UV Adhesives Market Surge in Construction Activities to Drive Asia Pacific By 2020

The global UV adhesives market is witnessing a high growth in the recent times on account of the increasing demand for compact electronic devices. The demand for UV adhesives for flexible packaging solutions will also help drive the growth prospects of this market. Key benefits of using UV adhesives include, high bond strength, low volatile organic compound emissions, and fast curing rates. Thus, UV adhesives are excellent for applications needing fast curing, such as permanent bonding.

Since the adherence of UV adhesives to substrates made of wood, plastics, metals, and similar other materials are excellent, they are extensively used for both structural and non-structural applications. Therefore, the global UV adhesives market is projected to witness a healthy growth over the forecast period. On the other hand, the high initial installation cost is acting as a restraint for the growth of this market. The end users are inhibiting form investing in the advanced machinery required for UV curing, owing to the high cost. This is having a negative impact on the growth of the UV adhesives market. On a positive note, the novel applications of UV adhesives will create growth opportunities in the market. The development of alternative solutions such as LED UV lamps for curing and innovation of new products will drive the growth prospects of the UV adhesives market across the globe.

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Assembly Application to Emerge Dominant Leaving Behind Packaging and Laminating Segment

The packaging and laminating applications had been leading in the global UV adhesives market and occupied considerable shares in the past, trailed by the assembly application segment. However, this scenario will flip and the assembly application segment will become the leading segment in the market, witnessing the fastest growth during the forecast period. The rapid growth in construction activities is slated to fuel the demand for UV adhesives across the globe. These adhesives are used and in demand for flooring, wood working and other interior applications.

On the basis of most lucrative region in the world for the UV adhesives market, it is Asia Pacific that will appear in the forefront. Driven by the surge in construction activities, Asia Pacific will witness the fastest growth in the years to come. The North America region led in the market in the recent past and accounted for considerable share. The Rest of the World is anticipated to witness a healthy and steady demand for UV adhesives during the forecast period. The rise in infrastructural activities and growth in the construction and building industries will fuel the demand for UV adhesives from this part of the world. 

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Epoxy UV Adhesives to Lose Shares in Future

UV adhesives are produced using a variety of chemistries such as styrene-butadiene copolymer (SBC), acrylic, polyurethane, polyvinyl acetate (PVAc), silicone, and epoxy. Of these the high bond strength provided by acrylic makes it the most widely accepted and used product type. Acrylic not only offers optical clarity, but is low in price. Thus, it is being increasingly preferred. Moreover, acrylic is anticipated to expand at the fastest growth rate in the coming years. Epoxy UV adhesive, which was one of the leading product segments in the past, is however slated to lose market shares to acrylic, silicone, and polyester.

Wood-Plastic Composites Market: Increase in Building and Construction Activities to Boost Demand, TMR

According to a new report published by Transparency Market Research (TMR), the global wood-plastic composites market demonstrates a highly fragmented and a competitive landscape. With the presence of a number of wood-plastic composite manufacturers, the competition within the market will continue to increase in the years to come. The leading companies, such as, Fiberon LLC, Trex Co. Inc., Fineko, a CPG International, and Advanced Environmental Recycling Technologies, are focusing on expanding their businesses by reaching out to consumers in developing economies. Mergers, acquisitions, and partnerships are likely to surface as the most popular strategies among participants looking to expand their reach across various regions, notes in the study.

As per TMR’s estimations, the global market for wood-plastic composites was US$2.6 bn in 2012. Analysts anticipate the market to expand at a CAGR of 10.80% during the period from 2013 to 2019 and attain a value US$5.3 bn by the end of the forecast period. Polyethylene wood-plastic composites have emerged as the most valued product in this market and the trend is projected to remain so over the next few years, states the research report.

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Demand for Wood-plastic Composites to Remain Strong in Building and Construction industry

Wood-plastic composites find a widespread application in a number of industries, including the automotive, electrical, and the building and construction sectors. They are also extensively utilized into trays, shoe soles, toys, and musical instruments across the world, states the research report. The demand for these composites has been higher in the building and construction industry in the last few years. Thanks to the augmenting utilization of these composites in decking boards, window lineals, door components, rails and balusters, and fencing and sliding products, the building and construction industry is likely to remain the key consumer of wood-plastic composites in the years to come.

The report also analyses the worldwide market for wood-plastic composites geographically, segmenting it into Europe, Asia Pacific, North America, and the Rest of the World (RoW). With a share of more than 65%, North America led the global market in 2012. The regional market is anticipated to continue at the top position over the forecast period. Asia pacific, on the other hand, is expected to present the most lucrative growth opportunities to wood-plastic composite manufacturers in the near future, states the study. 

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Rise in Automotive Industry to Fuel Demand

“The global market for wood-plastic composites is witnessing a high rise in its size and valuation and will be remain doing so over the next few years,” says the author of this study. The significant increase in industrialization and the rising trend of urbanization has fueled building and construction activities across the world, which consequently, is influencing the demand for wood-plastic composites greatly.

Going forward, the rise in the automotive industry will reflect positively on the demand for wood-plastic composites in the near future. However, the advent of several other natural fiber composites as alternatives may limit the market’s growth over the next few years, reports the study.

The global wood-plastic composites market is segmented into the following categories:

By Product

  • Polyethylene wood-plastic composites
  • Polypropylene wood-plastic composites
  • Polyvinyl chloride wood-plastic composites
  • Others (ABS, Polystyrene and Polylactide) 

By Application

  • Building & construction
  • Automotive
  • Electrical
  • Others (Toys, Trays, Musical Instruments, Shoe Soles, etc.) 

The study presented here is based on a report by Transparency Market Research (TMR), titled “Wood-Plastic Composites Market (Product – Polyethylene, Polypropylene, Polyvinyl Chloride, ABS, Polystyrene, and Polylactide; Application – Building and Construction, Automotive, Electrical, Toys, Trays, Musical Instruments, and Shoe Soles) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019.

Coating Equipment Market With Liquid, Powder, Specialty Coating Equipment Segments, Growth By 2025

Coating Equipment Market – Coating is a covering that is applied on a surface to improve its functional or aesthetic properties. Paints is a major type of coatings. Paints are used in a wide variety of applications in automotive, industrial, building & construction, marine, medical, electrical & electronics, utility, and oil & gas sectors. Coatings are applied on all kinds of substrates including polymers, glasses, metals, and ceramics. The use of coatings is increasing all over the world as companies are adopting a prevention-based approach in order to decrease the costs incurred by rusting of equipment.

A wide range of techniques to apply coatings on a substrate, which use different equipment, are available. A good coating equipment device ensures that there is even distribution of the coating material over the substrate, proper mixing of different components of the material being coated, optimum drying, and presence of an efficient exhaust system to remove the residual solvent vapors. Rising consumption of coatings across the world is likely to, in turn, raise the demand for coating equipment in the next few years.

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Coating Equipment Market: Drivers and Restraints

Increasing demand from key end-user sectors such as automotive, industrial, medical, and building & construction is likely to be a key driver for the coating equipment market during the forecast period. The use of coatings to provide protection to different products as well as impart functional properties to the product surfaces is increasing in these sectors. Several companies in unorganized sectors in emerging economies, which were using non-standard methods for applying coatings earlier, are shifting toward the use of standard coating equipment. This shift is taking place due to increasing availability of capital for purchasing the equipment led by economic growth as well as more stringent governmental regulations.

The use of solvent-based coatings has been restricted in several countries. This would have a negative effect on equipment for solvent-based coatings in the near future. However, the use of water-based coatings is increasing at a rapid pace, which would increase the demand for related coating equipment in the next few years. Increasing costs of raw materials such as plastics, metal parts, electric components and electronic circuits is expected to be a restraint for growth of the coating equipment market during the forecast period.

Coating Equipment Market: Segmentation

Based on type, the coating equipment market can be segmented into:

Liquid coating equipment, Powder coating equipment, Speciality coating equipment, Others

Based on application, the coating equipment market can be divided into:

Automotive, Medical, Aerospace, Industrial, Building & Construction, Marine, Electrical & Electronics, Others

The medical segment of the coating equipment market is anticipated to expand at a rapid pace in the next decade, due to growing use of these equipment in drug delivery applications. Rising urbanization and industrialization in several regions of the world is likely to boost the demand for coating equipment in these regions in the near future.

Based on material characteristics and method of application, the coating equipment market can be segmented into liquid coating equipment, powder coating equipment, and specialty coating equipment.

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Coating Equipment Market: Region-wise Outlook

Based on geography, the global coating equipment market can be segregated into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to be a highly attractive market for coating equipment during the forecast period. Industrial growth and rapid urbanization in countries such as China, India, and Indonesia is likely to boost the demand for coating equipment in these countries in the next decade. The coating equipment markets in mature economies in Western Europe and North America are likely to witness sluggish growth in the next decade. Demand for coating equipment in several developing countries such as Mexico, South Africa, and Russia is likely to remain high in the next few years.

Coating Equipment Market: Key Players

Nordson Corporation, Anest Iwata,Graco Inc., C. Oerlikon, IHI Ionbond AG, SATA GmbH & Co. KG

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players.

According to the report, the global market opportunity in welding productsis expected to rise from US$19,080.3 mn in 2015 to US$23,777.5 mn by 2020. On the basis of technology, the resistant welding segment is expected to lead and account for 26.8% of the market by 2020. By product, the stick electrodes segment is expected to retain its leading position in the market and account for 40.9% of the market by 2020.

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On the basis of application, the automobile and transportation segment is anticipated to lead in the years to come and account for 17.8% of the market by 2020. The building and construction segment will be the second most lucrative application segment by 2020. Asia Pacific is expected to hold a dominant share in the market and is estimated to account for 43.8% of the market by 2020.

Oil and Gas Sector to Drive Growth Prospects of Welding Products Market

According to the lead author of this report, the demand from the automotive sector will boost the global welding products market. In addition to this, the repair and maintenance of automobiles will also boost the demand for welding products. Further, the high demand from the construction sector will help in driving the growth prospects of the welding products market in the coming years. The growth in the construction and infrastructural activities across developing economies is aiding the growth of the market.

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Moreover, the oil and gas sector is also creating a heightened demand for welding products. The construction of new manufacturing facilities and revamping the old oil infrastructures will drive the demand for welding products. The growing concerns relating to safety in the oil and gas industries will drive the need to replace old and worn out pipelines and install new ones, in turn boosting the demand for welding products. “Furthermore, the increase in the drilling activities in the oil and gas sector will drive the demand for offshore rigs, which in turn will create growth opportunities for the global welding products market,” states a TMR analyst.

High Cost of Labor in Developed Nations Posing a Challenge for Market

One of the key restraints in the global welding products market is the lack of skilled and trained labor. Labor cost in developed countries is too high, which in turn escalates the production prices, reducing the profit margins of manufacturers. Lack of skilled labor also hampers the process of welding, restraining the growth of this market. Despite the availability of new technologies, the dearth of skilled labor will make it difficult to implement and provide quality services to customers. On a positive note, the growth of the wind energy power sector will create fresh opportunities for the growth of the global welding products market.

The global welding products market is segmented as follows:

    • Welding Products Market – Technology Analysis
      • Arc welding
      • Resistance welding
      • Oxy-fuel welding
      • Laser beam welding
      • Others (ultrasound welding, etc.)
    • Welding Consumables Market – Product Segment Analysis
      • Stick electrodes
      • Solid wires
      • Flux-cored wires
      • SAW wires and fluxes
      • Others (gases, etc.)
    • Welding Products Market – Application Analysis
      • Automobile and transportation
      • Building & construction
      • Marine
      • Others (repair and maintenance, etc.)

This information is based on the findings of a report published by Transparency Market Research, titled “Welding Products Market (Consumables – Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Gases; Technology – Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding, and Ultrasound Welding; Application – Automobile & Transportation, Building & Construction, Marine, and Repair and Maintenance) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Independent Lubricant Manufacturers Market: Focus on Bio-based Product Development to Present Rewarding Growth Opportunities, TMR

Despite the presence of a large number of small players, the global market for independent lubricant manufacturers features a largely consolidated vendor landscape, wherein the leading four vendors cumulatively accounted for a nearly 58% of the market in 2016, observes a recent report by Transparency Market Research. The Germany-based company FUCHS alone accounted for nearly 37% of the overall revenue generated by the global independent lubricant manufacturers in 2016, hinting towards to stronghold of the company on the global independent lubricant manufacturers market.

The level of competition is high and companies compete on the basis of product pricing, distribution channels, and innovative product offerings. Owing to vast growth opportunities in the field of bio-based lubricants, many leading vendors are focusing on the expansion of their product portfolios to include these lucrative products. Expansion across high-growth emerging economies and introduction of economic and environmentally neutral products could be the most rewarding strategies for companies struggling to establish their footing in the global independent lubricant manufacturers market.

Transparency Market Research estimates that the global independent lubricant manufacturers market, which was valued at US$6,800.79 mn in 2016, will reach US$9,454.04 mn by 2025, expanding at a CAGR of 3.80% between 2017 and 2025.

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Mineral Lubricants to Help Independent Lubricant Manufacturers Gain Maximum Revenues

The mineral lubricants product segment dominated, accounting for a massive 60.8% of the global independent lubricant manufacturers market in 2016. However, the segment’s share is expected to decline nominally during the forecast period, with the segment of synthetic lubricants experiencing a notable rise. In terms of geography, the global market for independent lubricant manufacturers, in terms of market growth potential as well as revenue share, was led by Asia Pacific in 2016, followed by North America.

Thriving Automotive Industry to Remain Key Growth Driver

Some of the primary factors positively influencing the global demand for lubricants from independent manufacturers are the healthy growth of the global automotive industry and the vast rise in demand for bio-based lubricants. The automotive industry, being one of the key consumers of a variety of lubricants, has been witnessing extensive expansion, especially across emerging economies with strengthening financial conditions and a rapidly rising middle-class population with high disposable incomes.

With strict environment protection regulations in place across most key regional markets, the use of high-quality lubricants has witnessed vast rise in the past years. Expected to remain strong in the near future as well, this trend is expected to have vast positive implications on the overall business of independent lubricants manufacturers across the globe. Environmental regulations will also compel the increased usage of bio-based lubricants, presenting promising growth avenues for independent lubricant manufacturers expanding their product portfolios to include innovative bio-based products.

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Fluctuating Raw Material Costs to Increase Cost Challenges for Manufacturers

Fluctuating prices of raw materials are one of the key challenges hindering the growth prospects of the global market for independent lubricants manufacturers. Fluctuation in raw material costs invariably affect pricing models and mostly have a negative impact on profit margins, especially in cost-sensitive regional markets, wherein consumers easily shift preferences, favoring cheaper alternatives. While bio-based lubricants are expected to witness a healthy rise in demand, their high costs could also deter consumers in developing economies from buying bio-based lubricants and instead choosing conventional crude-oil based lubricants.

For the study, the market has been segmented as follows:

Independent Lubricant Manufacturers Market – Product Analysis

  • Mineral lubricants
  • Synthetic lubricants
  • Bio-based lubricants

Independent Lubricant Manufacturers Market – Application Analysis

  • Automotive
  • Aerospace
  • Marine
  • Industrial
  • Others

This review of the global independent lubricant manufacturers market is based on a recent market research report published by Transparency Market Research, titled “Independent Lubricant Manufacturers Market (Type – Mineral Lubricants, Synthetic Lubricants, and Bio-based Lubricants; Application – Automotive, Aerospace, Marine, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com