How is Growth of Semiconductors and Electronics Industry Driving Electroceramics Market?

The semiconductors and electronics industry plays a significant part in technological advancements, which is why the industry is expanding rapidly. For example, as per Fortune Business Insights, the semiconductor market is projected to reach a value of $730.29 billion by 2026, owing to the rising utilization of consumer electronic devices. The manufacturing of different semiconductors and electronic devices needs suitable materials so as not to pose any problems when they are being used. Electroceramics materials are equipped with various properties that make them suitable for usage in the semiconductor and electronics industry. Moreover, with the expansion of this industry, the demand for electroceramics is rising as well.

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Ceramic materials that have the ability to perform an electronic function for a specific application area referred to as electroceramics. These materials are utilized in the manufacturing of semiconductors and electronics devices, such as sensors, actuators, capacitors, power distributions devices, and data storage devices, owing to their technological feasibility, ability to maintain economic viability and optimize size and space constraints in the final products. According to a P&S Intelligence, in 2017, the global electroceramics market reached a value of $8,590.9 million and is expected to generate a revenue of $12,084.4 million in 2023, advancing at a CAGR of 5.9% during the forecast period (2018–2023).

There are several types of electroceramics, some major types are magnetic ceramics, dielectric ceramics, piezoelectric ceramics, and conductive ceramics. Dielectric ceramics are utilized the most for the manufacturing of capacitors and insulators that are major components in industrial and consumer devices. All these electroceramics are manufactured using different materials including alumina, titanate, and zirconate. As alumina-based electroceramics are harder, have better thermal conductivity, substantial wear and tear resistance, and high electrical insulation at high temperature ranges than other electroceramics, the demand for these ceramics is expected to be the highest in the coming years.

The demand for these different types of electroceramics is further projected to grow during the forecast period because of the global transition toward high-volume and high-speed data transfer. In the past few years, the requirement for electronic devices and components has risen because of growing data creation and application, enhancing network infrastructure, and digitalization across various countries. As an integral part of telecommunication devices, electroceramics have the ability to handle this growing demand for catering to the need for high-speed and high-volume requirements without compromising the technological feasibility of a telecommunication network.

The requirement for electroceramics is expected to rise significantly in the coming years in the Asia-Pacific region, primarily because of the growing adoption of these materials in automotive and electronics manufacturing industries. The need for consumer electronic products in developing countries including Taiwan, China, South Korea, India, and Japan is increasing rapidly because of rising disposable income of people. In addition to this, there are large production bases for the manufacturing of communication and information technology goods in the region, which meet the requirement for electronic products across the globe. These factors are leading to the growth of the electroceramics market in the region. In conclusion, electroceramics are being adopted in different industries for different applications because of their ideal properties.

Automotive Original Equipment Manufacturer (OEM) Coatings Market Growing Steadily

In many societies, owning a vehicle is not only a result of necessity, but also a symbol of luxury and class. This is why automobile sales have skyrocketed across the world in the last decade, especially in developing economies. As such countries are experiencing economic prosperity, the disposable income is rising, encouraging consumers to purchase things, which were earlier unaffordable, such as vehicles. Apart from private transport, vehicles are also used for mass transit, military transportation, and freight moving, the rate of all of which is rising. As the demand for automobiles is growing, manufacturers are increasing their production volumes, which is leading to an ever-increasing consumption of automotive components and materials, such as paints and coatings.

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In 2018, the automotive original equipment manufacturer (OEM) coatings market valued $10,997.4 million, and it is predicted to reach $13,661.4 million by 2024. Other than serving the all-important purpose of aesthetics, coatings also protect vehicles from minute damages caused by road bumps, heat, ultraviolet light, hail, scratches, and snow. With advancements in all aspects of automobiles, the key trend in paints is the development of coatings in the powder form. Such coatings emit almost negligible volatile organic compounds, unlike their liquid counterparts, which make them compliant with the environmental policies of numerous countries.

A key driver, as mentioned above, for the growth in demand for automotive coatings is the expansion of the global automobile industry. Nations including Thailand, India,the Philippines, Indonesia,and South Korea display immense potential, as far as the two- and four-wheeler sales are concerned. The tier-II and tier-III cities in these countries are witnessing rapid urbanization and increase in the disposable income, which is expected to raise personal vehicle adoption here. With improvements in road connectivity in rural and semi-urban areas, automobile sales are expected to rise further, in turn, leading to an increased consumption of OEM coatings.

Coatings are applied to metal as well as plastic parts of automobiles, of which metal parts accounted for the higher application of such materials during 2014¬¬–2018. This is because of the simple reason that the majority of the automobile parts are made of metal. Of the two major types of end users, based on the type of vehicles they manufacture — light and commercial — light vehicle OEMs consumed the higher amount of coatings during the historical period, and they are expected to maintain their dominance on the market in the future.

The automotive OEM Coatings market growth is predicted to be the most significant in Asia-Pacific (APAC). This is because India, China, and Japan are three of the largest automobile markets globally. A large number of auto giants are based in APAC, such as Toyota, Hyundai, Nissan, and Suzuki; further, the region is also home to the manufacturing plants of European and North American automakers, including Ford, BMW, Volkswagen, and Daimler. Additionally, several non-APAC automakers are signing pacts with regional OEMs for automobile production. For instance, in April 2017, Volkswagen signed an agreement with India-based Tata Motors to manufacture vehicles for India and other nations.

It is developments like these, which would lead to an even higher automobile production in APAC, which would, in turn, result in a rising demand for OEM coatings.

How is Increasing Vehicle Production Driving High Temperature Elastomers Market?

The vehicle production around the world is increasing primarily due to the rising disposable income of people. As per the European Automobile Manufacturers Association, over 80 million passenger cars were produced across the globe in 2017. Furthermore, approximately 18.4 million commercial vehicles were manufactured in 2016 globally. The automotive industry in regions including Latin America and Asia-Pacific is particularly witnessing significant growth. This rising production of vehicles is generating increasing demand for high temperature elastomers, as they are preferred for dampers, gaskets, hoses, boots, and seats, which in turn, is attributed to their flexibility and resistivity to heat and automotive lubricants.



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Synthetic and natural polymers which possess elastic properties are referred to as elastomers. High temperature elastomers are polymers that are made from long chain of atoms possessing elastic property and have the ability to withstand high range of temperatures. According to a report by P&S Intelligence, in 2017, the global high temperature elastomers market generated a revenue of $9,9991.7 million and is projected to attain a value of $14,951.4 million in 2023, witnessing a 7.0% CAGR during the forecast period (2018–2023). Geographically, Asia-Pacific created the largest demand for high temperature elastomers during 2013–2017 due to the rising construction activities, swift economic growth, and presence of large number of electric and electronics manufacturing companies.



The rising investment for the development of advanced elastomers is a key trend in the high temperature elastomers market. Different companies in the domain have started investing in research & development activities foe expanding their application areas and targeting new industries. In addition to this, the rising requirement for new and advanced polymers with unique properties are further resulting in increasing investments by the manufacturers. There is a growing need for improving the control of molecular structure, formulating existing polymer types, and copolymerization. Attributed to this, the manufacturers are focusing on new polymerization techniques and catalysts for controlling tacticity, molar mass distribution, molar mass, and comonomer composition.


High Temperature Elastomers Market Competitive Landscape

Some of the major players operating in the global high temperature elastomers market are Dow Corning Corporation, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., RTP Company, Shin-Etsu Chemical Co., Ltd., and The Chemours Company.

GLOBAL HIGH TEMPERATURE ELASTOMERS MARKET SEGMENTATION

By Type

Fluorocarbon
Perfluorocarbon
Silicone
Fluorosilicone
Others

By Application

Automobile and Transportation
Semiconductor and Electronics
Healthcare
Consumer Products
Industrial Machinery
Others

Increasing Focus of Manufacturers on Brand Protection Driving Anti-Counterfeit Packaging Market

In 2017, the global anti-counterfeitpackaging market generated $114.4 billion and is predicted to attain a value of $208.4 billion in 2023, advancing at a 10.9% CAGR during the forecast period (2018–2023). The market is registering growth due to the rising focus on brand protection and expansion of the counterfeit industry. The unauthorized reproductions of a trademarks brand which are identical to genuine products is counterfeiting. Secure packaging is needed for avoiding this counterfeiting of products. Anti-counterfeit packaging is the process of assigning secure packaging to the products for minimizing infringement and counterfeiting.

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When technology is considered, the anti-counterfeit packaging market is divided into track & trace, covert, forensic, and overt. Among these, the track & trace division dominated the market during the historical period (2013–2017) and is predicted to register the highest CAGR of 11.3% during the forecast period. This is because of the increasing adoption of tracking and tracing by the manufacturers for avoiding any technological complications n the supply chain. The technology includes the assigning of unique identity to each product that helps in the tracing of product later in the supply chain.

The growing focus of manufacturers on brand protection is a key driving factor of the anti-counterfeit packaging market. The concern among manufacturers regarding losses due to the sales of counterfeit products is increasing. This, along with concerns regarding brand dilution, is driving the market. For example, the requirement for anti-counterfeit technologies by the pharmaceutical industry is rising because of the high demand caused by the utilization of spurious products. As per the industry experts, at least 1% of all the drugs that are circulated are counterfeit even in the most secure market.


Among the different regions, namely Middle East & Africa, North America, Central & South America, Europe, and Asia-Pacific, North America held the largest share of the anti-counterfeit packaging market during the historical period and is further predicted to dominate the market during the forecast period. The reason for this is the strong base of food & beverage, pharmaceutical, and consumer goods manufacturing companies in the region. The Asia-Pacific region is expected to grow at the fastest pace during the forecast period.
Hence, the market is growing due to the expanding counterfeit industry and rising focus of manufacturers on brand protection.```````````````````````

How will Rising Demand for Packaged Products Stimulate Growth in APAC Printing Inks Market

Printing inks can be defined as pastes or liquids, containing pigments or dyes, which are majorly used for coloring a surface, in order to produce a design, text or image. Owing to the increasing consumption of packaged food items and growing demand for bio-based products, the Asia-Pacific printing inks market is expected to reach $7,000.2 million in revenue by 2023, from $5,344.1 million in 2017. It is also predicted to register a 4.6% CAGR during the forecast period (2018–2023).


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Due to the rising awareness about the hazardous effects of volatile organic compound (VOC) emissions and growing concerns over the presence of heavy metals in printing inks, those made from bio-based products are set to witness a surge in usage, in the coming years. Moreover, these inks easily separate from paper, thus resulting in a better recyclability of paper. This is expected to cause a massive upswing in the market, by driving the demand for bio-based products.



The APAC printing inks market, on the basis of product, is categorized into gravure inks, digital inks, flexographic inks, letterpress inks, lithographic inks, and others, wherein the others category includes fluorescent inks, magnetic inks, and metallic inks. Amongst these, flexographic inks, on account of their ability to support multiple colors as well as be used with both oil-based and water-based inks, are expected to register the fastest growth during the forecast period, with a CAGR of 5.7%.



Based on application, the APAC printing inks market is divided into commercial printing, publication, labels and packaging, and others, which includes apparel printing and decorative printing. Out of the different market categories, labels and packaging occupied more than 40.0% market share in 2017. The main factor which contributed toward its commanding market position was the high number of packaging applications in the e-commerce industry. These application areas are predicted to widen, thereby increasing the demand for printing inks during the forecast period.



The key trend being witnessed in the APAC printing inks market is the ballooning investments directed toward the expansion of the production capacity in the region, which have resulted in the setting up of new printing ink production plants. Further, a drastic shift toward flexographic inks from traditional products is also being witnessed. Flexographic inks provide innumerable advantages, such as fast printing process, plethora of color options, and the ability to print on non-absorbent substances, which is why the preference for these is surging.



In the APAC region, countries such as India, China, and Indonesia, on account of large-scale industrialization and commercialization, have emerged as some of the biggest markets for printing inks, in the last few years. Owing to the increasing urbanization and growing literacy rate, China recorded the largest share, amongst all the countries, in the APAC printing inks market, in 2017. Due to the rapidly rising demand for packaging and paper media, China is predicted to maintain its lead in the market till 2023.



Thus, the rising incorporation of bio-based products in a variety of applications, burgeoning manufacturing sector, and increasing sale of packaged products will lead to a flourishing market in the coming years.