Additives, Adhesives, and Sealants
Overview of the global roofing insulation adhesives market
Technavio’s market research analyst predicts the global roofing insulation adhesives market to witness impressive growth at a CAGR of around 8% by 2021. One of the major factors responsible for the growth of this market is the exponential growth in the construction industry. In the construction and infrastructure industry, roofing insulation adhesives are primarily used for insulation purposes. These insulation adhesives are made of polyurethane, bitumen, and other materials. Roofing insulation adhesives provide high-energy efficiency, thermal insulation, and are chemical resistant. These properties make them ideal for use in both external and internal insulation applications. Moreover, properties such as, high mechanical strength, light weight, long shelf life, ability to perform in all temperatures, lower curing time make the roofing insulation adhesives a preferential choice for their use in flooring and roofing of building.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. North America is the major revenue contributor, and this is attributed to the significant growth in the residential and non-residential sectors. Also, government initiatives toward sustainability of energy-efficient buildings are propelling the demand for insulated roofing. For instance, according to the New York State Green Building Construction Act, all buildings (including retrofits and new construction) that adhere to the green building standards will be eligible for a tax credit. The increasing
Overview of the global electronic adhesives market
The global electronic adhesives market is anticipated to grow at a steady rate and will post a CAGR of close to 10% during the forecast period. The decreasing overall cost of electronic components will drive the growth prospects for the global electronic adhesives market until the end of 2021. Since the latest generation of electronic adhesives cost less in comparison with traditional coating technologies, the manufacturers save 30%-50% in overall component manufacturing cost and attain a reduction in several rejects. For instance, in a highly filled epoxy resin, 1%-2% of the entire component cost goes to putting wires into a board connector. It has been observed that with the reducing number of rejects and minimization in overall component costs, the global electronic adhesives market will continue to grow during the forecast period.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market’s growth in the region includes the shift of manufacturing bases to APAC by the key vendors, availability of cheap labor, low land prices, and low manufacturing costs.
Competitive landscape and key vendors
The global electronic adhesives market is extremely competitive due to the presence of a large number of regional and international players operating in the market. These vendors are increasingly investing in research and developmental activities to increase their market penetration and expand their product portfolio.
Key vendors in this market are -
- Dow Corning
- Evonik Industries
- H.B. Fuller
Other prominent vendors in the market include Dymax, Hitachi Chemical, Indium, KYOCERA
Overview of the global grease additives market
The ability to perform well at high temperatures is extremely crucial for grease additives to be used for different end-user applications. This requirement has augmented the demand for complex soap-based greases as they perform well in different temperature ranges compared to simple soap-based greases. Grease additives influence energy efficiency by reducing the energy losses in engines due to friction in hydrodynamic, lubrication regimes, and elasto-hydrodynamics. The increased adoption of energy-efficient measures through friction modification and viscosity optimization are acting as an effective driver of the global grease additives market. The market is witnessing the use of high-performing biodegradable greases and their additives, which are either vegetable oil-based or based on synthetic esters. These greases do not release harmful residues after use and degrade sooner than the mineral-based alternatives. Moreover, the manufacture of biodegradable greases complies with the regulatory and environmental guidelines and also help in improved profit margins on account of the sales of value-added products. Technavio’s market research analyst predicts the global grease additives market to grow at a sluggish CAGR of 2% by 2020.
APAC is the largest revenue contributing region in the grease additives market and is likely to occupy more than 51% of the total market share by 2020. The automotive industry is the major contributor to the market in the region due to the growing population as well as the demand for automobiles in the region. The improvement in engine technologies and growing demand for fuel-efficient cars with reduced emissions are some of the major factors boosting the demand for
Global market overview for adhesives and sealants
According to Technavio’s market research analysts, the global market for adhesives and sealants will grow steadily at a CAGR of over 5% by 2020. A major factor spurring the growth prospects for this market is the high growth of reactive technology-based products. During the forecast period, dispersion and emulsion adhesives and sealants are anticipated to hold significant shares in the global market as water-based reactive formulations are being encouraged over solvent-based formulations to support and meet regulations imposed by various government agencies. As a result, the market for reactive adhesives and sealants is projected to exhibit the highest growth rate owing to the rising demand for construction, leather, automotive, and manufacturing applications.
In terms of geography, APAC was the largest market for adhesives and sealants during 2015 due to the high demand for adhesives and sealants from the growing construction industry and the automotive industry in many developing countries. In this region, it is estimated that the building and construction sector will experience the highest demand for adhesives and sealants and will be closely followed by the automotive sector. Furthermore, the market in this region will also experience huge gains because of the increased production from new players that are investing in developing new products and application areas for adhesives and sealants.
Competitive landscape and key vendors
The global market for
Overview of the global removal fluids market
Removal fluids are primarily used for metalworking processes, where cutting is the major machining technique. These fluids are introduced to the system to cool metalworking tools and machined parts. They help in the removal of metal chips from the workpiece and also protect the metal from corrosion. The increasing volume of vehicle production has boosted the demand for removal fluids, especially in the stamping, machining, and forging areas. Removal fluids that enable high-energy efficiency, productivity, and sustainability are gaining prominence across end-user industries, such as transportation, automotive, and machinery. One of the latest developments in this market is the growing application of synthetic metal removal fluids as they offer advantages including excellent visibility and low foaming tendency during metalworking operations. Moreover, the rising consumption of synthetic and semisynthetic removal fluids will positively aid in the growth of this market during the forecast period. Market research analysts at Technavio have predicted that the global removal fluids market will grow at a CAGR of around 4% by 2020.
APAC is the largest revenue contributing segment in the market and is anticipated to occupy more than 45% of the total market share by 2020. China is the leading consumer of removal fluids due to the growing transportation equipment segment in the country. Since end-user industries in the region have become aware of the benefits of using removal fluids and their cost-effectiveness, its demand for a wide range of applications is increasing. Additionally, factors like the growing acceptance of electrical-
Overview of the global food enzymes market
Technavio’s market research analyst predicts the global food enzymes market to grow at a CAGR of more than 7% during the forecast period. Several food processing companies are increasingly using food enzymes in their products as they help in the fortification of several foods to enhance their nutritional value. These enzymes support digestion and metabolism by assisting in the breakdown of complex carbohydrates and fats present in foods into simpler molecules. The production of alcoholic and non-alcoholic beverages also requires food enzymes as they help in breaking down pectins present in the plant cell walls and increase the quality of juice that is extracted. One of the latest developments in the market is the emerging use of enzymes in nutraceutical products. Factors such as the insufficiency of adequate nutrients in daily foods have pushed several food manufacturers to come up with nutraceutical products, which, in turn, is expanding the commercial production of food enzymes globally. With an increasing shift toward the use of additives and preservatives derived from biological sources in nutraceuticals, the consumption of enzymes will increase considerably over the next few years.
Market analysts at Technavio estimate North America to the highest revenue-generating region in the global food enzymes market. This region is likely to occupy more than 41% of the total market revenue by 2020. The growth of the food enzymes market in North America is providing many growth opportunities for the vendors to extend their product portfolio. Much of the region’s
Additives, adhesives, and sealants are indispensable manufacturing substances because of the role they play in supplementing, reinforcing, and binding various materials.
Adhesives are used to bind two substrates together and are usually segmented on the basis of their adhesion method and application. The most common types of adhesives are plastic, rubber, silicone, tile, and vinyl. Sealants are used to prevent the flow of fluids through openings and joints and are usually segmented based on material type, application, and substrate.