Equipment – Page 3 – Latest Market Trends

Heated Market Will Reach Height of USD 293.24 million By 2024

The global Heated Jacket Market scope was projected at US$ 69.61 million in 2018. It is likely to reach US$ 293.24 million by 2025 with a CAGR of 22.8% during the prediction period. The heated jackets are heated apparels, regularly put on by the professionals and DIY specialists, in the weather conditions of low temperature, with the intention of complete the out-of-doors actions, mostly jobs sites. These can be cleaned & stored without any difficulty.

The cold areas are the prime hotspots for the trades of these jackets. These jackets deliver warmness and comfort on the sites of the jobs. These are mainly tailored with a source of USB power that not only relocates the power of warming from the battery to the heated jacket but is able to simultaneously charge up to double USB well-matched electronic apparatuses or else power tools.

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The exterior layers of heated jackets are manufactured using long-lasting cloths that are resistant to water and wind. More or less these jackets are fixed with LED regulator having a range of temperature settings. The manufacturing companies make use of polyester thermal inside layer in their heated jackets, for the preservation of heat and supreme coziness. The heated jackets discover their application from hefty responsibility jobs to leisureliness actions in adversarial climatic circumstances.

The continuous dropping in the range of temperature for the duration of winter motivates the heated jacket market for the products of winter wear. The regular coats and jackets merely stop the warmth from absconding your body. The heated pads of the heated jackets, which are either powered by battery or an electric source, generate heat and deliver extra warmness. Heated jackets are very common for the utilization at out-of-doors actions, for example supporters of winter sports, construction workers, military forces, and others.

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Normally, decrease of temperature under freezing point, particularly in the provinces for example North America and Europe, is expected to push the demand for the product. Customers hunt for the resistance of climate, locations of heating pad, usefulness and the style, at the times of purchasing these productions.

Numerous sports fans who love rock climbing, snowboarding or else skiing, hiking or biking, have a preference for buying heated jackets because they permit superior movement. The product likewise discovers application in the sector of military because it supports in maintaining the body temperature of the staffs, comfortable, particularly for the duration of patrolling and combats in dangerous situations of cold weather.

Classification:

The global heated jackets market can be classified by Power Rating, End User, Type, Distribution Channel, Applications and Region. By Power Rating, it can be classified as, 7.4 to 20 Volt, 5 to 7.4 Volt, Up to 5 Volt. By End User, it can be classified as women, Men and Kids. By Type, it can be classified as Battery Operated Heated Jacket, Electric Jacket. By Distribution Channel, it can be classified as Offline, Online. By Application, it can be classified as: Mostly open air secondary applications, Leisure, DIY, Construction.

Regional Lookout:

By Region the global heated jacket industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America was the principal local market in 2018. North America experiences dangerous winter circumstances by means of hefty snowfall and cool wind. Usual apparel is not sufficient to look after the body from such kinds of circumstances. Thus, motivating transactions of heated apparels within the state.

The robust development has been observed in the Asia Pacific during the previous small number of years because of growing demand for technically cutting-edge products. Increasing partaking in out-of-doors and adventure sporting actions for example hiking and trekking through the Himalayas is expected to additionally motivate the demand for the product. India, Japan and China have the biggest demand for heated jackets. The North Eastern portion of China has frozen, snow-white and an extended winter. This is expected to motivate the demand for the product on local basis.

Companies:

Some of the important companies for heated jacket market are Ororo, Robert Bosch Tool Corporation, Milwaukee Performance and Dewalt. Additional notable companies are CLIMIX, Paul Hamilton, Venture Heated Clothing, Milwaukee, Heated Wear Gerbing Gyde, Makita, Stanley Black & Decker, Inc., Blaze Wear, H2C Brands, LLC, Duralogic USA, LLC (Rave an).

Riveting Tools Market To Show Tremendous Rise In Upcoming Year

The global Riveting Tools Market was projected at US$ 199.0 million in 2017. The scope of the market is projected to touch US$ 284.8 million by the completion of the year 2025. It is expected to record a CAGR of 4.6% during period of forecast.

Increasing demand for mechanization through the various industries is likely to motivate the development. Growing demand from the construction industry for the installations of steel structure and the development of the infrastructure are likely to appear as one of the main reasons motivating the market.

The riveting tools are extensively utilized in the procedure of fabrication. It confirms the assembly of two constituents. Some of the riveting technologies such as pressed, radial, and orbital riveting the commonly utilized mechanisms in the manufacturing industry. Radial riveting is the maximum broadly utilized technology, because it enables high class joints by means of a smaller amount of input power and abridged cycle time. Riveting tools are mainly a category of fastenings that has an even shaft having cylindrical shape. It attaches the tail and head of the tool.

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Drivers and Restraints:

The position of raw materials, for example the manufacturing of aluminum and steel, is likely to go strong due to sturdy financial fundamentals for example investment owing to greater certainty, heavy-duty intake, increasing income, and low-slung interest charges. Furthermore, the latest restructurings of tax are likely to bolster the development of the steel market in U.S.A. This is likely to benefit the riveting tools industry.

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Classification:

The global riveting tools market can be classified by Application, Product, and Region. By Application it can be classified as Transportation, Aerospace & Automotive, Building & Construction, Woodworking & Decorative and Others. By Product it can be classified as Battery Powered, Pneumatic, Hand Held Lever, Lazy Tong, and Hydro-pneumatic.

Regional Lookout:

By region the global riveting tools market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific has headed the share of the market by means of intake, due to growing demand for MRO operations and assembly in the applications of aerospace in emerging markets. Constant development in the sector of construction owing to the growth in the development of infrastructure undertakings is expected to additionally increase the development.

The existence of a strong industrial base in the U.S.A together with speedy development of automobile sector in Mexico is expected to increase the demand from North America during the estimated future. Growing funds from most the important automobile manufacturing companies, for example General Motors and Toyota, in an attempt to upsurge the capability of manufacture, are likely to motivate the provincial development.

Ever-changing inclinations in the direction of the development of lightweight and eco-friendly automobiles are likely to take an optimistic influence on the demand for the product in Europe. The industry is likewise projected to get advantage from the retrieval of commercial and residential segments of construction in Europe. Furthermore, existence of most important manufacturers of aircraft and aircraft parts is expected to take an optimistic influence on the growth of provincial market during nearby future.

Central and South America are estimated to observe the growth in demand for riveting tools during the period of forecast due to the increasing implementation of rivets such as fastenings in aerospace and automobile manufacturing. Growing demand for lightweight and innovative tools for fastening in vehicles is likely to speed up the replacement percentage of the fastenings. This will consecutively motivate the development of the market within the province.

Companies:

Some of the important companies for riveting tools market are Ningbo Maowang Rivet Mfg. Co, Ltd., Toptul Taiwan, E Ding Co. Ltd, FAR Tools, Honsel Umformtechnik, Advanced Air Tools Company, Inc., AR conic Fastening Systems, Cherry Aerospace, Shanghai Fast-Fix Rivet Corp, Soartec Industrial Corporation, KARAT Industrial Corporation, Lobtex Co. Ltd, Ace Rivet and Fastener Inc., Sioux Tools, Gesipa Blindniettechnik GmbH, Stanley Engineered Fastening Rivtec Ltd.

Global Styrenic Block Copolymer (SBCs) Market is Booming Worldwide from 2020 to 2024

The global Styrenic Block Copolymers (SBCs) Market is estimated to grow at a higher CAGR by the completion of the prediction period. Styrenic block copolymers (SBCs) are the thermoplastic elastomers having extraordinary performance. They are trifurcated as styrene-isoprene-styrene block copolymers [SIS], styrene-ethylene-butylene-styrene block copolymers [SEBS], and styrene-butadiene-styrene block copolymers [SBS].

These are mostly utilized to manufacture landing zones, tabs, waistbands, leg elastics, and side or ear panels in baby diapers. The medicinal items such as syringes, bags and medicinal tubing are also manufactured from this material. The styrenic block copolymers (SBCs) on the source of type of Product could span Hydrogenated Styrenic Block Copolymer [HSBC], Styrene Butadiene Styrene [SBS], and Styrene Isoprene Styrene [SIS].

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The styrenic block copolymer market on the source of type of Application could span Hydrogenated Styrenic Block Copolymer [HSBC] (Medicinal Instruments, Sealants & Adhesives, Polymer Modification, and others), Styrene Butadiene Styrene [SBS] (Cables & Wires, Polymer Modification, Sealants & Adhesives, Footwear, and Roofing & Paving, and others), and Styrene Isoprene Styrene [SIS] (Sealants & Adhesives, Roofing & Paving, Polymer Modification, and others).

The styrenic block copolymers (SBCs) industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake, and Development percentage for the duration of prediction could span North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. By the source of geography, the Asia Pacific is likely to appear in place of the provincial front-runner due to sturdy demand from end-use businesses like Sealants & Adhesives, Roofing & Paving, Medicinal Instruments and Foot ware.

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Speedy progressions in the subdivision of construction influenced by the increasing desire for reasonably priced accommodation and government organizations endorsing simple facilities are motivating the progress in the developing markets; for example Indonesia, China, and India.

The statement revises Trades in terms of intake of styrenic block copolymers (SBCs) in the market. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Versalis, LCY Group, Eastman Chemical Company, LG Chemicals, Zeon Corporation, PolyOne, Dynasol Elastomers, Chevron Phillips, BASF SE, and SINOPEC.

Additional notable companies operating in the field are TSRC, Kumho Petrochemicals Co. Ltd., Momentive Specialty Chemicals, JSR Corp., Kraton Performance Polymers, Denki Kagaku Kogyo Kabushiki Kaisha [DENKA], Asahi Kasei, Kraton Performance Polymers, and Kumho Petrochemicals Co. Ltd.

Hyper-converged infrastructure (HCI) Market Will Generate About USD 13.96 billion By 2024

hyper-converged infrastructure (HCI) market is anticipated to witness a higher CAGR in the near future. Hyper converged infrastructure is an emerging market that is projected to reach more than $13.96 billion by 2024. Adoption of HCI technologies by small and medium enterprises business category is likely to build a potential market in the near future.

Hyper-converged infrastructure market is driven by rising demand from several applications in IT that boosts the IT operating costs along with competency in IT infrastructure. Increase in necessity for managing the network resources is likely to boost the market growth. However, low flexibility and policy restrictions are some of the major hindrances for market development. Storage and infrastructural limitations are likely to disengage the mainstream market activities.

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Hyper converged infrastructure market is segmented as hypervisor comprising KVM, Hyper-V and VMware. Application category involves server virtualization, robo, virtual desktop infrastructure, data protection and cloud systems. Hyper converged infrastructure (HCI) industry is geographically segmented as North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa.

Asia-Pacific market is anticipated to hold a significant CAGR during the forecast period as the software industry is gaining a higher traction owing to rise in cloud deployments, virtual desktop infrastructure and server virtualization.

North America market is anticipated to show a higher growth during the forecast period owing to presence of software industry and key players. Network policies and infrastructural development gain a higher end hence the market growth is assured. Software development scenarios and product life-cycle cases are of great significance in U.S.

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European market is gaining an upper hand thanks to the emergence of network technologies and software policies. Rapid growth of IT & telecom sector in this region is likely to contribute to the regional market growth during the forecast period.

The key players profiled in the hyper converged infrastructure (HCI) market are Dell Inc, Hewlett Packard, Fujitsu Ltd, EMC Corporation, Maxta Inc, Scale Computing, Gridstore Inc and Pivot3 Inc.

Vascular Closure Device (VCD) Market Will Reach Height of USD 1.0 billion By 2024

The global Vascular Closure Device (VCD) Market was appreciated at US$ 1.0 billion in the year 2015 and is expected to reach US$ 1.3 billion by 2024. It is estimated to develop at a substantial CAGR for the duration of the prediction. Vascular Closure Devices (VCDs) are medicinal instruments utilized to attain vascular hemostasis afterward the rupture of femoral artery for the duration of analytical angiography processes or interventional processes. Vascular Closure Devices developed such as an alternate of powered compression.

The Vascular Closure Devices market on the source of Type of End User could span Ambulatory Surgical Centers, Hospitals, Clinics, Acute Care Facilities. The subdivision of Acute Care Facilities is responsible for the biggest stake of the income. Growing occasions of cardiac sicknesses that necessitates instant treatment have increased the admiration of Vascular Closure Device in acute care usage. Furthermore, usage of imaging machineries, for example echocardiography, in acute care for cardiac sicknesses likewise motivates the development.

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The subdivisions of Clinics and Hospitals is projected to observe considerable development during the time span of succeeding 7 years due to the growing admiration of Vascular Closure Device to decrease the necessity for open heart operating processes. This is sequentially powering demand for this equipment all over the world.

The vascular closure devices (VCDs) market on the source of Size of Hole could span Large Hole, Small Hole. The vascular closure devices industry on the source of Type of Access could span Radial, Femoral. The vascular closure device market on the source of Type of Product could span External Hemostatic Devices, Passive Vascular Closure Devices, Active Vascular Closure Devices, Compression-Assist Devices, Collagen Plugs, Clip-Based Devices, Active Approximators, Gel / Sealant-Based Devices, Passive Approximators, Suture-Based Devices.

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The subdivision of Active Approximators was responsible for the biggest stake during the year 2015 due to their greater effectiveness. In addition, a number of companies are concentrating on this subdivision for the announcement of new-fangled merchandises. The subdivision of Passive Approximators is the speedily developing sector such as they deliver dependable and speedy hemostasis of vascular access location. Growing sum of products comes in this group, for example Fast Seal, X-Seal, X-Seal, Angio-Seal. It is projected to generate income for Passive Approximators VCDs above the prediction period.

The Vascular Closure Device (VCD) on the source of Area with respect to Trades in terms of intake, Profits, Market stake, and Development percentage in these areas for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

By the source of geography, North America is responsible for the biggest stake of more than 33%. Reasons credited to this biggest stake consist of technologically advanced healthcare background and existence of important companies functioning in this area. Furthermore, growing occurrences of cardiac sicknesses in the U.S.A. is projected to increase the infiltration of Vascular Closure Device (VCDs) in this area.

The Asia Pacific is projected to observe speedy development during the span of following 7 years owing to the developing markets of India and China. Existence of untouched areas and the unfulfilled necessity of patients have fascinated substantial attention of the manufacturing companies. These are the possible reasons increasing progress in this area. Important companies of diverse areas are increasing their product range to get admission into untouched zones, which accordingly pushes the progress of the market, in this area.

The statement revises Trades in terms of intake of Vascular Closure Device (VCD) in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Scion Biomedical, TZ Medical, Inc., W L. Gore & Associates, ESSENTIAL MEDICAL, Inc., Boston Scientific Corporation, COOK, Abbott Vascular, Cardival Medical, Inc., ST. JUDE MEDICAL, Cardinal Health Inc., C. R. Bard, Inc., Medtronic Plc, Biotronik GmbH & CO.KG, and Merit Medical Systems, Inc. Additional notable companies operating in the field are Transluminal Technologies LLC, Terumo Corporation, Vascular Closure Systems, Inc., Morris Innovative Inc., Essential Medical, Inc., Viv sure Medical Ltd., and Vasorum Ltd.

Industrial Adhesives Market Is Burgeoning Worldwide By 2024

The global Industrial Adhesives Market was appreciated by 9400.0 kilo tons in the year 2014. It is estimated to develop at a substantial CAGR for the duration of the prediction. The industrial adhesives are substituting conservative fastenings in the businesses of automobile, construction and packing, due to the better features of the product. PVA, Epoxy, Acrylic, and additional industrial adhesives are mainly utilized in many bondings because of suppleness, reduced cure period and improved adhesion linkages between additional possessions.

Increasing industrialized production and increasing per head earnings of the customers in developing markets of the Asia & South America are projected to motivate the uses of the adhesive in construction, end user merchandises, and additional segments. The adhesives are progressively utilized to replace the metallic fastenings in automobiles to decrease general car heaviness by about 15%, heading to the decrease the discharges of carbon also.

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Growing funds in Research & Development activities by the most important manufacturing companies, are likewise estimated to increase the general manufacture, treated by introducing tactical strategies, to decrease prices and endorse fuel reserves by using adhesives in vehicles.

The wobbly prices of the raw material and the source, together with the strict governmental guidelines about the ecological deprivation; along with disturbances in the Middle Eastern nations are expected to restrain the market. The Industrial Adhesives market on the source of Type of Application could span Manufacturing Machines, Services & Energy, Packing, Automobile, Medicinal Instruments, Electricals & Electronics, Building & Wood Working, and Pressure Sensitive Products. The subdivision of Packing was the foremost section of application, by way of income projected at US$12,999.0 million during the year 2014. Growing demand for supple packing, frozen foods and growing foodstuff & liquid refreshment manufacturing are expected to increase the development of the subdivision. The subdivision estimated to develop by projected CAGR of 4.4% during the prediction period.

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The subdivision of Automobile is estimated to appear as the speedily developing sector, because of, growing funds by most important corporations in the nations like Thailand, Vietnam, China, and India. The Industrial Adhesives industry on the source of Type of Product could span Ethylene Vinyl Acetate, Epoxy, Acrylic, Polyurethane, Polyvinyl Acetate. The subdivision of the Acrylic Adhesives was the most important section and is estimated to continue ruling the market above the prediction period. The subdivision created income of US$ 3,821.7 million during the year 2014 and is expected to develop at a CAGR of 4.7% for the duration of prediction.

The Industrial Adhesives market on the source of Type of Technology could span Reactive, Solvent- centered, Hot melt glue, Water- centered. The demand for water-centered adhesives is growing for the reason that they show exceptional confrontation to dampness, UV [Ultra-Violet] Rays, and staining. This, sequentially, will take an optimistic influence on the market of industrial glue by means of progress in the approaching years.

The Industrial Adhesives market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

By the source of geography, the Asia Pacific was responsible for the mainstream stake of the market for the duration of the recent past year. It is projected that the increasing demand for the industrial adhesives from numerous businesses for example pressure sensitive products, packing, building & woodworking and transport, expected to motivate the progress forecasts for the market of industrial adhesives in the area of Asia Pacific for the duration of the projected period.

The statement revises Trades in terms of intake of Industrial Adhesives in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Sika, H.B. Fuller, Arkema, Henkel AG Co., AVERY DENNISON, 3M, Avery Denison Corp, Lord Corporation, The Dow Chemical Company, Hitachi Chemical Co., Bayer Material Science, Mitsubishi Chemicals, Cytec Industries Inc., Lord Corporation, and Covestro.

Hydraulic Fracturing Market Worth About USD 81.10 billion By 2024

Global Hydraulic Fracturing Market is anticipated to reach USD 81.10 billion by 2024. Hydraulic fracturing is a technique widely used for the extraction of natural gas and crude oil. The method of hydraulic fracturing primarily involves injection of water along with the chemical additives and propping agents at a very high temperature and pressure to create a network of fractures to improve the rock permeability.

The factors that propel the growth of the hydraulic fracturing market include increase in the rate of production, the surge in demand for energy, and the increase in inclination toward production and rising demand for oil & gas, increased shale oil & gas revolution, the increased government spending, and favorable government rules and regulations.

On the other hand, there are factors that may hamper the growth of the market including high operational expenses. Hydraulic fracturing industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Hydraulic fracturing industry may be explored by technology, material type, well type, application, and geography. The market may be explored by technology as the sliding sleeve and plug & Perf. The “Plug-And-Perf” segment led the market of hydraulic fracturing in 2015 and is anticipated to maintain its dominance by 2024. The key factor that may be attributed to the growth of the market includes ease of accessibility.

Based on material type, the hydraulic fracturing market could span Proppant (Sand, Resin Coated Sand, Ceramic) and Others. The “Proppants” segment led the hydraulic fracturing industry in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes low cost and easy availability.

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Based on well type, hydraulic fracturing market could span into vertical and horizontal. The “Horizontal Hydraulic” segment led the industry of hydraulic fracturing in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes the advantage of fracturing in multiple oil well.

The key applications that could be explored in the hydraulic fracturing industry include Shale Gas, Tight Gas, CBM, Tight Oil, and Others. The “Tight Oil” segment led the market of hydraulic fracturing in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market include low permeability and increasing demand for oil from non-conventional sources.

North America accounted for the major market share of the hydraulic fracturing in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high production of unconventional resources such as shale gas and tight oil, coupled with available resources such as skilled manpower and advanced technology and growing exploration.

Some of the key players that fuel the market growth of the hydraulic fracturing comprise National Oilwell Varco, Inc., Baker Hughes GE, FracChem LLC., Patterson-UTI Energy, U.S. Silica Holdings, TechnipFMC, Nuverra, Schlumberger, Halliburton, US Well Services, and FTS International. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Corrosion Protective Coatings Market Rising Demand, Growth, Trend & Insights for Next 5 Years

Global Corrosion Protective Coatings Market is estimated to grow significantly in the forecast period owing to its wide applications in industries like marine, oil & gas, automotive, etc. Corrosion protective coatings are available in the form of powder coatings or paints, which are applied to steel to offer protection from corrosion, abrasion, chemical, thermal and ultraviolet degradation. They are used in areas of extreme environments like salt water, heat or any kind of severe climatic conditions.

Corrosion protective coatings industry is driven by wide application of the product in several end use industries. Emerging economies of Asia Pacific region are using corrosion protective coatings for defense sectors like navy (ships). Investments for the same is witnessing progress over the recent years. These factors are expected to drive corrosion protective coatings market substantially in the near future. Implementation of strict government policies is impelling research and development activities in the market. However, introduction and growth of eco-friendly waterborne items as an alternative to solvent borne coatings are hampering the market growth of corrosion protective coatings.

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Manufactures are adopting several technologies to improve the efficiency of automobiles. Moreover, increasing use of coatings in automotive is expected to bring more opportunities for the manufacturers in corrosion protective coatings industry.

Corrosion protective coatings market is categorized on the basis of material, technology, end user and geography. On the basis of material, the market is divided into hard rubber lining and soft rubber lining. Soft rubber lining segment is expected to hold larger market share of corrosion protective coatings owing to increasing number of application.

Based on technology, corrosion protective coatings industry is divided into solvent borne epoxy, solids epoxy and waterborne epoxy. Water borne protective coatings are expected to the market of lead corrosion protective coatings since they are extensively used in multiple industrial applications like oil & gas, marine and others.

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On the basis of end user, construction, marine, energy & power, automotive, industrial, transportation among others. Owing to the increase in demand for commercial ships due to growing tourism and automobile industry due to increase in demand, marine, transportation and automotive industries are expected to lead corrosion protective coatings market in the coming years.

Geographically, corrosion protective coatings industry is segmented as North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to dominate the market of corrosion protective coatings owing to the speedy developments in shipbuilding, construction, manufacturing and automotive industries.

The prominent players in corrosion protective coatings market are Ashland Global Holdings, Inc., Axalta Coating Systems, Akzo Nobel NV, BASF Coating GmbH, Polycorp Limited, Koch Knight LLC, STEULER – KCH GmbH, Jotun A/S, The Sherwin Williams Company, and PPG Industries, Inc.

Paper Packaging Materials Market Hit Almost USD 391.17 billion Figure By 2022

The global Paper Packaging Materials Market size is expected to reach USD 391.17 billion by 2022. The paper packaging materials industry is subject to witness a substantial growth due to the increasing demand from various manufacturing industries across the globe. Paper packaging solutions are largely utilized in various manufacturing and retail applications. Increasing adoption of the paper packaging materials is credited to their lightweight and eco-friendly nature, thus rocketing the demand of paper packaging materials market, in recent years.

Additionally, paper-packaging solutions are considered as recycled for multiple use due to their flexibility. These factors are responsible for the increasing demand of the paper packaging materials in packaging sector. Other factors such as ease to use, simple operation and cost-effectiveness are complementing market growth, in recent years. Paper packaging solutions are biodegradable, thus limiting environmental hazards. Paper packaging materials are ideal substitute for plastics in packaging & manufacturing sector. These factors are largely influencing growth of the paper packaging materials industry, thus creating lucrative opportunities for industry players during this period.

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Base materials used for paper packaging include the cardboards, Kraft paper, cartridge paper and recyclable papers. Some of the common types of the paper packaging materials include tetra packs, cartons, folding papers, paper sacks, and corrugated cases. Use of the paper packaging materials varies as per the application. Various application of the paper packaging include the fast food chains, fresh food delivery services, dairy & bakery industry, frozen foods, animal feed, cosmetics and pharmaceuticals industries.

Paper packaging materials are easily recycled due to its variable properties, replacing metal and plastic in manufacturing sector. Paper packaging materials are lightweight, economical and eco-friendly in nature. Paper packaging has shown substantial growth in the Asia-Pacific region due to numerous governmental laws and regulation, thus prompting use of the paper & paperboard over plastic.

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Furthermore, increasing consumer awareness about environmental hazards with excessive use of plastic and complete ban on the use of the lightweight plastic materials in few countries are expected to amplify market growth over the forecast period. Improved financial condition and growing concerns regarding environmental hazards among BRICs nations are anticipated to escalate market value of paper packaging materials market in the near future.

Moreover, easy availability of paper due to its natural abundance serves as a critical factor for sustained market growth. However, factors such as stringent the rules and regulations by local governments all across the globe against deforestation regulations is predicted to negatively influence marker progress. Yet, latest trends including shift from rigid packaging to flexible packaging solutions, and the complete ban on lightweight plastic bags are driving the market growth at present.

Paper packaging materials are manufactured from cellulose fibers; these cellulose fibers are derived from trees. Various additives are added to form a consistent matted mixture. Various on and off-line techniques are implemented for manufacturing of fibrous substrates that are used in paper packaging, later on converting them into suitable packaging components. Some of these widely popular components include wrapping products, bags, sacks, boxes, containers, caps & closure, molded fiber packaging materials, and backing cards, thus providing wide variety in number industrial applications.

The paper packaging materials industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the growing demand form from various manufacturing industries, strict government laws & regulations to promote environment friendly packaging solutions, and existence of well-established manufacturing sector in the region.

Asia-Pacific region is predicted to hold major market share in the paper packaging materials market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid industrialization, ever-growing population, rising number of manufacturing units, and substantial investment by leading industry players considering potential opportunities in the region.

The key players in the paper packaging materials industry are International Paper Co., Smurfit Kappa Group Plc., OJI Holding Co., Stora EnsoOyj, Hood Packaging Co., Georgia Pacific Co., MeadWestvaco, Inc., and DS Smith Plc.

COVID 19 Implications Medical Textiles Market Latest Competitive Insights By 2024

The global Medical Textiles Market is set to project a higher CAGR during the forecast period. Medical textile market is a booming industry with current trends such as consumers are becoming aware on availability of products in the market that demand more quality and service. On a commercial basis, hospitals and clinical institutions are gaining certifications and accreditations in the emerging economies.

The key drivers for the medical textiles industry emphasize on product specification and instant product approval to enlarge market size and presence on a global scale. The biocompatibility of a medical textile pertains to the reactive capacity with blood and human tissue. Presence of high health risks and rise in prevalence of chronic diseases such as high cholesterol and cardiovascular diseases is anticipated to drive the market growth for the forecast period. By raw material the medical textiles market is segmented as knitted, woven and non-woven. Application segment for medical textiles industry comprises healthcare & hygiene products, implantable good and non-implantable goods.

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Geographical segmentation for medical textile market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. European regions account for a significant share owing to maturity of the healthcare market and rise in spending by the regional government. However, political tensions with Ukraine leading to debility of healthcare spending might influence the market situation in Europe.

Asia-Pacific regions are likely to grow during the forecast period and witness higher CAGR owing to rise in demand for baby diapers coupled with rise in standard of living. Increase in spending power of consumers adds to the market development. Availability of baby diapers and hygiene products propels the market scenario in APAC sector.

North America accounts for a robust development in the global scenario due to technological advances and existing products with innovative design and materials. Rise in surgical procedures and need for hospitalization for cardiovascular disease and favorable policies stimulates the market. The key players in the medical textiles industry include Kommanditgesellschaft, ATEX Technologies, Inc, Bally Ribbon Mills, Freudenberg & Co. and Vestagen Technical Textiles, Inc.

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Global medical textiles application outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2022)
• Implantable goods
  • Healthcare & hygiene products
  • Non-implantable goods
  • Others

Global medical textiles raw material outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2022)
  • Non-woven
  • Knitted
  • Woven
  • Others