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District Cooling Market, By Technique (Free Cooling, Electric Chiller, Absorption Cooling), Application (Residential, Commercial, Industrial) - Global Market Trends & Industry Forecasts Upto 2023

The total district cooling market is valued at $ 5.6 billion as on 2018 and is likely to reach $ 10.23 billion by the end of 2023, growing at a CAGR of 14.1%. The district cooling market is will bolstered as it offers various benefits such as it helps in capital cost savings by 8%, around 50% reduction of electric power consumption and reduction of CO2 and refrigerant emissions by 60-70% and good operational efficiency as compared to other cooling technologies when it used in highly dense areas. The factors driving the district cooling market are energy efficient cooling technology. Recently, United Nations has considered district cooling as the most energy efficient technology as it aids in preserving energy and water. The major issues faced in this market are risk of early investments, and initial high capital costs. In 2018, the district cooling market is dominated by Middle East & Africa market followed by North America and then Asia-Pacific. The Middle East will experience the highest growth rate during the forecast period as district cooling offers various advantages such as high cooling density, more cost efficient than conventional cooling, more energy efficient, no harmful impact on the environment. By 2030, if district cooling is properly employed, then it can fulfill 30% cooling needs of GCC countries. The district cooling market has been segmented on the applications i.e. residential, commercial and industrial. In 2018, the residential segment will experience high growth in the next five years where as commercial segment will account for the highest growth rate. The commercial segment will experience the highest growth rate due to increasing demand of district cooling in hotels, molls etc. The growth in district cooling market is influenced by investments and major expansion plans. In 2018, UAE based National Central Cooling Company (Tabreed) and the Masdar Institute of Science and Technology, completed three years R& D project in district cooling plant. Some of the prominent players in the market are Empower, National Central Cooling Company PJSC (Tabreed), Semens AG, District Cooling Company LLC, Qatar Coolol, Danfoss District Energy A/S, ADC ENERGY SYSTEMS LLC, Keppeldchs PTE Ltd, Marafeq Qatar, Logstor. ...

 3/2/2018 |  Chemicals & Materials


Bio-Fertilizers Market, By Type (Nitrogen Fixing, Phosphate Solubilizing, Potash Mobilizing), Application (Seed, Soil), Crop Type (Fruits & Vegetables, Cereals & Grains, Pulses), Microorganism (Azotobacter, Azospirillium & Others) – Global Market Trends & Forecasts Upto 2023

The total bio-fertilizers market is projected to witness a growth rate of 14.2% from 2017-2023. The market is expected to reach $ 2.8 billion by 2023. Increasing awareness about maintaining soil fertility and adopting environmentally friendly techniques is a major factor behind the bio-fertilizers market growth. There are many benefits associated with bio-fertilizers such as less soil & water contamination, better endurance with seeds & soil, increasing the range of nutrient absorption in soil, etc. Soil fertility management techniques have received certain importance due to the rising demand for food and the loss of arable land, globally. Severe health impacts as well as contamination of soil, water, and air have been observed due to the use of synthetic or chemical fertilizers. Such hazardous impacts of synthetic fertilizers and the growing demand for food boosts the market growth of bio-fertilizers. In 2017, Cyanobacteria is the most popular segment in terms of microorganisms, which accounted for the largest market share in the bio-fertilizers market. Cyanobacterial bio-fertilizer harnesses basic natural inputs such as nitrogen, water, and solar energy to ensure as well as enhance soil fertility and plant growth. Phosphate soluble bacteria are expected to witness the fastest growth during the forecast period, due to its need to increase the P2O5 content in soil. By crop type, cereals and grains was observed as the leading segment as it constitutes the basic food elements of people. In terms of form of bio-fertilizers, liquid formulations that consist of the desired micro form of nutrients, organisms, etc., which promotes the formation of resting spores, was the largest market segment in 2017. Liquid bio-fertilizers are forbearing to UV radiations and high temperature. They have a shelf life of approximately two years, which are applied using fertigation tanks, hand sprays, etc. The liquid bio-fertilizer is projected to witness the highest growth rate during the forecast period due to high enzymatic activity and high acceptance rate amongst consumers. North America was the largest market for bio-fertilizers in 2017. The growing awareness of consumers regarding harmful health impacts caused due to chemical fertilizers and the growing culture of organic farming drive the market growth in the region. The ban of certain chemicals such as glyphosate, atrazine, chlorpyrifos, 2,4-D, etc., has stimulated the requirement of bio-fertilizers in the region. Asia-Pacific has adopted environmentally friendly techniques of farming. However, a dearth of knowledge and awareness as well as availability of low cost chemical fertilizers limits the usage of bio-fertilizers in several countries of Asia-Pacific. Companies across the globe are spending extensively on R&D to provide their customers with beneficial bio-fertilizers. Some of the leading manufacturing companies include Biomax, Camson Bio Technologies Limited, Gujarat State Fertilizers & Chemicals Ltd, Lallemand Inc, Madras Fertilizers Limited, Novozymes A/S, National Fertilizers Limited , Nutramax Laboratories, In, Rizobacter Argentina S.A., Rashtriya Chemicals & Fertilizers Ltd., T.Stanes & Company Limited, Agri Life, CBF China Bio-Fertilizer AG, Kiwa Bio-Tech Products Group Corporation, Krishak Bharati Cooperative, & others....

 3/2/2018 |  Food & Beverage


Building Thermal Insulation Market, By Material (Plastic Foam, Glass Wool, Stone Wool, Polystyrene Foam, Polyurethane Foam), Building Type (Residential, Non-Residential), Application (Pitch Roof, Flat Roof, External Walls, Internal Walls, Floor, Cavity Wall) - Global Market Trends & Forecasts Up to 2025

The building thermal insulation market is estimated to account for USD 25.8 billion in 2017, and is projected to grow at a CAGR of 3.25% to reach USD 31.2 billion by 2023. Stringent regulations pertaining to reduction of GHG emissions in North America and Europe are primarily driving the building thermal insulation market. The opportunities for players in the BTI market lies in exploring the untapped market in the emerging economies and launching better energy efficient products. [<<img 3.png>>] In the building thermal insulation market, with respect to materials, plastic foams is the leading segment. Its demand is prominent in the Asia-Pacific market along with significant consumption in the European countries. The superior properties of plastic foams, such as low thermal conductivity, high strength, and lifespan, and versatility have been driving its demand over the years. Among the varieties of plastic foams, Expanded polystyrene (EPS) is expected to be the fastest growing segment with a CAGR of 4.0-4.5% for the next five years until 2023. Low thermal conductivity (high R-value) of EPS’ enables the manufacturers to use it in lower quantities to make products of similar thermal resistance in comparison to other insulation materials. In addition, EPS’ durability and lightness is driving its demand in the European and the North American market. In 2017, Wool insulation accounts for the second largest share in the BTI market by materials. It is estimated to account for about 40.0% of the total building thermal insulation market in terms of value. Wool insulation products such as blankets & sheets are the widely used as they possess temperature sustaining capacity up to 4100 C and thickness varying from 25 to 150 mm. In the coming years, glass wool is anticipated to be the leading material in this segment. Glass wool’s demand is high due to its increasing usage in masonry cavity walls, flat roofs, and suspended floor insulations owing to low inflammability. In 2017, Wall insulation accounted for the highest share among roof and floor applications, and is expected to continue to dominate during the forecast period. The walls have the large surface area and maximum dissipation of energy takes place through walls in a building, thus driving the demand for wall insulation. Roofs account for the second largest share as it is the prominent source of heat penetration from direct sunrays and proper insulation is required to maintain optimal temperatures. Residential building segment is estimated to account for about 55.0% of the total building thermal insulation market in 2017. However, the non-residential segment is anticipated to account for the rest 45.0% of the total BTI market value. The presence of strict building codes, accompanied by the growing demand for housing sector especially in the US, the UK, and Germany drive the demand for building thermal insulation in residential buildings. The non-residential segment is expected to witness high growth than residential segment during the forecast period. Increasing activities in the industrial and the manufacturing segment in the U.S. is expected to drive the demand for building thermal insulation in the non-residential segment in North America. The rising energy cost drives the demand for building thermal insulation in both residential and non-residential segment. In 2017, North America accounted for the largest share in the building thermal insulation market followed Europe and then Asia-Pacific. The building thermal insulation market in North America and Europe is driven by the stringent building codes, and the growth of housing sector primarily in U.S., the U.K. and Germany. An initiative like Weatherization Assistance Program (WAP) to focus adoption of thermal laggings in low income households at a large scale has boosted the North American building thermal insulation market. The insulation market in Europe is mostly dependent upon retrofit and renovation activities leading to re-insulation of old buildings. In the Western European region, after Germany, Poland is the second largest market for building thermal insulation products. Asia-Pacific is anticipated to be the fastest growing market for building thermal insulation products during the forecast period i.e. from 2018-2013. Increasing construction spending in China, India, and Japan to improve infrastructure in addition to energy conservation initiatives is expected to drive the BTI market in the APAC region over the next five years. The building thermal insulation market is highly fragmented and competitive in nature with the presence of global, regional, and local players. Joint ventures, mergers, collaborations and partnerships, and new product launch are the most prominent strategies practiced in this market to strengthen the market position. For instance, Rockwool International announced its capacity expansion plans in December 2017, wherein, the company would be acquiring land in Sweden, Romania, and U.S. to establish three new production facilities. The key players operating in this industry are BASE SE, Kingspan Group Plc, Owens Corning, Saint-Gobain S.A., Rockwool International, Johns Manville Corporation, Paroc Group, and Knauf Insulation among others. ...

 3/2/2018 |  Chemicals & Materials


Anti-Counterfeit Packaging by Type (Security Labels, Hologram, RFID, Coding & Printing, Packaging Designs), Feature (Track & Trace, Overt, Covert, Forensic), End-User (Clothing Industry, Food & Beverage Industry, Consumer Industries, Cosmetics & Personal Care, Industrial, Automotive, Electronics) – Trends & Global Forecast to 2023 

The total anti-counterfeit packaging market was estimated is likely to reach $ 212 billion by the end of 2023, to grow at a CAGR of 14.3% from 2018-2023. The anti-counterfeit packaging market is expected to witness high growth due to the increasing demand for security of the brand identity by manufacturers globally. The increasing development in highly safe and secured packaging to be used in various end-use applications is expected to drive the market growth during the forecast period. Track and trace technology is a leading feature of the anti-counterfeit packaging market as it is used in a variety of applications. As complexities are involved during the manufacturing distribution process of several products, manufacturing companies consider traceability systems as the perfect fit to solve all counterfeit-related challenges. Covert anti-counterfeit packaging is highly desirable in the clothing and food industry as it fulfills the need for low cost security packaging. Security labels are expected to emerge as the most attractive market segment as it is highly useful in the FMCG sector to reduce the chances of product counterfeiting. Manufacturers have developed a sense of affinity towards RIFD technology, along with the U.S. Food & Drug Administration and Walmart emphasizing on the early adoption of Radio Frequency Identification (RFID) in pharmaceutical packaging to reduce counterfeiting efforts. Alien Technology is one of the prominent manufacturers of RFID and Ultra High Frequency (UHF) products and services. Manufacturers have been increasing their investments in the R&D of RFID devices to introduce more cost-effective and secure RFIDs. The hologram segment is expected to grow at a robust rate during the forecast period as they are highly favored for anti-counterfeit packaging in beauty & cosmetic products and personal care products. The holographic strips help seal the packaging and cannot be removed without damaging the holographic surface. North America led the anti-counterfeit packaging market in 2017, followed by Europe and Asia-Pacific. North America is highly fragmented due to the presence of a large number of international and domestic players. Asia-Pacific is expected to attain the highest growth rate at a CAGR from 2018-2023. The major drivers for the APAC market are the rising concerns regarding the indemnities incurred by the production of forged products. China is home to a large number of pharmaceutical product manufacturers who are increasing the adoption of such anti-counterfeit packaging technologies in China. Huge investments and R&D are required in the anti-counterfeit market. The market exhibits the presence of a large number of players that have many patents to differentiate their own products and eliminate or reduce the threat of their competitors’ products in the market. In 2016, SICPA and Clariant together launched a new integrated protection for plastic pharmaceutical packaging and medical devices-PLASTWARD. Some of the major players of the market include 3M, Avery Dennison, AlpVision, Alien Technology, SICPA, Zebra, Amcor Technology, Authentix Inc., CCL Industries Inc., DuPont, Savi Technology, Tracelink Inc., Ampacet Corporation, Impinj, Inc., Advance Trace & Trace S.A., & others. ...

 3/1/2018 |  Chemicals & Materials


3D Printing Market, By Materials (Plastics, Ceramics and Glass, Metal and Alloys), End-User (Automotive, Aerospace, Defence, Education, Medical, Building, Construction and Architecture), Application (Tooling, Prototyping and Functional Materials Manufacturing), Technology (Steeolithography, Selective Laser Sintering, Polyjet and Fused Depostion Modeling) - Global Market Trends &Industry Forecasts Upto 2023

The total 3D Printing is likely to reach $ 34 billion by the end of 2023, growing at a CAGR of 27% from 2017-2023. The factors contributing towards the growth of 3D printing are easy manufacturing and heavy cost reductions, reduction of errors, optimum utilization of the raw materials, production of customized products, rising innovative raw materials for production and efficient use of production time and financials. A huge demand has been observed for precision machined components in a large range of end use industries. Currently, the 3D Printing market is expected to witness high growth as there is latent demand for easy creation of the complex design and geometries in certain industries as medical and dental. Also, the market is experiencing the increased competitive pressure for the investment in R&D as well as strong hunger for innovative printing materials and manufacturing techniques. In 2017, the 3D Printing market is dominated by North America followed by Europe and then Asia-Pacific. This growth in 3D Printing market is likely to occur due to growing applications of additive manufacturing in automobile, medical and consumer industry. The 3D printing technology in Defense industry particularly in USA will experience robust CAGR of 24% in the next five years mainly due to as 3D printing helps in reducing weight, leading to improved strength. The technology can produce highly complex parts as single-component systems. Easy printing spare parts and replacements 3D printing technology is natural fit for many defense applications. The Plastic segment accounted for the largest market share in 2017 and the category of other materials such as wax, paper, laywood, etc. are anticipated to witness the highest growth compelled by the increasing use of these materials in healthcare and medical industries. The various end-user industries of 3D Printing market are healthcare and medical, aerospace, automotive, defense and military, energy, education and others. The growing end use verticals such as wearable electronics, education and food and bakery will experience the highest CAGR from 2018-2023 whereas automotive, defense and healthcare and medical would be the largest market share owners during the forecast period. 3D bioprinting is developing very furiously as it is highly supported by the applications in In-Vitro Testing to discover new drugs as well as prototype printing of the organs and body parts. Huge investment has been done by the companies in 3D Printing Technology for example in 2016, GE has invested about $1.4 billion on buying two European 3D Printing companies Arcam AB from Sweden and SLM Solutions Group from Germany. This acquisition is expected to cut costs by US$3 billion to US$5 billion across the company, as the 3D technology could heavily reduce design and material costs and it is expected that company would purchase approximately 1,000 new 3D printing machines by the next decade. The major players in the 3D Printing market are 3D Systems, HP, Autodesk, Inc., Hoganas AB, Stratasys Ltd, Optomec, Inc., Arcam Group, The ExOne Company, Beijing Tiertime Technology, Nano Dimensions, Renishaw PLC, Voxeljet AG, Envisiontec GmbH, EOS GmbH, ARC Group Worldwide and other...

 2/27/2018 |  Semiconductors


Cyber Security Market, By Product (IAM, Encryption, Anti-Virus, Firewall, Data Loss Prevention, Disaster Recovery), End-User (Healthcare, Government, Banking & Financial Services), Deployment (Cloud, On Premises) – Global Market Trends & Forecasts upto 2023 

The total cyber security market is valued at USD 136 billion as on 2017 and is likely to reach USD 262 billion by the end of 2023, growing at a CAGR of 11.5%. The increasing frequency of cyber-crimes along with mandates to regulatory compliances, and development of new applications such as internet of things (IOT), cloud, mobility, Machine-to-Machine (M2M) are some of the major factors contributing towards the growth of cyber security market. There are companies investing heavily on digital transformation and in this process they have to prevent e-commerce fraud which involves complex threat detection system. In the current scenario, there is huge potential in the cyber security market because, the ransomware attacks have doubled the frequency from 13% to 26% and the losses due to these attacks is estimated more than 5 billion USD. The cyber security market is dominated by North American market which approximately accounted for half of the global market. North American region will experience high growth as the government allocates the budget for security of critical infrastructure & sensitive data. The US government has spent around $ 14 billion on cyber security in 2016 and is planning to spend around US $ 19 billion in 2017. [<<img 5.png>>] The application security is anticipated to be the fastest-growing segment with a CAGR of around 19% from 2017 to 2023. The losses due to data breach per incident has increased upto $4 million per incident. Moreover, the IT spending for application security is less than 5%, which provides huge potential for the growth of the cyber security market. The various end-user industries of cyber security market are healthcare, government, financial services, telecommunications, transportation, retail, manufacturing, aerospace and others. Banking and Financial services will experience the highest CAGR from 2018-2023 mainly due to shifting of banks towards digital channels such as online banking and mobile transactions. The companies are strengthening their market presence by acquiring service providers and widen their product portfolio. In June 2017, Microsoft announced the acquisition of U.S. based company Hexadite which will assist them in commercial customers detect responses in Windows 10 - specifically along with the addition of Hexadite's end-point security automated remediation. The major players in this market are Booz Allen Hamilton, Hewlett Packard Enterprise, IBM International, Verizon Communications, Mcafee LLC, Trend Micro, Inc., Symantec Corporation, Lockheed Martin, Cisco Systems, Inc., Fortinet, Inc., Check Point Software Technologies, Palo Alto Networks, Inc., Juniper Networks, Inc., Northrop Grumman, Sophos Ltd., Optiv, Fireeye, Inc. and others....

 2/26/2018 |  ICT


Boron Nitride and Hot Pressed Shapes Market-Industry Trends & Forecasts Upto 2023

The boron nitride market will reach 8.6 million tons by 2023 growing at a CAGR of 5.0 from 2018-2023. Boron Nitride and boron carbide are the major compounds. Boron Nitride market possess various high thermal conductivity, low thermal expansion, good thermal shock resistance, high electrical resistance, and high electrical resistance. The major factors contributing towards the growth are increasing demand from coating, mold industry, electrical industry, ceramics, and industrial In 2017, North America captured the largest share in boron nitride the market where as Asia Pacific will grow at a highest growth rate of 5.3% from 2018-2023. IN 2017, USA captured the largest market share in the boron nitride market. Emerging economies such as Middle East & South America will experience a CAGR % mainly due to growing industrialization, expansion of manufacturing facilities and stable economic growth. In 2017, the coating application captured the major market share in the boron nitride market. The applications of boron nitride are coating and mold/die release, electrical insulation, industrial lubrication, composites, cosmetics, lubricant food grade, paints, thermal spray and other. In coatings, they are mainly used in molds, troughs, furnace linings and light-metal applications. In aerospace, it is used in thermal spray coatings, in turbine engines, dynamic friction materials, and erosion resistant coatings. The company are focusing on expanding their production capacity all the major applications. The major players in the boron nitride powder market are 3M Technical Ceramics / ESK Ceramics, Accuratus Corporation, American Elements, Aremco Products Inc., Atlantic Equipment Engineers, Bayvile Chemical Supply, Bent Tree Industries, Boron Compounds Limited, BORTEK, Ceramic Substrates and Components Limited, Chengdu Huarui Industrial Limited, Dengchang Chemical Engineering Institute, Dangong Chemical Engineering Institute (DCEI), Denka Denki Kagaya Kogyo Kabushiki Kaisha, GoodFellow, H.C.Starck GmbH, Henze Boron Nitride Products AG, JSC ‘’Zaporozhsky Abrasivny Combinat’’, Kennametal, Kolortek Co., Ltd., Kurt J.Lesker Company and Others ...

 2/26/2018 |  Chemicals & Materials


Precision Farming Market, By Technology (Data Acquisition Technologies, Data Analysis and Avaluation Technologies, Precision Application Technologies), Component (Hardware, Software), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Soil Monitoring) - Global Market Trends & Industry Forecasts Upto 2023

The market for precision farming market has reached about $ 3.5 billion in 2017 and is expected to double by 2013. The increase in the market is attributed to the factors, such as increasing demand for innovative technology to increase the yield to meet the rising demand for food, increasing investments to improve the standards of agriculture, government interventions by encouraging with subsidies for using technological equipment and technological support. However, the market is likely to witness the retarded growth due to the factors, such as lack of technological skills, high initial investment costs, and reluctance to adopt the latest technologies in farming practices, especially in the developing countries. The adoption rate of technology has been increasing in agriculture to increase efficiency and manage costs. Precision farming, also known as precision agriculture, is the combination of farming methodology with technology. Technology has become an indispensable part of agribusiness from farmer to retailer to agronomist and is driving the method of farming from land and labor-intensive to technology-enabled smart farming. Technology used in the precision farming span across all agricultural practices, including sowing or planting or spraying or fertilizing and to irrigation. Precision Farming is expected to have a positive impact on farm productivity, environment (by lowering Greenhouse Gas (GHG) emissions) and economics, by lowering production costs to provide higher or equal yields than conventional farming practices. The precision farming technologies are majorly categorized into three types – data acquisition technologies, data analysis and evaluation technologies, and precision application technologies. [<<img 9.png>>] Precision agriculture is trending toward complete automated solutions for farm efficiency, better yield, and less environmental emission and waste by using all available information and expertise. Several startups have been focusing on the Precision Farming, aiming to provide good agricultural data but approaching from different angles to some extent. For example, The CropX software system, by CropX Ltd., (Israel) for advanced adaptive irrigation not only informs farmers about the amount of inputs (such as water, fertilizer and pesticide) needed by each plant at specific times, but also controls the irrigation system accordingly. Tevatronic LTD., (Serot, Israel) has risen more than $ 2.5 million from private and angel investors and the Israel Innovation Authority, and has done pilots in Israel and Australia. Tevatronics’s wireless sensors collect precise data from soil in each zone of the farm and the controllers measure each plant’s stress level to determine when to start and stop irrigation. The market for hardware components, including automation and control systems, and sensing and monitoring systems accounted for a major part of the precision farming market. However, the market for software is expected to hold promising in the future to analyze and monitor all the aspects of precision farming and also connect all the environments across the value chain. North America held the largest share of the precision farming market in 2017, due to the advanced use of farming equipment which contribute for improved efficiency and higher productivity. North America is also an origin for several key players, such as Trimble Inc., Deere & Company, AgJunction Inc., Raven Industries Inc., and AGCO Corporation in the precision farming market. With the increasing need for efficient farming requirements, enhancing high production accuracy, and improvement of farm management software, the market for precision farming is expected to grow at higher rate, especially in European and Asia-Pacific regions. Some of the key players in the precision farming market include Deere & Company (US), Trimble Inc. (US), AgSmarts Inc. (US), AGCO Corporation(US), Raven Industries Inc. (US), AgJunction Inc. (US), Monsanto Company(US), Dickey-John Corporation (US), Ag Leader Technology (US), Cropmetrics LLC. (US), and Yara International ASA (Norway). ...

 2/26/2018 |  Semiconductors


Smart Transportation Market, By Applications (Ticketing Management, Traffic Management, Traffic Management, Insurance Telematic Solutions), Transportation (Roadways, Railways) – Global Market Trends & Forecasts Upto 2023

The smart transportation market was $ 80 billion in 2018 and anticipated to reach $ 298 billion by the end of 2023 growing at a CAGR of 22.5 % from 2018-2023. The transportation industry of an economy is one of the key contributors towards the country’s gross domestic product (GDP). The key factors such as growing income level, increasing consumer awareness, growing urbanization across the globe, attract this development. However, this growth needs a specific system to create a sustainable growth in the economy in which efficient transportation management plays a key role. The smart transportation management system is a key solution to provide the efficient and effective solution to the overall transport management. The smart transport system enables various users to be more coordinated, better informed, and make safer and smarter use of transport networks. The management basically includes the services such as automated planning, various parking management & guidance, passenger information, and traffic management etc. In 2018, European region captured the largest market share in the smart transportation market. The market is mainly driven by the need for better safety and security and integrating intelligent communication systems in the infrastructure, which fuelling its growth, in which in The increasing modernization in economy expanded the market of various advanced technologies, where transportation management is also creating its path. The increasing market penetration in developing countries such as China and India would also increase the market potential giving boost to the market growth. This trend is expected to continue during the forecast period 2018–2023, to further improve the transportation market. Some of the prominent players in the smart transportation market are Cisco Systems, Hewlett Packard Enterprise, IBM Corporation, Siemens AG, and General Electric, Accenture PLC. , Symantec Corporation, Xerox Corporation, Garmin Ltd, Thales Group, NEC Corporation, Palo Alto Networks, Inc., Juniper Networks, Inc. and Other ...

 2/26/2018 |  ICT


Pressure Sensitive Adhesives Market-Global Trends & Industry Trends Upto 2023

The global Pressure Sensitive Adhesive market will reach $ 13.5 billion by 2025 growing at a CAGR of 6.8% from 2018-2025. Acrylic Pressure Sensitive Adhesive is consumed in large quantities due to the variety of its applications. The consumption is set to increase in future due to the growth in end use industries. Acrylic PSA products are preferred in developing markets due to its economical price when compared with other chemistries. Acrylic PSA is popular in A&T and E&E industries due to its ability to provide adhesion to a wide range of substrates. In 2016, Asia-Pacific region is the largest consumer of PSA tapes and labels. China is the largest consumer in the region. Acrylic PSAs is used in the manufacturing of carton sealing tape and paper labels. China alone produces more than 15 billion square meters of pressure-sensitive tape and label and graphic products. China, Taiwan and South Korea are the largest manufactures of electronics in APAC region and due to wide use acrylic based PSA; the E&E industry is a valuable application. China is the largest car manufacturer in Asia, making it a high value market for acrylic tapes and labels for automotive industry. By Technology, the Pressure Sensitive Adhesive market has been segmented on the basis of solvent based, water based, hot-melt and others. The hot melt technology is the fastest growing segment mainly due to increasing of hotmelt PSA’s demand from end-user industries such as electrical & telecommunications, electronics, packaging and footwear applications. Various applications of pressure sensitive adhesives are automotive and transportation, electrical & electronics, packaging, aerospace, medical, building and construction, electrical & electronics, industrial assembly, aerospace and others. Packaging accounts for the largest share as it is not only used for packaging purpose but also for day to day use in many households giving it a larger market share when compared to other applications Companies are adopting various strategies by creating competitive advantage by capturing new technologies, and leverage more and more customized products to cater various industry segments. The major players in this market are Avery Dennison, ALFA Klebstoffe AG, Ardex GmbH, Bostik, HB Fuller, 3M, Forbo, Geistlich Ligamenta AG, Gludan Deutscheland GmbH, Keyser & Mackay, Collodin Chemie, Kleiberit, Collano, Kraton Polmers Nederlands, Cabot Corporation, Bolton Adhesives, ATO Adhesive Systems, ALFA Klebstoffe AG, CTA GmbH, EUKALIN Spezial-Kelbstoff Fabrik GmbH, Bodo Moller Chemie....

 2/25/2018 |  Chemicals & Materials


The total district cooling market is valued at $ 5.6 billion as on 2018 and is likely to reach $ 10.23 billion by the end of 2023, growing at a CAGR of 14.1%. The district cooling market is will bolstered as it offers various benefits such as it helps in capital cost savings by 8%, around 50% reduction of electric power consumption and reduction of CO2 and refrigerant emissions by 60-70% and good operational efficiency as compared to other cooling technologies when it used in highly dense areas. The factors driving the district cooling market are energy efficient cooling technology. Recently, United Nations has considered district cooling as the most energy efficient technology as it aids in preserving energy and water. The major issues faced in this market are risk of early investments, and initial high capital costs. In 2018, the district cooling market is dominated by Middle East & Africa market followed by North America and then Asia-Pacific. The Middle East will experience the highest growth rate during the forecast period as district cooling offers various advantages such as high cooling density, more cost efficient than conventional cooling, more energy efficient, no harmful impact on the environment. By 2030, if district cooling is properly employed, then it can fulfill 30% cooling needs of GCC countries. The district cooling market has been segmented on the applications i.e. residential, commercial and industrial. In 2018, the residential segment will experience high growth in the next five years where as commercial segment will account for the highest growth rate. The commercial segment will experience the highest growth rate due to increasing demand of district cooling in hotels, molls etc. The growth in district cooling market is influenced by investments and major expansion plans. In 2018, UAE based National Central Cooling Company (Tabreed) and the Masdar Institute of Science and Technology, completed three years R& D project in district cooling plant. Some of the prominent players in the market are Empower, National Central Cooling Company PJSC (Tabreed), Semens AG, District Cooling Company LLC, Qatar Coolol, Danfoss District Energy A/S, ADC ENERGY SYSTEMS LLC, Keppeldchs PTE Ltd, Marafeq Qatar, Logstor. ...

 3/2/2018


The total bio-fertilizers market is projected to witness a growth rate of 14.2% from 2017-2023. The market is expected to reach $ 2.8 billion by 2023. Increasing awareness about maintaining soil fertility and adopting environmentally friendly techniques is a major factor behind the bio-fertilizers market growth. There are many benefits associated with bio-fertilizers such as less soil & water contamination, better endurance with seeds & soil, increasing the range of nutrient absorption in soil, etc. Soil fertility management techniques have received certain importance due to the rising demand for food and the loss of arable land, globally. Severe health impacts as well as contamination of soil, water, and air have been observed due to the use of synthetic or chemical fertilizers. Such hazardous impacts of synthetic fertilizers and the growing demand for food boosts the market growth of bio-fertilizers. In 2017, Cyanobacteria is the most popular segment in terms of microorganisms, which accounted for the largest market share in the bio-fertilizers market. Cyanobacterial bio-fertilizer harnesses basic natural inputs such as nitrogen, water, and solar energy to ensure as well as enhance soil fertility and plant growth. Phosphate soluble bacteria are expected to witness the fastest growth during the forecast period, due to its need to increase the P2O5 content in soil. By crop type, cereals and grains was observed as the leading segment as it constitutes the basic food elements of people. In terms of form of bio-fertilizers, liquid formulations that consist of the desired micro form of nutrients, organisms, etc., which promotes the formation of resting spores, was the largest market segment in 2017. Liquid bio-fertilizers are forbearing to UV radiations and high temperature. They have a shelf life of approximately two years, which are applied using fertigation tanks, hand sprays, etc. The liquid bio-fertilizer is projected to witness the highest growth rate during the forecast period due to high enzymatic activity and high acceptance rate amongst consumers. North America was the largest market for bio-fertilizers in 2017. The growing awareness of consumers regarding harmful health impacts caused due to chemical fertilizers and the growing culture of organic farming drive the market growth in the region. The ban of certain chemicals such as glyphosate, atrazine, chlorpyrifos, 2,4-D, etc., has stimulated the requirement of bio-fertilizers in the region. Asia-Pacific has adopted environmentally friendly techniques of farming. However, a dearth of knowledge and awareness as well as availability of low cost chemical fertilizers limits the usage of bio-fertilizers in several countries of Asia-Pacific. Companies across the globe are spending extensively on R&D to provide their customers with beneficial bio-fertilizers. Some of the leading manufacturing companies include Biomax, Camson Bio Technologies Limited, Gujarat State Fertilizers & Chemicals Ltd, Lallemand Inc, Madras Fertilizers Limited, Novozymes A/S, National Fertilizers Limited , Nutramax Laboratories, In, Rizobacter Argentina S.A., Rashtriya Chemicals & Fertilizers Ltd., T.Stanes & Company Limited, Agri Life, CBF China Bio-Fertilizer AG, Kiwa Bio-Tech Products Group Corporation, Krishak Bharati Cooperative, & others. ...

 3/2/2018


The building thermal insulation market is estimated to account for USD 25.8 billion in 2017, and is projected to grow at a CAGR of 3.25% to reach USD 31.2 billion by 2023. Stringent regulations pertaining to reduction of GHG emissions in North America and Europe are primarily driving the building thermal insulation market. The opportunities for players in the BTI market lies in exploring the untapped market in the emerging economies and launching better energy efficient products. [<>] In the building thermal insulation market, with respect to materials, plastic foams is the leading segment. Its demand is prominent in the Asia-Pacific market along with significant consumption in the European countries. The superior properties of plastic foams, such as low thermal conductivity, high strength, and lifespan, and versatility have been driving its demand over the years. Among the varieties of plastic foams, Expanded polystyrene (EPS) is expected to be the fastest growing segment with a CAGR of 4.0-4.5% for the next five years until 2023. Low thermal conductivity (high R-value) of EPS’ enables the manufacturers to use it in lower quantities to make products of similar thermal resistance in comparison to other insulation materials. In addition, EPS’ durability and lightness is driving its demand in the European and the North American market. In 2017, Wool insulation accounts for the second largest share in the BTI market by materials. It is estimated to account for about 40.0% of the total building thermal insulation market in terms of value. Wool insulation products such as blankets & sheets are the widely used as they possess temperature sustaining capacity up to 4100 C and thickness varying from 25 to 150 mm. In the coming years, glass wool is anticipated to be the leading material in this segment. Glass wool’s demand is high due to its increasing usage in masonry cavity walls, flat roofs, and suspended floor insulations owing to low inflammability. In 2017, Wall insulation accounted for the highest share among roof and floor applications, and is expected to continue to dominate during the forecast period. The walls have the large surface area and maximum dissipation of energy takes place through walls in a building, thus driving the demand for wall insulation. Roofs account for the second largest share as it is the prominent source of heat penetration from direct sunrays and proper insulation is required to maintain optimal temperatures. Residential building segment is estimated to account for about 55.0% of the total building thermal insulation market in 2017. However, the non-residential segment is anticipated to account for the rest 45.0% of the total BTI market value. The presence of strict building codes, accompanied by the growing demand for housing sector especially in the US, the UK, and Germany drive the demand for building thermal insulation in residential buildings. The non-residential segment is expected to witness high growth than residential segment during the forecast period. Increasing activities in the industrial and the manufacturing segment in the U.S. is expected to drive the demand for building thermal insulation in the non-residential segment in North America. The rising energy cost drives the demand for building thermal insulation in both residential and non-residential segment. In 2017, North America accounted for the largest share in the building thermal insulation market followed Europe and then Asia-Pacific. The building thermal insulation market in North America and Europe is driven by the stringent building codes, and the growth of housing sector primarily in U.S., the U.K. and Germany. An initiative like Weatherization Assistance Program (WAP) to focus adoption of thermal laggings in low income households at a large scale has boosted the North American building thermal insulation market. The insulation market in Europe is mostly dependent upon retrofit and renovation activities leading to re-insulation of old buildings. In the Western European region, after Germany, Poland is the second largest market for building thermal insulation products. Asia-Pacific is anticipated to be the fastest growing market for building thermal insulation products during the forecast period i.e. from 2018-2013. Increasing construction spending in China, India, and Japan to improve infrastructure in addition to energy conservation initiatives is expected to drive the BTI market in the APAC region over the next five years. The building thermal insulation market is highly fragmented and competitive in nature with the presence of global, regional, and local players. Joint ventures, mergers, collaborations and partnerships, and new product launch are the most prominent strategies practiced in this market to strengthen the market position. For instance, Rockwool International announced its capacity expansion plans in December 2017, wherein, the company would be acquiring land in Sweden, Romania, and U.S. to establish three new production facilities. The key players operating in this industry are BASE SE, Kingspan Group Plc, Owens Corning, Saint-Gobain S.A., Rockwool International, Johns Manville Corporation, Paroc Group, and Knauf Insulation among others. ...

 3/2/2018


The total anti-counterfeit packaging market was estimated is likely to reach $ 212 billion by the end of 2023, to grow at a CAGR of 14.3% from 2018-2023. The anti-counterfeit packaging market is expected to witness high growth due to the increasing demand for security of the brand identity by manufacturers globally. The increasing development in highly safe and secured packaging to be used in various end-use applications is expected to drive the market growth during the forecast period. Track and trace technology is a leading feature of the anti-counterfeit packaging market as it is used in a variety of applications. As complexities are involved during the manufacturing distribution process of several products, manufacturing companies consider traceability systems as the perfect fit to solve all counterfeit-related challenges. Covert anti-counterfeit packaging is highly desirable in the clothing and food industry as it fulfills the need for low cost security packaging. Security labels are expected to emerge as the most attractive market segment as it is highly useful in the FMCG sector to reduce the chances of product counterfeiting. Manufacturers have developed a sense of affinity towards RIFD technology, along with the U.S. Food & Drug Administration and Walmart emphasizing on the early adoption of Radio Frequency Identification (RFID) in pharmaceutical packaging to reduce counterfeiting efforts. Alien Technology is one of the prominent manufacturers of RFID and Ultra High Frequency (UHF) products and services. Manufacturers have been increasing their investments in the R&D of RFID devices to introduce more cost-effective and secure RFIDs. The hologram segment is expected to grow at a robust rate during the forecast period as they are highly favored for anti-counterfeit packaging in beauty & cosmetic products and personal care products. The holographic strips help seal the packaging and cannot be removed without damaging the holographic surface. North America led the anti-counterfeit packaging market in 2017, followed by Europe and Asia-Pacific. North America is highly fragmented due to the presence of a large number of international and domestic players. Asia-Pacific is expected to attain the highest growth rate at a CAGR from 2018-2023. The major drivers for the APAC market are the rising concerns regarding the indemnities incurred by the production of forged products. China is home to a large number of pharmaceutical product manufacturers who are increasing the adoption of such anti-counterfeit packaging technologies in China. Huge investments and R&D are required in the anti-counterfeit market. The market exhibits the presence of a large number of players that have many patents to differentiate their own products and eliminate or reduce the threat of their competitors’ products in the market. In 2016, SICPA and Clariant together launched a new integrated protection for plastic pharmaceutical packaging and medical devices-PLASTWARD. Some of the major players of the market include 3M, Avery Dennison, AlpVision, Alien Technology, SICPA, Zebra, Amcor Technology, Authentix Inc., CCL Industries Inc., DuPont, Savi Technology, Tracelink Inc., Ampacet Corporation, Impinj, Inc., Advance Trace & Trace S.A., & others. ...

 3/1/2018


The total 3D Printing is likely to reach $ 34 billion by the end of 2023, growing at a CAGR of 27% from 2017-2023. The factors contributing towards the growth of 3D printing are easy manufacturing and heavy cost reductions, reduction of errors, optimum utilization of the raw materials, production of customized products, rising innovative raw materials for production and efficient use of production time and financials. A huge demand has been observed for precision machined components in a large range of end use industries. Currently, the 3D Printing market is expected to witness high growth as there is latent demand for easy creation of the complex design and geometries in certain industries as medical and dental. Also, the market is experiencing the increased competitive pressure for the investment in R&D as well as strong hunger for innovative printing materials and manufacturing techniques. In 2017, the 3D Printing market is dominated by North America followed by Europe and then Asia-Pacific. This growth in 3D Printing market is likely to occur due to growing applications of additive manufacturing in automobile, medical and consumer industry. The 3D printing technology in Defense industry particularly in USA will experience robust CAGR of 24% in the next five years mainly due to as 3D printing helps in reducing weight, leading to improved strength. The technology can produce highly complex parts as single-component systems. Easy printing spare parts and replacements 3D printing technology is natural fit for many defense applications. The Plastic segment accounted for the largest market share in 2017 and the category of other materials such as wax, paper, laywood, etc. are anticipated to witness the highest growth compelled by the increasing use of these materials in healthcare and medical industries. The various end-user industries of 3D Printing market are healthcare and medical, aerospace, automotive, defense and military, energy, education and others. The growing end use verticals such as wearable electronics, education and food and bakery will experience the highest CAGR from 2018-2023 whereas automotive, defense and healthcare and medical would be the largest market share owners during the forecast period. 3D bioprinting is developing very furiously as it is highly supported by the applications in In-Vitro Testing to discover new drugs as well as prototype printing of the organs and body parts. Huge investment has been done by the companies in 3D Printing Technology for example in 2016, GE has invested about $1.4 billion on buying two European 3D Printing companies Arcam AB from Sweden and SLM Solutions Group from Germany. This acquisition is expected to cut costs by US$3 billion to US$5 billion across the company, as the 3D technology could heavily reduce design and material costs and it is expected that company would purchase approximately 1,000 new 3D printing machines by the next decade. The major players in the 3D Printing market are 3D Systems, HP, Autodesk, Inc., Hoganas AB, Stratasys Ltd, Optomec, Inc., Arcam Group, The ExOne Company, Beijing Tiertime Technology, Nano Dimensions, Renishaw PLC, Voxeljet AG, Envisiontec GmbH, EOS GmbH, ARC Group Worldwide and other ...

 2/27/2018


The total cyber security market is valued at USD 136 billion as on 2017 and is likely to reach USD 262 billion by the end of 2023, growing at a CAGR of 11.5%. The increasing frequency of cyber-crimes along with mandates to regulatory compliances, and development of new applications such as internet of things (IOT), cloud, mobility, Machine-to-Machine (M2M) are some of the major factors contributing towards the growth of cyber security market. There are companies investing heavily on digital transformation and in this process they have to prevent e-commerce fraud which involves complex threat detection system. In the current scenario, there is huge potential in the cyber security market because, the ransomware attacks have doubled the frequency from 13% to 26% and the losses due to these attacks is estimated more than 5 billion USD. The cyber security market is dominated by North American market which approximately accounted for half of the global market. North American region will experience high growth as the government allocates the budget for security of critical infrastructure & sensitive data. The US government has spent around $ 14 billion on cyber security in 2016 and is planning to spend around US $ 19 billion in 2017. [<>] The application security is anticipated to be the fastest-growing segment with a CAGR of around 19% from 2017 to 2023. The losses due to data breach per incident has increased upto $4 million per incident. Moreover, the IT spending for application security is less than 5%, which provides huge potential for the growth of the cyber security market. The various end-user industries of cyber security market are healthcare, government, financial services, telecommunications, transportation, retail, manufacturing, aerospace and others. Banking and Financial services will experience the highest CAGR from 2018-2023 mainly due to shifting of banks towards digital channels such as online banking and mobile transactions. The companies are strengthening their market presence by acquiring service providers and widen their product portfolio. In June 2017, Microsoft announced the acquisition of U.S. based company Hexadite which will assist them in commercial customers detect responses in Windows 10 - specifically along with the addition of Hexadite's end-point security automated remediation. The major players in this market are Booz Allen Hamilton, Hewlett Packard Enterprise, IBM International, Verizon Communications, Mcafee LLC, Trend Micro, Inc., Symantec Corporation, Lockheed Martin, Cisco Systems, Inc., Fortinet, Inc., Check Point Software Technologies, Palo Alto Networks, Inc., Juniper Networks, Inc., Northrop Grumman, Sophos Ltd., Optiv, Fireeye, Inc. and others. ...

 2/26/2018


The boron nitride market will reach 8.6 million tons by 2023 growing at a CAGR of 5.0 from 2018-2023. Boron Nitride and boron carbide are the major compounds. Boron Nitride market possess various high thermal conductivity, low thermal expansion, good thermal shock resistance, high electrical resistance, and high electrical resistance. The major factors contributing towards the growth are increasing demand from coating, mold industry, electrical industry, ceramics, and industrial In 2017, North America captured the largest share in boron nitride the market where as Asia Pacific will grow at a highest growth rate of 5.3% from 2018-2023. IN 2017, USA captured the largest market share in the boron nitride market. Emerging economies such as Middle East & South America will experience a CAGR % mainly due to growing industrialization, expansion of manufacturing facilities and stable economic growth. In 2017, the coating application captured the major market share in the boron nitride market. The applications of boron nitride are coating and mold/die release, electrical insulation, industrial lubrication, composites, cosmetics, lubricant food grade, paints, thermal spray and other. In coatings, they are mainly used in molds, troughs, furnace linings and light-metal applications. In aerospace, it is used in thermal spray coatings, in turbine engines, dynamic friction materials, and erosion resistant coatings. The company are focusing on expanding their production capacity all the major applications. The major players in the boron nitride powder market are 3M Technical Ceramics / ESK Ceramics, Accuratus Corporation, American Elements, Aremco Products Inc., Atlantic Equipment Engineers, Bayvile Chemical Supply, Bent Tree Industries, Boron Compounds Limited, BORTEK, Ceramic Substrates and Components Limited, Chengdu Huarui Industrial Limited, Dengchang Chemical Engineering Institute, Dangong Chemical Engineering Institute (DCEI), Denka Denki Kagaya Kogyo Kabushiki Kaisha, GoodFellow, H.C.Starck GmbH, Henze Boron Nitride Products AG, JSC ‘’Zaporozhsky Abrasivny Combinat’’, Kennametal, Kolortek Co., Ltd., Kurt J.Lesker Company and Others ...

 2/26/2018


The market for precision farming market has reached about $ 3.5 billion in 2017 and is expected to double by 2013. The increase in the market is attributed to the factors, such as increasing demand for innovative technology to increase the yield to meet the rising demand for food, increasing investments to improve the standards of agriculture, government interventions by encouraging with subsidies for using technological equipment and technological support. However, the market is likely to witness the retarded growth due to the factors, such as lack of technological skills, high initial investment costs, and reluctance to adopt the latest technologies in farming practices, especially in the developing countries. The adoption rate of technology has been increasing in agriculture to increase efficiency and manage costs. Precision farming, also known as precision agriculture, is the combination of farming methodology with technology. Technology has become an indispensable part of agribusiness from farmer to retailer to agronomist and is driving the method of farming from land and labor-intensive to technology-enabled smart farming. Technology used in the precision farming span across all agricultural practices, including sowing or planting or spraying or fertilizing and to irrigation. Precision Farming is expected to have a positive impact on farm productivity, environment (by lowering Greenhouse Gas (GHG) emissions) and economics, by lowering production costs to provide higher or equal yields than conventional farming practices. The precision farming technologies are majorly categorized into three types – data acquisition technologies, data analysis and evaluation technologies, and precision application technologies. [<>] Precision agriculture is trending toward complete automated solutions for farm efficiency, better yield, and less environmental emission and waste by using all available information and expertise. Several startups have been focusing on the Precision Farming, aiming to provide good agricultural data but approaching from different angles to some extent. For example, The CropX software system, by CropX Ltd., (Israel) for advanced adaptive irrigation not only informs farmers about the amount of inputs (such as water, fertilizer and pesticide) needed by each plant at specific times, but also controls the irrigation system accordingly. Tevatronic LTD., (Serot, Israel) has risen more than $ 2.5 million from private and angel investors and the Israel Innovation Authority, and has done pilots in Israel and Australia. Tevatronics’s wireless sensors collect precise data from soil in each zone of the farm and the controllers measure each plant’s stress level to determine when to start and stop irrigation. The market for hardware components, including automation and control systems, and sensing and monitoring systems accounted for a major part of the precision farming market. However, the market for software is expected to hold promising in the future to analyze and monitor all the aspects of precision farming and also connect all the environments across the value chain. North America held the largest share of the precision farming market in 2017, due to the advanced use of farming equipment which contribute for improved efficiency and higher productivity. North America is also an origin for several key players, such as Trimble Inc., Deere & Company, AgJunction Inc., Raven Industries Inc., and AGCO Corporation in the precision farming market. With the increasing need for efficient farming requirements, enhancing high production accuracy, and improvement of farm management software, the market for precision farming is expected to grow at higher rate, especially in European and Asia-Pacific regions. Some of the key players in the precision farming market include Deere & Company (US), Trimble Inc. (US), AgSmarts Inc. (US), AGCO Corporation(US), Raven Industries Inc. (US), AgJunction Inc. (US), Monsanto Company(US), Dickey-John Corporation (US), Ag Leader Technology (US), Cropmetrics LLC. (US), and Yara International ASA (Norway). ...

 2/26/2018


The smart transportation market was $ 80 billion in 2018 and anticipated to reach $ 298 billion by the end of 2023 growing at a CAGR of 22.5 % from 2018-2023. The transportation industry of an economy is one of the key contributors towards the country’s gross domestic product (GDP). The key factors such as growing income level, increasing consumer awareness, growing urbanization across the globe, attract this development. However, this growth needs a specific system to create a sustainable growth in the economy in which efficient transportation management plays a key role. The smart transportation management system is a key solution to provide the efficient and effective solution to the overall transport management. The smart transport system enables various users to be more coordinated, better informed, and make safer and smarter use of transport networks. The management basically includes the services such as automated planning, various parking management & guidance, passenger information, and traffic management etc. In 2018, European region captured the largest market share in the smart transportation market. The market is mainly driven by the need for better safety and security and integrating intelligent communication systems in the infrastructure, which fuelling its growth, in which in The increasing modernization in economy expanded the market of various advanced technologies, where transportation management is also creating its path. The increasing market penetration in developing countries such as China and India would also increase the market potential giving boost to the market growth. This trend is expected to continue during the forecast period 2018–2023, to further improve the transportation market. Some of the prominent players in the smart transportation market are Cisco Systems, Hewlett Packard Enterprise, IBM Corporation, Siemens AG, and General Electric, Accenture PLC. , Symantec Corporation, Xerox Corporation, Garmin Ltd, Thales Group, NEC Corporation, Palo Alto Networks, Inc., Juniper Networks, Inc. and Other ...

 2/26/2018


The global Pressure Sensitive Adhesive market will reach $ 13.5 billion by 2025 growing at a CAGR of 6.8% from 2018-2025. Acrylic Pressure Sensitive Adhesive is consumed in large quantities due to the variety of its applications. The consumption is set to increase in future due to the growth in end use industries. Acrylic PSA products are preferred in developing markets due to its economical price when compared with other chemistries. Acrylic PSA is popular in A&T and E&E industries due to its ability to provide adhesion to a wide range of substrates. In 2016, Asia-Pacific region is the largest consumer of PSA tapes and labels. China is the largest consumer in the region. Acrylic PSAs is used in the manufacturing of carton sealing tape and paper labels. China alone produces more than 15 billion square meters of pressure-sensitive tape and label and graphic products. China, Taiwan and South Korea are the largest manufactures of electronics in APAC region and due to wide use acrylic based PSA; the E&E industry is a valuable application. China is the largest car manufacturer in Asia, making it a high value market for acrylic tapes and labels for automotive industry. By Technology, the Pressure Sensitive Adhesive market has been segmented on the basis of solvent based, water based, hot-melt and others. The hot melt technology is the fastest growing segment mainly due to increasing of hotmelt PSA’s demand from end-user industries such as electrical & telecommunications, electronics, packaging and footwear applications. Various applications of pressure sensitive adhesives are automotive and transportation, electrical & electronics, packaging, aerospace, medical, building and construction, electrical & electronics, industrial assembly, aerospace and others. Packaging accounts for the largest share as it is not only used for packaging purpose but also for day to day use in many households giving it a larger market share when compared to other applications Companies are adopting various strategies by creating competitive advantage by capturing new technologies, and leverage more and more customized products to cater various industry segments. The major players in this market are Avery Dennison, ALFA Klebstoffe AG, Ardex GmbH, Bostik, HB Fuller, 3M, Forbo, Geistlich Ligamenta AG, Gludan Deutscheland GmbH, Keyser & Mackay, Collodin Chemie, Kleiberit, Collano, Kraton Polmers Nederlands, Cabot Corporation, Bolton Adhesives, ATO Adhesive Systems, ALFA Klebstoffe AG, CTA GmbH, EUKALIN Spezial-Kelbstoff Fabrik GmbH, Bodo Moller Chemie. ...

 2/25/2018