The Spray Adhesive Market was valued at US$3.816 billion in 2020 and is expected to grow at a CAGR of 7.51% to reach a market size of US$6.334 billion in 2027.
Spray adhesives are multipurpose adhesives that are applied to a surface from a pressurised container. As they withstand moisture and heat while establishing a solid, long-lasting bond, spray adhesives are appropriate for a variety of applications, including automotive, building and construction, leather and footwear, paper and packaging, and others. In addition to these, spray adhesive can also be used on carpets, foam, assembly lines, and plastics. The increased use of spray adhesive across a variety of end-user industries, with the most demand coming from sectors like construction, packaging, and automobiles and transportation, among others, is responsible for the market’s rapid growth. Additionally, the growing involvement of market participants in the form of partnerships and product launches to further spread the adoption of the spray adhesive and improve their market share is bolstering the market’s growth prospects during the course of the forecast period. The market is expected to be retained by the volatility of the raw material prices.
The growing packaging industry is expected to boost the Spray Adhesive market growth potential
The demand for spray adhesive is expected to rise as it is increasingly used in packaging materials like labels, tapes, and envelopes. Future growth in the market for spray adhesives is anticipated to be driven by rising consumer demand for hygienic food packaging. The demand for a wide range of consumer goods, including food and beverages, electronics, sanitary items, and personal care products, among others, is driving current changes in the packaging sector. Due to the growing disposable income of the middle-class and low-income population and their increased tendency to spend in developing nations like China, India, and Brazil, this demand is accelerating. In addition, the expansion of online retail outlets due to their attractive discounts and convenience is contributing to this growing demand. This is due to the rising sales of goods through e-commerce channels.
Furthermore, the e-commerce players’ aim to maximise their profits as well as acquire a competitive edge over their rivals is also responsible for this rising adoption. As a result, this component is boosting the market’s expansion during the forecasted period. Additionally, it is crucial to make sure that the quality and finish of the finished product depend on the adhesives in order to guarantee their efficacy in serving a variety of applications in different industries.
The market players are actively engaged in the market through investments and the introduction of new products with the goal of improving the efficacy and efficiency of spray adhesive products in order to address these issues. For instance, 3MSuper 77 Multipurpose Spray Adhesive can be used on plastic, cardboard, Bonds paper, insulation, fabric, metal, and wood, which are the materials generally used by the packaging industry.
Growing construction industry demands for spray adhesives
The main factor driving up demand for spray adhesives in the global market is the rapid expansion of the building and construction sectors, particularly in emerging economies. The product is used to glue fibreglass, drywall, plaster, and ceiling inserts. The construction industry is expanding globally as a result of rising disposable income and expanding government programmes to support residential construction and infrastructure development. One of the main factors boosting demand for spray adhesives for the construction sector will be the improved economic conditions in many regions of the world. For instance, the US Department of Commerce reports that the total value of buildings in the US—public and private—for both the residential and non-residential sectors has climbed from USD788,332 million in 2011 to USD1,303,469 million by 2019.
Spray adhesives are used in the construction industry for flooring, roofing, and insulation. In new and re-roof applications, spray adhesives may adhere a range of roof-building materials to many different roof substrates. Additionally, they can be used to bind board stocks with one another. Spray adhesives are used in flooring applications to attach rubber floor tiles, carpets, and carpet tiles to the floor. Spray adhesives are used in the application of insulation to join insulation materials like expanded polystyrene foam, fibreglass, and extruded polystyrene foam. For instance, 3M launched Hi-Strength 90 Spray Adhesive in April 2021. Spray adhesive has been proven to be effective for both big and small projects, from construction to crafts. It also offers professional and industrial strength for demanding applications.
Additionally, as more green buildings are constructed, there is a growth in demand for water-based spray adhesives because they are environmentally benign and contain little to no volatile organic compounds (VOCs). These factors are expected to boost the demand for spray adhesives in the construction industry.
Asia-Pacific is expected to hold a major share due to increased automobile production and construction activities
In 2020, the Asia-Pacific region accounted for a sizeable portion of the global spray adhesives market, and it is anticipated that it will continue to expand at a healthy rate over the coming years. This expansion is linked to the existence of significant market participants as well as the region’s well-established steel sector. Due to rising demand from numerous applications, including building and construction, automotive, paper, and packaging, Asia-Pacific is anticipated to grow at the quickest rate during the forecast period. Because of a growth in auto sales and manufacturing, demand for spray adhesive is anticipated to expand in developing nations like Vietnam, China, and India.
Due to the rising automotive and construction sectors in developing nations like China and India, the spray adhesive market in the Asia-Pacific region is predicted to experience exponential expansion. For instance, as per the International Organization of Motor Vehicle Manufacturers, the number of automobiles produced in India went from 3,898.425 million in 2013 to 5,174.645 million in 2018. Furthermore, the easy accessibility of raw materials, the comparatively low cost of labour, and the use of innovative development methods by the leading players are contributing to the expansion of the regional market.
Highly Volatile raw material prices and adverse environmental impact to restrain the growth of Spray Adhesive market
The cost of raw materials used to produce spray adhesives is being impacted by the rising price of crude oil in the global market. Prices for adhesive raw materials are more affected by fluctuations in supply and demand across the supply chain. In addition, the cost of basic intermediates and chemicals has increased dramatically, and there is a high demand worldwide and a restricted supply of raw ingredients for adhesives. Due to a lack of shipping containers, logistics costs have skyrocketed, and firms constantly deal with supply chain issues. These elements are hindering the worldwide spray adhesives market’s revenue growth and adversely hurting manufacturers’ profitability. Considering epoxy resin is a petroleum derivative, it is frequently employed in the industry and its costs are quite volatile. Along with problems with price instability, solvent-based adhesives’ high VOC emissions are impeding market expansion.
Spray Adhesive Market Scope:
| Report Metric |
Details |
| Market Size Value in 2020 |
US$3.816 billion |
| Market Size Value in 2027 |
US$6.334 billion |
| Growth Rate |
CAGR of 7.51% from 2020 to 2027 |
| Base Year |
2020 |
| Forecast Period |
2022–2027 |
| Forecast Unit (Value) |
USD Billion |
| Segments Covered |
Type, End User, And Geography |
| Regions Covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered |
Phillips MFG, Asbury Carbons, GrafTech International, Mitsubishi Chemical Corporation, SojitzJECT Corporation, Indian Oil Corporation, 3M, Sumitomo Corporation, Open Corporation |
| Customization Scope |
Free report customization with purchase |
Membrane Bioreactor Market: Wastewater Treatment for the Future
Thought ArticlesThe Membrane Bioreactor Market size is projected to grow at a CAGR of 8.54% to reach US$4.750 billion in 2026 from US$2.676 billion in 2019.
It has been observed a powerful rate in recent years and is forecast to exhibit fruitfully within the years to come back.
The term ‘membrane bioreactor’ (MBR) refers to wastewater treatment procedures in which a perm-selective membrane, such as microfiltration or ultrafiltration, is combined with a biological process, especially a suspended growth bioreactor. The rising need for water treatment solutions throughout the world is driving the market. This can be due to diminishing freshwater supplies and a constantly rising demand from the residential sector for chemical-free and clean drinking water. Furthermore, growing environmental concerns about effective sanitation and wastewater disposal are boosting market expansion.
The amount of wastewater produced in residential, commercial, and industrial complexes has increased significantly, and it is now treated by MBRs. In addition, the formation of submerged MBRs is functioning as a growth stimulant. These systems are low-cost and energy-efficient, as well as small and lightweight, and may generate tangential liquid flow around the membranes by aeration. Aside from that, the growing use of environmentally friendly water and wastewater management technologies in sectors such as chemical, pharmaceutical, power, food & beverage, and textile is fuelling market expansion. Other factors, including growing industrialization and the implementation of favourable government regulations for upgrading the existing wastewater treatment facilities with MBRs, are anticipated to push the market further. To strengthen their portfolio of high-purity water systems, Evoqua Water Technologies LLC, an industry leader in mission-critical water treatment solutions, acquired privately held Water Consulting Specialists, Inc., a leader in the design, manufacturing, and service of industrial high-purity water treatment systems, in April 2021.
However, the starting expenditures of MBRs are quite costly, which may limit market growth in the long term. Furthermore, operational expenses are high, which may stifle market expansion throughout the projection period. When contemplating MBR technology, there are a lot of financial variables to consider, as well as other factors to consider. Capital cost (CAPEX), operational cost (OPEX), overall cost or carbon footprint, size, robustness and residuals, and environmental effect are some of these. The energy demand and membrane replacement are the two most important components of operational cost (ignoring labour). The cost of chemicals is usually rather low. The primary sources of energy demand are aeration and sludge transfers, with permeate generation requiring energy to varying degrees depending on the MBR process design.
The Surging Use of Membrane Bioreactors in Wastewater Treatment and Growing Government Initiatives Is Estimated to Account For the Growth of Membrane Bioreactor (MBR) Market
During the forecast period, the growing demand for upgrading existing wastewater treatment facilities that have reached capacity is projected to boost the membrane bioreactors market. Membrane bioreactors are used to achieve bacterial digestion of waste organic matter and easy separation of the treated effluent from remaining suspended particles. Furthermore, favourable government efforts relating to improved wastewater treatment techniques are boosting the membrane bioreactor market. Membrane bioreactors are rapidly becoming the best available technology for wastewater treatment, as they can run at considerably greater solids concentrations than traditional activated sludge plants. Membrane bioreactors have become popular as a result of stringent government laws and regulations governing the disposal of industrial effluent. The use of membrane bioreactors is increasing as worries about industrial wastewater disposal grow. Membrane bioreactors are increasingly being used in the industrial sector to treat industrial wastes since they can work at high sludge concentrations. Furthermore, the rising population and diminishing freshwater supplies in developing economies are boosting membrane bioreactor use in a variety of countries. The demand for membrane bioreactors has grown as the cost of conventional water treatment procedures has increased, as they are deemed economically feasible for municipal wastewater treatment.
North America and Asia Pacific Region Fuelled the Membrane Bioreactor (MBR) Market
Based on Regions, the market for membrane bioreactor (MBR) is metameric into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2019, Europe emerged united of the leading regions; though, the market within the Asia-Pacific region is anticipated to develop at a fast rate as compared to different regions. Europe is additionally anticipated to exhibit the highest rate / CAGR over the forecast amount 2019-2026. Factors like particular government restrictions as well as geographical factors such as land availability, licence objectives, and subterranean aqua systems, Europe leads the membrane bioreactor (MBR) systems market.
The growth of the Asia-Pacific market is calculable to be fuelled owing to the region’s growing population is increasing demand for clean drinking water, putting pressure on water reuse and recycling. The need for water treatment is projected to rise as a result of water recycling and reuse, which is expected to boost the MBR market in the area. In the next years, the region’s membrane bioreactor market is projected to benefit from a shift in focus toward the building of centralised sewage treatment plants (STPs) and effluent treatment plants (ETPs), as well as increased urbanisation and population. Furthermore, the majority of regions sewage pipes have not been modernised or advanced in terms of wastewater treatment technology, resulting in inadequate treated wastewater quality. As a result, there is a need to update the regions wastewater treatment infrastructure, which is expected to drive the use of membrane bioreactor technology in the Asia Pacific region throughout the forecast period.
COVID-19 Situation
Lockdown measures are being implemented in a number of nations, causing manufacturing to be disrupted. In addition, there have been supply chain disruptions and delays in the operations of enterprises. Trade barriers have restrained the stock. The COVID-19 impact on the membrane bioreactor (MBR) market has been severely affected due to the uncertainty in the recovery timeline, the implantation of lockdown in various countries has had a negative impact on the production activities. The investments made in these sectors have been put on hold due to the pandemic across various counties and is expected to be postponed for at least a year. The partial operation of distribution centers and manufacturing unit have cause delays is new orders of membrane bioreactor (MBR). The worldwide demand of membrane bioreactor (MBR) have also been restricted which has hampered the market. The temporary lockdown and the shutting of manufacturing and production units has had an adverse effect on the industrial sector which in turn has affected the growth of membrane bioreactor (MBR) in the global market.
Membrane Bioreactor (MBR) Market Scope:
Importance of Embolic Protection Devices in Preventing Surgical Complications
Thought ArticlesThe embolic protection devices market is expected to grow at a compound annual growth rate of 7.63% over the forecast period to reach a market size of US$1,278.309 million in 2026 from US$764.000 million in 2019.
Embolic protection devices (EPDs) have the potential to lower clinical complications by preventing or reducing plaque particles from reaching the distal bed. An embolism is a particle of material called an embolus that lodges on the inside of a blood artery and causes a blockage. It can take the shape of a blood clot, a fat globule, an air bubble, or a foreign substance. The embolism can occur after surgery as a result of any injury to the walls, resulting in the development of clots in that location. The removal of these plaques and debris is critical because they can develop blockages, which can be fatal. When it is not monitored, it produces microinfarcts and left ventricular dysfunction. The use of EDP during percutaneous cardiac procedures has helped in reducing the number of complications due to debris being released into the bloodstream and causing blockages in smaller vessels. The devices are intended to collect and remove particles that may become dislodged during operations.
These devices are regarded to be a part of the most dependable, evidence-based method for minimising periprocedural myocardial infarction and other severe cardiovascular events. This process is always accompanied by imaging systems to determine that the gadget is positioned correctly. These gadgets are, without a doubt, a crucial component of the operation, according to experts. There is currently some evidence that using embolic protection devices during carotid and saphenous vein transplant procedures decreases peri-procedural complication rates considerably. Furthermore, studies from single-center clinical series in native coronary arteries and renal arteries reveal that using embolic protection may enhance the safety of these operations. However, large randomised studies are required to statistically establish the therapeutic use of these devices, owing to the significantly low complication rates of these procedures even without the use of embolic protection devices.
Rising incidences of cardiovascular, peripheral, and neurovascular surgery, as well as substantial expenditures in embolic device R&D, are the primary drivers driving market development. The rising prevalence of Transcatheter Aortic Valve Replacement (TAVR) procedures, as well as growing customer awareness of embolic devices, are both driving market expansion. Furthermore, The alarming spike in the number of deaths has caught the government’s attention, and as a result, more awareness initiatives are being implemented. This aspect is also helping to drive market growth.
Increasing Prevalence of Cardiovascular Diseases and Growing Awareness Towards Them
According to the Brain Aneurysm Foundation (BAF), an estimated 6.5 million people in the United States have an unruptured brain aneurysm each year, or one in every 50 people. The yearly rate of rupture is between 8 and 10 per 100,000 individuals. Furthermore, both the World Heart Federation (WHF) and World Health Organisation (WHO) report that cardiovascular disease is the number one cause of death globally, accounting for nearly 17 million deaths per year. According to World Population Prospects 2019 (United Nations, 2019), by 2050, one in every six persons worldwide will be over the age of 65, up from one in every eleven in 2019.
EPDs play a critical role in minimising complications caused by clogs in blood arteries caused by debris in the circulation. They are an integral element of the most dependable, evidence-based technique for minimising periprocedural MI and other severe cardiovascular events. Consequently, increasing the application of embolic protection devices to collect and remove debris that may be extricated during surgeries is one of the factors that will propel the embolic protection devices market forward in the coming years.
Furthermore, government agencies, non-governmental organisations (NGOs), and educational institutions from all over the world are conducting awareness campaigns to raise knowledge of cardiovascular and neurovascular illnesses and their potential treatments.
However, the availability of alternative treatments, such as drugs and medicines, as well as the high cost of medical equipment, may hamper market expansion.
The Introduction of New Products Will Contribute to the Market Growth During the Projected Period
Keystone Heart Ltd., a Venus Medtech Company, disclosed that it would perform the first international commercial case using The TriGUARD 3TM Cerebral Embolic Protection Device in October 2020. The TriGUARD 3 Cerebral Embolic Protection (CEP) Device had received the European CE Mark. It is built and designed in such a manner that it minimizes the danger of cerebral injury by diverting embolic particles away from the brain. During Transcatheter Aortic Valve Implantation (TAVI) and other surgical transcatheter cardiac operations, this is carried out from cerebral circulation.
Cardiovascular Systems, Inc., a medical device company developing and commercialising innovative interventional treatment systems for patients with peripheral and coronary artery disease, announced in March 2021 that the WIRION® Embolic Protection System had been used on the first patients in the United States. WIRION is a distal embolic protection filter that captures thrombus and debris from all sorts of peripheral vascular intervention operations, including atherectomy. Embolic protection devices are generally used in arteries above the knee that have lengthy lesions, a high plaque burden, and inadequate runoff.
Furthermore in April 2021, Contego Medical, LLC, a leading developer of advanced cardiovascular devices, announced that the Neuroguard IEP® 3-in-1 Carotid Stent and Post-Dilation Balloon System with Integrated Embolic Protection (Neuroguard IEP System) have acquired CE Mark. The Neuroguard integrated embolic protection (IEP) device is designed to increase luminal diameter in patients with clinically severe carotid artery stenosis by capturing and removing embolic particles simultaneously during angioplasty and stenting. The European Community CE mark of approval was granted to the Neuroguard IEP System following research involving 67 patients with a one-year follow-up that revealed an overall success rate of 100%, with a stroke and mortality rate of 0% at 30 days.
The Influence of COVID-19 on the Market for Embolic Protection Devices
COVID-19 has a major influence on 2020 globally. With Covid-19 cases growing worldwide, there is growing concerned about a lack of vital life-saving equipment and other essential medical supplies to prevent the spread of this pandemic and give the best possible care to those who have been exposed to the virus. Furthermore, until a pharmacological treatment is found, ventilators serve as an important treatment option for COVID-19 patients who may require critical care. Furthermore, there is a pressing need to accelerate the production process for a wide range of test kits (antibody tests, self-administered, and others).
Embolic Protection Devices Market Scope:
The Impact of the E-commerce Industry on the Smart Vending Machine Market
BlogThe global smart vending machines market is expected to grow at a CAGR of 13.30% from a market value of US$4.807 billion in 2020 to reach up to US$11.522 billion in 2027.
A vending machine is a machine that dispenses things kept within it in return for cash or tokens placed within. A complex vending machine that not only serves products but also interacts with consumers through the touchscreen, video, music, hand motion engagement, and cashless payment is known as an intelligent vending machine. Typically, smart vending machines deliver packaged food, drinks, and tobacco items. Furthermore, the increasing global e-commerce sector in addition to the rise of cashless and contactless payment methods by several companies will boost the market share in the upcoming years.
The global smart vending machine market is growing due to the increased need for cashless transactions, fast digitalization, increased reliance on ATMs, and global internet penetration.
Additionally, the increased usage of the Internet of Things (IoT) and smart device technologies is expected to drive the growth of the smart vending machines market during the estimated period. Consumers’ increased use of contactless and cashless payments for food and beverage transactions is driving industry expansion. The latest technologies, such as contactless mobile payments, face and voice recognition, Near-field communication (NFC), and government controls to display nutrition information and product warning, is expected to positively impact the intelligent vending machines market size over the forecast period.
Companies have taken the initiative to expand their operations along with enhancing their product offerings which are projected to be beneficial for the market trend
The implementation of innovative product launches along with the expansion of business operations will enable the market to explore international markets. The rising initiatives towards building enhanced productivity will generate market revenue in the long run. For instance, Asia Pioneer Entertainment, a Macau-based electronic gaming goods distributor, debuted a new business section in March 2021, with Smart Vending Machines deployed in various locations across Macau.
Additionally, the incorporation of digital payments will be beneficial for market growth. For instance, Co-op collaborated with Unilever in May 2021 to unveil a new smart ice cream vending machine in its Battersea Bridge Road shop in London. The machine is the UK’s first and only customer-smart ice cream vending machine, according to the business. The Walls-branded machine sells a variety of ice cream. Customers must tap their mobile on the vending machine “NFC” tag to purchase ice cream goods. Customers are then requested to confirm their payment method, which may include Apple Pay or Google Pay.
Moreover, Subway, a fast-food restaurant, introduced its vending machine in November 2022, taking its marketing to the next level. The firm opened its first “Grab and Go” location, which is stocked with pre-made sandwiches, beverages, and snacks. Subway’s Grab & Go smart vending machine is also known as a “smart fridge” since the foods offered there are refrigerated. Subway has chosen high-traffic areas for the installations, which will most likely be at hospitals, airports, and college campuses.
The increasing usage of cashless transactions in addition to the rise of the internet of things (IoT) will surge the market trend in the upcoming years.
According to the Ministry of Electronics and Information Technology, 74.22 billion digital payment transactions were registered in 2021-22, up from 55.54 billion in 2020-21, representing a 33% increase. One of the primary reasons for UPI’s rapid development is the success of payment system players’ (PSPs’) marketing initiatives in acquiring clients. Another element driving UPI penetration is its compatibility, which has expanded its use beyond payments to merchants via PSPs, allowing UPI to surpass all other types of digital payments. Furthermore, the deployment of universal QR codes across all types of stores in the country has boosted transaction convenience. Due to the rise of such payment methods, the market for smart vending machines is anticipated to surge.
The government has taken several initiatives to introduce digital payment methods that have added value to market sales. For instance, in August 2021, Prime Minister Narendra Modi via the use of video conferencing unveiled e-RUPI, a new digital payment option. e-RUPI is a cashless and contactless digital payment platform. The Prime Minister’s Office (PMO) stated in a statement that several programs have been implemented over the years to guarantee that benefits reach their intended users in a targeted and leak-proof method, to minimize touchpoints between the administration and the beneficiary. The instrument functions as an e-voucher based on a QR code or SMS string given to recipients’ mobile phones.
Furthermore, in July 2021, Parimal Shah, a Tea Sommelier from a family of Tea growers, founded the Indian business Cherise India, which launched a variety of smart, IoT, and Android-based vending machines. Cherise’s extremely user-friendly smart vending kiosks have their own customized Cherise IoT dashboard and application for monitoring operations. The Cherise offers its customers access to the IoT vending platform, which delivers real-time information about customer consumption habits, inventory, and payment at the push of a button.
According to analysts, the North American region is expected to witness positive growth during the forecast period.
Based on geography, the global specialty enzymes market is divided into North America, South America, Europe, and the Asia Pacific. Geographically, North America is anticipated to hold a significant amount of market share. Organizations in the North American area have a lot of money and can easily afford to spend it on intelligent vending machines, which drives up demand in the region. Furthermore, higher utilization of mobile payments, advancements in communication technology, and quicker internet access, among other factors, all contributed to the expansion. For example, in January 2021, France-based Sodexo will purchase Accent Food Services, a fast-growing regional consumer services organization located in the United States. Sodexo intends to improve its takeaway, delivery, and convenience store concepts, as well as multi-channel products like self-service pantries, workplace refreshments, and smart vending machines, with this purchase.
Smart Vending Machine Market Scope:
Company Expansions and Product Offerings in the Safety Switches Market
BlogThe safety switches market is anticipated to grow at a CAGR of 7.25% to attain a market size of US$3,299.625 million by 2029, from US$2,021.924 million in 2022.
A safety switch is a device that instantly turns off the electrical supply to reduce the possibility of electricity-related fires, shock, injury, or death if a defect is detected. There are several sorts of safety switches, each with its function and level of protection. Additionally, technological advancement has increased the number of production units equipped with heavy machinery. The expanding economies of developing and emerging countries are offering chances for the establishment of new manufacturing facilities. As a result, the requirement for safety switches for use in manufacturing facilities is expected to rise throughout the forecast period. Because of technological advancements, the demand for heavy equipment manufacturing facilities is increasing. The booming economies of many emerging and developing nations are creating opportunities for the construction of new production facilities and industrial plants. As a result, the global demand for safety switches is booming. Furthermore, the demand for a safer working environment drives the demand for safety switches. These safety switches are critical for the safe and effective operation of hazardous locations including industrial facilities, offshore drilling, petrochemical and waste sewage treatment, paint studios, and toxic waste processing facilities. Therefore, all these factors will contribute to the development of the safety switch market segment in the upcoming years.
Due to the rise of the end-user industries, the market for safety switches will grow
The rising use of safety switches in sectors such as food and beverage, mining, and automotive is driving market expansion. Furthermore, the advent of energy-efficient and environmentally friendly systems is boosting sales of these switches. The expansion of numerous end-use sectors, including oil and gas, medical, chemical, food and beverage, and so on, is also positively impacting the need for safety switches. Other important reasons influencing the market include increased automation in dangerous industrial sectors, growing preference for non-contact gate switches, rising urbanization rates, technical developments and upgrades, and so on. The requirement and flexibility of usage in a broad variety of applications, increased demand for safer equipment, downsizing of devices, and industrial safety regulations are the main drivers driving the expansion of the safety switches market. Personnel ranging from manufacturing workers to engineers operate on automated production equipment. This broad range and growing automation demand goods from a variety of end-user sectors such as food and beverage, petroleum and natural gas, healthcare, aerospace, and so on.
Furthermore, worker fatalities in commercial buildings or industries motivate the installation of safety switches.
The International Labor Organization (ILO) estimates that over 2.3 million people die each year as a result of occupational diseases or accidents, or over 6000 people every day. The market for safety switches will grow in the coming years as energy efficiency and power management needs rise across several industries, and the cost of active controller parts falls. Despite this, there is an increasing need for safety switches as a result of the growth and popularity of electric cars, which has resulted in the establishment of EV charging stations throughout the world. For instance, in June 2022, Eaton reinvests in the Triangle region of North Carolina to fulfill rising customer demand for sustainable data centers and EV charging infrastructure. This move enables Eaton to meet growing client demand for data center management technologies and EV charging infrastructure solutions.
Major Developments made by companies will surge the market’s future profitability
Several companies have launched new product range along with broadening their markets by entering collaborations that have significantly impacted the safety switch market. As a result of the company’s expanding operations and productivity, the implementation of safety switches will increase. For instance,
According to analysts, the North American region is expected to occupy a notable share of the market in the coming years.
Due to the rise of the automotive and manufacturing sectors in the Asia Pacific, the market for safety switches is anticipated to rise in the coming years. Furthermore, the developments made by the companies and the incorporation of safety switches into various product offerings will additionally boost the market’s profitability in the future. For instance, in September 2022, in Bengaluru, New Holland Agriculture, a brand of CNH Industrial, debuted the Blue Series SIMBA and its foray into the sub-30HP small tractor category. It has a neutral safety switch and a differential lock, which allow the tractor to be maneuvered safely and easily in any weather and on any terrain.
Safety Switches Market Scope:
Potentiometric Titration Technique – A Pressing Priority for High-Quality Output
BlogThe global potentiometric titration market is projected to grow at a CAGR of 6.21% during the forecast period.
Potentiometric titration is a method that is used to determine the concentration of a given chemical. The potentiometric titration technique is widely used in the pharmaceutical industry to analyze the final concentration of the medicines or characterizing acids. This technique uses an indicator electrode that can record the change of the potential of the added titrant of exactly known concentration. The potentiometric titration technique is considered one of the most consistent and robust techniques among the non-NMR methods. Additionally, this method was among the first methods used to investigate the speciation of heteropoly acids, which involves measuring the concentration of hydrogen ions in polyanion solutions as a function of the added acid or base. Furthermore, this process is used by the research and development labs in pharmaceuticals, petrochemicals, personal care, chemical, and food and beverage industries. Such extensive use of the Potentiometric titration techniques is likely to drive profits for the market players.
Analysts anticipate that the global potentiometric titration market will rise due to its widespread importance across different industry vertices.
The potentiometric titration method is the most common laboratory method which is widely used in the pharmaceutical industry. The method is commonly used as the weight percent assay for small-molecule active pharmaceutical ingredients (APIs), raw materials, and intermediates. Furthermore, this method is also applicable to determine the salt ratio and ionization state of a drug compound in the pharmaceutical industry. For example, this method can be used to determine the amount of sugar or sole in a particular product or drug. The titration technique used chemical analysis to determine the complete concentration in the final solution. On a wider basis, this is also a quality control process that is used in research and development labs, and for finished products in pharmaceuticals, petrochemicals, chemicals, etc.
Additionally, the potentiometric titration test results are vital to control variation and reduce the risk during the drug manufacturing process. Metrohm, one of the world’s most trusted high-precision instrument manufacturers addresses the importance of the potentiometric titration technique in the pharmaceutical sector. It mentions that among many other tests which are used to characterize a formulation, potentiometric titration is one of the most reliable, fastest, and most economical techniques. These significant benefits of using potentiometric titration techniques are expected to drive the market growth
Furthermore, cationic surfactants are used as disinfectants, bactericides, and also in the personal care industry. The rising demand for disinfectants in personal care and hygiene products has led to the misuse or overuse of these products. Consequently, this created a need to track down the use of cationic surfactants in these personal care products. The titration technique can determine the cationic surfactants’ contents. And thus, the potentiometric titration technique, which is new, fast, sensitive yet affordable has witnessed an increase in demand.
The varied opportunities for automation at every step of potentiometric titration have allowed the market to grow exponentially.
The rising research and development projects along with automation are aiding the growth of the global potentiometric titration market. The automation of the titration process allows it to opt for the different forms of dosage, analytes, and goals needed to ensure tight control of the raw materials used along with the quality of the finished pharmaceutical products with less human intervention. The reduced human intervention also improves accuracy and reduces the waste of time and materials that otherwise would have occurred due to human errors. It also allows increased throughput of the analytical lab. For instance, in 2019 Metrohm launched OMNIS titration which allows the users to consolidate all the titration applications on a single platform. The OMNIS titration enables the user to customize and automate its operations to ensure efficiency and safety. The modular design of this potentiometric titration device also allows the user to scale up the titration system to perform up to five parallel titrations. The company claims that this new OMNIs titration can save up to 60% of the time. Such technological advances and automation in the global potentiometric titration market are further escalating market growth.
Additionally, the researchers are focusing their efforts to develop a potentiometric titration device with sophisticated features like an easy-to-use interface, and diagnostic equipment that will allow going beyond the limits of currently available functions such as autonomous calculations, end-point detection, titrant dispensing, etc. thus, the increasing use of automation in potentiometric titration market in all given industries are supporting the growth of this market.
According to regional analysis, the potentiometric titration market in the Asia Pacific is expected to hold a significant share during the projected period.
The global probiotics market is segmented into five regions based on geography: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. Due to the rising pharmaceutical industries in developing nations such as India and China, the Asia Pacific region is expected to increase significantly during the forecast period. The rapidly growing population, rising disposable income, and increased awareness of health care along with personal are the key drivers of demand in this region. In addition, the higher production of titration equipment in countries like Japan is aiding the potentiometric titration market growth in the Asia Pacific. For example, Japanese companies like Kyoto Electronics Manufacturing (KEM) Co. Ltd., Japan Aqua Co. Ltd., and many more currently offer automatic potentiometric titrators in their product portfolio. Additionally, Europe and American subcontinents are also leading the race with high manufacturing units in these regions.
COVID-19 Insights
The pandemic had a significant impact on the global potentiometric titration market owing to the adverse impact of the restrictions. The predominant effect of pandemic-related import export disruptions in major end-user industries of potentiometric titration techniques such as personal care, chemical, packaging, etc. As a result of changing consumer preferences towards essential goods and services during the pandemic, the demand for personal care, chemical, and packing industries declined. Therefore, it significantly affected the use of the potentiometric titration technique in the mentioned industries. On the other hand, the increased operating powers of the healthcare, chemical, and medicine industries aided the growth of pharmaceutical industries post-pandemic, which is aiding the growth of the global potentiometric titration market.
Global Potentiometric Titration Market Scope:
Spray Adhesive Market Driven by Growing Construction and Packaging Industries
Thought ArticlesThe Spray Adhesive Market was valued at US$3.816 billion in 2020 and is expected to grow at a CAGR of 7.51% to reach a market size of US$6.334 billion in 2027.
Spray adhesives are multipurpose adhesives that are applied to a surface from a pressurised container. As they withstand moisture and heat while establishing a solid, long-lasting bond, spray adhesives are appropriate for a variety of applications, including automotive, building and construction, leather and footwear, paper and packaging, and others. In addition to these, spray adhesive can also be used on carpets, foam, assembly lines, and plastics. The increased use of spray adhesive across a variety of end-user industries, with the most demand coming from sectors like construction, packaging, and automobiles and transportation, among others, is responsible for the market’s rapid growth. Additionally, the growing involvement of market participants in the form of partnerships and product launches to further spread the adoption of the spray adhesive and improve their market share is bolstering the market’s growth prospects during the course of the forecast period. The market is expected to be retained by the volatility of the raw material prices.
The growing packaging industry is expected to boost the Spray Adhesive market growth potential
The demand for spray adhesive is expected to rise as it is increasingly used in packaging materials like labels, tapes, and envelopes. Future growth in the market for spray adhesives is anticipated to be driven by rising consumer demand for hygienic food packaging. The demand for a wide range of consumer goods, including food and beverages, electronics, sanitary items, and personal care products, among others, is driving current changes in the packaging sector. Due to the growing disposable income of the middle-class and low-income population and their increased tendency to spend in developing nations like China, India, and Brazil, this demand is accelerating. In addition, the expansion of online retail outlets due to their attractive discounts and convenience is contributing to this growing demand. This is due to the rising sales of goods through e-commerce channels.
Furthermore, the e-commerce players’ aim to maximise their profits as well as acquire a competitive edge over their rivals is also responsible for this rising adoption. As a result, this component is boosting the market’s expansion during the forecasted period. Additionally, it is crucial to make sure that the quality and finish of the finished product depend on the adhesives in order to guarantee their efficacy in serving a variety of applications in different industries.
The market players are actively engaged in the market through investments and the introduction of new products with the goal of improving the efficacy and efficiency of spray adhesive products in order to address these issues. For instance, 3MSuper 77 Multipurpose Spray Adhesive can be used on plastic, cardboard, Bonds paper, insulation, fabric, metal, and wood, which are the materials generally used by the packaging industry.
Growing construction industry demands for spray adhesives
The main factor driving up demand for spray adhesives in the global market is the rapid expansion of the building and construction sectors, particularly in emerging economies. The product is used to glue fibreglass, drywall, plaster, and ceiling inserts. The construction industry is expanding globally as a result of rising disposable income and expanding government programmes to support residential construction and infrastructure development. One of the main factors boosting demand for spray adhesives for the construction sector will be the improved economic conditions in many regions of the world. For instance, the US Department of Commerce reports that the total value of buildings in the US—public and private—for both the residential and non-residential sectors has climbed from USD788,332 million in 2011 to USD1,303,469 million by 2019.
Spray adhesives are used in the construction industry for flooring, roofing, and insulation. In new and re-roof applications, spray adhesives may adhere a range of roof-building materials to many different roof substrates. Additionally, they can be used to bind board stocks with one another. Spray adhesives are used in flooring applications to attach rubber floor tiles, carpets, and carpet tiles to the floor. Spray adhesives are used in the application of insulation to join insulation materials like expanded polystyrene foam, fibreglass, and extruded polystyrene foam. For instance, 3M launched Hi-Strength 90 Spray Adhesive in April 2021. Spray adhesive has been proven to be effective for both big and small projects, from construction to crafts. It also offers professional and industrial strength for demanding applications.
Additionally, as more green buildings are constructed, there is a growth in demand for water-based spray adhesives because they are environmentally benign and contain little to no volatile organic compounds (VOCs). These factors are expected to boost the demand for spray adhesives in the construction industry.
Asia-Pacific is expected to hold a major share due to increased automobile production and construction activities
In 2020, the Asia-Pacific region accounted for a sizeable portion of the global spray adhesives market, and it is anticipated that it will continue to expand at a healthy rate over the coming years. This expansion is linked to the existence of significant market participants as well as the region’s well-established steel sector. Due to rising demand from numerous applications, including building and construction, automotive, paper, and packaging, Asia-Pacific is anticipated to grow at the quickest rate during the forecast period. Because of a growth in auto sales and manufacturing, demand for spray adhesive is anticipated to expand in developing nations like Vietnam, China, and India.
Due to the rising automotive and construction sectors in developing nations like China and India, the spray adhesive market in the Asia-Pacific region is predicted to experience exponential expansion. For instance, as per the International Organization of Motor Vehicle Manufacturers, the number of automobiles produced in India went from 3,898.425 million in 2013 to 5,174.645 million in 2018. Furthermore, the easy accessibility of raw materials, the comparatively low cost of labour, and the use of innovative development methods by the leading players are contributing to the expansion of the regional market.
Highly Volatile raw material prices and adverse environmental impact to restrain the growth of Spray Adhesive market
The cost of raw materials used to produce spray adhesives is being impacted by the rising price of crude oil in the global market. Prices for adhesive raw materials are more affected by fluctuations in supply and demand across the supply chain. In addition, the cost of basic intermediates and chemicals has increased dramatically, and there is a high demand worldwide and a restricted supply of raw ingredients for adhesives. Due to a lack of shipping containers, logistics costs have skyrocketed, and firms constantly deal with supply chain issues. These elements are hindering the worldwide spray adhesives market’s revenue growth and adversely hurting manufacturers’ profitability. Considering epoxy resin is a petroleum derivative, it is frequently employed in the industry and its costs are quite volatile. Along with problems with price instability, solvent-based adhesives’ high VOC emissions are impeding market expansion.
Spray Adhesive Market Scope:
Structural Adhesives Comes in Handy for Product Manufacturers
BlogThe structural adhesives market is projected to grow at a CAGR of 4.47% during the forecast period to reach US$11.798 billion by 2027, from US$8.689 billion in 2020.
The structural adhesive is used to bond a joint and has the capability of holding two or more substrates together under stress. The failure of these joints could have disastrous effects on the product’s structure and functionality, making them the most crucial bonds in a product. A correctly applied structural adhesive should keep a product securely attached when it is subjected to vibration, shock, chemicals, temperature changes, or other forms of weakening or destructive agents within predetermined tolerance levels. These substances are capable of binding two or more surfaces together over the product’s lifespan. The structural adhesives can be subjected to stress, chemical exposure, heavy vibrations, temperature changes, and several other destructive forces. Furthermore, structural adhesives have several benefits over conventional fastening techniques, which include better stress distribution as the structural adhesives help in force disbursement over the bond line which creates a stronger assembly.
The growth of the structural adhesive market can be mainly attributed to the increasing adaptation in Automotive industry coupled with the benefits offered by structural adhesives.
The market is expanding due to the development of light commercial vehicles, cutting-edge passenger automobiles, and new aircraft with high consumption of composite materials. Furthermore, more uses of lightweight materials with high-performance benefits in automobiles are projected to drive the market. The market for adhesives and composites is rising despite severe competition from substitute materials, especially in applications that require high performance, weight savings, and other benefits including fuel efficiency. Moreover, the advantages of structural adhesives include easy joining of complicated shapes and cost-effectiveness due to reduced material costs, and process time. As a result, it is expected that the market for structural adhesives will experience significant growth during the forecast period.
Furthermore, the growing automotive industry is expected to propel the market for structural adhesives in the forthcoming years. Owing to the growing dependency on high and ultrahigh-strength steels and aluminum for body structures, notably used in bodies-in-white (BIW), to reduce weight without losing crash-mitigation strength. Moreover, these structural adhesives are available in varying chemistries and formats which can be used in multiple areas of vehicles. For instance, an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods, the 3M offers liquid structural adhesives as well as Structural adhesive tapes for clean, simple, and quick structural joining of BIW. The company claims that their 3M Structural Adhesive Tapes cure in standard e-coat ovens and expand to fill gaps, which allows the prevention of corrosion of all types.
The Epoxy structural adhesive will have a significant share during the study period
By Type, the structural adhesive market is divided into Epoxy, urethanes, acrylics, methyl methacrylate, and others. The segment’s growth is expected to be aided by the lucrative growth of epoxy during the forecast period. The growth of epoxy structural adhesives can be traced back to its high bonding strength in several end-use applications like aerospace, industrial, and automotive among others. Furthermore, epoxy-based structural adhesives are largely utilized in aluminum structures because they can withstand vibration. Moreover, the benefits of structural epoxy adhesives for automation applications are bolstering the growth of this market segment. The benefits include uniform stress distribution, larger stress-bearing, gap-filling, improved energy efficiency, and easy automatable applications among others. Furthermore, the end-user can also benefit from the low cost and increased productivity of epoxy adhesives for automotive applications. These numerous benefits of using epoxy structural adhesives are expected to propel the market for structural adhesives during the forecast period.
The structural adhesive market for the automotive segment is expected to grow at a significant rate during the anticipated period.
Based on industry verticals the market of structural adhesives is segmented into automotive, construction, energy and power, aerospace and defense, consumer electronics, and others. In order to make cars lighter, structural adhesives were launched as a low-volume substitute in the automotive sector. However, after realizing its potential, the auto industry began utilizing it for mass production. Moreover, it is anticipated that in the upcoming years, the use of composite materials will increase, there will be a need for environmentally safe, long-lasting, and non-hazardous structural adhesives, and there will be a demand for lightweight, low-emission vehicles and aircraft, all of which are anticipated to drive the demand for structural adhesives.
According to analysts, the Asia-Pacific region is expected to occupy the dominant share of the structural adhesive market in the upcoming years.
Based on Geography, the structural adhesive market is divided into North America, South America, Europe, and the Asia Pacific. According to analysts, the Asia-Pacific region holds the biggest market share. The market growth can be largely attributed to the increasing adaptation of adhesives in automotive technology and industrial manufacturing in this region. The global structural adhesive market share was dominated by the Asia-Pacific region. One of the biggest markets for structural adhesives worldwide is China. China’s Five-Year Plan, which was released in January 2022, projects that the country’s construction industry will rise by about 6% in 2022. To reduce waste and pollution from construction sites, China intends to promote the production of prefabricated structures. Moreover, the rapid industrial development and the growing manufacturing sectors, and an increase in the number of applications for structural adhesives are some major drivers of the market in the Asia-Pacific region. Other prominent sectors that use structural adhesives include the automotive and aerospace industries. OICA estimates that 4,399,112 automobiles were produced in 2021, a 30% increase over the 3,381,819 automobiles produced in 2020. Overall, over the course of the forecast period, all of these factors are anticipated to have an impact on the demand for structural adhesives in the Asia-Pacific region.
The North American region is expected to register the second higher growth in the structural adhesive market during the forecast period. Even though the markets in North America and Europe are mature, technical advancements in high-growth industries, such as sporting goods and medical applications, are anticipated to propel the market at a very high rate throughout the projected period.
Structural Adhesives Market Scope:
Beyond Limits: How Supercomputers are Transforming Science and Technology
BlogSupercomputers are a type of mechanical device that can be used in a wide range of real-life applications to solve complex problems that may take a huge time to solve by a normal device in very little time. These supercomputers consist of several CPUs or central processing units coupled with high-specification microprocessors that significantly improve the overall power and performance of these supercomputers to handle large quantities of data and solve complex problems quickly. These supercomputers are interconnected with a huge amount of other similar nodes that keep them updated about new data that has been added and if there are any changes in the current data stored at multiple nodes simultaneously.
These supercomputers were first created in the year 1960 by US scientists and researchers and this project was heavily funded by the US government. The main role of these supercomputers was to enhance the US military power using the benefits of these supercomputers. These supercomputers were used for running complex simulations and real-time problems faced by the military to enhance their weapons and strategy which can further improve their overall power and dominance.
There are other wide range of applications too in recent times for supercomputers such as the data-driven enterprises that need huge amounts of data to be handled across the globe and need advanced decision-making using that data to improve the business done by the use of these supercomputers. Also, some industries such as BFSI or defense need high computing power to enhance the efficiency and smooth functioning of these organizations.
Global Production Trends
The production of supercomputers has been steadily increasing over the years and the industry has been booming in recent times with its applications increasing in demand. For instance, factors such as rapid growth in data-driven industries such as Instagram and Facebook need a supercomputer to handle the large quantities of user data and make quick decisions based on evaluating that data daily. Also, the handling of large amounts of data that these enterprises rely on significantly not only requires high processing powers using multiple GPUs or CPUs but also, they need high-speed internet connectivity to efficiently communicate and handle the data accordingly. These factors have significantly contributed to growing supercomputer production globally.
In recent years, there has been a notable increase in the production of supercomputers in emerging economies that has increased urbanization in several countries across the globe coupled with technological advancements in cloud computing technology that require supercomputers with high speed and computing power to handle the large volume of data stored in cloud servers effectively.
These supercomputers have a diverse set of applications in end-user industries from military & defense to space and rocket research centers and can cater to all their needs according to their technology, for instance, the supercomputers used in space or rocket research centers like NASA or National Aeronautics and Space Administration these days comes with a wide variety of features according to the needs of the researcher. They use these supercomputers to conduct deep and thorough research on the different planets they send rockets and spaceships to analyze different resources and environmental conditions. Also, they build rockets in these organizations which is a very complex process, and need to run complex simulations on these supercomputers before the launch of these rockets to avoid any failures at the time of the actual launch.
The use of these supercomputers requires high-speed internet connectivity and with the significant growth made in the field of 5G technology in recent times which has significantly improved the bandwidth and speed of the internet globally has influenced the production of supercomputers.
Supercomputers use case
The use of supercomputers in different industry verticals is a huge trend in the market these days as different industries are switching over to more efficient options for smooth functioning and creating powerful and fast processing computers for enterprises to handle large amounts of data while making quick complex decisions using these high-power supercomputers for different industry verticals and making the day-to-day operation of these enterprises easy to operate and function smoothly.
These supercomputers are widely used in different industry verticals including several industries that are heavily data-driven and rely on deep analysis of the data using the supercomputers to gain useful insights. The weather forecast and climate predictions are one such example for these data-driven industries that use the supercomputers. These weather forecasters use these supercomputers to run complex weather condition simulations of different regions to recognize patterns and based on that data they predict long-term weather forecasts and reports.
Some other use cases for supercomputers include the use of them in different research centers like for educational and innovation purposes. These research centers include the theoretical physics research centers which use these supercomputers to run complex mathematical problems and equations to prove different theories that can innovate the future of physics and technology.
The use of these supercomputers is prominent in the field of aerodynamics which is used in a wide range of applications such as normal automobiles, race cars from Formula 1, airplanes, and others to run the simulations of these aerodynamic features that will be integrated into these mechanical devices which will further ensure the smooth and efficient working of these devices in the long-run. These aerodynamic features have very complex mathematical problems which are easily solved using these supercomputers.
Furthermore, the recent growth in the field of Artificial Intelligence has made a significant impact on the use of these supercomputers in the Artificial intelligence industry. The need for supercomputers for a wide range of artificial intelligence applications has significantly increased in recent times as they need high-speed and high-power computers to run complex problems and store large amounts of data for deep learning.
The growth in data has further led to the adoption of cloud technologies by these large enterprises that need supercomputers to manage and handle these large amounts of data efficiently. Thus, the growth in the adoption of cloud computing with growth in data will increase the use-case and demand for these supercomputers in the market. For instance, the estimated growth trajectory of public cloud end-user spending in India is expected to go from $5.6 billion in 2021 to $18.5 billion in 2026. This will significantly increase the demand for supercomputers.
Figure 1: Estimated Growth of Public Cloud End-user Spending in India, From 2021-26 (In Billion Dollars)
Source: ibef.org
Market Dynamics and Drivers
Several factors drive the supercomputer market, including a rise in applications for them across different industrial applications like artificial intelligence and theoretical physics research with complex mathematical problems in recent times coupled with the rise in demand for automobiles that use aerodynamic technologies to manufacture efficient vehicles in the industry. These automobile manufacturers use these supercomputers to run simulations of these aerodynamic features into the vehicle to check their efficiency and reliability over the years the vehicle will run on the roads.
The need for these supercomputers has seen a significant rise with the adoption of data-driven technologies like cloud computing by several enterprises that use these supercomputers to handle and manage huge volumes of data effectively in large enterprises. Thus, these factors are anticipated to propel growth in the supercomputer market over the forecast period.
The development and innovation in defense and security of different countries have made several governments across the globe heavily invest in supercomputers to enhance the overall cybersecurity of government useful data and military use cases for enhancing defense strategies and weapons using new and innovative supercomputers across the globe. This is one of the growth factors in the supercomputers market and the use of innovative supercomputers in the cybersecurity and defense industry is significantly impacting the demand for supercomputers in the market globally.
For instance, the expected growth of the Indian cybersecurity market is from $1.97 billion in the year 2019 to $3.05 billion in the year 2022. This growth in the cybersecurity market is expected to heavily influence the demand for supercomputers in the market.
Figure 2: Expected Growth in the Indian Cybersecurity Market, From the Year 2019-22 (In Billions of US Dollars)
Source: trade.gov
Key Developments
In conclusion, the supercomputer market presents significant opportunities for growth and innovation, driven by the increasing popularity of artificial intelligence around the globe. While facing challenges such as fluctuation in material costs that negatively affect various industry verticals and huge investments in research and development for new and innovative supercomputer solutions, the industry is poised to capitalize on technological advancements and innovations to meet the needs of a growing global demand for supercomputers.
Surge in Industrial Automation to Drive the Market for Automated Material Handling
Thought ArticlesThe automated material handling market is expected to grow at a CAGR of 7.17% from an initial value of US$28.769 billion in 2021 and is estimated to reach a market size of US$46.711 billion in 2028.
Computerized technologies that use robots in place of any human labour are known as automated material handling systems. They are employed to push, pull, store, lift, and retrieve goods and resources. This technology has the potential to revolutionise manufacturing facilities and warehouses in terms of productivity. Through various stages of a product’s life cycle, from production to delivery to clients or end users, automation and material handling are essential. By utilising cutting-edge equipment and technology, this material handling system shortens the transit period. The popularity and market growth of automated material handling has increased due to a number of significant factors, including rising labour costs and safety concerns, technological advancements, and an increase in the productivity and efficiency of manufacturing and warehouse operating companies. Furthermore, significant improvements in global manufacturing and growing industry demand for automation in emerging economies are expected to boost the demand for automated material handling.
Demand for automated storage and retrieval systems is increasing in the e-commerce sector
The phenomenal increase in online shoppers over recent years has resulted in a boom for the e-commerce sector. The rise in B2C sales is especially evident in the online sales of food, household items, and prescription drugs. However, the e-commerce sector’s rapid expansion has put immense pressure on businesses to find and deliver a vast quantity of goods within the allotted period. As a result, e-commerce companies have automated their operating facilities.
Automated technologies are increasingly being used by Amazon, Walmart, and other large retailers to carry out operations in a more reliable, accurate, efficient, and secure way. For instance, in January 2020, Amazon signed a contract with Baylo, a French robotic software company. The creation of ground-breaking robotic technologies for material handling vehicles gained value from this business arrangement. By enhancing Amazon’s warehouse material management, this strategic project streamlined the e-commerce industry. In addition, the expansion of the manufacturing industry is a significant factor in the market. Facility owners are focusing on providing and delivering goods to their customers at a faster, more affordable, and higher quality rate.
As a result, incorporating automated equipment enables more productive production cycles while reducing waste and operational expenses. For instance, In October 2022, Walmart agreed to acquire Alert Innovation, a robotics automation business. Over the past five years, Walmart and Alert have collaborated to modify Alert’s material-handling technology for use in Walmart’s market fulfilment centres. Walmart is bringing Alert’s skills in-house through the acquisition in order to scale its operations and deploy MFCs more quickly. Due to the thriving e-commerce industry, the market for automated material handling equipment is anticipated to expand rapidly over the coming years.
The rising trend of smart factories is expected to boost the demand for automated material handling
The material handling sector is expected to grow as smart factories become more popular. A digitalized factory, known as a “smart factory,” continuously gathers and shares data using networked equipment, machinery, and production systems. The decisions made based on this data are then used to enhance the processes and address any potential problems. In order to assess operational effectiveness and minimise waste, the complete material handling equipment production floor, including selecting, sorting, and conveying systems, needs monitoring at every stage of the market process. Such situations are made possible by smart factories that are connected to automated forklift truck market automated systems. Additionally, a number of user-friendly technologies, like data analytics and cloud connectivity, are integrated into material handling systems to enhance asset performance and deliver real-time actionable information. For instance, over 200 robots are assisting workers in Infineon’s Smart Factory in Dresden, which has a 92 percent automation rate. The manufactured wafers are transported automatically, and the smart factory is run by algorithms and centralised operating and monitoring systems.
The integration of automated systems, which are already present in facilities, also offers wireless remote control systems, which aid in improved diagnostics and speed up commissioning.Due to the aforementioned elements, the automated material handling equipment market is potentially expanding as smart factories and Industry 4.0 develop.
Asia-Pacific to hold a major share due to growing industrialization and supportive Government policies
The primary factors influencing the expansion of the Asia-Pacific regional segment include the region’s expanding industrialisation, rising e-commerce sales, and the significant presence of technology suppliers. As a result, many businesses are investing in R&D to develop innovative solutions and maintain their competitiveness. For instance, in June 2020, VisionNav Robotics successfully closed a B1 round of fundraising led by Lenovo Capital & Flyfot Ventures and totaling over CNY 100.00 million with the previous stakeholder, Eastern Bell Capital. The funding was used to increase R&D efforts to advance current visual control and perception technology. These events will accelerate the market growth for AMH.
Rising interest in warehouse automation, increased focus on robotics and automation by advanced economies like China and Japan, and the expansion of e-commerce are a few of the key drivers of Asia Pacific’s larger market share. The market for automated material handling equipment in Asia-Pacific is expanding as a result of the fast expansion of the automotive, e-commerce, food and beverage, and healthcare sectors in developing nations like China and Japan. Additionally, governments in the Asia-Pacific region are putting more of an emphasis on factory floor safety and security, which can be best achieved by implementing automated material handling technology. For instance, in July 2022, Smart Automation Grants (SAG) worth RM138.5 million were given to 238 companies by the Malaysian Investment Development Authority (MIDA). This is a specific incentive from MDEC intended to encourage businesses to digitally transform and automate their business processes. The funding will be used to support the creation and execution of initiatives that encourage the adoption of technologies to automate business processes.
High implementation Cost to restrain the growth of Advanced Material Handling market
The market for automated material handling solutions is being hindered by high implementation and switching costs. Businesses find it challenging to invest in AMH equipment due to the high total cost of ownership that is increased by deployment, software solutions, the use of intelligent sensors, after-sales services, and routine maintenance. SMEs are unable to completely automate their supply chain operations due to the large upfront expenses associated with deploying AMH equipment. Small businesses choose manual material handling procedures because they cannot afford automated technologies. Some major businesses reduce the upfront costs by leasing equipment, renting industrial trucks, or purchasing used equipment. The automated material handling equipment market’s growth is anticipated to be hampered by the high operational and maintenance expenses involved with these systems. Higher operational costs arise from the need to ensure smooth operations when using automation in the production process. The market’s overall growth may be impacted by the increasing tendency to rent out equipment as a result of rising capital costs.
Automated Material Handling Market Scope:
The Impact of Changing Trends on Carbonated Soft Drinks Market
BlogThe Global Carbonated Soft Drink market is expected to grow at a compound annual growth rate of 4.46% to reach a market size worth US$401.930 million by 2030. This market was valued at US$323.131 billion in 2025.
Carbonated beverages or fizzy drinks comprise dissolved carbon dioxide in carbonated water, along with a natural or artificial flavor and sweetener. Usually, fruit juice, high-fructose corn syrup, sugar, or sugar substitutes are used as sweeteners along with other additives such as preservatives, caffeine, colorings, and other excipients. These non-alcoholic effervescent beverages are usually popular among kids due to their high sugar content. With the changing times, soft drinks too have evolved to meet the changing aesthetics and tastes of the consumers. With the addition of various soft drinks like diet cokes and energy drinks has enabled the carbonated beverages to meet the multiple demands of various target groups. Increased adoption of the e-commerce business model and growing demand for diet cokes and similar drinks are expected to drive the market growth.
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According to analysts, the growing demand for the diet coke or zero-calorie carbonated beverages is expected to propel the market growth.
In the past few years, there has been an increasing health consciousness among people of all ages. With the growing number of chronic diseases, people are beginning to put emphasis on a healthy diet. Covid-19, in particular, had accelerated this transition. During the pandemic, the stress experienced by the people increased owing to several uncertainties. According to a study conducted by the American Psychological Association in 2020, for instance, 78 percent of the participants reportedly admitted that the pandemic had brought significant levels of stress in their day-to-day lives. The onset of health conditions associated with stress is prompting consumers to pick healthy food and beverages to enhance their mental and physical well-being. In response to this paradigm shift among consumers, the manufacturers are stepping up to meet their evolving needs. Consequently, the launch of diet coke instantly attracted the attention of many owing to the low calorie and sugar intake. These drinks use artificial sweeteners such as saccharin, aspartame, or cyclamates to sweeten the drinks as a substitute for sugar. Coca-Cola, the global leading beverages manufacturer, had rolled out a new and enhanced formula for its offering, ‘Coca-Cola Zero Sugar drink’. This strategic launch had reportedly helped the brand grow its volume by a double-digit figure in 2021. According to the company’s annual report 2021, this new formulation has helped the brand propel its sales in 80 percent of the market regions the product has been launched. Recently, in March 2022, Coca-Cola India launched this new offering in India, as well in line with its ‘Beverage for Life Strategy’. Similarly, in April 2021, Dr. Pepper launched the Dr. Pepper Zero Sugar series in 23 different appealing flavors.
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The increasing initiatives by various countries to decrease sugar intake in the diet are further adding impetus to market growth.
At the same time, the sugar reduction initiatives employed by multiple countries in order to offer consumers more options with smaller portion sizes and less sugar are further expected to supplement this trend. The ‘Balance Calorie Initiative’ launched by North America’s American Beverage Association aims to reduce the number of calories in beverages by 20 percent by 2025. According to the latest report released by the association in early 2022, the beverage calories consumed per person have been reduced by 10 percent, reaching halfway toward its goal. Furthermore, approximately 60 percent of beverages released as of today consist of zero or low sugar. Similarly, the Mexican Beverage Industry Association pledged to reduce the calorie content in its members’ product portfolio by 20 percent between 2018 to 2024. At the same time, the European Soft Drinks Industry too pledged to decrease the sugar additives in the beverages by an additional 10 percent by 2025 across all the countries under the European Union and the United Kingdom. This initiative represented the overall reduction of average added sugars by 33% and is an extension of its past milestones. Several popular beverage manufacturers like Coca-Cola, PepsiCo, and Bulldog Americas Cooperation, among many others, are actively participating in these organizations to offer better offerings to their consumers.
According to analysts, North America is expected to occupy the dominant share of the market in the upcoming years.
By geography, the global carbonated soft drink market is segmented into five regions: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. The dominant market share in North America is attributed to changing dietary habits and the increasing demand for healthy beverages. Furthermore, the increasing initiatives are taken by the companies and organizations, Balance Calorie Initiative, for instance, in North America as cited above, and the strategic developments deployed by several major brands are driving the market share. PepsiCo and Bally’s strategic partnership is a prime example of this. In October 2021, the duo entered into a partnership, wherein the latter named the former as the official beverage provider at its casinos and resorts across New Jersey. According to this collaboration, PepsiCo’s wide range of beverages portfolio, including carbonated soft drinks, energy drinks, and sparkling waters, among many others, will be supplied to more than 14 Bally’s properties spread across ten states. At the same time, Asia Pacific is expected to witness the fastest growth in the coming years for the carbonated soft drink market. The countries like India, China, and South Korea, among many others residing in the regions, are expected to occupy a dominant market share. Coca-Cola had reportedly witnessed high demand for reduced-sugar beverages in the region.
Analyze the Energy Drink Market
Carbonated soft drinks include energy drinks, a fast-growing segment. Explore our detailed report on the Energy Drink Market to uncover key trends and forecasts.
Covid-19 Insights
Covid-19 had a positive impact on the global carbonated soft drink market. Amid the pandemic, the increasing adoption and development of e-commerce played a crucial growth. During the initial period of the pandemic, the stockpiling of groceries and household necessities by consumers, including beverages, played a significant role in the expansion of market sales. Keurig Dr. Pepper, for instance, observed a 4.27 percent surge in the sales of carbonated soft drinks. Furthermore, the growing health and hygiene consciousness amid the pandemic further increased the demand for zero or fewer calorie drinks.
Global Carbonated Soft Drink Market Scope:
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