HydroTech is a service water and energy conservation firm that serves commercial, industrial, and government facilities markets. Hydrotech provides water management technologies and services that improve water quality while conserving its use. It is based in Fort Worth, Texas.
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Latest HydroTech News
May 19, 2022
Supply Chain Disruptions to Impede Market Progress This market is expected to be negatively affected during the COVID-19 pandemic due to supply chain disruptions. Further, the alarming spike in COVID infections is expected to impede market progress. Moreover, the restrictions on construction activities may result in a lack of demand. Also, the restrictions imposed on transportation led to a lack of raw materials required for production. However, the resumption of manufacturing and the adoption of reduced capacities, automated production techniques, and part-time shifts is expected to enhance the market growth. Segmentation By material analysis, the market is segmented into bituminous, tile, metal, elastomeric, and others. The bituminous segment is expected to face major growth due to the rising demand for the product from residential construction. The inexpensive and simple-to-install nature of the product is expected to enhance the segmental growth. By end-use industries it is classified into residential, non-residential, and industrial. The residential segment is the dominating segment owing to rising infrastructure projects globally. The rising investments in the renovation and development of infrastructural facilities, buildings, and other commercial spaces may drive segmental growth. Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Inquire Before Buying This Research Report: Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Driving Factors Rapid Developments in the Construction Industry to Foster Industry Progress Roofing materials comprise the outermost layers of a building and are used to repair and construct roofs. The rapidly progressing construction industry is expected to enhance the demand for the product. Further, the rising demand for the product due to its ability to deflect UV rays and maintain a cool living environment is expected to enhance roofing materials’ demand. Moreover, the increasing adoption of roofing materials from residential and commercial construction remodeling is expected to boost sales. In addition, robust infrastructure development is expected to enhance sales. These factors may propel the roofing materials market growth. However, the high prices of the materials are expected to hinder the market’s progress. Regional Insights Rising Population and Increasing Disposable Incomes to Enhance Market Growth in Asia Pacific Asia Pacific is expected to dominate the roofing materials market share because of the rising population and increasing disposable incomes. The market in Asia Pacific stood at USD 32.03 billion in 2021 and is expected to gain a huge portion of the global market share in the upcoming years. Further, rising industrial operations in India and China are expected to enhance the demand for materials. These factors may propel market progress. In North America, the rising number of roofing projects for residential, commercial, and industrial projects is expected to enhance the demand for the product. Furthermore, rising construction projects are expected to enhance roofing materials’ demand. These factors may elevate roofing materials demand. Competitive Landscape Companies Devise Acquisition Strategies to Enhance Brand Image The prominent companies operating in the market engage in acquisitions to enhance their brand image globally. For example, in February 2022, Carlisle Companies Incorporated completed the acquisition of MBTechnology, Inc. (MBT). This acquisition shall enable the company to expand its CWT’s modified bitumen roofing offerings and offer more capacity for roofing underlayments. Further, major players incorporate mergers, partnerships, novel product launches, expansions and automated production techniques to enhance their market stance globally. Browse Detailed Summary of Research Report with TOC: Notable Industry Development July 2021: Silka completed the acquisition of American Hydrotech Inc. in the U.S. and its affiliate Hydrotech Membrane Corporation in Canada. Table of Contents
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Where is HydroTech's headquarters?
HydroTech's headquarters is located at 1019 North Henderson, Fort Worth.
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