Strict Laws to Restrain Production of Styrene Butadiene Rubber

Expanding automobiles sales has prodded the utilization of artificial rubbers, for example, styrene butadiene. Through innovative progressions, the styrene butadiene rubber uses have ventured past the applications of the regular automotive, and are finding new roads in various industrial verticals. On the other hand, strict polices of ecological protection agencies keep on checking the enormous scale production of styrene butadiene rubber.

Key items formed of styrene butadiene rubber could be sorted into solutions and emulsions. In view of their remarkable attributes, styrene butadiene rubber emulsions are generally utilized in the making of automotive tires, footwear, along with polymer modification forms. In any case, in industrial applications, the proficiency of styrene butadiene rubber solutions outperforms to of styrene butadiene rubber emulsions. Styrene butadiene rubber solutions, during 2017, traded all over the world are foreseen to represent over a two-third portion of the worldwide market worth assessed in the survey.

For quite a long time, the utilization of synthetic rubbers, for example, styrene butadiene has been prevalent in the automotive sector, while styrene butadiene rubber items have likewise discovered application in other industrial verticals. With changing scenario of the automotive sector, substitutes for styrene butadiene rubber are continuously supplanting them. On the other hand, the competency of styrene butadiene rubber in giving industrial solutions as well as high-grade emulsion has not been viably outperformed by its substitutes. The foremost inclinations of the worldwide market for styrene butadiene rubber uncover that the sales of styrene butadiene rubber are seeing impressive impedance from environmental laws impeding their creation.

The requirement for styrene butadiene rubber is likewise foreseen to stay high in the automotive sector for its prevalent application in the affixation in addition to the production of tires. All through the estimated time frame, the worldwide styrene butadiene rubber sales are projected to remain connected in the APEJ (Asia-Pacific excluding Japan) market. Favorable industrial guidelines in the APEJ nations are likely to keep on supporting the mass-scale generation of styrene butadiene rubber emulsions and solutions. In addition, APEJ nations, in particular, China, South Korea along with India are at the front line of worldwide automobile manufacturing. The requirement for styrene butadiene rubber in these nations is anticipated to be in high contrast with different portions of the world. In the course of 2026, the market for styrene butadiene rubber in the APEJ market is foreseen to record an extraordinary requirement in certain regions of the Middle East and Africa, Europe as well as North America. The worldwide styrene butadiene rubber market is seeing low support of synthetic rubber makers. Just a bunch of organizations are getting down to the competition scenario of the worldwide market for styrene butadiene elastic. The research has represented Sinopec, Asahi Kasei, Lion Elastomers, LG Chem, Polimeri Europa, in addition to Lanxess as the main producers of styrene butadiene rubber in the worldwide market. These organizations are required to stay dynamic in the extension of the worldwide styrene butadiene market all through the estimated time frame

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Café to Lead the Overall Market on the Basis of Volume in the Automatic Coffee Machines Market

The utilization of coffee keeps on staying higher as a result of different wellbeing related advantages. In view of the fact that drinking coffee essentially brings down the danger of Parkinson’s ailment and liver cancer, the inclination of drinking coffee keeps on staying higher when contrasted with the different hot beverages. Drinking coffee helps in expanding the energy levels as a result of expanding the level of stimulating caffeine. Makers are progressively concentrating on creating automated machines for the fast arrangement of food items. These aspects are likely to affect the development of the worldwide market for automatic coffee machines emphatically.

As the requirement for serving excellent espresso emerges, different restaurants, café as well as the hotel are progressively implementing automatic coffee machines. Developing inclination of serving fresh and hot food and beverage items has presented noteworthy difficulties for the cafés, hotels in addition to restaurants. Expanding the need for fast services has driven the makers in the food and beverage sectors to create automatic machines for reasonably quicker preparation of food items. An upsurge in the number of quick-service cafés as well as restaurants will keep on contributing to the development of the worldwide market for the automatic coffee machine over the years to come.

On top of the fast progressions in technology, makers are concentrating on creating inventive and eco-friendly amicable equipment. Additionally, producers are concentrating on incorporating touch screen includes in the automatic coffee machines. Incorporated with touch screen attributes and smart technology that allows the end clients to control and connect the coffee making clock include in the machine. As the automatic coffee machine is coordinated with Wi-Fi innovation, the end clients could helpfully interface with the machine and schedule a coffee preparation time. The integration of cutting edge technological attributes will keep on affecting the development of the worldwide market for automatic coffee machines emphatically.

Bound to different wellbeing related advantages, the need for coffee is anticipated to stay higher. As the utilization of coffee allows the end-users to expand their profitability, the implementation of the automatic coffee machines is anticipated to stay higher in different workplaces and commercial buildings. Other than expanding profitability, the utilization of coffee helps in decreasing the stress of the workers. As the utilization of coffee helps in boosting the manufacturing of neurotransmitters, for example, dopamine, serotonin, and noradrenaline, which animates the central nervous system. Ascribed to different wellbeing related advantages, the establishment of automatic coffee machines is estimated to stay higher in different workplaces.

A developing requirement for coffee machines with pre-infusion and pre-grinding features has prompted increment in need of super-automatic coffee machines worldwide. Based on product type, the super-automatic coffee machine fragment is estimated to reflect the most noteworthy development on the basis of volume, holding more than 2,600’000 units before the finish of 2026. Moreover, the super-automatic coffee machine fragment is projected to record a remarkable CAGR in the approaching years.

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Sturdy Customer Preference for Biodegradable Packaging to Generate Higher Sales Prospects in the Paper Bags Market

Even though paper bags are known to be significantly more eco-friendly when contrasted with plastic, numerous inquiries have been raised regarding the justification of utilizing disposable paper bags. Numerous individuals utilize paper bags at any rate twice before discarding them. To specialists, chopping down of a large number of trees in return for a couple of minutes of paper packs utilization adds up to reckless utilization of accessible assets. According to estimates, almost 14 million trees are chopped down in the U.S. to oblige the requirement for almost 10 billion paper bags.

Quickly expanding the number of the developed retail sector, supermarkets, and shopping malls have been fundamentally boosting the requirement for paper bags all over the world. Asia Pacific Excluding Japan is probably going to provide more prominent prospects for paper bags companies over the years to come. Inferable from expanded retail sectors combined with expanding inclination for environment-friendly as well as biodegradable packaging amid buyers, the market for paper bags is exponentially developing in the region.

Foremost Aspects Determining the Paper Bags Market

  • Nonstop Expansion in the Requirement from Retail Industry Projected To strengthen Paper Bag Sales

The worldwide market for paper packs is ready to confront overwhelming need from the retail segment, which holds the greater part of the overall sales. The retail industry is indicating strong performance in the greater part of the regions, notwithstanding Eastern Europe and Latin America. Both these markets are yet to leave the grasp of the economic slowdown, with the recuperation procedure continuously grabbing pace.

In the MEA region, a noteworthy share of the need for paper bags is projected to be from the construction and building industry. A large portion of the market has been engaged with the war that has been hauling along for over 10 years and has brought about a condition of political impasse. As harmony is reestablished in the market, foreign firms are required to come in and encourage worldwide endeavors to remake the war-torn countries. Besides, numerous nations have approached and demonstrated astuteness for the equivalent, which thus, is probably going to make noteworthy interest in paper sacks, especially to convey cement and different construction materials.

  • Sturdy Customer Preference for Biodegradable Packaging to Generate Higher Sales Prospects

With expanding awareness regarding medical problems and the negative effect of substitute packaging solutions, end users are having more requirements for paper packs. According to the study done by the European Commission during 2017-18, 70% of shoppers cast a ballot for forbidding non-decomposable and single-use bags in the supermarket. Practically 79% of customers are settling on paper packs since they are best to touch and handle. 80% of customers incline toward biodegradable grocery bags. Henceforth the foremost players are embracing late innovations that lift the strength and quality of the paper bags according to the necessity of purchasers.

  • Accentuation on Eco-Friendly Products to Boost Paper Bags Market Development

To lessen the effect of environmental pollution, climatic change, and global warming, numerous governments are stressing the utilization of environment-friendly and effectively recyclable packaging solutions, in this way conceivably raising the need for paper bags.

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Progressions in Digital Technology Would Help the Global Teleradiology Market

The increasing pervasiveness of cancer is one of the significant reasons fueling an expansion in revenue development of the worldwide teleradiology market. As per the National Institute of Cancer, around 449 novel cancer cases per 100,000 people are analyzed every year in the U.S. Likewise, around 39% of people are required to be determined to have cancer during their life expectancy. The American Society of Clinical Oncology evaluates that around 4000 kids and young people and almost 24,000 grown-ups in the U.S. were anticipated to have either central nervous system or brain cancer during the year 2016. That is the reason the worldwide teleradiology market assists an essential life-sparing capacity and advantages of the two patients and doctors.

Informatics frameworks connected to the worldwide teleradiology market permit the quick move of excellent images to the ideal clients or their area and this causes the picture to be appropriately translated by the healthcare advisor. A quick upgrade in digital image processing technology allows pictures to be viably dispersed all over the world. With trend-setting innovation promoting better transmission capacity, the worldwide teleradiology market has expanded in scale and size with overall focuses giving every minute of every day detailing for crisis imaging in nations in various time zones.

Teleradiology comprises the exchange of imaging information crosswise over national limits, for which keeping up data confidentiality and security is essential. The absence of a productive strategy to verify information could fundamentally affect the development of the worldwide teleradiology market. To shield information from theft, there is a pressing requirement for remarkable data encryption innovation and virtual private systems. The absence of data security tools and robust technologies could obstruct the development of the worldwide teleradiology showcase.

Teleradiology applications contain telemonitoring, telediagnosis, and teleconsultation that allows radiologists to play out their work adequately. Teleradiology ensures nearby solutions with remote access by the cloud network worldwide and real-time elucidation. The expanding pervasiveness of long haul ailments, for example, cellulitis, osteomyelitis, and breast cancer, and developing several crisis cases in less created regions are anticipated to fuel the market further.

Expanding buyer awareness concerning teleradiology and simple accessibility of this innovation are boosting the market’s development to a significant degree. Because of the online accessibility of the radiology series, diagnostic pictures of complex issues can be shared between experts inside a restorative setting. Also, radiologists or local clinicians could get assessments from subspecialists to settle on an educated choice. Dynamic initiatives and participation are taken by different government and non-profit associations to spread awareness concerning telemedicine globally are likewise expected to fuel the development of the market. A greater part of teleradiologists will lean toward CT-scan as the methodology for finding, revenues from which are anticipated to flood growth. Ultrasound scans and MRI scans would likewise be noticeable methods of completing teleradiological conclusions. While medical clinics and facilities, by and large, will remain the biggest end-clients of teleradiology, the need for such diagnostic technology is likely to pick up footing all over ASCs

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High Nutritive Estimation of Diastatic Malt Extract is Boosting Sales in the European Market

Diastatic malt extract is gotten from stocked grains also is utilized as an alternate item supplanting honey and sugar in bakery items expected to nourish yeast. Another significant component of diastatic malt is that it could likewise diminish the requirement in bakery items for extra artificial sugar and along these lines can be labeled as sugar-free. Additionally, as diastatic malt is plentiful in enzymes and vitamins, it expands the dietary benefit of baked items and furthermore helps in broadening the shelf life of usability of bakery items. These optimistic attributes of diastatic malt along with awareness regarding its medical advantages are boosting the requirement for malt ingredient established bakery items. To underline this spot, it ought to be viewed as that malted barley extract substitutes sugar required for nourishing yeast at a proportion of 3/4th in bakery items; 12 oz of malted barley extract substitutes 16 oz of sugar. Wellbeing cognizant customers of the current occasions lean toward less sugary or sugar-free food products, and this aspect is projected to boost the requirement for malt ingredient-based bakery items in the approaching years.

The buyers of nowadays have moved their inclination towards organic and natural food products, with attention to the different medical advantages such kinds of food offers. Furthermore, exacting government guidelines on food additives are right now a significant worry for food makers. Because of this, food makers are focusing on creating clean label products by restricting or not utilizing food added substances and expanding the implementation of natural food colors and flavors as alternatives to synthetic additives. Food makers are likewise focusing on utilizing the inclination of purchasers towards wellbeing and health over the expense of items and utilizing malt as an ingredient, other than others, to verify clean label approval for different food items. Notwithstanding the clean label claims, malt founded ingredients allow food producers and bakers from product labels to supplant higher fructose corn syrup.

Because of an expanding need for barley and wheat malt in different applications, the requirement for comparative substitutes is picking up footing worldwide. The lack of barley and wheat malt could be turned away by utilizing different grains, for example, rice; but the substitute grains don’t have a similar nutritional also fermentation and different characteristics, for example, that of wheat and barley, and along these lines can’t be consolidated as a straight alternate. This is one of the fundamental limiting variables obstructing revenue development of the Europe malt extract market. Even though there are an enormous number of players in the bakery industry providing conventional bakery products, just a couple of players utilize malt ingredients in the items they provide. Then again, individuals everywhere throughout the world are progressively inclining toward food with natural ingredients attributable to natural health advantages. This is a significant trend in making high potential prospects for organizations providing such items. This likewise makes prospects for new local players to enter the malt extract market to use developing the need for clean label, high nutritional value, sugar-free, and gluten-free products from the food and beverage, bakery and brewery industries.

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Demand for Oral Syrups to Fuel Growth of the Cold Cough and Sore Throat Remedies Market, Finds FMI

Future Market Insights recently published a market study that highlights the growth of the cold, cough, sore throat remedies market during the forecast period, 2016-2026. According to the presented study, the cold cough and sore throat remedies market is set to reach a market value of ~ US$ 45,432.8 million towards the end of 2026 growing at a compounded annual growth rate (CAGR) of around 3.2% through the forecast period.

The market study offers an in-depth analysis of the various factors that are expected to influence the overall dynamics of the market including, the current & historical trends, critical success factors, macroeconomic factors, and more.

Some of the major factors that are likely to influence the growth of the cold cough and sore throat remedies market include, the growing incidences of common cold & cough, steady growth in healthcare spending, high adoption by large-scale pharmacy chains, observable growth in self-medication, and shift from prescription (Rx) to over-the-counter (OTC) status. In addition, the availability of a range of dosage forms coupled with advent of generic drugs into the market are some of the other factors that are expected to boost the growth of the cold cough and sore throat remedies market.

By drug type, antihistamines are likely to dominate the value share of the global cold cough sore throat remedies market. However, decongestants are also expected to garner significant demand from patients worldwide during the forecast period, finds FMI study.

Emerging Markets Present a Host of Opportunities

The growth of the global market is expected to receive a massive boost owing to high demand from emerging markets such as China, India, Brazil, and Russia among others. According to the analyst at FMI, “The aforementioned regions are tipped to be promising markets especially for over-the-counter (OTC) medication during the assessment period. In addition, as the pharmaceutical industries in the emerging markets is highly dominated by the private sector, pharma companies are vying to establish robust sales and distribution channels in the mentioned countries.” For instance, sensing the growing demand, numerous companies including, Johnson & Johnson Services, Inc., AstraZeneca, and GlaxoSmithKline plc, and more are putting their best foot forward to maximize their market share in the emerging markets.

Consumption of Oral Syrups Expected to Surge

As a large majority of pediatric and geriatric patients opt for delivery of drug dosage in the liquid form, oral syrups segment is expected to gain steady ground during the forecast period. In addition, growing adoption of oral syrups by pharmacy chains in the developed regions such as North America and Europe is likely to play a key role in boosting the sales of oral syrups during the assessment period. Furthermore, the convenience of oral syrups coupled with exponential growth in R&D activities pertaining to oral syrups are some of the other factors that are likely to increase the consumption of oral syrups in the upcoming years.

Cold Cough Sore Throat Remedies Market: Vendor Insights The report includes the company profiles of some of the major market players operating in the market. The leading market players in the market covered in the report include, Reckitt Benckiser Group PLC, Novartis AG, Bayer AG, Johnson & Johnson Services, Inc., Sun Pharmaceutical Industries Ltd., and AstraZeneca plc among others

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Aircraft Refurbishing Market to Grow Steadily in the Near Future

The aircraft refurbishing market, being driven by the requirement for new business seats, has witnessed steady growth in recent years and was estimated to be approximately ~US$ 4.2 Bn in 2018. This is expected to remain the same, with the market thriving at a healthy pace at about 5% in the foreseeable future. This growth can be attributed to the increased demand in developed countries in the North America and Europe region, for the up-gradation of domestic cabins and the increase in the number of short haul flights in the regions as well.

Outdated Technology and the Growth of Aircraft Refurbishing Market

The increased focus on providing better in-flight entertainment has had a significant influence on the aircraft refurbishing market as a whole. The components that are used in in-flight entertainment systems have the disadvantage of becoming outdated frequently, which spells growth for the aircraft refurbishing market. As components constantly need to be updated and replaced, aircraft refurbishment becomes a requirement to keep pace with innovation and technology. This has led to increased interest and new opportunities for manufacturers in the landscape who are looking to capitalise on this by focusing on designing, developing, manufacturing customised solutions for the end users.

Growth in World’s Air Traffic to Impact Global Aircraft Refurbishing Market

There has been an increase in global air traffic, due to changing economic conditions, and the increased spending power of people around the world. And these strong numbers have led to an upsurge in opportunities for the aircraft related industries, the aircraft support markets. According to this report on the global aircraft refurbishing market, by Future Market Insights, this is most relevant in Asia Pacific and Middle East and Africa, where maximum growth by share and percentage of air traffic is being anticipated over the next few decades.

The upgrades that are being offered by various airlines, such as premium economy, with significant benefits such as better consumer experience have also had a positive impact on the growth of the aircraft refurbishing market landscape. Consumers are increasingly inclining towards these added benefits, the experience of which is highly reliant on better aircraft cabins. This has caused manufacturers focusing on components that are customised aircraft refurbishing products to cater to the individual needs of airline carriers.

With weight and power consumption being important in the maintaining the operational and cost efficiency of an aircraft, end-use players are also constantly pressuring manufacturers to make lighter and customized products to suit this purpose, without sacrificing quality. Manufacturers are also increasingly developing products that are of the highest quality that is an important factor contributing to the reputation of the airline companies as well. Airlines are increasingly working towards overall efficiency, of which aircraft refurbishment components used remain largely important.

While service providers of the aircraft refurbishing market are currently offering both standard and non-standard product offerings, it is likely that the market landscape will evolve into a customized offering becoming an industry standard. This trend is also likely to be pervasive and impact the market globally in the coming years.

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Global 5G Tester Market to Grow Robustly due to Advancements in Cellular Technology

The rapidly changing cellular scenario globally has caused the market to witness a flurry of activity in recent years, causing the global 5G tester market to witness growth that has been above average and robust. With advancements in technology having a profound influence, according to Future Market Insights’ recent report, the global 5G tester market to expand bullishly at approximately 15% during the course of the forecast period, with over 40% of the total demand from telecom providers.

The increasing priority of businesses for transmission of data and businesses seeking faster connectivity at lower latency, has resulted in industrial giants increasingly looking to owning private 5G networks. This increased privatization is also likely to drive the demand for 5G testers in the years to come.

Demand for High Speed Connectivity to Fuel Growth of Global Market

There is a rising demand for improved connectivity around the world, with enhanced versions of spectral efficiency. Due to increasing mobile data traffic, especially after the advent of 2G, 3G and 4G network connectivity, 5G is likely to establish its superiority owing to its high speed. The demand is also being fuelled by newer application areas for 5G technology such as connected devices and the creation of the Internet of Things (IoT), etc.

The changing consumer requirements and industrial expectations pushing for the implementation of this technology requires 5G testers, directly boosting the demand for 5G tester devices and ultimately driving the 5G tester market.

Government Initiatives also contributing to Push for Quicker 5G Establishment

The demand for 5G technology which has caused a boost in the associated 5G tester market, is also due to an increase in the demand for fast and reliable networks, the push for which comes from across industries, not limited to telecommunications. This, coupled with government initiatives from around the world for the conduction of research activities is also causing the adoption of 5G testers.

The Current Scenario in the 5G Tester Market

There has been a rise in the number of trials for the effective 5G implementation, particularly in developed countries, with regional markets showcasing greater potential for 5G tester market growth. This can be attributed to the high costs in investment that are associated with the adoption of 5G testers.

While this has opened up a whole host of opportunities for players in the 5G tester market, there are also several challenges that they are looking to overcome for lucrative prospects. Manufacturers are looking to develop end use-specific equipment and new testing infrastructure in the near future. Large scale commercial application of 5G technology is viable and likely to be a reality in the near future, which is likely to introduce a new set of testing challenges in the market. According to this report on the 5G tester market by Future Market Insights, overcoming challenges related to the measurement and test in terms of design, validation, and manufacturing, will be the key determinant for 5G testers

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Smart Agriculture Solutions Gain Momentum Owing to Technological Innovations and Rising Investments Finds FMI Study

A recently published market research report by Future Market Insights (FMI) provides valuable information pertaining to the growth trajectory of the smart agriculture solution market for the forecast period, 2016-2026. As per the study, the global smart agriculture solution market was valued at ~ US$ 10 billion at the end of 2016 and is expected to reach a market value of ~US$ 40 billion by 2026. Further, the report states that the market is likely to grow at an impressive pace with a compounded annual growth rate (CAGR) of ~ 11.2% during the assessment period.

The market study reveals that several factors are expected to propel the growth of the market in the forthcoming years including, steady rise in investments in smart agriculture. In addition, in the current scenario, numerous small, medium-sized market players are highly focusing on the development of innovative precision farming solution by deploying drones and cutting-edge imaging technologies.

Moreover, as market players continue to lean towards providing data services to improve the yield capacity and resource utilization of farmers, the smart agriculture solution market is tipped to grow at a rapid pace through the forecast period.

An analyst at Future Market Insights states, “The growing number of investments in smart agriculture solutions coupled with rising partnerships in the value chain are some of the key factors that are likely to influence the growth of the smart agriculture solution market in the upcoming years.”

North America Set to Dominate the Smart Agriculture Solutions Market

The articulate and well-researched market report on the smart agriculture solutions market reveals that North America is expected to dominate the market in terms of market share, size, and value during the forecast period. Further, the report highlights that the market in North America is projected to reach a value of US$ 15 billion by 2026 with a CAGR growth of ~9.8% through the assessment period. Innovations, technological advancements, and exponential rise in the number of investments in smart agriculture solutions are the major market drivers contributing towards the growth of market in North America.

However, Asia-Pacific excluding Japan (APEJ) is expected to gain steady ground in terms of market share and size owing to growing demand for smart agriculture solutions, emergence of new market entrants, and growing awareness related to the benefits of smart agriculture solutions.

Global Smart Agriculture Solution Market: Vendor Insights Future Market Insights, in its published report, lists some of the leading market players in the market along with well-curated and insightful profiles of each company. Some of the most prominent players operating in the smart agriculture solutions market are, Dirt Road Data, Inc., Iteris, Inc., CropMetrics LLC, Agribotix LLC, AgriSight, Inc., SemiosBio Technologies Inc., Granular, Inc., Trimble Navigation Ltd., Site-Specific Technology Development Group, Inc., and AgJunction LLC. The aforementioned companies are eyeing investment and partnership opportunities with small-medium sized enterprises to consolidate their market presence and expand their product offerings.

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Adoption of UV Coatings in Printing and Packaging to Spur Market Growth Finds FMI Study

Future Market Insights recently published a market study that tracks the growth of the global UV coatings market during the period, 2016-2026. The report introspects the market scenario in the various geographies and provides a thorough analysis of the market share, size, and recent developments in each region including North America, Latin America, Asia-Pacific excluding Japan (APEJ), Europe, Japan, and Middle East & Africa.

As per the report, the UV coatings market in Asia-Pacific excluding Japan is set to experience an impressive growth at a compounded annual growth rate (CAGR) of ~ 9.2% during the forecast period, 2016-2026. According to the report, the market value of the UV coatings market in APEJ towards the end of 2016 was over the figure of US$ 1,000 million and anticipated to surpass a valuation of US$ 2,000 million by 2026.

The robust growth of the UV coatings market in the APEJ region is primarily due to an exponential growth of the production of semiconductor and electronics good along with the steady growth of the automotive sector in China and India. According to the report published by Future Market Insights, from its market value share of ~30% in 2016, the APEJ region is expected to amass a market share of more than 45% towards the end of 2026.

China Set to Remain a Major Hub within the UV Coatings Market in APEJ

According to the market study, China is expected to dominate the market in APEJ owing to an array of factors including, high adoption of radiation-cured technology, focus on research and development activities to meet the governmental regulatory guidelines, and steady growth of the printing industry. Moreover, in recent years, a considerable growth in the printing industry was observed in APEJ primarily due to the onset of flexographic and 3D printing for a broad spectrum of applications including, labelling, advertising, literature publications, and packaging among others.

Further, the demand for UV cured coatings is forecasted to accelerate especially from the printing and packaging sector largely due to the optimum quality of finishing and surface protection. Moreover, traditionally, UV coatings are widely used as a coating medium in the wood and furniture sector especially in the APEJ region which in turn has played a key role in the development of the UV coatings market in the region.

In addition, according to the FMI analyst, “The growth of the wood and furniture market coupled with a significant boom in the residential sector in Asia-Pacific are some of the factors that are likely to provide an impetus to the growth of the UV coatings market in the foreseeable future.”

UV Coatings Market: Vendor Insights The report offers an in-depth analysis of the prominent market players operating in the UV coatings market. Some of established companies operating in the UV coatings market include, Akzo Nobel N.V., Arkema Group, BASF SE, PPG Industries Inc., Axalta Coating System LLC, Croda International Plc., Watson Coatings, Inc., and Sokan New Materials among others.

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