The manufacturing sector in India is growing at a rapid pace, and is majorly being driven by the increase in foreign direct investments. As per the India Brand Equity Foundation, the Indian manufacturing sector attained $91.2 billion during April 2000–June 2019. Several government initiatives, such as Make in India, are also resulting in the growth of the sector and opening up opportunities for manufacturing organizations and for the adoption of innovative industrial machinery. This expanding manufacturing sector is creating a rising requirement for metal bonding adhesives in the country, owing to their advantages.

While before, welded bonds and fasteners were preferred for binding different metal substrates, these days, adhesives designed specifically for metal bonding purposes are gaining traction. The utilization of these adhesives instead of traditional methods is cost efficient and further decreases the number of steps in assembly lines, thereby speeding up the overall process. In addition to this, metal bonding adhesives also allow relative movement of parts without affecting the integrity of the machine. Ascribed to these advantages, the Indian metal bonding adhesives market is predicted to attain a value of $343.6 million by 2030, rising from $198.9 million in 2019, growing at a 5.2% CAGR during the forecast period (2020–2030).

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Different types of metal bonding adhesives are rubber, epoxy, polyurethane, acrylic, anaerobic, and cyanoacrylate. Out of all these, the demand for epoxy-based adhesives was the highest in the past, and they are further predicted to be the most in demand in the coming years. This is because of the fact that epoxy adhesives exhibit more resistance to moisture, oil, extreme temperatures, stress, chemicals, and other solvents and are more compatible with different metals, such as stainless steel, aluminum, mild steel, copper, and zinc, as compared to other metal bonding adhesives.

Metal bonding adhesives have various applications, such as construction, automotive, consumer appliances, industrial machinery, and industrial maintenance. Out of all these, the largest demand for these adhesives is projected to be created for applications in the automotive industry during the forecast period. Due to properties of metal bonding adhesives, such as non-flammability, shock resistance, chemical resistance, high bonding strength, and rapid curing speed, they are used extensively in the automotive industry. In addition to this, the swift growth of the automotive industry in the country is further driving the Indian metal bonding adhesives market.

Because of the advent of electric and autonomous cars, the focus on decreasing the weight of these vehicles has risen substantially. Electric cars need to be light in weight in order for them to operate efficiently, which is why manufacturers are increasing making use of metal bonding adhesives instead of nuts and bolts for joining different parts of cars. These adhesives allow electric vehicles to be economical, while increasing their aesthetic appeal.

In conclusion, the demand for metal bonding adhesives in India is growing due to the expanding manufacturing sector and increasing need for reducing the weight of vehicles. 

Be it Diwali, 4^th of July, St Patrick’s Day, New Year’s eve, or a major cultural or sporting event, the use of fireworks is quite popular around the world. While the fireworks themselves have evolved since the time they were invented in China, some 2,000 years ago, their basic chemistry hasn’t. These displays involve the burning of a metals or alkali material, which produces the flame of a particular color. For instance, the color green is mostly imparted to such pyrotechnic displays by a salt called barium nitrate, represented by the chemical formula Ba(NO₃)₂.

Thus, with the increasing usage of fireworks around the world, the barium nitrate market is also continuously growing. Apart from pyrotechnics, another significant application area of the compound is the manufacturing of ceramic powder, which is itself used in capacitors, superconductors, semiconductors, device packaging, and specialized mechanical components. With the expansion in the semiconductors and electrical and electronics industries, especially in Asia-Pacific (APAC), the demand for ceramic powder is rising. This, in turn, is continuously leading to a massive rise in the consumption of Ba(NO₃)_2.

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Yet another purpose for which the salt is used in heavy amounts is the production of glass. As the compound helps in the improvement of the opacity and homogeneity of the glass, it is widely consumed during the manufacturing of optical glass, which is primarily used to manufacture lenses. With an increasing number of people suffering from poor eyesight, as a result of a poor diet, genetic factors, diseases, or other natural causes, the demand for spectacles is rising. Since lenses are the most important component of such medical aids, the production of optical lenses is also rising, thereby leading to an increase in the consumption of barium nitrate.

Among all the uses of the salt, the biggest one is fireworks/pyrotechnics, owing to their growing popularity around the world. It is not just festive celebrations that such displays are employed for, but also for the inaugurations of buildings and other prominent structures. Moreover, in several parts of the world, they are also widely used during weddings, especially those involving a lot of fanfare. With the increasing disposable income, primarily in developing countries, an increasing number of people are purchasing fireworks for personal and social uses, thus driving the consumption of Ba(NO₃)_2.

Taking into consideration the geographical scenario, the most significant contributor to the barium nitrate market has been Asia-Pacific (APAC). This has been primarily a result of the consumption of the compound in huge amounts in the production of pyrotechnics, for domestic as well as industrial use. Numerous festivals in the region, such as Diwali, Chinese New Year, and the hordes of regional celebrations in India involve such displays. Similarly, the New Year’s fireworks at Sydney Harbour Bridge in Australia and Marina Bay in Singapore are some of the most famous in the world.

One of the major factors fuelling the surge in the demand for ceramic matrix composites (CMC) is the soaring need for lightweight components in the aerospace industry. CMCs, which have a high strength-to-weight ratio, offer excellent mechanical properties, which propel their demand in various aerospace applications, such as helicopter rotor blade sleeves, power transmission lines, fighter aircraft ventral fins, and jet engine fans. Due to the increasing aircraft production, especially in European nations, because of the mushrooming international trade, the demand for CMCs is predicted to increase significantly in the coming years.

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Due to the ability of CMCs to provide increased durability, reliability, wear resistance, and stiffness, they are also increasingly being used in the defense sector, which further fuels the growth in their demand across the world. Due to these factors, the global ceramic matrix composites market is expected to experience an increase in its value from $1,891.3 million in 2015 to $6,006.1 million by 2024. The market is also predicted to advance at a 13.7% CAGR during 2016–2024 (forecast period). 

Composite materials consist of at least two parts — a matrix material, which holds everything together, and the reinforcement, which provides various mechanical properties, such as strength or stiffness. CMC refers to a special type of composite material, in which both the matrix material and reinforcement (refractory fibers) are ceramics. They are used in defense, aerospace, electrical & electronics, and energy & power applications. Amongst these, aerospace applications recorded the highest usage of CMCs in 2015, mainly on account of their wide-scale utilization in the manufacturing of jet engine fans and helicopter rotor blade sleeves.

The CMC market is currently observing the increasing adoption of CMCs in automotive applications. CMCs play a major role in reducing a vehicle’s weight, which, in turn, leads to the vehicle attaining high fuel efficiency and causing less environmental pollution. Moreover, the stringent environmental regulations and policies implemented in several countries are boosting the adoption of eco-friendly and fuel-efficient vehicles, thereby fuelling the growth in the demand for CMCs across the globe.

Globally, North America recorded the highest sales of CMCs in the past. This is mainly attributed to the wide-scale usage of these materials in the defense and aerospace industries in the U.S. In addition to this, the ballooning electronics manufacturing sector in the country is expected to further push the demand for CMCs in the coming years. The Asia-Pacific (APAC) region, owing to the soaring expenditure on space exploration and defense projects and the surging power generation sector in several countries, is predicted to witness the fastest growth in the usage of CMCs during the forecast period.

Hence, it is clear that due to the burgeoning utilization of CMCs in numerous industries, on account of their lower weight and higher strength-to-weight ratios, the demand for them will surge in the coming years.

Compared to 120 million in 2018, India is expected to be home to 220 million online shoppers by 2025, says the India Brand Equity Foundation (IBEF). Consequently, from $38.5 billion in 2017, the Indian e-commerce industry would mushroom to $200 billion by 2027. This is a result of the rapidly increasing uptake of smartphones and rising number of people who can access the internet. Online platforms, such as Amazon, Ebay, Myntra, and Jabong, are already doing robust business in the country. The situation in the rest of the world is similar, where the number of online shoppers is rapidly surging.

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With the growing volume of shipments, e-commerce companies are using an ever-increasing amount of corrugated packaging material. Thus, with the expansion of e-commerce, the corrugated packaging market is predicted to witness an increase in its size, to $294.3 billion by 2023, from $237.5 billion in 2017, at a 3.7% CAGR during the forecast period (2018–2023). Corrugated packaging includes those typical brown boxes in which electronic gadgets, personal care products, and even clothes are delivered at home. It is made from paperboard, which is itself made from paper pulp, so is entirely biodegradable.

The concerns raised over the use of plastic boxes, which are not degradable, and hence, cause surface pollution, have been one of the major reasons behind the switch to paperboards. Though plastics are easily recyclable, most of it goes into the trash, instead of a reprocessing facility. As per the estimates by the National Geographic Society, since the 1950s, 6.9 million tons of plastic has been produced, but only 0.6 million tons has made it to recycling plants. Therefore, to cut the problem of plastic pollution at the source, corrugated packaging is being promoted.

Another reason the usage of such packaging materials, or packaging materials in general, is increasing is the rising manufacturing output. As per the World Bank, the gross domestic product (GDP) around the world has steadily increased from $60.334 trillion to $85.91 trillion during 2009–2018. With the volume of goods being produced increasing year-on-year, the logistics, shipping, and transportation activities are rising too, which is leading to a surging demand for various packaging materials, including paperboards and fiberboards.

Corrugated packaging materials are used for the transportation of fresh food and produce, processed food, personal and household care products, beverages, paper products, chemicals, glassware and ceramics, electrical and electronics goods, wood & timber, tobacco, mail & post items, textiles, footwear, furniture, and apparel. Among these, corrugated packaging was used most for the transport of processed food up till the last few years, as such stuff requires flexible and secure packaging to offer customers convenience.

The consumption of processed food has ballooned up in emerging economies in the last 10–15 years, owing to an increase in the disposable income of the people. Processed food is generally more expensive than fresh food or that which is sold loose, which is why earlier, the consumption of packaged food stuff has high in developed countries, but not in developing ones. But, with rapid industrialization and migration of people from the rural areas to urban pockets in emerging companies, their wages increased and so did their purchasing power, which is why chips, soft drinks, chocolates and other such products are becoming popular here.

This is also why Asia-Pacific (APAC) was the largest corrugated packaging market during the last 5–6 years and the situation would be the same, at least till 2023. Apart from packaged food, the sale of other non-durable and durable goods is also growing in India, Indonesia, and China, which leading to a rising requirement for packaging materials. Additionally, with a strong focus on sustainability, the consumption of eco-friendly materials, such as paperboard boxes, is surging.

Therefore, with economic prosperity around the world, the demand for corrugated packaging would continue to rise.