Why Has COVID-19 Pandemic Boosted Demand for Non-Woven Adhesives?

Beginning in December of 2019, the COVID-19 pandemic continues to spread, though at a much lower rate than initially. Still, the rising patient count and warmings about the impending third wave led by the Delta variant are putting immense pressure on the healthcare fraternity. As a result, the demand for everyday medical supplies, including surgical masks and gowns, is increasing around the world. This, in turn, is leading to the surging requirement for non-woven fabrics, as they form the basis of such garments.

According to P&S Intelligence, the COVID-19 pandemic will, therefore, be key in propelling the non-woven adhesives market value from ~$2 billion in 2020 at a considerable pace between 2021 and 2030. These materials are used on non-woven fabrics, which are themselves utilized in high amounts in various industries, including the medical sector. The advantages of such fabrics include higher strength per unit mass, high uniformity, stability in high temperatures, and ability to be converted into composites.

In this regard, apart from the current pandemic, the rising prevalence of all other acute and chronic diseases and other medical issues, such as physical injuries, is driving the demand for non-woven adhesives. With the healthcare industry set to value more than $10 trillion by 2022, the demand for all kinds of medical supplies will surge due to the increasing hospitalization rate and surgery and diagnosis volume. Masks and gowns are indispensable during surgery, which creates a high demand for non-woven fabrics and the adhesives used on them.

Asia-Pacific (APAC) has been the largest non-woven adhesives market for some time now because of its high-volume manufacturing of end products, such as surgical masks and gowns, sanitary pads, and diapers. With the improving living standards in developing countries, such as China, Indonesia, India, Taiwan, and Malaysia, the requirement for such products is increasing. Moreover, awareness of such hygiene products is being raised, and efforts are being made to better the access to them in the region. For instance, in a campaign in 2021, started in observance of the World Menstrual Health Day, 50,000 sanitary napkins were distributed in India.

Hence, with the growth in the healthcare sector and basic hygiene awareness, the consumption of non-woven adhesives will rise.

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How Are Fuel Additives Helping in Mitigating Air Pollution?

Fuel additives are used to lower the level of emissions, control engine deposits, improve the octane and cetane numbers, and enhance the flow of the fuel. Some of the additives are also used as corrosion inhibitors, decrease the friction between the walls of the engine and fuel molecules, and prevent the freezing of the fuel in cold countries. Owing to the advantageous features of such chemicals, they are being increasingly added to gasoline, diesel, marine fuels, and aviation fuels.

Essentially, the burgeoning need for cleaner fuels, owing to the rising enforcement of stringent environmental laws to reduce the concentration of greenhouse gases (GHGs), will help the fuel additives market progress at a CAGR of 4.9% during 2021–2030. The market revenue stood at $5,032.7 million in 2020, and it is projected to reach $7,990.6 million by 2030. For instance, the United Nations Environmental Protection Agency (EPA) mandates the registration of all diesel- and gasoline-powered motor vehicle fuel additives, under the 40CFR 79 regulations.

In recent years, fuel additive manufacturers have focused on acquisitions and partnerships to expand their clientele. For instance, in May 2020, The Lubrizol Corporation joined the 'Getting to Zero Coalition', a group endorsed by 14 governments, to offer low- or zero-carbon fuels. Furthermore, in July 2020, Clariant International Ltd. entered into a partnership with Ineratec GmbH, an energy solution and equipment manufacturer, to offer renewable chemicals and fuels. With this partnership, the former also aims to enhance its operations.

According to P&S Intelligence, the Asia-Pacific (APAC) region led the fuel additives market in the preceding years, and it is expected to retain its dominance in the upcoming years. This can be primarily ascribed to the expanding petrochemical industry in the region. Among APAC nations, China consumes the highest volume of fuel additives due to the flourishing automotive industry and rising research and development (R&D) in such products in the country.

Thus, the booming demand for cleaner fuels on account of the implementation of emission norms will amplify the usage of fuel additives globally.

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Why will Oxygen-Free Copper Market Surge in Asia-Pacific in Upcoming Years?

Due to the surging utilization of oxygen-free copper wires in the electronics and electrical industry and electric vehicles (EVs), on account of their high thermal and electrical conductivity, ease of welding, good creep resistance, high impact strength, and high ductility, the global oxygen-free copper market is predicted to exhibit rapid expansion during 2021–2030. Furthermore, as per the estimates of the market research company, P&S Intelligence, the market revenue surged to $20.0 billion in 2020.

The soaring sales of electric vehicles are propelling the expansion of the market across the world. As oxygen-free copper has low thermal and electrical resistance, it is being increasingly used in the manufacturing of EVs including plug-in hybrid electric vehicles (PHEVs). Additionally, in order to reduce the carbonization level in the automotive industry and mitigate the emission of greenhouse gases, automobile manufacturers such as BMW AG, Tesla Inc., and Hyundai Motor Company are actively focusing on manufacturing EVs, thereby fueling the growth of the oxygen-free copper market.

Geographically, the Asia-Pacific (APAC) region contributed the highest revenue to the oxygen-free copper market in 2020, and it is predicted to retain its market dominance during the forecast period as well. This is ascribed to the availability of raw materials and cheap labor in the region, which massively reduces the production costs of various materials, and the soaring deployment of electric vehicles, on account of the increasing concerns being raised over the escalating greenhouse gas emissions in the region. 

Thus, owing to the growing requirement for oxygen-free copper in the electrical and electronics industry and the mushrooming deployment of electric vehicles, the market will register substantial growth all over the world in the upcoming years. 

Market Size Breakdown by Segments

Based on Grade

• Oxygen-Free
• Oxygen-Free Electronic

Based on Product

• Wires
• Strips
• Busbars
• Rods

Based on End user

• Electrical and Electronics
• Automotive

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa

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Growing Trend of Eating Out Driving Demand for Frozen Bakery Items

The fact that the phrase ‘breaking bread’ is used to describe a meal tells how important this humble baked product is for humans. Whether they are those that puff up when baked or unleavened, flat ones, breads are the primary source of carbohydrates, the main energy-giving foods, around the world. However, all such edible items are perishable and have a rather short best-before date, typically of 2–3 days from the day of manufacturing/cooking. Therefore, to increase their shelf life, they are now being deep-frozen.

This is why P&S Intelligence predicts significant growth for the frozen bakery market in the coming years. Freezing such products at between –18 to –40 degrees Celsius stops the growth of mold, thereby preventing them from spoilage and raising their shelf life to up to 12 months! Moreover, deep-freezing helps maintain the nutrient content of bakery products for longer. Hence, with people becoming aware of a healthy life and focusing increasingly on improving their diet, the demand for frozen bakery items is rising.

Frozen Bakery Market Outlook

Developed regions, such as Europe and North America, are still the larger frozen bakery markets because of the lifestyle here that is becoming increasingly busy, especially in major cities. Additionally, with the easy and convenient availability of food at restaurants and other food service settings, the trend of cooking at home is diminishing. For instance, as per the Bureau of Labor Statistics, almost half the food budget of the people of the U.S. is spent on eating out. Similarly, as per another study, only 10% Americans love cooking at home.

Many of the cheap restaurants keep frozen food items, which they simply put in a microwave or pan before being eaten. Anyone who has seen Kitchen Nightmares hosted by Gordon Ramsay knows this. And, since not everyone is well-versed in baking from scratch, frozen bakery items go a long way in feeding hungry mouths without much ado. As a result of the growing demand for such eatables, companies, including Associated British Foods, DuPont, Archer Daniels Midland Company, Palsgaard, Puratos Group, Sensient Technologies Corporation, ConAgra Foods Inc., Kellogg Co., David Michael & Co., Kerry Group, and Lonza Group Ltd., are offering new types of frozen bakery products.

Hence, with a shift in people’s food habits, the demand for frozen bakery items will rise further.

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Growing GHG Emission Concerns Propelling Electric Car Production

According to the International Energy Agency (IEA), 2.3 million electric cars were sold across the world, in 2020. High volume sales of electric vehicles (EVs) can be attributed to the stringent government emission norms, on account of the rising environmental pollution concerns. Over the last decade, greenhouse gas (GHG) levels have significantly surged due to the vast number of fossil fuel-based automobiles operating on global roads. To mitigate the adverse effects of GHGs, governments across the world are supporting the production and adoption of such cars within their territories.

Moreover, the rising consolidation and surging number of joint ventures among the leading electric car manufacturers will fuel the electric car market at a CAGR of 33.6% during 2017–2023. The market sold 0.8 million units in 2016 and it is projected to sell 5.3 million units by 2023. Manufacturers are collaborating with each other to develop novel technologies to create more advanced electric cars that cater to the surging needs of customers. For example, in September 2017, Mahindra & Mahindra Ltd. allied with Ford Motor Co. to develop and produce EVs and connected vehicle technology for 3 years. 

Electric Car Market Outlook - P&S Intelligence

According to P&S Intelligence, APAC records the highest sales of electric cars, due to the huge government support in terms of incentives and subsidies on such vehicles and implementation of stringent vehicular emission norms in Japan and China. For instance, according to the China Association of Automobile Manufacturers (CAAM), the sales of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) passenger cars increased from 155,000 in October 2020 to 186,000 in November 2020.

Whereas, the European electric car market is expected to register the highest sales rate in the coming years, due to the increasing adoption of such new energy vehicles in the U.K., Norway, and Germany. According to the European Federation for Transport and Environment, 507,000 new PHEV electric cars were sold in the 27 member nations of the European Union in 2020. In the same year, one out of eight cars purchased in Germany was an EV. As per this organization, Renault Zoe, Volkswagen ID, and Tesla Model 3 were the most commonly procured BEVs in the EU countries.

Thus, the rising government initiatives toward promoting EV sales and manufacturing and increasing collaborations among OEMs will augment the adoption of electric cars in the foreseeable future. 

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How Is Polyethylene Glycol Market Driven by Growing Pharmaceutical Sector?

The polyethylene glycol market is primarily witnessing growth on account of the rising usage of this chemical as a specialty solvent and surface-active agent in toothpaste, lotions, creams, shampoos, lipsticks, soaps, deodorants, bath oils, detergents, and conditioners. Moreover, due to the importance of the compound in the medical device, automobile, paper and ceramics, paint and coating, and construction sectors, its sales already generated ~$4.5 billion revenue in 2020, which is set to increase massively during 2021–2030 (forecast period).

The grade segment of the market is categorized into PEG 6000, PEG 4000, PEG 3350, PEG 400 FCC Grade, PEG 400, PEG 300, and PEG 200. Among these, the PEG 400 category dominated the market for PEG in 2020, and it is set to advance significantly during the forecast period. PEG 400 has a low molecular weight and toxicity, which makes it useful in numerous applications. Moreover, this grade’s hydrophilic nature allows for its usage in drugs to improve the bioavailability and solubility of drug molecules that are weakly soluble in water.

On the basis of application, the polyethylene glycol market is divided into medical, industrial, construction & infrastructure, and personal care. During the historical period (2015–2020), the largest share, in terms of volume and value, was held by the medical category due to the wide usage of PEG in drugs as an excipient (inactive agent). Some of the most-common medicines have this ingredient, such as acetaminophen, cetirizine, diclofenac, ibuprofen, and tramadol. Moreover, PEG 3350 is used to treat constipation, by helping in the retention of water in the stool.

The polyethylene glycol market garnered the highest revenue from the Asia-Pacific (APAC) region in 2020 because of the region’s vast and growing pharmaceutical industry. India is one of the largest exporters of medical drugs, which keeps the demand for PEG and other raw materials high here. Moreover, PEG is an important raw material in the automotive and construction chemical sectors, which are also witnessing rapid growth in APAC. China and India are already two of the largest construction and automotive markets globally, and their booming population is giving a further boost to these industries. 

Therefore, the market will continue to grow with the rising demand for pharmaceutical products across the globe.

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Customer Preference Increasing for Beauty Devices over Surgical Treatments

 The World Psoriasis Day Consortium estimates that nearly 125 million people across the world are currently affected by psoriasis. Furthermore, the National Eczema Association states that approximately 9.6 million children under the age of 18 years and 16.5 million adults in the U.S. are living with atopic dermatitis. Moreover, an article on the National Center for Biotechnology Information (NCBI) states that melasma is found in 15%–50% of the pregnant women worldwide. Thus, the surging incidence of skin ailments, such as psoriasis, melasma, atopic dermatitis, and acne, is creating a huge requirement for beauty devices.

Access Report Summary - Beauty Devices Market Segmentation Analysis

In addition, the increasing public awareness regarding the safety profile and benefits of energy-based aesthetic devices, primarily laser ones, will accelerate the beauty devices market at a healthy CAGR of 20.6% during 2021–2030. According to P&S Intelligence, the market was valued at $50,814.4 million in 2020, and it is projected to generate $311,039.3 million revenue by 2030. As compared to surgical treatments, energy-based aesthetic devices are minimally invasive, have fewer side-effects, and offer quicker recovery and less discomfort.

Currently, beauty device manufacturers are engaging in partnerships and facility expansions to offer their products to a greater number of customers. For instance, in August 2020, Shiseido Cosmetics partnered with YA-MAN Ltd. to develop and produce anti-aging devices in Japan. Other companies following these steps are Panasonic Corporation, Conair Corporation, Candela Corporation, L'Oréal SA, Lumenis Ltd., Spectrum Brands Holdings Inc., Carol Cole Company Inc., Nu Skin Enterprises Inc., LightStim, Home Skinovations Ltd., and MTG Co. Ltd.

Geographically, North America led the beauty devices market in the preceding years due to the high disposable income of people in the U.S. and Canada. Additionally, the rising incidence of skin diseases and surging appearance consciousness among customers will augment the usage of these devices in the region. For instance, the American Academy of Dermatology (AAD) estimates that approximately 50 million, 7.5 million, and 16 million Americans are affected by acne, psoriasis, and rosacea, respectively, every year.

Whereas, the Asia-Pacific (APAC) region is expected to utilize these devices at the highest rate in the forthcoming years. This can be ascribed to the mounting public awareness on them and rising geriatric population in the region. The United Nations Population Fund (UNFPA) forecasts that the population of people aged 60 years and more in APAC will reach around 1.3 billion by 2050. Moreover, the increasing availability of affordable beauty products and devices by leading brands is encouraging their adoption.

Therefore, the rising incidence of skin ailments and growing customer awareness on beauty devices are accelerating their usage, especially those that use different forms of energy.

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Increasing Pollution Levels Bolstering Sales of Surgical, Face, and Respiratory Masks

Due to the rising air pollution levels, the demand for surgical, face, and respiratory masks is growing explosively across the world. The increasing industrialization and urbanization is fueling the emission of pollutants from factories and vehicles. According to the findings of the Health Effects Institute and the Institute for Health Metrics and Evaluation (IHME), 4.1 million people lost their lives because of high PM2.5 levels in 2016. 

Browse detailed report - Surgical, Face, and Respiratory Mask Market Revenue Estimation and Growth Forecast

Moreover, with the growing incidence of heart diseases, stroke, chronic lung diseases, respiratory infections, and lung cancer, the sales of face masks are rising sharply across the world. Besides these factors, the surging population of geriatric people and the increasing number of surgical procedures are also propelling the sales of surgical, face, and respiratory masks across the globe. This is, in turn, driving the advancement of the global surgical, face, and respiratory mask market.

This will be because of the increasing prevalence of airborne disease and the rising requirement for surgical procedures around the world. Because of the ongoing COVID-19 pandemic, the demand for such masks is exploding, as these masks are being extensively used by people and healthcare practitioners for minimizing the spread of the infection. Individuals, hospitals, clinics, and ambulatory surgery centers (ASCs) are the major end users of respiratory, surgical, and face masks across the world.

Out of these, the usage of these masks is predicted to be the highest in hospitals in the coming years, on account of the fact that nearly all medical practitioners working at hospitals are wearing masks, because of the presence of strict regulations regarding the wearing of masks at hospitals. These masks are sold via direct and indirect channels. Between these, the sales of these masks via indirect channels are predicted to be higher in the coming years.

Hence, it can be said with full confidence that the demand for surgical, respiratory, and face masks will soar all over the world in the future years, mainly because of the rising prevalence of airborne and lung diseases and the increasing implementation of strict regulations regarding mask usage at healthcare settings across the world. 

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Why Has Antimicrobial Coatings Market Witnessed Positive Impact of COVID-19?

The antimicrobial coatings market is being propelled by the increasing awareness on proper hygiene and safety, stringent regulations being implemented in this regard, and surging consumption of such materials in a range of industries and applications. Additionally, with time, doctors have come to prefer these products over disinfectants because coatings prevent the sticking of microbes on the surface of medical devices, thus helping prevent hospital-acquired infections (HAIs). As a result, the market stood at $3.6 billion in 2020, and it will grow significantly during 2021–2030 (forecast period).

Medical & healthcare, building & construction, food & beverage, heating ventilation, and air conditioning (HVAC) system, transportation, and protective clothing are the categories of the application segment. Among these, the medical & healthcare category dominated the market during the historical period (2015–2020) due to the increasing prevalence of HAIs. As per the Centers for Disease Control and Prevention (CDC), every day, among every 25 hospital patients in the U.S., at least one contracts an HAI. Thus, the hygiene and safety regulations implemented for healthcare settings are becoming stricter, thereby driving the market.

Research activities to come up with better materials are the key antimicrobial coatings market trend. Such activities have especially picked up during the ongoing coronavirus pandemic, during which the market players are making concrete efforts to come up with antimicrobial coatings that can damage the cell structure of the virus, to kill them. For instance, the Nerolac Excel Virus Guard emulsion paint, developed with the Japanese Shiquy Technology, has shown effectiveness in reducing microbial growth on walls significantly.

North America has been the largest antimicrobial coatings market till now, mainly because of the favorable government initiatives. For instance, the construction of hospitals and other medical settings in the U.S. is encouraged under the Affordable Healthcare Act, which is propelling the consumption of such anti-infective agents. Moreover, due to the strict government regulations, manufacturers of HVAC systems are using such coatings in their products, especially now, during the raging COVID-19 pandemic.

Therefore, with the surging public awareness on infection prevention, currently and long after the pandemic has ended, the market will witness continuous growth.

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Why Is North America Leading 3D Printing High-Performance Plastics Market?

Factors such as the escalating demand for mass customization of products and increasing applications of 3D printing technology in the automotive, defense, aerospace, and aviation industries will facilitate the 3D printing high-performance plastics market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue reached around $73.5 million in 2020. In recent years, increasing shift of manufacturers from traditional production methods to 3D printing, due to the zero-material wastage, more customizability, and cost-effectiveness offered by this technology, has become a major market trend.

One of the key catalysts for the market growth is the widening application base of 3D printing high-performance plastics in the aerospace industry. The rising production of aircraft components, primarily on account of the mushrooming demand for aircraft to ferry more cargo and passengers. 3D printing technology is an effective method of producing aircraft parts, as it uses filaments, which help in reducing the weight of the manufactured products. Furthermore, the usage of filaments also assists in enhancing strength and designing and creating complex structures for aircraft components. 

Currently, players operating in the 3D printing high-performance plastics market are engaging in partnerships to gain a significant position. For instance, in March 2021, Stratasys Ltd. partnered with Xometry to offer a wide range of high-performance nylon materials to end users. With this partnership, the customer base of Xometry, which includes Fortune 100 companies and startups, got access to the selective laser sintering (SLS) 3D printing technology of Stratasys Ltd. Other companies focusing on improving their presence through partnerships include Saudi Basic Industries Corporation (SABIC), EOS GmbH Electro Optical Systems, Solvay, and Victrex plc.

Geographically, North America held the largest share in the 3D printing high-performance plastics market in 2020, and it is expected to maintain its dominance throughout the forecast period as well. This can be ascribed to the increasing investments being made in the research and development (R&D) of 3D printing materials, on account of the escalating focus on technological advancements. Moreover, the expanding manufacturing base of the robotics, aerospace, medical prostheses, and automobile industries in the region will also catalyze the market growth in the forthcoming years. 

Thus, the increasing demand for aircraft and automobiles will supplement the market growth in the foreseeable future.

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Increasing Incidence of Road Accidents Driving Sales of Automotive Night Vision Systems

The rising prevalence of road accidents, especially at night, is encouraging many automobile manufacturers to incorporate night vision systems in their offerings. According to the World Health Organization (WHO), around 1.3 million deaths are caused every year because of road accidents. Furthermore, the organization reported that road accidents are leading cause of deaths for young adults in the age group of 5–29 years and children and these crashes cost several countries as much as 3% of their gross domestic product (GDP).

Automotive night vision systems have the ability to easily perceive surroundings of the vehicle beyond the range of the headlights, thereby improving the vision and perception of the driver at night or in low visibility conditions. Moreover, these systems alert the driver about obstacles and probable hazards, that are otherwise not visible, thereby improving the driving experience and vehicle safety. The adoption of these systems is currently very high in luxury and premium cars, which are majorly sold in China and developed countries such as the U.K., the U.S., Spain, Japan, and Germany. 

Because of the increasing integration of these systems in automobiles, the booming sales of vehicles, especially in the Asia-Pacific (APAC) region, are also driving the growth of the automotive night vision system market. According to the predictions of the market research organization, P&S Intelligence, the market will exhibit huge expansion from 2019 to 2025 (forecast period). Automotive night vision systems are incorporated in both commercial vehicles and passenger cars. The adoption of these systems in passenger cars is predicted to rise significantly in the coming years. 

Thus, owing to the rising incidence of road accidents, growing need for greater visibility at night and in bad weather, and the burgeoning requirement for advanced safety systems in vehicles, the demand for automotive night vision systems will surge sharply all over the world in the coming years. 

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Hospital-Acquired Infections Boosting Usage of Single-Use NPWT Devices

Wounds are perhaps the most-common form in which an injury is visible. They can range from minor scrapes and cuts to those that tear the flesh and expose the bone. While nothing normally needs to be done for minor wounds, the major ones don’t heal as quickly on their own. Moreover, unhealed wounds accumulate pus and ultimately become a breeding ground for microbes, which can lead to gangrene, requiring the entire affected tissue to be removed. In extreme cases, gangrene results in limb and arm amputations.

Access Detailed Report - Single-Use Negative Pressure Wound Therapy Devices Market Revenue Estimation

As a result of the growing awareness on the dangers of open wounds, P&S Intelligence predicts the single-use negative-pressure wound therapy (NPWT) devices market revenue to reach $1,673.1 million by 2030 from $770.2 million in 2020, at an 8.1% CAGR between 2020 and 2030. This is because since the 1990s, NPWT has become a preferred advanced wound care solution, especially for long-lasting wounds. The term ‘negative pressure’ implies that unlike conventional wound healing techniques, it doesn’t press on the wound; rather pulls at it, thereby sucking out the exudate.

In regards to single-use NPWT, it is the surging cases of hospital-acquired infections (HAIs) that are propelling their usage. As conventional variants are used on multiple patients, they can easily transmit infections from one patient to another, many of them deadly ones. The World Health Organization (WHO) says that “Of every 100 hospitalized patients at any given time, 7 in developed and 10 in developing countries will acquire at least one health care-associated infection.”. This not only leads to a high mortality burden, but it can also lead to millions in losses for healthcare settings if the allegations of negligence are proved.

Hence, North America is the largest single-use NPWT devices market in the world, because not only is its healthcare infrastructure highly advanced, but the regulations on HAI prevention are also among the strongest here. Moreover, the continent has a high incidence of chronic diseases that cause wounds on their own or as a result of surgeries. Similarly, Asia-Pacific (APAC) is embracing this technique with the increasing investments in its healthcare sector, rising burden of diseases, and an already-high incidence of burns and road accidents.

Hence, with the advancing medical sector, the adoption of single-use NPWT devices will grow.

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How Is Booming Automotive Production Driving Self-Healing Materials Market?

The self-healing materials market is advancing on account of the increasing demand for such products in the consumer electronics and automotive industries and rising number of technical advancements in them. As a result, the market value is expected to boom massively during 2021–2030 (forecast period), from $1.1 billion in 2020. As the term suggests, these materials are able to repair the damage caused to them themselves, without the requirement for humans.

Based on material, the categories of the market are concrete, polymers, coatings, asphalt, ceramics, fiber-reinforced composites, and metals. Among these, the largest share in the market during 2015–2020 (historical period) was held by the polymers category. This is ascribed to the thermal stability, abrasion resistance, and durability of self-healing polymers. Moreover, such materials imitate what is known as biological healing, which they initiate without any help from people. Moreover, polymers, which are essentially plastics, have wide-ranging applications, which is why this category will witness considerable growth till 2030.

The application segment of the self-healing materials market is classified into building & construction, mobile devices, transportation, general industrial, and others. In 2020, the building & construction category generated the highest revenue owing to the increasing usage of such materials in non-residential construction. If not checked and corrected, early-stage damage can worsen over time, ultimately leading to the failure of the material. Hence, with infrastructure development activities picking up around the world with a special focus on durability and structure safety, the demand for such materials is growing.

Europe dominated the self-healing materials market in 2020, and it is set to witness substantial growth during the forecast period. This is essentially attributed to the increasing research and development (R&D) activities being conducted in the continent in the advanced material domain. Further, France, Germany, and the U.K. are consuming self-healing polymers in various applications, including automotive, healthcare, and building & construction. For instance, Germany is home to numerous luxury automakers, such as Volkswagen, Mercedes-Benz, Volvo, Audi, BMW, Daimler, and Porsche, who are using self-healing materials in their new offerings.

Hence, with the widening applications of these materials, the revenue for market players will increase.

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Why Is Rising Multifunctional Enzyme Demand Strengthening Industrial Enzymes Market?

A number of factors, such as the surging environmental concerns, escalating demand for protease and carbohydrase in the food and beverages industry, booming demand for bioethanol, rising focus on research and development (R&D), accelerating industrialization, and increasing advancements in the nutraceutical sector will drive the industrial enzymes market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated revenue of $5.7 billion in 2020. Moreover, the advancements in enzyme engineering and green chemistry and introduction of genetically engineered enzymes will facilitate the market growth.

One of the key drivers for the market is the burgeoning demand for bioethanol owing to the rising environmental concerns and depleting fossil fuel reserves. Ethanol derived from biomass can be utilized as an octane enhancer, substitute, and extender for conventional motor fuels, such as kerosene, diesel, and gasoline, in countries with surplus agricultural produce. Additionally, biofuels can be used as a substitute for toxic oxygenates in petroleum fuels, owing to which there will be a rapid surge in the production of biogas and biodiesel and a significant reduction in air pollution levels.

Currently, companies operating in the industrial enzymes market are involving in product launches and acquisitions to consolidate their position. For instance, in December 2019, Seqens SAS introduced the 7 SEQENZYM kits for molecular synthesis transformations by the screening of enzymes and facilitating rapid assessment. Furthermore, in March 2021, Novozymes A/S completed the acquisition of the data science platform of Biota Technology Inc. to amplify its sales in the consumer health industry and embolden its microbiome R&D capabilities, which are focused on probiotic platforms.

Geographically, North America generated the highest revenue in the industrial enzymes market in 2020, and it is expected to retain its dominance throughout the forecast period. This can be primarily attributed to the surging technological advancements, soaring number of clinical trials to develop potent therapeutics, flourishing food and beverage processing sector, rising implementation of biofuel production policies, and increasing use of high-performance items such as biopolymers, biofuels, and processed food in the region.

Therefore, the soaring need for bioethanol and mounting demand for multifunctional enzymes will accelerate the market growth.

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Why is Use of Electric Vehicles and Robotics Surging in Mining Operations?

The mushrooming requirement for automated systems in mining operations is fueling the use of electric vehicles and robotics in the mining sector. Historically, the mining industry has been a highly labor-intensive industry. However, with rapid technological advancements, the increasing implementation of government regulations aimed at promoting workforce safety, and the hurdles and obstacles associated with finding skilled workers, the adoption of automation is rising in the industry. Besides, the rapid digital transformation and the surging incorporation of advanced technologies are also providing lucrative growth opportunities to mining companies.

Moreover, many mining companies are increasingly focusing on enhancing production, improving efficiency, making the overall work environment less hazardous and safer, and reducing the overall cost. Additionally, several mining firms are leveraging the industrial internet of things (IIoT) in order to ensure a highly connected network among different stakeholders in the mining industry and allow autonomous control in various processes while building sustainable value chains. This is predicted to fuel the expansion of the global electric vehicles and robotics in mining market in the coming years.

Globally, the Asia-Pacific (APAC) region will hold the largest share in the electric vehicles and robotics in mining market in the coming years, as per the estimates of the market research company, P&S Intelligence. This is ascribed to the fact that China is one of the largest producers of coal in the world, with the country accounting for around 47% of the total coal produced across the world. Indonesia and Australia are the other major coal producers in the region. The use of electric vehicles and robotics will also shoot up in the mining industry in Latin, America, Middle East, and Africa (LAMEA) in the upcoming years.

Thus, the use of electric vehicles and robotics is set to surge in mining operations in the years to come, primarily because of the growing requirement for automation in the mining sector and mushrooming demand for advanced technologies and mining techniques all over the world. 

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What are Key Factors Causing Boom of Ultrasound Device Market?

The global ultrasound device market is projected to advance at a considerable rate in the coming years, which is attributed to the surging geriatric population, rising healthcare cost, technological advancements in ultrasound devices, increasing prevalence of chronic and lifestyle associated diseases, and rising demand for minimally invasive diagnostic and therapeutic techniques. Ultrasound devices are utilized for therapeutic and diagnostic applications. In terms of display, the market is bifurcated into colored display and black and white display. The colored display is expected to account for the major share of the market in the near future.

Browse detailed report - Ultrasound Device Market Revenue Estimation and Growth Forecast

When technology is taken into consideration, the ultrasound device market is divided into high-intensity focused ultrasound (HIFU), 2D, extracorporeal shockwave lithotripsy, 3D and 4D, and doppler. Out of these, the 2D division dominated the market in the past and is further predicted to account for the major share of the market in the coming years, as it is the conventional ultrasound scanning technology. The HIFU division is expected to grow at the fastest pace in the coming years. The technology is utilized for treating a single tumor or a part of a large tumor.

The surging prevalence of chronic and lifestyle associated diseases, such as heart disease, diabetes, cancer, respiratory disease, and stroke, is among the major driving factors of the ultrasound device market. In 2012, about 117 million people in the U.S. were suffering from either one or more chronic health conditions, according to the Center for Disease Control and Prevention. In addition to this, cardiovascular diseases are the leading cause of premature death across the world. Attributed to these factors, various developments have taken place in the field of cardiac ultrasound for effective diagnosis and treatment.

Hence, the market is being driven by the growing prevalence of chronic and lifestyle associated diseases and increasing requirement for minimally invasive diagnostic and therapeutic techniques.

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Ballooning Incidence of Chronic Diseases Fueling Global Demand for Protein Expression

 The rising incidence of chronic diseases is pushing up the requirement for protein expression across the world. Viral diseases like HIV/AIDS, hepatitis, cancer, cardiovascular diseases, and chronic obstructive pulmonary diseases (COPD) are the major types of chronic diseases occurring around the world. As per the World Health Organization (WHO), chronic diseases are responsible for 60.0% of all deaths across the world. These diseases need clinical intervention, in which, the adoption of protein expression methods is growing rapidly. 

In simpler terms, it can be said that the number of geriatric people across the world will rise from 901 million to 1.4 billion from 2015 to 2030, as per the estimates of the UNDESA. The increasing life expectancy and falling birth rates are fueling the growth of the geriatric population all over the world. This is propelling the requirement for protein expression, which is, in turn, driving the advancement of the global protein expression market. 

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There are mainly six types of protein expression systems namely prokaryotic expression systems, mammalian cell expression systems, algal-based expression systems, yeast expression systems, insect cell expression systems, and cell-free expression systems. Out of these, the usage of the prokaryotic expression systems was found to be the highest during the last few years. This was because these systems are more affordable than the mammalian cell expression and insect cell expression systems. 

The large-scale adoption of protein expression in this region was due to the high incidence of chronic diseases, the growth and development of research and development (R&D) infrastructure, the rise in healthcare spending, and the presence of a large geriatric population in the region. In this region, the usage of protein expression was the highest in the U.S. in the past. After North America, the adoption of protein expression was the highest in Europe in the years gone by.

Hence, it is safe to say that the demand for protein expression is predicted to soar all over the world in the coming years, primarily because of the growing prevalence of chronic diseases, the surging population of geriatric people, and rapid technological advancements being made in protein-based research. 

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Which Country Offers Brightest European Durable Medical Equipment Market Investment Prospects?

Almost 77% of the disease burden and 86% of all annual deaths in Europe are a result of chronic diseases, as per the World Health Organization (WHO). For instance, almost 60 million people in the continent suffer from diabetes, and the WHO says that this number is steadily going up. People of all ages are falling prey to this common, yet pestering endocrine disorder due to obesity, physical inactivity, and poor diet. Similarly, the agency says that heart diseases kill more people than tuberculosis, acquired immune deficiency syndrome (AIDS), and malaria together, in Europe. With the rise in the prevalence of all such chronic diseases, the hospitalization rate is going up.

Access Detailed Report - European Durable Medical Equipment Market Competitive Analysis

In today’s time, be it monitoring and therapeutic equipment, bathroom safety equipment, medical furniture, or personal mobility equipment, everything needs to be strong and long-lasting. Among these, durable monitoring and therapeutic equipment has been in the highest demand in the continent, owing to its extreme importance in patient care. Systems such as infusion pumps, blood glucose monitors, oxygen equipment, and vital sign monitors are not only essential in healthcare settings, but several of them are also quite expensive. Additionally, with their heavy usage round the clock, they suffer wear and tear, which is why they must be durable. 

All such durable medical equipment is used at ambulatory surgical centers (ASCs), hospitals, and home care settings. Till 2018, hospitals procured these products in the highest numbers, as the patient footfall is the highest at such places. People prefer to visit hospitals because such establishments offer better healthcare facilities and employ professionals from all fields of medicine. In the coming years, the installation of such systems is expected to grow the fastest in home care settings, due to people’s preference for privacy and increasing geriatric population, which cannot always travel to a hospital.

Germany is currently the largest European durable medical equipment market, as it is home to a large number of hospitals, more specifically 1,951 in 2018, which hosted over 19 million patients that year, according to the Federal Statistical Offices. In the coming years, the purchase of such products is projected to escalate the fastest in the U.K., as the life expectancy here is increasing. The Institute for Health Metrics and Evaluation (IHME) has reported an increase of 4.2 years in the life expectancy of women and 6.3% for men during 1990 and 2017 in the U.K.

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Why Asia-Pacific would Witness Fastest Pharmaceutical Filtration Market Growth?

 Compared to 7.7 billion in 2019, the earth would be home to 9.7 billion people by 2050, says the United Nations, in its 2019 World Population Prospects report. With population boom, the demand for everything, be it food, water, clothes, housing, or medicines, will rise too. Plus, with the prevalence of chronic diseases surging, prescription as well as over-the-counter (OTC) drugs are needed more than ever. This is leading to huge investments in the pharmaceutical industry, wherein new production plants as well as research laboratories are being set up. At both these places, filtration is one of the most important processes, as the drugs being produced or researched upon must be completely contamination-free.

Browse In-depth  Pharmaceutical Filtration Market Companies’ Strategic Developments

Thus, with the rising need for medicines, the pharmaceutical filtration market is predicted to grow considerably in the coming years. For the process, membrane filters, prefilters and depth media filters, cartridge and capsule filters, single-use systems, filter holders, and filtration accessories are required. Among these, membrane filters have historically been bought in the highest numbers, as they are being rapidly used for pharmaceutical and other related purposes. The reason is that their installation in large as well as small settings is quite easy.

The final factor is also why among the three scales of operations, where filters are used — pilot, research and development (R&D), and manufacturing — manufacturing accounts for their highest use. As research and pilot studies are done in laboratories with small-scale instruments, purchasing filters and accessories in extreme volumes is not necessary. However, once the medicine enters mass production, huge volumes of ingredients pass through the machines every day, which is why the filters and accessories need regular replacement.

Around the world, currently North America and Europe are the two largest pharmaceutical filtration markets, as they account for the highest medical drug production and R&D. These regions have already possessed more advanced technology than others, which automatically gives them an edge over other regions. The U.S., Germany, the Netherlands, Belgium, Switzerland, and Italy are the largest medical drug exporters around the world.

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How Is Growing Plastic Production Driving Alpha-Olefin Consumption?

Global plastic production increased from 348 million tonnes in 2017 to 359 million tonnes in 2018, as per PlasticsEurope. Among all types of plastics, polypropylene (PP) and polyethylene are produced and consumed in the highest volumes. Common uses of PP are hinged caps, food packaging, microwave-proof containers and other pieces of houseware, plastic furniture, pipes, automotive components, medical supplies (syringes, vials, Petri dishes, and non-absorbable sutures), and even banknotes and items of clothing. 

Similarly, PE, in both its low-density (LDPE) and high-density (HDPE) forms, is used in trays and containers, reusable bags, agricultural films, toys, food packaging, milk bottles, textiles & fibers, fittings & pipes, wires & cables, and houseware. The increasing demand for PP and PE products, according to P&S Intelligence, will be the key factor to take the alpha olefins market to $15,846.5 million by 2023 from $11,704.2 million in 2017, at a 5.4% CAGR between 2018 and 2023. This is because alpha-olefins are widely used in the production of polyolefin comonomers, of which PP and PE are the most-widely used.

Other key products made from alpha-olefins are surfactants and their intermediates, petroleum additives, synthetic lubricants, plasticizers, and oilfield chemicals. Among these, the demand for synthetic lubricants and petroleum additives is rising because of the increasing concerns regarding air pollution from gasoline (petrol)- and diesel-based automobiles. Also known as fuel additives, petroleum additives serve a range of purposes, such as controlling engine deposits, increasing the cetane (diesel) and octane (petrol) ratings, improving fuel fluidity in cold conditions, reducing nitrous oxide emissions, increasing the fuel lubricity and preventing the formation of foam.

As a result of the rising demand for all such products, the alpha olefins market is presently dominated by North America. In addition, a lot of petrochemical companies, such as Chevron Phillips Chemical Company LLC and Royal Dutch Shell Plc, are operational here. They not only provide alpha-olefins but also use them, in the form of oilfield chemicals. Moreover, the region is home to the largest medical device industry in the world, which is one of the reasons for its high requirement for PP. Similarly, the stringent Environmental Protection Agency (EPA) emission standards are forcing people to use lubricants and petroleum additives in on-road and non-road engines.

Hence, with the increasing demand for plastics, fuel additives, and lubricants, the consumption of alpha-olefins will surge.

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Surging Vehicle Production Driving Worldwide Demand for Automotive Clutches

With the mushrooming sales of automobiles, especially in the Asia-Pacific (APAC) region, the demand for automotive clutch is rising sharply. According to the Organisation Internationale des Constructeurs d'Automobiles, automobile production increased to a record level of 97.4 million units across the world in 2017 after exhibiting 8 years of continuous surge. Furthermore, as per the India Brand Equity Foundation (IBEF), automobile manufacturing in the country rose at a CAGR of 2.36% from FY16 to FY20, with the country witnessing the production of 26.36 million vehicles in FY20. 

Automotive Clutch Market Outlook

As the automotive clutch is an important component of an automobile, the rising sales of automobiles are pushing up its requirement. This automotive component basically enables the transmission of power from the engine to the gearbox and controls the functioning and speed of a vehicle, thereby providing a smooth and comfortable driving experience. In addition, it mitigates the effects of torsional vibration and prevents transmission overload, which is extremely necessary in order to maintain the proper functioning of an automobile. 

Besides, the increasing concerns being raised over vehicle safety in several countries are also driving the demand for automotive clutches, which is, in turn, fueling the expansion of the global automotive clutch market. Moreover, the market is predicted to exhibit huge expansion from 2019 to 2030 (forecast period). Automotive clutches are required in three-wheelers, two-wheelers, passenger cars, medium and heavy commercial vehicles (M&HCV), and light commercial vehicles (LCV). Out of these, the incorporation of automotive clutches was found to be the highest in passenger cars and this trend is predicted to continue in the upcoming years as well.

Geographically, the sales of automotive clutches are currently the highest in the Asia-Pacific (APAC) region, as per the observations of the market research firm, P&S Intelligence. This is because of the surging manufacturing of automobiles in the region. Additionally, the rising urbanization rate and the growing disposable income of people are also boosting the sales of automobiles, which is, in turn, propelling the demand for automotive clutches in the region.

Thus, it can be concluded that the demand for automotive clutches will shoot up in the coming years, mainly because of the rising manufacturing and sales of automobiles all over the world. 

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Why will Demand for Hexamine Surge in Asia-Pacific in Coming Years?

With the expansion of the pharmaceutical industry, on account of the burgeoning requirement for medical products, the demand for hexamine is rising sharply across the world. This is because hexamine is extensively used in various industries such as rubber, pharmaceutical, fuels, and explosives. Moreover, the surging population in several countries is majorly responsible for the growing poverty, which is fueling the rise in the incidence of diseases such as neurological diseases and urinary tract infections.

As hexamine is heavily used as an antibiotic for the suppression of bacteriuria in patients suffering from neurological diseases and the treatment of people suffering from urinary tract infections, the rising prevalence of these illnesses is propelling the demand for hexamine. This chemical is also used in the production of automobile tires, owing to its ability to act as an accelerator in the manufacturing of vulcanized rubber. Because of this reason, the surging sales and manufacturing of automobiles, due to the growing disposable income of people, particularly in China, are positively impacting its worldwide demand. 

This is, in turn, fueling the expansion of the hexamine market, owing to which, the revenue of the market is predicted to surge from $315.4 million in 2017 to $394.2 million by 2023. Furthermore, the market is expected to advance at a CAGR of 3.7% from 2018 to 2023. There are mainly two types of hexamine used across the world—stabilized grade and unstabilized grade. Between these, the demand for unstabilized grade was found to be higher in the years gone by.

According to the market research company, P&S Intelligence, one of the major trends currently being observed in the industry is the surging production of the material in Asia-Pacific (APAC). This is because of the existence of lenient policies regarding chemical production and the availability of affordable raw materials in the region. Many hexamine producers are rapidly shifting their production facilities to APAC countries, due to the implementation of strict environmental regulations by the governments of European and North American countries. 

Hence, it can be said with full confidence that the demand for hexamine will surge all over the world in the upcoming years, mainly because of the rising usage of the material in various industries and in plastic production processes.

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Fuel Cell Vehicles: Future of Green Mobility?

The implementation of strict emission norms and regulations regarding fuel-efficiency in several countries, on account of the escalating pollution levels and rapid deterioration of the environment, is positively impacting the worldwide demand for fuel cell vehicles. For example, the European Union intends to reduce vehicular emissions by as much as 80% by 2050, from the levels reported in 1990, by promoting the deployment of green automobiles. Furthermore, the U.S. Environmental Protection Act (EPA) was enacted for encouraging the adoption of fuel cell electric vehicles (FCEVs) in order to mitigate carbon dioxide emissions.

Several countries are also planning to ban the manufacturing and sales of diesel and gasoline-powered vehicles in the coming years. For example, the U.K., France, Norway, the Netherlands, and India aim to ban the manufacturing and sales of diesel and gasoline-powered vehicles in the coming years (over 2025–2040 period). These measures will support the expansion of the fuel cell vehicle market during 2019–2024. Apart from enabling environment-friendly transportation and providing higher fuel efficiency, fuel cell vehicles also provide an enhanced driving experience. 

Fuel Cell Vehicle Market Outlook

Geographically, the sales of fuel cell vehicles were observed to be the highest in North America during the last few years. The U.S. dominated the North American fuel cell vehicle market in the years gone by, as per the observations of P&S Intelligence, a market research company based in India. As the U.S. government is fully focused on stopping the manufacturing and sales of oil and gas-powered vehicles in the coming years, it is providing various financial incentives and implementing supportive policies for encouraging the adoption of new energy vehicles in the country. 

Thus, it can be said with surety that the sales of fuel cell vehicles will surge in the coming years, primarily because of the growing requirement for eco-friendly vehicles and the increasing implementation of stringent emission regulations by the governments of several countries in order to reduce the emission of greenhouse gases and mitigate the escalating pollution levels. 

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What Are the Evolving Opportunities for the Players in the Lip Cold Sore Treatment Market?

 According to the World Health Organization (WHO), the herpes simplex virus (HSV-1) is primarily transmitted through oral-to-oral contact, which further causes oral herpes and genital herpes. One of the prominent symptoms of HSV-1 is cold sores or herpes simplex labialis (HSL). Herpes infections are highly contagious when symptoms are visible but it can also be transmitted to other people in the absence of symptoms. Thus, the proliferating modes of HSV-1 transmission will augment the need for lip cold sore treatment procedures in China, Hong Kong, Taiwan, South Korea, and other Southeast Asian (SEA) nations.

Browse In-depth  Lip Cold Sore Treatment Market Companies’ Strategic Developments

People of China, South Korea, Hong Kong, Taiwan and other SEA countries also use creams and gels for treating cold sores. These products can be purchased from either pharmacies, grocery stores, and e-commerce platforms, or directly . In recent years, the sales of these products were observed to be the highest through pharmacies, due to the surging number of prescriptions. Doctors in these countries usually prescribe anti-cold sore treatment products for HSV-1 infections, which can be procured through pharmacies.  

Nowadays, lip cold sore treatment product producing companies, such as Perrigo Company plc, Blistex Inc., Kyungdong Pharmaceutical Co. Ltd., Li & Fung Ltd., Carma Labs Inc., Integria Healthcare (Australia) Pty. Ltd., Church & Dwight Co. Inc., Alliance Pharma plc, and Quantum Health, are actively engaging in mergers and acquisitions to cater to the needs of clinics, hospitals, and individuals residing in SEA nations. For example, in May 2019, Laboratoire HRA Pharma SAS acquired the global distribution rights of the Moderna brand, which consists of treatment products for scar and stretchmarks and skincare products.

According to P&S Intelligence, China dominated the lip cold sore treatment market in China and SEA, and it is expected to consume the treatment products at the highest rate in the forthcoming years. This can be primarily attributed to the soaring prevalence of HSV-1 infection in the rural areas of the country and the mounting public awareness about the disease in the nation. Additionally, the presence of leading treatment product manufacturers in the country is also expected to boost the adoption of such products in the foreseeable future.

Thus, the increasing ways of HSV-1 transmission and surging use of cold sore treatment patches in China and SEA countries will fuel the demand for lip cold sore treatment products in the forthcoming years.

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Surging Population of Geriatric People Fueling Demand for Active Pharmaceutical Ingredients

The surging population of geriatric people is driving the demand for active pharmaceutical ingredients across the world. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years and above will rise to more than 1.5 billion by 2050. Across the globe, the share of geriatric people in the total population surged from 6% in 1990 to 9% in 2019, and it is expected to rise to 16% by 2050. 

Get Deep Analysis With Revenue Estimation - Active Pharmaceutical Ingredient Market 

Geriatric people need extensive care, as they are more vulnerable to diseases and require a longer recovery time, because of their low immunity levels. Hence, in order to cater to the escalating requirement for drugs for treating various disorders and diseases in geriatric people, the demand for active pharmaceutical ingredients is soaring. Apart from this, the rising incidence of chronic illnesses, such as cancer and diabetes, is also fueling the expansion of the active pharmaceutical ingredients market, which is expected to witness a surge in its value from nearly $190 billion in 2020 to around $300 billion by 2030.

Depending on the type of producer, active pharmaceutical ingredients are classified into merchant and captive. Between these, the demand for captive active pharmaceutical ingredients was found to be higher during the last few years, and this trend is predicted to continue in the forthcoming years as well. This is attributed to the surging investments being made by major active pharmaceutical ingredient producing companies in various state-of-the-art production facilities and the greater ease of availability of different raw materials. 

Hence, it can be safely deduced from the above paragraphs that the sales of active pharmaceutical ingredients will shoot up in the upcoming years, mainly because of the mushrooming population of geriatric people, growing incidence of chronic diseases, and soaring healthcare expenditure of several countries around the world. 

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Surging Need for Residential and Commercial Spaces Driving India Interior Design Market

A number of factors, such as the rising number of real estate activities, growing population, rapid urbanization, surging disposable income, and increasing government initiatives to boost the construction sector, are projected to propel the growth of the Indian interior design market during the foreseeable period (2021–2030). According to P&S Intelligence, the market generated revenue of $22 billion in 2020, and it is projected to witness significant growth in the coming years. Moreover, the market is witnessing a trend of the increasing demand for theme-based offices and home interior designing, in the country.

One of the prime factors propelling the market growth in India is the surging government support to boost the construction sector. For instance, the construction industry in the country grew at a CAGR of 5.6% during 2016–2020 and it attracted institutional investments of $5 billion in 2020. Moreover, the industry is projected to appear as the third-largest market in the world by 2025. Thus, it is essential for the central government, in association with state governments, to support the development in the real estate sector, which, in, turn, driving the need for interior designing services.

Geographically, North India held the largest share in the Indian interior design market in 2020, and it is projected to lead the market during the forecast period as well. This is ascribed to the growing urbanization rate, surging investments in the real estate sector, mounting number of national and international corporate offices in the Delhi-National Capital Region (NCR), and rising number of housing projects introduced by public organizations and private builders, in the region.

Thus, the rising need for residential and commercial spaces and the increasing government support for the construction industry are projected to propel the market growth in India during the foreseeable period.

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How Is Food Preservative Industry Supporting Chitosan Market Growth?

Factors such as the rising consumption of chitosan in the biomedical, wastewater treatment, agrochemical, food and beverage, cosmetic, and bioplastic industries and increasing research and development (R&D) activities being carried out in this compound are expected to facilitate the chitosan market growth during the forecast years (2021–2030). According to P&S Intelligence, the market was valued at ~$1.8 billion in 2020. Chitosan refers to biodegradable and non-toxic sugar, which is derived from the hard outer skeleton of crab, shrimp, and lobster.

One of the primary growth drivers for the market is the burgeoning demand for bioactive materials in the biomedical industry. Pharmaceutical companies are increasingly using chitosan to manufacture bioactive materials such as sponges, hydrogels, fibers, and films, due to its biocompatibility. Additionally, the large-scale consumption of this chemical in drug delivery systems, owing to its ability to enhance the water solubility and stability of drugs, reduce enzyme degradation, and prolong cycle time. The advantageous properties of chitosan, therefore, help in improving the effectiveness and safety of drugs. 

Geographically, Asia-Pacific (APAC) held the largest share in the chitosan market during the historical period, and it is also expected to demonstrate the fastest growth throughout the forecast period. This can be attributed to the chelating feature of chitosan, which makes it ideal for the treatment of heavy-metal-laden industrial effluents. Moreover, the increasing R&D activities being conducted in chitosan and the surging incidence of chronic diseases will also augment the market growth in the region in the forthcoming years.

Thus, the rising consumption of chitosan in the biomedical and food and beverage industries will support the market growth in the upcoming years.

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What Is Seed Treatment, and How and Why Is It Done?

The population, especially of developing countries, is growing rapidly, which is set to play a key role in the boom of the global population from 7.7 billion in 2019 to 9.7 billion by 2050, says the United Nations (UN). This is propelling the demand for food, the production of which is already not enough to feed the current population, and its growth is driving the rate of starvation. There are a number of reasons for inadequate crop yield, including pests and diseases, natural calamities, and urbanization and reducing farming area.

P&S Intelligence considers all these factors while forecasting significant growth of the seed treatment market revenue from around $6 billion in 2020. This is because coating or injecting seeds with chemical and biological agents makes them impervious to microbial diseases, helps ward of pests, and improves their germination. Thus, with the agrarian community turning to advanced techniques to boost the crop yield, the consumption of such agents will only increase.

Apart from food crops, seed treatment is done for cash crops, such as oilseeds, cotton, tea, coffee, and those now being used to produce biofuels. In this regard, the surging concerns over the greenhouse gas emissions due to the consumption of fossil fuels and their diminishing reserves, are driving the demand for biofuels, such as bioethanol and biodiesel. Such products are produced by fermenting the sugar found in sugarcane and other starchy plants, for which the feedstock must be of high quality, thus boosting the need for seed treatment.

Presently, Asia-Pacific (APAC) is the largest seed treatment market because it is home to some of the most-agriculturally productive countries in the world, including China, India, and Vietnam. Additionally, these are also countries with huge populations, which is why the problem of starvation and malnutrition has always been big here. As a result, farmers in the region are doing all they can to boost their crop yield, especially in the face of the expanding cities, which are taking up arable land.

Thus, with the booming population and food demand, the practice of seed treatment will continue to find takers.

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