Market Leader – Non-Woven Adhesives Market |At A CAGR of 8.5%

 The non-woven adhesives market size is estimated to be USD 2.3 billion in 2020 and is projected to reach USD 3.5 billion by 2025, at a CAGR of 8.5%, between 2020 and 2025. The key market driver is the growing usage of non-woven hygiene adhesives in baby care, feminine hygiene, and adult incontinence applications. Rising awareness for high-quality products and growing demand from APAC, the Middle East & Africa, and South America are also driving the market.

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The restraining factor for the growth of the non-woven hygiene adhesives market is stagnant growth in the baby diaper market in developed regions and volatility in raw material prices. Increased use of non-woven hygiene adhesives in applications such as baby care, feminine hygiene, and adult incontinence; and the emergence of new applications, including medical, bath tissues, and pet diapers in the emerging markets such as India, China, Brazil, Mexico, and Southeast Asian countries are likely to change the market dynamics during the forecast period.

The chemical industry is facing a challenge in terms of adhering to policies and standards implemented by various regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. The manufacturers in Europe and North America are following these regulations regarding the production and use of adhesives for various applications to reduce the emission of VOCs.

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North America and Europe are among the key markets for non-woven hygiene adhesives. The two regions collectively accounted for 54.8% of the overall non-woven hygiene adhesives market, in terms of value, in 2019. The European and North American markets are mature; however, the development of newer applications such as bath tissues and pet diapers in the regions is expected to drive the market at a considerably high rate. In APAC, South America, and the Middle East and Africa, the awareness for baby care, feminine hygiene, and adult incontinence products is the growth driver.

The key players in this market are Henkel AG (Germany), H.B. Fuller (US), Arkema (France), Moresco Corporation (Japan), Beardow Adams (Adhesives) Ltd. (UK), Lohmann- Koester GmbH & Co.KG (Germany), ADTEK Malaysia Sdn Bhd (Malaysia), Colquimica Adhesives (Portugal), Savare Specialty Adhesives (Italy), and Palmetto Adhesives Company, Inc. (US). These players have adopted organic growth strategies such as investment & expansion, merger & acquisition, and new product launch to increase their market shares. Key players of the market adopted these strategies from 2017 to 2020, which helped them expand their regional presence and strengthen their product offerings.

Henkel AG (Germany) is one of the leading manufacturers of non-woven adhesives. It holds a top position due to its strong product portfolio and the strategic developments undertaken by the company. Henkel also manufactures customized solutions based on specific industries and applications. It offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Moreover, Henkel has leveraged its strong financial background and distribution network to expand its business in China and the US. The company aims to promote sustainability in all the business activities, reinforcing its leading position in the market.

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• In February 2021, Henkel launched TECHNOMELT Supra ECO—a new range of hot melt adhesives, which provides greater sustainability and lower CO2 emissions, while the performance remains the same. With this new development, the company’s presence in the adhesives industry is expected to increase and cater to a broad range of applications.

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The Ultimate Revelation Of Luxury Vinyl Tiles (LVT) Flooring Market (At A CAGR of 11.7%)

The luxury vinyl tiles (LVT) flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.4 billion by 2024, recording a CAGR of 11.7% during the forecast period. The growth of the LVT flooring market is attributed to the high growth in the construction industry across regions. Factors such as the rise in the number of renovation & remodeling activities, increasing population & urbanization, and the high durability of LVT flooring is projected to drive its demand.

The LVT flooring market is dominated by leading key players such Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US). These players have adopted various growth strategies such as expansions, investments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market share and enhance their product portfolios.

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The new product development strategy accounted for the largest share of all the strategic developments that took place in the LVT flooring market between January 2015 and March 2019. Key players such as Forbo (Switzerland), Interface (US), and Gerflor (France) adopted these strategies to strengthen their product portfolios, expand their product portfolio, and enhance their growth prospects in the LVT flooring market.

Mohawk Industries is the leading flooring manufacturer, which primarily focuses on enhancing the residential and commercial spaces across the regions. The company offers a range of LVT flooring solutions through its various brands, namely, Mohawk, Quick-step, Pergo, Moduleo design floors, and IVC Resilient design. The company has its manufacturing facilities in 19 countries and provides an extensive range of soft and hard surface products for both residential and commercial applications in over 170 countries, with a strong foothold in the North American market. It also has a presence in the Asian, European, African, and South American markets.

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Tarkett’s leadership is based on its wide product portfolio and global rankings in all major types of floor coverings, excluding ceramics. Its focus toward delivering outstanding customer experience and the development of innovative solutions have contributed to its market position in the global LVT flooring industry. Strong global foothold and adoption of strategies such as acquisition & partnership have further helped the company to enhance its product portfolio and market presence. Its recent expansion of LVT production capacity in North America and Europe is projected to enhance its market position in the LVT flooring market in the coming years.

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Proppants Market Worth $12.1 Billion By 2025 | At A CAGR of 9.1%

The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025.

The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation ni proppants technologies and the growing natural gas demand to ensure energy security is driving the proppants market during the forecast period.

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Proppants is treated sand or engineered ceramic material, which is used to keep fractures propped open after the fracturing treatment. Different types of proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi. Proppants are injected into the wellbore along with water and additives with high-pressure intensity to make the fractures. They need to be permeable to gas under high pressure. Large mesh proppants have a greater permeability at low closure stresses, whereas small mesh proppants have greater permeability at high closure stresses. Proppants used in hydraulic fracturing have a direct impact on the cost of the oil & gas production output. The Proppants selection depends on the reservoir type, closure stress, depth, and stages of fracturing.

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The companies have initiated the following developments:

• In March 2020, COVIA completed the expansion of its Canoitas facility located in Mexico. The expansion will enable COVIA to add 350 tons of annual silica production capacity to support the growth of customers in Mexico.
• In March 2020, COVIA expanded the capacbilities of its facility in North America to serve coating & polymers end-markets and create a highly efficient modern facility and the project cost was approximately USD 45 million.
• In May 2019, Hi-Crush Inc. acquired Proppant Logistics LLC which owns Pronghorn Logistics LLC. The company provides end-to end logistic services for proppants.

In 2020, the proppants market declined by 27% in terms of volume, which was due to the oil price crash triggered by the COVID-19 pandemic. The unprecedented demand shock in the oil industry in 2020 led to a historic drop in the oil prices, as governments around the world closed down businesses, issued stay-at home mandates, and restricted travel. The proppants demand is estimated to recover in 2021 with the average oil price in 2021 expected to be above 50 USD/bbl.

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Methanol Market Worth $26.6 Billion By 2025 | At A CAGR of 5.5%

The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

COVID-19 Impact on the Methanol Market

The global Methanol market includes major Tier I and II suppliers like as Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

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Recent Developments

• In February 2019, it acquired a 365-kt synthesis gas production unit from Linde AG, located at Clear Lake, Texas facility. The acquisition strengthened the capability of managing future productivity and growth in the production of acetic acid.
• In June 2019, BASF and Sichuan Lutianhua Co., Ltd. (Lutianhua) signed an MoU to co-develop a pilot production plant that will significantly reduce carbon emissions and increase energy efficiency in producing dimethyl ether (DME) from syngas compared to the traditional process.
• In June 2020, Saudi Aramco acquired 70% stakes of SABIC from the Public Investment Fund (PIF), for a total purchase of USD 69.1 billion. This transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.

Methanol Market worth $26.6 billion by 2025

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APAC is expected to hold the largest market share in the global methanol market during the forecast period.

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and phramacutical industries in countries such as China, Japan, India, South korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.

♦ Leading Key Players -

Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the leading methanol manufacturers, globally.

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Protective Packaging Market worth $37.0 billion by 2027 | At A CAGR of 4.31%

 The protective packaging market size is projected to grow from USD 24.3 billion in 2017 to reach USD 37.0 billion by 2027, at a CAGR of 4.31%.

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region – Global Forecast to 2027"

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Target audience

• Manufacturers of protective packaging
• Importers and exporters of protective packaging
• Traders, distributors, and suppliers of protective packaging
• End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)

Based on application, the market has been segmented as follows:

• Food & beverage
• Health care
• Industrial goods
• Automotive
• Household appliances
• Consumer electronics
• Others

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“Asia Pacific to be the largest share in the protective packaging market by 2027”

On the basis of key regions, the protective packaging market is segmented into North America, Western Europe, Eastern Europe, Nordics, Asia Pacific, South America, Middle East, and Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2017, and is projected to grow at the highest rate from 2017 to 2027, in terms of value. This can be mainly attributed to the increase in demand for protective packaging in China and India coupled with the growth in the food & beverage industry in these countries. The urbanized population is shifting its preference to healthy and safe packaged foods owing to the rise in disposable incomes.

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Plastic Waste Management Market worth $37.9 billion by 2024 | Rising Demand Growth Trend Insights

 The report "Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region - Global Forecast to 2024" The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increasing urban population, rapid industrialization, growing concern toward the environmental impact of the improper disposal of plastic waste, along with laws & regulations regarding disposal and treatment of plastic waste, have propelled the growth of the global plastic waste management industry.

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In terms of value, the Asia Pacific plastic waste management market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific plastic waste management industry is projected to grow at the highest CAGR from 2019 to 2024, in terms of value. The growing population, rising GDP, and increasing disposable income in Asia Pacific are leading to the generation of more solid waste (including plastic waste), which, in turn, is creating opportunities for the market in the region. Infrastructural development in under-developed and developing countries of Asia Pacific is driving the growth of various methods of plastic waste management in this region.

Key Market Players

Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections Inc (Canada), Clean Harbors (US), Biffa (UK), Covanta Holding Corporation (US), Stericycle (US), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market.

Based on service:

• Collection & transportation
• Recycling
• Incineration
• Landfills

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Based on polymer type:

• Polypropylene (PP)
• Low-density polyethylene (LDPE)
• High-density polyethylene (HDPE)
• Polyvinyl chloride (PVC)
• Polyurethane (PUR)
• Polystyrene (PS)
• Polyethylene
• terephthalate (PET)
• Others (thermoset and thermoplastics (not included in the above segmentation such as SPI code 7 plastics, melamine-formaldehyde, bakelite, and others polyester resins))

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Dewatering Equipment Market worth $5.4 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

 The report "Dewatering Equipment Market by Type (Sludge (Application (Industrial,Municipal), Technology (Centrifuges, Belt Presses,Filter Presses, Vacuum Filters,Drying Beds,Sludge Lagoons)), Others (Paper, Plastic)), and Region - Global Forecast to 2025", The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market growth is driven by rising environmental awareness and stringent regulatory laws regarding sludge disposal.

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Dewatering is one of the primary wastewater treatments, wherein the separation of water from solids takes place. This method is also used to separate water from a construction site. In the construction industry, the selection of the technique for dewatering depends on factors such as excavation dimensions, the soil type, and the groundwater control requirements.

The world’s population is increasing, with a concentration in urban areas intensifying, particularly in the developing countries of Asia and Africa. The cities of these countries produce billions of tons of waste every year, including sludge and wastewater. However, data on these waste streams are scarce and scattered with only a few exceptions. Municipal wastewater and sludge contain valuable resources, such as water, organic matters, energy, and nutrients, which can be recovered for diverse economic and environmental purposes. But prior to use, these wastewater and sludge need to be pre-treated to remove harmful chemicals and pathogens. 

In the previous edition, the dewatering equipment market report was segmented on the basis of By Type (Sludge (Application (Industrial, Municipal), Technology (Centrifuges, Belt Presses, Filter Presses, Vacuum Filters, Drying Beds, Sludge Lagoons)), Others (Paper, Plastic)), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America).

In the latest edition, the market sizing and forecasting include the segmentation of the market on the basis of application, type, technology, and region.

Based on the Type:

·         Sludge Dewatering

·         Other Dewatering (Paper Dewatering, Plastic Dewatering)

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Based on the Application:

·         Industrial

o   Refineries

o   Mining

o   Petroleum

o   Chemical & Pharmaceuticals

o   Food & Beverages

o   Others(Paper & Pulp, Textile)

·         Municipal

o   Residential

o   Commercial

Based on the Technology:

·         Centrifuges

·         Belt Presses

·         Filter Presses

·         Vacuum Filters

·         Drying Beds

·         Sludge Lagoons

·         Others (Rotary Press, Screw Press)

Paper Straw Market worth $1,687 million by 2024 | At a CAGR of 23.6%

The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rise in demand for paper straws for various end-use applications in the foodservice, institutional, and household industries is a key factor that is projected to drive the growth of the paper straw market across the globe. In addition, factors such as growing consumer demand for environmental-friendly straws, rising government reforms & campaigns to ban plastic straws, and growing intolerance toward the use of plastic straws are projected to contribute to the growth of paper straws  during the forecast period.

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Browse 140 Market Data Tables and 34 Figures spread through 181 Pages and in-depth TOC on "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024 "

Recent Developments

• In October 2019, Transcend Packaging (UK) acquired the assets of BioStraw Ltd. (UK), a paper straw manufacturer. BioStraw (UK) will transfer all its production assets to Transcend Packaging. Further, this strategic initiative will widen their customer base for their products and strengthen their marketing and manufacturing capabilities for paper straws.
• In May 2019, Hoffmaster Group, Inc. (US) acquired The Paper Straw Co (UK), a UK-based manufacturer of paper straws. Through this strategic acquisition, the company is projected to expand its operations in the European markets for paper straw products and increase its product portfolio for paper straws.
• In May 2019, Huhtamaki Oyj (Finland) set up a paper straw production unit in Northern Ireland. The production plant is located in Antrim town, near Belfast, in Northern Ireland. This expansion aims to expand the company’s paper-based product portfolio, such as paper straws.

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On the basis of end-use application, the paper straw market has been categorized as follows:

• Foodservice
• Institutional
• Household

On the basis of region, the paper straw market has been categorized as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Digitally Printed Wallpaper Market worth $7.5 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

In 2020, the global digitally printed wallpaper market size is estimated at USD 2.9 billion and projected to reach USD 7.5 billion by 2025, at a CAGR of 21.1% from 2020 to 2025. The major drivers for the market include increase in urbanization and rising construction activities. However, competition from paint & coating manufacturers restrains the market growth. Moreover, the increasing growth in commercial and marketing sectors is expected to propel the market for digitally printed wallpaper.

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Recent Developments 

• In October 2019, Muraspec Wallcoverings launched three new wallcovering designs Tweed, Sorrento, and Novaro.
• In September 2019, Muraspec launched two new wallcovering designs Herringbone and Accor, made from specialty inks for the luxury segment
• In January 2019, the Meraspec Group launched new wallcovering collection Cantari. The company is adopting new product development as a growth strategy to strengthen its product portfolio and attract more customers
• In November 2018, Rasch GmbH & Co. KG added new wallpapers, such as Boutique floral, hex geo, wide stripe and ELSA, to its Portfolio Paper Collection

On the basis of sustrate:

• Nonwoven
• Vinyl
• Paper
• Others (Glass Fiber, Canvas, and Grass Cloth)

On the basis of end-use sector:

• Non-residential
• Residential
• Automotive & Transportation

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Covid-19 Impact On The Global Digitally printed wallpaper Market

The outbreak of COVID-19 has now spread across major Asia Pacific, European, and North American countries, affecting the market for digitally printed wallpaper since most global companies have headquarters in these regions. COVID-19 had disrupted the supply chain, which had slowed down market growth due to a lack of raw materials and unavailability of manpower. The lockdown in major countries due to this pandemic has also led to shutting down of the production facilities of wallpaper substrates and other raw materials as these were not considered as essential products.

Key Market Players

Major companies such A.S. Création Tapeten AG (Germany), Muraspec Group (UK), Tapetenfabrik Gebr. Rasch GmbH & Co. KG(Germany),MX Display (UK), 4Walls (US) Flavor Paper (US), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US) and among others, are key players in the digitally printed wallpaper market. These players have been focusing on developmental strategies, such as new product launches and investments which have helped them expand their businesses in untapped and potential markets. 

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Biodegradable Plastics Market Worth $12.4 Billion By 2027 - MarketsandMarkets (Rising Demand Growth Trend Insights for Next 5 Years)

 The biodegradable plastics market is projected to reach USD 12.4 billion by 2027, at a CAGR of 15.1%.

The report “Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End-use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Row) - Global Forecast to 2027”.

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The growth of the market is attributed to the increasing demand for biodegradable plastics in various end-use industries in emerging economies such as India, China, and Brazil. The increasing adoption of strategies such as new product launches and mergers, acquisitions & partnerships by the key players is also fueling the market.

On the basis of end-use industry, the packaging & bag segment is estimated to lead the biodegradable plastics market during the forecast period.

Packaging & bags is the largest end-use industry of biodegradable plastics. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry. Packaging products made from these plastics are mainly used in the packaging of fresh food, dried snacks & candy, bakery goods, water & juice bottles, and meat trays. Biodegradable plastics are also used as coatings for beverages cups and films & card stock.

Increasing use of PLA in the packaging & bags and consumer goods industry is projected to lead the biodegradable plastics market during the forecast period.

PLA is the largest type segment of the biodegradable plastics market, as it is used in various end-use industries such as packaging & bags and consumer goods. PLA is made from renewable resources, and it is compostable as well as biodegradable. It is derived from corn starch (in the US and Canada), tapioca roots, chips, or starch (mostly in Asia), or sugarcane (in RoW). This makes PLA non-toxic and an environmentally friendly material. Plastic products may take up to thousand years to degrade while PLA products biodegrade within 3–6 months in an industrial composting system. The key applications of PLA are thermoformed products, namely, drink cups, takeaway food trays, containers, and planter boxes. It has good rigidity and allows for replacement of polystyrene and PET in such applications. PLA is being adopted rapidly as it is more economical to manufacture PLA as compared with the synthesis of other biodegradable plastics.

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The increasing use of biodegradable plastics in end-use industries including packaging & bags, consumer goods and agriculture & horticulture is driving the biodegradable plastics market in APAC.

APAC is expected to be the fastest-growing biodegradable plastics market during the forecast period. The growing packaging & bags industry in APAC has offered significant opportunities for the growth of the biodegradable plastics market in the region. The increasing use of biodegradable plastics in various end-use industries, such as packaging & bags, consumer goods, agriculture & horticulture, and textile, is driving the biodegradable plastics market in APAC.

Major players such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK) have adopted development strategies such as expansions, mergers, acquisitions & partnerships, and new product launches to achieve growth in the biodegradable plastics market.

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