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Manish

2020-12-10T07:30:26.553Z

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

2020-12-04T07:42:40.883Z

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.

Besides the aforementioned factor, the surging urban population, the growing public awareness of health and nutrition, the emergence of busier lifestyles, and the flourishing tourism sector in various countries are also fueling the booming popularity of packaged healthy foods, which is, in turn, driving the sales of packaging adhesives across the globe. Apart from this, the increasing popularity of e-commerce, on account of the surging penetration of the internet, is also propelling the demand for these adhesives around the world.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/packaging-adhesives-market/report-sample

The rising usage of low-tack adhesives (LTAs) for various reclosable applications is creating lucrative growth opportunities for the players operating in the packaging adhesives industry. Due to their high-adhesion ability in various reclosable applications, these adhesives provide better usability and a highly cost-competitive option to the product manufacturing organizations for multiple packaging applications. Additionally, the goods with LTAs do not need accurate alignment for reclosing a packaging, unlike the conventionally used zipper seals.

Due to the above-mentioned factors, the sales of packaging adhesives are mushrooming all over the world. This is, in turn, propelling the growth of the global packaging adhesives market. As a result, the valuation of the market is predicted to rise from $10,426.9 million in 2019 to $17,137.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 4.6% between 2020 and 2030. Based on formulation, the market is classified into water-based, solid-based, and solvent-based.

Out of these, the water-based category recorded the highest growth in the market in the past years. This is because the water-based packaging adhesives are highly eco-friendly in nature and do not consist of toxic volatile organic compounds (VOCs), unlike the more widely used solvent-based adhesives, which are extremely hazardous for the human health as well as the environment. Geographically, the packaging adhesives market would boom in the Far East region in the upcoming years.

According to P&S Intelligence, a market research firm based in India, the key factors driving the sales of packaging adhesives in the region are the rapid expansion of the consumer goods manufacturing sector and the growth of the e-commerce industry in South Korea, Japan, and China. As packaging adhesives are used heavily in the e-commerce industry for labeling, which is required for product tracing, the expansion of the e-commerce industry is positively impacting the packaging adhesives market growth.

Thus, it can be said with certainty that the demand for packaging adhesives would shoot-up across the world in the upcoming years, mainly because of their rising requirement in the food and beverages and e-commerce industries for various applications.

What Will Drive Bromine Market Growth during 2020–2030?

2020-12-04T06:43:03.326Z

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.

The rising application of clear brine fluids during the extraction of oil and gas is the prime factor driving the bromine market growth. Due to the ability of clear brine fluids to reduce the pressure and bottom hole temperature in the wellbores, they are widely used in drilling activities. Brine fluids are used along with several soluble salts, in a specific concentration based on their clarity, pressure/temperature freeze points, and densities. Clear brines are preferred over other drilling fluids because of the former’s fast shale penetration rates, improved wellbore stability in the salt, and reduced fine-hole gauge, fill, and formation damage.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/bromine-market/report-sample

The segments of the bromine market include region, derivative, and application. The application segment is categorized into clear brine fluids, pharmaceuticals, flame retardants, water treatment, and others. Among these, the flame retardants category accounted for the largest share in 2019 because of the widespread application of bromine and its compounds in fire extinguishers and retardants. The compounds used in fire retardants and extinguishers include vinyl bromide, allyl bromide, ammonium bromide, and ethyl bromide. The presence of these compounds in the products makes them less flammable.

Moreover, the adoption of bromine-based storage technology for grids will create major opportunities for the players operating in the bromine market. The demand for such energy storage technologies is rising because of an increase in the production of renewable power. Due to continuous research and development (R&D), this technology has emerged as an efficient and cost-effective solution for storing clean energy. The technology is being widely adopted in grids because batteries using it do not require an alteration in their electroactive materials for recharging.

The Asia-Pacific (APAC) bromine market is expected to account for the largest share during the forecast period. This can be attributed to the addition in the urban population and growth in the disposable income in India, Thailand, Japan, South Korea, and China. Due to these factors, these countries are generating a huge demand for bromine-based flame retardants for the production of electronics and plastic goods. Moreover, large reserves of elemental bromine in China, along with the cheap labor and large consumer base, are leading to the establishment of bromine and derivative manufacturing plants in the region.

The increasing usage of bromine and its compounds in multiple industries will thus boost the market growth during the forecast period.

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

2020-12-03T09:23:05.636Z

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.

The escalating requirement for paints and coatings is pushing up the sales of titanium dioxide. This is because this compound is an integral component of various paints and coatings pigments. Besides this factor, the growing deployment of lightweight vehicles, on account of the rising concerns being raised over automotive emissions, fuel efficiency, and carbon footprints, is also fueling the titanium dioxide market boom. This compound is extensively used in the coatings, which are applied on several polycarbonate structures.

These structures are heavily used in lightweight automobile manufacturing. Titanium dioxide-based coatings are applied on the polycarbonate structures for impacting stability, durability, and scratch resistance to them. Apart from these factors, the low haze and price and the ability of the material to easily blend with various solvents such as water, alcohol, and oil, which is very advantageous for the paints and coatings industry, are also fueling the surging sales of the material.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/titanium-dioxide-market/report-sample

This is subsequently causing the boom of the global titanium dioxide market. As a result, the industry valuation is predicted to grow from $15,020.1 million to $24,026.1 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 4.5% between 2020 and 2030. Depending on process, the market is bifurcated into chloride and sulphate. Between the two, the sulphate category recorded higher growth in the market in the past years.

This is because the sulphate process allows the extraction of the compound from all ores— rutile, titania slag, and ilmenite, unlike the chloride process, which only allows the extraction of the compound from rutile ores. Additionally, the sulphate process uses mature and simpler technology for the extraction. Moreover, the equipment and devices used during sulphate-based extraction processes are highly resistant to corrosion and easy to use. Because of these reasons, the sulphate category will register higher growth in the future.

Geographically, the titanium dioxide market is currently recording the highest growth in the Asia-Pacific (APAC) region, as per the findings of P&S Intelligence, a market research company based in India. This is credited to the rapid setting up of various production plants and facilities and the presence of a flourishing construction industry, on account of the increasing migration of people to cities and towns and the surging population, in the regional countries.

Hence, it is safe to say that the demand for titanium dioxide would explode all around the world in the coming years, mainly because of the growing requirement for the compound in the paints and coatings and automobile industries.

Why Is Genset Market Growth Owed to Developing Countries?

2020-12-03T08:22:50.118Z

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.

The increasing number of people on this planet and the inability of national grids to cater to them have been cited by P&S Intelligence as the key reasons for the genset market growth. In 2019, providers of such power generation systems made a combined $17,592.6 million, which is expected to increase at a 5.8% CAGR between 2020 and 2030 (forecast period), to reach $27,863.0 million in 2030. In the absence or unreliability of grid connectivity, generators have for long been the ideal solution to producing electricity.

The internal combustion engines (ICE) of generator sets are majorly fueled by gasoline (known as petrol in Commonwealth countries), natural gas, and diesel. Among these, diesel has been the choice of fuel for gensets, as it is easily available around the world. Though gas-fueled generators, especially those rated for lower power, are more cost-effective than low-power diesel variants, natural gas isn’t that easily available, which has discouraged customers to purchase natural gas generator sets.

Under the power rating segment, the genset market is categorized into 5 kilovolt-Ampere (kVA)–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, and above 750 kVA. Among these, the 76 kVA–375 kVA category held the largest value share in 2019 on account of the high installation rate of these gensets at offices, small factories, hotels, and telecom towers. Till 2030, the 375 kVA–750 kVA category will grow the fastest due to the rising requirement for high-power-rating systems at superstores, large office complexes, and residential complexes in urban areas.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/genset-market/report-sample

Around the world, the number of data centers is increasing with the growing adoption of cloud computing and smartphones. Data centers allow companies to store their applications and data on somebody else’s servers, thus leading to reduced operational costs for companies. The systems used at data centers, including servers, backup controls, security systems, and heating, ventilation, and air conditioning (HVAC) systems, cannot tolerate power cuts and voltage spikes, which is why gensets are important for a consistent electricity supply.

Another factor driving the installation of gensets is the expanding construction industry. Residential, commercial, and industrial infrastructure development is picking up to cater to the booming population. Construction sites are mostly not connected to the grid, but require electricity to power machinery and tools, which requires generators. Similarly, after the commercial complexes, housing units, factories, and other infrastructure is commissioned, generators are important to keep them functional in the event of power outages.

Asia-Pacific (APAC) generated the highest revenue in the genset marketduring the historical period (2014–2019), as its manufacturing sector is prospering owing to government support, which is leading to the construction of factories. Similarly, the government of China, India, and Japan are adding telecommunication towers for smoother and wider connectivity; telecom towers are an important end user of generators. The highest CAGR during the forecast period will be witnessed in the Middle East and Africa, due to the swift industrialization and urbanization in Saudi Arabia, the U.A.E., Turkey, and Egypt.

Therefore, as the increasing population propels the demand for electricity, which is not being adequately provided by the grid in numerous countries, the installation rate of generator sets will continue to surge.

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

2020-12-02T09:34:59.166Z

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.

The rising urbanization and industrialization is one of the biggest factors fueling the expansion of the autoclaved aerated concrete (AAC) market across the world. This is because the increasing construction activities are pushing up the requirement for AAC blocks. The excellent beneficial traits of autoclaved aerated concrete such as their ability to sustain fire and earthquake, their low costs, and their availability in various sizes are adding wings to their popularity, especially in the construction sector.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/autoclaved-aerated-concrete-market/report-sample

Additionally, the usage of AAC blocks reduces the construction time by as much as 20%. Furthermore, various emerging economies are increasingly focusing on developing road connectivity, residential housing, and highways. This is positively impacting the sales of autoclaved aerated concrete blocks across the world. Besides these factors, the growing focus on sound-proof and green buildings is also propelling the growth of the market. This is because the AAC blocks have excellent sound absorption qualities, on account of their porous structure.

Based on application, the autoclaved aerated concrete market is categorized into road sub-base, bridge sub-structure, construction material, roof insulation, concrete pipe, and void filling. Out of these, the highest market growth was exhibited by the construction material category in the years gone by. Moreover, this trend is predicted to continue in the forthcoming years as well. This is credited to the growing requirement for the material in the infrastructure sector, especially in the construction of building and non-building edifices.

Globally, the autoclaved aerated concrete market is predicted to register lucrative growth in the Asia-Pacific (APAC) region in the upcoming years. This would be because of the high requirement for AAC blocks in the construction sector of regional countries such as India, Japan, and China. Furthermore, the increasing construction activities in the region, on account of the ballooning demand for hospitals, houses, and schools, are causing a steep rise in the sales of AAC blocks.

Additionally, the soaring urbanization is also boosting the advancement of the market in the region. Apart from these factors, the One Belt One Road Initiative of China is also predicted to propel the growth of the market in the region. With this initiative, China intends to build extensive railways, roadways, transportation hubs, and ports and emerge as the biggest trading hub in the world. These large-scale infrastructural development projects are massively boosting the demand for AAC blocks in the region.

Hence, it is safe to say from the above paragraphs that the market would exhibit huge expansion across the world in the upcoming years, mainly because of the surging infrastructural development and construction activities being launched around the world.

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

2020-12-01T07:38:27.566Z

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.

Among all these, the water-based division is projected to register the fastest growth during the forecast period, because of the beneficial properties of these medical adhesives, such as good breathability, provision of quick-tackiness, and good anchorage to cloth face stocks. In addition to this, factors such as high resistance to moisture and water and sustainability are projected to result in the high adoption of these medical adhesives in the years to come.

Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/medical-adhesives-market-report/report-sample

Geographically, the medical adhesives market was dominated by North America during the historical period (2014–2019), on account of the high purchasing power, increasing product demand, and opportunity for advancement in the healthcare industry. Within the region, the U.S. held the major share of the market, due to technological advancements, increasing government support regarding free or insured healthcare policies, and increased per capita income. The Asia-Pacific region is projected to grow at the fastest pace during the forecast period.

The increasing demand for bio-adhesives in the medical sector is a key trend being witnessed in the medical adhesives market. The consumption of bio-adhesives is majorly growing for internal medical treatment, implants, and wound healing in the healthcare industry. Bio-adhesives are glue that are formed from biological monomers synthetically and are designed for adhering to biological tissues. Skin adhesives are majorly being used in the healthcare industry to replace stiches that are conventionally used for closing wounds.

Hence, the market is growing due to the rising adoption of disposable medical products and increasing consumption of bio-adhesives.

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

2020-12-01T06:34:33.940Z

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.

The surging population and the reducing availability of land are the other major factors propelling the advancement of thefloating solar panels market. Furthermore, the usage of ground-based solar power plants that require large land areas for generating huge amounts of power is causing a sharp reduction in the availability of land for other purposes. This is boosting the demand for floating solar panels as these panels don’t need land for functioning.

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Furthermore, various countries such as India, Brazil, Australia, France, the U.K., the U.S., and Japan are rapidly implementing initiatives for developing floating solar panels. For example, India announced in 2018 that it intends to develop 10 GW capacity floating solar panels in the coming years. This initiative would massively boost the expansion of the market in the country in the future. Depending on type, the floating solar panels market is divided into solar and stationary tracking panels.

Globally, the floating solar panels market would demonstrate the highest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This would be a result of the huge potential of the industry in various developing nations such as China, Indonesia, Vietnam, and India. In these countries, many plant development organizations are predicted to make huge investments in the future years.

Thus, it is quite clear that the market would boom all over the world in the coming years, mainly because of the rising popularity of solar energy and the reducing availability of large land areas in several countries.

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

2020-11-30T04:32:40.147Z

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.

Backed by technological advancements, smart coatings have begun trending among end users. These coatings can transform according to external environmental stimuli like electric field or heat. Despite their high prices, customers are willing to adopt smart coatings due to their ability to self-stratify, self-clean, and self-heal. Because of their premium prices, smart coatings are mostly procured by the automobile, aerospace, military, and healthcare sectors, which generate high revenue on a consistent basis.

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In the years to come, production units will use the varied painting and coating materials in a high volume. Owing to the rising demand for vehicles and consumer products, there has been significant growth in the packaging and automotive industries. The number of manufacturing plants of vehicles and packaging materials is increasing in emerging economies. With the growing packaging and automotive sectors, the demand for paints and coatings will certainly rise in the foreseeable future.

The Asia-Pacific (APAC) paints and coatings market generated the maximum revenue in 2019. The presence of several manufacturers in India, Japan, China, and South Korea is the prime factor behind the dominating market size. Paint and coating consumption has increased in the region because of a surge in the spending power of people, owing to a rise in their disposable income. Moreover, the regional market is projected to retain its dominance during the forecast period, by demonstrating the highest growth rate. This will be driven by the boom in the population and shift of production units to the region from the West.

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

2020-11-27T05:46:37.633Z

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.

Driven by the strict government norms, growing concerns for waterborne diseases, and increasing desalination activities worldwide, the water treatment chemicals market will advance at a CAGR of 5.2% during the forecast period of 2020–2030. The market was valued at $48,938.1 million in 2019, and it is projected to generate revenue of $85,341.8 million in 2030. To enhance the efficiency of the water treatment process, investments in research and development (R&D) for chemical-based water treatment technologies have increased significantly.

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Additionally, the increasing need for the seawater desalination process will contribute to the water treatment chemicals market growth. Saudi Arabia, Qatar, the U.A.E., and sub-African countries are adopting the process of desalination at a rapid pace to convert brackish or seawater into freshwater or potable water. Because of the limited number of freshwater sources, the aforementioned countries are likely to demonstrate a high demand for the enabling chemicals. This demand will primarily be driven by the increase in the requirement for freshwater owing to the rising population.

Because of the high-volume discharge of effluents from industries in APAC countries, freshwater sources are becoming scarce. To curtail this phenomenon, governments in this region are imposing stringent norms on industries, power plants, construction companies, and oil and gas refineries. Government initiatives, along with the increasing consciousness and need to preserve freshwater, will lead to growth in the consumption of water treatment chemicals in the APAC region in the future.

Thus, the rise in the demand for safe and clean water will lead to an increase in the requirement for water treatment chemicals around the world.

[K1]Always use comma when separating the cause and effect.