Growing Healthcare Expenditure Propelling Non-Woven Adhesives Market Progress

The global non-woven adhesives market revenue stood at $2.0 billion in 2020, and it is predicted to surge rapidly between 2021 and 2030 (forecast period). The market is being propelled by the growing use of non-woven adhesives in baby care, adult incontinence applications, feminine hygiene products, rising public awareness about high-quality products, and mushrooming requirement for these adhesives in the textile industry. According to various reports, the healthcare business had a value of $8.5 trillion in 2018 and the global healthcare expenditure is expected to surpass $10 trillion by 2022.

This is predicted to push up the demand for non-woven adhesives, as these products provide safe and secure fixation, exhibit high absorption, and offer sterile dressing which massively mitigates the chances of contamination and ensures greater wound protection. Apart from this factor, the ballooning population of geriatric people is also fueling the expansion of the non-woven adhesives market. According to the World Population Aging 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years and above will rise from 727 million in 2020 to more than 1.5 billion by 2050.

As geriatric people need adult diapers, which consist of non-woven hygienic adhesives, especially in developed nations, such as Japan, Western European countries, and the United States. In these countries, the industry for adult diapers is bigger than the industry for infant diapers. Depending on type, the non-woven adhesives market is divided into styrenic block copolymer (SBC), polyalpha olefin (APAO), and ethylene vinyl acetate (EVA). Amongst these, the APAO category contributed the highest revenue to the market in the past, and it is predicted to demonstrate rapid expansion in the forthcoming years.

This is attributed to the growing per capita income and low labor and material costs, which are fueling the development of hygiene product and non-woven adhesive producing facilities in the region. The players operating in the non-woven adhesives market are actively focusing on expanding their production capacities in order to cater to the rising consumer requirements. For example, Henkel Adhesives Technologies India Pvt. Ltd. unveiled a new production facility in Kurkumbh, India in February 2020, with an investment of nearly $57.0 million.

Hence, it can be safely said that the demand for non-woven adhesives will rise sharply in the coming years, primarily because of the surging healthcare spending, rising public awareness about various hygiene products, and growing geriatric population all over the world.

Why Is Construction Sector Shifting to 3D Printing Construction Material?

The Advancing Sustainable Materials Management: 2018 report released by the U.S. Environmental Protection Agency (EPA) reveals that the construction sector of the U.S. generated 600 million tons of construction and demolition (C&D) debris in 2018. Likewise, the Center for Science and Environment (CSE) estimates that building repair in India produces 40–50 kg of C&D waste per square meter. The CSE also states that the country generates 150 million tons of C&D waste each year. 

The surging need to reduce C&D debris, owing to the mounting environmental concerns, will, therefore, help the 3D printing construction market flourish between 2021 and 2030. According to P&S Intelligence, the market generated a revenue of $15 million in 2020. Construction companies are shifting from traditional construction methods and materials to 3D printing construction methods and materials to minimize wastage as 3D printers use materials that are lighter than conventional building materials.

Additionally, the mounting investments being made in renewable energy infrastructure will also steer construction companies toward 3D printing construction technology. For example, the Government of India approved the construction of 60 solar cities and made an investment of $1.3 billion in 50 solar parks in 2020. Similarly, the Government of Canada invested $1.67 million in Power. House Hybrid: Minimizing Greenhouse Gases (GHGs) and Minimizing Grid Benefits project in 2019 and $4.3 million in Slemon Park Microgrid Project of the country in 2020.

Globally, the Asia-Pacific region dominated the 3D printing construction market in the last few years due to the presence of numerous construction firms in regional countries. Additionally, the increasing number of commercial, industrial, and residential buildings using sustainable methods and the rising focus of the building and infrastructure sectors on research and development (R&D) activities will accelerate the adoption of 3D-printable construction materials in the region. Among APAC countries, Japan and China are the dominant users of 3D printing technology in construction activities.   

Thus, the increasing need to reduce C&D waste to mitigate environmental degradation and soaring investments being made in renewable energy infrastructure will propel the use of 3D printing construction materials and methods in the forthcoming years.

How Is Urban Population Propelling Non-Destructive Testing and Inspection Use?

The Population Division of the U.N. Department of Economic and Social Affairs (UNDESA) predicts that the global urban population will rise by 2.5 billion by 2050, in comparison to the 2018 population. The 2018 Revision of World Urbanization Prospects reveals that nearly 68% of the world population will reside in urban localities by 2050. As per this report, 90% of this surge will be recorded in Asia and Africa. The rising urban population will result in the large-scale construction of residential and commercial structures globally.

Thus, the increasing construction activities will help the non-destructive testing and inspection market progress during 2021–2030. According to P&S Intelligence, the market generated a revenue of $9 billion in 2020. Construction companies use NDT inspection methods to detect and assist in the repair of corrosion and cracks to avoid any unprecedented damage. The adoption of this testing method helps prevent road or bridge closure or a potential catastrophic failure. Owing to these advantages of NDT and inspection methods, construction firms are using them for infrastructure inspection and structural health monitoring.

In contemporary times, the non-destructive testing and inspection market has been dominated by NDT Global GmbH, Cygnus Instruments Ltd., Fischer Technology Inc., Bosello High Technology srl, T.D. Williamson Inc., Sonatest, Eddyfi NDT Inc., Magnaflux Corporation, SGS S.A., Ashtead Technology, Nikon Corporation, MISTRAS Group Inc., Olympus Corporation, and General Electric Company. In recent years, these companies have engaged in the introduction of novel products and services. For example, in March 2021, Nikon Corporation introduced a new CT/X-ray system, which is equipped with half-turn CT, rotating target 2.0, auto filament control, local calibration, and quick-change features. 

In the coming years, the Asia-Pacific region will emerge as a significant user of NDT and inspection services, equipment, and methods. This will be on account of the improving infrastructure sector and increasing automation in the manufacturing industry of India and China. The aerospace and defense, oil and gas, and construction industries use these testing methods to ensure work quality and employee safety, as NDT helps protect staff and equipment and assists enterprises in following the regulations and requirements. 

Therefore, the rising construction activities and soaring infrastructure investments will accelerate the use of NDT and inspection methods in the forthcoming years. 

How Is Automotive Sector Pushing Methylene Chloride Sale?

The International Organization of Motor Vehicle Manufacturers (OICA) states that 1,427,074 vehicles, 3,506,774 vehicles, 447,218 vehicles, 3,176,600 vehicles, 691,286 vehicles, 3,394,446 vehicles, 25,225,242 vehicles, and 2,014,055 vehicles were manufactured in Thailand, South Korea, South Africa, Mexico, Indonesia, India, China, and Brazil, respectively, in 2020. The surging automobile production in developing countries is creating an extensive requirement for paints and adhesives, owing to which the consumption of methylene chloride will rise in the foreseeable future.

Additionally, the expanding construction industry, on account of the soaring focus of numerous governments on infrastructure development, will also help the methylene chloride market exhibit a CAGR of 5.4% during 2018–2023. According to P&S Intelligence, the market revenue will escalate from $1,818.3 million in 2017 to $2,485.5 million by 2023. For example, the Department for Infrastructure and Transport, Government of South Australia, is working on Adelaide's North-South Corridor, Former Royal Adelaide Hospital, Granite Island Causeway Project, and Riverbank Entertainment Precinct.

Moreover, the surging requirement for auxiliary blowing agents will also accelerate the consumption of methylene chloride in the upcoming years. This compound is being used as an auxiliary blowing agent in the production of flexible slabstock polyurethane foam in the furniture and bedding industry because it provides softer foam than fluorocarbon. Additionally, the usage of methylene chloride as an auxiliary agent helps several end-use industries conduct research, reduce production costs, and explore numerous productive ways to cater to the needs of customers efficiently. 

Globally, the Asia-Pacific led the methylene chloride market in the recent past. This was on account of the booming population, the flourishing pharmaceutical industry due to the surging focus of governments on providing health services at affordable prices, and the growing infrastructure sector in the region. Additionally, the widening production base, increasing number of industrial plants in developing countries, and expanding application bases, such as metal cleaning and food and beverages, will also facilitate the consumption of methyl chloride in the region.  

Thus, the rising automobile production and adoption in developing countries, the booming construction sector, and the increasing requirement for auxiliary blowing agents will facilitate the consumption of methylene chloride in the forthcoming years.

Read More: https://www.psmarketresearch.com/market-analysis/methylene-chloride-market

Why Are Lubricants Vital for Industries?

Wherever there are mechanical objects at work, there are friction and wear and tear due to their constant contact with each other. This is why lubricants are so important in factories and other industrial settings. Wear and tear and the heat generated due to friction are the major forces behind the breakdown of machines. Apart from leading to the need for regular maintenance and overhauling, these forces also lead to a high fuel and electricity consumption, by making the machine work harder to do the same thing.

Hence, considering the burgeoning manufacturing output around the world, P&S Intelligence sees a bright future for the industrial lubricants market ahead. The rising population is leading to the increasing demand for all kinds of products, which is giving a boost to the manufacturing sector. Additionally, governments of numerous nations are encouraging manufacturers to set up their plants there. Some of the efforts made in this regard are the Made in China 2025, Make in India, and Making Indonesia 4.0 initiatives.

Therefore, be it automotive, aerospace & marine, pharmaceutical & medical device, food & beverage, defense, chemical & polymer, metal & mining, building & construction, wood & furniture, electrical & electronics, textile & clothing, consumer products (including cosmetics & personal care), or power & energy (including oil & gas exploration & production), every industry is growing around the world. This is being seen in the rapid construction of manufacturing plants and expansion of the existing ones. Therefore, with more machines in use around the world, the consumption of lubricants is increasing as well.

Seeing the continuous rise in the number of industrial spaces, even lubricant manufacturers have shifted their production base to APAC countries. This has allowed them to leverage the cost advantages and target a wider consumer base easily. This is being aided by the government measures that seek to boost manufacturing capacity and reduce their reliance on imports. For instance, the Indian government now allows 100% foreign direct investment (FDI), to boost industrial production.

Therefore, as the industrial sector grows, so will the demand for various kinds of lubricants to keep the machines running smoothly.

Food and Beverage Companies Using Chitosan as Food Preservative to Reduce Toxicity

Chitosan refers to a semisynthetic material that is obtained through the deacetylation of chitin. It comprises N-acetyl-glucosamine (acetylated monomer) and glucosamine (deacetylated monomer) monomers, which are linked through β-,4 glycosidic bonds. At present, a considerable volume of this material is used as food preservative to extend shelf life of perishable food items, owing to its non-toxic property. Unlike traditional preservatives, such as formalin, chitosan is more biocompatible and does not lead to cancer, lung diseases, and skin disorders.

Thus, the increasing use of chitosan as food preservative will support the chitosan market growth during the forecast period (2021–2030). Moreover, the surging use of this chemical in drug delivery systems, on account of its ability to reduce enzyme degradation, facilitate the uptake of drugs by target tissues or cells, prolong cycle time, and increase water solubility and stability of drugs, will also contribute to the market growth exponentially. According to P&S Intelligence, the market generated $1.8 billion revenue in 2020.

In addition, the biochemical industry also uses chitosan as a vital raw material for bioactive agents, due to its biocompatibility. Biochemical companies use this material to produce bioactive materials like films, sponges, hydrogels, and fibers. Apart from the food and beverage and biochemical industries, a large quantity of chitosan is also used in the cosmetics, agriculture, and water treatment industries. Furthermore, this semisynthetic material is used in the production of protective clothing and fiber reinforcement composites. Moreover, industrial, food, and pharmaceutical grade chitosan used by end users are derived from multiple sources of chitin. 

The source segment of the chitosan market is classified into shrimp, lobster, crab, prawn, and others, such as squids, krills, fungi, and centric diatoms. Under this segment, the shrimp category accounted for the largest market share in 2020, and it is also expected to continue witnessing this trend throughout the forecast period. This can be owed to the high content of chitin in shrimp shells and extensive demand for shrimp chitosan from water treatment plants. Additionally, the increasing use of shrimp chitosan as an ingredient in food preservatives will also contribute to the market growth in this category, globally.

Globally, the Asia-Pacific chitosan market generated the highest revenue during the historical period (2015–2020), and it is also expected to exhibit the fastest growth during the forecast period. This can be credited to the surging focus of market players on R&D and the increasing prevalence of chronic diseases in the region. Additionally, the mounting investments being made by private and government organizations of India, China, and Malaysia in the water treatment sector will also steer the demand for chitosan in APAC.

Therefore, the surging need for non-toxic food preservatives and the burgeoning demand for bioactive materials are expected to fuel the consumption of chitosan across the world.