Chemicals and Materials Archivi - Pagina 7 di 8

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.

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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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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.

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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.

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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

How Is Infrastructure Development Propelling Waterproofing Chemical Demand?

Waterproofing chemicals are usually used to protect buildings from water seepages because seepages can reduce the lifespan of a structure and can cause health, metal, and electrical hazards to the building’s owner. These chemicals enhance the durability of infrastructure and increase the shelf life of concrete structures when applied to the exterior of the buildings. Owing to these advantages, the waterproofing chemicals help in reducing the maintenance of buildings. Thus, the increasing construction of housing units and commercial structures, owing to the booming population, will fuel the consumption of such chemicals in the forthcoming years.

Additionally, the rising global focus on strengthening the construction and manufacturing industries, owing to the surging focus on policies such as “Zero Effect and Zero Defect” will also fuel the usage of waterproofing chemicals across the world. Moreover, the soaring focus of regulatory authorities to set up pollution control guidelines and create a model that incentivizes green and energy-efficient buildings will augment the consumption of such chemicals in the construction sector. For example, the Indian Green Building Council (IGBC) works toward providing infrastructure tools that encourage the adoption of green building practices in India.

Styrene-butadiene-styrene (SBS), atactic polypropylene (APP), polyvinyl chloride (PVC), thermoplastic polyolefins, and ethylene propylene diene monomer (EPDM) are the most common types of waterproofing chemicals being used in roofing, building structures, walls, and landfills and tunnels. The construction and manufacturing sectors procure such chemicals from Pidilite Industries Limited, Evonik Industries AG, Thermax Limited, Fosroc, Zeon Corporation, BASF SE, Mitsubishi Chemical Holdings Corporation, Sika AG, Bostik Inc., and The Dow Chemical Company.

Geographically, Asia-Pacific (APAC) led the waterproofing chemicals market in the preceding years, and it is also expected to consume these chemicals at the highest rate in the upcoming years. This can be owed to the expanding consumer base, increasing compliance of the manufacturing industry with international standards, and soaring investments in the infrastructure sector, in the region. Among APAC nations, China uses the highest volume of waterproofing chemicals, due to the presence of a wide manufacturing base and increase in construction of numerous infrastructure units in the country.

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Why are Worldwide Sales of Nanoporous Materials Booming?

Nanoporous materials are basically materials that comprise a regular organic or inorganic framework which reinforced a regular porous structure. These pores generally have a size of around 100 nanometers or sometimes even smaller. Most of these materials are classified as membranes or bulk materials. As nanoporous materials have large surfaces, they exhibit excellent catalytic and absorbent properties, which make them highly suitable for use as absorbents and catalysts. Moreover, some organic nanoporous materials can be made artificially.

According to the International Union of Pure and Applied Chemistry (IUPAC), nanoporous materials are segregated into three segments namely microporous materials with a pore size in the 0.2–2nm range, mesoporous materials with pore size in the 2–50nm range, and microporous materials with pore size more than 50nm. Nanoporous materials are also used in ion-exchange applications. Moreover, they are needed in nano reactors, guest-host interaction, and low dielectric constant mediation. In addition, they are extensively used in biomedical applications for preventing bacteria and decontamination, slowing down drug release, and filtration in hemodialysis.

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Amongst these, the requirement for these materials was found to be the highest in petroleum refining in 2015. This was because of their catalytic and absorbent characteristics. The most widely used types of nanoporous materials are zeolites (natural zeolites and synthetic zeolites), activated carbon (granular activated carbon and powdered activated carbon), clays, activated alumina, and silica gel. Amongst these, the demand for zeolites materials was the highest in the past years, while the sales of the clay materials were the highest during the past few years.

Hence, it can be said without hesitation that the sales of nanoporous materials will soar all over the world in the coming years, mainly because of their mushrooming usage in various end-use industries, such as chemicals, petroleum, and food and beverages.

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Overview About India Mold Release Agent Market

In order to stop a substrate from adhering to a molding surface, mold release agents are utilized. The casting material would bond to the mold without a mold release barrier. This may significantly impact the quality and efficiency of the molding procedure.

India’s market for mold release agents has a bright future since there are prospects in the rubber, die casting, tire, plastic, concrete, and food processing industries. Mold release agents are increasingly being used in die casting, tire, and plastic applications, which is one of the main development factors for this industry.

Emerging trends like the increasing switch to water-based release agents and the rising popularity of baked goods made without gluten directly influence the dynamics of the mold release agent market.

Influencing Factors for Indian Mold Release Agents

The main trend in the industry over the past few years has been moving away from solvent-based mold release agents and water-based mold release agents. Water-based mold release solutions don’t include any solvents or dangerous chemicals that might endanger the environment or people.

Because there is such a sizable untapped market in India, the electrical and electronics industry there has tremendous development potential. The sector is anticipated to increase as a result of rising disposable incomes and increasing demand for technological goods.

Due to the accessibility of cheap labor, global players are also looking to invest in India for electronics R&D and manufacturing.

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Indian Mold Release Agent Segmentation Analysis

Mold release agents that are water-based predominate on the market in terms of kind. In contrast to solvent-based mold release agents, water-based mold release agents have a low concentration of mutagens, VOCs, and carcinogens.

In the upcoming years, strict limits for VOC emissions are anticipated due to the rapid rise in environmental concerns. This will certainly encourage the development of water-based mold release agents.

Historically, the market was controlled by polyurethane processing. This is attributed to the significant volumetric need for polyurethane-based products from sectors including the construction, automotive, and footwear industries.

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APAC is Dominating Nitrile Butadiene Rubber Market

The nitrile butadiene rubber market has captured $2,170.8 million in revenue in 2021, and it is projected to advance at the rate of 4.6% from 2021 to 2030, to capture $3,258.9 million in revenue in 2030, as per a research report by a P&S Intelligence. This is accounted to the snowballing demand for this material from the medical, automotive, oil, and gas industries, which need oil resistance.

In 2021, China dominated the regional market as the largest stakeholder, because of the increasing need for this material from the automotive sector. The nation is also one the biggest manufacturer of both consumer and industrial goods globally.

In 2021, the automotive industry had the largest share nitrile butadiene rubber market at approximately 38.8%. NBR has applications in automobile injection-molded and lathe-cut seals, cables, O-ring seals, and other components that require to handle extreme corrosion and temperatures.

The O-rings aid in sticking the joints between two parts and avoids leakage within the car. With the growth in the acceptance of EVs, coupled with technological enhancements, the automotive industry is observing growth, which will eventually propel the industry.

The Hoses category is projected to grow at the highest pace of around 5% in the coming years. Manufacturers can make innovative items such as nitrile buna-N rubber’s properties can be changed by changing the quantity of acrylonitrile. If wanted it can be more elastic, more abrasion resistant, more heat resistant, and very tough to break.

Therefore, the snowballing demand for this material from the medical, automotive, oil, and gas industries, which need oil resistance will drive the nitrile butadiene rubber market in the future.

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Rising Prevalence of HAIs Propels Medical Device Coating Industry

The medical device coating industry has garnered $7,861.4 million revenue in 2021, and it is projected to rise at a 7.6% CAGR from 2021 to 2030, to generate $15,165.9 million revenue in 2030.

The industry expansion is attributed to the growing awareness on minimally invasive device usage, ascribed to their high success rate. In addition, the rising frequency of healthcare-associated infections, including ventilator-associated pneumonia, and catheter-associated urinary tract infections propels the antimicrobial coatings on medical devices.

The rising elderly population, surging healthcare-related challenges, and growing demand for implants boost the industry growth. In addition, the rising requirement for early detection of diseases is projected to boost the medical device demand, which is projected to fuel the industry growth in the near future.

The healthcare-relevant devices provide patient safety, and hence it is essential for manufacturers to offer the infection-resistant and best-suited material for implants and devices. The metal-based coatings on medical devices hold the largest industry share, due to their wide usage. They are projected to experience the fastest growth, of approx. 7.9% in the coming future.

The metals used in coating materials such as silver for titanium for orthopedic implants, silver for implantable devices, and gold for cardiovascular stents. Similarly, ceramic-based coatings decrease device-associated costs, including forceps, spatulas, scissors, and specific implants.

The R&D in bio-ceramic technology is projected to improve ceramic-coated implants, which are highly durable and low-cost.

The FDA and other regulatory authorities are increasingly focusing on coated medical devices, led by growing prevalence. Manufacturers adopt measures to enhance device safety, including appropriate coatings incorporation, and thus cause industry propulsion.

North America holds the largest industry share, and it is projected to generate $5,408.5 million revenue in 2030. It is ascribed to rising improvement in medical device technology and easy access to better equipment and care. In addition, the rising penetration of healthcare facilities, such as diagnostic centers, and surging investments in healthcare R&D, result in a boom in the industry in the region.

Therefore, the rising prevalence of HAIs fuels the medical device coating industry’s growth.

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