Automotive and Infrastructure Sectors to Facilitate Growth in Asia-Pacific (APAC) Paints and Coatings Domain

Increasing construction activities, expanding automotive domain, and rapid industrialization are the key factors influencing the APAC paints and coatings market growth. Paints and coatings are mastic or liquid compositions that provide resistance to the substrate from abrasion and corrosion by forming a layer that converts into a solid film. Increasing investments in construction projects, ranging from retail centers and offices to hospitals and hotels, are leading to the growth of the paints and coatings domain in APAC. Similarly, paints and coatings have found their use in the automotive sector for both protection and aesthetic purposes. 

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Advantages such as reduced application time, increased resistance against moisture, and smoother texture and finish make water-based coatings a preferred choice among end-users. On top of this, these last longer in poorly ventilated spaces and confined environments. Hence, owing to the beneficial properties of such materials, the APAC paints and coating niche would experience prosperity during the forecast period.

In terms of application, the APAC paints and coatings market is categorized into architectural and decorative, industrial, and marine. During the forecast period, the volume sales of paintings and coatings are expected to witness the highest growth for industrial application, with a CAGR of 7.5%. Increasing demand for paints and coatings solutions from industries such as consumer goods, automotive, and machinery manufacturing is driving the market growth.

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Countries such as China, India, Indonesia, and Malaysia have witnessed rapid economic transformation in the past few decades. Majority of these nations have a large and rapidly growing middle-class population. These factors make these developing countries a suitable paint and coatings market. As these countries are home to fast-growing construction and automotive industry, an increase in the consumption of paint and coatings is expected from these. Hence, developing countries with a high economic growth rate will continue to bolster the market of paints and coatings in APAC in the coming years.

Some of the major players operating in the APAC paints and coatings market are Akzo Nobel N. V., PPG Industries Inc., The Sherwin-Williams Company, Berger Paints India Limited, Shalimar Paints Limited, Kansai Paint Co. Ltd., Chugoku Marine Paints Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., Dulux Group Limited, and Asian Paints Limited.

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What are the Various Uses of Wound Care Products?

In 2014, approximately 15,775 fire-related injuries were reported in the U.S., as per the National Fire Protection Association (NFPA). Furthermore, the World Health Organization (WHO), in its 2014 publication, stated that around 1 million people in India suffer from moderate to severe burns yearly. This high and rising number of burn cases is driving the demand for various products to treat the resulting wounds. Burns caused by chemicals, radiation, heat, electricity, and friction lead to severe loss of tissue, blood vessels, and skin. Treating these wounds properly is mandatory, and this is done by the use of wound care products.

Wound care products comprise advanced wound care products (AWP), wound closure products (WCP), and traditional wound care products (TWP). These products accelerate the wound healing process by providing thermal insulation, absorbing exudates, allowing gaseous exchange, and preventing the entry of infectious agents. They are used to treat chronic wounds, ulcers, and surgical wounds. In 2015, the global wound care market attained a size of $24,482.9 million, and it is predicted to witness a CAGR of 6.7% in the near future. Among different products, AWPs  are used the most and will continue to be popular in the coming years. AWPs are further divided into advanced wound dressings (AWD), wound therapy devices (WTD), and active wound care products (AWC). The requirement for these products is growing rapidly because they help speed up the wound healing process by regulating the temperature, oxygen flow, and moisture around the injured skin and tissue.

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A large number of surgical wounds are treated using different wound care products, and since the volume of surgeries worldwide is increasing rapidly, the requirement for products to treat the wounds is also surging. Some of the reasons for this rise in the volume of surgeries are the growing prevalence of chronic diseases (such as cancer, heart diseases, respiratory diseases, and stroke) and growing inclination of people on aesthetics. According to the Centers for Disease Control and Prevention (CDC), in 2012, about 117 million people in the U.S. were suffering from at least one chronic health condition. In addition to this, the American Society of Plastic Surgeons stated that in 2012, around 14.6 million cosmetic surgeries were carried out in the U.S. These procedures are performed by making incisions on the body, thereby leading to wound formation. Wound care products then are used for cleaning and treating the areas of the body affected during surgical procedures.

Since there has been a mention of chronic diseases, it is important to point out that the geriatric population is more susceptible to them. Due to old age, their body functions are weakened, which results in a longer period for a wound to heal in comparison to younger adults. The growing aged population thus is leading to an increasing demand for wound care products. The United Nations Department of Economic and Social Affairs (UNDESA)’s report on the global aging population stated that the worldwide share of people aged 60 years or above was 11.7% in 2013, and it is predicted to reach 21.1% by the end of 2050. So, as their numbers, so will the total cases of wounds, and in turn, the demand for products to treat them.

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Glycogen Synthase Kinase 3 Beta (GSK-3β) Inhibitors Therapeutics - Pipeline Analysis 2019

Glycogen synthase kinase 3 beta (GSK-3β) is an attractive target for the treatment of psychiatric disorders and neurodegenerative diseases. Many GSK-3β inhibitors have been developed for the treatment of different central nervous system disorders. But, for an effective therapy, high IC50 values should be avoided and ATP-competition should be reduced during enzyme-compound binding. Studies suggested that ATP non-competitive GSK-3 inhibitors such covalent inhibitors and allosteric modulators are emerging as a promising approach with better efficacy and safety.

Despite of many GSK-3β inhibitors in clinical studies, many challenges still remains. In a clinical study, certain adverse events caused by off-target activity of GSK-3β inhibitors were determined after the screening of compounds that bind to the ATP-competitive binding site conserved across a broad range of kinases. Thus, there is an urgent need of development of GSK-3β inhibitors that can selectively target individual pathways and differentiate between the non-phosphorylated and phosphorylated GSK-3β.

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The report provides a comprehensive understanding of the pipeline activities covering all drug candidates under various stages of development, with detailed analysis of pipeline and clinical trials. Pipeline analysis of drugs by phases includes product description and development activities including information about clinical results, designations, collaborations, licencing, grants, technology and others.

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Construction Sector Offering HVAC Market Immense Growth Opportunities

Increasing focus toward the adoption of environment-friendly refrigerants, and overall growth in the construction sector are driving the progress of the heating, ventilation, and air conditioning market across the globe. The market generated a revenue of $108.1 billion in 2018, and it is expected to advance at a CAGR of 3.9% during the forecast period (2019–2024).

Heating, ventilation and air conditioning (HVAC) are standalone or all-in-one equipment used for heating and cooling residential, commercial, and industrial buildings.

On the basis of HVAC type, the market is categorized into heating, ventilation, and cooling systems. Among these, the cooling systems category dominated the HVAC market in 2018, both in terms of the revenue generated and total units sold. During the historical period (2014–2018), the reasons for the dominance of cooling systems were rising temperature and increasing disposable income.

Now, the heating category of the HVAC market is further divided into heat pumps, furnaces, boilers, and unitary heaters, among which the boilers division held the largest revenue share in 2018.  The increasing demand for boilers for keeping the area warm in the extreme cold climate of Northern Europe was considered the primary reason behind this.  

However, in the coming years, the heat pumps category is predicted to witness massive growth in terms of value, due to the heavy sales in European countries, such as Germany, Serbia, Austria, and Russia. Therefore, it is clear that the growing construction sector is expected to push the demand for HVACs, resulting in significant market growth in the near future.

HVAC Market Segmentation

Market Segmentation by HVAC Type

• Heating
  • Heat Pumps
  • Boilers
  • Furnaces
  • Unitary Heaters
• Ventilation
  • Ventilation Fans
  • Air Handling Units and Fan Coil Units
  • Humidifiers/Dehumidifiers
  • Air Cleaners
• Cooling
  • Ducted Split/Packaged Unit
  • Split Units
  • Room ACs
  • Chillers
  • Variable Refrigerant Flow

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Automotive Cybersecurity - Role of Cyber Security in Automotive Industry

The global automotive cybersecurity market is projected to witness significant growth during the forecast period, owing to the growing demand for connected vehicles and the need for end-to-end cybersecurity in these vehicles. The market growth is also expected to be boosted by the increasing awareness about vehicle safety and safe driving and the growing emphasis on the inclusion of security solutions in the new vehicles sold.

On the basis of vehicle, the automotive cybersecurity market has been classified into electric and conventional vehicles. Of the two, faster growth in the market during the forecast period is expected from electric vehicles. With governments across the world focusing on vehicle electrification and supporting the same through favorable schemes and financial incentives, the market for electric vehicles is expected to grow considerably in the coming years.

Based on network topology, the automotive cybersecurity market has been categorized into in-vehicle and cloud services.

Based on application, the automotive cybersecurity market has been divided into telematics, vehicle powertrain, infotainment, safety, and body control and comfort system.

Market Dynamics
Trends:
The major trends witnessed in the automotive cybersecurity market are technological advancements in the areas of internet of things (IoT) and vehicle connectivity; collaborations between automakers and security solution providers; and increasing investments by start-ups toward product development. Besides, the growing number of acquisitions of security solution start-ups by tier-1 suppliers is an important trend observed in the market. For instance, in August 2018, NNG LLC, a vendor of automotive navigation and infotainment solutions, acquired majority of shares in the automotive cybersecurity company ARILOU Information Security Technologies.

Driver:
With the rising demand for connected vehicles, the threat of potential cyberattacks has increased in the automotive industry. This has led to a substantial increase in demand for cybersecurity solutions in connected vehicles. Having anticipated the potential cybersecurity attacks, the automakers have started working closely with technology providers to develop and implement tactical security measures in automobiles. They are collaborating with established players and new entrants (mostly start-ups) in the cybersecurity industry to work toward mitigating potential cybersecurity risks and bringing innovation in their product offerings. Also, the penetration of security and safety solutions in new vehicles is on the rise. Thus, increase in demand for cybersecurity solutions, coupled with end-user preference for vehicle connectivity features, is expected to drive the growth of automotive cybersecurity market in the near future.

Market Competitive Landscape
The global automotive cybersecurity market is still in its nascent stage and is witnessing the entry of new players (start-ups) in addition to mergers and acquisitions and cross-industry partnerships as part of the business growth plans of the players operating within. Some of the key players in the industry are TowerSec Inc. (a Harman International Industries Inc. company), Karamba Security Ltd., Trillium Secure Inc., Upstream Security Ltd., SafeRide Technologies Ltd., Argus Cyber Security Ltd. (a Continental AG company), Robert Bosch GmbH, Vector Informatik GmbH, Denso Corporation, Aptiv PLC, NRI SecureTechnoloiges Ltd., NXP Semiconductors, and ARILOU Information Security Technologies (a part of NNG LLC).

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What are the key strategies adopted by the major players to expand Hexamine Market share ?

The increasing requirement for hexamine in various sectors, such as rubber, fuel, pharmaceutical, and explosives, is positively impacting the hexamine niche. Hexamine is a white, crystalline compound that is formed by the chemical combination of formaldehyde with amine. The increasing population is resulting in the rising poverty rate due to the mismanagement of resources. This is causing an increase in urinary tract infections and neurological disorders. Hexamine is prescribed as an antibiotic to treat bacteriuria in such patients. 

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The compound is also used in the production of vulcanized rubber tires. The automobile sector is expanding on account of the increasing vehicle sales due to the growing disposable income. Another factor aiding in the hexamine niche progress is the use of the compound by the plastics sector for manufacturing plastic sewage pipes used in construction projects. Hence, the hexamine niche is projected to advance during the forecast period due to the growth in the end-use sectors.

The unstabilized grade is the dominant type in the hexamine market, with an estimated contribution of more than 85.0% revenue in 2017. This can be attributed to the wide use of the chemical in the preservation of hides, as cross-linking agent for hardening phenol-formaldehyde resins and vulcanizing rubber, as corrosion inhibitor for steel, as dye fixative, and as urinary antiseptic, besides others.

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Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.

This chemical is used in the synthesis of plastics, and construction and packaging industries are the major end users of plastics. With the rise in population, there has been an increase in the construction projects, especially the sewage projects, attributing to the increased use of plastic pipes. Also, there has been rapid increase in the use of plastics from the packaging industry, owing to the expanding food, beverages, and pharmaceuticals industries. The increasing use of plastics from the construction and the packaging industries is expected to stimulate the hexamine market growth in the coming years.

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Silane Sector to Grow Due to Expanding End-Use Base

The expanding automotive and construction domains are contributing to the growth of the silane sector. Advantages of silane include UV resistance, chemical and water resistance, and superior adhesion. The limitations of conventional paints and coatings are overcome using silane, as it acts as a pigment-treating, crosslinking agent, and adhesion promoter. This is why the automotive and construction domains are preferring silane-treated paints and coatings over traditional ones.

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Water-based coatings are increasingly being bought by end users as these last longer in poorly ventilated areas and confined spaces and also because of their environmental-friendly nature, which is why these are preferred in the printing domain. Apart from paints and coatings, silane is also used extensively in the production of rubber that is used in manufacturing tires. Silane-fortified rubber offers reduced fuel consumption, and superior traction and longevity. Therefore, the silane sector is expected to grow owing to the increasing use of silane-based products in various end-use domains.

Paints and coatings dominated the silane market in 2017, with more than 30.0% volume share. Silane is widely used as a raw material in the production of anti-corrosion coatings. These coatings are used in buildings, automobiles, industrial machinery, and electronics. Hence, the growing usage of paints and coatings in these industries is expected to boost the silane market growth in the coming years.

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Globally, APAC held the largest share in the silane market during the historical period, contributing more than 50.0% share in terms of volume in 2017. The market in the region is expected to grow at a significant rate in the coming years, on account of the presence of fast-growing economies such as China, India, and Japan, which are generating high demand for the chemical for the manufacturing of paints and coatings, and rubber and plastics. The silane market in the region is also expected to grow on account of the increased demand for the chemical in the automotive and construction industries.

Countries such as China, India, and Indonesia have witnessed rapid economic transformation in the past few decades. The rising standard of living in these developing countries is well complemented by the growth of construction and automotive industries. Since these industries are major end users of paints and coatings, they contribute to the demand for silane, as it is a key raw material used in the production of paints and coatings. Hence, developing countries are offering ample growth opportunities to the players in the silane market.

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