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Market Synopsis
As per the assessment conducted by Market Research Future (MRFR), the global pipe coatings market is expected to acquire a market value of more than USD 15,968.4 million by 2030.
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The pipe coating market is anticipated to be majorly driven by the growing demand for a higher shelf life of products and increasing initiatives to expedite water & wastewater treatment facilities during the forecast period. The surging demand for sewage treatment is projected to be another salient cause that can underpin the market expansion in the assessment timeframe. In addition, the rapid urbanization in developing countries is expected to offer lucrative opportunities for the pipe coating industry. Also, various benefits of pipe coating such as; decreased cost of energy and prevention of corrosion are other salient causes projected to enhance the demand for pipe coating, thereby augmenting the market.
Market Segmentation
The segmental analysis of the global pipe coating industry is done by surface type, product form, and end-use.
The surface type-based segments of the global market for pipe coating are internal and external.
The product-based segments of the global market for pipe coating are fusion bonded epoxy, metallic coatings, concrete coatings, and thermoplastic polymer coatings. The thermoplastic polymer coatings segment is further sub-segmented into polyethylene (P.E.), polytetrafluoroethylene (PTFE), polypropylene (P.P.), and polyurethane (P.U.).
The form-based segments of the global market for pipe coating are liquid and powder.
The end-use based segments of the global market for pipe coating are water & water treatment, marine, oil & gas industry, chemical processing, and others.
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Regional Analysis
Based on the region, the global market for pipe coating is segmented into Asia-Pacific, Europe, North America, and Middle East & Africa.
As per the analysis by MRFR, APAC is estimated to expand at a CAGR of 5.13% by 2030. The growing demand for energy in the region is expected to be a critical factor that can propel the market during the forecast period. The increasing expenditure of emerging nations to develop a new pipeline for water and water treatment is anticipated to underpin the market expansion in the assessment period. Besides, the oil & gas sector is predicted to play a salient role in augmenting the regional market. In addition, China and India are likely to thrive at a CAGR of 6% and 5.5%, respectively. The rapid expansion of industries in evolving nations is expected to grow the demand for pipe coating that can significantly boost the market growth.
Europe is anticipated to grow significantly by acquiring a notable market share during the forecast period due to the expansion of the oil & gas industry, which is expected to enhance the demand for pipe coating. The region is likely to expand at a CAGR of 4.10% during the assessment period. The participation of Germany and Russia is expected to provide a thrust to the expansion of the industry in the region.
North America is expected to procure a significant market value with a stable CAGR during the forecast period. The U.S. is anticipated to make the most notable participation to grow the regional market in the coming period.
MEA is likely to acquire a small market share during the forecast period due to the lack of awareness and poor economies.
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Key Players
Some of the eminent players of the global market for pipe coating are Arkema S.A., AkzoNobel N.V, 3M, Axalta Coating Systems Ltd, The Sherwin-Williams Company, Specialty Polymer Coating Inc, BASF SE, DowDupont Inc, PPG Industries, Inc, LyondellBasell Industries Holdings B.V, Shawcor, Wasco Energy, The Bayou Companies, LLC, and Tenaris
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Scope
Market Research Future (MRFR) projects the medical adhesives market to be worth USD 16.84 billion by 2027. Meanwhile, its expansion rate is expected to be more than 8.08% during the review period (between 2020 and 2027).
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Key Boosters and Barriers
Medical adhesives are known for their high biocompatibility, non-irritating, non-cytotoxic and non-sensitizing properties, which have boosted their use in a variety of medical devices. Moreover, silicone adhesives have hydrophobic characteristics, which make it perfect for use in devices that are used in water sports, including diving and swimming. The vast range of benefits and features of silicone medical adhesives have resulted in their enhanced popularity worldwide and could mean substantial market growth in the years ahead.
Medical devices are experiencing robust demand across the globe, thanks to the mounting awareness level among people about health & wellness. Strong impact of progressive wellness on rising number of consumers related to fitness as well as a healthy lifestyle has led to higher demand for wearable medical devices. These devices require medical adhesives that have impressive binding properties, which act as a barrier against moisture and oxygen. These factors are bound to create favorable growth avenues for the global industry in subsequent years. boosted the growth of the global medical adhesives market.
The market growth is also facilitated by the rising preference for modified polyurethane and epoxies adhesives, coupled with the surging use of methyl methacrylate adhesives in medical devices. Mounting penetration of advanced composites, rampant demand for green, sustainable, and non-hazardous medical adhesives, will also ensure solid market growth in the following years. Other encouraging factors include rising burden of chronic diseases, like cardiovascular ailments and diabetes, which boost the use of wearable smart medical devices to collect information based on breathing patterns, blood glucose levels and blood pressure.
Segmental Review
The medical adhesives market size can be considered for resin, technology, and application.
The resins discussed in the MRFR report are synthetic & semi-synthetic as well as natural. The synthetic & semi-synthetic-based resins are in the lead in the global industry.
The technology-based segments are Solid & Hot Melt, Solvent-Based and Water-Based.
Applications of medical adhesives are tissue bonding, implant, medical device & equipment, wound closure, tapes, dental, and more. The medical device & equipment segment is the fastest-growing application segment of the global medical adhesives market.
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Regional Insight
Medical adhesive market has been regionally split into Asia Pacific or APAC, Europe, MEA or Middle East & Africa and North America.
North America, with the highest share of more than 25%, is the top market for medical adhesive and is likely to remain in the lead throughout the conjectured timeline. Strong presence of renowned pharmaceutical firms along with the significant investments in the development and innovations of medical devices also foster the sales of medical adhesives in the region. High awareness levels among patients about wound infections and various diseases along with the mushrooming elderly population, particularly in the US, foster the growth avenues as well. The companies in the region are largely focused on developing sophisticated wound dressings instead of conventional staple and suture techniques, which should be a favorable trend in the coming years.
Europe is one of the strongest markets across the globe, on account of the accelerated cases of chronic disorders, especially along the burgeoning geriatric populace. This has also fostered the need for advanced medical devices with strong adhesives. Surge in medical spending in the region should be favorable for the medical adhesives industry in the next few years.
The Asia Pacific market for medical adhesive may progress at the fastest pace between 2020 and 2027, owing to the exploding population that requires better healthcare facilities. Medical adhesive also notes significant demand in the region due to the mounting healthcare expenditure and the soaring number of ambulatory surgical centers, especially in China and Singapore.
Major Vendors
Some of the major firms in the global market for medical adhesives include Dow (US), Johnson & Johnson (US), 3M (US), Arkema Group (France), H.B. Fuller (US), Avery Dennison Corporation (US), Ashland Inc. (US), Chemence (UK), Cohera Medical, Inc. (US) and Henkel AG & Company. These companies are stiving to expand their medical adhesive manufacturing capacity to cater to the surging demand from the healthcare industry.
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Latest Updates
January 2021
Adhezion Biomedical LLC confirms that its SecurePortIV, a tissue adhesive, has been recognized by the 2021 Infusion Therapy Standards of Practice (INS Standards) as a primary care for vascular access devices care and management. It is the first ever tissue adhesive that has been cleared by the FDA for this indication. This medical adhesive has a host of benefits, including securing and stabilizing VADs to bring down chances of device failure and dislodgement, and sealing of the insertion point to curb microorganism growth and many more.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
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Hexamethylenediamine (HMDA) is majorly used as a chemical intermediate, corrosion inhibitor, and curing agent. Over recent years, the chemical industry is witnessing a spurting rise, mainly due to the rapid industrialization across the world. Therefore, Hexamethylenediamine finds extensive applications in various end-use industries such as water treatment, textile, and automotive. Also, HMDA finds applications in the manufacturing of resins used in the production of adhesives and paints.
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Thus increasing consumption of these materials leads to augmented demand and production. Resultantly, the HMDA market is garnering massive traction on the global platform. Market Research Future (MRFR), in its Covid-19 Analysis on the global Hexamethylenediamine market, asserts that the market is estimated to grow with 5.65% CAGR during the forecast period (2020-2027). The market had valued at USD 5.98 MN in 2018, States MRFR, in its Covid-19 HMDA market analysis.
Increasing demand for Hexamethylenediamine in the automotive and textile industries acts as a significant driving force for the market growth. The rising demand for Hexamethylenediamine as a precursor in the production of nylon 6, 6, substantiates the growth of the market excellently. In the automobile industry, Nylon 6, 6, is used to manufacture airbags, electro-insulating elements, and radiator end tanks. Additionally, rising environmental concerns provide impetus to market growth, promoting the demand for bio-based HMDA.
These factors cumulatively create lucrative opportunities for industry players. On the other hand, HMDA is moderately toxic, and direct exposure during its manufacturing can result in eye damage and skin burns. Regulatory agencies such as the American Conference of Governmental Industrial Hygienists (ACGIH) and the European Chemicals Agency (ECHA) have categorized Hexamethylenediamine as a hazardous substance.
Factors such as the toxic nature of HMDA and the demand-supply gap in raw materials required in the production of HMDA are expected to impede the growth of the market. Nevertheless, rising investments in the industry would support market growth throughout the assessment period. Also, a hefty rise in the paints & coatings industry and increasing HMDA usages in the petrochemical industry are projected to fuel the regional market growth.
Hexamethylenediamine Industry - Segmentations
The market is segmented into three dynamics;
By Application : Nylon Synthesis, Lubricants, Coating, Adhesives, and others.
By End-Use Industry : Textile, Paints & Coatings, Automotive, Water Treatment, Petrochemical, and others.
By Regions : Europe, Americas, Asia Pacific, MEA, and Rest-of-the-World.
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Global Hexamethylenediamine Market - Geographical Analysis
Asia Pacific region dominates the global Hexamethylenediamine market. Market growth attributes to the increasing HMDA demand from some of the burgeoning end-use industries, such as textiles, paints and coatings, automotive, petrochemical, and, most importantly, the water treatment sector. Moreover, the continually growing chemical industry led by the rapid industrialization & urbanization in the region substantiates the market demand.
China is the largest consumer market for HMDA in the region on account of the rising nylon exports from the country. Similarly, India and other South-East Asian countries contribute equally to the regional market growth, heading with the increasing use of HMDA in the water treatment sector. Furthermore, the rapidly improving economy in the region boosts market growth, creating numerous opportunities for industry players. The APAC Hexamethylenediamine market is projected to retain its dominance over the global market throughout the review period.
North America stands second in the global Hexamethylenediamine market. The market growth is majorly driven by the growing demand for HMDA as a key raw material in the paints & coating industry and the increasing constructional activities in the region. The US, backed by the rising technological advancements and multifunctional emerging applications such as 3D printing and functional coatings, drives the regional market growth majorly.
The Hexamethylenediamine market in the European region is growing continually. Factors such as increasing uses of HMDA in the manufacturing of automotive components and lubricants and increasing vehicle production in the region foster market growth. Additionally, the presence of major key players such as BASF SE, LANXESS, Merck KGaA, and Evonik Industries AG in the region impacts the growth of the market. The European Hexamethylenediamine market is estimated to grow at an impressive CAGR during the forecast period.
Hexamethylenediamine Market - Competitive Analysis
The Hexamethylenediamine market appears to be highly competitive and fragmented due to the presence of many well-established players. To gain a larger competitive share, players adopt strategies such as mergers & acquisitions, collaboration, expansion, and product/ technology launch. The demand for Hexamethylenediamine is high, as these are sold in volume and well-margined markets. Manufactures adopt digital transformation to drive strategic growth and streamlining the profit, customizing the end application of specialty chemicals.
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Major Players:
BASF SE (Germany), INVISTA (US), Asahi Kasei Corporation (Japan), Merck KGaA (Germany), Toray Industries, Inc. (Japan), Evonik Industries AG (Germany), Ascend Performance Materials (US), Solvay (Belgium), DuPont (US), and LANXESS (Germany), among others.
Industry/Innovation/Related News:
February 25, 2020 ---- Invista, a fiber, resin, and intermediates company in the US, announced that it is still progressing with its USD 1.2 BN adiponitrile (ADN) project in China, amid the coronavirus outbreak that is causing disruption & creating the risk of an economic slowdown. The 400,000t/yr ADN plant in Shanghai's chemical park had secured an environmental & safety approvals from authorities in January.
The project is on track, and the construction would begin in the same year, with production scheduled to start in 2022. Upon completion, the ADN plant will integrate with Invista's existing hexamethylenediamine (HMD) and polymer facilities to supply raw materials for the production of nylon 6,6 and other high-value products that are hugely used in the electronics and automotive sectors across the APAC.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
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Email: [email protected]
Website: https://www.marketresearchfuture.com
Overview:
Powder coating can be defined as a free-flowing, dry powder applied on the surface of any substrate. This powder coating has an advantage over the liquid coatings as they show no demand for solvents. The powder can be thermoplastic or thermoset polymer in nature. Its application as coating of metals, such as drum hardware, aluminum extrusions, household appliances, automobile, and bicycle parts. The Antimicrobial Powder Coating type has the potential to prevent growth of microorganisms like bacteria, fungi, or protozoans. The component for such powders come from the immune systems of living things that can kill bacteria and various other pathogens. The global market for Antimicrobial Powder Coating would gain better traction from the healthcare sector and air conditioning system and can register robust growth between 2023 and 2030. The time frame, as per Market Research Future (MRFR) can be considered as the forecast period.
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In the healthcare sector, growing demand for prevention of contamination in various tools to provide safety and security to patients. Protection for medical instruments is gaining significant boost and with growing investment in the hospitals, this can even find further traction. In the construction industry, this growth would be substantial due to the rise in demand for cements with antimicrobial powder coating.
However, the efficacy of this antimicrobial powder coating may go down with time, which can be a substantial market deterrent.
Regional Analysis:
The antimicrobial powder coating market size in the Americas can be marked as the highest profit-maker. The regional market can be segmented into North and South America, of which the North part has the better growth possibilities. In the North, it is the US that would drive growth for the region. The regional market would gain much from its high inclusion in the air conditioning system. In the Europe, the market for antimicrobial powder coating has significant scope for growth, especially in the healthcare sector. The region has superlative infrastructure for the healthcare industry and it would provide an easy access to the market. The market would percolate easily with in countries like the U.K., France, Germany, and Italy owing to their better infrastructural setup. This growth is also getting traction from growing health awareness and industries that can drive the demand for paint & coating industry. In the food & beverage sector, this growth would be notable. In the Asia Pacific region, growth for the market for antimicrobial powder coating would be huge owing to the growing industrial setups as global players have seen the regional potential and governments showing interest in taking the growth further.
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Segmentation:
The market study of the Antimicrobial Powder Coating has a better scope for easier understanding with segments on diverse scale. These segments, as MRFR directs in the report, are on the basis of type and application.
By type, the market for antimicrobial powder coating has been segmented into microorganisms (Listeria, Pseudomonas, Escherichia Coli, and others), metal (silver, copper). The silver segment is showing potentials of growing at an unprecedented rate and probability of achieving a huge revenue.
By applications, the market for antimicrobial powder coating can be segmented into food & beverages, healthcare, building & construction, paints & coatings, textile, air conditioning & ventilation system, and others. The healthcare segment has high chance of growth in the coming years.
Competitive Landscape:
Players taking keen interest in the global market for Antimicrobial Powder Coating are Diamond Vogel (U.S.), Akzo Nobel N.V.(Netherlands), BASF SE (Germany), PPG Industries, Inc. (U.S.), Axalta Coating Systems (U.S.), RPM International Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), The Sherwin-Williams Company (U.S.), The Dow Chemical Company (U.S.), Sono-Tek Corporation (U.S), and others. MRFR profiled these companies to track their latest developments and make a note of the direction in which the global market is moving.
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Recently, researchers at Nanopack, an EU-funded project, revealed that they have developed a plant-based essential oils as antibacterial coating to develop an antimicrobial packaging.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com