Industry Reports

Published on: 08/20/2019
The ongoing need to retrofit or replace North America’s aging water and wastewater infrastructure continues to enable the development of innovative technology and more cost-efficient equipment in the Water Infrastructure industry.
Published on: 08/12/2019
Despite slowing global growth and trade tensions, U.S. chemical production remains strong, predominantly driven by low-cost feedstock availability and domestic end-market growth. 
Published on: 08/08/2019
The resilience of the Environmental, Health & Safety (EH&S) industry to recessionary forces given its ensured demand due to stringent government regulations provides the sector with favorable dynamics to further support heightened levels of merger & acquisition (M&A) activity.
Published on: 07/18/2019
Capstone Headwaters’ Q2 Executive Summary on mergers and acquisitions (M&A) in the Waste & Recycling industry is available for download below. Seventy-five transactions have been announced or completed year-to-date including US Ecology’s announced acquisition of NRC Group for $966 million at 10.6x EBITDA or 2.5x revenue.
Published on: 06/03/2019
Stalled trade negotiations and the subsequent escalation of tensions between the US and China have resulted in the US increasing current tariffs on $200 billion of Chinese goods from 10% to 25%. Industrial manufacturers exposed to rising import tariffs are expected to mitigate their exposure and cost by seeking alternative supply chains solutions and passing the cost onto customers.
Published on: 05/09/2019
US Chemical Production levels have already exceeded 2018, increasing 3.1% year-over-year in March, according to the American Chemistry Council. The ISM Purchasing Managers Index (PMI) expanded in March for the 31st consecutive month lead by increases in new orders (+1.9 percentage points) and production (+1.0 percentage point). Healthy manufacturing capacities are expected to support chemicals demand as well as 2019 EBITDA increases, according to the S&P Global Chemicals Industry Top Trends 2019.
Published on: 04/25/2019
Favorable market tailwinds have supported steady demand in the Environmental, Health & Safety (EH&S) industry. Increasingly stringent Occupational Safety and Health Administration (OSHA) regulations and healthy construction and industrial production activity have been leading drivers of demand for EH&S equipment and services.
Published on: 04/15/2019
The Waste & Recycling industry continues to see strong growth driven by the expansion of the US economy and adjacent rises in industrial, construction, and commercial activity. While per capita waste production has remained relatively stable since peaking in 2000, the US still has more waste than any other nation generating ~4.5 pounds per person per day, according to the Environmental Protection Agency.
Published on: 04/01/2019
Robust demand for packaging assets is expected to persist as strong industry tailwinds, such as e-commerce growth (+14.2% year-over-year in 2018) and the rise in sustainable and ccost-efficientsolutions, continue to be significant growth drivers in 2019. Industry demand is expected to support consolidation as operators with a comprehensive suite of custom and flexible packaging solutions, attractive margin profiles, and low-cost manufacturing advantages are expected to gain buyer interest from leading industry players.
Published on: 03/01/2019
January 2019 marked the 29th consecutive month of manufacturing growth, according to the Institute of Supply Management (ISM). ISM’s Purchasing Managers Index, a monthly survey that indicates the economic health of the Manufacturing sector, registered 56.6%, an increase of 2.3% compared to December’s report. Drivers of growth were new manufacturing orders and expanded production which increased 6.9 and 6.4 percentage points, respectively. 

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