Mar 16, 2021: Industry Insights
The global pressure sensitive adhesives market was valued at USD 8.81 billion in 2015. The market is driven by the increasing consumption of the product in construction, consumer goods, automotive, and packaging industries. The rising requirements for reducing weight in products providing high bonding solutions is expected to drive market growth.
The increasing use of low-cost engineering and lightweight plastics in numerous end-use applications such as electronics, construction, and automotive is expected to have a positive impact on the PSA market demand. The low plastic materials are evolving as substitutes for wood assembly, construction material, glass, and heavy materials.
The demand for PSA in the automotive sector is increasing owing to the pressure for reduction in emission from regulatory bodies coupled with increased mileage performance is likely to propel market growth. The rising acceptance of RFID labels (wireless tags) in end-use applications including medical, packaging, architecture, and automotive on account of their contribution in managing inventory is likely to aid PSA market growth.
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The regulations regarding reducing carbon & Green House Gases (GHG) emissions by improving fuel efficiency has attracted the OEM automotive towards plastics as substitutes for metals including steel and aluminium, thereby aiding PSA market growth.
The cultural and social factors including increased spending on lifestyle products, increased income of nuclear families and a high number of working women are likely to affect market dynamics. These factors augment the growth in major industries including consumer goods, electronics & electrical, and packaging.
Technology Insights
The demand for water-based PSA is expected witness fastest growth on account of its eco-friendly and low-cost characteristics. The attributes of water-based PSA such as high resistance to UV radiation, temperature, and chemicals coupled with high sheer, peel & tack bonding well with polymer, polycarbonates, and glass & metal surfaces have enabled their scope of applications.
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The labeling segment is the largest application of water-based PSAs having wide product range such as CDs, vegetables & fruits, electronic devices owing to its superior moisture adhesion coupled with high tack. In addition, their low cost and multiple properties have aided in their growth over conventional polymers.
The solvent-based PSAs are acrylic polymers produced from crude oil solvents offering high tensile strength. In addition, the peel & sheer strength provided by them is higher than water-based PSAs. Solvent-based products are used in Asia Pacific region on account of relaxed regulations on emissions. The use of the product in the automobile industry is high on account of their resistance to fluids including gasoline, brake fluid antifreeze, & oil and chemicals.
Product Insights
The largest product segment was labels at CAGR of over 5% owing to the rising demand for retail labeling and RFID labels. The key driving factor for the growth in this segment is a wide range of applications in security, health & beauty, food & beverage, and transportation industry.
RFID labels contributed to one of the largest application segment owing to their ability to track security and inventory locations including sea ports, shopping malls, and companies. Graphics application accounts for a small market share as opposed to tapes and labels is a potential future market owing to a wide range of applications in cushioning and home décor.
Tapes dominate the market with wide application scope in construction & building, medical, electrical, and automotive industries. They are used in mounting, HVAC & pipe wrapping, splicing, casketing, sealing, and masking.
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Million Insights Market Research Released A New Research Report On Global Pressure Sensitive Adhesives Market - Forecast Up To 2025.
Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 28, 2019 - Pressure Sensitive Adhesives Market was valued at USD 8.81 billion in 2015.
The rising requirements for reducing weight in products providing high bonding solutions is expected to drive market growth.The increasing use of low-cost engineering and lightweight plastics in numerous end-use applications such as electronics, construction, and automotive is expected to have a positive impact on the PSA market demand.
The key driving factor for the growth in this segment is a wide range of applications in security, health & beauty, food & beverage, and transportation industry.RFID labels contributed to one of the largest application segment owing to their ability to track security and inventory locations including sea ports, shopping malls, and companies.
They are used in mounting, HVAC & pipe wrapping, splicing, casketing, sealing, and masking.End-use InsightsThe dominant end-use segment was packaging accounting for over 25% of the market volume in 2015, owing to the high use of the product in food packaging industry.
Industry InsightsThe global Composites Market size is anticipated to reach USD 130.83 billion by 2024.
It is also projected to grow at a CAGR of 7.8% over the forecast period on account of its increasing demand from numerous application sectors which consist of wind energy, electrical & electronics, automotive interiors, pipes & tanks, marine and aerospace & defense.
In addition, the market of composites is estimated to observe a substantial growth on account of its strength, thermal conductivity performance properties and high corrosion resistance.The product is majorly produced by layup process, which accounted for 30.90% of the total composites market share in the year 2015.
Emerging economies such as India, China, South Africa and Brazil are anticipated to lead the market on account of the increasing demand from numerous application sectors including aerospace & defense, transportation, automotive and wind energy.
In addition, superior features provided by these products particularly in CFRP i.e.
Decrease in the weight coupled with high corrosion resistance are few of the crucial factors enhancing the growth of composites market in this sector.Wind energy application sector is expected to witness a rapid growth with a CAGR of 10% over the next eight years owing to its wide application as clean energy materials in this industry.
5 February 2020 - The market for Neuroprosthetics in 2015 was estimated at USD 4.2 billion globally.
This can be attributed to high prevalence rate of disorders such as severe depression, Alzheimer’s, muscle/neuromuscular junction disorder, ophthalmic, auditory, epilepsy, and Parkinson’s which will drive the growth.Also, the increasing investments in R for new products and device innovation & development for effective treatment plans to be used for neurological diseases are anticipated to provide significant boost to the overall demand.
The increasing preference of self-charging devices, which uses bioenergy is expected to propel demand for brain implants throughout the forecast period.
These upgradations facilitate usage in various applications, to treat impaired autonomic, sensory, and motor functions.Advent of technologically advanced products, that includes surgical implantable devices, featuring images, MRI, movable and automated probes, and local field potentials is predicted to provide attractive growth opportunities.
Cochlear implants can be used for stimulation therapy and signal processing systems, which is expected to broaden the treatment scope in the future for neural disorders.Application InsightsTraumatic brain injuries, spinal cord injuries, Parkinson’s disease, and Alzheimer’s can be treated with the use of neuroprosthetics.
Introduction of various technologically advanced stimulation devices which can stimulate motor controls and calculate limb trajectory to be used in paralysis treatment, is expected to further drive the market during the forecast period.Regional InsightsThe largest share of over 50.0% in terms of revenue was held by North America in 2015.
The global medical implant market is subject to witness a substantial growth due to the increasing prevalence of disorders like epilepsy, cardiac disorders, and Parkinson’s disease.
Factors driving the growth of medical implants market include growing geriatric population, rising approval rate for the use of latest advanced electronic devices in healthcare sector, and advent of advanced technologies for healthcare.
Globally, the medical implant market is estimated to grow at a substantial CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development in the medical implants market.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/medical-implant-market/request-sample Cardiovascular diseases (CVDs) and coronary heart disease are considered as one of the common causes of death across the globe, thereby augmenting market demand for medical implants, in the recent years.
Growing preference towards to adoption of implantable medical devices by healthcare professional, doctors and physicians for diagnosis purposes is anticipated to foster market growth further.
Presently, the medical implants industry has witnessed substantial progress with immense advancement in micro & nano-electronics, electrode technology and signal processing techniques, thus substantially influencing overall market reach in short duration of time.
Global RFID in healthcare market was valued at USD 646.7 million in 2014 and is expected to reach over USD 3.89 billion over the next seven years.
Key influences attributing to this rapid growth include growing occurrences of theft and loss of different medical devices which result in high losses to the pharmacies and hospitals.
Healthcare services use radio frequency identification (RFID) and real-time location systems (RTLS) to track, identify, monitor patients, locate, visitors, assets, equipment and staff.
Know that, how of these technologies aid in improving safety, enhancing the quality of care, reducing financial waste, and fostering patient satisfaction.The healthcare market is majorly driven by the cheap availability of highly efficient systems and tags.
As a result, storage costs are reduced substantially subsequently decreasing energy costs as well.Implementation of advanced Kanban systems in existing hospital inventory management and timely placement of orders to the supplier directly for requisite medical devices and medication is expected to encourage hospitals and pharmacies to incorporate these systems.
Key factors contributing to this large share includes high penetration of these devices in the market owing to better awareness levels regarding the advantages of RFID devices such as their ability to embed into existing hospital ERP software systems and reduction in overall operational costs.
Omega 3 fatty acids are a type of polyunsaturated fat that is found in cold water fish and some plants.
These types of fats have been shown to have a wide range of benefits in your body, including reducing inflammation and improving mental health.
Fish oil is considered safe when taken in recommended doses and for the recommended length of time.What is Omega 3?Omega 3 fatty acids are found in cold water fish, nuts, and seeds.
Omega 3 is an essential nutrient for the human body.
It helps to maintain healthy hair, skin, and nails.
As well as supporting brain function, heart condition, joint health and joint mobility.
