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The global laparoscopic devices market is projected to experience significant growth during the next decade (2022 – 2029), on the back of rapid growth in demand for minimally invasive surgery and expanding application potential in colorectal and bariatric surgical procedures. By the end of 2022, global sales of laparoscopic devices accounted for revenues of over US$ 10 Bn. Increasing FDI influx in developing regions coupled with marketing and promotional activities are expected to boost the laparoscopic devices market over the following years, says the report.

Key Takeaways – Laparoscopic Devices Market Study

• Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.
• Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.
• The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.
• Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

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Growing Popularity of Single-incision Laparoscopic Surgery

Single-site incisional surgery is being widely used in laparoscopic procedures and is replacing traditional method of laparoscopic procedures, in which four to five small incisions were made as the entry point for laparoscopic instruments. Some of the key benefits of single-site incision laparoscopic procedure over traditional procedure are low chances of infections, better cosmetic results, quick recovery and less post-operative pain.

According to Journal of the Society of Laparoendoscopic Surgeons (JSLS), women who undergo single-site incision laparoscopic surgery tend to report lesser post-operative pain compared to traditional method laparoscopic surgery. Growing demand for single-incision laparoscopic surgeries would thus drive the growth of laparoscopic devices market.

Adoption of Subscription Commerce Marketing Model

Companies are adopting various marketing model schemes such as subscription commerce to boost the sale of laparoscopic devices. Under this scheme, companies provide medical devices such as laparoscopy devices on pay-per-use basis. Thus, various end use segments can have access to these devices which might otherwise be prohibitively expensive, which in turn is helping manufacturers to expand their market share for laparoscopic devices, globally.

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Due to intense competition, manufacturers of laparoscopic devices use innovative pricing strategies to remain at the forefront. Expanding access of laparoscopic devices by educating healthcare professionals through various conferences and training is enabling companies manufacturing these devices to enhance the adoption and equipping healthcare facilities with the necessary tools to provide optimal care to patients.

Interested in More About Report Inclusions?

Laparoscopic Devices Market, a new study from Future Market Insights, opines on the evolution of the laparoscopic devices market from 2014 – 2018 and presents demand projections from 2019 – 2029 on the basis of product type (direct energy system devices, trocars/access device, internal closure devices, laparoscopes, hand access instruments, insufflation devices, and robotic assisted surgical system), therapeutic application (bariatric surgery, colorectal surgery, general surgery,  gynecological surgery and urological surgery), and end user (hospitals, ambulatory surgical centers, and clinics) across seven major regions.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Laparoscopic devices market by Category

By Product

• Direct Energy System Devices
• Trocars/Access Device
• Internal Closure Devices
• Laparoscopes
• Hand Access Instruments
• Insufflation Devices
• Robotic Assisted Surgical System

By Therapeutic Application

• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Gynecological Surgery
• Urological Surgery

By End User

• Hospitals
• Ambulatory Surgical Centers
• Clinics

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A new market research report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

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Textile Flooring Market By Category

By Material Type :

• Synthetic Textiles
  • Polypropylene
  • PET
  • Acrylic
  • Nylon
• Animal Textiles
  • Wool
  • Fur
• Plant Textiles
  • Grass
  • Sisal

By Product Type :

• Rugs
• Carpets

By Technology :

• Tufting
• Woven
• Needlefelt

By Application :

• Residential
• Commercial
• Others (Industrial, etc.)

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Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market. Along with this, competitive price performance ratio compared to other materials is also boosting the market growth.

Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period.

Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, rising use of synthetic textiles in residential sector is likely to result in increased market share over the forecast period.

• Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.
• Growth of textile flooring based on tufting technology is mainly attributed to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use by consumers.

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market. Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

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In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per a recent market analysis by Future Market Insights, the global drug of abuse testing market is projected to top US$ 1.5 Bn in 2021, expanding at over 5% CAGR over the forecast period.

Growth can be attributed to the increasing opioid dependence in the geriatric population as a result of high dosage prescription opioid use for pain management. Chronic pain is prevalent among patients suffering from arthritis, heart diseases, and cancer Opioids are prescribed for pain management, however, overdose can result in fatalities.

In response to this, manufacturers are launching rapid, accurate, disposable, and easy-to-use drug of abuse testing kits to detect drug dependence among the elderly. This is indicative of lucrative prospects for new market entrants over the assessment period.

Besides this, growing acceptance of recreational marijuana also has triggered concerns regarding overdose. Marijuana addiction is rare, although overdose can result in breathing disorders, memory loss, elevated stress and anxiety, and concentration issues. As a result, demand for drug of abuse testing systems in corporate and educational organizations is rising for early detection of substance abuse.

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As per FMI’s in-depth regional analysis, the U.S. is projected to dominate the North America drug of abuse testing market. The presence of robust healthcare infrastructure along with the prevalence of an opioid endemic in the country is expected to continue pushing sales of drug of abuse testing tools.

Key Takeaways:

• Based on drug type, sales of drug of abuse testing for cannabinoids are expected to remain high through 2031.
• In terms of technique, immunoassays will remain highly sought-after.
• Demand for drug of abuse testing in forensic laboratories is anticipated to continue gaining traction over the assessment period.
• The U.S. is projected to dominate the North America drug of abuse testing market owing to increasing prevalence of opioid dependence in the country.
• The U.K. will continue exhibiting high demand for drug of testing systems in response to government initiatives regarding drug awareness and control measures.
• China will emerge as an attractive market due to the presence of key market players and easy availability of raw materials for the manufacturing of testing products.
• Japan will account for 7% of the total drug of abuse testing market share, while South Korea is expected to hold less than 1% of the total market share through 2031.

Competitive Landscape

Quest Diagnostics, Roche Holding AG, Thermo Fisher Scientific, Inc., Siemens AG (Siemens Healthineers), Abbott Laboratories (Alere, Inc.), Shimadzu Corporation, Express Diagnostics International Inc., Drägerwerk AG & Co. KGaA, and Laboratory Corporation of America Holdings are among the key players profiled by FMI.

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Leading players operating in the global drug of abuse testing market are focusing on research and development to expand their product portfolios. Besides this, players are aiming at production facility expansions through mergers, acquisitions, and collaborations.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Drug of Abuse Testing Market by Category

By Drug Type:

• Psychostimulants
• Narcotic
• Cannabinoids
• Sedatives
• Others

By Technique:

• Immunoassay
• Chromatography
• Rapid Testing

By End User:

• Hospitals
• Diagnostics Laboratories
• Forensic Laboratories
• Others

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear. Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years.

They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches. The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

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Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation. 

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipments. This is expected to bode well with the market growth in upcoming years.

Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

• North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
• Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
• Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
• Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
• The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

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“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

• RPM International Inc.
• The Sherwin Williams Company
• PPG Industries Inc.
• Axalta Coating Systems Ltd.
• Jotun AS
• AkzoNobel N.V.
• Aexcel Corporation
• Sokan New Materials.

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More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to the latest market report published by Future Market Insights titled “Pearlescent Pigment Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”, Western Europe is the largest consumer of pearlescent pigment and consumption is expected to grow significantly during the forecast period. China holds the maximum share among all the countries and is the largest exporter of pearlescent pigment worldwide.

Consumption of pearlescent pigment globally stood at 116,122 tonnes in 2015. Global sales revenue of pearlescent pigment has been estimated at US$ 2,705.2 Mn in 2015 and is expected to reach above to US$ 4,000 Mn by 2025. This represents an incremental opportunity of US$ 1,356.1 Mn between 2015 and 2025, characterised by increasing traction of synthetic pearlescent pigment coupled with rising demand from automotive paints application segment.

Pearlescent pigment are manufactured by coating the laminar substrate with metal oxide. These pigment have unique optical properties and are semi-transparent in nature. Pearlescent pigment can be categorized as follows

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Natural pearlescent pigment: substrates used is natural mica

Synthetic pearlescent pigment: substrates used are alumina, silica and synthetic mica

Glass Flake pearlescent pigment: based on borosilicate

Pearlescent pigment find major application in automotive coatings, architectural and decorative paints, powder coatings, plastic industry, paper and printing industry, among others

In the report, FMI suggests the adoption of synthetic pearlescent pigment is gaining traction as compared to natural pearlescent pigment, globally. Manufacturing of synthetic pearlescent pigment customized for specific end use necessities is more feasible in comparison to natural pearl pigment,

Which gives it an advantage over its counterpart. Pigment manufacturers in developed countries, owing to high manufacturing costs and stringent environment control regulations, are shifting their manufacturing bases to developing countries.

• In December 2015, BASF increased production of high-performance pigment at its plant in Nanjing, China
• In April 2011, Sudarshan Chemical Industries Limited invested over US$ 20 Mn to upgrade its pigment manufacturing plant at Roha, India, with an aim to cater to growing demand for pearlescent pigment from the automotive and high-end plastics industries

Major players in the pearlescent pigment market are offering pearlescent pigment that are tailored to specific end-use requirements

• In June 2015, BASF SE expanded its pigment portfolio by adding pigment specifically tailored for automotive applications
• In March 2012, Geotech International B.V. added two new products in its pigment portfolio, specifically for cosmetics applications.

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Industry players are now inclined towards high degree of customisation of pearlescent pigment by targeting niche application in various end-use industries. Pearlescent pigment are gaining importance in niche segments of product categories.

For example, in the luxury car segment, OEMs are experimenting with colors. This in turn is expected to drive the growth of the pearlescent pigment market globally. With increasing demand for premium paints for commercial, residential and industrial applications, the market for special effect pigment, such as metallic and pearlescent pigment, are expected to provide ample opportunities in terms of growth prospect.

In order to be ahead of its competitors, companies are focusing on customized pearlescent pigment, which are often available in various colors, to meet specific customer requirements. Revenue contribution of APEJ to the global pearlescent pigment market has been estimated to account for about 17.2% share, with developing countries of India and China accounting for major share of exports.

APEJ is anticipated to be the most lucrative market for pearlescent pigment, with sales revenue in China and India expected to increase at CAGRs of 6.6% and 6% during the forecast period. Pearlescent pigment consumption in the ASEAN region increased to a small extent yet witnessed a growth rate of 3.7 % outperforming many countries in the Europe and Americas.

Sales revenue of pearlescent pigment in the U.S. is expected to increase at a CAGR of 2.8% and is anticipated to retain its dominance in North America throughout the forecast period. China has been estimated to account for the highest revenue share of 64.1% for pearlescent pigment in APEJ in 2015. Wide application of pearlescent pigment in premium and luxury class passenger cars is expected to fuel the demand in China.

Moreover, China is expected to be at the forefront, leading the growth of the Asia Pacific pearlescent pigment market during the forecast period. According to the research by FMI, China pearlescent pigment market has witnessed rapid growth in the past couple of decades, and steadily rose to over-capacity of production. This made China the largest exporter of pearlescent pigment globally.

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Some of the key players profiled in the report include Merck KgaA, DIC Corporation, ALTANA AG, Fujian Kuncai Material Technology Co Ltd, CRISTAL, BASF SE, Sudarshan Chemicals Industries Ltd, Shanghai Zhuerna High-Tech Powder Material Co. Ltd, Oxen Special Chemicals Co. Ltd, Huaian Concord Industrial Product Co. Ltd, Zhejiang Ruicheng Effect Pigment Co. Ltd, Sinpearl Pearlescent Pigment Co. Ltd and Kolorjet Chemicals Pvt Ltd, Spectra Colours Ltd, Lansco Colours, Aal Chemicals Ltd.

Merck KgaA, Fujian Kuncai Material Technology Co. Ltd and BASF SE, together, have been estimated to account for almost 1/4th of the market share in 2015.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to a market report published by Future Market Insights titled “Global Iron Oxide market in its latest report titled ‘Iron Oxide Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025’, the long-term outlook on the global iron oxide market is positive with the market value expected to increase at a CAGR of 4.3% during the forecast period, reaching an estimated market size valued at around US$ 1.8 Bn.

Iron oxides are commonly available chemical compounds composed of iron (Fe) and oxides. Iron oxides are mainly used in the form of iron ores, pigments, catalysts, etc. They are produced from both natural and synthetic resources and various types of iron oxides are produced in varying colours.

The iron oxides represented by the chemical formula Fe2O3 are mainly red-coloured and brown-coloured iron oxides. Of the various types of iron oxides, primary iron oxides, consisting of red, black and yellow types are estimated to hold a majority share by value in the global iron oxide market.

The iron oxide market has been analysed on the basis of product type and application. Among the product type segments, the red iron oxide segment is expected to account for over 40% of the overall consumption of iron oxide, while growing at a significant CAGR in terms of value over the forecast period.

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On the basis of application, the construction materials segment holds a dominant share at present and is estimated to hold a majority share throughout the forecast period.

The consumption of iron oxide in paints and coatings for aesthetic purposes in architectural and automotive industries is also high. The increase in the demand for iron oxide is driven by the growing consumption of raw materials for construction activities, which are further fuelled by the burgeoning rate of industrialization and urbanization.

From a geographical perspective, Asia Pacific excluding Japan, followed by North America and Western Europe, is expected to emerge as the leading market. Asia Pacific excluding Japan, in particular, is expected to exhibit a high growth rate as well as a major share of consumption in the global iron oxide market in the future along with a CAGR higher than the global average.

Increasing industrial base propelled by the consumer demand for related goods and components as well as significant investments and development of urban infrastructure projects spur the demand for iron oxide in Asia Pacific.

The demand for iron oxide is also expected to be driven by industrial development in North America and Western Europe. Other regions are expected to record lukewarm growth levels in the iron oxide market during the forecast period. The iron oxide market is viewed as a high value–moderate growth market by interested stakeholders.

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Key Segment

Product Type

• Red Iron Oxide
• Yellow Iron Oxide
• Black Iron Oxide
• Orange Iron Oxide
• Brown Iron Oxide
• Green Iron Oxide
• Other Blends

Region

• North America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Latin America
• Middle East & Africa

Application

• Construction
• Paints & Coatings
• Plastics
• Chemicals
• Paper & Pulp Manufacturing
• Textile
• Ceramics
• Leather
• Others (Fertilizers, Cosmetics, Rubber)

Iron Oxide Market Participants

Some of the market participants identified in the iron oxide market are Lanxess AG, Huntsman International LLC, Cathay Industries, Toda Kogyo Corporation, Alabama Pigments Company LLC, Jiangsu Yuxing Industry and Trade Co., Ltd., Yaroslavsky Pigment Company, Tata Pigments Company and Shenghua Group Deqing Huayuan.

Top 3 players in the global iron oxide market account for close to half of the total iron oxide production globally. Various producers of iron oxide pigments are focusing on the development of new applications to enhance their market share.

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For example, blends of iron oxides are finding application in golf courts. In June 2014, Lanxess AG developed a blend of organic phthalo blue pigment Levanyl “Blue G-LF” and inorganic iron oxide pigment “Bayferrox 91” for the coloration of white sand on golf courts.

Alignment of business operations by reducing cyclical business segments, divesture of non-performing units to optimize scale of iron oxide production, sales and earnings of increased profits are some of the key strategies being employed by prominent market participants in the iron oxide market.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to the latest market report published by Future Market Insights (FMI) titled “Hot Melt Adhesives Market: Global Industry Analysis and Opportunity Assessment 2015-2025”, the hot melt adhesives market is expected to be valued at US$ 5.4 Bn in 2015 and expand at a CAGR of 5.2% from 2015 to 2025, accounting for US$ 8.9 Bn by 2025.

A hot melt adhesive is a thermoplastic glue that is thermally melted on application and attains adhesion strength upon cooling. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins, which are carefully blended to exhibit different characteristics from base polymers.

Hot melt adhesives are named after polymer bases. Various types of hot melt adhesives include ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers, polyester, etc. Hot melt adhesives are used in several industries including packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and many more.

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Hot melt adhesives are 100% solid thermoplastic materials without any volatile organic compounds, which makes them safe for use in production, transportation, application and storage. They are also environment friendly and safe for use by humans.  Properties such as higher setting speeds and heat resistance and easy disposal gives hot melt adhesives a competitive advantage over water and solvent based adhesives, and is a major factor driving market growth.

The setting speed of hot melt adhesives range between 5 and 30 seconds, enabling speedier production lines as compared to conventional adhesives. In addition, technological advancements in polymer bases are expected to further drive this market. Development of hydrophilic and polyamide hot melt adhesives is also gaining attention in developed countries, thereby driving growth of the hot melt adhesives market.

On the basis of polymer base, the hot melt adhesives market has been segmented into ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers and others. The ethylene vinyl acetate segment is anticipated to account for a major share in the hot melt adhesives market by 2025.

The polyolefin segment accounts for the highest market share across the globe and is expected to witness the highest CAGR of 6.4% in terms of value, during the forecast period (2015-2025). The styrenic block copolymers and ethylene vinyl acetate based hot melt adhesives are anticipated to grow at a steady rate during the forecast period.

On the basis of application, the hot melt adhesives market is segmented into packaging, automotive, construction, healthcare products and others. Others include textile, electronics, paper bonding and footwear. The packaging segment is expected to dominate the market with over 35% share in the global market. Consumption of hot melt adhesives in healthcare products is expected to increase rapidly in the near future.

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Key Segment

By Polymer Base 

• Ethylene Vinyl Acetate
• Polyolefin
• Polyamide
• Styrenic Block Copolymers
• Others

By Application

• Packaging
• Automotive
• Construction
• Healthcare Products
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Japan
• Asia Pacific Excluding Japan (APEJ)
• Middle East & Africa

Application in healthcare products is expected to witness a CAGR of 5.4% during the forecast period. Increasing awareness pertaining to hygiene coupled with technological advancements in polymer bases, especially for hygiene, is expected to boost demand for hot melt adhesives during the forecast period. The report provides detailed information about various trends driving each segment and offers insights and analysis about market trends in specific regions.

The report also includes an overview of the parent market and key regulations regarding the application of these adhesives. On the basis of region, the market is segmented into seven regions.  North America is expected to dominate the market with over 30% share by the end of 2015. In terms of value, Asia Pacific is anticipated to demonstrate the highest CAGR of over 9% during the forecast period.

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Further, the report presents market opportunities, future outlook, trends, BPS analysis, market attractiveness analysis and competitive landscape of the key players in the hot melt adhesives market. Key players have been profiled to include a company overview, financials, operating segment share, product and service offerings, business strategies, SWOT analysis and key developments.

Key players in the global hot melt adhesives market include Henkel AG & Co. KGaA, H. B. Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol S.p.A., Palmetto Adhesives Company and Sealock Ltd.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights (FMI) delivers key insights on the Global Antimicrobial Additives Market in its upcoming report titled “Antimicrobial Additives Market: Global Industry Analysis and Opportunity Assessment 2015–2025”.The global antimicrobial additives market is projected to expand at a healthy CAGR of 8.0% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

The benefits offered by antimicrobial products include quality enhancement of equipment/materials in terms of resistance towards microbial growth, improved product performance, and durability. Preference towards hygieneic and disposable products and increasing health awareness are other key factors fuelling demand.

Some antimicrobial additives are hazardous to the environment when disposed. Research initiatives by environmental institutions suggest that anti-bacterial chemicals constitute a significant portion of soil and water contaminants. The issue of safe disposal and harmful effects of these additives on the eco-system is identified as a restraining factor for the growth of the global antimicrobial additives market.

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Use of antimicrobial additives in healthcare products, such as medical devices and disposable hygiene products is identified as one of the key trends in the market. Stringent environment regulations have prompted antimicrobial additives manufacturers to innovate and launch new compositions in order to meet the safe disposal and anti-bacterial properties criterion.

Key Segments Covered:

On the basis of applications, the antimicrobial additives market is segmented into paints and coatings, inks, paper, plastics, fabric/textile, silicone and rubber, and other applications. On the basis of the end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end-use industries.

On the basis of regions, the global antimicrobial additives market is segmented into seven key regions, including Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, the Middle East and Africa and Japan.

As of 2014, the plastics application was the largest segment in the global antimicrobial additives market, followed by paints and coatings, and textile. The plastics application segment is projected to remain the largest segment throughout the forecast period, corresponding to incremental $ opportunity of US$ 2,954 Mn between 2015 and 2025.

As of 2014, food and beverages was the largest end-use industry segment in the global antimicrobial additives market, followed by healthcare. Both these segments are expected to offer similar incremental $ opportunity for the antimicrobial additive manufacturers during the forecast period.

As of 2014, Asia Pacific excluding Japan (APEJ) accounted for the largest market value share of the global antimicrobial additives market, followed by Western Europe, North America and other regions. Developing regions including APEJ, Eastern Europe, Latin America and the Middle East &

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Key Segments Covered

On the basis of applications, the antimicrobial additives market is segmented into:

• Paints and coatings
• Inks
• Paper
• Plastics
• Fabric / textile
• Silicone and rubber
• Other applications

On the basis of end use industry, the antimicrobial additives market is segmented into:

• Building and construction
• Healthcare
• Automotive
• Electronics
• Food and beverages
• Other end use industries

Africa collectively accounted for more than 50% share of the overall market in 2014 and are further expected to gain market share by 2025. The BRICS antimicrobial additives market is projected to account for a significant share of the overall market by the end of forecast period and is anticipated to expand at a promising CAGR of more than 9% during the forecast period.

Some of the key players in the antimicrobial additives market that have been covered in this study include AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd. and Nanobiomatters Industries S.L.

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End Use Industry Analysis:

On the basis of end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end use industries.

In terms of market value, healthcare and food and beverages industry are projected to exhibit above average CAGR during the forecast period, with the remaining end use segments collectively expected to expand at a CAGR of 6.6% during the forecast period.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com