The laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 4.1 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 6.9%. APAC is the largest laminating adhesives market that is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region.
Materials & Chemicals Market Research News
The global biofertilizers market was valued 2.8 billion in 2022 and is projected to reach USD 5.2 billion by 2028, growing at a CAGR of 10.9% during the study period. The market Size is estimated to be valued at USD 3.1 billion in 2023
Global Electrically Conductive Adhesives Market Size Was Valued at USD 2.27 Billion In 2022 And Is Projected to Reach USD 3.52 Billion By 2030, Growing at A CAGR of 16.2% From 2023 To 2030.
The underwater concrete market size is estimated to be USD 135.7 billion in 2023, and it is projected to reach USD 175.8 billion by 2028 at a CAGR of 5.3%. Underwater concrete is a form of concrete that is specifically created and utilized for construction or repair work beneath the water's surface. It is extensively utilized in marine and underwater applications such as bridges, piers, dams, tunnels, and offshore platforms.
The battery coating market is projected to grow from USD 329 million in 2022 to USD 658 million by 2027, at a CAGR of 14.9% from 2022 to 2027. The growth of the market is driven by the increasing demand for plug-in vehicles, smart devices, other consumer electronics, and rising demand for batteries in energy storage systems. The rising need for sustainable and high-performance batteries has led to innovations and technological advances in battery materials, providing opportunities for the further growth of the market.
The plastic antioxidants market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Antioxidants are stabilizing agents that inhibit the process of oxidation by reacting and decomposing the reactive species. They protect plastics and other materials against thermally induced oxidation. Antioxidants that are used in plastics include primary antioxidants and secondary antioxidants. Different types of antioxidants provide different levels of reactivity as a function of temperature and also react and decompose the different radical intermediates in the oxidation process, thereby providing thermal stability to plastics. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market.
The Global Hybrid Composites Market size is expected to grow from USD 763.89 Million in 2022 to USD 2369.47 Million by 2030, at a CAGR of 15.2 % during the forecast period (2023-2030).
The thermoplastic tapes composites market is projected to grow USD 2.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. During the forecast period, the global thermoplastic tapes market is expected to grow in the coming years, driven by the superior properties of thermoplastic tapes such as lightweight, excellent mechanical properties, corrosion and chemical resistance, high strength and more. The market is also expected to benefit from technological advancements in ceramic matrix composite manufacturing processes, making the material stronger, lighter, and more durable.
Antifreeze/coolants are used to ensure the transfer of heat under extreme cold weather conditions. It prevents engines from overheating. The functioning of an internal combustion engine generates a significant amount of heat and this heat has to be dealt with using a coolant. Antifreeze/coolant plays an extremely vital role in automobiles, HVAC, heavy-duty equipment, aircraft, and electronics, among others. It is used to cool engine parts and ensures workability and performance of engines & heat exchangers. It also prevents freezing when the engine is being used in extremely cold climate. The global antifreeze/coolant market size was valued at USD 5.4 billion in 2020 and is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.84%.
The UD tapes market is projected to grow from USD 194 million in 2021 to USD 332 million by 2026, at a CAGR of 11.4%, between 2021 and 2026. UD tapes are manufactured by unidirectional fiber impregnated with thermoset or thermoplastic resins. These tapes can be customized according to the specific end-use application. The demand for UD tapes is increasing in the aerospace & defense, automotive, and sports & leisure industries. The UD tapes market in the aerospace & defense industry is entirely dependent on the development of new aircraft and maintenance, repair, and operations (MRO).
- Ceramic Armor Market investigated in the latest research
- The Cranes Rental Market is estimated to reach USD 53.1 billion by 2024 according to a new research report
- Cast Elastomer Market to surpass US$ 1.66 billion by 2030 according to a new research report
- The global construction & demolition waste market size is estimated to grow from USD 26.6 billion
- High-Speed Separator Market set to surge to USD 1.5 billion by 2028 with a 5.3% CAGR according to a new research report