Growing Demand for Electronics Goods Powering Demand for Mold Release Agents in India

The rapidly growing construction sector in India is causing a massive surge in the sales of mold release agents, mainly because of their extensive usage in various concrete brick formations. Due to the rising government initiatives and the soaring investments being made in this sector, the requirement for concrete bricks is rising rapidly across the country. For example, government programs such as the Smart City Mission and Housing for All are predicted to propel the advancement of this sector. 

Due to the aforementioned factors, the Indian mold release agents market is predicted to grow substantially in the coming years. The market value is predicted to increase from $114.6 million in 2018 to more than $153.9 million by 2024. Furthermore, the market is predicted to demonstrate a CAGR of 5.2% from 2019 to 2024. Depending on type, the market is divided into water-based and solvent-based categories. Between these, the water-based category is currently recording faster growth in the market.

To learn more about this report: https://bit.ly/2SgDyaP

On the basis of type segment, the Indian mold release agents market is categorized into water-based, solvent-based, and others. Of these, the water-based category is demonstrating the highest growth in the market. This is attributed to the presence of minimal volume of carcinogens and mutagens, including volatile organic compounds (VOCs), in the water-based mold release agents, in comparison to solvent-based agents. Also, concern about environment stringent norms for VOC emissions is increasing. These factors will eventually increase the demand for water-based mold release agents in coming years.

One of the biggest trends currently being witnessed in the Indian mold release agents market, as per the observations of P&S Intelligence, a market research company based in India, is the increasing popularity of the water-based mold release agents over the traditionally used solvent-based mold release agents. The water-based mold release agents contain zero harmful solvents or chemicals that can negatively impact the environment or the health of humans, unlike the solvent-based ones.

Hence, it can be said with surety that the demand for mold release agents would surge in India in the forthcoming years, primarily because of their ballooning usage in the construction sector, which is itself exhibiting unprecedented growth in the country.

Read More: https://www.psmarketresearch.com/market-analysis/indian-mold-release-agents-market

Read More

Revenue Explosion Expected in Global Graphene Market From 2020 to 2030

The global market for graphene had a valuation of $87.5 million in 2019 and it is predicted to generate a revenue of $646.8 million by 2030. Furthermore, the market will advance at a CAGR of 20.2% from 2020 to 2030, as per the forecast of the market research firm, P&S Intelligence. The market is being driven by the burgeoning requirement for graphene in the electrical and electronics industry and the growing usage of the compound in the healthcare sector.

Because of its high strength and thinness, graphene is being extensively used for manufacturing bioelectric sensors that track and monitor the cholesterol, glucose, and hemoglobin levels and also the ones used for testing the deoxyribonucleic acid (DNA) level in the human body. In addition to this, graphene is also utilized heavily in dental implants, therapeutic tools, cancer treatment, and prosthesis devices. Moreover, many healthcare organizations are conducting exhaustive research aimed at combining graphene nanomaterials with medications and vaccine carriers.

To learn more about this report: https://bit.ly/3gHbJTf

Globally, the Asia-Pacific market accounted for the largest share during the historical period (2014–2019). This was due to the increased consumption of graphene in the energy, medical, and electrical and electronics industries in China and other regional countries. Additionally, graphene is also finding application in the aerospace and automotive industries in India, South Korea, and China. Whereas, the European graphene market is expected to demonstrate the fastest growth during the forecast period, due to the rising application of graphene composites in the automobile, electrical and electronics, and aerospace industries. 

To garner maximum profits from this expanding market, industry players are focusing on product launches to widen their customer base and gain a competitive edge. ZEN Graphene Solutions Ltd., one of the key players in the graphene market, launched Albany Pure line of graphene products, in March 2020, to broaden its portfolio by adding graphene quantum dots, graphene oxide, and reduced graphene oxide. Similarly, Applied Graphene Materials plc. launched graphene products under the umbrella of Alltimes Coatings Advantage brand, in July 2019, to provide new roofing solution to industrial and commercial customers.

Thus, the widened application of graphene will significantly boost the market size during the forecast period.

Read More: https://www.psmarketresearch.com/market-analysis/graphene-market

Read More

Increasing Area for Organic farming Driving Organic Fertilizers Industry

The organic fertilizers market stood at $4,512.1 million in 2019 and it is expected to reach $14,746.2 million by 2030, accelerating at a CAGR of 14.1% during the forecast period. The market growth will depend on factors such as rising acreage and units of organically farmed areas, increasing support from governments in terms of initiatives and policies, and surging downstream demand for organic drinks and food.

Moreover, the expansion of the retail market for organic food and beverages in Europe and North America will give an impetus to the market for organic fertilizers in the coming years. According to the International Federation of Organic Agriculture Movement (IFOAM), the demand for these items was primarily concentrated in these regions, in 2019. The U.S., France, and Germany emerged as the major consumers for these food items, due to the high per capita income in such countries. 

To learn more about this report: https://bit.ly/2PwyBtq

The source segment of the market is divided into plant, animal, and others. Among these, the animal division held the largest market share in 2019 and it is also projected to retain its dominance throughout the forecast period. The dominance can be owed to the rising preference for animal-based fertilizers among end users, as these are rich in phosphorous, potassium, and nitrogen. These minerals are primary nutrients that facilitate plant growth. These fertilizers are derived from bone meal, blood meal, and animal waste, which act as source for such minerals.

On the other hand, the Rest of the World (RoW) organic fertilizers market is expected to register the fastest growth during the forecast period. In RoW, the African and Latin American (LATAM) countries will be the major contributors to this market in the coming years. This can be ascribed to the amplifying demand for organic fertilizers among LATAM countries for the cultivation of sugarcane, coffee, cocoa, quinoa, and bananas. In the African region, these fertilizers will be employed for the production of cocoa, oilseeds, coffee, olives, textile crops, and nuts. 

Thus, the expansion of organic farmland areas and the high demand for healthy food items, primarily in Europe and North America, will propel the market growth in the future.

Read More: https://www.psmarketresearch.com/market-analysis/organic-fertilizers-market-report

Read More

Why Is Usage of Acetic Anhydride Rising in Tobacco Industry?

Acetic anhydride is mostly used as a synthesizer in the production of medicated drugs. The requirement for medicated drugs is exponentially increasing, due to the rapid surge in the geriatric population. Old people need aspirin, sulfa drugs, paracetamol, triacetin, acetaminophen, and cortisone in large quantities to combat numerous ailments. Thus, the increasing number of elderly people will boost the consumption of the compound in the coming years. According to the 2019 World Population Ageing report, the world will host nearly 1.5 billion people aged 65 years or above by 2050. 

Moreover, the increasing research and development investments and geographical expansion of leading drug manufacturers in the Asia-Pacific region will amplify the usage of acetic anhydride in the coming years. All these can be attributed to the improvement in the healthcare sector in emerging economies of APAC like India, Thailand, China, and Indonesia. These developments will, therefore, accelerate the acetic anhydride market at a CAGR of 2.3% during 2020–2030. The market was valued at $3,476.1 million in 2019 and it is projected to reach $4,950.4 million by 2030.

To learn more about this report: https://bit.ly/32OoWS2

Globally, the APAC region utilized the highest quantity of acetic anhydride in 2019 and it is also expected to remain the largest consumer in the foreseeable future. This can be ascribed to the largescale production of cellulose acetate, which needs this chemical as a synthesizer. Moreover, the rapid growth of the pharmaceutical industry in the region, due to hefty investments, will propel the demand for the compound in the future. This sector primarily uses acetic anhydride to produce aspirin. 

Whereas, the Middle East and Africa (MEA) acetic anhydride market will demonstrate the fastest growth in the foreseeable future. This can be owed to the surging application of the compound as a food additive and as a synthesizer for cellulose acetate. Besides, the expansion of textile industry will also amplify the usage of the chemical, owing to the rising production of home-furniture upholstery and automotive upholstery in the region. Additionally, the growth of chemical industry in Saudi Arabia, due to the rising investments, will also fuel the adoption of the compound. 

Thus, the soaring production of medicated drugs, cigarettes, and textile fibers will propel the consumption of acetic anhydride in the foreseeable future.

Read More: https://www.psmarketresearch.com/market-analysis/acetic-anhydride-market

Read More

Applications of Levulinic Acid Derivatives

The growing applications of levulinic acid derivatives, such as hydroxymethylfurfural (HMF), diphenolic acid, sodium levulinate, ethyl levulinate, methyltetrahydrofuran (MTHF), and succinic acid, as additives in food and beverages, fuel, and personal care products will accelerate the levulinic acid market growth at a CAGR of 8.8% between 2020 and 2030. According to P&S Intelligence, the market stood at $27.2 million in 2019, and it will reach $60.2 million by 2030. Moreover, the rising investments in research and development (R&D) to find novel applications for these compounds will boost their usage in the coming years.

The technology segment of the levulinic acid market is bifurcated into Biofine and acid hydrolysis. Of these, the Biofine category is expected to exhibit the faster growth in the forecast period due to the escalating awareness regarding the advantages of this process. The process allows for the utilization of an array of heterogeneous lignocellulosic resources for the production of several derivatives of the compound, including diphenolic acid, ethyl levulinate, methyl levulinate, and succinic acid. With time, more companies are expected to use the Biofine process due to the increasing awareness about its advantages.

To learn more about this report: https://bit.ly/3xsvNP7

Globally, North America utilized the highest volume of levulinic acid in 2019, due to a surge in the demand for it in the production of n-butyl levulinate, a fuel additive. The compound is also applied in the production of agriculture and personal care products in Canada and the U.S. In the agrochemical sector, the acid finds usage as an additive in environment-friendly herbicides. With the escalating adoption of herbicides with renewable chemicals, the demand for the compound is projected to accelerate in the foreseeable future. Moreover, the growing focus on non-conventional fuels has led to the rising deployment of levulinic acid in the conversion of biomass into fuels.

Furthermore, the Asia-Pacific levulinic acid market is projected to demonstrate the fastest growth throughout the forecast period. This can be owed to the spurring demand for the compound from the personal care and agriculture sectors of developing countries, such as India, Thailand, Indonesia, and China. These industries mainly use ethyl levulinate as an ingredient in perfumes and fragrances. Other derivatives of the compound are used as additives in cosmetic products like lipsticks and makeup removers.

Thus, the expansion of the personal care and fuel additive sectors will broaden the application base of levulinic acid in the foreseeable future.

Read More: https://www.psmarketresearch.com/market-analysis/levulinic-acid-market

Read More

Surge in Packaging Industry Fueling Demand for Corrugated Boxes

With the expansion of the packaging industry, the demand for corrugated boxes is growing rapidly across the world. As per Interpack Emerging Market Outlook, the valuation of the global packaging industry was $839 billion in 2015. The ballooning requirement for manufactured goods such as television sets, smartphones, and consumable items like candies is pushing up the demand for corrugated boxes, on account of the fact that these boxes have very high structural strength and are highly resistant.

Besides the aforementioned factors, the mushrooming usage of corrugated boxes by online retailers is also propelling the growth of the corrugated boxes market. As per reports, the value of the global e-commerce industry was nearly $3.5 trillion in 2019, with the industry demonstrating rapid advancement in China and India. The boom in the e-commerce industry, on account of the development of proper delivery infrastructure and the rising smartphone penetration, is further boosting the worldwide demand for corrugated boxes.

To learn more about this report: https://bit.ly/39Aa0dd

This is, in turn, driving the progress of the global corrugated boxes market. As a result, the valuation of the market will rise from $180.9 billion in 2019 to $284.6 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 4.3% between 2020 and 2030. The most widely used types of corrugated boxes are slotted, telescope, rigid, and folder. Amongst these, the demand for telescope boxes will rise rapidly all over the world in the coming years.

Geographically, the corrugated boxes market will exhibit the fastest and the highest growth in the Asia-Pacific region in the forthcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This will be because of the growing public awareness about environmental protection, the increasing requirement for sustainable packaging, the surge in e-commerce activities, and the burgeoning requirement for personal care products and electronic goods in the region.

Hence, it can be said with full confidence that the sales of corrugated boxes will rise enormously all over the world in the future years, primarily because of the expansion of the e-commerce and packaging industries across the globe.

Read More: https://www.psmarketresearch.com/market-analysis/corrugated-boxes-market-analysis

Read More

Metal Finishing Equipment Industry Set to Prosper in Asia-Pacific in Coming Years

The global metal finishing equipment market was valued at $13,845.6 million in 2019. According to the forecast of P&S Intelligence, a market research company based in India, the market will generate a revenue of $19,554.7 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 4.2% from 2020 and 2030. The expansion of the aerospace and automotive industries is one of the major factors driving the progress of the market across the globe.

To learn more about this report: https://bit.ly/3aHCB1H

This can cause the premature failure of these components. Because of this reason, automakers are increasingly adopting metal finishing solutions for improving the life of various automotive parts. This is subsequently causing a sharp surge in the sales of metal finishing equipment all over the world. Similarly, the boom in the aerospace industry is positively impacting the global demand for metal finishing solutions and equipment. This is because these equipment help aircraft manufacturers maintain the quality of the aircrafts.

Moreover, several international aviation safety organizations and regulatory bodies are enacting policies that make metal finishing processes mandatory in the manufacturing processes of aerospace components and aircrafts. The usage of titanium alloy and titanium-based plating is one of the most extensively used metal finishing methods in aircraft manufacturing processes. Some aircraft manufacturers also incorporate the processes of electroless plating and electroplating in the aircraft manufacturing process for enhancing the quality of the manufactured aircrafts.

Based on process, the metal finishing equipment market is divided into anodizing, galvanizing, conversion coating, electropolishing, electroplating, vibratory/mass finishing, electroless plating, and cladding. Amongst these, the electroplating category recorded the highest growth in the market in the past years, on account of the large-scale utilization of this method in the metal fabrication, aerospace, electronics, and automotive industries. The electroplating of highly critical metallic parts and components makes them resistant to corrosion and reduces the chances of premature failure.

Hence, it can be said with confidence that the market will prosper in the coming years, primarily because of the soaring usage of metal finishing solutions and equipment in the automobile and aerospace industries around the world.

Read More: https://www.psmarketresearch.com/market-analysis/metal-finishing-equipment-market

Read More

Why is Demand for Benzalkonium Chloride Soaring Globally?

The rapid expansion of the pharmaceutical industry is massively augmenting the demand for benzalkonium chloride across the world. This is because this compound is heavily used in the pharmaceutical industry, because of its ability to be used as a disinfectant, antiseptic, solubilizing agent, wetting agent, and antimicrobial preservative. Moreover, with the rising income of people and the surge in healthcare expenditure in several countries, the affordability of various healthcare services is growing rapidly.

To learn more about this report: https://bit.ly/32LO2B1

As per the U.S. Energy Information Administration (EIA), 101.2 million barrels of petroleum and various other associated liquids were used per day in 2019, which was higher than the 100.4 million barrels of petroleum used per day in 2018. The mushrooming requirement for these products is augmenting oil and gas exploration and production activities, which is, in turn, propelling the sales of benzalkonium chloride across the globe. This is consequently causing the boom of the global benzalkonium chloride market.

North America generated the highest revenue in the benzalkonium chloride market in 2019, owing to the booming opportunities for oilfield equipment manufacturers in the region. The region is also expected to lead the market during the forecast period, due to the rise in exploration and production (E&P) activities and the increase in investments in the oil & gas industry. Moreover, the U.S. is expected to be the leading consumer of this chemical in North America in the coming years.

Whereas, Asia-Pacific (APAC) will demonstrate the fastest growth in the forecast period. This growth will be primarily supported by rapid development of the chemical industry in APAC countries. In recent years, the region has emerged as a hub for chemical exporters that have attracted major chemical companies to invest heavy amounts in the industry, especially in Malaysia, India, and Vietnam. For example, in April 2020, the manufacturer of the Dettol disinfectant— Reckitt Benckiser announced its plan to set up a production unit for Dettol in Taicang, Jiangsu province, China.

Thus, the disinfectant and preservative properties of benzalkonium chloride will fuel its demand from the pharmaceutical and oil & gas sectors in the forecast period.

Read More: https://www.psmarketresearch.com/market-analysis/benzalkonium-chloride-market

Read More

How Is Automotive Sector Driving Polymer Market Growth?

Factors such as the increasing replacement of conventional materials in the automotive sector, rising usage of smart polymers in the healthcare sector, and surging demand for polymers in the packaging and electronics sectors are expected to drive the growth of the polymer market at a 5.1% CAGR during the forecast period. With this growth rate, the market size will increase from $533.6 billion in 2019 to $838.5 billion by 2030.

The base material segment of the polymer market is categorized into polypropylene, polyethylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, and polyurethane. Among these, the polyethylene category is expected to witness the highest CAGR during 2020–2030, owing to its extensive use in packaging products, connectors, tubing products, plastic surgery implants, and bottles. This is due to its relatively outstanding mechanical properties like good stability, high flexibility, high impact resistance, and high heat resistance. Also, its usage is increasing due to the expansion of the construction, packaging, and automotive industries and rise in consumer spending.

To learn more about this report: https://bit.ly/3xetGhT

Additionally, the application segment of the polymer market is classified into packaging, electrical & electronics, automotive, textile, construction, and agriculture. Among these applications, the packaging category held the largest market share in 2019. This was due to polymers’ high flexibility, high resistance to surface abrasion and vibrations/shocks, and protective packaging, which is why polymers are replacing traditional materials. Moreover, technological advancements in polymer matrices have enhanced their properties, including physical and mechanical, which have further raised their demand in packaging applications.

Geographically, Asia-Pacific held the largest share in the polymer market in 2019, and the region is projected to maintain its dominance in the market in the coming years. This is due to the surging consumption of polymeric materials in various industries, including packaging, textile, construction, agriculture, and automotive. Moreover, the growth in the construction and automotive sectors in China, India, and Indonesia is projected to propel the demand for polymers. This is due to their resistance to heat distortion, low coefficient of friction, and good electrical and mechanical properties.

Thus, the rising use of smart polymers in the healthcare sector and the increasing replacement of conventional materials in the automotive sector are expected to propel the demand for polymers during the forecast period.

Read More: https://www.psmarketresearch.com/market-analysis/polymer-market

Read More

Why is Popularity of Artificial Lifting Surging in North America?

The surging number of mature oil & gas fields is one of the major factors responsible for the growing worldwide demand for artificial lift. According to reports, mature oil fields that are over 30 years old account for more than 70% of the total oil produced globally. Moreover, the reservoir pressure of these oil fields declines rapidly over a period of time. Because of this reason, oil exploration and production (E&P) companies are adopting artificial lifting methods in mature wells.

Due to the above-mentioned factors, the global artificial lift market is exhibiting huge expansion. Electrical submersible pumps (ESP), rod lifts, progressive cavity pumps (PCPs), and gas lifts are the major types of artificial lifting methods used across the world. Out of these, the demand for ESPs was found to be the highest in the world during the last few years. This was because of the high oil extraction volumes and sustained performance of these devices. 

To learn more about this report: https://bit.ly/3dNyp2p

Pump-assisted and gas-assisted are the main two types of mechanisms used in artificial lift. Between these, the demand for the pump-assisted artificial lift is predicted to rise rapidly across the world in the coming years. This is credited to the ability of these pumps to augment the tube string’s bottom-hole pressure for lifting huge amounts of fluids and bringing them to the surface. The major application areas of artificial lifting methods are offshore and onshore. 

Geographically, the demand for artificial lift was observed to be the highest in North America during the last few years and this trend is predicted to continue in the coming years as well. This is credited to the existence of several artificial lifting services providing companies in the region. Furthermore, over 90% of the oil wells in the U.S. need artificial lift, on account of the rapid fall in their natural pressure.

Hence, it can be said with full surety that the demand for artificial lift will soar all over the world in the coming years, primarily because of the increasing number of mature oil wells and the falling natural pressure of oil wells across the world. 

Read More: https://www.psmarketresearch.com/market-analysis/artificial-lift-market

Read More

Demand for Solar Micro Inverters Set to Surge in Asia-Pacific in Future

With the fall in the prices of micro inverters and the implementation of government initiatives, the demand for photovoltaic (PV) installations is growing rapidly across the globe. This is because of their excellent cost-effectiveness, safety features, and optimal performance. The rising deployment of PV installations is pushing up the sales of micro inverters across the globe.

This is, in turn, driving the advancement of the global market for solar micro inverters. The valuation of the market is predicted to grow from $431.6 million in 2015 to $1,968.7 million by 2026. Furthermore, the market is predicted to progress at a CAGR of 15.3% between 2016 and 2026. Integrated and stand-alone are the two main types of solar micro inverters used across the world. Between these, the usage of stand-alone systems was found to be higher in the past.

To learn more about this report: https://bit.ly/3vaLrwG

In the coming years, the solar micro inverters market will exhibit the fastest growth in Asia-Pacific (APAC), as per the forecast of P&S Intelligence, a market research company based in India. This will be a result of the surging installation of PV panels in regional countries such as China, the growing requirement for power supply and the fall in the prices of micro inverters. In this region, the deployment of solar micro inverters will soar in China in the future.

Due to the government support for and shift toward renewable sources of energy, several companies have started developing improved products and services to support solar energy systems. In the solar micro inverters market, players such as Enphase Energy Inc., ABB Ltd., SunPower Corporation, Darfon Electronics Corp., SolarEdge Technologies Inc., Altenergy Power System Inc., and Northern Electric and Power Co. Ltd. are engaging in geographical expansions and product launches to amplify their presence and promote the adoption of solar energy.

Hence, it can be said with surety that the sales of solar micro inverters will shoot-up all over the world in the forthcoming years, primarily because of their reducing prices and their growing requirement in residential and commercial buildings around the world.

Read More: https://www.psmarketresearch.com/market-analysis/solar-micro-inverters-market

Read More

Why Is Virtual Power Plant Development Booming in APAC?

A virtual power plant is a centralized control system that is connected to power generating and transmitting units. Owing to the connection to such units, VPP requires lesser capital and can integrate several distributed energy resources. Due to low capital investments, power deficit countries like India, Nigeria, and Indonesia are increasing their reliance on VPPs. To ensure the development of sustainable and smoothly integrated power systems, such developing countries have escalated their spending on the development of  virtual power plant to create an adequate power infrastructure.

To learn more about this report: https://bit.ly/32znfb3

Additionally, the rapid shift from non-renewable energy sources to renewable sources will fuel the growth of virtual power plant market at 18.6% CAGR during 2018–2023. The market stood at $1,975.1 million in 2017 and it is expected to reach $5,510.2 million by 2023. The development of non-conventional power plants will produce a large amount of energy, which will require an advanced power evacuation infrastructure to support the reliable flow of power. This will boost the creation of VPPs, which will ensure the incorporation of newly developed renewable power plants with power evacuation infrastructure.

Based on technology, the market is divided into demand response, supply side, and mixed asset. Amongst these, the demand response category recorded the highest growth in the virtual power plant market in the past. This is ascribed to the large-scale adoption of the demand response technology in North America, especially in the U.S., which is also the world’s biggest market for virtual power plants. Here, the soaring production of power from renewable energy projects is propelling the requirement for VPPs.

According to P&S Intelligence, the Asia-Pacific (APAC) and Latin America (LATAM) regions will also witness significant rise in the creation of VPPs, in the near future. This can be owed to the largescale adoption of smart energy management solutions and constant development of non-conventional power plants in these regions. Among APAC nations, China records the highest number of VPPs, on account of growth in the industrial sector and establishment of new energy power plants in the country. 

Thus, the growing reliance on non-conventional energy sources, on account of soaring pollution levels, and the rising digitalization will fuel the development of VPPs in the coming years.

Read More: https://www.psmarketresearch.com/market-analysis/virtual-power-plant-market

Read More

Why Are Nanoporous Materials Used for Food Safety?

Nanoporous materials include a regular organic or inorganic framework that support a regular porous structure. The size of these pores is nearly 100 nanometers (nm) or smaller. Most of these materials are available as membranes or bulky materials. These materials have excellent catalytic and absorbent properties, due to their large surface areas. Further, the International Union of Pure and Applied Chemistry (IUPAC) has segregated these materials into microporous materials with 0.2–2 nm pore size, mesoporous materials with 2–50 nm pore size, and microporous materials with pore size above 50 nm.

To learn more about this report: https://bit.ly/3anSQ3A

Nanoporous materials find applications in nano reactors, guest-host interaction, and low dielectric constant mediation. These materials are also used as absorbents, catalysts, and ion exchangers. Moreover, these are needed in biomedical applications for decontamination, slowing drug release, inhibiting bacteria, and filtration in hemodialysis. With the rising demand for absorbents and biomedical products, the market for nanoporous materials is expected to witness a CAGR of 8.3% during 2016–2022. According to P&S Intelligence, the market stood at $6,411.7 million in 2015. 

Nanoporous materials have distinctive chemical and physical properties like chemical resistance, thermal stability, impedance, conductance, large surface area, and hardness. An increase in surface-to-volume ratio offers improved signal, due to a reaction between analyte and surface. Besides, miniaturization of nanoporous membranes helps in smooth amalgamation of these membranes into microchips. Additionally, the pores chemistry can be transformed in regulated manner to bind certain biomolecules, such as lipid, enzyme, and protein, to the surface of these membranes. All these features have led to the utilization of these membranes in the development of several electrochemical sensors.

Thus, the absorbent, catalytic, and biosensing characteristics of nanoporous materials will increase the prospects of these substances in several end-use sectors.

Read More: https://www.psmarketresearch.com/market-analysis/nanoporous-materials-market

Read More

Demand for Waterproofing Chemicals Set to Soar in Future

With the expansion of the manufacturing and construction industries, on account of the implementation of favorable policies such as ‘Zero Effect and Zero Defect’ by the governments of several countries, the demand for waterproofing chemicals is surging sharply across the world. Moreover, many regulatory authorities and bodies are enacting several guidelines for curbing the escalating pollution levels and creating a model that incentivizes the construction of green and energy-efficient buildings.

To learn more about this report: https://bit.ly/2QJ0O04

Due to the above-mentioned factors, the global waterproofing chemicals market is set for lucrative growth in the coming years. Waterproofing chemicals are primarily used for protecting buildings from water seepage, as seepages can drastically reduce the overall lifespan of a building and cause health, metal, and electrical hazards. These chemicals also increase the durability of a structure, when they are applied on the exterior. They also increase the shelf life of concrete structures and reduce the maintenance costs of buildings.

Moreover, the waterproofing chemicals market is predicted to demonstrate the fastest growth in this region in the forthcoming years as well. This will be a result of the rising requirement for compliance with international manufacturing standards, the surging investments being made in infrastructural development projects, and the presence of a large consumer base in the regional countries. In APAC, the sales of these chemicals were the highest in China in the past. 

Hence, it can be said without any hesitation that the demand for waterproofing chemicals will shoot up all over the world in the future years, mainly because of the surging number of construction and infrastructural development projects around the world. 

Read More: https://www.psmarketresearch.com/market-analysis/waterproofing-chemicals-market

Read More

Demand for Ammonium Phosphate Booming in Asia-Pacific

Ammonium phosphate is primarily used as a source for phosphorous and nitrogen for ensuring the proper growth of crops. It helps in delivering phosphorous and nitrogen nutrients to the soil in a highly absorbable form for the roots of the plant. The surging investments being made by the major agriculture-dependent economies such as Brazil and India are predicted to significantly propel the requirement for ammonium phosphate in the forthcoming years. 

Furthermore, the soaring foreign direct investments (FDI) being made in farming will massively boost the demand for the compound all over the world in the coming years. The booming production of animal feed products in the various Asian countries such as South Korea, China, and India is creating lucrative growth opportunities for the ammonium phosphate-producing companies. Apart from being extensively used in agriculture, ammonium phosphate is also heavily required in water treatment processes.

To learn more about this report: https://bit.ly/3n1BpLn

Because of the soaring population levels in many countries, the need for water treatment is exploding rapidly. Moreover, the governments of several countries are enacting regulations and standards for maintaining the water quality levels. This is consequently fueling the expansion of the global ammonium phosphate market, as per the market research company, P&S Intelligence. Monoammonium phosphate (MAP), ammonium polyphosphate, and diammonium phosphate (DAP) are the most widely used types of ammonium phosphate across the globe. 

In the APAC region, the demand for the compound was observed to be the highest in China during the last few years. Apart from being widely used in China, the compound is also being extensively required in farming processes in other regional countries such as India, Thailand, and Australia. The burgeoning requirement for fertilizers and the surging investments being made in the agricultural industry are massively boosting the demand for ammonium phosphate in the region. 

Hence, it can be said with surety that the demand for ammonium phosphate will surge all over the world in the coming years, mainly because of the growing requirement for the compound in farming processes and water treatment facilities around the world.

Read More: https://www.psmarketresearch.com/market-analysis/ammonium-phosphate-market

Read More

Why Has Shift to Bio-Based PET Bottles Failed to Reduce Demand for Paraxylene

PET bottles are commonly used to package water, sodas, salad dressings, juices, peanut butter, cooking oil, liquid hand soaps, shampoos, mouthwashes, and several pharmaceutical formulations. Short for polyethylene terephthalate, PET is a kind of polyester that is made by polymerizing terephthalic acid (TPA) or dimethyl terephthalate (DMT). These two materials are themselves made from paraxylene, which is one of the three isomers of dimethylbenzene, also known as xylene.

Thus, with the demand for PET containers rising around the world, P&S Intelligence expects the paraxylene market to also witness significant expansion in the near future. Apart from the production of TPA and DMT for PET manufacturing, paraxylene is used to create X-ray films, photographic films, magnetic tapes, and electrical insulation. In this regard, the increasing volume of X-rays is driving the demand for the base chemical. Due to genetic factors, injuries, and age, a rising number of people are suffering from bone-related issues, for which X-rays are widely utilized.

To learn more about this report: https://bit.ly/3xidLz9

However, the increasing usage of PET, PTA, and DMT have led to widespread environmental concerns, as being of a hydrocarbon nature, they are not biodegradable. With plastic recycling efforts yet to reach the desired levels, most of the discarded plastic is just left to rot in the open, stuffed in landfills, or burnt. As a result, the focus is rapidly shifting toward bio-based plastics, with numerous companies across industries taking initiatives to come up with such materials. 

Thus, as a result of the growing packaging and textile industries, Asia-Pacific (APAC) is the most-productive paraxylene market presently, and it is projected to continue being so in the years to come. With more people shifting to cities and witnessing an increase in their disposable income, they are purchasing clothes and apparel in high volumes, which is driving the demand for the chemical in the textile industry. Moreover, the expanding pharmaceutical, personal care, and food and beverage industries are propelling the demand for packaging materials, especially PET and other plastics.

Therefore, as the demand for PET rises for the production of textiles and bottles, so will the consumption of paraxylene, as it is the key raw material for the production of this commonly used plastic.

Read More: https://www.psmarketresearch.com/market-analysis/paraxylene-market

Read More

Esters Industry Set to Observe Huge Expansion in Coming Years

Be it cars, buildings, or toys, everything has some kind of paint or coating. Apart from just making the product look good, such materials also protect them from external factors, such as heat, chemicals, moisture, and scratches. Owing to the vast diversity in the substrates they are applied on, including metals, glass, wood, concrete, and plastics, a wide array of paints and coatings are available, such as can coatings, coil coatings, decorative or architectural coatings, and industrial coatings.

According to P&S Intelligence, with the increasing demand for paints and coatings in various industries, the esters market will witness considerable growth in the near future. This is because esters are among the most-important ingredients of such products, being primarily used as a tail solvent, on account of their high solvency and slow evaporation. The solubility and miscibility flexibility of esters with a vast variety of organic solvents and resins, respectively, allows them to be added to numerous types of coatings with an acrylic, alkyd, vinyl copolymer, or polyester base.

To learn more about this report: https://bit.ly/32rsWHH

On account of the growing consumption of lubricants and paints and coatings, Asia-Pacific (APAC) has been the largest esters market till now. While the expanding automotive and manufacturing industries are propelling the requirement for lubricants, the burgeoning construction activities are leading to the rising consumption of paints and coatings. Moreover, APAC is also the largest producer of esters, owing to its vast chemical industry. Raw materials and labor are available at lower prices here than in North America and Europe, and APAC also has less-stringent regulations related to environmental pollution, thus drawing chemical producers from developed regions.

In the coming years, the usage of such chemicals is expected to rise rapidly in the personal care & cosmetics industry, because of the high demand for lauric, stearic, and oleic acid esters for manufacturing emulsifiers, skin conditioning emollients, and moisturizers. Other uses of esters in this industry are odor cosmetics and haircare and skincare products, on account of their lubricating, moisturizing, protective, softening, and conditioning properties. In addition, esters provide a glossy and light texture, therefore reduce the heavy and oily feeling that comes from the pigments and ultraviolet (UV) absorbers generally present in numerous personal care products.

Therefore, with the growing automotive, construction, persona care & cosmetics, and textiles sectors, due to the booming population and government support for them, the demand for various types of esters will rise too.

Read more: https://www.psmarketresearch.com/market-analysis/esters-market

Read More

How Are Rising Construction Activities Driving Demand for Polyetheramine?

When reading about construction or industrial-grade adhesives, one is likely to come across the word ‘epoxy’. This is because epoxy resins are used to manufacture a wide range of practical and aesthetic products, such as surface coatings (including paints and floor coatings), structural adhesives and sealants (for metallic, wooden, and glass surfaces), and even industrial castings, tools, and molds. Other fascinating applications of epoxy resins are electrical insulation, wind turbines, oil & gas exploration, marine repairs, and aerospace and automotive manufacturing.

According to P&S Intelligence, the wide application base of epoxy resins, where the demand for such materials is only rising, will be a key factor driving the market for polyetheramine in the years to come. This is because polyetheramine is widely used as a curing agent to modify and improve the functional characteristics of epoxy-resin-containing coatings and adhesives. One of the most significant sectors that use epoxy materials is construction. Here, epoxy coatings are widely applied to concrete floors and slabs and mixed in outdoor coatings for a glossy, smooth, and high-performance finish and scratch resistance.

To learn more about this report: https://bit.ly/2OSHRaP

Another application of polyetheramine that has now become quite important is wind turbines, where the compound is used as an additive in the adhesives required to bond the turbine blades and composites. As per the International Energy Agency (IEA), 52 Gigawatts (GW) of wind power capacity was added around the world in 2018, which had been expected to further increase to 65 GW in 2020, despite the COVID-19-related restrictions. Additionally, “For 2021, the forecast assumes a further acceleration of wind additions to 68 GW (7.3 GW offshore).”, says the IEA.

Due to the expansion in the industries that require this material on its own or in other products, Asia-Pacific (APAC) is likely to be the largest polyetheramine market in the years to come. APAC is already home to the largest construction sector in the world owing to its massive population, which continues to grow. As a result, the demand for paints and coatings and adhesives and sealants, especially those containing epoxy resins, is perpetually high here. Another key polyetheramine end-use industry that is witnessing non-stop growth in the region is automotive, China, Japan, and India being some of the largest vehicle producers on earth.

Hence, as the construction and automotive sectors expand across the world, so will the demand for polyetheramine.

Read More: https://www.psmarketresearch.com/market-analysis/polyetheramine-market

Read More

Why will Demand for Microcellular Plastics Boom in Coming Years?

Due to the surging requirement for microcellular plastics in the healthcare and food packaging industries, their sales are soaring sharply all over the globe. Moreover, these plastics are also extensively used in the transportation, electronic, and toy manufacturing industries, on account of the fact that they have better and enhanced characteristics than the conventionally used materials such as lesser material consumption. The mushrooming requirement for high performance materials in various end-use industries is also boosting the sales of microcellular plastics.

To learn more about this report: https://bit.ly/3wZ5X59

Apart from the aforementioned factors, the boom in the construction industry in several countries, on account of the soaring investments being made in infrastructural development and construction projects, is also positively impacting the demand for microcellular plastics across the world. These plastics are majorly used in scaffolding, which is basically a temporary structure that is set up during construction activities such as the construction of a building for supporting the work crew.

Due to the above-mentioned factors, the sales of microcellular plastics are exploding all over the world, which is, in turn, driving the expansion of the global microcellular plastics market. Microcellular plastics are a kind of biodegradable plastics that have high sustainability, selective light diffusion and transmission, thermal and sound insulation, tissue engineering scaffolds and filtration, and energy absorption characteristics. As these plastics have cheaper production processes, they are increasingly being used in place of the traditional plastics in various applications.

Some of the leading companies in the microcellular plastics market include COMPAGNIE DE SAINT-GOBAIN, Grisworld LLC, ABC Group Inc., General Plastics Manufacturing Company, Huntsman Corporation, Mearthane Products Corporation, INOAC Corporation, Evonik Industries AG, BASF SE, Rogers Corporation, Industrial Thermo Polymers, Lavergne Group, Gracious Living Innovations, Microgreen Polymers, Horizon Plastics, Camoplast Polymer Solutions, Canadian General Towers, and Ingenia Polymers. On account of the widening application base of microcellular plastics, these players are offering large volumes of these environment-friendly substitutes.

Thus, the broadening application base of microcellular plastics due to their high-performance attributes will propel their usage in several industries across the globe.

Read More: https://www.psmarketresearch.com/market-analysis/microcellular-plastic-market

Read More

Surging Construction Activities Fueling Demand for Methylene Chloride

The demand for methylene chloride is exploding all over the world, on account of its usage as a key solvent in various paint and adhesive formulations. Due to its low flammability, quick drying characteristics, and strong dissolving strength, methylene chloride is heavily used as a solvent in adhesive and paint formulations. With the mushrooming requirement for paints and adhesives, on account of the launch of various construction projects, the demand for methylene chloride is rising sharply across the world.  

Besides the aforementioned factor, the surging sales of automobiles, especially in the developing countries, are also pushing up the sales of paints and adhesives across the globe. This is, in turn, propelling the demand for methylene chloride all over the world, which is consequently driving the advancement of the global methylene chloride market, as per the observations of P&S Intelligence, a market research company based in India. Methylene chloride is basically an organic compound and has the formula- CH2Cl2.

It is a volatile and colorless liquid and has a moderately sweet aroma. This compound is also known as dichloromethane (DCM) and is used as a solvent in various paint removers. It is also extensively used as a degreasing agent in electronics manufacturing, an ethane foam blowing agent, and in aerosol formulations that are required for producing pharmaceuticals. The major application areas of the compound are food and beverages, metal cleaning, paints and varnishes, chemical and foam manufacturing, and pharmaceuticals.

Additionally, the compound is extensively used as a solvent in the chemical and material industry. Geographically, the methylene chloride market is currently registering the highest growth in Asia-Pacific. This is credited to the soaring population and rapid infrastructural advancement in this region. Moreover, the sales of methylene chloride are surging sharply in this region, on account of the emergence of new application areas of the compound, the rapid industrialization in the developing nations, and the expanding production base there. 

Therefore, it can be said without any hesitation that the demand for methylene chloride will skyrocket across the world in the forthcoming years, mainly because of the rising usage of the compound in paints and adhesives.

Read More: https://www.psmarketresearch.com/market-analysis/methylene-chloride-market

Read More

Indian Gensets Market Set for Lucrative Growth in Future

The increasing enactment of strict regulations for curbing the emission of toxic gases is pushing up the sales of gensets in India. The utilization of gensets in the country is monitored under a regulatory framework implemented by the government, on account of the generation of toxic emissions during their various operations. In the recent years, there has been a sharp surge in concerns regarding the escalating pollution levels in the major cities such as Mumbai, Delhi, Kolkata, and Chennai.

Because of the aforementioned reason, the government has enacted several strict policies regarding the emission of particulate matter (PM) from diesel generators. For instance, the Bharat Stage VI (BS-VI) emission standards, that cover all the emissions released from diesel generators and other systems equipped with internal combustion engines, were implemented in the country on April 1, 2020. These regulations are massively boosting the demand for gensets all over the country.

To learn more about this report: https://bit.ly/3wQxQw2

The soaring construction activities in the country such as the development of urban housing infrastructure and commercial facilities are augmenting the power requirements, which is, in turn, boosting the demand for gensets. DG sets are increasingly being used in these buildings and facilities for providing power round the clock. Due to these reasons, the sales of gensets are booming in the country. This is causing the expansion of the Indian gensets market.

This would be due to the large-scale usage of gensets in hospitals, retail outlets, malls, telecom towers, restaurants, and other commercial buildings. The Indian gensets market recorded huge growth in Maharashtra, Andhra Pradesh, Uttar Pradesh, and Tamil Nadu in the past, as per the market research company, P&S Intelligence. This was due to the existence of several telecom giants such as Bharti Airtel and Reliance Jio Infocomm Limited and the consequently high requirement for continuous power supply in these states.

Hence, it can be said with surety that the demand for gensets would skyrocket in India in the coming years, primarily because of the rising requirement for a continuous power supply in various industrial, commercial, and residential establishments in the country.

Read More: https://www.psmarketresearch.com/market-analysis/india-gensets-market-outlook

Read More

Why Is Consumption of Hydrogen Surging in Chemical Industry?

Hydrogen is utilized in the refining industry for eliminating sulfur compounds from crude oil and breaking long-chain hydrocarbons into shorter chains, during the production of gasoline. The heavier and sour crude oil needs extensive processing, and the surging production of this oil will accelerate the consumption of hydrogen. Additionally, stringent environmental norms directed at curtailing sulfur content in oil have resulted in heavy consumption of hydrogen by refinery companies. For example, on January 1, 2020, the International Maritime Organization (IMO) imposed a new global cap of 0.5% on the sulfur content in fuel. 

Also, the increasing requirement for nitrogen-based fertilizers will assist the market for hydrogen to grow from $136,185.0 million in 2019 to $196,934.5 million by 2030. The market is expected to advance at 4.3% CAGR during the forecast period (2020–2030). Nitrogen-based fertilizers or ammonia-based fertilizers require hydrogen and nitrogen for their production. These products are utilized in agricultural field to increase the productivity of farms and growth rate of crops. With the declining area of arable land, the demand for fertilizers will amplify in the coming years.

To learn more about this report: https://bit.ly/3uMVLL1

According to P&S Intelligence, the Asia-Pacific region utilized the highest volume of hydrogen in 2019, due to the existence of a large number of chemical and petrochemical firms in India, South Korea, Japan, and China. According to the European Chemical Industry Council, China consumed the largest quantity of hydrogen in the world. Moreover, the large population base and high purchasing power, on account of a surge in the income, also fueled the demand for this gas in various end-use industries of the region.

Thus, the implementation of environmental laws regarding sulfur content in crude oil and the high-volume consumption of fertilizers will amplify the usage of hydrogen in the foreseeable future.

Read More: https://www.psmarketresearch.com/market-analysis/hydrogen-market

Read More

Titanium Dioxide Being Used as Adhesive Property Enhancer in Paints and Coatings

The paints and coatings industry uses a large volume of titanium oxide as a major component in paint and coating pigments. This is because pigments containing titanium dioxide add a reflective feature to industrial and reflective paints, as they can scatter and absorb ultraviolet (UV) rays. Additionally, the compound possesses luminous, non-reactive, and non-toxic properties, which is why it increases the brightness and whiteness of paints and coatings. For instance, titanium-dioxide-based coatings for wind turbines offer protection from UV rays and a suitable white color to the structure.

Additionally, the rising adoption of lightweight vehicles, on account of the mounting concerns regarding automobile emissions, fuel efficiency, and carbon footprint, will amplify the usage of titanium dioxide. This compound is used in coatings that are applied on polycarbonate structures that are used in the production of lightweight automobiles, as these coatings provide stability, durability, and scratch resistance. This will, therefore, accelerate the market for titanium dioxide at a CAGR of 4.5% during 2020-2030. The market stood at $15,020.1 million in 2019, and it will reach $24,026.1 million in 2030.

To learn more about this report: https://bit.ly/3ee4kbh

Moreover, the rapid shift toward self-cleaning technologies from conventional cleaning technologies, primarily for windows and smartphones, will escalate the usage of titanium dioxide in the coming years. Self-cleaning technologies deploy titanium dioxide nanomaterials, which offer resistance to dirt by initiating a reaction that breaks it down. Additionally, the compound in its photocatalyst form triggers an electrochemical reaction that activates it by producing free radicals. These free radicals can deactivate viruses, fungi, and bacteria and decompose pollutants, before dissipating, thereby offering self-cleaning properties.

Thus, the amplifying usage of the compound has encouraged the titanium dioxide market players, such as The Chemours Company, Venator Materials PLC, Tayca Corporation, Lomon Billions Group, Tronox Limited, and NL Industries, to merge with or acquire others, to widen their customer reach. For example, The Chemours Company acquired Southern Ionics Minerals LLC in August 2019. The latter is a manufacturing, mining, and mineral exploration company involved in the mining and processing of zirconium and titanium mineral sands.

Therefore, with the growing usage of paints and coatings in the construction and automotive industries, the demand for titanium dioxide will surge in the future.

Read More

Surging Shale Gas Production Fueling Demand for Digital Oilfield Technology

The increasing production of shale gas is fueling the demand for digital oilfield technology across the world. In the U.S., the mushrooming production of shale gas is resulting in the generation of large amounts of data related to production and drilling cycles and seismic and spatial information. As per the U.S. Energy Information Administration (EIA), in the U.S., shale resources were responsible for the production of nearly 16.76 trillion cubic feet (Tcf) of dry natural gas.

To learn more about this report: https://bit.ly/3sbbaD7

BP and Chevron, which are two of the biggest oil firms in the world, announced in January 2018 that they have made huge deep-water discoveries in the North Sea and the Gulf of Mexico. These factors are fueling the requirement for digital oilfield technology across the world, which is, in turn, driving the advancement of the global digital oilfield technology market. Digital oilfield technology is divided, on the basis of process, into production optimization, reservoir optimization, and drilling optimization.

Globally, the demand for digital oilfield technology was found to be the highest in Europe and North America in the past years. This was because of the existence of numerous oilfields, extensive shale gas E&P activities, the huge investments made by various organizations, and the large-scale adoption of advanced technologies by several E&P organizations in these regions. In the future years, the requirement for this technology will rise at the fastest rate in the Middle East and Africa (MEA) region. 

Hence, it can be said with surety that the demand for digital oilfield technology will shoot up all over the world in the coming years, primarily because of the mushrooming production of shale gas and the increasing requirement for advanced technologies by E&P companies.

Read More: https://www.psmarketresearch.com/market-analysis/digital-oil-field-technology-market

Read More

Booming Pharmaceutical Industry Driving Growth of Global 1,3-Butylene Glycol Industry

The global 1,3-butylene glycol market had a valuation of $139,994.9 thousand in 2019 and is predicted to register a CAGR of 5.0% between 2020 and 2030. According to the estimates of P&S Intelligence, a market research firm based in India, the market would generate a revenue of $227,057.5 thousand by 2030. The growing requirement for 1,3-butylene glycol in the pharmaceutical industry and the boom of cosmetic product industry are the major growth drivers of the market. 

To learn more about this report: https://bit.ly/2QeiWz0

1,3-butylene glycol is extensively used in cosmetics products as a humectant, on account of its ability to be used as a viscosity-decreasing component. In addition to this, the compound fixes volatile organic compounds such as flavors and fragrances in cosmetic formulations, which helps in stabilizing them and assists in aroma retention and also prevents the chances of spoilage caused because of cosmetic formulations by microbes. Furthermore, the compound has a very good distribution coefficient.

This leads to better efficacy of the various preservatives mixed in the formulations, which, in turn, makes the reduction in the dosage of the applied preservatives possible for cosmetic producers. Apart from these factors, the soaring geriatric population, the surging disposable income of people all over the globe, and the increasing investments being made in the cosmetics industry are also fueling the demand for this compound. This is, in turn, boosting the growth of the 1,3-butylene glycol market.

This was due to the huge requirement for the pharmaceutical grade variant in various end-use industries such as personal care and cosmetics and food. Across the globe, the 1,3-butylene glycol market is predicted to exhibit the highest growth rate in Asia-Pacific (APAC) in the upcoming years. The soaring disposable income of people in emerging economies such as India and China is pushing up the sales of beauty care products, which is, in turn, driving the expansion of the market.

Hence, it is safe to say that the market would demonstrate huge expansion across the world in the forthcoming years, mainly because of the rising requirement for the compound in the pharmaceutical and cosmetics industries and the boom of these industries all over the world.

Read More: https://www.psmarketresearch.com/market-analysis/1-3-bg-market

Read More

Why Is Oil and Gas Sector Increasingly Adopting FRP Pipes?

The oil and gas industry is adopting fiber-reinforced plastic (FRP) pipes in large quantities, as the material possesses appreciable mechanical properties such as high tensile strength, fire resistance, reliability, and impact strength. Moreover, they are created as per the standards laid down for the materials to be used in this sector. Besides, the oil and gas sector requires pipes with a large diameter, so that they can handle high pressures. In addition to this, FRP pipes can be designed with flame-retardant additives for critical areas.

Thus, the increasing installation of these pipes in the oil and gas industry will drive the fiber-reinforced plastic pipe market from $2,134.4 million in 2016 to over $3,800.0 million by 2023. According to P&S Intelligence, the market will witness a CAGR of 8.4% during forecast period.

To learn more about this report: https://bit.ly/3t7xHSw

Apart from the extraction and transfer of oil and gas, these pipes are used for water and wastewater management, power generation, automotive and aerospace manufacturing, and construction, as they are corrosion resistant and have a high strength-to-weight ratio. Moreover, the fire-resistant feature makes them suitable for the chemical industry, apart from the and oil and gas sector. The chemical industry is subject to stringent norms and, hence, FRP pipes are produced accordingly, to adhere to the imposed standards. Additionally, these pipes are being preferred over iron pipes in onsite manufacturing and rehabilitation activities due to their superior qualities.

Currently, the Asia-Pacific region is generating the highest revenue in the global FRP pipe market due to a surge in construction activities in the region. These pipes are also being used in large quantities in the manufacturing sector and automobile industry in APAC. Besides, the growing focus of governments on improving sewage treatment facilities has led to the widescale adoption of FRP pipes. Sewage treatment plants depend on them over iron ones due to the longer life of the former.

Thus, the corrosion resistance, fire resistance, and thermal efficiency of FRP pipes make them suitable for multiple industries, including oil and gas, water and wastewater treatment, and chemicals. Therefore, the expansion of these sectors will increase the adoption of these pipes in the coming years.

Read More: https://www.psmarketresearch.com/market-analysis/frp-pipe-market

Read More

Why Are Healthcare Facilities Adopting Surgical Glue?

Surgical glue is being applied in ample quantities in plastic surgeries, which are on the rise due to the technological developments in surgical procedures, surging disposable income, and increasing consciousness among consumers regarding their appearance. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the top five cosmetic surgeries include breast augmentation, liposuction, eyelid surgery, abdominoplasty, and rhinoplasty. As per the ISAPS, 1,795,551 breast augmentation, 1,704,786 liposuction, 1,259,839 eyelid surgeries, 924,031 abdominoplasties, and 821,890 rhinoplasty procedures were performed worldwide in 2019.

Additionally, these sealants are used in reconstruction surgeries, such as tumor removal, hand surgeries, laceration repair, scar revision, and maxillofacial surgeries. Moreover, the glue is used in cancer, neurological, and cardiovascular surgeries to close incisions and prevent liquid or air leakage in the wounds. Thus, the surging volume of such procedures is expected to increase the surgical glue market size from $3,810.5 million in 2017 to $6,936.5 million by 2023. According to P&S Intelligence, the market will display a CAGR of 10.6% during 2018–2023.

To learn more about this report: https://bit.ly/3s3lAVo

Medical facilities use different types of surgical adhesives and sealants for sealing the wounds caused by injury and surgery. In recent years, the demand for fibrin sealant has surged rapidly due to its natural origin and growing consumption in multiple procedures. Fibrin sealants are more compatible with the human body, as they are derived from animal or human blood cells. Additionally, medical professionals are adopting cyanoacrylate for the adhesion and repair of blood vessels and tissues, surgical incisions, plastic surgeries, and ophthalmic procedures, due to its strength, durability, and waterproof characteristics.

Geographically, North America will continue to consume the highest volume of surgical glue in the coming years due to the growth in investments in research and development (R&D) for medical adhesives and rise in the number of surgical procedures.

Thus, the rising volume of surgeries, as a result of the increase in the prevalence of various acute and chronic diseases, rising number of accidents, and increasing appearance consciousness is driving the demand for surgical glue.

Read More: https://www.psmarketresearch.com/market-analysis/surgical-glue-market

Read More