Monday, 24 August 2020

Benzene Market 2026 Industry Analysis, Segments, Top Key Players, Drivers and Trends 2026


The global Benzene Market is anticipated to reach USD 111.1 billion by 2026 according to a new study published by Polaris Market Research. Benzene is an aromatic hydrocarbon and a commodity petrochemical product. It is produced as by-product in stream crackers and refineries, thus its supply and demand is driven by other products derived from it. Benzene is a basic chemical and a building block for many other chemical synthesis of the global chemical and petrochemical value chain.
                          
Benzene is used in a broad range of economic sectors such as electrical & electronics, construction, consumer products, transportation, and medical. This petrochemical product has many derivatives such as ethyl benzene, nitrobenzene, cumene, cyclohexane, alkyl benzene, chlorobenzene, aniline, and phenol.


The rapidly growing industries such as packaging, construction, bulk chemicals & materials, automotive, textiles and building & construction have substantially driven the applications for the benzene derivatives globally influencing the benzene market growth. Rising population in tandem with the increase in disposable incomes has led to growth of many consumer products and bulk materials. Low cost of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.


Benzene is a petrochemical derivative and thus is subjected to price volatility. The fluctuations in the prices of crude oil directly affect the prices of the by-products derived from its hydrocarbon stream in refineries. The benzene industry is highly regulated in terms of policy frameworks as benzene is a toxic chemical where its highlevel exposure can lead to serious environmental implications.

Asia Pacific is the largest regional market for the benzene market due to high consumption in China. Despite a gradually slowing economy, China has witnessed all the additional benzene requirements in the past five years (2012-2017). The consumption has shifted from North America and Western Europe towards Asia and Middle East over the past decade.

                     
The diverse needs of a growing middle class in China, significant expansion in refinery capacities, large-scale p-xylene plants to feed the downstream petrochemical sector has majorly driven the benzene demand in the country. However, the performance of the China’s economy in the near future is expected to be a vital driver for benzene consumption. Albeit a slower pace, additional benzene capacities are expected to be on-stream by 2021, but just for the production of ethylene.

The global benzene market comprises of large number of international and domestic producers. Global benzene industry has witnessed a shift in competitive landscape towards closer proximity of the refineries. Some of the major benzene market players include Sinopec, BASF, China National Petroleum Corporation, Saudi Basic Industries Corporation, Dow DuPont, ExxonMobil Corporation, and Royal Dutch Shell plc.

Friday, 21 August 2020

Herbal Supplements Market Substantial Rise in Industrial Sectors to Offer Growth Prospects by 2026


The global Herbal Supplements Market size is anticipated to reach USD 137.3 billion by 2026 and is estimated to grow at a CAGR of 10.8% during 2018-2026 according to a new study published by Polaris Market Research. In 2017, the pharmaceutical segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global market revenues in 2017.

The obese and geriatric population is increasing worldwide, promoting the growth of the herbal supplements. The sedentary lifestyle, increasing use of functional foods, and growing consumer awareness regarding preventive health care boost the overall market growth. Increasing disposable incomes in developing countries, rising awareness about health benefits of herbal supplements, and rising health disorders propel the growth of the herbal supplements industry. Sedentary lifestyle of consumers leading to lifestyle diseases, and increasing disposable income drives herbal supplements market growth.



Health disorders such as diabetes, cardiovascular diseases, cancer and others have increased significantly in the developed economies in past few years. Increasing incidences of health disorders have resulted in increased awareness regarding healthy eating habits. Health and fitness consciousness has also increased among consumers in countries such as China and India due to improving lifestyle and changing food habits. Consumers are more aware regarding their nutritional intake, and benefits of herbal supplements, thereby accelerating the market growth for Herbal Supplements.

North America generated the highest market share in terms of revenue in 2017 and is expected to lead the global market throughout the forecast period. The increasing obese population, initiatives and funding by governments to promote health consciousness, and lifestyle changes primarily drive the growth of this market.  The number of memberships for health clubs and gyms has increased significantly promoting the growth of Herbal Supplements industry in the region. The increase in obesity related diseases such as diabetes and hypertension along with high disposable income of consumers further propel the adoption of herbal supplements.

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The well-known companies profiled in the Herbal Supplements report include Herbalife International of America, Inc., Ricola AG, Archer Daniels Midland Company, Nutraceutical International Corporation, Bio-Botanica Inc., Arizona Natural Products, Blackmores Ltd, The Himalaya Drug Company, Dr. Willmar Schwabe GmbH & Co. KG, and Rainbow Light Nutritional Systems. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Leading players in the Herbal Supplements industry are also taking initiatives to increase awareness among consumers through health subscription and other marketing campaigns. In October 2014, Herbalife launched a new range of herbal green tea, which is available in two flavors, original and pomegranate. This range of green tea contains lower calories and is free of artificial sweeteners, flavors, and colors.


Agrochemicals Market Substantial Rise in Industrial Sectors to Offer Growth Prospects by 2026

According to a new study Published Report The global agrochemicals market size was valued at USD 233.71 billion in 2018 is expected to reach USD 300.16 billion by 2026, growing at a CAGR of 3.1% during the forecast period, by Polaris Market Research The report “Agrochemicals Market Size, Share, Trends & Industry Analysis Report  [By Product (Fertilizers, Crop Protection Chemicals, Plant Growth Regulators); By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables); By Region]: Market size & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.


Agrochemicals are used in the agricultural farm for protecting crops and related applications. There exists a surplus demand for agricultural products. They protect crops from pest attacks and helps prevent farmers from running an insurmountable loss. The modes of agrochemicals which are pesticides, insecticides and fertilizers are heavily used in this context. Growing demand for pesticides and consumption of agrochemicals in liquid form are leading factors to growth of market.   
        
The consumer tastes are transient and preference for different types of food has led to increased food consumption and crop cultivation. This trend is all about different strata inhabited by economic, social, environmental and technological factors. An increase in disposable incomes, lasting urbanization specifically amongst middle income families and rapid globalization has spurred the increasing consumption of agricultural products and agrochemicals.

Government policy supporting copious production of agricultural products has been pushing industry growth resolutely. Developing countries are observant to higher output in agrochemical industry where government has strongly favored the industry. India has been benefitted by the policy supports to keep pace with markets as world’s most competitive agricultural produce nation. The supportive policies include National mission on food processing, development of seeds backed by 100% FDI under automatic route and promotional rationalization of tariffs. These policy aids have added impetus to growth.

The fertilizer segment is anticipated to display higher growth during forecast period. An increasing demand for a richer yield in a decreasing cultivable land, higher crop production and a keenness to keep fertility of soil intact drives growth.

  
The life style change that has changed distinct eating habits has seen strong growth in boosting demand for fertilizers and pesticides. Fertilizers and pesticides are agricultural components that derive a better crop yield, soil fertility and improved production cycles. Hence agricultural growth and agrochemical growth go hand in hand and robust growth is predicted for both.

China and India are strong exporters of agrochemicals to Latin America and other regions which are keen factors for growth in China and India agrochemicals market.

Technological Advancements have significantly impacted the industry growth. Advances in the pesticide formations have come off the shelves fast because of eco-friendly pest management practices that are the result of technical and material developments. A strict regulatory framework cuts down growth for all agrochemicals that are not environment friendly and may cause environment degradation.

Asia Pacific is the most thriving market for agricultural industry and agrochemicals as the region contains two of the most populous countries, China and India. Consumer spending is naturally quite high here. North America and Europe also drive growth during forecast period. The United States, Germany, France, China, India and Japan are among the most outstanding countries for agrochemicals market.

The global agrochemicals market is very competitive and consists of several integrated major players from raw material to distribution stages in the broad value chain.The total cultivable land has been downsizing and total crop area in 2010 which was 1.8 billion hectare has reduced to 1.3 billion hectare in 2017.

The global agrochemicals market is highly fragmented with key industrial players holding on to no less than single digit market shares. It is surmised that key players collectively hold between 15%-20% market share.


Acquisition’s and key collaborations are strategies that push market closer to sustainable high growth. For instance, Bayer AG completed the buy-out of U.S. based biological crop protection and chemical product manufacturing company Monsanto. The key industrial players include BASF, Bayer Crop Science, Dow Agrosciences, LIC, Agrium, Syngenta AG and Monsanto Company.

According to Polaris Market research, the overall agrochemicals market is segmented by products, applications and regions:

  • Agrochemicals Product Outlook (Revenue USD Millions 2015-2026)
    • Pesticides
      1. Organophosphates
      2. Bio-Pesticides
      3. Others
    • Fertilizers
      1. Nitrogenous
      2. Phosphatic
      3. Others
    • Agrochemicals Application Outlook (Revenue USD Millions 2015-2026)
      • Crop-Based
      • Non-Crop Based
    • Agrochemicals Regional Outlook (Revenue USD Millions 2015-2026)
      • North America
        1. U.S.
        2. Canada
      • Europe
        1. UK
        2. France
        3. Germany
      • Asia Pacific
        1. India
        2. China
        3. Japan
      • Latin America
        1. Mexico
        2. Brazil
      • MEA

For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/agrochemicals-market/speak-to-analyst

Halal Pharmaceuticals Market Substantial Rise in Industrial Sectors to Offer Growth Prospects by 2026


The global Halal Pharmaceuticals Market is anticipated to reach USD 34.82 billion by 2026 according to a new study published by Polaris Market Research.

The significant growth in the Halal Pharmaceuticals Market is primarily due to the rapid increase in the Muslim population, along with their improving disposable income. Increasing purchasing power and deepening belief in Shariah law together is responsible for creating a surge in demand for halal pharmaceuticals. Shariah law is derived from the Quran and is basically a collection of practices, words, habits, and silent approvals. As per the law, products containing the discharge of human beings or animals, and in direct or indirect contact with non-halal items. Moreover, it must not contain traces of things that are unfit for human consumption such as poison, and toxic elements.

The list of key companies that are operating in the Halal Pharmaceuticals Market includes Chemical Company of Malaysia Berhad, Rosemont Pharmaceuticals, Bosch Pharmaceuticals, Noor Vitamins, EMBIL Pharmaceutical Co., Ltd, Nutramedica Incorporated, PharmaniagaBhd, and SimporPharmaSdnBhd, among others.


Halal pharmaceuticals are expected to be prepared under a controlled environment to avoid any cross-contamination with non-halal utilities, materials, and ingredient. Extra care is taken in the manufacturing of these pharmaceuticals as no contamination will be tolerated. Rapid growth in demand has encouraged the Halal Pharmaceuticals Market players to actively indulge in activities that are aimed at or new product development.

Growing Muslim population is showcasing a high interest in halal pharmaceuticals and cosmetics. This can be attributed to the increasing consumer awareness about the deepening beliefs and growing knowledge that pharmaceuticals contain alcohol, porcine-by products, and their derivatives, among other non-halal contents or ingredients that are against Islamic beliefs.

The Halal Pharmaceuticals Market experience tough challenge in defining proper regulation and standards. Recently, American pharmaceuticals companies expressed their concerns over the guidelines by Malaysia’s Ministry of Health (MOH). These guidelines were focused towards defining the permissible items in pharmaceuticals in accordance with Islam. The concern was highlighted in the annual submission to the United States Trade Representative by the Pharmaceutical Researchers and Manufacturers of America (PhRMA).




The Halal Pharmaceuticals Market has been segregated based on drug class, type, end-use, and region. By drug class, the market has been divided into allergies, endocrine drugs, pain medications, respiratory drugs, and others. By type, the market has been bifurcated into capsule, syrup, and tablet. The industry experience high demand for end-use applications such as drugs, cosmetics, healthcare, and others.

The Middle East and the Asia Pacific regions Halal Pharmaceuticals Market are expected to witness significant growth in the next eight years due to the presence of a large population of Muslims. Majority of the Muslim population of the world lives in these regions, and they also comprise of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives, and Pakistan that have a high population that follows Islamic beliefs.



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Eye Tracking Market Major Manufacturers, Analysis, Industry Demand by Segmentation


The global Eye Tracking Market is anticipated to reach over USD 2,142 million by 2026 according to a new research published by Polaris Market Research. In 2017, the healthcare segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global eye tracking market revenue during the forecast period.

The increasing demand for a personalized experience on consumer devices has propelled the research for this technology and boosted eye tracking market growth. This technology is integrated with assistive communication devices to offer benefits related to eye trailing. The rising penetration of the eye tracking technology in sectors of aviation, automotive and entertainment has greatly influenced the market growth. The growing use of eye tracking technology in augmented reality and virtual reality applications is expected to accelerate the adoption during the forecast period. However, improved automation in vehicles, advanced artificial intelligence, and smart factories hamper eye tracking market growth. Factors such as development of eye tracking technology for interoperability, development of low-cost eye tracking solutions, growing use in lie detection and gaming applications, and growing demand for contactless biometrics solutions would offer growth opportunities during the forecast period.

  
North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand from retail and healthcare sectors drive the market growth. The growing applications of smart sensors and contactless biometric solutions has increased the demand for eye tracking solutions in the region. The growing penetration of mobile devices, and technological advancements further support market growth. The increasing applications in healthcare, and defense sectors in the region further promote market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for assistive communication and other applications in the healthcare sector.

The companies operating in the eye tracking market report include EyeTech Digital Systems, Inc., EyeTracking, Inc., LC Technologies, Inc., Mirametrix Inc., Tobii AB, Sensomotoric Instruments GmbH, Seeing Machines Ltd., Ergoneers GmbH, Gazepoint Research Inc., and Smart Eye AB. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Facades Market Substantial Rise in Industrial Sectors to Offer Growth Prospects by 2026


Global facades market is anticipated to reach USD 376 billion by 2026. According to a new report published by Polaris Market Research the Owing to the need to bring down the cost incurred in heating and cooling down the buildings, and for achieving power efficiency, the market for facades is gaining traction. Companies these days are also using composite materials which offer strength, and flexibility and can be used to give a good appearance to the buildings. All these factors are anticipated to drive the demand for facades and the market is expected to grow with a CAGR of 7.8% during the forecast period.  

There has been a substantial rise in the commercial buildings development such as malls, offices, multiplexes, technology parks, hotels etc. in countries such as India, China and Brazil. These commercial buildings demand energy efficient solutions which are cost effective and can reduce the overall cost for air conditioning and heating. Construction companies are installing facades to achieve this, thus achieving large cost cutting. This has pushed the market for facades significantly.   


Ventilated facades market has the largest market share owing to the factors such as heat ventilation and soundproofing. On the other hand, basic materials such as glass and aluminum are favored in the market due to availability, light weight and cost. Composite materials are also being adopted in the market and are expected to push the market during the forecast period. There has been an increasing demand in green buildings and structures and government from many countries are focusing on building these green structures. Facades are used by different construction companies to achieve these goals.
  
In the recent years, the worldwide facade market has displayed a huge development. Pushed by the rising interest for alternative energy sources through business and private infrastructure development, the market has grown at a high pace. This is attributable to the most recent technical progressions, which prompted the boost of power saving façade materials. As a result, the market is presumed to expand extensively as the infrastructure activities are seen to be developing at a vigorous pace. Asia Pacific region is anticipated to have the largest market share followed by Latin America. This is majorly due to growing economies in these regions. The market in the Middle East region is also gaining traction owing to harsh climatic conditions and large construction projects which are being carried out in this region. North America and Europe have a considerable market share owing to redevelopment projects. Implementation and adoption of smart cities and smart buildings globally has significantly pushed this market.


Key Findings from the study suggest the ventilated facade market is projected to witness a huge development during the forecast period due to benefits such as energy saving and rich ambience. The commercial application segment was the dominant section in 2017, and the facade demand is expected upon to increase over the coming years. Asia Pacific is estimated to dominate the global facades market over the forecast years and North America, Europe region shows signs of growth potential. Government activities towards infrastructure advancement and the ascent in development of business properties over the globe has supplemented to the development of the façade market.

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Monday, 17 August 2020

Polyvinyl Chloride Market 2020 Industry Growth, Competitive Analysis, Future Prospects and Forecast Polyvinyl Chloride Market Size, Development, Key Opportunity, Application & Forecast


The global polyvinyl chloride (PVC) market size is estimated to reach USD 108.12 billion by 2026, growing at a CAGR of 7.2% during the forecast period, according to a new study published by Polaris Market Research. The report “Polyvinyl Chloride (PVC) Market Share, Size, Trends & Industry Analysis Report [By Grade (Rigid PVC, Flexible PVC, and Others); By Application (Pipes & Fittings, Films & Sheets, Wire & Cables, Bottles, and Others); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare), By Regions] Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.

Polyvinyl Chloride is a vinyl chain polymer and retains its position among top three polymers, coming as it does after polyethylene and polypropylene as the largest produced synthetic commodity chemical. The global PVC market is mainly driven by its high demand in some of the high profile industries that includes electrical and electronics, building and construction, automotive, and packaging.


Polyvinylchloride has an amorphous structure with polar chlorine atoms and possesses fire retardant properties and oil/chemical resistance. PVC is identified with further properties such as being light-weight, having good mechanical strength, abrasion resistance and toughness associated with it. 

Polyvinyl chloride is presented in two grade types. The two grades belong to rigid and flexible and have diverse applications globally. The rigid polyvinyl application includes door and window frames, pipes, bottles and credit cards and other non-food packaging. Wires, cables, sheets, films, profile, pipes, fittings and sliding are applications that belong to flexible polyvinyl chloride.

An ever-increasing population in company with rising disposable incomes has led to proliferation of many end-user industries that raise the bar in consumption areas for polyvinyl chloride. A spurt in consumer electronics products unilaterally increases the demand for polyvinyl chloride in electronics industry. Light-weight and advanced automotive products have led to the steadfast growth of polyvinyl chloride.



Drivers to robust growth of polyvinyl chloride include jubilant building and construction sector, high demand for automotive components with a large market share in automobile industry and rising medical devices. Restraints for PVC Market include growing competition from steel and construction pipes and drawbacks in prohibition of PVC in construction of green building.

Technological in-roads are playing a decisive role in the thriving growth of PVC Industry. Modified PVC, PVC- M and PVC-O have come about because of technical prowess in PVC and are used across a wide application area. Controlling harmful emissions are yet another aspect of technical developments in PVC product. The reduction is equivalent to 99.45% reduction in lead additives and 90% in harmony with PVC Industry energy and Greenhouse Gas Emissions Charter.
  
Asia Pacific is the most prolific regional market for polyvinyl chloride and the regional demand rises from China, India, Vietnam and Indonesia and Thailand. China is the world’s largest importer of polyvinyl chloride and has a huge product base of polyvinyl chloride with massive investments thrown in.


U.S. and Europe are two exceedingly well-established markets for polyvinyl chloride. The United States is the largest exporter of PVC with offshore market presence coupled with economical shipping globally. Western Europe and U.S. are two global leaders with almost identical market size.

The key players in polyvinyl chloride include a spate of large multinationals and important regional players. The companies include China National Chemical Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Mexichem Sab de CV, Saudi Plastics Products Company Ltd., LG Chem, SABIC (Saudi Arabia Basic Industries Corporation) and Shin Etsu Chemical Co. Ltd.
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Smart Home Automation Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast 2026

The worldwide Smart Home Automation Market is anticipated to reach around USD 203.3 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the entertainment segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Home Automation market.

The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation.  Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for smart home automation market in the coming years.


The rising concerns regarding energy efficiency has increased the adoption of smart home automation. Smart home automation systems maintain the controls of home equipment to maximize energy efficiency. For instance, the thermostat uses a temperature threshold to govern the home’s heating and cooling system. They can also be programmed with different target temperatures to keep energy usage at a minimum.

In 2017, North America accounted for the highest share in the global smart home automation market. The primary factors driving the smart home automation market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the smart home automation market in North America. The increasing concerns regarding safety and access control, increasing development of smart cities, and growing adoption of connected devices and IoT further increase the demand of Smart Home Automation in the region.

The companies operating in the smart home automation markett include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers


LiDAR Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast 2026


The global LiDAR market size is expected to reach USD 2,154.2 million by 2026 according to a new study published by Polaris Market Research. The report “LiDAR Market Size, Share & Trends Analysis Report By Component; By Installation; By Range (Short Range LiDAR, Medium Range LiDAR, Long Range LiDAR); By Application (Urban Planning, ADAS & Driverless Cars, Corridor Mapping, Environment, Engineering, Exploration, Others); By Region, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In 2018, the corridor mapping segment dominated the global market in terms of revenue. Regionwise, North America is expected to be the leading contributor to market growth globally. LiDAR, which represents Light Detection and Ranging, is a remote detecting strategy that utilizes light as a pulse beat of laser to quantify ranges to the Earth. These light pulses joined with other information recorded by the airborne framework—create exact, three-dimensional data about the state of the Earth and its surface attributes.


A LiDAR instrument mainly comprises a laser, a scanner, and a particular GPS collector. Planes and helicopters are the most generally utilized stages for getting LIDAR information over wide territories. The developing requirement for 3D imaging from different parts and expanding selection of aerial LiDAR frameworks has supported the appropriation of LiDAR arrangements. Expanding government interests in defense, agriculture, and city arranging supports the selection of LiDAR. Furthermore, the expanding interests of LiDAR from mining and transportation ventures have upheld market development throughout the years. Expanding fund raising by sellers in technological pursuits combined with expanding improvement of self-sufficient vehicles and merging of cutting-edge safety systems in vehicles would hasten development of the LiDAR market. Developing interest from rising economies and technological headways are relied upon to give various development openings in the coming years.
  
North America created significant income in the market in 2018 and is relied upon to lead the worldwide market all through the forecast period. The development of modern mechanization and technological headways in metrological applications has quickened the selection rate of LiDAR innovation in North American area. In airborne applications, LiDAR innovation has displayed remarkable favorable circumstances over Radar technology, for example, improved precision, ongoing mapping capacity and better perception, accordingly, driving the LiDAR market in every one of the nations in North American area. Asia-Pacific is relied upon to develop at the most elevated CAGR during the forecast period attributable to developing interest from rising nations, for example, China, Japan, and India.


The rising interest for 3D images in different application regions, for example, military and defense, land studies, structural designing, and corridor mapping, is relied upon to fundamentally drive the market over the forecast period. Finished 3D imagery is connected in different applications, for example, 3D mapping, city planning and photo-realistic flights. The establishment base of cutting-edge safety highlights is expanding exponentially. Accident data recorder systems, liquor start interlocks, and emergency call systems are just a section n of the instances of advancements where a future interest is relied upon to stimulate the overall market.

The key players in the market include Trimble Navigation limited, Faro Technologies, Inc., Quantum Spatial Inc., Velodyne LiDAR Inc., Sick Ag, Teledyne Optech, Riegl Laser Measurement Systems, Leica Geosystems Inc., GeoDigital and Beijing Surestar Technology.

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Epoxy Adhesives Market Size, Development, Key Opportunity, Application & Forecast


The global Epoxy Adhesives market size is expected to reach USD 11,631 million by 2026 according to a new study by Polaris Market Research. Epoxy is increasingly being used as a structural adhesive across diverse industries. Epoxy adhesives offer high shear strength while bonding efficiently to a wide range of substrates such as wood, glass, and metal. These adhesives provide minimal shrinkage, superior thermal and chemical resistance, and cohesive strength. Epoxy adhesives can be altered and modified to deliver a wide range of properties and offer customized solutions in the market. Toughened epoxy adhesives are being used in automotive, construction, and aerospace industry owing to need for greater strength and chemical resistance.


The different types of epoxy adhesives include One-Component, and Two-Component. The demand for one-component epoxy adhesives is expected to increase significantly during the forecast period. One-component epoxy adhesives are cured at temperatures between 250-300°F, which offers superior adhesion properties, high strength, and greater environmental and chemical resistance. They are usually applied through trowel or extrusion by beads, and are capable of filling and sealing gaps between surfaces efficiently. Currently in the global Epoxy Adhesives industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications and develop advanced technologies.

Asia Pacific dominated the global market in 2019 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and growth in the automotive sector supports market growth in this region. Increasing applications in construction, defense and aerospace, and marine industries further increases the demand of epoxy adhesives in Asia-Pacific. Increasing demand for miniaturized and high performing electronics coupled with increasing awareness regarding adoption of electric vehicles fuels growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.


The market is characterized by established companies and large giants. Owing to technological advancements, and greater need to cater to customer requirements, companies are collaborating in order to strengthen market presence and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include DowDuPont, Sika AG, Huntsman Corporation, Ashland Inc., 3M Company, Lord Corporation, Illinois Tool Works Incorporation, Henkel AG, AdCo UK Limited, Benson Polymers Ltd, 3M Co., Adhesive Technologies Corp., H.B. Fuller, American Chemical Inc., DELO Industrial Adhesives, Collano Adhesives AG, and Alfa International Corporation among others.

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