According to the new market research report "Adhesives & Sealants Market by Adhesive Technology (Water-based, Solvent-based, Hot-Melt, Reactive & Others), Sealant Resin (Silicone, Polyurethane, Plastisol, Emulsion, Butyl, Polysulfide), Application, and Region - Global Forecasts to 2023", published by MarketsandMarkets™, the market is estimated at USD 56.59 billion in 2018 and is projected to reach USD 71.99 billion by 2023, at a CAGR of 4.93% between 2018 and 2023. The Adhesives & Sealants Market is driven by the growing trend of lightweight and low carbon emitting vehicles and increasing demand from the building & construction industry. Stringent environmental regulations in Europe and North America are restraining the market growth while the increasing demand for green adhesives offers opportunities to the manufacturers. Acceptance of adhesives and sealants in applications such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others is mainly driving the market growth.
The global Medical Plastics Market size is expected to value at USD 33.6 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for sterilized plastics form healthcare sector. Implementation and upgradation of infection prevention standards is one of the critical factors responsible for the growth of medical plastics industry of late.
According to the latest market report published by Transparency Market Research titled "Sterile Medical Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026."
Global Biodegradable Packaging Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Biodegradable packaging is a new trend of green living, also termed as environment friendly packaging. Biodegradable packaging comprises renewable resources that can be harvested directly from nature and can completely decompose with help of microorganisms. The packaging is a plant-based and does not harm the surrounding. Growing customer awareness regarding the benefits of biodegradable packaging and increasing concern towards environment are documented as major factors of Biodegradable Packaging Market that are estimated to enhance the growth in the years to come. However, dearth of government support in developed countries may restrain overall market growth in the coming years. Biodegradable Packaging Market is segmented based on type, product types, materials, application, and region. Synthetic and natural are the types that could be explored in Biodegradable Packaging in the forecast period.
Adoption of composite-grade HPPs could take the market past $3 billion by 2024, finds Frost & Sullivan
Frost & Sullivan's recent analysis of the High-Performance Plastics (HPPs) Market in Automotive and Aerospace Industries reveals that the ever-increasing need for lightweighting, engine downsizing, and vehicle electrification trends are expected to drive demand and adoption of HPPs in automotive and aerospace applications. Frost & Sullivan anticipates the automotive and aerospace HPP market to grow at a CAGR of 6.2% until 2024 and reach $3.05 billion.
According to a new market research report "Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum), Vehicle (ICE, Electric, and Hybrid) - Global Forecast to 2025", published by MarketsandMarkets™, the market for Automotive is expected to grow at a CAGR of 2.83%, by value, during the forecast period. The market is estimated to be USD 221.22 billion in 2018 and is projected to reach USD 269.01 billion by 2025.Thedriving factors for the Metal Forming Market for Automotive are growing vehicle production across the globe (particularly in Asia Oceania) and the increasing trend of vehicle lightweighting due to stringent emission norms.
The global prefilled syringes market size is expected to reach a value of USD 22.5 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 11.2% during the forecast years. Growing usage of prefilled syringes and technological advancements in auto-injectors are the key factors driving the market. Prefilled syringes are rapidly replacing traditional syringe-vial combinations due to advantages offered by them, such as increased patient safety and convenience for healthcare practitioners in dose preparation and delivery.