North America PVC Films Market Size Worth $2.7 Billion By 2027

The North America PVC films market size is anticipated to reach USD 2.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.6% from 2020 to 2027. The adoption of Polyvinyl Chloride (PVC) films in the packaging of food and beverages is increasing as these films provide a cost-effective and flexible packaging solution to the consumers.

Food and beverage is the most prominent market for the packaging industry. Growth in the population (via immigrations), rise in the working women population, increase in disposable income, and hectic work-life schedules have macro economically boosted the demand for ready-to-eat food products, packaged meals, and outdoor dining.

North America is considered to be one of the major and technologically advanced regional markets for PVC films as compared to other regions, such as the Asia Pacific and Africa. The recent outbreak of COVID-19 has resulted in the slowdown or halt in manufacturing activities, restrictions on supply and transport, and the slowdown of infrastructure projects, which is expected to negatively impact the demand for PVC films in the fourth quarter of 2020.

Building materials are among the prominent end uses of PVC films in North America. The economic growth of the region has driven government spending on construction. Moreover, the rise in annual incomes and urbanization have driven the construction activities of residential buildings. According to the Census Bureau of the U.S., the total value of construction put into place in July 2019 was USD 1,366,042 million. It increased to a value of USD 1,436,727 million in March 2020. However, it declined to USD 1,364,565 million in July 2020 due to the unprecedented outbreak of COVID-19 in the country.

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https://www.grandviewresearch.com/industry-analysis/north-america-polyvinyl-chloride-pvc-films-market

Further key findings from the report suggest:

The packaging segment was the largest end-use segment in 2019. PVC-based shrink wraps are used for preventing the products from getting spoiled in retail and shipping environments owing to their inexpensiveness, multi-purpose capabilities, and lightweight properties
The rising need for sustainable and durable packaging products is anticipated to drive the demand for PVC films in the food packaging industry
By product, monomeric flexible PVC films are expected to expand at a CAGR of 3.1% in terms of revenue from 2020 to 2027. These films are best suited for indoor flat applications and have an outdoor durability of 3-4 years for black and 2-3 years for colored products
As of 2019, the U.S. accounted for more than 70.0% share of the regional revenue. Increasing demand for PVC films in the medical applications for manufacturing capsules, tablets, drainage bags, and other medical equipment is assisting the market growth in the country.

Metallic Stearate Market Worth $4.84 Billion by 2025

The global metallic stearate market is expected to reach USD 4.84 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.5% during the forecast period. Growing rubber and plastics industry is projected to drive the product demand.

Thermoplastics such as polyethylene, polypropylene, polyvinyl chloride, polystyrene, polyethylene terephthalate, expanded polystyrene, ABS, SAN, polyamides, fluoropolymer, and polycarbonate were the key contributors to the market growth. Primary applications of plastics include films, sheet, plates, boxes, strip, foil, and bottles. Packaging, building and construction, automotive, electronic, electrical, and consumer goods are the leading end-user industries that consume plastics. As a result, the prolific increase in plastics and plastic-based articles production is anticipated to drive the metallic stearate market over the forecast period.

The strong presence of automotive manufactures in China, Japan, and South Korea has boosted the demand for synthetic rubber. China and South East Asian countries appeared to be the major producers of synthetic rubber. Prospective growth in the automotive industry has propelled the demand for rubber in tire applications. A sizeable increase in rubber production is anticipated to fuel the demand for metallic stearates over the next few years.

Technological advancements are likely to continue driving the market growth. Various types of techniques are used in metallic stearate production. Nanofilms of metallic stearates can be produced using Langmuir−Blodgett (LB) techniques. The films are characterized by X-Ray Diffraction technique. The conductive properties of films are altered with environmental conditions; as a result, they can be used as a humidity sensor

Rising health concerns, altering demographics and lifestyles, favorable research studies, and innovative production techniques are the factors projected to drive the market. Investments and business expansions made by market participants to meet the increasing product demand in Asia Pacific and North America are projected to offer substantial growth opportunities over the next few years.

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https://www.grandviewresearch.com/industry-analysis/metallic-stearate-market

Further key findings from the report suggest:

In terms of revenue, the zinc product is expected to expand at a CAGR of 5.5% over the forecast period
Plastics led the application segment with a market share of over 30% in 2018
Increasing purchasing power parity and demand for cosmetics is projected to drive the metallic stearate market over the forecast period
Some of the key participants are Dover Chemical Corporation, Valtris Specialty Chemicals, Peter Greven GmbH & Co. KG, Baerlocher GmbH, Faci S.p.A, and Norac Additives.

Anti-corrosion Coatings Market Size Worth $38.6 Billion By 2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

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https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

Further key findings from the report suggest:

The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027
The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue
The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation
The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years
This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers
The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

Medical Foam Market Size Worth $37.9 Billion By 2027

The global medical foam market size is anticipated to reach USD 37.9 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 7.5% over the forecast period. The rising product demand from the bedding & cushioning, medical devices, packaging, and a few other application segments are expected to propel market growth. Moreover, the need for better healthcare facilities coupled with a rising number of hospitals has boosted the product demand in medical devices application, which is anticipated to drive the market over the forecast period.

Medical foams are lightweight and have high flexibility, absorbency, and durability. Moreover, they offer excellent stain and fungal resistance and impact absorption. Due to these characteristics, medical foams are widely used in the healthcare sector in medical packaging, prosthetic padding, bedding and cushioning, wound dressing, medical aids, etc., which is also projected to drive the market.

Asia Pacific is expected to be the fastest-growing regional market owing to the increasing demand for high-quality medical devices and components from hospitals in major economies, such as China, India, and Singapore. Furthermore, the rising expenditure of various governments on public & private health systems and the growing geriatric population are fueling the demand for improved healthcare services and infrastructure, which, in turn, is expected to propel the product demand in the coming years.

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https://www.grandviewresearch.com/industry-analysis/medical-foam-market

Further key findings from the report suggest:

The global market was valued at USD 21.4 billion in 2019 and is estimated to register a CAGR of 7.5% from 2020 to 2027
The market is expected to witness significant growth over the forecast period owing to rising product demand from medical packaging and medical device & components applications
North America is projected to be the largest regional market over the forecast period owing to the growing product demand from various application segments
Asia Pacific is projected to register the fastest growth rate from 2020 to 2027 owing to rising healthcare investments and growing product demand from medical packaging applications, in countries, such as India, China, and Japan

Commodity Plastics Market Worth $554.4 Billion By 2027

The global commodity plastics market size is anticipated to reach USD 554.4 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 3.2% over the forecast period. Increasing product demand from the packaging, building & construction, medical & pharmaceutical, and a few other application industries is expected to propel market growth. Moreover, the rising demand for consumer durable goods owing to growing disposable incomes coupled with the increasing need for lightweight materials in the automotive industry is anticipated to drive the demand for commodity plastics over the forecast period.

Polyethylene (PE) segment led the market in 2019 and is expected to maintain its leading position during the forecast period owing to rising demand from the packaging and automotive & transportation industries. Polyethylene is widely used in various applications, such as plastic films, plastic bags, wire insulations, plastic containers, household & kitchenware, tubing, bottles, and chemical containers, owing to their properties, which include lower manufacturing cost, easy availability, and excellent stiffness and toughness. Asia Pacific is the largest regional market for commodity plastics owing to the high demand from the end-use industries.

Asia Pacific is the largest producer and consumer of automobiles, consumer goods, and packaging materials, thereby paving a way for the commodity plastic market in the region. The region is also one of the largest consumers and producers of electrical & electronic products, such as equipment and wires, which is expected to boost the demand for commodity plastics in the region over the forecast period. However, the decline in consumer spending on discretionary products and the stall in manufacturing activities due to the COVID-19 pandemic in the region are expected to negatively impact the demand in the above-mentioned industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/commodity-plastics-market

Further key findings from the report suggest:

The global market was valued at USD 434.6 billion in 2019 and is estimated to register a CAGR of 3.2% from 2020 to 2027
The global market is expected to witness significant growth over the forecast period owing to rising product demand from the packaging, electrical & electronics, and medical & pharmaceutical end-use industries
The market in the U.S. is anticipated to witness significant growth by 2027 owing to the growing product demand
Asia Pacific is projected to witness the fastest growth over the estimated period owing to rising infrastructural & economic investment, and growing product demand from the countries, such as India, China, and Japan
Rapidly growing e-commerce sector and innovation and development in the packaging industry in APAC is also fueling the product demand

Post-consumer Recycled Plastics Market Worth $16.7 Billion By 2027

The global post-consumer recycled plastics market size is anticipated to reach USD 16.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

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https://www.grandviewresearch.com/industry-analysis/post-consumer-recycled-plastics-market

Further key findings from the study suggest:

The bottle source segment is expected to expand at the highest CAGR over the forecast period in terms of revenue. This is attributed to the rising demand for plastic bottles for the packaging of sanitizers, beverages, cosmetics, and various other products
By type, the polystyrene segment is expected to witness the fastest growth over the forecast period in terms of revenue. It is used primarily in the manufacturing of packaging products for food and non-food applications
Asia Pacific accounted for over 45.0% of the overall revenue in 2019. China is expected to expand at a CAGR of 11.0% from 2020 to 2027.

Thermal Spray Coatings Market Size Worth $13.6 Billion By 2027

The global thermal spray coatings market size is expected to reach USD 13.6 billion by 2027, expanding at a CAGR of 3.9%, according to a new report by Grand View Research, Inc. Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel market growth. Moreover, the growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market.

Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to the coated surfaces. These coatings have the high-potential market opportunities on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal. Increasing oil and gas exploration activities, particularly in the Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the market.

These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve the performance of dental implants and orthopedic implants. The advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional market on account of increasing vehicle production along with rapid economic growth in China, India, and Japan, Indonesia, South Korea, and Thailand.

Further, the recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed product demand. Restriction in transportation and supply due to slowdown or halting of factories and partial or nationwide lockdowns in several countries in order to restrain the spread of the pandemic is expected to negatively impact market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market

Further key findings from the report suggest:

Aerospace application segment led the market accounting for a revenue share of 32.3% in 2019 and is projected to maintain its dominance during the forecast period
In the U.S., the market is anticipated to reach USD 3.8 billion by 2027 owing to the presence of key manufacturers and suppliers in the country
The market is highly competitive in nature with the presence of a number of global medium- and small-scale companies
Key companies engage in strategies, such as mergers and acquisitions and product development, to expand their market reach and product portfolio

Plastics In PPE Market Size Worth $34.8 Billion By 2027

The global plastics in personal protective equipment market size is expected to reach USD 34.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 17.0% over the forecast period. Increasing demand from applications, such as construction and healthcare, and rising safety concerns are expected to drive the product demand.

The demand for plastics in PPE is expected to increase majorly in the respiratory protection and hand protection applications owing to the high in demand for masks, gloves, face shields, etc. across various industries, such as building & construction, chemical manufacturing industries, and laboratories, due to COVID-19 pandemic. Asia Pacific is expected to lead the global market due to the strong presence of prominent product manufacturers in the region.

The global market is segmented based on plastic categories, which include acrylic, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyester, polyethylene, polyethylene terephthalate, polyphenylsulfone, polypropylene, and others. Polyethylene was the prominent product segment and accounted for over 25% of the global revenue in the year 2019. The polyester product segment is expected to witness significant growth due to the high demand for protective vests, gloves, and body covers.

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https://www.grandviewresearch.com/industry-analysis/plastics-personal-protective-equipment-market

Further key findings from the study suggest:

The global market was valued at USD 3.8 billion in 2019 and is estimated to expand at a CAGR of 17.0% from 2020 to 2027
Respiratory protection is expected to be the fastest-growing application segment at a CAGR of 17.4% over the forecast period
This growth is attributed to the rising demand for different types of masks, such as surgical, N95, N93, and specialized gas masks
Hand protection segment is estimated to account for the largest revenue share by 2027 due to rising demand for these products
APAC was the largest regional market in 2019 and is estimated to retain its leading position throughout the forecast period due to the rapidly growing healthcare sector in countries, such as India and China

Pouches Market Size Worth $53.9 Billion By 2027

The global pouches market size is expected to reach USD 53.9 billion by 2027, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn expected to benefit the market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pouches-market

Further key findings from the study suggest:

The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need of refrigeration and thus proves to be cost-efficient
The stand-up type segment is expected to witness a highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration organized retail
The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

PVA Films Market Size Worth $530.5 Million By 2027

The global polyvinyl alcohol films market size is anticipated to reach USD 530.5 million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.4% over the forecast period. High demand for sustainable packaging on account of its ability to laid aid in reducing landfills and compliance with stringent regulations related to packaging along with safety, performance, and convenience are the factor expected bode well for the market growth.

Polyvinyl alcohol film is widely utilized as an environment-friendly polymer and has contributed significantly to the growth of sustainable packaging industry. Increasing government initiatives to support green packaging is also expected to be key driving factor for the PVA films market. However, volatile raw material prices are expected to be a key challenge for the growth over the forecast period.

Increasing global population, coupled with growing disposable income is offering high Purchase Power Parity (PPP) that has resulted in an improved standard of living is resulting in adoption of services such as laundry services. The bags used in laundries are mostly manufactured using PVA films as it becomes easier for the disposal. As a result, the booming laundry service industry is projected to contribute to the steady growth of polyvinyl alcohol (PVA) films market.

Growing hygiene consciousness among consumers coupled with rising standard of living is propelling demand for detergents. In addition, growth witnessed by the hospitality industry is also contributing significantly to the production of detergents. This, in turn, supplementing overall demand for PVA films in the detergent packaging industry.

Agrochemical packaging is one of the key driver for the market. Agrochemicals such as pesticides, herbicides, insecticides, fertilizers and other chemicals are witnessing augmented demand in agricultural sector. Thus, creating lucrative growth opportunities for polyvinyl alcohol films during the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-films-industry

Further key findings from the report suggest:

Detergent packaging emerged as the prominent product segment and accounted for more than 36% of total market revenue in 2019
In United States, demand for PVA films in the detergent packaging applications was valued at USD 39.29 Million in 2019. Demand for detergent packaging is primarily driven by growing penetration of automatic washers in the country
Prominent players operating in the market are Nippon Synthetic Chemical Industry Co., Ltd., Kuraray Co., Ltd., and Sekisui Chemical Co., Ltd.