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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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

LTCC Market and HTCC Market- Global Opportunity, Analysis, and Outlook up to 2024

LTCC Market and HTCC Market are expected to grow from USD 916 million in 2019 to USD 1.1 billion by 2024, at a CAGR of 4.5% during the forecast period. The market is witnessing significant growth because of the growing demand from various end-use industries such as aerospace & defense, automotive, and telecommunications. Co-fired ceramic has good mechanical properties, such as excellent physical, chemical inactivity, hermicity, and high thermal stability properties.

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LTCC process type is the fastest-growing segment in the overall market.

Co-fired ceramic is available in two process types, namely, LTCC (Low-Temperature Co-Fired Ceramic), and HTCC (High-Temperature Co-Fired Ceramic). LTCC process type is expected to register the highest CAGR during the forecast period as it is used in various applications such as high radio frequency, wireless devices, antennas, and radar.

Glass-ceramic material type is the fastest-growing segment in the overall market.

Co-fired ceramic is available in two material types, namely, glass-ceramic and ceramic. Glass-ceramic material is expected to register the highest CAGR during the forecast period as it can use noble metals such as gold, silver, and platinum for metallization on its layer.

Some of the key players in the LTCC market and HTCC market are KYOCERA Corporation (Japan), DowDuPont Inc. (US), Murata Manufacturing Co., Ltd. (Japan), KOA Corporation (Japan), Hitachi Metals, Ltd.  (Japan), Yokowo Co., Ltd. (Japan), NGK SPARK PLUG CO., LTD. (Japan), MARUWA Co., Ltd. (Japan), Micro Systems Technologies (Switzerland), TDK Corporation (Japan), and NIKKO COMPANY (Japan). The key strategies adopted by the major players for enhancing their business revenue are new product developments, partnerships, and acquisition.

Key Questions Addressed by the Report

• Which are the major end-use industries of co-fired ceramic?
• Which process type is majorly used in co-fired ceramic?
• Which material type is majorly used in co-fired ceramic?
• Which largest and fastest-growing regional LTCC market and HTCC market?
• What are the major strategies adopted by leading market players?

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High performance fluoropolymers market Along with Business Insights, Trends and Forecast 2023

High performance fluoropolymers are finding increasing acceptance in various end-use industries, such as industrial processing, transportation, medical, electronics, etc. The growth of the HPFs market is expected to be fueled by the rising demand from end-user industries due to the rapid growth in automotive, electrical & electronic, and medical industries. High performance fluoropolymers provide increased performance, high durability, weatherability, abrasion resistance, excellent di-electric, and high thermal resistance properties for various applications in these industries.

This report estimates the market size for HPFs by type, end-use industry, and region, in terms of value and volume. The HPFs market is projected to grow at a CAGR of 6.6% between 2017 and 2022, in terms of value. The growth is attributed to the increasing applications, technological advancements, and growing demand in the emerging countries.

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The developed regions, such as Europe and North America, are relatively mature markets as compared to Asia Pacific and Rest of the World. Asia Pacific is projected to witness the highest growth rate between 2017 and 2022, owing to the increasing demand from the automobile & transportation, electrical & electronics, and chemical processing sectors in the economies such as China and Japan. The market in this region is experiencing an increase in the demand for HPFs from industrial processing, electrical & electronics, and transportation end-use industries. In addition, China has been an export-oriented country; however, the growing domestic demand is expected to increase the domestic consumption of HPFs in the country.

Among end-use industry segments, the electrical & electronics industry is projected to witness the highest growth rate between 2017 and 2022. The growth is driven by the increasing use of HPFs in wire coating, cable coating, fiber optics, and electrical systems in aircraft, computers, etc., as they offer excellent electrical insulation properties under harsh conditions such as high temperatures and aggressive chemicals.

Among type segments, the FEP type is projected to witness the highest growth rate between 2017 and 2022. The growth is driven by the increasing usage of FEP in electrical & electronics, especially in wire & cable, semiconductor, and telecommunication applications for high speed data transfer and networking.

The emerging market for melt-processable fluoropolymers (FEP, PFA, and ETFE) is expected to provide growth opportunities for the HPFs market owing to their significant demand from emerging applications such as photovoltaic modules and architectural membranes. Thus, the market players could focus on increasing the production of melt-processable fluoropolymers to compete in the market.

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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.

Impact of Existing and Emerging Stand-Up on High Performance Fluoropolymers Market

New product launches, mergers & acquisitions, joint ventures, and expansions & investments are the key strategies adopted by industry players to achieve growth in the high-performance fluoropolymers market between 2017 and 2022. Increasing industrial advancements, technological advancements, and demand for efficient materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility, and high dielectric strength have led various end-use industries to focus on high-performance fluoropolymers, thus leading to a rise in their demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and joint ventures. Some of the key players, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), and Shanghai 3F New Materials Company Ltd. (China) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high-performance fluoropolymers market between 2013 and 2016. 

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The Chemours Company (US) is a leading player in the global high-performance fluoropolymers market. The company, as a major HPFs manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2016, the company started a new Teflon finishes plant at its Changshu work site, China. This expansion increased the production capacity of fluoroproducts and helped the company strengthen its position in China and the Asia Pacific region by offering high-quality products for both consumer and industrial applications.

Daikin Industries Ltd. (Japan) is one of the key HPFs manufacturers globally. The company operates through three major business divisions, namely, air conditioning division, chemicals division, and others. The other division includes refrigerator, oil hydraulics, defense systems, and electronics business. The company has its production capacities situated in Japan, the US, Europe, and China that are involved in the production of high-performance fluoropolymers.

Daikin has 207 consolidated subsidiaries, of which 28 are located within Japan and 179 are located outside Japan. 
As a part of its business strategy, the company acquired MDA Manufacturing Inc., which was formerly a joint venture between Daikin Industries, Ltd. and The 3M Company in 2014. This acquisition strengthened the reach of the company in North America.

Key companies, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Co., Ltd. (China), Shanghai 3F New Materials Company Ltd. (China), and Halopolymer OJSC (Russia) are the most active players in the global HPFs market.

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