APAC is expected to hold the largest market size in the Persulfates market

APAC accounted for the largest share of the persulfates industry globally. Persulfates, due to its oxidizing properties, are widely used in various end-use industries, such as electronics, polymer, water treatment, cosmetics & personal care, and pulp, paper & textiles. There are three main types of persulfates: ammonium, potassium, and sodium. All three persulfates can be used as a substitute for each other.

Persulfates are used in end-use industries such as a polymer, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, oil & gas, and soil remediation, among others. The increasing capacity additions by polymer manufacturing companies in the recent past have increased the use of persulfates, which are used as an initiator during the polymerization reaction. However, there has been a plastic demand setback due to lower consumption in China. The demand for persulfates in these end-use industries is projected to grow at a relatively slow rate in the coming years due to economic slowdown and the impact of COVID-19. For the impact of COVID-19 will be seen for the FY-2019-2020 and 2020-2021 as the growth of the persulfates for these years will be slowed down. These slowing down of end-use industries will have an impact on the persulfate demand until 2021. China is the largest producer and exporter of persulfates in the world, being the epicentre of COVUD-19 has also impacted the persulfates market as more the 70% of the persulfates production capacity is in China.

The global persulfates market size was USD 730 million in 2020 and is projected to reach USD 861 million by 2025, at a CAGR of 3.4% between 2020 and 2025. The growth in the demand for polymers from the packaging and construction industries and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.

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Recent Developments

• In 2020, Evonik has acquired PeroxyChem, which is a manufacturer of hydrogen peroxide, peracetic acid and persulfates for USD 625 million.
• In 2019, United Initiators opened a new plant with 10 KT annual production capacity of sodium persulfates in Huaibei, China

Key companies profiled in the persulfates market research report include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan) and Fujian Zhanhua Chemical Company (China).

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Paper & packaging application is projected to lead the acrylic adhesives market by 2022

Paper & packaging was the largest application segment of the acrylic adhesives market in 2016. Increasing demand for consumer goods in several countries across the globe is a key factor expected to fuel the growth of the paper & packaging segment in the coming years. In the packaging application, acrylic adhesives are extensively used in the production of labels, cases and cartons. Other applications of acrylic adhesives include building & construction, woodworking, transportation, consumer, and leather & footwear, among others.

The acrylic adhesives market is projected to grow from USD 8.84 Billion in 2017 to USD 11.72 Billion by 2022, at a CAGR of 5.81%.

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Technological advancements are expected to fuel the demand for acrylic adhesives in mature markets, such as North America and Europe. Properties such as less cure time, increased performance benefits, better adhesion to a variety of substrates, and resistance to chemicals and various innovations in acrylic adhesive products are expected to drive the growth of the market in the near future. The acrylic adhesives market is shifting from traditional solvent-based adhesives to high-performance products such as reactive acrylic and pressure-sensitive acrylic adhesives, driven by the requirement of superior performance.

Asia-Pacific is the largest and fastest-growing market for acrylic adhesives. The increasing use of acrylic adhesives in paper & packaging, construction, and woodworking applications is expected to provide new growth opportunities to the market. High economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and global shift of production facilities from developed markets to emerging markets are some of the key factors driving the acrylic adhesives market in Asia-Pacific.

The restraining factor for the acrylic adhesives market growth is identified as environmental regulations in European countries. Key manufacturers of acrylic adhesives include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik SA (France), H.B. Fuller (U.S.), Illinois Tool Works Inc. (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), and Royal Adhesives & Sealants, LLC (U.S.).

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Splicing Tapes Market Current Trends and Future Aspect Analysis 2019 – 2023

The market size of splicing tapes is estimated to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period. The need for printing and writing papers and packaging products has specifically driven the demand from containerboards. Also, digitalization and online shopping trends in developing countries have driven the demand for paper-backed splicing tapes, as in online shopping printing paper are used for billing as manufacturers attach copies of bills.

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 Splicing tapes are mostly used to connect two substrates together to provide continuity in operation or to increase its length. Most of the splicing tapes are repulpable that can be recycled. Also, most of the splicing tapes are double sided as it connects both ends of the substrates and increases the length. The backing material such as paper/tissue, PET/polyester, non-woven, and others coated with acrylic, rubber, or silicone adhesives provide optimum strength for splicing, flying splice, overlapping, and butting & tabbing. Growth of paper production and virgin-fiber pulp mills in APAC, Africa, and South America and the growing demand for repulpable paper/tissue in North America, APAC, and Europe are driving the splicing tapes market.

On the other hand, the non-hygienic process of manufacturing the recycled paper and reduction in the consumption of paper in Europe and North America are expected to confine the growth of the splicing tapes market during the forecast period. However, the use of non-wood fiber in paper production is providing growth opportunities for the splicing tapes market.

Splicing tapes are generally used in many applications such as paper & printings, electronics, packaging, labeling, and others. The demand for splicing tapes has increased in the paper & printings and packaging applications owing to their properties. In the paper & printing industry, splicing tapes are used for flexographic printing, end tabbing, and paper producing, in the packaging industry, these are used in cartons packaging and corrugated board. Paper and paperboard packaging is an emerging trend of packaging which is gaining consumer’s attraction due to its effective solutions in food & beverage, healthcare, manufacturing, personal care, and other industries. In the textile industry, splicing tapes are used in leather belts and garments during fabrication. In the electronics industry, splicing tapes are used in tabbing and holding lithium-ion batteries and other electronics item.

The key players of splicing tape includes tesa SE (Germany), 3M Company (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (Canada), Scapa Group PLC (UK), Shurtape Technologies, PLC (US), ECHOtape (US), and Adhesive Research, Inc. (US). tesa SE (Germany) is one of the largest splicing 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.

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The electronics industry segment of the persulfates market is projected to grow at the highest CAGR

The market size for persulfates is estimated to grow from USD 549.4 Million in 2017 to USD 727.8 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The growth can be attributed to the increased demand for persulfates from various end-use industries, such as polymers, cosmetics & personal care, electronics, and pulp, paper & textiles.

Increasing demand for persulfates from the electronics industry is expected to boost the persulfate market in this segment. Persulfates are used as cleaning agents and etchants in the printed circuit board manufacturing. With the increasing demand for printed circuit boards, the consumption of persulfates in the electronics industry is projected to grow at the highest rate during the forecast period, in terms of value.

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Key Target Audience:

• Raw Material Suppliers
• Manufacturers of Persulfates
• Traders, Distributors, and Suppliers of Persulfates
• Government & Regional Agencies, Research Organizations, and Investors

The Scope of the Report:

This research categorizes the persulfates market on the basis of type, end-use industry, and region.

Persulfates Market, By Type:

• Ammonium Persulfate
• Sodium Persulfate
• Potassium Persulfate

Persulfates Market, By End-use Industry:

• Polymers
• Electronics
• Cosmetics & Personal Care
• Pulp, Paper & Textiles
• Water Treatment
• Oil & Gas
• Soil Remediation
• Others* (includes adhesives, chemical synthesis, pharmaceuticals, photography, and inks & pigments)

Persulfates Market, By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

The persulfates market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. China is the largest market for persulfates in Asia Pacific. The growth in the demand for polymers from the packaging and construction industries, and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.

Key companies profiled in this research report on the persulfates market include PeoxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), and Fujian Zhanhua Chemical Company (China).

Expansions and acquisitions are the key growth strategies adopted of Microcellular Polyurethane Foam Market

The global microcellular polyurethane foam market is dominated by few key players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Rogers Corporation (U.S.), and Evonik Industries (Germany, among others. These companies are considered as leaders in the rapidly evolving market.

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Substantial investments have been made in the past few years by key companies such as BASF SE (Germany), The Dow Chemical Company (U.S.), and Rogers Corporation (U.S.) to address the future demand of microcellular polyurethane foam arising from the growing end use industries. Key players operating in the market are majorly focused on acquisitions and expansions for capacity expansion of existing facilities and installation of new facilities to achieve better performance qualities, economies of scale, product innovation, and to simultaneously address the increasing demand of microcellular polyurethane foam. BASF SE made investments in its existing facility at Pudong site, which was established in 2011. The new investment project included the expansion of the Cellasto Asia Pacific Technical Center, the establishment of three new production lines, and the technical improvement of existing facilities. The production capacity was estimated to double after the project’s completion in 2015.

Expansions and acquisitions are the key growth strategies adopted by the major players in the recent past. For instance, Rogers Corporation acquired a custom molding machine from PolyWorks Corporation (North Smithfield, Rhode Island) and a license to utilize PolyWorks’ technology for the molding of Poron formulations. This manufacturing facility was installed in Rogers-’ Suzhou, China manufacturing campus by mid-2011 in order to serve its global customers.

Apart from expansions and acquisitions, companies also made investments in the global market. This strategy accounted for 17% of the share out of the total developments in the microcellular polyurethane foam market between 2010 and 2015.  BASF built the world’s biggest single-train production plant for TDI in Europe. The plant has an annual capacity of 300,000 metric tons. The total investment including the precursor is over USD 1.23 billion. The TDI plant is located at Ludwigshafen site, Germany. TDI (toluene diisocyanate) is a key component for the polyurethane industry. A large proportion of it is used in the automotive industry for items, such as seat upholstery and interior linings, and in the furniture industry for flexible foams in mattresses & upholstery and wood coatings.

Related Reports:

Microcellular Polyurethane Foam Market by Type (Low Density Foam, High Density Foam), Application (Automotive, Building & Construction, Electronics, Medical, Aerospace, Others), Region (North America, Europe, APAC, MEA, RoW) – Global Forecast to 2021

3M Company (US) and Nitto Denko Corporation (Japan) are the Key Players in the Splicing Tapes Market

The splicing tapes market size is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period. The global paper & printing industry is undergoing a rapid transformation and plays a significant role in driving the splicing tapes market globally. Splicing tapes are used in the production of paper, films, label, and packaging products (such as corrugated boxes, paperboards, or envelopes). However, the environmental regulations related to the paper & pulp sector could act as a major constraint. The developed countries, in regions such as Europe and North America, are anticipated to cut back on the growth level in the near future, owing to the stagnant nature of their markets.

The key players of the market include tesa SE (Germany), 3M Company (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (Canada), Scapa Group PLC (UK), Shurtape Technologies, PLC (US), Echotape (US), and Adhesive Research, Inc. (US). New product launch has been the most dominating strategy adopted by major players between 2015 and 2018, which helped them broaden their customer base.

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In-line with the rising demand for splicing tapes, tesa has been working to deliver efficient splicing tape products to various applications in the paper & printing industry. This company operates through business segments, namely, Direct Industries and Trade Markets. Direct Industries caters to various end-use industries such as automotive, electronics (mobile phones and laptops), paper & printing, and building & construction. The Trade Markets division is further divided into two segments, namely, General Industrial Markets (adhesive solutions for packaging, tapes required during transporting, assembling, and repairing products) and Consumer & Craftsmen (product solutions required for daily use in homes, offices, and crafts). The company launched a new product called tesa Easy Splice in Feb 2018 which is used in the paper & printing industry to increase output volume and reduce the change over time. Through the strategy of new product launch, the company is able to cater to the demands of a wide range of industries, especially from APAC. This will boost the growth of the company and, also, its splicing tapes business, globally.

The second-most active company in the market is 3M Company. The company operates through five business segments, namely, industrial, safety & graphics, electronics & energy, health care, and consumer. It manufactures splicing tapes for varied applications through its electronics & energy segment. Its splicing tapes products in the paper & printings application have global brand recognition. The company has planned to adopt organic and inorganic strategies such as new product launch, investment & expansion, and merger & acquisition in the future which will surely increase its presence and revenue globally.

Related Reports:

Splicing Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper/Tissue, Pet/Polyester, Non-Woven & Others), Application (Paper & Printing, Packaging, Electronics, Labeling), and Region - Forecast to 2023

Acrylic Adhesives Market worth 11.72 Billion USD by 2022 | At a CAGR of 5.81%

The acrylic adhesives market is projected to grow from USD 8.84 billion in 2017 to USD 11.72 billion by 2022, at a CAGR of 5.81% between 2017 and 2022. The acrylic adhesives market is shifting from traditional solvent-based acrylic adhesives to high-performance products such as cyanoacrylic and pressure-sensitive acrylic adhesives, driven by the requirement of superior performance. This shift is expected to fuel the growth of the acrylic adhesives market in the near future.

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There is a rising demand for acrylic adhesives in applications, including paper & packaging, building & construction, medical, consumer, transportation, and woodworking, among others. Medical is projected to be the fastest-growing application segment of the market, owing to the technological advancements in acrylic adhesives and rising demand for specialty acrylic adhesives in the segment. Recent advancements in medical technology such as lightweight and micro machineries are propelling the demand for UV curable and cyanoacrylic adhesives. This creates opportunities for manufacturers to develop new products for applications where these adhesives can be used to bond medical devices. UV curable and modified acrylics are expected to be rapidly adopted across applications due to good adhesion to plastics, rapid rate of strength build-up, and excellent impact resistance.

Based on formulating technology, the reactive segment is expected to witness the highest growth during the forecast period. This category generally includes any acrylic adhesive that undergoes a reaction to cure and form a bond. In some cases, adhesives form a bond after they are exposed to air, water, or light. In other cases, two components kept separate until the moment of application react when combined to form a bond. Standard reactive acrylic adhesives can be modified to possess various unique properties, including multiple degrees of conductivity, differing cure profiles, and unique optical properties.

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Asia-Pacific is the largest consumer of acrylic adhesives. Increasing population and technological advancements in building & construction and transportation industries are expected to fuel the growth of the acrylic adhesives market in Asia-Pacific. China, Japan, and India are the major acrylic adhesives markets in Asia-Pacific. China is estimated to be the largest market in terms of consumption of acrylic adhesives.

Key market players are expected to adopt growth strategies such as new product launches; mergers & acquisitions; investments & expansions; and partnerships, contracts, & agreements to achieve growth in the acrylic adhesives market in the near future.

Splicing Tapes Market worth $593 million by 2023

The splicing tapes market size is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period.

There is a high demand for splicing tapes in the paper & printing and packaging industries due to the increase in population and digitalization in many parts of the globe. Digitalization process has driven the market of online shopping which has propelled the demand for packaging and labeling. Also, paper and paperboard packaging are gaining consumer’s attraction due to their effective solutions in food & beverages, healthcare, manufacturing, personal care, and other industries which is also driving the splicing tapes market.  

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Recent Developments

• In Feb 2018, tesa (Germany) launched a new product called tesa Easy Splice which is used in the paper & printings industry. It is used to increase output volume and reduce change over time.

The paper & printing application is expected to account for the largest share of the splicing tapes market.

The paper & printing segment is expected to account for the largest market share during the forecast period. The splicing tapes used in the paper & printing industry can be single-sided or double-sided and repulpable and non-repulpable. Splicing tapes are mainly used in the paper industry during production of paper. They are also used for flexographic printing, end tabbing, permanent overlapped splices, paper for packaging application, and others. Splicing tape is particularly characterized by a high tensile strength, high shear strength, and good ageing resistance.

The rising demand for paper in various industries from economies such as Japan, India, China, South Korea, Vietnam, Taiwan, Singapore, among others is contributing to the growth of the APAC splicing tapes market to. China is expected to lead the production and demand for splicing tape due to the increased paper and film production. It is also reportedly among the largest consumers of splicing tapes in the region.

Major vendors in the splicing tapes market include 3M (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Scapa Group Plc (US), tesa SE (Germany), Intertape Polymer Group, Inc. (Canada), Shurtape Technologies, Llc (US), ECHOtape (US), Orafol Europe Gmbh (Germany), and Adhesive Research, Inc. (US).