Increasing demand for energy-efficient buildings in various regions will drive the Insulating Glass Window Market

The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.

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Middle East & Africa region is projected to show positive growth, especially in the commercial construction industry, due to factors such as government initiatives (Saudi Arabia’s Vision 2030), increasing urbanization, and industrialization. Also, the Middle East & African insulating glass window market is projected to witness high growth till 2022, mainly because of the upcoming infrastructural projects such as Expo 2020 (UAE) and the 2022 FIFA World Cup (Qatar).

Recent Developments

1. In December 2020, 3M launched 2480 3M Hi-Tack silicone adhesive tapes. The products provide sheer performance, stronger adhesion, and longer-wear time.
2. In July 2020, Guardian Glass has launched a new glass coater in Czestochowa Poland, which transforms normal float glass into high-performance, value-added glass using modern technology. This will help to increase the production of low-emissivity (low-E) solar control glass for both residential and commercial applications.

The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.

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COVID-19 impact on the global Chlor-Alkali market

In 2020, the Chlor-Alkali market saw a dip in growth rate due to COVID-19 and the consequent lockdown across the world. The COVID-19 pandemic has severely impacted North American and European countries. Several manufacturing activities have been suspended as a preventive measure. Disruptions in supply chains impacted the chlor-alkali and other end-use industries, and demand declined by over 5% in a majority of the applications. Several expansion projects across the globe have been suspended, which has resulted in a decline in demand for chlor-alkali. The demand for the chemicals, organic, and inorganic chemicals declined significantly across the globe. To mitigate the impact, several chemical companies in North America and Europe are channelizing focus on operational efficiency, cost management, and asset optimization.

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Key players are also focusing on long-term opportunities such as emerging applications, investing in innovations, studying customer buying behavior patterns, and adopting new business models that help generate sustained growth, among others. Due to the pandemic, various building construction and infrastructural projects were suspended or postponed across the globe. Therefore, the demand for PVC declined across the globe, which, in turn, impacted the chlorine market. Decline in automotive industry further reduced the demand for glass and polymers. Moreover, water treatment projects were either rescheduled or suspended, which, in turn, will have a significant impact on the market.

The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1%. The growth in demand for chlor-alkali in the APAC is expected to be driven by the vinyl chain (EDC/VCM/PVC). The demand for chlor-alkali in the APAC is driven by China, which accounts for a major share, globally. China is one of the fastest-growing countries, in terms of chlor-alkali consumption, due to its large chemical and petrochemical industries. India, with its emerging economy is expected to propel the demand for chlor-alkali products during the forecast period. The rising disposable income and focus on the domestic manufacturing industry is expected to increase the demand for chlor-alkali products. However, in Europe, the market for chlor-alkali products is projected to grow at a marginal rate during the forecast period. In North America, and particularly in the US, the growth in demand for chlorine is expected to be driven by the vinyl chain (EDC/VCM/PVC). New capacities are expected to be introduced as the demand from the vinyl industry is projected to increase due to the rising demand from the construction and residential housing sectors in the US.

Chlor-alkali products, namely, chlorine, caustic soda, and soda ash are utilized in various industries. Chlorine and caustic soda are produced through the electrolysis of brine, and soda ash is produced through the Solvay process. These three products are used as raw materials in various industries; chlorine is a vital building block and more than 60% industrial chemicals require it in some form or other in production processes. Caustic soda finds applications in personal care products such as soaps and detergents. Soda ash is used in the glass industry, chemicals, and for water treatment. Some applications such as water treatment, food, and pulp & paper are common in all the three chlor-alkali products.

The Chlor-Alkali market is segmented on the basis of type as Chlorine, Caustic Soda, Soda Ash, and others. Chlorine plays an important role in various chemical industries. It is a building block in chemistry because of its reactivity and bonding characteristics. It is produced by electrolysis, majorly with the use of the membrane cell technology. Some of the manufacturers use diaphragm technology and mercury cell technology. Chlorine reacts with almost all elements, except lighter noble gases. It is a good disinfectant and bleaching agent. Chlorine applications includes EDC/PVC, organic chemicals, inorganic chemicals, isocyanates, chlorinated intermediates, propylene oxide, pulp & paper, C1/C2/ aromatics, water treatment, and others.

The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited (India), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Solvay SA (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem (Hungary), and others.

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APAC region to lead the global Electrical Conduit market by 2026

APAC led the global electrical conduit market, accounting for a share of 37.8% in 2020. APAC is segmented into China, Japan, India, South Korea, and the Rest of APAC. Factors such as ready availability of raw materials and manpower, along with sophisticated technologies and innovations, have driven economic growth in the APAC region. Emerging economies in APAC are expected to have significant demand for electrical conduit due to the growth of the construction industry led by the rapid economic development and government initiatives in infrastructural developments. In addition, the rising population in these countries represents a strong customer base.

APAC is expected to be the fastest-growing market for electrical conduit globally during the forecast period. Significant consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting international companies to shift their production facilities to the region, thus creating a high demand for electrical conduits in these industries. The increase in demand for electrical conduit can be largely attributed to the growing infrastructure and building & construction industries. The demand for electrical conduits is rising rapidly in the region owing to the high demand from the infrastructural sector.

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The global electrical conduit market is estimated to be USD 6.5 billion in 2021 and is projected to reach USD 9.1 billion by 2026, at a CAGR of 6.9% from 2021 to 2026. The driving factors for the electrical conduit market is rapid pace of industrialization and urbanization, and rise in demand for electricity or power generation across the globe. The growth of the electrical conduit market is supported by increasing awareness regarding public safety and the implementation of safety regulations by governments.

Atkore International Group Inc. (US), Hubbell Incorporated (US), Legrand S.A. (France), Schneider Electric SE (France), and Sekisui Chemical Co., Ltd. (Japan) among others, are the leading electrical conduit manufacturers, globally. These key players have focused on market consolidation by adopting both organic and inorganic growth strategies such as mergers & acquisitions. These companies adopted acquisitions as the key growth strategy between 2019 and 2021.

Atkore International Group Inc. is one of the largest player in the electrical conduit market. It engages in the manufacture of electrical raceway products, primarily for the non-residential construction and renovation markets. It operates through the Electrical Raceway and Mechanical Products and Solutions (MP&S) segments. Some of its products include electrical conduit and fittings, armored cable and fittings, cable trays, mounting systems and fittings, metal framing, and in-line galvanized mechanical tube. The company operates through 37 manufacturing facilities and 28 distribution facilities. Major subsidiaries of the company include Allied Tube & Conduit (Italy), Calpipe Industries (Spain) and Unistrut Limited (UK).

Hubbell Incorporated is the second-largest player of the global electrical conduit market. The company is a manufacturer of electrical, lighting, and power components worldwide. It operates through two segments, namely Electrical Solutions and Utility Solutions. The company offers its products and solutions to various industries such as non-residential & residential construction, industrial, and energy-related (oil and gas) markets.

The company has a presence in Singapore, China, India, Mexico, South Korea, and countries in the Middle East and has a joint venture in Taiwan and Hong Kong. Hubbell has its subsidiaries in the US, Canada, Switzerland, Puerto Rico, China, Mexico, Italy, the UK, Brazil, Australia, and Ireland. It operates through 52 manufacturing facilities and 18 warehouses. Some of the key brands through which the company serves its products are Bell, Raco, Gleason Reel, Bryant, and Wiegmann.

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COVID-19 impact on the global liquid ring vacuum pumps market

The liquid ring vacuum pumps market size is estimated to be USD 1,082 million in 2021 and is projected to reach USD 1,412 million by 2026; it is expected to grow at a CAGR of 5.5% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry is expected to drive the use of liquid ring vacuum pumps.

The pandemic is estimated to have an impact on various factors of the value chain of the liquid ring vacuum pumps market, which is expected to reflect during the forecast period, especially in the year 2020. The impact of COVID-19 is seen on the various application segments of liquid ring vacuum pumps market.

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Due to the pandemic, the demand for petroleum and petroleum products fell substantially as global economic activity halted. The decline in demand, combined with an unexpected rise in supply, resulted in a drop in crude oil prices, which had a subsequent effect on refined petroleum product prices. Also, for the years 2020 and 2021, the global petroleum demand was estimated to decline compared to 2019 levels. This, in turn, has affected the growth of the liquid ring vacuum pumps market in oil & gas industry. Moreover, the US has been adversely affected by the COVID-19 pandemic as compared to other countries across the globe. The growth of the liquid ring vacuum pump market in the country is expected to be slow during the forecast period due to the impact of the pandemic.

Asia Pacific is expected to register the highest CAGR during 2021-2026

Asia Pacific is attracting investors to set up their production facilities owing to the easy availability of raw materials and labor at low costs. Industrial activities are growing in this region owing to low manufacturing costs and support of local governments. Moreover, increasing investments in research and development activities are also driving the liquid ring vacuum pumps market in Asia Pacific.

North America is expected to be the second-largest market for liquid ring vacuum pumps during the forecast period. There is an increasing demand for liquid ring vacuum pumps from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring vacuum pumps in the region.

The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

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COVID-19 Impact on the Global Methanol Market

The Methanol market includes major Tier I and II suppliers like Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yanzhou Coal Mining Co. (China), Zagros Petrochemical Company (ZPC) (Iran), Celanese Corporation (Texas). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

• In August 2020, Celanese Corporation implemented government-recommended protocols and best practices related to social distancing and best hygiene practices. Some of these practices are use of additional personal protective equipment and enhanced cleaning protocols, where appropriate; and also restricted visitor access and non-essential business trave
• In May 2020, Mitsubishi Gas Chemical Company, Inc. set up a Crisis Response Headquarters and has been expeditiously implementing anti-pandemic measures. It continues to refine its plants and other workplaces anti-pandemic measures customized to specific operations on a workplace-by-workplace basis to ensure the safety of its stakeholders, particularly its employees and their families and its customers.

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• In March 2020, Methanex Corporation made decisions to reduce the dividend, put their Geismar 3 project on temporary care and maintenance, and also reduce maintenance capital and operational spending.
• In March 2020, Zagros Petrochemical Company (ZPC) has implemented a wide range of measures to ensure manufacturing and operations without interruptions. The company monitored the situation carefully and adjust their internal measures daily. Any production was managed in several shifts to keep the productivity at normal level while managing the safety of its employees
• During the pandemic, Yanzhou Coal Mining Co. reduced roadway heading, workface, and production system to improve efficiency and quality, and stuck to development philosophy of “ensure safety by reducing labor or unmanned production by scientific technology research.” It promoted coal mine digitalization, networking and intelligentization according to overall planning, and 24 intelligent mining workfaces and 24 intelligent roadway headings were built as a result

As the extent of the COVID-19 pandemic began to materialize, a substantial part of the workforce employed in the methanol manufacturing in China was ordered to stay in quarantine. As a result, several manufacturing companies could not resume work, new construction projects were at a standstill . Methanol manufacturers have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for methanol is declined in 2020. Manufacturers adjusted production to prevent bottlenecks and planned production according to demand from tier 1 manufacturers.

The global methanol market is anticipated to grow from USD 30.7 billion in 2021 to USD 36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of methanol ranging from automotive to the pharmaceutical industry. Increasing demand from Asia Pacific will further drive the growth of the global methanol market.

Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yanzhou Coal Mining Co. (China), Zagros Petrochemical Company (ZPC) (Iran) are the leading methanol manufacturers, globally.

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Increasing Healthcare sector in emerging markets is driving the Medical Adhesive Tapes Market

The global medical adhesive tapes market is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The drivers of market growth are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers.

Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities to players operating in the medical adhesive tapes market. This can primarily be attributed to the improved healthcare sector in these emerging countries. The availability of high-quality surgical treatments at lower costs is the key factor enabling patients to shift to these countries for undergoing elective surgeries.

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The increasing number of cosmetic surgeries and developing healthcare infrastructure in emerging countries are the other major factors expected to offer growth opportunities to the market players. To leverage the high growth opportunities for medical adhesive tapes in the emerging markets, manufacturers are strategically focusing on expanding their presence in China, India, Brazil, and Mexico.

Regulatory policies in the Asia-Pacific region are more adaptive and business-friendly due to the less stringent regulations and data requirements. The increasing competition in the mature markets will further compel the manufacturers of medical adhesive tapes to focus on emerging markets.

Paper is the fastest-growing segment of the market

Paper is a widely used backing material that adheres lightly to an individuals skin. It is most widely used for people (adults and infants) with sensitive skin. These are widely used for applications such as dressing and fixation of tubes. These tapes provide excellent comfort compared to the fabric medical adhesive tapes. Hence, they find significant applications in cases involving elderly patients. These tapes are also preferred in cases involving frequent redressing of wounds. The paper backing material is eco-friendly; it can be easily recycled and re-pulped. Therefore, it is a good choice in regions with stringent environmental regulations, such as Europe and North America. The increasing awareness about adhesive tapes in different end-use industries has led tape manufacturers to focus on products that can replace other fastening systems.

These factors have increased the demand for low-cost backing material such as paper for manufacturing tapes, majorly in South American and Asia Pacific countries such as India, South Korea, China, and Indonesia.

Asia Pacific is projected to be the fastest-growing market for medical adhesive tapes

The Asia Pacific is projected to be the fastest-growing market for medical adhesive tapes, in terms of value, due to the improving healthcare services and the rising level of income in this region. The rising population of the region, along with high disposable income and improved healthcare activities in this region, is driving the medical adhesive tapes market. Nitto Denko Corporation (Japan) and Nichiban Co., Ltd. (Japan) are the important players in this region. The manufacturing sector in Asia Pacific (excluding Japan), especially consumer products, is growing rapidly. Moreover, various new production facilities in the region, both export-oriented and domestic, utilize the latest manufacturing processes which are designed to use medical adhesive tapes instead of traditional mechanical fastening equipment.

China is a hub for assembling industrial products, majorly because of low labor costs. Fueled by booming economies such as China, India, and other countries in the Asia Pacific region, the medical adhesive tapes market is growing at a strong pace.

Major vendors in the medical adhesive tapes market include 3M company (US), Medtronic PLC (US), Medline Industries (US), Avery Dennison Corporation (US), Johnson & Johnson (US), Smith & Nephew plc (United Kingdom), Nichiban (Japan), Paul Hartmann AG (Germany), Nitto Denko Corporation (Japan) and Scapa Group PLC (United Kingdom).

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COVID-19 Impact on Global Fluoropolymer Tubing Market

The global fluoropolymer tubing market size is projected to grow from USD 513 million in 2021 to USD 662 million by 2026, at a CAGR of 5.2% between 2021 and 2026. Fluoropolymer tubes are extrusions made of inert materials. These tubes have exceptional versatility and a set of unique properties. Various types of fluoropolymer provide different advantages in the applications they are used in. Fluoropolymer tubes exhibit high tensile strength, exceptional chemical & friction resistance, and a high range of workable temperature, among other properties. They are used in industries such as medical, semiconductor, energy, fluid management, chemical processing, general industrial, automotive, and aerospace. Growing geriatric population, increasing use in end-use industries ultimately drives the fluoropolymer tubing market globally.

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COVID-19 has negatively impacted the production and factory operations of various end-use industries such as automotive, electronics, aerospace, and others. Leading manufacturers such as TE Connectivity has faced business complication with its suppliers, distributors, and customers. Moreover, fluctuation in customer orders and cancellations due to unfavorable business scenario due to the pandemic and supply chain disruptions also impacted the fluoropolymer tubing manufacturers. Major players in the market are mitigating the risk through a strong focus on local management and market opportunities.

• In 2020, TE Connectivity has witnessed sales decline of 12.5% due to the pandemic in its transportation solution business segment which provides fluoropolymer tubing products.
• In 2020, PARKER HANNIFIN CORP faced cancellations in shipments and disputes regarding contract terms along with weak demand from end-use industries. Moreover, changes in contract cost and fluctuations in raw material prices has created business complications for the company. The diversified industrial business segment of the company has reported sales declined of 11% due to change in business dynamics during COVID-19 pandemic.

APAC is expected to be the fastest-growing market during the forecast period.

Fluoropolymer tubing market has been segmented into APAC, Europe, North America, South America, and Middle East & Africa. The market in the APAC region is growing due to the rising demand from various end-use industries such as medical, automotive, semiconductor, and energy. Asia Pacific is one of the fastest-developing markets, mainly due to rising population, urbanization, and industrialization.

Major players operating in the global fluoropolymer tubing market are Saint-Gobain (France), Optinova (Finland), TE Connectivity (Switzerland), Teleflex Inc. (US), Tef-Cap Industries (US), Zeus Industrial Products (US), Fluorotherm (US), AMETEK (US), Parker Hannifin (US), Swagelok (US) and Adtech (UK).

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