Global Market Analysis Report of Chemicals and Materials Industry

Thursday, 26 March 2020

Global growth of Anti-Counterfeit Packaging Market 06:47

Increasing Focus of Manufacturers on Brand Protection Driving Anti-Counterfeit Packaging Market

In 2017, the global anti-counterfeitpackaging market generated $114.4 billion and is predicted to attain a value of $208.4 billion in 2023, advancing at a 10.9% CAGR during the forecast period (2018–2023). The market is registering growth due to the rising focus on brand protection and expansion of the counterfeit industry. The unauthorized reproductions of a trademarks brand which are identical to genuine products is counterfeiting. Secure packaging is needed for avoiding this counterfeiting of products. Anti-counterfeit packaging is the process of assigning secure packaging to the products for minimizing infringement and counterfeiting.

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When technology is considered, the anti-counterfeit packaging market is divided into track & trace, covert, forensic, and overt. Among these, the track & trace division dominated the market during the historical period (2013–2017) and is predicted to register the highest CAGR of 11.3% during the forecast period. This is because of the increasing adoption of tracking and tracing by the manufacturers for avoiding any technological complications n the supply chain. The technology includes the assigning of unique identity to each product that helps in the tracing of product later in the supply chain.

The growing focus of manufacturers on brand protection is a key driving factor of the anti-counterfeit packaging market. The concern among manufacturers regarding losses due to the sales of counterfeit products is increasing. This, along with concerns regarding brand dilution, is driving the market. For example, the requirement for anti-counterfeit technologies by the pharmaceutical industry is rising because of the high demand caused by the utilization of spurious products. As per the industry experts, at least 1% of all the drugs that are circulated are counterfeit even in the most secure market.

Among the different regions, namely Middle East & Africa, North America, Central & South America, Europe, and Asia-Pacific, North America held the largest share of the anti-counterfeit packaging market during the historical period and is further predicted to dominate the market during the forecast period. The reason for this is the strong base of food & beverage, pharmaceutical, and consumer goods manufacturing companies in the region. The Asia-Pacific region is expected to grow at the fastest pace during the forecast period.

Hence, the market is growing due to the expanding counterfeit industry and rising focus of manufacturers on brand protection.

Manish Baghel 0

Friday, 20 March 2020

Printing Inks Market Size 04:23

How will Rising Demand for Packaged Products Stimulate Growth in APAC Printing Inks Market

Printing inks can be defined as pastes or liquids, containing pigments or dyes, which are majorly used for coloring a surface, in order to produce a design, text or image. Owing to the increasing consumption of packaged food items and growing demand for bio-based products, the Asia-Pacific printing inks market is expected to reach $7,000.2 million in revenue by 2023, from $5,344.1 million in 2017. It is also predicted to register a 4.6% CAGR during the forecast period (2018–2023).

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Due to the rising awareness about the hazardous effects of volatile organic compound (VOC) emissions and growing concerns over the presence of heavy metals in printing inks, those made from bio-based products are set to witness a surge in usage, in the coming years. Moreover, these inks easily separate from paper, thus resulting in a better recyclability of paper. This is expected to cause a massive upswing in the market, by driving the demand for bio-based products.

The APAC printing inks market, on the basis of product, is categorized into gravure inks, digital inks, flexographic inks, letterpress inks, lithographic inks, and others, wherein the others category includes fluorescent inks, magnetic inks, and metallic inks. Amongst these, flexographic inks, on account of their ability to support multiple colors as well as be used with both oil-based and water-based inks, are expected to register the fastest growth during the forecast period, with a CAGR of 5.7%.

Based on application, the APAC printing inks market is divided into commercial printing, publication, labels and packaging, and others, which includes apparel printing and decorative printing. Out of the different market categories, labels and packaging occupied more than 40.0% market share in 2017. The main factor which contributed toward its commanding market position was the high number of packaging applications in the e-commerce industry. These application areas are predicted to widen, thereby increasing the demand for printing inks during the forecast period.

The key trend being witnessed in the APAC printing inks market is the ballooning investments directed toward the expansion of the production capacity in the region, which have resulted in the setting up of new printing ink production plants. Further, a drastic shift toward flexographic inks from traditional products is also being witnessed. Flexographic inks provide innumerable advantages, such as fast printing process, plethora of color options, and the ability to print on non-absorbent substances, which is why the preference for these is surging.

In the APAC region, countries such as India, China, and Indonesia, on account of large-scale industrialization and commercialization, have emerged as some of the biggest markets for printing inks, in the last few years. Owing to the increasing urbanization and growing literacy rate, China recorded the largest share, amongst all the countries, in the APAC printing inks market, in 2017. Due to the rapidly rising demand for packaging and paper media, China is predicted to maintain its lead in the market till 2023.

Thus, the rising incorporation of bio-based products in a variety of applications, burgeoning manufacturing sector, and increasing sale of packaged products will lead to a flourishing market in the coming years.

Manish Baghel 0

Wednesday, 18 March 2020

Control Valves Market Size 02:57

Growing Use in Food & Beverages Industry Driving Control Valves Market

In 2017, the control valves market generated $11,137.0 million and is predicted to attain $16,057.5 million by 2023, registering a 6.3% CAGR during the forecast period (2018–2023). The market is growing due to the rising need for wireless infrastructure to monitor and control equipment, increasing infrastructure projects, surging use in the food & beverage industry, and high energy demand because of increasing population. A physical device which is utilized for controlling the flow of fluid by varying the size of the flow passage with the aid of a controller is called a control valve.

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When actuation technology is taken into consideration, the control valves market is categorized into electric control valve, manual control valve, hydraulic control valve, and pneumatic control valve. Among these, the pneumatic control valve category held the largest share of the market during the historical period (2013–2017), accounting for a volume share of over 35.0% in 2017, and is further predicted to retain its position during the forecast period. This is because these valves are simple to operate, offer precise linear motion, and can be utilized in a wide range of temperatures.

In terms of application, the control valves market is divided into wastewater management, power generation, pharmaceuticals, oil & gas, automotive, chemicals, food & beverages, and others (which include agriculture, mining, and marine). Out of these, the power generation division dominated the market during the historical period, in terms of volume. However, the oil & gas division is expected to account for the major share of the market in 2023. The pharmaceuticals division is predicted to grow at the fastest pace during the forecast period.

A key driving factor of the control valves market is the rising need for wireless infrastructure for monitoring and controlling equipment in different industries, such as power plants and oil & gas. Companies face difficulty in maintaining different units in large scale oil fields, which has resulted in the increasing usage of wireless infrastructure, including automated valves. These valves can be controlled from the central control unit. Attributed to these factors, various units of oil & gas facilities are being fitted with these valves that are controlled remotely.

The rising usage of control valves by the food & beverages industry is another key driving factor of the control valves market. Due to the increase in disposable income, people are increasingly spending their income on processed foods, which, in turn, has led to a growth in the number of food processing plants. These plants make use of control valves in different units. The commonly utilized valves in this industry are check, globe, and gate valves. Moreover, butterfly and ball valves are used by the dairy processing industry for preventing leakage and contamination.

A key trend being witnessed in the control valves market is the development of new valve technology, which includes the development of valves which are embedded withs sensors. Conventional valves were utilized mechanically without any chips or processors embedded in it. However, now the manufacturers are focusing on developing new technologies which will allow the valves to deliver real time data on flow rates and operating conditions. In addition to this, these valves will also aid in the prediction of maintenance and unplanned shutdowns.

Hence, the market is being driven by the increasing utilization of control valves in the food & beverages industry and rising requirement for wireless infrastructure to control and monitor equipment.

Manish Baghel 0

Monday, 16 March 2020

Growth of 3D Printing Materials Market 00:53

What are Key Factors Driving Growth of 3D Printing Materials Market?

As a result of the increasing use of 3D printing in the manufacturing sector, rising demand for automobiles, and the presence of a prosperous aerospace industry, the global 3D printing materials market is expected to reach $1,365.6 million by 2023, from its recorded value of $558.4 million in 2017, registering a CAGR of 16.7% during the forecast period (2018–2023). This high demand for 3D printing materials is primarily due to the rising adoption of additive manufacturing as well as the increasing need for mass customization.

The key factors that are driving the advance of the 3D printing materials market are the increasing popularity of the concept in additive manufacturing and rapidly expanding automobile sector, especially in emerging economies, such as India and China. Additive manufacturing refers to a manufacturing process which uses computer-aided designing (CAD) software to add material, layer by layer, in precise shapes, to create an object. 3D printing, owing to its property of generating almost negligible leftover material, has revolutionized additive manufacturing.

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The recent years have witnessed a large-scale integration of additive manufacturing by various companies, in order to yield better results. Currently, the majority of companies are using 3D printing for prototyping. However, in industries such as aerospace and defense and medical and dental, it is being widely used in the complete production process, thereby helping the market prosper. According to a report by Harvard Business Review, the U.S. hearing aid industry has completely incorporated additive manufacturing into its manufacturing process, in 500 days.

On the basis of type, the 3D printing materials market has been divided into ceramics, metals, plastics, and others, wherein the others category includes sand, waxes, marble, wood and stone, and edible materials. Out of these, the plastics category had the largest sales volume share, of over 40.0%, in 2017. The major factor that contributed toward its huge market share was the wide preference for plastics in the process, due to their lower cost and easier melting process, which make forming the final product quick.

Depending on form, the 3D printing materials market is categorized into filament, powder, and liquid. Amongst these, the filament category had the largest market share in 2017, of over 50.0%, in terms of sales volume. Due to their superior characteristics, such as decreased shrinkage, improved layer adhesion, high density, and warp resistance, polylactic acid (PLA) and acrylonitrile butadiene styrene (ABS) are the most commonly used plastic filaments in 3D printing.

The biggest trend in the 3D printing materials market is the incorporation of this production technique in the education sector. In recent times, various schools have adopted 3D printing technologies in their curriculum, in a bid to increase students’ creativity. The technology is also playing a huge role in improving the quality of higher education, especially in science, technology, engineering, and mathematics (STEM), by helping students understand complex mathematical models better.

Thus, due to the increasing use of 3D printing in the manufacturing sector and rising incorporation of the technology in additive manufacturing, the market is set to witness considerable growth in the coming years.

Manish Baghel 0

Thursday, 5 March 2020

Global Growth of Electroceramics Market 01:12

Expanding Semiconductors & Electronics Industry Driving Electroceramics Market

In 2017, the global electroceramics market generated a revenue of $8,590.9 million and is expected to attain a value of $12,084.4 million in 2023, advancing at a 5.9% CAGR during the forecast period (2018–2023). Factors positively affecting the growth of the market are the expansion of the semiconductors and electronics industry, growth of the medical industry and requirement for electroceramics in sensors and implants, and expanding automotive industry and demand for electroceramics in automotive devices and components. Type of ceramic materials which exhibit electrical properties are referred to as electroceramics.

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In terms of type, the electroceramics market is divided into magnetic ceramics, dielectric ceramics, piezoelectric ceramics, conductive ceramics, and others (which include ferroelectric and fast ion ceramics). Among these, the dielectric ceramics dominated the market during the historical period (2013–2023), contributing a volume share of over 35.0% in 2017. The reason for this is the rising requirement for these ceramics in capacitors and insulators, which are major components in industrial and consumer electronic devices. The fastest growth is predicted to be registered by conductive ceramics during the forecast period.

When application is taken into consideration, the electroceramics market is categorized into power distribution devices, capacitors, actuators & sensors, data storage devices, optoelectronic devices, and others (resonators and radio frequency devices). Out of these, the capacitors category accounted for the major share of the market during the historical period, in terms of volume, and is further expected to dominate the market during the forecast period, owing to the high requirement for these products for usage in different devices. The optoelectronic devices category is projected to advance at the fastest pace during the forecast period.

A key driving factor of the electroceramics market is the expansion of the semiconductor and electronics industry. As per the Consumer Electronics Association, consumer electronics retail revenue was $351.0 billion in 2018, witnessing a 3.9% rise in its revenue in 2017. The industry is primarily growing due to the macroeconomic growth in developing countries. Electroceramics are increasingly being utilized for different applications in the industry because of their properties, such as high damage tolerance, temperature resistance, toughness, and corrosion resistance. Furthermore, the use of these ceramics significantly reduces the overall weight of electronics.

Another major factor contributing to the growth of the electroceramics market is the expansion of the medical industry and rising demand for electroceramics in implants and sensors. The growth of the healthcare industry is attributed to the increasing demand for healthcare services and rising capital allocation by public and private partnerships in the healthcare sector. In recent years, the adoption of electroceramics in the medical industry has increased because they are harder and more heat and corrosion resistant than other materials.

The advancements in the fabrication technology and widespread adoption of internet of things (IoT) is providing wide opportunities to the players operating in the electroceramics market. The requirement for higher volumetric efficiency multilayer capacitors has impacted the technologies concerned with the preparation of powders having closely defined physical and chemical characteristics and on their processing into components. The emergence of technologies such as IoT are further predicted to drive the requirement for these products in capacitors, sensors, and automotive and aerospace components.

Hence, the market is being driven the growth of the semiconductors & electronics industry and medical industry and increasing demand for electroceramics in implants and sensors.

Manish Baghel 0

Monday, 17 February 2020

Plastisols Market Size 01:08

Healthy Growth Prospects Predicted for Plastisols Market

Between 2009 and 2018, the worldwide construction industry grew from $16.085 trillion to $23.518 trillion, as per the World Bank. With the rise in the disposable income and urban migration rate, especially in developing countries, the demand for housing and commercial real estate is increasingly. This is resulting in an escalating demand for construction materials, including paints, adhesives, coatings, and sealants. As a result, the consumption of the raw materials that go into their production is also surging; one of these raw materials are plastisols, which are a mixture of a plasticizer and polyvinyl chloride (PVC).

Therefore, with the prosperity of the construction sector, the plastisols market is predicted to reach $40,464.8 million by 2023, from $26,267.2 million in 2017, at a 7.5% CAGR during 2018–2023. Due to their insolubility in water and chemical, fire, corrosion, and heat resistance, such products have numerous applications, such as textile screen printing, coatings, adhesives & sealants, and moldings. Among these, the largest consumption of such materials was in coatings, during 2013–2017. Plastisol coatings provide the surface with texture, color, durability, toughness, and softness.

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During the forecast period, the usage of these products would increase the fastest in the textile screen printing application, which involves the printing of various decorative patterns on a range of fabrics. During the process, a screen with inlets for the ink is placed atop the fabric, so only the uncovered sections on the fabric are printed, much like what happens with a stencil. As plastisol inks are not soluble in water, they do not dry out, even if they are left on the screen for long durations. Additionally, they offer opaqueness, cost-effectiveness, and excellent performance. Thus, with the growing popularity of printed jeans, t-shirts, jackets, sweatshirts, tote bags, and cushions, the consumption of the materials is increasing.

Further, governments around the globe are implementing supportive policies for plastisol export, import, and commercialization. For instance, in automobiles, furniture, and upholstery, the use of plastisols has been made compulsory in numerous nations, owing to their flame-retardant capabilities. Additionally, the textile sector is receiving government impetus, which is resulting in the rising usage of plastisol inks. For instance, Government of Indonesia plans to export textiles worth $75 billion by 2030, aiming to account increase its share in global textile exports by 5%. Similarly, 13 textile parks were set up by the Indian government in 2014 to offer small and mid-size manufacturers financial aid.

Historically, the heaviest usage of such materials has been recorded in Asia-Pacific (APAC), owing to its increasing disposable income and expanding end-use sectors, including transportation and textile. Further, the easy availability of the material, due to its surging production in the region, also drives the regional market. Several Europe and U.S.-based market players are shifting their production operations to APAC, as labor and raw materials are available at low prices here. Within APAC, China is expected to witness the fastest plastisols market growth during the forecast period, due to the continuously increasing foreign investments for the production of such materials in the country.

Hence, as printed textiles become more popular and the demand for residential and commercial infrastructure grows, the usage of plastisols would also rise.

Manish Baghel 0

Tuesday, 11 February 2020

Global Aerosol Market Growth 05:47

How is Expansion of Different Industries Driving Aerosol Market?

Several industries are witnessing considerable growth as the developing countries, including Malaysia, China, India, and Brazil, are registering swift industrialization. For example, the food & beverages industry in the U.S., China, and India is growing due to the rising disposable income of people. The living standards and food habits of consumers are changing, which is why they are spending increasingly on different food and beverage items. Similarly, the automotive industry is also registering considerable growth, as people are able to spend more on automobiles for their personal use. These industries make extensive utilization of aerosol products for different applications, which is why their growth is resulting in the increasing demand for aerosol.

Aerosol is a substance that is packaged under pressure and is dispensed and released as a fine spray by means of propellant gas through a container. As per a report by P&S Intelligence, in 2017, the global aerosol market reached a value of $53,871.6 million and is expected to attain $75,208.9 million in 2023, witnessing a 5.8% CAGR during the forecast period (2018–2023). Among the different regions, namely Asia-Pacific, Europe, North America, and Rest of the World, Europe created the largest demand for aerosol during 2013–2017. The fastest growth in demand is expected to be generated by the APAC region in the coming years.

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There are several applications of aerosol including insecticide, household, personal care, food & beverages, paints & varnishes, and automotive. Some other applications are technical and medical. Out of these, the highest demand for aerosol was created for the personal care application during 2013–2017 and the situation is projected to remain the same during the forecast period as well. The fastest growth in demand for aerosol is expected to be witnessed by the insecticide application in the near future. The utilization of aerosols as insecticides generate less waste than other insecticides, since they are designed to deliver a specific amount of poison and are metered.

The expanding personal care industry is a key driving factor of the aerosol market, owing to the fact that aerosols are utilized widely in several products, including dry shampoo, body spray, hair spray, shave cream, deodorant, and mousse foundation, in the personal care industry. The growth of the personal care industry is taking place because of the rising disposable income of people, which is allowing them to spend on luxury personal care products. In addition to this, the development of advanced and enhanced products, such as cosmeceutical (pharmaceutical & topical cosmetics) and other multifunctional products is further predicted to drive the industry.

The rising requirement for aerosols in packaging applications for different products, such as insecticides, household cleaners, paint sprays, & cosmetics, is opening up wide opportunities for players operating in the aerosol domain. Aerosol packaging provides easy application of insecticides and household products, without any skin contact, which is a significant characteristic for these products. Apart from this, aerosol products have a longer shelf life and remain fresh for a long time. This is projected to drive the demand for aerosol products in the near future.

Manish Baghel 0

Monday, 10 February 2020

Plasticizers Market Size 05:22

How are Increasing Construction Activities Driving Plasticizers Market?

In 2018, the plasticizers market valued $13,967.9 million, and it is predicted to reach $16,700.6 million by 2024, witnessing a 3.5% CAGR during 2019–2024 (forecast period). The increasing demand for polyvinylchloride (PVC) in the electronics and electrical industry and requirement for construction material is driving the market growth. Plasticizers are additives used during the manufacturing of plastics, to improve their performance, as they are usually cheaper than other additives.

The global production of plastics increased during the historical period (2016–2018), so did the production of PVC, for use as an insulation for electrical wires. PVC is used in these products owing to its flexible nature and good resistance to temperature and ultraviolet (UV) rays, which is because of the presence of plasticizers. The share of plasticizer-containing PVC in wires and cables is expected to witness a considerable progress during the forecast period. Thus, the rising consumption of PVC, containing plasticizers, in the electrical and electronics industry, will boost the growth of the global plasticizers market.

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Based on end use, the market is classified into flooring, roofing, & cladding, wires and cables, automotive parts, films & sheets, toys and child care products, medical equipment, and others. Among these, wires and cables held the largest value and volume shares in the plasticizers market in 2018. The category is projected to witness considerable growth, at a CAGR of 3.8%, in terms of value, during the forecast period. The growth of the category is driven by the high wire and cable demand in the automotive, construction, healthcare, electrical, and packaging industries.

In terms of product, the plasticizers market is bifurcated into phthalates and non-phthalates. Non-phthalate plasticizers are expected to witness the higher CAGR during the forecast period, because of their non-toxic profile. Health concerns across the developed countries have led to the banning of major phthalate plasticizers, and the strict policies implemented by governments have increased the demand for non-phthalate variants. These are the key factors boosting the demand for non-phthalate plasticizers, which is why this bifurcation is expected to grow considerably during the forecast period.

Almost 90% of the plasticizers used to produce PVC are phthalates; however, they impart toxicity, and with severe health concerns in developed countries, a ban on the use of such plasticizers has been implemented. The ban and strict regulations enforced by the government have boosted the demand for non-phthalate variants, which are non-toxic in nature. Now, they are increasingly being used for the production of PVC, which is itself used to manufacture medical devices, toys, and several other end products.

Globally, the highest demand for plasticizers was witnessed in the Asia-Pacific (APAC) region, which accounted for an over 60.0% share, in terms of value and volume, in 2018. The market size and predicted growth during the forecast period are attributed to the region’s high-volume manufacturing, chemicals, automotive, electrical and electronics, construction, and several other end-use industries, majorly in India, China, and Indonesia. All these industries require plasticizers in PVC, so that the end products are flexible. Thus, the increasing demand for PVC is expected to boost the regional plasticizers market growth during the forecast period.

Therefore, it is clearly visible that with the rising demand for non-phthalate plasticizers in the electronic and electric industry, the market will prosper in the coming years.

Manish Baghel 0

Thursday, 6 February 2020

Plastic Recycling Market Size 02:45

Plastic Recycling Market Boom to be Led by Europe during 2019–2024

A lot of things in our life are made of plastics, due to their wide availability and the fact that objects made from such materials are rather cost-effective. However, with the increasing production of plastics, the problem of their sustainable disposal is also becoming graver by the day. As plastics aren’t biodegradable, they lead to pollution on land, in water, and even inside bodies of animals. As per the National Geographic Society, around 8.3 billion tons of plastics have been produced till now, and most of it has been in the form of disposable products, but only 9% of it has been recycled.

Therefore, due to the strengthening focus on reusing such materials as much as possible, the plastic recycling market is projected to grow from $41,238.8 million in 2018 to $64,139.7 million by 2024, at an 8.6% CAGR during 2019–2024. Governments in North America and Europe have established several centers for plastic waste collection and sorting, and in some places, recyclers are being offered monetary incentives. Additionally, policies to decrease plastic waste production have been implemented in many places across the world.

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Historically, Europe sent most of its waste to China for recycling, but with the banning of plastic waste import there, European nations have had to reroute their exports to South Asian countries, which have fairly low reprocessing capacities. As a result, recycling is picking up pace in Europe, with a large chunk of the waste being dumped in landfills and incinerators. In 2018, the European Commission adopted the Plastics Strategy, which is aimed at developing better reprocessing technologies. Further, $270 million (EUR 250 million) has been invested to create plastics with better recyclability.

Sheets, packaging, wires and cables, pipes, and molded products are the various sources for recycled plastics. Among these, the largest volume of plastics for recycling came from packaging materials, during 2014–2018. As packaging materials are designed for a short life, they produce considerable amounts of waste. Further, with enhancements in the recycling process, packaging materials are able to maintain their storage consistency and visual attributes. Additionally, the reuse of plastics for the same product they were originally meant for is being encouraged, as reprocessing requires low electricity and is more environmental-friendly compared to the manufacturing of virgin materials.

Food and beverage, household and personal care, automotive, and construction are the most significant industries, from the point of plastic waste generation for reprocessing. Among these, the food and beverage sector contributed the largest volume of the materials for recycling during the historical period. The reason is that the sector employs several kinds of plastics, including high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and polystyrene (PS), for storage, packaging, preservation, transportation, and aesthetic purposes. People throw these away after use, and they are then used by reprocessing plants.

Asia-Pacific is currently the largest plastic recycler, due to its high reprocessing capacity, which is itself a result of the high import as well as locally generated volumes of such waste. Additionally, the low labor cost makes manual activities, such as cleaning, collection, and sorting, cost-effective, which is another reason for the high recycling rate of APAC. During the forecast period, plastic recycling market growth in Europe would be the fastest, as a result of the establishment of more reprocessing plants and strict targets to ensure environment sustainability.

Thus, as plastic waste mounts immense pressure on governments to do something about it, the market for its reprocessing and reuse will keep growing.

Manish Baghel 0