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Showing posts from October, 2022

Sales of Industrial Adhesives Market will cross the milestone of US$ 78 Bn by 2030

 Expanding at a CAGR of  4.5%  the global  sales of Industrial Adhesives  is expected to increase from a valuation of  US$ 52,862.0 Mn  in 2021 to  US$ 78 Bn  by the end of 2030. Manufacturing and industrial facilities from numerous verticals require specialized adhesives for production and product quality. As a result, the demand for industrial adhesives has risen steadily in years past. However, the coronavirus pandemic has had a substantial impact on industrial activity on a global scale, generating a slight decline in demand during 2020. A key factor driving global demand for industrial adhesive products is the growing scope of applications in the packaging, electronics, and automotive sectors, along with investments into product development for greater functionality, bolstering overall adoption rates. The report by Future Market Insights gives in-depth insights on the sector in terms of revenue and sales projections ...

Two-Wheeler Lubricants Market Outlook, Current and Future Industry Landscape Analysis by 2028

Future Market Insights (FMI), in its new publication, offers actionable insights on future prospects of the ‘ Two-Wheeler Lubricants Market ’ for the period between 2022 and 2028. As per the study, the global sales of two-wheeler lubricants reached ~2,300 KT, equaling revenues worth US$ 16.94 Bn in 2022. The emergence of two-wheelers as a primary mode of transportation in developing countries has been weighing on the same scale as the rapid adoption of two-wheeler lubricants. However, growing prominence of electric vehicles, in the view of increasing consumer interest towards a carbon-free future via zero-emission transport, may pose as a potential threat to the market growth. Meeting ever-tightening VOC emission limits while maintaining the durability of the vehicle component has been a hard balance to strike for the two-wheeler lubricants market players. FMI study finds that manufacturers are heavily investing in the development of additive technology that not only ensures th...

Bioresorbable Polymers Market Set to Witness an Uptick Size USD 5 Billion to 2032

The global  Bioresorbable Polymers market  is anticipated to garner US$ 5 Billion while expanding at a CAGR of 13% during the forecast period. The market is estimated at US$ 1.3 Billion in 2021 and US$ 1.47 Billion in 2022. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry’s growth. Bioresorbable polymers can biodegrade inside the human body, which permits physicians to eradicate the necessity for the following surgery to eliminate temporary implants. It also minimizes the post-surgery risk to the patient without causing a threat to the patient’s body. Owing to these factors, the product is finding wide application in the healthcare industry for the manufacturing of stents and other implants. In recent years, the demand for bioresorbable polymers has burgeoned at a significant rate, backed by the growing health concerns among consumers. Consumers do not want to take unne...

Epoxy Paints Market likely to be estimated at US$ 36.38 Bn by 2032

  Epoxy Paints Market likely to be estimated at US$ 36.38 Bn by 2032 Epoxy resins which are also known as polyepoxides belong to the category of reactive prepolymers and polymers that contain the epoxide group.  Epoxy resins  are one of the most versatile compounds that are widely used in the orthophthalic and polyester family. Epoxy resins usually react either with themselves or with other co-reactants which include phenols, acids, alcohols, polyfunctional amines and thiols among others. Epoxy resins are either low molecular weight pre-polymers or high molecular weight polymers which usually contain at least two epoxide groups. The epoxide group is also known as oxirane and glycidyl group. The raw material required to industrially manufacture epoxy resins are largely derived from petroleum. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated mark...

Antimony Market to reach USD 2.9 Billion by 2032 – Future Market Insights

Non-metallic form of antimony is grey powder. Antimony is a chemical element and exists in both metallic and non-metallic forms. The metallic form is bright silver and brittle material.  Antimony  is a stable element in dry air and is inert to acids and alkalis. Antimony expands on cooling and is a bad conductor of electricity and heat. Antimony is among the oldest known element to mankind and has been used for varied applications since 4000 BC. Antimony is available freely in nature and also can be extracted from ores such as valentinite and stibnite. The global antimony market is likely to be worth US$ 2 Billion in 2022 and is expected to reach USD 2.9 Billion by 2032, growing at a 4% CAGR from 2022 to 2032. Elemental antimony is present in relatively small amount owing to high reactivity of antimony with sulfur, lead, silver and copper. Stibnite is the commonly used ore for extracting antimony, ores of antimony are crushed and then antimony is hand sorted from...

Fire Retardant Coatings Market Analysis by Sales, Demand, Growth, 2032

During the projected period, the  fire retardant coatings market  is expected to grow at a CAGR of 6%, reaching a market share of US$ 9.17 billion in 2032, up from US$ 4.83 billion in 2021. There is a substantial demand for fire retardant coatings due to the clear expanding infrastructure of the industrial and commercial sectors, as well as associated electric supplies and operations, such as fireplaces, where the risk of accidents is higher. Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of combustion process. Additionally, fire retardant coatings required relatively low maintenance cost – this is one of the superior property of fire retardant coatings for gaining acceptance in several end use industries. Fire retardant coatings have been formulated in numerous types depending upon base composition and substrate type. According to composition, fire retardant coatings are generally boron-based a...

Ceiling Tiles Market Outlook, Current and Future Industry Landscape Analysis by 2031

The global  ceiling tiles market  will witness stellar growth at 10% CAGR over the forecast period (2021-2031). High net worth income of consumers in developed economies, along with spurring renovation activities, would contribute substantially to overall market performance, projects a new Future Market Insights (FMI) study. Sales of ceiling tiles are projected to inflate at an unprecedented rate on the back of soaring demand from building & construction industry. A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products.  For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles. “Consumers have greater predilec...

Structural Adhesives Market worth US$ 16.1 bn, growing at a CAGR of 5.6% by 2028 according to a new research report

The global structural adhesives market enjoys a valuation of US$ 11.6 Bn in 2021, and is predicted to expand at a steady CAGR of 5.6% and reach a net worth of US$ 16.1 Bn by the end of 2028. As per the latest survey by FMI, the global structural adhesives market   is estimated to top US$ 11.6 Bn in 2022 . Increasing applications of structural adhesives in lamination, flooring, roofing, and coating across the construction sector are fueling the demand in the market. Demand for fuel-efficient and electric vehicles is rapidly increasing across the world with increasing fuel costs. Hence, automotive manufacturers are emphasizing on using lightweight materials such as composites, plastic, and others to enhance the fuel efficiency of vehicles. As per FMI, the market is anticipated  to reach US$ 16.1 Bn by 2028 . As structural adhesives play a crucial role in bonding substrate materials such as plastic and composites, increasing demand for lightweight m...

Precast Concrete Market Set to Witness an Uptick Size USD 172.7 Bn to 2030

 The global  Precast Concrete Market  will grow at  5.4% CAGR  during the forecast period (2020-2030), as projected by a new Future Market Insights (FMI) study. Surge in offsite construction activities to reduce material wastage and achieve cost efficiency continues to primarily drive the demand for precast concrete. Infrastructure development in emerging countries such as India, Indonesia, China, and Brazil provides a strong impetus to the demand for precast concrete. There is a global shift among building & construction methods as precast concrete manufacturers innovate production techniques. The reusability of molds, when coupled with advancements in material science, forms a profitable basis for market players to garner customers. Increasing preference for precast concrete products on the back of superior quality, enhanced structural integrity, and cost efficiency continues to drive gainful opportunities for market players. Major organizations a...

Textile Staples Market to Exhibit Total Revenue of US$ 275.48 Bn by 2032 Attributing to the Widespread consumption of Natural Staple Fibers - Future Market Insights

  Textile Staples Market to Exhibit Total Revenue of US$ 275.48 Bn by 2032 Attributing to the Widespread consumption of Natural Staple Fibers - Future Market Insights The global  textile staples market  is expected to witness lucrative growth opportunities over the projection period from 2022 to 2032 with sales projected to surge at a CAGR of 5.5%. The global market is valued at US$ 1,61,280.2 Mn in 2022 and is anticipated to reach US$ 2,75,489.9 Mn by 2032. The growth in the market is attributed to the widespread consumption of textile staples in several end-use industries such as apparel, general and leisure, sportswear, interior flooring, and others is expected to push the sales during the forecast period. According to Future Market Insights, historical analysis of the global textile staples market surged at a pace of 5.0% CAGR from 2012 to 2021. According to the present estimations, the global market is poised to expand at a 5.5% CAGR between 2022 and 2032. Key Takeaw...

Ceiling Tiles Market Outlook, Current and Future Industry Landscape Analysis by 2031

  The global  ceiling tiles market  will witness stellar growth at 10% CAGR over the forecast period (2021-2031). High net worth income of consumers in developed economies, along with spurring renovation activities, would contribute substantially to overall market performance, projects a new Future Market Insights (FMI) study. Sales of ceiling tiles are projected to inflate at an unprecedented rate on the back of soaring demand from building & construction industry. A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products.  For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles. “Consumers have greater predi...

Aramid Fiber Market poised to reach a valuation of US$ 6.4 Billion by 2032

  The global   aramid fiber market   is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022. The global aramid fiber market is being driven by the rising necessity for extremely lightweight polymers from the automobile and armed services & defense sectors for a variety of applications. Additionally, the restrictions pertaining to the reduction of carbon emissions force a number of industrial participants to search for substitute reinforced fibers have fueled the growth aramid fiber market growth even more. Several industrial protection products is the major application segment of the global aramid fiber market, which is also anticipated to rise positively, thanks to the rising usage of the aromatic polyamides in personal protective gears especially that is...