Global Industry Trends

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. A...

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 ma...

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 catastro...

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, Governme...

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 In...

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 expon...