Advanced Wound Care Market to Grow due to Rising Incidence of Diabetes

 The number of burn cases across the globe is rising rapidly. For example, about 180,000 deaths occur due to burns every year, and majority of these cases occur in low- and middle-income countries, as per the World Health Organization. In addition to this, the annual number of burn incidence in India is about 6–7 million. A burn injury is caused by heat because of radioactivity, radiation, friction, electricity, or contact with chemicals. The damage caused by burn can cause severe damage to the skin and other affected tissues, which is why proper treatment is required for these cases. 

Owing to this, the demand for advanced wound care products is growing rapidly. These products have a higher absorption capacity as compared to conventional wound care products, including sponge, wadding, gauze, and plaster, which is a crucial aspect for preventing wound seepage. Advanced wound care products also allow the exchange of oxygen, simultaneously blocking the entry of microbes into wounds, aid in the formation of new tissues, and retain moisture. It is due to these benefits that the global advanced wound care market is expected to progress at a significant pace in the years to come.  

Different kinds of advanced wound care products are active wound care products, advanced wound dressing, and wound therapy devices. Among all these, the demand for advanced wound dressing =s was the highest in the past. Collagen dressing, foam dressing, hydrogel dressing, hydrocolloid dressing, alginate dressing, and film dressing. Types of wound therapy devices are electrical stimulation devices, negative pressure wound therapy (NPWT) device, and oxygen & hyperbaric oxygen equipment. The demand for NPWT devices is expected to grow considerably in the years to come. Topical agents and artificial skin & skin substitutes are the two types of active wound care products.  

Other than burns, advanced wound care products are also utilized for treating surgical & chronic wounds and ulcers. The highest demand for these products was created for surgical & chronic wounds, which can be ascribed to the surging cases of obesity and diabetes, growing geriatric population, and rising incidents of road accidents. Outpatient facilities and inpatient facilities are the major end users of advanced wound care products. Between these two, the demand for these products was the highest from inpatient facilities in the past due to the fact that these facilities provide specialized facilities to patients suffering from different kinds of wounds.

Geographically, North America has been the largest user of advanced wound care products in the past, owing to the rising cases of obesity and diabetes, increasing geriatric population, and surging cases of road accidents in the region. Other than this, the Asia-Pacific region is projected to emerge as the fastest-growing advanced wound care market in the coming years. This is particularly attributed to the surging number of burn case and diabetes in the region. 

Hence, the demand for advanced wound care products is rising due to the growing number of burn cases around the globe.   

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Construction of Green Buildings Propelling Construction Chemical Sales

 With the increasing urbanization rate, especially in developing countries such as India, South Africa, Brazil, and China, on account of the rapid migration of people from rural areas to urban areas for better employment opportunities and a higher standard of life, the demand for construction chemicals is surging sharply. This is attributed to the fact that the soaring population of people in urban areas is positively impacting the demand for new buildings, offices, and factories, which is, in turn, fueling the launch of many large-scale construction projects.

Additionally, the rapid construction of green buildings, on account of the increasing concerns being raised over the escalating pollution levels and the burgeoning requirement for energy conservation in buildings, is also driving the sales of construction chemicals, thereby causing the expansion of the construction chemicals market. Moreover, green building materials can massively reduce the emission of harmful gases, which further boosts their popularity across the world. Additionally, these chemicals have the ability to improve the durability of buildings and provide protection against various environmental hazards.  

Adhesives, protective coatings, concrete admixtures, sealants, asphalt modifiers, and others such as flooring chemicals and flame retardants are the most widely used types of construction chemicals across the world. Out of these, the demand for concrete admixtures was found to be the highest in 2017. This was because of the extensive use of admixtures, owing to their ability to reduce the cost of construction by modifying the traits of the hardened concrete. For instance, the addition of admixtures to water can reduce water requirement by 5–10%. 

Geographically, the sales of construction chemicals are predicted to rise at the fastest pace in the Asia-Pacific (APAC) region in the coming years. This is ascribed to the burgeoning demand for construction chemicals in regional countries such as China and India. China is widely considered as the world’s construction capital and the country is witnessing the launch of several construction projects. Moreover, the government is also making huge investments in infrastructure projects, which is also boosting the sales of construction chemicals in the country. 

Thus, the demand for construction chemicals is certain to explode in the forthcoming years, primarily because of the increasing construction and infrastructural development activities, on account of the surging population of urban people, and rapid construction of green buildings across the world.     

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Demand for Wound Closure Products Set to Explode in Asia-Pacific in Future

 The increasing incidence of road accidents is one of the major factors fueling the demand for wound closure products around the world. The wounds caused due to accidents are usually exposed to debris, soil, bodily fluids, and microbes. Moreover, these wounds often result in tissue loss, which subsequently extends the body’s healing process. Apart from the rising prevalence of road accidents, the increasing occurrence of burn cases is also positively impacting the demand for wound closure products around the world. 

According to the American Burn Association (ABA), the U.S. witnessed nearly 486,000 burn injuries in 2011. Surgical intervention is usually required for healing these injuries. As wound closure products are heavily used in surgical procedures for closing the wounds caused due to surgical incisions, the growing incidence of burn cases is propelling their worldwide demand. Wound closure products assist in the management of wounds in both external and internal surgical applications. 

The growing prevalence of chronic wounds is also fueling the sales of wound closure products around the world. This is because surgical intervention is usually required for treating chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Due to these factors, the demand for wound closure products is surging sharply across the world. This is, in turn, driving the advancement of the global wound closure products market. 

Sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats are the major types of wound closure products used all over the world. Out of these, the demand for sutures was found to be the highest during the last few years. This was ascribed to the huge prevalence of chronic wounds and surgeries across the world. General, cardiovascular, orthopedic, gynecological, and ophthalmic surgeries are the biggest application areas of wound closure products.

Out of these, the requirement for these products was observed to be the highest in cardiovascular diseases in the years gone by. This was credited to the high incidence of cardiac surgeries, because of the widespread prevalence of various heart diseases all over the world. Across the globe, the sales of wound closure products were the highest in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India.

On the other hand, the demand for these products is predicted to surge sharply in the Asia-Pacific (APAC) region in the forthcoming years. This will be a result of the growing incidence of road accidents, chronic wounds, and burn cases and the rising requirement for surgical procedures in the regional countries. Moreover, the soaring healthcare expenditure, especially in India and China, is also bolstering the demand for wound closure products in the region.

Hence, it is safe to say that the demand for wound closure products will rise enormously all over the world in the upcoming years, primarily because of the increasing number of surgical procedures and the growing incidence of road crashes and burn cases all over the world. 

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Why will Sales of Portable Ultrasound Devices Boom in Asia-Pacific in Future?

 Ultrasound is widely used for both therapeutic and diagnosis purposes. Ultrasound imaging is a commonly used medical imaging method that employs the use of high frequency sound waves and their echoes for producing cross-sectional images of the human body. Ultrasound devices are very easy to operate and take from one place to another, especially in remote areas. These devices are primarily used at point-of-care, on account of the fact that they are smaller and lighter and highly convenient to carry.

Medical ultrasound systems operate at very high frequencies, commonly in the range of 1-10 MHz. These machines calculate the distance from the organ or tissue to the probe with the help of the speed of the sound within the tissue and the time taken for each echo to return. The increasing incidence of chronic diseases and the soaring population of geriatric people are the two major factors fueling the demand for portable ultrasound devices. 

Additionally, the surging healthcare expenditure and the rapidly developing healthcare infrastructure, especially in the emerging economies such as India and China, are massively propelling the sales of portable ultrasound devices across the globe. This is, in turn, fueling the progress of the global portable ultrasound device market. The two most commonly used portable ultrasound devices are hand-held and mobile ultrasound devices. Between these, the demand for hand-held portable ultrasound devices will rise rapidly across the world in the future years.

Across the globe, the sales of portable ultrasound devices are predicted to surge in Europe in the coming years. This will be because of the soaring healthcare expenditure, the surging population of geriatric people, and the rising incidence of chronic diseases in the various European countries. In addition to these, the presence of a rapidly improving healthcare infrastructure is also propelling the demand for portable ultrasound devices in the region.

The sales of these devices will also rise tremendously in North America in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This will be because of the surging geriatric population, the rising incidence of chronic diseases, and the soaring healthcare costs in the region. Globally, the Asia-Pacific (APAC) region is predicted to witness the highest sales of portable ultrasound devices in the coming years.

This will be because of the mushrooming geriatric population and the surging occurrence rate of various chronic diseases in the region. Additionally, the existence of a large population and a rapidly improving healthcare and medical infrastructure is massively boosting the sales of portable ultrasound devices in this region. Koninklijke Philips N.V., Hitachi Ltd., General Electric Company, FUJIFILM Holdings Corporation, and Siemens AG are some of the leading portable ultrasound device-manufacturing companies all over the world. 

Hence, it can be said with surety that the sales of portable ultrasound devices will surge across the world in the forthcoming years, primarily because of the rising incidence of chronic diseases and the surging population of geriatric people around the world. 

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Why Is Cosmetics Industry Using Soy-Based Chemicals?

 Soy-based chemicals are an alternative to traditional chemicals, which are derived from petroleum oil or crude oil. Soy milk and soy oil are the most-popular soybean derivates, being increasingly used in the food and beverage industry owing to their high nutrient content. Similarly, the cosmetics industry uses soy-based chemicals in the production of biodegradable soaps, deodorants, and perfumes. Thus, the increasing demand for high-nutrient-content food products and biodegradable cosmetics will fuel the consumption of soy-based chemicals worldwide.

Moreover, the surging need for biofuels, owing to the rising air pollution levels and depleting fossil fuel reserves, will augment the production of soy-based chemicals in the upcoming years. According to the World Health Organization (WHO), approximately 4.2 million deaths are caused due to ambient air pollution every year. Furthermore, the WHO states that the transportation sector and power sector should shift to clean modes of power generation, such as low-emission fuels, to mitigate air pollution levels.

Furthermore, the rising need for biofertilizers, eco-pesticides, and eco-insecticides, primarily on account of the degrading soil quality and depleting nutrient content in the earth's crust, is projected to create a huge requirement for soy-based chemicals. The World Wide Fund for Nature (WWF) propounds that half the topsoil of the Earth has been lost in the last 150 years and the soil quality has been compromised due to over-intensive agricultural practices. This has resulted in soil salinity, loss of soil structure, compaction, and nutrient degradation, which can be dealt with with biofertilizers and biopesticides.

The Demands of the food and beverage, cosmetics, plastics, and agriculture sectors for soy-based chemicals are met by VertecBioSolvents Inc., Elevance Renewable Sciences Inc., Cargill Inc., Soyaworld Inc., Archer Daniels Midland Co., Cara Plastics Inc., Bunge Limited, The Dow Chemical Company, and BioBased Technologies LLC. At present, these companies are heavily investing in developing countries to produce renewable chemicals as they hold a huge potential for the commercialization of these bio-based products.

As per P&S Intelligence, North America held the soy-based chemicals market share in the preceding years. In the coming years, Asia-Pacific (APAC) is expected to consume a considerable volume of such products due to the mounting investments being made in the renewable chemical sector of China, Singapore, and South Korea. Furthermore, the Middle East and African (MEA) and European regions are expected to create a huge requirement for such chemicals in the foreseeable future.

Therefore, the booming demand for bio-based fuels, nutrient-rich food products, biodegradable plastics, eco-fertilizers and eco pesticides, and bio-based cosmetics will propel the consumption of soy-based chemicals.

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Types of Automotive Refinish Coatings in Indonesia

 There is a higher chance of a vehicle sustaining damage from wear and tear or an accident when more vehicles clog the roads, and more miles are driven. Automotive refinish coatings are important in Indonesia for restoring damaged cars to their former beauty and ensuring they continue to look brand new.

 

Automotive body shops and repair facilities employ polyurethane, acrylic, or alkyd-based coatings as automotive refinish coatings. These coatings are sprayed on new and used passenger and commercial cars to cover up body damage brought on by high temperatures, collisions, and stone contact.

 

Primer, filler, topcoat, basecoat, and activator or hardener coatings are a few of the often used refinish coatings. Although the Indonesianautomotive refinish coatings industry is predicted to expand, several significant issues and trends repair facilities and coating producers must deal with must.

 

Automotive Refinish Coating Formulation

 

Customer satisfaction is a crucial aspect of automotive refinishing that never changes. A high-quality, completely optimized coating product is one approach to guarantee satisfaction, and creating a high-quality coating begins with the formulation. Primer, base coat, and top coat are the components of most automobile coating systems.

 

Primer

 

Modern autos employ a lot of lightweight polymers that are hard to stick to. To achieve appropriate adhesion, primers are utilized to prepare a surface for a coating.

 

Such formulations frequently include a solvent, a binder resin, and additives to increase surface and wetting area. A primer system's binder resin has to have the ability to adhere to low-energy surfaces and increase surface energy for future coatings.

 

Basecoat

 

Most people envision a base coat when they think about automobile paint. The basecoat is what gives an automotive paint system its color. A binder resin, solvent, pigments or pigment dispersions, and additives to enhance wetting and leveling make up a basecoat composition.

 

To produce a base coat of the highest caliber, it is essential to ensure optimum pigment wetting and appropriate pigment orientation.

 

Topcoat

 

The top coat protects the lovely paintwork after the base coat. Over a basecoat, topcoats or lacquers are often applied. These hard, glossy coatings are resistant to chemicals, moisture, abrasion, UV, and temperature.

 

Again, solvent, a binder resin, and wetting/leveling aids make up a standard topcoat recipe. To achieve a long-lasting automobile, refinish coating system, the binder resins for a topcoat must have excellent durability.

 

Driving Factors Are:

 

The main variables influencing demand for automobiles to refinish coatings in Indonesia include:

• Rising disposable income.
• An increase in the frequency of vehicle crashes.
• Surge in the average age of car.

The local demographics' buying power has risen due to the economic recovery and rapid growth in disposable income.

 

Along with the increasing acceptance of automotive refinish coatings, many distinct items have also been launched in Indonesia. As a result, the need for these coatings will increase in the next years because of these characteristics and the huge volume of car demand.

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How Urbanization Drives Demand for Commercial Refrigeration Equipment in APAC?

 In countries like China and India, the urbanization rate is rising, with around 57% and 33% of the population of these countries, respectively, living in cities in 2017, and these shares rose to 61.4% and 35.0% in Chin and India, respectively, by 2020. The urban population in India is expected to reach around 1.4 billion by 2023, and in China, around 1.4 billion by 2025. Urbanization brings a variety of changes in the demands of  people, as the lifestyle and living preferences change. Thus, it will propel the Asia-Pacific (APAC) commercialrefrigeration equipment market in the years to come.

 

Urbanization, due to which the number of modern retail stores and supermarkets has increased, has led the way for the usage of commercial refrigeration equipment. In addition, it has also led to an increase in the workforce in countries like China, India, New Zealand, Australia, and Japan. This has resulted in an increment in the trend of eating out at restaurants and consuming packaged food. To offer people with busy lifestyles more convenience, the online retailing of fresh as well as frozen food is picking up, which is augmenting the demand for refrigeration in commercial spaces.

 

Among the different equipment types used for refrigeration in commercial spaces, walk-in coolers witnessed the highest demand in the past. This was due to the changing food patterns, visible in the rising consumption of frozen foods. As the purchasing power of customers has also increased, hypermarket and supermarket chains have expanded, thereby driving the demand for walk-in coolers in the APAC region. Moreover, ice-making machinery is predicted to grow in demand in the coming years due to the increasing number of bars, cafes, and many other food outlets.

 

This is consistent with the fact that within the commercial sector, refrigerators are majorly bought by entities dealing in the food service business. Here, maintaining and preserving the food quality till it reaches diners are vital. The increasing income of consumers has inclined them toward dining out, which has led to a rise in the number of restaurants, where commercial refrigeration equipment plays a crucial role in ensuring optimum food quality.

 

There are three major APAC commercial refrigeration equipment market players, among which United Technologies Corporation makes the largest number of sales. Other major manufacturers offering this equipment in the APAC region are S.A.I., AB Electrolux, Illinois Tool Works Inc., Hussmann Corporation, and Johnson Controls International Plc. According to P&S Intelligence, they are shifting from fluorinated refrigerants to natural refrigerants because of the increasing global warming concerns. For instance, Japan has modified its F-Gas Law, while China has released a potential list of gases that can be used as the refrigerant.

 

The demand for such systems in the region dropped significantly in 2020 due to the COVID-19 pandemic, to combat which governments enforced lockdowns. The food service industry was among the hardest hit by the lockdowns as all restaurants, bars, cafes, and pubs were closed down. However, since the second half of 2021, with the dropping case count, restaurants are opening again, albeit with restrictions on the number of diners. In the coming months, as this industry opens further, the demand for refrigeration equipment will start to rise.

 

Therefore, the changes in the lifestyle of people due to urbanization are pushing up the requirement for commercial refrigeration equipment in the APAC region. 

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How Is Marketing Automation Software Helping Firms in Increasing Their Customer base?

 Marketers in the Asia-Pacific (APAC) region are leveraging the increasing penetration of social media to build their customer base effectively. Social media platforms allow market executives to track the interactions with prospective customers that are linked to offers and campaigns, to gather feedback and use the insights gained to improve the campaign. This surge in digital marketing activities has increased the demand for automation tools in the region. 

Marketing automation allows for the management of a large volume of social media statistics and data related to the customer base. This has led to the increasing awareness among regional businesses about data management platforms (DMPs) including Salesforce DMP, Lotame, and Oracle DMP. These DMPs assist marketers and advertisers in sorting and storing information, collecting, analyzing, and classifying data, and advertising network integration. Additionally, DMPs offer a base to the marketers for providing responsive and scalable workflows and database functions that enable solutions to be leaner and optimized. This further allows companies to monitor and capture the data on potential leads.

Several vendors are venturing into the Asia-Pacific marketing automation software market due to the easy access for them and declining cost of marketing automation software. Companies offering such market tools in the region include Teradata Corporation, Oracle Corporation, SAS Institute Inc., Act-On-Software Inc., IBM Corporation, Salesforce.com Inc., Adobe Systems Incorporated, HubSpot Inc., SharpSpring Inc., and Infusionsoft Inc. They are adopting growth strategies such as product launches, partnerships, and acquisitions to gain a competitive edge over each other and widen their customer base.

In the region, marketing automation software is widely used in the banking, financial services, and insurance (BFSI) and e-commerce industries. In the BFSI sector, marketing executives are adopting this software to attract customers by spreading awareness among them about their protocols, benefits, and schemes. Marketing executives working with financial companies also use the software to target potential customers and simplify marketing complexities. Similarly, e-commerce companies leverage these platforms for generating leads and running advertisements. The booming e-commerce sector in India and China is increasing the demand for the software in the region.

Further, the solution segment of the Asia-Pacific marketing automation software market is categorized into marketing resource management, cross channel campaign management (CCCM), real-time interaction management, content marketing platform (CMP), lead-to-revenue management (L2RM), and through-channel marketing automation (TCMA). Amongst these, the CCCM category accounted for the largest market share in 2017 due to the increasing demand by enterprises for a technology that assists them in analytics and customer data management and with workflow tools for executing, designing, and measuring the performance of campaigns on offline and digital channels.

Most of the marketing automation tools are being deployed on the cloud due to the increasing awareness about the advantages of this technology. In comparison to on-premises deployment, the cloud technology offers benefits such as increased speed, scalability, storage, and convenience. Both small and large businesses are adopting cloud-based marketing automation solutions to improve productivity, increase profits, and enhance security at an affordable price. This is why even most of the investments in new software tools are being poured for those deployable on the cloud.

Thus, the growing preference for social media and digital marketing is generating a high demand for marketing automation tools in APAC countries.

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Increasing Disposable Income Driving Sauces, Dressings, and Condiments Market

 The launch of new flavors, introduction of low-fat substitutes, rise in the utilization of organic and natural ingredients, and increasing willingness of consumers to try international cuisines. On the basis of type, the market is divided into dips, table sauces, pastes & purees, pickled products, cooking ingredients, and others. 

Among all these, the table sauces division contributed the largest revenue share of more than 30.0% to the market in 2017, as table sauces are utilized extensively with snacks and fast foods as instant accompaniments. Table sauces are further of different types, namely horseradish sauce, chili sauce, mayonnaise, soy sauce, oyster sauce, mustard sauce, and barbecue sauce. The demand for tomato sauce has been the highest in the past among all the table sauces. 

The cooking ingredients division is predicted to grow at the fastest pace during the forecast period, owing to the increasing preference for home-cooked meals. When distribution channel is taken into consideration, the sauces, dressings, and condiments market is categorized into convenience stores, specialist retailers, supermarkets/hypermarkets, and others (which include internet retailers, non-grocery specialists, and mixed retailers). Out of all these, the convenience stores category is projected to register the highest CAGR during the forecast period, both in terms of value and volume. 

Geographically, the sauces, dressings, and condiments market was dominated by Asia-Pacific in 2017, as the demand for Mexican and Chinese cuisines is increasing. Young people, especially, are becoming more and more open to experimenting with new types of foods. Owing to the fact that international cuisines make wide usage of sauces, dressings, and condiments for preparing food, their demand is rising as well. Japan dominated the regional domain in 2017, as these products are used in traditional cuisine of the country. 

The increasing disposable income of people is a major driving factor of the sauces, dressings, and condiments market. With globalization, the penetration of international cuisines has been rising all across the globe. People are becoming increasingly interested in trying out different kinds of cuisines, and improvement in the spending power of people, particularly in emerging economies, is enabling them to do the same. This is further leading to the growth of the market.

A key trend being witnessed in the sauces, dressings, and condiments market is the rising requirement for gluten-free and organic sauces. People these days are extensively becoming health-conscious, and hence are trying to cut back on foods that can have negative impact on their bodies. Due to this, the demand for gluten-free diet has increased. In addition to this, food & beverage companies that were conventionally offering sauces and other such products with gluten are now focusing on developing gluten-free products. 

In conclusion, the market is growing due to the rising disposable income of people and increasing focus towards organic and natural food choices. 

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Why is Commercial Electric Vehicle Market Making Huge Advancements in China?

 The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles.

The other major factor responsible for the ballooning sales of commercial electric vehicles is the lower operational costs of these vehicles as compared to the conventionally used fossil fuels-powered vehicles. In addition to this, their numerous environmental benefits are increasing their popularity in several countries, especially the developing nations which are dealing with soaring pollution levels and environmental hazards. According to the Indian Infrastructure Publishing, an electric bus saves $365,000 of diesel fuel during its entire life cycle and $225,000 of compressed natural gas (CNG).

Driven by the above-mentioned factors, the revenue generated from the worldwide sales of commercial electric vehicles is expected to rise from $144.5 billion in 2017 to $362.7 billion by 2025. The global commercial electric vehicle market is predicted to advance at a CAGR of 13.3% during the forecast period (2018–2025). There are two types of commercial electric vehicles available in the market — electric buses and electric trucks. Of these, the electric trucks recorded higher sales in 2017. This is owing to the banning diesel trucks in many countries and the burgeoning demand for the transportation of goods around the world.

On the basis of batteries, the commercial electric vehicles are classified into lithium–nickel–manganese–cobalt oxide (NMC)-battery-powered vehicles and the vehicles running on lithium–iron phosphate (LFP) batteries. Between the two types of batteries, LFP batteries are predicted to register higher sales in the market during the forecast period. This is mainly ascribed to the fact that the LFP batters are safer than the others and are therefore preferred more by both manufacturers and consumers than the NMC batteries. 

Geographically, the Asia-Pacific (APAC) region is expected to observe the highest and fastest growth in the adoption of commercial electric vehicles during the forecast period. In this region, China is currently witnessing the highest sales of commercial electric vehicles, owing to the presence of favorable government policies for commercial electric vehicles in the country. The commercial electric vehicle market is also observing huge progress in other APAC countries such as India, on account of the existence of several government policies and measures promoting the deployment of electric buses in private and government fleets, in the country.

Hence, it can be said with full confidence that the demand for commercial electric vehicles will rise considerably throughout the world, in the coming years, because of the declining prices of the Lithium-ion batteries, increasing pollution levels, lower operating costs of these vehicles than the fossil fuels-powered vehicles, and the presence of favorable government policies regarding the deployment of commercial vehicles in several countries.

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How Is Epoxy Coating Usage Fueling Polyetheramine Consumption?

 Polyetheramines are colorless curing agents, which consist of polyether and amine moieties, and are used to increase the flexibility, toughness, hydrophobicity, or hydrophilicity of a variety of products. The application areas of this substance include resins, polyurea, epoxy coatings, composites, elastomers, inks, sealants, polyamides, and adhesives. Epoxy coatings are, in turn, used in fiberglass, carbon fiber, and several other composite materials. Polyetheramines are also utilized as fuel additives for cleaning carburetors, valves, and injectors.

Among these, epoxy coatings are the most widely used products containing polyetheramines. Epoxy coatings and durable coatings can be used for durable paints, fiberglass, carbon fibers, and strong adhesives and coatings for metals and floors. These coatings are also used to seal the surface of fresh concrete and prevent the rapid loss of moisture. Other uses of polyetheramine include demulsification of oilfields, acid neutralization, and cement additives. Thus, the key industries that consume polyetheramine-based products are paints & coatings, automotive, and construction. 

The widening application base of these products and growing end-use industries will accelerate the polyetheramine market progress at a CAGR of 10.5% between 2016 and 2022. Ad per P&S Intelligence, the market revenue stood at $660.4 million in 2015. The spurring demand for epoxy coatings and composite materials will boost the requirement for polyetheramine, globally. Moreover, the expansion of the manufacturing sector, especially in developing countries, will amplify the consumption of this substance.

Globally, the Asia-Pacific (APAC) region consumed the highest quantity of polyetheramines in the past. This was due to the spurring demand for polyuria, polyamides, and epoxy curing from the paints and coatings industry. Moreover, the rising need for polyetheramine in the agriculture, adhesives & sealants, construction, and automotive industries of India, Thailand, Malaysia, and Indonesia will boost its production in the coming years. In recent years, China has emerged as the largest consumer of polyetheramine in the region.

In the coming years, the APAC polyetheramine market will also witness significant growth, wherein China would be the largest contributor, followed by India. The notable growth of end-use industries, such as resins, epoxy coatings, and adhesives & sealants in the region is fueling the consumption of polyetheramines. Additionally, the escalating demand for fuel additives, paints and coatings, and composites will increase the requirement for this material in the foreseeable future.

The demand for fuel additives in the region is driven by the rising sale of automobiles. With people becoming richer, they are spending more than ever on luxury goods, such as automobiles. Moreover, the rising awareness on the role of fuel additives in increasing the fuel economy of vehicles is propelling the consumption of such materials. Being the most-polluted region in the world, APAC has a strong need to cut down its greenhouse gas emissions, which is another area where fuel additives are helpful.

Thus, the growing requirement for epoxy coatings in various end-use industries and rising need for fuel additives will boost the production of polyetheramines in the foreseeable future.

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