Smart Cities and Net-Zero Policies Drive Rapid Expansion of GCC Green Buildings Market

The GCC green buildings market is witnessing robust momentum, fueled by accelerating sustainability commitments, regulatory enforcement, and large-scale infrastructure investments across the region. The market, valued at USD 38.47 billion in 2025, is estimated to reach USD 42.12 billion by 2026 and is projected to surpass USD 95.33 billion by 2035, expanding at a CAGR of 9.5% during 2026–2035.

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The expansion of green construction across the Gulf Cooperation Council (GCC) is strongly supported by national sustainability programs, including Saudi Vision 2030 and UAE Net Zero 2050, alongside mandatory green building regulations implemented by municipal authorities. These frameworks are reshaping the regional construction ecosystem by prioritizing energy efficiency, water conservation, emissions reduction, and lifecycle cost optimization.

Market Growth Accelerated by Government Policy and Infrastructure Development

Rapid urbanization, population growth, and large-scale infrastructure development are driving increased adoption of sustainable building solutions across residential, commercial, and public infrastructure projects. Major investments in smart cities, transport infrastructure, healthcare facilities, mixed-use developments, and sustainable housing programs are strengthening demand for certified green buildings.

Guidelines and benchmarks issued by organizations such as the United Nations Environment Program (UNEP) and the World Green Building Council (WGBC) further support market expansion by promoting low-carbon materials, renewable energy integration, and resource-efficient building design. Developers and contractors across Dubai, Riyadh, Abu Dhabi, Doha, and emerging urban hubs are increasingly aligning their strategies with sustainability compliance and operational efficiency targets.

Energy Efficiency and Smart Technologies Lead Market Transformation

The GCC green buildings market is experiencing a structural shift toward high-performance building envelopes, smart energy management systems, renewable energy integration, and digitally enabled building automation platforms. Energy efficiency remains the largest application segment, supported by electricity tariff reforms and stringent building energy codes, while water efficiency solutions are gaining momentum amid regional water scarcity concerns.

Growing adoption of certified green construction materials, intelligent building management systems, and sustainable design practices is reshaping procurement strategies, project execution models, and long-term asset management across the region.

Saudi Arabia and UAE Anchor Regional Market Expansion

Saudi Arabia remains the largest contributor, accounting for approximately 32% of market share in 2025, driven by mega urban developments, public infrastructure investments, and regulatory enforcement under Vision 2030. The United Arab Emirates, with around 26% market share, continues to lead in early sustainability adoption, supported by advanced green building regulations and strong commercial real estate activity.

Other GCC nations, including Qatar, Oman, Kuwait, and Bahrain, are steadily increasing their share, supported by infrastructure modernization, tourism development, and sustainable public housing initiatives.

Competitive Landscape Strengthened by Strategic Innovation

The market features a competitive mix of global material manufacturers, regional developers, and construction specialists focusing on innovation, compliance, and project execution excellence. Key industry participants include Alumasc Group plc, Kingspan Group plc, Bauder Limited, Forbo International SA, Interface Inc, BASF SE, Saint-Gobain, Rockwool International A/S, Lafarge Holcim, Sika AG, Emaar Properties PJSC, Aldar Properties PJSC, and Qatari Diar Real Estate Investment Company, among others.

Companies are actively investing in advanced insulation systems, sustainable building materials, modular construction technologies, and smart infrastructure solutions to strengthen market positioning and secure long-term public and private sector contracts.

Strategic Outlook

With sustained government support, regulatory tightening, and rising awareness of long-term cost savings, the GCC green buildings market is positioned for long-term structural growth. Continued investments in smart cities, sustainable housing, renewable integration, and digital building management will create significant opportunities across construction, materials, engineering, and technology segments throughout the forecast period.

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Booming Oil & Gas and Renewable Projects Drive Saudi Valves Market Growth

According to the latest market research study published by P&S Intelligence, the Saudi Arabian valves market is poised for robust growth, with projected revenues reaching USD 2,001.4 million in 2024 and anticipated to climb to USD 2,673.1 million by 2030, reflecting a steady CAGR of 5.0% during the forecast period. This upward trajectory is fueled by the Kingdom's ambitious industrial expansion plans, including the establishment of 36,000 industrial facilities by 2035. Such initiatives are set to significantly boost the demand for valves across various sectors.

A key driver of this market growth is the thriving oil and gas industry, which heavily relies on valves for upstream, midstream, and downstream operations. Additionally, Saudi Arabia's commitment to diversifying its energy portfolio, with substantial investments in renewable energy projects like the Dumat Al Jandal Wind Farm and the Sakaka Solar Power Plant, further amplifies the need for advanced valve solutions. The escalating focus on efficient water and wastewater management systems, necessitated by rapid urbanization and industrialization, also contributes to the increasing demand for valves in the region.

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Key Insights

Product Segmentation:

• Gate valves dominate the market with a 28% share in 2024, attributed to their affordability, durability, and strength.
• Butterfly valves are projected to experience a CAGR of 5.3% during the forecast period, driven by their lightweight design and efficient flow control capabilities.

Application Areas:

• The oil and gas sector remains the largest consumer of valves, essential for various operational processes.
• The water and wastewater treatment segment is expected to grow at a CAGR of 5.1%, propelled by the need for sustainable water management practices and the development of effluent treatment facilities.

Regional Trends:

• Al-Riyadh leads the market with a 29% share in 2024, a result of its burgeoning population, which has more than doubled since 1990 and is projected to reach 8.5 million within the next decade.
• The Eastern Region is anticipated to grow at a CAGR of 5.3%, supported by ongoing industrial developments and infrastructure projects.

Technological Advancements:

• The integration of advanced valve technologies is gaining momentum, especially in power generation and water treatment applications, to enhance operational efficiency and reliability.
• Innovations in valve design and materials are addressing the challenges posed by harsh operating environments, particularly in the oil and gas industry.

Competitive Landscape:

• The market is characterized by a fragmented structure, with key players including L&T Valves Limited, Emerson Electric Co., Flowserve Corporation, Crane Company, Schlumberger Ltd., IMI plc, KITZ Corporation, Spirax Group, Velan Inc., Weir Group, and Pentair plc.
• These companies are actively engaged in strategic initiatives such as mergers, acquisitions, and product innovations to strengthen their market positions and cater to the evolving demands of various industries.

The Saudi Arabian valves market is set to witness significant growth, driven by industrial expansion, energy diversification, and the increasing need for efficient water management systems. Stakeholders and investors can capitalize on these opportunities by aligning their strategies with the market's dynamic landscape.

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How Do Eco-Friendly Low VOC Adhesives Provide Opportunities to Industry Players?

VOCs include a group of chemicals found in adhesives. These chemicals pose a health threat and also cause air pollution such as smog. 

The low VOC adhesives industry has garnered $47.6 billion in 2021, and it is projected to generate $81.1 billion, advancing at a rate of 6.1% in the coming years.

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Over the last few decades, the consumption of adhesives has increased in the construction sector. They are widely utilized in furniture assembly, upholstery, carpeting, flooring, crating, and packaging. The construction of several homes involves around a half-ton of glue. 

Due to growing awareness of the potential drawbacks of VOC-containing adhesives, the demand for safer and eco-friendlier alternatives is growing. Therefore, environmentally friendly low-VOC adhesives are introduced in the industry. 

The Camie 573 and Camie 500 mist sprays are such examples, as they have less than 30% VOC content. There are several other low VOC adhesives offered in the market, which are highly safe as they can be applied on several surfaces only. 

The stringent government regulations encourage manufacturers to introduce environmentally friendly adhesives. Industry leaders are focusing on launching products that meet the standard regulations. The low VOC adhesives are such eco-friendly solutions. 

Numerous companies have developed low VOC adhesives which are safe for both public and the environment, as well as ensure high performance. The eco-friendly and sustainable adhesives provide opportunities to manufacturing companies operating in the industry, due to implementation of the stringent regulations for low carbon emissions. 

Moreover, the advent of advanced low VOC adhesives in various industries, such as building and construction, automotive and transportation, and paper and packaging provides an opportunity for industry players. 

Furthermore, the companies operating in the industry are focusing on launching new products and establishing manufacturing facilities to stay ahead of their competitors. 

For instance;

Toyochem Co. Ltd., the subsidiary of the Tokyo Ink Group of Japan, launched Oribain EXK 21-046, a new low-odor, low-VOC acrylic pressure-sensitive adhesive in March 2022, for its usage in enclosed spaces including building interiors and vehicles. 

Sika announced to set up of a new technology center and manufacturing facility for producing high-quality adhesives and sealants, in Pune, India, in December 2021. 

The key players operating in the industry are:

1- 3M

2- H.B. Fuller Company

3- Pidilite Industries Ltd.

4- Wacker Chemie AG

5- PPG Industries Inc.

6- Bostik

7- Sika Services AG

8- Huntsman Corporation

9- Ashland Global Holdings Inc. 

The market outlook is positive, as there are only a few low VOC adhesives industry players that offer such an eco-friendly adhesive solution that does not compromise performance. Due to such technologies and methods, more amazing products can be introduced in the market. 

Therefore, the stringent government regulations to control carbon emissions, and rising consumption of low VOC adhesives in the construction sector are projected to propel the industry growth. 

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5 Tips for Picking the Best Underfloor Heating

Underfloor heating is the embodiment of extravagance. With heat radiating under your feet, is there any improved way to heat your home?

Choosing the correct installation approach

Technology is altering how numerous components are used in underfloor heating systems, along with the best methods for installation of the system.

A water underfloor heating system operates through the hot water in the pipes which are placed on the subfloor. At a time, the solution would be to sink the pipes into the sub-floor and add a screed or concrete layer over the top for acting as a protective casing and a stable surface onto which you placed floor covering.

Choose the most effective system

Underfloor heating is best when installed in homes with the highest level of insulation. Although it works at a lesser temperature than a central heating system, it still gives the same comfort.

The underfloor heating kit beneath your feet heats the complete floor area but radiators, make the air warm. This circulates in the room, falling back upon cooling. This means that dust is also circulated around also, which is not good for allergy sufferers.

Can be utilized with substitute energy sources

If you mount underfloor heating, you will also look at insulation measures for improving your home. You might also consider alternative energy sources like solar panels, ground source heat pumps, air or water source heat pumps, etc.

All these works fine with underfloor heating. Heat pumps are most efficient at low-water-output temperatures. This makes air, water, or ground pumps and underfloor heating an ideal combination.

Wet underfloor systems are an economical option

Electric systems are easier and faster to install, but they can be expensive to operate unless electricity is through solar panels or other non- Grid means.

The exquisiteness of underfloor heating, whichever system is chosen, can be zoned, with the capability to control the heat in distinct areas. They are perfect for when working in the office, but there is nobody in the lounge, bump up the temperature in office, but reduce it somewhere else in your home.

And, as there is no necessity for radiators, smaller rooms that were flooded by a radiator on the wall or had no heat source, will benefit immensely from underfloor heating.

Choose a trustworthy supplier

Some producers assure their piping of the underfloor heating systems for nearly five decades, and you will also be required to certify warranties and guarantees on other components of the system.

In general, underfloor heating kits offer the finest systems. You can install the system manually, as comprehensive instructions are there, or, a professional underfloor heating installation corporation will ensure the right system, is picture-perfect for your home.

You have received enough info about the fact why underfloor heating systems are perhaps the finest solutions for heating, and that is the key reason for the skyrocketing demand for the same, and the value will reach over 7,945 million by 2030 across the globe. 

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Construction and Building Application of PCMs Propel Phase Change Materials Industry

In 2021, the global phase change materials market size stood at USD 1,775.5 million, which is projected to witness a 16.8% CAGR during 2021–2030, reaching USD 7,206.2 million by 2030 as per P&S Intelligence. This is mainly credited to the increasing development in the packaging and construction sector and the growing focus on eco-friendly buildings.

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In 2021, the building and construction category held the largest market share of approximately 35% and is projected to grow at a CAGR of above 16% in the coming years. As the need for houses with low cooling and heating loads has amplified, building envelope technologies are improving at a moderate pace.

The acceptance of advanced building materials with active thermal elements, including PCMs, is the decisive step in realizing large energy savings. For the past 40 years, PCMs have been calculated as a thermal mass component in buildings, and the majority of studies have decided that PCMs advance building energy performance.

The cold chain and packaging category is set to experience the highest CAGR, of above 17%, in the next few years in the phase change materials market.  This growth can be ascribed to the surge in PCM's need to maintain accurate temperatures across the supply chain with dropping carbon emissions.

In 2021, the European industry for PCMs had the highest revenue share, at approximately 40%. This lean toward the acceptance of environmental materials is projected to fuel the PCM market in the region.

European regulatory associations took a number of steps to advance and promote well-organized building mechanical solutions and increase awareness regarding PCM applications.

Thus, increasing development in the packaging and construction sector and a growing focus on eco-friendly buildings will definetly propel the phase change materials industry in the future as well. 

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How Does Internet Penetration Fuels Requirement for Immersion Cooling?

The immersion cooling industry has generated $258.6 million revenue, and it is projected to capture $1,855.1 million revenue in 2030, rising at a rate of 24.5% from 2021 to 2030.

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The rising penetration of data centers, large amounts of data generation, and quick usage of cloud services are major factors to propel the industry growth. Furthermore, the burgeoning internet users, growing smartphone penetration, increasing usage of social media, and growing focus of organizations to shift from server room environments to data centers are major industry drivers.

The single-phase category holds a larger industry share, of approx. 70%. It is attributed to various benefits provided by this technique to users. For instance, single-phase immersion cooling systems are energy efficient, easy to use, cost-efficient, and possess low-maintenance costs with an average life of 15 years. All such factors, fuel the demand for immersion cooling systems in data centers. It is substantially higher and hence leads the industry.

The data center infrastructure and IT equipment are experiencing a major rise in temperature due to the growing adoption of advanced technologies. Data centers are focusing on strategic methods to keep the equipment cool with reduced environmental impact and enhance computing capacity. 

North America holds the largest industry share, of 40%. It is ascribed to major investments in research & development in the region and results in the development of highly efficient and technologically advanced next-generation facilities for power administration. 

Therefore, high volumetric data generation propels the immersion cooling industry.

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Advantages and Application of Anti-Reflective Coatings

An optical coating known as an AR coating is applied to a surface to lessen the quantity of light reflected off the surface. It is frequently employed in optical applications when the coating is placed in front of the air-glass barrier, lens, or mirror contact.

Light loss due to reflection is kept to a minimum using AR coatings, which optimize the quantity of light that passes or penetrates the surface.

The coatings boost contrast in imaging equipment, increase the optical efficiency of cameras, telescopes, and binoculars, and minimize scattered light that might interfere with the visual performance of these devices. They also lessen the glare on eyeglasses. The global anti-reflective coatings market will produce $8,577.3 million value by 2030.

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The Advantage of Anti-Reflective Coatings

The optical advantages of anti-reflective lenses include clearer vision with reduced glare while traveling at night and more comfort when using a computer for extended periods.

Adding AR coating to photochromic lenses improves their clarity and comfort in all lighting settings without compromising their ability to react to sunlight.

Anti-reflective coating for sunglasses is also a smart idea since it prevents glare from light reflecting into the eyes from the rear edge of the tinted lens when the sun is beyond you. Because there are no aesthetic or visual advantages to removing reflections from the front edge of dark-tinted lenses, AR coating is often exclusively applied to the backside surface of sunglasses.

The surface treatment found on most high-end AR lenses protects the anti-reflective layers and facilitates lens cleaning. Surface " hydroponic " treatments resist water, preventing water spots from forming.

Some anti-reflective lenses contain oleophobic and hydrophobic surface treatments, which means they reject water and oil. Fluorinated materials, which are frequently present in these combination treatments, offer lens characteristics that are strikingly comparable to nonstick cookware.

Applications of AR Coatings

Anti-reflection coatings are frequently applied to optical components to minimize optical losses and, occasionally, the negative effects of reflected beams. With careful optimization, the residual reflectance is often 0.2% or less for a given angle and wavelength of the incident.

Since the coating must function over a wide range of wavelengths and incidence angles, the possible suppressing of reflections is substantially lower when used on prescription glasses. Nonlinear crystals and laser crystals both have AR coatings. 

Anti-Reflective Coatings are Being Used More and More in the Eyewear Industry

The industry is expanding due to the expanding usage of such coatings in the eyewear sector, which incorporates them into high-light-transmitting goods, including lenses and eyeglasses. 

The development of this sector due to the rising prevalence of visual impairment, the expanding elderly population, and technical improvements in eyewear are also anticipated to contribute to the growth of the anti-reflective coatings sector.

Vacuum Deposition Generates the Most Income

The highest revenue share for vacuum deposition in the anti-reflective coatings market was over 35%. This segment is expected to grow at a considerable CAGR in the coming years. This is because anti-reflective coatings are frequently applied using the deposition process, which has a low impact on the environment, is very adaptable, is inexpensive, and sets up quickly.

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Overview of Adhesives and Sealants – Differences and Benefits

Epoxies, methacrylates, silicones, cyanoacrylates, polyurethanes, and silane-modified polymers are both often used as adhesives and sealants. The sale of adhesives & sealants is predicted to reach $102,604.3 million revenue by 2030. The growing consumer spending and increasing acceptance of such products in numerous trades are surging the demand for adhesives & sealants.

Difference Between Adhesives and Sealants:

What are adhesives?

Adhesives are chemicals that can chemically overcome the pressures needed to physically separate two or more distinct substrates to chemically glue them together. Since they are frequently more effective and simpler to use than mechanical fasteners, they are employed in almost every product that is made up of two or more pieces.

What are sealants? 

Sealants are pliable, paste-like materials that fill in all the gaps between two different substrates to prevent fluids from passing through a surface, a gap, or a joint. Although they also have uses as fire-retardants and thermal insulation, they have historically been utilized in waterproofing procedures. While sealants and adhesives are not the same, some of them do. The technology used in many adhesives can also be incorporated into sealants.

Adhesives in Construction Industry

Historically, the building industry has relied on natural resources as the basis for its adhesives. Many reactive adhesives with formaldehyde bases have been developed over the past 40 years for use with items that resemble wood.

Moreover, the building industry still makes extensive use of polymer dispersions created in the 1950s and beyond. For reinforced concrete structural repairs, fully hydrated Portland cement has been created and is widely employed, frequently in conjunction with polymer latex or epoxy resin bonding.

Sealants in Construction Industry

Construction projects need the usage of a wide variety of building materials. To stop water from penetrating is one activity. A sealant is a material that covers a surface or an entrance to stop liquids or gases from leaking through.

Sealants are used in the construction industry to fill gaps between concrete and seal cracks and joints in concrete roadways. They are typically used to seal small spaces that are challenging to do so with materials like drywall, concrete, etc.

Sealants serve as barriers against outside elements including dust, air, and moisture. Sealants are used to protect the exterior walls of residential structures against rain. There are many distinct kinds of sealants, each with unique qualities and uses.

Benefits of Sealants and Adhesives:

Advantages of adhesives and sealants over conventional joining methods. The particular characteristics of the material change inside the heat-affected zone when using thermal procedures like welding.

• Processing

The substrates that need to be joined are not harmed when an adhesive is utilized. The heat produced during welding or soldering causes deformation and damage to a particular location. For screws or rivets, holes must be drilled.

• Joining

To make the most of the substrate's qualities, one might consider the material when creating the product and implement novel joining techniques.

• Design

using bonding technology to physically link components together to impart tailored extra features. Technology advancements in building and construction may be used to speed up production and lower costs.

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How are Pharmaceuticals formed from Fine Chemicals?

Drugs are pharmaceutical products that have a mixture of substances in a form appropriate for direct usage in therapy. The source of the drug can be a plant, mineral, animal, or synthetic. Raw materials for the manufacture of medicines can be categorized into three groups.

Active Pharmaceutical ingredients

These are compounds isolated from pharmaceutical raw materials or attained from synthesis. They are active drug substances and generally constitute around 30% of their composition. HCL with very high purity can be utilized in the chemical synthesis of active drug components. One more product that is extensively utilized in the pharmaceutical sector is monochloroacetic acid. It is among the most significant semi-finished products in the chemical sector and is extensively used in numerous organic synthesis procedures. It can be used for the production of caffeine, vitamins, glycine, and many more. Monochloroacetic acid chloride is a forerunner of adrenaline.

Drug forms 

These are typically, polymers or plastics used for their production. Drugs might take numerous forms: solid, liquid, and semi-solids.

These are some of the fine chemicals, which are used in the manufacturing of various kinds of pharmaceuticals, thus helping the demand of the same to grow at a significant pace.

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Asia-Pacific Mobile Cranes Market To Prosper in Near Future

From $13.0 billion in 2020, the global mobile cranes market value is predicted to surge sharply by 2030, as per the estimates of P&S Intelligence, a market research company based in India. The market is being propelled by various factors, such as the surging construction activities and rapid industrialization, especially in emerging economies. In addition, the growing adoption of the global positioning system (GPS) technology is also driving the growth of the market across the globe. 

With the mushrooming population all over the world, the governments of many countries are making huge investments in large-scale infrastructure development and construction projects. In addition, due to the soaring purchasing power of people, increasing government efforts for providing affordable housing, and rapid urbanization, huge investments are being made in the construction of apartments, hotels, offices, civic infrastructure facilities, and retail centers. For example, the Indian government allocated a budget of $212.8 billion in April 2020 for the development of roads over the next two years. 

Furthermore, the changing lifestyles of people, especially in developing nations, are also fueling the requirement for housing, which is, in turn, propelling the demand for mobile cranes. Depending on type, the mobile cranes market is divided into side-lifter, rough-terrain, crawler crane, telescopic handler, all-terrain, and truck-mounted categories. Out of these, the truck-mounted category contributed the highest revenue to the market in the past. This was because of the high requirement for the movability and flexibility of construction equipment in order to facilitate faster infrastructure development. 

When application is taken into consideration, the market is classified into industrial, utility, and construction. Amongst these, the construction category dominated the market in the past years. This is ascribed to the surging renovation and construction activities around the world. Furthermore, the rapid construction of pavements, rail and road bridges, and high-rise buildings is also propelling the progress of the category in the market. Across the globe, the Asia-Pacific region is predicted to generate the highest revenue in the mobile cranes market in the coming years.

Hence, the demand for mobile cranes will surge sharply in the coming years, primarily because of the increasing construction and infrastructure development activities and rapid industrialization and urbanization across the globe. 

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How Will Extensive Food Demand Strengthen Seed Treatment Market?

A number of factors such as the burgeoning demand for basic grains and vegetables on account of the booming population, increasing support of governments and private organizations for the agriculture sector, soaring need for biofuels, and surging use of technologically advanced solutions are expected to propel the seed treatment market growth in this decade. In recent years, technological advancements in seed coating delivery systems have become a prominent market trend.

The rising need for basic grains and vegetables, owing to the booming global population, will drive the global demand for seed treatment products in the coming years. As per the UNFPA, the global population will grow from 7.7 billion in 2019 to approximately 9.7 billion by 2050 and nearly 11 billion around 2100. Population boom will create a huge requirement for seed treatment products, as good quality seeds are the basic need to increase crop production and its quality.

According to P&S Intelligence, the cereals and grains category, within the crop type, held the largest share in the seed treatment industry in 2020, and it is also expected to retain its dominance in the coming years. This can be attributed to the soaring per capita income and the booming population. With a surge in per capita income, people around the world are consuming a high volume of barley, sorghum, ragi, corn, and rice. Additionally, the increasing urbanization rate and the changing customer taste, occupational structures, and lifestyle will also boost the market growth in this category. 

Presently, the seed treatment industry is dominated by Adama Ltd., Bayer AG, BASF SE, Corteva Inc., Croda International Plc, Eastman Chemical Company, FMC Corporation, Nufarm Limited, Novozymes A/S, and Syngenta AG. Nowadays, these players are actively focusing on product launches to consolidate their position. For instance, in March 2020, Corteva Inc. unveiled Lumivia CPL, a non- neonicotinoid-based seed treatment product, to protect the seeds of lentils, cereals, and peas from pests.

Thus, the booming need for food products and biofuels will drive the demand for seed treatment products, worldwide. 

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Why Are Customers Shifting from Natural Fibers to Synthetic Fibers?

Over the last few years, customers have shifted from natural fibers to synthetic or man-made fibers due to the cost-effectiveness, wider application base, and abundant availability of the latter. Additionally, higher strength, elasticity and resistance to wear of synthetic fibers make them more sought after than natural variants. As man-made fibers are not dependent on agricultural produce and favorable temperature ranges, which are inconsistent due to global warming, their production will not be hindered by changing agriculture patterns and weather conditions.

Acrylic, polyester, polyolefin, and nylon are the different types of synthetic fibers being produced in contemporary times. In recent years, the consumption of polyester fibers has significantly surged in heavy-duty industrial applications, such as conveyor belts, due to their high strength and elasticity, low cost, and recyclability. Thus, the increasing consumption of polyester will help the synthetic fibers market prosper during 2021–2030. According to P&S Intelligence, the market generated ~$60.0 billion revenue in 2020.

Moreover, the expanding clothing industry will also accelerate the consumption of synthetic fibers in the forthcoming years. For instance, the Ministry of Textiles, Government of India, states that cloth production (excluding wool, silk, and khadi) in the country grew from 66,845 million square meters (sq. mtr.) during 2017–2018 to 70,046 million sq. mtr. during 2018–2019. Furthermore, the National Council of Textile Organization (NCTO) states that U.S. textile and apparel shipments stood at $64.4 billion in 2020.

Apart from industrial and clothing applications, synthetic fibers are also used in automotive, home furnishing, and filtration applications. For example, automobile manufacturers use polyester fibers in the production of insulation materials, automobile carpets, fuel filters, door panels, seat fabrics, airbags, tires, and air filters. Customers can avail these fibers from offline and online distribution channels. In the forthcoming years, end users will show high interest in online channels, because e-commerce platforms offer easy accessibility and convenience of shopping to customers.

In recent years, synthetic fiber producers, such as Toray Chemical Korea Inc., Teijin Frontier Co. Ltd., Lenzing AG, Indorama Corporation, Toyobo Co. Ltd., E. I. du Pont de Nemours and Company, The Dow Chemical Company, and Bombay Dyeing & Manufacturing Co. Ltd., have been engaging in mergers and acquisitions to reach out to a larger number of customers. For example, in March 2021, Teijin Frontier Co. Ltd. merged its subsidiary companies— Teijin Modern Yarn Co. Ltd. and Shinwa Limited to develop, produce, process, and sell yarns under a new name, Teijin Frontier Knitting Co. Ltd.

Globally, the Asia-Pacific region dominated the synthetic fibers market in the recent past, due to the large-scale production of acrylic, polyester, nylon, and other man-made fibers in India, Taiwan, Japan, and South Korea. For instance, according to the Ministry of Textiles of the Government of India, India produced over 1441 million kg of synthetic fibers during 2017–2018. Furthermore, the Ministry reported that India is the second largest producer of viscose and polyester in the world. 

Thus, the wide application base of synthetic fibers will amplify their consumption in the upcoming years.

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How Will Automobile Sector Facilitate Physical Vapor Deposition Technology Use?

According to OurWorldInData, the installed solar energy capacity of the world increased from 580.76 gigawatts (GW) in 2019 to 707.50 GW in 2020. Further, the International Energy Agency (IEA) forecasts that China, the U.S., Europe, India, and Latin America will add 35.3 GW, 18.8 GW, 23.6 GW, 11.1 GW, and 6.8 GW to their net solar photovoltaic (PV) capacity, respectively, in 2022. The surging adoption of solar energy products, on account of the soaring preference for clean and green energy, will facilitate the use of physical vapor deposition (PVD) components in the coming years.

Moreover, the large-scale integration of advanced technologies in automobiles, especially electronics and semiconductors, will help the physical vapor deposition market grow during 2021–2030. According to P&S Intelligence, the market generated $20 billion in 2020. PVD, a vacuum deposition process, is used to fabricate thin films and micro-structure and nanostructured coatings, which are used in semiconductors and coatings of automobiles. The ongoing advancements being made in nanoscience will augment the use of PVD technology-based coatings in vehicles globally.

Currently, the physical vapor deposition market is dominated by Angstrom Engineering Inc., Tokyo Electron Limited, Impact Coatings AB, Advanced Energy Industries Inc., Sulzer Ltd., IHI HAUZER Techno Coating B.V., Applied Materials Inc., Richter Precision Inc., Denton Vacuum LLC, PLATIT AG, OC Oerlikon Corporation AG, Plasma Quest Limited, and Kurt J. Lesker Company. Nowadays, these companies are unveiling novel products, entering into collaborations, and signing acquisition agreements to cater to the needs of existing and potential clients.

Globally, the Asia-Pacific region was the dominant user of PVD components and processes in the preceding years, and it is expected to retain its dominance in the upcoming years. This can be primarily credited to the surging adoption of flash and dynamic random-access memory (DRAM) in Japan, India, and China. Additionally, the booming semiconductor industry, on account of the growing penetration of smartphones and laptops, will also propel the use of PVD technology in the region.  

Thus, the rapid shift toward solar energy and the widescale integration of semiconductors in vehicles will fuel the adoption of PVD components in the foreseeable future. 

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How Is Construction Sector Reducing Waste through 3D Printing Technology?

The construction sector generates a considerable amount of waste, owing to which they are using 3D printing for construction as the technology utilizes the exact volume of material required to print the structure, thereby mitigating the generation of large volumes of waste. For instance, the Environmental Protection Agency (EPA) estimates that the construction industry in the U.S. generated 600,330 tons of debris in 2018. Further, the Center for Science and Environment (CSE) states that India generates approximately 150 million construction and demolition debris waste every year. 

Thus, the increasing awareness among construction companies about the necessity of reducing construction waste, owing to the rising consciousness regarding environmental degradation, is expected to propel the 3D printing construction market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated ~$15 million revenue in 2020. In recent years, the advent of sand 3D printing and metal and robotic arm extruders technologies has led to the development of new construction methods, as such technologies that facilitate the creation of complex and unusual designs and shapes.

At present, construction companies are using metals, composites, and concrete to create 3D structures. Construction firms use these materials in extraction and powder bonding methods to develop complex and intricate designs. In the coming years, the extrusion method will be preferred over the power bonding method, due to the increasing construction of building and expanding infrastructure sectors. This method allows for the usage of conventional construction materials, such as cement, clay, concrete, and geopolymers, in on-site construction applications. 

The end use segment of the 3D printing construction market is bifurcated into infrastructure and building. Under this segment, the building category is expected to display the faster growth during the forecast period, due to the expanding construction industry in developing nations and the increasing need for affordable housing. Moreover, the burgeoning demand for high-performance and complex designs that can be conveniently transformed to life will also contribute to the growth of this category worldwide.

In recent years, companies, such as Xtreee, Mx3D, Contour Crafting, Yingchuang Building Technique (Shanghai) Co. Ltd., Cybe construction, and Beijing Huashang Luhai Technology, have increased their presence in developing countries to reach out to a greater number of customers. For instance, Yingchuang Building Technique (Shanghai) Co. Ltd. printed the office of the Dubai Municipality in February 2021. This office is the first 32-printed commercial building and it is mentioned in the Guinness Book of World Records.

Globally, the Asia-Pacific 3D printing construction market generated the highest revenue in 2020, and it is expected to demonstrate the fastest growth in the forecast years. This can be credited to the soaring number of buildings being constructed through sustainable methods, increasing number of manufacturing units, and rising research and development (R&D) activities. Additionally, the strong presence of numerous construction companies also contributes to the market growth in the region. Among APAC countries, Japan and China hold immense growth potential for emerging technologies such as 3D printing for construction.

Thus, the surging focus of construction companies on reducing waste and increasing availability of technologically advanced construction methods will accelerate the adoption of 3D printing technology in the construction sector. 

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Why Did Polyethylene Glycol Consumption Boom during COVID-19 Pandemic?

Pharmaceutical has always been one of the most-lucrative industries in the world as human health is paramount! Moreover, the rising prevalence of all kinds of acute and chronic diseases is driving the demand for medicated drugs. For instance, heart diseases and cancer carry an annual mortality of 17.9 million and 9.6 million, respectively, as per the World Health Organization (WHO). In recent years, these diseases have been two of the strongest driving forces behind the growth of the global pharmaceutical sector.

Considering this factor, P&S Intelligence expects the polyethylene glycol market revenue to rise massively from $4.5 billion in 2020. This is because polyethylene glycol, often abbreviated as PEG, is a key ingredient in pharmaceutical drugs, being consumed widely as a suppository base for capsules and tablets and as a solvent. Moreover, it is widely used in the production of ointments, which are popular among people with skin issues or wounds.

Asia-Pacific (APAC) is set to continue to remain the largest polyethylene glycol market in the coming years. Even though the region’s innovative pharma sector is not as large as that of North America and Europe, APAC is the largest producer of generic medicines. Moreover, European and North American pharma, personal care, and cosmetic companies are establishing manufacturing plants here to leverage the low raw material and labor costs and less-stringent environmental regulations.

Another key reason for the high consumption of PEG in the region is APAC’s massive construction industry, which continues to grow. Due to their large populations, China and India are rapidly constructing residential, commercial, and industrial infrastructure. PEG is a vital ingredient in water-based paints, coatings, and inks, which are witnessing a rise in their consumption due to their volatile organic compound (VOC)-free nature. Hence, with the booming construction activities in the region, the demand for polyethylene glycol will continue to burgeon.

Therefore, as more people fall prey to diseases and become conscious of their appearance, PEG consumption will rise further.

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Why Is Retail E-Commerce Sector Using Packaging Materials in Abundance?

The United Nations Population Fund (UNFPA) forecasts that the global population will grow from 7.7 billion in 2019 to 9.7 billion by 2050, and the life expectancy at birth will surge from 72.6 years in 2019 to 77.1 years by 2050. The burgeoning population is expected to purchase an enormous quantity of consumable and non-consumable products, which are available on online platforms and retail stores. With the rising shift toward digital platforms, owing to the growing internet penetration, people will rapidly shift toward retail e-commerce platforms.

Moreover, the increasing affordability of smartphones, on account of the rapid technological advancements in the consumer electronics industry, will help the retail e-commerce packaging market exhibit an exceptional CAGR of 12.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $23,987.7 million in 2020, and it will generate $74,873.0 million revenue by 2030. At present, the mounting investments being made by e-commerce firms for the innovation of packaging products are becoming a major market trend.

The end user segment of the retail e-commerce packaging market is classified into cosmetics and personal care, consumer electronics, furniture and home furnishing, food and beverages, fashion and apparel, and others, such as automobile, home and garden, healthcare, office supplies, and toy. Among these, the consumer electronics category accounted for the largest market share in 2020 because e-commerce platforms provide numerous offers and discounts on consumer electronic products. Additionally, the availability of customer support also fuels the demand for electronics as some traditional brick and mortar stores do not offer this service.

Geographically, the Asia-Pacific (APAC) retail e-commerce packaging market generated the highest revenue in 2020, owing to the booming population, growing e-commerce sector, and surging focus of people on the latest technologies. In 2020, China held the largest share in the APAC market due to the soaring popularity of online shopping, owing to the availability of lucrative discounts and increased convenience and security offered by such platforms. Whereas, the Indian market is expected to demonstrate the fastest growth in the region, on account of the flourishing e-commerce industry in the country. 

Thus, the booming world population and the mounting investments being made in the development of innovative packaging solutions will accelerate the usage of packaging materials in the retail e-commerce sector.

Read More: https://www.psmarketresearch.com/market-analysis/retail-e-commerce-packaging-market-analysis

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How Is Automotive Sector Fueling Water-Based Adhesive Specialty Tape Demand?

The International Organization of Motor Vehicle Manufacturers (OICA) states that the global automotive industry manufactured 21,787,126 commercial vehicles and 55,834,456 passenger cars in 2020. Further, the International Energy Agency (IEA) estimates that 78,000 electric buses, 7,000 electric buses, and 1,000 electric buses were registered in China, Europe, and the U.S., respectively, in 2020. It also reveals that the stock of battery electric vehicle (BEV) cars in China, Europe, and the U.S. in 2020 stood at 3.5 million units, 1.8 million units, and 1.1 million units, respectively. 

The expanding automobile and electric vehicle (EV) sectors will help the water-based adhesive specialty tapes market grow at a CAGR of 6.5% during 2020–2030. According to P&S Intelligence, the market revenue will surge from $5,093.2 million in 2020 to $9,514.9 million by 2030. Automakers around the world are increasingly using water-based adhesive specialty tapes, such as foam tapes, double-sided tapes, and protection tapes, due to the advancements in vehicle technology and the introduction of new automobiles, such as aluminum cars and smart cars.

The resin type segment of the water-based adhesive specialty tapes market is categorized into acrylic polymer ethylene (APE) emulsion, vinyl acetate ethylene (VAE) emulsion, polyvinyl acetate (PVA) emulsion, polyurethane dispersion (PUD), styrene butadiene (SB) latex, and others. Under this segment, the PVA emulsion category generated the highest revenue in 2020, owing to the low cost, excellent biodegradation resistance, and high initial tack properties of this resin. Moreover, PVA resins also produce hard and clear films that can withstand petroleum fuels, water, oil, and grease. 

Globally, the Asia-Pacific (APAC) region accounted for the largest share in the water-based adhesive specialty tapes market in 2020, and it is also projected to retain its dominance in the forecast years (2021–2030) as well. This can be ascribed to the booming electrical and electronics, healthcare, and automotive sectors, mounting disposable income of people, and flourishing economy in regional countries. For instance, the Organisation for Economic Co-operation and Development (OECD) states that the average household net adjusted disposable income per capita of Australia is $32,759 a year. 

Thus, the flourishing automotive and healthcare industries will result in the largescale adoption of water-based adhesives specialty tapes in the coming years.

Read More: https://www.psmarketresearch.com/market-analysis/water-based-adhesive-specialty-tapes-market

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How Is Construction Sector Augmenting Hydraulic Equipment Demand?

Developing countries, especially in the Asia-Pacific (APAC) region, are observing a significant surge in the number of manufacturing plants, owing to the easy availability of low-cost raw materials and labor, and flexible environment protection laws in these nations. The increasing number of factories in such nations is expected to steer the hydraulic equipment market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated $37 billion revenue in 2020.

Moreover, the rising construction activities in developing countries, on account of heavy investments being made in the development of offices, apartments, and civic infrastructure, will also result in widescale usage of hydraulic equipment worldwide. Additionally, the increasing number of government housing projects, owing to the booming global population, is also expected to encourage the adoption of hydraulic equipment in the forthcoming years. For instance, the United Nations Department of Economic and Social Affairs (UNDESA) predicts that the world population will reach 8.6 billion by 2030 and 9.8 billion by 2050.

The type segment of the hydraulic equipment market is bifurcated into mobile hydraulics and industrial hydraulics. Under this segment, the mobile hydraulics category generated a higher revenue in 2020, and it is also expected to demonstrate considerable growth throughout the forecast years. This can be attributed to the burgeoning need for hydraulic power at remote locations and difficult terrains and the increasing advancements in hydraulics technology. Also, mobile hydraulics are used to lift heavy loads in several end-use sectors.

Globally, the APAC region has emerged as the largest user of hydraulic equipment in recent years, owing to the accelerating industrialization rate, mounting investments being made in the infrastructure sector, and surging construction activities. For example, the Australian Government allocated $2.5 billion to the Local Roads and Community Infrastructure Program through the 2021–2022 budget. Moreover, easy control and constant torque irrespective of speed changes offered by hydraulic equipment are also encouraging their adoption in the region.

Thus, the escalating industrialization rate and the expanding construction sector will propel the adoption of hydraulic equipment in the foreseeable future.

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Surge in Cosmetics Industry Propelling Demand for Cosmetic Chemicals

The requirement for cosmetic products has surged sharply in recent years, owing to the increasing disposable income of people and their rising consciousness toward looks and appearance. The increasing concerns being raised over physical appearance, hair loss, gray hair, and skin health and rapidly evolving hairstyling trends are making people spend heavily on cosmetics. Moreover, the soaring investments being made by cosmetic producers, such as Eastman Chemical Company, The Dow Chemical Company, Croda International Plc, Givaudan S.A., Evonik Industries AG, Bayer AG, and Lonza Group, on the commercialization of premium skincare, personal care, beauty products, and haircare, are also driving the cosmetic chemicals market.

Additionally, the rising public awareness about various superior beauty products, grooming therapies, and treatment procedures, evolving fashion trends, and mushrooming population of urban people, especially millennials, are also fueling the expansion of the cosmetics industry, which is, in turn, augmenting the demand for cosmetic chemicals around the world. Many organizations are conducting exhaustive research and development (R&D) activities in order to develop innovative and advanced products, thereby propelling the cosmetic chemicals market to unprecedented heights. P&S Intelligence, a market research organization based in India, found that the value of the industry reached $20.0 billion in 2020 because of these factors.

Emollients and moisturizers, emulsifying and thickening agents, colorants and pigments, non-ionic, cationic, amphoteric, anionic, and surfactants are the most widely used cosmetic chemicals across the world. Amongst these, the demand for emollients and moisturizers was observed to be the highest in the past, owing to the fact that emollients, such as glycerin, zinc oxide, mineral oil, petrolatum, and olive oil, are heavily used for producing lotions, lipsticks, creams, and moisturizers.

Globally, the sales of cosmetic chemicals were found to be the highest in the Asia-Pacific (APAC) region during the last few years. This was because of the existence of several large- and small-scale cosmetic producers and suppliers of various associated chemicals in the region. Additionally, cosmetic chemical producers in the region are increasingly focusing on developing technologically advanced ingredients for producing advanced cosmetic products. Across the world, cosmetic chemicals market players are focusing on product launches to augment their revenue and expand their customer pool. For example, BASF SE developed Luviset 360, which is a new styling polymer that provides styling performance in six unique ways, in May 2020. 

Thus, the demand for cosmetic chemicals will undoubtedly shoot up in the upcoming years, primarily because of the booming sales of cosmetic products all over the world.

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Boom Expected in Global Synthetic Rubber Market in Near Future

The global synthetic rubber market revenue stood at $31.0 billion in 2020, and the market is expected to exhibit huge expansion in the coming years. The market is being propelled by the rising demand for automotive tires, mushrooming requirement for long-lasting rubber, ballooning production capacity of many rubber manufacturers, and surging investments being made by them. Additionally, the booming automotive industry and the implementation of initiatives by several governments for increasing disposable income of citizens, facilitating industrialization, and fueling economic progress are also driving the market.

The soaring manufacturing and sales of automobiles, especially in developing nations, such as India and China, is fueling the expansion of the automotive industry. For instance, as per the India Brand Equity Foundation (IBEF), the automotive industry in India is predicted to reach a revenue of INR 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. As rubber and rubber products are extensively used in the automobile industry in various applications, such as body sealing systems, vehicle anti-vibration systems, suspension systems, fluid transport systems, fused components, flat seals, O rings, and adhesives and sealants, the surge in the industry is positively impacting their demand.

In addition, many components in the engine compartment, such as engine seals and hoses in air conditioning systems, are produced from high-grade synthetic rubber. Owing to these factors, the expansion of the automotive industry is propelling the synthetic rubber market across the globe. Depending on product type, the market is divided into polybutadiene rubber (BR), butyl rubber (IIR), acrylonitrile-butadiene rubber (NBR), styrene-butadiene rubber (SBR), ethylene-propylene-diene rubber (EPDM), and styrene block copolymer (SBC).

This is ascribed to the ballooning requirement for replacement tires, owing to the soaring sales of two-wheelers and four-wheelers all over the world. Geographically, the Asia-Pacific (APAC) region contributed the highest revenue to the synthetic rubber market in the years gone by. This was because of the high requirement for synthetic rubber in the tire and construction industries. Moreover, leading automakers are rapidly setting up their manufacturing facilities in the APAC countries in order to strengthen their position in the industry. Currently, the automotive industry is surging in China, on account of the growing demand for clean automobiles, which is also fueling the expansion of the regional market.

Hence, the market will exhibit rapid expansion in the forthcoming years, mainly because of the booming sales of automobiles all over the world.

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