aprile 2023 - Business NewsWire

Growing Requirement for Water Treatment Boosts Biocides Industry

The biocides market is projected to rise in the near future, driven by the growing requirement for water treatment and the surge in the usage of biocidal products such as petrochemicals, homecare products, personal care, paintings, and coatings.

Biocidal products can be defined as the active substances for destroying, rendering harmless, deterring, or forces a controlling effect on harmful organisms by chemical or biological mediums. These products act as preservatives disinfectants, or pesticides, depending on their characteristics.

The halogenates are projected to generate the highest sales revenue in the biocides market, ascribed to the burgeoning requirement for water treatment. In addition, under the application segment, water treatment captures the largest share of the biocide’s industrial revenue, ascribed to the high demand for water treatment and potable water for both residential and industrial applications. It is projected to showcase significant sales in the coming years.

Moreover, APAC is projected to generate extensive sales revenue to the biocides industry, ascribed to the growing demand for water treatment in China, India, and other Southeast Asian countries for residential and industrial applications. The rise in the manufacturing capacity of the APAC nations leads to the expansion of the halogenates industry.

Several regulations and laws are enacted worldwide to control the usage of biocidal products. The European Union has implemented the biocidal products regulation (BPR), similarly, the U.S. FDA has also implemented several laws and regulations to monitor the application of the biocidal product, along with their active substances. It has resulted in a rise in the supervision level, and a ban on several biocidal products caused of their carcinogenic or mutagenic nature.

The growing demand for biocides for the preservation of varying types of consumer products, such as healthcare products, homecare, and water treatment for both residential and industrial purposes boost the market. Besides water treatment, biocidal products are widely used for equipment disinfection in the production, transportation, and storage of water.

Biocides are capable of preventing the growth of harmful organisms, such as protozoa, and bacteria as they act as antifouling or disinfectant agents. The major application of the biocides is at waterworks for maintaining microbiological quality before and during the distribution of water. It involves ensuring the acceptable microorganisms count level in the water and killing the rest pathogenic microorganisms.

The macro-economic progress of several countries and the rise in the disposable income of the people drive the demand for biocides. These products are highly used as preservatives, disinfectants, and sterilant in consumer products for alleviating microbial growth, resulting in bolstering demand for consumer products and resulting in extensive sales. In addition, the worldwide rise in the population fuels the demand for consumer products, resulting in the massive consumption of biocides.

Tire Market on the Move: Opportunities and Challenges in Europe Automotive Industry

The European automotive tire market is experiencing a growth, which can be credited to the development of the European automotive sector and also the surge in the replacement rate of tires because of the better durability of vehicles.

Based on vehicle type, the industry is divided into several categories, including passenger cars, heavy and medium commercial vehicles, light commercial vehicles, and two-wheelers.

Between these, the passenger cars category had the largest share, on the basis of sales in the past. This can be credited to the surging sales of tires because of the growing demand for SUVs and CUVs in the region. Such a hike in sales of CUVs and SUVs is a major reason for the growing demand for automotive tires in the region.

On the basis of type, the European market has been divided into summer, winter, and season tires. Among these, the all-season tires had the largest share in the recent past. This dominance can be credited to their ability to be used throughout the year regardless of the season. Winter tires are way costlier than the other tires, as they are only used during heavy snow, and as the technology of all-season tires is improving, the need for winter tires is reducing.

The European automotive tire market is divided into France, the U.K., Germany, Italy, Spain, the Netherlands, Belgium, Poland, Switzerland, and other parts of Europe. In these Germany held the largest share in the past, and is projected to continue its dominance in the years to come. Germany is a hub of vehicles, with most passenger cars are produced and sold, the country holds the largest passenger car customer base, which in turn propels the demand for tires.

Europe is home to several global automobile parts and vehicle manufacturers and is one of the largest automobile industries. The future of the industry in the region looks very bright, with the development of new technologies including, electric and autonomous vehicles, and varying likings of the younger generation and millennial customers.

Moreover, stringent guidelines of the European Union and increasing demand for eco-friendly tires will drive the market in the future. In addition, with the presence of a huge customer base, infrastructural development, the presence of a skilled workforce, and local and state government support, Europe is one of the most promising automobile markets all over the globe.

Therefore, the growing number of vehicles on European roads, increasing demand for eco-friendly tires, government initiatives, and the growing demand for SUVs and CUVs in the region will drive the demand for automotive tires in the future.

Impact of COVID-19 on the Europe Automotive Tire Market: Challenges and Opportunities

Increasing Government Investment in Public Transportation to Boost the U.S. Bus Market

The U.S. bus market size stood at over $7,453 million in 2021. This will increase to about $11,238 million by 2030, propelling at a growth rate of about 5% in the years to come.

This can be credited to the quick urbanization and rising population, together with the cumulative government outlay on the upgradation of vehicles for public transport. Furthermore, the obtainability of local, state, and centralized funding and the large count of school buses help the market to grow.

The school buses had the largest share of revenue, approximately 55%, in the U.S. bus market in 2021, and will continue the same trend also in the near future. This is for the reason that these buses are the main form of mass transportation in the U.S. Nearly 480,000 school buses were on the roads in 2021 in the U.S., more than transit buses roughly 7 to 1. Additionally, the surging acceptance of e- buses for school helps the market growth in the U.S.

Public transportation can advance traffic safety, active transportation, air quality, and accessibility, along with personal health assistance. Public transportation makes use of less fuel and produces lower volatile organic compounds, carbon dioxide, and carbon monoxide per passenger mile as compared to private vehicles.

Accompanied by environmental assistance, it has considerably lesser crash rates and lesser severity of crashes than personal travel. Commuting by public transportation is a lot safer than commuting by personal vehicle. Furthermore, people can minimalize the chance of an accident by over 90% just by taking public transport compared to a car. These factors help in improving the growth of the U.S. bus market significantly.

Electric buses will grow at the highest rate of approximately 30%, in the years to come, regarding revenue. This is for the reason that the penetration of e- buses in the U.S. was about 2% of the total bus sales of the country in 2021, and the share of e- buses in public fleets is steadily increasing. Additionally, numerous public transport agencies have signed contracts with e- bus manufacturers for obtaining electric buses.

The California bus market has the largest share of approximately 12%, in 2021, in the country. This is because an enormous population demands effectual transport systems. Furthermore, California is a hub of new e- bus programs. The California Air Resources Board, a subsidiary of the California EPA, assistances the implementation of state-wide clean air standards by backing state-of-the-art emissions reduction projects, like CARBS’ Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. This in turn gives a boost to the U.S. bus market.

Increasing Demand for Sustainable Building Materials Boosts the Construction Adhesives Market

The size of the construction adhesives market was USD 9,101.5 million in 2021, and the figure is set to rise at a CAGR of 5.3% in the duration of 2021–2030, and to reach USD 14,541.9 million by the end of this decade, as per P&S Intelligence.

This can be credited to the rising construction sector, and snowballing demand for low-VOC adhesives, including water-based adhesives and pressure-sensitive adhesives.In 2021, the acrylic category held the largest revenue share of approximately USD 3,862.3, and this number will surge at a CAGR of 5.7% by the end of this decade. This can be ascribed to the fast development of the construction sector in the MEA and APAC regions. Acrylic adhesives are favorite in the construction industry mainly because of their solid bonding with substrates, outstanding water resistance, and better impact strength.

For example, China presently has a large number of airport building projects in the stage of expansion, including, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, and Beijing Capital International Airport. Furthermore, the Chinese government has publicized key strategies for the relocation of 250 million public to new megacities in the coming ten years.

In 2021, the residential category held the largest revenue share, of approximately 60%, credited to the high-volume utilization of construction adhesives in residential constructions.This can be ascribed to the increasing expenditure in residential construction actions than for commercial and industrial construction. According to an Indian government organization, the ‘Housing for All” scheme is purpose to fetch investments of USD 1.3 trillion in the residential industry by 2025.

In 2021, the APAC construction adhesives market held the largest market share of approximately 45%. This growth can be credited to the growing per-capita income, solid economic development, and increasing construction activity.Furthermore, the growing government investment in infrastructure and growing demand for low-VOC adhesives boost the growth of the market. For example, China is tended to invest approximately USD 13 trillion in the construction industry by 2030.

Oil and Gas Companies To Steer Fiber Reinforced Plastics Pipe Demand

The Technical Standards and Specifications laid down by the Petroleum and Natural Gas Regulatory Board, India, states the standards for the design, material, and safety of pipelines used in the oil and gas sector. The Schedule 1E of this regulation compels oil and gas companies to control corrosion and the Schedule 1D mandates the testing of pipeline equipment. Likewise, the Pipeline and Hazardous Materials Safety Administration (PHMSA) of the U.S. government assess the safety and performance of pipelines in the oil and gas sector to avoid unprecedented situations.

Get More Details Fiber Reinforced Plastics Pipe Market Competitive Landscape

Fiber Reinforced Plastics (FRP) Pipe Market

At present, epoxy FRP pipes are being preferred over polyester and polyurethane variants because epoxy does not emit pollutants and it is eco-friendly. These pipes find large-scale applications in the water and wastewater, power generation, oil and gas, and chemical and industrial sectors. In contemporary years, the chemical and industrial sector creates the maximum requirement for FRP plastic pipes due to the need for corrosion and fire-resistant pipes in chemical and manufacturing plants.

The various types of FRP pipes used in such application areas are manufactured by Saudi Arabian Amiantit Company, Hengrun Group Co. Ltd., Sarplast SA, Future Pipes Industries L.L.C., Chemical Process Piping Pvt. Ltd., Sekisui Chemical Co. Ltd., Ershigs Inc., National Oilwell Varco Inc., China National Building Material Company Ltd., and HOBAS. These companies manufacture such pipes through pultrusion, centrifugal casting, and filament winding processes. In recent years, FRP pipe manufacturers have primarily opted for the filament winding process due to the benefits of automation and the low cost associated with it.

Geographically, the Asia-Pacific (APAC) region dominates the fiber reinforced plastics pipe market, especially on account of the surging construction and expanding oil and gas activities. Moreover, the booming manufacturing of automobiles will also create an extensive requirement for FRP plastic pipes in the region in the coming years. Besides, the soaring focus of governments on improving sewage treatment facilities will also facilitate the usage of such pipes, owing to the long life of these pipes.

The European region is the second largest user of FRP plastic pipes due to the increasing construction activities in the regional countries. For instance, Statistisches Bundesamt states that 146,493 and 151,657 new buildings were constructed in Germany in 2019 and 2020, respectively. Likewise, the U.K. government aims to finish High Speed Two (HS2) project, a railway endeavor, by 2033. Further, the 2024 Summer Olympics, which will be held in Paris, will result in the large-scale construction of hotels, stadiums, and commercial centers to host around 13 million spectators.

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Why Are Appearance-Conscious Patients Preferring Surgical Glue?

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

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

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Still, among cardiac, pulmonary, vascular, liver and spleen, orthopedic, plastic, neurological, general, eye, gynecological, and urological surgeries, wound management, and burn bleeding, cardiac surgeries consumed the highest volume of surgical glue in the past. This is because of the high volume of such procedures on account of the rising prevalence of cardiovascular diseases (CVDs). They kill almost 18 million people every year, becoming the diseases with the highest mortality rate.

There are various risk factors for heart diseases, including a fatty diet, lack of physical exercise, mental stress, tobacco and alcohol consumption, and genetic factors. Moreover, certain physical injuries harm the heart, such as severe accidents and gunshots. Another key factor that puts people at a risk of CVDs is age, with older people more likely to suffer from them. Hence, with the population of people 65 years and older set to increase to 1.5 billion by 2050 from 727 million in 2020, as per the United Nations (UN), cardiovascular surgeries are growing in volume, thus driving the demand for surgical glue.

As a result, biotech and medical device companies are engaging in research and development (R&D) to come up with advanced surgical glues. For instance, a group of researchers has reportedly created one such product utilizing proteins naturally found within the human body. The MeTro, short for methacryloyl-substituted tropoelastin, is a biocompatible surgical glue created from an elastic hydrogel sealant found in human tissues and designed to set via reaction to ultraviolet (UV) light. This squirtable glue can reportedly close a wound and seal off bleeding tissue in 60 seconds!

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

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

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Navigating Through Uncertainty: COVID-19 Impact Analysis on Logistics Industry

The impact of COVID-19on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of theaffected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies,such asIndia and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived.

In March 2020, nationwide lockdowns disrupted the supply chain across the world. Due to the rapid spread of coronavirus, countries have restricted the amount of water-, rail-, and air-borne cargo traveling to and fro. To contain the spread of coronavirus, only the carriage of essential items was allowed during the lockdown. The COVID-19 impact analysis on the logistics industryshowsthat the restricted movement of goods reduced the overall freight usage globally, primarily byaffectingthe trucking industry, due to permission barriers.

To revitalize the logistics industry during the pandemic,market players are making tactical changes and framing backup policies. These measures, according to the COVID-19 impact analysis on the logistics industry, will help service providers bounce back on the recovery road, by delivering the goods that are stuck in warehouses. Major logistics companies taking such measures include Supply Chain Solutions and Geodis, Deutsche Post DHL, The Maersk Group, Panalpina,Kuehne+ Nagel, DB Schenker Logistics, Dsv Global Transports and Logistics, and C.H. Robinson.

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This study covers

Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings

Magnesium Stearate Market: Trends, Growth Factors, and Industry Analysis

The global magnesium stearate market is predicted to touch $2,637.6 million by 2030, progressing at a 5.3% CAGR from 2020 to 2030. The major factors driving the market are an increase in the use of magnesium stearate in personal care products and the APAC rapidly expanding pharmaceuticals sector.

Based on form, the powder category dominated the magnesium stearate market in terms of size. Due to its use as an appropriate release agent during the production of drugs, powdered magnesium stearate is in high requirement from the pharmaceutical sector. Utilizing the compound makes the production process effective and time-saving by preventing tablets from adhering to the manufacturing equipment.

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Moreover, strong demand for magnesium stearate as a raw material has been generated as a result of rising personal care product usage in emerging countries due to rising consumer expenditure. As a result, these factors are driving the magnesium stearate market.

Geographically, APAC dominates the magnesium stearate market due to a considerable increase in the use of chemicals, primarily in the pharmaceutical, food & beverage, plastics, and personal care sectors. To fulfill the region’s end-use industries’ high-volume demand, chemical producers there are placing a lot of emphasis on facility expansions. Additionally, the consumption of prescription medication in the form of pills and capsules is rising due to the increasing prevalence of many disorders.

Recently, the usage of compound in personal care products has increased significantly, especially in India, China, Germany, the U.S., France, and South Korea. Magnesium stearate may be used as a great lubricant and texturizer in cosmetics. Additionally, it is commonly utilized as a cream thickener and in hair care products including shampoos, hair masks, and conditioners.

Browse In-depth Competitive Landscape of the Magnesium Stearate Market

Paints and Coatings Market to Observe Highest Growth In APAC

The paint and coatings market was valued at USD 164.1 billion in 2022, and it is predicted to reach USD 238.8 billion by 2030, rising at a rate of 4.80% during the forecast period as per a report by P&S Intelligence.

The growth is due to the increasing consumption of the product in the general industrial, construction, and automotive sectors. Additionally, it is expected that the rapid industrialization and urbanization in China, India, and other countries in Southeast Asia, will increase product demand.

The China construction industry is the largest paint and coatings market and it will grow at a significant rate during 2022–2030. The growth in this industry is driving the decorative coatings demand in APAC.

Additionally, the increasing real estate activities, along with rapid urbanization, rising disposable income, and increasing population, have boosted the paint and interior demand.

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The introduction of nanotechnology has significantly changed the formulation of paints and coatings. Some of the formulations which are developed with the use of nanotechnology even conduct electricity and offer self-healing properties and UV protection. Additionally, these products are highly resistant to corrosion and mar. Thus, the advent of this advanced technology will provide growth opportunities.

Additionally, the demand for these variants will grow consistently in the future because of their rising uses by some furniture and automobile manufacturers.

Get More details Paints and Coatings Market Size, Share, Trends, Business Opportunities and Top Manufacture

This study covers

Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings

Electric Avenue: Driving Sustainable Transit Solutions with Innovative Electric Bus Technology

The requirement for electric buses is increasing as a result of actions and measures being taken by governments across Europe to reduce pollution. According to WHO data, air pollution causes up to 100,000 fatalities annually in Europe, reducing life expectancy by an average of one year.

An electric bus now costs less overall than a comparable diesel model thanks to strong government assistance in the form of subsidies. Thus, the electric bus market sales volume is expected to reach 912,354 units by 2030, as per P&S Intelligence.

Additionally, it is anticipated that the upfront cost of such buses would fall due to the continuing decline in Li-ion battery prices, which will lower their overall cost. The lower total value of ownership is thus anticipated to draw in private transportation providers, leading to a quicker rate of market expansion in this sector.

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Moreover, governments and environmental organizations’ growing worries about the deterioration of air quality as a result of rising emissions from urban vehicles have prompted the creation of strict environmental regulations.

For instance, the FTA, a division of the DOT, published a notice in June 2021 offering $182 million in financing for low- and no-emissions buses. By the end of this decade, the government wants to reduce GHG emissions by 50%, and this initiative attempts to assist in that effort.

Furthermore, the global crude oil prices have increased as a result of the main oil-producing nations’ declining oil reserves. Since the majority of developing nations spend a lot of money importing crude oil, the rise in its price has forced governments to reduce their oil imports by switching to alternate fuels.

Browse Full Report Electric Bus Market Business Strategies, and Current Trends

This study covers

Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings