Polymeric Adsorbents Market Will Grow the Fastest in the Aromatic Category

The size of the polymeric adsorbents market was USD 140.5 million in 2023, which will power at a rate of 5.8% by the end of this decade, reaching USD 205.5 million by 2030. The usage of this material is quickly increasing in the pharma, chemical, and F&B industries. 

Moreover, the implementation of strict regulations by governments for water treatment powers the use of these chemicals. In these sectors, synthetic materials help adsorb a number of compounds.

On the basis of type, the aromatic category will have the fastest growth, with a rate of 7% in the years to come. These polymers are characterized by crosslinked polystyrene matrices and particularly designed for absorbing ions, molecules, and further substances from gases and liquids. 

Also, modified aromatic adsorbents, particularly those with brominated aromatic matrices, are extensively used for removing certain pollutants like heavy metals. Methacrylic adsorbents such as methacrylic ester copolymers, are put to use in the biotech and phama industries.

On the basis of application, the chlorinated solvent removal category led the polymeric adsorbents market, with a share of 40% in 2023, and it will also have the fastest growth in the years to come. Usually, polymer adsorbents are put to use as cleaning solutions for pesticides, metals, glues, pesticides, paint thinners, resins, and many more agents. 

For instance, Macronet resins are hemocompatible and size-selective, with a pore structure excluding molecules larger than 50 kDa. The pore system of Macronet resins, alternatively, allows efficient adsorption and desorption of molecules, which are smaller than 35 kDa.

APAC led the industry, with a share of 40%, in 2023, and it will also have the fastest growth in the years to come. This is majorly because of the growing industrialization and rising F&B sector. Regarding this, the fast urbanization and changing lifestyles are responsible for the growth of the sector.

It is because of the growth in end-use industries, the demand for polymeric adsorbents is on the rise. This trend will continue in the years to come as well.

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North America Dominated the 3D Printing Materials Industry

The 3D printing materials market was USD 2,578.8 million in 2022, and it will reach USD 16,230.8 million by 2030, advancing at a rate of 25.9% in the years to come.

Plastics holds the largest share in terms of volume, over 30%. This is because of the low prices, easy availability of plastics and their use in numerous designs.

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Additionally, plastic materials offer high adaptability, extreme temperatures, resistance to abrasion, shock, physical distortion, and chemicals; excellent flexibility, sturdiness, and high elasticity, which further increases their consumption.

The filament form dominated the industry in the recent past. This has a lot to do with the use of filaments in toys, numerous household objects, educational models, and cars. Some of the frequently used filaments are PP, nylon, TPU, PLA, ABS, and PVA.

Because of the high strength, low cost, and wide variety of applications, the requirement for 3D printing filaments will keep on increasing in the years to come.

North America dominated the 3D printing materials market, around 45%, in the recent past. This has lot to do with the growth and wide acceptance of the use of this technology in product manufacturing and mass customization . The governments of numerous countries are encouraging the usage of 3D printing.

Furthermore, Europe followed North America in the recent past, with about 35%. The  progress of the industry in this region is powered by the existence of notable aircraft manufacturing companies, for example EuroJet Turbo GmbH, Airbus SE, ArianeGroup, and European Satellite Navigation sectors. As 3D printing materials offer users a simple supply chain, lessen risk, and are lightweight, their acceptance has increased in the aerospace sector.

It is because of the increasing use of 3D printing in the manufacturing sector, the demand for 3D printing filaments will increase at the rate of knots in the future.

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How Do Fire Resistant Fabrics Provide Safety in Extreme Temperature Work Conditions?

The fire-resistant fabrics industry has captured $3.04 billion revenue in 2021 and is expected to rise at the rate of 5.90% from 2021 to 2030, to generate $5.09 billion in 2030. It is due to the growing demand for these materials from the mining, chemical, and oil & gas sector, led by stringent workplace safety regulations in developed countries. 

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The fire-resistant fabrics provide a protective barrier during the explosion or direct exposure to fire. These fabrics are more resistant compared to traditional clothing due to their chemical structure, and hence they do not burn readily. 

Such fabrics are usually made of cotton-based textiles that reduce the risk of fire. These textiles possess greater natural resistance compared to fireproof fibers and other traditional fibers that require chemical treatment. 

These fabrics are flammable, and can be treated with fire-retardant chemicals to boost flame retardation. 

In addition, the rising requirement for fire-resistant textiles in commercial and residential furnishings, as well as surging government investment in safety improvement propels the industry growth.

Based on type, the market is bifurcated into treated and inherent fire-resistant fabrics. Of these two types, treated variants held the larger market share, with revenue of around $1.8 billion in 2021, due to their low cost.

The rising oil & gas industry application of fire-resistant fabrics fuels the material demand. Therefore, these are worn to protect from the extreme heat and working conditions at exploration refineries and sites.

The current government regulations, including direct and indirect expenses caused by workplace accidents, have increased the fire-resistant fabrics demand in traditional energy firms. 

Furthermore, oil & gas is the most -hazardous sector for employees, Operations related to refining goods drilling, servicing, and production is more likely to cause flash fire hazards. It may result in third-degree death and injuries. 

The fire-resistant fabrics are worn to reduce the burn injuries severity and increase the time for users to move away from the burning environment. 

Therefore, the increasing demand to reduce fire burn accidents fuels the requirement for fire-resistant fibers. 

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How Does Automotive Sector Contribute to Rising Demand For Nanochemicals?

The nanochemicals industry has generated $5.67 billion revenue in 2021, and it is projected to generate $8.94 billion revenue in 2030, rising at a rate of 5.2% from 2021 to 2030. It is ascribed to the growing demand for nano-chemicals, led by their applications in various sectors, including electronics, semiconductors, cosmetics, and pharmaceuticals.

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These chemicals are massively used to boost the selectivity and biological molecules' potency to kill cancer cells while causing minimal collateral toxicity to non-malignant cells, which boosts the demand for nano chemicals in the pharmaceutical industry.

Additionally, these chemicals are utilized in various sectors such as rubber, electronic, and battery sectors in massive volume, due to their lightweight, non-resistant nature, high-power density and less flame.

Polymer nanochemicals category is projected to experience faster growth, of over 6.2% in the coming years. It is ascribed to their massive usage in the semiconductor and pharmaceutical industries. This polymer is widely used for controlling the release of drugs in the body, due to its size ranging from 1 to 1000 nm. It also provides protection to drugs and other molecules from the biological environment and offers improved therapeutic index and bioavailability of drug molecules.

North America holds the largest industry share. It is ascribed to technological advancements, increasing research and development expenditure, wide network of pharmaceutical and biotechnological companies in the region. 

The stalwarts of the industry are:

1- BASF SE

2- Dupont De Nemours Inc.

3- Merck KGaA

4- SABIC

5- Thermo Fisher Scientific Inc.

6- Solvay SA

7- Delair SAS

8- Evonik Industries AG

9- Huntsman International LLC

Therefore, the rising pharmaceutical applications boost the demand for nanochemicals. 

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APAC had Largest Share of 38% in Solar Control Films Industry

The size of the solar control films market was over $728 million in 2021, which will reach about $1,284 million by 2030, growing at a rate of around 7% in the near future. 

This is because of the rising consciousness of the compensations of solar control films as compared to sun-reflective glass, snowballing rate of real- estate development, and surging emphasis on lessening of energy costs and carbon footprint.

Vacuum variants had the largest share of revenue, of over 40%, in the recent past, and they will grow at a significant rate in the near future. This development has a lot to do with the rise in the construction and advance in the use in automobiles, as these films reflect the solar radiation and keep the interiors much cooler than other films.

Construction sector dominated the industry of solar control films with over 52%, in the recent past, because of the growing use of these materials in residential and commercial buildings. The rapid infra growth in China, Brazil, Malaysia, India and South Africa, has affected the requirement for solar control films.

The solar control films market of the APAC had a share of over 38% in the past, and it will grow significantly in the future. This is chiefly credited to the increasing investment on construction and warm weather all over the year in most of the region. Additionally, the region is the fastest-growing, because of the presence of India and China.

North America follows the APAC region because of the budding automotive industry. Moreover, the construction industry in the region is booming because of the advantageous policies for lenders and the economic recovery, which have led to a resurgence in the requirement for residential vicinities.

It is because of the growing construction industries and increasing environmental concerns, the demand for solar control films is on the rise around the world.

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Horticulture has the Largest Revenue Share in the Fertigation and Chemigation Market

In 2021, the size of the fertigation and chemigation market was $12,005 million, and will reach about $21,435 million by the year 2030, advancing with a growth rate of about 7% in the coming years. This can be credited to the cumulative use of fertilizers for additional crop production and increasing consciousness concerning water use and scarcity. Furthermore, the increasing popularity of drip irrigation and promising initiatives by the government propel the growth of the industry.

Drip irrigation systems had the largest demand in 2021 with a revenue share of over 70%, and they will be this way in the years to come as well. This is the most-effectual technique of fertigation since it necessitates less manpower than sprayers and other conformist methods of irrigation, which decreases the total cost of crop production. These are also generally used in agriculture since they make it simple to distribute fertilizers alike drips, near the roots, which results in a surge in root nutrient uptake.

Fertilizers were the most demanded in the year 2021, and they will continue in the near future, advancing with a growth rate of approximately 7%. This has a lot to do with the increased use of fertilizers to surge the crop yield, the existence of limited arable land, along with the snowballing demand for food because of the growing population, particularly in the Asian region.

Horticulture had the largest share of revenue in fertigation and chemigation market, and it is will maintain its position in the years to come. Owing to the lesser costs of labor and fertilizer, this technique is used widely for producing fruits and vegetables. Moreover, horticulturists can deploy these kinds of systems as the return on investment in horticulture is higher than the other food grains.

These contemporary fertilization and nutrient supply methods need less labor and water than conformist methods. Therefore, these methods provide a wonderful potential to make the most of the crop harvest and lessen ecological pollution, by rising fertilizer use efficiency, plummeting fertilizer application, and enhancing the ROI.

Also, the earth is at a potential risk of facing water scarcity, as numerous countries are at this time facing the depletion of groundwater. Consequently, water obtainability for agriculture will decrease in the coming years, therefore it is important to use it competently, because of which the industry will flourish in the coming years.

The increasing population and scarcity of water has much to do with the increasing demand for fertigation and chemigation systems.

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Acrylic Adhesives Market to Reach a Value of over $14,921 Million by 2030

The size of the acrylic adhesives market was over $8,964. million in 2021, and it will grow at a rate of about 6% in the near future, to reach a value of over $14,921 million by 2030. The growth is mainly because of the increasing demand for eco-friendly and scientifically advanced acrylic adhesives in different industries. These materials have an extensive range of use in transportation, packaging, woodworking, automotive, and several other areas.

Europe is the region producing acrylic adhesives in large quantities, while the U.S. can import them. Thus, the U.S. will observe a massive increase in product sales in the coming years. Economic performance will rally in Europe and North America, consequently allowing for an increase in investments in manufacturing and research and development, while the Peoples Republic and Japan withstand the existing industrial development.

APAC has the largest demand in the acrylic adhesives market because of a momentous surge in building activities, an increase in the packaging requirement from the evolving e-commerce industry, and the development of the food & beverage sector. Owing to the fast development in internet access in India and China, the e-commerce packaging requirement will expand more quickly in these countries. The surging demand for food and beverages is the reason for the continuous development of paper packaging and rigid packaging businesses in these countries.

Furthermore, these nations’ construction industries will expand in the years to come because of the rising count of planned projects, which are in the developmental phase. For example, China will have 400 airports for passengers and cargo by 2035. Aldo, the government has planned the relocation of 250 million people to megacities in the next decade.

The increasing penetration of these adhesives in the automotive and aerospace sectors has contributed significantly to the rising demand for the same across the globe.

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Immersion Cooling Market To Propel at a Rate of About 25% by 2030

The total revenue of the immersion cooling market was about $259 million in 2021, and it will grow at a mammoth rate of around 25% by the end of this decade, to reach over $1,855 million by 2030. The increase in the count of data centers, producing large amounts of data, and the rapid use of cloud services are the main factors driving the growth of the market.

The single-phase category had a larger share, of approximately 70% revenue in the immersion cooling market in 2021. This is credited to the numerous benefits presented to users by this technique. For example, single-phase immersion cooling systems are energy efficient, simpler to function, lucrative, have low costs of maintenance, and coolant life of 1.5 decades. Consequently, the requirement for these systems in data centers is considerably higher, this is the reason that this category is the market leader.

The immersion cooling market of North America has the largest revenue share, with approximately 40% in 2021. This is credited to the considerable investment in R&D, which is leading to the growth of next-gen facilities that are more competent and technologically innovative regarding power management. There are also numerous developers of data centers, which will have a positive impact on the market growth.

APAC immersion cooling market will grow at the fastest rate, proceeding at a growth rate of above 25%, in the coming years, as a result of the wide acceptance of edge-computing technologies in various nations like the Peoples Republic, Japan, and India. Furthermore, the increasing manufacturing and finance industries will further drive the requirement for data centers, requiring more cooling. Furthermore, advancing blockchain and crypto mining also support the demand for immersion cooling in the region.

There is an increasing number of data centers, and also because of the generation of massive amounts of data, there is a huge need for immersion cooling.

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How Does Rise in Disposable Income Leads to Green & Bio-Solvents Market Proliferation?

In 2021, the green & bio-solvents market stood at $3,128.5 million, and it is expected to generate $5,322.2 million in revenue by 2030, progressing at a rate of 6.1% CAGR, ascribed to the expansion of the industry due to rising health & environmental concerns of synthetic solvents. Moreover, the paints & coatings category generates revenue worth over $1 billion, due to the economic surge and population growth, resulting in the expansion of the automotive and construction industries. Both the industries are major consumers of paints & coatings. It is expected to experience snowballing demand for eco-friendly solvents in the near future.

The next-largest green & bio-solvents market share is acquired by adhesives, attributed to the growing requirement for the eco-friendly adhesives solution in both automotive and construction industries. Moreover, the population explosion in developing countries such as India & China leads to the advancement of major industries such as automotive, building & construction, and furniture resulting in an increased demand for bio-solvents.

The growing use of chemicals worldwide resulted in governments imposing multiple regulations to reduce the technologies used for paints and coatings manufacturing, resulting in the green & bio-solvents market propulsion. Synthetic solvents pose a great threat to the workers of factories. It includes various health risks such as eyes, nose, and skin irritation. Moreover, conventional solvents cause volatile organic compound emissions to the environment. Therefore, regulatory authorities are focusing on curbing the manufacturing of these solvents by controlling technologies used in their production. Companies are also investing to improve their production processes and hence reduce toxic emissions. 

North America captures significant green & big-solvents market share, and it is expected to garner $2.0 billion in revenue by 2030, advancing at a rate of 6% during the forecast period 2021-2030, attributed to the dominance of the market players in the region such as Cargill Incorporated, and Dow Chemical Co., and Gevo Inc., that have developed capabilities for eco-friendly and cost-effective solvents with their advanced product research. 

Thus, the demand for green & bio-solvents is rising to minimize the VOC emission to the environment caused by conventional solvents. 

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Why Will Europe Dominate the Underfloor Heating Market?

The global underfloor heating market is driven by an increasing count of construction projects and surging awareness about economic heating solutions. In 2021, the market stood at $4,319.3 million, and it is predicted to touch $7,945.4 million by 2030. The market is expected to witness a 7.0% CAGR from 2021 to 2030, thereby generating extravagant opportunities for the market players in the future. Moreover, the U.K. market will grow at the swiftest CAGR in the coming years in Europe.

Geographically, Europe will rule the underfloor heating market, by advancing at a 7.0% CAGR in the coming years owing to extensive government support in an attempt to meet the environmental sustainability standards through an efficient energy system. The European government had lowered the carbon emissions significantly by imposing stringent rules and regulations. This will pave the way for a carbon-free environment by 2050. Furthermore, the dire need for the energy performance of buildings is being complemented by the New Building Energy Act of Germany.

Based on offering, the hydronic underfloor heating system bifurcation is the larger. This can be credited to its reduced operational costs and the ability to generate more heat than the conventional electric system. Therefore, the bigger revenue share is held by this category, and it will show this trend in the forecast period as well by advancing at a 7.2% CAGR. The prominent European and North American countries have contributed extensively to the boom in the market due to a paradigm shift in the living standards of people with a rising disposable income.

The new installations category in the underfloor heating market will advance at a higher rate owing to surging awareness about lowering carbon emissions. For instance, the EE regulatory framework outlines actions and encompasses policies evolved by the EU to minimize greenhouse gases by more than 55% by 2030. Furthermore, underfloor heating systems are being used in residential and commercial infrastructure projects, including smart city projects, to achieve these goals. In addition, the retrofit installations will also not lag as they are very comfortable, apart from being an economic option.

The residential category will boom the underfloor heating market and account for about $4.0 billion of the total revenue by the end of this decade. This can be ascribed to its increasing deployment in residential sectors because of its ideal benefits. Thus, the installation of these systems goes hand in hand with rising house construction activities in well-developed nations, such as Canada and the U.S. nonetheless, the commercial category will also expand on account of effective floor heating in retail enterprises and workplaces.

Therefore, the rising number of residential and commercial projects will exert a push on the revenue being generated in the market by offering lucrative opportunities to industry participants.

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How Do Strict Regulations on VOC Emissions Resulting in Vapor Recovery Units Market Boom?

In 2021, the vapor recovery units industry valued at $758.5 million; it is expected to grow at a rate of 5.0% from 2021 to 2030, to hit $1,177.8 million by 2030, attributed to the rising production of the oil & gas, and petrochemicals. Furthermore, the strict regulations for volatile organic compounds and the rising concern toward environmental problems led by the increased toxic emissions from petrochemicals lead to market expansion. 

Under the application segment, the storage category captures a significant vapor recovery units market share, attributed to the increased usage of the storage tanks for recollecting vent gases from distillation tanks and crude petroleum at storage sites. The worldwide rise in crude oil storage tanks has increased the demand for vapor recovery units. For example, according to the U.S Environmental Protection Agency, the country has more than 500,000 crude oil storage tanks.

APAC is expected to witness the fastest growth in the vapor recovery units market, attributed to increased investments in the capacity of oil & gas. In addition, the expansion of the manufacturing industry, rising demand for oil & gas commodities, and petrochemical derivatives result in market proliferation. The developing countries such as India and China contribute substantially to the APAC market, attributed to the population explosion, and rising urbanization, and industrialization. 

The membrane separation technology is expected to witness the fastest growth in the vapor recovery units market, attributed to the low-cost installation and operations of the membrane separators. The vapor recovery units that facilitate the separation of the membrane have a higher recovery rate and low maintenance cost. However, the absorption technology captures a significant share of the VRUs market; expected to retain the same position in the near future, attributed to the massive usage of the absorption-based VRUs. 

Therefore, the expansion of the manufacturing entities and rising environmental concerns lead to the proliferation of the market.

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Tier III Data Center Dominate Data Center UPS Market with $3 Billion Revenue

The global data center UPS market produced $5,729.0 million in 2021, which is predicted to hit $10,096.5 million by 2030, growing at a 6.5% CAGR from 2021 to 2030. The market is being bolstered by the opening of new data centers, as the need for data storage is skyrocketing across all industries. The need for UPS systems is growing since they safeguard data centers from power spikes and outages. With high-density cloud computing systems, industries and businesses rely heavily on data centers, necessitating power supply continuity for effective data security.

The biggest end customer of data center UPS solutions is the IT industry. During the projected period, the segment is also predicted to increase at the fastest rate. Top IT firms rely on data analytics and cloud computing systems, and they have a high demand for data storage and security in data centers. Businesses use data center UPS systems to provide a continuous power supply to meet their business objectives. Amazon, Microsoft, and Google are a couple of the key companies in the data center UPS market that own over half of the data centers and contribute considerably to the market's growth.

North America held the biggest share of the revenue in the data center UPS market in 2021. This is due to the presence of key market companies including ABB Ltd., Eaton Corporation, and Schneider Electric, as well as the region's data center concentration, which is the highest in the world. On the other hand, the APAC market is expected to grow at the fastest rate in the future years. This is because of the region's growing investments, data center growth, and widespread acceptance of public and hybrid cloud by numerous sectors.

Governments are taking several steps to reduce their carbon impact. For example, The Carbon Neutral Government Program was created to help the public sector reduce emissions faster. As a result, businesses, manufacturing units, and IT companies are taking measures to move toward more efficient and environmentally friendly power backup systems, with green UPS systems leading the way in the data center UPS market, consuming less energy and producing a lower carbon footprint.

Hence, the market will grow significantly in the coming years, due to the growing count of new data centers and the heavy dependency of industries and businesses on data centers.

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How Does High Rise Structures Boost Structural Metal Products Market?

In 2021, the structural metal products market size stood at $448.3 billion, and it is expected to grow at a rate of 6.1% from 2021 to 2030, to acquire $764.0 billion in revenue, attributed to the rising construction activities led by infrastructure development worldwide. The surge in demand for structural metal products is attributed to their physical properties, including pest and mold resistivity, sustainability, and cost-effectiveness, propelling the market. The government-led infrastructure development projects such as railways and highway construction drive the market.

The infrastructure development activities to manage the transportation drive the structural metal products market. For instance, the massive usage of metal liners, casings, plates, culverts and bar joints in highway, railways and bridge construction leads to the expansion of the market. The government support to fund these infrastructure projects results in growing opportunities for businesses to generate more revenue. Highway construction activities are expected to rise in the near future, resulting in market proliferation.

Under the product segment, the support and structure category generate a significant structural metal products market revenue amounting to more than 35%. There is an expected increase in the demand for these products, majorly for the construction of staircases, sheds, decks, and skyscrapers. Fabricated metal structural beams are more preferred in construction due to their long life, good grip and fire resistance properties. Numerous fabricated metallic supports and structures companies are established in Germany, attributed to the rise in construction for residential and construction buildings. 

The residential sector holds the largest structural metal products market share. It is expected to retain the same position in the coming future. The rising infrastructure development activities in Africa are attributed to the increased requirement for residential buildings resulting in market expansion. Moreover, the market is expected to witness a surge in non-residential sectors. For instance, the Belt and Road Initiative will increase China’s import and export of steel for infrastructure development activities within the region. The construction of roads, railways and ports will result in a market boom. 

North America dominates the structural metal products market, attributed to multi-story residential construction. The demand for structural steel is rising in the region, attributed to the construction of open-air stadiums, power plants, petroleum refineries and power plants. The non-structural applications of structural steel include the construction of transportation facilities, marine structures, rack systems and mobile homes. The APAC structural metal products market is expected to grow at a rapid rate in the near future. 

Therefore, the surge in infrastructure development activities attributed to the construction industry's expansion led to market penetration.

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How Does Automotive Industry Boosts Polyurea Coatings Market?

In 2021, the polyurea coatings market valued at $995.2 million, and it is projected to reach $2,553.5 million by 2030, growing at a CAGR of 11.0% from 2021 to 2030. It is attributed to the growing awareness of environmental problems. Polyurea technology holds a significant share of the coatings industry, attributed to the high research and development investments. Under the end-user segment, the construction and transportation industries dominate the market. The surge in polyurea coatings demand in the defense sector propels the market. 

The aromatic isocyanates are the higher polyurea coatings market revenue generator under the raw material segment, amounting to 69.7% of the revenue. Aromatic isocyanates are comprised of amine hydroxyl groups that react to generate polyurea coatings. The aromatic isocyanates are used as basecoat. Aromatic isocyanates are highly utilized in the automotive industry, leading to market proliferation. The weather conditions of North America and Europe led to an increased usage of aromatic polyurea coatings. 

The automotive and transportation industry holds the largest polyurea coatings market share, ofthe  25.7%. The application of the polyurea coatings on the automobiles’ exteriors, such as trucks and two-wheelers, is driving the market, attributed to high resistivity from external physical and thermal pressure. Polyurea coatings are popular in Germany, Japan and China. The German automobile industry, which has household names such as Volkswagen, Mercedes, Opel, and BMW, contributes almost 20% of the industrial output of the country in terms of the value. 

The truck manufacturers highly utilize spray-on protective coatings due to the enhanced look and long-term protection, resulting in proliferation of polyurea coatings market. It is gaining popularity due to its properties, such as resistivity to corrosion, abrasion, and UV rays. The appealing look of the substrates and equipment safety offered by the polyurea coatings drive the market. Polyurea coatings are utilized on vehicle chassis as an alternative primer and as a topcoat on the vehicle’s body. The polyurea coatings market is expected to grow, attributed to the rising traction of heavy-duty vehicles on the road. 

Therefore, the expansion of the construction industry led by increase in infrastructure development activities is driving the market.

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Why Will APAC Dominate the Crop Protection Chemicals Market?

The major drivers in the global crop protection chemicals market are burgeoning population levels, the dire need to improve the scalability of crop production, scarce resources such as agricultural labor and land, and surging concerns over food security. In 2021, the market was valued at $78,407.3 million, and it is predicted to touch $117,436.6 million by 2030. Furthermore, the market will advance at a 4.6% CAGR from 2021 to 2030. In addition, there is a huge pressure exerted on the agricultural land and the farmers to improve the efficiency of agricultural lands. 

A skyrocketing investment in R&D will spur crop protection chemicals market growth. Enhanced integration of technologically advanced devices into the current farming activities will pave the way for generating higher revenue in the market by providing lucrative opportunities to the market players to gain a competitive edge. The farmers are in constant fear of crop failure because of the threat of pest attacks. Moreover, to minimize the risks associated with crop damage and to maximize crop production, pesticides are being extensively used in farming techniques.

Within the application segment, the cereals category will generate the highest crop protection chemicals market revenue, growing at a 5% CAGR from 2021 to 2030. The requirement to meet the skyrocketing need for food inventories by the population will enhance the efficiency of production, thereby helping the corporations to attain economies of scale. The surging awareness of leading a healthy lifestyle among the people is exerting a noticeable push on cereal production to cater to the dietary requirements of people. Therefore, this will propel growth in the market.

APAC led the global crop protection chemicals market in 2021, accounting for about 40% of the total market value. This can be credited to surging awareness of the use of pesticides, extensive farmland, and an inherent strong agricultural base. Moreover, the increasing adoption of technologically advanced products will propel growth in the market. In addition, it is also expected to exhibit the fastest CAGR because of the greater requirement for agrochemicals in emerging economies, such as China and India.

Hence, the skyrocketing population levels will drive the market by offering extravagant opportunities to the market players.

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Why Will APAC Rule the Pressure Washer Market?

The major drivers in the global pressure washer market are the increasing count of carwash stations, coupled with a snowballing demand for pressure washers in commercial as well as residential areas. In 2021, the market stood at $2,629.1 million, and it is predicted to touch $3,868.9 million by 2030. In addition, the market will grow at a 4.4% CAGR from 2021 to 2030. A swift urbanization rate will increase the requirement for residential projects, in turn, surging the requirement for home cleaning systems, such as pressure washers. This will augment growth in the market.

The outbreak of COVID-19 had disrupted several sectors but the pressure washer market is among the exceptions. The spread of the virus had exerted a push on the importance of sanitization and cleaning among several corporations. There would be dramatic changes within the cleaning industry amid the pandemic. There is a skyrocketing requirement for pressure washers in the cleaning applications in an attempt to meet the standards of sustainability and hygiene. Thus, the commercial cleaning industry had very well bridged the spaces between the forces of demand and supply by enhancing their efficiency.

APAC will witness the fastest pressure washer market growth, of approximately 5%, on account of extensive government support. For example, an investment of $1.4 trillion was made by the government of China with the aim of inter-city transportation systems, 5G networks, and digital infrastructure development. Moreover, an increasing disposable income will exert a push on the requirement for swimming pools, gardening, floor cleaning, and vehicle washing maintenance services. Approximately, 80 million sales were accounted for in the automobile sector in 2021 according to the OCIA, thereby, creating the carwash services demand.

The hot water category will witness a 4% CAGR in the pressure washer market from 2021 to 2030. It offers an efficient cleaning process and minimizes the cleaning time by 35%. There is a robust demand for deep cleaning applications, including grease and clean oil. Daimer's Super Max hot-water pressure washers, in particular, have temperatures of up to 572 °C (300 °F), pressures of up to 3,500 psi, and flow rates of up to 10 gallons per minute.

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Why Will APAC Dominate Epoxy Adhesive Market?

By 2030, the worldwide epoxy adhesive market is predicted to touch $13,483.9 million from $8,217.9 million in 2021. The market will advance at a 5.7% CAGR from 2021 to 2030 owing to the rising need for adhesives from the marine, cement, plastic, construction, and automotive sectors. To meet the environmental standards, corporations are developing green sealants and adhesives over chemical adhesives. They are engaging in advancing the technologies for the production of these green products. For instance, the RENUVA technology for sealants and adhesives has been developed by The Dow Chemical Company to enhance water resistance.

Based on end user, the building and construction sector ruled the epoxy adhesive market with revenue of approximately $2.3 billion in 2021. This can be attributed to the adaptability of the adhesives in the construction and building sector. Their dominance can be justified by their varied application in surface repair, gap filling, and lamination. Their application can be extended to stainless steel, bricks, ceramics & porcelain, cellular PVC, and fiberglass. Hence, with the growth in the construction of residential, industrial, and commercial spaces, the consumption of these bonding agents is booming.

Based on type, the epoxy adhesive market can be bifurcated into one component and two-component. The one-component category holds the larger share because of the enhanced features of these variants, including solvent-free mixture and fast curing. Since no mixing is required in this variant, it is more appropriate for assembly lines as it uncomplicates the manufacturing process and makes it effortless. However, there will be an increasing requirement for two component-based epoxy adhesives in the forecast period, especially in construction activities.

APAC dominates the epoxy adhesive market, attributed to its massive electrical, electronics, & semiconductor; automotive, and construction industries. China is the highest revenue generator in this region because it is among the biggest exporters of sealants and adhesives, home to all important market players’ manufacturing units because of economical labor, and the largest country in terms of purchasing power parity. In addition, India will also witness growth due to the rising count of consumers, cheap labor, and expanding automotive industry.

Hence, epoxy adhesive demand is burgeoning across the globe due to the growth of the automotive and construction industries.

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How Is Refractories Market Expanding due to Infrastructure Development?

The estimated revenue of the global refractories market was $27.8 billion in 2021. The expected CAGR for the industry from 2021 to 2030 is 4.7%, with which the market size will reach $42.2 billion in 2030. Refractories are natural and synthetic materials, including non-metallic materials or combinations of compounds and minerals, such as bauxite, chromite, fireclays, zirconia, and silicon carbide. They are used to line the surfaces of furnaces, which are widely used in the metallurgy sector for casting, sintering, and smelting.

The primary driver for the global refractories market is infrastructure development, increasing usage of non-ferrous materials, and growing glass industry. Refractories are primarily used for furnace linings and other applications due to their thermomechanical properties and resistance to high temperatures. They can tolerate temperatures ranging from 500 °F to 3,326 °F, which is higher than most other elements’ melting points. The melting temperature of pure refractory materials usually ranges from 3,300 °F to 6,000 °F.

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The largest refractories market share was held by bricks and shapes, of 60%, under the form segment, owing to the high demand for this form in the metal and non-metal industries. The insulation layer within the ovens and kilns is built of refractory bricks. It has to be replaced regularly depending on the insulation requirements of customers, which is why bricks hold the most-significant proportion of the market. Refractory bricks are made of ceramic material and possess various properties, such as strong insulation and heat resistance.

The largest refractories market is APAC, accounting for $17 billion in 2021. The World Steel Association reports that APAC accounts for 70% of the worldwide steel output, with China alone responsible for around 50% of the production. It produced over 1,000 million tons of crude steel and more than 1,300 million tons of steel products in 2020. Moreover, the steel industry in India is driven by the domestic availability of raw materials (iron ore) and cost-effective labor. One of the most-significant factors behind the dominance of APAC on the global market is the growing non-ferrous metal industries.

Therefore, the need for heat resistance is the major driving factor for the surge in the demand for refractory materials across industries.

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Where Will Growing Mining Sector Take U.S. Engine-Driven Welder Market?

The growing requirement for engine-driven welders to suffice the dual purpose of producing power and welding in the mining industry and rising construction activities are driving the U.S. engine-driven welder market. Hence, equipment sales generated $122.3 million in 2021, and this number will likely grow to $185.8 million in 2030, with a 4.8% CAGR from 2021 to 2030. There has been a significant rise in the usage of improved engine-driven welders owing to manufacturing companies' development of small, light, and efficient products.

Due to the pacing up of mining activities across the country, the demand for such systems is likely to expand rapidly. The value of the raw mineral produced by the country in 2020 stood at $90,000 million, growing by another $10,000 million, or 10%, in one year. Moreover, a surge in the need to repair mining equipment propels the U.S. engine-driven welder market advance. Mining companies prefer such welders owing to their dual operational capability for prime and backup power supply, in addition to their primary purpose of welding.

The construction sector also utilizes engine-driven welders for various purposes, concerning their dual usage. Therefore, as construction activities are likely to increase in remote areas without any surety of power availability, the U.S. engine-driven welder market will only grow. Due to their application for supplying power when there is no ensured availability of electricity and serving as a welding machine simultaneously, they have become widely common in construction sites.

The sales of engine-driven welders with a power output of 300 to 399 Amperes continues to rise in the country. The primary factor behind such  U.S. engine-driven welder market growth in this category is their rising usage in the construction, pipeline, structural steelwork, and maintenance and fabrication applications. Farmers also widely use 300–399A engine-driven welders for equipment repair and fabrication applications. This is why this power rating category will likely witness the fastest growth, at a 5% CAGR, in the coming years.

Thus, the construction sector has benefitted the market due to the numerous infrastructure projects backed by the government of the country.

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How Does Automotive Industry Drive LTCC and HTCC Market Growth?

In 2021, the LTCC and HTCC market size stood at $2,919.0 million, and it is projected to grow at a CAGR of 3.9% from 2021 to 2030, to reach $4,125.6 million by 2030. This is ascribed to the increased industrial usage of ceramic substrates in sectors, including telecommunications, automotive, and consumer electronics. Moreover, the surging demand for low-cost small-circuit boards leads to the increased consumption of ceramic substrates. 

The most significant contributor to the revenue share of the LTCC and HTCC market was LTCC, amounting to 70%, in 2021. The category is expected to follow the same trend in the future as well. LTCC is defined as a ceramic substrate that facilitates high-frequency circuits. It has superior electrical and mechanical properties, such as limitless stacking, form-and-fit versatility, and high performance under extreme conditions, making it a better choice than HTCC. LTCC products are also utilized in wireless technologies and RF modules, facilitating regular communication.

The key LTCC and HTCC market players are contributing to the increased R&D activities in this field. They are investing a high amount in R&D for effective production processes of LTCC and HTCC products. For example, the electronic devices segment of Kyocera Corporation invested $174.8 million in 2021 in R&D activities, which was 17% higher than last year. The investment's primary goal was to enhance the electrical and electronic devices portfolio. 

The automotive sector acquired a significant share of the LTCC and HTCC market, amounting to 40% revenue generation, in 2021. The industry will also dominate the market in the coming years. This is ascribed to the surging demand for various automotive electronics, including telematics, and the increasing vehicle safety awareness. Moreover, countries such as Russia, India, Argentina, Thailand, and Brazil have a high demand for ceramics, due to the mass adoption of vehicle sensors and devices.

APAC held the largest share in the LTCC and HTCC market in 2021, attributing to the growing automotive and industrial electronics sectors in Japan, South Korea, India, and China. The demand for co-fired ceramics has increased over time, due to the rapid production of electronic products, which are extensively used in the telecommunications and automotive industries. 

Thus, the increased adoption of wireless technology has led to a boom in the market, with increased efficiency of 5G and 6G networks.

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