Global Chemicals & Materials Market Report

[chemicalsmarketreport]

Demand for Packaging Adhesives Set to Skyrocket in Far East in Future

With the expansion of the food and beverages industry, the demand for packaging adhesives is soaring all over the world. This is mainly because of the growing requirement for maintaining the shelf life or the freshness of the packaged food items, due to the increasing public awareness of health and wellness. According to All4Pack Paris, food packaging generated a revenue of $273.9 billion in 2017 and is predicted to rise to $356.7 billion revenue by 2023.

Besides the aforementioned factor, the surging urban population, the growing public awareness of health and nutrition, the emergence of busier lifestyles, and the flourishing tourism sector in various countries are also fueling the booming popularity of packaged healthy foods, which is, in turn, driving the sales of packaging adhesives across the globe. Apart from this, the increasing popularity of e-commerce, on account of the surging penetration of the internet, is also propelling the demand for these adhesives around the world.

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The rising usage of low-tack adhesives (LTAs) for various reclosable applications is creating lucrative growth opportunities for the players operating in the packaging adhesives industry. Due to their high-adhesion ability in various reclosable applications, these adhesives provide better usability and a highly cost-competitive option to the product manufacturing organizations for multiple packaging applications. Additionally, the goods with LTAs do not need accurate alignment for reclosing a packaging, unlike the conventionally used zipper seals.

Due to the above-mentioned factors, the sales of packaging adhesives are mushrooming all over the world. This is, in turn, propelling the growth of the global packaging adhesives market. As a result, the valuation of the market is predicted to rise from $10,426.9 million in 2019 to $17,137.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 4.6% between 2020 and 2030. Based on formulation, the market is classified into water-based, solid-based, and solvent-based.

Out of these, the water-based category recorded the highest growth in the market in the past years. This is because the water-based packaging adhesives are highly eco-friendly in nature and do not consist of toxic volatile organic compounds (VOCs), unlike the more widely used solvent-based adhesives, which are extremely hazardous for the human health as well as the environment. Geographically, the packaging adhesives market would boom in the Far East region in the upcoming years.

According to P&S Intelligence, a market research firm based in India, the key factors driving the sales of packaging adhesives in the region are the rapid expansion of the consumer goods manufacturing sector and the growth of the e-commerce industry in South Korea, Japan, and China. As packaging adhesives are used heavily in the e-commerce industry for labeling, which is required for product tracing, the expansion of the e-commerce industry is positively impacting the packaging adhesives market growth.

Thus, it can be said with certainty that the demand for packaging adhesives would shoot-up across the world in the upcoming years, mainly because of their rising requirement in the food and beverages and e-commerce industries for various applications.

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What are Key Factors Driving Titanium Dioxide Demand in Asia-Pacific?

The rapid expansion of the paints and coatings industry is one of the biggest factors responsible for the ballooning demand for titanium dioxide across the world. As per the observations of the World Paint & Coatings Industry Association, in 2019, the total value of the worldwide paint and coatings sales was $172.8 billion. This was mainly because of the high construction expenditure, thriving automotive industry, the presence of a large urban population, and better economic conditions in various countries.

The escalating requirement for paints and coatings is pushing up the sales of titanium dioxide. This is because this compound is an integral component of various paints and coatings pigments. Besides this factor, the growing deployment of lightweight vehicles, on account of the rising concerns being raised over automotive emissions, fuel efficiency, and carbon footprints, is also fueling the titanium dioxide market boom. This compound is extensively used in the coatings, which are applied on several polycarbonate structures.

These structures are heavily used in lightweight automobile manufacturing. Titanium dioxide-based coatings are applied on the polycarbonate structures for impacting stability, durability, and scratch resistance to them. Apart from these factors, the low haze and price and the ability of the material to easily blend with various solvents such as water, alcohol, and oil, which is very advantageous for the paints and coatings industry, are also fueling the surging sales of the material.

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This is subsequently causing the boom of the global titanium dioxide market. As a result, the industry valuation is predicted to grow from $15,020.1 million to $24,026.1 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 4.5% between 2020 and 2030. Depending on process, the market is bifurcated into chloride and sulphate. Between the two, the sulphate category recorded higher growth in the market in the past years.

This is because the sulphate process allows the extraction of the compound from all ores— rutile, titania slag, and ilmenite, unlike the chloride process, which only allows the extraction of the compound from rutile ores. Additionally, the sulphate process uses mature and simpler technology for the extraction. Moreover, the equipment and devices used during sulphate-based extraction processes are highly resistant to corrosion and easy to use. Because of these reasons, the sulphate category will register higher growth in the future.

Geographically, the titanium dioxide market is currently recording the highest growth in the Asia-Pacific (APAC) region, as per the findings of P&S Intelligence, a market research company based in India. This is credited to the rapid setting up of various production plants and facilities and the presence of a flourishing construction industry, on account of the increasing migration of people to cities and towns and the surging population, in the regional countries.

Hence, it is safe to say that the demand for titanium dioxide would explode all around the world in the coming years, mainly because of the growing requirement for the compound in the paints and coatings and automobile industries.

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What are Factors Driving Automotive OEM Coatings Market Advancement in Asia-Pacific?

The global automotive OEM coatings market generated a revenue of $10,997.4 million in 2018 and is predicted to attain more than $13,661.4 million valuation by 2024. According to the forecast of the market research firm, P&S Intelligence, the market would exhibit a CAGR of 4.2% from 2019 to 2024. The rapid expansion of the automotive industry in emerging economies and the various technological innovations and advancements being made in automotive OEM coatings are the main growth drivers of the market.

Rapid technological innovations and advancements being made in automotive OEM coatings in the Asia-Pacific (APAC) region are causing a sharp surge in the demand for these coatings, thereby propelling the progress of the market. Many OEM paint and coating producers are increasingly focusing on novel technologies, processes, and products for providing the most efficient products to the automakers. Moreover, various automobile manufacturing companies are focusing on technological developments and initiatives that cover several benefits and features in automotive coatings.

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Some of these beneficial traits are excellent functionality, reduced emissions, less maintenance charges, and regulatory compliance. In many countries, huge investments are being made for boosting automotive manufacturing. This is predicted to serve as an excellent growth opportunity for the automotive OEM coatings market in the future. For example, in the developing nations such as Indonesia, Brazil, and India, luxurious vehicle manufacturing companies are aiming for rapid expansion in order to attract the middle-class and upper-middle class populations.

Furthermore, with the rising disposable income of the people and the macroeconomic growth of these countries, the consumer demand for vehicles would surge in the coming years. This will, in turn, push up the requirement for allied products and components such as automotive OEM coatings and various automobile accessories in the forthcoming years. Depending on layer, the automotive OEM coatings market is divided into clearcoat, basecoat, primer, and electrocoat categories.

Out of these, the clearcoat category is predicted to register the highest growth in the market in the coming years. This would be because of the growing popularity of clearcoat, on account of its ability to provide protection from harmful ultra-violet (UV) rays. Globally, the automotive OEM coatings market is predicted to demonstrate the highest and the fastest growth in Asia-Pacific in the future years, on account of the ballooning automotive manufacturing in the region.

In regional countries such as India, China, and Indonesia, automotive manufacturing is surging rapidly, thereby creating a huge requirement for automotive coatings at various automobile manufacturing sites. As per the surveys done in 2019, China is the largest commercial vehicle and passenger car manufacturer and the second-largest two-wheeler producer in the world. The country witnessed sales of as many as 15.5 million units in the same year and this number is predicted to rise enormously in the coming years.

Hence, it can be safely concluded that the market would exhibit huge expansion all over the world in the upcoming years, mainly because of the soaring automobile manufacturing in various countries, especially in the APAC region.

[chemicalsmarketreport]

How is Increasing Stress driving Tobacco Packaging Market?

According to a report by P&S Intelligence, the global tobacco packaging market attained a value of $19,134.6 million in 2019, and it is predicted to progress at a 3.7% CAGR during the forecast period (2020–2030). The market is growing due to the rising adoption of tobacco products, owing to the increasing work life stress, and surging requirement for premium tobacco products. In terms of material type, the market is divided into metals, paper, plastics, and wood.

Out of these, the paper division is expected to account for the largest share of the market till 2030, as paper is mostly preferred for packing cigarettes. Furthermore, cigarettes are the most consumer tobacco products across the globe. According to the estimations by the World Health Organization, 6 trillion cigarettes were manufactured in 2019 and were consumed by 1 billion people. Paper and paperboard materials are further eco-friendly, which is why, they are used more for the packaging of tobacco and other end-products.

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When packaging type is taken into consideration, the tobacco packaging market is categorized into secondary and primary, between which, the secondary category held the larger share of the market in 2019. Secondary packaging is used more widely because it provides the tobacco products with a barrier against different environmental factors, including aroma dissipation and moisture, until they reach the customers. The primary category is projected to grow at a faster pace during the forecast period, as it can be removed easily before using the product.

Geographically, the tobacco packaging market is being dominated by the Asia-Pacific region during the historical period (2014–2019) and is further expected to hold the major share of the market during the forecast period as well. The consumption and production of tobacco is incredibly heavy in China, and the country is responsible for the production of almost a third of all cigarettes across the globe. This is predicted to drive the regional domain in the coming years.

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Why Is Consumption for Paints and Coatings Increasing in Industrial Sector?

Paint and coating products are consumed in high volumes by commercial, residential, and industrial end-users. The construction of houses and commercial units has significantly increased due to the booming population. Paints and coatings are primarily used for protecting and enhancing the aesthetic value of the infrastructure. Additionally, these materials are important in the automobile, packaging, furniture, marine, military, healthcare, and aerospace industries. The increasing demand for the end products will drive the paints and coatings market from $156,086.2 million in 2019 to $227,834.0 million by 2030, at a CAGR of 4.2% during 2020–2030.

Backed by technological advancements, smart coatings have begun trending among end users. These coatings can transform according to external environmental stimuli like electric field or heat. Despite their high prices, customers are willing to adopt smart coatings due to their ability to self-stratify, self-clean, and self-heal. Because of their premium prices, smart coatings are mostly procured by the automobile, aerospace, military, and healthcare sectors, which generate high revenue on a consistent basis.

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In the years to come, production units will use the varied painting and coating materials in a high volume. Owing to the rising demand for vehicles and consumer products, there has been significant growth in the packaging and automotive industries. The number of manufacturing plants of vehicles and packaging materials is increasing in emerging economies. With the growing packaging and automotive sectors, the demand for paints and coatings will certainly rise in the foreseeable future.

The Asia-Pacific (APAC) paints and coatings market generated the maximum revenue in 2019. The presence of several manufacturers in India, Japan, China, and South Korea is the prime factor behind the dominating market size. Paint and coating consumption has increased in the region because of a surge in the spending power of people, owing to a rise in their disposable income. Moreover, the regional market is projected to retain its dominance during the forecast period, by demonstrating the highest growth rate. This will be driven by the boom in the population and shift of production units to the region from the West.

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Asia-Pacific Structural Adhesives Market Set to be Most Lucrative in Future

In 2018, the global structural adhesives market generated a revenue of $11,677.9 million. According to the forecast of P&S Intelligence, a market research company based in India, the market would advance at a CAGR of 5.2% between 2019 and 2024 and reach a value of $15,683.0 million by 2024. The burgeoning requirement for structural adhesives in infrastructural development and the ballooning usage of structural adhesives in the footwear industry are the main factors driving the growth of the market.

Owing to their high resistance to chemicals and weather and high strength, structural adhesives are extensively used in infrastructural development activities. These adhesives are used for constructing and repairing in a plethora of infrastructural development applications such as those pertaining to bridges, roads, buildings, and railways. Moreover, the increasing population levels and urbanization is fueling the development of large-scale commercial and residential construction projects, which is, in turn, pushing up the demand for structural adhesives across the world.

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Besides the aforementioned factors, the growing utilization of structural adhesives in industries such as electronic, electrical, and automotive is predicted to create lucrative growth opportunities for the players operating in the structural adhesives market in the future years. Additionally, the mushrooming deployment of electric vehicles (EVs) is boosting the demand for EV battery assembly and various other operations, in which, structural adhesives are heavily used, because of their high bonding strength.

Geographically, the structural adhesives market is predicted to demonstrate the fastest and the highest growth in the Asia-Pacific (APAC) region in the coming years. This would be a result of the rapid advancement of the construction industry, on account of the surging investments being made in infrastructural development in the regional countries. These adhesives are used for bonding metals, ceramics, and plastics together in various automotive, packaging, and manufacturing applications.

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How is Growing Tourism Industry Driving Saudi Arabia Facility Management Market?

The Saudi Arabia facility management market is projected to generate a revenue of $76,244.9 million by 2030, increasing from $32,480.4 million in 2019, demonstrating a 9.3% CAGR during the forecast period (2020–2030), according to a study by P&S Intelligence. The key factors driving the growth of the market are the expanding tourism industry and rise in construction activities in the country. In terms of service, the market is divided into security, environmental management, property, support, cleaning, and catering. Among all these, the property division is dominated the market in 2019 and is expected to account for the largest share of the market during the forecast period as well. These services remain in high demand, owing to the requirement for keeping the facility in prime condition. The requirement for electrical, HVAC, and mechanical maintenance services at properties has been high as well. Furthermore, the demand for space designing, planning, and asset management is also creating high requirement for property services. Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/saudi-arabia-facility-management-market/report-sample Based on end-use, the Saudi Arabia facility management market is categorized into residential, industrial, and commercial, out of which, the commercial category accounted for the largest revenue share of the market in 2019. The increasing investments in the commercial infrastructure sector and growing government support are leading to the increasing need for facility management services in the country. These services are being widely adopted for the management of large facilities, including shopping complexes, recreational spaces, offices, and theaters. When type is considered, the Saudi Arabia facility management market is bifurcated into hard and soft services, between which, the hard services are projected to exhibit the higher CAGR during the forecast period. Since hard services are critical in nature, they are preferred widely in the country. The revenue contribution of these services is high owing to their expensive nature. As the preference for professional services in Saudi Arabia will rise, the bifurcation will register growth as well. The expanding tourism sector in the country is leading to the growth of the Saudi Arabia facility management market. The increasing tourism activities in the country are creating need for various services for maintaining a facility, providing security, and catering. In addition to this, the Ministry of Tourism of the country has announced plans for starting a tourism development fund, in June 2020. This will further result in the growth of the market during the forecast period. The increasing focus of the country on economic diversification is a key trend in the Saudi Arabia facility management market. The government is increasingly being inclined towards reducing dependence on the oil & gas sector, and is developing a long-term economic plan for decreasing the dependence on hydrocarbons. Owing to this, the focus is predicted to shift towards the development of other public sectors, including infrastructure, education, recreation, and health. This is predicted to drive the demand for facility management services in the country. Hence, the market is growing due to the expanding tourism sector and rising focus on economic diversification in the country.  

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How Asia-Pacific Region Will Boost Growth of Chlorine Market during 2020–2030

The global chlorine market valued $36,845.0 million in 2019, and it is expected to reach $63,121.6 million by 2030. The projected growth is expected to be at a CAGR of 5.2% during the forecast period of 2020–2030. This would be driven by the rising demand for polyvinyl chloride (PVC) and usage of chlorine for the treatment of water. The disinfecting and germ-killing traits of chlorine make it viable for water treatment applications.

The increasing requirement for safe water for drinking and sanitation purposes has been drawing the demand for chlorine compounds across the world. The rising awareness about the harmful effects of the consumption of untreated water has encouraged developing countries, such as India, Thailand, and Brazil, to focus on water treatment with chlorine. The surging cases of waterborne diseases, including hepatitis E, hepatitis A, cholera, and typhoid, have led to an increasing demand for clean water, especially in emerging nations, thereby driving the demand for chlorine.

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The rising demand for PVC will also drive the chlorine market during the forecast period. Chlorine’s ability to increase the melt viscosity and improve the thermal stability of PVC will increase the demand for the former in the future. These features of PVC, imparted by chlorine, make it useful for the production of automobile windshield system components and non-breakable medical containers. PVC is also applied in siding and piping in building and construction activities. These industries are witnessing robust growth, thereby driving the PVC, and eventually, chlorine demand.

Geographically, the Asia-Pacific (APAC) region garnered the maximum revenue in the chlorine market in 2019. This dominance was a result of the abundant consumption of chlorine compounds in India, China, and Thailand for water treatment and EDC/PVC production and in the pharmaceutical sector. The expansion of the automobile, construction, and electronics sectors in the APAC region will also drive the growth of the market during the forecast period, especially in India, Indonesia, and China. In particular, the growing awareness on water safety and increasing usage of PVC will drive this growth.

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Organic Fertilizer Sales Predicted to Boom Globally in Future

The proliferation of large retail markets of organic foods and beverages in Europe and North America is the biggest factor driving the demand for organic fertilizers across the world. According to the findings of the International Federation of Organic Agriculture Movement (IFOAM), the sales of organic products were concentrated in Europe and North America for a short period of time in 2019. The demand for these items was significantly high in countries such as Germany, France, and the U.S.

This was because of the high per capita income of the people living in these countries. Furthermore, as per the estimates of the organization, the sales of these products would rise sharply in the coming years, thereby creating lucrative growth opportunities for the companies operating in the organic fertilizers industry. The increasing acreage and number of organic farmlands is another major factor positively impacting the sales of organic fertilizers around the world.

The ballooning sales of these products are propelling the expansion of the global organic fertilizers market. As a result, the market is predicted to witness a surge in its valuation from $4,512.1 million to $14,746.2 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 14.1% between 2020 and 2030. Animals and plants are the major sources of organic fertilizers. Between these, the demand for animal-based fertilizers was higher in the years gone by.

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This was because the fertilizers produced from fish waste and animal bones are very high in nutritional value and thus, promote healthy crop growth. Additionally, farmers in several countries had high awareness about the various nutritional benefits of these fertilizers, which, in turn, contributed toward their high sales in the past. Depending on form, the organic fertilizers market is divided into solid and liquid categories. Of these, the solid category is currently registering higher growth in the market.

This is due to the various beneficial traits of the solid organic fertilizers, such as their ability to hold nutritional content for a longer time period than the liquid variants. Because of this reason, farmers buy these fertilizers in large quantities and stock them for longer time periods. Globally, the organic fertilizers market is predicted to exhibit the highest growth rate in the Rest of World (RoW) region in the forthcoming years.

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Polypropylene Market To Reach $226.8 Billion by 2030

The polypropylene market generated $122.7 billion in 2019, and it is set to reach $226.8 billion by 2030, at a 5.7% CAGR during the forecast period of 2020–2030. The growth will be driven by the increasing application of polypropylene compounds in banknotes, food packaging, pipes, hinged caps, and microwave containers. The amplified use of this material in the packaging industry, coupled with the growth in the nonwoven polypropylene fiber industry, is the main factor behind the expansion of this market.

According to PlasticsEurope, the global production of plastics was 359 million tons in 2018, out of which polypropylene accounted for almost 19.3% of the production. It was due to the increasing PP demand from the packaging and building and construction industries, due to its high tensile strength. The rising demand for rigid sustainable packaging will drive the polypropylene market in the forecast years. Additionally, the demand for polypropylene staple fibers for the production of blankets, carpets, bedding, vehicle components, and geotextile is also rising. As per the International Fiber Journal, polypropylene fibers accounted for 11% of the global non-woven market for staple fibers.

The polypropylene market has various segments, including type, application, and end use. Based on type, the market can be bifurcated into homopolymer and copolymer, of which the former category accounted for the larger share in the market in 2019. This was due to the better performance of PP homopolymers in thermoforming, better weldability, higher tolerance to extreme temperature and chemicals, and higher rigidity than copolymers. Copolymers are further divided into block and random, of which block copolymers are more popular, because they are tougher and less brittle than random copolymers.

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Soaring Prices of Crude Oil Fueling Global Demand for Fatty Acid Esters

Over the last few years, the public awareness regarding the numerous benefits of fatty acid esters and their ability to be used as lubricant additives in various hydraulic, metal-cutting, and automotive applications has grown massively. Moreover, the fatty acid esters are highly eco-friendly and offer cleaner and a less toxic work environment and higher lubricity than the conventional lubricants. In addition to these factors, these esters are extremely affordable, which make them highly sought after in various applications.

The main factor responsible for the low prices of these esters is the abundant availability of animal fats and plant oils, which are the major raw materials required for the production of these esters. The rapid depletion of fossil fuel reserves, because of the increasing utilization of fossil fuels in various automotive and industrial applications, and the subsequent surge in the prices of fossil fuels are also fueling the popularity of fatty acid esters across the world.

Due to the soaring prices of crude oil, the governments of many countries are increasingly encouraging the usage of bio-based lubricants. This is, in turn, causing the expansion of the global fatty acid esters market. As a result, the valuation of the market is predicted to grow from $2,240.9 million to $3,688.9 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 4.6% between 2020 and 2030.

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The huge sales of various personal care items such as detergents, shampoos, and body washes and the high demand for these esters in surfactants as an emulsifying agent contributed significantly toward the growth of the market in the APAC region in the years gone by. In the coming years, the market will exhibit swift growth in APAC, due to the soaring disposable income of the people and the rising usage of organic care products in the region.

Hence, it can be said with full confidence that the demand for fatty acid esters would surge all over the world in the forthcoming years, primarily due to their rising usage in various residential and industrial applications and the surging consumer preference for environment-friendly products over the traditionally used petroleum-based ones.

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1,3-Butylene Glycol Market Growth, Industry Size, Share, Trends, and Forecast

The geriatric population is increasing at a rapid pace, along with which, the consciousness regarding physical appearance has been growing as well. Aged people often spend money on products that can help making their skin look younger. In addition to this, the disposable income of people is growing as well, owing to which, a larger number of people are now able to spend money on luxury items, such as cosmetics. These factors, in turn, are resulting in the growth of the cosmetic industry. A key product that is utilized in the cosmetic industry is 1,3-butylene glycol, and therefore, the expanding cosmetic industry is resulting in its increasing demand. 1,3-butylene glycol is extensively utilized as a humectant in cosmetics, since it serves as a viscosity-decreasing component. In addition to this, it stabilizes the volatility of compounds, including flavors and fragrances, and fixes them in cosmetic formulations, prevents the spoilage of cosmetics which can be caused because of microorganisms, and aids in aroma retention.   This is leading to the growth of the global 1,3-butylene glycol market. Other than the cosmetic industry, this compound is also being used widely in the pharmaceutical industry. The antibacterial properties of 1,3-butylene glycol make it an ideal pharmaceutical ingredient. The industry is expanding at a swift pace, primarily in the developing countries of Latin America and Asia, as manufacturers are leveraging the advantage of untapped areas, which is further predicted to drive the growth of the market. Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/1-3-bg-market/report-sample The 1,3-butylene glycol market is predicted to generate a revenue of $227,057.5 thousand by 2030, increasing from $139,994.9 thousand in 2019, advancing at a 5.0% CAGR during the forecast period (2020–2030). On the basis of product, the market is categorized into industrial grade and pharmaceutical grade, between which, the pharmaceutical grade is projected to advance at a faster pace during the forecast period. This products is increasingly being utilized in food, personal care, and cosmetic industries across the globe. When function is taken into consideration, the market is divided into intermediate, humectant, stabilizer, and emollient, out of which, the humectant division, held the major share of the market in 2019. The division is further predicted to contribute the largest revenue share to the market during the forecast period as well, due to the fact that 1,3-butylene glycol is extensively used as a humectant in personal care and cosmetic products, including body cleansers, facial creams, after-sun lotions, eye lotions, and frizz serums. The Asia-Pacific (APAC) region dominated the 1,3-butylene glycol market in 2019, as per a study conducted by P&S Intelligence. The consumption of this compound is growing in emerging economies in the region, including Thailand, China, India, and Indonesia due to the rising disposable income of people. People are increasingly spending money on beauty and cosmetic care products, thereby leading to the high demand for this compound. Moreover, the increasing population in the region is also expected to high demand for 1,3-butylene glycol in APAC. Hence, the market is being driven by the expansion of cosmetic and pharmaceutical industries.  

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Plastic Recycling Market Emerging Trends, Industry Size, Share, Demand, and Growth Forecast to 2024

From homes to hospitals, plastics are an integral part of human life. Plastic objects are often durable enough and a lot cost-effective than those made of metal and wood, which is why their usage for almost everything is rapidly increasing day by day. While the material is versatile and convenient, it also has a sinister side. It takes an eternity to decompose, while certain types of plastics don’t decompose at all, which is leading to mounting waste and pollution. Due to the dangers of abandoned plastic to the soil and wildlife and the emission of harmful gases from its burning, the focus on reprocessing discarded plastic objects and reusing the material thus obtained is rising. P&S Intelligence says that owing to the rising awareness about plastic pollution, the plastic recycling market will grow from $41,238.8 million in 2018 to $64,139.7 million by 2024, witnessing an 8.6% CAGR during 2019–2024. The process involves segregating the different types of plastic waste and then washing, shredding, melting, and pelletizing it. Plastic waste is sourced from wires and cables, sheets, pipes, packaging material, molded products, and other products. Presently, packaging products make up the highest volume of plastic waste being recycled, as the virgin material used for the purpose is designated for a short life. In addition, the government of several countries across the globe has implemented sustainability targets, whereby packaging firms are mandated to have a certain amount of recycled plastic material in their products. Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/plastic-recycling-market/report-sample In terms of industry, food and beverage companies have the highest amount of plastic recycled, as plastic plays a vital role in product packaging in this industry. Food and beverage companies consume huge volumes of PE, PET, PS, and PE for an array of packaging products, ranging from cartons and bottles to sachets and pouches. Apart from simply containing the products, packaging is also intended to make the products easily manageable, especially during long-distance transportation, and make the product more aesthetically appealing. Moreover, recycling packaging material is a lot cheaper (operationally) than producing and purchasing virgin material. Presently, Asia-Pacific (APAC) is the largest plastic recycling market, as it doesn’t only process its own waste, but also of the developed European and North American countries. The large population, which generates huge volumes of plastic waste, and the low labor costs are the key reasons behind the high-volume recycling here. Further, developed countries subject to stringent environment protection targets send most of their waste to the developing APAC countries.

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What are Graphene’s Applications in Medical Industry?

The medical industry is always on the lookout for advanced solutions that can enhance patient outcomes and aid in providing innovative products to people in need. Presently, the application of graphene has risen widely in the industry. Due to the enhanced strength and thinness of the material, graphene is being utilized extensively for manufacturing bioelectric sensors, which are used for tracking cholesterol, hemoglobin, and glucose. The demand for graphene is also growing for sensors that are utilized for testing DNA.

Graphene is also being used in the healthcare sector in the production of therapeutic tools, prosthesis devices, dental implants, and treatment of cancer. Further research is being carried out for combining graphene nanomaterials along with medications, vaccine carriers, and nano adjuvants, in order to make the material more compatible with immune cells of humans. This surging demand for graphene in the healthcare industry is projected to result in the growth of the domain in the years to come.

The global graphene market is predicted to generate a revenue of $646.8 million by 2030, increasing from $87.5 million in 2019, progressing at a 20.2% CAGR during the forecast period (2020–2030), according to a study by P&S Intelligence. Graphene is available in the form of dispersion and powder, between which, the demand for powder form was higher in the past. Powdered form of graphene is preferred widely for sensors, printing technologies, and batteries, owing to which, its demand is expected to be higher in the coming years as well.

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Geographically, the largest demand for graphene was created in the Asia-Pacific region during 2014–2019. Medical, energy, and electrical & electronics industries are extensively making use of graphene in the region. Other than this, graphene is also finding applications in aerospace and automotive industries of countries including China, India, and South Korea. Other than this, North America is predicted to emerge as the fastest-growing graphene market in the coming years, owing to wide adoption of graphene for production of medical devices.

In conclusion, the market is growing due to the increasing applications of graphene in the medical industry.

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Surging Population Driving Demand for Retail E-Commerce Packaging

The global population has been rising at a rapid pace. As per the United Nations Department of Economic and Social Affairs, the worldwide population is projected to reach 8.6 billion by 2030 and 11.2 billion in 2100, growing from 7.6 billion in 2019. This rising number of people is further creating high need for non-consumable and consumable products. Moreover, the consumer buying patterns are changing radically due to the emergence of various online platforms.

These factors are driving the demand for packaging solutions, especially retail e-commerce packaging. As per a research conducted by P&S Intelligence, the global retail e-commerce packaging market is projected to generate a revenue of $68,388.1 million by 2030, rising from $19,022.7 million in 2019, advancing at a 12.1% CAGR during the forecast period (2020–2030). Other than the rising population, the growing demand for smartphones and growing internet penetration are also resulting in the high demand for retail e-commerce packaging solutions.

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A larger number of people are now able to afford smartphones and an internet connection, which can be ascribed to the increasing disposable income. Furthermore, the rising competition among companies in the telecommunication industry has led to the emergence of cheaper smartphones. These days, an internet connection has also become highly affordable, which is why, the popularity of online shopping has been rising. This expansion of the e-commerce industry is further resulting in the increasing demand for efficient packaging solutions across the globe.

Geographically, the Asia-Pacific region is created the largest demand for retail e-commerce packaging during 2014–2019, owing to the expanding e-commerce industry in China. Other than this, the demand for packaging solutions is also projected to rise in Middle East and Africa, making the region the fastest growing retail e-commerce packaging market in the coming years. The changing government policies that focus on decreasing dependence on the oil & gas industry is the major reason for this.  

Hence, the market is growing due to the rising population, increasing demand for smartphones, surging internet penetration.

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Why is Increasing Adoption of Lightweight Vehicles Driving Titanium Dioxide Market?

The global titanium dioxide market is predicted to reach a value of $24,026.1 million by 2030, increasing from $15,020.1 million in 2019, demonstrating a CAGR of 4.5% during the forecast period (2020–2030), according to a report by P&S Intelligence. The increasing utilization of pigments in the coatings sectors, due to their ability to impart opacity, brightness, and whiteness and to scatter visible light, is resulting in the growth of the market. The rising consumption of paints and coating is also driving the market.

When process is taken into consideration, the market is categorized into chloride and sulphate, between which, the sulphate category dominated the market in 2019. By utilizing this process, the compound can be extracted from all ores, including titania slag, rutile, and ilmenite. In addition to this, the sulphate process make use of advanced and simpler technology. The equipment that is utilized during the extraction process is resistant to corrosion and easy to use.

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The titanium dioxide market is divided into inks, paper, plastics, and paints & coatings, in terms of application. The pants & coatings division held the major share of the market in the past, and the division is further projected to exhibit the highest CAGR during the forecast period. This is because of the surging demand for paints & coatings for architectural applications. Titanium dioxide is utilized in these products because of its UV ray absorbing capability, high refractive index, and non-toxic nature.

The Asia-Pacific region has been dominating the titanium dioxide market in the past, owing to the expanding construction industry and rising establishment of various production facilities. As the migration rate from rural to urban areas is growing, along with the rising population, the need for commercial and residential facilities is increasing as well. This is creating high demand for paints & coatings, which, in turn, is resulting in the growing demand for titanium dioxide in the region.

The rapid expansion of the paints & coatings industry is a key driving factor of the titanium dioxide market. According to the data by the World Paint & Coatings Industry Association, the worldwide sales of paints and coatings reached $172.8 billion in 2019, which can be ascribed to the rising urban population, expanding automotive industry, and increasing expenditure in the construction industry. Since titanium dioxide is an essential ingredient that is used in paints and coatings, its demand is increasing as well.

In addition to this, the increasing adoption of lightweight vehicles is also projected to drive the titanium dioxide market. Attributed to surging concerns regarding carbon footprints, automotive emissions, and fuel efficiency, the automotive industry is widely focusing on creating lightweight vehicles. Titanium dioxide is used in coatings that are applied on polycarbonate structures, which are then used for the production of lightweight vehicles. The growing demand for these vehicles, thus, is projected to drive the demand for titanium dioxide during the forecast period.

In conclusion, the market is being driven by the growing paints & coatings industry and increasing demand for lightweight vehicles. 

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Global Antimicrobial Additives Market Set to Reach Over $3,000.0 Million Valuation by 2030

In 2019, the global antimicrobial additives market attained a valuation of $2,010.2 million. According to the forecast of the market research company, P&S Intelligence, the market would exhibit a CAGR of 7.5% between 2020 and 2030 and reach a value of $3,786.8 million by 2030. Several technological and economic factors such as the boom of the healthcare industry and the incorporation of advanced technologies in healthcare product manufacturing are fueling the growth of the market. Besides the aforementioned factors, the rising bio-resistance in patients, because of the excessive usage of antibiotic medicines, is also propelling the expansion of the antimicrobial additives market. The extensive administration of antibiotics in people for treating and reducing the risk of bacterial and fungal infections has massively contributed to the emergence of highly-resistant and stronger pathogens. Furthermore, the usage of disinfection chemicals augments the problem as these chemicals do not provide long-lasting protection and cause irregular activity. Get the sample pages of the report at: https://www.psmarketresearch.com/market-analysis/antimicrobial-additives-market/report-sample Because of the above-mentioned reasons, antimicrobial drugs are increasingly being integrated during the production of products that can overcome the high-resistance of pathogens. In addition to this, the rapid growth of the healthcare industry over the last few years, especially in the developing nations because of the high incidence of chronic diseases and the surge in the geriatric population, is also boosting the demand for antimicrobial additives across the world. Furthermore, the growing popularity of novel drugs in various medical treatment procedures is driving the global sales of antimicrobial additives. Depending on type, the antimicrobial additives market is bifurcated into organic and inorganic. Between the two, the inorganic bifurcation registered higher growth in the market in the years gone by. This was because of the greater non-toxic and other favorable chemical characteristics of copper-, silver-, and zinc-based antimicrobial formulations in comparison to their organic counterparts. The category is also predicted to register a considerably high growth in the market in the upcoming years, primarily because of the rising incidence of hospital-associated infections (HAIs) and nosocomial infections across the world. Globally, the antimicrobial additives market is predicted to demonstrate lucrative growth in Asia-Pacific (APAC) in the forthcoming years, on account of the rapid economic growth of the regional countries and the increasing spending power of the people in these countries. Thus, it is clear that due to the rising incidence of chronic diseases, the increasing resistance of pathogens to conventionally used drugs, and the rapid technological advancements in the pharmaceuticals industry, the market would grow explosively all over the world in the coming years