Film Adhesive Market Size Worth $477.4 Million By 2027

The global film adhesive market size is anticipated to reach USD 477.4 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.3% from 2020 to 2027. Increasing utilization of film adhesive in medical equipment and other related applications in the industry is anticipated to boost market growth over the forecast period.

Film adhesives have a thin layer of adhesive backed by a peelable liner. Their phenomenal properties including lightweight, high strength, and strong structural bonding give them a competitive edge over other alternatives in the market. As a result, they find applications in various end-use industries, such as toys, aircrafts and cars, appliances and electronic instruments, medical equipment, building and construction, and packaging.

The product is available in various forms, such as thermoset, thermoplastic, and pressure sensitive, and their usage varies upon their application. Thermoset film adhesive requires heat and pressure to attach to the substrate, making an irreversible bond, which enables it to resist temperature. Thermoplastic needs heat for getting attached and can be detached with heat itself. Pressure sensitive, as the name implies, is attached to the substrate with pressure and no heat.

Based on application, electronics and electrical held the largest share in the market. The product is used for joining intricate shapes in the electronic systems. For instance, in laptops, they are used for mounting labels, contamination control, gasket bonding, LCD assemblies, low resistivity electrical grounding and shielding, and thermal management. Their usage varies for each consumer good and electronic and electrical equipment.

Automotive accounted for a major share in the market. Film adhesive is used for paint protection in automobiles. For instance, 3M’s scotchgard is a polyurethane film with adhesive backing, which is used for shielding car’s front from debris and dirt. Apart from cars, film adhesive is used by the aerospace industry, especially in interior applications. For example, in aircrafts, it is used to bond decorative laminates to composite panels for interior applications.

North America is expected to witness sluggish growth over the forecast period. This can be attributed to the decline in the industrial production, mainly in U.S., owing to global pandemic crisis of Covid-19. The manufacturing facilities have halted their production and the raw material supplies are delayed owing to transport-related issues. The raw materials are unavailable in certain cases because their requirement is more essential in other applications. For instance, alcohol is used in adhesive production but its usage is more urgent in hand sanitizers. The market will take time to stabilize in the region, and hence is anticipated to register a slow growth rate over the forecast period.

The market is characterized by the presence of various leading players, which has resulted in high competition. Technological advancements, long-term contracts, investments in capacity expansion, and mergers & acquisitions are some of the key strategic initiatives adopted by the major players of the market in order to increase their revenue share in the industry. For instance, in July 2019, Bostik announced the acquisition of Prochimir, a company that specializes in thermobond adhesive films.

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https://www.grandviewresearch.com/industry-analysis/film-adhesive-market

Further key findings from the study suggest:

By application, the electronics and electrical segment accounted for the largest volume share of 34.7% in 2019. This is attributed to growing demand for film adhesives from the industry. In October 2019, Henkel opened a new adhesive plant in Songdo-dong, South Korea, especially for electronics, which is expected to commence its full production by 2022
The medical application segment is anticipated to register the fastest CAGR of 2.7% in terms of revenue during the forecast period on account of increasing demand from the medical equipment sector, which is further propelled amidst the Covid-19 pandemic situation
Asia Pacific is expected to witness the fastest growth over the forecast period owing to growth in the end-use industries. The industrial output, which is declining across the globe in 2020 owing to Covid-19, is anticipated to be stable in China as manufacturers are resuming their operations in the country
Key players of the market are engaged in expanding their footprints across the globe. The growth in the Asia Pacific market has attracted investments. For instance, in March 2019, tesa SE announced its plans to invest a sum of more than €30 million in the Suzhou site in China for constructing a unit dedicated for production of precision adhesive tapes for the electronics and automotive industries.

N-Methyl-2-Pyrrolidone (NMP) Market Size Worth $1.79 Billion By 2025

The global n-methyl-2-pyrrolidone (NMP) market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region.

NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.

Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.

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http://www.grandviewresearch.com/industry-analysis/n-methyl-2-pyrrolidone-nmp-market

Further key findings from the report suggest

Globally, electronics and oil & gas application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 4% during the forecast period. This growth can be attributed to rapid growth from the end-use verticals such as petrochemical refineries, and electronics & telecommunication.
Asia Pacific dominated the NMP market in 2015 with an estimated revenue of around USD 450 million, and is projected to grow significantly over the coming years owing to the increasing investments from the application industries. China is expected to witness an increase in demand and expected to be the largest consumer of petrochemical products owing to presence of large capacity manufacturing units and favorable export-oriented government policies. Russian oil company Transneft has constructed Eastern Siberia Pacific Ocean (ESPO) Pipeline which provides Russia an option to supply crude oil to China.
Key participants in the N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., among others. In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions.

Southeast Asia Plastic Compounding Market Worth $6.7 Billion By 2026

The Southeast Asia plastic compounding market size is anticipated to reach USD 6.7 billion by 2026, accelerating at a CAGR of 8.9% from 2019 to 2026, according to a new report by Grand View Research, Inc. Rapidly developing construction and automobile markets are anticipated to drive the demand for interiors, exteriors, and underhood components. Major application areas of plastic compounding involve underhood components in the automotive industry, building interiors and exteriors in construction and infrastructure industries, and in electronics, durables, and wire and cable industries.

The market for plastic compounding in Southeast Asia is likely to be driven by the increasing demand for compounded products in automotive, building & construction, electrical & electronics, packaging, consumer goods, industrial machinery, medical devices, and optical media applications. Regulatory intervention to reduce gross vehicle weight to improve fuel efficiency and ultimately reduce carbon emissions have driven automotive OEMs to adopt compounded plastics as a substitute to metals for fabricating automotive components.

Optical media is anticipated to be the fastest-growing application segment by 2026 both in terms of volume and revenue in Southeast Asia market. Due to their superior properties and moldability, compounded plastics are being used as a replacement for metals and other engineering plastics. They are also widely utilized in automotive applications with their scope extending from interior components to exterior parts. This aids in reducing the overall vehicle weight and increasing fuel efficiency, while maintaining quality standards.

Over the past few years, there has been a considerable demand for plastic compounding with the end product being used as a replacement for metals and alloys across various industries such as automotive, industrial machinery, and consumer goods. The compounding industry’s criticality lies on technology as the ever-increasing requirement of end users, in terms of product specification and versatility, gradually tends to overshadow consumption dynamics. Other factors, such as feedstock availability, production processes, and sociopolitical events, also have a significant impact on industry trends.

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https://www.grandviewresearch.com/industry-analysis/southeast-asia-plastic-compounding-market

Further key findings from the report suggest:

Polypropylene (PP) segment occupied the largest revenue share in 2018 and is projected to continue to be the largest segment in the Southeast Asia market over the forecast period
Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the demand for products formed through compounding process in electronics & electrical industry
The automotive segment accounted for 24.2% of the Southeast Asian market in 2018, in terms of revenue, and it is projected to grow at a CAGR of 9.1% over the forecast period
Indonesia dominated the market for plastic compounding in the Southeast Asian region in 2018 both in terms of volume and revenue and is expected to continue its domination over the forecast period
Key players include in Southeast Asia plastic compounding market are BASF SE, SABIC, LyondellBasell Industries N.V., Kraton Polymers Inc., RTP Company, The 3M Company, Teijin Plastics, among others.

Luxury Watch Market Size Worth $9.3 Billion By 2025

The global luxury watch market size is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing consumer preference to purchase luxury watches as a style statement is expected to have a strong impact on the market growth. Furthermore, increasing importance of e-commerce portals including Amazon and Flipkart as a selling medium for providing access to limited addition watches is projected to expand the industry size over the next few years.

Increasing number of aristocratic women in Western European countries including Germany, France, and U.K. who wear intricate watches on the wrist is expected to remain a prominent trend. Furthermore, new product launches in Unisex collection by companies including Rolex, Cartier, and Tag Heuer are projected to expand the buyer reach over the next few years.

Mechanical products accounted for the largest share of more than 75.0% in 2018. Excellent durability due to presence of Titanium ceramic coatings and PVD coatings in mechanical watches is expected to maintain its lead in the near future. Key industry players that offer mechanical products include Rolex SA; A. Lange & Söhne; Apple Inc.; and The Swatch Group Ltd.

Online distribution channel is expected to be the fastest growing category as the consumers are shifting from offline to this distribution channel due to the ease of product comparison and doorstep delivery services provided by the e-commerce portals. Some of the key online retailers are Amazon, FlipKart, and Aliexpress.

Asia Pacific is expected to be the largest regional luxury watch market over the next few years. Expansion of middle class income groups in emerging economies including China, India, and Vietnam on account of urbanization and increasing number of commercial set-ups is expected to promote the use of luxury watches over the forecast period.

Some of the key players are Rolex SA; A. Lange & Söhne; Apple Inc.; The Swatch Group Ltd.; FOSSIL GROUP, INC.; CITIZEN; Seiko Watch Corporation; CASIO; and Audemars Piguet. Companies are adopting new product development strategies to get a competitive advantage in the market. For instance, in 2019, Rolex SA launched six new models such as YACHT Master 42, Sea-Dweller, Gmt Master Ii, Day Date 60, Date Just 36, and Date Just 31.

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https://www.grandviewresearch.com/industry-analysis/luxury-watch-market

Further key findings from the report suggest:

Mechanical products led the market with a share of more than 75.0% in 2018
Offline distribution channel accounted for a share of more than 85.0% in 2018
Asia Pacific dominated the global luxury watch market in 2018 and is expected toexpand at the fastest CAGR of 4.7% over the forecast period.

Anti-reflective Coatings (AR Coatings) Market Worth $7.5 Billion By 2025

The global anti-reflective coatings market is expected to reach USD 7.50 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancements in the field of fabrication and deposition techniques coupled with increasing demand for efficient optical devices from end-use applications are expected to propel demand for the coatings over the next nine years.

The market is highly dependent on the availability of efficient and cost effective deposition technologies. Advanced coating processes including ion assisted deposition, ion beam sputtering, and advanced plasma reactive sputtering are increasingly being used in order to achieve precision in deposition. These advancements have led to use of AR coatings in high-end applications including telescopes, military & defense, and aerospace, thus propelling the market.

The antireflective coatings market is characterized by the presence of numerous market players across the globe. Various manufacturers catering to the eyewear industry are integrated across the value chain wherein they manufacture antireflective coatings as well as the eyewear lens for the end-users.

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http://www.grandviewresearch.com/industry-analysis/anti-reflective-coatings-market

Further key findings from the report suggest

Eyewear application accounted for the major share and is expected to witness a CAGR of over 7.0% from 2016 to 2025 on account of rapidly increasing demand for fashion eyewear and sunglasses
Electronics application is expected to witness significant growth over the forecast period on account of technological advancements in display and touchscreens of the devices such as smart phones, laptop, tablets, and smart watches
Sputtering technology is expected to witness a growth of over 9.0% from 2016 to 2025 on account of high utilization in ophthalmic industry
Asia Pacific accounted for a share of over 30% in 2015 on account of growth in the manufacturing sector and increasing consumer awareness regarding the benefits of the product in eyewear
In June 2015, iCoat introduced Indigo anti-reflective coating, which is a blue light filtering AR coating. It is suitable for reducing the digital eye strain and discomfort due to blue light.
In May 2014, HOA launched UV control which is a UV resistant coating applied on the back surface of the spectacles. The coating comes in combination with Hi-Vision Long-life anti-reflective coating.

Thermoplastic Elastomer Market Size Worth $19.76 Billion By 2022

The global thermoplastic elastomers market, estimated to witness a high CAGR in forthcoming years. These Elastomers have material belongings of rubber and thermoplastics that are supple and soft. These can be treated with universal method of thermoplastic. These methods are blow molding, extrusion, and injection molding. The Thermoplastic Elastomers become plastic whenever it is exposed to temperature and become elastic once it is cooled down. As a result of cross connection between materials and the elements, Thermoplastic Elastomers is produced. These Elastomers consists of a variety of properties that create it additionally better than PVC and rubber, for example it possesses a short cycle, have thermal steadiness, it is completely eco-friendly, uses less energy, simple to process. Also it is compliant for color special effects along with dying.

Growing utilization through numerous applications for example construction, consumer goods, electronics and footwear is influential in the development of the global market for Thermoplastic Elastomers in previous years. Growing demand from automobile components manufacturing industry is projected to be the most important factor motivating the development of the global market for Thermoplastic Elastomers in forthcoming years. The ecological organizations are heading for lessening the carbon discharge by way of increasing the fuel efficiency of vehicles. This has enforced main automobile original equipment manufacturers to include plastics such as the alternative for alloys and metals used in the manufacturing of automobile components.

Growing inclination of customers for light weight and better performing passenger cars is motivating the improvement of plastic components, which can be used in the manufacturing of automobiles, that helps in reducing the weight of the vehicle. These factors have augmented the utility of thermoplastic in the field of automobile manufacturing. As compared to Thermoset plastics the Thermoplastic Elastomers show better chemical and physical properties that add to the popularity of application

Asia Pacific market for Thermoplastic Elastomers is the biggest as Japan, China and India are the foremost consumers in the region. Greater progress of automobile manufacturing and construction industry in India and China, together with growing manufacture of electronic commodities and footwear in Southeast Asia is projected to additionally motivate the demand for these Elastomers in Asia Pacific in forthcoming years.

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https://www.grandviewresearch.com/industry-analysis/thermoplastic-elastomers-market

Further key findings from the report suggest:

The demand for Thermoplastic Elastomers in North America is principally motivated due to the policies adopted by Environmental Protection Agency (EPA) to support recyclable products along with growing usage of these Elastomers in medicinal apparatus, automobiles, construction and leisure & sports equipment manufacturing
Some of the companies for Thermoplastic Elastomers Market are: LyondellBasell, Kraton Polymers, Sinopec and Dow Chemical Co
Additional significant companies are: LG Chemicals, Kuraray, Huntsman Corporation, Dynasol, BAYER, A. Schulman, Inc., LCY Chemical, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Berkshire Hathaway, and BASF

Metal Cutting Machine Market Size Worth $9.79 Billion By 2025

The global metal cutting machine market size is expected to reach USD 9.79 billion by 2025, accordingto a new report by Grand View Research, Inc. increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand.

Automotive segment held the largest market share in 2016 owing to a wide-scale usage of the product in wide range of exterior and interior components of automotive such as passenger cars, SUV’s, and HUV’s. The robust growth in automotive industry across the world is further driving the segment growth. MCMs are witnessing an increasing demand, which is anticipated to spur at a faster pace on account of the rising need for advanced automatic machines to increase production efficiency and avoid operator’s hazardous issues.

Laser machine accounted as the largest product segment in 2016 and is anticipated to grow significantly over the upcoming years. Laser machines are extensively used for industrial manufacturing applications to produce high-quality surface finish objects. It is widely used in the shipbuilding and aerospace manufacturing process.

In marine industry, these machines are extensively used by the industry players for ship repair and fabrication of equipment. It consists of patrol boats, aircraft carriers, tankers, luxury liners, tugs, barges, large seagoing vessels for containers, and other cargo ships. Cutting machines are used to cut parts for hatches, skin of the vessel, block parts, stiffener plates, drains, the skeleton, and pipes.

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http://www.grandviewresearch.com/industry-analysis/metal-cutting-machine-market

Further key findings from the report suggest:

The global metal cutting machine demand was USD 5.99 billion in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025. Automotive emerged as the largest application segment in 2016 and is expected to grow at a predicted CAGR of 6.5% between 2017 and 2025.
Global demand for flame cutting machine was USD 333.7 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in defense & aerospace segment was USD 511.1 million in 2016 and is projected to grow at rate of 4.2% from 2017 to 2025
The metal cutting machine market in Asia Pacific is projected to experience substantial growth over the next eight years owing to robust growth in various application industries, especially in the automotive and defense & aerospace market. In terms of revenue, the APAC market is expected to grow at a CAGR of 6.7% between 2017 and 2025
Key players including Lincoln Electric Holdings, Inc., TRUMPF GmbH + Co. KG, Nissan Tanaka Corporation, Bystronic Laser AG, and Koike Aronson, Inc., dominated the global market.

Germany Consumer Appliances Market Worth $20.8 Billion By 2025

The Germany consumer appliances market is expected to reach USD 20.8 billion by 2025, according to a new report by Grand View Research, Inc. This report includes a detailed market analysis of the Germany household appliances market and market shares of major domestic appliances and minor domestic appliances. The report also covers different factors that have led to the growth and decline in this market space along with a brief market snapshot.

Germany is considered a matured and a developed market in the household appliances industry. Germany has been the focal point of development in the European region in terms of innovation and considering the requirements of the consumers. The sales of these household appliances in the German market depends upon the trade deals for the remodeling and renovation of houses, or exchange and upgradation of older household appliances.

The technical and mechanical advancements in the home appliances products have contributed towards enhancing the way of life of individuals in Germany. A wave of change in the use of these products can be seen because of the increasing disposable income of German citizens and the fast urbanization patterns occurring in different parts of the world.

Under consumer appliances industry, the household appliances, also known as white goods has been segmented into two major parts, Major domestic appliances and minor domestic appliances. This classification is based on the utility of the appliances such as cooling, cooking, heating and cleaning. For instance, refrigeration appliances, washing appliances (clothes washers, dryers, and others), room comfort (cooling systems, room warmers, fans, dehumidifiers and others), water heaters, cleaning appliances (vacuum cleaners, dish cleaners and others) and entertainment appliances and machines (TVs, Laptops, smartphones and others).

The small household appliances such as blenders, toasters, mixers, and hotplates also support the growth and development of the overall home appliances industry in Germany but at a slow pace.

The Germany household appliances market has additionally been fragmented based on the distribution channel into E- retailers, departmental stores, Hypermarkets, supermarkets, and others. Although e retailers and departmental stores have been mostly used by the buyers, the e commerce business is relied upon to be the quickest developing distribution channel in the coming future. Web based business is the main driving force for the household appliance purchases. This, in blend with creative credit plans, Discounts and offers is making the procurement of household appliances less demanding for middle incomed people.

The significant players in the home appliances market in the Germany are Haier Electronics Group Co. Ltd, Whirlpool, Electrolux AB, LG Electronics, Panasonic Corporation, Samsung Electronics, Arcelik A.S and Gorenje Group to name a few.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market

Further key findings from the report suggest:

The German household appliances market is growing at a CAGR of 1.3% and is expected to reach USD 20.8 billion by 2025. Major reasons behind the growth being, recovery of European economy and influx of smart appliances in the market.
By 2025, under the product segment, major household appliances are expected to reach a value of USD17.6 billion. This can be attributed to the growing purchasing power of the consumers in Germany.
The minor domestic appliances market is expected to reach USD 3.2 billion by 2025 with a CAGR of 0.8% during the forecast period.
The Germany household appliances market currently represents approximately 23% of the total European household appliances market.
Among the distribution channels, E-retailers like Amazon and Otto are growing the fastest at a CAGR of 1.6% followed by departmental stores like Aldi and Metro progressing at a CAGR of 1.5% during the forecast period.
Out of the many commercial players in this market space, the big players who are going to enjoy major market share are, Whirlpool, Electrolux AB, LG Electronics, Panasonic Corporation, Samsung Electronics, Arcelik A.S and Gorenje Group.

Anti-reflective Coatings Market Worth $7.5 Billion By 2025

Click the link below:
http://www.grandviewresearch.com/industry-analysis/anti-reflective-coatings-market

Further key findings from the report suggest

Eyewear application accounted for the major share and is expected to witness a CAGR of over 7.0% from 2016 to 2025 on account of rapidly increasing demand for fashion eyewear and sunglasses
Electronics application is expected to witness significant growth over the forecast period on account of technological advancements in display and touchscreens of the devices such as smart phones, laptop, tablets, and smart watches
Sputtering technology is expected to witness a growth of over 9.0% from 2016 to 2025 on account of high utilization in ophthalmic industry
Asia Pacific accounted for a share of over 30% in 2015 on account of growth in the manufacturing sector and increasing consumer awareness regarding the benefits of the product in eyewear
In June 2015, iCoat introduced Indigo anti-reflective coating, which is a blue light filtering AR coating. It is suitable for reducing the digital eye strain and discomfort due to blue light.
In May 2014, HOA launched UV control which is a UV resistant coating applied on the back surface of the spectacles. The coating comes in combination with Hi-Vision Long-life anti-reflective coating.