#Curing Adhesives Market Share

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Choosing the Right Color: Blue Tape vs. Green Tape in Powder Coating Tape

Choosing the right tape for powder coating projects is essential for achieving a clean and professional finish. Among the various options available, blue powder coating tape and green powder coating tape stand out as two of the most widely used varieties. While both serve the primary purpose of masking surfaces during the powder coating process, they have distinct characteristics that may make one more suitable than the other depending on specific requirements.

Understanding Powder Coating Tape

Powder coat masking tape is a specialized tape designed to protect areas that should remain uncoated during the powder coating process. This process involves applying a dry powder to surfaces, followed by heating to create a durable finish. Because of the high temperatures involved, the tape must be designed to withstand these conditions without peeling, lifting, or damaging the underlying surface.

Common Features of Blue and Green Powder Coating Tape

Both blue powder coating tape and green powder coating tape have several similarities:

High-Temperature Resistance: Both types of tape are crafted to endure the elevated temperatures that come with the curing process in powder coating. This ensures they maintain their integrity during high heat without losing adhesion.

Easy Application and Removal: Both tapes offer simple application processes, allowing for smooth handling. Additionally, they are designed to be easily removable without leaving sticky residue behind, which is crucial for maintaining a clean surface.

Versatility: Whether being used in automotive, industrial, or decorative applications, both tapes effectively mask surfaces on a variety of materials, making them versatile tools in the powder coating process.

Distinctions Between Blue and Green Powder Coating Tape

While blue tape and green tape share common features, they also have distinct differences that can affect their performance in specific applications.

Industry Standard: Green polyester tape is often regarded as the preferred industry standard for powder coating masking tape. Its proven reliability and performance make it the most economical and widely used option in the market. Many professionals trust green tape for its consistent quality and ability to perform under high temperatures.

Adhesive Strength: The adhesive properties can differ between the two tapes. Green powder coating tape typically features a stronger adhesive that can withstand more demanding applications, making it better suited for rough surfaces or projects requiring longer masking durations. This strength is particularly beneficial when working with materials that may experience movement or expansion during the curing process.

Thickness and Flexibility: Blue powder coating tape has a thinner carrier compared to green tape, which allows it to conform better to uneven or curved surfaces. This flexibility can be advantageous in applications where precise masking is required, such as intricate designs or detailed components. The thinner profile helps ensure a snug fit, reducing the risk of overspray getting under the tape.

Visibility: The color difference also plays a role in visibility during application. Blue tape is often favored for its bright color, which makes it easy to see against various surfaces. This visibility can help ensure complete coverage and identify areas that may need additional attention. In contrast, while green tape is also visible, it may not stand out as much on certain backgrounds.

Cost Considerations: While both tapes are effective, the cost may vary. Green powder coating tape is generally considered more economical due to its widespread use and availability. However, if a specific application requires the unique properties of blue tape, the investment may be justified.

Application Considerations

When deciding between blue tape and green tape, consider the specific requirements of your project. If visibility during application is a significant factor, the blue tape may be the preferred option. However, if the project involves rough surfaces or requires a stronger adhesive due to extended use, the green tape might be the better choice.

Additionally, think about the durability of the tape in relation to your specific application. For instance, if you are working with delicate surfaces or in an environment where the temperature fluctuates, ensuring you choose the right tape is crucial for achieving optimal results without damage.

Final Thoughts

Both blue powder coating tape and green powder coating tape serve important roles in the powder coating process. Their ability to provide high-temperature resistance, easy application, and versatility makes them essential tools in achieving a professional finish. Understanding the differences in adhesive strength, thickness, and visibility can help you make an informed choice based on your specific needs.

In summary, whether you opt for high temp powder coating tape in blue or green, ensuring that the selected tape aligns with the project requirements will lead to better results. When preparing for your next powder coating job, consider these factors carefully to maximize the quality and efficiency of your work.

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Photoinitiator Market Industry Leaders Size & Share Outlook & New Revenue Pockets

Growing applications and environmental restrictions on VOCs to drive the acceptance of photoinitiators in the market

The global photoinitiators market size was USD 1.6 billion in 2021 and is expected to reach USD 2.6 billion by 2026, projecting a CAGR of 10.3% between 2021 and 2026. photoinitiators are increasingly used in the adhesive, ink, coating and other end-use industries. The increasing demand of coating industry drives the demand for photoinitiators. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for photoinitiators. Due to the lockdown scenario in most of the world, the demand for photoinitiators from adhesive, coating, ink and other industries have declined sharply in 2020.

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As the world is getting ready to open up its economies and reduce restrictions from June 2021, the market will take an upward turn. The photoinitiators market is expected to witness high growth in 2021 owing to increasing applications, technological advancements, and growing demand in APAC. Photoinitiators are largely used in the coating applications by the wood, furniture, and architectural end-use industries apart from adhesive and printing ink industries. This market growth is backed by growing environmental concerns and increasingly stringent regulations.

The increasing number of restrictions on VOCs across the globe is pushing the industry to search for an alternative. Photoinitiators proved to be a safer and economical substitute. It enhances the surface finish as well as the shelf life of the product. Photoinitiators have been developed so that they are safe even for use in the dental industry. Many food safety compatible photoinitiators are also developed. All these photoinitiators are eco-friendly and have virtually no impact on human health.

UV curable resins market has developed high growth prospects in 3D printing, digital printing, packaging, barrier films, and printed circuit applications. Automotive, architecture, medical, and several other industries are using 3D printing solutions to improve their design and manufacturing strategies. The 3D printing technology is expected to advance further in printers and printing methods, materials used in 3D printing, and software for designing and printing. All this directly affects the demand of the photoinitiators market.

Photoinitiators are the key to innovation in coatings, which have influenced the major trends in the coatings industry. The coating industry is largely influenced by stringent regulations set by authorities, including the European Union (EU), for reducing the VOC content from coatings, adhesives and inks. Consequently, the demand has shifted from solvent-borne UV to environmentally friendly products, such as waterborne UV using photoinitiators.

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The demand for waterborne photoinitiators has witnessed substantial growth in the past five years owing to rapid technological developments. In addition to eliminating solvent emissions, photoinitiator-based UV curing formulations provide improved mechanical characteristics, and increased production efficiency, particularly, in the spray application. These benefits encourage end users to adopt photoinitiator-based UV technology for new applications.

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Key Drivers Behind the Growth of the Waterborne Coatings Market

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by an increase in construction activities worldwide. The surge in construction, fueled by rapid industrialization and urbanization, is expected to elevate the demand for waterborne coatings during the forecast period. There is a notable shift in coating preferences from low or high-volatility organic solvents to completely solvent-free options, which produce fewer emissions. This trend is likely to further boost the demand for waterborne coatings in both residential and commercial applications. Interior and exterior wall paint formulations predominantly use waterborne coatings, often based on acrylate/styrene dispersions. Manufacturers are concentrating on reducing the average binder requirement in these formulations by 8–12%, ensuring that the performance characteristics remain intact. Additionally, alkyd-based waterborne coatings are favored by many interior decorators due to their ease of application, glossy finish, and superior adaptability to climatic variations during application and drying.

The anticipated increase in automobile production capacities, along with innovations in design and aesthetics, is expected to be a significant driver of market growth in automotive applications. The rise in automobile production is projected to be fueled by population growth and increasing per capita disposable income, particularly in the emerging economies of the Asia Pacific and Latin America regions.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Resin Insights

The acrylic resin segment led the market, capturing the largest revenue share of 83.4% in 2022. The rising demand from the infrastructure and automotive sectors, particularly due to the durability and glossy color retention of acrylic coatings under outdoor exposure, is expected to boost the demand for acrylic waterborne coatings. The need for acrylic resin-based coatings is anticipated to increase significantly in the foreseeable future, driven by expanding applications in radiation curing and electrodeposition.

In the transportation sector, there is a growing need for refinishing coatings for aircraft, automobiles, ships, railroads, and trucks, which is likely to enhance the demand for polyurethane (PU) coatings. These coatings are popular due to their properties such as abrasion resistance, toughness, and chemical and weather resistance. Stricter government regulations aimed at reducing volatile organic compound (VOC) emissions, combined with a shift in consumer preferences towards waterborne coatings over solvent-based alternatives, are significant factors propelling product demand. PU coatings are available in various forms, including oil-modified, two-component, moisture-curing, and lacquers. The rising demand for PU coatings across diverse end-use industries, such as electrical coils and automotive manufacturing, is expected to positively impact segment growth.

Furthermore, the increasing demand for ultra-low VOC, low-odor epoxy resin-based coatings in the transportation sector and DIY flooring applications is projected to drive segment growth during the forecast period. Epoxy coatings are known for their strong adhesion and anti-corrosion properties, making them suitable for metal surface primers. These coatings are also extensively used in electrical insulation applications due to their high heat resistance. The rapidly expanding electrical insulation industry is likely to support the growth of the epoxy coatings segment in the coming years.

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Emerging Markets for UV LED Applications: Opportunities and Challenges

Ultraviolet (UV) LEDs have been gaining popularity in recent years due to their numerous advantages over traditional UV light sources. They offer higher efficiency, longer lifespan, and lower power consumption, making them an attractive option for various industries. As a result, UV LED chips are being adopted in a wide range of applications, from curing and disinfection to spectroscopy and medical treatment. This article will explore the emerging markets for UV LED applications, highlighting the opportunities and challenges that lie ahead.

Emerging Markets for UV LED Applications

One of the fastest-growing markets for UV LEDs is the curing industry. UV LEDs are being used to cure inks, coatings, and adhesives in various applications, including printing, packaging, and manufacturing. The advantages of UV LEDs in curing include faster curing times, reduced energy consumption, and improved product quality. Another emerging market for UV LEDs is the disinfection industry. UV LEDs are being used to disinfect water, air, and surfaces in various applications, including healthcare, food processing, and wastewater treatment. The use of UV LEDs in disinfection offers numerous benefits, including reduced chemical usage, lower energy consumption, and improved safety.

Opportunities in the UV LED Market

The UV LED market is expected to experience significant growth in the coming years, driven by increasing demand from various industries. One of the key opportunities in the UV LED market is the growing demand for UV LEDs in the medical industry. UV LEDs are being used in various medical applications, including skin treatment, wound healing, and cancer treatment. The use of UV LEDs in medical applications offers numerous benefits, including reduced pain, improved outcomes, and lower costs. Another opportunity in the UV LED market is the increasing adoption of UV LEDs in the automotive industry. UV LEDs are being used in various automotive applications, including headlamps, interior lighting, and paint curing.

Challenges in the UV LED Market

Despite the numerous opportunities in the UV LED market, there are also several challenges that need to be addressed. One of the key challenges is the high cost of UV LEDs, which can make them less competitive with traditional UV light sources. Another challenge is the limited availability of UV LEDs with high power output and efficiency, which can limit their adoption in certain applications. Furthermore, the UV LED market is highly competitive, with numerous manufacturers competing for market share. This competition can lead to reduced profit margins and increased pressure to innovate and improve products.

Innovations in UV LED Technology

To address the challenges in the UV LED market, manufacturers are investing heavily in research and development to improve the performance and efficiency of UV LEDs. One of the key innovations in UV LED technology is the development of high-power UV LEDs with improved efficiency and lifespan. These LEDs are being used in various applications, including curing, disinfection, and medical treatment. Another innovation is the development of UV LEDs with specific wavelengths and spectral outputs, which can be tailored to specific applications. For example, UV LEDs with a wavelength of 365nm are being used in curing applications, while UV LEDs with a wavelength of 254nm are being used in disinfection applications.

Conclusion

In conclusion, the emerging markets for UV LED applications offer numerous opportunities for growth and innovation. The curing, disinfection, and medical industries are just a few examples of the many markets that are adopting UV LEDs due to their numerous advantages. However, the UV LED market also faces several challenges, including high costs, limited availability, and intense competition. To address these challenges, manufacturers are investing in research and development to improve the performance and efficiency of UV LEDs. As the UV LED market continues to grow and evolve, we can expect to see new and innovative applications emerge, driving further growth and adoption of this exciting technology.

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Global Propane Dehydrogenation  to Propylene  Market, Market Size, Market Share, Key Players | BIS Research

Thermoset plastics, known for their excellent mechanical strength, chemical resistance, and durability, have long been integral in industries like automotive, aerospace, electronics, and construction. However, their primary drawback has been that, once cured, they are difficult to recycle. This has posed a significant environmental challenge, as traditional thermosets end up in landfills, contributing to plastic waste. 

The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Propane Dehydrogenation  to Propylene  Overview

Thermosets are polymers that, when cured through heat or chemical reactions, become rigid and maintain their shape permanently. 

The very feature that makes thermosets desirable for applications requiring durability is also what makes them difficult to recycle. Traditional thermoset plastics cannot be reshaped or reprocessed once cured because the cross-linked molecular structure prevents them from being melted down.

Applications for Propane Dehydrogenation  to Propylene  Market 

1 Automotive and Aerospace: These industries rely heavily on thermoset composites for lightweight, high-strength materials that improve fuel efficiency and performance. 

2 Electronics: Thermoset plastics are commonly used in electronic components due to their excellent insulating properties.

3 Construction: Thermosets are used in construction materials such as adhesives, coatings, and insulation. 

Market Segmentation 

1 By End Users 

2 By Technology 

3 By Derivative 

4 By Region 

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Major Key Players  

LyondellBasell Industries Holdings B.V.

Borealis AG

Williams

INEOS Group Limited

GAIL (India) Limited

Jinneng Science and Technology Company Limited

Dow Chemical Company

Koch Industries, Inc.

And many others 

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Demand – Drivers and Limitations

Following are the demand drivers for the global Propane Dehydrogenation  to Propylene  market:

•    Advancement in Thermoset Recycling Technologies Globally •    Regulations Promoting Plastic Recycling in Various Countries •    Investments and Collaboration in Plastic Recycling Industry

The following are the challenges for the global Propane Dehydrogenation  to Propylene  market:

•    Complex Process of Thermoset Recycling •    Lack of Proper Infrastructure for Hard-to-Recycle Products

Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market

• In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's proprietary catalyst technology would be combined with KBR's proprietary K-PRO PDH technology to convert propane into propylene.

•In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.

Conclusion

The propane dehydrogenation (PDH) market for propylene production is positioned for significant growth, driven by the rising demand for propylene across various industries, including packaging, automotive, construction, and textiles.

Overall, the PDH market is poised for expansion, supported by the growing demand for propylene in emerging economies, continued advancements in PDH technology, and a global push towards more energy-efficient and cost-effective chemical processes

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Innovations Driving the Coating Resins Market Growth Through 2031

The coating resins market, spanning 2022-2031, is characterized by a diverse range of resins used in protective and decorative coatings across various industries. Coating resins are key ingredients in producing durable coatings, providing characteristics such as adhesion, hardness, corrosion resistance, and flexibility. They are extensively used in architectural, automotive, industrial, and packaging applications.

The global coating resins market, valued at US$ 40.18 billion in 2021, is projected to grow at a CAGR of 5.2% from 2022 to 2031, reaching an estimated US$ 66.96 billion by 2031. This growth is primarily attributed to the rising construction activities, increasing automotive production, and the growing focus on protective coatings in industrial sectors. Additionally, the shift toward eco-friendly and sustainable coatings due to stringent environmental regulations has further propelled market expansion.

Increase in expandable income and focus on standard of living has increased the usage of paint & coating, which in turn is estimated to boost the coating and paint industry. Several manufacturers are looking forward to providing environmentally friendly products and processes for a wide range of industries. These factors are expected to propel the coating resins market in the next few years.

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Market Segmentation

By Resin Type:

Acrylic Resins

Alkyd Resins

Polyester Resins

Epoxy Resins

Polyurethane Resins

Others (Vinyl resins, Silicone resins, etc.)

By Technology:

Waterborne Coatings

Solventborne Coatings

Powder Coatings

UV-cured Coatings

By Application:

Architectural Coatings

Automotive Coatings

Industrial Coatings

Packaging Coatings

Wood Coatings

Others

By End-Use Industry:

Construction

Automotive

Industrial Manufacturing

Packaging

Aerospace

Marine

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis

Asia-Pacific: Dominates the market due to rapid industrialization, increasing construction activities, and expanding automotive sectors in China, India, and Japan. The region accounted for the largest market share in 2022, with strong growth expected through 2031.

North America: The U.S. and Canada are key markets driven by advanced manufacturing and automotive sectors. Strict environmental regulations promoting the use of eco-friendly coatings further fuel growth.

Europe: The region is witnessing growth in green coatings due to stringent environmental laws, particularly in countries like Germany, France, and the UK. The automotive and industrial sectors are significant contributors.

Latin America and Middle East & Africa: These regions are expected to experience moderate growth, with increased construction activities and industrialization playing vital roles.

Market Drivers and Challenges

Drivers:

Rising Demand for Environmentally Friendly Coatings: Growing awareness regarding sustainability and stringent government regulations have driven the adoption of waterborne, powder, and UV-cured coatings, which contain fewer volatile organic compounds (VOCs).

Expanding Construction and Automotive Industries: Increased construction activities and vehicle production, especially in emerging economies, are boosting the demand for high-performance coating resins.

Technological Advancements: Innovations in resin technologies, such as bio-based resins and high-solid content formulations, are enhancing product performance and sustainability.

Challenges:

Fluctuating Raw Material Prices: Volatility in the prices of raw materials like petrochemicals impacts the production cost of coating resins.

Environmental Regulations: Compliance with stringent environmental laws, particularly in developed regions, adds to operational challenges for manufacturers, particularly in terms of VOC emissions.

Market Trends

Growing Preference for Sustainable Coatings: The shift toward bio-based and eco-friendly coatings continues to shape the market. Waterborne and powder coatings are gaining traction due to their low VOC emissions.

Rise of Smart Coatings: Smart coatings with self-healing and anti-corrosive properties are seeing increased application in industries like automotive and construction, driving demand for advanced resins.

Increased Demand for UV-Curable Coatings: These coatings, known for fast curing times and enhanced performance, are becoming more popular, particularly in automotive and electronics applications.

Future Outlook

The coating resins market is expected to maintain steady growth over the forecast period, supported by advancements in green coating technologies and the increasing demand from emerging markets. Government initiatives promoting eco-friendly products and investments in infrastructure and automotive sectors will continue to drive growth.

Key Market Study Points

Focus on eco-friendly coating resins, especially bio-based and waterborne types, will dominate the market.

Technological advancements in resin formulations will enhance the durability and efficiency of coatings, supporting diverse applications.

Asia-Pacific will remain the largest regional market, followed by North America and Europe.

Smart coatings and UV-cured resins will be among the fastest-growing segments, driven by innovation in high-performance coatings.

Competitive Landscape

The global coating resins market is highly competitive, with key players focusing on innovation and sustainability to maintain market share. Major companies include:

BASF SE

Dow Inc.

Allnex Netherlands B.V.

Arkema S.A.

Covestro AG

DSM N.V.

Evonik Industries AG

These companies are involved in product launches, mergers, and collaborations to strengthen their market position. For instance, BASF and Arkema have been focusing on expanding their waterborne and bio-based resin portfolios to meet rising demand for sustainable coatings.

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Recent Developments

In 2022, Allnex introduced a new range of UV-cured resins designed for automotive and industrial applications, emphasizing fast curing and low VOC emissions.

BASF expanded its production capacity for waterborne coatings in China to cater to the growing demand in the Asia-Pacific region.

DSM launched a bio-based resin series aimed at sustainable coatings, aligning with global trends toward greener products.

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Advanced Wound Care Market Size, Share, Growth, Analysis Forecast to 2030

Advanced Wound Care Industry Overview

The global advanced wound care market was valued at USD 10.77 billion in 2023 and is projected to grow at a CAGR of 4.75% from 2024 to 2030.

The increasing number of surgeries, the augmenting number of road accidents, trauma cases & burns, and the introduction of innovative & advanced wound products are some of the factors driving market growth. In addition, the rising prevalence of chronic diseases that affect wound healing capabilities further elevates the demand for advanced wound products. Moreover, the growing geriatric population is expected to propel market growth, as the geriatric population has slow healing capabilities.

Gather more insights about the market drivers, restrains and growth of the Advanced Wound Care Market

According to the United Nations Population Fund’s India Ageing Report 2023, the population over 60 is likely to increase from 14.9 crores in 2022 to 34.7 crores by 2050, which is expected to propel market growth. People with diabetic foot ulcers (DFU) are at a high risk of lower-extremity amputation. As per a ScienceDirect article, diabetic foot ulcers may affect more than 25.0% of the diabetic population and may result in amputation in 20.0% of patients. However, advanced wound care products help cure diabetic foot ulcers, which are prevalent in diabetic patients. Thus, an increasing number of diabetic patients is expected to elevate the use of advanced wound care products. These products especially help in moisture retention and facilitate rapid internal and external wound healing. Furthermore, these products help in the absorption of necrotic tissues, which are effective in surgical site infections. Hence, healthcare professionals prefer to use advanced wound care products, which is anticipated to propel global wound care market growth over the forecast period.

The COVID-19 pandemic significantly impacted the advanced wound care market. The industry experienced a dip in the demand for advanced wound care products as many hospitals and clinics had to postpone elective surgeries, affecting market growth. Moreover, the outbreak created large-scale opportunities for local manufacturers.

However, the market experienced lucrative growth post-pandemic. Many companies underwent new product launches and mergers and acquisitions, further increasing their product portfolio. For instance, in April 2023, 30 Technology Limited’s anti-infective nitric oxide technology platform was acquired by the Convatec Group PLC, encompassing all chronic & acute wound care assets, research & development, and commercial applications of the technology.

Browse through Grand View Research's Medical Devices Industry Research Reports.

• The global ophthalmic supply market size was estimated at USD 16.3 billion in 2023 and is projected to grow at a CAGR of 4.75% from 2024 to 2030.

• The global honey dressing market size was estimated at USD 33.72 million in 2023 and is projected to grow at a CAGR of 4.91% from 2024 to 2030.

Key Advanced Wound Care Company Insights

Key market players operating in the advanced wound care industry are undertaking multiple initiatives in order to strengthen their market presence and improve their products and services reach. Strategies such as expansion activities and partnerships are playing a key role in propelling the market growth.

ConvaTec Group PLC

Smith & Nephew PLC

Mölnlycke Health Care AB

B. Braun Melsungen AG

3M

URGO

Coloplast Corp.

Integra LifeSciences

Medline Industries, Inc

Recent Developments

In October 2023, DuPont launched a novel soft skin adhesive (SSA), DuPont Liveo MG 7-9960, that boasts higher adhesion and lower cyclic silicone. This advanced adhesive has been specifically designed to be used in wound care dressings and for attaching medical devices to the skin, allowing for extended wear time and gentle removal.

In June 2023, JeNaCell (Evonik) introduced the wound dressing- epicite balance to the German market. The dressing is especially well-suited and adapted for the management of chronic wounds with low to medium levels of exudation, including soft tissue lesions, diabetic foot ulcers, venous leg ulcers, and arterial leg ulcers.

In October 2022, Healthium Medtech introduced a new line of wound dressings, "Theruptor Novo," for the treatment of persistent sores such as diabetic foot ulcers and leg ulcers.

Global Advanced Wound Care Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global advanced wound care market report based on product, application, end use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

Moist

Foam Dressings

Hydrocolloid Dressings

Film Dressings

Alginate Dressings

Hydrogel Dressings

Collagen Dressings

Other Advanced Dressings

Antimicrobial

Silver

Non-silver

Active

Biomaterials

Skin-substitute

Growth Factors

Application Outlook (Revenue, USD Million, 2018 - 2030)

Chronic Wounds

Diabetic Foot Ulcers

Pressure Ulcers

Venous Leg Ulcers

Other Chronic Wounds

Acute Wounds

Surgical & Traumatic Wounds

Burns

End Use Outlook (Revenue, USD Million, 2018 - 2030)

Hospitals

Specialty Clinics

Home Healthcare

Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

China

Japan

India

South Korea

Australia

Thailand

Latin America

Brazil

Argentina

MEA

South Africa

Saudi Arabia

UAE

Kuwait

Order a free sample PDF of the Advanced Wound Care Market Intelligence Study, published by Grand View Research.

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The Curing Oven Market is projected to grow from USD 4,325 million in 2024 to USD 6,245.39 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.70%. The curing oven market is a vital segment within the broader industrial heating equipment industry, playing a critical role in various manufacturing processes across multiple sectors. From automotive to electronics, the demand for curing ovens is driven by the need for efficient and consistent thermal processing, which is essential for curing coatings, adhesives, and other materials. This article explores the current state of the curing oven market, key trends, growth factors, and future prospects.

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Market Overview

Curing ovens are specialized industrial ovens designed to facilitate the chemical reaction necessary for curing a variety of materials, such as powder coatings, adhesives, and composites. These ovens operate at a wide range of temperatures and can be configured in various designs, including batch, conveyor, and continuous ovens, depending on the specific requirements of the application.

The global curing oven market has witnessed steady growth in recent years, largely driven by the expansion of industries that rely heavily on curing processes. The automotive, aerospace, and electronics sectors are among the primary consumers of curing ovens, as they require precise thermal management to ensure the durability and quality of their products.

Key Trends Driving the Market

1. Technological Advancements: The curing oven market has seen significant technological advancements, particularly in the area of energy efficiency and process control. Modern curing ovens are equipped with advanced control systems that allow for precise temperature management, reducing energy consumption and improving the consistency of the curing process. Additionally, innovations such as infrared and ultraviolet (UV) curing technologies are gaining traction, offering faster curing times and lower energy usage compared to traditional thermal curing methods.

2. Sustainability and Energy Efficiency: As industries worldwide increasingly focus on sustainability, the demand for energy-efficient curing ovens has risen. Manufacturers are investing in research and development to create ovens that consume less energy and reduce greenhouse gas emissions. This trend is particularly evident in regions with stringent environmental regulations, where companies are compelled to adopt greener technologies to remain compliant.

3. Customization and Flexibility: The growing demand for customized products has led to an increased need for flexible curing ovens that can be tailored to specific manufacturing processes. Manufacturers are offering ovens with modular designs that can be easily adapted to different applications, allowing companies to optimize their production lines and reduce downtime. This trend is especially prominent in industries such as automotive and aerospace, where production runs often involve varied and complex components.

4. Digitalization and Industry 4.0: The integration of digital technologies and Industry 4.0 principles into manufacturing processes is also impacting the curing oven market. Smart curing ovens equipped with IoT sensors and real-time monitoring systems enable manufacturers to collect data on oven performance, identify inefficiencies, and make data-driven decisions to improve productivity. This digitalization trend is expected to continue shaping the market, as more companies embrace smart manufacturing practices.

Growth Factors

1. Expansion of End-Use Industries: The expansion of end-use industries, particularly automotive, aerospace, and electronics, is a major driver of the curing oven market. As these industries continue to grow, the demand for reliable and efficient curing solutions increases. For instance, the rise in electric vehicle production has created a need for advanced curing ovens to handle the specialized coatings and adhesives used in battery and motor components.

2. Rising Demand for High-Performance Materials: The increasing use of high-performance materials, such as composites and advanced coatings, in various industries is driving the demand for curing ovens. These materials often require precise thermal processing to achieve their desired properties, making curing ovens an essential part of the manufacturing process.

3. Emerging Markets: The curing oven market is also experiencing growth in emerging markets, particularly in Asia-Pacific and Latin America. Rapid industrialization, coupled with increasing investments in infrastructure and manufacturing, is creating new opportunities for curing oven manufacturers. These regions are expected to see robust demand for curing ovens in the coming years, driven by the growth of automotive, electronics, and construction industries.

Future Prospects

The future of the curing oven market looks promising, with continued growth expected across various sectors. The ongoing shift towards sustainable and energy-efficient manufacturing processes will likely drive further innovation in curing oven technology. Additionally, the increasing adoption of smart manufacturing practices and the integration of digital technologies will open up new possibilities for enhancing oven performance and efficiency.

Moreover, as industries continue to evolve, the demand for customized and flexible curing solutions will increase, pushing manufacturers to develop more adaptable and versatile ovens. The growing emphasis on high-performance materials will also create new challenges and opportunities for the curing oven market, as companies seek to optimize their thermal processing capabilities.

Key Player Analysis

Genlab Limited

Sailham

International Thermal Systems

Catalytic Industrial Systems

Spooner Industries

JPW Design and Manufacturing

WISCONSIN OVEN

Despatch Industries

DIMA Group

HENGXINDA Painting

Thermal Product Solutions (TPS)

Steelman Industries

LEWCO

Reputation Sincere DianZi

Armature Coil Equipment

Heller Industries

JLS Redditch Ltd

KE Hui Feiyan Shebei

Changlu Group

Segments:

Based on Oven Type:

Batch Curing Ovens

Continuous Curing Ovens

Based on Heating Source:

Electric

Gas

Infrared

Others

Based on Industry:

Automotive

Aerospace

Electronics

Building and Construction

Furniture and Woodworking

Healthcare and Medical Devices

Industrial Manufacturing

Others

Based on the Geography:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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Reactive Hot Melt Adhesives Market projected to reach $2.6 billion by 2028

The report "Reactive Hot Melt Adhesives Market by Resin Type (Polyurethane, Polyolefin), Substrate (Plastic, Wood), Application (Automotive & Transportation, Doors & Windows, Furniture & Upholstery, Lamination, Textile), & Region - Global Forecast to 2028", is growing at a high rate due to the increased demand from various applications. The global reactive hot melt adhesives market size was USD 1.6 billion in 2022 and is projected to reach USD 2.6 billion by 2028, at a CAGR of 7.5% between 2023 and 2028. In the market for reactive hot melt adhesives, Asia Pacific is in the lead. Manufacturing and industrialization have surged as a result of the Asia Pacific region's several nations experiencing swift economic growth. This has consequently increased demand across a range of industries for sophisticated adhesive solutions like reactive hot melt adhesives.

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Reactive hot melt adhesives' increased performance, adaptability, and application efficiency are all a result of technological developments in the industry. Improvements in curing technology help to make curing procedures quicker and more effective. One example of this is the creation of adhesives that cure more quickly, allowing for speedier manufacturing cycles across a range of sectors. These days, certain reactive hot melt adhesives come with dual-cure systems that combine UV (ultraviolet) and hot melt curing technologies. This enables improved control over the curing process and offers versatility in bonding various materials.

Polyurethane segment is expected to hold  largest share of the reactive hot melt adhesives market during the forecasted period.

Polyurethane reactive (PUR) hot melt systems typically serve as one-component adhesives, rapidly bonding to various substrates. Once applied, PUR initiates cross-linking, achieving 50%-80% of its ultimate bond strength within 3-6 hours, with a complete reactive cure expected within 24-36 hours post-application, influenced by air and substrate moisture conditions. These bonds are very strong and have exceptional heat resistance, cold resistance, and moisture-, cold, and moisture resistance.

Plastic substrate segment hold the largest segment in overall reactive hot melt adhesives market during forecast period.

Reactive hot melt adhesives are used widely on plastic substrates. The unique characteristics of reactive hot melt adhesives make them well-suited for bonding plastic substrates. They provide strong, durable, and efficient adhesion in industries such as automotive and electronics where plastics are widely used. When exposed to heat, reactive hot melt adhesives undergo a reactive process, often involving crosslinking. This results in a bond with enhanced strength and durability, which is crucial for applications with a robust connection, such as in the assembly of plastic components in automotive or electronics.

Automotive & Transportation is the fastest-growing application of the global reactive hot melt adhesives market during forecasted period.

In the automotive sector, reactive hot melt adhesives find broad application in bonding diverse components, such as plastic and metal parts. They play a crucial role in enhancing structural integrity, reducing noise, and streamlining assembly processes. These adhesives are extensively employed to create lightweight designs, enhance performance, and construct structures using a variety of materials like carbon fiber composites, glass fiber-reinforced composites, aluminum, and other multi-material combinations.

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Asia Pacific region likely to account the largest share of the global reactive hot melt adhesives market during forecasted period.

Asia Pacific is one of the largest reactive hot melt adhesives markets, in terms of both value and volume, and is projected to grow significantly during the forecast period. The thriving construction industry, propelled by urbanization and infrastructure development, significantly contributes to the demand for these adhesives. Their applications extend to bonding materials in construction, furniture, and related sectors. Notably, the automotive industry, a key consumer of reactive hot melt adhesives, has witnessed remarkable growth in the Asia Pacific region. The increased utilization of these adhesives for purposes like lightweighting and structural bonding in the automotive manufacturing process has further fueled their demand.

The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (US), H.B. Fuller Company (US), Jowat SE (Germany), and 3M (US).

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Thermoplastic Tapes Market Share, Trends, and Growth Reports | Global Insight Services

“Global Insight Services company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Thermoplastic Tapes are tapes composed of plastic materials that can be repeatedly softened and hardened by the application of heat. They are commonly used in a variety of industrial and consumer applications. They are well suited for applications requiring good electrical insulation, chemical resistance, and a wide range of temperature performance.

Thermoplastic tapes can be divided into two broad categories: thermoplastic elastomers (TPEs) and thermoplastic films (TPFs). TPEs are generally softer and more flexible than TPFs. TPEs are generally used in applications where flexibility and conformability are needed, such as electrical insulation, sealing, splicing, and gaskets. TPFs are generally stiffer and more rigid than TPEs and are used in applications where strength and dimensional stability are important, such as protective packaging, labeling, and insulation.

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Thermoplastic tapes are available in a wide variety of materials including polypropylene, polyethylene, polyvinyl chloride (PVC), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), and many others. Each material has its own unique properties and characteristics, and each can be tailored to meet the specific requirements of the application.

Thermoplastic tapes can be fabricated in a variety of ways. They can be extruded, cast, or laminated. Extrusion is the most common method and involves pushing the material through a die to form a continuous sheet or strip. Cast tapes are created by pouring the material into a mold and then curing it. Laminated tapes are created by bonding multiple layers of material together.

Thermoplastic tapes are widely used in a variety of industries and applications. They are used for electrical insulation, sealing, splicing, gaskets, and protective packaging. They are also used in medical and food packaging, labeling, and insulation.

Thermoplastic tapes are a versatile and cost-effective solution for a variety of applications. They offer good electrical insulation, chemical resistance, and a wide range of temperature performance. They are available in a variety of materials and can be tailored to meet specific application requirements.

Key Trends

Thermoplastic tapes are a type of adhesive tape that is heat-activated and used for a variety of applications. These tapes are made of a variety of materials such as polyethylene, polypropylene, polyvinyl chloride, polyester, and nylon. They are used in a variety of industries and applications, from medical and automotive to industrial and consumer products.

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The thermoplastic tape market has seen significant growth in recent years due to the increasing demand for lightweight, durable, and cost-effective solutions. This growth is driven by the rising demand for energy-efficient and sustainable products. As such, manufacturers are striving to develop products with improved performance and optimized cost. To meet this demand, manufacturers are exploring the latest trends in thermoplastic tapes technology.

One of the key trends in thermoplastic tapes technology is the development of advanced adhesive systems. Traditional thermoplastic tapes rely on solvent-based adhesives, which can be difficult to use and can have a negative environmental impact. To address this issue, manufacturers are developing new adhesive systems that are more user-friendly and environmentally friendly. These advanced adhesives are designed to provide superior adhesion and durability while also minimizing environmental impacts.

Another key trend in thermoplastic tapes technology is the development of new materials. Traditional thermoplastic tapes are made from polyethylene and polypropylene. However, manufacturers are now exploring the use of new materials such as polyvinyl chloride, polyester, and nylon. These materials offer improved performance characteristics and are more durable than traditional materials. As such, they are becoming increasingly popular in a variety of applications.

A third key trend in thermoplastic tapes technology is the development of self-adhesive tapes. Self-adhesive tapes are designed to be easily applied without the need for an adhesive. This makes them ideal for use in applications where an adhesive would be difficult to apply. In addition, self-adhesive tapes are also less expensive than traditional tapes, making them a more cost-effective solution.

Finally, manufacturers are also exploring the use of smart thermoplastic tapes. Smart thermoplastic tapes are designed to be used with sensors to monitor and control temperature and humidity levels. This technology can be used in a variety of applications, from packaging to medical devices. Smart thermoplastic tapes are also becoming increasingly popular in the automotive industry due to their ability to monitor and control temperature and humidity levels in vehicles.

In conclusion, the thermoplastic tape market is rapidly evolving, and manufacturers are exploring a variety of new trends in order to meet the growing demand for energy-efficient and sustainable solutions. Advanced adhesive systems, new materials, self-adhesive tapes, and smart thermoplastic tapes are some of the most important trends in thermoplastic tapes technology. These trends are helping to improve performance and optimize cost, making thermoplastic tapes an attractive solution for a variety of applications.

Key Drivers

The thermoplastic tapes market is driven by a number of factors. These include the increasing demand for thermoplastic tapes in a variety of industries, the growing use of thermoplastic tapes for packaging and labeling, the rising demand for thermoplastic tapes in medical applications, and the increasing availability of low-cost thermoplastic tapes.

The demand for thermoplastic tapes has increased significantly over the past few years due to their versatile nature and wide range of applications. Thermoplastic tapes can be used in a variety of industries, including automotive, construction, electronics, and medical. For instance, thermoplastic tapes are used for insulation in automotive wiring harnesses, sealing and joining in construction, and for protection against electromagnetic interference in electronics. In medical applications, thermoplastic tapes are used to secure dressings, catheters, and other medical devices.

The increasing use of thermoplastic tapes for packaging and labeling is another key driver of the thermoplastic tapes market. Thermoplastic tapes are used for sealing, labeling, and protecting products during shipping and handling. Additionally, thermoplastic tapes are used in a variety of labeling applications, including bar codes, product identification, and warning labels.

The growing demand for thermoplastic tapes in medical applications is another driver of the thermoplastic tapes market. Thermoplastic tapes are used in medical applications for a variety of reasons, including securing dressings, catheters, and other medical devices. Additionally, thermoplastic tapes are used in wound closure and as a barrier against infection.

The increasing availability of low-cost thermoplastic tapes is also driving the thermoplastic tapes market. Low-cost thermoplastic tapes are becoming increasingly available, which has enabled a wider range of customers to access them. This has increased the demand for thermoplastic tapes, as customers are able to purchase them at a lower cost.

In summary, the thermoplastic tapes market is driven by the increasing demand for thermoplastic tapes in a variety of industries, the growing use of thermoplastic tapes for packaging and labeling, the rising demand for thermoplastic tapes in medical applications, and the increasing availability of low-cost thermoplastic tapes. These drivers are expected to continue to support the growth of the thermoplastic tapes market over the coming years.

Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation:

Thermoplastic Tapes Market is segmented into resin type, application, technology and region. Based on resin type the market is categorized into Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide and Others. On the basis of application, it is further segmented into Automotive, Aerospace and Defense, Electrical and Electronics, Building and Construction, Sports and Leisure and Others. Based on technology it is segmented into Hot-Melt Extrusion, Solvent Dipping, Pultrusion and Others. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .

Key Players:

The Thermoplastic Tapes Market Report includes players such as 3M Company (U.S), Avery Dennison Corporation (U.S), DuPont de Nemours, Inc. (U.S), Toray Industries, Inc. (U.S), Teijin Limited (Japan), Nitto Denko Corporation (Japan), Sekisui Chemical Co., Ltd. (Japan), Tesa SE (Germany), Saint-Gobain Performance Plastics (France) and BASF SE (Germany), among others.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

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lobal Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Electronic Adhesives Market - Forecast (2024-2030)

Electronic Adhesives Market Overview

Electronic Adhesives Market Size is forecast to reach $ 6,820 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Electronic adhesives are used for circuit protection and electronic assembly applications such as bonding components, wire tacking, and encapsulating electronic components. The use of electronic adhesives in manufacturing components for electric vehicles such as printed circuit boards, lithium-ion batteries, and battery pack assemblies are facilitating growth of the market. Growing adoption of surface mounting technology to replace welding and soldering is one of the prominent trends in the electronics industry, shaping the demand for electronics adhesives.

Report Coverage

The report: “Electronic Adhesives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Adhesives Industry.

By Type: Thermal Conductive, Electrically Conductive, Ultraviolet-Curing and Others.

By Resin Type: Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, and Others (Acrylics, and Polyurethane)

By Application: PCB’s, Semiconductor, and Others

By End-User Industry: Consumer Electronic (Wearable Devices, LEDs & TVs, Smart Phones & Tablets, Computers, Laptops, and Others), Healthcare, Energy & Power (Solar, Wind, and Others), Telecom Industry, Transportation (Automotive (Passenger Vehicles, Light Commercial and Heavy Commercial Vehicles), Marine, Locomotive, and Aerospace), Oil & Gas, Chemical, Pulp & Paper, and Others. 

By Geography: North America, South America, Europe, APAC, and RoW

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Key Take away

In 2020, North America held the largest share after APAC. Due to growing demand for electronic adhesives in electronics and telecommunication industry. The US hold the largest share in the region over the forecast period.

Growing adoption of electric vehicles is expected to provide a major growth opportunity for the market.

Emission of Volatile Organic Compounds (VOC’s) may deter the market's growth during the forecasted period.

COVID-19 has hindered the market growth owing to the disruption of supply chain and worldwide lockdown.

Electronic Adhesives Market Segment Analysis - By Type

Electrically Conductive segment held the largest share of more than 30% in the electronics adhesives market in 2020. Electrically Conductive are used in various industry verticals such as aerospace, automotive, medical, and telecom products. Electrically conductive is an excellent solution for making electrical contacts on PCBs and other temperature-sensitive substrates, as their curing temperature is below the soldering temperature. An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connections, PCBs, and bonding antenna structures further boost the demand for the market. Electric conductive are also used in the LED industry for their capacity to serve as stable electrical contacts by absorbing mismatches, which will likely boost the market's growth for the forecasted period.

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Electronic Adhesives Market Segment Analysis - By Resin Type

Epoxy segments held the largest share of more than 25% in the market in 2020. Epoxy is widely used in electronic applications, either in two-part or single-part heat cure products. Epoxy has good resilience against environmental and media influences, it has a dry and non-tacky surface which is perfect to be used as a protective coating and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other. Curing epoxy adhesives can take place either at room or elevated temperature or through photoinitiators and UV light. Modern photoinitiators also react to the special UV spectrum of LED light sources, so that newly developed epoxide resin adhesives can be cured with both UV and UV LED light. Some epoxies exhibit optical properties and diffraction indexes, making them useful for applications in precision optics, lens bonding, and information technology, which will further boost the market's growth.

Electronic Adhesives Market Segment Analysis - By Application

Printed Circuit Boards (PCBs) segment held the largest share of more than 35% in the market in 2020. Electronic adhesives are used as a conformal coating in PCBs. Adhesive is used in wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. PCBs are highly reliable, cheap, less chance of short circuit, easily repairable, and are compact in size. The growing uses of laptops, smartphones, and household appliances coupled with developing living standards further drive the growth of PCB. Whereas, the growing uses of PCB’s in automotive, industrial & power equipment, control & navigation systems, and aerospace monitoring also contribute to the market growth. According to Aerospace Industries Association (AIA) report, in 2018, aerospace and defense exports amounted to $151 billion, an increase of 5.81% from the previous year, and civil aerospace accounted for the majority of exports with $131.5 billion.

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Electronic Adhesives Market Segment Analysis - By End-User Industry

Consumer Electronics segment held the largest share of more than 30% in the Electronic Adhesives Market in 2020. Rapid urbanization and increase in the development of new technology have propelled the demand for consumer electronics. As per the United Nations, 55% of the world’s population lives in urban areas, which propel the demand for consumer electronics. The growing demand for lightweight and portable equipment such as smartphones, laptops, and digital cameras are playing a significant role in boosting the demand for the market. As per a report released by Nexdigm Private Limited, a private company, the global electronics industry is expected to reach $7.3 trillion by 2025, which will significantly propel the demand for the market during the forecasted period.

Electronic Adhesives Market Segment Analysis - By Geography

Asia-Pacific held the largest share of more than 45% in the Electronic Adhesives Market in 2020. China, India, and Japan are the major contributors to the growth of Electronic Adhesives Market in APAC. The large consumer base, developing manufacturing sector, and increase in middle-class population along with smart city projects are major factors for the market growth. As per the Indian Brand Equity Foundation (IBEF) report released in 2020, electronics manufacturing in India is expected to reach $163.14 billion by 2025, and demand for electronics hardware in India is expected to reach US$ 400 billion by 2024. The shifting of production lines to the APAC region for the low cost of production and the ability to serve the local emerging market is another factor for the growth of the market in the region.

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Electronic Adhesive Market Drivers

Growing Need for Miniaturized Electronic Products 

Growing demand for low-cost, reliable, and miniaturized electronic devices from consumers propel the market's growth. The increasing demand for miniaturized products has led to the development of smaller electrical components, which occupy less area. The need for smaller and thinner consumer electronics devices is a new trend among consumers. The surface mount technology helps in using and assembling much smaller components, thus facilitating a smaller, portable, and lightweight electronic device. Pocket calculators, smartwatches & other wearable devices are some of the examples. Such miniature devices will further drive the demand for electronic devices and in return will boost the demand for the Electronic Adhesives Market as they are used in manufacturing these devices.

Introduction of 5G Network 

Introduction 5G networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Introduction of 5G will boost the telecommunication industry, with better coverage, and internet speed, which also create a demand for Electronic Adhesives Market as they are used in manufacturing telecom devices. 5G will transmit data ten times faster than 4G and is set to take hold in 2020. This will spark a revolution in many industries such as electronic, energy, medical, automotive, defense, aerospace and others, which will boost the market's growth. 5G will impact the viewing experience for consumer, with its VR & AR which will further boost the demand for consumer electronic industry, which in return will boost the demand for electronic adhesive market.

Electronic Adhesive Market Challenges

Technological Changes & VOC Emission

The market is facing challenges due to technological changes. Shorter leads can damage temperature-delicate components in several applications and to overcome such obstacles electrical components should be assembled after soldering. However, this hampers productivity due to higher costs of production and time consumed in the manufacturing process. Growing concern over the emission of volatile organic compounds (VOCs) is expected to hamper the market growth over the coming years. During the manufacturing of electronics adhesives, VOC is discharged that may pose health and environmental concerns. VOCs are the major contributors to smog and ozone formation at low atmospheric levels.    

Emergence of COVID 19

The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. And the Electronic Adhesives Market was no exceptional, as the global production facilities of the electronics, parts have been reduced due to the logistics slowdown and unavailability of the workers. Furthermore, various e-commerce sites had discontinued the delivery of non-essential items which included electronics devices, which affected the electronic industry.

Electronic Adhesive Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electronic Adhesives Market. In 2020, the market of electronic adhesives has been consolidated by the top 10 players accounting for xx% of the share. Major players in the Electronic Adhesives Market are BASF SE, Panacol-Elosol GmbH, 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Hitachi, Ltd., Mitsui & Co., Ltd., Bostik, Inc., Chemence Inc., tesa SE, Parker Hannifin Corp., Meridian Adhesives Group, among others.

Acquisitions/Technology Launches

In November 2019, Bostik, Inc., announced it has launched a new range of innovative engineering adhesives Born2Bond™, for bonding applications in automotive, electronics, luxury packaging, and medical devices. With this new launch Bostik will not only expand its product portfolio but also expand it offering to various industries, which will further drive the market's growth.  

In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies has announced that the “Company” would be serving the Electric Vehicles Market and provide its adhesive solution, with this announcement Meridian Adhesives would expand its product offering in automobile industry, which will further derive the market's growth.

Key Market Players:

The Top 5 companies in Electronic Adhesives Market are:

Panacol-Elosol GmbH

3M 

H.B. Fuller Company

Henkel AG & Co.KGaA

Parker Hannifin Corp.

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Recyclable Thermoset  Market, Market Size, Market Share, Key Players | BIS Research

Thermoset plastics, known for their excellent mechanical strength, chemical resistance, and durability, have long been integral in industries like automotive, aerospace, electronics, and construction. However, their primary drawback has been that, once cured, they are difficult to recycle. This has posed a significant environmental challenge, as traditional thermosets end up in landfills, contributing to plastic waste. 

The recyclable thermoset market is projected to reach $987.9 million by 2031 from $536.8 million in 2022, growing at a CAGR of 7.01% during the forecast period 2022-2031. .

Recyclable Thermoset Overview

Thermosets are polymers that, when cured through heat or chemical reactions, become rigid and maintain their shape permanently. 

The very feature that makes thermosets desirable for applications requiring durability is also what makes them difficult to recycle. Traditional thermoset plastics cannot be reshaped or reprocessed once cured because the cross-linked molecular structure prevents them from being melted down.

Applications for Recyclable Thermoset Market 

1 Automotive and Aerospace: These industries rely heavily on thermoset composites for lightweight, high-strength materials that improve fuel efficiency and performance. 

2 Electronics: Thermoset plastics are commonly used in electronic components due to their excellent insulating properties.

3 Construction: Thermosets are used in construction materials such as adhesives, coatings, and insulation. 

Market Segmentation 

1 By Application 

2 By Resin Type 

3 By Technology 

4 By Region 

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Major Key Players  

Mallinda Inc.

MCR Mixt Composites Recyclables

INTCO Recycling Group

Adesso Advanced Materials Inc.

Aditya Birla Chemicals

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Demand – Drivers and Limitations

Following are the demand drivers for the global recyclable thermoset market:

•    Advancement in Thermoset Recycling Technologies Globally •    Regulations Promoting Plastic Recycling in Various Countries •    Investments and Collaboration in Plastic Recycling Industry

The following are the challenges for the global recyclable thermoset market:

•    Complex Process of Thermoset Recycling •    Lack of Proper Infrastructure for Hard-to-Recycle Products

Recent Developments in the Global  Recyclable Thermoset Market

In November 2022, the Dow Chemical Company collaborated with WM to improve the status of hard-to-recycle plastic films. The collaboration would allow WM to divert nearly 120,000 metric tons of plastic waste from landfills.

In June 2022, PuriCycle is a new series of enhanced high-performance products from BASF SE for the purification of the most complex mixed plastic pyrolysis feeds. PuriCycle's portfolio includes innovative catalysts and adsorbents that have been designed to selectively remove and convert a wide range of contaminants in pyrolysis oils, allowing for the separation process of circular plastic flows. 

Challenges and Future Prospects

While recyclable thermosets offer exciting potential, there are still challenges to overcome before widespread adoption can occur. One of the primary challenges is ensuring that the recycling process is energy-efficient and cost-effective. Developing scalable recycling methods that maintain the mechanical and chemical properties of the original thermoset material is key to making these materials commercially viable.

Moreover, there is a need for standardization in recycling processes and material recovery, particularly in industries like automotive and aerospace, where stringent safety and performance standards must be met.

In the future, advances in smart materials and 3D printing could further enhance the recyclability and functionality of thermosets. As researchers continue to explore new chemistries and recycling methods, recyclable thermosets could become a cornerstone of sustainable manufacturing, contributing to the reduction of plastic waste and the creation of circular economies.

 Conclusion

Recyclable thermosets represent a transformative step towards sustainability in the plastics industry. By overcoming the limitations of traditional thermoset plastics, these materials have the potential to revolutionize industries and reduce environmental impact significantly. As research progresses and industrial adoption grows, recyclable thermosets could be a key player in the future of sustainable materials science.

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High-performance adhesives market Size is Expected to Reach USD 19.1 billion by 2031

The global high-performance adhesives market is projected to grow at a CAGR of 6.0% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 19.1 billion is anticipated for the market in 2031. As of 2023, the demand for high-performance adhesives is expected to close at US$ 11.9 billion.

The high-performance adhesives market is experiencing growth due to innovations in automation and the miniaturization of electronic devices, alongside increased demand from the medical and aerospace sectors. This surge in demand is driving expansion in the market size.

Growing demand for high-performance adhesives from various end-use industries such as automotive, aerospace, electronics, medical, and construction is a significant driver. These industries require adhesives that offer superior strength, durability, and resistance to extreme conditions.

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High performance adhesives play a critical role in assembling various medical devices, including catheters, pacemakers, prosthetics, diagnostic equipment, wound care products, surgical instruments, dental applications, and drug delivery systems.

Economic growth, rising disposable incomes, and urbanization in emerging markets are driving the demand for consumer electronics, automotive vehicles, and construction activities, thereby boosting the need for high performance adhesives.

The automotive and aerospace industries are increasingly adopting lightweight materials to improve fuel efficiency and reduce emissions. High performance adhesives play a crucial role in bonding these materials, driving their demand in these sectors.

The adoption of advanced manufacturing processes such as additive manufacturing (3D printing) and composite materials fabrication requires specialized adhesives for joining components, further driving the growth of the high performance adhesives market.

Rapid industrialization and infrastructure development in emerging markets present significant growth opportunities for high performance adhesive manufacturers, as these regions witness increased demand for durable and high-quality adhesive solutions

Key Takeaways from the Market Study

As of 2022, the high-performance adhesives market was valued at US$ 11.3  billion

Based on end-use industry, the packaging segment is expected to dominate the global market during the forecast period.

High-performance Adhesives Market: Key Trends and Opportunistic Frontiers

With the increasing miniaturization of electronic devices, there is a rising demand for high-performance adhesives capable of bonding small components with precision.

High-performance adhesives with fast curing times, consistent quality, and compatibility with automated dispensing systems are in high demand.

The high-performance adhesives market is expanding into new geographical regions and industry verticals such as renewable energy, medical devices, and flexible electronics.

High-performance Adhesives Market – Regional Analysis

North America holds a significant share in the high-performance adhesives market, driven by the presence of key industries such as automotive, aerospace, electronics, and medical devices. Technological advancements, stringent regulations promoting eco-friendly adhesives, and investments in research and development contribute to market growth in this region.

The Asia-Pacific region is witnessing rapid growth in the high-performance adhesives market, fueled by robust industrialization, urbanization, and infrastructure development. Countries like China, Japan, South Korea, and India are major contributors to market growth due to their expanding automotive, electronics, and construction sectors. Increasing investments in research and development and rising disposable incomes drive the demand for high-quality adhesive solutions in the region.

Competitive Landscape

Industry leaders are continuously innovating to align with consumer needs and expand their product offerings. They're employing diverse tactics like forging partnerships and pursuing mergers and acquisitions to strengthen their market presence worldwide. They're prioritizing research and development to introduce cutting-edge adhesive solutions.

Henkel AG & Co. KGaA

3M

H. B. Fuller

Avery Dennison Corporation

Bostik

Illinois Tool Works Inc.

Pidilite Industries Ltd.

Huntsman International LLC

Ashland

Parker Hannifin Corp

Dymax

Delo

Sika AG

Key Developments from the market are

In February 2024, Henkel AG & Co. KGaA, a prominent provider of adhesives, sealants, and functional coatings, announced the signing of an agreement to acquire Seal for Life Industries LLC. This strategic move aims to bolster Henkel's adhesive technologies business by integrating Seal for Life's expertise in protective coatings and sealing solutions. Through this acquisition, Henkel aims to enrich its product portfolio and reinforce its position in the market.

In June 2023, The Fedrigoni Group, a renowned provider of paper and self-adhesive materials, introduced a new line of high-quality self-adhesive materials tailored for neck label applications. This strategic initiative enables the company to enrich its product offerings and address the evolving needs of consumers in the market.

High-performance Adhesives Market – Key Segments

Type

Acrylic

Epoxy

Polyurethane

Silicone

Formulation Technology

Water-based

Solvent-based

Hot Melt

UV-curable

End-use Industry

Automotive

Electronics

Packaging

Medical

Construction

Aerospace

Others

Marine

Leather & Footwear

Region

North America

Latin America

Asia Pacific

Europe

Middle East & Africa

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Epoxy Resins Paints Market: Exploring Growth Catalysts and Trends

The epoxy resins paints market has seen increased adoption in the construction and automotive sectors owing to protective and durable properties that help extend the lifecycle of surfaces. Epoxy resins create a protective coating when fully cured and are made from bisphenol A and epichlorohydrin derived compounds. They prevent corrosion and chemically bond to a surface forming a durable seal. The Global Epoxy Resins Paints Market is estimated to be valued at US$ 13.62 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the epoxy resins paints are Momentive Performance Materials, Kukdo Chemical, Huntsman Corporation, The Dow Chemical Company, Atul Ltd, Sika AG, Cytec Industries Incorporation, DuPont, 3M, BASF SE, Aditya Birla Chemicals Ltd, NAMA Chemicals, LEUNA-Harze GmbH, and Spolchemie A.S. The growing construction and infrastructure development activities across developing regions are fueling the demand for durable and protective coating solutions. Epoxy resins paint manufacturers are expanding their production footprint across Asia Pacific and Latin America to leverage the high growth potential in these emerging markets. Market key trends One of the key trends gaining traction in the epoxy resins paints market is the introduction of sustainable and environment-friendly product variants. Strict regulations around VOC emissions have prompted manufacturers to invest in water-based and low-VOC technologies. The availability of bio-based raw materials is also driving innovations in green epoxy resins. Leading brands have launched natural resin hybrids made from plant-derived compounds like soy and linseed oils that offer comparable performance with reduced environmental impact. This shift towards eco-friendly formulations is expected to boost market growth over the forecast period.

Porter's Analysis

Threat of new entrants: New companies can enter the market easily as the raw materials required are available and technology used is not highly complex. However, established players have advantages of economies of scale and brand recognition. Bargaining power of buyers: Buyers have moderate bargaining power as there are multiple established manufacturers supplying epoxy resins paints. However, differentiated products and customer loyalty provides some pricing power to companies. Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitute raw materials and less differentiation in materials. However, tight capacity limits the ability to change suppliers. Threat of new substitutes: Threat from substitute products is low as epoxy resins provide superior properties like corrosion resistance, adhesion and flexibility compared to alternatives. Competitive rivalry: The industry has few major players operating globally intensifying competition. Players differentiate based on product quality, services and brands to gain competitive advantage. Geographical Regions Asia Pacific region accounts for the largest share in epoxy resins paints market in terms of value due to massive growth of construction, automotive, aerospace and electronics industries in countries like China and India. Growing infrastructure and building & construction activities across developing nations fuels market growth. North America is expected to exhibit fastest growth during the forecast period attributed to revival of construction sector after economic downturn along with robust aerospace industry in the region. Rise in refurbishment and renovation activities fortifies demand for protective and durable epoxy resins paints.