COVID-19 Impact on Medical Tubing Market worth $2.9 billion by 2021

The report “COVID-19 Impact on Medical Tubing Market by Material (PVC, TPE & TPU, Polyolefin, and Silicone), Application (Drug Delivery, Bulk Disposable Tubing, Catheters & Cannulas, and Special Applications) and Country – Forecast to 2021″, size is expected to grow from USD 2.6 billion in 2020 to USD 2.9 billion by 2021, at a CAGR of 13.2% during the forecast period. The major factors driving the medical tubing industry include increasing demand from various applications such as drug delivery and growing usage in ventilators.

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The medical tubing industry has been segmented based on material into silicone, PVC, TPU & TPE, polyolefin, and others. The silicone segment accounted for the largest share of the market in 2020. Silicone is in high demand from various medical applications because of its versatility, high dielectric strength, and semi-permeability to certain materials, making it useful for use in drug-eluting applications.

The market has been segmented based on application as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. The drug delivery segment dominates the market in 2020 and is expected to witness significant growth during the forecast period. The growth in this segment is attributed to the growing usage of medical tubes as a device or channel of delivery in drug delivery systems. The demand for drug delivery system is increasing due to the rising incidence of COVID-19 cases, globally. The market is also influenced by growing COVID-19 infection in people having existing medical conditions such as asthma and diabetics. There is considerable growth in the demand for drug delivery devices and equipment such as nasogastric tubes, nebulizers, spacer devices, and others. These factors are expected to drive the demand during the forecast period.

US expected to have the largest market for medical tubing during the forecast period
The US is projected to be the leading medical tubing market during the forecast period. The growth in the US can be attributed to the rising demand for medical tubing applications such as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. The presence of a robust industrial base, favorable government policies, and large number of established players for medical tubing in the country are strengthening the medical tubing industry in the country.\

Zeus Industrial Products (US), Saint Gobain Performance Plastics (France), Teleflex (US), Optinova (US), and Lubrizol Corporation (Vesta) (US), among others, are the key players operating in the medical tubing market.

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APAC is the key region in Methyl Tertiary Butyl Ether Market

Global methyl tertiary butyl ether (MTBE) market is projected to reach USD 18.99 Billion by 2022, at a CAGR of 4.8%. The use of MTBE as oxygenate is rising rapidly in Asian and Middle Eastern & African countries due to environmental restrictions to curb air pollution.

Major applications in the MTBE market are gasoline and others. Others include high purity isobutene and medical intermediates. Gasoline is the largest application of MTBE, in terms of value. MTBE has been used in gasoline since 1979 due to environmental and health concerns. The use of MTBE as gasoline additive mainly started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). The significant volume of MTBE consumption in gasoline is driving the demand for MTBE in the gasoline application. Rapidly increasing vehicle fleets especially in emerging economies and increasing urbanization is driving the demand for MTBE in the gasoline segment.

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This can be attributed to the high demand for gasoline from APAC, Middle East & Africa, and Latin American countries such as China, Saudi Arabia, and Mexico. The MTBE market has witnessed several changes in the past few decades. The use of MTBE as oxygenate has been completely banned in the US after 2006 due to the contamination of groundwater. MTBE, as oxygenate, is being replaced by Ethanol and ETBE in Japan, Brazil, and some Western European countries due to certain environmental and legal regulations. The CAGR of other applications of MTBE, such as high purity isobutene and medical intermediates is increasing at rates well above global GDP.

Rapid economic expansion and increase in foreign direct investment in countries, such as China and South Korea, the MTBE market is expected to grow significantly during the next five years. Most of the countries in the APAC region are emerging and cannot afford costly oxygenates, such as Ethanol and ETBE, due to which there are no restrictions on blending MTBE with gasoline in the region. Some of the world’s largest MTBE producers, such as Sinopec (China), China National Petroleum Corporation (China), and Petronas (Malaysia) are headquartered in the APAC region. China is the largest consumer of MTBE and also has the highest production capacity in the world.

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Key Findings in the Global Digital Inks Market

Digital printing involves printing from a digital image directly onto a media/substrate. It requires less turnaround time and allows mass customization and on-demand printing. Digital printing inks consist of a pigment suspended in a carrier liquid, which can be water or a solvent. These links are used in a variety of applications, such as advertising, ceramic printing, textile printing, label printing, and others. Presently, digital inks are most widely used in the advertising & promotion application. The digital inks market is estimated to be USD 2.71 Billion in 2018 and is projected to reach USD 4.17 Billion by 2023, at a CAGR of 9.1% from 2018 to 2023.

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India will be the fastest growing market for digital inks till 2023
India is the third-largest economy in the Asia Pacific region, in terms of purchasing power parity. According to the World Bank, the GDP of India was USD 2.264 trillion in 2016. The retail sector is one of the fastest-growing sectors in India. This sector is driven by the expanding economy, increasing consumption rates, urbanization, and a growing middle-class population. The growth of organized retail, unorganized retail, and e-commerce is thus expected to fuel the demand for digital inks in advertising & promotion and packaging applications.

OEMs are looking for new and innovative ways to promote their brands using banners, vehicle wraps, and point-of-purchase displays, which can be easily produced in large quantities using digital printers. According to India Brand Equity Foundation (IBEF), India is a lucrative destination for foreign investments in the manufacturing industry.

The construction industry in India is expected to witness significant growth, owing to favorable initiatives undertaken by the Indian government to promote construction activities. Additionally, increased investments in infrastructural projects are expected to expand the construction industry in India, subsequently driving the growth of the digital inks market in this country.

The digital inks market is witnessing a steady growth rate in North America
The North America digital inks market is driven by technological advancements in the packaging and textile industries. Increasing sales of consumer durables, high disposable income, and increasing demand for packaged foods are factors driving the demand for digital inks in packaging. Advertising & promotion is the largest application of the digital inks market in North America. Increasing expenditure on advertising in the US is driving the advertising & promotion segment of the North America digital inks market.

Factors such as the shift from traditional printing to color printing, shorter print runs, tighter deadlines, and the need for a faster turnaround in the graphics business are driving the North America digital inks market. The digital inks market in the US is matured, with a steady growth rate.

Key players operating in the digital inks market include Sun Chemical (US), INX International Ink (US), Toyo Ink SC Holdings Co. (Japan), JK Group (Italy), and Nazdar Company (US), among others. These companies focus on enhancing their product portfolios to grow in the digital inks market.

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Europe is estimated to be the largest market for GFRG (Glass Fiber Reinforced Gypsum) Market

GFRG (Glass Fiber Reinforced Gypsum), also known as GRG, is a multi-layered composite composed of continuous strand fiberglass mats embedded in a high-density matrix made of alpha gypsum cement plaster. GFRG used as panels comprise chopped glass fibers commonly known as Rapidwall/Gypcrete in the construction industry. GFRG can also be used as pre-cast molds that can be customized into a multitude of finishes, textures, and shapes according to the requirement. They are used in interior as well as exterior applications. Interior application of GFRG include lightweight load bearing, cladding, partition walls, ceilings, ceiling coffers, vault, shaft walls, light covings, and others. Exterior applications include compound walls, sidewalls, wall cladding, and load bearing. The end-use industry for GFRG includes residential and non-residential construction industries. The non-residential industry includes religious places, airports, hospitals, gaming, transportation, casinos, educational institutes, etc. The GFRG(Glass Fiber Reinforced Gypsum) market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0%.

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Europe is the largest market for GFRG, in terms of value and volume. The growth of the GFRG market in Europe can be attributed to the presence of leading GFRG manufacturers, such as Knauf Danoline (Denmark), Gillespie (UK), and the growth of the building & construction industry in the region. Additionally, the increase in the number of residential and non-residential construction activities in various European countries is contributing to the growth of the Europe GFRG market.

Gillespie (UK) is one the leading market players who have worked on various projects across the globe. They are known for their product Zerodec GRG, which is majorly used for interior applications. They have worked on numerous projects such as Venetian, Macau (China), Oita Public Library (Japan), Hilton Hotel (Singapore), Hyatt Regency Hotels (Saudi Arabia), Royal Ascot Racecourse (UK), and several such popular buildings built by the company using GFRG. The company has a strong presence in different parts of the globe. Recently, the company has started working on various projects in different parts of the MEA.

Knauf Danoline (Denmark) is a major player in the GFRG market. The company is focused on expanding its product portfolio and gaining a competitive edge over other players in the GFRG market.

GFRG has good strength, good temperature resistance, and ease of rapid construction. However, the requirement of all the properties, such as high strength and good temperature resistance in building products increases their need in the construction industry. Hence, the increase of construction projects is one of the most significant factors projected to drive the GFRG market.

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Asia Pacific to lead the glass flake coatings market due to growth in the shipbuilding and chemical manufacturing industries

Glass flake coatings are advanced coatings with improved corrosion and abrasion resistance, and strong impermeability barrier resistance for chemicals and solvents. Glass flake coatings provide superior protection to steel and concrete substrates in the marine, oil & gas, chemical & petrochemical, power plants, and paper & pulp industries. The global glass flake coatings market size is estimated at USD 1.44 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, growing at a CAGR of 4.48%.

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The Asia Pacific region is expected to be the largest market for glass flake coatings mainly due to the rapidly-growing economies of China and India in the region. Manufacturers of glass flake coatings are targeting this region as the shipbuilding and chemical industries in the region are the largest. The China glass flake coating market has grown rapidly in recent years and is projected to witness high growth in the near future, due to a large number of established shipbuilding and chemical industries in the country. Countries such as India, Indonesia, and Australia are making significant developments in marine and chemical & petrochemical projects, which is anticipated to propel the growth of the glass flake coatings market in these countries.

This, along with the low cost of production and availability of cheap labor, has caused various chemical companies in the market to shift their production bases to the Asia Pacific region. Also, the global shipbuilding industry, a major end-user of epoxy-based glass flake coatings, is led by Asia Pacific—particularly by China, South Korea, and Japan due to the presence of the top five shipbuilding groups in the region.

The increase in global trading has forced the marine industry to invest in various shipbuilding projects. These projects have increased the demand for novel coating solutions for the protection of marine vessels and structures from corrosion, fouling, abrasion, salt water, air, and UV degradation.  Glass flake coatings reduce the effects of the abrasive & corrosive environments steel substrates are mostly used in, thereby increasing their durability.

Key Target Audience:

• Manufacturers of glass flake coatings
• Raw material suppliers
• End-users of glass flake coatings, such as the oil & gas, marine, and chemical & petrochemical industries
• Traders, distributors, and suppliers of glass flake coatings
• Regional manufacturer associations and various general coatings associations
• Governments, investment banks, venture capitalists, and private equity firms

Key manufacturers of glass flake coatings include Akzo Nobel (Netherlands), PPG Industries (US), Jotun (Norway), Hempel (Denmark), Chugoku Marine (Japan), The Sherwin-Williams Company (US),  KCC Corporation (South Korea), Nippon Paint (Japan), Kansai Paint (Japan), and RPM International (US).

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Attractive Opportunities in Aroma Ingredients Market

The report “Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023″, The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.

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• Objectives of this Study on the aroma ingredients market are as follows:
• To analyze and forecast the size of the aroma ingredients market, in terms of value
• To provide detailed information regarding the major factors, such as drivers, restraints, and opportunities influencing the growth of the aroma ingredients market
• To define, describe, and forecast the aroma ingredients market based on type, application, and region
• To forecast sizes of different segments of the market in 5 major regions, namely, APAC, Europe, North America, the Middle East & Africa, and South America and their respective key countries
• To analyze the markets with respect to individual growth trends, prospects, and their contribution to the overall aroma ingredients market
• To analyze opportunities in the aroma ingredients market for stakeholders by identifying the high-growth segments of the market
• To track and analyze competitive developments, such as acquisitions, new product launches, agreements, and expansions in the aroma ingredients market
• To strategically profile the key players operating in the aroma ingredients market and comprehensively analyze their growth strategies

The key market players profiled in this report include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

The Target Audiences for the aroma ingredients market report are:

• Manufacturers of Aroma Ingredients
• Raw Material Suppliers
• Investment Banks
• Distributors of Aroma Ingredients
• Government Bodies

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

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Polyamide 6 is the most widely used glass filled nylon

Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, Polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon widely used in the automotive and electrical & electronics industries.

The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.

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The optimum mix of properties of both polyamide resin and glass fiber, makes 30% glass filled nylon suitable for use in the automotive industry. It also provides high strength and rigidity. Several global glass filled nylon manufactures such as EMCO Industrial Plastics, Inc and Nylatech provide high grade 30% glass filled nylon.

Key Questions Addressed by the Study

• What are the major end-use industries of glass filled nylon?
• Which industry is the major consumer of glass filled nylon?
• Which region is the largest and fastest-growing market for glass filled nylon?
• What are the major types of glass filled nylon?

APAC is a key glass filled nylon market due to the booming electrical & electronics and industrial sectors. China is one of the key consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry and is expected to strengthen its market position.

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The glass filled nylon market comprises major manufacturers such as BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).

APAC is expected to account for the largest market for Healthcare Adhesive Tapes

APAC has emerged as the leading consumer and producer of healthcare adhesive tapes. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, thereby increasing the production of healthcare adhesive tapes in the region. The market in APAC is mainly driven by China, which is the leading consumer of healthcare adhesive tapes, globally.

India is expected to be the fastest-growing healthcare adhesive tapes market in APAC during the forecast period. The Indian healthcare & hygiene sector is witnessing a phase of rapid transformation and growth, mainly driven by infrastructure development, changing lifestyle and buyers’ preferences. This is expected to drive the healthcare adhesive tapes market in the APAC region. Many international companies are investing in China and India to cater to the market demand.

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The healthcare adhesive tapes market is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. The major factor driving the healthcare adhesive tapes market includes the increase in demand for surgeries, wound dressings, hygiene, transdermal drug delivery, and many others, owing to their advantages in many medical applications. These adhesive tapes have wide acceptability due to factors such as low cost and easy availability, as compared to traditional medical procedures.

It comes in a variety of lengths and widths that are designed to meet a wide range of bandaging needs. The growth of the market is due to the increasing use of these tapes in wound care and for surgery in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina.

Designed specifically for use in healthcare applications, adhesive tape bandages may be used on fragile or at-risk skin, as well as in moist skin environments. Air permeable, they allow outside air to penetrate and reach the underlying dressing or skin, creating a “breathable” healing and support solution. Transdermal drug delivery patches are used in therapeutic systems to deliver the drug at a controlled rate in a systematic circulation of discrete dosage by utilizing the passive diffusion of drugs when applied to the skin. These tapes deliver the infusion of the drug over a period of time and can be terminated any time by removing the patch. These tapes are similar to the wound tapes, flat and they consist active pharmaceutical ingredients and adhesives which deliver the drugs to the body via human skin.

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Key Market Players
The major vendors in the healthcare adhesive tapes market are 3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc. (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden). Nitto Denko Corporation (Japan), is one of the largest healthcare adhesive tapes companies. This company has a strong global presence. It has a diversified product portfolio to cater to end-use industries according to their requirements. To sustain its dominating position, the company may enter into new industries and target new markets.