Can Coatings Improve Safety of Packaged Food and Beverages

The growth of the can coatings market is driven by the expanding food and beverage industry and increasing recyclability of cans. Because of these factors, the market is expected to register a CAGR of 3.5% during the forecast period. At this rate, the market is projected to increase its revenue from $2,100.6 million in 2017 to $2,588.9 million by 2023. Additionally, the surging demand for can coatings from developing countries holds great growth opportunity for market players.

The market players, such as Akzo Nobel N.V., Kansai Paint Co. Ltd., TIGER Coatings GmbH & Co. KG, Eastman Chemical Company, National Paints Factories Co. Ltd., The Sherwin-Williams Company, VPL Coatings GmbH & Co KG, PPG Industries Inc., and Toyo Ink SC Holdings Co. Ltd., offer can coatings in the unexplored economies of the Latin America (LATAM), Middle East and Africa (MEA), and Asia-Pacific regions. The coated cans are used in several industries for packaging, transportation, and selling of different products, as they protect the products from outer environmental factors.

During the forecast period, the Asia-Pacific region is expected to demonstrate the fastest growth in can coating consumption, due to the increasing government expenditure on industrial developments, food safety, hygiene, and health in India, South Korea, and China. These coatings are applied in metallic packaging to offer characteristic design, aesthetic appeal, quality, reliability, sustainability, and protection to several products in industries like healthcare, personal care, and food and beverage. Therefore, the development of these industries is projected to boost the demand for can coatings in the region. 

Thus, the expansion of the food and beverage industry and growing awareness regarding health have led to the high consumption of can coatings.

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Tobacco Industry Boosting Indonesian Coding and Marking Systems Market Growth

The growing food and beverage, automotive, and building and construction industries are expected to drive the Indonesian coding and marking systems market at a CAGR of 10.1% during the forecast period. The market generated $27.4 million in 2017, and it is expected to reach $48.7 million by 2023. Coding and marking systems offer product-related details on the packaging, including the manufacturing and expiry dates, price, and batch number, to end users. This, in turn, facilitates the identification and tracking of products through multiple phases of the manufacturing process.

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Additionally, the increasing application of coding and marking technologies in the country’s tobacco industry is expected to propel the Indonesian coding and marking systems market growth during the forecast period. The increasing focus on cleanliness, to enhance the quality of end products, has amplified the demand for sophisticated and modernized coding solutions in the tobacco industry. These new-age technologies increase readability, enhance productivity, and facilitate high-resolution printing for automatic labeling and direct-to-the-box applications.

Some of the leading players in the Indonesian coding and marking systems market are Danaher Corporation, KGK Marking Technologies Group, Linx Printing Technologies, Matthews International Corporation, Domino Printing Sciences plc, Dover Corporation, Koenig & Bauer Coding GmbH, ANSER Coding Inc., PT Samartha Solusi Indonesia, and Hitachi Ltd. These companies are extensively involved in research and development (R&D) to improve the existing technologies and widen their application in the industrial sector. For example, PT Samartha Solusi Indonesia has introduced the Rottweil E-Jet 455B continuous inkjet printer for industrial coding and marking.

Thus, the increasing emphasis on technological enhancements has widened the application base of coding and marking systems in Indonesia.

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Polyurethane Processing to Employ Large Quantity of Mold Release Agents in India

The expanding construction industry in India is generating huge demand for concrete bricks that employ high volumes of mold release agents. Growth in the construction sector is also supported by government initiatives, such as the ‘Housing for All’ and the ‘Smart City Mission’. Due to this factor, the Indian mold release agents market is set to increase its revenue from $114.6 million in 2018 to $153.9 million by 2024, demonstrating at a CAGR of 5.2% during the forecast period of 2019–2024.

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Mold release agents are largely applied in the processing of polyurethane due to the surging demand for polyurethane-based products from several industries, such as construction, automobile, and footwear. The manufacture of polyurethane-based products requires mold release agents because of their ability to facilitate smooth release and to prevent the adhesion of the products to their mold. Other areas of application of mold release agents include production of wood and fiber composites, uncured rubber, concrete, tire, plastic, ferrous and non-ferrous die casting, and rubber and other elastomers.

To cater to the demand for mold release agents, the Indian market has the presence of both international and domestic players. Chem-Trend L.P. is the leading company in India, as it caters to a wide range of industries, such as mining, aerospace, construction, and automotive and transportation. It manufactures several types of mold release agents that are used to release rubber, composites, tires, wood composites, polyurethane, thermoplastics, and die casts from various molds. Other producers in India include 3M India Ltd., Fosroc International Ltd., BuildCore Chemicals, Dow Inc., Wacker Chemie AG, TAG Chemicals GmbH, and Chem-Verse Consultants (India) Private Ltd.

Thus, the widening application of mold release agents in India will generate high-volume demand for mold release agents in coming years.

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How is Surging Population Driving Demand for Seed Treatment?

It is a known fact that the population across the globe is increasing at a rapid pace, owing to which, the need for resources, including food products, is rising as well. In addition to this, the world is swiftly shifting towards urbanization, which means that the arable lands all over are decreasing. While the agricultural sector will never be moot, it has become necessary to increase the productivity in the sector for catering to the need of the growing population. Furthermore, since a lesser amount of land is now available for farming, the need for using new technologies for ensuring higher efficiency in the available space is growing as well. 

Because of all these factors, the adoption of seed treatments, which are the physical, chemical, and biological agents and techniques used for seed to offer protection and to enhance the establishment of healthy crops, is growing across farmlands. Since protection of plants from diseases and pests is one of the key factors for making sure that production is optimized, farmers are now using advanced ways, such as seed treatment, to increase productivity. Owing to these factors, the global seed treatment market is predicted to grow at a considerable pace in the years to come. 

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Diseases of seed have a negative impact on germination and can result in reduction in the yield, thereby leading to huge losses to farmers. Due to this, farmers are widely making use of seed treatment for protecting their crops. The different application methods of seed treatment are pelleting, coating, and dressing, out of which, the use of dressing application method is projected to be considerably high in the years to come. This is due to the substantially low cost of this application method. Seeds are treated with wet-treated with slurry or liquid formulation or dressed with dry formulation under this process, in an earthen pot. 

After this, the seeds are spread on a polyethylene sheet to sprinkle chemicals. Considering the geographical scenario, the Asia-Pacific region is expected to emerge as a major seed treatment market in the near future, which is primarily attributed to various agriculture-based economies in the region. These countries include China, India, and other Southeast Asian countries, Moreover, the need for increasing productivity on agricultural fields in the region is high due to the surging population. 

Hence, the need for increasing productivity and efficiency on agricultural fields is resulting in the growth of the market.

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How Do Artificial Lift Systems Increase Oil Production?

 A large volume of oil is obtained from fields that are over 30 years old. As the oil fields mature, the reservoir pressure inside declines. Because of this, exploration & production (E&P) companies are installing artificial lifts in these fields to enhance the recovery of oil and gas and optimize their revenue. That is why mature oil and gas fields are deploying the largest number of artificial lift systems. Additionally, the increasing usage of these systems for producing oil and gas from unconventional sources will increase the size of the artificial lift market from $8,010.8 million in 2017 to $10,883.1 million by 2023, displaying a CAGR of 5.3% during 2018–2023.

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Artificial lift systems are deployed in onshore as well as offshore oil wells. These systems are majorly installed in onshore oil wells due to the presence of a large number of mature wells on land. These lift systems operate via gas-assisted and pump-assisted mechanisms. In the coming years, more oil fields will deploy pump-assisted artificial lift systems in comparison to gas-assisted systems because of the formers’ ability to increase the bottom-hole pressure of the tubing string. On account of this reason, pump-assisted systems can lift higher volumes of fluids to the surface.

To meet the growing demand for such systems, players in the artificial lift market are focusing on expanding their geographical presence and launching new products. For example, Weatherford International PLC introduced new software in February 2018 for the ForeSite platform. This platform maximizes the support for reciprocating rod-lift systems, by adding support for ESP and gas-lift systems. Some of the other industry players taking such initiatives are National Oilwell Varco Inc., Baker Hughes Co., Borets International Limited, Flotek Industries Inc., Halliburton Company, Dover Corporation, and Schlumberger N.V.

The increasing demand for fuels has boosted the E&P activities in mature oil and gas fields, which, in turn, has increased the adoption of artificial lift systems.

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Minimally Invasive Surgical Instruments Market Set for Prosperity in Future

The preference for minimally invasive surgeries (MIS) is increasing, owing to the fact that these surgeries are more accurate and are video assisted. These surgeries involve less scarring and smaller incisions, thereby retaining the original structure of organs without deforming their cellular layers. In addition to this, carbon dioxide is utilized in minimally invasive surgeries for enlarging the abdominal cavity, which aids in reducing blood loss during recovery. 

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As per a report by P&S Intelligence, in 2016, the global minimally invasive surgical instruments market reached a value of $28.7 billion and is predicted to advance at a 9.3% CAGR during the forecast period (2017–2023). The different products used for minimally invasive surgeries are guiding devices, electrosurgical instruments, handheld instruments, and inflation systems. The largest demand was created for handheld instruments in 2016, which are further predicted to be the most in demand during the forecast period as well, majorly due to the rising adoption of these instruments for different minimally invasive surgeries. Types of handheld devices are visualizing scopes, retractors, forceps & spatulas, sutures, cutter instruments, auxiliary instruments, dilators, and graspers.   

A key driving factor of the minimally invasive surgical instruments market is the increasing incidence of chronic diseases, such as arthritis, cardiovascular diseases, obesity, and cancer. As per the American Heart Association, 2016 estimates, about 17.3 million deaths occur every year because of cardiovascular diseases and the number is further projected to rise over 23.6 million by 2030. The treatment of cardiovascular diseases and other chronic diseases often need surgical intervention, which is resulting in rising requirement for MIS instruments. 

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Among all the regions, North America created the largest demand or minimally invasive instruments in 2016, and the region is further projected to use these instruments the most during the forecast period as well. This is ascribed to the presence of developed healthcare systems, increasing adoption of technologically advanced devices, and rising prevalence of diseases. The fastest growth in demand for MIS instruments is projected to be registered by the Asia-Pacific region in the coming years, owing to the increasing per capita income, rising healthcare expenditure, enhanced healthcare infrastructure, and surging demand for healthcare services due to large patient base.  

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Arctic Region Holds Potential for Well Cementing Market Growth

The growth of the well cementing market is driven by the increasing exploration and production (E&P) in unconventional and conventional oil and gas reserves to adhere to the surging demand for energy products, such as liquified petroleum gas (LPG), aviation turbine fuel, compressed natural gas (CNG), gasoline, fuel oil, piped natural gas, heating oil, and gas oil. Due to this factor, the market is expected to reach $10,065.4 million by 2024 from $7,577.6 million in 2018, showcasing a CAGR of 4.7% during the forecast period.

Due to the surge in E&P activities in conventional and non-conventional oil and gas reserves, the number of well completions has increased worldwide that has added to the size of the well cementing market. The rise in E&P activities is supported by the recovery of the oil & gas sector. Due to the increasing E&P investments, Russia, the U.S., Brazil, and China account for the high revenue in the market. Thus, the demand for well cementing services is rising from the oil & gas sector, worldwide.

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The well cementing market has a highly consolidated nature, owing to the presence of few key players. These players are mostly multinational corporations (MNCs) that operate at a large scale. The major players in the market include Halliburton Company, Baker Hughes, and Schlumberger Limited. Other companies offering well cementing services are Gulf Energy SAOC, Consolidated Oil Well Services LLC, China Oilfield Services Limited, Nine Energy Service Inc., Halliburton Company, Magnum Cementing Services Ltd., Schlumberger N.V., Calfrac Well Services Ltd., and Weatherford International plc.

Thus, increase in E&P activities and discovery of new oil and gas reserves are expected to drive the growth of the market during the forecast period.

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