The global polypropylene packaging films market accounted for US$ 21.6 Bn in 2018 and is anticipated to grow to US$ 34.7 Bn growing at a CAGR of 6.1% during the forecast period from 2019 to 2027. Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector especially in developing regions are having a positive influence on the demand for polypropylene packaging films market.
The popularity and implementation of the green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect.
The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2019 to 2027, starting from US$ 1.26 Bn in 2018. The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2019 to 2027, starting from US$ 1.26 Bn in 2018.
The rising demand from the oil & gas industry to lower the losses incurred due to corrosion is driving the global cathodic protection market. Cathodic protection is a technique to control the corrosion of a metal surface by making it a cathode of an electrochemical cell. Corrosion can destroy the integrity of infrastructure and regular patching of the damaged area may be simple but is found to be less effective in the long run. Eventual repairing of the infrastructure may add-up to the cost of repairing. Further, cyclical repairs weaken the structure and may lead to a total replacement of infrastructure. Thereby, adding the burden of replacement and increase in repair time which results in loss of revenue to the companies.
The rapid development in the integration of the semiconductor industry has a high demand for silicon wafer, as a basic material for producing ICs. The exponential growth of consumer electronics products such as smartphones, tablets, and smart wearable are the end products where ICs are assembled. This industry has kept the demand high for silicon wafers. A silicon wafer is a thin slice of crystalline silicon that is majorly used in our electronics products. Its natural abundance and semiconductor properties like neither too strong conductor and nor strong insulator of electricity made it the preferred choice of the semiconductor industry; compare to its competitor semiconductors like germanium for making wafers.
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc.
3D printing in eyewear is gaining traction with increased adoption of additive manufacturing (AM) across various industry verticals. New trend of tailor-made eyewear that are comfortable to customer needs is expected to boom the market size in coming decade. 3D printing technology can be used to manufacture complex shapes that cannot be produced with conventional manufacturing technologies. These factors are expected to drive the market in near future.
Globally, the electronic shelf label (ESL) market is expected to grow with a CAGR of 16.8% during the forecast period from 2019 to 2027, starting from US$ 450.5 mn in 2018. The market is propelled by the growing adoption of the automation across the retail sector. The retail sector is going through a phase of digital disruption. The emergence of the online shopping portals has led to the intensive competitive war among the retailers. Therefore, to gain compete with the online retailers, offline retailers are leveraging on the advance technology solution and automating their operations to enhance the business performance and gain efficiency.
The industrial filters market is expected to reach US$ 5.03 Bn in 2027, growing at a CAGR of 6.09% during the forecast period from 2019 to 2027. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery.
Globally, the ring pull cap market is expected to grow with a CAGR of 5.1% during the forecast period from 2019 to 2027, starting from US$ 315.2 Mn in 2018. The growth of the market is driven by the growing demand for the ring pull caps market. As the market dynamics are changing and consumer is becoming more empowered, the packaging industry is also responding to meet the consumer requirements. The consumers’ lifestyle is changing and they are seeking convenience in daily use products.
Materials Market Research Reports
The materials market has undergone rapid expansion and it includes a collection of materials used in different diversified industries such as construction industry, textile industry, glass trade, chemical industry and wood trade. Each of these businesses consists of various other categories of materials which finds its applications in particular processes and products.
The materials market needs to be highly receptive to any changes in customer demand or changes in business cycles or changes in product demand. This makes it necessary for the top market players in the materials market industry to keep in touch with latest industry trends if they want to reap maximum benefits from the present evolving materials business industry. Regulatory instructions is yet another major aspect that restraints the growth of a particular section of market within the materials industry although it opens new business opportunities for the new entrepreneurs of the business industry. Any variation in supply and demand of materials could have a greater impact on the materials market in more than one way.
The materials market industry consists of many axillary sectors like curing, fastening, coating, processing, plating, grinding, polishing, combining and finishing. Many of the materials, be it plastics, metals, glass, textiles, wood, ceramics or composites require to undergo one or more of these above described functions. Ancillary sectors are also required to emerge along with the dynamic transiting nature & scope of the main materials business which consists of both advanced materials as well as basic materials.
