Spray Adhesives Market Size Worth $8.08 Billion By 2025

The global spray adhesives market size is expected to reach USD 8.08 billion by 2025, growing at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Asia Pacific is estimated to depict a high industry growth during the forecast period. China, and India are the major countries that are likely to create a positive impact on spray adhesives demand by 2025.

Hot melts is one of the major product segments of the industry. These products are consumed in numerous applications owing to their superior performance attributes. They have good adhesion properties and can be bonded on a wide number of substrates that include rubbers, metals, glass, ceramics, plastics, and wood.

Power Adhesives UK offers Spraytec hot melt spray glues for temperature-sensitive material applications including plastic foams and films. These products offer a broad area of adhesion and enhance bond strength especially for weak substrates.

The packaging sector is one of the major applications of hot melt spray glues, wherein the products are incorporated in carton sealing, paperboard carton and corrugated box assembly and labeling. The 3M Company offers an extensive product portfolio of hot melt glue products that are characterized by good shear strength, quick drying rates, and high flexibility.

Robust automotive industry growth in India is a significant driving factor that is expected to enhance the product consumption in the next couple of years. Owing to the ‘Make in India’ initiative, the manufacturing output of commercial and passenger vehicles is slated to increase in the future. This in turn is estimated to propel the use of fast dry and high tack glues for use in automotive interior components over the years ahead.

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http://www.grandviewresearch.com/industry-analysis/spray-adhesives-market

Further key findings from the report suggest:

In terms of revenue, the packaging segment is expected to rise at a CAGR of 5.3% over the forecast period. This application segment constituted a revenue share of 21.0% in 2016.
Technological breakthrough in the field of hot melts and low VOC waterborne formulations is estimated to offer lucrative growth prospects in the industry by the end of 2025
China is likely to witness high growth in terms of product demand over the years ahead. Government initiatives in promoting the international trade of specialty chemicals coupled with increasing infrastructure activities to boost the demand for building materials including glues, sealants, and composites.
Companies are aiming at achieving optimum business growth through fully integrating their business operations across the product value chain. For instance, The Dow Chemical Company is engaged in manufacturing spray adhesives as well as its raw materials along with its end-products such as polyurethane foams
In January 2017, H.B. Fuller Company acquired the industrial adhesive business assets of Wisdom Worldwide Adhesives. This strategic acquisition is expected to strengthen the company’s market position and benefit it in gaining access of the latter’s application sectors including product assembly, packaging, and paper processing.
In March 2017, Ashland launched two new solvent based glues named Aroset™ PS-6426 and Aroset™ PS-5333 for pressure sensitive applications

Flat Glass Market Size Worth $202.9 Billion By 2027

The global flat glass market size is expected to reach USD 202.9 billion by 2027, growing at a revenue-based CAGR of 7.3%, according to a new report by Grand View Research, Inc. The market is expected to grow on account of increasing product demand from the global construction sector.

The architectural segment held the major share of the market in 2019 and this trend is anticipated to continue over the forecast period. The product is extensively used in the architecture industry in applications such as windows, partitions, and facades. The product is currently witnessing massive penetration in facades of commercial buildings owing to its aesthetic appeal.

The global demand for the product is largely driven by the growth of the construction industry, which also accounts for the largest consumption in terms of volume. However, since the past few years, rapid penetration of solar power in various parts of the world has played a major role in triggering industry growth.

Asia Pacific dominated the market in 2019, in volume terms with a share of 62.5%. The region accounts for the largest share in the global construction industry, with China being the leader. Besides China, India, Indonesia, and Malaysia are predicted to experience considerable growth in the construction industry, thereby fostering market growth in the region.

Besides Asia, Middle East and Africa is also predicted to witness considerable growth owing to an encouraging paradigm shift in their construction sector. Saudi Arabia and UAE are the key players leading the construction spending of the region. Recent trend indicates that Saudi Arabia and UAE governments are shifting their focus from the oil and gas industry to the development of more diversified economy with implementation of various construction projects related to tourism, infrastructure, residential, and commercial buildings. This is expected to provide a lucrative platform for market growth.

The major players in the market include AGC Inc.; Saint Gobain; Sisecam Group; and Guardian Industries. In emerging economies of Asia Pacific, the market is highly fragmented in nature, with major players operating in an organized sector at a global level, while large number of small to medium sized unorganized players are catering at a regional level. For instance, the organized sector accounts for 55% of India’s overall flat glass consumption while the remaining 45% is constituted by the unorganized sector.

Flat glass companies are now expanding their business in Middle East and Africa and Asia Pacific as these regions are relatively untapped and therefore represent significant growth opportunities. For instance, in March 2018, the joint venture between AGC Automotive Middle East and Africa and Induver Morocco initiated the construction of its new production plant to provide flat glass products for the region’s booming automotive industry.

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https://www.grandviewresearch.com/industry-analysis/global-flat-glass-market

Further key findings from the report suggest:

Asia Pacific dominated the flat glass market in volume terms with a massive share of 62.5% in 2019 and is estimated to maintain its dominance over the coming years. Southeast Asia, India, and China are the major economies that are estimated to drive future growth in the region
The architectural segment is expected to witness a CAGR of 7.7% from 2020 to 2027, in terms of revenue, on account of booming construction sector in Asia Pacific and Middle East
The insulated segment dominated the market in revenue terms, with a share of 30.2 % in 2019. It is poised to witness considerable growth on account of rising demand for energy efficient low-e and solar control insulated flat glass for windows
The tempered segment is expected to witness a CAGR of 7.2%, in terms of volume from 2020 to 2027 owing to increasing consumer preference for toughened flat glass
In June 2018, AGC, Inc. and Ubiquitous Energy announced about their strategic development agreement to develop transparent and neutral solar coating for making electricity-producing windows. AGC, Inc. will provide environment-friendly flat glass solutions to the company.

Precast Concrete Market Worth $145.91 Billion By 2027

The global precast concrete market size is expected to reach USD 145.91 billion by 2027, according to a new report published by Grand View Research, Inc. It is expected to exhibit a revenue-based CAGR of 6.3% during the forecast period. Rising awareness regarding the superior quality and convenience offered by the product is expected to aid the growth.

Key industry participants are involved in technological innovations for developing new products in order to consolidate their market position. Rising consumer demand for high-quality products are projected to open up growth avenues for the new market entrants during the forecast period.

Asia Pacific is anticipated to remain the key regional market for precast concrete, due to the significant economic growth of the region. In addition, the presence of huge construction industry in China and India is anticipated to provide a large market for precast concrete products.

Manufacturers focusing on producing quality precast products to meet rising consumer demand for precast concrete. High competition in the residential and nonresidential construction sector has compelled market players to implement superior and low maintenance yet cost-effective solutions to gain a competitive edge.

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https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Further key findings from the report suggest:

Structural building components has emerged as the largest product segment and accounted for 36.3% of the market revenue share in 2019, on account of its rising use in affordable housing projects
Infrastructure is expected to witness the fastest CAGR of 6.9% over the forecast period, owing to increase in spending by various governments for development of public infrastructure
Asia Pacific accounted for the largest market share in 2019 and is expected to reach USD 67.0 billion by 2027, owing to factors such as rapid urbanization, industrialization, and rising infrastructural development
Highly developed economy, growing construction spending combined with highly skilled workforce and growing R&D initiatives to encourage innovative products are the factors expected to aid the product demand in U.S reaching USD 16.12 billion in 2019
Precast concrete market key players are focusing on expanding their business in emerging economies in Asia Pacific to increase their footprint in high potential markets

Polyvinyl Chloride Market Size Worth $79.11 Billion By 2020

The global polyvinyl chloride market size is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc. increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global polyvinyl chloride (PVC) demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry. Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

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http://www.grandviewresearch.com/industry-analysis/polyvinyl-chloride-pvc-market

Further key findings from the study suggest:

Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

Acoustic Insulation Market Size Worth $16.55 Billion By 2025

The global acoustic insulation market size is expected to reach USD 16.55 billion in 2025, according to a new report by Grand View Research, Inc. Increasing standard of living, awareness regarding the effect of noise pollution on human health and stringent regulations have been driving the global market so far.

Market growth will probably be driven by consumer needs and initiatives, while favorable regulations are also expected to play a crucial role in shaping the industry. Technological advancements in construction, industrial processing, and transportation industries will play a significant role in acoustic insulation market growth over the forecast period.

Increasing competition in automotive manufacturers to produce acoustically insulated luxury vehicles has taken the game far ahead. Aerospace and marine industries have been trying to isolate occupants from airborne and impact noises. Consumer demand for quieter and insulated cabins in vehicles and airplanes will probably help the segment growth over the forecast period.

Building & Construction has traditionally been using sound insulating materials to maintain a peaceful environment for the occupants. Penetration in the sector is primarily driven by regulatory mandates to control noise transmission level, especially in the U.S. and Europe. However, sluggish construction industry growth in Europe has inhibited the market growth in the past and the impact is expected to be seen over the forecast period as well.

Asia Pacific is the dominant market, and the demand has been driven by growing construction as well as transportation sectors. Europe closely follows Asia Pacific to be the second largest market for acoustic insulation products. Regional demand is driven by stringent regulations regarding the airborne, appliance and impact noise. Apart from regulations on noise at source, EU regulates noise transmission levels inside dwellings as well.

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http://www.grandviewresearch.com/industry-analysis/acoustic-insulation-market

Further key findings from the report suggest:

Rock wool emerged as the leading product segment with demand share exceeding 40% in 2015. Higher sound insulation, environment-friendly nature, and low prices have been responsible for the market penetration.
Foamed plastic is expected to be the fastest growing product segment with revenue growth of 6.2% from 2016 to 2025. Better acoustic properties, ease of installation in addition to the dual benefits of acoustic as well as thermal insulation offered are expected to trigger the product demand.
Building & construction dominates the market with a volume share exceeding 55% in 2015. Regulations and consumer demand mainly drive segment penetration.
Asia Pacific acoustic insulation demand expected to grow at an estimated CAGR of 6.2% from 2016 to 2025. Growing transportation as well as construction sectors in the region will probably trigger the market growth.
Expansion and acquisition to emerge as the critical factor for expanding the regional presence. Key companies operating the market include Rockwool International, Saint-Gobain, Knauf Insulation, BASF, Owen Corning Corporation, Johns Manville and Kingpan Group

North America Cold Chain Market Size Worth $118.51 Billion By 2025

The North American cold chain market size is anticipated to reach USD 118.51 billion by 2025, according to a new report by Grand View Research, Inc. Advancements in packaging methods that are used for crops have become essential, owing to the expansion of trade over the past years. As per the Food and Agriculture Organization of the United Nations, over 20% to 40% of the total production of fruits and vegetables is accountable for post-harvest losses. Materials used for packaging play a significant role in enhancing shelf life.

Cold chain providers are implementing IT solutions that adhere to the IT security guidelines laid by international organizations, such as National Institute of Standards & Technology, and other regulations framed by government organizations such as the U.S. Food and Drug Administration, WHO, and EU regulations for food and drug safety. Foreign direct investment in the cold chain market are anticipated to help the service providers in importing advanced technologies, improving management techniques, and accessing international markets.

The U.S. cold chain systems are well-developed, owing to the growing investments, and offer high-quality of products to the consumers. The U.S. Department of Agriculture (USDA) and Food and Drug Administration (FDA) have set various requirements and standards to ensure safety & integrity of food products for meeting the demands of consumers, various businesses, and regulators.

Advancements in transportation technologies have led to considerable changes in transport modes. For instance, flowers are now transported to the U.S. via ocean, rather than relying on expensive air transportation. Increasing government investments in intelligent transportation systems and implementation of regulations in telematics (to enable smart traffic management) are anticipated to spur the telematics application in fleet management.

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http://www.grandviewresearch.com/industry-analysis/north-america-cold-chain-market

Further key findings from the report suggest:

The growing investment for developing the cold chain market are anticipated to drive the industry demand
The transportation segment is anticipated to have significant growth rate over the forecast period with a CAGR of 8.3%
Air transportation is a heavily-relied mode of cold transportation and is used for high-value items such as bioengineered drugs
The fruits & vegetable application segment is anticipated to have considerable growth over the forecast period
Americold Logistics (U.S.) is the largest cold storage firm in the U.S. with a capacity of 1.1 billion cubic feet
The key players in the North American cold chain market include Cloverleaf Cold Storage (U.S.), Wabash National Corporation (U.S.), and AGRO Merchants Group (U.S.)