Slitting Machine Market is expected to grow to US$ 682 million by 2032, at a CAGR of 3.2% during the forecast period.

The global Slitting Machine Market was worth US$ 498 million in 2022 and is expected to be worth US$ 682 million by 2032, at a CAGR of 3.2% during the forecast period.

Paper, plastic film, and metal foil slitting is a common task for a slitting machine. Slitting soft material can be accomplished with either circular or straight blades. To split a large roll of hard material, such as sheet metal, two cylindrical rolls with matched grooves and ribs are used.

Slitting machines are frequently used in converters. It is frequently used in industries that involve material coating, printing, and lamination. Slitting machines are also highly efficient and cost-effective. Furthermore, the packaging industry employs the slitting machine to cut paper. Plastic rolls are cut into narrower rolls, which are then used on packaging equipment.

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Global slitting machine market: Dynamics

The key driving factor of the global slitting machine is increasing automation in packaging industry along with increasing health consciousness among consumers. The macroeconomic factors are driving the global slitting machine market such as growing economy, increasing per capita income and rapid rate of urbanization in emerging countries such as China, Brazil, Mexico, and India.

The growth of the global slitting machine market is driven by growing demand for slitting machine in metal cutting and increasing investments in the food industry. In addition, rapidly growing paper, as well as plastic industry, is also one the key driving factor to grow the slitting machine market across the globe.

The key restraining factor which restricts to grow the global slitting machine market is the safety regulations related to slitting machine market. Some of the factors trending the slitting machine market include mergers and acquisitions with local players as well as increasing the demand for high quality packaged food. In addition, technological advancement such as slitting machine which is embedded with touch screen PLC (Programmable Logic Controller) is the major trends of slitting machine market across the globe.

Global slitting machine market: Regional Outlook

Based on the geographies, the global slitting machine is segmented into seven regions globally such as North America, Eastern Europe, Asia-Pacific excluding Japan, Latin America, Western Europe, Japan and Middle East & Africa. Among above-mentioned regions, North America contributes high market share in the slitting machine across the globe followed by Western Europe, owing to rapidly growing food industry in this region.

Western Europe is predicted to contribute the significant share in global slitting machine market over the forecasted period, due to the highly growing packaging industry along with significant growth in the automotive industry in this region.

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The Asia-Pacific excluding Japan region also captures for the significant share of the global slitting machine market with high growth rate, attributed to increasing per capita income, the rapidly growing population, along with highly growing steel industry in this region. Latin America is estimated to showcase a positive growth rate in the global slitting machine market, owing to robust growth in the steel industry and changing the life style of consumers in this region. The Middle East and Africa is estimated to witness high growth rate in global slitting machine market, attributed to high growth in the metal slitting industry in this region.

The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Few associated players of global slitting machine market as follow:
• Dah Bah Machinery Industrial Inc.
• HCI Converting Equipment Co., Ltd.
• Universal Converting Equipment
• TTR EUROWORKS BV
• Euromac s.r.l.
• ASHE Controls Limited
• Yo Den Enterprises Co., Ltd
• Toray Engineering Co.,Ltd.
• Webcontrol Machinery Corp.

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Key Segments Profiled in the Slitting Machine Market Survey
By Type:
• Roll/Log Slitter
• Slitter Rewinders

By Operation:
• Manual
• Automatic

By Material:
• Paper
• Foil
• Polymers
• Other

By Region:
• North America
• Latin America
• The Asia Pacific
• MEA
• Europe

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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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Water Source Heat Pump Market is expected to be reach US$ 1,464 million during the forecast period of 2022 to 2032.

With a 4.5% CAGR, the global Water Source Heat Pump Market is expected to be worth US$ 1464 million by the end of the forecast period. In the coming years, market growth is expected to be fueled by increasing government support. The industry is expected to generate US$ 945 million in 2022.

The growing concern about energy security and environmental sustainability, as well as changing bio-based infrastructure trends, will help the water source heat pump industry grow. Furthermore, a strong trend towards the use of carbon-free equipment, as well as favourable government policies aimed at reducing the use of fossil fuels, will benefit the business environment.

Increased residential and construction investment will create new opportunities for water source heat pump suppliers. The high cost of heat pumps may limit market growth throughout the forecast period. Water-to-air heat pumps are expected to be profitable in the global market for water source heat pumps. Many developing countries are making significant technological advances, creating lucrative opportunities for market participants.

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Key Takeaways from the Market Study

  • The global water source heat pump market is estimated at US$ 905 Million in 2021
  • By product, the water-to-air segment to flourish at a growth rate of 4.5% from 2022-2032
  • By application, commercial water source heat pumps to accumulate a 39% market share in 2022
  • Market in Europe to procure a market value of US$ 125.5 Million by 2032
  • North America to account for 38% of global water source heat pump market revenue
  • Asia Pacific to emerge as one of the most opportunistic markets, clocking a 4.3% CAGR

“Water source heat pumps usage is rising amid growing demand in industries and in residential applications, with a view to reduce adverse environmental impacts associated with operating conventional heat pumps. This has prompted manufacturers to introduce highly efficient product lines, widening market growth prospects,” says an FMI analyst.

Competitive Landscape

Key players in the global water Source heat pump market are Trane, Vaillant Group, Viessmann, Glen Dimplex Group, STIEBEL ELTRON GmbH & Co. KG, Bosch Thermotechnology Corp., Danfoss, Daikin, Carrier, Johnson Controls, Rheem Manufacturing Company, Modine Manufacturing Company, Aermec S.p.A., Bard HVAC, OCHSNER, Mitsubishi Materials Techno Co., WOLF GmbH, Weishaupt Group, and Swegon Group AB. Recent updates from the industry are:

  • In December 2021 – Trane Technologies a global climate innovator – is introducing new digital indoor environmental quality (IEQ) management solutions that provide building owners and facility managers with actionable insights for healthier and more efficient indoor spaces and occupant peace of mind.
  • In March 2021 – Vaillant has extended its range of heat pumps, adding geoTHERM perform, a brine-water heat pump, and aroTHERM perform, an air-water split heat pump. Both heat pumps are designed for use in large new construction and renovation projects, both in the housing sector and commercial properties.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global water source heat pump market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product (Water to air, water to water) by technology (open loop, close loop and hybrid) by Application (Residential, Commercial) and Region (North America, Europe, APAC, MEA, and Latin America)

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Key Segments Covered in the Water Source Heat Pump Industry Analysis

Water Source Heat Pump Market by Product:

  • Water to Air Heat Pumps
  • Water to Water Heat Pumps

Water Source Heat Pump Market by Technology:

  • Open Loop Water Source Heat Pumps
  • Close Loop Water Source Heat Pumps
  • Hybrid Water Source Heat Pumps

Water Source Heat Pump Market by Application:

  • Water Source Heat Pumps for Residential Applications
  • Water Source Heat Pumps for Commercial Applications

Water Source Heat Pump Market by Region:

  • North America Water Source Heat Pump Market
  • Latin America Water Source Heat Pump Market
  • Europe Water Source Heat Pump Market
  • Asia Pacific Water Source Heat Pump Market
  • Middle East and Africa Water Source Heat Pump Market

About Future Market Insights (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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VVT Actuators Market is expected to be worth US$ 2,134.3 million in 2022 and will surpass US$ 3,630 million by 2032.

The VVT Actuator Market is expected to be worth US$ 2,134.3 million in 2022 and US$ 3,630 Million by 2032. Demand for VVT actuators is expected to grow steadily at a CAGR of 5.5 percent over the forecast period.
VVT Actuators enable mechanisms such as advancing or delaying valve timing, changing or overlapping valves, and even lifting valves in some applications.

VVT actuators regulate valve timing by carefully adjusting the opening and closing timing of the intake and exhaust valves in accordance with driving conditions. This significantly improves fuel efficiency and reduces emissions. These actuators typically use hydraulics and oil pressure to change the position of a phaser mechanism.

Numerous Japanese and European engine manufacturers, including Honda, Nissan, Toyota, Audi, BMW, Mercedes, and Volkswagen, have adopted the technology. But over the past few years, a lot of regional producers have also added VVT actuators to their engines. Over the forecast period, the market for VVT actuators is anticipated to grow moderately.

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VVT Actuators Market: Drivers & Restraints

The major factors boosting the growth of VVT Actuators market is rising automation across automobile industry. With rising disposable income, the global automobile market is expected to continuously increase over the forecast period. A large chunk of this demand is anticipated to come from the developing nations of Asia pacific and Latin America.

This coupled with increasing focus on improving fuel efficiency and incorporating automation for better control, together will drive the market for VVT Actuators. Also, as local and regional car manufacturers also increasingly incorporate VVT actuators, demand is on the go.

Furthermore, it is anticipated that many countries will mandate the incorporation of VVT actuator in passenger automotive vehicles, on the backdrop of increasing fuel efficiency, which will significantly fuel the global market for VVT actuators.
Further, with the advent of driverless cars demand for VVT Actuators become unavoidable and the factor is expected to fuel the global VVT Actuators market over the end years of forecast period. However, high cost of VVT Actuators, still keeps the technology tapered with high end vehicles.

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VVT Actuators Market: Regional Outlook

Geographically, VVT Actuators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.North America anticipated to be the global leader in terms of demand for VVT Actuators. The region has endorsed some of the most advanced technologies in vehicle automation, and caters wide-scale technological adoption rate.

Further with the advent of companies into driverless vehicles, demand in the regions VVT actuators market is anticipated to shoot up over the end of forecast period. Western Europe being home to some of the most prominent global car manufacturers also caters huge demand for VVT Actuators, as many passenger cars and buses in the regions comes equipped with this technology, amid saving significantly on fuel efficiency.

With increasing demand for cars in Asia Pacific Exc. Japan (APEJ) region, amid rising disposable income, demand for cars with high end features such as VVT Actuators is also on the rise. A large chunk of demand for VVT actuators is expected to come particularly from China and India based automobile manufacturers, as they shift towards global standards.

Latin America, on similar lines as APEJ is expected to boost its demand for automotive vehicles over the forecast period, fuelling more demand for VVT Actuators in the region. Eastern Europe also attracts high demand for VVT Actuators not only from automotive segments, but also from Marine and Aerospace segment.

The Middle East and Africa, VVT Actuators market is also expected to witness gradual growth over the forecast period, as global car manufacturers are expected to gradually set up their manufacturing bases in the region, over the last years of the forecast period.

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VVT Actuators Market: Key Players

Some of the players identified in Global VVT Actuators market are:-

• Mitsubishi Electric Corporation
• Camcraft, Inc.
• Metal Seal Precision, Ltd.
• Mikuni American Corporation
• Zhejiang DiMa Vehicle Industry Company
• Autorun
• GOGO Automatic Company Ltd
• Delphi Automotive LLP

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

About Future Market Insights (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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Growing Demand for Friction Modifier Additives Market in the Automotive Sector to Reach US$ 2,363.1 Million by 2032

According to FMI, the U.S. Friction Modifier Additives Market will continue to lead the world market during the projected period, with a 15% share in 2022. The estimated market size for Friction Modifier Additives Market worldwide is US$ 1,551.1 million in 2022, and it is projected to grow at a CAGR of 4.3% to reach US$ 2,363.1 million by the end of 2032.

The fast-growing end-use industries of automotive, power generation, and aviation, the rising demand for organic friction modifier additives, and the growing emphasis on preserving and extending the life of equipment are some of the major factors propelling the U.S. market for friction modifier additives.

The Friction Modifier Additives Market is examined in the recently released market report from Future Market Insights, “Friction Modifier Additives Market: Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2032,” which also offers an updated forecast of the market for the next ten years, from 2022 to 2032.

According to the report, the Friction Modifier Additives inorganic product type segment is expected to dominate the market accounting for over 25% share in overall market value by 2022 end, thereby registering a CAGR of 4.3% during the forecast period (2022 – 2032).

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Global Friction Modifier Additives Market: Dynamics

The global Friction Modifier Additives Market is estimated to be driven by rising Organic friction modifier (OFMs) additives as they are mostly preferred for the lubrication of automotive engines. OFMs and zinc dialkyl dithiophosphate (ZDDPs) anti-wear additives react competitively on rubbing ferrous substrates in a tribological contact.

By carefully understanding the chemistry of OFMs, formulators of additives can achieve application-specific lubricants that form ZDDP anti-wear films of optimum thickness and friction, thereby delivering end users the required optimized lubricity, durability, and environmental acceptability of the formulation, thereby paving the way for the growth of the Friction Modifier Additives Market.

Global Friction Modifier Additives Market: Forecast

On the basis of the inorganic segment, the MoDTC segment is anticipated to play a crucial role in building market revenue. The MoDTC segment is estimated to lead the overall Friction Modifier Additives Market accounting for an estimated share of almost 46% in the global Friction Modifier Additives Market value in 2017, by Inorganic Product type.

The segment is expected to register a CAGR of 3.8% within the forecast period. Also, the Automotive Lubricants segment by application is expected to witness rising growth in revenue during the forecast period. As per the forecast, this segment is slated to account for more than 45% share in overall market value by the end of the forecast period. This is largely due to the growing use of vehicles.

On the basis of region, Asia Pacific Excluding Japan (APEJ) is anticipated to dominate the global Friction Modifier Additives Market throughout the forecast period. This regional market is expected to expand at a CAGR of 3.9% during the forecast period. The market in the Western Europe region is anticipated to register a CAGR of 4.4% during the forecast period. These two regions are expected to register relatively faster growth during the period of assessment.

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Global Friction Modifier Additives Market: Competitive Landscape

Some of the players reported in this study on the global Friction Modifier Additives Market are BRB International, Kings Industries Inc, Croda International, BASF SE, CSW Industrials, Chevron Corp, The Lubrizol Company, Dorf ketal, DOG Chemie, Afton Chemicals, LANXESS  among others. Industry players, over the recent past, have been channelizing efforts towards innovative product development.

Moreover, expansion and acquisitions strategies adopted by Friction Modifiers Additives manufacturers to improve sales & distribution networks and enhance their operational efficiencies are expected to continue over the forecast period.

Market Segmentation

Product Type

  • Organic
    • Polymer
    • Fatty Acids
    • Esters & Amides
  • Inorganic
    • MoDTC
    • MoS2
  • Graphite

Application

  • Automotive Lubricants
  • Industrial Lubricants
  • Aviation Lubricants
  • Rail Lubricants
  • Power Generation Lubricants

Region

  • North America
  • Asia Pacific Excl. Japan (APEJ)
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East and Africa (MEA)
  • Japan

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Importance of Coating Additives Market in the Automotive, Architecture, and Wood & Furniture Industry

The global coating additives market is expected to register a robust CAGR of about 4.8% between 2022 and 2032. The market was evaluated at around US$ 10,613.3 Million in 2021 and is predicted to reach US$ 17,724.8 Million by 2032. According to the historical period, the global coatings market registered a healthy CAGR of 4.0% between 2016 and 2021.

This growth is attributed to surging demand from a wide range of industries. Being one of the most crucial ingredients, coating additives are made up of such crucial ingredients consisting of coating formulations that help in regulating its performance. These additives are utilized in a variety of products, including automotive coatings, furniture, and construction.

The rising demand for coatings additives is attributed to their widespread usage in several end-use industries such as automotive, architecture, wood & furniture, and others are expected to drive the market. Considering this, the global coating additives sales are projected to increase at 1.6x, exceeding US$ 11,090.9 Mn in 2022.

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Coating additives are widely used to comply with stringent zero-VOC emission regulations, and various governments all over the world are increasing the demand for eco-friendly additives. Therefore, the introduction of green coating in several industries is expected to increase its sales.

These coating additives are known for their technologically advanced features that incorporate complex formulations and are induced in paints in order to enhance quality and performance. On the back of such advancements in coating additives technology, demand in the market is expected to witness lucrative growth at a steady pace over the projection period.

Key Takeaways

  • Coating additives are known as the type of substances that are added to paints in order to elevate their performance and quality. These additives are utilized to enhance product characteristics and reduce or eliminate issues that arise during the production processes for formulating paint systems.
  • One of the major factors propelling the growth of the coating additives market is the surging demand for environmentally friendly products all over the globe. Growth in the market is elevated by ongoing developments in the chemical industry, the expansion of the automotive and construction industries along with the expensive use of raw materials in order to improve the quality and application of coating formulations.
  • The coatings additives market is anticipated to accelerate over the projection period since it is being benefited from the increased research and development activities in the sector. According to a recent study, key players in the market are likely to capitalize on the rising preference for long-lasting and appealing finishes and the popularity of customized coatings.
  • Coating additives are considered to be a subset of chemically engineered materials with multiple uses in fields. These materials’ performance improvements have led to their widespread incorporation into coatings formulations.
  • Some of the prominent chemical properties such as improved wettability, rheology, dispersion, UV protection, chemical resistance, and high-temperature stability add up to the formulation. The aforementioned factors and the widespread expansion of industries have led to propelling market growth over the assessment period.

Competitive Landscape

In order to efficiently meet the surging demand for functional additives, leading players in the coating additives producers’ market are creating novel products and expanding their geographic reach. For having a strong presence in the global market, it is crucial to make sure that prominent manufacturers in the market are also signing long-term supply contracts with raw material suppliers and end users.

Key Players: –Akzo Nobel NV, Arkema SA., Ashland Global Holdings Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Solvay SA, Momentive Performance Materials, Inc., Arch Chemicals, Lonza Group AG

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Coating Additives Market By Category

By Product Type:

  • Acrylics
  • Fluoropolymers
  • Urethanes
  • Metallic Additive
  • Others (Epoxy, Polyalkyds, and Amines)

By Formulation Type:

  • Solvent Based
  • Water Based

By End Use Industry:

  • Automotive
  • Architectural
  • Industrial
  • Wood & Furniture
  • Others

By Application:

  • Rheology Modification
  • Biocides Impact Modification
  • Anti-Foaming
  • Wetting & Dispersion
  • Others (slip & rub, flexibility, curing)

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More Insights into the Coating Additives Market

China is known as a crucial producer of coating additives, providing a sizable portion of the global paint supply. The output of coatings in China has witnessed significant growth, especially in the paint and construction sectors rise. In addition to that, domestic consumption is rising due to the rapid expansion of industries such as real estate and automotive.

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Epoxy Paints Market: The epoxy paints market is likely to estimate a CAGR of 5% through 2032. The market is likely to be estimated at US$ 36.38 Bn by 2032, up from its current valuation of US$ 59.26 Bn in 2022.

Wood Coatings Market: The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032. Polyurethane finish is also associated with wood coatings.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Growing Popularity of Coil Coatings Market in the Automotive and Construction Industry: Enhancing the Durability of Metal Structures

A new market study by Future Market Insights on the global coil coatings market evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period. The global coil coatings market value at US$ 5.0 Billion in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

The report covers the latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental opportunity, and competition analysis of all the major manufacturers involved in the coil coatings market.

Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats. Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving the number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

The development of new and innovative products will continue to have a tremendous impact on the industry and play an important role in promoting the coil coatings market growth in the near future. Coil-coated metal sheets provide architects with a large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

The Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high-performance and low-cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminum and steel coils are increasingly being imported, particularly from the Asia Pacific.

Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation, and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed of better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence.

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Some of the key developments in the coil coatings market are:

  • In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
  • In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhance the aesthetic and also extend the life of panels, siding, and other components.

Coil Coatings Market By Category

Material Type :

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

End Use :

  • Construction
  • Transportation
  • HVAC
  • Metal Furniture
  • Others

Product Type :

  • Topcoats
  • Primers
  • Backing Coats
  • Others

Application :

  • Steel
  • Aluminum

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How Is The Oil And Gas Industry Pushing Sales In The Coil Coatings Market?

The ever increasing demand for oil and gas resources across the globe is a chief factor expected to propel the market in the forthcoming years. The rising utilization of alloys and metals, especially steel in reactors, pipelines, and structures in the oil and gas industry is estimated to boost the market.

Most of the steel products required in oil and gas plants worldwide need coil coating paint before these are utilized for various applications. The rising extraction of oil and gas in untapped regions is another factor that is likely to aid growth.

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Functional Coil Coatings Market: The functional coil coatings market will generate revenue, surpassing US$ 465 Mn in 2021. Between 2021 and 2031, the market is forecast to exhibit a compound annual growth rate (CAGR) of 5%.

Technical Coil Coatings Market: Sales in the global technical coil coatings market are slated to top US$ 10.3 Bn in 2022. Expanding at a healthy 4.9% CAGR, the market size is projected to total US$ 13.0 Bn by 2027.

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Role of Electronics Adhesives in Wearable Technology and Automotive Industry to Enhancing Product Reliability

As per a study by FMI, the global electronics adhesives market is anticipated to exhibit a CAGR of 8.6% during the forecast period 2021-2031 in comparison CAGR of 7.5% registered between 2016 and 2020. The market for electronic adhesives is expected to surpass a valuation of US$ 4.9 billion by the year 2031.

Polyurethane material accounts for nearly 50% of the global electronics adhesives market share. Driven by the characteristics such as a longer life cycle and thermal resistance, polyurethane is predicted to be the fastest-growing segment in terms of material, registering a CAGR of 8.5% over the course of the assessment period.

Leading market players are launching innovations in electronic adhesives to cater to industry-specific applications. For instance, DELO launched a new pressure-sensitive electronic adhesive to address the increasing demand for applications in smartphone speaker surfaces and display frames for low fill factor. The introduction of these innovative products is expected to drive market growth.

Asia-pacific is leading the global electronics adhesives market. Expansion of the automobile sector and consumer electronics sectors are expected to bolster the scope for application in the region.

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“Key market players are increasing their investments in product development to cater to the rising demand for electronics adhesives due to ongoing development of next-generation wireless 5G infrastructure network,” says the FMI analyst. 

Key Takeaways

  • China is dominating the electronics adhesives market with more than half of the total market share in Asia Pacific and is estimated to reach a valuation of US$ 854.3 million by 2021.
  • India has emerged as one of the most lucrative markets. The country is anticipated to reach a valuation of around US$ 537.5 million by the end of the forecast period.
  • In North America, the U.S. is expected to hold over 80% of the market share, owing to increasing investment in R&D for advanced technologies.
  • Driven by the strong presence of automotive suppliers and manufacturers, Germany is projected to register growth at a CAGR of 7.2% through 2031.
  • Due to the high demand for electronic circuits and devices, the automotive sector is dominating the segment with around 18.8% of the market share.

Key Drivers

  • The growth of the automobile sector is expected to fuel the demand for electronic adhesives.
  • The rising need for anti-theft systems is creating growth opportunities for the market.
  • Increasing demand for encapsulation processes in the telecommunication and mobile industry will bolster market growth.
  • The surging adoption of laptops, smartphones, and tablets is spurring the sales of electronics adhesives.

Key Restraints

  • The high cost of installation is a factor hampering the demand for electronic adhesives.
  • Volatility in the price of raw materials is restraining the growth of the market.
  • The high cost of packaging and advanced machinery is posing a challenge to market growth.

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Competitive Landscape

Market players are focusing on regional expansion strategies and acquisitions to strengthen their foothold. Besides this, some of the market players are focusing on strategic collaborations with regional distributors and end users to expand their customer base.

For instance,

  • Quad Industries and Henkel Adhesive Technologies collaborated to support prototyping solutions and technological value creation in February 2021.
  • In 2021, ShengChyuarn announced that they have specialized in the distribution and production of high-quality organosilicon materials for the application of commercial industrial production.

Some of the leading companies operating in the electronics adhesives market are:

  • 3M
  • Dymax Corporation
  • DOW Chemical Company
  • Henkel AG & Co. KGaA
  • H.B. Fuller Company (Royal Adhesives & Sealants LLC)
  • Evonik Industries AG
  • Sika AG
  • Bostik AG
  • ThreeBond
  • Shin Etsu Silicones
  • Konishi Co, LTD.
  • TERAOKA SEISAKUSHO CO., LTD.
  • TOMOEGAWA
  • YAMATO Co., Ltd

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More Insights on FMI’s Electronics Adhesives Market

The latest market study on the global electronics adhesives market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

Market Segmentation by Category

By Material Type

  • Polyurethane
  • Acrylics
  • Silicones
  • Epoxy

By Application

  • Thermal Management
  • Conformal Coatings
  • Encapsulation
  • Surface Mounting
  • Wire Tacking
  • Soldering
  • Underfills
  • Sealing
  • Constructional

End Use

  • Mobiles and Telecommunication Devices
  • Desktops and Networks
  • Televisions
  • Home Appliances
  • Automotive Electronics
  • Aerospace Electronics
  • Analytical & Measurement Instruments
  • Other Industrial

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Hot Melt Adhesives Market: Global demand for hot melt adhesives is expected to register a CAGR of 5.3% by accumulating a market value of US$ 12,675.5 Million. As of 2022, the market is expected to be valued at US$ 7,562.9 Million.

Polyurethane Adhesives Market: According to Future Market Insights research, during the projected period, the global polyurethane (PU) adhesives market is set to top a valuation of US$ 9.63 Billion in 2022, and further expand at a CAGR of 6.1% during 2022-2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Sirens Market is expected to reach US$ 244.0 Million by 2032, with a CAGR of 3.7%.

In 2022, the Sirens Market is expected to be worth US$ 170.1 million. The sirens market is expected to be worth US$ 244.0 million by 2032, with a CAGR of 3.7%.

In developing economies, increasing threats and accidents have resulted in a rapid increase in the number of victims and a loss of potential business. Adoption of security solutions such as sirens is an efficient way to address these issues. Long-range sirens are suitable for mining and industrial applications, whereas motorised sirens are used for home security.

Omni-directional sirens can be used in areas with high noise levels and high population densities because they cover a larger area. Sirens have external controls that include triggers , which can be tailored to specific requirements. Bulb revolving, LED flashing, and xenon lamp strobe are examples of lighting types of sirens. The sirens’ loud speakers use the most recent piezoelectric ceramic technology.

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Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others.

Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

The regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Participants
Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

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By Segmentation
Segmentation of the global siren market by product type:
• Electronic
• Electro-mechanical
• Rotating
• Single/dual toned
• Omnidirectional

Segmentation of the global siren market by application:
• Civil defense
• Industrial signaling
• Emergency vehicles
• Home/vehicle safety
• Security/warning systems
• Military use
• Others

Segmentation of the global siren market by installation type:
• Wall mounting
• Self-standing
• Water proof connector

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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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Importance of Textile Staples Market in the Fashion Industry: Creating Durable and High-Quality Fabrics

According to Future Market Insights, historical analysis of the global textile staples market surged at a pace of 5.0% CAGR from 2012 to 2021. According to the present estimations, the global market is poised to expand at a 5.5% CAGR between 2022 and 2032.

The growth in the market is attributed to the widespread consumption of textile staples in several end-use industries such as apparel, general and leisure, sportswear, interior flooring, and others is expected to push the sales during the forecast period.

A staple fiber plays a vital role in fabric and garment manufacturing. Changing fabric preferences, especially among millennials, is expected to boost the textile industry, driving growth in the textile staples market.

On the basis of application, the apparel segment is anticipated to contribute about 50% of the total sales and register growth at approximately 3.6% CAGR throughout the assessment period.

Besides this, the interior flooring segment is anticipated to witness the fastest growth over the forthcoming decade. Regionally, Asia Pacific Excluding Japan (APEJ) is expected to be the leading region during the upcoming decade.

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Key Takeaways

  • In comparison with stable fibers such as viscous rayon and polyester, natural staple fibers are used more including cotton, jute, and wool. The demand for natural and eco-friendly textiles is anticipated to surge over the years because the consumption of synthetic staple fibers negatively impacts the environment.
  • According to FMI analysis, cotton is one of the most extensively grown and utilized staple fibers in the textile industry. Since it is known as a multipurpose fiber, it consists of the qualities of cooling, absorption, and softness and is used to make clothing for hot weather. Wool from sheep has insulating qualities which makes it excellent for use in the production of knitted warm clothing.
  • The use of synthetic fibers is extensive among end users. Therefore, prominent companies are producing one of the most popular synthetic fibers, polyester, in a sustainable manner. PET bottles and polyester waste is utilized to create recycled polyester staple fiber. Among several other things, recycled polyester is utilized in carpets, pillows, blankets, and high-end cushions.
  • According to a recent study, India spent around US$ 2.5 billion on the textile industry and was expected to host “Textile Week” at the Indian Pavilion in EXPO2020. This boosted the sales in the global staple fiber market is expanding in the present assessment period due to increased investment in the textile sector and a rise in demand for sustainable textile materials.
  • Growth in the global textile staples market is anticipated to surge with the growing expansion of the pharmaceutical and healthcare industry and rising applications in the automotive and construction sectors. By the end of 2022, the global textile staples market is expected to witness phenomenal sales.

Competitive Landscape

Prominent manufacturers in the market are strategically surging their market presence all over the world by penetrating their way into emerging economies to set up their manufacturing units to decrease operating costs and maximize profit.

  • EI Du Pont de Nemours and Company
  • Lenzing AG
  • International Fibers Group
  • invest
  • Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group)
  • Toray Group
  • Chori Co., Ltd.
  • W. Barnet GmbH & Co. KG
  • Cellulose Cotton Wool Corporation of India
  • Teijin Frontier Co., Ltd.
  • Belgian Fibers SA
  • Grasim Industries Limited
  • Indorama Ventures Public Company Limited
  • Reliance Industries Limited

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Textile Staples Market by Category

By Fiber Type:

  • Natural Fiber
    • Cotton
    • Cellulose Cotton Wool
    • Wool
    • Other
  • Synthetic Fiber
    • Rayon
    • Polyester
    • Acrylics
    • Polypropylene
    • Nylon
    • Other

By Application:

  • Apparel
  • Interior Flooring
  • Medical
  • Upholstery
  • Automotive
  • Construction
  • Filtration

By Region:

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

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More Insights into the Textile Staples Market

Textile manufacturers shifting from manufacturing generic textile products to niche technical textile products are facing lesser international competition. The main focus of manufacturers is the production of cheap textiles in higher volumes. Subsequently, leading companies in the U.S. are expanding their product lineup in the healthcare-related business to gain a competitive edge.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

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Future of Polymer Concrete in Architectural Design: A Cost-Effective and Durable Alternative to Traditional Building Materials

The global polymer concrete market is worth US$ 465 Million as of now and is slated to reach US$ 979.2 Million by the year 2032 at a CAGR of 7.7% between 2022 and 2032. Polymer concrete comes across as a composite material using thermoplastic polymers with an epoxy binder for hardening materials in the construction vertical.

The vital ingredients include gravel, water, and sand, which render it conducive to repairing any of the concrete structures. Polymer concrete overpowers its counterparts concerning impact strength. The prime end-users comprise industrial, municipal & residential, and commercial sectors.

An ever-increasing demand for polymer concrete in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is expected to take the polymer concrete market by storm going forward. This could be attributed to its ability to form complex shapes and fast-curing properties.

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Polymer concrete finds its usage in aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains an exceptional rate of discharge of water from the pipe. These advantages are expected to drive demand for polymer concrete across a multitude of applications.

At the same time, the fact that polymer concrete is costlier than its counterparts cannot be ignored. Special kinds of plastics are being used as an alternative to polymer concrete. Also, there is a visible lack of awareness regarding the benefits (like less dissipation of energy) of polymer concrete, especially in developing economies.

These factors would certainly restrain the polymer concrete market in the forecast period. Future Market Insights has entailed these findings with future perspectives in its latest market study entitled ‘Polymer Concrete Market’.

Key Takeaways from Polymer Concrete Market

  • North America holds the largest market share due to the US being subject to the expansion of the construction vertical. Research states that this sector alone has a headcount of 7 Mn employees. Novel bridges are being constructed in Beaver, Clinton, and Clearfield.
  • Europe stands second on this count and the scenario is expected to remain unchanged even going forward.
  • The Asia-Pacific is expected to grow at the fastest rate in the polymer concrete market due to the construction sector witnessing a boom.

“With construction sector in its full fervor, the global polymer concrete market is bound to witness grandeur in the upcoming period”, says an analyst from Future Market Insights.

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Competitive Landscape

  • WACKER’s, in January 2022, unveiled Moscow Laboratory about cement and concrete additives. This laboratory is a part of WACKER’s new-fangled Innovation Hub for cement and concrete. Its major objective is that of rendering protection to cement and concrete from moisture – during storage as well as post-application.
  • Kwik Bond polyester concrete overlays do provide a 3-decade-old solution, with unparalleled preservation and a 2-hour traffic return in various conditions.
  • Forte Composites manufactures pre-cast polymer concrete and also partners with its clientele for evaluating products made out of wood, fiberglass, or metal and identifying product improvements via the usage of polymer concrete.
  • Dudick Inc. provides trowel-applied, 3-component polymer concrete, which has been designed for diluting acids, solvents, alkalis, and various other corrosive chemicals.
  • Braskem, in October 2019, introduced a recycled polypropylene product comprising one-time usable polypropylene string. After being processed and tested, the string does give out pellets of homopolymer polypropylene (sustainability-oriented) that could be used in the industrial sector.

Polymer Concrete Market Outlook by Category

By Material Type:

  • Polyester
  • Vinyl Ester
  • Epoxy Based
  • Others

By Binding Agent:

  • Natural Resin
  • Synthetic Resin

By Application:

  • Solid Surface Countertops
  • Outdoor Seats & Benches
  • Waste Containers
  • Pump Bases
  • Flooring Blocks
  • Chemical Containments
  • Trench Drains
  • Others

By End Use:

  • Industrial
  • Residential & Municipal
  • Commercial
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What Does the Report Cover?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the polymer concrete market in its latest study, presenting historical demand assessments for 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on material type (polyester, vinyl ester, epoxy-based, and others), a binding agent (natural resin and synthetic resin), by application (solid surface countertops, outdoor seats & benches, waste containers, pump bases, flooring blocks, chemical containments, trench drains, and others), and by end-use (industrial (energy & utilities, pulp & paper, chemicals, metallurgy, food processing, automotive, and other industrial), residential & municipal (buildings, roadways, pipes & tunnel liners, bridges, and others), and commercial (service stations, retail spaces, and other commercial establishments).

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Polymer Emulsion Market: According to the latest market survey conducted by Future Market Insights, the global Polymer Emulsion market is relishing a market valuation of US$ 23,867.2 Mn in 2022, and all are set to expand with a CAGR of 6.1% during 2022 – 2032 period.

Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials