Growing Food & Beverage Industry Driving Extrusion Coating Market

In 2017, the extrusion coating market reached a value of $3,703.8 million and is predicted to advance at a 4.2% CAGR during the forecast period (2018–2023). The rapid economic growth and expanding food & beverage industry are the major factors that are positively affecting the market. The process of applying molten plastic to different types of substrates, including aluminum foil, paper & paperboard, and polymer films, is referred to as extrusion coating. It helps in protecting the substrate or object from grease, water vapor, heat, and moisture.

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When material type is taken into consideration, the extrusion coating market is categorized into ethylene-vinyl acetate (EVA), low-density polyethylene (LDPE), and polypropylene (PP), and others (which include ethylene butyl acrylate, high-density polyethylene, and polyethylene terephthalate). Among these, the LDPE category dominated the market during the historical period (2013–2017), holding a value share of more than 70.0% in 2017, and is predicted to retain its position during the forecast period. The reason for this is the rising requirement for LDPE resins for the production of films that are utilized as bags, materials, and sacks. 

In terms of application, the extrusion coating market is divided into flexible packaging, photographic, liquid packaging, and commercial. Out of these, the liquid packaging division accounted for the largest share of the market during the historical period, contributing more than 40.0% volume share in 2017. The reason for this was the rising utilization of extrusion coating materials in liquid packaging for increasing the stability of various types of semi-solid and liquid food items, including juice, sauce, and milk. The fastest growth is projected to be witnessed by the commercial division during the forecast period.

Among all the regions, namely Middle East and Africa (MEA), Europe, Asia-Pacific (APAC), North America, Latin America (LATAM), and Europe, the APAC region accounted for the major share of the extrusion coating market during the historical period, both in terms of value and volume, and is predicted to dominate the market during the forecast period as well. This is attributed to the growing need for extrusion costing materials for packaging application in several industries, including healthcare, food & beverage, and personal care. 

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The expanding food & beverage industry is a major driving factor of the extrusion coating market. The food and beverage industry is registering growth due to the surging population, rising awareness regarding health, increasing government regulations, and rise in disposable income. Furthermore, the emerging trend of the rising consumption of convenience food, including ready-to-cook, ready-to-drink, and ready-to-cook food items, is also driving the growth of the food & beverage industry. As extrusion coating materials play a vital role in packaging applications in the industry, their demand is increasing as well.

A key trend being observed in the extrusion coating market is the rising use of PP in food & beverage packaging. PP is one of the most important and versatile polymers utilized in packaging applications. It is flexible and tough and be used as a fiber or plastic in different plastic end-use markets. According to the researchers, a PP coating which has a thickness of less than 100 micrometers is considered ideal for food packaging. Due to this, the material is utilized for the packaging of ketchup, yogurt, medicines, and beverages.

Hence, the market is registering significant growth due to the expanding food & beverage industry.

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Declining Prices of Displays Driving the Global Growth of Interactive Display Market

In the education sector, the students and teachers are shifting rapidly toward digital learning. This has been made possible due to technological advancements, which have further made the creation of an interactive classroom easier. Because of these aspects, the demand for interactive display, which is an electronic display that allows the user to control the screen data through digital touchscreen interactions utilizing as stylus pen or their fingertips, is rising in the education sector.

The technology allows teachers to create lessons that are integrated with gamified elements, video clips, mixed media, and other elements with ease and minimum preparation and planning.

Governments of different countries are also becoming more inclined toward improving their educational system by implementing new technologies; this is further driving the requirement for interactive display.

As per a study conducted by P&S Intelligence, the global interactive display market generated a revenue of $9.2 billion and is expected to attain a value of $16.4 billion in 2024, registering a 10.4% CAGR during the forecast period (2019–2024).

The two types of technologies on which interactive displays are based are light-emitting diode (LED) and liquid crystal display (LCD). During 2014–2018, the larger demand was created for LCD interactive displays and the situation is projected to remain the same in the coming years as well.

Different product types of interactive display include interactive whiteboard, interactive flat panel, interactive monitor, interactive table, interactive video wall, and interactive kiosk. The largest demand during 2014–2018 was created for interactive kiosk and the situation is predicted to be the same during the forecast period as well. The reason for this is the rising requirement for customer service and self-service terminals and the growth of the retail industry.

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The fastest growth in demand is expected to be created for interactive flat panel during the forecast period due to its rising requirement in the education sector, primarily in countries including Turkey, the U.S., and China.

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Expanding Pharmaceutical Domain Supporting Germany Coding and Marking Systems Market

The expanding pharmaceutical, cosmetics, and food and beverage (F&B) domains are one of the key factors behind the growth of the Germany coding and marking systems sector. The progress of the pharmaceutical domain is supported by the increasing awareness among producers on the benefits of providing drug details on the packaging, introduction of special packaging, and rising penetration of blister packaging. 

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Besides, the growing transnational shipment of medical devices and drugs is accelerating the use of packaging, as it offers safety of the product and reduces lost-in-transit cases. Coding and marking are two of the most significant parts of the pharmaceutical packaging process, therefore the growth of the domain is predicted to drive the coding and marking systems sector. Further, the increasing sales of bottled water, fruit juices, packaged foods, and milk-based beverage are boosting the growth of the F&B domain across the nation, thereby further helping the coding and marking systems sector grow.

The flourishing automotive sector can be a major revenue generator for the German coding and marking systems market, as Germany is a global leader in terms of automotive production and sales, accounting for about 30.0% of all passenger cars manufactured in Europe in 2017. With the presence of major automotive manufacturers in the country, the demand for scannable invisible anti-counterfeit barcodes and printing inks is rising. Due to the superior-quality products of these companies, they are facing counterfeiting, thereby leading to the increased demand for coding and marking systems. 

Valued at $290.6 million in 2017, the German coding and marking systems market is expected to reach $409.4 million by 2023, advancing at a 5.7% CAGR during the forecast period (2018–2023). The factors positively influencing the market growth are the stringent regulatory norms across various industries, particularly pharmaceutical and food & beverage. Coding and marking systems are widely used for providing product-related information, such as manufacturing and expiry dates, price, and batch number, to consumers.

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A shift from conventional printing to digital printing solutions is trending in the German coding and marking systems market. This is attributed to the cost-effectiveness of printers, such as continuous inkjet, which is capable of printing millions of characters using a liter of ink. Compared to conventional printing inks, the ink used in digital printing dries faster, which makes the process time-efficient and cost-effective. Further, a large amount of inventory waste is generated in conventional printing, which is impelling manufacturers to adopt digital printing solutions. 

One of the major driving factors of the German coding and marking systems market is the rising demand for such solutions from the food & beverage industry. The packaged food industry is witnessing growth due to the rising popularity of packaged bottled water, milk, juices, and food items. Regulatory authorities have mandated the mentioning of product details, such as expiry dates, as well as manufacturer information and batch number on the product packaging, thereby leading to the demand for coding and marking systems. 

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Growing Demand for Mobiles Phones Equipped with Dual-Camera Driving Image Sensor Market

In 2017, the global image sensor market reached $15,934.8 million and is predicted to advance at a 6.2% CAGR during the forecast period (2018–2023). This is due to the development of low-power and compact complementary metal-oxide-semiconductor (CMOS) image sensors, rising usage of image sensors in biometric applications, and increasing demand for dual-camera mobile phones.

Image sensor is an electronic component which detects light waves and converts them into digital signals for conveying information. These sensors work on the principle of the conversion of variable attenuation of light waves into digital or analog signals.

Based on processing type, the image sensors market is classified into three-dimensional (3D) and two-dimensional (2D) image sensors. Of the two, in 2017, the 2D image-sensing devices registered a dominating revenue share of 70.0% in the market, and it is also anticipated to maintain its lead during the 2018–2023 period.

This is mainly ascribed to the fact that such devices have a wider availability in the market and offer greater compatibility with different systems. These devices are widely deployed for industrial temperature monitoring and measurement, and heat and body temperature detection purposes.

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Image sensors are being rapidly used in the automotive industry, specifically in advanced driver-assistance system (ADASs). They increase the driver safety by collecting information on nearby vehicles. ADAS includes different types of semiconductor devices, such as radio detection and ranging, and light detection and ranging-integrated sensors and cameras, which give drivers a complete view of their surroundings.

Thus, growing concerns towards vehicle and driver safety and surging demand for improved image quality in mobile phones are accelerating the image sensors market.

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Expanding Cement Manufacturing Domain Augmenting the Liquid and Air Filter Bags Sector Growth

The requirement for air and liquid filter bags from cement manufacturing and mining facilities is thriving. Further, the growing usage of these bags in the chemicals and pharmaceutical niche for processes such as filtration of gelatins, and purification of carbon are predicted to create huge opportunities for the manufacturers operating in the liquid and air filter bags sector during the forecast period.

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The government of various countries have started formulating regulations, such as the NESHAP (National Emission Standards for Hazardous Air Pollutants) in the U.S., for controlling harmful pollutants. Under this, manufacturing plants are required to attach filter bags on the equipment. If, in case the facility fails to follow the policies, it might be closed down. Thus, the rising adoption of the filtration process in the cement manufacturing and mining sector is boosting the liquid and air filter bags market growth.

Further, various nations’ governments have started implementing regulations, such as the National Emission Standards for Hazardous Air Pollutants (NESHAP) in the U.S. for curbing the emission of harmful pollutants. Under this, manufacturing units are directed to attach filter bags on their equipment to control the expulsion of pollutants in the environment. Liquid and air filter bags are widely adopted in other domain too such as water treatment, and steel and power, which is expected to boost the growth of the sector at a significant rate. 

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The demand for air and liquid filter bags from the mining industry and cement manufacturing facilities is growing. With the rise in infrastructure activities across the globe, there has been an increase in the setting up of mining and cement manufacturing industries. These industries use filter bags as a medium for removing the dust particles from the components, which are ultimately expelled into the air via chimneys during manufacturing process.

Besides, the increasing usage of these bags in the pharmaceutical domain during processes such as filtration of gelatins, purification of carbon, and recovery of active ingredients, is expected to create immense opportunities for the players operating in the liquid and air filter bags during the forecast period. Another industry where these bags are used in huge amounts is automotive, with manufacturers attaching these to the engines of cars to protect them from harmful particles.

Hence, the expanding cement manufacturing and mining industries and rising adoption of these bags in pharmaceutical and automotive domains are strengthening the the market.

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Global Advanced Wound Care Market to Ultimately Value $17,076.9 Million

To understand advanced wound care, it is first important to understand what type of wounds it is required for. Wounds, in general, can be classified as acute and chronic, wherein the former type heal within six weeks, whereas the latter type can take as may as 3–6 months. There are several types of chronic wounds, viz. infectious wounds, surgical wounds, and ulcers. If an acute wound caused due to injury or surgery gets infected, it can take longer than usual to heal, thereby transforming into the chronic type. However, ulcers are the most common type of chronic wounds in the U.S., affecting 6 million every year, according to a paper published by doctors associated with the Department of Veterans Affairs in Washington D.C.

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A common cause of ulcers is diabetes; it was reported in 2012 that almost 24.0% diabetes patients suffer from foot ulcers. Other than diabetic ulcers, people also commonly suffer from venous ulcers and arterial ulcers, caused due to the compromised functioning of veins and arteries, respectively, as well as pressure ulcers. Because the treatment of such wounds is often made difficult by neuropathy, inhibited cellular synthesis, and chances of infection, traditional wound care products prove ineffective. Therefore, the surging prevalence of chronic wounds gives an opportunity to the advanced wound care market to prosper.

Traditional Wound Care vs Advanced Wound Care

Traditional wound care products are easily available at clinics, medical stores and pharmacies, and even at supermarkets. Gauze, bandages, wadding, and lint are the most common types of such products. These are perfect for treating minor abrasions and cuts, and when used with an antibacterial ointment, they can be used for slightly more complicated wounds. These promote wound healing by drying out the affected area, which is accomplished by absorbing pus, blood, and other fluids. Traditional products also stop the bleeding, stop particles from irritating the site, and lessen the chances of infection.

Advanced wound care products, on the other hand, work on a completely opposite principle, of keeping the wound moist! This is important to let the wound breathe and promote cell repair as cells need water to survive and multiply. Such products also keep the temperature around the wound constant, allow for natural ventilation by maintaining the flow of oxygen, minimize chances of infection, remove the dead tissue, and lessen the pain felt during dressing change.

Reasons and Regions for Market Growth

As per a study done by P&S Intelligence, from $10,659.6 million in 2015, the advanced wound care market is expected to grow at a 7.0% CAGR during the forecast period (2016–2022). The is growing due to increasing geriatric population, number of chronic wounds, accidents, diabetics, and burn cases, obese people, volume of surgeries, awareness, and technological advancements. As already noted above, the incidence of chronic wounds is constantly on the rise. The National Institute for Health and Care Excellence mentioned in 2016 that the prevalence of venous leg ulcers in the U.K. is around 0.3%. Similarly, as per the 2010 Wounds General data, 7 million incidents of chronic wounds are registered in North America each year, thereby driving the market. This is why, North America is expected to be the most lucrative region in terms of growth opportunities for companies in the market, where the sales of such products are predicted to generate almost one-thirds of the worldwide revenue.

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High Temperature Elastomers Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

Better properties of high-temperature elastomers compared to other types, coupled with their growing use in automotive and other industries, are driving the growth of the high temperature elastomers market. Globally, the domain accounted for a revenue of $9,991.7 million in 2017 and is predicted to grow to $14,951.4 million by 2023, advancing at a CAGR of 7.0% during the analysis period (2018–2023). Elastomers are made up of long chains of atoms, possessing elastic properties. These have important uses in the rubber, automotive, and chemical industries. 

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On the basis of type, the high temperature elastomers market is classified into perfluorocarbon, fluorocarbon, silicone, fluorosilicone, and others. Among these, in 2017, silicone was the largest category with a revenue contribution of more than 65.0% in the market. Due to its possession of elastic properties which are unaffected by extreme conditions, the requirement for silicone elastomers from the automotive and construction industries increased. In the construction industry, these are used as a structural glazing material and sealant, while the automotive industry uses elastomers for vibration dampers and cure -place gaskets. 

On a global ground, Asia-Pacific (APAC) is expected to be the fastest-growing market, registering a revenue CAGR of 7.4% during the analysis period. The growth of the high temperature elastomers market in APAC is backed by the presence of several end-use industries, rise in construction activities, and rapid economic growth. Moreover, China and India are predicted to drive the market, owing to the expanding industrial base in these countries. 

Based on the application, automobile and transportation, industrial machinery, healthcare, consumer products, and others are the categories of the high temperature elastomers market. In 2017, automobile and transportation held the largest sales volume share of more than 40.0% in the market. Automotive, transportation, and aerospace industries are increasingly using these elastomers, as these can survive extreme temperatures and have fine solvent and chemical resistance.

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High-temperature elastomers offer better heat-resistance of up to 200°C, enhanced seal integrity, high temperature stability, improved mechanical properties, extremely high performance, good chemical resistance, and excellent thermal resistance, compared to normal elastomers. These are used in many industries, such as transport, oil and gas, electrical, healthcare, and consumer goods, either independently or as an additive. For instance, in the transport sector, it is mainly used in the manufacturing of tires, specialty rubber, and seat covers. Thus, owing to the increasing demand for elastomers, which can withstand high temperatures, from these industries, the high temperature elastomers market is predicting to grow in the near future. 

Further, due to rapid urbanization and industrialization in developing countries, such as China and India, the high temperature elastomers market is expected to progress. These countries are expected to create various opportunities for the market players due to the growing industrial base. The growing construction activities and expanding automotive industry in these countries are escalating the demand for high-temperature elastomers, thereby resulting in growth opportunities for the market players in the present as well as future times. 

Hence, owing to the various applications of elastomers in different industries, the high temperature elastomers market is projected to flourish in the near future.

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