Global Silicone (except Resins) Market

The automotive airbag silicone market consists of sales of automotive airbag silicone and related services by entities (organizations, sole traders, and partnerships that manufacture automotive airbag silicone. Automotive airbags contain silicone which offers various properties such as thermal resistance, slip, and protection. If there is a car crash then airbags create heat and passengers in the car risk getting burnt, therefore applying a thin layer of silicone to the airbag will help protect the fabric from heat and prevent burn to passengers. Only goods and services traded between entities or sold to end consumers are included. The main types in the automotive airbag silicone market are cut-and-sewn seam-sealed, one-piece-woven. An inflatable vehicle occupant protection device will have a one-piece woven (OPW) construction in which overlying fabric panels are woven simultaneously. The positions involved are front, knee, curtain/side, and others. The vehicle types involved are passenger cars, HCV, HCV. The global automotive airbag silicone market size is expected to grow from $235.89 million in 2021 to $318.75 million in 2022 at a compound annual growth rate (CAGR) of 35.1%. The global automotive silicone airbag market size is expected to grow to $610.77 million in 2026 at a CAGR of 17.7%. Airbags are made mandatory in front seats for vehicles and this factor is expected to drive the automotive airbag silicone market during the forecast period. Airbags are complex devices that work with a vehicles’ metal body and seatbelts to protect occupants and therefore it is made mandatory for vehicles to have airbags at least in front seats as occupant and driver seating in first seats are at high risk of injury when there is any collision or accident. For instance, in India, vehicles manufactured on and after 1st Day of April 2021, in the case of new models, and 1st day of June 2021, in the case of existing models, shall be fitted with airbag for the person occupying the front seat, other than the driver. Thus, making airbags compulsory for front seats in vehicles is driving the market. The increasing development of active safety systems is expected to limit the growth of the automotive airbag silicone market. The active safety system in a car works to prevent an accident. These systems are always active while the car is in driving mode and works continuously to keep the occupants safe from getting into an accident. The active safety systems include automatic emergency braking (AEB), forward collision warning (FCW), active cruise control (ACC), lane departure warning (LDW), lane-keeping assist (LKA), blind-spot monitoring, rear cross-traffic alert (RCTA). According to Consumer Reports, in 2019, the survey covered around 72,000 vehicles, 81% of the car owners are satisfied with automatic emergency braking, 54% of the car owners said the active safety system helped them avoid a crash. The increasing development of active safety systems hurts the automotive airbag silicone market. Innovative airbags design with silicone rubber fabric coatings and seam sealants is an emerging trend in the automotive airbag silicone market. Silicone rubber fabric coatings and seam sealants help airbag design integrity to enhance occupant impact protection and safety. For instance, Dow’s SILASTIC™ silicone engineered elastomers are proven, effective solutions for advanced airbag design. This innovative product meets industry and regulatory requirements for use on cut-and-sewn, seam-sealed (CSSS) airbags, and one-piece-woven (OPW) airbags. It can be included in side curtain airbags, front-center airbags, knee-bolster airbags, frontal airbags (driver and passenger), and side airbags. Major players in the automotive airbag silicone market are Dow, Elkem Silicones, Shin-Etsu Chemical, Wacker Chemie AG, TORAY Industries, Toyobo, Zodiac, and Porcher Industries. North America was the largest region in the automotive airbag silicone market in 2021. The Middle East was the second largest region in the global silicone automotive airbag market. The regions covered in the global automotive airbag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive airbag silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The global automotive airbag silicone market is segmented - 1) By Airbag Type: Cut-and-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW) 2) By Airbag Position: Front, Knee, Curtain/Side, Others 3) By Vehicle Type: Passenger Cars, LCV, HCV

The automotive gaskets and seals market consists of sales of automotive gaskets and seals products and related services by entities (organizations, sole traders, and partnerships) that manufacture automotive gaskets and seals. Gaskets and seals are automotive components that prevent the leakage of oil, coolant, and air between different areas of a vehicle such as engines. Gaskets are usually used as static seals to seal a connection between two components that have flat surfaces, whereas seals are used between engine parts that rotate. Both gaskets and seals offer high flexibility, reliability, strength, and resistance to extreme heat. They can also sustain extreme pressures, compressive loads, and temperature variations. The main types of automotive gaskets and seals by material include fiber, graphite, PTFE, rubber and silicone. Fiber gaskets and seals are mainly used in the chemical and petroleum product manufacturing industries. PTFE has a gasketing material has strong chemical resistance properties. Rubber seals are widely used to prevent leakage of air, chemicals, gases, or liquids. Silicone gaskets have excellent resistance to aging, chemicals, fire, fungal growth, heat, water, and ozone. Major end-users of gaskets and seals include the automotive, aerospace, machinery, electronics and electrical, and marine and rail industries. The global automotive gaskets and seals market size is expected to grow from $15.22 billion in 2021 to $15.99 billion in 2022 at a compound annual growth rate (CAGR) of 5.08%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive gasket and seal market is expected to reach $19.66 billion in 2026 at a CAGR of 5.30%. Increasing demand for electric vehicles is driving the automotive gaskets and seals market. Gaskets and seals are used in many EV applications such as battery packs to provide environmental sealing and insulation. As of 2020, there were 10 million electric vehicles on the roads globally. In 2020, global electric car sales reached about 3 million, with new electric car registrations increasing by 40%. Therefore, rapidly growing demand for electric vehicles is supporting the growth of the automotive gaskets and seals market. 3D printing is increasingly being used in the manufacturing of automotive gaskets and seals. 3D printing or additive manufacturing is the process of making three-dimensional objects from a digital file. By using 3D printing, manufacturers can economically and efficiently create gaskets of varying dimensions as per applications. For example, DP Seals, a leading global supplier of custom seals, gaskets and moulding uses 3D printing rubber seals to identify design faults and accelerate the development process. Major players in the automotive gaskets and seals market are Freudenberg, Elringklinger, Dana, SKF, Trelleborg, Tenneco(Federal-Mogul), and Flowserve Corporation. Asia Pacific was the largest region in the automotive gaskets and seals market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive gaskets and seals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive gasket and seal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive gaskets and seals market is segmented - 1) By Material: Fiber, Graphite, PTFE, Rubber, Silicones 2) By Product Type: Gaskets, Seals 3) By End-Use: Automotive, Aerospace, Machinery, Electronics and Electrical, Marine and Rail

The automotive adhesives market consists of sales of automotive adhesives products by entities (organizations, sole traders, and partnerships) that are used as binding substances by automotive equipment manufacturers (OEMs) to bond different substrates of metal, eliminating the need for welding and mechanical bolts, welds, and rivets. Adhesives are lightweight components that are used to join metals, composites, plastics, and other materials together. In the automotive sector, adhesives are used to join various automobile components such as closures and structural modules. Adhesives in automobiles assembly successfully and safely solve important applications that have previously relied on mechanical fasteners (e.g., rivets, welds, screws, and clinches) while giving modern automobiles more design freedom and thus, improve the aesthetic appeal of automobiles. Automotive adhesives are frequently utilized in sealing, holding, and structural applications in both the manufacturing and aftermarket of automobiles. The main types of automotive adhesives by resin type include polyurethane, epoxy, acrylics, silicone, SMP (silane modified polymer), MMA (Methyl Methacrylate adhesives), and others. Polyurethane adhesives are thermoplastic glue or polymers that contain organic chain unit copies joined by urethane links. Epoxy adhesives are formed from epoxy or Epichlorohydrin, a compound that produces a hard layer upon complete curing. Acrylics are resin-based adhesive, comprised of acrylic or methyl acrylic polymers. Silicone resin is a liquid form of adhesive, which appears and functions like a gel. SMP sealants are one component, moisture curing products which form permanent elastic bonds. Methyl Methacrylate adhesives are widely used in the automotive and transportation industry. The market is segmented by adhesive type into structural adhesives, tapes and films, threadlocks and retainers, and liquid gaskets. Major applications of automotive adhesives include body in white (BIW), glazing, powertrain, paint shops, and upholstery. By vehicle type, automotive adhesives are mainly used in passenger cars, light commercial vehicles, trucks, buses, and aftermarket. The global automotive adhesives market size is expected to grow from $4.82 billion in 2021 to $5.11 billion in 2022 at a compound annual growth rate (CAGR) of 6.06%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive adhesive market is expected to reach $6.51 billion in 2026 at a CAGR of 6.24%. The rising demand for lightweight and low-carbon emitting vehicles is expected to propel the growth of the automotive adhesives market. With the implementation of stricter emissions laws as a result of increased exhaust emissions, automobile manufacturers are focusing on producing lightweight automobiles to reduce CO2 emissions. Automotive adhesives are used to replace the nuts and bolts, rivets welding, and more to make vehicles lighter and tougher and hence improve fuel economy and reduce emission. For instance, according to Trading Economics, around 12.8 million autos and light-weighted trucks were sold in the USA in November 2021. According to the European Automobile Manufacturers Association (ACEA) report, 28,704 new plug-in electric LCV registrations were recorded in 2019 (up 21.1% from 23,314 in 2018), accounting for 1.3% of the entire automotive market. Hence, the rising demand for lightweight and low carbon-emitting vehicles will drive the automotive adhesives market. The launch of new adhesives is a key trend in the automotive adhesives market. New product launches increase the product portfolio of a manufacturer and help for the rise of market share. For instance, in August 2020, Bostik a leading global adhesive specialist for industrial, construction and consumer markets, launched a new, innovative water-based adhesive, Aquagrip® 3720, for automotive interior assembly applications, which is used for bonding low surface, rigid substrates to the closed-cell foam and foam-backed materials. In October 2021, Arkema launched a new range of high-performance anaerobic adhesives. This adhesive provides engineers with cost-effective, and convenient alternatives to commonly used mechanical fastening solutions such as washers, gaskets, pins, hemp, and tapes. The new anaerobic adhesive has been launched to address the challenges faced by engineers with increasingly demanding environmental and safety regulations, smaller and more complex designs, and more adaptable and faster processes in the automotive, general assembly, and more. In May 2021, Sika AG, a Switzerland-based chemical supplier of the building and automotive industry, agreed to acquire Hamatite, the adhesive business of The Yokohama Rubber Co., Ltd., for an undisclosed amount. The acquisition of Hamatite, which provides adhesives and sealants to the automotive and construction industries, will boost Sika's market position in Japan by improving access to OEMs and the construction industry. Hamatite is a leading brand in the Japanese automotive and construction industries. Polyurethanes, hot melts, modified silicones, and diverse technologies are among the products in its range and are a preferred solution among regional OEMs for glass bonding and hot melt applications. Major players in the automotive adhesives market are Henkel AG & Co. KGaA, Arkema S.A., 3M Company, DuPont de Nemours, Inc, H.B. Fuller Company, Sika AG, Huntsman Corporation, The DOW Chemical Company, Jowat SE, Hexion Speciality Chemicals, Covalence Adhesives, Solvay S.A., Bayer A.G, Hindustan Adhesives Limited, PPG Industries, ITW Performance Polymers, Ashland Speciality Company, Tesa SE, Bostik S.A, Cytec Solvay, and BASF SE. Asia Pacific was the largest region in the automotive adhesives market in 2021. The regions covered in the automotive adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive adhesives market is segmented - 1) By Adhesive Type: Structural, Tapes and Films, Threadlocks and Retainers, Liquid Gaskets 2) By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Aftermarket 3) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, Others 4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery

The ethyl alcohol and other basic organic chemicals market consists of the sales of ethyl alcohol and other basic organic chemicals by entities (organizations, sole traders, or partnerships) that distill wood or gum into products, such as tall oil and wood distillates, distill coal tars, produce wood or gum chemicals, such as naval stores, natural tanning materials, charcoal briquettes, and charcoal (except activated), produce cyclic crudes or cyclic intermediates (i.e., hydrocarbons, except aromatic petrochemicals) from refined petroleum or natural gas, and/or produce basic organic chemical products (except aromatic petrochemicals, industrial gases, synthetic organic dyes and pigments, gum and wood chemicals, cyclic crudes and intermediates, and ethyl alcohol). The main types of ethyl alcohol and other basic organic chemicals are synthetic sweeteners, plasticizers, ethyl alcohol, silicone (except resins), fatty acids, gum, and wood chemicals. Ethyl alcohol is a colorless, volatile, flammable liquid C2H5OH that is the intoxicating agent in liquors and is used as a solvent and in fuel. The grades are food grade, industrial grade, and cosmetics grade. The end-user industries are the chemical industry, coating and printing industry, electronics industry, food and pharmaceutical industry, and other end-user industries. The global ethyl alcohol and other basic organic chemical market size is expected to grow from $1,087.27 billion in 2021 to $1,176.33 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The global ethyl alcohol and other basic organic chemicals market size is expected to grow to $1,556.98 billion in 2026 at a CAGR of 7.3%. Ethyl alcohol or ethanol is being used as a combination with motor fuel in some countries. Ethyl alcohol used for fuel is being blended into gasoline at concentrations of 5% to 10%. Mostly sugar cane and corn are used to produce ethanol. For example, ethanol has replaced methyl tertiary butyl ether as a gasoline component and 50% of cars in Brazil are using 100% ethanol as fuel. Ethanol-only engines and flex-fuel engines are also adding to the growth of this market. Furthermore, many state and local governments in emerging markets such as China and India are passing laws for mandatory blending of ethanol in gasoline and diesel to reduce carbon emissions. For instance, China announced a nationwide ethanol mandate, which expanded the mandatory use of E10 fuel (gasoline containing 10% ethanol) from 11 trial provinces to the entire country by 2020, thus driving the growth of the ethyl alcohol market. Interest rates globally are forecasted to rise in most of the developing and developed economies during the forecast period. This is expected to limit new investments in the market. Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country. This is likely to affect new investments in terms of expansion, research, and development of new products. For instance, the US interest rates are expected to rise up to 3.5% by 2021. These factors are expected to have a negative impact on the market as borrowing money will become expensive, thereby affecting market growth. Chemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters, and pressure transmitters that help to improve operational efficiency in manufacturing facilities. For example, Siemens process instrumentation and gas analytics solutions increase productivity and efficiency during plant operations. Major companies in the ethyl alcohol and other basic organic chemical market include Archer-Daniels-Midland Company (ADM), Wacker Chemie AG, Celanese, Valero Energy Corp, Lanxess AG, Evonik Industries AG, Kao Corporation, The Clorox Co, Eastman Chemical Corporation, and Atul Limited. Asia Pacific was the largest region in the ethyl alcohol and other basic organic chemical market in 2021. North America was the second-largest region in the global ethyl alcohol and organic chemicals market. The regions covered in the global ethyl alcohol and other basic organic chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethyl alcohol and other basic organic chemical market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global ethyl alcohol and other basic organic chemical market is segmented - 1) By Type: Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals 2) By Grade: Food Grade, Industrial Grade, Cosmetics Grade 3) By End-User Industry: Chemical Industry, Coating and Printing Industry, Electronics Industry, Food and Pharmaceutical Industry, Others

The silicone market consists of sales of silicone and related services for usage in the manufacturing of lubricants and synthetic rubber. They are characterized by thermal stability, hydrophobic nature, and physiological inertness. Silicone (except resins) is widely used in the medical industry to manufacture surgical implants and dental impression materials. The main product types of silicone are elastomers, fluids, gels, and other products. Elastomers are polymers that are having viscosity and elasticity and therefore are known as viscoelasticity. The silicone products are applied in construction, transportation, electrical and electronics, textiles, personal care and pharmaceuticals, and other applications that are used by industrial, electronics, machinery, aerospace, and medical sectors. The global silicone market is expected to grow from $15.88 billion in 2021 to $18.31 billion in 2022 at a compound annual growth rate (CAGR) of 15.3%. The silicone market is expected to grow to $33.74 billion in 2026 at a CAGR of 16.5%. Increase in demand for silicone in different industries is expected to propel the silicone market. Silicone materials are being extensively used in industries such as construction, transportation, electrical & electronics, textiles and personal care, and pharmaceuticals. Silicone materials such as silicone sealants, adhesives, and coatings have major applications in construction. Also, in the electronics sector, silicon is used to provide high thermal stability and resistance to weathering, ozone, moisture, and UV radiation in electronic products. Increasing prices of raw materials adding to the manufacturing costs are expected to restraint the growth of the silicone market. The low availability of raw silicone resulting from the shutting down of the manufacturing facilities is considered to be an important factor affecting the prices of silicone materials. The shutdown of silicone production facilities in Germany, the USA, and China due to different environmental factors and government sustainable policies disrupted the supply of silicone in recent years. This has increased pressure on the manufacturers to raise the prices of silicone materials. For instance, companies such as Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. increased silicone elastomers prices by 10% to 30% due to an increase in raw material and energy costs. Therefore, fluctuations in the prices of raw materials are expected to hamper the silicone market growth. The increasing demand for green chemicals is driving the growth of the silicone market. The increasing stress on the use of environmentally friendly materials is positively affecting the silicone market. Silicone products are regarded as environmentally friendly and more durable than that of plastic products. For instance, in 2019, The Canadian Health Department reported on its website, stated that there are no health risks associated with the use of silicone cookware instead of plastic cookware. In 2019, Elkem ASA, a Norway-based leading silicone manufacturer, acquired Basel Chemie Co., Ltd for an undisclosed amount. Acquisition of Basel Chemie Co., Ltd was aimed to strengthen Elkem ASA’s silicone gel manufacturing capabilities. Basel Chemie Co., Ltd. is a South Korea-based company that specializes in manufacturing silicone gels for its use in cosmetics and water repellents. Major players in the silicone market are Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, and Gelest Inc. Asia Pacific was the largest region in the silicone market. The regions covered in the silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the silicone market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global silicone market is segmented - 1) By Product Type: Elastomers, Fluids, Gels, Others 2) By Application: Construction, Transportation, Electrical and Electronics, Textiles, Personal Care and Pharmaceuticals, Others 3) By End-User: Industrial, Electronics, Machinery, Aerospace, Medical

The adhesive tapes market consists of sales of adhesive tapes by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling the adhesive tapes. Adhesive tapes are a combination of a material and an adhesive layer that can be used to join two objects or materials together. It consists of a pressure-sensitive adhesive, which is coated onto a backing material like paper, plastic film, cloth, or metal foil and has removable release liners protecting the adhesive before usage. The main resin types of adhesive tapes are acrylic, rubber, silicone, and other resin types. Silicone is defined as an inert synthetic compound that can be in the form of rubber, resin, or oil. They are generally present in adhesives, sealants, medical applications, lubricants, insulation, and cookware. The major material types of adhesive tapes are polypropylene (PP), paper, polyvinyl chloride (PVC), and other material types. The main technology types of adhesive tapes include solvent-based, hot-melt-based, and water-based. The various end-uses of adhesive tapes are packaging, consumer and office, healthcare, automotive, electrical and electronics, building and construction, and Other End-Users. The global adhesive tapes market size is expected to grow from $60.82 billion in 2021 to $65.24 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The global adhesive tape market size is expected to grow to $83.91 billion in 2026 at a CAGR of 6.5%. The growth of the automotive industry and the rapid increase in demand for adhesive tapes from the automotive sector worldwide are expected to propel the adhesive tapes market during the forecast period. Adhesive tapes are lightweight, compact, and smooth, making them ideal for use in car interiors for bonding electronic products, parking sensor retainers, door cladding, spoiler, and seals among others. The global passenger car market is expected to increase from $1321.7 billion in 2020 to $1988.7 billion by 2025. Due to an increased affinity for lightweight, metal fasteners are increasingly being replaced in cars with adhesive tapes, thus, the increased production of automobiles will lead to an increased demand for adhesive tapes and boost their sales. Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals – increased in the historic period. Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, were a major restraint for adhesive tape companies. The launch of eco-friendly tapes is a key trend in the adhesive tapes market. Several countries around the world have banned the use of toxic materials used in the manufacture of adhesive goods. Increased demand for recyclable tapes has been driven by federal policies as well as a change in end-user emphasis toward environmentally sustainable goods. Many companies are shifting from plastic to bio-degradable materials like paper and cellulose for manufacturing tapes. For instance, in January 2021, Italy-based IRPLAST launched its ECO+ tape which is made of 34% post-industrial recycled IRPLAST BOPP film. The cores are made from recycled cardboard and the tape reduces emissions with no loss in adhesion quality. In another instance, in January 2020, Monta, a German-based manufacturer of self-adhesive tapes for packaging and consumer use, has introduced Monta Biopack, a modern self-adhesive tape. Monta Biopack is made up of about 90% renewable materials. This environmentally friendly adhesive tape biodegrades in a matter of months, closing the natural recycle circle. In March 2021, ATP Adhesive Systems Group, a Switzerland-based company engaged in developing and manufacturing client-specific adhesive products announced the acquisition of BDK Industrial Products Ltd. for an undisclosed amount. The acquisition is expected to improve the market position of both the companies and help them to provide a broader variety of customized products such as medical adhesive tapes and customized adhesive tapes to their clients. BDK Industrial Products Ltd. is a UK-based specialized adhesive tape converter that has developed itself as a solution provider for healthcare and other industrial customers. Major players in the adhesive tapes market are 3M, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc, Henkel AG, Lohmann GmbH & Co., Scapa Group PLC, and DuPont de Nemours Inc. Asia Pacific was the largest region in the adhesive tapes market in 2021. The region is predicted to record the fastest growth of the global adhesive tapes market during the forecast period. The regions covered in the global adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global adhesive tapes market is segmented - 1) By Resin Type: Acrylic, Rubber, Silicone, Others 2) By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others 3) By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based 4) By End-User: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Others

The conformal coatings market consists of sales of conformal coatings by entities (organizations, sole traders, and partnerships) that manufacture conformal coatings. A conformal coating is a thin polymeric layer that is distributed to a printed circuit board (PCB) to secure it and its components from corrosion and the environment. These coatings conform to the irregular landscape of the printed circuit board and offer increased operational integrity, dielectric resistance, and reliability. The main types of conformal coatings are acrylic, silicone, epoxy, urethane, and perylene. Acrylic is a cross-linking system that ensures the adhesion of coatings or paints made from acrylic resin. Acrylic paints are usable in organic solvent-borne, waterborne, powder, and radiation-curable formulations. The technologies involved in conformal coatings are water-based, solvent-based and UV cured that operate in different methods such as dip coating, brush coating, spray coating, and chemical vapor deposition. It is implemented in different verticals such as automotive, consumer electronics, aerospace and defense, industrial, and telecommunication. The global conformal coatings market size is expected to grow from $11.41 billion in 2021 to $12.5 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The global conformal coating market size is expected to grow to $15.9 billion in 2026 at a CAGR of 6.2%. The growing demand for the consumer electronics industry is expected to propel the growth of the conformal coatings market. The consumer electronics industry consists of a range of electronic products such as smartphones, TV, and personal computer. Conformal coatings are used in consumer electronics to combat chemicals, hazardous external conditions, and toxins in offices and residences. For instance, according to ClearSale, a US-based company, the consumer electronics sector's revenue is expected to exceed $450 billion by 2024. Therefore, the growing demand for conformal coatings from the consumer electronics industry is expected to drive the growth of the conformal coatings market. The increasing technological advancements are shaping the conformal coating market. Major companies operating in the conformal coating sector are focused on developing technological solutions for conformal coating. For instance, in February 2020, The Dow Chemical Company, a chemical manufacturing company launched the DOWSIL CC-8030 UV and Moisture Dual Cure Conformal Coating at IPC APEX EXPO, the company's first solventless silicone conformal coating with an ultraviolet (UV) and moisture dual-cure device for maximum efficiency. Through automated spraying and quick energy-efficient UV curing, the new environmentally friendly silicone technology enables sustainability, health, and safety while lowering processing costs. Also, in 2019, Germany-based Henkel AG & Co. KGaA launched a quick-drying, toluene-free conformal coating system to provide mechanical and environmental protection to PC boards. In December 2020, Chase Corporation, a US-based specialty chemicals company acquired ABchimie for a deal amount of $21.4 million. The acquisition would enable Chase Corporation to widen its electronics coating product portfolio among the sealants, adhesives, and additives reporting segments with high-performance, environmentally friendly technology. ABchimie is a France-based company that manufactures and distributes professional solutions for resins, conformal coatings, silicones, maintenance, and cleaning solutions. Major players in the conformal coatings market are Chase Corporation, Dow Corning Ltd., Dymax Corporation, Electrolube Limited, H.B. Fuller Company, Henkel AG & Co. KgaA, MG Chemicals Ltd., Shin-Etsu Chemical Co. Ltd, Cytec Industries Incorporated, and Europlasma NV. Asia Pacific was the largest region in the conformal coatings market in 2021. The regions covered in the global conformal coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the conformal coatings market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global conformal coatings market is segmented - 1) By Type: Acrylic, Silicone, Epoxy, Urethane, Parylene 2) By Technology: Water-Based, Solvent-Based, UV Cured 3) By Operation Method: Dip Coating, Brush Coating, Spray Coating, Chemical Vapor Deposition 4) By End-User: Automotive, Consumer Electronics, Aerospace and Defense, Industrial, Telecommunication

The durable goods merchant wholesalers market consists of sales of capital or durable goods to other businesses by durable goods merchant wholesalers. These entities (organizations, sole traders and partnerships) generally take title to the goods that they sell; in other words, they buy and sell goods on and generally take title to the goods that they sell; in other words, they buy and sell goods on their own account. Durable goods are new or used items generally with a normal life expectancy of three years or more. They include items such as motor vehicles, furniture, construction materials, machinery and equipment (including household-type appliances), metals and minerals (except petroleum), sporting goods, toys and hobby goods, recyclable materials, and parts.