PUNE, India, December 5, 2017 /PRNewswire/ --
Safety cabinets and cans market latest trend gaining momentum in the market is Global chemical industry witnessing mergers and acquisitions. The global chemical industry has witnessed a number of mergers and acquisitions, and most mega-mergers have witnessed closure in 2017 till date. Irrespective of being organic or inorganic, the expansion of companies through mergers and acquisitions is experiencing gratifications from investors and industry analysts in the market. For instance, on April 5, 2017, Quaker Chemical, a US-based specialty chemicals firm announced its merger with Houghton International, a US-based metalworking fluid firm after which the stock price increased by near about 7.2%.
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The analysts forecast global safety cabinets and cans market to grow at a CAGR of 2.58% during the period 2017-2021. Key players in the global safety cabinets and cans market: DENIOS, Eagle Manufacturing Company, ECOSAFE, and Justrite. Other Prominent Vendors in the market are: Complete Environmental Products, Jamco Products, Rötzmeier Sicherheitsbehälter, Safeway Products, SciMatCo, Strong Hold Products, and The Durham Manufacturing Company.
According to the safety cabinets and cans market report; one of the major drivers for this market is Increase in R&D investments with rising number of researchers. R&D is concerned with developing new processes, products, and technologies that can be used for the benefits of humanity. Over the last decade, the global spending on R&D has been rising. More than 80% of investments in R&D across the world has been contributed by the top ten countries, such as China, the US, the UK, and other countries in APAC and the Americas. In the forecast period, developing countries are expected to witness higher growth in terms of investments in R&D when compared with developed countries. This is due to the global economic recession of 2008, which impacted developed economies.
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Further, the safety cabinets and cans market report states that one of the major factors hindering the growth of this market is High cost of R&D. R&D involves significant costs, and the inability of small and medium-sized firms, original equipment manufacturers, and distributors to meet expenses restricts the adoption and innovations of several technologies. As a result, costs incurred in R&D across industries and various economies are high.
Related report is Global Fire Sprinkler Systems Market 2017-2021 the analysts forecast global fire sprinkler systems market to grow at a CAGR of 7.62% during the period 2017-2021. Global fire sprinkler systems market keyplayers are Hochiki, Minimax, NAFFCO, and Tyco Fire Products. Other Prominent Vendors in the market are: Cosco Fire Protection, Globe Fire Sprinkler, HD Fire Protect, Reliable Automatic Sprinkler, Siemens, United Technologies, Victaulic, Viking.
A fire sprinkler system is an effective tool to combat fire in buildings, be it a commercial, industrial, or residential setting as well as in the transportation sector. In case of a fire, these systems are quickly activated to reduce heat, flames, and smoke, thereby saving human lives and preventing injuries as well as loss of property. Fire sprinkler systems are categorized into wet pipe systems, dry pipe systems, deluge systems, and pre-action systems. Browse complete Fire Sprinkler Systems Market report at http://www.reportsnreports.com/reports/1241483-global-fire-sprinkler-systems-market-2017-2021.html
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