Polymethyl Methacrylate Market Will Touch USD 8,946.1 Million in 2030

The polymethyl methacrylate market was USD 6,185.2 million in 2023, and it will touch USD 8,946.1 million, with a 5.5% compound annual growth rate, by 2030.

This is because of the increasing utilization of PMMA across different sectors, including construction, signs & displays, electronics, and automotive, beneficial government policies, and the growing need for lightweight materials across verticals.

In 2023, the general-purpose category, based on grade, was the larger contributor to the industry, with a 62.4% share, and it will continue this trend in the coming years.

This can be because of the increasing adoption of general-purpose PMMA in the automotive, construction, and many other sectors. This is because this type is extremely resistant to UV light and shows better surface hardness than other thermoplastics.

The construction category, based on application, was the largest contributor to the polymethyl methacrylate market in 2023, with a 31.4% share, and it will remain the largest throughout this decade. This can be because of the quickly surging populace in urban areas, the growing trend of green building materials, increasing investment in the residential sector, and the rising standard of living.

The automotive category will observe the fastest CAGR in the coming years. This is because of the increasing need for new-generation automobiles, particularly EVs; rising findings by automotive companies in expanding their manufacturing output, and surging requirements to produce highly fuel-efficient and lightweight vehicles.

In addition, PMMA sheets are utilized in car exterior & interior panels, windows, spoilers, fenders, instrument covers, motorcycle windshields, and other ancillaries.

APAC led the industry in 2023, with a 38.0% share, and it will remain leading in the years to come. This is because of the expanding healthcare, agriculture, and electronics sectors, the shift of international companies’ production facilities to this region, and increasing manufacturing investment and R&D by industry giants.

North America was a significant contributor to the industry in 2023. This can be mainly because of the enhanced healthcare infrastructure, rising construction rate, and surging adoption of signs and displays in this continent.

3D Printing Materials Market Will Reach USD 16,230.8 Million by 2030

The size of the 3D printing materials market will power at a compound annual growth rate of 25.9% during 2022-2030, to touch a value of USD 16,230.8 million by 2030.

The considerable growth is due to the increasing use of 3D printing in the manufacturing sector, need for mass customization, and the growing demand for automobiles in emerging economies.

The demand for these materials in China has increased owing to the flourishing application of 3D printing by various industries. Under the Made in China 2025 plan, the country aims to become a world leader in high-end manufacturing, including 3D printing.

Multiple progressive schools have already integrated 3D printing technologies into their curriculums, to advance students’ creativity and allow them to test their ideas in the real space. At the university level, 3D printing is improving the quality of education, particularly in science, technology, engineering mathematics (STEM).

The market for 3D printing plastics is the largest, in terms of volume holding over 30% share. This is due to the easy availability and low prices of plastics and their usage in a range of designs.
Further, over other types, plastic materials offer high versatility, resistance to abrasion, shock, extreme temperatures, physical deformation, and chemicals; exceptional flexibility, durability, and high elasticity, which further increases their consumption.

Plastic materials are seen as perfect for 3D printing applications as they come in a range of colours, along with possessing low weight and being easily available. Apart from this, plastics can sustain stress and be readily converted into various forms. Therefore, polymers are widely demanded in the medical, consumer goods, automotive, and electronics industries of European countries.

The filament form held the largest volume share in the global 3D printing materials market. This is owing to the usage of filaments in a variety of household objects, toys, educational models, and cars.

The powder category is anticipated to grow at the highest CAGR. This is due to the fact that powder is used to create large, dense parts in the aerospace, military, and oil and gas industries. Further, the powder form is capable of withstanding high temperatures; hence, it is preferred over others, especially in the aerospace and oil and gas sectors.

Here is Why, People are Using Agricultural Micronutrients

With the ever-increasing population of the world, there is an increasing need of food crops.  For the good growth of crops, micronutrients are needed. These are elements needed in small amounts by in small quantities for proper growth.  This blog will give an idea about why micronutrients are needed for the plants, and what makes them so special.

 Plants are Kept Healthy

Agricultural micronutrients are important for maintaining the health of the plants and make the most of productivity. These including iron, manganese, zinc, boron, copper, and molybdenum, are needed in enzyme activation, photosynthesis, and nutrient uptake.  Micronutrient deficiencies can cause reduced yield, stunted growth, and poor-quality crops.

Balanced Fertilization and Nutrient Management

Proper nutrient management is needed for sustainable agriculture. Micronutrients are needed in small quantities as opposed to macronutrients. However, their worth in plant nutrition should not be ignored. Balancing macronutrients and micronutrients through fertilization ensures that plants obtain the vital elements needed for healthy growth. Micronutrient fertilizers are made to address micronutrient deficiencies in soil, offering targeted nutrition to crops.

Crop-Specific Need and Maintaining Soil Health:

Different crops have different requirements with regards to micronutrients on the basis of their physical characteristics. Considering crop-specific micronutrient requirements is key for effective fertilization.

Moreover, soil health is important in micronutrient obtainability to plants. Factors for example pH level of the soil, organic content, and microbial action effect micronutrient acceptance and use. Soil testing help recognize micronutrient deficiencies, allowing farmers to modify their fertilizer use and enhance the health of the soil.

What Makes People to Use Micronutrients?

Increasing Consciousness of Micronutrient Deficiencies

Growing consciousness of micronutrient deficiencies in crops has persuaded the farmers to make use of agricultural micronutrients for plants. The obtainability of complete soil testing services and agronomical knowhow has enabled the identification and analysis of micronutrient deficiencies. By addressing these, farmers can correct nutrient inequities, advance crop health, and attain better yields. The growing importance on precision agriculture practices further powers the requirement of micronutrients.

Tech Advancements Taking Place

There are tech advancements in the industry of agricultural micronutrients to improve the nutrition and efficiency. These progressions include the expansion of chelated micronutrients, improving nutrient obtainability and uptake by plants, and the preparation of micronutrient products with greater solubility. Also, precision agriculture and digital tools allow farmers to evaluate crop nutrient status, enhance fertilizer use rates, and monitor crop responses in instantaneously.

 Summing Up the Scene

The Deteriorating soil quality in agricultural fields all over the world has brought about the increased demand for agricultural micronutrients. This trend will continue in, the years to come as well, and the total value of the industry will reach USD 8,322.1 million by the end of this decade.

Understanding the Growing Applications of LTCC and HTCC in Automotive Sector

With the growth and usage of power devices, particularly 3rd-generation semiconductors, semiconductor devices are progressively evolving in the path of miniaturization, high power, multi-function, and integration, which also put forward greater needs on the performance of packaging substrates. 

Ceramic substrates possess good heat resistance, high thermal conductivity, low coefficient of thermal expansion, radiation resistance, good insulation, high mechanical strength, corrosion resistance, and more, and are extensively employed in electronic device packaging.

Along with the alteration of temperature in the preparation procedure, the co-fired ceramic substrate can be categorized into LTCC (low-temperature co-fired ceramic) multilayer substrate and HTCC (high-temperature co-fired ceramic) multilayer substrate.

So, what is HTCC?

HTCC is a high-temperature co-fired ceramic that utilizes AlN, alumina, and various other ceramic materials to be frittage with conductor materials (W, Mn, Mo) under a high temperature of 1600 degrees Celsius.

The advantages of the HTCC are high thermal conductivity, high structural strength, high wiring density, and good chemical stability. 

LTCC and HTCC are Majorly Used in Automotive Sector 

Electronic equipment is regularly employed in tight confines inside an automobile, where it is exposed to extreme temperature and stress. To unite the package, connect, and implant passive parts into a single structure, LTCC implements a cubic arrangement. It is located in the gearbox and engine control systems. 

LTCC accomplishes the packing requirements of high-speed networks and high bandwidth, while also preserving environmental and mechanical safety. 

Therefore, the rising penetration of electronic sensors/devices in automobiles, coupled with the surging production of electric vehicles is set to further boost their demand in the coming years.

In Ending This

With the surging utilization of ceramic substrates in automotive, consumer electronics, telecommunications, and various other sectors, the demand for LTCC and HTCC will reach USD 4,125.6 million in 2030.

Exploring the India Industrial Aerosol Market: Trends, Applications, and Growth Potential

The India industrial aerosol market will power at a compound annual growth rate of 5.6% in the future, and will reach USD 115.85 million by 2030.
The main reasons, which are accountable for the development of the industry are the increasing requirement for aerosols in vehicle factories and the aftermarket, escalating Indian manufacturing sector, and growing count of initiatives of the government for R&D in the manufacturing industry of India.

Engine cleaners dominated the India industrial aerosol market, on the basis of type, under the cleaning category. This is chiefly credited to the increasing requirement for aerosol-based engine cleaners for the contamination prevention of the fuel system of the engine.
Furthermore, engine cleaners aid in improving the performance of fuel by decreasing the consumption of fuel and extreme smoke.

The silicone aerosol products had the largest volume share and it will grow the fastest in the years to come. This is mostly credited to the heavy consumption of silicone aerosol products as a result of their resistance to corrosion, lubrication, and easy mold releasing possessions.
Furthermore, as per the Ministry of Commerce and Industry, considerable growth is there in the recent past in the cosmetics and beauty products industry as a result of the increasing income of people, which is subsequent in a higher personal expenditure. This, is having an enormous influence on the market.

The requirement for aerosols is on the rise unceasingly with the increasing manufacture and sales of passenger cars, three-wheelers, two-wheelers, commercial vehicles, and quadracycles.