Global insulation market was valued at US$ 37.87 Bn in 2013 and is anticipated to reach US$ 64.91 Bn in 2020, expanding at a CAGR of 8.0% from 2014 to 2020.
Dewatering equipment are the equipment used to separate water from solids. They are employed at all places where drying is required. Water is separated forcefully from solids using vacuum or centrifugal motion. It is one of those methods that prove to be cost-effective in several manners. Its use in waste management systems or at sites involving handling of solids helps reduce the additional weight of water. This proves to be cost-effective as charges are applicable as per the unit weight. Heat drying, a method that can be used to substitute dewatering equipment, proves to be costlier owing to the cost involved in providing energy to the microwave used.
Dewatering equipment typically include vacuum filters, filter presses, drying beds, sludge lagoons, centrifuges, etc. Centrifuges offer a large number of advantages such as less space requirement, fully automated nature, user-friendliness, cost-effectiveness. They hardly require any personnel attention. They offer higher cake dryness and amount of polymer on the same sludge. The choice of dewatering equipment largely depends on the method used for dewatering and the site of work at which they are installed.
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Dewatering equipment have hardly any disadvantages; for example, filter presses require more space as compared to the other dewatering equipment. They are partially automated and require personnel attention. Centrifuges consume higher energy. The need for dewatering equipment has been continuously increasing and is expected to increase more in the near future, as water is an integral part of almost every activity in day-to-day household chores and several industrial activities. Rapid industrialization and increase in population are the major reasons for the increase in demand for these equipment. Especially, centrifuges are gaining importance owing to their several advantages and cost-effectiveness in terms of cost of labor, chemicals, and disposal.
Based on method of dewatering employed, the market can be segmented into well point method, eductor wells method, deep well point method, and open sump pumping method. The method employed largely depends on the site of application, while the dewatering equipment used largely depends on the method of dewatering employed.
Based on its use at the site of application, the market for dewatering equipment can be segmented into industrial and waste disposal applications. Due to rapid industrialization in developing nations of the world, demand for dewatering equipment in industrial applications has been increasing and is expected to rise even more during the forecast period. Increasing population and stringent environmental regulations and waste disposal norms are factors responsible for increasing need for dewatering equipment at waste disposal sites. Currently, the market is dominated by the industrial application segment and is expected to expand at a considerable growth rate during the forecast period.
Geographically, the global dewatering equipment market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Rapid industrialization and infrastructure development in some of the developing countries in the region such as China and India are likely to make APAC an attractive market for dewatering equipment in the industrial application segment in the next few years. Also, increasing population and stringent government norms regarding waste disposal in these countries are the major reasons for increase in demand for dewatering equipment in Asia Pacific. The market in the region is expected to expand at a considerable growth rate during the forecast period.
Rapid industrialization, need for development of infrastructure, increasing population, intensifying environmental laws and considerations are some of the major reasons for requirement for newer technologies and cost-effective and efficient innovations in dewatering equipment. At present, the dewatering equipment market in Asia Pacific is dominated by the centrifuges segment as well as the industrial application segment.
Some of the key players operating in the global dewatering equipment market are Alfa Laval, Phoenix Process Equipment, Andritz, AQ Septance Group, and Veolia Water Technologies.
The global market for bioadhesive has been gaining significantly over the recent past. Thanks to the increasing implementation of stringent rules and regulations, compelling industries to limit the application of petroleum-based products, the focus on eco-friendly, bio-based adhesives has increased, which is reflecting greatly on this market. The technological advancements in research and development activities and the resultant advancements in adhesives is also supporting the adoption of a variety of bioadhesives across the world. Going forward, the increasing entry of new vendors in this market is likely to back up its growth over the next few years.
As per Transparency Market Research (TMR), the global market for bioadhesive, which stood at US$251.6 mn in 2015, is anticipated to rise at a healthy CAGR of 12.90% during the period from 2016 to 2024 and is projected to increase to US$736.0 mn by the end of 2024.
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The global market for bioadhesives is broadly analyzed on the basis of the source and the end user. Based on the source, the market has been classified into plant-based bioadhesives and animal-based bioadhesives. Among the two, the animal-based bioadhesive segment led the global market in 2015 with a share of nearly 80%. Researchers expect it to continue like this over the forecast period as well on the ground of the rising utilization of these adhesives in the medical and healthcare industry for specialty applications, such as open surgeries and wound closures.
By the application, the market has been categorized into the paper and packaging, medical, personal care, wood works and furniture, and the construction industries. With a share of more than 30%, the paper and packaging industry surfaced as the leading consumer of a varied range of bioadhesives in 2015. Over the coming years, the industry is expected to continue as the key end user of bioadhesives, thanks to the steady rise in the global packaging industry.
Europe to Retain its Top Position
Geographically, the worldwide market for bioadhesives is led by Europe. In 2015, the European market accounted for more than 35% of the overall market, thanks to the increase in the construction activities. Over the forthcoming years, the regional market is likely to remain dominant on the grounds of the high demand for bioadhesives in several industries, such as construction, packaging, and wood works and furniture in this region. Germany is anticipated to emerge as the leading consumers of bioadhesives in Europe in the near future.
Apart from Europe, North America is also expected to display lucrative growth opportunities for the market for bioadhesives. The rising implementation of stringent norms and policies concerning the usage of petroleum-derived products in this region is likely to boost the North America market for bioadhesives in the years to come. The development of novel products with efficient adhesive properties is also projected to provide momentum to the North American market over the next few years.
Adhesives Research Inc., 3M Co., SCION, Adhbio, Bioadhesive Alliance Inc., Meredian Holdings Group Inc., Ecosynthetix Inc., Ashland, Cryolife Inc., and Henkel Corp. are some of the key players operating in the global bioadhesive market.
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.
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 adhesives and binders refer to substances that adhere or bond to wood surfaces or wood particles. Used across a vast number of applications in areas where wooden structures are employed, wood adhesives and binders are among the key entities required across a number of consumer and industrial applications such as furniture, flooring, doors, windows, and cabinets. To be able to provide excellent bond between wooden surfaces wood adhesives and binders are required to exhibit great bonding strength, resistance to chemicals and temperature, and durability.
While wood adhesives are available in both natural and synthetic varieties, focus has considerably increased on the production of new product varieties with lower content of volatile organic compounds (VOCs). This trend is driven due to the stringent regulations laid down by regulatory authorities against the use of environment damaging chemicals. This trend is expected to remain one of the key transformational factors impacting the overall development of the global wood adhesives and binders market in the next few years.
Transparency Market Research estimates that the global wood adhesives and binders market will exhibit a CAGR of 4.4% over the period between 2014 and 2020 and rise from a valuation US$13.15 bn in 2013 to US$17.77 bn by 2020.
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Demand for Wood Adhesives and Binders for Furniture and Subcomponents to Lead to Most Promising Growth Opportunities
The report examines the key applications of wood adhesives and binders across applications segments such as cabinets, flooring and plywood, furniture and subcomponents, windows and doors, crafts, and do-it-yourself consumer products. The furniture and construction industries grant the market its most promising application segments in the form of flooring, windows and doors, plywood, and furniture. A variety of wood adhesives and binders are extensively used to manufacture particle boards, oriented strand boards (OSBs), medium density fiberboards, and softwood plywood for use across these application areas.
The segment of furniture and subcomponents is expected to emerge as the leading segment in terms of growth rate over the report’s forecast period. The segment is projected to exhibit a promising CAGR of over 5% in terms of volume over the period between 2014 and 2020. On the other hand, the segment of flooring and plywood remained the dominant segment across all regions in 2013. The segment accounted for over half of the global consumption of wood adhesives and binders in the said year. The trend is projected to continue to remain strong over the report’s forecast period, with demand from the vast rise in infrastructure activities to remain the key driver.
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Asia Pacific Market to Present Most Promising Growth Opportunities
In terms of geography, the report examines the wood adhesives and binders market in regions such as Asia Pacific, North America, Europe, and Middle East and Africa. Of these, the market in North America accounted for the dominant share of revenue in the global market in 2013 and also led in terms of volume-wise consumption. The region accounted for a massive 33% of the global consumption of wood adhesives and binders in 2013. In the next few years, North America is expected to retain dominance owing to vast demand across flooring and plywood applications.
Emerging economies in Asia Pacific are expected to be among the most promising markets for wood adhesives and binders over the report’s forecast period. The vast rise in construction activities owing to rising urbanization in countries such as India and China is expected to emerge as the key demand driver of the global wood adhesives and binders market in the Asia Pacific region over the report’s forecast period.
Some of the leading players operating in the global wood adhesives and binders market are Bostik SA, Avery Dennison Corporation, Dow Chemical Company, Adhesives Research Inc., Huntsman Corporation, Henkel AG & Co. KGaA, BASF SE, H.B Fuller Company, 3M Company, and Ashland Inc.
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:
- Polyethylene wood-plastic composites
- Polypropylene wood-plastic composites
- Polyvinyl chloride wood-plastic composites
- Others (ABS, Polystyrene and Polylactide)
- Building & construction
- 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 – 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