#Curing Adhesives Market Share

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Curing Adhesives Market is Estimated to Grow at a CAGR of 7.76% from 2022 to 2028

The global Curing Adhesives market is projected to be valued at USD 10,795.8 million by the end of 2028, registering a CAGR of 7.76% during the forecast period.

Curing is a chemical process in which the adhesive completely crystallizes. The adhesive attains its final properties, which helps it build final strength. They provide high strength, flexible to rigid bond lines that resist temperature, humidity, and many chemicals.

Covid Impact Analysis

The global pandemic of the novel coronavirus has led to a tight supply of the products primarily due to the reduced operating capacities and closed production plants globally. The restrictions on logistics, travel, and one-on-one meetings across the borders, along with lockdown and curfews within the states or country to limit the spread of the coronavirus, have negatively impacted curing adhesives market production due to the disruption in the supply chain across the globe. Moreover, the producers are facing issues due to the disruptions in raw material supply and fluctuations inits prices. Moreover, the companies are working aggressively towards safeguarding their employees' well-being and health and supporting government goals of up holding critical business activities such as food production, power generation, and healthcare. ss

Although the manufacturers have seen a decline in their revenue, some companies have reached new growth rates. For instance, in April 2021, Sika AG acquired Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. in Japan, which offers adhesives and sealants to the automotive and construction industries. The acquisition will significantly strengthen Sika’s market position in Japan, increase market access to all major Japanese OEMs. The companies are also developing and providing the market with new products. For instance, in February 2021, WACKER has launched the ELASTOSIL eco brand in Europe. Likewise, in April 2021, H.B. Fuller has introduced two compostable adhesive solutions for the flexible packaging market.

Furthermore, with the ease of lockdowns in various regions, manufacturers are now coping up and are managing to fulfill customers’ requirements at a similar level as the pre-COVID era.

Segment Analysis

The global curing adhesives market has been segmented on the basis of type, application, end use, and region.

Based on resin, the global curing adhesives market has been segmented into epoxy, polyurethane, acrylate, silicone, and others. The acrylate resin segment was valued at over USD 2,000 million in 2020 owing to its widespread use in p production of pressure sensitive tapes. Acrylate adhesives comprise acrylic or methylacrylic polymers. These adhesives are highly preferred in outdoor application settings owing to their ability to withstand various environmental factors such as ultraviolet (UV) radiation, ozone, and moisture, among others. The growing use of pressure sensitive tapes in the automotive, solar energy, furniture making, and electrical & electronics industries is expected to drive the segment growth over the forecast period.

Based on product type, the global curing adhesives market has been segmented into UV cure, moisture cure, and heat/ thermal cure. The moisture cure segment is expected to dominate the market and register a CAGR of around 7.5% during the review period owing to their wide-ranging use in the building & construction industry. Moisture cure adhesives react with moisture in the air or the underlying substrate to cure. They are generally used for difficult-to-bond surfaces metals, wood materials, and a wide range of plastics that do not contain polyethylene or polypropylene. The construction industry has emerged as one of the leading users of moisture cure adhesives.

Based on application, the global curing adhesives market has been bifurcated into electronics & electricals, and others. Curing adhesives play an important role in the electronics & electrical industry. They played a key role in reducing the overall weight and miniaturization of various electronics. Curing adhesives have successfully replaced traditional soldiering systems and fasteners in producing various electronics goods such as mobile phones, computers, and consumer durables. The electronics & electrical segment is further segmented into consumer electronics, automotive electronics, industrial electronics, and others. The consumer electronics segment was valued at over USD 800 million in 2020 due to the wide-ranging adoption of curable adhesives in producing various consumer electronics items such as smartphones, tablets, personal laptops, smartwatches, and earphones, among others. The automotive electronics segment is expected to grow at a CAGR of around 8.0%, owing to the growing adoption of curable adhesives to replace traditional fastening systems.

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Key Players

The major market players in the market are Henkel AG & Co. KGaA (Germany), Bostik (France), Sika AG (Switzerland), Dow (US), 3M (US), Wacker Chemie AG (Germany), H.B. Fuller (US), Dymax (US), Tosoh Corporation (Japan), DELO (Germany), Permabond LLC (UK), and Shin-Etsu Chemical Co., Ltd (Japan)

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UV LED Market - Forecast (2022 - 2027)

The market for UV LED is forecast to reach $1.2 billion by 2026, growing at a CAGR of 20.3% from 2021 to 2026. The UV LED Market is estimated to witness a sustainable growth over the forecast period majorly because of the environment friendly features for use in various applications. Rise in Environmental concerns is one of the major driving factors of UV LED Market in global level. Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of UV LEDs. 

Ultraviolet light occurs between the visible and x-ray spectrums. The Ultraviolet wavelength range is specified between 100 nm to 400 nm which categorizes UV LEDs into three different types. However, many photoelectric manufacturers also consider wavelengths as high as 430 nm to be in the UV range. The replacement of CCFL with LEDs made of Silicon Carbide, Gallium Nitride and other materials will drive the demand in UV Curing and medical phototherapy applications.

UV LED Market Report Coverage

The report: “UV LED Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the UV LED Market.

By Type – Ultraviolet A (UV-A), Ultraviolet B (UV-B) and Ultraviolet C (UV-C). By Wavelength Range – 430nm-315 nm (UV-A), 315nm-280 nm (UV-B) and 280nm-100 nm (UV-C). By Material – Indium gallium nitride (InGaN), Aluminium gallium indium phosphide (AlGaInP), Aluminium gallium arsenide (AlGaAs), Gallium phosphide (GaP), Silicon Carbide (SiC), Gallium Nitride (GaN) and Others. By Applications – UV Curing, Adhesive Coating, Lacquer Coating, Sterilization, Forensic Application, In-Line Coating, Counterfeit Detection, Sensing and Others. By End-Use Industries – Healthcare, Research, Industrial, Residential, BFSI, Security and Others. By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

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Key Takeaways

The UV LED Market is estimated to witness a sustainable growth over the forecast period because of the rising environmental concerns for adopting eco-friendly lighting systems at various industries. 

The other factor responsible for the growth of UV LED Market are the various environmental friendly features it offers to the sterilization industry and different disinfection processes such as of water, air and different surfaces.

In addition, increasing safety concerns over water-borne diseases have brought an increase in people's awareness of consuming treated water. The growing awareness of the benefits of treated water consumption has impacted the applications UV LED that tend to propel its market growth.  

The scope for a UV LED is becoming abundant in sterilization applications, as it is being proved to be one of the cheapest way to provide safe drinking water across the globe. This safety benefits are expected to enhance the demand of UV LEDs in global market further uplifting its market growth.  

UV LED Market Segment Analysis - By Type

Ultraviolet C (UV-C) has dominated the UV LED Market with a share of 46.5% in 2020. In general, UV-C LEDs have wavelength range of 275 nm (280-100 nm) and they are available in different power levels and styles. Offering different operations in various industries, UV-C is available in different light sources such as single, chip-on-board and strip module of different specifications. Longer strip lengths with higher outputs is one of the widely used type. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs, particularly using Silicon Carbide and Gallium Nitride materials which is expected to propel its market growth in forecast period. UV-C LED usage is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification.

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UV LED Market Segment Analysis - By End Use Industry

UV LEDs are widely used for different Healthcare and Sterilization applications and are projected to grow at a CAGR of 23.4%. UV LED Curing uses light-emitting diodes which convert electrical current into light. When the electrical current flows through an LED, it gives off ultraviolet radiation. The ultraviolet light causes chemical reactions in the molecules within the liquid, forming chains of polymers until the liquid becomes a solid. This process is a new technology which was designed to provide solutions to many of the issues found in traditional UV curing and heat-set drying. UV LED curing offers all the benefits of traditional curing, and also provides solutions to the negative environmental impact. This new technology reduces heat radiation and offers instant on-and-off switching. UV LED curing also does not require the use of moving parts which further reduces the amount of energy required. All these advantages tend to boost its demand in Healthcare and Purification industries which uplift its market growth.

UV LED Market Segment Analysis - By Geography

Asia-Pacific accounts for being the highest market at 34.6% in 2020. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. As Asia-Pacific region holds the largest population and is covered by largest ocean, the demand for freshwater has been high at different industrial as well as residential sectors. Thus, the demand for water sterilization and purification processes is of great extent. This demand enhances the market growth of UV LED in this region. According to World Bank Reports, investments done in water and sanitation in Asia-Pacific region is highest and has been increasing rapidly from $50M to $910M in recent years. These tend to propel the market growth of UV LEDs using Silicon Carbide and Gallium Nitride materials in forecast period as freshwater demand will always be high. Asia-Pacific is closely followed by North America in the UV LED Market growth due to presence of major market players in this region which provides technology upgrades in UV LEDs.

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UV LED Market Drivers

Rise in Environmental concerns drives market growth

With the rising Environmental concerns at global level, the adoption of UV LEDS for various applications in different industries tend to drive its market growth. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. With the rising Environmental concerns, the adoption of UV LEDs came into play. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs which is expected to propel its market growth in forecast period. UV-C LEDs is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification. UV LED curing provides solutions to the negative environmental impact as it offers improved flux density, stability and long-life hours which makes UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps which drives its market growth in the forecast period.

UV LEDs offers compactness and long durability

UV LEDs do not contain toxic mercury and are often found in CCFL technology. They are much smaller and more durable than CCFLs and are more resistant to vibration and impact, resulting in less product breakage and reduced waste and maintenance expense as well. These advantages tend to drive its market growth in forecast period. The overall heat generated by the UV LEDs is considerably low. The UV LED lamps based on Silicon Carbide and Gallium Nitride materials reaches a maximum of 40 degree Celsius, whereas mercury lamps heat up to more than 60 degree Celsius. Low-pressure germicidal lamps which are traditionally used in these applications are typically associated with lifetime claims of 8000 to 10,000 hours. As a solid-state device, UV-C LEDs can be cycled on/off tens of thousands of times with little or no observable difference or degradation in performance. UV-C LEDs also offer a near-instant capability to provide full rated output, requiring no warmup time which makes it available for 25,000 to 100,000 hours. These advantages tend to drive its market growth in global market.

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UV LED Market Challenges

High Installation Cost

One of the major challenges faced by UV LED Market globally is the high installation cost. UV LEDs are comparatively costlier than other alternatives. This tend to restrain its demand of UV LEDs thus bringing major challenge in its market growth. Several other challenges have been expected to hinder the market growth by hampering the adoption of UV LEDs using Silicon Carbide and Gallium Nitride materials, specifically for those in the UV-B (280nm – 315nm) and UV-C (100nm-280nm) spectral regions. LED manufacturers are struggling to improve the light output and efficiency while at the same time increases the reliability and useable life of the LED. Improvements are being made, but this has brought an exponential rise in the overall cost of these UV LEDs. This brings a major challenge in the market growth of UV LEDs in forecast period.

UV LED Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the UV LED Market. The UV LED Market is dominated by major companies such as Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co.Ltd., Honle UV America Inc., LG Innotek Co. Ltd, Halma Plc, Heraeus Holding Gmbh, Hnle Group, OSRAM, Koninklijke Philips N.V., Crystal IS, Sensor Electronic Technology, Phoseon Technology.

Acquisitions/Technology Launches/Partnerships

In January 2021, Sensor Electronic Technology (SETi) and Seoul Viosys, the leading global providers of UV LED technology and subsidiaries of Seoul Semiconductor, partnered together to launch their new Violeds technology that can quickly and effectively kill 99.437% of SARS-CoV-2 in less than one second. The testing was conducted in December 2020 through KR Biotech, a South Korea-based research institute specializing in sterilization testing of the new coronavirus.

In January 2021, OSRAM launched their new portable UV-C air purifier that fight against viruses and bacteria in this pandemic situation of Covid-19. The invisible, ultraviolet light destroys viruses and bacteria with a reliability of 99.9 percent.

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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.

Browse the full  report at https://www.credenceresearch.com/report/curing-oven-market

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.

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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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[downincmi]

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.

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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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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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[psatalk]

Prakash Printers and Coaters gets a Lombardi Invicta I2 press 

Lombardi, a manufacturer of modular in-line flexographic printing machines, and Vinsak have unveiled the inaugural installation of Lombardi's 880mm inline Invicta I2 press at Prakash Printers and Coaters in Ahmedabad — their longstanding partner in the Indian market. This is the first installation of an in-line press of this web width by any manufacturer in India and marks the debut of the Lombardi I2 press in Asia and the Middle East, Vinsak said.

Vinsak, a leading supplier of printing and packaging solutions to packaging and label printers in India, Africa, and the Middle East, anticipates that this development will revolutionize the industry. With its advanced features, including the shortest changeover time, running speed of 300 meters per minute, and the capacity for value-added enhancements such as cold foiling and cast and cure, this press is poised to reshape the flexible packaging market in India in record time, the company says.

At its core, sustainability is paramount, with the press embodying the smallest footprint, minimal setup waste, low energy consumption, and complete elimination of solvents. This commitment to sustainability positions it as the foremost carbon-conscious converting system globally.

As a family-owned business with the third generation in the operations, Prakash Printers and Coaters consistently delivers value-added solutions for a diverse range of brands spanning food, FMCG, cosmetics, and industrial labels. The company is doubling its capacity every year.

The recent completion of a sprawling 100,000-square-foot factory underscores its expansion, yet demand continues to outpace even this substantial increase. Currently, plans are underway to construct of an additional 50,000 square feet as the company charts its course toward continued success and market leadership.

"Vinsak has been and will remain our steadfast technology partner in our journey of progress, as we persistently push the boundaries of our business," said Prakash Shivlani, director of Prakash Printers and Coaters -- underscoring the collaboration between the two companies.

"Prakash Printers hold a very special place in our company’s heart. They continually challenge us with new converting solutions they require, propelling us to innovate faster and stay ahead of the curve. This drive to find cost-effective and sustainable solutions for them is what fuels our partnership," remarked Mohan Pailwan, vice-president of Vinsak India. He underscored the mutually beneficial relationship between the two companies, driven by a shared commitment to innovation and customer satisfaction.

"India has always been a key market with a special focus, and Prakash Printers, our key customer, consistently drives us to innovate," stated Massimo Lombardi, general manager of Lombardi Converting Machinery in Italy. He emphasized the company's commitment to developing new technology in response to the evolving needs of customers such as Prakash Printers. He affirmed their dedication to advancing in-line presses for packaging markets globally, reinforcing their position as industry leaders in innovation and customer-centric solutions.

According to Vinsak, a decade ago, the label and flexo market predominantly revolved around presses spanning 280-330 mm in width. However, Vinsak's introduction of Lombardi to the Indian market initiated a significant shift. Today, the standard width stands at 430mm, with approximately 90% of inline flexo presses being sold at this width or wider.

Additionally, widths of 530mm, 620mm, and 670mm now command almost 20% of the market share. This evolution is accompanied by a broadening definition of labels, expanding beyond self-adhesive and wet glue to encompass shrink sleeves, IML labels, wrap-around labels, and heat transfer labels. In 2024, the market is poised for advancement to the next level, the company said.  

[spookysaladchaos]

Global Top 5 Companies Accounted for 71% of total Oriented Strand Board (OSB) market (QYResearch, 2021)

Oriented Strand Board is a widely used, versatile structural wood panel. Manufactured from waterproof heat-cured adhesives and rectangularly shaped wood strands that are arranged in cross-oriented layers, OSB is an engineered wood panel that shares many of the strength and performance characteristics of plywood. OSB's combination of wood and adhesives creates a strong, dimensionally stable panel that resists deflection, delamination, and warping; likewise, panels resist racking and shape distortion when subjected to demanding wind and seismic conditions. Relative to their strength, OSB panels are light in weight and easy to handle and install.

According to the new market research report “Global Oriented Strand Board (OSB) Market Report 2023-2029”, published by QYResearch, the global Oriented Strand Board (OSB) market size is projected to reach USD 21.53 billion by 2029, at a CAGR of 6.7% during the forecast period.

Figure.   Global Oriented Strand Board (OSB) Market Size (US$ Million), 2018-2029

Figure.   Global Oriented Strand Board (OSB) Top 5 Players Ranking and Market Share（Continually updated）

The global key manufacturers of Oriented Strand Board (OSB) include Norbord, LP, Kronospan, Georgia-Pacific, Weyerhaeuser NR Company, Tolko, Huber, Martco, Dieffenbacher, Egger, etc. In 2021, the global top five players had a share approximately 71.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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[credenceresearchdotblog]

The global Epoxy Phenol Novolac (EPN) market, valued at USD 139.19 million in 2024, is witnessing significant growth, with an expected CAGR of 5.30% from 2024 to 2032. Epoxy Phenol Novolac Resin (EPNR) is a high-performance thermosetting resin renowned for its superior chemical resistance, thermal stability, and mechanical strength. This resin, synthesized through the reaction of phenol with formaldehyde and then with epoxy, finds extensive applications across various industries, including automotive, aerospace, electronics, and construction. As industries continue to evolve, the demand for EPNR is witnessing significant growth. This article delves into the current trends, market dynamics, and future outlook of the Epoxy Phenol Novolac Resin market.

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Market Overview

The global EPNR market is experiencing robust growth driven by advancements in technology and increasing industrial applications. The resin's inherent properties make it ideal for applications requiring high durability and resistance to harsh environments. In particular, sectors like automotive and aerospace leverage EPNR for its ability to withstand extreme temperatures and corrosive conditions.

Key Drivers

1. Growing Automotive and Aerospace Industries: The automotive and aerospace sectors are major consumers of EPNR due to the resin’s ability to meet stringent performance requirements. The ongoing trend of lightweight and high-performance components in these industries boosts the demand for EPNR, as it provides excellent mechanical properties and resistance to high temperatures and chemicals.

2. Technological Advancements: Innovations in resin formulations and manufacturing processes are enhancing the performance and application scope of EPNR. Developments such as improved curing processes and formulations that offer better adhesion and flexibility contribute to the resin's growing popularity.

3. Infrastructure Development: The expansion of infrastructure projects, especially in emerging economies, is another significant driver of EPNR demand. The resin's use in coatings, adhesives, and composite materials supports the construction of durable and high-performance structures.

Challenges

1. High Costs: One of the primary challenges in the EPNR market is the high cost associated with its production and raw materials. This cost factor can limit the adoption of EPNR in price-sensitive applications, particularly in emerging markets where cost efficiency is crucial.

2. Environmental Concerns: The production of EPNR involves the use of formaldehyde, a substance that raises environmental and health concerns. Regulatory pressures and the need for sustainable practices are pushing the industry towards developing greener alternatives and more environmentally friendly processes.

3. Competition from Alternatives: The EPNR market faces competition from alternative resin systems such as epoxy phenolic resins and other thermosetting resins. These alternatives often offer similar properties at a lower cost or with fewer environmental impacts, posing a challenge to EPNR’s market share.

Regional Insights

1. North America: The North American market holds a significant share due to the strong presence of automotive and aerospace industries. The region’s focus on technological advancements and high-performance materials supports the demand for EPNR.

2. Europe: Europe, with its emphasis on stringent regulations and high-quality standards, also represents a substantial market for EPNR. The automotive and electronics industries, along with the push for sustainable materials, drive growth in this region.

3. Asia-Pacific: The Asia-Pacific region is witnessing rapid industrialization and infrastructure development, leading to increased demand for EPNR. Countries like China and India are emerging as key markets due to their expanding automotive and construction sectors.

Future Outlook

The Epoxy Phenol Novolac Resin market is poised for growth, driven by technological advancements, increasing industrial applications, and infrastructure development. The focus on high-performance materials in industries like automotive, aerospace, and construction will continue to propel the demand for EPNR. However, challenges related to cost and environmental concerns need to be addressed through innovation and sustainable practices.

Key players:

Huntsman,

GP Chemicals,

Aditya Birla Group,

DowDuPont,

Hexion Inc.,

DIC,

Momentive,

Emerald Performance Materials,

Kukdo Chemical Industry,

CORCHEM,

A&C Catalysts,

NanYa Plastics.

Recent Developments

Segmentation

Segment by Type

Phenol Type Epoxy Phenol Novolac

O-Cresol Type Epoxy Phenol Novolac

Bisphenol A Type Epoxy Phenol Novolac

Segment by Application

Adhesives

Protective Coatings

Composite Materials

Others

By Region

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The 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

Browse the full report at https://www.credenceresearch.com/report/epoxy-phenol-novolac-resin-market

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Polyurethane Catalyst Market worth $3.1 billion by 2028

The report "Polyurethane Catalyst Market by Type, Functionality (Blowing Catalyst, Curing Catalyst, Foam Stabilizing Catalyst, Cross Linking Catalyst, Gelling Catalyst), Application (Foam, Sealant & Adhesive, Coating, Elastomer), Region - Global Forecast to 2028 ", is projected to reach USD 3.1 billion by 2028, at a CAGR of 6.0% from USD 2.3 billion in 2023. The Polyurethane Catalyst market is mainly driven by the demand from various end use industries such as construction, automotives and electronic appliances, others.  It is also driven by developing and emerging economies such as US and China.

Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118466262

 “Amine Catalyst by material type is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

Amine Catalysts are highly effective at promoting the reaction between polyols and isocyanates, facilitating the formation of urethane linkages that are essential for polyurethane materials. Their catalytic activity ensures efficient and reliable polymerization, leading to consistent and high-quality end products. Amines can act as organocatalysts (small organic molecules that function as catalysts) in asymmetric reactions. The chiral amine catalyst interacts with a substrate in a way that encourages the formation of one enantiomer (mirror-image isomer) over the other. This selectivity is critical in pharmaceuticals, where one enantiomer might have the desired therapeutic effect while the other could be inactive or even harmful.

“Gelling Catalyst” is the largest market share in terms of value, during the forecast period.

Gelling Catalysts are essential for initiating the foaming process in materials like polyurethane. They trigger the reaction that generates gas, leading to the expansion of the material and the formation of a cellular structure. This structure gives rise to foam's unique properties such as lightweightness, insulation, cushioning, and sound absorption.

“Foam” by application segment accounted for the largest share in terms of value.

The furniture and bedding sector also contributes substantially, as flexible polyurethane foam create comfortable mattresses and seating. In packaging, the need for protective solutions amplifies the demand for foam-based materials. This pervasive usage is further enhanced by customization capabilities and innovations, making polyurethane foam an attractive choice for manufacturers looking to meet specific requirements.

Sample request- https://www.marketsandmarkets.com/requestsampleNew.asp?id=118466262

“Asia pacific is expected to be the fastest growing market for Polyurethane Catalyst market during the forecast period, in terms of value.”

Polyurethane Catalyst Market in Asia pacific is anticipated to register a CAGR of 6.2% between 2023 and 2028. Polyurethane Catalyst Market in Asia pacific comprises the China, Japan, India, South Korea. It was the largest market of Polyurethane Catalyst in 2022. Asia pacific has a well-established and diverse industrial base, spanning sectors such as automotive, construction, furniture, and more. These industries frequently use polyurethane materials in various applications. As the region continues to develop and modernize its infrastructure, the demand for polyurethane products, and consequently polyurethane Catalysts, can rise. 

The key players in this market BASF SE Germany), Evonik Industries AG (Germany), Huntsman International LLC (US), Momentive (Niskayuna), Tokyo Chemical Industry Co., Ltd. (Japan), DOW (US), Tosoh Corporation (Japan), Carpenter Co. (US), Mofan Polyurethane CO., LTD. (China), UMICORE (Brussels).