How is Medical Adhesives Market Being driven by Rising Healthcare Awareness?

As per a P&S Intelligence report, the global medical adhesives market is predicted to attain a revenue of $16,367.2 million by 2030, increasing from $8,714.9 million in 2019, and is projected to advance at a 2.3% CAGR during the forecast period (2020–2030). The market is registering growth due to the improving per capita income, increasing population, rising healthcare expenditures in emerging economies, and growing medical products and equipment manufacturing bases. In terms of resin, the market is divided into natural, acrylic, polyurethane, epoxy, silicone, rubber, and cyanoacrylate.

The natural division held the largest share of the medical adhesives market in 2019, which is due to the high usage of natural medical adhesives in all surgical procedures for sealing and binding tissues and for achieving hemostasis. Natural adhesives are also utilized for stopping bleeding during surgery, thereby allowing surgeons to achieve hemostasis more efficiently and quickly. Moreover, these adhesives are also useful in a number of applications, such as orthopedic operations, dental extractions and oral surgery, traumatology, and circumcision, owing to which, their demand is expected to be the highest in the coming years as well.

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Geographically, North America dominated the medical adhesives market during the forecast period (2014–2019), which can be ascribed to the increased purchasing power and opportunity for advancements in the healthcare industry in the region. The Asia-Pacific region is expected to advance at the fastest pace during the forecast period, which is due to the rising healthcare expenditure, increasing government initiatives, and high-the medical product manufacturing base in a number of countries in the region. Moreover, increased access to medical facilities in China and India are also leading to the growth of the market.


The rising awareness regarding health and enhancing macroeconomic factors in emerging economies is a major factor that is driving the demand for medical adhesives. The increased gross domestic product in countries including Brazil, China, and India has resulted in the change in spending habits of people, in terms of food and health. As the spending in the healthcare sector is growing the demand for improved medical devices and equipment is growing as well, thereby leading to the increasing demand for medical adhesives.

Ethanolamines Market To Value over $5,000.0 Million by 2030

The major reasons behind the growth of the ethanolamines market are the increasing usage of agrochemicals and rising demand for surfactants. This is why the revenue generated by the sale of these chemical compounds will increase from $2,933.5 million in 2019 at a 5.0% CAGR during 2020–2030, to $5,079.0 Million by 2030. It is a derivative of ethane, which works as an amine (containing the NH2 functional group) as well as an alcohol (containing the functional group OH).


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The growing demand for surfactants is a major factor driving the demand for ethanolamines. The emulsifying agents and surfactants used in the production of shampoos, laundry detergents, and soaps are often made from ethanolamines. With an increase in the disposable income of people living in developing countries, as a result of economic growth, the demand for such personal care product is rising, which is leading to a surging consumption of the chemical compounds.



Another major reason the ethanolamines market is progressing is the growing adoption of agrochemicals. Glyphosate, which is popular among the agrarian community for its herbicidal properties, is made from DEA. Across the world, especially in Asia-Pacific (APAC), Middle East and Africa (MEA), and North America, the population is booming at a significant rate. This is leading to an increasing demand for agricultural produce, including cereals, grains, fruits, vegetables, pulses, and legumes, as well as the important cash crops. In order to fulfil these demands, farmers in these regions are increasingly using glyphosate, as a herbicide.


Globally, APAC held the largest share in the ethanolamines market in 2019, and the trend is likely to continue during the forecast period. This is majorly attributed to the high-volume consumption of the compound in China. In 2019, the country imported nearly a quarter of its requirement, amounting to 168.4 kilotons, primarily from manufacturers in Thailand and Saudi Arabia.

Demand for Fatty Acid Esters Growing due to Increasing Need for Biofuels

The personal care and cosmetics industry has been registering considerable growth over the past few years. This is because of the rising disposable income of people across the globe and surging consciousness among people regarding their physical appearance. A major component that is used in the cosmetic industry is fatty acid esters, because of which its demand is increasing as well. These compounds are synthesized by the dehydration of alkyl alcohol and fatty acids, and are used in the cosmetics industry as they soften the skin for creating a smooth sensation. Their growing demand is leading to the growth of the fatty acid esters market.

Fatty acid esters are also utilized for the production of biofuels, the demand for which is expected to surge in a few years. Till now fossil fuels have been the major source of energy across the globe, however, their excessive consumption has given rise to the current energy crisis. Along with this, global warming has been a direct effect of increased utilization of fossil fuels. Because of these factors, the focus is now shifting towards alternative and cleaner sources for generating energy. Governments of various countries are also implementing policies for encouraging the adoption of solutions that can conserve energy. This is leading to the rising demand for biofuels, which, in turn, is driving the demand for fatty acid esters.

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The global fatty acid esters market is predicted to generate a revenue of $3,688.9 million by 2030, rising from $2,240.9 million in 2019, and is projected to advance at a 4.6% CAGR during the forecast period (2020–2030). In terms of product types, the market is categorized into palmitates, laureates, stearates, oleates, tall oil fatty acid (TOFA)-based esters, dimerates, and pelargnates. Out of these, the oleates category held the largest volume share of the market in 2019 and is predicted to generate $1,180.8 million in 2030.

Geographically, APAC accounted for the largest share in 2019 in the fatty acid esters market. Moreover, the regional market is expected to witness the fastest growth during the forecast period, owing to the increasing demand for fatty acid esters from the growing lubricant, personal care, and agriculture sectors of developing economies, including China, India, and Indonesia. In addition, the region is home to some of the largest fatty acid manufacturers, such as KLK OLEO, Kao Corporation, DKS Co. Ltd., Wilmar International Ltd., Mitsubishi Chemical Corporation, and Emery Oleochemicals Group.

What are Key Factors Boosting Global Demand for Alumina?

The rapid industrialization and increasing construction activities in the Eastern European and Asia-Pacific (APAC) countries are some of the major factors fueling the demand for alumina across the world. The swift economic growth of these countries is primarily responsible for the sharp surge in construction activities and infrastructural development projects. Moreover, the growth of the construction industry has boosted the demand for various high-quality products such as cement, glass, and specialty steel, which has, in turn, created a huge requirement of alumina in the country. This is because of the extensive usage of this material in steel manufacturing processes.


The European Union (EU) and the U.S. have recently enacted legislations for boosting the domestic production of LCDs (liquid crystal displays) to cater to the rising demand for locally manufactured flexible, high-precision, and larger-panel LCD TVs. This is another factor driving the sales of alumina around the world. Apart from this, alumina is also being increasingly required in the production of stationary energy storage devices like lithium-ion batteries and gas turbines and as a base material in the packaging, consumer durables, automotive, and electrical and electronics industries.

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Due to the aforementioned factors and the declining prices of alumina, the value of the global alumina market is predicted to decrease from $61,093.4 million to $54,907.3 million from 2018 to 2024. However, the market will exhibit rapid volumetric advancement in the future years, progressing at a CAGR of 3.0% from 2019 to 2024. The most commonly used types of alumina are reactive, fused, calcined, metallurgical, and tabular. Amongst these, the usage of the metallurgical alumina was observed to be the highest in the last few years.



Geographically, the alumina market registered the highest growth in the Asia-Pacific (APAC) region during the last several years and this trend will continue in the upcoming years as well, as per the predictions of the market research company, P&S Intelligence. This is attributed to the surging alumina manufacturing capacities of India, Indonesia, and China. According to the data published in the British Geological Survey’s World Mineral Production 2013–2017, the production of alumina in these countries accounted for more than 58.0% of the total alumina produced in the world in 2017.

What are Reasons Behind Surging Popularity of Lithium-Ion (Li-ion) Battery Recycling Methods?

The scarcity of lithium reserves is one of the biggest factors responsible for the growing popularity of lithium-ion (Li-ion) battery recycling methods across the world. Besides the limited availability of lithium, its mining is also being increasingly restricted, especially in Argentina, Chile, and Bolivia. Additionally, the governments of these countries are increasingly implementing strict laws for protecting the environment from the harmful effects of lithium mining. Furthermore, there are no alternative substances on Earth possessing functional characteristics similar to those of lithium, owing to which, the popularity of battery recycling is rapidly becoming more common across the world.


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Apart from the above-mentioned factors, the burgeoning utilization of lithium-ion-based energy storage systems in tablets, laptops, and mobile phones is causing a sharp rise in the demand for the recycling of lithium-ion batteries. As a result, the developing countries of Asia-Pacific (APAC) such as China, India, Thailand, and South Korea, on account of the presence of flourishing electrical and electronic sectors, will provide huge growth opportunities to the players operating in the lithium-ion battery recycling market. The other important factor boosting the demand for lithium-ion battery recycling is the mushrooming sales of electric vehicles all over the world.



Thus, because of the aforementioned reasons, the global lithium-ion (Li-ion) battery recycling market generated a revenue of $165.3 million in 2019 and is predicted to progress at a CAGR of 18.3% between 2020 and 2030. Lithium-Nickel-Cobalt-Aluminum Oxide (NCA), Lithium-Iron Phosphate (LFP), Lithium-Cobalt Oxide (LCO), Lithium-Ion-Manganese Oxide (LMO), and Lithium-Nickel-Manganese-Cobalt Oxide (NMC) batteries are the most commonly used types of li-ion batteries throughout the world. Amongst these, the usage of the LFP batteries is expected to surge rapidly in future, on account of their numerous advantages over the other variants such as higher charging efficiency, lower weight, and greater discharge rates.


Asia-Pacific (APAC) held the largest revenue share in the lithium-ion battery recycling market in 2019, on account of the strong presence of a number of battery recycling companies in the region, especially China. Further, the popularity of EVs is swiftly rising in China, Japan, and numerous Southeast Asian countries, including Vietnam, Indonesia, and the Philippines. This is creating an additional demand for recycled Li-ion batteries, as the reserves of lithium metal are limited.