Various initiatives are being taken in the automotive industry for developing vehicles that are light in weight. As the focus towards fuel efficiency is rising, manufacturers are opting advanced ways to decreasing the weight of the weight of the vehicle. Since the weight of the vehicle directly impacts the fuel efficiency, manufacturers are investing widely in research & development for developing lightweight vehicles. Electric vehicles especially need to be light in weight for providing enhanced efficiency.

 

These days, manufacturers are using adhesives and sealants for bonding different parts of vehicles instead of steel fixtures, such as bolts and nuts. These adhesives provide the needed strength to the vehicle, while making sure that its weight is reduced. Ascribed to this, the global automotive adhesives and sealants market is registering substantial growth at the present time. Moreover, governments of different countries are implementing strict safety regulations and standards for automobiles. The rising number of road accidents have been compelling authorities to take severe steps for ensuring the safety of people. 

 

Additionally, consumers are also becoming widely aware regarding safety of vehicles, owing to which, the demand for adhesives and sealants is growing as well. These products make sure that automobile parts are equipped with necessary strength. Furthermore, adhesives have the ability to absorb the impact of head-on collisions. This rising focus on vehicle safety is further projected to result in the growth of the market. 

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The automotive adhesives and sealants market is predicted to reach a value of $12,646.8 million by 2030, increasing from $7,438.2 million in 2019, demonstrating at a 7.0% CAGR during the forecast period (2020–2030). In terms of type, the market is categorized into epoxy, silicones, acrylics, hot melts, polyurethanes, PVC, and rubber, out of which, the epoxy category accounted for the largest share of the market in 2019. This is because of the superior properties of epoxy adhesives, including rigid bonding, which aid in increasing the structural integrity of vehicle. 

 

When vehicle is taken into consideration, the market is categorized into heavy & medium commercial vehicle, light commercial vehicle, and passenger cars, out of which, the passenger car category is expected to hold the major share of the market during the forecast period. The rising demand for passenger vehicles, owing to the high disposable income in India, China, and Brazil, is leading to the growth of the category. 

 

Geographically, the Asia-Pacific region dominated the automotive adhesives and sealants market during the historical period (2015–2019), and the region is further predicted to witness the fastest growth during the forecast period. This is because of the quick development of urban infrastructure, increasing economic growth rate, and rising purchasing power of people in the region. In addition to this, technological advancements regarding adhesives are also helping manufacturing in producing fuel-efficient and lightweight vehicles. 

 

In conclusion, the market is being driven by the rising demand for lightweight vehicles and increasing implementation of strict regulatory policies across the globe.

This expansion of the e-commerce industry is also driving the growth of the packaging industry. Owing to all these factors, the global packaging adhesives market is projected to grow at a significant pace in the coming years. These adhesives are an important part of the packaging industry, and hence, the growth of the industry is bound to lead to their high demand. Packaging adhesives provide the needed strength and resilience to packaging materials so that the inside product can remain safe from any kind of harm.

In conclusion, the market is being driven by the expanding e-commerce industry and need for sustainable packaging adhesives.  

With the rapid growth of the nonwoven polypropylene fiber industry, the demand for polypropylene is rising rapidly all over the world. As per an article published in the International Fiber Journal, 14.9 million tons of nonwoven roll goods were used across the world in 2018. The staple fiber accounted for 59% of the worldwide nonwoven industry. Out of this, the polypropylene staple fibers recorded 11% share in the industry. This amounts to nearly 1.0 million tons.

This was because of the increasing requirement for polypropylene staple fibers in various end-use applications such as needle punch durables that are consumed by vehicle components, geotextile, coating substrate, blankets, indoor & outdoor carpeting, bedding, and upholstered furnishing. Besides this, the growing utilization of polypropylene in the packaging industry is also fueling the surge in its demand all over the world. The rising customer requirement for sustainable packaging is propelling the usage of this material in packaging applications.

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The high tensile strength of polypropylene makes it ideal for use in the packaging industry, where the demand for sustainability is growing rapidly, mainly because of the rising waste generation by the industry. Because of these factors, the sales of polypropylene are ballooning around the world, thereby causing the boom of the global polypropylene market. The valuation of the market is predicted to rise from $122.7 billion to $226.8 billion from 2019 to 2030.

Furthermore, the market is predicted to demonstrate the fastest growth in the APAC region in the upcoming years. This would be a result of the increasing utilization of polypropylene in consumer & institutional, packaging, transportation, building & construction, electrical & electronic, machinery, and furniture & furnishings industries. Because of the low cost and excellent moldability and mechanical properties of the material, it is extensively used for replacing the automobile weight and improve the fuel economy.

Hence, it can be safely concluded that the demand for polypropylene would surge all over the world in the forthcoming years, primarily because of the rising requirement for the material in the packaging industry and the boom of the nonwoven polypropylene fiber industry around the world.

 The increasing global population is the biggest reason behind the surging requirement for both non-consumable and consumable products across the world. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), “the global population is rising at a high pace, and it is expected to reach 8.6 billion in 2030, 9.8 billion in 2050, and 11.2 billion in 2100, from 7.6 billion in 2019, with roughly 83 million people being added every year”. 

 

As a result of this rapid rise in population, the requirement for various products will surge, which will, in turn, fuel the demand for retail e-commerce packaging solutions across the globe. This because most of the consumable and non-consumable items are sold through online channels these days. In addition to the ballooning population, the increasing penetration of the internet and the rising usage of smartphones are massively boosting the demand for retail e-commerce packaging. 

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This is because many people are nowadays preferring to shop online, owing to the availability of internet connection, the convenience of home delivery, and great discounts provided by the e-commerce companies on various products. Furthermore, the COVID-19 pandemic has massively pushed up the popularity of online shopping, which has, in turn, augmented the growth of e-commerce companies. As per the World Trade Organization, “the enforcement of social distancing, lockdowns, and other measures, in response to the COVID-19 pandemic, has led consumers to ramp up online shopping activities, social media usage, internet telephony and teleconferencing usage, and video and film streaming”.

 

Because of the aforementioned reasons, there has been a sharp rise in the online sales of household items, food products, and medical supplies in the last few months, which has subsequently caused a steep surge in the requirement for retail e-commerce packaged items. As a result, the value of the global retail e-commerce packaging market is predicted to rise from $19,022.7 million to $68,388.1 million from 2019 to 2030. Moreover, the market is predicted to advance at a CAGR of 12.1% between 2020 and 2030. 

 

Depending on material type, the retail e-commerce packaging market is divided into envelopes, boxes, and others, that include bubble wraps, tapes and labels, and air cushions. Out of these, the boxes division recorded the highest growth in the market in the past and this trend is likely to continue in the coming years as well. This is ascribed to the fact that the products packaged in boxes are better protected from any kind of damage, on account of the higher durability and strength offered by boxes in comparison to the other packaging materials. 

 

Fashion and apparel, food and beverages, cosmetics and personal care, furniture and home furnishing, and consumer and electronics are the main end users of the retail e-commerce packaging solutions. Amongst these, the cosmetics and personal care products will generate considerably high requirement for e-commerce packaging in the future years, primarily because of the soaring disposable income of people around the world. Moreover, people are increasingly preferring to buy these products online because of the availability of a wide range of products in various digital platforms.

 

Geographically, the Middle East and Africa (MEA) retail e-commerce packaging market will be very prosperous in the forthcoming years, as per the forecast of the market research firm, P&S Intelligence. This is attributed to the rising focus of the governments of the MEA countries such as the U.A.E. and Saudi Arabia on diversifying their economy, which is heavily dependent on the revenue generated from the sales of oil and gas. In addition to this, major e-commerce companies are rapidly setting up their warehouses and plants in this region, which is, tremendously boosting the advancement of the market in the region.

 

Therefore, the requirement for retail e-commerce packaging solutions will skyrocket all over the world in the upcoming years, primarily because of the increasing penetration of the internet and the rising popularity of online shopping.

In conclusion, the growth of the personal care industry across the globe is driving the demand for aerosols.

The economic situation in various emerging economies has improved significantly, owing to which, the disposable income of people has increased as well. Ascribed to this, the expansion of the automotive sector has been steady in countries including Brazil, China, Mexico, and India. As the purchasing power of people in these countries has grown, they are spending widely on new vehicles. In addition to this, the awareness regarding the use of lubricants for proper functioning of vehicles has risen as well.

Attributed to these factors, the global lubricants market is predicted to reach a value of $115,350.6 million by 2030, rising from $95,403.9 million in 2019, exhibiting a 2.3% CAGR during the forecast period (2020–2030), according to a report by P&S Intelligence. Even though lubricants are utilized in a number of industries, the awareness regarding its utilization has been mostly limited to the western world up till now. But these days, the situation seems to be changing for the better.

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People in developing countries as well have started becoming aware about the advantages of utilizing lubricants in vehicles, machinery, and other equipment. Furthermore, enterprises in the domain have also started adopting different marketing strategies for creating more awareness about their products. For example, companies are adopting methods such as promotional campaigns and trade shows, in addition to offering free samples to customers. This is predicted to lead to increased interest among consumers, thereby resulting in high demand for lubricants.

Geographically, the Asia-Pacific region emerged as the largest lubricants market in the past, owing to the shift of manufacturing plants to Asian countries from across the globe. Countries including India and China have less strict environmental regulations and rules and less labor cost, as compared to western countries, owing to which, manufacturing plants are being shifted in these countries. The demand for lubricants is also expected to increase in Middle East and Africa in the years to come.

Hence, the market is growing due to the rising sales of vehicles and increasing awareness about lubricants in emerging economies.

In conclusion, the demand for PTFE is growing because of the expansion of the electrical & electronics industry.

The booming economies of developing nations such as India, Brazil, and China have massively increased the disposable income of the people in these countries, which has in turn, boosted their spending power. This has also considerably spiked the healthcare spending in these countries, thereby propelling the demand for pharmaceuticals products and various medical instruments and equipment. Because of this factor, the sales of medical adhesives is increasing rapidly in these nations and this trend is predicted to continue over the next several years.

The increasing prevalence of surgeries and long-term chronic care therapies is another crucial factor responsible for the growing sales of medical adhesives throughout the world. Due to these factors, the global medical adhesives market is predicted to exhibit a huge growth in its valuation, from $8,714.9 million to $16,367.2 million from 2019 to 2030. Furthermore, the market is predicted to progress at a CAGR of 2.3% from 2020 to 2030, according to the estimates of the market research organization, P&S Intelligence.

Besides medical equipment and devices, medical adhesives are also used in dental, internal, and external medical applications. Out of these, the usage of medical adhesives is predicted to be the maximum in the internal medical applications in the coming years. This is ascribed to the large-scale utilization of bio-adhesives in intracorporal conditions, that involve direct contact with tissues, body fluids, and organs for mitigating the complications arising from internal bleeding. In addition to this, “the increasing incidence of medical conditions requiring treatment of internal organs and tissues will generate huge demand for medical adhesives in future”.

Globally, the sales of medical adhesives was found to be the highest in North America in the last few years. This is credited to the high spending power of the people in various North American countries, rapid innovations in the healthcare industry, and the presence of numerous government programs and schemes such as Medicare, Medicaid, veterans’ health administration, and the children’s health insurance program. These healthcare programs and schemes accounted for almost 60—65% of the total healthcare spending and provision in the region in the past.

“The North American medical adhesives market is also predicted to be the most lucrative in the future years”. This is because of the escalating demand for needles, medical devices, thermometers, equipment syringes, first-aid kits, plastic tubes, surgical sutures, and stretchers in the region. In addition to this, “the ongoing COVID-19 pandemic is creating huge demand for PPE kits and thermal scanners in the region, which is in turn, fuelling the rapid growth of the market”.

Hence, the sales of medical adhesives will rise considerably across the world in the upcoming years, mainly because of the increasing healthcare spending, rising prevalence of surgeries, chronic diseases, and internal medical conditions and the increasing awareness about hygiene practices and protective medical equipment.

 In 2019, the global fatty acid esters market generated a revenue of $2,240.9 million and is predicted to progress at a CAGR of 4.6% from 2020 to 2030. According to the forecast of the market research firm, P&S Intelligence, the market would attain a valuation of $3,688.9 million in 2030. The growing public awareness about bio-lubricants and the burgeoning requirement for the substance in the personal care and cosmetics industry are the key factors driving the advancement of the market.

In recent years, there has been a sharp surge in public awareness regarding the various benefits of bio-based fatty acid esters and their ability to be used as excellent lubricant additives in metal-cutting, hydraulic, and automotive applications. Additionally, these environment-friendly esters offer high lubricity and provide a less toxic and cleaner work environment than the traditional lubricants. These esters have highly affordable prices, owing to which, they are increasingly being preferred in various applications.

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As a result, the governments of several countries are increasingly preferring bio-based lubricants over petroleum-based ones. Depending on product type, the fatty acid esters market is divided into oleates, TOFA-based esters, pelargonates, dimerates, stearates, laureates, and palmitates. Out of these, the oleates category recorded the highest growth in the market in the years gone by. This category is also predicted to register an explosive growth in the market in the coming years.

Apart from the aforementioned factors, the high requirement for these esters in surfactants as an emulsifying agent and the huge sales of personal care products such as body washes, detergents, and shampoos also contributed to their high sales in APAC in the last few years. In the near future, the market is predicted to demonstrate rapid expansion in APAC, primarily because of the rising disposable income of the people and the growing popularity of organic care products in the region.

From homes to hospitals, plastics are an integral part of human life. Plastic objects are often durable enough and a lot cost-effective than those made of metal and wood, which is why their usage for almost everything is rapidly increasing day by day. While the material is versatile and convenient, it also has a sinister side. It takes an eternity to decompose, while certain types of plastics don’t decompose at all, which is leading to mounting waste and pollution.

 

Due to the dangers of abandoned plastic to the soil and wildlife and the emission of harmful gases from its burning, the focus on reprocessing discarded plastic objects and reusing the material thus obtained is rising. P&S Intelligence says that owing to the rising awareness about plastic pollution, the plastic recycling market will grow from $41,238.8 million in 2018 to $64,139.7 million by 2024, witnessing an 8.6% CAGR during 2019–2024. The process involves segregating the different types of plastic waste and then washing, shredding, melting, and pelletizing it.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The different types of plastics are polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), and various others. Among these, PE has been recycled the most, because it is one of the most-heavily produced plastic. Moreover, PE products don’t have a long life, which is why they are discarded after a short usage duration, thereby leading to a high waste volume. On a positive side, PE is easy to recycle, therefore accounts for a high reprocessing and reuse rate.

Presently, Asia-Pacific (APAC) is the largest plastic recycling market, as it doesn’t only process its own waste, but also of the developed European and North American countries. The large population, which generates huge volumes of plastic waste, and the low labor costs are the key reasons behind the high-volume recycling here. Further, developed countries subject to stringent environment protection targets send most of their waste to the developing APAC countries.

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