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@manishkbaghel
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Manish

manish

Demand for Packaging Adhesives Set to Skyrocket in Far East in Future

With the expansion of the food and beverages industry, the demand for packaging adhesives is soaring all over the world. This is mainly because of the growing requirement for maintaining the shelf life or the freshness of the packaged food items, due to the increasing public awareness of health and wellness. According to All4Pack Paris, food packaging generated a revenue of $273.9 billion in 2017 and is predicted to rise to $356.7 billion revenue by 2023.

What Will Drive Bromine Market Growth during 2020–2030?

The increasing adoption of eco-friendly polymeric flame retardants, high-volume application of clear brine fluids for oil and gas drilling activities, and adoption of bromine compounds to decrease mercury emissions will drive the bromine market advance at a CAGR of 5.7% during the forecast period of 2020–2030. At this rate, the market size is expected to increase notably from $1,864.3 million in 2019. To cater to the rising product demand from the oil and gas sector, bromine producers are expanding their manufacturing capacity exponentially.

What are Key Factors Driving Titanium Dioxide Demand in Asia-Pacific?

The rapid expansion of the paints and coatings industry is one of the biggest factors responsible for the ballooning demand for titanium dioxide across the world. As per the observations of the World Paint & Coatings Industry Association, in 2019, the total value of the worldwide paint and coatings sales was $172.8 billion. This was mainly because of the high construction expenditure, thriving automotive industry, the presence of a large urban population, and better economic conditions in various countries.

Why Is Genset Market Growth Owed to Developing Countries?

From 7.7 billion in 2019, the worldwide population will reach 10.9 billion by 2100, as per the United Nations World Population Prospects 2019 report. This is leading to the rising demand for all kinds of infrastructure, which, in turn, is resulting in the surging requirement for electricity. Sadly, most of the developing countries and even a few developed ones are not equipped to provide the adequate amount of power for the booming population via the grid.

Global Autoclaved Aerated Concrete (AAC) Market Set to Surpass $8,000.0 Million Value by 2030

The global autoclaved aerated concrete (AAC) market generated a revenue of $4,498.5 million in 2019 and is predicted to demonstrate a CAGR of 6.0% during 2020—2030. According to the forecast of the market research company, P&S Intelligence, the market would reach a value of $8,314.9 million by 2030. The market is being driven by the soaring investments being made in the construction sector and the rising number of construction projects being launched in the emerging economies around the world.

Why is Need for Disposable Medical Products Driving Medical Adhesives Market?

The medical adhesives market is projected to attain a value of $16,367.2 million by 2030, increasing from $8,714.9 million in 2019, progressing at a 2.3% CAGR during the forecast period (2020–2030), according to a report by P&S Intelligence. The market is registering growth due to the increasing healthcare expenditure by emerging countries, enhancing per capita income, rapidly growing population, and rising products and equipment manufacturing base. On the basis of technology, the market is divided into hot melt & other solids, solvent-based, and water-based.

Global Floating Solar Panels Market Predicted to Generate Over $2,000.0 Million Revenue by 2026

The global floating solar panels market attained a value of $685.2 million in 2019 and is predicted to generate a revenue of $2,301.8 million by 2026. The rising concerns being raised in several countries over the utilization of fossil fuels for producing power and the rapidly increasing demand for energy are the main factors driving the progress of the market. Additionally, the soaring investments being made by various organizations in research and development (R&D) are fueling the market growth.

Why Is Consumption for Paints and Coatings Increasing in Industrial Sector?

Paint and coating products are consumed in high volumes by commercial, residential, and industrial end-users. The construction of houses and commercial units has significantly increased due to the booming population. Paints and coatings are primarily used for protecting and enhancing the aesthetic value of the infrastructure. Additionally, these materials are important in the automobile, packaging, furniture, marine, military, healthcare, and aerospace industries. The increasing demand for the end products will drive the paints and coatings market from $156,086.2 million in 2019 to $227,834.0 million by 2030, at a CAGR of 4.2% during 2020–2030.

Why Water Treatment Chemical Sales Are Burgeoning in Asia-Pacific (APAC) Region?

Water pollution is increasing tremendously because of the high-volume discharge of untreated water from households, industrial units, commercial spaces, and power plants. Freshwater sources have become unfit for human consumption because of the large-scale discharge of toxic chemicals in these sources. To meet the demands for clean and safe water, the treatment of wastewater has become quintessential. Water treatment plants are emerging at a fast pace to prevent the spread of waterborne diseases, especially in developing countries.