Thursday, 7 December 2017

Termite Control Market- Insights, Size, Share, Opportunity Analysis

Termites mainly feed on cellulose and dead plant material, usually in the form of leaf litter, wood, and soil. Termite infestation can lead to major damage to buildings, food crops, and in turn humans. Thus, various control methods such as chemical control, biological control, and physical & mechanical control methods are being used to control termite infestation. Supportive government initiatives is a major factor fueling market growth. For instance, the Environmental Protection Agency (EPA) in the U.S. encourages termite prevention through various awareness programs and has implemented stringent standards for registration and use of termite control products.
The subterranean termites segment accounted for the largest market share in 2016. This is attributed to high concentration of these termites, with as many as over two million termites in a single colony, making these the most destructive termite species. Chemical control method is most widely used in controlling termite infestation, as it provides fast elimination and highly effective, with pyrethroids being the most preferred pesticide. In addition to this, chemicals such as chlorinated hydrocarbons, phenylpyrazole, chloronicotinyls, borates, trifluoromethyl aminohydrazones, and pyrroles are also used in this method.
North America is the most dominant region in global termite control market and the region was valued at US$ 1,165.79 million in 2016. This is attributed to increasing demand from commercial and industrial sectors such as food service and food processing industries, for termite control services. The Pest Management Regulatory Agency of Health Canada (PMRA), regulates the Pest Control Products Act (PCPA), in various sectors including Food Residue Exposure Assessment Section (FREAS), which evaluates cases, where these services can affect the human health due to their contact with field crops, meat and dairy products and processed food. Furthermore, global organizations including The U.S. Department of Agriculture (USDA) actively focuses on termite research and control programs and also publishes news related to termite control for creating awareness among the general public. It actively funds research on subterranean termites at the Louisiana State University.
Asia Pacific is expected to be the fastest growing region in global termite control market, in terms of revenue, over the forecast period. Increasing awareness related to damage caused by termites and growing tourism sector are some factors expected to positively affect growth of the market. Rising tourism, is fuelling the demand for hygienic stays in hospitality sector and thereby, aiding to the growth of termite control market at high pace, in the region. According to the data provided by the World Travel & Tourism Council in October 2017, Asian cities are at the forefront of growing tourism and the world’s top ten fastest growing tourism cities including Chongqing, Guangzhou, Shanghai, Beijing, Chengdu, Manila, Delhi, Shenzhen, Kuala Lumpur and Jakarta are all in Asia Pacific.
However, various governments are implementing regulations for use of certain pesticides and limiting the availability of toxic pesticides, either by restricting its use or banning a product completely. For instance, in Japan, heptachlor and chlordane are restricted for use in termite control owing to its harmful effects on human health and environment. This in turn, propelling the demand for biotermiticides, as they are derived from bacteria or fungi and have less environmental impact. In addition to this According to Indian Pest Control Association — a non-profit trade association of professional pest management companies in India — the Insecticides Act aids in regulating the import, registration process, manufacturing, and use of insecticides in order to prevent risk to animals and human beings. All the insecticides undergo the registration process with Central Insecticides Board & Registration Committee (CIB & RC) before its use. The constantly changing regulatory scenario and stringent registration process for pesticides inhibit market growth to a certain extent.
The termite control market was valued at US$ 3,276.91 million in 2016 and is expected to expand at a CAGR of 5.7%, in terms of revenue, over the forecast period (2017–2025).
North America accounted for a revenue share of 35.58% in 2016, in global termite control market. Development of novel technologies for controlling termite infestation is a major factor influencing growth of the termite control market. One such technological innovation was the launch of automatic cold fogging machine at the Pest Summit 2016 to control pest and termites. Moreover, operating constraints such as time constraints and scheduling conflicts and stringent regulatory clearance and lengthy approval procedure are some of restraining factors for the market growth.
Major Players in the Global Termite Control Market
Key players are adopting various strategies such as mergers and acquisitions, joint ventures, partnerships, and product innovations to ensure their long-term sustenance in this market. In 2017, Arrow Exterminating Company, Inc. acquired Bugmaster Exterminators-U.S.-based company that specializes in commercial and residential termite control-to expand its presence in residential and commercial sectors by offering a full line of service.
Some of the key players in global termite control market are BASF SE, Bayer AG, The DOW Chemical Company, Sumitomo Chemical Co., Ltd., FMC Corporation, United Phosphorus Ltd, Nufarm Limited, Nippon Soda Co. Ltd, Rentokil Initial PLC, Adama Agricultural Solutions Ltd., and Ensystex.
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Wednesday, 6 December 2017

Physical Vapor Deposition Market Analysis and Outlook 2025

Physical vapor deposition (PVD) is a thin film decomposition technique, which vaporizes solid metal in a vacuum environment. It is used as a pure metal or alloy coating on electrically conductive metals. In PVD, the material undergoes a three-step procedure that first includes condensation, followed by vaporization, and back to a condensed thin film stage. Evaporation and sputtering are also some of the well-known PVD procedures. PVD is used for producing mechanical, synthetic, optical, or electronic capacities in thin films.
Asia Pacific and the Middle East are expected to be the fastest growing regions in the physical vapor deposition market as the use of microelectronics in these regions is gaining traction.
The PVD segment is expected to expand at a significant CAGR in terms of value. Technological advancement and product innovations are providing opportunities for players to focus on the physical vapor deposition market, which is further expected to create demand over the forecast period.
Physical Vapor Deposition Market Taxonomy
On the basis of material type,
    • Titanium
    • Titanium Nitrate
    • Tantalum
    • Tantalum Nitrate
    • Aluminum
    • Seed Layer
On the basis of uses to application industry,
    • Aerospace
    • Automotive
    • Surgical/Medical
    • Dies and moulds for all manner of material processing
    • Thin films (window tint, food packaging, etc.)
    • Metals (Aluminum, Copper, Bronze, etc.)
On the basis of market analysis,
    • PVD Equipment
    • PVD Services
    • PVD Materials
PVD helps in evaporation, vacuum, and sputtering frameworks to produce wear resistance and quality coatings, and used to improve performance in electroplating applications. Processes involved in PVD coatings are more environmentally friendly and reduce the toxicity of substance as compared to conventional coting procedures. PVD coatings help reduce friction, and are thus used for high performance moving parts in the aerospace and automotive industries. The growing aerospace and automotive industries are in turn, driving growth of the PVD market.
Rise in demand for PVD in solar energy products is thus anticipated to boost the overall market for PVD over the forecast period. Physical vapor deposition is used for coating solar cells in order to improve the performance of devices. Medical equipment, architectural glasses, and data storage are also among the major application segments for PVD. In 2013, physical vapor deposition market exhibited a CAGR of 55% and is further expected to expand over the forecast period.
Physical Vapor Deposition Market Outlook – Asia-Pacific leading the Market
The physical vapor deposition market of Asia Pacific is expected to increase at a higher growth rate due to increasing demand for battery storage and PVD in SSI solar powered PV industries. Countries such as India, China, and Japan are generating demand for PVD, with an increasing demand for sustainable energy resources, which increase the use of microelectronics that make use of PVD techniques. This has positioned the microelectronics as the largest segment in the market, which accounted for over 40% share in the global market, in 2016. In Europe, demand for metallic layer covering and products of longer life expectancy are expected to propel demand for the PVD, thus boosting market growth. Some constraints of the PVD coating technique include line-of-sight transfer and inadequate availability of skilled personal for some PVD products that work at vacuums and high temperatures. This is expected to hinder growth of the market. However, the benefits of PVD coatings such as increased rigidity and resistance to erosion than coatings connected by the electroplating procedure or processes, along with high temperature resistance and strength, and greater durability that enables protection of topcoats are expected to drive growth of the physical vapor decomposition market.
On January 31, 2017, Evonik set up a new research laboratory in Istanbul, Turkey, which helped the company expand in the Middle East. Growth of Nano InvisiPrint system, anti-fingerprint solutions for electronic display were developed by Nanotechnologies (NBD) on February 7, 2017.
Other key participants in the physical vapor deposition market include AJA International Inc., Advanced Energy Industries Inc., Angstrom Engineering, Hauzer Techno Coating, Impact Coatings, Johnsen Ultravac, Richter Precision, Kurt J. Lesker Co, Platit AG, Sulzer Metplas, Oerlikon Balzers Hartec GmbH, and Tokyo Electron.
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Molded Plastic Market- Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Molded plastics are the type of polymers, which can be molded into any size and shape for the use in commercial applications. The use of pigments and other additives enhances the quality of the molded plastics. Molded plastics are used in various end-use industries, owing to the characteristics, such as durability, lightweight, and high chemical resistance. The automobile industry uses molded plastic for manufacturing of air flow ducts, engine cover, wheel wells, car fascia, grilles, bumpers, and other components.
The rapid growth in the construction, automotive and packaging industry is expected to fuel the growth of molded plastics market globally. According to the Organization Internationale des Constructeurs Automobiles (OICA), the automotive industry has seen a growth of 4.5% from 2015-2016. The rise in the demand for environment sustainable and low carbon emitting vehicles has increased the use of molded plastics in manufacturing of automobiles. Moreover, the rapid growth of emerging economies has further surged the packaging industry, owing to the increased outflow and inflow of fast moving consumer goods, in turn augmenting the growth of molded plastic market. Furthermore, the demand for molded plastics from the electrical and electronic industry has seen a substantial growth, due to the increased application in the electronic devices such as laptops, televisions, computers, and mobile phones.
In terms of revenue, Asia Pacific is anticipated to be the largest and fastest growing region for molded plastic market witnessing the highest CAGR of 6.7% during the forecast period. The growth of various end-use industries such as packaging, construction, and automobile has surged the demand for molded plastic. Furthermore, growing population and increasing disposable income of the consumers in the emerging economies such as China and India, are major factors responsible for the growth of the molded plastic market in Asia Pacific. In addition, the growth in the electrical and electronic industry in the region is also surging the market positively.
The Indian electronic market is expected to reach US$ 400 billion during the forecast years, mainly due to the setting up of Electronic Hardware Technology parks (EHTP) in the Special Economic Zones that has brought about more Foreign Direct Investments. Government has also initiated the MSIPS (modified special incentive package) under which US$ 1.7 billion will be offered to the electronic sector in 2017.
Europe is the second largest market for molded plastic, followed by North America. The developed electrical and automotive industry is the major factor boosting the growth of molded plastic market. The increase in remodeling and renovating activities in the North American region is further expected to fuel the growth of molded plastic market. The New Building Canada Fund has committed US$ 10 billion over a 10 year period i.e. 2014-24 to build public infrastructure in Canada. 9 US$ in the National and regional projects and 1 US$ in small population fund.
The Middle East and Africa is expected to have a steady growth in the molded plastic market, owing to the increase in the building and construction in the regions. The Middle East has seen a growth in construction with Qatar and Saudi Arabia, which is major driver for the growth of molded plastic market. This is primarily due to upcoming FIFA World Cup 2022 in Qatar, which is likely to bring millions of people to the country. Construction of stadia, hotels, malls, and public infrastructure is driving the growth of molded plastic market. Moreover, the recent Africa Construction Summit 2017 will also act as a positive impact in the global molded plastic market.
Based on the End-use, packaging is the largest segment in 2016 and is expected to be the same during the forecast years. Packaging holds a revenue of US$ 63830.84 million and is expected to grow at a CAGR of 5.9% from 2017-2025. Packaging industry accounted for the largest market share due to the increased use of light weight packaging in various industries, such as pharmaceuticals, electrical, and electronics.
Major Players in the Global Molded Plastic Market:
Key players operating molded plastic market include Eastman Chemical Company, SABIC, Huntsman Corporation, LyondellBasell Industries N.V, INEOS Group AG, Chevron Phillips Chemical Company LLC, Reliance Industries Limited, Obeikan Investment Group (OIG), Takween Advanced Industries, and BASF SE.
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Forging Market Industry Insights, Trends, and Outlook 2025

Forging refers to a process of shaping the material by applying compressive force manually; by forging machines or with the use of power hammers. Forging process can be carried out on materials in either cold or hot state. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. These products offer toughness, strength, stress, and are reliable end-use industry such as automotive, mining, and aerospace and various other applications.
Forging activities find diverse use in many industries mainly in automotive, aerospace, and oil and gas industries which in turn boosting the forging market and is also anticipated to drive this market over the forecast period.
Global Forging Market Taxonomy
On the basis of type, the global forging market is segmented as:
    • Open Die Forging
    • Closed Die Forging
    • Seamless Forging
    • Roll Forging
    • Upset Forging
    • Precision Die Forging
    • Rotary Forging
    Others
On the basis of end-use industry, the global forging market is segmented as:
    • Automotive
    • Mining
    • Construction
    • Aerospace and Defense
    • Agriculture
    • Power
    • Oil & Gas
    • Others
On the basis of order, the global forging market is segmented as:
    • Custom Forging
    • Catalogue Forging
    • Others
On the basis of raw material, the global forging market is segmented as:
    • Aluminum
    • Magnesium
    • Stainless Steel
    • Titanium
    • Beryllium
    • Brass
    • Copper
    • Bronze
    • Zirconium
    • Others
The closed die forging segment (impression die forging) is the dominant segment in the global forging market and is anticipated have a continuous growth over the forecast period. This is due to its high dimensional accuracy and fine surface finishing. The aerospace and automotive industry are the biggest end users of the closed die forging method.
The automotive segment is accounted to have the largest share in the global forging market. Low fuel rates and interest rates are the key factors driving the growth of automotive industry of the forging market. Similarly, custom forging is witnessed as the dominant segment amongst the order types owing to its immense use in submarines, refineries, space crafts, missiles, pressure vessels, offshore rigs, scientist research equipment, and some others.
Global Forging Market Outlook
    Asia Pacific is projected to be the dominant region in the global forging market having the largest market share in the world followed by North America. Development in infrastructure, advancement in automotive and construction industries in the emerging economies and recognition of the emerging country such as India as the manufacturing hub is propelling the growth of forging market in this region. Moreover, the burgeoning outsourcing of forging activity backed by government initiatives have contributed to the growth of forging market in this region. China, is the key producer of forging products in this region.
    North America has witnessed a burgeoning growth in the global forging market. One of the main reasons behind the growth is due to the increasing demand for rolled ring forging which is ruling the aerospace industry of this region. According to the Forging Industry Association, forging appears in the 20% of products which represents the GDP of U.S.
    Europe is anticipated to witness a significant growth in the global forging market. According to an article published by Euroforge, Germany is one of the major players in this industry accounting for 48% of the forging production. Tata Steel and ThyssenKrupp AG agreed to merge their steel operations to emerge as the continent’s number 2 steelmaker. Environmental and government regulations have given significant pace to global forging market in this region.
Key Players in the Global Forging Market
Key players operating in the global forging market include Bharat Forge Limited., Alcoa, Precision Castparts, ATI Ladish Forging, HHI forging, American Axle & Manufacturing Holdings, Ellwood Group, FRISA, and Scot Forge.
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Dietary Fibers Market Industry Insights, Trends, and Outlook 2025

Dietary fiber is a type of carbohydrate that cannot be digested and absorbed in the small intestine of humans. Dietary fibers include cellulose and non-cellulosic polysaccharides such as pectic substances, hemi- cellulose, gums, and a non-carbohydrate component known as lignin. Increasing demand for dietary fibers in the food and beverages and pharmaceuticals industries is driving growth of the market. Intake of dietary fibers helps reduce the risk of cancers, diabetes, hypertension, strokes, and obesity. Growing health consumers among consumers has creates a demand for maintaining a healthy diet rich in dietary fibers. This has resulted in high demand for fiber-based products such as fiber cookies, crackers, spices, frozen foods, and analogous foods. Increasing demand for functional foods, which include ingredients such as dietary fibers, is creating immense opportunities for growth of the dietary fibers market. Beverages and bakery products are expected to increase the demand for dietary fibers in the near future.
Dietary Food Market Taxonomy:
On the basis of product type:
    • Soluble Fiber
      • Insulin
      • Beta Glucan
      • Pectin
      • Polydextrose
    • Insoluble Fiber
      • Cellulose
      • Hemicellulose
      • Lignin
      • Resistant starch
      • Gums and Mucilage’s
      • Others
On the basis of source:
    • Fruits & Vegetables
      • Avocados
      • Coconut
      • Peas
      • Others
    • Cereals & Grains
      • Brown rice
      • Whole grain breads
      • pasta
    • Legumes
    • Other Crops
On the basis of application:
    • Functional Foods and Beverages
    • Animal Feed
    • Pet Foods
    • Pharmaceuticals
Market Outlook- increasing aging population and rising disposable income is expected to boost growth of the dietary fibers market.
North America contributes to the largest market share in the global dietary fibers market, followed by Europe, and is expected to witness significant growth over the forecast period. Increasing consumer awareness regarding nutrition has boosted the dietary fiber market in North America.
The emerging economies of India, Brazil, and China are projected to provide lucrative growth opportunities for players in the global dietary fibers market. China is expected to be the fastest growing market for dietary fibers, followed by Japan. According to UCSF Medical Center, in the U.S., the average consumption of dietary fibers is 15 grams per person, every day, 25 grams to 30 grams is consumed per adult, every day. The Dietary Guidelines of Americans recommends adults to consume more dietary fibrous foods such as vegetables. In addition, technological developments and government regulations which support insoluble dietary fibers are expected to boost the market growth. Increasing number of manufacturers in the market has led to robust competition, which effectively results in low prices of dietary fibers. Thus, research and development of new dietary fiber products in the food and beverages industries are focusing on expanding its application. The nutrient outline of dietary fiber sources differs with climatic and soil conditions, which is directed to an increase in availability of various soluble dietary fiber sources and global trade for their application with respect to their type and population demand.
Some of the key players participating in the global dietary fibers market are Cargill Incorporated, The Ingredion and Ingredion Idea Labs, Tate and Lyle, SunOpta Inc., Jiangsu Huachang (Group) Co. Ltd., Nexira, Archer Daniels Midland Company, Roquette, Lonza Group. The other leading vendors in the market are FutureCeuticals, Grain Millers Inc., Cosucra Groupe Warcoing, KFSU LTD Australia, Sudzucker, Grain Processing Corporation, BarnDad Innovative Nutrition, and Unipektin Ingredients.
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Transparent Ceramics Market Outlook and Industry Trends 2017-2025

Transparent ceramics are a visually transparent category of ceramics. Transparent ceramics are crystal-like and glassy in nature. These ceramics are used as optically transparent materials in different forms. They are derivatives obtained from silica-based glass through crystallization. Transparent ceramics are used as a substitute to conventional glass. New product launches and acquisitions are some of the key strategies adopted by the market players to achieve a competitive edge in the transparent ceramics market.
Increasing demand from optoelectronic segment is a major driver for the transparent ceramics market. The high production cost associated with transparent ceramics prove to be a stumbling block for the growth of the transparent ceramics market. High prices of raw materials such as sapphire lead to an increase in cost of transparent ceramics, thus elevating the prices of end products. As a result, industries prefer to use cheaper substitutes.
Transparent Ceramics Market Taxonomy
The global transparent ceramics market is segmented on the basis of type, materials, and end use as follows:
On the basis of type;
    Monocrystalline Transparent Ceramics
    Polycrystalline Transparent Ceramics
    Other Transparent Ceramics
On the basis of materials;
    Sapphire
    Yttrium Aluminum Garnet
    Aluminum Oxynitride
    Spinel
    Other Materials
On the basis of end use;
    Optics & Optoelectronics
    Aerospace, Defense & Security
    Mechanical/Chemical
    Sensors
    Healthcare
    Electronics
    Energy
    Others
Monocrystalline transparent ceramics is the largest market segment for transparent ceramics due to its excellent optical transparency and mechanical strength. Owing to these properties, they are widely used in optoelectronics and aerospace, defense & security applications. They are also used as insulators. Sapphire, due to its high transparency properties, is used instead of standard glass to meet the high transparency demands in specific applications. The excellent mechanical and optical properties of transparent ceramics have elevated its demand in the optics & optoelectronics industry, which in turn has bolstered the market growth. It is used to develop CMOS, CCDs, and transmitters. The use of transparent ceramics across aerospace & defense industry has been increasing due to the availability of capital and robust technology in this industry. The material is used to produce armors, windows, and hemispherical domes for aircrafts and missiles.
Market Outlook
    Asia Pacific is a major market for transparent ceramics due to low labor cost and high demand for transparent ceramics across numerous applications. The rising demand from electronics and defense industries in major economies such as China and India drives the market growth in this region. Asia Pacific is also estimated to be the fastest-growing market for transparent ceramics. The region offers potential opportunity due to its strong customer base, strong manufacturing base, and governmental regulations that favor foreign investments, leading to market growth in the emerging countries. The strong electronic market in the region further creates growth opportunities for transparent ceramics over the forecast period
    Availability of capital for technological advancements in the aviation & defense sector in the Middle East, is expected to drive market growth in this region. The Africa market is projected to witness growth over the forecast period owing to the presence of numerous untapped markets in the region, which attracts manufacturers to highly invest in it
    The ceramic & glass refractory and iron & steel industry drive the market growth in Europe. Europe provides the global transparent market with opportunities for technological advancements due to the presence of global players such as Saint Gobain
    In North America, the U.S. is the major consumer of transparent ceramics. This is due to the increasing use of transparent ceramics in defense sector. The market is entering maturity owing to the already developed market for transparent ceramics in the region
Some of the key players operating in the transparent ceramics market include CoorsTek Inc. (U.S.), Schott AG (Germany), Surmet Corporation (U.S.), II-VI Optical Systems (U.S.), Brightcrystals Technology Inc. (China), CILAS (France), and CeramTec-ETEC GmbH (Germany), among others, who have adopted various strategies to increase their market shares.
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Tuesday, 5 December 2017

Offshore Support Vessel Market Analysis and Outlook 2025

The development of offshore facilities involves a variety of marine assets. Over the past few decades, there has been a drastic increase in the offshore E&P activities resulting in to increase in development and demand for offshore support vessels. These vessels are used for exploration, development, production and decommissioning phase of an offshore oil, and gas fields. Offshore support vessel (OSV) can be prepared according to the operators specifications. Offshore E&P operations are complex, failure of operations have drastic consequences on economy and environment. Different types of support vessels are required for different offshore environment. Therefore, development in technology has immensely supported the growth of offshore support vessel market.
Increase in oil demand is expected to increase the exploration and production, in turn fueling offshore support vessel market. However, fluctuating oil price, high initial investment, lack of skilled labor, and government regulations are the major restrains for the growth of offshore support vessel market.
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Global Offshore Support Vessel Market Taxonomy
On the basis of type, the global offshore support vessel market is segmented as:
    • Anchor Handling Towing and Supply Vessel (AHTS)
    • Seismic Vessel
    • Platform Supply Vessel (PSV)
    • Well Intervention Vessel
    • Offshore Construction Vessel
    • Accommodation Ships
    • Multipurpose Support Vessel (MSV)
    • Crew Vessel
    • Inspection, Maintenance and Repair Vessel (IMR)
    • Mooring Launchers
    • Remote Operating Vessel (ROV)
    • Dive Support Vessel
    • Chase Vessel
    • Safety Standby/Utility Vessel
    • Oil Terminal Support Vessel
    • Others
On the basis of water depth, the global offshore support vessel market is segmented as:
    • Shallow Water
    • Deep Water
    • Ultra-Deep Water
The Anchor Handling Towing and Supply Vessel segment is accounted to have highest demand in the offshore support vessel market. However, demand for Platform Supply Vessel is anticipated to increase over the forecast period.
The shallow water depth segment is accounted to have highest growth in offshore support vessel market, as the expenditure in shallow water is less. However, new projects are established in deep and ultra-deep waters over the last few decades emphasizing on the growth of offshore support vessel market.
Global Offshore Support Vessel Market Outlook
    Asia Pacific is accounted to have fastest growth in the offshore support vessel market, owing to increase in globalization and energy demand from economies, such as China, India, Malaysia, and Indonesia. Development in technology has led to augment in the offshore support vessel market. Furthermore, increasing consumption and offshore E&P development in Australia, South China Sea, and Gulf of Thailand have driven the offshore support vessel market in this region. According to Baker Hughes, the offshore rig count in Asia Pacific in March 2017 was 76 as compared to March 2016, which was 70.
    North America is witnessed to have a prominent growth in the offshore support vessel market owing to the increasing production activity in the Gulf of Mexico. Latin America is witnessed to have a burgeoning growth, owing to increase in E&P activities in Golden Triangle (Brazil). According to the U.S. Energy Information Administration, total offshore production has grown by 6.5% in the U.S. In 2016, Gulf of Mexico is anticipated to witness a production of 0.1 million b/d and 0.2 million b/d in 2017.
    Middle East is projected to have a significant growth in the offshore support vessel market owing to the rising offshore production activities in Saudi Arabia. According to the U.S Energy Information Administration, Saudi Arabia is the world’s largest producer in offshore field comprising of 13% of world’s total offshore production including Safaniya oil field, with the highest production of 1.1 to 1.5 million b/d.
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In 2010, Bumiarmada, offshore support vessel company war awarded hurt-less operations with more than hundred thousand man hours by the ExxonMobil and Petronas Carigali Sdn Bhd awarded the company for excellent HSE performance for 250 days.
Some of the famous vessels are:
    North Sea Giant – World’s tallest offshore vessel
    Neptune – Powerful jack-up vessel
    Solitaire – World’s largest pipe laying vessel
The major players operating global offshore support vessel market are maEdison Chouest Offshore, Abdon Callais Offshore, Havila Shipping ASA, Farstad Shipping ASA, Gulfmark Offshore Inc., Bourbon Offshore Marine services, and Island Offshore Management AS.
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