Chemours Company Bonds, Short Term, High Yield, Fixed Income Investment, Yielding Over 7% YTM

For this week’s bond review, Durig looks at a chemical company created by a DuPont spinoff in 2015. Chemours Company (NYSE:CC) is a global leader in the manufacturing of fluoroproducts, chemical solutions, and titanium technologies. It is one of the leading global producers of titanium dioxide (used in paints, coatings, plastics, cosmetics and food), as well as the creator and producer of Opteon™, an award winning environmentally sustainable refrigerant. Highlights from the company’s second quarter results include: (see bullets above).

Robust Growth in Heat-Shrink Tubing Market

The global Heat-Shrink Tubing Market is projected to reach $2.3 billion by 2024 from an estimated $1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the heat-shrink tubing market.

Busbar Trunking System Market Sees Significant Growth

The busbar trunking system market is expected to grow from an estimated $6.35 Billion in 2017 to $8.85 Billion by 2022, registering a CAGR of 6.88%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing demand for electricity, multiple operational and technical advantages to attracted end-users, and stringent regulatory requirements to save power.

Significant Growth in Molded Case Circuit Breakers Market

The molded case circuit breakers market is expected to grow from an estimated $6.92 billion in 2016 to $9.62 billion by 2021, at a CAGR of 6.82%. The global market is set to witness significant growth, due to the increasing rural electrification, growing urban energy conservation programs, increasing industrialization and demand from utilities, and revival in construction activities led by several government initiatives.

Increasing Demand Driving Global Battery Recycling Market

The global battery recycling market is projected to reach $11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and strong demand from the replacement market. Extraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.

Strong Growth in Cladding Systems Market

The cladding systems market is projected to grow from $224.4 billion in 2018 to $292.5 billion by 2023, at a CAGR of 5.44% from 2018 to 2023. Demand for cladding solutions market can be credited to the high growth of construction industry across the globe. Factors such as increasing residential and non-residential construction and infrastructure activities, its high durability, and ability to enhance the aesthetic appearance of the buildings drives the demand for cladding systems.

Pressure Switch Market Driven by Rising Investments

The pressure switch market is expected to grow from an estimated $1.69 billion in 2018 to $2.09 billion by 2023, at a CAGR of 4.39%, from 2018 to 2023. Rising focus on process automation and rising investments in the transportation sector are expected to drive the pressure switch market. Moreover, the low cost of pressure switches coupled with their multi-functionality has resulted in wide use of pressure switches in applications in oil & gas, chemicals, power generation, water & wastewater, and mining industries.

Sintered Steel Market Sees Strong Growth

Global sintered steel market size is projected to grow from $23.6 billion in 2019 to $28.3 billion by 2024, recording a CAGR of 3.7% from 2019 to 2024. The high growth in the construction & transportation industry and electrical & electronics usage across regions is projected to drive the market growth. Factors such as the increasing technological advancement in the automotive sector, rising building & constructional activities, will drive the demand for sintered steel.

Explosive Growth in Smart Ports Market

The global smart ports market is projected to reach $5.3 billion by 2024 from an estimated $1.7 billion in 2019, at a CAGR of 25.0% during the forecast period. This growth can be attributed to factors such as an increasing introduction of green initiatives and the requirement of ports to comply with the environmental regulations that have been implemented by the governments of several nations. The usage of big data and cloud computing to cut down the carbon emissions and at the same time, boost internal operational efficiency is a major driving force for the market.

Recloser Market Sees Strong Growth

The global recloser market (including the sectionalizer market) is expected to grow at a CAGR of 4.88%, from 2017 to 2022, to reach a market size of $2.71 billion by 2022. The increasing demand for electric power worldwide, subsequent investments in installing renewable generation, rapid industrialization, and increased investment in automated power equipment are likely to drive the recloser and sectionalizer market during the forecast period.

DC Circuit Breaker Market Electrified

The DC circuit breaker market is expected to grow from an estimated $2.3 billion in 2019 to $3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market.  Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC circuit breaker market.

Oil and Gas Driving Valve Remote Control System Market

The valve remote control system market is expected to grow from an estimated $6.4 billion in 2018 to $8.0 billion by 2023, at a CAGR of 4.73%. An increased need for industrial valves from oil & gas production is likely to drive the valve remote control system market. Market growth can be attributed to the rise in industrial valve from oil & gas industries across the glob.

Industrial Wastewater Treatment Sees Strong Growth

The global industrial wastewater treatment service market is projected to reach $28.0 billion by 2024 from an estimated $20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. The market growth can be attributed to the stringency maintained by the government on the illegal and improper discharge of industrial wastewater out in the open natural environment, adherence to initiative of Zero Liquid Discharge (ZLD) and also the ever-growing water intensive industries.

Middle Eastern Temporary Power and Cooling Market Growing Strong

The Middle Eastern temporary power market is projected to reach $1.1 billion by 2023 at a CAGR of 12.12% from an estimated $622 million in 2018. An increasing number of events, expansion of IT and data center projects, rise in GDP contribution from the non-oil sectors, and growing construction and infrastructure investments are likely to drive the Middle Eastern temporary power and cooling market.

Gas-Insulated Substation Market Surging

The gas-insulated substation market is projected to reach $29.5 billion by 2023 from $18.9 billion in 2018, at a CAGR of 9.2%. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

Waste Heat Boiler Market Heating Up

The global waste heat boiler market is expected to grow at a CAGR of 6.72%, from 2018 to 2023, to reach a market size of $8.04 billion by 2023. The increasing demand for energy and rising electricity prices are forcing companies to opt for decentralized power supply which is increasing the demand for waste heat boiler. Also, efforts to reduce GHG emissions is expected to drive the waste heat boiler market during the forecast period.

Industrial Control Transformer Market Growing Strong

The global industrial control transformer market is expected to grow at a CAGR of 5.14%, from 2018 to 2023, to reach a market size of $1.04 billion by 2023. The factors driving the market include increased usage of industrial control transformers across major industries, booming power sector and augmented power generation capacities worldwide, and need to reduce equipment failure caused by frequent voltage spikes.

Busbar Protection Market Surging

The global busbar protection market is expected to grow at a CAGR of 6.10%, from 2018 to 2023, to reach a market size of $4.31 billion by 2023. The addition of new transmission & distribution line along with the refurbishment of the old transmission & distribution line is expected to drive the busbar protection market during the forecast period. The adoption of the HVDC technology and huge investments in smart grids and energy systems offer a huge opportunity to the busbar protection market during the forecast period.

Lighting Contactor Market Sees Bright Future

The global lighting contactor market is projected to reach $ 1.1 billion by 2023, at a CAGR of 8.53%, from an estimated $737.8 million in 2018, by value. The growth of the lighting contactor market is mainly driven by a focus on the growing demand for smart controls in the lighting system, increasing adoption of energy-efficient lighting, and increasing implementation of IoT in the lighting industry.

Critical Power and Cooling Market Growing Strong

The critical power and cooling market is expected to grow from an estimated $16.87 billion in 2016 to $25.80 billion by 2021, at a CAGR of 8.88%, from 2016 to 2021. A rise in digitalization and cloud computing leading to an increase in demand for data centers, increasing demand for improved cooling efficiency in data centers, a need to reduce anomalies in power supply, and regulations and initiatives by institutes and associations are the prime factors driving the critical power and cooling  market.

Variable Frequency Drive Market Driven by Energy Efficiency

The variable frequency drive market is expected to grow from an estimated $20.73 billion in 2018 to $27.57 billion by 2023, at a CAGR of 5.87%, from 2018 to 2023. Increase in industrialization and urbanization and rising need of energy efficiency across various industries such as oil & gas and power generation are likely to drive the variable frequency drive market.

Lead Acid Battery Market Energized

The global lead acid battery market is projected to reach $52.5 billion by 2024 from an estimated $41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry promising the installation of several data centers across the globe, which expects the utilization of lead acid batteries for backup power supply.

Surge Protection Devices Market Supercharged

The surge protection devices market is expected to grow at a CAGR of 5.47%, from 2017 to 2022, to reach a market size of $2.68 billion by 2022. Growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures are the major drivers of the surge protection devices market.

Portable Generator Market Revenue Supercharged

The global portable generator market is expected to grow at a CAGR of 3.66%, from 2017 to2022, to reach a market size of $2.28 billion by 2022. The increasing number of weather-related power outages and the increased demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.

Marine Engines Market Built by Shipbuilding

The global marine engines market is projected to reach $16.4 billion by 2024 from an estimated $14.0 billion in 2019, at a CAGR of 3.11%. This growth can be attributed to factors such as growth in international marine freight transport, growth in maritime tourism, and penetration of smart engines for situational awareness and safety. Marine engines are the main source of power in ships, and therefore, play a vital role in the shipbuilding industry.

Generator Sales Market Growing Strong

The global generator sales market is expected to grow at a CAGR of 5.60% during the forecast period. It is estimated to be $22.3 in 2019 and is projected to reach $29.3 by 2024. The major factors driving the generator sales market include the growing demand for uninterrupted and reliable power as some of the best power grids are also subject to downtime, growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries.

Strong Growth in Volt/VAr Management Market

The volt/VAr management market is projected to grow from an estimated $427 million in 2019 to $568 million by 2024, at a CAGR of 5.9% during the forecast period. The need for efficiency to reduce distribution losses and optimize power factor, the complexity of distributed energy generation, and rising demand for electricity are expected to drive the market for volt/VAr management across the world.

Increased Demand Growing Tension Control Market

The global tension control market is expected to grow at a CAGR of 4.65%, from 2017 to 2022, to reach a market size of $1.12 billion by 2022. The increasing demand for automated tension control and the rising transition toward flexible printing & packaging from rigid packaging are driving the market across the world. The rise of pharmaceutical manufacturing in the Asia Pacific region provides opportunities for the growth of the tension control market.