giugno 2023 - Business NewsWire

Exploring the Growing Acetic Anhydride Market and its Wide Range of Applications

The global acetic anhydride market was valued at $3,476.1 million in 2019, and the market size is expected to grow at a CAGR of 2.3% during 2020–2030, ultimately reaching $4,950.4 million.

Based on application, the largest size in the acetic anhydride market in 2019 was attributed to the synthesizers category. This is credited to the high-volume consumption of the chemical to produce cellulose acetate. The demand for cellulose acetate is increasing due to its usage in the automotive and plastics sectors. To meet the surging requirement for cellulose acetate from these sectors, the consumption of the chemical compound in the production of cellulose acetate is predicted to rise.

The APAC region generated the highest revenue in the market in 2019, and this trend will continue during the upcoming years as well. This can be majorly credited to the rising production of cellulose acetate, which requires the compound as a synthesizer. There is rapid growth in the demand for cellulose acetate because of its use in plastic manufacturing. Tows, cigarettes, and textile fibers are widely used throughout the world. Around the world, China is the largest consumer and producer of cigarettes.

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There has been significant growth in the number of geriatric patients worldwide, and it is propelling the advance of the industry. The WHO states that by 2030, 1 in 6 people will be aged 60 years or above. The rise in the aging population is propelling the consumption of painkillers, because of which the demand for the compound is observing a rise. To meet the demand for generic drugs, including aspirin, the consumption of the compound will increase, thus encouraging the growth of the acetic anhydride market globally.

Illuminating the Future: Exploring the Solar Street Lighting Market and Its Benefits

The development of smart cities and reduction in the prices of solar street lighting solutions will increase the value of the solar street lighting market from $5.7 billion in 2019 to $14.6 billion by 2030, at a 9.4% CAGR during 2020–2030 (forecast period). Other factors contributing to the growth include the rapid infrastructure development and shift to solar power for sustainable and reliable lighting. Moreover, the fast-paced urbanization in developing countries is generating numerous opportunities for the market to grow.

Governments across the globe are developing smart cities that will deploy solar street lights in large numbers, thus amplifying the solar street lighting market size. India, Saudi Arabia, China, South Korea, and the U.S. are home to numerous smart cities, and more of these are under development. These countries are constructing such cities for enhancing the standard of living and conserving the precious resources. For instance, South Korea, in September 2018, signed a letter of intent with Malaysia to construct a smart city in Kota Kinabalu in Sabah.

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The component segment of the solar street lighting market is divided into lamp, solar panel, battery, and controller. Under this segment, the solar panel division generated the highest revenue in 2019, and it is expected to maintain its dominance during the forecast period. Solar panels are a quintessential component of a solar lighting system, and they are relatively costlier than other components. These panels offer electricity to charge the battery in daylight, which illuminates the lamps attached to them in less or no sunlight.

The solar street lighting market is dominated by Koninklijke Philips N.V., Sunna Design SA, Bridgelux Inc., and SolarOne Solutions Inc. because of the premium-quality products provided by these companies. Other players in the market include Azuri Technologies Ltd., FlexSol Solutions B.V., Eaton Corporation Inc., Leadsun Inc., Su-Kam Power Systems Ltd., Sunna Design SA, Solar Lighting International Inc., BISOL Group d.o.o., Orion Energy Systems Inc., and Zhuhai Bomin Solar Technology Co. Ltd.

Exploring the Medical Adhesives Market: Uses, Trends, and Market Outlook

While medical adhesives cover a wide spectrum of fabrication materials, they are primarily made of biological or synthetic formulations. Medical adhesives are frequently used for surgical operations and device bonding. A variety of adhesives, some of which are disposable, are used in medical equipment, sometimes more than once.

High heat ranges may be tolerated by high-strength bonding adhesives; some of them are appropriate for electronic devices.While medical adhesives cover a wide spectrum of fabrication materials, they are primarily made of biological or synthetic formulations. Medical adhesives are frequently used for surgical operations and device bonding. A variety of adhesives, some of which are disposable, are used in medical equipment, sometimes more than once. High heat ranges may be tolerated by high-strength bonding adhesives; some of them are appropriate for electronic devices.

Moreover, adhesives are excellent for skin and suture applications, others are perfect for attaching a wide range of substrate surfaces, such as metals, plastics, and rubbers. Medical-grade adhesives can be divided into one- or two-part epoxy systems, with each having a unique curing response. Medical adhesives are frequently used in applications such as labeling electrodes, implanted devices, catheters, and surgical tools.

The demand for medical adhesives was significantly impacted by COVID-19, particularly in China, the U.S., Spain, Germany, Italy, and other western European nations. Nevertheless, the demand for medical adhesives is benefiting from the surge in demand for personal protective equipment, masks, blood and saline tubes, and syringes.

Due to the rising number of patients needing long-term chronic care therapy, procedures, and drug delivery, there is an increased need for disposable medical equipment, supplies, and other items. The demand for medical devices has increased as a result of healthcare organizations, such as outpatient facilities and hospitals, placing an increased emphasis on infection control and safety measures.

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Advantages Adhesives for Medical Devices

There are several alternatives for pressure-sensitive, non-structural, and structural adhesives available today. There are several benefits to employing adhesives rather than mechanical fasteners.

• For prolonged therapeutic usage, medical adhesives are light, plush, and pleasant enough
• Medical foam tapes are made with strong materials in appealing colors
• In comparison to films and nonwoven tapes, polyethylene foam tape is soft, pleasant, and reasonably priced when applied close to the skin

Adhesives provide extra advantages in the medical sector. Medical adhesives are already built to comply with FDA regulations for labeling, digital tracking, and durability rub testing. In addition, certain adhesives have UL certifications and are approved for use with particular printing processes and inks. These characteristics significantly reduce the amount of guessing involved in choosing materials that meet your needs and industry standards.

Exploring the Dynamics of the India EV Battery Swapping Market: Advantages and Growth Factors

The Indian EV battery swapping market was valued at USD 10.2 million in 2022, and this number is expected to reach USD 61.57 million by 2030, advancing at a CAGR of 25.20% during 2022–2030, according to P&S Intelligence. This can be credited to the decreased upfront prices for electrical vehicles and no wait time for charging.

In 2022, the three-wheeler category generated the gigantic revenue share of approximately 90%. The battery swapping method advances the lifespan of the battery of e-three-wheelers. Mainly because such vehicles travel above 100 km on daily basis on average, demanding regular battery swapping.

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In 2022, the subscription model category had the considerable revenue share in the market. E-buses commonly have decided routes and stoppage, because of this, drivers know how many miles they travel daily and choose the subscription model.

In 2022, Uttar Pradesh generated the largest revenue share in the Indian EV battery swapping market. This can be credited to the fact that this state is the biggest market for e-two-wheelers in the country. The utilization of e-scooters and motorcycles is increasing throughout the state, mainly in tier-2 and tier-3 cities.

in 2022, Delhi is projected to have a considerable revenue share in the industry, because of the existence of a top e-three-wheelers market in the state. In 2021, the state reported for a substantial share of electric three-wheeler sales in the country. E-rickshaw sales have amplified since 2013 because the overall result of high vehicle usage, rising population and high volume of travel.

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Exploring the Dynamics of the Organic Fertilizers Market: Benefits and Growth Factors

The value of the organic fertilizers market was USD 5,864 million in 2022, and it is will advance at a CAGR of 12.1% in the years to come, to reach USD 14,622 million by 2030, as per a market research company, P&S Intelligence.

Moreover, the requirement for cereals & grains is also increasing since they can be effortlessly produced and gives high yields.

Furthermore, fertilizers produced from bone meal, animal waste, and blood meal, are rich in phosphorous, potassium, and nitrogen, which are the main nutrients desirable by plants. So, because of above benefits of animal-based fertilizers, their use is quickly surging.

APAC had a significant growth in the organic fertilizers market, and will remain the same in the years to come. This growth is mostly credited to the increasing health consciousness amongst the broad cultivation land, customers, increasing population & growth of per capita income, and improved mechanization and irrigation competences.

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Europe will grow significantly in the years to come, since it has the largest organic arable land, in excess of 17 million hectares.

Recently, the land under organic farming has grown enormously across numerous regions globally, owing to numerous indirect and direct factors. The growing investments private and public players in contemporary agricultural methods and the increasing demand for organic products because of their perceived health benefits and the low chemical leaching throughout their production. These factors have also brought about in their premium pricing and higher interest amongst farmers because of greater margins.

Transforming the Construction Industry: Exploring the Dynamics of the Construction Chemicals Market

With the increasing urbanization rate, especially in developing countries such as India, South Africa, Brazil, and China, on account of the rapid migration of people from rural areas to urban areas for better employment opportunities and a higher standard of life, the demand for construction chemicals is surging sharply. This is attributed to the fact that the soaring population of people in urban areas is positively impacting the demand for new buildings, offices, and factories, which is, in turn, fueling the launch of many large-scale construction projects.

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Additionally, the rapid construction of green buildings, on account of the increasing concerns being raised over the escalating pollution levels and the burgeoning requirement for energy conservation in buildings, is also driving the sales of construction chemicals, thereby causing the expansion of the construction chemicals market. Moreover, green building materials can massively reduce the emission of harmful gases, which further boosts their popularity across the world. Additionally, these chemicals have the ability to improve the durability of buildings and provide protection against various environmental hazards.

Adhesives, protective coatings, concrete admixtures, sealants, asphalt modifiers, and others such as flooring chemicals and flame retardants are the most widely used types of construction chemicals across the world. Out of these, the demand for concrete admixtures was found to be the highest in 2017. This was because of the extensive use of admixtures, owing to their ability to reduce the cost of construction by modifying the traits of the hardened concrete. For instance, the addition of admixtures to water can reduce water requirement by 5–10%.

Thus, the demand for construction chemicals is certain to explode in the forthcoming years, primarily because of the increasing construction and infrastructural development activities, on account of the surging population of urban people, and rapid construction of green buildings across the world.

Unlocking the Potential of Conductive Polymers: Exploring the Dynamics of the Market

The rising consumer preference of high-performance and lightweight electronic products is driving the demand for conductive polymers across the world. These polymers are extensively used in wearable and flexible electronics, cell phones, various flexible inorganic semiconductors, laptops, displays, and other gadgets. With the surging income of people in emerging economies, such as China, the use of conductive polymers in the manufacturing of lightweight electronic products will shoot up in the forthcoming years.

ESD and EMI protection, actuators, capacitors, antistatic packaging, batteries, sensor, solar cells, and batteries are the major application areas of conductive polymers. Out of these, the requirement for conductive polymers was found to be the highest in ESD and EMI protection applications in the past. This was primarily because of the high requirement for the polymers in electronic device protection, owing to their success in the domain of corrosion control coating, on account of their biodegradable characteristics and conductive ability.

In the APAC region, the sales of these batteries are predicted to soar massively in China in the upcoming years. This will be because of the existence of several conductive polymer producers, such as Saudi Basic Industries Corporation (SABIC) and The 3M Company, rising requirement for electrostatic coatings on window panes and door panels, especially in the residential construction sector, and booming electronics industry in the country. In the RoW region, the demand for these polymers is soaring in Brazil.

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Exploring the Dynamics of the High Temperature Elastomers Market: Meeting Challenges of Extreme Environments

The surging usage of high temperature elastomers in the automotive industry is propelling their sales around the world. Moreover, with the boom in the automotive industry, especially in the Latin American and Asia-Pacific countries, the demand for these elastomers is rising sharply. These elastomers are extensively used in gaskets, boots, seals, dampers, and hoses, on account of their various beneficial characteristics such as resistance to automotive lubricants and heat, flexibility, and durability.

This was mainly because of the extensive usage of these elastomers in the automotive and construction industries. For example, silicone elastomers are used as structural glazing material and sealant in the construction industry and in vibration dampers and cure place gaskets in the automotive industry. Automobile and transportation, healthcare, semiconductor and electronics, consumer products, chemical processing, construction, and industrial machinery are the major application areas of high temperature elastomers. Out of these, the usage of these elastomers was the highest in automobile and transportation applications in 2017.

This is ascribed to the existence of several end use industries and many electrical and electronics manufacturing firms, increasing construction activities, and rapid economic progress of the regional countries. In addition to this, the expanding industrial base in India and China, due to their economic growth, is also driving the demand for these elastomers in the region. KCC Corporation, Dow Corning Corporation, Wacker Chemie AG, Solvay S.A., 3M Company, and Momentive Performance Materials Inc., are some of the major high temperature elastomer producing companies across the world.

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Polyester Hot Melt Adhesives Market: Growth, Applications, and Industry Analysis

The polyester hot melt adhesives market is predicted to hit $717,152.6 thousand revenue by 2030, ascribed to the rising requirement in the packaging sector for polyester hot melt adhesives with the increasing consumption in the automobile sector. Moreover, under the application segment, the industrial assembly category captures a massive share of the market, facilitated by the extensive consumption of adhesives for bonding electronic and electrical items in various industries.

APAC has the largest share in the polyester hot melt adhesives market, and it is expected to follow the same trend in this decade, ascribed to the massive consumption of these adhesives for industrial assembly applications such as bonding of automotive parts, electronic and electrical products bonding. Moreover, APAC market is also expected to experience a significant rise in sales in the coming years, due to the soaring requirement for polyester hot melt adhesives in the end-uses industries of developing countries such as India, Thailand, Vietnam, and China. In addition, low-cost labor and raw materials also lure the industrialists to establish their units in the region, creating an opportunity for massive FDI from the West.

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In the past few years, a shift from traditional stitching to hot bonding technology has been witnessed globally, it could be due to rising awareness of the advantages of the usage of hot melt adhesives in the textile industry. The applications of the polyester hot melt adhesives as coatings lead to transforming materials to become water-resistant, hence requiring no sewing. Such features make adhesives convenient for leather, linen, polyester, wool, and several other products’ bonding, resulting in market proliferation.

The increase in adoption of these in packaging due to their temperature resistivity and high stability propels the polyester hot melt adhesives market. The rising customer preference for packaged food, dairy products, fruit juices, and bottled water has bolstered the expansion of the packaged food and beverage industry worldwide, and will fuel the market growth in the coming years.

The increase in consumption of polyester hot melt adhesives is ascribed to the rise in preference for lightweight automobiles, resulting in polyester hot melt adhesives market boom. Moreover, the automobile industry depends on mechanical fasteners such as welds, bolts, and nuts to bond automotive components and parts. The surge in using such accessories results in rising in vehicles’ weight, and hence affects fuel efficiency. Therefore, massive adoption of lightweight vehicles has been witnessed resulting in market proliferation.

In the last few years, the polyester hot melt adhesives market players have entered into strategic agreements to expand their consumer base. For example, Bühnen GmbH & Co. KG partnered with GLS Products LLC in the U.S. to expand the business in North America, in September 2019. The key players in the market are Mitsubishi Chemical Corporation, Sipol S.p.a., Evonik Industries AG, and Bostik S.A.

India Industrial Aerosol Market: Trends, Growth, and Key Players

The major drivers in the India industrial aerosol market are the skyrocketing investments in the research and development in the Indian manufacturing sector, extensive government support, and surging application of aerosolized products in automotive plants as well as garages and repair shops. Therefore, the sale of such products across the country will collectively fetch companies $115.85 million by 2030.

The COVID-19 virus spread like wildfire, infecting millions worldwide. Because aerosols are heavily utilized in the form of paints, greases, lubricants, maintenance sprays, and cleaning products in the manufacturing sector, the demand for them was seriously impacted.

Spray paints are the most-significant application in the India industrial aerosol market share. This is largely due to the Indian population’s increased purchasing power, which is driving the demand for spray paints with an aerosol base in auto manufacturing facilities and in repair shops and garages. The spray paints category will potentially grow in the coming years because of the economic viability and versatility of spray paints. There is a rising utilization to re-spray or restore aviation and automotive components. Additionally, there is a surging application of spray paints to fill the scratches in industrial machinery.

The growth of the players in the India industrial aerosol market is essentially due to the uptick in the sales of quadricycles, two-wheelers, three-wheelers, commercial vehicles, and passenger cars. Moreover, there is a significant increase being observed in the count of vehicles produced, the Society of Indian Automobile Manufacturers says. Similarly, as per the IBEF research in 2020, car demand is predicted to increase owing to an increase in the youthful population and in the disposable income of the middle class, which would propel the demand for such products in the next years.

The manufacturing industry of the country is expanding robustly due to increased demand for consumer electronics and electronic appliances, as well as machinery and electrical equipment as per the IBEF. This will spur the India industrial aerosol market growth. Furthermore, according to government sources, substantial development has been noted in the beauty and cosmetics industry of the nation over the last several years as a result of growing per capita income, which is leading to increased personal expenditure.