global Cigar Market: Sizing and Growth by Volume (Actual & Forecast)

4. Global Cigar Market: Segment Analysis
4.1 Premium cigar Market
4.1.1 Premium Cigar Market:  Sizing and Growth by Volume
4.2 Mass Cigar Market
4.2.1 Mass Cigar Market: Sizing and Growth by Volume
4.3 Cuban Cigar Market
4.3.1 Cuban Cigar Market: Sizing and Growth by Volume

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5. Global Cigar Market: Regional Analysis
5.1 The United States Cigar Market: Sizing and Growth by Volume (Actual & Forecast)
5.2 European Cigar Market: Sizing and Growth by Volume (Actual & Forecast)
5.2.1 Germany Cigar market: Sizing and Growth by Volume (Actual & Forecast)
5.2.2 Spain Cigar Market: Sizing and Growth by Volume (Actual & Forecast)
5.2.3 UK Cigar Market: Sizing and Growth by Volume (Actual & Forecast)
5.3 Chinese cigar market: Sizing and Growth by Volume (Actual & Forecast)

6. Global Cigar Market: Growth Drivers & Challenges
6.1 Growth Drivers
6.2 Challenges

7. Global Cigar Market Trends
7.1 Consumption Pattern
7.2 Popularity of Cuban Cigars
7.3 Most expensive Cigar
7.4 Dominance of Habanos

8. Competitive Landscape: Global Cigar Market

9. Company Profiles: Global Cigar Market
9.1 Swedish Match
9.1.1 Business Overview
9.1.2 Financial Overview
9.1.3 Business Strategies
9.2 Habanos S.A.

About Us
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Sunday 8 June 2014

2014-19-Indian Automotive And Industrial Lubricants Market: Trends & Opportunities

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Indian Automotive And Industrial Lubricants Market: Trends & Opportunities (2014-19)

Scope of the Report

The report titled “Indian Automotive and Industrial Lubricants Market: Trends & Opportunities (2014-2019)” provides an insight into the lubricants sector in India with a special focus on sub-segments like automotive and industrial lubricants. The report also includes the production and consumption trend, market value, segmentation on various parameters and distribution structure of the Indian lubricants sector. It also discusses key growth drivers and major challenges faced by lubricants industry in India. Further, key manufacturers of lubricants like Castrol India, HPCL, Gulf Oil and Indian Oil are profiled in the report.

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Segments Coverage

Automotive Lubricants
Industrial Lubricants

Company Coverage

Castrol India Limited
Hindustan Petroleum Corporation Limited (HPCL)
Gulf Oil Corporation Limited (GOCL)
Indian Oil Corporation Limited (IOCL)

Executive Summary

India is the fifth largest lubricant market globally in volume terms behind the US, China, Russia and Japan. India is a net base oil deficit market and many additives used in lubricants are mostly imported. Volume consumption of lubricants in India has consistently declined over past few years as a result of improving lubricant and engine quality. In addition the year 2013 was accompanied by slower GDP growth rate and subdued industrial activity that also affected the industry margins.

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The lubricants usage can be divided in two key segments – Automotive and Industrial. The demand for automotive lubricants in India is driven by growth in vehicle population and the consumption of industrial lubricants is highly correlated with Index of Industrial Production (IIP). Automotive lubricants typically are higher margin products compared to industrial lubricants. Majority of automotive lubricants demand is derived from commercial vehicles (CVs) and tractors, largely dominated by diesel engines. Process oils are the biggest contributor within industrial lubes.

In the Indian market, lubricants are sold broadly through three channels- Original Equipment Manufacturers (OEMs), petrol pumps and bazaar/retail trade. Bazaar trade is the most profitable amongst the distribution channels and consists of spare part shops, dedicated lubricant dealers, mechanic workshops and service centers.

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The lubricants industry in India is dominated by national oil companies namely IOC, BPCL and HPCL that account for almost half of market share. Rest of the market includes private multinationals like Shell, Exxon Mobil, Total and numerous smaller and loyal players.

Table of Content

1. Executive Summary

2. Lubricants and Greases
2.1 Overview
2.2 Types of Lubricants
2.3 Base Oil

3. Indian Lubricants Sector
3.1 Evolvement of Lubricants Industry
3.2 Production and Consumption Trend
3.3 Market Size by Value
3.4 Import and Export Trends
3.4.1 By Quantity
3.4.2 By Value
3.5 Segmentation by End-Use
3.6 Market Share by Players


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Friday 6 June 2014

Capacitive Fingerprint Sensors On Smartphones: Supply Chain And Future Developments By MRRBIZ

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Capacitive Fingerprint Sensors On Smartphones: Supply Chain And Future Developments

In the wake of its acquisition of capacitive fingerprint sensor maker AuthenTec in mid-2012, Apple rolled out iPhone 5S that incorporates an embedded capacitive fingerprint sensor in 2013 and gained intense media attention. Later, the HTC Max and the Samsung Galaxy S5 were released and both embraced a fingerprint sensor similar to the iPhone 5S. Fingerprint sensor technology is not the first time being used on mobile phones though. Key factors affecting the adoption of fingerprint sensors are whether its ecosystem will take shape and whether it will become a common feature on mobile phones. This report summarizes how capacitive fingerprint sensors have evolved, and examines how the industry's supply chain collaborates.

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Table of Content

1. Development of Fingerprint Sensors on Mobile Phones
1.1 Landscape of Mobile Phone Fingerprint Sensors Taking Shape
1.1.1 The Rise of Security Issues Surrounding PC-like Mobile Phones
1.1.2 Demand for Safe Online Transactions Increases as e-Commerce Booms
1.2 Capacitive as The Most Commonly Used Fingerprint Sensor Technology on Mobile Phones
1.3 Area Type Sensors Focus more on Intuitive UI; Swipe Type Sensors Have High Level of Design Flexibility

2. Capacitive Fingerprint Sensor Industry Structure and Development
2.1 US and Japanese Vendors Lead the Market Whilst Taiwanese Vendors Dedicated to Contract Manufacturing
2.2 Mergers and Acquisitions Intensify Industry Concentration
2.2.1 Apple\'s Acquisition of AuthenTec to Cause Wave
2.3 Touch Controller IC Designers to Seek Opportunities in the Fingerprint Sensor Industry.

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MIC Perspectives

Appendix

Glossary of Terms

List of Companies

Comparison of Fingerprint Sensor Smartphones Launched by Branded Vendors
Comparison of Area Type and Swipe Type Sensors

Fingerprint Sensor Technology and Category Types
Operation Flow of Fingerprint Identification System
Capacitive Fingerprint Industry Landscape and Key Players
Capacitive Fingerprint Patent Filing Years and Patent Numbers
Top 20 Capacitive Fingerprint ID Patent Holders by Region
Mergers and Acquisitions in the Capacitive Fingerprint Sensor Industry
Apple\'s Acquisition of AuthenTec and AuthenTec\'s Acquisitions in the Past
Major Suppliers of Mobile Phone Fingerprint ID Sensors, Patent Filing Year, and Patent-holding Numbers

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Global And China LED Industry Report, 2013-2014-Market Growth, Size, Share and Forecast

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Global And China LED Industry Report, 2013-2014

Global and China LED Industry Report, 2013-2014 mainly includes the following: 1, LED downstream market 2, Trends of LED packaging 3, Sapphire Ingot Industry and Market 4, LED industry 5,39 LED vendors The LED industry chain consists of six levels: Die (L0), Package (L1), Carrier (L2), Module (L3), Lump (L4) and System (L5). Herein, Die (L0) and Package ( L1) are two focuses. After the recession in 2011 and 2012, LED saw a turning point in 2013 when Die (L0) and Package (L1) LED market size hit about USD15.188 billion, a rise of 8.3% from 2012. In 2014, the LED market will continue to recover with the market size of USD16.562 billion (up 9.0% from 2013). However, the market is expected to slow down in 2015 because oversupply and a new round of price wars may arise.

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The global LED industry can be divided into four clusters. First, Europe and America underline general lighting with an emphasis on high reliability and high brightness. Second, Japan embodies the most comprehensive technology, performing outstandingly in both of general lighting and backlight display. Besides, it also targets general lighting, automobiles, mobile phones and TV. Third, South Korea and Taiwan targets laptop display backlight, LED-TV backlight and mobile phone backlight with large shipment, low unit price and low margin. Last, Mainland China centers AlInGaP, outdoor display, advertising screen and signal lights which require low technology and reliability; and in these fields, customers are scattered and the unit price is low. From 2011 onwards, a large number of Mainland Chinese enterprises have entered the LED industry, causing panic. In reality, none of Mainland Chinese enterprises (including the giant Sanan Optoelectronics) is capable of producing white LED chips or grasping the related patents.

Therefore, Mainland China has to import or purchase all needed white LED chips from foreign companies. Mainland Chinese LED enterprises rely on local governmental subsidies which were huge in 2010-2013. For example, Elec-Tech International was subsidized with RMB270 million in 2010, RMB311 million in 2011, RMB224 million in 2012 and RMB315 million in 2013; but, the net income of the company was only RMB4.6 million in 2013. Without these subsidies, the company might be in a serious loss. Sanan Optoelectronics obtains RMB4 billion from Xiamen’s government in 2014, because Xiamen is eager to make the company return to Xiamen from Wuhu. Numerous Mainland Chinese LED downstream enterprises are featured with small scale, severe homogenization and intense price war. They cannot get governmental subsidies or conduct financing in the stock market.

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In 2014, many of them may go bankrupt. Since 2013, the development of the LED industry has been mainly reflected in the packaging field. In the future, the LED cost reduction depends on packaging instead of Epitaxy. Packaging costs over 50% of the LED chip spending. Currently, COB packaging and Flip chip packaging are not only the most promising, but also represent the future direction. COB performs strikingly in the field of street lighting and high-power general lighting. But, it is inferior to FLIP-CHIP in the fields where volume is emphasized, such as TV BLU. In addition, FLIP-CHIP’s cost advantage is more obvious. From the perspective of cost and application, COB will become the future mainstream of lighting design. FLIP-CHIP made its debut in 2008, and became mature in early 2012. Its biggest advantage lies in: it can go to SMT production lines directly under high current without Wirebond or separate welding; besides, its size is small. The market size is estimated to jump from USD1.5 billion in 2013 to USD5.5 billion in 2017. In the BLU field, FLIP-CHIP will become the mainstream.

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Table of Content

1. LED Market
1.1 LED Market Size
1.2 LED Lighting Market Size
1.3 LED Lighting Market Trend
1.4 Japan’s LED Lighting Market
1.5 North America’s LED Lighting Market

2. LED Packaging
2.1 Overview of LED Packaging
2.2 COB Packaging
2.3 Flip Chip Packaging
2.3.1 Overview of Flip Chip Packaging

3. LED Industry Chain
3.1 LED Industry Chain
3.2 Sapphire Ingot Market
3.3 Sapphire Ingot Industry
3.4 Sapphire Substrate
3.5 Rubicon
3.6 MOCVD Industry
3.7 AIXTRON
3.8 VEECO

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4. Taiwanese LED Companies
4.1 Everlight Electronics Co., Ltd.
4.2 Epistar Corporation
4.3 Genesis Photonics Inc.
4.4 Arima Optoelectronics Corp
4.5 Formosa Epitaxy Inc


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Construction In Portugal - To 2018-Market Key Trends And Opportunities

New Market Research Report Added in MarketResearchReports.Biz Reports Database: Construction In Portugal - Key Trends And Opportunities To 2018

This report provides detailed market analysis, information and insights into the Portuguese construction industry including:
The Portuguese construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Portugal
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Portuguese construction industry
Analyzing the profiles of the leading operators in the Portuguese construction industry.
Data highlights of the largest construction projects in Portugal

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Executive summary

The Portuguese construction industry recorded a compound annual growth rate (CAGR) of 10.67% during the review period (2009–2013) and valued EUR19.1 billion (US$25.4 billion) in 2013. During the review period, all construction markets registered negative growth, owing to the financial crisis and austerity measures implemented by the government. Although export demand has improved, the economy remained weak and the recovery is vulnerable to external risks. Until consumer and business confidence is revived, general spending and investment will remain low, undermining the prospects for construction activity growth. The construction industry’s output is, therefore, expected to record a nominal CAGR of 1.06% over the forecast period (2014−2018), to reach EUR20.2 billion (US$28.4 billion) in 2018.

Scope

This report provides a comprehensive analysis of the construction industry in Portugal. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Portugal using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Portugal

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Reasons to buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

Key highlights

For the past decade, Portugal’s construction industry has been in a state of decline. According to Statistics Portugal (Instituto Nacional de Estatística – INE), in 2013, construction production activity was equivalent to just 40.0% of the total in 2003. The pace of decline quickened in 2012 and 2013, when the annual decline reached 16.0%. Construction value added in real terms declined from EUR6.4 million (US$8.2 million) in 2012 to EUR5.5 million (US$7.3 million) in 2013, while the contribution of total construction industry’s value add to GDP in nominal terms declined from 4.4% in 2012 to 3.8% in 2013. There has also been a decline in the number of building permits issued in the country; the total fell to 16,700 in 2013, a decline of 19.6% over 2012. The number of completed buildings dropped to 19,700 in 2013, a decline of 24.1% during the same period.
In 2011, the government introduced the new toll charges on roads stretching more than 900km. The charges resulted in a decline in traffic and affected investments in road infrastructure. According to Inrix, a leading provider of traffic services, congestion was reduced by 68.0% in the first quarter of 2013. Portugal’s infrastructure projects are primarily financed by public private partnerships (PPPs) and in 2012 the government decided to renegotiate these contracts with private firms to generate savings and reduce the PPP obligation by 30% over the next 30 years. Owing to these situations, the investment in the road infrastructure category is likely to decline over the forecast period.

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In a bid to meet the targets set out by international lenders, the government has had to implement austerity measures. The government reduced its education spending from a peak of EUR8.5 billion (US$11.2 billion) in 2010 to EUR6.8 billion (US$8.7 billion) in 2012, with some of this saving coming from school closures. The number of schools was reduced by 1,200 to reach 6,292 for the academic year 2013–2014, and as such, future investment in new educational buildings is expected to be minimal.
According to the INE, the movement of goods in ports increased by 20.2% in the fourth quarter of 2013, whereas railway freight transport increased by 8.0%. The road freight transport registered an increase of 19.9% in the fourth quarter of 2013. The upward trend in the transport of goods is likely to continue due to improvements in export demand, which, in turn, will attract investment in the transport infrastructure over the forecast period.
According to the World Travel and Tourism Council, the direct contribution of tourism to the country’s GDP reached EUR9.4 billion (US$12.8 billion) in 2012 and is expected to increase by 2.0% annually by 2023. The number of foreign tourist arrivals in the country increased by 8.1%, to reach 3.6 million in the first half of 2013. Due to an increasing number of tourists, investment in the leisure and hospitality buildings category is expected to increase. Various upcoming projects, such as the Monte Nabo Hotel Resort & Spa, worth EUR24.0 million (US$30.0 million) and Palmares Beach and Golf Resort in Algarve, worth EUR313.1 million (US$412.0 million), will support growth in the commercial construction market.

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