Paints and coatings play an important role in decorating any house, office, restaurant, hotel, or automobile. These also provide texture in addition to corrosion and abrasion resistance to the substrate. Further, these enhance the durability and adhesive properties of the material on which they are applied. The paints and coatings market is huge, and thus, for the proper understanding of its growth, it is segmented by resin type, formulation, application, and region.

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Talking about the resin type, the paints, and coatings market is divided into epoxy, acrylic, polyester, polyurethane, and others (nitrocellulose lacquer, nylon, and polycarbonates). Out of these, the sales volume of polyurethane are projected to have the fastest CAGR (5.9%) in the market during the forecast period. The reason for this is that it offers beauty and strength to buildings and other structures; therefore, it is a preferred choice for a majority of commercial and residential interior projects.

The construction sector is expanding rapidly in countries, such as China, India, the U.S., and the U.K., on account of the rise in population and export of construction material. This is resulting in large-scale investments for the construction of hotels, retail centers, apartments, offices, and civic infrastructure. An example of investments in civic infrastructure would be the initiation of the Infrastructure and Capital Investment Plan 2016–2021.

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Asia-Pacific (APAC) is anticipated to be the fastest growing market or coatings and paints during the forecast period with a sales volume and value CAGR of 7.2% and 8.3%, respectively. In this region, stringent air pollution regulations are expected to drive the adoption of eco-friendly coating resins and formulations. In addition, the growing construction industry due to increasing government and private spending is projected to accelerate the paints and coatings market growth.

Therefore, it is not just due to aesthetic reasons that paints and coatings are being increasingly sold, but also because of the numerous advantages associated with these.

Easily found in homes, adhesive tapes are one of the most common pieces of stationery around; however, their use goes far beyond people’s homes. Adhesive tapes can be categorized into two types: commodity and specialty. During the historical period 2013–2017, the revenue from commodity tapes, which are those that we mostly see around us and are used for general packaging purposes, was higher. While this category will still lead the adhesive tapes market during the forecast period, the CAGR of specialty tapes (6.8%) is expected to be higher, as these tapes are being rapidly adopted for industrial purposes.

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This can be attributed to the growth of the automotive industry across the globe. Several varieties of specialty tapes, such as foam tapes, protection tapes, and double-sided tapes, are used in automobiles. Furthermore, the demand for lightweight vehicles is rising, and since screws, nuts, and bolts increase the vehicle weight, manufacturers are replacing these fasteners with adhesive tapes.

In addition, the healthcare industry is doing its bit to advance the market growth. Adhesive tapes are heavily used during surgeries to cover incisions and wounds, as these tightly attach to the skin and dressing material. It is being predicted that with the increasing number of medical procedures, growing demand for medical supplies, advancements in technology, and heavy investments in the field, the sales of adhesive tapes will rise.

Of all industries, the packaging industry has played the most significant role in the market progress. The fact has been substantiated by the P&S Intelligence study, which clearly shows that the packaging industry led the adhesive tapes market during the historical period with over 50.0% revenue share. Countries, such as India, Indonesia, and China, have witnessed rapid economic development, which has resulted in higher per capita income. This, in turn, has led to a rise in the living standards and change in lifestyle, which has resulted in an increased demand for packaging solutions.

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The rising demand for adhesive tapes can also be attributed to the several advantages these offer over traditional bonding alternatives. Adhesive tapes provide better durability and strength when used for shielding and sealing applications. Talking about the specific types of tapes in terms of technology, water-based variants had been the favorite in 2017, accounting for more than 40.0% of the total sales that year.

Thus, it becomes clear that the continual consumer shift from traditional bonding and fastening methods and the rapid growth witnessed in the industrial landscape are supporting the growth of the adhesive tapes market across the globe.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Xylene is a colorless, volatile hydrocarbon produced from wood, petroleum, and coal. M-xylene or meta-xylene is one of the three isomers of xylene or dimethylbenzene along with para-xylene and ortho-xylene. It is an aromatic hydrocarbon with two methyl (CH3) groups that are attached at the meta positions of a benzene ring. M-xylene is widely used in the manufacture of isophthalic acid. Some other names of the compound are 1,3-xylene, m-xylol, 1,3-dimethylbenzene, and m-dimethylbenzene.

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On the basis of application, the

m-xylene market

is classified into solvent, isophthalic acid production, 2,4-xylidine and 2,6-xylidine production, and others. The “other” classification includes the use of m-xylol in chemical syntheses, 2,4-dimethylbenzophenone production

,

and as a component in dyes and resins. Among all, isophthalic acid production contributed more than 80.0% revenue to the m-xylol market in 2017.

Isophthalic acid is an organic compound used in the manufacture of several products, such as unsaturated polyester resins, inks, alkyd resins, and reinforced plastics. Now, plastics are required for product packaging, and construction activities. As per GRID-Arendal, a United Nations-affiliated enterprise, the world produced around 400.0 million tons of plastics in 2017. With the increase in the production of plastics, the demand for isophthalic acid rises. Since m-xylol is a key raw material for isophthalic acid, the m-xylene market will grow with the increasing plastic production.

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On a global ground, Asia-Pacific (APAC) is the fastest-growing market for m- xylol. The m-xylene market in APAC is estimated to advance with a CAGR of 4.7% during the forecast period, owing to an increase in the consumption of m-xylol in the packaging, automotive, and aerospace industries. Furthermore, the growing construction industry of South Korea and China is raising the requirement for new coating resins and formulations. Due to the heavy use of m-xylol as a solvent in paints and coatings, the rising demand for these formulations is expected to continue escalating the market growth in the region.

Thus, we see that as m-xylene is a widely-used component in the production of paints and coating and a key raw material for isophthalic acid manufacture, the increase in the manufacture of these products will drive the growth of the m-xylene market.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Lead-acid battery is a rechargeable cell, which converts chemical energy into electric power. It consists of plates of lead and lead oxide that are immersed in a sulfuric acid solution. Because of the presence of the oxide component, the lead plates get oxidized, generating electric current during the discharge cycle. These batteries have diverse uses, such as in domestic inverters, motorcycles, sailboats and even off-grid power systems.

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the lead-acid battery market is divided into valve regulated lead–acid (VRLA) and flooded. In the historical period 2013–2017, the flooded lead-acid battery held the larger share in the market, recording more than 51.0% unit sales. The reason for this was its cost-effectiveness for entry-level start-stop vehicles over its VRLA counterpart. Increasing application of flooded lead-acid batteries in marine applications is expected to further increase its sales volume in the coming years.

Lead–acid batteries are quite cost-effective and easily rechargeable power devices, hence, play an important role in backup power generation in developing nations, such as India, Mexico, Indonesia, South Korea, Thailand, and Vietnam. Moreover, healthcare, chemicals, manufacturing, and oil and gas industries need an uninterrupted electricity supply to attain proper functioning of plants and machinery. The growing use of UPS in these sectors, coupled with regulatory support and private investments, is predicted to drive thelead-acid battery marketduring the forecast period.

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mechanical process held the largest share in the solar panel recycling market during the historical period and is estimated to contribute more than 55.0% share to the market in 2017. This can be attributed to the fact that the process is highly efficient and environmentally safe. thin-film PV recycling is expected to be the fastest-growing category in the solar panel recycling market, with a CAGR of 29.7% in value terms. The advantageous properties of thin-film solar panels, such as flexibility, light weight, and temperature resistance, are expected to drive their recycling market in the coming years.

Solar power is a renewable, clean, noiseless, and freely available source of energy. In spite of the extensive costs associated with the R&D of solar energy systems, solar panel manufacturers have successfully managed to reduce design and overhead costs over the years. This drop in the solar energy prices can be attributed to the reduction in the hardware cost and increased focus on the minimization of pre- and post-construction expenses.

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Growing energy crisis, high rate of carbon emissions, and increasing concerns for environmental protection have stimulated the need for sustainable power generation, globally. The growing number of pacts and initiatives related to the implementation of solar energy projects, across the world, is the main factor supporting the increased installation of solar panels or PV modules, which, in turn, is driving the solar panel recycling market.

Some of the major players operating in the global solar panel recycling market are Silcontel Ltd., Rinovasol Group, Reiling GmbH & Co. KG, ENVARIS GmbH, ECS Refining LLC, Reclaim PV Recycling Pty. Ltd., Silrec Corporation, Canadian Solar Inc., Yingli Green Energy Holding Company Limited, and First Solar Inc.

Source : P&S Intelligence

the dye-sensitized solar cells market is categorized into portable charging, BIPVs, BAPVs, embedded electronics, outdoor advertising, solar chargers, wireless keyboards, emergency power in military, automotive-integrated photovoltaics (AIPVs), and others (light intensity meters and consumer appliances). In 2017, BIPVs accounted for the largest share in terms of value, constituting a market share of more than 20.0% in the global market.

Globally, the APAC dye-sensitized solar cells market is expected to witness the fastest growth, constituting a CAGR of 14.0%, in terms of value, during the forecast period. The increasing regulatory pressure is expected to endorse regional economies such as China, India, Thailand, and Vietnam to augment their energy generation via renewable sources such as solar energy. As a result, the region is expected to witness major capacity additions of photovoltaic (PV) modules for generation of electricity.

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The dye-sensitized solar cells market in China is expected to witness the fastest growth, globally. The market is expected to witness a CAGR of 16.1% in terms of value during the forecast period. The country is a major construction hub and is expected to witness large-scale construction of smart buildings. Additionally, the country has been a pioneer in innovation for dye-sensitized solar cells and has high adoption of PV modules.

Some of the major players operating in the global dye-sensitized solar cells market are 3GSolar Photovoltaics Ltd., Greatcell Solar Ltd., Fujikura Europe Ltd., Exeger Operations AB, Konica Minolta Inc., Merck KGaA, Peccell Technologies Inc., Solaronix SA, G24 Power Ltd., and H.Glass. Companies such as Fujikura Europe Ltd., Exeger Operations AB, Konica Minolta Inc., and Merck KGaA are some of the multinational corporations which operate in the market. Furthermore, these companies are exploring opportunities for mass commercialization of these cells.

Source : P&S Intelligence

the alpha olefins market is segmented into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, and others. ‘Others’ include 1-Tetradecene, 1-Hexadecene, 1-Octadecene, and C20–C30 linear alpha olefins (LAOs). Some of the applications of C20 - C30 LAOs are alkyl aromatics, petroleum additives, surfactants, and oil field chemicals. 1-Hexene has been the largest category, attributed to its increasing use in the production of plastic resin for further use in various industries including food and beverage.

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Globally, North America has been recording the highest revenue in the alpha olefins market. This is attributed to the growing demand of the compound in different industries, including construction, automotive, and plastics. The region is the largest producer and consumer of the compound in the world. High consumption of plastic and increasing production capacity are the major factors driving the growth of the region’s alpha olefins market.

Plasticizers are additives used for improving the plasticity of a material. As of 2017, the consumption of the compound in the production of plasticizers was quite low. Chlorinated C20 – C24 compounds can be used along with primary plasticizers to improve the plasticity of polyvinyl chloride (PVC). By adding alpha olefin-based plasticizers, the flexibility and durability of plastic materials gets increased. Flexible PVC has applications in different industries such as packaging, flow-control equipment, automotive, medical devices, and others, which is expected to create opportunities for the alpha olefins market growth.

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In addition, PVC exhibits some unique properties such as good mechanical strength, light weight, abrasion-resistance, and toughness. Owing to these unique properties, the application of PVC is growing across construction, consumer goods, and electronics industry. This upward demand trend for PVC materials is expected to continue during the forecast period owing to expanding applications of PVC and its low cost competitive advantage.

Some of the major players operating in the global alpha olefins market are Royal Dutch Shell Plc, Chevron Phillips Chemical Company LLC, INEOS Group Holding S.A., Evonik Industries AG, Saudi Basic Industries Corporation, ExxonMobil Corporation, Qatar Chemical Company Ltd., PJSC Nizhnekamskneftekhim, Sasol Limited, and Idemitsu Kosan Co. Ltd.

Source : P&S Intelligence