
In recent years, among all technologies, water-borne adhesives help the largest share, of above 50%, in the adhesives industry. Water-borne adhesives, also called water-based adhesives, are made by combining additives, water, and polymers.
They are appropriate for both non-porous and porous materials. They are used in the making of an extensive variety of products, such as packaging, books, medical tapes, and home appliances. As they are low on VOCs, they are eco-friendly. Furthermore, they have outstanding heat resistance, high tack, and considerable water resistance.
The utilization of adhesives in healthcare applications is set to advance at the highest CAGR, of approximately 6%, during the projection period. Medicinal-grade adhesives are utilized to bond items like tube connectors, catheters, blood bags, plastic enclosures, syringes, and dialysis filters. Such medicinal items are typically formed from a range of synthetic resources, such as tough-to-bond plastics, like PP, PEEK, and PE.
During the projection period. the silicone category is projected to generate the largest revenue share, more than 40%. This growth of the category can be credited to the capability of silicone adhesives and sealants to endure low and high temperatures, low chemical reactivity, insulating abilities, strong thermal stability and high durability, and water repulsion.
In recent years, the APAC region dominated the global adhesives market with a majority revenue share, credited to the fast economic development, growing infrastructure expenditure, increasing buying power and shifting adhesive & sealant manufacturing from advanced regions to the APAC region.
Furthermore, vinyl wraps, also known as self-healing wraps, comprise high-tech coatings, and they can be utilized instead of normal paints. In addition, crack discovery paints can support in conducting visual tests, thereby making it simpler to discover cracks in wind turbines, bridges, and other structures.
Water-Borne Technology Set To Experience Fastest Development
On the basis of technology, the water-borne category is projected to develop at the fastest pace, of approximately 9.6%, in the coming few years. This is because these variants are widely utilized in architectural applications in North America and Europe, because of the stringent VOC regulations here.
As health and environmental concerns are mounting and Asia-Pacific nations are experiencing rapid urbanization, which has caused an enormous demand for new homes, the utilization of water-borne alternatives in architectural applications is now rising.
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Increasing Expenditure in Automobile Industry Boosts Market
The government is supporting the automobile industry in several ways, such as offering grants for businesses and formulating strategies for its restructuring.
The rising expenditure in technological enhancements is leading to better manufacturing processes and designs, surge in the acceptance of digital driving systems, and advent of electric vehicles.
Moreover, to reduce manufacturing prices and increase revenue, the key automakers around the world are constantly increasing their investments in production plants in developing markets, particularly India, China, Thailand, Malaysia, and Vietnam.
Browse detailed report on High-Tech Paints and Coatings Market Insights, Share, Growth and Demand Forecast to 2030
APAC Is Dominating Industry
In 2022, APAC was the highest revenue generator. Furthermore, the largest market for architectural paints and coatings in APAC is China, and the second largest is India, followed by Japan.
The requirement for architectural coatings in such countries will increase mainly because of the growing living space needs in city areas, because of urbanization and the desire of middle-class people to advance their living standards.
When it comes to India, house building is vigorously supported by the government. As per NITI Aayog, in the coming few decades, around 50% population will move to urban areas. Such factors will contribute to the growth in high-tech paint and coating demand for various aesthetic and practical purposes.
High-Tech Acrylic Paint and Coating Demand To Grow Rapidly
Among all the resins, the sale of acrylic is expected to grow the fastest, at a 9.9% CAGR. Due to their affordability, adaptability, and reliability, high-tech paints and coatings with an acrylic base are widely popular in the real estate sector.
Agricultural-grade phosphoric acid had about 60% share in the recent past, therefore dominating the grade segment. The agricultural productivity in China will grow, backed by financial progress, which brings about an increase in the requirement for phosphate fertilizers.
To the south, in India, the production and consumption of chemical will grow considerably, powered by the increase in agricultural actions within the country and the development in the fertilizers export.
Synthetic Lubricants
These are oils chemically synthesized to deliver higher performance as opposed to other lubricants. They can bear extreme conditions, heavy loads, and high pressures. They have exceptional thermal stability, resistance to rust, and prolong life of the machine, making them apt for challenging industrial uses.
Greases
You would have heard about the word grease, if not from anyone else, then from a motor mechanic. Grease is applied to automobiles and also for other kinds of machinery to keep them running without any sort of hitch. But, do you know, what exactly is grease?
Moreover, the exceptional performance of tall oils in low temperatures is boosting their adoption all over the world. Tall oil fatty acid esters are ideal for the additive’s implementation in numerous lubricants and personal care goods.
A key driving factor in the industry is the rising public consciousness regarding the advantages of bio-based fatty acid esters and their usage as additives of lubricants in hydraulic, automotive, and metal cutting applications. These eco-friendly esters offer exceptional lubricity and a lesser toxic & cleaner work environment as compared to the traditionally used lubricants.
In the past few years, the oleates category, based on product type, accounted for the largest fatty acid esters market share, and it will propel at a 4.7% compound annual growth rate, to touch USD 1,180.8 million, by 2030. This is primarily attributed to the increasing demand for these products to manufacture personal care goods, lubricants, and pharmaceuticals.
Additionally, oleate-based fatty acid esters are very ideal for numerous applications as they have excellent lubrication, low toxicity & volatility, and cold-flow properties.
The personal care & cosmetic products category, based on application, will exhibit the fastest growth in the years to come. This is ascribed to the rapid adoption of fatty acid esters as detergent cleansing agents and as emollients and thickeners in skin creams. Moreover, the rising public consciousness regarding bio-based cosmetics is boosting the need for these products.
Furthermore, due to the change in the climatic conditions, the demand of solar glasses is increasing, because people are becoming more aware about the high price of air conditioning units needed in residential and commercial places and the growing attention on smart construction in order to save environment.
The commercial buildings category had over 50% of market share in recent years. Mainly because of the major hike in industrialization, in countries like India, China and Japan, where the expansion of spaces including malls, corporate spaces, industrial facilities, is increasing rapidly.
Moreover, the market progressions are supported by the surge in demand of petroleum from the automobile sector. For instance, in the recent past, the average consumption of petroleum in the U.S. was 19.78 million barrels everyday (b/d). The entire petroleum use in the nation has increased by 8% since 2020.
The mounting public concerns about hair loss, gray hair, skin health, and physical outlook, and the changing hairstyling trends will accelerate the global demand for cosmetic chemicals. The changing scenario is encouraging more people to make hefty investments in premium cosmetic products. The soring expenditure on personal care products can be ascribed to the booming disposable income of people. To cater to the escalating demand, players are focusing on advertising and commercialization of premium haircare, skincare, personal care, and beauty products.
Hydrates Skin
Butylene glycol contains humectant characteristics. Humectants entice and bind water, commonly from deeper layers of the skin into the upper layers of the skin. They support keeping the skin moisturized and hydrated.
Moisturizes and Softens Skin
Apart from bringing moisture to the skin, butylene glycol is also an emollient. It covers the skin’s surface, producing a fence that stops water loss. And it also works as a hair softener.
Preserves Texture
Butylene glycol’s key role in the majority of skincare items is to perform as a solvent. Solvents support ingredients to stay on hold in formulas, stopping them from mixing together or becoming gritty.
Decreases Viscosity
Butylene glycol aids in decreasing the product’s viscosity, preventing other elements from jutting together. This is vital to maintain the even consistency of items so that an individual can smoothly and evenly smear them to their bodies.
Used as Stabilizer
Butylene glycol also serves as a stabilizer, stopping active ingredients and volatile compounds from trailing their aroma and flavor. Furthermore, it stops products from solidifying and drying out.
Serves as a preservative
Due to the MEA's established agricultural trade, underdeveloped pharmaceutical industry, and large oil and gas E&P operations, the chloromethane market has tremendous growth potential.
Derivative chemicals, including chloroform, methylene chloride, and carbon tetrachloride, are made using chloromethane as a chemical intermediary. Additionally, it is employed in the production of silicone.
One of the main drivers of the silicones demand, which is predicted to increase chloromethane demand over the next several years, will be the development of the electronics and automotives.
Additionally, it is anticipated that growing industrialization would increase the need for chloromethane derivatives, including methylene chloride, carbon tetrachloride, and chloroform.
Silicones are used in the building sector for structural glazing and weatherproofing. Additionally, they support preserving building energy efficiency, lowering material waste, extending building lifespan, and preserving in-shop productivity.
Consequently, it is anticipated that the use of chloromethane to produce construction-grade silicone will rise in the next ten years.
Types of Chloromethanes
• Methylene Chloride
In various industrial operations, methylene chloride is utilized in many diverse sectors, including producing paint removers, pharmaceuticals, paint strippers, and metal polishing and degreasing. Inhalation and skin contact are the most frequent ways of exposure to methylene chloride.
• Carbon Tetrachloride
Carbon tetrachloride, sometimes known as carbon tet, is an odorless, colorless liquid that is non-flammable. Before 1970, residential and commercial used carbon tet as a cleaning agent. The substance was employed as a grain fumigant up to 1986. The production of fuels and other commercial compounds still uses carbon tet.
• Methyl Chloride
Chemical processes that employ methyl chloride as an intermediate result in various items used in daily life. It may be produced by either the hydrochlorination of methanol or the radical chlorination of methane.
• Chloroform
Chloroform is a solvent or a chemical that aids in dissolving other compounds. It is also employed in manufacturing pesticides and films and the construction, paper, and board industries. It serves as a solvent for floor polishes, lacquers, resins, alkaloids, fats, adhesives, oils, and rubber.