What are Key Factors Fuelling Surge of Printing Inks Market in India and China?

The increasing popularity of ultraviolet (UV)-cured inks across the globe and the flourishing packaging industry are some of the major factors responsible for the growing demand for printing inks across the world. In the packaging industry, printing inks are being increasingly adopted in various applications such as metal cans, flexible materials, and tags and labels. Furthermore, the rising awareness regarding the incorporation of flexible printing products in directories, magazines, catalogs, inserts, and periodicals are significantly boosting the need for printing inks all over the world.

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Due to the above-mentioned factors, the global printing inks market is expected to exhibit huge growth in the coming years. Printing inks are extensively adopted in commercial printing, labels and packaging, and publication industries. Amongst these, the labels and packaging industry has been registering the significant usage of printing inks over the last few years. There are different types of printing inks available in the market— lithographic inks, gravure inks, flexographic inks, letterpress inks, and digital inks. Out of these, the utilization of lithographic inks was found to be very high in the past. 

One of the major trends currently being witnessed in the printing inks market is the rising popularity of flexography printing inks and increasing preference for eco-friendly printing inks throughout the world. This is mainly credited to the increasing customer spending power, changing lifestyles, and soaring awareness amongst the people about high quality flexible packaging materials. Furthermore, the increasing environmental damage caused by the usage of traditional printing inks, because of the toxic and inorganic materials present in them, are making people switch toward eco-friendly printing inks such as UV-cured and water-based printing inks.

Hence, it can be said with certainty that the sales of printing inks will escalate considerably all over the world in the coming years, mainly on account of their increasing requirement in the packaging industry and the burgeoning demand for flexible printing materials in various applications.

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Global Hot Melt Adhesives Market Set for Lucrative Growth in Future

The global hot melt adhesives market attained a valuation of $7,717.0 million in 2019 and is predicted to advance at a CAGR of 6.1% between 2020 and 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market would reach $12,761.3 million revenue by 2030. The surging consumer spending and the increasing usage of adhesives in various industries such as automotive and packaging are the main factors driving the progress of the market.

The soaring economic growth of developing countries such as China, Indonesia, and India in recent years is one of the biggest factors propelling the advancement of the hot melt adhesives market across the world. The swift economic progress of these countries has caused a sharp surge in the disposable income and per capita income of the people residing in them. This has, in turn, pushed up the requirement for products such as footwear, electronics, and clothes.

This would be because of the presence of a large manufacturing base, huge population, and the surging disposable income of the people living in the regional countries. Moreover, the soaring sales of automobiles, electronics, and packaged food products are boosting the requirement for hot melt adhesives in the region. Many companies are increasingly using these adhesives for meeting the rising requirement for various electronics products and food items. This is consequently driving the advancement of the market in the region.

Thus, it can be safely concluded that the market will demonstrate substantial growth all over the world in the upcoming years, mainly because of the rising requirement for packaged goods and the surging popularity of e-commerce across the world.

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Thriving E-Commerce Industry Driving Adhesive Tapes Market Advancement

The extensive usage of adhesive tapes in packaging applications in various industries such as e-commerce and electrical and electronics is causing a sharp surge in their sales all over the globe. Moreover, with the advancement of the e-commerce industry, on account of the rising penetration of the internet and the growing popularity of online shopping, the demand for adhesive tapes would rise, which would, in turn, cause the expansion of the global adhesive tapes market in the future.

Apart from being used the e-commerce and electrical and electronic industries, adhesive tapes are also widely required in the automotive industry. These tapes are used in the automotive industry in the form of protection tapes and double-sized tapes. Automakers are increasingly replacing the traditionally used mechanical fasteners such as screws and bolts with adhesive tapes because of the growing requirement for lightweight vehicles. The usage of lightweight adhesive solutions in place of fasteners significantly reduces the weight of the vehicle.

Across the globe, the adhesive tapes market registered substantial growth in Asia-Pacific (APAC) in the past. This was primarily because of the rapid growth of many industries in the regional countries in the last few years. APAC countries such as India and China exhibited rapid economic progress over the past few years and this positively impacted the revenue growth of healthcare, automotive, and electrical and electronics industries. This, in turn, propelled the sales of adhesive tapes in the region.

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Thus, it can be safely said that the market will flourish in the future years, on account of the advancement of the e-commerce industry and the rising popularity of online shopping and the growing usage of adhesive tapes in the automotive industry. 

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How are Increasing Research & Development Activities Driving Ultra-Thin Solar Cells Market?

The global ultra-thin solar cells market generated a revenue of $30.0 million in 2019 and is predicted to grow at a 56.9% CAGR during the forecast period (2020–2030). The increasing requirement for renewable energy and decreasing prices of photovoltaic (PV) panel components are expected to drive the ultra-thin solar cells market in the coming years. In terms of technology, the market is divided into gallium arsenide (GaAs), cadmium telluride (CdTe), and copper indium gallium diselenide (CIGS), among which, the demand for CdTe was the highest, in 2019.

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The division is further predicted to dominate the market during the forecast period as well, which is because of the fact CdTe is the only technology at the present time that rivals crystalline silicone PV cells in terms of power generation efficiency and cost. Moreover, other technologies are in the testing phase and are therefore aren’t being used as much. On the basis of grid type, the ultra-thin solar cells market is bifurcated into off-grid and on-grid. During the forecast period, the on-grid bifurcation is projected to account for the larger share of the market.

The increasing number of R&D activities across the globe is a key driving factor of the ultra-thin solar cells market. The devices can produce about 75% electricity as compared to the traditional PV cells of equal surface area. In addition to this, the technology has exhibited 30% energy efficiency during trials but is only 15% efficient when commercial scale is considered. Therefore, in order to overcome these limitations and to reduce the cost of ultra-thin solar cells, manufacturers are increasingly engaging in R&D activities. 

Premium end-users, such as spacecraft, automotive, and aerospace, and low-load-bearing building are expected to open up wide opportunities for the players operating in the ultra-thin solar cells market. As compared to the traditional silicone-based PV cells, ultra-thin solar cells are being considered a better option, owing to their cost-effective and environment-friendly nature. In addition to this, these devices are able to generate a high power output, considering their weight, owing to which, they are ideal for automobile batteries and other auxiliary energy storage devices and wearable sensors. 

In conclusion, the growing R&D activities and advantages of ultra-thin solar cells are driving the market. 

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Fire Extinguisher Sales Predicted to Climb in North America in Future

The increasing number of construction activities in the emerging economies is fueling the surge in the sales of fire extinguishers. In countries such as India, Indonesia, and China, huge investments are being made in the construction sector. These investments are also being made in many developed countries such as Japan, Saudi Arabia, and the U.S. With the rapid development of commercial centers, industrial plants, and smart cities, the requirement for fire extinguishers is predicted to soar in the coming years.

These regulations require the mandatory incorporation of fire safety systems such as fire extinguishers in residential, industrial, and commercial facilities. Additionally, emerging economies such as India, Brazil, and China are predicted to enact stringent fire safety policies and regulations in the forthcoming years to prevent the occurrence of fire hazards. This will massively push up the sales of fire extinguishes across the world in the future years. This will, in turn, fuel the expansion of the global fire extinguishers market in the future.

According to the forecast of P&S Intelligence, a market research firm based in India, the market value would increase from $4,487.0 million in 2017 to $6,452.3 million by 2023. Furthermore, the market is predicted to exhibit a CAGR of 6.2% between 2018 and 2023. Trolley-mounted and portable are the two main types of fire extinguishers sold across the globe. Between these, the demand for portable fire extinguishers was found to be higher in the past years.

Hence, it can be safely said that the sales of fire extinguishers would skyrocket all over the world in the upcoming years, primarily because of their growing requirement in commercial and industrial facilities and the increasing enactment of strict fire safety regulations in several countries around the world.

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Why is Construction Sector Most Significant Reason behind Power Rental Market Growth?

The power rental market is on track to growing at a CAGR of 10.3% during 2018–2023, from $9,167.6 million in 2017 to $16,855.5 million by 2023. Rented power simply refers to the electricity created from portable generators, hired on a temporary basis or purchased permanently, to supplement the grid power or act as the primary energy source in places with no grid connectivity. Another reason for the high demand for portable generators is the unpredictability of the grid supply, especially in emerging economies.

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Moreover, many coal- and crude oil-fired power plants, even in developed countries, have aged. With the surging concerns regarding environmental degradation, for which the electricity generation sector is the biggest culprit, contributing around 25% of the global greenhouse gas (GHG) emissions, as per the Environmental Protection Agency (EPA) of the U.S., efforts are being stepped up to either shut them down or convert them to gas-based ones. During the renovation period, electricity is required for machines, which is why utility companies are increasing using rented power.

Portable generators are used for supplying primary, standby, and continuous power. Primary power is required in places with no grid supply, while standby power is required during events of power cuts or other emergencies. Continuous power is similar to primary power, but in the former, the electricity can be supplied only for a preset load, and fluctuations in the load cannot be accommodated for. Among these, the highest demand for rented electricity has been for continuous purposes, especially in the mining, oil & gas, and manufacturing industries.

Geographically, the most fruitful power rental market has been the Middle East and African (MEA) region, owing to its growing construction sector, which is leading to the increasing demand for electricity to power machinery. In a bid to become independent from the effects of oil price fluctuations, several regional countries are focusing on other sectors for revenue, such as tourism and industrial. To host the rising number of tourists, many hotels, resorts, places of interest, and shopping malls are being constructed. Additionally, several global events are scheduled in the region, such as the 2020 Dubai Expo and 2022 FIFA World Cup in Qatar, for which preparations are underway.

Thus, as the number of people increase and power plants are shut down or decommissioned, the demand for portable generators will keep burgeoning.

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Surging Global Population to Fuel Revenue Growth of Global Agricultural Adjuvants Market Between 2020 and 2030

Due to the soaring investments being made in the agriculture sector, the growing requirement for food products and higher agricultural yield, and the rising requirement for agrochemicals, the global agricultural adjuvants market is predicted to grow, in valuation, from $3,106.7 million to $5,485.1 million from 2019 to 2030. The market will also progress at a CAGR of 5.5% from 2020 to 2030, according to the forecast of P&S Intelligence, a market research firm based in India.

The increasing population in several countries is massively pushing up the requirement for food items. This is, in turn, fueling the demand for higher agricultural yield. As per the United Nations Department of Economic and Social Affairs’ (UNDESA) Population Division, the total population all over the world is predicted to grow from 7.6 billion to almost 9.8 billion from 2017 to 2050, exhibiting a growth rate of 30.9% during the next 33 years. 

Because of the beneficial traits of activator adjuvants such as the ability to reduce surface tension and enhance solubilization, they are increasingly being adopted in farming processes throughout the world. Globally, the North American agricultural adjuvants market is expected to be very prosperous in the coming years, primarily because of the presence of several major agricultural adjuvant producing companies such as Clariant AG, Croda International PLC, Wilbur-Ellis Holdings Inc., Stepan Company, and Brandt Consolidated Inc. in the region.

Therefore, it is certain that the market will demonstrate huge expansion all over the world in the forthcoming years, on account of the growing requirement for higher agricultural yield and productivity, due to the surging population levels around the world.

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