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How Will Cooling Appliance Demand Propel Insulation Market Growth?

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Factors such as the escalating demand for refrigerators and air conditioners, mounting infrastructure expenditure in developing countries, such as Brazil, China, India, and Russia, and increasing government support toward the installation of insulation systems in buildings are expected to drive the insulation market growth between 2018 and 2025. According to P&S Intelligence, the market will generate $101.3 billion revenue by 2025. Nowadays, governments of several countries are offering regulatory support to the installation of insulation products to improve energy efficiency.  The rising demand for air conditioners and refrigerators, on account of the soaring global temperature and the booming world population, is one of the major contributors to the market growth worldwide. The National Aeronautics and Space Administration estimates that the average surface temperature of the Earth has risen by 2.12 oF in 2020 since the late 19th century.  As per NASA, the years 2016 and 2020 ar

Burgeoning Demand for Packaging Materials Propelling Need for Extrusion Coatings

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The food and beverage industry is witnessing significant growth due to the rising population and awareness among people regarding their health. The health concerns of people are growing and they are constantly looking out for food items that are healthy . Moreover, the food and beverage industry is witnessing the development of low-calorie, sugar-free, lactose-free and gluten-free food products to cater to the demands of consumers. This is consequently pushing up the demand for extrusion coating materials as these materials play a crucial role in packaging applications owing to their ability to protect food items from various external environmental factors.  In addition, extrusion coating provides an aesthetic appeal to the foods and beverages, thereby making them more attractive and saleable. In addition to the food and beverage industries, there are many other industries, such as healthcare and personal care, which extensively use extrusion coatings. The increasing income of people a

Booming E-Commerce Industry Driving Pressure-Sensitive Adhesives Market

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The pressure-sensitive adhesives market is expected to reach $9,351.8 million by 2024 and demonstrate a CAGR of around 4% during 2019–2024. One of the most-significant factors pushing this market toward prosperity is the growth in the e-commerce industry across the globe. Moreover, due to the changing preferences of consumers and increasing purchasing power, the demand for packaging materials, such as paperboards, is rising. This is itself due to the booming e-commerce industry, the share of which in global retail sales is increasing every year. Lately, online sales of fast-moving consumer goods (FMCG), stationery products, and electronic goods have increased. FMCG products create a high demand for packaging, which has been steadily rising since the introduction of e-commerce. Hence, the rapid growth of the e-commerce industry across the globe is propelling the pressure-sensitive adhesives market by driving the demand for packaging. This is because governments mandate FMCG companies t

Why is Worldwide Demand for Conductive Polymers Soaring?

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The rising consumer preference of high-performance and lightweight electronic products is driving the demand for conductive polymers across the world. These polymers are extensively used in wearable and flexible electronics, cell phones, various flexible inorganic semiconductors, laptops, displays, and other gadgets. With the surging income of people in emerging economies, such as China, the use of conductive polymers in the manufacturing of lightweight electronic products will shoot up in the forthcoming years. Besides, the ballooning requirement for conductive polymers in the fields of healthcare, chip packaging, medicine production, electromagnetic interference (EMI), display material manufacturing, plastic transistors, sensors, electrical appliances, ultra-capacitors, and electrostatic discharge (ESD) is also expected to propel the progress of the conductive polymers market. Additionally, the burgeoning need for conductive polymers in the field of corrosion control coating, on acc

How Will Population Growth Propel Biodegradable Mulch Film Demand?

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According to the International Agricultural Trade Report 2021 released by the United States Department of Agriculture, the U.S., India, Canada, and Australia produced 376,000 tons, 1.1 million tons, 2.9 million tons, and 790,000 tons of lentils, respectively, in 2020. Furthermore, the Foreign Agricultural Service, Production, Supply and Distribution database reveals that the annual average rice production in China, India, Brazil, and Japan stood at 148,032,000 tons, 116,016,000 tons, 7,866,000 tons, and 7,711,000 tons , respectively, between 2016 and 2021.  Additionally, the USDA also estimates that 147,051,000 metric tons (MT) of barley were produced around the world in 2021. Moreover, the FAO states that 780 million tons of wheat were produced in 2021 worldwide. The surging yield of these food crops, on account of the booming global population, will, therefore, steer the biodegradable mulch film market growth in the foreseeable future. The UN forecasts that the global population wil

Why Are U.S. Pharma Companies Using Coding and Marking Systems?

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The U.S. is one of the largest producers of pharmaceutical products and also the country with among the most-stringent regulations implemented on this industry. As per the Food and Drug Administration (FDA), in 2019, the country was home to 28% of all the factories in the world producing active pharmaceutical ingredients. The FDA strictly regulates the research and development (R&D), production, clinical trials, marketing, and sale of pharmaceutical products. Companies are mandated to provide all the essential details of the drugs, including their key ingredients, manufacturing and expiry dates, batch number, and manufacturer information, on the packaging. Therefore, the U.S. coding and marking systems market has a bright future ahead, as per P&S Intelligence, as all the details on pharmaceutical packaging are printed by these machines. Similarly, the country is also home to a huge food and beverage industry, which is another major user of these machines. Coding and marking sy

Growing Need for Lower Carbon Emissions Driving Net Zero Energy Buildings Market

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The global net zero energy buildings market was valued at $896.6 million in 2018, and it is predicted to reach a revenue of $2,106.6 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 15.6% from 2019 to 2024 (forecast period). The market is being propelled by the surging adoption of the net zero energy building concept, especially in the commercial sector of North America. In addition, the launch of energy efficiency plans by the governments of several countries is also fueling the expansion of the market across the globe. Many governments have launched initiatives in recent years to mitigate the use of non-renewable energy sources and encourage the adoption of renewable energy sources at a bigger scale. For example, the California Long-Term Energy Efficiency Strategy Plan was launched by the California Public Utilities Commission (CPUC) to ensure that all new commercial buildings and residential buil