Polyurethane
3 application-oriented trends impacting spray adhesives market size over 2019-2025
Growing application across the construction and transportation industries is driving spray adhesives market size. The key benefit of spray adhesives is the convenience of application which speeds up the jobs and thereby improves the overall efficiency. Each type of spray adhesive has its own set of distinct characteristics which ensures high quality despite the task variations.The increasing demand from the furniture industry owing to the property of spray adhesives to bind a wide number of substrates will also propel market demand. Spray adhesives market outlook is currently driven by a number of significant trends, mainly pertaining to the robust application landscape that this industry boasts of.Robust urbanization trends to augment spray adhesives market size from construction sector:
The rapid growth of construction industry is attributed to the improving standard of living and increased migrations from rural to urban areas. As the construction industry continues to expand, innovative technologies like heavy duty construction adhesives will come into play. Spray adhesives find several applications across the construction industry across insulation, flooring, walls, roofs, doors & windows, etc.
High strength spray adhesives can hold extreme temperatures and are used to replace nails and machinal fasteners spray which simplify the workflow with very little or no training required for the laborers. Newly developed spray adhesives not only improve the sustainability of the construction products but also optimize the processes by the faster curing times.
For instance, Sika has come up with a new innovative spray-applied insulation adhesive which reduces the installation times by up to 20 per cent. The high foaming adhesive is suitable for both refurbishment and new build projects which strongly binds the insulation boards and the substrate, within a very less time enabling rapid project completion.
In this context, it is also pivotal to mention that the Asia Pacific region is expected to hold a substantial proportion of the market share due to rapid urbanization and industrial development. The growing construction activities across countries including China and India will also positively impact market growth.
Expansion of transportation sector to add impetus to spray adhesives industry outlook:
Considerable growth in global transportation sector will be a primary driver for spray adhesives industry size expansion. The transportation industry serves as the backbone for a country’s economy – seamless transportation functioning can be credited majorly for a nation’s rising economic growth. accounts for a majority of the transportation systems. For instance, the U.S transportation industry represents over 8% GDP in the country’s economy.
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Spray adhesives are majorly used for various manufacturing and maintenance activities of aircrafts, automobiles, rails, etc. Their characteristics like durable bond strength which resists vibrations and provides chemical & thermal resistance will foster the product demand. Automotive adhesives are now widely used for replacing the conventional methods of joining parts, such as welding, riveting, or screwing, which speeds up the assembly line.
Besides the curing time, the bond strength is a central constraint for any robust adhesive. The ongoing R&Ds in line with the technological advancements in adhesive science will lead to the manufacturing of enhanced adhesive products in the years to come.
For instance, Delo, a manufacturer of industrial adhesives just broke the world record for the heaviest lift using an adhesive material. A crane lifted a 17.5-ton truck on a bonded aluminum cylinder creating world record, beating the previous of 16.3 tons. Such achievements by leading market contenders will augment the spray adhesives industry outlook.
The increase in number of car ownerships due to rise in per capita income is also expected to fuel product demand from the transportation end-user segment. As the transportation infrastructure undergoes a massive overhaul, global spray adhesives market will achieve significant gains in the years ahead.
Rising demand for aesthetic furniture to drive the industry trends over the forecast period:
The booming furniture industry is going through a transition currently owing to changing consumer preferences which creates a necessity of advanced adhesives. Polyurethane spray adhesives are highly preferred for manufacturing diverse furniture products. The improvement in consumer lifestyle has propelled intense demand for modular and attractive furniture which includes wide range of materials such as wood, laminates, iron, leather, and many other upholstery materials.
Appealing furniture designs enhance the aesthetics of an office or a house, and consequently, the rise in sales of commercial and residential properties will in turn fuel demand for new furniture. The furniture sector in UK specially witnessed an annual growth rate of +8% in 2018, which represents a positive future for the industry. According to the Furniture Industry Research Association, total consumer spending on furniture increased by +24% between 2012 and 2016.
Leveraging the widespread application spectrum, spray adhesives market size is driven by the growing product demand across the globe. A sudden surge in the construction and automotive industries will also positively impact the market share. According to a research report by Global Market Insights, Inc., spray adhesives market size is anticipated to exceed USD 9 billion by 2025.
Author Name : Amol Kothekar
Rising adoption in biomedical application to drive shape memory polymer market
Having gathered the attention of several academic and industrial researchers over the past few years, shape memory polymer market is expected to emerge as a prominent investment avenue for global manufacturers. The material holds the potential to bring fundamental transformation to a number of high-revenue industrial sectors. Shape-memory polymers (SMPs) are essentially stimuli-responsive materials that can be molded into other permanent shapes with relative ease, however, when exposed to an external stimulus, are capable of reverting back to their original shape.
A diverse array of SMPs are available in the market that are stimuli-responsive to different external stimulus such as pH, light, moisture, electricity and thermal heat. Today, SMPs find applications in several fields owing to their unique and special properties. Supposedly, SMPs can also be used in fabric materials to facilitate a number of fascinating and enhanced properties like improved aesthetic appeal, enhanced comfort, smart and controlled medicine administration, wound monitoring, intelligent wetting properties and elevated protection against volatile changes in environmental conditions.
U.S. Shape Memory Polymer Market Size, By End-user, 2014 – 2025 (USD Million)
SMP based textiles are commonly used to make SI suits for sailors deployed at sea. These SMP suits are even capable of adapting to temperature fluctuations and maintaining the wearers body temperature at a stable level. Over the forthcoming years, this application could enable shape memory polymer market size to increase substantially from the global textile industry, especially from the continuous increase in ocean travel and exploration activities.
SMPs are gradually finding vital applications in the field of biomedicine, where the material could play a role in innovating technology for future healthcare services, further diversifying the revenue stream for shape memory polymer market. SMPs are already being used to manufacture sutures for use in surgeries that involve stitches inside the patient’s body. Previously patients had to undergo secondary surgery to remove these internal stitches, whereas bio-compatible materials have now rendered the need for another surgical procedure unnecessary.
A large number of surgical clinics and healthcare organizations are using biodegradable SMP-based sutures that gradually dissolve overtime within the body. This effectively eliminates the requirement for a second surgery, giving shape memory polymer industry outlook a strong foothold in the global healthcare sector.
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Aerospace sector is emerging as a promising application segment to raise the global SMP market size due to highly suitable properties of the material that meet the challenging requirements of aircraft and spacecrafts. In fact, NASA Langley Research Center is actively conducting research and development to enhance the adhesive strength between metal alloys and shape memory polymer composites (SMPCs) to develop adaptive wing structures, smart medical devices and intelligent armors.
In 2018, NASA started an initiative that aims to mitigate the issue of acoustic emissions that are produced by jet engines. The aviation industry’s initial solution of increasing the engine’s bypass ratio at the expense of increased engine size has hit its limit. Furthermore, the numerous slats and flaps that are incorporated into the wings to alter its surface area and structure as and when required also contribute substantially to acoustic noise pollution.
To adhere to increasingly tightening noise pollution regulations, the organization has come up with a novel series of SMPCs known as LaRC-SMPC. Given that all airlines are required to adhere to these regulations, the global aviation sector can be expected to account for a considerable shape memory polymer market share.
Europe and North America are projected to become prominent growth contributors of the SMP industry. The presence of several well-established and flourishing aviation as well as automotive companies in the regions would ensure steady and consistent demands over the coming years. Automakers like GM have already made progress in the development of automotive smart memory materials comprised of shape memory alloys and polymers.
Owing to the ability of SMP industry to penetrate into a varied number of business sectors, it is certain that the materials would be witnessing elevated demands from several high-revenue application segments in the coming future. In fact, Global Market Insights, Inc. has predicted that annual revenues for global shape memory polymer market would be surpassing $1.4 billion by 2025.
Author Name : Akshay Kedari
Rising demand from textiles industry to drive decaBDE market share
Growing application in electrical & electronics appliances as well as in the textile industry will drive decabromodiphenyl ether market growth. Decabromodiphenyl ether (decaBDE) is an additive flame retardant that has wide applications in plastics, sealants, textiles, adhesives, coatings and many other products. It is used to protect items like electronic equipment, furniture cushions, upholstery textiles, mattresses, carpet backings, vehicles, aircrafts and building materials from the risk of fire.
U.S. 83% Purity Decabromodiphenyl Ether Market Size, By Material, 2018 & 2025, (Kilo Tons)
In the past, commercial decabromodiphenyl ether (decaBDE) constituted 75%-80% of the global production of PBDEs (Polybrominated diphenyl ethers), while the total production of c-decaBDE over 1970-2005 was recorded around 1.1 million to 1.25 million tons. DecaBDE consumption peaked in the early 2000’s and continues to be used worldwide.
In the building industry, decaBDE is used to develop paper foil laminate, home insulation, hot melt adhesive and architectural foam. In the rubber industry, decaBDE powder is used to manufacture flame retardant rubber conveyor belts that are used in underground coal mines, and to manufacture ventilation bands used as air ducts sealants in mine ventilation systems.
DecaBDE is also found in plastics used in electrical appliances and equipment such as computers, circuit boards, cable insulations and casings. Other uses in the transportation sector include fabrics of automobiles and aircrafts. Driven by a widespread application spectrum, decabromodiphenyl ether industry size may register significant growth over the coming years.
Based on material, decabromodiphenyl ether market is segmented into acrylonitrile-butadiene-styrene (ABS), polyolefins, polyvinylchloride, polyurethane, polypropylene. ABS is often used in automotive and electrical equipment. It exhibits excellent mechanical properties, thus offering good impact strength.
ABS offers good electrical insulating properties, on account of which it finds applications in products like electrical connections, light switches, power points and more. Control housing covers are also made using ABS. Additionally, ABS resins are used in injection molding of parts for medical devices, domestic electrical appliances, and automotive casings. Rising inclination toward the product owing to its superior surface appearance and fire-retardant properties will impel ABS-based decabromodiphenyl ether market share.
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Surging ABS demand in electrical & electronics appliances and in the construction industry will also fuel the overall acrylonitrile butadiene styrene (ABS) market, a marginal impact of which will be felt across decaBDE industry.
Decabromodiphenyl ether market has registered considerable growth from textile industry. DecaBDE is used to treat a wide range of synthetic, blended and natural fibers. It is used in products like upholstery, window blinds, curtains, mattress textiles and more. It may also be used in synthetic latex foam in protective clothing, carpets, upholstery fabric, tents, and interiors fabrics used in cars, trains and aircraft.
DecaBDE is commonly applied using back coating process in the textiles industry. Padding processes and printing processes are also used to apply this flame retardant chemical. Increasing disposable incomes along with changing lifestyles have enhanced consumer spending on household fabrics, which is anticipated to accelerate product demand in the textile industry.
APAC decabromodiphenyl ether industry is growing on account of high-production demand for flame retardant, especially across China and India. Indeed, the demand for flame retardants has increased exponentially in China, mainly as the country produces large volumes of electronic devices for global markets. According to reliable reports, China’s electronics production volume grew from 10% in 2016 to 14.5% in April 2017.
Demand for improved fire retardant and durable plastics for consumer electronics should foster decaBDE demand. Moreover, rapid urbanization has led to increased demand for decaBDE in the residential and commercial building sectors, accelerating the APAC decabromodiphenyl ether market share.
Decabromodiphenyl ether is a flame retardant used to enhance the strength, durability and chemical resistance of numerous end-user products. Increasing application in the automotive, textile and construction industries has accelerated industry growth in recent times. Global Market Insights, Inc., estimates decaBDE market size to exceed USD 430 million by 2025.
Author Name : Mateen Dalal
Waterborne automotive paints and coatings market to amass substantial returns by 2025, industry contenders to tap innovative technologies to retain dominance
U.S. Automotive Paints & Coatings Market, By Vehicle, 2018 & 2025, (USD Million)
PPG Industries, one of the most recognized names in the automotive paints and coatings market, also recently announced that it is working on devising a new technology to coat a car’s touchscreen infotainment systems that would reduce smudges and fingerprints. The new PPG coating is seemingly at par with what the latest smartphones like iPhone X use on their screens to remain smudge free and easy to clean. The difference is that the PPG coating is sprayed over the screen surface or the piano black interior finish of the vehicles rather than a coating film being applied. According to PPG, all major car makers will be using such smudge-resistant coatings in the near future.
On the other hand, Hemmelrath has been making further in-roads into the automotive paints and coatings market with plans to invest in expanding its subsidiaries in the U.S. and China. Hemmelrath produces waterborne primers in the USA and China but only in its own plants. However, the company is looking to be able to manufacture the entire range of products in these important automotive regions besides expanding in to the manufacturing of clearcoats, basecoats and primer-less systems.
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Since 2015 Hemmelrath has been producing its products at the Changchun site in China and has made the necessary preparations in 2018 for a much bigger production facility in north-east of China which is twice the size of Hemmelrath’s main production plant in Klingenberg in Germany. Hemmelrath is also expanding its Duncan, South Carolina production facility with the aim of supplying customers in the NAFTA region. A production facility for primerless systems, basecoats and clearcoats is being built in Duncan besides expansion of laboratories, warehousing space and construction of an in-house application center. The move has been planned to make further expansion possible in parallel with customers’ requirements indicating Hemmelrath’s projection for consolidating its stance in the automotive paints and coatings market.
Robust innovation in coatings technologies is yet another driving factor for the automotive paints and coatings market. Rising awareness about the eco-friendliness of various materials has been a transformative factor for several industries and the automotive paints and coatings market has been no exception. Automobile coatings producers and their suppliers have become increasingly versatile innovators in order to stay competitive in a fast-evolving market. Paints have now transformed from being solvent borne to water borne to low volatile organic compounds (VOC). As market leaders move to waterborne and other solutions, the use of new complex molecules that can make thinner coatings, last longer, and need lower temperature to apply at lesser cost has also become more popular. Besides, waterborne, low VOC coatings have been found to be much more productive as they offer better color reproduction and color consistency.
The automobiles themselves are evolving, moving from being driven by fossil fuels to being powered by electricity, thus leading to a change in their paint and coating requirements. For instance, batteries and motors are the two most critical elements in EVs and the batteries have to be efficient for heat dissipation, cooling, longer battery and motor life. Coatings also play a significant part in ensuring that the batteries are able to insulate heat and withstand corrosion. Also, with the advent of autonomous vehicle, the automotive industry will be in the need of new types of paints and coatings that do not interfere with LIDARs or sensors but protect these sensitive devices just as well.
With paints and coatings industry giants like PPG, BASF, AkzoNobel, Nerolac, Axalta, 3M etc. gearing up to be competitive in an evolving automotive market landscape, the automotive paints and coatings market is expected to surpass $27.5 billion 2025.
Author Name : Paroma Bhattacharya
Polyurethane flexible foam market to gain sizable momentum by 2025, APAC to emerge as a prominent revenue pocket
Highlighting the rapid developments across the global flexible foam market, it would be pivotal to state the mention the Germany-based global leader in flexible foams, Armacell. Apparently, the firm has recently opened its new manufacturing facility in Bahrain. According to news reports, the facility has an annual operational capacity of 60,000-cu m of technical insulation foam, in turn providing a wide range of insulation solution for the domestic market including elastomeric insulation & high-density materials for HVAC (heating, ventilation, and air conditioning) systems. Industry analysts deem that Armacell’s move to open flexible foam manufacturing facility will not only cater to the strong product demand in the Gulf region, but will also strengthen its foothold in the global flexible foam industry space.
Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)
This German company, however, is not the only major flexible foam industry player that’s seizing the growing product demand from myriad applications including packaging, construction, furniture & upholstery, bedding, pillows, carpet cushion, mattresses, consumer goods, and automotive interiors. FRX Polymers Inc., recently for instance has introduced its Nofia non-halogenated polyphosphonates that will be used in UL 94 V-0 high-temp polyurethane flexible foams used in the transportation & electronic industries. For the record, Nofia phosphonate oligomers act as a flame retardant & heat stabilizer in polyurethane flexible foam products and retain mechanical performance.
A statement by FRX claims that the Nofia FR enabled the fire retardant polyurethane foam to conveniently handle higher temperatures – with respect to both, the continuous use temperature and peak temperature. FRX’s launch of Nofia is an apt instance validating the significance of polyurethane as a vital type of flexible foam. The material apparently, is characterized by outstanding features such as light weight, lower installation time, enhanced resiliency, improved cushioning, lightweight, increased shelf life, and durability.
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Elaborating on the extensive deployment of polyurethane for introducing light weightiness in vehicles, it would be prudent to mention that high-density polyurethane foam components can be effectively coated to seem like the original product, and can be manufactured with a closed-cell structure that boasts of being water-tight. Ergo, the component is not susceptible to rotting, delaminating from water intrusion, or warping. PU foam is also equipped with exceptional self-skinning properties, making the product ready for painting or coating. This has consequently increased the deployment of PU foams in myriad automotive and aerospace applications, thereby driving the PU flexible foam market share.
Powered by its excellent characteristics, polyurethane foam is widely used across a spate of industry verticals. As a matter of fact, polyurethane dominated the overall flexible foam market in 2018, with a share of over 60% of the demand. Driven by its innumerable applications in lightweight automotive parts, as thermal insulation products in buildings, in automotive interior components, and as cushioning in beddings, upholstery, etc., polyurethane-based flexible foam industry is slated to traverse alongside a highly profitable growth path in the years ahead.
Speaking of the regional spectrum of flexible foam market, the APAC undeniably, has emerged as a forerunner, a feat that can be credited to the expanding automotive and consumer goods industries in the region. As a matter of fact, the continent boasts of increased expenditure on luxurious consumer goods coupled, thereby fueling the demand for memory foams in mattresses and beddings. The region’s construction industry has also been undergoing a robust expansion of sorts, that has considerably increased the demand for flexible foams in the continent.
Powered by the expanding hospitality industry, specifically across the South-East Asian nations of Thailand, Singapore, Malaysia, Vietnam, and Indonesia, on account of supportive FDI policies, APAC flexible foam market share is anticipated to depict a commendable rise in the years ahead. Indeed, as per estimates, Asia Pacific led the overall flexible foam market share in 2018, accounting for more than 30% of the demand.
As the demand for flexible foams exhibit an incline across a slew of prominent industry verticals, the global flexible foam market is anticipated to gain quite some traction in the years ahead. The industry is also characterized by the launch of highly innovative products by numerous industry contenders. Say for instance, Deacom, Inc., the popular developer of a comprehensive ERP solution, recently concluded an implementation for an innovative PU foam chemical technology manufacturer, Foam Supplies, Inc., with Ecomate®, its patented blowing agent. The new system is expected to provide the technology foundation to manage Foam’s production operations. Aided by a ferocious competitive spectrum and a widespread application landscape, the global flexible foam industry size is set to be pegged at USD 65 billion by 2025.
Author Name : Saipriya Iyer
Metal bonding adhesives market to be driven by the robust demand for medical equipment, global industry valuation to cross USD 6 billion by 2025
The rapid expansion of the aerospace, automobiles, industrial and medical sectors worldwide has reinforced the metal bonding adhesives market, with rising demand for efficient materials used in production, repair and maintenance of different products. Properties like thermal conductivity, dimensional stability and resistance to chemicals, vibration and abrasion have propagated the benefits of these composites. Continuous efforts by adhesive producers to develop new and improved products has fueled the growth of the metal bonding adhesives industry. These composites are commonly being used while manufacturing medical and pharmaceutical equipment, since they have to face difficult conditions and need to be highly reliable. Increasing demand for these equipment is thus certain to boost the global metal bonding adhesives market revenue.
U.S. Metal Bonding Adhesives Market Size, By End-user, 2014 – 2025 (USD Million)
Technically, surgical instruments, imaging equipment, implantable devices are some applications in the medical segment that require the use of specific adhesive composites. Manufacturing medical devices that are reusable also pose challenges for engineers in terms of selecting the appropriate materials and adhesives. The metal bonding adhesives industry has allowed manufacturers to deliver instruments that are more reliable, durable and can withstand different conditions, invariably enhancing their performance. Needle bonding and assembling syringes are two key application areas for these composites, to provide products that can survive high withdrawal forces. The instruments are used everywhere from laboratories, ER and health clinics to surgeries in operating theaters.
It was estimated that in 2016, the global syringes industry size exceeded USD 10.56 billion and could grow beyond USD 16.90 billion by 2021, indicating lucrative prospects for the metal bonding adhesives market over the coming years. The utilization of these composites can be anticipated to surge from the increased deployment of other medical devices and instruments over the forecast timespan, as the expenditure on healthcare services rises. WHO has predicted that the proportion of geriatric population will go up to nearly 22% by 2050 as compared to 12% in 2015. A major chunk of this population will be living in developed economies and would lead to increasing occurrence of chronic diseases such as cancer, diabetes, heart disorders as well as orthopedic ailments.
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With more cases of chronic diseases reported around the world, the healthcare system in all the regions will undergo immense proliferation and generate a need for more surgical instruments like knives and scalpels. Shifting trends in the medical segment will further alter the demand for these products, including inpatient and outpatient services. Outpatient surgeries are projected to witness about 11% growth rate up to 2022, indicating a consistent need for reliable precision instruments and the significance of the metal bonding adhesives market. Development of additional healthcare services such as biomaterial storage banks will also support the metal bonding adhesives industry growth, as cryogenic equipment also require these composites for withstanding extreme low temperatures.
A crucial strategy adopted by prominent industry participants for ensuring they hold a substantial market share is to develop and bring to market new products that satisfy various industrial needs and standards. For instance, Lord, which is a major player in the metal bonding adhesives market, recently unveiled two new products called, Lord 852 / 25GB and Lord Fusor 2001/2003 NG, at a renowned trade fair. The first product was introduced as an acrylic-based adhesive ideal for both composites and metal application, with the company claiming it to have the best performance among its entire portfolio. The Lord Fusor 2001/2003 NG is based on polyurethane and though it exhibits the same open time as most PU adhesives, though it is mainly designed for use in automobiles. To elaborate, the product reduces handling time to 45 minutes from the usual 2 hours 30 minutes, providing 25% more productivity.
Other leading companies in the metal bonding adhesives industry, including DowDuPont Inc., 3M Company, BASF SE, Evonik Industries, Arkema Group and Permabond LLC would also be looking to bring advanced products for their customers in the automotive, medical and industry segments. Owing to the extensive dependability by various end-user domains, the metal bonding adhesive market is estimated to grow with an appreciable CAGR from 2018 to 2025 globally.
Author Name : Pankaj Singh
A succinct insight into industrial liquid coatings market with respect to the resin landscape: epoxy coatings to gain momentum over 2018-2025
The robust growth of the global automotive sector is certain to emerge as one of the driving forces of industrial liquid coatings market in the years to come. Industrial liquid coatings, equipped with resistance to corrosion, acids, UV rays, oils and other type of impurities that can deteriorate metals and hinder the performance of equipment, are deployed in automobiles, transportation equipment, electronics appliances, wood and non-wood furniture, metal building products, and metal containers. Indeed, OEMs have emerged one of the most remunerative application arenas for these coatings.
China Industrial Liquid Coatings Market Size, By Application, 2014 – 2025 (USD Billion)
An insight into the two basic types of resins used in the manufacturing of coatings:
Polyester
Polyester is one of the most widely used resins for industrial coatings. Polyester encompasses a superior chemical bond and is ideally temperature resistance to most materials. That said, the resin is also endowed with some other properties – polyester is known to abrasion resistant and provides prolonged corrosion protection. Both the aforementioned characteristics make polyester-based coatings ideal to be used in the marine sector and various other industrial applications, thereby augmenting the commercial landscape of polyester-based industrial liquid coatings market.
Polyester-based industrial liquid coatings industry size was valued at $8 billion in 2017 and is projected to grow at an appreciable pace over 2018-2025. Apart from its excellent properties, a pivotal reason for this industry to depict growth is that polyester coatings have the benefit of being cost efficient compared to other available coatings.
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Epoxy
Epoxy is another type of resin that is very widely used in coating production. The principal factors responsible for the deployment of epoxy are its excellent properties – the material is tough, enables quick drying, has a protective nature, and is endowed with other mechanical properties as well. Driven by its highly favorable characteristics and its subsequent benefits in coatings, epoxy manufacturing is generally undertaken on a large scale. As per the AMEC Environment and Infrastructure UK (AMEC) reports, a total of 259,000 tons of epoxy resin was manufactured in 2013, in plants located in Germany, Spain, Netherlands, Poland, and Switzerland.
In 2017, epoxy resin accounted for a commendable 30% of the industrial liquid coatings market share and is anticipated to depict a positive growth graph in the ensuing years. Reportedly, epoxy-based industrial liquid coatings are applied on the inside of cans as a protective coating that prevents corrosion and prolongs the shelf-life of the can and stored food. Additionally, it also serves well in terms of lending an aesthetic look to the can. Similar coatings are also used in the construction of wind turbine blades and metal structures. Owing to the fact that epoxy based coatings are relatively easier to apply as opposed to conventional heat cured powder coatings, they are used across a plethora of applications, thereby impelling epoxy-based industrial liquid coatings market share.
Speaking of epoxy, it is prudent to mention that the resin is widely popular in Europe. According to the AMEC Environment and Infrastructure UK (AMEC), Germany is one of the largest markets for epoxy resins in Europe, and had accounted for sales of sold approximately 88,000 tons of epoxy resin in 2013. This represents an appreciable 35% of all European sales. The UK accounted for the second largest volume of some 11% the same year, while Italy and France both witnessed for around 10% of total epoxy sales. It is thus rather overt that Europe industrial liquid coatings market, that held around $10 billion in 2017, will register a commendable growth rate owing to the surging epoxy production in the region.
One of the vital factors that may possibly restrain the growth of industrial liquid coatings market is the adverse impact on human health caused due to the release of fumes from volatile organic compounds (VOC). As per the United States Environmental Protection Agency’s Total Exposure Assessment Methodology (TEAM) study, people exposed to VOCs experience conjunctival irritation, throat and nose discomfort, allergic skin reaction, headache, nausea, fatigue and dizziness. However, regulatory bodies, in this regard, have enforced certain norms that mandate companies to use less VOC-emitting products. In accordance, bio-based industrial coatings have emerged as the latest trends, adding a new growth dimension to the overall industrial liquid coatings market.
Author Name : Mateen Dalal
Global Marine Sealants Market to carve out a profitable growth path over 2017-2024, driven by the extensive demand from the robustly expanding shipbuilding sector
3M, one of most renowned giants partaking in Marine Sealants Market share is reputed for consistently innovating new sealant systems for marine applications, pertaining to the vast expanse of shipbuilding activities across the globe. The multi-billion-dollar company recently formulated a new polishing compound designed to enhance surface glass fiber hulls. This innovation is a prime instance demonstrating the fact that the increasing introduction of advanced products in marine sealants industry is likely to help companies expand their consumer pool. Ship builders are known to use sealants and adhesives on a rather large scale, to increase the stability and performance of the ship amidst a harsh marine environment inclusive of salt water, high humidity, and strong UV radiations. Marine sealants also provide airtight and watertight seals between two surfaces by reducing use of metal fasteners, which aids the reduction of noise and vibration – a major factor that is likely to augment marine sealants market share. A research report compiled by Global Market Insights, Inc., in fact, claims marine sealants industry to have generated a revenue of USD 200 million in 2016.
U.S. Marine Sealants Market Size, By Material, 2016 & 2024 (Kilotons)
Marine sealants market players are bound to act in accordance with a strict regulatory framework that ensures the manufacture of highly efficient and superior quality products. Sealant manufacturers, it is observed, are consistently involved in the development of an advanced range of high quality products that suitably comply with industry standards. In addition, marine sealants industry has also been witnessing a slew of strategic partnerships with shipbuilders that would ensure the creation of a favorable growth path for this business space. The competitive hierarchy of marine sealants market is replete with notable biggies such as 3M, SABA, Henkel AG & Company, Bostik, Franklin International, H.B. Fuller, Dow Corning Corporation, Adshead Ratcliffe & Co Ltd., Illinois Tool Works, Sika, RPM International, and Avery Dennison.
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Major geographies across the globe have been witnessing a robust increase in the number of shipbuilding factories, pertaining to the rapidly growing requirement of ships for commercial, defense, and general-purpose applications. Given that shipbuilders are increasingly seeking newer methodologies to enhance ship manufacturing and performance, the surging use of sealant and adhesive bonding methods for joint formation, sealing bulkhead, portholes, and trims is certain to massively influence marine sealants industry size. For the record, marine sealants market share from the shipbuilding sector was pegged at more than USD 140 million in 2016. Additionally, in a bid to promote tourism, government bodies and private companies have been looking out for reliable shipbuilding partners. Taking in account the growing demand for cruise ships and commercial fleets, the requirement of sealants is undeniably slated to escalate over the coming years – a factor that will dynamically stimulate marine sealants market trends. Speaking of tourism and the contribution of shipbuilding companies for the same, it is prudent to mention that recently, WIGHT Shipyard, a leading high-speed craft and aluminum ship builder in Europe, has won an order to manufacture a 21-meter passenger catamaran for promoting Scottish tourism.
The September of 2017 witnessed the British Parliament announcing a new National Shipbuilding Strategy to expand the marine industry in England. Through this strategy, it intends to procure 31e General Purpose Frigates, each costing lesser than USD 300 million. The shipbuilding operations are expected to be carried out at multiple shipyards. This designing approach of the British government to maximize exports is likely to have a marginal impact on Europe marine sealants industry size.
Government contributions toward marine sealants industry is not limited only to the UK, even the Indian government has been investing heavily to enhance the nation’s marine infrastructure. Recently, a delegation from Ukraine met the Secretary, Ministry of Shipping in New Delhi, India, with an aim to discuss the possibilities of partnering with the country for potential shipbuilding projects. This is evidence enough to state that the shifting focusing of countries across the globe toward shipbuilding will lucratively impact the growth of marine sealants market.
Author Name : Sunil Hebbalkar
Strong infrastructure spending vehicle weight reduction trends for better fuel performance to drive adhesives and sealants market growth
Adhesives and sealants market is projected to surpass USD 40 billion and USD 9.5 billion from 2015 to 2023, respectively. Global Market Insights Inc. has published a new study based report on Adhesives and Sealants industry. The report talks about the market in terms of definition, classification, estimations in terms of value and volume. It features the current and future forecasts as per the parallel industrial and financial outlook. Furthermore, it covers current events and trends of leading global companies including important developments, mergers and acquisitions, partnerships and agreements, investments and expansions, etc. It also discusses about the key aspects like drivers, impediments, opportunities and challenges that influence the market.
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The need of higher performance characteristics has lead the adhesives market gradually to shift from the conventional solvent based adhesives towards the application of superior -performance products including pressure sensitive and reactive hot melts adhesives. This gradual and steady shift in segment is furthering the overall demand growth of hot melt adhesives. Waterborne adhesive market size is estimated to dominate the technology segment in adhesives and sealants market during the forecast period.
Growth in automobile production, infrastructure development is likely to have a positive impact on the demand growth. Growing use of polymer and plastic in light weight automobiles to improve efficiency is anticipated to impel market size, with expected growth of 4.9% and 5.9% during the expected timeframe.
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The report also covers the in-depth analysis of the industry segmented on the basis of key regions. Advent of technology focused on sustainable and smart products is driving demand for sealants in various regions including Europe and North America attributed to various innovations including reduced cure time, superior performance benefits including resistance to gas and chemicals, improved seals, superior adhesion to a range of substrates, etc. Escalation in construction expenses in Indonesia, China and India is poised to boost demand. European silicone sealants market demand is forecast to observe a substantial growth in next few years.
The key participants in the adhesives and sealants industry are analyzed thoroughly in the report. It features competitive scenario of the industry with company profiles, trends, business strategies, financial metrics, etc. top players include Dow Chemical, Henkel, 3M, and HB Fuller. Sika AG, Avery Dennison, Ashland, Eastman Chemical, Uniseal, Bostik, and N.D Industries are a few other important players in the industry.
Author Name : Dhananjay Punekar
Global Market Insights Inc. 