Growing Economic Presence of Logistics and Shipping Sector to Enable Smooth Growth of Utility Grade Duct Tapes Market

The global utility grade duct tapes market is likely to exhibit rapid growth over the coming years, with its numerous end uses and widespread adoption enabling smooth growth of the utility grade duct tapes market in a number of regions across the world. The packaging and construction sectors are likely to remain important for the global utility grade duct tapes market in the coming years, while regionally, Europe is likely to remain the dominant contributor to the global utility grade duct tapes market. The use of utility grade duct tapes is likely to be highest in repairing applications in the coming years, with the repairing application segment likely to consistently account for more than 30% of the global utility grade duct tapes market over the 2017-2022 forecast period.

According to Transparency Market Research, the global utility grade duct tapes market is likely to reach a valuation of US$395.1 mn by the end of 2017 and further rise to US$505.6 mn by the end of 2022, exhibiting a solid 5.1% CAGR therein.

Here are the key insights into the global utility grade duct tapes market’s growth prospects in the coming years:

The rising preference for DIY projects is likely to remain a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. This factor is particularly prevalent in developed regions such as North America and Europe, where the average consumer has more choices to choose from in terms of DIY projects. Growing awareness about the economic benefits of DIY is likely to enable a steady rise in the adoption of DIY practices, leading to rising demand from the global utility grade duct tapes market.

The rapid rise of the shipping and logistics industry is likely to be a major driver for the global utility grade duct tapes market over the 2017-2022 forecast period. Due to growing globalized trade, shipping and logistics is likely to be vital to the global economy in the coming years. The widespread use of utility grade duct tapes in the shipping and logistics sector is thus likely to remain a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. The growing demand for paperboard packaging is likely to tie in with the global utility grade duct tapes market to aid rapid growth of the latter, as utility grade duct tapes are widely used to seal paperboard packaging.

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The growing use of duct tapes to repair household items is likely to be a key driver for the global utility grade duct tapes market over the 2017-2022 forecast period. Repairing emerged as the major application of utility grade duct tapes in 2017, with a share of 31.8% in the global market in 2017. The repairing segment of the global utility grade duct tapes market is likely to exhibit a strong 5.4% CAGR over the 2017-2022 forecast period.

Geographically, Europe is likely to remain the dominant contributor to the global utility grade duct tapes market over the 2017-2022 forecast period, with North America and Asia Pacific except Japan also likely to emerge as key regional markets for utility grade duct tapes in the coming years. The latter two are likely to remain more promising for utility grade duct tapes market players, with the North America market expected to exhibit a CAGR of 5.9% and APEJ likely to exhibit a 5.8% CAGR over the 2017-2022 forecast period.

Global Utility Grade Duct Tapes Market: Competitive Dynamics

Leading companies in the global utility grade duct tapes market include 3M Company, Berry Global Group Inc., Tesa SE Group, Intertape Polymer Group Inc., Shurtape Technologies LLC, Scapa Group Plc, Vibac Group S.p.a., Bolex (Shenzhen) Adhesive Products Co. Ltd., Pro Tapes and Specialties Inc., and Shanghai Yongguan Adhesive Products Co. Ltd.

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Asia Pacific excluding Japan to Account for Dominant Revenue Share of Global ESD Bags & Pouch Packaging Market

The drive for various ESD (electrostatic discharge) packaging materials stems from the need for protecting to shield sensitive items from static electric charges or to prevent the charge generation. There is a substantial demand for ESD bags and pouches in shielding static-sensitive electronic devices and equipment while being stored or transported. These bags and pouches also find applications in environments where the buildup or retention of static charges may pose significant health hazards, such as in hospitals and military facilities. The rising uptake of anti-static materials for various other sensitive devices in several end-use industries such as defense and military, manufacturing, aerospace, and healthcare is accentuating the ESD bags and pouch packaging market.

The ESD bags and pouch packaging market is projected to rise from a valuation of US$358.9 Mn in 2017 to reach US$495.0 by 2022 end. The market is estimated to register a CAGR of 6.6% during the forecast period of 2017–2022.

Find below an in-depth insight into key factors and trends influencing the growth of the global ESD bags and pouch packaging market:

The rising demand for anti-static packaging for the storage, handling, and transportation of various ESD-sensitive devices or substances such as electrical & electronic components, explosive powders, and drugs. The growing use of anti-static packaging for the safe handling and shipping of a variety of electronics and electrical devices, is a key factor boosting the market. The rising demand for static sensitive bags and pouches for a number of light-weight items in various shapes and sizes is a key factor driving the market. The intensifying need for protecting environments from the hazardous buildup of electro-static charges has catalyzed the demand for ESD bags and pouches in various end-use industries.

The incorporation of Faraday cage layers in ESD bags and pouches helps in protection of devices and equipment prone to damage by electric fields, thereby bolstering their uptake. The advantage of a non-conducting barrier of these packaging is a key factor catalyzing the uptake. In addition, the need for long-term storage of medical devices is also a significant factor boosting the market. The use of ESD bags and pouches has also enabled various end-use industries to meet regulatory requirements, as in the healthcare industry.

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The growing use of semiconductors and integrated circuits (ICs) in the automotive industry is a prominent trend expected to substantially boost its demand. The soaring popularity of miniaturized electronic devices is further expected to accentuate the demand in the industry world over. Constant improvements made in conductive antistatic bags is a key trend expected to open up exciting opportunities for market players.

Geographically, the Asia Pacific excluding Japan (APEJ) is predicted to be the most lucrative market for and currently holds a major revenue. The regional market is projected to witness an absolute opportunity estimated at US$68.3 Mn over the forecast period 2017–2022. The major materials used to make ESD bags and pouch packaging are conductive and dissipative polymers, metal, and additive. Of these, the conductive and dissipative polymers segments holds the lion’s share of the market in 2017 and is projected to be worth US$ 433.9 Mn by the end of 2022. The segment is witnessing dominant growth in revenue annually during the forecast period.

Competitive Dynamics

Several players are focused on developing durable and high-performance ESD bags and pouches with competitive pricing in order to consolidate their positions in various regions. Prominent players operating in the global ESD bags and pouch packaging market include Desco Industries, Inc., Tekins Limited, Elcom (U.K.) Ltd., GWP Group Limited, Botron Company Inc., Conductive Containers, Inc., Conductive Containers, Inc., Electrotek Static Controls Pvt Ltd, and Statclean Technology (S) Pte Ltd.

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Global Painting Masking Tapes Market Collects Additional Growth Prospects from Applications in Abatement and Restoration Projects

The global painting masking tapes market is predicted to embrace growth acquired from a wealth of applications such as transport, smart cards, renewable energies, paper and print, health, electronics, copiers and printers, construction, automotive, and appliances. Despite their usability in mounting and splicing, double-sided masking tapes may not match the share secured by single-sided masking tapes. Packaging films could garner a strong demand while riding on their applications in the food industry. Such films could prove to be an economical means of protecting and distributing food products that require prolonged shelf life.

The global painting masking tapes market, as analyzed by Transparency Market Research (TMR), is envisioned to be valued at a US$3.3 bn by 2022 at a 5.7% CAGR. In 2017, the market earned a US$2.5 bn valuation.

Global Painting Masking Tapes Market: Major Insights

The global painting masking tapes market is forecasted to draw handsome growth prospects on the back of growing applications even outside of the painting industry. Painting masking tapes could be a valuable tool not just for masking surfaces before painting but also bundling, hanging temporary signs, labeling, and building containments in restoration and abatement projects. For suitable usages in abatement projects, painting masking tapes are required to be proven true for easy unwind, multi-surface performance, and quick stick. Clean removability is a benefit offered not only for abatement but also restoration jobs.

The international painting masking tapes market is projected to be cataloged according to backing material, end use, and adhesive type. On the basis of backing material, the market could testify the supremacy demonstrated by the paper segment, which could bag a revenue share of 82.2% by the completion of 2022. Other segments such as foam, plastic, and others could also create opportunities in the market. In terms of end use, the market could be segmented into automotive, building and construction, aerospace, and general industrial and do-it-yourself (DIY) activities. By adhesive type, silicon-based, acrylic-based, and rubber-based adhesives are anticipated to be among the prime segments.

In respect of regional segmentation, the international painting masking tapes market is foreseen to witness the promotion of North America as one of the most attractive regions. By 2022 end, this region could collect earnings worth a US$0.8 bn. Japan and the Middle East and Africa (MEA) could exhibit a slower growth in the market. However, Asia Pacific except Japan (APEJ) as a faster growing region and Europe are envisaged to offer lucrative prospects in the coming years. Latin America could be another segment of the market by geography.

Global Painting Masking Tapes Market: Vendor Landscape

Each player considered important by the report authors for the worldwide painting masking tapes market is broadly profiled to help readers gain a sound understanding of their future plans and competition scenario. Companies such as 3M Company, Berry Global, Inc., Nitto Denko Corp, Saint-Gobain Performance Plastics Corporation, Scapa Group PLC, Intertape Polymer Group, Inc., Beiersdorf Aktiengesellschaft, Shurtape Technologies LLC, Bolex (Shenzhen) Adhesive Products Co. Ltd., and Advance Tapes International Ltd. could make their presence known in the market.

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Temperature Sensor Market: Increased Demand for Thermistors to Help Market Gain Traction

The global temperature sensors market features a largely fragmented and competitive vendor landscape, with the leading six companies collectively accounting for a mere 19% of the overall market in 2015, observes a recent report by Transparency Market Research. The market suffers from a lack of differentiating attributes in key product varieties. Thus the market features a high level of price-based competition.

To sustain in the highly competitive market, leading vendors are focusing on ways of consolidating the vendor landscape and are proactively looking for strategic collaboration opportunities. Some of the leading companies in the market are STMicroelectronics N.V., Honeywell International Inc., Panasonic Corp., General Electric Co., Infineon Technologies AG, and, Texas Instruments Inc. 

TMR analysts suggest that the global temperature sensor market will register a healthy 4.6% CAGR over the period between 2016 and 2024. At this rate, the market is likely to rise to a valuation of US$6.6 bn by 2024 from US$4.6 bn in 2015. In terms of volume, the market is expected to surpass cross 2.93 bn units by 2024.

North America to Continue to Hold Leading Spot over Forecast Period

Of the key product varieties, the segment of thermistors has emerged as the most promising in terms of revenue opportunity as well as sales in the recent years. Exhibiting a promising pace of expansion over the report’s forecast period, the segment is expected to continue to lead the market through 2024. Geographically, the market in North America is presently the dominant regional market. Accounting for nearly 40% of the overall market in 2015 in terms of revenue, the regional market is expected to lead over the forecast period as well. The vast rise in adoption of temperature sensors across the healthcare, medical, and oil and gas sectors will lead to promising growth prospects for the regional market over the report’s forecast period.

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Massive Rise in Global Sales of Consumer Electronics Products to Drive Growth

The report states that among the key factors that are expected to fuel the global temperature sensor market, the rising inclination of key industries towards non-contact sensors, the massive rise in demand from the thriving consumer electronics industry, and a rising set of applications will prove to be most impactful. Of these too, the consumer electronics sector will emerge as the leading consumer of a variety of temperature sensors as well as the most promising revenue generator for the global market. The mounting global sales of products such as mobile phones, laptops, wearable devices, LCDs, and fitness bands have worked well for the global temperature sensor market and will continue to lead to steady demand in the next few years as well.

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Electronic Scrap Recycling Market Expected to Reach US$34.32 bn by 2022 Globally

According to a new market report published by Transparency Market Research “Electronic Scrap Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, the global electronic scrap recycling market was worth US$ 11.03 Bn in 2014 and is expected to reach US$ 34.32 Bn by 2022, growing at a CAGR of 15.7% from 2015 to 2022. Europe was the largest market for electronic scrap recycling in 2014. Growth in this region is expected to be driven by stringent government regulations and huge profits generated through the recovery of precious metals from electronic scrap. 

Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend of focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide. The importance of electronic scrap is on the rise in response to changes in consumer patterns and advancements in the technology of electronic devices. This has resulted in the generation of huge quantities of e-waste that need to be managed and processed. The traditional means of handling of this e-waste, including disposal in landfills, exporting overseas, and combustion in incinerators are prohibited due to legislation designed to prevent environmental pollution. Moreover, the presence of ferrous, non-ferrous, and precious metals makes electronic scrap recycling economically attractive. For all these reasons, smelting and refining companies such as Boliden Group and Umicore N.V., Mitsubishi Materials USA Corporation lay emphasis on increasing electronic scrap processing capacity. To this end, in June 2015 Mitsubishi Materials Corporation expanded the Naoshima Smelter and Refinery’s electronic scrap receiving and processing capacity to about 110,000 tons per year (an annual increase of 30,000 tons over current capacity). Likewise in June 2012, Boliden Group increased the electronic scrap recycling capacity from 45,000 to 120,000 tons per year at its Rönnskär smelting facility.

With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations on electronic and electrical technologies have further shortened the use-life of electronic and electrical products. This has enhanced the generation of e-waste or waste from electronic and electrical equipment. E-waste primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances.

According to the UN Environment Programme (UNEP), around 20 million to 50 million tons of e-waste are generated every year globally and volumes are increasing three-folds faster than other forms of municipal wastes. This is primarily fuelled by expanding markets and rapid product innovations such as the switch from analog to digital technologies. The global production of e-waste is increasing rapidly and is expected to pick up pace in coming years. E-waste is considered to be hazardous; therefore it should be managed and processed carefully. Additionally, the presence of various precious metals such as gold, silver, palladium, tantalum, and gallium makes e-waste attractive for recycling.

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Thus, most companies in the field are either entering into the electronic recycling business or expanding the recycling capacity at their smelting and refining facilities. For instance in June 2012, Boliden Group started a new electronic recycling facility at the Rönnskär copper smelter. The company has increased the smelter’s capacity from 45,000 tons to 120,000 tons per year. The recycling of e-waste for the recovery of various metals is important from the standpoint of saving energy. Moreover, the recycling of e-waste would also help in reducing the burden on mining ores for primary metals. For instance, electronic recycling helps in metals that require significant energy consumption for extraction and are seen in low concentrations in primary ores. More precisely, e-waste is a richer source of precious metals than their primary ores.

The amount of gold recovered from one ton of e-waste from circuit boards of the computers is greater than that recovered from around 17 tons of gold ores. The recovery of base metals such as copper, lead, and zinc and precious metals such as gold, silver and palladium plays an important role in recycling, e-waste management, sustainability, and resource conservation. Sustainable resource management demands the segregation of hazardous resources from e-waste and the maximum recovery of precious metals. Thus, the recycling of e-waste helps reduce pollution, conserve energy, lower greenhouse gas emissions, and conserve resources by extracting fewer raw materials from the earth’s crust. Due to all these advantages, the demand for electronic scrap recycling market is expected to soar significantly during the forecast period.

On the basis of metals extracted, the global electronic scrap recycling market is segmented into ferrous, non-ferrous and precious metals. In terms of volume, in 2014, ferrous metals were the major contributor in the market and accounted for around 40% of the overall electronic scrap recycling market. However, precious metals segment is expected to expand at a CAGR of 11.2% from 2015 to 2022.

In terms of electronic scrap generation, the market is segmented into office, IT equipment, and handheld devices, large white goods, small household appliances, lighting and electric product and automotive components. In 2014, large white goods segment accounted for the largest volume share of around 50% of the overall electronic scrap generated, globally. However, small home appliances segment is expected to grow at fastest rate in terms of volume in the electronic scrap generation market during the forecast period from 2015 to 2022.

Geographically, Europe is the largest market for electronic scrap recycling globally and it is expected to maintain its dominant position throughout the forecast period. In 2014, Europe accounted for around 29% of the overall electronic scrap recycling market. However, Asia Pacific is expected to witness fastest growth during the forecast period. Asia Pacific, especially in terms of countries such as China, Japan, South Korea, India, Australia, and Singapore, offers several growth opportunities for the electronic scrap recycling market. China, South Korea, and Japan are the key markets in this region. Advancements in technology and rapid industrialization have led to the accretion of electrical and electronic waste in Asia Pacific, leading governments to pass certain regulations pertaining to electronic waste recycling. In addition to government policy impetus, increasing awareness of the hazardous effects on health and the environment, as well as the potential value of resources within e-waste also fueled the electronic scrap recycling market in this region

The global electronic scrap recycling market, in current situation shows the presence of key players including Boliden Group, Umicore N.V., Dowa Holdings Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata Plc, Enviro-Hub Holdings Ltd., Outotec Oyj, Mitsui & Co., Ltd., Mitsubishi Materials USA Corporation, MRP Company, Inc., Aurubis AG, and JX Nippon Mining and Metal Corporation, Electronic Recyclers International, Inc., Sims Metal Management Ltd., Stena Technoworld AB, Tetronics Ltd., and Global Electric Electronic Processing Inc.

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Pet Wearable Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The global pet wearable market is prognosticated to showcase immense growth in the coming years. Transparency Market Research (TMR) recently published a report predicting the complete landscape of the pet wearable market. The vendors present in the industry are highly competitive and are expected to adopt strategic expansion to monetize upon the industry gains. There are a number of companies vying for the top spot such as PetPace Ltd, DeLaval Inc., Bedap N.V., IceRobotics Ltd., and Loc8tor Ltd. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market.

The report authored by TMR prognosticates the worldwide pet wearable market to exhibit a vigorous CAGR of 12.0% between 2016 and 2024, the forecast duration. The market, which stood at US$1.0 bn in 2016 is expected to reach a valuation of US$2.5 bn by 2024. North America and Europe are anticipated to dominate the market with about two-thirds of the market share in their hands. The percolation of Internet of Things into a plethora of technologies could be responsible for rise of location-based and tracking applications.

Rising Demand for Pet Tracking to Boost Worldwide Market

The rising selection and use of therapeutic diagnostics for pets is anticipated to drive the market over the forecast duration. Medical tagging of pets, animals, and endangered species is counted upon to gain momentum and significance. Moreover, IoT is predicted to profoundly affect restorative finding and medicines. Growing awareness for the remote observing, distinguishing proof and tracking, and conduct checking and control of pets are expected to fuel demand throughout the upcoming years. Usage of GPS-based screens, cameras, and wellbeing trackers that utilization application innovation for acquiring ongoing updates on buyer gadgets is anticipated to be a pivotal market driver.

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The rising interest for wellbeing and security, ongoing situating and development in mapping entries with the expansion infiltration of cell phones are anticipated to invigorate the GPS innovation demand in pet wearable gadgets.

Technological Innovations to Provide Impetus to Market Upswing

The global pet wearable market is prognosticated to witness immense opportunities for growth in the coming years. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market. The Internet of Things (IoT) interfaces include billions of gadgets and sensors to create inventive applications. The IoT correspondence fundamentally associates different gadgets, for example, cell phones, portable PCs, and tablets, with individuals and groups of people. This association additionally sends information to the unified server through systems, for example, remote neighborhood (WLAN), RFID, and Bluetooth. At present, some minimal effort remote sensor hubs are being utilized as a part of IoT frameworks. These hubs are anything but difficult to convey and can be controlled and observed from remote areas. They likewise incorporate low power radio and power administration systems for consistent operation. Thusly, these sensors have turned into an essential piece of the IoT innovation in numerous applications including the smart pet wearables.

Another key factor influencing growth of the pet wearables market is the rising utilization of computerized maps by cell phone producers. It has been deduced that the use of advanced maps has been growing altogether over businesses including the pet wearable market. Versatile applications created with inbuilt computerized maps recover data from pet tracker gadgets to track the area of their pets if lost or stolen. For instance, Tractive forms applications and online networking stages alongside pet wearables to build up a biological system for pet proprietors. The organization offers Tractive GPS 2, which gives constant following component by utilizing various sensors, for example, movement, encompassing temperature, and light.

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Wireless Intercom Market – Industry Analysis, Growth and New Market Opportunities Explored

The intense competition between RTS Intercom, Clear-Com Ltd., and Commend International GmbH characterizes the competitive landscape of the market for wireless intercom in Asia Pacific, finds a report by Transparency Market Research.

These wireless intercom manufacturers rely on product innovations and integration of latest technologies in their existing offerings to grab an edge over each other. For instance, Commend Int. introduced an advanced version of its intercom solution in April 2015, integrated with intelligent volume control function to enhance the speech volume and degrade the background sound in noise-polluted environments. By September 2015, Clear-Com also came up with DX410, a 2.4GHz base station, offering a two-channel, frequency hopping system.

Over the forthcoming years, other than innovation and advancements, competitors in this market will look for strategic alliances with companies in the media and technology sector in order to incorporated technological developments in their products, strengthening their position in Asia Pacific.

Need for Robust Security Solutions Boosts Demand for Wireless Intercoms

Asia Pacific is undergoing a phase of rapid advancements in terms of economy and infrastructure. This infrastructural development has fuelled the need for robust security solutions across the region. The demand for efficient security in Asia Pacific is also witnessing a remarkable surge due to the growing concerns over threats to safety and security, considering the increased crime rate and terror attacks.

Intercoms, being one of the most essential components of a security systems, is, thereby, also witnessing an immense surge in demand in this region. Wireless intercoms, owing to their easy handling, experience a higher demand compared to traditional wired ones. Technical advancements in wireless intercoms, such as the integration of encryption techniques, is also an important factor behind the increasing preference for them over wired intercoms.

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Going forward, the rocketing urbanization, together with the speedy growth of smart cities across Asia Pacific, is likely to prepare ground for the widespread application of wireless intercoms over the next few years in this region.

Increasing Demand for Wi-Fi-based Wireless Intercoms to Impact Growth Rate of RF-based Wireless Intercoms

The Asia Pacific market for wireless intercom has witnessed a tremendous rise since the last decade, says TMR. Analysts expect it to remain registering steady growth in the near future. Rising at a CAGR of 12.30% between 2015 and 2023, the opportunity in wireless intercom, across Asia Pacific, is likely to increase from US$0.4 bn in 2014 to US$1.1 bn by the end of the forecast period.

Based on technology, radio frequency-based wireless intercoms led the overall market in 2014 with a demand share of more than 80%. The segment is likely expand at a CAGR 10.5% during the forecast period; however, with a 19.80% CAGR, the demand for Wi-Fi-based wireless intercoms will register the fastest growth over the next few years.

By end user, large enterprises are the key consumers of wireless intercoms in Asia Pacific. The trend is expected to remain the same during the forecast period. In terms of industry verticals, security and surveillance have emerged as the leading segment and is projected to continue to lead in the coming years.

Regionally, wireless intercoms enjoy maximum application in the Rest of Asia Pacific. Any change in this condition is not expected in the near future.

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