Promising Future of Solar Power

The Global Concentrated Solar Power (CSP) market is expected to grow at a compound annual growth rate of 10.67% over the analysed period to reach a market size of US$2.602 billion in 2027 from the US$1.280 billion in 2020. 

The prime reason driving the growth of the market is due to deployment support, policy framework conditions, and proven technology. Countries are racing to meet their zero-GHG-emissions targets while increasing the share of renewable energy sources in total electricity generation. For example, Spain’s national integrated energy and climate plan sets a target of 120 GW of installed renewable energy capacity, primarily solar and wind, by 2030. (NECP 2021-30). Furthermore, another major factor driving the demand for concentrated solar power is the world’s rapidly increasing electricity consumption. According to the US Energy Information Administration (EIA), global electricity consumption continues to rise faster than global population, resulting in an increase in the average amount of electricity consumed per person, or per capita electricity consumption. However, the role of political, regulatory, financial, and administrative barriers, as well as lengthy and uncertain approval processes and other general investment risks, can stymie market growth.

Government Assistance to Enable the Adoption of Renewable Technologies

Solar, wind, hydroelectric, tidal, and wave energy are all examples of renewable energy sources. Multiple governments are incentivizing renewable energy generation through tax credits, grants, and loan programmes, encouraging investors and project developers to shift toward renewable power generation. Such beneficial initiatives have also aided the commercialization of these technologies.

Government policies and programmes to increase the installation of concentrated solar power will continue to support the growth of this market over the next five years. The United States Department of Energy (DOE) provides funding to industry, universities, and national laboratories through competitive awards with the common goal of making large-scale dispatchable solar energy systems cost-competitive without any subsidies by 2020. Furthermore, governments are researching technological advancements for a brighter future. For example, the US Department of Energy’s National Renewable Energy Laboratory started developing Next-gen concentrated solar power in February 2022. The next-generation CSP programme aims for an energy cost of $0.05/kWh. The Department of Energy has identified opportunities in three material pathways: storing heat in sand-like particles, liquids like molten salt, and gases, such as Brayton Energy’s technology.

The Power Tower Market Will Have a Significant Share

The global concentrated solar power (CSP) market is divided into four categories: parabolic trough (PT), solar tower (ST), solar dish (SD), and fresnel reflector (FR). The solar power towers segment accounts for a sizable portion of the global concentrated solar power (CSP) market. A large field of flat sun-tracking mirrors is used in solar power towers. Heliostats are mirrors that reflect and concentrate sunlight onto a receiver at the top of a tower. Solar power tower market growth in Asia Pacific, the Middle East, and Africa will be supported by rising demand for continuous electricity generation and increased government support for renewable technologies in key countries such as China, India, Morocco, Saudi Arabia and the UAE. During the forecast period, the segment of parabolic troughs is expected to grow at a reasonable rate.

The Ivanpah Solar Electric Generating System is the United States’ largest concentrated solar thermal plant. The plant, located in California’s Mojave Desert, can generate 392 megawatts of electricity by using 173,500 heliostats, each with two mirrors that focus sunlight onto three solar power towers.

Political Barriers in Underdeveloped Countries May Constrain the Market Growth

Politicians and governments are considering the growing economic benefits of the renewable energy industry. Some countries lack the political will or financial resources to invest in such technology. For example, there are significant political and economic barriers to CSP deployment in Sub-Saharan Africa, such as a lack of strong political will, technology costs, fossil fuel contribution, a lack of private investors, vandalism and insecurity, and land requirements. Nigeria is suffering the most due to such factors.

Although recent developments can alter the current situation as the Redstone Concentrated Solar Power project will generate 480,000MW of clean energy per year. The contract was signed in 2018 and construction will begin in May 2021. The R11.6 billion ($162.457 million) Redstone project near Postmasburg in the Northern Cape is South Africa’s largest renewable energy investment to date.

The North American Market Will Grow Significantly During the Forecasted Period

The global concentrated solar power (CSP) market has been divided into five major regional markets based on geography: North America, South America, Europe, the Middle East and Africa (MEA), and Asia Pacific (APAC).

In 2019, North America accounted for a sizable portion of the global concentrated solar power market. In the United States, approximately 1,815 MW of CSP plants are currently operational. Europe also has a significant presence in the global concentrated solar power (CSP) market, with Spain leading the way. Furthermore, new tariff legislation, increasing demand for storage, and proven plant performance have increased investor confidence in Spanish Concentrated Solar Power ownership. Mitsubishi Corporation entered the concentrated solar power (CSP) market in February 2020 with investments in four CSP power plants in Spain held by Acciona, a Spanish solar power giant, with Mitsubishi Corporation owning 15% of its shares. Because of rising investments in renewable energy sources, the Asia-Pacific (APAC) regional concentrated solar power market is expected to grow at a significant compound annual growth rate between 2020 and 2025. Rapid solar energy installation to increase the share of renewable energy generation in countries such as India and China provide lucrative opportunities for CSP market players. Concentrated solar power (CSP) is of particular interest in the Middle East and North America (MENA) region because, unlike solar photovoltaic (PV), it can easily store thermal energy in massive tanks of molten salt for use at any time of day or night.

Covid Insights

The coronavirus pandemic had a negative impact on the CSP market National lockdowns have had a negative impact on demand, causing turbulence in global economic growth and resulting in lower business spending and investments in new projects. This pandemic had a significant impact on solar installation, with subsequent lockdown and declining business spending leading to the postponement of several solar projects. On the supply side, global supply chain disruption, as well as lower productivity across manufacturing facilities as a result of mandatory social distancing measures, have reduced the production of concentrated solar power systems.

Global Concentrated Solar Power (CSP) Market Scope:

Report Metric Details
 Market Size Value in 2020 US$1.280 billion
 Market Size Value in 2027 US$2.602 billion
 Growth Rate CAGR of 10.67% from 2020 to 2027
 Base Year 2020
 Forecast Period 2022–2027
 Forecast Unit (Value) USD Billion
 Segments Covered Type, End-User, And Geography
 Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Abengoa S.A., AccionaEnergía, BrightSource Energy, Inc., Q-Energy, FRENELL GmbH, Siemens Energy, Intecsa Industrial S.A, Eni S.p.A., Pacific Green Technologies Inc., Aalborg CSP A/S
 Customization Scope Free report customization with purchase

Durable, and More Resistance Anti-allergy Alternative: The Nitrile Surgical Gloves

The nitrile surgical glove market is projected to grow at a CAGR of 9.19% during the forecast period to reach US$734.459 million by 2027, from US$396.944 million in 2020.

Nitrile surgical gloves are made of nitrile rubber which is a compound that combines butadiene and acrylonitrile. During surgery, the end user handles different types of sharp tools to perform surgery, hence the user is more prone to cuts, slits, and punctures. These nitrile surgical gloves can offer puncture resistance and durability while providing comfort and flexibility to the surgeon. Additionally, these nitrile surgical gloves have properties such as high chemical resistance, pathogen protection, flexibility, and many more. 

Its unique qualities such as wearability and allergy comfort are increasing the market demand

The growing demand for comfort in wearables such as gloves among the end-users of nitrile surgical gloves is the prime driver in the growth of the nitrile surgical glove market. Nitrile is a more comfortable fit with 100% latex-free construction. Also, nitrile gloves are marketed for allergy prevention as they are mostly powder-free, which ultimately reduces the risk of allergens.  Gloves made from natural rubber could give rashes and allergies. Hence, to ensure skin safety and sensitivity, nitrile surgical gloves are being used during surgery.

The nitrile surgical gloves can offer the next level of comfort to their users as these gloves have a chlorinated finish which makes donning and doffing (a method of putting on “donning” and taking off “doffing” protective wearables) easier. Surgeons and hospital staff are more often faced with such situations where they are required to wear surgical gloves for a longer period, which results in wet hands. But even under such circumstances nitrile surgical gloves enable the end users to easily remove or put on these nitrile surgical gloves. Furthermore, these gloves are available in micro-textured finishes which allows a non-slip finish for both dry and wet use. These unique features of nitrile surgical gloves which are best suited for surgical environments are boosting the demand nitrile surgical market.

Price stability, diversified distribution network, and rising need for healthcare and medical professionals are further boosting the growth of the nitrile surgical glove market

A rising need for healthcare and medical professionals which attribute to the higher demand for surgical nitrile gloves is boosting the market’s growth. The usage of nitrile surgical gloves is expected to rise significantly along with the rising need for medical staff as the world is more exposed to infectious, communicable as well as non-communicable diseases. As per the World Bank’s Global Health Estimates 2020, out of total deaths in 2019, 74% of deaths were caused by non-communicable diseases. Additionally, nitrile gloves are made from man-made substances hence they have a relatively stable price than latex, this makes nitrile more stable and not subject to climate change, weather, and more such factors. Also, nitrile gloves have a longer shelf-life which makes their distribution network diverse and more scalable as the availability of this product has increased in the past few years.

The rising favoritism toward environment-friendly alternatives may pose a challenge for the regular nitrile surgical gloves manufacturers

The rising awareness about climate change and the importance of biodegradable and recyclable products is limiting the demand for nitrile surgical gloves. The materials used in making the nitrile gloves such as acrylonitrile and butadiene hurt the environment. While making nitrile gloves acrylonitrile and butadiene both substances are released into the air, and these substances can turn toxic if they are released at higher levels. Also, in the manufacturing process of nitrile gloves, CO2 is released as fossil fuels are used for healing and production. Additionally, the disposal of these nitrile gloves takes longer to decompose, and they end up in landfill which further impacts biodiversity. Hence, to prevent such environmental harm through nitrile surgical gloves, different companies are coming up with biodegradable alternatives which is expected to boost the market in the long run. For example, in April 2022 SHOWA group received FDA’s 510(k) approval for their single-use nitrile glove. SHOWA offers an M7005PF single-use line of nitrile gloves under this FDA clearance. The company claims that these nitrile gloves are low-risk class I devices that are fully biodegradable.

According to the material used, the powdered nitrile surgical glove market is expected to grow expeditiously

The nitrile surgical glove market is majorly divided into two segments namely powdered and non-powdered surgical gloves. The powdered surgical gloves are best suitable in busy conditions as they can be put on easily and the powder prevents the gloves from sticking together. The corn starch powder which is used in the powdered gloves helps to absorb more moisture and volume of fluids or chemicals. But the powder can cause sensitivities or allergies to the user’s skin which further contributes to latex allergies or sensitivity. On the other hand, powder-free nitrile surgical gloves are more skin-friendly and reduce the risk of allergies. These gloves undergo a chlorination process which makes them latex free. These gloves are more expensive as compared to the powdered gloves due to the extra processing involved in making these nitrile surgical gloves powder free.

COVID-19 Insights

The coronavirus epidemic had a positive impact on the growth of the nitrile surgical glove market globally due to higher demand from the healthcare and medical sectors due to the rising number of surgeries. The rising need for a surgical glove that has a higher resistance to chemicals, flexibility, and more puncture resistance for longer use in the medical sector resulted in the growing demand for nitrile surgical gloves in the market. The necessity to keep medical professionals safe from hazardous and contagious viruses like COVID-19 further boosted the demand for nitrile surgical gloves during the pandemic. As a result, many countries directed their efforts to strengthen their medical infrastructure and facilities which ultimately boosted the growth of global nitrile surgical gloves in the market.

Nitrile Surgical Glove Market Scope:

Report Metric Details
 Market size value in 2020 US$396.944 million
 Market size value in 2027 US$734.459 million
 Growth Rate CAGR of 9.19% from 2020 to 2027
 Base year 2020
 Forecast period 2022–2027
 Forecast Unit (Value) USD Million
 Segments covered Type, Chemical Accelerators, End-User, And Geography
 Regions covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Top Glove Corporation Bhd, Hartalega Holdings BerhadAmkay Products Pvt. Ltd., Comfort Rubber Gloves Industries Sdn, Unigloves (UK) Limited, Riverstone Holdings Limited, RFB Latex Limited
 Customization scope Free report customization with purchase

Digging Deep Into TIC Industry

The automotive testing inspection and certification market was valued at US$25.582 billion in 2022 and is anticipated to grow at a Compound Annual Growth Rate of 4.92% over the forecast period to reach US$34.317 billion by 2029.

The growing environmental pollution levels associated with an increasing range of accidents square measure a variety of the key reasons of making promotion of the automotive testing inspection and certification market necessary.

The automotive testing inspection and certification (TIC) services square measure accustomed to give services to automotive twitching producers thus enhancing potency, productivity, the assembly method and so on to notice the specified needs. What is more, the employment of sensible sensors in vehicles, like radar, light-weight detection and travel, et al., has enabled remote observation and prediction of maintenance capabilities, reducing the requirement for on-the-scene examination. As a result, technological developments in twitching like video games (VR) and augmented reality (AR) can aid in the replacement of physical vehicle examination with digital examination. Hence, among the close to future, the replacement of physical examination with digital examination and prognostic maintenance is projected to fuel the enlargement of the worldwide automotive testing inspection and certification market.

According to OICA data in 2019 there was total production of 92183011 units of automotive in 2020 the industry saw slight variation due the pandemic  the production was lowered to 777117225 in 2020 but the scenario now improving by  2021 see increase in production by 3% leading to 80145988 units in 2021.  The rise in automobile production in developed and developing nations, additionally as a result of the fast shift in angle toward outsourcing twitching services, square measure considerably touching the enlargement of the automotive testing inspection and certification market. The increasing disposable incomes in rising nations, additionally as a result of the raised focus of governments on imposing rigorous restrictive needs on the automotive sector, square measure expected to fuel the enlargement of the automotive testing inspection and certification market. Moreover, the increased adoption of electrical vehicles and hybrid electric vehicles and authorization of periodic technical examination of vehicles by governments can boost growth in future.

The global business is supervised by a ramification of state rules regulating traveler safety additionally as environmental problems (emission levels, fuel economy, noise, and pollution). These regulations/standards have a right away impact on and have an effect on the design of automotive components. Strict government rules need automakers to include safety instrumentality like seatbelts, airbags, and crumple zones in their vehicles. Major restrictive organizations impose tariffs and alternative trade obstacles to punish and deter producers from violating pollution and safety standards, just like the continual use of faulty instrumentality Tariffs and alternative trade obstacles square measure obligatory by major restrictive organizations to punish and deter producers from violating pollution and safety standards, just like the continual use of faulty instrumentality. This compels automakers to form fuel-efficient vehicles with considerably lower emissions, additionally as add safety options like anti-skid braking systems (ABS), electronic brake-force distribution (EBD), airbags, and emission management systems like chemical process converters with turbochargers and exhaust gas recirculation (EGR) systems.

Increased growth of the Internet of Things (IoT)-based Technology to boost the Market Growth- the Internet of Things (IoT) is also a network of interconnected computing devices that exchange knowledge for the death penalty a task while not human interaction. With the increase in adoption of sensible digital systems, the testing of software packages can become equally necessary as testing of hardware and thus the examination and testing of the software package relation to remote gadgets. With, such advancement of technology and easy testing can contribute among the expansion of the Automotive twitching Market

However, with the economic process of trades and companies, specific regional rules and standards square measure possible to form hurdles to product adoption on a worldwide scale. This leads to disputes between native and international standards, hindering market enlargement. Variations in restrictive needs across totally different regions result in disparities in tax rates, acquisition of extra expenditures for businesses (hiring native employees to handle tax-related problems, etc.). native rules apply to twitching businesses, which they’re needed to conform the laws and norms of the countries throughout that they operate, that might limit their potency.

Mandate of periodic technical examination (PTI) of vehicles by governments in countries just like the North American country and European nation to form certain vehicles on the road square measure in smart technical condition and adjust to safety- and emission-related regulation, for aiding increase road safety, the transportation department of any country inspects traveler and industrial vehicles and ensures all components and elements square measure in smart operating condition.

The Asia Pacific holds the majority of the worldwide market and is expected to require care of its dominance in future additionally . The developing economies throughout this region, rising per capita financial gain, rising demand, and additional investment potentialities because of favorable government policies attracting the attention of automobile makers, WHO square measure wanting to expand their production capability throughout this region. This, in turn, leverages the commercial revolution of the automotive production and repair industries, resulting in the region’s sturdy market growth. Rising motor vehicle sales and production, rising demand for premium and electrical cars, and technological advancement among the automotive business square measure boosting car maker growth.

Covid-19 Insight

The COVID-19 pandemic had an enormous impact on the automotive business as a whole . The COVID-19 had a severe impact on the worldwide automotive sector. With production stoppages and lockdowns, each offer and demand for OEMs and auto part suppliers square measure heavily discontinuous . makers of automotive testing inspection and certification systems have experienced man shortages and plant shutdowns, resulting in an enormous visitor demand for automobile testing, inspection, and certification. The automotive testing inspection and certification sectors have seen a massive reduction in capitalization because of the pandemic that has caused a pause among the demand and supply networks of the testing, inspection, and certification system makers. The internment in many countries has restricted and wedged the assembly and sales of vehicles. The operations of some crucial corporations have additionally been laid low with COVID-19 epidemics. Most of the companies have stop working their vehicle production facilities and shifted their focus towards the production of personal protection instrumentality. However, COVID-19 is fast becoming the trend of digitalisation among the automotive twitching market. Automotive twitching corporations square measure currently wishing on software package solutions to conduct audits, injury assessments, and certifications.

Automotive Testing Inspection And Certification Market Scope:

Report Metric Details
Market Size Value in 2022 US$25.582 billion
Market Size Value in 2029 US$34.317 billion
Growth Rate CAGR of 4.92% from 2022 to 2029
Base Year 2022
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Service
  • Sourcing
  • Application
  • Geography
Companies Covered
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

High-Density Polyethylene And It’s Characteristics

The high-density polyethylene extrusion market was valued at US$33.145 billion in 2020, with a CAGR of 4.28% projected to reach US$44.445 billion by 2027.

HDPE, or High-Density Polyethylene, is a polymer whose monomer is ethylene. It’s a plastic material with an extremely high resilience ratio. HDPE is an extremely versatile plastic with numerous application areas, from pipes to storage bottles. Compared to other plastics, high-density polyethylene has a sharp melting point. Food-quality High-Density Polyethylene (HDPE) sheets that are industrial-grade, FDA, NSF, and USDA-approved are designed to be safe, low-maintenance, and long-lasting. Their textured surface offers a stable grip for holding food. Plastic extrusion is an ongoing high production process that involves melting raw plastic and forming it into a continuous profile. This phase started with plastic material being fed into the barrel of the extruder from a hopper. The material melts gradually. Rotating screws and heating systems arranged along the barrel produce mechanical energy. The molten polymer is then pushed into a die, forming it into a hardening shape during cooling.

Recycling of Waste Create Immense Opportunity for Driving the Market

The average waste generated per person per year in U.S. is 14.78 Pounds which averages around 2.23 million tons or 0.9 % by weight. Among which recycled waste account for 470,000 tons or 21% of the recycling rate. The landfill accounts for 1.76 million tons as per the data of the EPA.

Waste Type

Amount

Milk and Water Bottles

0.82 Million Tons

Containers For Other Products

1.41 Million Tons

The growing plastic usage in almost each and every aspect of different industry sector weather for packaging or for construction is expected to somehow generate the amount of plastic waste. The growing trend of recycling the plastic is enabling and boosting the High-Density Polyethylene (HDPE) Extrusion Market over the coming years.

Plastic Waste Generated

2005

2010

2018

Generation

29,380

31,400

35,680

Recycled

1,780

2,500

3,090

Composted

–

–

–

Combustion With Energy Recovery

4,330

4,530

5,620

Landfills

23,270

24,370

26,970

Source: EPA

Benefits OF High-Density Polyethylene Extrusion 

The intrinsic malleability of HDPE is one of its main advantages. HDPE, in particular, outperforms; b Because of its high melting point, HDPE remains rigid even at extreme temperatures. However, once the material has attained its melting point, it can be efficiently and quickly moulded in a wide range of unique implementations such as corrosion-resistant piping, geomembranes, cutting boards, detergent bottles, and milk jugs, food storage containers, plastic lumber, and much more. HDPE is resistant to mould, rotting, and mildew, making it an ideal content for underground water tubing. HDPE is a weather-resistant and long-lasting material that can be sterilized by boiling, making it an excellent choice for food and beverage canisters.

Furthermore, HDPE is resistant to most strong mineral acids and bases and has high durability to organic chemicals in soil. Furthermore, the material is resistant to most common chemicals, including solvents, acids, detergents, water, and cleaning fluids. HDPE plastic is easy to recycle, which helps keep non-biodegradable wastages out of landfills while reducing plastic usage by up to 50%.

High-Density Polyethylene Extrusion Market and ITs Products

Formolene HB6007 is a high-density polyethylene homopolymer resin crafted for liquid food blow moulding applications. For critical food packaging requirements, Formolene HB6007 is a high-quality product. It also has good rigidity characteristics.

Formolene HB5502S1-This High-Density Polyethylene Resin Intended for Sheet Extrusion. Formolene HB5502S1 HDPE resin is intended for demanding high stiffness and stress resistance to cracking. It can be used as a blow moulding resin or a thermoforming resin for sheet extrusion. Formolene HB5502S1 complies with all US Food and Drug Administration guidelines, which govern the safe use of polyolefin marketed for direct food contact.

HI-ZEX- Prime Polymer is Japan’s first high-density polyethylene (1958). It has high rigidity, superb elastic modulus, and good shock resistance. It also has high stability during moulding, tremendous stress wears resistance, and long-term corrosion-resistant and creep resistance.

SABIC B1054-B1054 is a High-Density Polyethylene created especially for blow moulding and jerry cans. It exhibits high stiffness, good ease of processing, and an excellent stiffness/ESCR ratio.

SABIC B4660-B4660 is a moderate molecular weight, High-Density Polyethylene homopolymer used for blow moulding. They are expressly designed to provide high rigidity, strength, and ease of fabrication. These distinct properties enable weight reduction while maintaining high top-load strength. B4660 is Suitable for the packaging of dairy products and juice.

Development

January 2022, WL Plastics Corporate entity has announced the completion of its acquisition of Charter Plastics, Inc.’s polyethylene pipe extrusion assets in Pennsylvania. This buyout allows WL Plastics to broaden its product portfolio, gain new customers, and enter new emerging economies. The Titusville site and associated assets can produce a wide range of polyethylene pipes for various applications, including reclaimed water, sewer, geothermal, gas, irrigation, potable water, and industrial applications.

Conclusion

HDPE frequently substitutes heavier materials, allowing individuals and businesses to undertake self-sustaining and cost-effective production and key deliverables. Because of its high fluidity, rigidity, and corrosion resistance. HDPE is the ideal blend of strength, cost-effectiveness, and nontoxicity.

High-Density Polyethylene (HDPE) Extrusion Market Scope:

Report Metric Details
 Market size value in 2020 US$33.145 billion
 Market size value in 2027 US$44.445 billion
 Growth Rate CAGR of 4.28% from 2020 to 2027
 Base year 2020
 Forecast period 2022–2027
 Forecast Unit (Value) USD Billion
 Segments covered Form, End-User, And Geography
 Regions covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Chevron Phillips Chemical Company, Dynalab Corp, The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., INEOS AG, Saudi Basic Industries Corporation (SABIC), SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Reliance Industries Ltd., Formosa Plastics Corporation, Daelim Industrial Co. Ltd, Prime Polymer Co. Ltd, Mitsui Chemicals Inc.
 Customization scope Free report customization with purchase

Booming Medical Sector Propelling the Demand for the Non Woven Adhesive Tape

The non-woven adhesive tape market was valued at US$975.388 million in 2020, with a CAGR of 7.52% expected to reach US$1,620.67 million by 2027.

Non-woven adhesive tape is a type of adhesive tape that is used for a variety of clinical applications. This tape has a non-woven paper substance and is absorbent, allowing moisture and sweat to drain conveniently. These tapes are used in various medical implementations, including wound treatment, eye pads, sterile gauze, and others.

The market is driven by variables such as an increase in wound instances, a rising birth rate, and a greater emphasis on feminine hygiene. Furthermore, the non-woven adhesive tape’s low cost is expected to contribute to market expansion. Non-Woven Adhesive Tape is also known as Air Vent Tape in many industries.

The tape’s secure and comfortable properties make it perfect for harsh, wonky, or rounded surface and edge bonding. The increasing usage of different end industries such as medical, automotive, transportation, and electrical are expected to spur the global non-woven tape market. Furthermore, the rising geriatric population motivates the healthcare industry, which is believed to enhance the non-woven tape market. 

It can be used by the automobile seat manufacturer for name-plate mounting, small frames, bezels, plastics, metal, foam bonding, and general bonding.

According to the NCBI, in The United States, Chronic wounds account for 6.5 million people, which costs the total burden of disease US$39 billion annually. The rising wound burden incidences are expected to drive the market for the non-woven adhesive tape over the forecasted period. Diabetes was the ninth leading cause of death in 2019, accounting for an estimated 1.5 million deaths. Furthermore, the cesarean deliveries hold the 31.8 % of all deliveries that is 1,148,692 deliveries by cesarean as per CDC; these deliveries require the intensive and advance care of the wound which is expected to burgeon the non-woven adhesive tape market globally.

However, the inadequate properties of non-woven tape compared to specialized tapes and the poor performance and durability of paper tapes are impeding the global non-woven tape market. 

Trends Leading the Growth of the Non-woven Adhesive Tape Market

Non-woven Adhesive tapes are progressively used for medical purposes, and physicians and healthcare professionals recommend them outstanding properties. Non-woven tapes are used in various products, including surgical gowns, masks, dressings, hygienic products, s wound closure strips, and bandages. Non-woven Adhesive tapes are gentle, sanitized, and flexible, with excellent antibacterial and water-repellent properties. The growing realization of the importance of safety and sanitary hygiene products for women and babies in emerging regions is driving up demand for non-woven adhesive tapes. Furthermore, as a result of the 

COVID-19 outbreak, world demand for hygiene products has grown. Non-woven adhesive tapes have also grown in popularity, owing to their primary use in hygiene.

The growing number of surgical implementations, rising hygienic consciousness, and advancements in technology such as anti-bacterial tapes are anticipated to push the non-woven adhesive tapes market in the coming years.

Adhesive And Types & Non-Woven Adhesive Tape Market

Adhesive, also identified as cement, glue, mucilage, or paste, is any non-metallic material that binds two different items together and prevents them from being separated. Adhesives benefit from other binding methods such as mechanical fastenings, sewing, and welding. These advantages include connecting different materials, more efficacious load distribution across a joint, the cost-effectiveness of a conveniently mechanized process, and higher versatility. Adhesives are usually categorized according to their adhesion method, followed by whether they are reactive or non-reactive.

Acrylic Adhesive Tape-Acrylic adhesives are resin-based adhesives that contain acrylic or methyl acrylic polymers. They are remarkably strong and efficient at linking various items together, and they are highly resistant to environmental factors. Acrylic adhesives are frequently used in the construction industry due to environmental resistance.

Rubber Adhesive Tape-Adhesives Made of Rubber is said to be Rubberised tape is a synthetic polymer commonly used in hook and loop fasteners. The rubber adhesive is considerably less expensive and has a higher tack performance. Still, it is more vulnerable to moisture and high temperatures, which may induce it to tear down over the years.

Silicone Adhesive Tape-Silicone adhesive is a flexible, water-resistant polymer based on silica, a popular form of sand found in quartz. Silicones are a class of polymers that have a silicon oxide bond with organic compounds. The detachment of silicon from silica is the first step in producing silicone adhesives.

Woven And Non-Woven Adhesive Tapes

Woven

Non-Woven
  • It Includes fabric  crafted by kitting yarn or by weaving.
  • They are formed from  organic or synthetic fibers  that are interlocked chemically, thermally and mechanically.
  • Woven tape provide high strength ,long lifespan and tear & wear resistance.
  • Non-Woven tapes can be recycled,washable, flame retardant, flexible, absorbent and can repel liquid.
  • They are flexible and durable and properties depend on the material used to preapre it.
  • They are flexible and durable and properties depend on the material used to preapre it.

The Asia-Pacific is the Emerging Region in The Non-Woven Adhesive Tape Market

Because of the developing healthcare sectors in China, India, and South Korea and the region’s ongoing investment opportunities to promote the medical science and automobile industries over the generations, Asia-Pacific is predicted to win the overall market.

The transportation and automotive industries have steadily increased their demand for non-woven tapes. These tapes are automotive for headliners, roof linings, and leather and textile backers. Non-woven tapes are primarily used in medical and good hygiene applications. Non-woven tapes are also used in the electronics and building sectors.

Performing surgeries necessitates sophisticated health components and devices, such as non-woven tapes. Furthermore, continued growth in the electronics and transport industries is supposed to propel the Asia-Pacific non-woven tapes market in the coming years.

Development is Key to the Innovation 

  •  On April 2022,3M launched medical adhesive, 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576, was created for extended wear devices that require skin bond for up to 21 days, propelling in the next generation of the design process. Longer wear times, such as 21 days, may aid user adherence and provide health and economic advantages.
  • On January 2022, Rogers Corporation shareholders approved the acquisition of the company by Dupont. The merger of Rogers and DuPont’s Industrial & Electronics businesses provides compelling benefits to customers and employees because of the combined strengths in technology and innovation materials to introduce new solutions to rapidly growing end markets.

 In May 2019, 3M acquired Acelity Inc. And its KCI subsidiaries globally. Under the KCI brand, Acelity is a global healthcare technology organization specializing in advanced wound care and specialty surgical implementations. It will grow 3M’s business into wound care applications.

Non-Woven Adhesive Tape Market Scope:

Report Metric Details
 Market Size Value in 2020  US$975.388 million
 Market Size Value in 2027  US$1,620.67 million
 Growth Rate  CAGR of 7.52% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Adhesive Type, Material, End-User And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered 3M, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, Intertape Polymer Group, LINTEC Corporation, Berry Global Inc, Scapa, Lohmann GmbH & Co.KG, Rogers Corporation
 Customization Scope  Free report customization with purchase

Optical Transport Network – A Digital Wrapper

The Global Optical Transport Network Market is expected to grow at a compound annual growth rate of 18.14% to reach a market size worth US$90.538 billion by 2028. This market was valued at US$28.193 billion in 2021.

The advancing multimedia services, social networking, mobile applications, VoIP, and cloud computing are bound to increase digital traffic exponentially. To keep up with the demand, there is a strong necessity for the telecommunications sector, and network service providers must adapt swiftly. Besides, the number of bandwidth-hungry applications is continuing to expand. Earlier, voice calls used to be the only type of network traffic conveyed across circuit-based networks in a predictable network connection between two destinations. But the majority of network traffic today is packet-based, generated by a variety of services and applications in bursty, unpredictable traffic, with widely changing and more rigorous bandwidth and data transmission performance demands. The optical transport network is a digital wrapper that offers a network-wide framework and can encapsulate data frames, enabling various sources of data to be delivered on the same channel, thereby establishing a virtual optical private network for every client signal.

Analysts anticipate that the rapid internet penetration and technological advancements are expected to drive the Optical Transport Network Market onward.  

The rapid penetration of smartphones, computers, and tablets has exponentially propelled the consumption of the internet. Other factors such as the current trend of digitalization, emergence of 5G, increasing adoption of industry 4.0, IoT and IIoTs are visibly bringing positive growth in the telecom industry and optical transport network industry. According to the Cisco Annual Internet Report, by 2023, about 5.3 about 66% of the global population, i.e., 5.3 billion people with be using the internet, and about 70% of people will have mobile connectivity. At the same time, the fixed broadband speed with reach 110.4 Mbps by 2023, from 45.9 Mbps in 2018. Furthermore, about 300 mobile apps would be installed.

Furthermore, the emergence of 5G is expected to change the information and communications technologies ecosystem for the better. Unlike previous networks, 5G possesses the ability to take mobile communications technology to the next level and offer a completely connected digital world while providing an adequate network for IoT. Thus, 5G services offer low latency, high bandwidth, and a large number of connections, which creates demand for bandwidth with high requirements, latency, capacity, and flexibility in networks. To carry 5G networks efficiently and maintain sustainable competitiveness, there is a strong necessity and demand for a well-developed and optimized OTN. Thus, the ONT’s component, the optical switch, is expected to be in high demand in the market. The optical switch licks the various optic fibers to each other and controls the data packet routing among inputs and outputs. These optical modules are capable of generating high bandwidths and extended reach. The Wavelength Division Multiplexer (WDM) based OTN can offer innumerable connections over fiber, creating a high demand for it. 

The aforementioned attributes are adding impetus to the growth of the optical network market. Exploiting this, several major key players like CISCO, Huawei, Fujitsu, and Adva are investing in the developments of the OTN and actively launching new products in the market to enhance their brand presence and footprint. For instance, in March 2022, Nokia launched a wide range of upgrades for its P-OTN (packet OTN) solutions. The new upgraded solutions can now offer a doubling of switching capacity up to 48 terabytes per second, new WDM (Wavelength-division multiplexing) uplinks, and an extensive range of soft and hard isolation features for network slicing, among many others. Nevertheless, the high initial costs associated with the deployment of an optical transport network are expected to slow down the growth of the market in a global landscape. 

By type, WDM Technology is expected to hold a major share in the optical transport network market, according to analysts.

Wavelength-division Multiplexing, WDM in short, is a technology that facilitates the transmission of multiple optical signals over a single cable. Its working principle is similar to that of the Frequency Division Multiplexing (FDM), wherein multiple signals are sent over several carriers, occupying non-overlapping components of the frequency spectrum. The spectral band employed in WDM is between 1300 and 1550 nm, the two-wavelength windows where optical fibers have a relatively minimal signal loss. WDM offers a wide range of advantages, including easier reconfiguration, high security, higher bandwidth, user-friendly, duplex transmission, and many more. Such appealing features, coupled with the need for the higher bandwidth in the advancing OTN segment and the emergence of 5G, are expected to drive the market growth onward. 

According to regional analysis, the optical transport network market in the Asia Pacific is expected to hold a significant share during the projected period. 

By geography, the optical transport network is segmented into five regions: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. The dominant growth in the Asia Pacific region could be attributed to the increased smartphone penetration, increased internet consumption, and enhanced fixed broadband speed. For instance, according to the Cisco Annual Internet Report, Pacific Asia is estimated to have the highest internet consumption with 3.1 billion Internet users, accounting for 72% of the regional population by 2023. Moreover, the average fixed broadband speed is estimated to reach 157.1 Mbps by 2023, from 14.3 Mbps in 2018. The increasing strategic developments deployed by the regional key players are further expected to boost the market. For instance, in February 2022, Chinese-based Huawei won Bharat Airtel, India’s second-largest telecom operator’s contract for telecom infrastructure expansion worth Rs. 150 crores. The deal was a part of an expansion and upgrade of the National Long Distance OTD network. 

Covid-19 Insights

The global pandemic had a positive impact on the optical transport network market. The mandated lockdown and quarantine amid the pandemic forced firms to adapt the work-from-home model and digitalize the operations by adopting integrated cloud-based platforms to enable remote access to all employees. At the same time, schools and universities too adopted a distance learning online teaching system. Subsequently, the need for better digital connectivity and higher bandwidth arose, increasing the pressure on the telecommunications industry. Owing to an increase in investments in research and development and technological innovations, the optical transport network market expanded significantly. 

Global Optical Transport Network Market Scope:

Report Metric Details
Market Size Value in 2021 US$28.193 billion
Market Size Value in 2028 US$90.538 billion
Growth Rate CAGR of 18.14% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Technology, End User, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Fujitsu Network Communications Inc, ADVA Optical Networking, Infinera Corporation, ECI TELECOM, NEC Corporation, ZTE Corporation, Huawei Technologies Co., Ltd., Padtec, Ciena Corporation, Avencom
Customization Scope Free report customization with purchase

Syngas – A Synthetic Fuel Gas

The Global Syngas Market was valued at 215.179 GW in 2020 and will increase to 398.307 GW by 2027. Over the forecast period, this market is estimated to increase at a compound yearly growth rate of 9.19%.

Synthetic Gas, simply Syngas, is a gaseous mixture that primarily comprises carbon monoxide, hydrogen, and minute proportions of carbon dioxide, methane, and other hydrocarbons. Syngas is predominantly being used to generate electricity and us a by-product of gasification. Gasification of coal emissions, steam reforming of coke, and waste emissions are few other instances of syngas generation. Syngas gets its name from its use as an intermediary in the production of synthetic natural gas and ammonia or methanol. Syngas can also be used to make other chemicals. Syngas is also a step in the production of synthetic petroleum, which can be used as a lubricant or fuel. The rising demand for power and fuel is expected to add impetus to the market. The Synthetic Gas market is segmented by feedstock, technology, type of gasifier, application, and geographical region. 

According to the Analysts, the demand for Syngas is expected to increase in Chemical Industry predominantly during the projected period.

Syngas plays a vital role in the production of Compressed Natural Gas, Syntenic Natural Gases, and Liquefied Natural Gases. These gases are further extensively utilized in marine, rail, and road transportation. The rapid penetration of automobiles and electric vehicles is further expected to boost the market. For instance, according to US Energy Information Administration, in 2020 United States consumed over 30.5 trillion cubic feet of natural gas. Moreover, according to the NITI Aayog’e energy policy report, the demand for energy is anticipated to double by the year 2040, while the electricity demand is expected to triple owing to the increased penetration of electric appliances and automobiles. The report further estimates that due to the increase in EVs, the demand for electricity is expected to increase up to 640 TWh by 2030. 

Furthermore, the increasing number of Hydrogen projects globally is expected to augment the market growth further. For instance, in January 2022, Reliance Industries Limited signed an MoU (Memorandum of Understanding) with the Government of Gujarat in India. The company invested about Rs 5,955 lakh crores as a part of Vibrant Gujarat Summit 2022’s Investment Promotion Activity. The investment will be spanned over the upcoming 10-15 years, wherein a 100 GW Renewable Energy plant will be set up along with the development of the Green Hydrogen Eco-system. While in September 2021, BP Australia partnered up with Macquarie Group to undertake a study on the feasibility of green hydrogen production at its Kwinana site. This project reflects BP’s future plans of repurposing the Kwinana plant as an integrated site that could generate and supply renewable fuel for the future. Further, in April 2022, BP received US$ 52 million from the Western Australian government to fund its Green Hydrogen Hub. This facility will be incorporated with at least a 75 MW electrolyzer, compression, hydrogen storage, and truck loading facilities. The firm’s existing on-plant hydrogen pipeline will also undergo upgrades for further optimization. 

At the same time, growing investments in refineries are expected further boost the demand for global Syngas. For instance, in March 2020, Aramco JV announced its investment plans and developed a major integrated petrochemical and refinery complex in China. This Greenfield Project is said to have about 300,000 bdp of refinery capacity and petrochemical units. This complex is a joint venture of North Huajin Chemical Industries Group Corporation, Panjin Xincheng Industrial Group, and Aramco under the name Huajin Aramco Petrochemical Company and is set to commence its operation in 2024. 

Nevertheless, several factors, like high investments, the requirement for the installation of sophisticated equipment, the long duration of time taken to set up facilities, and the need for geographical regions with adequate feedstock accessibility are expected to serve as constraints for the market growth and act as a high barrier for new entrants. 

During the forecast period, the syngas market in the Asia Pacific region is expected to have a dominant share. 

Based on geography, the Global Syngas market is segmented into five regions: North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. With the increasing demand for refineries and chemical industry in the regions and the consumption of Syngas associated with it is expected to drive the market onward in the Asia Pacific region, with India and China being the main players. The increasing oil consumption in the region could be one of the growth factors, as the increase in demand for oil is also expected to boost the demand for fuel in oil refining. China, India, and Japan rank top five in the global oil consumption globally, according to International Energy Agency (IEA). While, China is touted as a powerhouse for chemical processing and producer of a wide range of chemicals. According to the European Chemical Industry Council, of the €1,547 billion global chemicals sales generated in 2020, China emerged as the largest chemical producer globally, contributing about 44.6% of sales. Furthermore, according to statistics presented by World in Data, 70% of electricity is produced by fossil fuels, while about 30% was produced from renewables in Australia in 2021.

Furthermore, the increasing number of investments in refineries in the regions is another factor impacting the growth, as cited above. The aforementioned factors are adding impetus to the growth of the syngas market in the region. Following the Asia Pacific are North America and Europe.

Covid-19 Insights

COVID-19’s impact on Global Syngas Market is negative. The end-users of Syngas are predominantly being used in the chemical industry. The outbreak of the pandemic and mandated lockdown have led to the closure of many chemical factories, either partially or completely. The increased infection rates had further affected the staffing in the industries, thereby reducing productivity. Subsequently, a number of projects were also put on hold and were postponed to a later time. The disruptions in demand and supply chains and volatile prices had negatively affected the market. The Oil and Gas industry, for instance, had taken a huge toll due to the pandemic. Additionally, according to CEFIC, the chemical sales in the US went down by 6.4% in 2020 compared to the former year. Consequently, due to the reason mentioned above year, 2020 saw a decrease in demand for Syngas. Nevertheless, with the economy’s recovery and initiatives taken by several governments towards sustainable development, the industry is expected to recover and grow in upcoming years. 

Global Syngas Market Scope:

Report Metric Details
 Market size value in 2020  215.179 GW
 Market size value in 2027  398.307 GW
 Growth Rate  CAGR of 9.19% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  GW
 Segments covered  Feedstock, Technology, Gasifier Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Air Liquide, Air Products and Chemicals, Inc., Shell, Sasol, Linde plc, Synthesis   Energy Systems, Inc., Johnson Matthey, SynGas Technology, LLC, Haldor Topsoe   A/S, KBR Inc.
 Customization scope  Free report customization with purchase

Market Keep Track of Your Clotting Tests. Don’t Let Your Blood Outrun You

The Coagulation Testing market size was valued at US$2,972.150 million in 2022 and is anticipated to increase at a Compound Annual Growth Rate of 3.84% over the predictive period to reach US$3,868.871 million by 2029.

Coagulation Testing is done to examine blood disorders by testing the time it requires to form clots. Blood clots help in preventing excessive bleeding, by thickening and forming a layer to stop the blood flow. However, blood should not clot when it is flowing through the vessels, since such clots can travel to vital organs of the body and cause heart attacks, liver damage, or other serious illnesses. Therefore, to prevent the occurrence of any such casualty, a doctor may prescribe a coagulation test, to test the clotting ability of the blood.

Types of Coagulation Tests

Prothrombin time (PT or PT-INR): – Prothrombin is a protein produced by one’s liver and it helps in the clotting of blood. The prothrombin time (PT) test determines how quickly and effectively a person’s blood clots. It usually takes between 25 and 30 seconds. If a person uses blood thinners, it may take longer. Hemophilia, liver illness, and malabsorption are among the other causes of abnormal readings. It can also be used to keep track of those who use blood thinners like warfarin (Coumadin).

The time it takes for the blood to clot is measured in seconds. When comparing findings from various laboratories, the PT test may utilize a computation termed the international normalized ratio (INR).

Fibrinogen Level: – Fibrinogen is another protein that is produced by the liver. This test determines the amount of fibrinogen in one’s blood. Excessive bleeding or hemorrhage, fibrinolysis, or placental abruption, which is the removal of the placenta from the uterine wall, may report abnormal findings.

Platelet Count: – Platelets are blood cells that assist in the coagulation of blood. A platelet count may be prescribed by a doctor to determine the number of platelet cells in one’s blood. A lower platelet count could lead to a risk of severe internal or external bleeding. A low platelet count may be reported if a person is on chemotherapy, using certain drugs, or has had a large blood transfusion. Celiac disease, vitamin K insufficiency, and leukemia are some other reasons for a low platelet count. A high platelet count could however potentially lead to heart diseases and disorders.

Thrombin Time: – Thrombin time is a measurement of how well a person’s fibrinogen functions. Inherited fibrinogen abnormalities, liver illness, certain malignancies, and drugs that alter clotting can all cause unusual findings.

Bleeding Time: – A blood pressure cuff will be inflated and put on a person’s upper arm. A handful of small incisions will be made on the lower arm by a healthcare practitioner. The wounds will be minor and not too deep. When the cuff has deflated, a healthcare professional will remove it and apply blotting paper to the cuts every 30 seconds until the bleeding stops. Bleeding lasts anywhere from one to nine minutes. The test is regarded to be safe, with few side effects or hazards. This test measures how quickly a person’s skin blood vessels seal and stop bleeding.

The North American market has been reported to have the largest market share in the Coagulation Testing market. Owing to the increasing number of heart disease and diabetes cases, the market is expected to rise. According to the American Heart Association, cardiovascular diseases accounted for more than 850,000 deaths in the United States in 2019. Heart diseases have been reported to account for the highest number of deaths in the United States. Tobacco has also been reported as a leading cause of cardiovascular diseases in the United States. According to AHA, 23.6% of US high school students, and 6.7% of middle school students revealed that they use tobacco-based products in 2020. Moreover, the North American region has also seen significant growth in the number of diabetes cases in the region.

To address the growing number of cardiovascular and related diseases, government initiatives have been introduced in the region. Initiatives such as the Million Hearts 2022 are expected to control and prevent the increasing cases in the region. Million Hearts® 2022 is a five-year nationwide effort headed by the Centers for Disease Control and Prevention and the Centers for Medicare and Medicaid Services with the goal of preventing one million heart attacks and strokes in the next 5 years. The program concentrates partner initiatives on a limited number of issues that have been chosen for their impact on heart disease, stroke, and other illnesses.

Heart diseases also accounted for approximately 19.05 million global deaths in 2020. Tobacco has been reported to cause more than 8 million deaths worldwide, and with the increasing obesity and cardiovascular disease cases, this figure is expected to rise. Owing to the increasing medical expenditure and rapid developments in the healthcare industry, the coagulation testing market is expected to grow.

Covid-19 Insight

The COVID-19 pandemic resulted in a massive economical slowdown around the world. With most countries implementing lockdown protocols and social distancing norms, most major industries faced losses. Since most countries paid attention to controlling the virus outbreak, other medical segments suffered. Moreover, some countries even halted the non-essential testing and medical procedures, to utilize their resources in treating the infected patients. However, the market has been reported to be recovering. As most countries have lifted their lockdown protocols, the healthcare industry has seen an increase in the number of patients, which were not able to seek medical advice during the pandemic. Hence, the coagulation market is expected to increase in demand as countries and industries recover from the pandemic.

High Reliability and Thermal Management Solution

The film adhesives market was worth US$1.803 billion in 2020 and is anticipated to expand at a 5.32% compound annual growth rate over the forecast period to reach US$2.592 billion by 2027.

As the name suggests, Film Adhesives are widely available in film form. Many are thermoplastic, but reactive thermosetting films are also used commercially in structural parts. Dry film adhesives provided a hygienic, danger-free operation with minimum wastage and met this requirement over film thickness. However, the technique is usually limited to sections with smooth surfaces or simple curvatures. Curing under pressure and heat is required for maximum strength properties. The price of film material is higher than that of liquids, but the material loss is the lowest of any coating process.

Wide Application, Less Carbon Emission and Reliability are key driving forces

Government Regulations to reduce carbon emissions by minimizing vehicle weight and the requirement for fuel-efficient vehicles are driving the growth of the film adhesives market globally. Besides that, advancements in the electronics and electrical, automotive, packaging, and medical industries enhance the film adhesives market. Another factor influencing product demand is the widespread use of film adhesive in the automotive sector for validation plates, bracket attachments, and door hinge washers. Furthermore, film adhesives are used for various other applications, including solar energy, defence & aerospace, LED lighting, and food & beverage packaging, which supports as a major catalyst for the market of film adhesives globally. Films adhesives are commonly used for marking products to provide helpful information to consumers. The increasing use of adhesive films for labelling is anticipated to drive the market for film adhesive.

Rising demand from the packaging and pharmaceutical industries is also expected to enhance market growth during the forecast period. Increased spending on bio-based substances will likely provide major brands with financially rewarding future growth opportunities in the Flim Adhesive market.

Film Adhesive By Types 

Unsupported and supported film adhesives are available. Fibrous fabric or mat is commonly used as the carrier for backed films. Film adhesives are available for pressure-sensitive, solvent-activated, Heat-activated thermosetting, or thermoplastic hot melt. 

Pressure-sensitive film adhesives, which come in single or double-coated coated films, are lame and bond immediately when applied to pressure.

Thermoplastic film adhesives are typically placed between contact areas, and pressure and heat are implemented to form the bond; this joint can be processed quickly.

Thermosetting film adhesives in film form are practised between the two contact surfaces, and the arrangement is pressurized and heated up for a predefined timeframe. 

Solvent reactivatable film adhesives in film form are reinstated by erasing with a dampened solvent fabric into a pressure-sensitive condition.

Film adhesives provide the most straightforward approach to applying adhesive to the growing medium to be bonded. This is especially true whenever the bearing of the film is tightly controlled: enough tack to keep the film in place but not so much that it prevents realigning. Thermal management is crucial to the performance and power supply of electronic devices. Film adhesives are essential for many applications in the telecommunications, aerospace, and electronics sectors owing to the growing demands for uniformed bondline implementation and the evasion of air inclusions throughout the large areas.

Growing Demand in Aerospace is boosting the market for Film Adhesive Globally

In aerospace, film adhesive is used across the aircraft’s exterior, interior, and engine compartment. Everything from the overhead compartments to the convenient seat trays and even the in-floor illumination has been upgraded. Hydraulic system thread sealants, Threadlockers, retaining compounds, and structural adhesives are all present in the engine. Wing spars, door mouldings, Exterior panels, and so on are all bonded.According to American Aerospace Industry Association, the total industry sales revenue for the year 2019 was US$929 Billion, which saw an increase of 4.17% from 2018. The booming sector alone contributed US$ 374 Billion to the GDP of the United States, representing 1.8% of the entire GDP. The rise in the aerospace industry is anticipated to drive the film adhesive market for the forecasted period due to its diverse application in aerospace to provide reliability.

Usage of Film Adhesive in Aerospace

Film Adhesives for Anaerobic Conditions retaining, thread sealing, Threadlocking, and forming in place gaskets are examples of applications. Although most of these implementations are found in the engine bay, thread lockers are used throughout to prevent resonance softening.

Acrylic Structurals: Structural acrylics are used for various applications, including connecting magnets into electric engines and attaching harness clips.

Epoxies: There is a need for toughness, and low weight drives the widespread use of film adhesives. Carbon fibre is used in aircraft and unmanned aerial vehicles for almost the same reasons. 

Cyanoacrylates are used to securely bond numerous items and as a biological catalyst to hold segments linked with sluggish curing film adhesives. They are also a quick fix for damaged interior trim, taking only seconds to cure and having a near-instant delivery time.

The Asia Pacific is expected Dominate the Film Adhesive market

Asia Pacific is anticipated to conquer the film adhesive market and grow at the fastest CAGR during the forecast period. China is expected to be the region’s largest market. Countries such as India and South Korea are projected to grow substantially during the forthcoming years due to these emerging economies’ increased focus on industrial output.

North America and Europe are anticipated to witness stagnant growth over the forecast period due to the Covid-19 pandemic, which has had a significant effect on the global economy.

Covid-19 Impact on End-User Industry has impacted the growth of the Film Adhesive market

Covid-19 has influenced every major business, construction, automobiles, and packaging. Travel has been severely impacted, and the supply chain has been wholly impeded due to the global shutdown. Production and Manufacturing have been curtailed. This has had a huge negative effect on the film adhesives market. As per the record of the aerospace industry association, the aerospace and defence industry saw a total sales revenue of US$874 Billion and the total industry export is declined by 39%, and imports were also affected, which were decreased notably from US$ 68.7 billion in 2019 to US$ 50 billion in 2020. Being one of the major end-users of film adhesive, the covid-19 impact on the aerospace industry has also jolted the film adhesive market. The construction sector has also experienced substantial losses, as the nutritional standards of social distancing gatherings of a large group of people have ceased, resulting in a halt in the use of adhesives in building projects. The covid-19 threat has also harmed packaging requirements, as has the online retail market. The market for hot melt adhesives and sealants has grown as they aid in producing masks.

Film Adhesives Market Scope:

Report Metric Details
 Market size value in 2020  US$1.803 billion
 Market size value in 2027  US$2.592 billion
 Growth Rate  CAGR of 5.32% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Material, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Henkel AG & Co. KGaA, Hexcel Corporation, Pacific Coast Composites, Inc., Bostik (Arkema S.A.), 3M, H.B. Fuller Company, Showa Denko Materials Co., Ltd., Toray Industries, Avery Dennison Corporation, Solvay S.A.
 Customization scope  Free report customization with purchase

Ensuring Safety While Monitoring Tanks

The tank level monitoring market is expected to grow at a CAGR of 4.61%, from an initial value of US$816.868 million in 2021, and is estimated to reach a market size of US$1,119.664 million in 2028.

Tank Level Monitoring is highly used in industries like oil and gas, chemical, mining, automotive, energy, and power to accurately measure the amount of substance remaining in the tank. Tank level monitoring helps in the prevention of potential hazards and accidents by ensuring the safety of the workers in the field.

Key Benefits of Using Tank Level Monitoring

Tank level monitoring provides an accurate and error-free reading of the level of tanks and provides safety to the workforce by reducing the need to manually check the tank levels. Besides that, they also generate alerts when the liquid level (oil, water, fuel) reduces to a certain extent. They also ensure the refilling and maintenance of the tank when needed and also reduce the cost of logistics involved in storage, delivering, and distribution. Sensors that are used in tank level monitoring have a long-life battery and they provide clear visibility of the tanks, keep a regular check on any leak in the tank, and help in tracing any corrosive or acidic substances present in tanks.

Different Technologies Used in the Process

Various types of tank monitoring technologies are used in tank level monitoring which includes Float and Tape Gauge, Conductivity, Ultrasonic, Capacitance, Radar-based, and Data Transmission. Float level gauges are typically used to measure levels in LPG and NH3 tanks and containers and are one of the most widely used monitoring devices in tank level monitoring.  Radar level sensors can operate at a wide range of temperature, pressure, and various process conditions. Ultrasonic tank level monitoring uses high-level ultrasonic waves to depict the level of liquid inside tanks but at times it may give false echoes or information due to chemical incompatibility, Poor quality power source, not using shielded cables improper cable routing, poor mounting angle, etc. Besides that, wireless tank level monitoring is also highly applied across fields because of the reduced usage of wires and increased efficiency provided by them.

Oil and Gas Industries Are the Key Highlights for Tank Level Monitoring

Tank Level Monitoring is highly applied in the Oil and Gas, Chemical, and Mining Industries, and with the increasing demand for these products for the growing population, the significant growth of the Tank Level Monitoring market is not far away. International Energy Agency data reveals that the world total oil supply has increased from 102.1 EJ in 1971 to 187.4 EJ in 2019 and that of coal from 60.2 EJ to 162.4 EJ between 1971 and 2019. With the data representing increased demand for oil and coal, the coming years predict their higher use to support growing infrastructure and rapid industrialization. This is expected to increase the application of tank level monitoring as well in the coming years to keep an accurate check of the tanks in fields.

Role of IoT and AI in Tank Level Monitoring

With the introduction of AI, IoT, and Cloud-based services in Tank Level Monitoring, the chances of accurate readings and efficiency have increased overall. These technological advancements have provided a power-efficient and long-range solution in the monitoring process. For instance, recently SkyBitz has launched a User Interface (UI) for SmartTank, which is a wireless tank monitoring system that provides data visualizations and supports automated workflows. Furthermore, Graco Inc. has introduced a Pulse Level Tank Monitoring system that runs completely on Wi-Fi that is cost-effective, and uniquely end-users an end-to-end fluid management solution.

Price Volatility and Lack of Trained Labor Serve as Restraints for the Market

One of the major concerns for the market growth is the price volatility associated with the technology involved in tank level monitoring. This factor has made the adoption of tank level monitoring difficult in every needed industry and is also expected to limit its growth in the low developing economies.

Also, the lack of trained labor to install and adopt the mechanism can pose a major challenge to the market. Lack of technically trained personnel and expertise in the field can restrict the growth of the market not just in some sectors but in underdeveloped economies as well because monitoring sensors are highly dependent on trained and qualified personnel to install, monitor, and configure the equipment thoroughly.

Regional and Geographical Insights

With the discovery of oil and gas fields, this market is expected to witness significant growth in Africa and the Middle East. With the high investment being done by the companies in these areas, tank level monitoring market growth stands in a good position. For instance, Honeywell International Inc. is ready to invest in Egypt to expand its activities in the fields of gas, oil, and refining and become a regional refining hub in the Middle East and Africa. The Middle East and Africa are the hubs to a few of the largest oil and gas fields in the world including Ghawar Field in Saudi Arabia, Burgan Field in Kuwait, Ahvaz Field in Iran, Gachsaran Field in Iran, Upper Zakum Oil Field in UAE, Safaniya Oil Field, etc.

Also, North America is expected to witness significant growth in the market owing to the technological advancement in the nation which is expected to invest high in the related field. Also, the growing infrastructure and industrialization in Asia-Pacific Region are expected to contribute significantly towards the Tank level monitoring market.

COVID-19 Impact

The coronavirus pandemic severely impacted the global tank level monitoring market. With the risk of spreading at a high rate, governments across the globe imposed lockdown and curfew. With the shutting down of industries, the operations in construction, oil and gas, chemical, mining, automotive, energy, and power came to a halt. With the economies falling, the demand for tank-level monitoring services also went down.

Tank Level Monitoring Market Scope:

Report Metric Details
Market Size Value in 2021 US$816.868 million
Market Size Value in 2028 US$1,119.664 million
Growth Rate CAGR of 4.61% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Million
Segments Covered Product, Technology, End-Users, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Schneider Electric, Gauging Systems Inc., Piusi S.p. A., Emerson Electric Co., TankScan (ATEK Access Technology, Varec Inc., Graco Inc., Banner Engineering Corp., Baker Hughes Company
Customization Scope Free report customization with purchase