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Heat Resistant Coatings Market Share Revenue and Share Study Analysis to 2028
Agosto 22, 2022 4:05 - no comments yetRegulatory Framework
ASTM standards under ASTM D248-18 offer standard test methods for evaluating coatings for high temperature service. The method covers the evaluation of the heat-resistant properties of coatings designed to protect steel surfaces exposed to elevated temperatures during their service life for interior and exterior coatings.
Under defined temperature settings, ISO 3248:2016 provides a method for testing the resistance of single coatings or multi-coat systems of paints, varnishes, or related materials to changes in gloss and/or colour, blistering, cracking, and/or detachment from the substrate.
Market Forecast
According to MRFR analysis, the global Heat Resistant Coatings Market Share is expected to reach a value of over USD 8 billion by 2028, with a CAGR of around 5.1%.
Heat resistant paint and coatings are specialised coatings that can withstand high temperatures while also offering corrosion protection. They were created to protect surfaces that are subjected to extreme heat and fast temperature fluctuations. High-temperature paint can withstand temperatures of up to 700°C.
Heat resistant coatings can be an epoxy phenolic, silicone, epoxy novolac, silicone, or a more specific multi-polymeric matrix..
Competitor Analysis
- AkzoNobel N.V. (Netherlands)
- Sherwin Williams Company (US)
- PPG Industries Inc. (US)
- Axalta Coating Systems (US)
- Jotun A/S (Norway)
- Hempel A/S (Denmark)
- Kansai Paints Co. Ltd (Japan)
- KCC Corporation (South Korea)
- RPM International Inc. (US)
- Tikkurila OYJ (Finland).
Segmentation
By Application
- Based on application, the global heat resistant coatings market has been segmented into automotive & transportation, industrial, consumer goods, building & construction, and others.
- Heat resistant coatings are utilized in thrust cage bearings, wheel assemblies, brake clips, door strikers, exhaust gaskets, and gas filler tubes in the automobile sector. In the aerospace sector, it is used for turbine engines, blades, combustion liners, compressor casings, nozzles, pistons, and pumps, among other things.
- In the manufacturing, military, petrochemical, and power industries, high-temperature resistant coatings are commonly used for pipelines, fireproofing, jet engines, offshore rigs, original equipment, and different plants/facilities that use high-temperature processes.
- Restaurants, hospitals, institutions, and residential buildings, as well as HVAC systems, employ heat resistant coatings. The increasing construction industry in emerging nations, with more residential and commercial constructions, notably in India and China, as well as rising living standards and disposable budgets, is driving the heat resistant coatings market.
- These coatings are widely used in home applicances, furniture, fan, refrigerators, bicycles, etc.
- Others segment include agriculture, medical, storage tanks, chemicals, among others.
By Resin Type
- On the basis of resin type, the global heat resistant coatings market has been segmented into silicone resin, epoxy resin, acrylic resin, polyester resin, modified resin, and others.
- The most commonly used resins are silicone resins which makes films that are heat resistant, weatherable, dielectrically conductive, and water repellent. They also come in a variety of consistency options, ranging from high-viscosity liquids to solids. Silicone resins are used to increase the durability, safety, and dependability of paints and varnishes, as well as electrical and other applications.
- Epoxy coatings are organic polymers created by chemically mixing epoxy resins with co-reactants/hardeners/curatives. Because of their great impact and abrasion resistance, epoxy coatings are employed in oilfield, offshore, and petrochemical plant applications.
- Acrylic coatings have many advantages, including quick-drying and high gloss capability. They make great adhesion-promoting primers. Acrylics often require fewer ingredients and can increase the coated product’s corrosion resistance.
- Polyester powder coatings are solvent-free and are electrostatically applied on conductive coating substrates, mostly metals. Thermosetting powder coatings rely only on heat for melting, flow, and curing, with temperatures ranging from 150 to 200°
- Silicon alkyd, elastomer modified acrylic resins, and other modified resins are some of the most common. Silicone acrylics are single-package air-dry paints that keep their colour and gloss between 350 and 400° Silicone alkyds, on the other hand, are air dry paints that come in a single container and have similar colour and gloss retention.
- Others segment include alkyd, phenolic, polyurethane, vinyl-acrylic resin, PTFE resin, among others.
By Region
- North America: Regional growth for heat resistant coatings in North America is driven by the enincreasing investment in automotive and aerospace sector. The region’s total construction spending recovered and peaked at USD 1.57 trillion in July 2021, a record high for the series and 12% higher than 2019 average levels.
- Asia-Pacific: Asia-Pacific emerged as the fastest-growing regional market. Factors such as improving economic conditions along with fast-paced urbanization and industrialization are driving the global market growth. The construction industry in Asia-Pacific has been booming, thanks to expanding manufacturing and service sector infrastructure, rising home building, and increased government spending on public works.
- Europe: The construction industry is vital to the European Union's economy. The sector employs 18 million people directly and accounts for about 9% of the EU's GDP. It also generates new jobs, stimulates economic growth, and addresses social, environmental, and energy issues.
Anti-counterfeit Packaging Market Share Drivers, Restraints, Opportunities, Threats, And Growth Forecast To 2027
Agosto 18, 2022 8:36 - no comments yetMarket Overview
Anti-counterfeit packaging market 2020 can possibly advance at a rate of close to 12.93% between 2021 and 2027 (evaluation period), confirms Market Research Future (MRFR).
Top Drivers and Main Barriers
With the counterfeiting industry rapidly rearing its head, the consumer goods market is constantly taking a hit with each passing year. Recent years have noted a surge in counterfeit car parts, technologies like cell phone batteries and prescription drugs. Counterfeit pharmaceutical has emerged as one of the most profitable industries in the worldwide trade of illegal goods. Unauthentic drugs not only harm but also lead to fatality all across the world, leading to significant damage of the brand belonging to renowned pharmaceutical manufacturers. The surge in the use of online pharmacies, and the emergence of mass producers of various counterfeit medical products, has unfortunately boosted the growth of the falsified drugs market. This calls for more demand for anti-counterfeiting packaging, an ideal solution to such a grave situation.
The latest trend picking up speed in the market is the rising number of strict product safety regulations associated with counterfeiting. Since the fake products are continuously rising in number around the world, governments across several nations are various countries are setting up stringent rules that aim to curb these counterfeiting activities. The growth of these regulations is bound to leave a positive impact on the market for anti-counterfeit packaging, while weakening the market for fake products.
The market also benefits from the consistently mounting concerns among manufacturers regarding the losses being incurred due to the sales of counterfeit items. Concerns with regard to brand dilution have risen considerably among leading companies, which boosts the requirement for anti-counterfeit packaging. It is anticipated that a huge demand for this type of packaging will be generated in the pharmaceutical sector, given the high possibility of losses incurred by the rising use of spurious goods. In the face of growing concerns linked with brand image as well as the negative effects of hazardous drugs, more and more manufacturers are expected to make higher use of anti-counterfeiting packaging technologies in subsequent years.
List of companies
- Avery Dennison Corporation (US)
- Atlantic Zeiser GmBH (Germany)
- Du Pont De Nemours and Company
- Savi Technology Inc.
- SICPA Holding SA (Switzerland)
- Authentix, Inc. (UK)
- Zebra Technologies, Inc. (US)
- Tracelink Inc. (US)
- Applied DNA Sciences, Inc (US)
- Impinj, Inc. (US)
- Advanced Track and Trace (France)
- 3M Company (US)
- CCL Industries Inc. (Canada)
Market Segmentation
The study of the anti-counterfeit packaging market Share covers segments like technology, usage feature, and end-users.
The technologies used in the market are labels, barcode, holograms, RFID, and others. Out of these, RFID has the highest potential to gain the largest share in the market, owing to its use in various sectors for capturing and reading that is stored on the product’s tag.
The usage features listed in the report are tamper evidence, track & trace, covert, forensic markers and overt. In 2020, the market was dominated by track & trace usage feature, and the predictions confirm that the segment can attain the fastest growth rate in the following period. Track and trace find widespread use in every type of packaging variables, since they help brand documentation symbols, transportation data during transport and also display product statistics.
The main end-users in the market identified by MRFR are food & beverages, healthcare, apparel, automotive, consumer goods, and others. Healthcare was the leading end-user in 2020 and can also procure the fastest CAGR over the next couple of years. Anti-counterfeiting helps curb the sale of fake medicines and other unauthentic healthcare items.
Regional Study
North America, Asia Pacific or APAC, Europe, and the Rest of the World or RoW are the top markets for anti-counterfeit packaging across the world.
In 2016, APAC clinched the top position in the global market; on account of the surging awareness among manufacturers regarding counterfeit activities and the urgent need to diffuse this situation. The market growth in the region has also been induced by the burgeoning population and the rising disposable income of people. Owing to the latter, the demand for packaged food has also soared in the region, eventually favoring the market. A number of vendors are making sizeable investments in these technologies, which can result in the emergence of lucrative opportunities for market contenders during the conjectured period.
MRFR estimates the shares held by North America and Europe to be equal, with the market growth in these regions to be the result of the rising focus among manufacturers on the development of more advanced anti-counterfeit packaging to avoid business loss. These manufacturers are also working towards maintaining the authenticity of the products, which induces the need for anti-counterfeiting packaging in the region.
glass packaging market report 2021 Top Manufacturers, Will Generate New Growth Opportunities by 2028
Agosto 18, 2022 8:23 - no comments yetOverview:
The global market report on the glass packaging market includes a proper study of how various dynamics are impacting the industry to move forward. The increasing demand for eco-friendly packaging, growing inclusion of it in the beverage and pharmaceutical industry, its feature like zero chemical leaching, and non-reactive nature are expected to play in favor of the market growth. Market Research Future (MRFR) predicted that the market has a chance to surpass USD 66,000 mn during the forecast period of 2021 to 2028. However, the durability of glass packaging may hinder the plans regarding the expansion of the glass packaging market.
Regional Segmentation:
North America and Europe would bolster their regional glass packaging markets with advanced technologies and research & development results. The Asia Pacific market would gain from the pressure piled on by the massive population.
The global Glass Packaging Market report has been studied on the basis of a segmentation that includes products and applications. MRFR analysts have reviewed all these changes to understand dynamics that can impact the market outcome.
By product, the global glass packaging market has been studied on the basis of standard glass quality, premium glass quality, and super-premium glass quality.
By application, the study of the glass packaging market includes segments like beverage packaging, food packaging, personal care packaging, pharmaceutical packaging, and others. The pharmaceutical packaging segment is gaining substantial traction due to the growing demand for vials and other types of packaging for medicines. The beverage segment is also creating a huge scope for the glass packaging market to expand.
Industry News:
In September 2020, the Government of Nigeria announced the ban on alcohol sales using the packaging of polyethylene terephthalate (PET or PETE) and glass bottles. The National Agency for Food and Drug Administration and Control (NAFDAC) recently revealed a document on alcohol consumption in sachet and how it is endangering the lives of normal people. The decision from the government came just two days after the publication of the report and this highlights how people are consuming unregistered products. The main intent is to safeguard the interests of the Nigerian people who are often consuming liquors without knowing the impact it can have on their bodies.
In September 2020, Lumson, an Italian-based primary packaging provider for the skincare and make-up sector, declared the launching of two new glass bottles for foundations. They have named these glass bottles I-Conic and Marylin, respectively. The design is sophisticated and contemporary and will be available in 30mL format. Lumson has paid special attention to its design to highlight the formulation inside the bottle. I-Conic is expected to generate traction for its slender and conical lines, with a thick base and rounded corners. Marylin has an oval shape and would highlight the color of the substance inside.
During the COVID-19 crisis, various sectors, from food & beverage to healthcare, inspired a substantial demand for pharmaceutical glass packaging initiative, owing to which the market stands to benefit significantly in the coming years.
Competitive Landscape:
- Owens Illinois Inc.
- Ardagh Group SA
- Heinz Glas Gmbh
- and Co. KGAA
- Verallia
- Vitro
- Vidrala S. A.
- Nihon Yamamura Glass Co. ltd
- BA Vidro
- Allied Glass Containers ltd
- Gerresheimer AG
- VetroBalsamo Spa
- Vetropack Holding Company
- Verescence
- Stolzle Glass Group
- Luigi Bormioli Corporation
- Piramal Glass
- Zignago Vetro S. P. A.and many korai.
Browse More Related Reports:
https://www.marketresearchfuture.com/reports/heat-resistant-coatings-market-10751
https://www.marketresearchfuture.com/reports/automotive-coatings-market-1754
Pressure Sensitive Tapes Market size | Future with Key Competitors 2021-2028
Agosto 18, 2022 7:27 - no comments yetRegional Analysis
APAC is expected to dominate the global pressure sensitive tapes market with its fastest growing market worldwide. In recent years, the demand for pressure sensitive taps have been declined due to low production and decline in the construction activities. However in U.S. and Europe, the tap market is expected to grow due to the increase in demand for paints and coating which uses masking tapes. Although pressure sensitive taps are used in almost every region, Asia Pacific region is expected to dominate due to greater share from the manufacturing industry. The increase in demand of pressure sensitive taps for application such as food & beverage, construction, automotive, and others have also dominated the pressure sensitive taps industry in future.
Market Overview
The packaging industry is a growing field in much demand as it becomes easier and easier to ship items around the world. Proper packaging is vital in this field to make sure that item reaches its destination in the same shape it was sent out in. Packaging engineers are always looking for the best ways to meet their packaging challenges, and one option is double-sided pressure sensitive adhesives.
Pressure sensitive tape also known as PSA, self-adhesive, self-stick adhesive. It is a major category of adhesive tapes and is a relatively thin flexible material with single or double sided coating. Single sided tapes are a pressure-sensitive tape consisting of a carrier with adhesive coated only on one side. Single sided tapes use a backing that may be variety materials that are flat, and web-based such as film, paper, foil, fabrics, or foam tape. Whereas, double sided tape - also known as double coated tape or double faced tape, is a pressure sensitive tape (PSA) consisting of film, foam, paper, cloth, or foil carrier, with an acrylic, rubber or silicone adhesive coated on both sides.
PSA tapes require pressure to adhere to a surface. These tapes can be formulated to form high strength bonds when used in medical equipment or to join different dressing and drape substrates together, or to provide gentle adhesion when used in a stick-to-skin application. PSA tapes can be acrylics, silicones, or styrene block co-polymers.
Pressure sensitive adhesives (PSA) tapes are used in many different applications and continue to grow as a solution to fastening and joining due to advances in adhesive technology, ease of use, and its low cost compared to traditional fastening systems.
Pressure sensitive tape is a fast and convenient means affixing in position, either permanently or temporarily. The various types of backing material such as plastic films, cloth fabrics, paper and others used to form such tapes. Pressure sensitive tapes are seeing increasing use throughout all industries, including transportation, construction, medical, appliance applications. It has advantages over traditional methods of mechanical and chemical bonding, cost-effective nature, durable, and easy to install are some of the factors helps to grow the market towards growth.
According to a recent study report published by the Market Research Future, The global market of Pressure sensitive tape is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a striking growth by 2028, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2021 – 2028).
Competitive Analysis
Pressure sensitive tape market size appears to be competitive with the presence of several large and small players operating in the Pressure sensitive tape market. These Key players compete based upon pricing, quality, Technology and reputation. Pressure sensitive tape market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Pressure sensitive tape market strive to respond to the growing demand for Pressure sensitive tape. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
Industry/News:
In June 2017, Avery Dennison has acquired Yongle Tape Company Ltd. To manufacture specialty tapes and related products in a variety of industrial markets.
In September 2017, Avery Dennison has expanded its Kunshan Plant to meet the demand from pressure sensitive tapes.
In November 2016, 3M has introduce Scotch Clean Removal Strapping Tape 8899HP in order to diversify the product portfolio.
Market - Segments:
Global Pressure sensitive tape Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Backing Material: Paper, PVC, Polypropylene, and others
Segmentation by Product: Masking, Carton Sealing, Electrical, Double-sided, and others
Segmentation by Application: Healthcare, Packaging, Construction, Manufacturing, and others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Folding Cartons Market size | Trend Shows A Rapid Growth By 2030
Agosto 18, 2022 7:21 - no comments yetMarket Research Future (MRFR) study on the global folding cartons market (2021-2030) discusses and analyses the influence of the outbreak of COVID-19 on the global folding cartons market, including future opportunities and challenges, drivers, and risks. The report provides an assessment of the effect of COVID-19 on the global folding cartons market and an estimate of business growth based on different scenarios.
The packaging of a product plays a vital role in most industries. So, many manufacturers give importance to packaging and have large budgets. Packaging and folding cartons are some of the most common and most popular forms of consumer packaging in the market. They are commonly used in retail packaging to carry individual items and can also be used very effectively to view and promote products that generate more sales.
Key Players
- Westrock Company
- PaperWorks
- Georgia-Pacific LLC
- KapStone Paper and Packaging Corp.
- Sonoco Products Company
- Graphic Packaging Holding Company
- Amcor Limited
- Schur Pack Germany GmbH
- Multi Packaging Solutions Inc.
- Rengo Co. Ltd.
Market Segmentation
The global Folding Cartons Market size has been segmented into wall construction and end-use.
By wall construction, the global folding cartons market has been segmented into single-wall corrugated, double-wall corrugated, and triple-wall corrugated.
By end-use, the global folding cartons market has been segmented into healthcare, household, personal care, and others.
Regional Analysis
Regionally, the global folding cartons market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific earned a significant market share and will continue to dominate over the assessment period. The increase in the revenue share of this market is due to increased demand from consumers in the region for convenient packaged food items. Established organized retailing in many parts of the region is also anticipated to contribute to the future growth of the market.
Market Dynamics
The growth in technological innovations is one of the significant developments in the folding carton industry. The use of the latest technologies and designs and the introduction of new products will meet the increasing demand for folding cartons manufacturers. Rising demand for packaged food items is driving the growth of the folding carton industry. As a result of the growth in population and the increase in disposable income of consumers, demand for food will increase in many regions of the world. This will also contribute to an increase in demand for folding cartons in packaging.
The food products segment is dominating the folding carton industry. Increased demand for convenience food from consumers across the globe and organized retail has resulted in greater demand for folding cartons. Food vendors are in a demanding situation to offer products with a longer shelf life and appealing packaging to draw customer attention.
Packaging cartons can be designed, shaped, and colored to make the product appear desirable to consumers. There are several ways to advertise a product or brand, including carving text, names and figures, and the use of a broad range of colors and shades. Many businesses are experimenting with carton shapes to improve their shelf appeal. Some of the products are becoming more popular, solely due to their unique packaging.
The packaging market appears to be set for the next stage of development. Strongly favorable demographics, increasing disposable incomes, rising consumer awareness, and demand for processed food drive market development. These factors cause both the packaging suppliers and the end-user industry to switch from bulk packaging to retail, as well as unit-level and small-sized packaging. In addition, the explosion of organized retail growth and the newly relaxed foreign direct investment (FDI) standards in retail and other sectors are expected for the packaging industry.
The new trends observed are the research and development by manufacturers concentrating on advantageous locations for production and short-distance supply locations to minimize costs. The need for continuous differentiation of brands in a competitive market is a catalyst to the increasing demand for innovation in printing methods. This leads to the growth of technologies such as QR codes, holographic images, Fresnel lenses, and other 3D devices. Technological advances in print electronics are also leading to the development of smart packaging. The folding cartons market is predicted to be promising during the forecast period due to major drivers such as the emphasis on high-quality products, evolving customer lifestyles, and growing purchasing power. Manufacturers are increasingly seeking to put more emphasis on innovation in their product offerings in order to meet consumers' requirements. The folding cartons market is undergoing a number of shifts, with changing customer expectations, accelerating technological innovation, and shifting competitive power. Growing government funding commitments and development in packaging are critical factors for the industry's growth in the years to come.
