The key driving factors for the structural adhesives market are the increasing demand for such materials in the footwear industry and their rising consumption in infrastructure projects. As a result, the value of the industry will display a 5.2% CAGR during 2019–2024 (forecast period), to advance from $11,677.9 million in 2018 to $15,683.0 million by 2024. Such materials are used to join substrates or components of structures that are under high physical stress for long periods.

Epoxy, acrylic, polyurethane, cyanoacrylate, and others are the categories of the market, based on type. Among these, during the historical period (2014–2018), the market was led by the acrylic category, due to the high peel strength and sheer of acrylic structural adhesives. This is why such adhesives can join plastic and metallic surfaces in footwear, woodwork, building & construction, and do-it-yourself (DIY) applications. The epoxy category is expected to witness the fastest growth during the forecast period, owing to their rising usage in end-use industries, especially for riveting and welding.

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The growing infrastructure industry is the biggest driving factor for the structural adhesives market advance. Due to the population boom, the demand for houses, civic infrastructure, commercial spaces, and industrial settings is rising. This is driving construction activities around the globe, especially in China, the U.S., and India. Structural adhesives make the structures they are used on resistant to chemicals, heat, and humidity, which is why these materials are being widely used on bridges, buildings, railway infrastructure, and roads.

During the historical period, Asia-Pacific (APA) was the largest structural adhesives market, and the situation is set to remain unchanged till 2024. The construction industry in regional countries, especially India and China, is growing on a massive scale, as a result of the burgeoning population, a lot of which is now moving to cities. Additionally, structural adhesives are being widely consumed in the packaging, automotive, and manufacturing industries for joining plastic and metallic substrates.

Hence, as the focus shifts away from weaker adhesives and nuts and bolts, the demand for structural adhesives will rise further.

The construction industry has been registering significant growth across the globe, owing to the surging population in countries including the U.S., India, China, and the U.K. Moreover, the growing number of overseas buyers have also been responsible for the expansion of the construction sector. This is further resulting in the huge investments in hotels, residential apartments, civic infrastructure, and retail centers. Ascribed to this growing construction industry, the demand for paints & coatings has been rising as well. 

The global industrial gases market is expected to reach a value of $154.079.5 million by 2030, increasing from $92,392.4 million in 2019, progressing at a 5.5% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The key factors leading to the growth of the market are the rising government initiatives regarding alternate sources of energy, wide range of applications, and advancing healthcare industry, owing to rising expenditure in the industry. 

The Asia-Pacific region accounted for the largest share of the industrial gases market in 2019, and the situation is likely to remain the same during the forecast period as well. The huge base of manufacturing industries in Japan, China, South Korea, and India, due to low labor cost and less strict environmental regulations, is driving the regional domain. The region is further projected to witness the highest growth due to the surging population and rising spending power of people in the country, owing to increasing per capita income. 

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The increasing initiatives by governments for alternate sources of energy is expected to drive the industrial gases market in the coming years as well. The concerns regarding carbon emissions from fossil fuels have been surging at the present time, owing to which, the worldwide interest is shifting form traditional energy to green and sustainable energy. Presently, solar PVs are an important source of green energy. Industrial gases are used in the PV sector for reducing silicon losses and wafer production during the ingot sawing process. 

Hence, the market is growing due to the large end-use industrial base and rising initiatives for shifting towards alternate energy sources.

 The global bismuth nitrate market generated a revenue of $190.6 million in 2019, and is projected to progress at a 5.1% CAGR during the forecast period (2020-2030), according to a report by P&S Intelligence. The major factors driving the market are the swift expansion of the pharmaceutical sector in Asia-Pacific (APAC) and rising adoption of bismuth nitrate over other derivatives of bismuth. In terms of grade, the market is divided into industrial grade and pharmaceutical grade. 

Between the two, the pharmaceutical grade held the major share of the market in 2019, in terms of value, owing to the high consumption of this compound for manufacturing of drugs. Furthermore, rising investments are being made in research & development activities for discovering novel applications of pharmaceutical grade of the compound in the medical industry. This is projected to result in the rising demand for pharmaceutical grade bismuth nitrate during the forecast period, thereby leading to the growth of the market. 

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When application is taken into consideration, the bismuth nitrate market is categorized into chemical manufacturing and drug formulation, between which, the drug formulation category accounted for the larger share of the market in the past. The compound is capable of preventing any sort of damage to bone marrow or kidneys of cancer patients, which can be caused during the treatment of the disease. In addition to this, duodenal ulcers can be cured using drugs that are formulated by making use of bismuth nitrate. 

Geographically, the Asia-Pacific (APAC) region dominated the bismuth nitrate market in 2019, and the region is further expected to register the fastest growth during the forecast period. The rising R&D activities in the pharmaceutical sector for developing drugs for diseases that cannot be cured at the present time is driving the demand for bismuth nitrate in APAC. Moreover, the increasing number of people suffering from cancer is also resulting in the growth of the regional domain.

The electrical & electronics sector has been witnessing significant growth over the past few years. As per the Semiconductor Industry Association, the worldwide demand for semiconductors reached a shipment of more than 1 trillion units. In addition to this, the sales of semiconductors in China rose by more than 20.5% in 2018 as compared to 2017. The disposable income of people around the world is increasing, owing to which, they are able to afford different electronics items. This expansion of the industry is bound to create requirement for materials that are utilized in the production of different products. 

The concerns regarding swift fossil fuel depletion has been surging for a few years now. At the present time, a number of industries are dependent upon fossil fuels, as petroleum-based products are highly common. However, due to the extensive usage of fossil fuels has led to their depletion. Owing to this, there is a pressing need for finding alternatives to fossil-fuel based products. This is predicted to result in the growing demand for green chemicals across the globe. 

Green chemicals are manufactured using animal or plant waste, which are abundantly available around the world. These chemicals further won’t cause as much harm to the environment as fossil fuels. In addition to this, green chemicals have the capability to serve as a low-cost alternative to fossil fuels. Ascribed to such advantages, the global green chemicals market is predicted to grow at a considerable pace in the years to come. 

The increasing utilization of bio-based packaging is projected to result in the growing requirement for green chemicals. Owing to the eco-friendly nature of bio-based packaging solutions, they are being adopted extensively all over the world. These products further need lesser raw products for products, have low production cost, and are non-toxic in nature. Green chemicals or renewable chemicals are utilized for the production of bio-based packaging, which is why their demand will rise as well. With the surging environmental concerns, industrial scenario is being largely defined by advanced eco-friendly products.

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The green chemicals market is projected to generate a revenue of $18,474.2 million by 2030, increasing from $9,540.0 million in 2019, and is predicted to register a 6.6% CAGR during the forecast period (2020–2030). On the basis of application, the market is divided into agriculture, automotive, packaging, personal care, and food & beverages. Out of these, the market was dominated by the food & beverages application in 2019, and the situation is expected to remain the same in the coming years as well. 

The high demand for food additives that are manufactured using natural ingredients, such as organic acids, is leading to the high demand for green chemicals in the industry. For example, lactic acid is used for food preservations and polypropylene glycol is used for pet food, food flavorings, and animal feed. The personal care division is predicted to advance at the fastest pace during the forecast period due to the increasing awareness about advantages of bio-based personal hygiene and beauty products. 

According to a study conducted by P&S Intelligence, the European region is accounted for the major share of the green chemicals market during the historical period (2014–2019), owing to the rising environmental concerns in the region. Moreover, the rising support from various organizations and governments in the region is expected to drive the adoption of eco-friendly chemicals. The Asia-Pacific region is expected to grow at the fastest pace during the forecast period, owing to the high demand for these products from industries. 

Hence, the market is projected to grow due to the increasing requirement for bio-based packaging and depleting fossil fuels.

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.

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.