Feb 25, 2021: The global Engineering Adhesives Market is projected to grow at a higher CAGR during the forecast period. Engineering adhesives offer various advantages while used for joining materials. As compared to traditional methods such as bolting, welding, brazing and mechanical fastening, engineering adhesives are much feasible for use. There are certain advantage and disadvantages. The joined materials are usually known as substrates of adherends.
Engineering adhesives are commercially used to bond parts of automobiles, electronics, office machines, medical equipment and glass ceramics. Epoxy adhesives are used to seal acrylic, steel aluminum, engineering plastics and composites. The term engineering adhesive generally denotes an adhesive, when hardened, releases a relatively high modulus and high tensile for construction of load-bearing joints.
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The drivers for engineering adhesives market include rise in popularity of engineering adhesives for varied purpose and increase in popularity due to its features and aesthetic properties. Rise in transportation, construction and wood industries dominate the market growth during the forecast period. In addition, the market size is also increasing along with entry of new players.
Product segmentation for engineering adhesives market includes epoxies, polyurethane, cyanoacrylates and methacrylates. Epoxies account for a significant market share due to extensive use in automotive manufacturing process. Geographical segmentation for engineering adhesives industry comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a higher CAGR due to rise in emergence of manufacture and construction industries.
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North America dominates the global market scenario since it holds a higher stake in the global market. Significant demand from automotive & packaging industries is driving the market growth in the region. The key players in the engineering adhesives market include 3M Company, Dymax, Toray Fine Chemicals, Permabond Engineering Adhesives, Henkel, Huntsman Corporation and W.I. Polymers Ltd.
Market Segment:
Global Engineering Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
- Epoxies
- Polyurethanes
- Cyanoacrylates
- Methacrylates
- Others
Global Engineering Adhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
- Transportation
- Construction
- Consumer Goods
- Electrical & Electronics
- Paints & Coatings
- Sports & Leisure
- Wind Energy
- Others
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The continuous and increasing demand from the consumers for rigid packaging is expected to fuel up the rigid packaging industry in the coming years with a CAGR of 6.7%.The reasonable rates of rigid packaging, spurring growth of food & beverage industry, and rise in consumer spending power for packaged products are some of the driving factors of the market.
Also, the rise in demand for the packaged medications and apparatuses in healthcare sector is predicted to widen scope for the market in the years to come.
Most consumers today are preferring online shopping over traditional shopping method because of wide availability of variety goods, quick delivery, easy return policies, and low or free shipping charges.
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The development of the recycled metal industry is motivated by growing importance for the secondary manufacture of metals due to conservational worries for example ingestion of energy and the discarding of the scrap material.
Consequently, scrap metal owns most important importance for usage by way of a raw material for secondary manufacture.
Regional Lookout: By Region the global recycled metal industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.
The existence of numerous dealers of scrap and the amenities of recycling within the region has boosted up the intake of recycled metal.
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Jan 25, 2021: Industry InsightsGlobal smartwatch market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period.
Smartwatches provide notification to user such as distance travelled heart rate and can be used as an extension to a smartphones because of high degree of connectivity and focus on apps.
Major players like Pebble, Samsung, Sony and Maritime are heavily investing on R to develop better product and increase their market share.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/smartwatches-market/request-samplePrice Segment InsightsApproximately 90% of market share in 2013 was accounted by High-end smartwatches.
In addition, Limited battery life, overall performance and privacy concerns among the users can restrain the market growth.
Average selling price of smartwatches will come down due to commercialization activities, number of new entrants and will result in development of mid-priced and low-end products over a given period.Read Complete Report With TOC @ https://www.millioninsights.com/industry-reports/smartwatches-marketRegional InsightsThe demand for smartwatches was high in North America across the globe due to increasing number of smartphone users.
Awareness about new technologies and purchasing power due to increase in disposable income of users is expected to drive the market growth in coming six years.
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Furthermore, growth in sports occasions through a number of areas has additionally stimulated the progress of worldwide business.The Wireless Microphone Market was appreciated by US$ 2075.5 million in the year 2016.
The sub division of Corporate is the biggest end-use section and was appreciated at US$ 693.3 million in the year 2016.
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The Radio Frequency [RF] band allows an extensive range of networks that could be utilized dependent on the use.
Furthermore, the altering range guidelines have permitted these products to employ the usage of RF bands for effectual broadcasting of signal.The Wireless Microphone market on the source of Type shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category.
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The rising demand for inventive merchandises by way of color exchanging capacities and Temperature centered, for serviceable applications or entertaining has backed considerably to the progress of the market in the modern ages.The materials with temperature sensitive ability presently used in the form of polymers, coatings, inks and paper sheets to create everyday merchandises.
Brown ribbon thermometer is some such exclusive illustration of printed liquid crystals that alternates color, headed for, efficiently specify extreme body temperature for the duration of surgical procedure.
The subdivision of Colors was responsible for 41.0% stake of the general Thermochromic business incomes in the year 2016.
These devices help in recognizing the threats of high temperature.
Therefore, the demand for reversible materials in devices is greater in baby merchandises and chemical vessels.
