How Will Surge in Disposable Income Drive Polyimide Film Demand?

Statistics Canada states that the household disposable income of the country increased from $ 1,272,838,000,000 in 2019 to $1,399,546,000,000 in 2020. Moreover, the OECD estimates that the average household net adjusted disposable income per capita of Switzerland stands at $37,466 every year, which is greater than the OECD average of $33,604 a year. Furthermore, the National Bureau of Statistics of the People's Republic of China reveals that the per capita disposable income of the nation stood at $5,523 in 2021, which registered an increment of 9.1% year-on-year in nominal terms.

The surge in the disposable income of people in developed and developing countries has resulted in the large-scale adoption of consumer electronics worldwide. Owing to this reason, the polyimide film market will exhibit significant growth in the coming years. The surging use of PI films in the automotive and electronics industries can be credited to the high thermal stability, lightweight, water absorption, excellent durability, and damp-proof usage of such films. Due to such advantageous properties, PI films are used in the production of pressure-sensitive tapes, flexible printed circuits, and wires.

Additionally, the rising vehicle sales and ongoing technological advancements in the automobile sector will also amplify the use of PI films in the foreseeable future. The OICA states that vehicle sales in Europe, North America, Africa, Central and South America, Asia/Oceania/Middle East, and Russia, Turkey and other Europe grew from 6,016,238 units to 7,769,807 units, 8,827,242 units to 11,521,877 units, 369,571 units to 555,988 units, 1,209,843 units to 1,772,866 units, 16,876,658 units to 21,372,188 units, and 1,022,148 units to 1,409,124 units, respectively, from January–June 2020 to January–June 2021.

In the recent past, the FPC category accounted for the largest share in the polyimide film market, within the application segment. The dominance of this category can be owed to the increasing use of PI films in the production of FPCs, as they offer greater thermal resistance than epoxy resins, polycarbonates, and polyurethanes. In contemporary times, PI films are being increasingly used in the production of lightweight and compact FPC assemblies.

Electronics, medical, aerospace, automotive, mining and labelling companies use PI films manufactured by Arakawa Chemicals Industries Ltd., E.I. Du Pont De Nemours and Company, FLEXcon Company Inc., I.S.T. Corporation, Kaneka Corporation, SKCKOLONPI Inc., Saint-Gobain S.A., Taimide Tech. Inc., UBE Industries Ltd., and Yunda Electronic Materials Co. The high-volume usage of PI films by such companies can be credited to the burgeoning demand for improved devices and coating materials from end users.

Thus, the escalating use of consumer electronics and rising automobile sales will facilitate the adoption of PI films globally.

Read More: https://www.psmarketresearch.com/market-analysis/polyimide-film-market

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How Does Anti-Counterfeit Packaging Technology Help in Tracking Shipments?

Solutions for ensuring the secure and safe packaging of products, aiming to reduce brand infringement and counterfeiting, are being widely adopted by various sectors. Such anti-counterfeiting solutions are being integrated with advanced technologies to allow for the smooth shipment of products along the supply chain. Manufacturers can track and trace their shipments and stop fakes from making it to the market. Additionally, consumers benefit from proper packaging and labeling as they tell them whether the product is genuine or fake.

Resultingly, the pharmaceutical and healthcare category will exhibit the fastest growth in the application segment of the anti-counterfeit packaging market in the coming years. These technologies are finding rapid adoption to counter the trade of fake pharmaceutical products, which not only harm the business prospects for genuine labels but also pose a grave threat to consumers. As per Interpol, fake medical products worth $23,414,483 were seized globally under Operation Pangea in 2021. Since pharma and medical devices are a rapidly growing industry, the threat of counterfeits is o becoming bigger here.

In the past, North America held the largest share in the anti-counterfeit packaging market, and it is also expected to maintain its dominance in the coming years. It is attributed to the presence of a large number of food and beverage, pharmaceutical, and other consumer goods companies in this region. The FDA has stringent regulations for the information proper packaging must include, such as the batch number, manufacturing and expiry dates, and manufacturer information, including a unique code, which can be a hologram, barcode, QR code, or any other visual cue.

Therefore, the key reason behind the growth of the anti-counterfeit packaging market in the region is the increasing consciousness of the fact that most of the counterfeits originate in this region, which then make their way to all parts of the world. Therefore, consumers in the region are being educated on the harms of counterfeits and ways to tell real from fake. A key focus of such awareness campaigns is packaging as it is the first thing that catches customers’ eye and is a representative of the manufacturer.

Hence, the need for a secure shipment process for various products, to remove counterfeits from circulation, will propel the demand for anti-counterfeit packaging technologies in the coming years.

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Why Is Cut-Size Uncoated Freesheet Paper Important in Education Institutes?

In a way, paper helps in the growth of the global economy as It is used in almost all places, such as offices, factories, and homes. Moreover, the surging number of educational institutions has provided a lucrative growth opportunity to paper manufacturers. Even now, paper is the most-significant tool for enhancing literacy and providing education in emerging economies, such as Brazil and India. Thus, the growing economy of these countries is propelling the cut-size uncoated freesheet paper market around the world.

India is playing a significant role in this regard as its vast education sector has over 700 universities and 1.5 million schools. These numbers are expected to rise in the coming years, which will continue to create a high demand for this type of paper. Similarly, Brazil has around 30 million students in over 140,000 schools. Despite the governments’ push for digitization, paper is the key material for conveying information in the education sector of these countries because of the unequal access to digital technologies.

Therefore, APAC consumed the highest quantities of this material for different uses in the past. The cut-size uncoated freesheet paper market is also expected to be dominated by this region in the coming years. It will be due to the increasing number of offices and educational institutes, which is propelling the paper industry in regional countries. With over 4 billion people, APAC creates a huge demand for all kinds of paper each day.

Moreover, regional governments are aggressively supporting the education sector and building new schools and universities to accommodate the growing number of adolescents and children. This will ultimately push up the requirement for cut-size uncoated freesheet paper, which is widely used in books and as exam sheets. Similarly, the growing professional population will drive the consumption of this material, especially to feed printers in offices. Additionally, China and India produce a huge quantity of paper, thereby leading to its easy availability.

Therefore, due to the growth of the corporate and education sectors across the world, the demand for cut-size uncoated freesheet paper will increase in the coming years.

Read More: https://www.psmarketresearch.com/market-analysis/cut-size-uncoated-freesheet-paper-market

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India Industrial Aerosol Market To Generate $115.85 Million Revenue by 2030

A number of factors such as rapid industrialization, rise in use of aerosol in automobiles factories and aftermarket, surge in the number of government initiatives for research and development (R&D), and high growth in the manufacturing sector, and rise in disposable income of people in the country are projected to propel the growth of the Indian industrial aerosol market at a CAGR of 5.6% during the forecast period (2020–2030). According to P&S Intelligence, the market generated $70.95 million revenue in 2019, and it is expected to reach $115.85 million by 2030.

Moreover, key players in the Indian industrial aerosol market are focusing on product launches to gain a competitive edge. For instance, in November 2020, CRC Industries Inc. announced the introduction of a multi-use automotive component that acts as a cleaner and degreaser for cleaning air intakes, chokes, throttle bodies, carburetors, brake drums, and rotors. Similarly, in May 2020, 3M Company introduced 3M Scotchkote Polytech Exp RG700, an anti-heat solution for the Indian Railways. Application of this solar-reflective layer reduces the temperature inside an enclosure and it is suitable for an array of metallic and non-metallic substrates.

The application segment of the Indian industrial aerosol market is categorized into spray paints, maintenance, cleaning, and others. Further, the cleaning application category is classified into engine cleaners, electronics cleaners, carpet cleaners, tire cleaners, and others. Moreover, the maintenance application category is classified into de-icers, silicones, anti-fogs, and others. Among these, the spray paints category held the largest market share in 2019, and it is projected to witness the same trend in the coming years as well. This is attributed to the growing Indian manufacturing sector and automotive aftermarket and the surging purchasing power of people in the country.

Due to the presence of multiple players, the Indian industrial aerosol market is fragmented in nature. Players such as Pidilite Industries Limited, Zenith Spray and Aerosols Private Limited, Indian Aerosols Pvt. Ltd., Aerosol Specialities (India), OKS Speciality Lubricants India, PRIME AEROSOLS, Aerol Formulations Private Limited, S. S. Aerosols Pvt. Ltd., Twin Tech India Pvt. Ltd., and Renuka Multichem, are producing high volumes of aerosols to be consumed by the automotive, cosmetics, and manufacturing sectors of the country.

Thus, the growing manufacturing industry and the rising use of aerosol in automobiles factories and aftermarket are expected to propel the market growth during the forecast period in the country.

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Self-Healing Materials Market To Boom in Europe in Coming Years

The global self-healing materials market revenue stood at $1.1 billion in 2020 and it is predicted to rise rapidly from 2021 to 2030 (forecast period). The growing use of self-healing materials in the healthcare, electronics, and automotive industries, their better long-term financial benefits than conventional materials, and rapid advancements being made in the advanced material domain are the major factors fueling the expansion of the market all over the world. 

Self-healing materials assist in increasing the average lifespan of equipment by repairing damages and slowing down entropy. They are majorly used in the aerospace, oil and gas, building and construction, and automotive industries. Some of the major applications in the automotive industry are anti-scratch polyurethane coatings that are based on self-healing elastomers for vehicle bodies. In the construction sector, self-healing asphalt is extensively used. Several oil-containing capsules are incorporated in the bituminous binder for extending the lifespan of the asphalt roof covering.

Globally, Europe contributed the highest revenue to the self-healing materials market in the years gone by. Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will expand rapidly in the region during the forecast period. This is attributed to the existence of several key industry players, increasing R&D activities, growing use of these materials in the automotive sector, and surging implementation of government initiatives for improving product security in various fields in the region. 

The players operating in the industry are focusing on product launches in order to bolster their position and reach out to a larger number of customers. For example, Autonomic Materials used protective coating systems for examining its self-healing materials in January 2020. Furthermore, it was proved via multiple trials that low-volatile organic compounds (VOC) water-borne self-healing coatings are very useful for imparting resistance against corrosion and they are as good as the highly volatile solvent-borne materials. 

Hence, it is safe to say that the market will grow rapidly in the coming years, mainly because of the mushrooming use of self-healing materials in various industries, such as automotive, electronics, construction, and healthcare, and rapid technological advancements in these materials. 

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Discovery of Shale Gas Reserves Will Facilitate Proppant Consumption

The World Shale Resource Assessments released by the U.S. Energy Information Administration (EIA) estimates that Canada, the U.S., Mexico, Australia, Brazil, Russia, Germany, the U.K., South Africa, China, India, and Thailand have 572.9 trillion cubic feet (TCF), 622.5 TCF, 545.2 TCF, 429.3 TCF, 244.9 TCF, 284.5 TCF, 17.0 TCF, 25.8 TCF, 389.7 TCF, 1115.2 TCF, 96.4 TCF, and 5.4 TCF of unproved technically recoverable wet shale gas, respectively. The discovery of new reservoirs of shale gas creates a huge requirement for frac sand, as it breaks the pores in reservoirs to bring the gas to the surface.

Thus, the increasing requirement for frac sand is expected to accelerate the proppant market at a CAGR of 9.5% during 2018–2023. According to P&S Intelligence, the market revenue stood at $6,057.0 million in 2017 and it will reach $10,562.9 million by 2023. Proppant refers to a solid material that is used to keep hydraulic fractures open during the hydrofracking treatment of reservoirs. This material is available in different sizes and sphericity to optimize well productivity. 

Globally, the North American region dominated the proppant market in the last few years due to the introduction of longer laterals to increase natural gas production, moderate recovery in oil prices, and surge in material loading levels in the U.S. and Canada. Moreover, the surge in hydraulic fracturing activities will also lead to the large-scale consumption of proppants in the region. Further, the Asia-Pacific (APAC) region is also expected to use a considerable volume of proppants in the foreseeable future, owing to the soaring popularity of sand materials and burgeoning production of unconventional natural gas.

Therefore, the rapid discovery of shale gas reservoirs and extensive requirement for ceramic and resin-coated materials in the oil and gas sector will augment the consumption of proppants globally.

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Why Are Appearance-Conscious Patients Preferring Surgical Glue?

With the increasing prevalence of acute and chronic diseases, surgery volume is increasing globally. Surgeries are conducted for therapeutic purposes, as well as diagnostic purposes (such as laparotomies). Moreover, many people go under the knife just for aesthetic purposes. All this is resulting in a rising requirement for a variety of tools and materials, such as scalpels, cautery, forceps, drills, bone saws, sutures, tissue staples, and surgical glue.

This is the reason P&S Intelligence forecasts that the surgical glue market will grow from $3,810.5 million in 2017 to $6,936.5 million by 2023, at a 10.6% CAGR between 2018 and 2023. Surgical glue is increasingly being preferred over sutures and staples because it causes less pain and scarring. Moreover, it reduces the hospital stay, thereby helping patients in cost saving, and allows them to return to their daily chores, office, or school quicker.

In this regard, the increasing appearance consciousness is propelling the demand for such materials in two ways. First, in order to look good, people are increasingly going for cosmetic procedures. As per the International Society of Aesthetic Plastic Surgery (ASAPS), compared to 10,607,227 in 2018, 11,363,569 surgical aesthetic procedures were conducted around the world in 2019. Since they are performed for looking good, patients are preferring surgical glue over stitches and staplers, which are the two ways in which the growing cosmetic surgery volume is propelling surgical glue usage.

On account of such extensive R&D, North America is set to continue to be the leading surgical glue market in the coming years. The region is already home to a large number of hospitals, which is why the surgery volume is the highest here. Moreover, due to the strong financial situation of the majority of its residents, the plastic surgery volume is also increasing in the continent. Additionally, investments for the procurement of the latest medical devices and supplies are surging, thereby leading to the rising sale of surgical glue.

Hence, the demand for surgical glue will rise with the increasing volume of surgeries around the world.

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Why are Worldwide Sales of UV Metalized Caps and Closures Booming?

The burgeoning requirement for metalized caps and closures in the cosmetics industry and soaring need for foods and beverages, especially in developing countries, on account of the rising disposable income of people, are the major factors driving the demand for UV metalized caps and closures across the world. As these caps and closures are used extensively in the food and beverage sector, the expansion of this sector is positively impacting the worldwide sales of these caps and closures, which is, in turn, propelling the progress of the global UV metalized caps and closures market. 

Besides, the surging consumption of alcohol is also predicted to fuel the demand for UV caps and closures. For instance, the consumption of alcohol in Australia soared from 9.52 liters per capita during 2014–2015 to 9.70 liters per capita during 2015–2016. Moreover, it rose even more and reached 9.72 liters per capita in 2018. Owing to these factors, the revenue of the UV metalized caps and closures market will grow from $297.0 million in 2017 to $378.9 million by 2023, as per the forecast of the market research firm, P&S Intelligence.

Aluminum and alloy are the two main metallizing materials used in UV metalized caps and closures. Gold, silver, platinum, and chromium are the most widely used metalizing materials. Out of these, the use of aluminum was found to be the highest in these applications, owing to its various beneficial traits, such as low weight, low cost, resistance to corrosion, and similar glossiness to silver. Moreover, aluminum is being increasingly used as a metalizing material in packaging applications in various industries, such as skincare, fragrance, food and beverage, and cosmetics. 

Of the two, the demand for these caps and closures was found to be higher in the cosmetics, fragrance, and skincare sector during the last few years, on account of their several unique characteristics, such as the ability to provide premium look and improved durability and ensure the elimination of various surface imperfections, which usually develop during the manufacturing process. Geographically, the sales of UV metalized caps and closures were observed to be the highest in Europe in the past. This was because of the high production capacity and manufacturing cost optimization by manufacturers via low-cost raw material sourcing in the region. Additionally, the demand for these caps and closures is rising sharply in regional countries, such as Poland, Hungary, Slovakia, and Czech Republic.

Hence, it can be safely said that the demand for UV metalized closures will grow sharply in the coming years, primarily because of their rising requirement in the food and beverage sector all over the world.

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High Disposable Income To Fuel Automotive Refinish Coatings Sale in Indonesia

The Central Bureau of Statistics, the U.S., states that the per capita disposable income of Indonesia surged from IDR 38,555.200 in 2017 to IDR 41,287.100 in 2018. The rising mounting disposable income of people has led to a significant surge in the purchasing power of people in local demographics, owing to which Indonesia is witnessing the large-scale introduction of numerous differentiated products, such as basecoats, clearcoats, and primers and fillers. Thus, the increasing disposable income is expected to accelerate the usage of automotive refinish coatings in the country.

Additionally, the increasing number of vehicles in the country will also help the Indonesian automotive refinish coatings market advance at a CAGR of 4.9% during 2018–2023. According to P&S Intelligence, the market was valued at $240.2 million in 2017 and it will generate $336.6 million revenue by 2023. The International Organization of Motor Vehicle Manufacturers (OICA) states that Indonesia produced 551,400 units of passenger cars and 139,886 units of commercial vehicles in 2020.

Currently, the companies providing automotive refinish coatings in Indonesia are actively focusing on the procurement of refinishing products and raw materials from their global manufacturing plants and distributing these products to automobile original equipment manufacturers (OEMs) and aftermarket firms offering vehicle parts. Companies, such as BASF SE, Kansai Paint Co. Ltd., PT. Hartwell Paint Indonesia, PT. Victorindo Pratama Mandiri, PT. NP Auto Refinishes Indonesia, Akzo Nobel N.V., The Sherwin-Williams Company, PT. Anugerah Berkat Cahayaabadi, KCC Corporation, The Lubrizol Corporation, and PT. Danapaint Indonesia, produce epoxy, alkyd, acrylic, polyurethane, and polyester-based refinish coatings in Indonesia. 

The aforementioned companies use ultraviolet (UV)-cured, solvent-borne, and water-borne technologies to produce refinish coatings for cars, two-wheelers, and commercial vehicles. In the last few years, solvent-borne refinish coatings were consumed in the highest volume in Indonesia due to the availability of a diversified portfolio of such products and their low drying time. Refinish coatings applied on vehicles can be availed from aftermarket companies and OEMs. In the coming years, the aftermarket sales channel will gain traction in Indonesia due to the growing number of pre-owned car dealerships and the increasing number of custom car and car repair shops in the country. 

Therefore, the soaring disposable income of people and the rising number of automobiles will facilitate the adoption of automotive refinish coatings in Indonesia in the years to come.

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How Will Investments in Agrarian Sector Drive Agricultural Adjuvants demand?

The United Nations Department of Economic and Social Affairs (UNDESA) forecasts that the world population will surge from 7.6 billion in 2017 to 8.6 billion by 2030, 9.8 billion by 2050, and 11.2 billion by 2100. As per the UNDESA, the global population is increasing by approximately 83 million every year. The booming world population will create a huge demand for food crops, cash crops, and horticulture crops, owing to which the agrarian community will use agricultural adjuvants in abundance.

Additionally, the mounting investments being made in the agriculture sector will also help the agricultural adjuvants market exhibit a CAGR of 5.5% during 2020–2030. The market revenue will grow from $3,106.7 million in 2019 to $5,485.1 million by 2030. For example, in September 2021, the U.S. Department of Agriculture (USDA) announced an investment of $3 billion in agriculture, animal health, nutrition. Further, the Government of Indonesia and the International Food Policy Research Institute (IFPRI) prepared the Policies to Support Investment Requirements in Indonesia's Food and Agriculture Development during 2020–2045 report to strengthen the agriculture sector. 

According to P&S Intelligence, the North American region dominated the agriculture adjuvants market in the preceding years, primarily on account of the presence of local manufacturers. Additionally, the regulatory support being offered to adjuvant producers and related agrochemical companies will also facilitate the production of agricultural adjuvants in the region. Moreover, the non-existence of federal regulations on the application of such adjuvants in the U.S. also propels the consumption of these agrochemicals in North America.

Furthermore, the Asia-Pacific region will also consume a notable volume of agricultural adjuvants in the forthcoming years, due to the surging demand for food products. The increasing food demand can be ascribed to the booming population in developing countries, such as India and China. The World Bank states that the population of India and China grew from 1.353 billion in 2018 to 1.366 billion in 2019 and 1.398 billion in 2019 to 1.402 billion in 2020, respectively. 

Thus, the escalating food demand and increasing investments in the agriculture sector will propel the consumption of agricultural adjuvants in the foreseeable future.

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Increasing Production of Generic Drugs Propelling Chlorobenzene Demand

The mushrooming use of chlorobenzene in the chemical industry is one of the major factors fueling its sales across the globe. Chlorobenzene is extensively used as a solvent in the synthesis of insecticide and pesticide formulations, organic chemicals, nitrobenzene, drugs, di-phenyl oxide, and di-isocyanate and for degreasing automobile components. With rapid industrialization and globalization, the requirement for chlorobenzene in several manufacturing and chemical processing facilities is surging. Thus, the expansion of the chemical industry is positively impacting the worldwide sales of chlorobenzene.

 The growing use of chlorobenzene in pharmaceutical and personal care industries is currently trending in the chlorobenzene market. Trichlorobenzene is being increasingly used in the pharmaceutical industry for synthesizing the intermediates of several medicines, including vitamin supplements and antibiotics. The United Nations Industrial Development Organization (UNIDO) has recently taken the responsibility to bolster the local manufacturing of essential generic drugs in both developed and developing nations. Additionally, research and development (R&D) activities for developing new drugs to manage and treat chronic diseases have grown massively over the last few years, which is also propelling the demand for chlorobenzene. 

This is credited to surging requirement for chlorobenzene in regional countries, such as China and Japan. Moreover, China is the largest producer of chlorobenzene in the world, on account of its requirement in the production of herbicides and polyphenylene sulphide resin. Additionally, Japan is witnessing a massive rise in the production of polyphenylene sulphide, on account of the surge in the country’s chemical industry, which is also driving the expansion of the market in the region. 

The players operating in the industry are actively focusing on collaborations in order to strengthen their position and reach out to more people. For example, CHEMADA Industries Ltd., which is a producer of fine chemicals for various industries, initiated a distribution agreement with Moriroku Holdings Company Ltd. (Moriruko Japan) in Japan. As per the terms and conditions of the agreement, Moriroku Japan gained the rights for the distribution of the products developed by CHEMADA Industries in Japan. 

Hence, it can be safely said that the demand for chlorobenzene will rise sharply in the coming years, mainly because of the expansion of chemical and pharmaceutical industries all over the world. 

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Polypropylene Consumption To Increase in Food and Beverage Packing Sector

Polypropylene is being increasingly used in food and beverage packaging, due to the rising consumer awareness regarding health and wellness. This form of plastic is primarily used in the production of safe packaging materials and microwave containers. Additionally, this plastic is also used in the industrial packaging and building and construction industries, due to its high tensile strength. Thus, the increasing demand for safe and rigid sustainable packaging will create an extensive requirement for polypropylene in the coming years.

Besides, the flourishing nonwoven polypropylene fiber industry will also help the polypropylene market advance at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $94.3 billion in 2020, and it will generate $165.6 billion revenue by 2030. Nonwoven polypropylene is used in the production of hygiene and medical products, such as toddler training pants, infant diapers, adult diapers, and feminine hygiene pads. In recent years, the demand for this plastic has exponentially increased in Asian countries, due to the rising public awareness regarding hygiene and the mounting disposable income of people.

In the preceding years, polypropylene was primarily used in injection molding applications due to the burgeoning demand for molded products, such as rigid containers. Polypropylene is used in the production of articles of different shapes and sizes through injection molding to develop recreational vehicle (RV) products, household goods, and marine and automotive parts. The burgeoning demand for such molded products will result in largescale consumption of polypropylene in injection molding applications in the upcoming years as well. Other application areas of this polymer are fiber, blow molding, raffia, and film and sheet.

Polypropylene manufactured by Reliance Industries Limited, INEOS Group Holdings S.A., PetroChina Company Limited, Formosa Plastic Corporation, Sinopec Group, Total S.A., Braskem S.A., Borealis AG, SABIC, Exxon Mobil Corporation, and LyondellBasell Industries B.V. is used by the automotive, consumer goods, construction, electrical, medical, and packaging industries. Presently, the packaging sector uses the highest volume of polypropylene, as it is ideal for several food packaging containers, such as thermoformed trays, injection-mold pots, and thermoformed pots, due to its ability to resist multiple chemical solvents.

Geographically, the Asia-Pacific (APAC) region accounted for the largest share in the polypropylene market in 2020, and it is expected to retain its dominance in the forecast years as well. This can be attributed to the surging government expenditure on research and development (R&D) of new polypropylene applications and the increasing consumption of flexible food packaging materials and electrical components in the region. Additionally, the presence of prominent players also contributes to the market growth in the region.  

Therefore, the escalating demand for hygienic and rigid packaging materials and the growing nonwoven polypropylene industry will facilitate the production of polypropylene globally. 

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Why Is Aerospace Sector Increasingly Using Ceramic Matrix Composites?

From $1,891.3 million in 2015, the ceramic matrix composites market size is projected to witness a 13.7% CAGR during forecast period, to reach $6,006.1 million by 2024. The key factors driving product sales include the rising usage of lightweight composites in aircraft manufacturing and surging demand for CMCs in the defense sector. These materials consist of a ceramic matrix with ceramic fibers embedded in it. Their biggest advantages are high-temperature functionality, resistance to wear and tear, high stiffness, and corrosion resistance.

The application segment is categorized into aerospace, defense, electrical & electronics, energy & power, and others. The aerospace category generated the highest revenue and registered the highest sales volume in 2015. This is attributed to CMCs’ high importance for the fans of jet engines and blades of helicopter rotors. The market is set to grow the most rapidly in the energy & power category during the forecast period because of the surging usage of CMCs in the manufacturing of the blades of gas and wind turbines and a few other components.

Lightweight vehicles are trending in the ceramic matrix composites market because of the global outcry for mitigating pollution and climate change. According to the U.S. Department of Energy, a reduction in the weight of a vehicle by 10% can raise its fuel efficiency by 8%. Moreover, the replacement of steel and iron automobile components with those made of aluminum alloys, polymer composites, magnesium alloys, and carbon fiber can lead to a massive 50% reduction in the vehicle weight and, in turn, in considerable fuel savings.

However, the biggest driver for the growth of the ceramic matrix composites market presently is the rising usage of these materials in the aerospace sector. With the booming air travel activities, both internationally and domestically, aircraft sales are burgeoning around the world. This is credited to the dramatic rise being witnessed in the number of business travelers and holidaymakers. As a result, the demand for CMCs for the production of high-speed machine parts, helicopter rotor blade sleeves, power transmission lines, and jet engine fans is increasing.

Presently, North America dominates the ceramic matrix composites market because it is the largest aerospace and defense producer in the world. Moreover, the U.S. is also the largest buyer of defense equipment and one of the largest buyers of commercial aircraft for public and personal usage. As of May 2019, the largest airlines in the world by fleet size were American Airlines, United Airlines, Delta Air Lines, FedEx Express, and Southwest Airlines, all based in the U.S. Similarly, with over 13,00 aircraft of all types, the U.S. Air Force (USAF) is the largest on earth.

Hence, with the burgeoning aerospace, defense, and automotive production, the market will reach new heights.

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Why Is North America Largest Consumer of 3D Printing Materials?

It is the continuous evolution in the science of using one object or material to create another that has helped the human species survive for so long. In other words, a solid manufacturing base is the key to modern comforts and a strong economy. Thus, with human needs changing over time, the manufacturing technology is also evolving. The biggest current revolution in this space is 3D printing, wherein a printer, much like the ones seen integrated to a common computer, adds material, such as metals, plastics, and ceramics, layer by layer, to create the final product.

Since this process saves manufacturing time and wastage and offers a wider margin for customization, the 3D printing materials market, as studied by P&S Intelligence, will likely grow from $558.4 million in 2017 to $1,365.6 million by 2023, at a 16.7% CAGR between 2018 and 2023. The material is usually fed to the printer in the form of a powder, filament, or liquid, which the printer extrudes only in the desired amount. In conventional manufacturing, a sheet of metal is first cut, and then the scraps are gathered and remelted to form another sheet. Thus, 3D printing not only reduces waste, but also quickens up production.

Due to such innovations in the manufacturing sector, North America is the largest 3D printing materials market till now. The advanced industrial and technological infrastructure of the continent allows regional companies to use additive manufacturing on a large scale. Moreover, the U.S. is home to some of the biggest aerospace and defense companies in the world, including Boeing, Lockheed Martin, GE Aviation, Bell Textron, General Dynamics, NASA, and Northrop Grumman. Further, another key North American sector where additive manufacturing is becoming popular is medical devices and implants.

Moreover, in the coming years, the demand for 3D printing materials will grow the fastest in Asia-Pacific (APAC) as this technology penetrates deeper into the electrical and electronics and automotive industries, both of which APAC is known for. Further, with government programs such as Made in China 2025, Make in India, and Making Indonesia 4.0, the focus on advanced factory technologies is increasing, which is resulting in the surging usage of additive manufacturing.

Hence, as the adoption of 3D printing grows, so will that of the various materials used for the purpose.

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How Is Personal Care Industry Driving Sodium Sulphate Demand?

Sodium sulphate is widely used in the personal care industry, especially in the production of powdered detergents, which are being extensively used in the Asia-Pacific (APAC), Latin American (LATAM), and African regions. The surging demand for powdered detergents in Chile, China, India, Indonesia, Thailand, the Philippines, and Vietnam can be primarily attributed to the macroeconomic growth in these countries. Besides, the shift from hand to machine-based washing of clothes in these countries will facilitate the consumption of this salt in the upcoming years.

Moreover, due to the surging use of glass in construction projects as artificial facades, owing to the recovery of the construction sector in developed countries and mounting investments being made in this sector, the sodium sulphate market will witness a 2.6% CAGR during the forecast period (2019–2024). According to P&S Intelligence, the sale of this compound generated $2,019.3 million in 2018, and this number will rise to more than $2,109.4 million by 2024. Sodium sulphate is used as a fining agent, which helps remove air bubbles from molten glass, in glass production.

At present, the sodium sulphate market is fragmented in nature, with the presence of only a few major players, such as MINERA DE SANTA MARTA S.A., China Lumena New Materials Corp., Nafine New Material Co. Ltd., Xinli Chemical, Sichuan Hongya Qingyijiang Sodium Sulphate Co. Ltd., JSC Kuchuksulphate, Grupo Industrial Crimidesa, and Jiangsu Yinzhu Chemical Group Co. Ltd. Currently, they are undertaking strategic measures, such as product launches, mergers and acquisitions, and geographical expansions, to gain a competitive edge.

Geographically, the APAC region accounted for the largest share in the sodium sulphate market in 2018, and it is expected to retain its dominance in the forecast years. The lead can be primarily credited to the enormous growth in the personal growth sector of China, which uses sodium sulphate as a raw material in the production of bodywashes, shampoos, soap bars, and other hygiene products. Additionally, the increasing consumption of the compound in the textile industry of China will lead to the market growth in the region.

Thus, the soaring demand for powdered detergents in the APAC, LATAM, and African regions and rising use of glass in the construction industry will create a huge requirement for sodium sulphate in the foreseeable future.

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Why is Acrylates Market Booming in China?

The global acrylates market revenue stood at $10,949.9 million in 2018, and it is predicted to surge above $12,593.8 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 4.9% from 2019 to 2024 (forecast period). The market is being driven by the booming construction sector in several countries, on account of the mushrooming population and rising urbanization rate. Many countries are witnessing a sharp surge in construction investments, which are aimed at facilitating the development of high-rise buildings and renovation activities. 

As acrylate-based paints and coatings have high durability and exhibit excellent stability at extreme temperatures and contain zero volatile organic compound (VOC) concentration, the rising construction activities are driving their sales globally. Besides, the growing preference of consumers for acrylic emulsions over oil-based products is also propelling the growth rate of the acrylates market. These emulsions provide advantages, such as color fastness, resistance to wear and fading, and short drying time.

When application is taken into consideration, the acrylates market is categorized into paints and coatings, adhesives and sealants, acrylic fibers, textile chemicals, and leather chemicals. Amongst these, the paints and coatings category contributed the highest revenue to the market in the past. This was because of the high requirement for acrylic formulations in various architectural paints and coatings, which are extensively used on the exterior and interior walls of industrial, commercial, and residential buildings.

Geographically, the Asia-Pacific (APAC) region is predicted to hold more than 70.0% share in the acrylates market in the coming years. This is credited to the burgeoning requirement for acrylic products in automotive and construction industries, owing to the ballooning population, rapid urbanization, and surging disposable income of people in regional countries, such as China, South Korea, Japan, and India. China was the largest regional market in 2018 because of the high requirement for acrylates in automotive original equipment manufacturer (OEM) coatings, special-purpose construction coatings, and architectural coatings in the country. Moreover, the country is home to a large manufacturing sector, which is further boosting the demand for acrylates. 

Hence, the demand for acrylates will rise enormously all over the world in the forthcoming years, mainly because of the growing need for acrylic esters in adhesives and sealants and acrylate-based paints and coatings in the construction sector. 

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How Is Food and Beverage Sector Driving Packaging Adhesives Market Growth?

A number of factors, such as the rising preference for sustainable adhesives, increasing penetration of e-commerce platforms, and flourishing food and beverage industry, are expected to drive the packaging adhesives market at a CAGR of 4.6% during the forecast period (2020–2030). The market was valued at $10,426.9 million in 2019, and it is projected to generate $17,137.4 million revenue by 2030. Moreover, the surging use of low-tack adhesives (LTAs) in reclosable applications, on account of their strong adhesion property, offers an ample growth potential for the market.

One of the primary growth drivers for the market is the expanding food and beverage industry owing to the soaring consumption of packaged food across the world. The growing preference for packaged food items can be credited to the surging consumer preference for ready-to-eat food products with a longer shelf life and increasing work pressure. To ensure a longer shelf life, food and beverage companies are using adhesives that can bond the surfaces of containers, pouches, and wrappers even under greasy conditions.

The formulation segment of the packaging adhesives market is classified into solid-based, solvent-based, water-based, and others. Under this segment, the water-based category accounted for the largest market share in 2019 owing to the environment-friendly characteristic of water-based packaging adhesives. Unlike solvent-based adhesives, water-based adhesives do not contain volatile organic compounds (VOCs), which have a detrimental effect on the environment and human health. As the uncontrolled emission of VOCs contributes to global warming, end-use industries are shifting toward water-based packaging adhesives.

According to P&S Intelligence, the Far East accounted for the largest share in the packaging adhesives market in 2019 due to the high-volume consumption of such materials in the consumer goods, e-commerce, food and beverage, and personal care industries of China. The flourishing e-commerce sector in Japan and China owing to the heavy discounts and convenience of home delivery is also generating an extensive demand for packaging adhesives across the region.

Thus, the escalating demand for packaged food and a burgeoning need for sustainable adhesives are the major contributors to the market growth.

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How Is Flexible Packaging Facilitating Coding and Marking System Use in India?

The Food Safety and Standards (Organic Foods) Regulations, 2017, mandate the labelling of organic food products with "Jaivik Bharat" to distinguish them from non-organic ones. As per the Food Safety and Standards Authority of India (FSSAI), organic foods are produced through holistic agricultural practices that focus on soil health, bio-diversity, and chemical-free inputs. With the increasing focus of food and beverage companies on labelling their products to adhere to government regulations, there will be a significant surge in the consumption of coding and marking systems in India.

Moreover, the surging use of innovative packaging, especially flexible packaging, will help the Indian coding and marking systems market advance at a CAGR of 9.8% during 2020–2030. According to P&S Intelligence, the market was valued at $49.8 million in 2019, and it will generate $136.5 million revenue by 2030. The burgeoning demand for flexible packaging can be attributed to the evolving rural markets and booming middle-class population in the nation. Additionally, the expanding e-commerce sector will also create a huge requirement for innovative packaging solutions in India in the coming years.

In addition to pharmaceutical and food and beverage companies, automotive and aerospace, chemical, and electrical and electronics companies also use coding and marking systems to label their products. In recent years, end users have been replacing analog technologies with digital coding solutions to code, mark, and label a plethora of shipments and products without compromising the production speed. The shift toward digital coding solutions, owing to the ongoing Industry 4.0 revolution, helps manufacturers easily identify parts, shipments, cartons, devices, and pallets.

At present, the Indian coding and marking systems market is dominated by Dover Corporation, Control Print Limited, Domino Printing Sciences plc, and Danaher Corporation. These companies are primarily engaging in product launches to offer advanced systems to a greater number of customers. For example, in June 2020, Videojet Technologies Inc. introduced the Videojet 1280 continuous inkjet printer to reduce unplanned printer downtime. The printer also helps maintain the print quality and optimize uptime by constantly monitoring the environmental conditions and automatically adjusting the jetting parameters.

Thus, the toughening government regulations on labelling food products and increasing usage of innovative packaging solutions will encourage the adoption of coding and marking systems in India in the foreseeable future.

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How Is Growth of Construction Sector Fueling Self-Levelling Concrete Demand?

Self-levelling concrete or self-levelling compound is used in industrial and commercial constructions to smoothen and level out the entire floor area. It is a mixture of water and powder that has exclusive flow viscosity, which enables the compound to spread on its own on the floor before setting. In recent years, the use of such products has increased due to the surging need to renovate and repair hospitals, offices, malls, apartments, and schools, owing to the escalating need to offer aesthetically enhanced infrastructure.

Moreover, the expanding construction industry, owing to the mounting focus of governments on improving infrastructure and providing housing, will drive the self-levelling concrete market at a CAGR of 5.1% during the forecast period (2018–2023). The market revenue is expected to grow from $5,000.3 million in 2017 to $6,726.3 million by 2023. For instance, the Kingdom of Saudi Arabia launched the Housing Program in 2018 to meet the housing needs of the populace. This Program aims to provide accommodation to the underprivileged sections of society.

Additionally, the accelerating industrialization rate, especially in developing countries, such as India, China, and Brazil, will also create an extensive requirement for self-levelling concrete. Prominent manufacturers of the automotive, electronics, aerospace and defense, and personal care products are shifting their production base from developed nations to emerging economies, due to the flexible environmental laws, favorable industrial laws, and abundant availability of raw materials and cheap labor in those countries. Moreover, the presence of a vast consumer base in such countries is also facilitating the construction of manufacturing facilities there.

The type segment of the self-levelling concrete market is bifurcated into toppings and underlayment. Under this segment, the underlayment category accounted for the larger market share in 2017, as underlayment self-levelling concrete helps in minimizing imperfections and irregularities. These are extensively used in the levelling of concrete subfloors in the interiors of commercial and residential structures. Thus, the increasing construction of residential and commercial buildings to accommodate the booming population will augment the growth of this category.

At present, the requirement for self-levelling concrete in the commercial and residential sectors is being met by Arkema Group, LafargeHolcim Group, CTS Cement Manufacturing Corporation, Saint-Gobain S.A., ACG Materials, Duraamen Engineered Products Inc., Durabond Products Ltd., Durex Covering Inc., The QUIKRETE Companies, and ARDEX Group. These companies are consistently focusing on research and development (R&D) activities to develop innovative concrete and flooring materials. In comparison to the traditional concrete materials, self-levelling compounds consume lesser water, have higher tensile strength, are more durable, and do not require experts for handling. 

According to P&S Intelligence, the Asia-Pacific self-levelling concrete market is expected to demonstrate the fastest growth during the forecast period, owing to the increasing construction activities in China and India. The expanding construction sector in these nations can be attributed to the surging number of infrastructure development projects and mounting investments being made in the sector. For instance, the Indian government allocated INR 111 lakh crore ($1.4 trillion) under the National Infrastructure Pipeline (NIP) for the financial year 2019–2025. 

Therefore, the rising construction activities and escalating industrialization rate in emerging economies are expected to enhance the consumption of self-levelling concrete.

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Which Chemicals Are Rising in Demand due to Waste Disposal Regulations?

The federal government of the U.S. has enacted the Clean Water Act (CWA) to prohibit the discharge of any pollutant into navigable water unless permission is obtained under the National Pollutant Discharge Elimination System (NPDES) permit program of the U.S. Environmental Protection Agency (EPA). As per this regulation, industrial facilities, municipalities, residential units, and commercial structures must obtain clearance before discharging waste into surface waters directly. Stringent government regulations such as this are encouraging the usage of water treatment chemicals across the world.

Moreover, the increasing desalination activities in countries with limited freshwater reserves are expected to drive the water treatment chemicals market at a CAGR of 5.2% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $48,938.1 million in 2019, and it will generate $85,341.8 million revenue by 2030. Water-starved countries, such as the U.A.E., Saudi Arabia, Qatar, and African nations, are generating an enormous demand for high-quality freshwater due to the rapid surge in their population.

The type segment of the water treatment chemicals market is classified into oxidants, corrosion inhibitors, oxygen scavengers, chelating agents, scale inhibitors, anti-foaming agents, coagulants and flocculants, pH adjusters and stabilizers, biocides and disinfectants, and others, such as resin cleaners and algaecides. Under this segment, the coagulants and flocculants category is expected to witness the fastest growth during the forecast period due to the large-scale consumption of these chemicals in the water purification, sludge thickening, solids removal, lime softening, and solids dewatering processes.

Geographically, the Asia-Pacific water treatment chemicals market generated the highest revenue in 2019, and it is likely to continue on this path throughout the forecast period. This can be attributed to the expanding industrial base and escalating demand for clean water on account of the improving living standards of people. Additionally, the APAC market will showcase the fastest growth during the forecast period due to the rising public awareness regarding the vitality of treated water, rising number of government regulations on water treatment, and growing prevalence of waterborne diseases.

Thus, the toughening government legislations on water treatment and soaring public awareness regarding waterborne diseases will fuel the consumption of chemicals that can make this precious resource fit for human consumption again and again.

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