The market dynamics section discusses on the various factors which have the potential to alter the dynamics of a market. Market drivers push the market forward allowing the market to grow in due course of time. The factors which act like constraints to the growth and development of the market are called market restraints. They affect the production activities associated with the market, negatively. Apart from the drivers as well as restraint, various opportunities provide a window for the growth of the construction sealants market. These opportunities open gates for the new market entrants to set their foothold ultimately strengthening the market ecosystem. The market is subject to certain challenges, which may arise either on the technical side or owing to numerous regulations imposed by the government bodies. Although these challenges hinder the market growth these can be overcome by certain efforts made in the direction to push the market forward. The present section provides an in-depth understanding of the various drivers, restraints / constraints, opportunities and associated challenges with the global construction sealants market.

The global coal tar market is expected to grow at a significant rate during the forecast period (2017- 2024). Coal tar finds its significant applications in the production of carbon anodes, tire industry, and graphite electrodes, among others. Coal tar acts as a binder for the production of graphite electrodes, registering the highest CAGR during the forecast period. Before venturing into a forthcoming market, a firm must consider certain factors that allow the company to establish itself as an active player in the market. Henceforth, this chapter of the report provides an in-depth understanding of the direction in which the market is heading and the impacts of various factors on it. This segment of the report lists and analyzes several factors, such as market drivers, market restraints, and market opportunities, and their effect on the market.

Due to the increasing adoption of smartphones and mobile devices, coupled with the rising internet penetration, the evolution of IoT witnessed immense growth in the recent years. With the increasing demand for IoT solutions, the number of devices connected to the IoT networks is expected to increase substantially. Therefore, this is expected to drive the scope for testing of devices, along with the supporting software. The growth of IoT and connected devices is majorly driven by emerging applications and business models supported by declining device costs and standardization. According to Ericsson’s mobility report, out of the projected 29 billion connected devices, by 2022, 18 billion are expected to be related to IoT.

Hyperspectral imaging (HSI) is a powerful technology that adds a new dimension to optical imaging. HSI has been used for more than a decade now. However, until 2015, it was still relatively unknown compared to other imaging technologies, such as infrared, multispectral, and LiDAR. However, the adoption of hyperspectral imaging has started to change slowly and is gaining traction in the agriculture, chemical analysis, and defense sectors, in addition to metal and meteorology sector for which it was initially designed. One major application of HSI is in food surface inspection (reflectance imaging is used on various products to check for bruises and other damages) to maintain the quality and safety of food products. Hyperspectral imaging can analyze the chemical composition of food products for ripeness, grading, contamination, and disease conditions. Thus, by implementing hyperspectral imaging, users can benefit from a significant financial return by means of an increased throughput and yield of the processing centers. It is also widely used in military surveillance to monitor potential targets for avoiding major calamities.

General aviation forms a considerable part of any national airspace and airport system. Various factors, such as, pilot availability in a particular country, air traffic management, air transportation infrastructure, and aviation safety, among others, have their impacts on the general aviation market. In the global scenario, the market is influenced by several factors, such as the health of global economy, technology disruption, the price of avgas and jet fuels, regulatory standards, etc. in 2019, the deliveries of fixed-wing aircraft increased, while the deliveries of helicopters reduced. In fixed-wing aircraft, the shipments for both piston engine aircraft and business jets increased, while the shipments of turboprop aircraft decreased, continuing its fluctuating trend in the decade. On a whole, the shipments of turbine-powered fixed wing aircraft increased. The long-term outlook for general aviation, driven by the increase in the overall turbine aircraft activity, remains stable. The fleet of fixed-wing piston engine aircraft is projected to decrease over the forecast period. Unfavorable pilot demographics, overall increasing cost of aircraft ownership, and new aircraft deliveries not keeping up pace with the requirements, among others, are estimated to be the key factors contributing to the decline. However, the active general aviation fleet is projected to remain the same during the forecast period, with the declines in the fixed-wing piston fleet, offset by increases in the turbine, experimental, and light sport fleets. Th electric and light sport aircraft fleet are projected to increase during the forecast period.

Aniline consumption to produce methylene diphenyl diisocyanate (MDI) accounts for almost 90% of the total aniline demand. Reaction of aniline and formaldehyde using hydrochloric acid as a catalyst is the first step to the production of MDI. This produces a mixture of diamine precursors, as well as their corresponding polyamines. These diamines are then treated with phosgene to form a mixture of isocyanates, the isomer ratio being determined by the isomeric composition of the diamine. Distillation of the mixture gives a mixture of oligomeric polyisocyanates, known as polymeric MDI, and a mixture of MDI isomers, which has a low 2,4’ isomer content. Further purification entails fractionation of the MDI isomer mixture. Polyurethanes are produced by combining MDI with polyols and other chemical additives. Because MDI and a wide range of polyols can be used to produce polyurethane and the speed of the reaction can be adjusted, a broad spectrum of materials, such as PU resin-based coatings and adhesives and sealants, can be produced to meet specific application needs.

Oil and gas remains as one of the most highly valued commodities in the energy sector. In recent years, there has been an increased focus on improving efficiency, and reducing downtime has been a priority for the oil and gas companies as their profits slashed since 2014, due to fluctuating oil prices. However, as concerns over the environmental impact of energy production and consumption persist, oil and gas companies are actively seeking innovative approaches to achieve their business goals, while reducing environmental impact. Additionally, the price of oil reduced by 40%, since hitting four-year highs of above USD 76 a barrel in October 2018, in the United States, nur turing concerns for oil and gas firms. Hence, companies in the oil and gas sector are experimenting with contemporary technologies to increase their efficiency and revenue. By leveraging AI in oil and gas operations, corporations can design algorithms to guide drills on land mass and ocean floor. AI is also been used to increase the safety of gas stations for preventive maintenance. But there have been growing incidences of fires at the gas stations. For instance, a gas station in Arkansas had an accidental fire. Such events can prove to be deadly and destroy gas stations and the area surrounding it. However, intelligent cameras based on AI can access the risk area and lessen the extent of potential damage.

Modern synthetic monitoring technology offers a significant benefit. While APM and other traditional monitoring technologies can only monitor systems within an infrastructure, the modern synthetic monitoring technology can track the performance of SaaS from the user ’s lens, and almost always before there is a widespread impact. Thus, owing to the widespread adoption of cloud computing and applications, DevOps and fast IT adoption are expected to be the biggest growth areas for business technologies. According to Veritis, 50% of organizations have already implemented DevOps, as of 2018. With synthetic monitoring solutions, DevOps can simulate user behavior and proactively detect performance problems from around the world and around the clock, before they impact end users.  Additionally, negotiating and adhering to service level agreements (SLAs) are now more important than ever, with the increasing complexity of websites, applications, and software services. Synthetic monitoring enables companies to scale these SLAs, by simulating the actual environment. This allows the vendors and the website owners to abide by and manage the agreements, respectively.

Coronavirus belongs to a family that includes viruses causing common cold to middle east respiratory syndrome (MERS), and severe acute respiratory syndrome (SARs), as per the World Health Organization (WHO). The novel coronavirus is a newly discovered strain and is also known as COVID-19 and has led to a rapid rate of respiratory infections and deaths globally. The disease primarily spreads through droplets of saliva or nasal discharge of an infected person, when such a person coughs or sneezes. The common symptoms of the disease are fever, cough, difficulty in breathing, fatigue, loss of smell, tenderness, and muscle pain, among others. The spread of the disease can be avoided through washing hands with soap and water at regular intervals, avoiding contact with those infected, and using a medical facemask. The following figure illustrates the crucial information regarding novel coronavirus spread, symptoms, susceptibility, and preventive measures against the disease.

Until recently, brominated chemicals had a major share in the European flame-retardant chemicals market. But environmental and health concerns are restraining the growth of demand for brominated and chlorinated flame retardants, paving way for the development of the non-halogenated flame-retardant chemicals market. Brominated and chlorinated flame retardants that are commonly used are semi-volatile chemical compounds and are not chemically bound to the product; rather, they are sprayed afterwards. Once sprayed, they do not disintegrate and settle in the dust present in the atmosphere. Furthermore, they have been observed in sources quite far fromhuman habitat, such as in whale tissues and other marine mammals. The toxicity of the brominated compound class is in the range of 2.5-200 mg/L (LD50), while that of the chlorinated compound class is in the range of 2.25-203 mg/L (LD50). LD50 is a type of measurement that indicates a value of LD50 for a substance in the dose required to kill half the members of a tested population after a specified test duration. Brominated flame retardants have the potential to adversely affect endocrine functions and the central nervous and reproductive systems, while the halogenated flame retardants been found to inhibit enzymes involved in steroid hormone metabolism.