Air Freshener products are used to eliminate bad odor at indoor level.
Various types of Air Freshener products are available in the market such as air fresheners, electric air fresheners, car sir fresheners, gel air fresheners, candle air fresheners, and liquid air fresheners, which help to get rid of bad odor from the room and car.
Furthermore, rising hygiene consciousness among the consumers is majorly driving the sale of Air Freshener products on a global level.
In recent years, Air Freshener market has witnessed substantial innovation in terms of new products launch with various fragrances along with the research & development and collaboration.
Also, the overall disposable income of the consumers has been increasing over the past few years, which, in turn, projected to lead the demand for consumer goods like Air Freshener products during the forecast period.
Johnson & Son, Inc. (U.S.)
Global Air Care Products Market Research Report: Information by Product Type (Air Freshener Sprays, Electric Air Fresheners, Car Air Fresheners, Air Freshener Gels, Candles and others), Distribution Channel (Store-Based and Non-Store-Based) and Region – Forecast till 2024
Air care products are defined as products that are used for indoor air purification.
Regarding monetary valuation, the worth of this market can be USD 13,105.07 Mn by the end of the forecast period.
The most distinguished market driver for the global air care products market growth is increasing pollution levels both in developed and developing economies.
Primary indoor pollutants include smoke from cigarettes and firewood.
Other drivers escalating the global air care products market growth include rising disposable income, demand for air fresheners, innovations in the existing air care product line, new air care product launches, focus on research & development (R), rising health awareness, high demand for chemical-free air fresheners, and inclination towards natural air care products.
The global UV tapes market is projected to reflect an impressive CAGR during the forecast period by 2020
Analysis of UV Tape Market Based on Segmentation
UV tapes are a kind of pressure-sensitive tapes with more adhesive power, which decreases drastically on exposure to UV light, thereby providing easy and clean removal of semiconductor chips after it has attained its purpose. These tapes are used to protect semiconductor wafers against surface damage and scratching during shipping and storage of wafers. These tapes are manufactured by using PO, PVC or PET as row material with acrylic adhesive to keep pieces of semiconductor in place. These tapes are usually thinner as compare to other tapes, which vary between 70 to 150 micrometers.
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In terms of volume and value, UV tapes held less than 1% of the global PSA tapes market in 2014. Rise in demand for consumer electronics combined with miniaturization of electronic devices is boosting the demand for semiconductors, which in return causing increasing demand for UV tapes. Large number of governments in Asia Pacific are concentrating on sustainable development and have formulated the regulations for it. Such initiatives and regulations are recognized as key driving factors of the market. Whereas, higher cost of UV tapes than that of non-UV tapes is trivial restraint in UV tapes market.
Large Scale Semiconductor Foundries to Boost Demand of UV Tapes in Asia Pacific
Geographically, North America and Asia Pacific represented leading markets for UV tapes market in 2014. Asia Pacific is estimated to register 5.4X higher revenue than North America, in terms of value, by the end of 2020. In Asia Pacific, existence of large scale semiconductor foundries is the key factor behind gush in demand for UV tapes in the region. Asia Pacific is anticipated to remain most prominent market for UV tapes in terms of value, followed by North America and Europe.
Polyolefin-based UV tapes segment, by product type are anticipated to reflect highest CAGR followed by polyvinyl chloride and polyethylene terephthalate (PET). Polyolefin-based UV tapes are estimated to remain the largest market segment over the forecast period whereas, PVC is likely to witness 1.5X expansion in its revenue by the end of 2020.
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UV tape market has been segmented on the basis of application type into back-grinding and water dicing. Water dicing and back-grinding are two successive processes applied in semiconductor processing. It is because of this that in both applications, UV tapes account nearly same market share. However, other applications such as telecommunications and aerospace are likely to be more emerging applications than both of these applications. Water dicing and back-grinding are anticipated to ride on significant CAGR over the forecast period.
Some Leading Market Players
Prominent market players operating in the global UV tape market, which are profiled in this report include Sumitomo Bakelite Co. Ltd., Furukawa Electric Co., Ltd., Lintec Chemicals, Mitsui Chemicals, and Nitto Denko Corporation. These are some key manufacturers and raw material providers, while Dow Chemical Co, BASF SE, and Henkel AG & Company are some other key raw material suppliers.
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The global cellulose acetate butyrate (CAB) market size was estimated to be USD 672.8 million in 2016 and is expected to grow over the forecast period driven primarily by the growth of the paints & coatings market.
In addition, growing demand for decomposable products is expected to spur the demand for cellulose acetate butyrate over the next few years.
However, stringent government regulations related to health hazards has adversely impacted the growth prospect of the market in various regions.
Over and above that, CABs’ unique properties such as high resistance to UV radiations, lower moisture absorption rate, and high impact strength is expected to have a positive impact on its growth prospect in various applications such as blister packaging, printing inks, lacquers, and paints & coatings.
The development of these sectors is expected to augment the growth of CAB subsequently.
China led the cellulose acetate butyrate market in Asia Pacific generating revenues worth USD 133.4 million in 2016.
Global Tray and Sleeve packing machines market: Introduction
The global food industry has witnessed significant growth in consumption, in the last couple of decades, leading to increased demand for efficient and hygienic food packaging solutions.
As emerging economies slowly witness increasing penetration of automation in the industry, it is expected that tray and sleeve packing machines will be preferred due to their ease of use and maintenance.
On the contrary, it might be limited to an appropriate fraction of the whole process.
As companies realize the efficiency and benefits associated with automation, they are expected to incorporate it into their manufacturing process, which will facilitate growth of the tray and sleeve packing machines.
One of the major factors which are expected to hamper growth of the global tray and sleeve packing machines, is the presence of a large number of small to medium players in the market.
