Structural Adhesives Market To Witness Swift Growth Owing To Enhanced Demand In Consumer Appliances Sectors Till 2022

Global structural adhesives market is expected to reach USD 23.42 billion by 2022, according to a new study by Grand View Research, Inc. Increasing automotive production particularly in emerging markets of China, India, Brazil and Mexico is expected drive the global structural adhesives market. Rigid bonding applications such as window glazing, wood panels and decorative trims require structural adhesives for fast setting and load bearing purposes. Industrialization and urbanization are expected to drive construction industry growth in emerging as well as developing nations, which further prompts structural adhesives demand.
Water-based structural adhesives accounted for over 55% of the overall market volume in 2014. Increasing regulatory intervention from environmental agencies regarding VOC presence in solvent-based adhesives has positively impacted water-based structural adhesives demand. Additionally, its superior drying rate and semi-flexibility post drying are major factors contributing towards their increasing demand in joint cements, wall coverings, household appliances and automotive assembly applications. It is also expected to witness the highest growth of 6.9% from 2015 to 2022.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/structural-adhesives-market

Further key findings from the study suggest:

·         Global structural adhesives market demand was 5,158.3 kilo tons in 2014 and is expected to reach 8,243.8 kilo tons by 2022, growing at a CAGR of 6.8% from 2015 to 2022.

·         Urethanes were the leading product segment and accounted for over 60% of the overall market volume in 2014. Urethane adhesives are primarily used for plastic adhesion in various rigid bonding applications. Increasing incorporation of plastics and composites in automotive components is expected to drive its demand over the forecast period. Cyanoacrylic adhesives are expected to witness the highest growth of 8.5% from 2015 to 2022.

·         Major structural adhesive applications include transportation and construction which collectively accounted for over 45% of the total market volume in 2014. Positive outlook on automotive industry coupled with increasing construction spending particularly in China, India and Indonesia is expected to drive this segment over the forecast period. Adhesives with organic solvent composition are gaining acceptance in medical devices. Additionally, niche application segments such as industrial machinery and packaging are anticipated to register significant structural adhesives demand over the forecast horizon.

·         Asia Pacific was the largest regional market and accounted for 45.0% of total consumption in 2014. Major structural adhesive consumers in the region include China and India which together accounted for over 55% of the regional market volume in 2014.

·         Global structural adhesives market is concentrated in nature with small scale companies catering to application specific end-use markets. Product pricing, partnership agreements and R&D in product innovation are expected to maintain competitiveness in the market. Major industry participants include SIKA, Arkema AG, 3M Company, The Dow Chemical Company, Ashland Inc., Henkel AG & Co., and Lord Corporation.

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For the purpose of this study, Grand View Research has segmented the global structural adhesives market on the basis of technology, product, application and region:
Global Structural Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
    • Water-based
    • Solvent-based
    • Others
Global Structural Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
    • Urethanes
    • Epoxy
    • Acrylic
    • Cyanoacrylic
    • Others
Global Structural Adhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
    • Transportation
    • Construction
    • Consumer Appliances
    • Furniture
    • Others
Global Structural Adhesives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
    • North America
            o U.S.
            o Canada
            o Mexico
    • Europe
            o UK
            o Germany
            o France
    • Asia Pacific
            o China
            o Japan
            o India
            o South Korea
    • Central & South America
            o Brazil
    • Middle East & Africa

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Dimer Acid Market Is Anticipated To Grow Rapidly Owing To Increasing Usage Of Nonreactive Polyamide Resins For Printing Inks And Paper Coatings Till 2024

The global dimer acid market is expected to reach USD 2.30 billion by 2024, according to a new report by Grand View Research, Inc. Growing consumption of polyamide resins in marine coatings is a major growth driving factor over the forecast period. Increasing oilfield chemicals demand which uses dimer acid as feedstock owing to rising drilling activities to meet excess energy demand is also expected to drive the demand growth.
Asia Pacific and Latin America are expected to witness brisk growth owing to increasing construction activities in the regions. Emerging economies such as China and India along with Southeast Asia have been witnessing significant construction spending due to urbanization and industrial growth.
The industry faces challenges in terms of raw material availability. The fatty acid production which is largely done through vegetable oils has been facing high demand from food & biofuels industries, therefore tightening its supply for production of dimer acid.
Another challenge market participants face is the low biodegradation rate of products made of these acids. Considering increasing importance for recyclability of materials, development of novel technologies to tackle the issue is crucial for development prospects.
Reactive polyamide resins segment was the dominant application accounted for over 40% of the overall volume in 2015. High demand for epoxy, marine and flooring coatings to drive the segment growth at a CAGR of 4.3% from 2016 to 2024.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/dimer-acid-market

Further key findings from the report suggest:

·         Global dimer acid market demand was 467.4 kilo tons in 2015 and is expected to reach 671.7 kilo tons by 2024, growing at a CAGR of 4.0% from 2015 to 2024

·         The nonreactive polyamide resin is expected to exhibit considerable growth accounting for over 40% of total market volume by 2024. The increasing use of nonreactive polyamide resins, which are based on dimers, for printing inks and paper coatings, is anticipated to boost application segment growth over the forecast period.

·         Asia Pacific was the dominant regional market with demand share exceeding 38% in 2015. Economic growth coupled with increasing migration has resulted in increasing sustainable infrastructure needs thereby facilitating demand for dimer acid based reactive polyamide resins. Increasing compliance of producers with stringent EU regulations to positively impact demand in the Eurpoen market

·         Some of the key players operating in global dimer acid market include BASF, Arizona Chemicals, Emery Oleochemicals, Aturex Group, Croda International, Anqing Hongyu Chemicals Co. Ltd., Florachem Corp., Nissan Chemical America Corp., Novepha Co. Ltd., Harima Chemicals and Oleon N.V.

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Grand View Research has segmented the dimer acid market on the basis of application and region:
Global Dimer Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

·         Nonreactive Polyamide Resins

·         Polyamide Resins

·         Oilfield Chemicals

·         Others

Global Dimer Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

·         North America

·         U.S

·         Europe

·         Germany

·         UK

·         Asia Pacific

·         India

·         China

·         Central & South America

·         Middle East and Africa

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UV Curable Inks Market To Witness Rapid Growth Based On Increasing Demand In Multiple Printing Applications On Account Of Superior Characteristics As High Bonding Qualities Till 2024

The global UV curable inks market is expected to reach USD 5.13 billion by 2024, according to a new report by Grand View Research, Inc. Ultraviolet curable inks are increasingly substituting various solvent-based inks in automotive, packaging and publishing applications owing to low environmental impact and high performance efficiency.
Technological innovations related to the use of UV LED systems to enable curing of inks are expected to enhance quality, which in turn is expected to propel demand over the forecast period. Additionally, efficient air-cooling techniques have also lowered the amount of technological infrastructure and equipment required to support the curing process, thus saving energy and improving cost efficiency.
Growing demand for inks in printing application is expected to be the key driver for UV curable ink market over the forecast period. Furthermore, faster drying times coupled with high saturation properties of the product enables use over rigid surfaces, thus promoting application in printing. However, the high cost of the product as compared to its counterparts is likely to restrain market growth over the next eight years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/uv-curable-inks-market

Further key findings from the report suggest:

 ·         Free radical UV curable inks accounted for over 90% of the revenue share in 2015.High flexibility coupled with increased depth of cure and low cost are expected to drive demand over the next eight years. However, the growth is limited by the emergence of cationic technology providing improved adhesion properties as compared to free radical inks.

·         Publication application of ultraviolet curable inks accounted for the largest revenue share in 2015, and this trend is expected to continue over the forecast period owing to rising need for environment-friendly ink in this sector. However, growing electronic content replacing publication printing is likely to limit growth over the forecast period.

·         Packaging industry application in the market is expected to witness the fastest growth, at a CAGR of over 12% from 2016 to 2024. Growing demand for low migration UV cured inks in food& beverage as well as other consumer goods packaging is likely to augment growth over the projected period. Furthermore, stringent regulations restricting the use solvent based inks in packaging application owing to its VOC content is expected to promote demand for UV curable inks.

·         Asia Pacific accounted for the largest revenue share, of over 50% in 2015. The region is also expected to witness the highest growth, owing to rising demand for publication and packaging. Furthermore, rising demand for medical device manufacturing technology is expected to augment growth over the forecast period.

·         Key players in the industry include Hewlett & Packard Company, RUCO Druckfarben,Toyo Ink SC Holdings Co., Ltd., T&K Toka Corporation, NUtec Ink, Marabu Co., Mimaki Global, Superior Printing Inks, Armstrong World Industries Inc., Heraeus Noblelight, Bordeaux Digital Printink, Roland DGA, Changzhou Dobest International Trading Co. Ltd.

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Grand View Research has segmented the UV curable inks market on the basis of product, application and region:

UV Curable Inks Market Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Free Radical
• Cationic

UV Curable Inks Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Automotive
• Medical
• Publications
• Packaging
• Others

UV Curable Inks Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Middle East & Africa

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Fructooligosaccharides (FOS) Market Size Was Estimated At 134.0 Kilo Tons In 2015 And Is Expected To Reach $3.52 Billion By 2024: Grand View Research, Inc.

The global fructooligosaccharides (FOS) market is expected to reach USD 3.52 billion by 2024, according to a new report by Grand View Research, Inc. Increasing consumption of functional food in North America and Europe is expected to drive the market over the next eight years.
Rising use of FOS combinations with probiotic strains including synbiotics in products such as bakery, chocolates, fat reduction creams and drinking yogurts is expected to have a positive impact on the market over the next seven years. In addition, rising demand for dietary products in Asia Pacific is expected to propel industry growth over the forecast period.
Increasing consumer awareness regarding the occurrence of chronic diseases such as rickets and diabetes is expected to augment product need over projected period. The introduction of novel manufacturing techniques using highly efficient purification systems, recombinant enzymes, new substrates and enzyme engineering are being used to reduce cost. This is expected to increase market penetration of the product over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/fructooligosaccharides-market

Further key findings from the report suggest:

·         Inulin was the second largest source used for the manufacturing of fructooligosaccharides accounting for over 40% of the global market volume. The product is being increasingly used in functional food & beverages which are expected to drive market growth. Growing demand for FOS in infant formulation and nutritional food products particularly in Europe on account of various health benefits such as its use as an appetizer and improvement of mineral absorption is expected to be the primary factor for rising demand.

·         The global fructooligosaccharides demand in infant formula was 64.0 kilo tons in 2015. Technological advancements in product manufacturing for use in infant formulations has been increasing over the past few years. Presently, fermentation is the major technology being used by numerous players on account of its cost-effectiveness.

·         Asia Pacific is expected to be the fastest-growingregion at a CAGRof14.0% from 2016 to 2024 in terms of revenue. Rising population, high mortality rate, increasing disposable income, and rising consumer awareness regarding health benefits of the product is expected product demand in Asia Pacific. Increasing concern regarding chronic diseases led to high demand for functional food & beverages which are expected to ultimately augment FOS need over the next eight years.

·         The presence of a large number of manufacturers has led to high competition in the market. Companies have been involved in research for developing technologies for large-scale production of FOS. The high cost is a major issue being faced by market players and is expected to challenge industry growth over the forecast period.

·         In May 2015, BENEO group introduced Orafti Synergy1, which helps improve appetite regulation and decreases food intake in overweight and obese children. In October 2015, Cargill announced the closure of its plant in Lititz, Penn. It aims to shift production to Canada by the end of 2016 to improve and expand its chocolate offerings and services for food & beverage companies.

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Grand View Research has segmented the global FOS market on the basis of source, application and region:
FOS Source Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

·         Inulin

·         Sucrose

FOS Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

·         Food & beverages

·         Infant formulations

·         Dietary supplements

·         Animal feed

·         Pharmaceuticals

FOS Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         Asia Pacific

·         China

·         India

·         Japan

·         Latin America

·         Brazil

·         MEA

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