Tuesday, March 30, 2021

U.S. Healthcare Personal Protective Equipment Market Size Is Projected To Reach $13.2 Billion By 2027

The U.S. healthcare personal protective equipment market size is anticipated to reach USD 13.2 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 29.1% from 2020 to 2027. The aging population is expected to augment the demand for healthcare services, which, in turn, is expected to boost the medical-grade PPE demand over the coming years.

PPE is used by medical practitioners to protect their skin and exposed mucous membranes from exposure to contaminated blood or other potentially infectious bodily fluids/materials. An increasing number of hospital-induced infections, coupled with rising educational campaigns organized by the OSHA on occupational exposures, is expected to drive demand.

Healthcare spending in the U.S. has been increasing considerably since the past few years. Demand for healthcare services and products has led to increased use of healthcare personal protective equipment. In addition, the growing geriatric population in the country is anticipated to boost healthcare spending over the forecast period.

According to the Centers for Disease Control and Prevention, 60% of the U.S. adult population has chronic conditions and over 40% of the adult population has two or more chronic conditions. This has led to hospitals hiring more staff, opening new sites, and extending working hours, which has resulted in creating opportunities for PPE manufacturers.

Full Research Report On U.S. Healthcare Personal Protective Equipment Market Visit Here: https://www.grandviewresearch.com/industry-analysis/us-healthcare-personal-protective-equipment-market

U.S. Healthcare Personal Protective Equipment Market Report Highlights

  • Based on product, protective clothing is anticipated to witness significant growth over the coming years owing to rising prevalence of the novel coronavirus, coupled with skyrocketing prices of isolation gowns because of the ban on imports and unavailability of raw materials
  • The respiratory protection segment is projected to expand at the fastest CAGR of 62.0% from 2020 to 2027 on account of rising demand for N95 and surgical masks, along with the introduction of Defence Production Act by the U.S. government
  • The hand protection segment held the largest share of 63.1% in 2019 due to the rise in the number of hospital admissions, coupled with the rising prevalence of skin allergies by latex gloves
  • By end-use, the hospital segment held the largest share of 54.0% in 2019 owing to increase in healthcare spending and cosmetic surgeries in the country
  • Key players in the market are focusing on upscaling their manufacturing capacities, acquisitions/partnerships, and product innovation in order to gain a competitive advantage and develop a strong foothold in the industry space.

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U.S. Healthcare Personal Protective Equipment Market Segmentation

Grand View Research has segmented the U.S. healthcare personal protective equipment market on the basis of product and end use:

U.S. Healthcare Personal Protective Equipment Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Protective Clothing
    • Coveralls
    • Gowns
    • Hazmat Suits
  • Respiratory Protection
    • Surgical Masks
    • Respirator Masks
    • Half Mask Respirators
    • Others
  • Face Protection
  • Eye Protection
  • Hand Protection
    • Disposable Gloves
    • Durable Gloves
  • Others

U.S. Healthcare Personal Protective Equipment End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospitals
  • Home Healthcare
  • Outpatient/Primary Care Facilities
  • Others

List of Key Players of U.S. Healthcare Personal Protective Equipment Market

  • 3M
  • Alpha Pro Tech
  • Ansell Ltd.
  • Medisca Inc.
  • O&M Halyard, Inc.
  • DuPont
  • Cardinal Health
  • Medline Industries, Inc.
  • Kimberly-Clark Corporation
  • Honeywell International Inc.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Friday, March 26, 2021

Andalusite Market Size Is Predicted To Reach $280.1 Million By 2025

The global andalusite market size is expected to reach USD 280.1 million by 2025, expanding at a revenue-based CAGR of 7.3%, according to a new report by Grand View Research, Inc. The growing consumption of andalusite in refractories owing to increasing demand from end-use industries such as steel and chemicals is propelling the market growth. Growing consumption of steel in construction and automotive industries is expected to propel the demand for refractories as the global steel industry consumes around 60 to 70% of refractories produced. This is likely to augment the market growth over the coming years.

Andalusite is used as foundry sand in metal casting, which is widely used in manufacturing various automotive components such as power-train, support systems, suspensions, casings, and gears. In the U.S., nearly 35% of the casting produced is used in the automotive industry. The growing demand for lightweight vehicles such as lightweight trucks is anticipated to augment the growth of the foundry market, which in turn is anticipated to propel the demand for andalusite over the coming years.

Market players are established in South Africa and Peru owing to the presence of large amount of reserves. The companies in these countries are adopting strategies such as mergers and acquisitions and capacity expansions in order to strengthen their market share and increase their regional presence. Latin Resources Limited is looking for a joint venture to develop its Guadalupito Andalusite and Mineral Sands Project situated in Northern Peru. The conceptual annual production at the site for andalusite is expected to be of 155 kilotons. Key market players include Andalusite Resources, Imerys Refractory Minerals, Resco Products, and Andalucita S.A.

Full Research Report On Andalusite Market Visit Here: https://www.grandviewresearch.com/industry-analysis/global-andalusite-market

Further key findings from the report suggest:

  • The refractories segment is anticipated to progress at a revenue-based CAGR of 7.3%, in terms of revenue over the forecast period on account of the growing demand from steel, cement, aluminum, iron, and glass industries
  • Europe emerged as the leading regional market and accounted for 61.0% of the overall volume share in 2018. This can be attributed to the increasing production of metal casting especially in Russia and France
  • Asia Pacific was the second-largest regional market and held a revenue share of 25.3% in 2018. This can be attributed to the increasing steel production and growing construction industry in China and India
  • Made in China 2025 plan was aimed to expand the domestic manufacturing sector, which in turn is likely to boost the demand for refractories and foundries. This is anticipated to augment the andalusite market growth over the coming years
  • South Africa is the largest producer of andalusite in the world. Its production declined from 270 kilotons in 2016 to 200 kilotons in 2017 and 2018, owing to heavy rains in the country.

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Grand View Research has segmented the global andalusite market on the basis of application and region:

Andalusite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Refractories
  • Foundry
  • Kiln Furniture
  • Other applications

Andalusite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • Turkey
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Wednesday, March 24, 2021

Vinyl Flooring Market Size Is Estimated To Reach $42.2 Billion By 2025

The global vinyl flooring market size is expected to reach USD 42.2 billion by 2025, accelerating at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research Inc. High strength, superior water resistance, and lightweight properties offered by the product are expected to propel its demand in residential and commercial construction projects over the forecast period.

Commercially, these products are available in various colors, textures, and design patterns and garnering the attention of consumers since the past few years. Furthermore, the product is gaining recognition among middle-class consumers on account of its visual resemblance to concrete, natural stone, and wood flooring products and significantly low cost. LVT is projected to witness a remarkable growth rate on account of affordability, low maintenance, excellent water resistance, and easy-to-clean properties of the product.

The products are considered a right fit for high-traffic applications such as restaurants, cafes, and offices owing to their noise reduction capabilities and easy maintenance. Technological developments in the industry to introduce self-adhesive flooring products, which are easy to install, are likely to lead to a high demand for these flooring products. The demand is projected to be high especially in residential DIY application segment. Non-residential spaces such as shopping malls and hotels are projected to be the prime end users of vinyl tiles owing to their superior aesthetic appeal.

Market participants primarily compete on the basis of product quality, pricing, and distribution network. Key players are engaged in efforts toward introducing products with low environmental impact and better durability. Brand reputation, diversified product portfolio, and wide geographic reach have been the key factors triggering the growth of major companies including Armstrong Flooring, Inc.; Mohawk Industries, Inc.; Tarkett S.A.; and Mannington Mills, Inc.

Full Research Report On Vinyl Flooring Market Visit Here: https://www.grandviewresearch.com/industry-analysis/vinyl-flooring-market

Further key findings from the report suggest:

  • LVT segment is expected to grow at the fastest CAGR of 9.0%, in terms of revenue, over the projected period
  • Europe market for vinyl floor sheets was valued at USD 1.6 billion in 2018 and it is expected to progress at a CAGR of 3.5% over the projected period owing to rising penetration of the product in moisture-prone areas such as kitchen and laundry rooms
  • Commercial application segment dominated the vinyl flooring market in 2018, accounting for a revenue share of over 65.1%, wherein majority of the demand was driven by the hospitality, institutional, and office segments
  • Asia Pacific was the largest market for the product in terms of both volume and revenue in 2018 and this trend is expected to continue over the projected period on account of robust growth of the construction sector in countries including India, China, and Southeast Asia
  • In 2018, Responsive Industries announced its plans to install facilities for vinyl flooring in the U.S., Europe, or the UAE at an investment worth USD 100 million to meet the western demand. The company's overseas plant is expected to produce over 6,000 tons of high-end vinyl flooring per month for the export market.

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Grand View Research has segmented the global vinyl flooring market on the basis of product, application, and region:

Product Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

  • Vinyl Sheets
  • Vinyl Tiles
  • Luxury Vinyl Tiles

Application Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

  • Residential
  • Commercial

Regional Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Spain
    • Italy
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Australia
  • Central & South America (CSA)
    • Brazil
    • Argentina
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • United Arab Emirates

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Europe Polyolefin Foam Market Driven By Rising Demand For Polyolefin Foam From The End-Use Industries

The European polyolefin foam market size is expected to reach USD 6.1 billion by 2027, expanding at a revenue-based CAGR of 5.8% over the forecast period, according to a new study by Grand View Research, Inc. Rising demand for polyolefin foam from the end-use industries is anticipated to drive the market in the forthcoming years.

Polyolefin foam is light in weight, strong, and recyclable. The density and thickness of the product can vary through technological processes. Foam of varied densities can be used to cater to different applications, including thermal insulation, noise insulation, impact resistance, furniture, packaging, and consumer goods. Polyolefin foam is expected to witness increased demand in Europe on account of its increasing application in the end-use industries. Growing popularity of lightweight, reusable, and non-toxic materials in furniture, automotive components, sealing, ducting, and consumer goods is projected to positively impact the product demand in Europe.

Protective packaging solutions for industrial, household, and automotive components and equipment have witnessed rapid growth over the past few years owing to the increased manufacturing and transportation activities across major economies. Heavy and light goods require protective packaging during transportation to avoid damages and breakages, which, in turn, is expected to augment the demand for effective and better impact-resistant packaging materials. In addition, growing importance of food packaging solutions that are non-toxic and chemically stable is expected to fuel the demand for polyolefin foam materials over the forecast period.

France is projected to witness the highest growth over the forecast period. Expanding automotive industry in the country is significantly contributing towards the growth of polyolefin foam market. According to the Organisation Internationale des Constructeurs Automobiles (OICA), automotive production in France reached 2.27 million units in 2018 from 2.22 million units in 2017. The automotive manufacturing industry in France is characterized by the presence of several manufacturers, such as Group PSA, Groupe Renault, Venturi Automobiles, BUGATTI AUTOMOBILES S.A.S., and LIGIER GROUP. Thus, growing automotive industry in France is anticipated to create significant growth opportunities for the product in the country.

Over the past few years, market players have taken up various strategic initiatives to gain foothold in the market. For instance, in May 2018, Zotefoams plc announced its plan to invest USD 29.90 million in a new foam manufacturing plant in Central Europe to increase the production of polyolefin foam by approximately 20%. The production expansion is scheduled to commence by 2020.

Full Research Report On Europe Polyolefin Foam Market Visit Here: https://www.grandviewresearch.com/industry-analysis/europe-polyolefin-foam-market

Further key findings from the study suggest:

  • Germany dominated the Europe polyolefin foam market in 2019 and is expected to witness significant growth during the forecast period
  • France is expected to witness the fastest growth over the forecast period on account of rising product demand from the end-use industries
  • Based on application, the building and construction segment held a significant market share in 2019 owing to rising construction activities across Europe
  • Key players operating in the market include Sekisui Alveo, Arkema Group, BASF SE, Armacell International S.A., and Borealis AG.

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Grand View Research has segmented the Europe polyolefin foam market on the basis of application and country:

Europe Polyolefin Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Building & Construction
  • Automotive
  • Packaging
  • Consumer Goods
  • Others

Europe Polyolefin Foam Country Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Central Europe
  • Rest of Europe

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Tuesday, March 23, 2021

Shape Memory Alloys Market Size Is Projected To Reach $26.0 Billion By 2025

The global shape memory alloys market size is expected to reach USD 26.0 billion by 2025 at a CAGR of 12.8%, according to a new report by Grand View Research, Inc. Shape memory alloy (SMA) refers to a metallic material that can be bent or stretched in its cool state. The alloy regains its original shape when heated above the transition temperature. Low temperature (martensite) and high temperature (austenite) are two stable phases of SMAs.

Gradual expansion of the automotive industry is likely to play a significant role in the demand for shape memory alloy products over the forecast period. Shape memory alloy (SMA) actuators are gaining popularity among automobile manufacturers owing to properties such as shape memory effect (SME) and super elasticity (SE). In addition, SMA actuators do not need complex and bulky design to function. Currently, there are very few applications of shape memory alloys in the automotive industry. However, increasing R&D investments by automobile manufacturers to find potential applications such as climate control, door locks, engine control valve, and actuators will drive the market.

Aerospace and defense is another promising sector for shape memory alloy products. Rising focus on multi-functionality and reliability is driving demand for advanced materials such as SMAs in aerospace applications. Such industrial applications include spacecraft, rotorcraft, and fixed-wing aircraft.

The biomedical segment is expected to exhibit a CAGR of 13.1% over the forecast period. Nickel-titanium alloy (nitinol) is one of the key raw materials, which is largely used in medical devices. Medical devices made from nitinol include dental wires, needles, catheter tubes, archwires, guidewires, and other surgical instruments. The biomedical industry is facing many challenging applications that are testing the capability of SMAs. Recent research and development activities are aimed at improving the fatigue life of the material and producing materials with low inclusion sizes.

In 2018, Mishra Dhatu Nigam (MIDHANI), an Indian manufacturer, developed new nitinol material that helps in reducing the stent prices for biomedical and heart devices. The company has also signed a Transfer of Technology Agreement with NAL, in order to explore new areas in biomedical sector.

Asia Pacific is projected to remain a key regional shape memory alloys market over the coming years. Various research institutes and organizations are focusing on development of new industrial applications. Additionally, increasing investments in smart materials, coupled with tax incentives in the manufacturing industry, are likely to boost the China market, thereby fueling the regional market. As per the 13th Five-Year Development Plan of China, new and smart materials such as shape memory alloys, graphene, and nanomaterials are likely to remain focus areas for investors.

Full Research Report On Shape Memory Alloys Market Visit Here: https://www.grandviewresearch.com/industry-analysis/shape-memory-alloys-market

Further key findings from the report suggest:

  • The biomedical segment is expected to account for the highest market share of 62.0% in 2025. Growth of this segment is attributed to increasing R&D in medical devices and surgical instruments
  • The Nickel titanium alloys (nitinol) segment is anticipated to grow at a CAGR of 13.1% during the forecast period. Increasing R&D activities for application-specific products are aiding the growth of this segment
  • Asia Pacific is the second largest regional market. Growing population in India and China and increased investment in the healthcare sector are projected to remain key drivers for the long term.
  • Europe is anticipated to grow at a CAGR of 12.6% during the forecast period. Increasing demand from aerospace and automotive industries are likely to contribute to product demand
  • Some of the key players in the market are SAES Group, ATI, Nippon Steel Corporation, Furukawa Electric Co., Ltd., Seabird Metal, and Johnson Matthey. New product development and investment in R&D are key growth strategies of these players.

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Grand View Research has segmented the global shape memory alloys market on the basis of product, end use, and region:

Shape Memory Alloy Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Nickel-Titanium (Nitinol)
  • Copper-based
  • Others

Shape Memory Alloy End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Biomedical
  • Automotive
  • Aerospace & defense
  • Consumer electronics & household
  • Others

Shape Memory Alloy Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central and South America
    • Brazil
  • Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Friday, March 19, 2021

Ultra-Thin Glass Market Future Growth & Latest Trends

The global ultra-thin glass market size is anticipated to reach USD 27.74 billion by 2025, expanding at a CAGR 10.1% over the forecast period, according to a new report by Grand View Research, Inc. The demand for ultra-thin glass is increasing in semiconductors on account of superior characteristics such as light weight and optimum performance as compared to its counterparts.

In April 2019, Samsung Electronics announced investment of around USD 114.8 billion by 2030 in logic chips business. The ongoing investments in the semiconductor industry is likely to augment the product demand over the coming years.

Ultra-thin glass is gaining acknowledgement in solar industry for manufacturing of solar panels. Leoflex, an ultra-thin glass produced by AGC Inc. of thickness ranging from 0.85mm and 1.10mm is extensively used for solar panels. According to the International Renewable Energy Agency, the solar photovoltaic capacity installations increased by 24.4% from 2017 to 2018 and is expected to grow by 50% from 2019 to 2024. The rising capacity installations is likely to propel the demand for solar panels, which can positively impact on the demand for ultra-thin glass.

Asia Pacific was the largest segment for the market in 2018 on account of increasing government initiatives to propel the manufacturing sector in India and China. For instance, the USD 15.2 billion investment for production expansion announced by BOE Technology Group, a major display manufacturer in China, in March 2018 is expected to be majorly backed by the local government.

The market is highly consolidated and competitive in nature due to presence of multinational corporations. Also, manufacturing processes including down-draw and overflow are both technology and capital-intensive. These factors are anticipated to create barriers for new entrants over the forecast period.

Full Research Report On Ultra-Thin Glass Market Visit Here: https://www.grandviewresearch.com/industry-analysis/ultra-thin-glass-market

Ultra-Thin Glass Market Report Highlights

  • Semiconductor segment is anticipated to register a CAGR of 10.3% in terms of volume, owing to increasing growth prospects in emerging technologies like autonomous driving and internet of things over the coming years.
  • Asia Pacific is the fastest growing segment with a CAGR of 11.1% in terms of revenue due to presence of more than half of the global semiconductor and flat panel display fabrication plants in the region.
  • North America is anticipated to witness a CAGR of 8.2%, in terms of volume, owing to increasing preference towards thinner automotive glazing in the region. In 2016, Saint-Gobain & Corning announced establishing a joint venture, which will manufacture automotive glazing solutions using ultra-thin glass.
  • In June 2019, Pulp Studio, a glass manufacturer launched a new product named DermaGlass, a lightweight and durable ultra-thin glass with a thickness of 1.3mm. It is damage resistant and is used in exteriors, facades, and interior applications.

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Ultra-Thin Glass Market Segmentation

Grand View Research has segmented the global ultra-thin glass market on the basis of application and region:

Application Outlook (Revenue, USD Million; Volume, Million Square Meters; 2014 - 2025)

  • Flat panel displays
  • Semiconductors
  • Automotive glazing
  • Others

Regional Outlook (Revenue, USD Million; Volume, Million Square Meters; 2014 - 2025)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
    • India
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Thursday, March 18, 2021

Structural Adhesives Market Size Is Anticipated To Reach $29.32 Billion By 2025

The global structural adhesives market size is expected to reach USD 29.32 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 6.4% over the forecast period. Increasing production of vehicles and aircraft are anticipated to boost the growth of the market.  

Replacement of fasteners with advanced adhesives is anticipated to open new market opportunities for vendors over the coming years. Fabricators in aerospace, automotive, wind energy, marine, and other industrial sectors are likely to shift to bonding products in the future. Moreover, the use of these products in industrial applications is also beneficial in the reduction of cost and fast cycle time.

Sustainability is another major driving force in the global structural adhesives market. Adhesives are increasingly being used to create lightweight cars to reduce fuel emissions and to construct energy efficient buildings, which are expected to boost demand for bio-based polymers extracted from renewable resources.

International organizations such as the U.S. Environmental Protection Agency (EPA) and the Food & Drug Association (FDA) have laid down specific regulations and guidelines for structural adhesive production. OTC RACT Rule in North America regulates common pollutants that negatively impact the ozone layer, environment, and human health; it is also increasingly targeting VOC emission limits on a range of final products.

Specific products for marine, industrial, and wind blade applications are now being developed by many companies. For instance, UK based Gurit is focused on the production of adhesives, which are primarily used for infusion and hand layup processes for epoxy-based composites. Yacht building is another niche segment application where positive demand for products has been observed in recent years.

Increasing development of new products is driving market growth. Manufacturers are focused to overcome formulating and technical challenges. This has pushed the use of new designs and materials in industrial manufacturing. Increased demand for bonding with the requirement of flexibility and strength is gaining prominence in the automotive industry. There is also a requirement to reduce the vibrations and noise in the automobiles, which can further boost the products demand in the sector. Large assemblies in buses and commercial trucks are also projected to contribute to industry growth.

Full Research Report On Structural Adhesive Market Visit Here: https://www.grandviewresearch.com/industry-analysis/structural-adhesives-market

Further key findings from the report suggest:

  • In terms of revenue, urethanes held highest market share of 58.8% in 2018. The growth in this segment is attributed to increasing demand of plastics in automotive and other industrial sectors
  • In terms of volume, cyanoacrylic segment is projected to grow at CAGR of 9.0% during forecast period. High industrial output from end-use industries is fueling the demand for this segment
  • In terms of volume, water based adhesive accounted for 55.8% of share in 2018. Growing need to reduce the VOC emissions has boosted the demand for water based products
  • Asia Pacific was leading region with volume share of 48.4% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China
  • In terms of revenue, Europe is projected to grow at a CAGR of 4.0% from 2019 to 2025 on account demand from aerospace and automotive industries
  • Some of the key players present in the structural adhesives market are 3M Company, DOW, Sika AG, Henkel AG & Co and Ashland Inc. Many players are into development of new products for niche categories. Increasing R&D expenditure to further boost the demand for competition in the industry

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Grand View Research has segmented the global structural adhesives market report on the basis of product, technology and application, and region:

Structural Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Urethanes
  • Epoxy
  • Acrylic
  • Cyanoacrylic
  • Others

Structural Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Water Based
  • Solvent Based
  • Others

Structural Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Transportation
  • Construction
  • Consumer Appliances
  • Furniture
  • Others (Industrial Machinery, Medical Devices, Packaging)

Structural Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Korea
  • Central and South America
    •  Brazil
  • Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com