The demand for paints and adhesives across the globe is growing rapidly, which can be ascribed to the rising disposable income of people and increasing construction activities. Because of economic growth, the construction industry in several countries is registering growth, and as the industry is a major consumer of paints and adhesives, their demand is growing as well. In addition to this, due to rapid economic growth, particularly in emerging economies, people are now able to spend more on renovation of their houses. Paints and coating are widely utilized for increasing the aesthetic appeal of building and providing them protection against different weather conditions.

A major chemical utilized in the formulation of paints and adhesives is methylene chloride. Also known as dichloromethane, methylene chloride is a colorless liquid that evaporates easily, has a mild sweet odor, and does not burn with ease. It is utilized extensively as a paint stripper and an industrial solvent. The compound does not occur in the environment naturally and is obtained from wood alcohol or methane gas. According to a report by P&S Intelligence, the global methylene chloride market would generate a revenue of $2,485.5 million by 2023, increasing from $1,818.3 million in 2017, and is predicted to advance at a 5.4% CAGR during the forecast period (2018–2023).

The major applications of methylene chloride are chemical & foam manufacturing, pharmaceuticals, metal cleaning, food & beverages, and paints & varnishes. Among all these, the demand for methylene chloride was the highest for chemical and foam manufacturing applications in the past and the situation is expected to remain the same in the coming years as well. The chemical is utilized in the industry because of its extensive usage in specialty chemical formulations and superior blowing performance. In addition to this, methylene chloride is also utilized as a solvent in the chemical & material industry.

Get a sample copy of this report:
https://www.psmarketresearch.com/market-analysis/methylene-chloride-market/report-sample

Geographically, the Asia-Pacific (APAC) region emerged as the largest methylene chloride market in the past, which is primarily ascribed to the surging production of the chemical in the region, rapidly growing population, and increasing infrastructural activities. In APAC, China and India are among the major consumer of the chemical. Furthermore, companies in the domain from across the globe are shifting their production bases to the APAC region, owing to the strict environmental regulations and rules laid down by the governments of various countries, primarily those in the European region, banning the utilization of methylene chloride in paint stripper applications.

In conclusion, the demand for methylene chloride is being driven by the surging utilization of paints and adhesives in the construction industry.

The demand for purified terephthalic acid (PTA) is growing at a rapid pace. PTA is utilized widely in the production process of polyester, including polyethylene terephthalate bottle resins, polyester fiber, and polyester film. The demand for polyester fiber in countries such as India and China is high, as it is utilized in the production of fabrics for home furnishing and apparel. The growth of the textile industry, owing to the rising disposable income and expansion of the e-commerce industry is also driving the demand for polyester fiber across the globe.

Other than this, PET bottles are used extensively by the food and beverages industry in storage applications for different products, such as sports drinks, soft drinks, fruit juices, dressings, oils, and sauces. All these factors are resulting in the growing demand for PTA, which, in turn, is driving the requirement for acetyls around the globe. Acetyls are a group of chemicals that are utilized as intermediates for a number of applications, such as solvents in water-based paints and adhesives. It is because of these factors that the global acetyls market is projected to progress at a significant rate in the coming years.

These organic compounds consist of methyl group that is reacted with a carbonyl by having a single bond. The chemical process of formulating acetyl group into a molecule is referred to as acetylation. Acetyls are present in acetylcholine, acetylsalicylic acid, acetylcysteine, acetaminophen, and acetic acid. Different product types of acetyls are acetic anhydride, acetic acid, ethyl acetate, and vinyl acetate monomer. Out of all these, the demand for acetic acid was the highest in the past and the situation is predicted to remain the same in the near future as well.

Get a sample copy of this research:https://www.psmarketresearch.com/market-analysis/acetyls-market/report-sample

Acetic acid is an important ingredient for the manufacturing of a number of chemicals, when are then utilized in end-use industries such as food & beverages, textiles, inks, and synthetic fibers. Apart from this, the demand for vinyl acetate monomer (VAM) is also expected to increase considerably in the near future, since it is used as an intermediate in the manufacturing of various homopolymers and copolymers, such as polyvinyl acetate, ethylene vinyl alcohol, and polyvinyl acetate. These products are then utilized in several industries, namely paints & coatings, paper and packaging, and textiles. In addition to this, VAM is also utilized in the manufacturing of adhesives.

When geography is taken into consideration, the Asia-Pacific (APAC) region emerged as the largest acetyls market in the past. This can be majorly attributed to the growth of several industries, such as construction, packaging, and furniture, in countries including China and India. In the region, China is the major consumer of acetyls, the reasons for which are rising demand from the paints & coatings industry, expansion of the textile industry, and increasing demand for adhesives in construction and furniture industries in the country.

Hence, the demand for acetyls is growing due to their wide consumption in the formulation of PTA and growth of the end-use industries.

The soaring geriatric population is one of the major factors fuelling the surge in the demand for pharmaceutical fine chemicals throughout the world. According to the World Population Ageing 2019 report published by the United Nations Department of Economic and Social Affairs (UNDESA) in 2019, the total number of people in the world aged 65 years and above was found to be 703 billion in 2019, and this number is predicted to rise to 1.5 billion by 2050. The consumption of medical drugs is very high amongst the geriatric people, owing to their higher susceptibility to various diseases.

The increasing manufacturing of medical drugs is another important factor boosting the demand for pharmaceutical fine chemicals across the world. Due to these factors, the global pharmaceutical fine chemicals market reached valuation of $100.3 billion in 2019. This market is also predicted to exhibit a CAGR of 6.2% during the forecast period (2020–2030). The pharmaceutical fine chemicals are mainly used in neurological, cardiovascular, oncological, respiratory, musculoskeletal, and gastrointestinal applications. Amongst these, the cardiovascular applications are expected to record the highest usage of pharmaceutical chemicals during the forecast period, owing to the rising prevalence of cardiovascular diseases across the world.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/pharmaceuticals-fine-chemicals-market/report-sample

There are two types of drugs used in the pharmaceutical fine chemicals- proprietary and non-proprietary. Between the two drugs, the revenue generated from the sales of the fine chemicals for proprietary drugs was higher in 2019, owing to the fact that the production of these drugs requires strong research and development (R&D) projects, high capital investment, proper and up-to-the-mark quality control measures, and compliance to strict regulations. The high demand for these drugs for use in several applications is making the pharmaceutical companies improve their quality test procedures in order to make the drugs safe and effective.

The main components of the pharmaceutical fine chemicals are active ingredients, advanced intermediates, and basic building blocks. Amongst these, the active ingredients registered the highest demand in 2019, on account of the fact that these ingredients are the most essential component of the drugs. The intended therapeutic effect of the drug is caused by the active ingredients. During the production of pharmaceuticals, the active ingredients are used together with a non-active medium called the excipient. This non-active medium takes the drug through the human body.

Geographically, Asia-Pacific (APAC) is predicted to observe the fastest growth in the usage of pharmaceutical fine chemicals during the forecast period, due to the increasing R&D investments and soaring government measures for the development of medicines for the diseases that don’t have a cure currently. For instance, the Indian Government has asked the major drug manufacturing companies in the country for feedback on the various tax related incentives that have been recently implemented for increasing the R&D investments in the country. Due to these factors, the pharmaceutical fine chemicals market will boom in APAC in future.

Hence, it is clear that due to the surging geriatric population and the rising incidence of chronic diseases, the demand for pharmaceutical fine chemicals will skyrocket across the world in the coming years.

The demand for products such as feminine hygiene pads, diapers, and toddler training products is growing rapidly, which can be attributed to the increasing awareness regarding personal care and hygiene and rising disposable income of people. In addition to this, the increasing geriatric population in countries including Italy, Germany, and Japan, is also leading to a rising need for adult incontinence products. These products are made up of spunbond nonwoven fabrics, which is why their rising demand is leading to the increasing requirement for spunbond nonwoven fabrics. These fabrics are made of continuous filaments that are produced by an integrated web formation, fiber spinning, and bonding process.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/spunbond-nonwovens-market/report-sample

This process eliminates intermediate steps and is the shortest textile route for getting from polymer to fabrics in one step, which helps in rising production and reducing cost. The spunbond nonwoven technology was first developed in the U.S. and Europe, simultaneously, in the late 1950s. These fabrics have excellent properties and high process efficiencies, thereby making them suitable for applications in different industries. Owing to these factors, the global spunbond nonwovens market is predicted to generate revenue of $17,651.9 million in 2023, increasing from $11,040.1 million in 2017, progressing at an 8.1% CAGR during the forecast period (2018–2023).

The different material types that are used for making spunbond nonwoven fabrics are polyurethane, rayon, polypropylene, polyamide, polyethylene, and polyester. Out of these, the demand for polypropylene was the highest in the past, which can be ascribed to the lower price, high chemical resistance, and superior strength of these materials. Drapes, baby, adult, and female diapers, wipes, surgical disposables, and bags are some of the products that are made using polypropylene. These fabrics can be disposable or non-disposable, between which the demand for disposable spunbond nonwovens was higher in the past, as they are used for different applications.

Packaging, hygiene & personal care, automotive, medical, building & construction, and agriculture are different application areas of spunbond nonwovens. Some other application areas are apparel, filtration, and bedding & furniture. Owing to the rising awareness regarding personal hygiene in emerging countries, such as Indonesia, China, Brazil, and India, the demand for spunbond nonwoven fabrics was the highest for applications in hygiene and personal care industry. The demand for these fabrics is also projected to increase for applications in the medical industry in the near future due to the growing healthcare expenditure.

The Asia-Pacific region emerged as the largest spunbond nonwovens market in the past. This is ascribed to the fact that India, China, and Japan are among some of the most populated countries and thus create high requirement for the fabric to manufacture personal hygiene products. In addition to this, the demand for spunbond nonwovens in the region is also projected to increase because of the swift industrialization in different industries.

In conclusion, the requirement for spunbond nonwovens is expected to rise, owing to the surging demand for personal care and hygiene products particularly in developing countries.  

One of the major factors propelling the demand for levulinic acid is the large-scale commercialization of this chemical across the world. The commercialization of levulinic acid will lower its production costs and this will in turn lead to its large-scale production by many companies all around the world. The production of levulinic acid from various biomass products causes the formation of end-products such as formic acid, furfural acid, and lignin waste that can be used in various commercial applications.

Get a sample copy of this research:
https://www.psmarketresearch.com/market-analysis/levulinic-acid-market/report-sample

The other major factor responsible for the surging demand for levulinic acid is the rising usage of various levulinic acid derivatives, such as ethyl levulinate, hydroxymethylfurfural (HMF), diphenolic acid, sodium levulinate, and succinic acid, in a plethora of applications such as personal care products and cosmetics. Since the last few years, the demand for various bio-based materials such as organic fragrances and cosmetics has increased tremendously and this has boosted the utilization of levulinic acid derivatives like sodium levulinate, which is a sodium salt of levulinic acid, in the personal care industry.

Driven by the above-mentioned factors, the valuation of the levulinic acid market is set to rise from $26.3 million to $34.5 million from 2018 to 2024. The market is also expected to advance at a CAGR of 4.9% during 2019–2024 (forecast period). Levulinic acid is used in a wide array of applications, such as pharmaceuticals, food additives, personal care products, agricultural products, fuel additives, and plasticizers. Amongst these, fuel additives and associated applications recorded the highest usage of levulinic acid in 2018 and this trend is expected to continue during the forecast period as well.

Levulinic acid is commonly produced with the help of biofine and acid hydrolysis technologies. Of these, the biofine technology observed the highest adoption for the production of levulinic acid in 2018 and this trend is also predicted to continue during the forecast period, owing to the fact that the biofine technology allows the production of levulinic acid without the incorporation of any microorganisms for monomer fermentation. This technology also allows the use of heterogeneous lignocellulosic resources, which are very helpful for the production of various levulinic acid derivatives such as methyl levulinate, succinic acid, diphenolic acid, and ethyl levulinate.

Globally, North America observed the highest usage of levulinic acid in 2018. Furthermore, the levulinicacid market is expected to boom in the region during the forecast period. This is primarily ascribed to the rising need for this chemical in a wide array of applications such as cosmetics, agricultural products, and fuel additives, in the region. Additionally, the increasing implementation of strict regulations aimed at prohibiting the large-scale usage of pesticides and herbicides in North America, is expected to further boost the demand for bio-based products such as levulinic acid in the region in future.

Therefore, it can be said with full confidence that owing to the rising demand for bio-based products and the mushrooming usage of various levulinic acid derivatives in different applications, the demand for levulinic acid will surge throughout the world, in the coming years.