In-depth Analysis of the COVID-19 Impact on Silk Market Worth 16.94 Billion USD

 The global silk market is projected to be valued at USD 16.94 billion, at a CAGR of 7.8%. To estimate the global market of silk. The growing demand in the Asia-Pacific, coupled with the growing demand for textile goods is expected to drive the global silk market during the forecast period.

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Major Market Developments:

• In March 2017, Bolt Threads Inc. started its first product made of spider silk. It introduced tie made of spider silk.
• In September 2016 AMSilk GmbH entered into distribution agreements with Korean-based company Hanjoo C&C for the distribution of its product in the Asian market. It distributes AMSilk products, Silkbeads (microparticles), and Silkgel (hydrogel) in Korea.
• In June 2016, AMSilk GmbH entered into an agreement with Zurich based company, RAHN AG, to distribute two ingredients made from AMSilk, Silkgel, and Silkbeads.

Textile application is driving the demand in silk market

Textile is the fastest-growing application of silk. Silk is an important contributor to the textile industry which is continuously growing and evolving in terms of demand and supply. Silk is used in textiles for its lustrous appearance, luxurious feel, lightweight, resilient, and strength. It is used in many types of apparel such as wedding dresses, gowns, blouses, scarves, neckties as well as in many household products such as pillows, wall hangings, draperies, upholstery.

Market Dynamics

Drivers

• Technological advancement in sericulture
• Low capital intensive industry

Restraints

• Higher dependency on china for raw material

Opportunities

• High demand from Indian textile industry
• Emerging spider silk

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The Asia-Pacific is projected to be the fastest-growing market for silk, in terms of value and volume, during the forecast period. China, India, Uzbekistan, and Thailand are the markets of silk in the Asia-Pacific region. The demand for silk is primarily driven by the increasing population & export of the textile goods made in these countries. Also, the domestic demand of silk in China and India is significantly influencing the demand of silk in the region.

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Bonding Films Market worth 985.5 Million USD by 2022 (In-depth Analysis of the COVID-19 Impact)

 The report “Bonding Films Market by Type (Epoxy, Acrylic, Polyurethane), Technology (Thermally Cured, Pressure Cured), End-Use Industry (Electrical & Electronics, Transportation, Packaging), Region - Global Forecast to 2022”, The bonding films market was valued at USD 613.5 Million in 2016 and is projected to reach USD 985.5 Million by 2022, at a CAGR of 8.2% between 2017 and 2022.

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Browse 66 Market Data Tables and 42 Figures spread through 142 Pages and in-depth TOC on “Bonding Films Market by Type (Epoxy, Acrylic, Polyurethane), Technology (Thermally Cured, Pressure Cured), End-Use Industry (Electrical & Electronics, Transportation, Packaging), Region - Global Forecast to 2022”

Among types, the epoxy segment of the bonding films market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022.

Based on the type, the bonding films market has been segmented into epoxy, acrylic, polyurethane, and others. Among types, the epoxy segment accounted for the largest share of the bonding films market in 2016. This segment of the market is projected to grow at the highest CAGR during the forecast period. The increased use of epoxy bonding films in various end-use industries can be attributed to their high compatibility with various bonding substrates. Moreover, epoxy bonding films are easy to handle, exhibit minimum squeeze out, and offer effective performance when exposed to a range of temperatures and tough environmental conditions.

The electrical & electronics end-use industry segment of the bonding films market is projected to grow at the highest CAGR between 2017 and 2022.

The electrical & electronics end-use industry segment accounted for the largest share of the bonding films market in 2016. Bonding films are extensively used in high-end defense & aerospace, automotive, industrial, and consumer electronics applications. The bonding films that are manufactured for use in the electrical & electronics industry are supplied in the form of rolls, sheets, or pre-cut forms. They are also die attached, which enables them to attain desired shape and characteristics. In the transportation end-use industry, bonding films are used in composite-to-composite, metal-to-metal, and composite-to-metal bonding applications.

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• 

The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period.

Based on the region, the bonding films market has been segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, and Rest of the World (RoW). In Rest of the World (RoW), the bonding films market has been studied for the Middle East & Africa and South America. The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific bonding films market can be attributed to the presence of the key manufacturers of bonding films in the region. Moreover, the growing demand for bonding films from various end-use industries such as electrical & electronics and transportation of the countries such as China, South Korea, Japan, and Taiwan of the region, also contribute to the growth of the Asia Pacific bonding films market. In addition, the easy availability of raw materials in the Asia Pacific region has also attracted several global companies and investors to set up their production facilities in the region, thereby contributing to the growth of the Asia Pacific bonding films market.

♦ Major Key Players –

Henkel AG & Co. KGaA (Germany), 3M (US), Cytec Solvay Group (Belgium), Hitachi Chemical Co., Ltd. (Japan), Arkema S.A. (France), H.B. Fuller (US), Hexcel Corporation (US), Gurit (Switzerland), DuPont (US), Rogers Corporation (US), etc. are the key players operating in the bonding films market.

Coating Equipment Market worth $27.7 billion by 2023

The report “Coating Equipment Market by Type (Liquid Coating, Powder Coating, and Specialty Coating), End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure), and Region - Global Forecast to 2023” The coating equipment market size is estimated to be USD 20.4 billion in 2018 and is projected to reach more than USD 27.7 billion by 2023, at a CAGR of 6.3% between 2018 and 2023. Increasing demand from growing end-use industries and the need for replacement of existing coating systems are the key drivers for the growth of the coating equipment market.

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• Leading Key Players -

The leading players in the coating equipment market are Nordson Corp (US), IHI Corp (Japan), OC Oerlikon (Switzerland), SATA (Germany), Graco (US), ANEST IWATA (JAPAN), ASAHI Sunac Corp. (Japan), Wagner Systems Inc. (Germany), Carlisle Companies (US), and WIWA Wilhelm Wagner (Germany).

• Recent Developments -

• In September 2018, Oerlikon Balzers opened its second production center in Ve¾ká Ida, Slovakia. The new plant made Ve¾ká Ida, the most important site for coating and heat treating of automotive components.
• In July 2018, Carlisle Fluid Technology (CFT), a division of Carlisle Companies, opened its new building in Bournemouth, UK. The building is used for the manufacturing of handguns, automatic guns, mixing, and powder finishing to enhance the manufacturing capabilities of the company
• In May 2018, Ionbond, a subsidiary of IHI Corporation, expanded its coating capacity at its coating service center in France. This expansion will allow the site to continue developing coatings for cutting tools. The expanded capacity uses coating machines manufactured by IHI Hauzer Techno Coating B.V.

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The powder coating equipment segment is projected to grow the fastest in the overall coating equipment market during the forecast period.

The powder coating equipment segment is projected to grow at the fastest rate during the forecast period. Powder coating is generally applied to metal surfaces. In powder coating, the excess material can be reclaimed, which decreases the amount of waste material that goes into the waste stream. Although the use of powder coating equipment requires a large initial investment, the cost of applying powder coating is less than a liquid system in the long-term. Powder coating is replacing liquid coating, wherever possible, due to its low-VOC content. The growing powder coating market is driving the demand for coating equipment.

The aerospace end-use industry segment is projected to grow the fastest during the forecast period.

The coating equipment market in the aerospace industry is projected to witness the highest-growth during the forecast period. Coatings in the aerospace industry are used for enhancing the performance and protect the substrates of aircraft components. The aerospace industry includes commercial, military, and general aviation segments. Strong growth of the aerospace industry coupled with the development of new aerospace coatings is expected to drive the demand for coating equipment in this segment.

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Ten Ways Aerosol Valves Can Improve Your Business...

The global aerosol valves market was valued at USD 2.62 Billion in 2016 and is projected to reach USD 3.30 Billion by 2022, at a CAGR of 4.03%. The base year considered for the study is 2016, and the market size is forecasted from 2017 to 2022. The primary objective of the study is to define, segment, and project the aerosol valves market size on the basis of type, end-use sector, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market.

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It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as partnerships, expansions & investments, and R&D activities in the aerosol valves market.

Target audience -

• Manufacturers of aerosol valves
• Importers and exporters of aerosol valves
• Traders, distributors, and suppliers of aerosol valves
• End users (food & beverage, healthcare, and cosmetics & toiletries industries)

Based on End-use Sector, the market has been segmented as follows:

• Personal care
• Home care
• Healthcare
• Automotive
• Others (food & beverage and electronics)

Key Market Players -
Expansion & investments and partnerships were the key strategies adopted by most players in this market. Companies such as Aptar Group (US), Precision Valve Corporation (US), Coster Tecnologie Speciali (Italy), LINDAL Group Holding (Germany), Mitani valve (Japan), Summit Packaging Systems (UK), Clayton Corp. (US), Newman Green (US), and KOH-I-NOOR Mladá Vožice a.s. (Czech Republic) were the key players who adopted these strategies to increase the customer base in key markets. The leading aerosol valves manufacturers focus on emerging countries that are estimated to show potential for industrial development in the near future.


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Mr. Sanjay Gupta
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