Additive manufacturing with metal powders market share is depicting immense traction majorly due to the increasing usage of 3D printing and prototype mechanisms for economical and reliable product development. With technological development there has been increasing innovation in 3D printing industry. Several 3D printing software have been launched to support the changing industry demands.
Most of the companies are upgrading their design perspective in order to enhance production and validation with the help of prototypes. At present, many companies across different end-use domains have implemented the technology on a large scale and with constant technological developments to meet the changing demand, the industry participants are carrying out innovations in 3D printing.
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Several benefits offered by the technology include development of lighter, highly complex designs that may be expensive or difficult to design with the use of conventional dies, molds, and milling. Additionally, it also ensures time-saving, weight savings and allows alterations on the run. In terms of application spectrum, the global 3D printing with metal powders industry is classified into aerospace, medical, automotive, oil, and gas.
Aerospace sector is poised to emerge as a lucrative application segment in additive manufacturing with metal powders market. The rise in disposable income among people has led to increased air travel across the globe for leisure holidays, business or medical services. Growing deployment of airplanes for commercial and defense use has propelled aircraft production over time. The use of 3D printing in the production of turbine parts, engines and interiors will support the industry trends.
Reportedly, more than 20% of the aerospace engineering companies use the technology to produce tooling elements. The market participants are constantly aimed at reducing the weight of the aircraft which helps in fuel efficiency and reduces operating costs. Rising use of lightweight materials such as titanium, stainless steel, copper and aluminum ensures weight reduction in airplanes.
Surging use of these technologies in aerospace industry companies has led to increased investment in the research and development in the sector, focusing on minimizing the cost of models and prototype development. Additive manufacturing with metal powders market size from oil and gas applications is poised to be valued at more than USD 45 million by 2024.
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The use of additive manufacturing technology in the production of complex parts such as gears, pipeline rings, nozzles, impellers, sealing accessories and control valves will boost the technology penetration over the years. Moreover, there is a rising need to control the GHG emission levels, reduce cost and improve performance of the components across the oil and gas sector.
Aluminum alloys segment is estimated to showcase widespread gains of more than 27% over the forecasted timeframe. Parts made from aluminum powder are extensively used in automotive, general engineering and motor racing owing to rigid and lightweight characteristics. Durability, corrosion resistance, and welding capabilities are some of the pivotal aluminum alloy properties that make the product suitable for automobile industry applications.
Regionally, U.K. additive manufacturing with metal powders market demand is slated to witness growth of more than 25% over the projected period. High disposable income has led to development across several critical sectors of the economy. Rapid adoption of 3D technology in the region especially in the automobile industry will supplement additive manufacturing with metal powders market outlook across the region.
The presence of a robust automotive sector in U.K. and high purchasing power among the people will steer developments and innovations in the industry. Electron Beam Melting (EBM) and Laser Engineering Net Shape (LENS) technologies are notably used in the region to develop complex geometrical parts of automobiles and aircraft.
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Few advantages associated with the use of Electronic Beam Melting 3D printing method include minimum material wastage, reduction in oxidation owing to a vacuum environment, low set up cost and geometric freedom for product designers. LENS facilitates the ability to create a fully dense shape, functionally graded material deposition and closed-loop control of process.
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Growing health concerns among consumers and the consequent inclination towards low-fat foods is anticipated to drive microcrystalline cellulose (MCC) market trends in the coming years. Ongoing advances in technology aimed to use the ingredient to develop innovative personal care products will likely play in key role in propelling the industry outlook. In recent times, mounting environmental concerns have encouraged manufacturers to obtain MCC, which is also known as refined wood pulp, from non-wood sources.
There has been a surge in R&D investments in the pharmaceutical sector which will prove to be a key growth enabling factor for MCC market. For instance, the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) reported the total R&D investment in the U.S. pharmaceutical sector during 2016 to be more than USD 60 billion. As an increasing number of manufacturers focus on technological advances and product innovations to gain competitive edge, these numbers are projected to rise further.
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Majority of R&D activities have been aimed to enhance the mechanical properties of the product. Manufacturers are experimenting with advanced technologies and innovative methods such as the use of silicified microcrystalline cellulose (SMCC) to achieve the same. In this method, a low compressible grade product is co-processed with silicon dioxide (SiO2) as excipient. Preferably, a 98:2 ratio of cellulose and SiO2 is used to obtain lubricated or silicified MCC.
SMCC offers superior binding properties as well as excellent lubrication efficiency. Enhanced blending properties offered by SMCC allows manufacturers to develop distinctive and low-cost formulations particularly in the production of tablets. The method can apparently be used for both MCC-l and MCC-II to manufacture SMCC-l and SMCC-II respectively.
Wood pulp is the majorly used and most easily available source of cellulose used to manufacture MCC. Manufacturers usually ink long-term manufacture and supply agreements with end-use industries such as food & beverage, pharmaceutical and personal care to consolidate the supply chain. However, stricter norms driven by rising environmental concerns are forcing manufacturers to switch to non-wood based sources of cellulose.
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Food & beverage industry segment in global MCC industry share will experience lucrative growth in the coming years. This can be primarily attributed to extensive product use in the food & beverage sector as a stabilizing agent to extend the shelf life of products. MCC does not react with milk protein which makes it suitable for use in dairy applications. The product acts as a dispersing and suspending agent and helps prevent the sedimentation of insoluble particles in dairy products.
Asia pacific MCC market is poised to witness robust growth over the forecast timeframe. Rapid urbanization and industrialization along with a fast-growing population has resulted in the expansion of food & beverage, pharmaceutical and personal care industries in the region. APAC is also facing strong demand for paints & coating products.
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Growth of emerging economies such as Indonesia, Malaysia, Thailand and Vietnam is favoring the business growth. Manufacturers are increasingly focusing to develop high-quality products to address the growing consumer demands. Increased R&D activities undertaken by industry players to use non-wood based sources of cellulose will drive the regional growth.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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As per a research report by Global Market Insights, Inc., Asia Pacific food packaging market is predicted to surpass $170 billion by 2025.Asia Pacific food packaging market is set to witness momentous growth on account of growing consumption of convenience food. Additionally, the growth is also likely to come from rising prevalence of e-commerce in the region.
Speaking of the e-commerce adoption, the region is witnessing a massive shift in the food industry since the customers are turning to packaged foods over cooked meals. This change can be attributed to the time required for meal preparation, hectic lifestyles, rising disposable income and growing availability of packaged food products.
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Consumers are leveraging several e-commerce platforms to order packaged food products. Packaged foods offer timely delivery, better discounts and convenience. These factors have further led to higher innovations in the APAC food packaging market and would also support the market expansion over the forthcoming years.
With mounting concerns of waste generation, climate change and global warming, the recycled products segment is anticipated to witness lucrative growth during the forecast timeframe. The segment is likely to grow at a CAGR of more than 3.5% from 2019 to 2025. Recycling offers environmental benefits like pollution reduction. Additionally, it also helps conserve natural resources, enhances cost effectiveness of manufacturing processes.
With respect to layer, the single layer packaging segment is projected to grow at a healthy CAGR of 3% through 2025. Single layer packaging includes metal packaging, glass packaging, monolayer coated/uncoated flexible and rigid products. These numerous varieties offered by the single layer packaging would drive its market demand.
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Glass food packaging would individually exceed $7 billion over the forecast timespan. The heavy usage of the product in manufacturing of containers, bottles would augment its demand in the market. Additionally, it efficiently preserves flavor, quality as well as taste of beverage and foods it contains. In addition, the glass packaging can also be recycled again, making it an ideal packaging choice as enterprises focus on being more sustainable.
With rising demand of fresh food and beverages, aseptic packaging would witness lucrative growth over the forecast timespan. It would account for about one tenth of total volume share. This type uses high temperature for food packaging. The high temperature maintains the freshness of beverages and food items. Rising use of aseptic packaging in storing soup, tomatoes, and milk among others would be the key factors augmenting the segment’s growth in the future.
Apart from aseptic packaging, transparent packaging industry is set to witness considerable growth during the forecast timespan. Rapid printing procedures and cost-effective production are the key factors driving the sector growth. It is anticipated to contribute for about one-fifth of the market share through 2025.
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All in all, growing adoption of e-commerce, rising need of fresh food and beverages would offer better expansion opportunities for market players. The competitive landscape of Asia Pacific food packaging market includes players like Crown Holding Inc., Mondi Plc, Amcor plc, Stora Enso Oyj, Sealed Air Corporation, Berry Global Group, Inc and Sonoco Products Company.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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APAC extruded MS polymer market for construction applications is set to reach USD 56 million by 2025. Driven by an upsurge in constructional activities across Asia Pacific, the market is projected to witness massive growth. Typical construction applications of the product includes usage in the production of transparent partition sheets for interior decorations. Also, extruded MS polymer is used in digital signage technology. Growing popularity of digital signage in Asia Pacific region coupled with rising regional expenditure on advertising is likely to foster market growth over the coming years.
Extruded grade of MS polymers is gaining traction in the construction industry owing to various desirable properties of the product, such as excellent clarity, weatherability, and rigidity. In addition, they exhibit good surface hardness and outstanding optical clarity, which make them well suited for the production of transparent partition sheets for interiors. Moreover, low price index of the product and availability in a wide range of colors and textures make them highly preferable in interior decoration applications.
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Market share from interior partition applications account for an advantageous share of the global Asia Pacific extruded MS polymer for construction industry revenue. Contemporary home decor trends pervading in the region favor the usage of room dividers for enhancing the aesthetic appeal of living spaces, which is generating massive demand for extruded MS polymers.
Besides interior partition, extruded MS polymers are utilized for a plethora of other applications owing to their superior chemical, thermal, and mechanical properties. Also, with constant upgradation of the product, new application avenues are opening up for the construction industry. A consolidating trend that has been observed over the past few years is the progressive use of biodegradable polymers by industry players. Given the escalating level of concern regarding environmental degradation, industry players are introducing ecological alternatives to reduce the environmental footprint of these products.
Asia Pacific extruded MS polymer market is characterized by fierce competition, where each player is endeavoring to gain an edge over the other. This cutthroat competition has resulted in the development of novel techniques, as well as new product launches, which is likely to propel Asia Pacific extruded MS polymer industry growth further.
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Rising construction spending is a common theme across various countries of Asia Pacific, including Indonesia, Japan, India, Malaysia, and Singapore, which is translating into increased demand for extruded MS polymer. Additionally, surging foreign investment in domestic construction market along with rigorous infrastructure developmental activities in the region is generating massive extruded MS polymer market demand. Expanding distribution network has also resulted in increased product availability across the region, which is further boosting Asia Pacific extruded MS polymer market outlook.
Speaking of country-wise contribution, China is likely to remain the most lucrative revenue pocket for APAC extruded MS polymer for construction applications on account of growing number of extruding facilities in the country. Going along similar lines as of China, Japan is slated to emerge as a key growth ground for extruded MS polymer business. Burgeoning demand from key end use industries, especially construction is fostering industry expansion.
Furthermore, ongoing aggressive R&D activities by industry players in the country towards the enhancement of polymeric properties to make them suitable for a wider range of industrial & commercial applications is fueling market growth.
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Other end use industries, including plastic, electronics, and automotive are also inducing considerable demand within Japan extruded MS polymer market. The plastic industry has a noteworthy contribution in this regard. As per estimates, plastic production in Japan for deformed extruded products until July 2019 amounted to 16,939 tons, while plastic production for building materials until July 2019 amounted to around 158,015 tons.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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The Ultra-High Molecular Weight Polyethylene Market is likely to portray an upward trend owing to developments in the healthcare industry. Global healthcare expenditure is likely to increase from around USD 7 trillion in 2017 to more than USD 10 trillion by 2022.
This growth is driven by various factors like rising population, increasing public & private investments, technological advancements, improving disposable income in emerging markets, etc. Such growth in the healthcare sector will significantly increase demand for ultra-high molecular weight polyethylene. This is owing to the product usage in various medical applications like hip & spine implants, joint replacements, surgical sutures, etc.
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High-modulus polyethylene is a unique engineered thermoplastic which possess supreme physical & mechanical properties like corrosion resistance, wear resistant, excellent strength in high temperature, chemical resistance, etc. These qualities play a vital role in the defense sector.
Its high energy absorption capacity and stress resistance makes it suitable to be used in ballistic protection applications like protection panels, insert plates, helmets etc. Rising defense expenditure in U.S. will significantly increase the product demand in near future.
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On the basis of grade, the ultra-high molecular weight polyethylene market is segmented into virgin, reprocessed, antistatic, FDA compliant, flame retardant, and others which include oil filled, UV resistant, etc. Virgin grade ultra-high molecular weight polyethylene is likely to attain a significant share owing to its excellent strength and machinability. This grade is used in various applications like cutting boards, slides, rollers, metal detector troughs, trimmer lugs, etc. Reprocessed grade is a blend of recycled and virgin ultra-high molecular weight polyethylene. These are used in packaging & material handling applications. The grades which are FDA approved can be used in medical industry.
Industrial segment is likely to grow at a significant CAGR owing to the product usage in various material handling applications. Its good abrasion resistance, sliding performance and flame resistant makes it suitable to be used in packaging machinery parts, conveyor systems, guide rails, food processing machinery parts, etc.
Aerospace is another significant end-user which uses high-modulus polyethylene in various interior applications. Its superior mechanical features, cost-effectiveness and light weight are some reasons behind its rising use in the industry. The global aircraft fleet is likely to increase from around 25,000 in 2018 to over 50,000 aircrafts by 2038. Such rise in aircraft production would increase product demand in the coming years.
Asia Pacific is likely to portray a significant growth rate in the coming years owing to developments in its end-user industries like automotive, industrial and electronics. China has become one of the leading automotive manufacturers which accounted for about 27 million motor vehicles in 2018.
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Major players in the ultra-high molecular weight polyethylene market are Honeywell International, Celanese Corporation, Royal DSM, Teijin Aramid B.V., Mitsui Chemicals, Inc., etc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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