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Bio-Plastic Industry Size, Share & Demand
The global bio-plastic market size, valued at USD 96.6 billion in 2023, is poised for substantial growth driven by increasing consumer education and awareness. This burgeoning awareness of environmental sustainability and the advantages of bioplastics over conventional plastics is expected to create significant opportunities in the market. As a result, the bio-plastic sector is projected to expand at a remarkable compound annual growth rate (CAGR) of 30.2% from 2023 to 2033, reaching an impressive valuation of approximately USD 1,353.3 billion by 2033.
One of the major factors contributing to the growth of the bio-plastic market is the reduction in greenhouse gas emissions. Bio-plastics often have a lower carbon footprint compared to traditional plastics, contributing to efforts to reduce greenhouse gas emissions and combat climate change.
Bio-plastics are being used in innovative packaging solutions, such as edible packaging, which can reduce food waste and offer convenience to consumers. The automotive industry is exploring bio-plastics for interior and exterior components to reduce vehicle weight and improve fuel efficiency, presenting a significant growth opportunity.
Advances in biotechnology and genetic engineering are enabling the production of bio-plastics from engineered microorganisms and agricultural feedstocks, potentially improving scalability and cost-effectiveness. The expansion of bio-plastics into a broader range of applications, including 3D printing, electronics, and toys, diversifies market opportunities.
The establishment of clear and widely recognized certification standards for bio-plastics can boost consumer confidence and facilitate market growth. Governments and organizations may provide economic incentives, such as subsidies or tax breaks, to promote the adoption of bio-plastics and support a circular economy.
Read more: https://www.globenewswire.com/news-release/2023/10/11/2758254/0/en/Bio-Plastic-Market-Forecast-Anticipated-Growth-to-US-1-353-3-Billion-by-2033-with-a-Remarkable-CAGR-of-30-2-Future-Market-Insights-Inc.html
Public-private partnerships and initiatives aimed at reducing plastic waste and promoting sustainable materials can create a conducive environment for bio-plastic growth. Scalability in bio-plastic production processes, such as fermentation and chemical synthesis, can drive down production costs and increase availability.
Key Takeaways from the Market Study
The global bio-plastic market was valued at USD 74.2 billion by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 28.8%.
The market in China is expected to expand at a CAGR of 29.4% through 2033.
By material type, the PLA and PLA blends segment to expand at a CAGR of 30.1% through 2033.
From 2023 to 2033, bio-plastic market is expected to flourish at a CAGR of 30.2%.
By 2033, the market value of bio-plastic is expected to reach USD 1,353.3 billion.Bio-Plastic Industry Size, Share & Demand The global bio-plastic market size, valued at USD 96.6 billion in 2023, is poised for substantial growth driven by increasing consumer education and awareness. This burgeoning awareness of environmental sustainability and the advantages of bioplastics over conventional plastics is expected to create significant opportunities in the market. As a result, the bio-plastic sector is projected to expand at a remarkable compound annual growth rate (CAGR) of 30.2% from 2023 to 2033, reaching an impressive valuation of approximately USD 1,353.3 billion by 2033. One of the major factors contributing to the growth of the bio-plastic market is the reduction in greenhouse gas emissions. Bio-plastics often have a lower carbon footprint compared to traditional plastics, contributing to efforts to reduce greenhouse gas emissions and combat climate change. Bio-plastics are being used in innovative packaging solutions, such as edible packaging, which can reduce food waste and offer convenience to consumers. The automotive industry is exploring bio-plastics for interior and exterior components to reduce vehicle weight and improve fuel efficiency, presenting a significant growth opportunity. Advances in biotechnology and genetic engineering are enabling the production of bio-plastics from engineered microorganisms and agricultural feedstocks, potentially improving scalability and cost-effectiveness. The expansion of bio-plastics into a broader range of applications, including 3D printing, electronics, and toys, diversifies market opportunities. The establishment of clear and widely recognized certification standards for bio-plastics can boost consumer confidence and facilitate market growth. Governments and organizations may provide economic incentives, such as subsidies or tax breaks, to promote the adoption of bio-plastics and support a circular economy. Read more: https://www.globenewswire.com/news-release/2023/10/11/2758254/0/en/Bio-Plastic-Market-Forecast-Anticipated-Growth-to-US-1-353-3-Billion-by-2033-with-a-Remarkable-CAGR-of-30-2-Future-Market-Insights-Inc.html Public-private partnerships and initiatives aimed at reducing plastic waste and promoting sustainable materials can create a conducive environment for bio-plastic growth. Scalability in bio-plastic production processes, such as fermentation and chemical synthesis, can drive down production costs and increase availability. Key Takeaways from the Market Study The global bio-plastic market was valued at USD 74.2 billion by 2022-end. From 2018 to 2022, the market demand expanded at a CAGR of 28.8%. The market in China is expected to expand at a CAGR of 29.4% through 2033. By material type, the PLA and PLA blends segment to expand at a CAGR of 30.1% through 2033. From 2023 to 2033, bio-plastic market is expected to flourish at a CAGR of 30.2%. By 2033, the market value of bio-plastic is expected to reach USD 1,353.3 billion.0 Comments 0 Shares 767 Views 0 ReviewsPlease log in to like, share and comment! -
Polymer Emulsion Industry Size, Share & Demand
Polymer emulsion, a type of colloidal dispersion formed by the polymerization of monomers in water, has gained significant attention due to its eco-friendly and versatile nature. Its applications span diverse industries, including paints and coatings, adhesives, textiles, and paper. These emulsions are waterborne, making them a sustainable alternative to solvent-based products, reducing volatile organic compound (VOC) emissions. Polymer emulsions are primarily derived from acrylics, vinyl acetate, styrene-butadiene, and polyurethane, making them highly adaptable to industry-specific needs.
Polymer Emulsion Value and Growth Projections
According to a comprehensive market survey by Future Market Insights, the global polymer emulsion market was valued at USD 23,867.2 million in 2022 . The market is poised to grow at a CAGR of 6.1% from 2022 to 2032 , reaching an estimated valuation of USD 43,147.5 million by the end of the forecast period . This growth trajectory is fueled by the rising demand for environmentally friendly products and advancements in water-based technology, which align with stringent regulatory frameworks.
Read more: https://www.globenewswire.com/news-release/2024/11/14/2980775/0/en/Polymer-Emulsion-Market-to-Surpass-Valuation-of-USD-43-147-5-Million-by-2032-due-to-Increasing-Usage-in-the-Automotive-Industry-Future-Market-Insights-Inc.html
Key Takeaways
The polymer emulsion market is witnessing robust growth driven by the need for sustainable, low-VOC products.
The paint and coatings segment continues to dominate the market, driven by increased construction activities and the demand for decorative coatings.
Asia-Pacific emerges as a lucrative region due to rapid industrialization, urbanization, and expanding infrastructure projects.
Rising consumer awareness and regulatory policies on environmental conservation significantly influence market dynamics.
Polymer Emulsion Industry Size, Share & Demand Polymer emulsion, a type of colloidal dispersion formed by the polymerization of monomers in water, has gained significant attention due to its eco-friendly and versatile nature. Its applications span diverse industries, including paints and coatings, adhesives, textiles, and paper. These emulsions are waterborne, making them a sustainable alternative to solvent-based products, reducing volatile organic compound (VOC) emissions. Polymer emulsions are primarily derived from acrylics, vinyl acetate, styrene-butadiene, and polyurethane, making them highly adaptable to industry-specific needs. Polymer Emulsion Value and Growth Projections According to a comprehensive market survey by Future Market Insights, the global polymer emulsion market was valued at USD 23,867.2 million in 2022 . The market is poised to grow at a CAGR of 6.1% from 2022 to 2032 , reaching an estimated valuation of USD 43,147.5 million by the end of the forecast period . This growth trajectory is fueled by the rising demand for environmentally friendly products and advancements in water-based technology, which align with stringent regulatory frameworks. Read more: https://www.globenewswire.com/news-release/2024/11/14/2980775/0/en/Polymer-Emulsion-Market-to-Surpass-Valuation-of-USD-43-147-5-Million-by-2032-due-to-Increasing-Usage-in-the-Automotive-Industry-Future-Market-Insights-Inc.html Key Takeaways The polymer emulsion market is witnessing robust growth driven by the need for sustainable, low-VOC products. The paint and coatings segment continues to dominate the market, driven by increased construction activities and the demand for decorative coatings. Asia-Pacific emerges as a lucrative region due to rapid industrialization, urbanization, and expanding infrastructure projects. Rising consumer awareness and regulatory policies on environmental conservation significantly influence market dynamics.WWW.GLOBENEWSWIRE.COMPolymer Emulsion Market to Surpass Valuation of USD 43,147.5 Million by 2032 due to Increasing Usage in the Automotive Industry | Future Market Insights, Inc.In 2022, North America led the global polymer emulsion market, holding the largest share of revenue. The region's market is expected to see significant...0 Comments 0 Shares 495 Views 0 Reviews -
Industrial Insulation Industry Size, Share & Demand
As per the reports published by FMI, the global industrial insulation industry demand is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is USD 8,420.2 million in 2024. The market value of the industrial insulation market is anticipated to surpass a valuation of USD 13,731.1 million by the year 2034. A historical market valuation of USD 8,088.6 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.
FMI has analyzed that growing industrialization and urbanization have resulted in a surge of construction and industrial activities in many regions across the world. Insulation materials have high usage across these sectors and therefore the demand for industrial insulation is estimated to rise at a rapid pace.
Since these insulators guard the equipment in extremely high and low temperatures, and reduce the risk of accidents, along with preventing moisture condensation. These aspects are estimated to bolster the growth of the market in the forthcoming years. The growing consumer awareness and robust economic growth are anticipated to bring extensive growth opportunities to the industrial insulation market.
Source: https://www.openpr.com/news/3185125/global-industrial-insulation-market-set-to-exceed-us-12-66
“Rise of the petrochemical, oil & gas industries across the developing economies are estimated to create lucrative growth opportunities for the industrial insulation manufacturers.” – Says an FMI Analyst
Key Takeaways from the Industrial Insulation Market
The industrial insulation market is estimated to register an average-paced CAGR of 5% through the forecast period.
The Petrochemicals and Refineries segment by product type category is estimated to hold considerable shares in the upcoming years. The segment accounted for 30.3% of revenue shares in 2024.
The CMS Fiber segment is anticipated to progress at a CAGR of 3.9% during the period 2022-2032.
The North American region is expected to dominate the global industrial insulation market with the US as the dominating country, demand in the United States is set to rise at 2.8% CAGR in 2034.Industrial Insulation Industry Size, Share & Demand As per the reports published by FMI, the global industrial insulation industry demand is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is USD 8,420.2 million in 2024. The market value of the industrial insulation market is anticipated to surpass a valuation of USD 13,731.1 million by the year 2034. A historical market valuation of USD 8,088.6 million has been recorded by the experts of Future Market Insights for the concerned market during the base year. FMI has analyzed that growing industrialization and urbanization have resulted in a surge of construction and industrial activities in many regions across the world. Insulation materials have high usage across these sectors and therefore the demand for industrial insulation is estimated to rise at a rapid pace. Since these insulators guard the equipment in extremely high and low temperatures, and reduce the risk of accidents, along with preventing moisture condensation. These aspects are estimated to bolster the growth of the market in the forthcoming years. The growing consumer awareness and robust economic growth are anticipated to bring extensive growth opportunities to the industrial insulation market. Source: https://www.openpr.com/news/3185125/global-industrial-insulation-market-set-to-exceed-us-12-66 “Rise of the petrochemical, oil & gas industries across the developing economies are estimated to create lucrative growth opportunities for the industrial insulation manufacturers.” – Says an FMI Analyst Key Takeaways from the Industrial Insulation Market The industrial insulation market is estimated to register an average-paced CAGR of 5% through the forecast period. The Petrochemicals and Refineries segment by product type category is estimated to hold considerable shares in the upcoming years. The segment accounted for 30.3% of revenue shares in 2024. The CMS Fiber segment is anticipated to progress at a CAGR of 3.9% during the period 2022-2032. The North American region is expected to dominate the global industrial insulation market with the US as the dominating country, demand in the United States is set to rise at 2.8% CAGR in 2034.WWW.OPENPR.COMGlobal Industrial Insulation Market Set to Exceed US$ 12.66 Billion by 2032, Reports FMIIndustrial insulation plays a vital role in enhancing energy efficiency and safety across various sectors By minimizing heat transfer it conserves energy reduces operational costs and creates a safer work environment From pipes and tanks to equipment and facilities industrial ...0 Comments 0 Shares 830 Views 0 Reviews -
Nylon-6 Industry Size, Share & Demand
The global nylon-6 industry share is expected to secure around USD 26,040.9 Million in 2032 and is likely to hold a valuation of around USD 14,679 Million in 2022. The global industry size is expected to exhibit a stable CAGR of 5.9% over the projection period from 2022 to 2032.
The growth in the market is attributed to the surging concern about the environment as well as the demand for nylon-6 in the emerging textile market, which will make nylon-6 a more attractive product in the market. The inclusion of PA 6 and PA 6, 6 into 3D printing systems is expected to lead to market growth for nylon-6 in the market.
From 2016-2021, the market displayed a growth rate of 5.1%.
As a result of its high pressure, heat, and corrosion resistance, it is highly regarded in the manufacturing industry. In addition to its phenomenal properties, the nylon-6 polyamide is an engineered thermoplastic that comprises good flow properties, moldability, extrusion capability, chemical resistance, and morphological properties.
It has diverse applications that involve fused filament fabrication (FFF), and nylon 6 is considered a promising candidate in future markets. Nyon-6 is known for its characterization of physical and chemical properties that make it suitable for a wide range of applications.
Source: https://www.prnewswire.com/news-releases/nylon-6-market-is-set-to-surpass-revenue-of-us-26-1-mn-is-estimated-to-reach-by-2032-end-at-a-steady-cagr--data-analysis-by-future-market-insights-inc-301663177.html
Approximately 60% of the global production of polyamides is composed of nylon 6.
Around 6.6 million metric tons of nylon-6 were globally produced in 2013. In a huge variety of applications, both nylon 6 and nylon 66 can be used interchangeably depending on the local availability and the applications that require them in a particular environment.
It becomes evident that nylon 66 and nylon 6 have different properties for industrial uses.
Key Takeaways in Nylon-6 Market
Nylon-6’s versatility and its diverse application in various sectors are the major driving factors within the global market. Nylon-6 is used in various end-use industries such as automotive, packaging, electronics & electrical, wires & cables, textiles, films & coating, and others. As a result, the market is expected to benefit from an increase in demand for applications in the above sectors.
Nylon 6 (PA-6) is anticipated to see a surge in demand attributed to its usage in the healthcare sector and musical instruments. In addition to that, the nylon-6 market growth continues to prosper over the assessment period through increased capital investments, higher productivity, and a growing product portfolio. Even though nylon-6 (PA6) is an ideal material due to its physical and chemical properties, some features may inhibit its use, like its tendency to shrink in molded sections.
The lightweight advantages of nylon 6 result in a significant reduction in fuel emissions along with improved fuel efficiency. Transportation has widely become dependent on plastics over recent years. Furthermore, films and coatings are also emerging as a major driver in the food industry where films and coatings are being used to produce flexible packaging with a longer shelf life, such as meat packaging. This sector is dominated by low-cost plastic packaging such as PP, PE, and PVC.
Attributing to its high dielectric resistance, nylon 6 is known to be the most preferred polyamide in applications subjected to thermal and mechanical stress. The potential uses of nylon 6 have increased due to the emergence of polymer technologies.Nylon-6 Industry Size, Share & Demand The global nylon-6 industry share is expected to secure around USD 26,040.9 Million in 2032 and is likely to hold a valuation of around USD 14,679 Million in 2022. The global industry size is expected to exhibit a stable CAGR of 5.9% over the projection period from 2022 to 2032. The growth in the market is attributed to the surging concern about the environment as well as the demand for nylon-6 in the emerging textile market, which will make nylon-6 a more attractive product in the market. The inclusion of PA 6 and PA 6, 6 into 3D printing systems is expected to lead to market growth for nylon-6 in the market. From 2016-2021, the market displayed a growth rate of 5.1%. As a result of its high pressure, heat, and corrosion resistance, it is highly regarded in the manufacturing industry. In addition to its phenomenal properties, the nylon-6 polyamide is an engineered thermoplastic that comprises good flow properties, moldability, extrusion capability, chemical resistance, and morphological properties. It has diverse applications that involve fused filament fabrication (FFF), and nylon 6 is considered a promising candidate in future markets. Nyon-6 is known for its characterization of physical and chemical properties that make it suitable for a wide range of applications. Source: https://www.prnewswire.com/news-releases/nylon-6-market-is-set-to-surpass-revenue-of-us-26-1-mn-is-estimated-to-reach-by-2032-end-at-a-steady-cagr--data-analysis-by-future-market-insights-inc-301663177.html Approximately 60% of the global production of polyamides is composed of nylon 6. Around 6.6 million metric tons of nylon-6 were globally produced in 2013. In a huge variety of applications, both nylon 6 and nylon 66 can be used interchangeably depending on the local availability and the applications that require them in a particular environment. It becomes evident that nylon 66 and nylon 6 have different properties for industrial uses. Key Takeaways in Nylon-6 Market Nylon-6’s versatility and its diverse application in various sectors are the major driving factors within the global market. Nylon-6 is used in various end-use industries such as automotive, packaging, electronics & electrical, wires & cables, textiles, films & coating, and others. As a result, the market is expected to benefit from an increase in demand for applications in the above sectors. Nylon 6 (PA-6) is anticipated to see a surge in demand attributed to its usage in the healthcare sector and musical instruments. In addition to that, the nylon-6 market growth continues to prosper over the assessment period through increased capital investments, higher productivity, and a growing product portfolio. Even though nylon-6 (PA6) is an ideal material due to its physical and chemical properties, some features may inhibit its use, like its tendency to shrink in molded sections. The lightweight advantages of nylon 6 result in a significant reduction in fuel emissions along with improved fuel efficiency. Transportation has widely become dependent on plastics over recent years. Furthermore, films and coatings are also emerging as a major driver in the food industry where films and coatings are being used to produce flexible packaging with a longer shelf life, such as meat packaging. This sector is dominated by low-cost plastic packaging such as PP, PE, and PVC. Attributing to its high dielectric resistance, nylon 6 is known to be the most preferred polyamide in applications subjected to thermal and mechanical stress. The potential uses of nylon 6 have increased due to the emergence of polymer technologies.WWW.PRNEWSWIRE.COMNylon-6 Market is Set to Surpass Revenue of US$ 26.1 Mn is Estimated to Reach by 2032 end at a Steady CAGR | Data Analysis by Future Market Insights, Inc./PRNewswire/ -- The global nylon-6 market is expected to exhibit a stable CAGR of 5.9% over the projection period from 2022 to 2032. The global market is...0 Comments 0 Shares 1K Views 0 Reviews -
Formaldehyde-Free Resins Industry Size, Share & Demand
The global formaldehyde-free resin industry size was worth USD 8,346.7 Million in the year 2022 and is expected to reach USD 16,257 Million by the year 2032 at a CAGR of 6.9% between 2022 and 2032.
The characteristics of formaldehyde-free resin include robust resistance to moisture with good adhesion properties. As such, formaldehyde-free resins are used to bind fiberglass filaments in fabricating industrial nonwovens inclusive of fiberglass webs used in the insulation of roofing, HVAC filters, and floorings.
Wood adhesives are used on an extensive note in the furniture vertical and offer advantages like appropriate adhesion to wood, enhanced balance between flexibility and rigidity, and resistance to fatigue and water. There are fiberglass substrates used in automotive, infrastructure, and chemicals vertical; which are bound with adhesives providing resistance against corrosion with electrical insulation.
Source: https://www.medical-equipment-and-supplies.com/company/910976/news/3558155/surging-demand-for-formaldehyde-free-resins-driven-by-construction-boom-and-industrial-applications
Advantages of resin finishing in textile vertical include enhanced dimensional stability and shape retention, smoother and softer fabric surface, simpler to iron, enhanced wet fastness of prints and dyeing, better appearance, and greater wash resistance of the mechanically produced luster (of fiber blends and the stiffening embossed finished, oil-repellents, and water-repellents).
At the same time, the fact that the initial processing cost of formaldehyde-free resin is higher can’t be ignored. Plus, consuming carcinogenic formaldehyde could prove to be detrimental to human health. These factors could act as restraints to the formaldehyde-free resin market in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Formaldehyde-free Resin Market’. The team of analysts and consultants is there to execute through its 360-degree view across macros and micros.
“With formaldehyde-free resin being excessively used for insulation at residential, commercial, and industrial level, the global formaldehyde-free resin market is likely to grow well in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from the Formaldehyde-free Resin Market
North America holds a significant market share due to rising utilization of formaldehyde-free resins in several verticals like paper, plywood, textiles, coatings, and likewise.
Europe is expected to witness a substantiation in the formaldehyde-free resin market going forward due to the deployment of these resins in automotive, construction, and other verticals.
The Asia-Pacific is expected to grow at a rapid pace in the formaldehyde-free resin market due to modernization of infrastructure and rising urbanization.Formaldehyde-Free Resins Industry Size, Share & Demand The global formaldehyde-free resin industry size was worth USD 8,346.7 Million in the year 2022 and is expected to reach USD 16,257 Million by the year 2032 at a CAGR of 6.9% between 2022 and 2032. The characteristics of formaldehyde-free resin include robust resistance to moisture with good adhesion properties. As such, formaldehyde-free resins are used to bind fiberglass filaments in fabricating industrial nonwovens inclusive of fiberglass webs used in the insulation of roofing, HVAC filters, and floorings. Wood adhesives are used on an extensive note in the furniture vertical and offer advantages like appropriate adhesion to wood, enhanced balance between flexibility and rigidity, and resistance to fatigue and water. There are fiberglass substrates used in automotive, infrastructure, and chemicals vertical; which are bound with adhesives providing resistance against corrosion with electrical insulation. Source: https://www.medical-equipment-and-supplies.com/company/910976/news/3558155/surging-demand-for-formaldehyde-free-resins-driven-by-construction-boom-and-industrial-applications Advantages of resin finishing in textile vertical include enhanced dimensional stability and shape retention, smoother and softer fabric surface, simpler to iron, enhanced wet fastness of prints and dyeing, better appearance, and greater wash resistance of the mechanically produced luster (of fiber blends and the stiffening embossed finished, oil-repellents, and water-repellents). At the same time, the fact that the initial processing cost of formaldehyde-free resin is higher can’t be ignored. Plus, consuming carcinogenic formaldehyde could prove to be detrimental to human health. These factors could act as restraints to the formaldehyde-free resin market in the forecast period. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Formaldehyde-free Resin Market’. The team of analysts and consultants is there to execute through its 360-degree view across macros and micros. “With formaldehyde-free resin being excessively used for insulation at residential, commercial, and industrial level, the global formaldehyde-free resin market is likely to grow well in the forecast period”, says an analyst from Future Market Insights. Key Takeaways from the Formaldehyde-free Resin Market North America holds a significant market share due to rising utilization of formaldehyde-free resins in several verticals like paper, plywood, textiles, coatings, and likewise. Europe is expected to witness a substantiation in the formaldehyde-free resin market going forward due to the deployment of these resins in automotive, construction, and other verticals. The Asia-Pacific is expected to grow at a rapid pace in the formaldehyde-free resin market due to modernization of infrastructure and rising urbanization.0 Comments 0 Shares 1K Views 0 Reviews -
Colloidal Silica Industry Size, Share, Demand & Growth
The global colloidal silica industry demand was valued at USD 252.0 Million in 2022 and is projected to expand at a CAGR of 3.9% during the forecast period (2022-2030).
Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low-detection surfaces for semiconductors.
Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces.
In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years.
A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world. The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market.
Read more: https://www.accesswire.com/589485/evaluating-the-covid-19-impact-demand-for-colloidal-silica-slips-as-global-manufacturing-activities-come-to-a-sudden-halt-future-market-insights
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.Colloidal Silica Industry Size, Share, Demand & Growth The global colloidal silica industry demand was valued at USD 252.0 Million in 2022 and is projected to expand at a CAGR of 3.9% during the forecast period (2022-2030). Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low-detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years. A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world. The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market. Read more: https://www.accesswire.com/589485/evaluating-the-covid-19-impact-demand-for-colloidal-silica-slips-as-global-manufacturing-activities-come-to-a-sudden-halt-future-market-insights About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.0 Comments 0 Shares 1K Views 0 Reviews -
Waterborne Automobile Coating Market Outlook, Current and Future Industry Landscape Analysis by 2032
The global demand for waterborne automobile coatings is projected to surge, with an anticipated market value of USD 79 billion in 2022, and is expected to reach USD 141.5 billion by 2032, growing at a CAGR of 6% during the forecast period. This growth is largely attributed to the coatings’ ability to protect vehicles against UV radiation, acid rain, and adverse weather conditions.
Waterborne automobile coatings are eco-friendly solutions that use water as a solvent to disperse a resin. These coatings typically contain up to 80% water, with small quantities of other solvents such as glycol ethers. Their environment-friendly nature is underscored by regulations in the US and Europe, which mandate a VOC content of less than 3.5 pounds per gallon of water.
Key takeaways from the market include:
Environmental Benefits : Waterborne coatings significantly reduce volatile organic compound (VOC) emissions, aligning with stringent environmental regulations.
Market Growth : The market is driven by the increasing demand for eco-friendly products, high chemical resistance, and low-temperature processing.
Challenges : The longer drying and curing times compared to solvent-borne coatings and sensitivity to humidity and freezing conditions may hamper growth.
Source: https://www.plasticsnewsdirectory.com/company/910976/news/3556792/waterborne-automobile-coating-market-outlook-current-and-future-industry-landscape-analysis-by-2032
Regional Analysis
Asia-Pacific : This region is expected to dominate the waterborne automobile coatings market due to the rapid growth of the automobile industry and less stringent regulations. The surge in vehicle production, particularly in China and India, coupled with rising middle-class incomes, is propelling market growth.
North America : The US is poised to lead regional growth, with significant adoption of electrocoat processes. Electrocoat, an immersion painting technique, offers uniform and clean coating applications, making it popular among vehicle manufacturers. The demand for quick and efficient coating methods in US factories will further drive the adoption of electrocoating technologies.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Waterborne Automobile Coating Market Outlook, Current and Future Industry Landscape Analysis by 2032 The global demand for waterborne automobile coatings is projected to surge, with an anticipated market value of USD 79 billion in 2022, and is expected to reach USD 141.5 billion by 2032, growing at a CAGR of 6% during the forecast period. This growth is largely attributed to the coatings’ ability to protect vehicles against UV radiation, acid rain, and adverse weather conditions. Waterborne automobile coatings are eco-friendly solutions that use water as a solvent to disperse a resin. These coatings typically contain up to 80% water, with small quantities of other solvents such as glycol ethers. Their environment-friendly nature is underscored by regulations in the US and Europe, which mandate a VOC content of less than 3.5 pounds per gallon of water. Key takeaways from the market include: Environmental Benefits : Waterborne coatings significantly reduce volatile organic compound (VOC) emissions, aligning with stringent environmental regulations. Market Growth : The market is driven by the increasing demand for eco-friendly products, high chemical resistance, and low-temperature processing. Challenges : The longer drying and curing times compared to solvent-borne coatings and sensitivity to humidity and freezing conditions may hamper growth. Source: https://www.plasticsnewsdirectory.com/company/910976/news/3556792/waterborne-automobile-coating-market-outlook-current-and-future-industry-landscape-analysis-by-2032 Regional Analysis Asia-Pacific : This region is expected to dominate the waterborne automobile coatings market due to the rapid growth of the automobile industry and less stringent regulations. The surge in vehicle production, particularly in China and India, coupled with rising middle-class incomes, is propelling market growth. North America : The US is poised to lead regional growth, with significant adoption of electrocoat processes. Electrocoat, an immersion painting technique, offers uniform and clean coating applications, making it popular among vehicle manufacturers. The demand for quick and efficient coating methods in US factories will further drive the adoption of electrocoating technologies. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.0 Comments 0 Shares 2K Views 0 Reviews -
Growing Demand and Projections for the Ortho Phthalic Aldehyde Market
Ortho Phthalic Aldehyde, a key compound in the chemical industry, is seeing steady demand growth due to its widespread applications in the manufacturing of plastics, resins, and various chemicals. It serves as a critical intermediate in the production of phthalic acid and plasticizers, which are integral to industries such as automotive, construction, and electronics. As industries continue to expand, the demand for Ortho Phthalic Aldehyde is projected to experience significant growth, with increasing adoption of advanced manufacturing technologies and its essential role in producing high-performance materials.
Ortho Phthalic Aldehyde Market Value and Growth Projections
The global Ortho Phthalic Aldehyde market was valued at USD 5.3 billion in 2022. Looking ahead, this market is expected to grow at a compound annual growth rate (CAGR) of 5.2%, reaching a projected value of USD 8.8 billion by 2032. This growth is driven by the rising need for advanced materials, higher adoption rates in industries requiring durable plastics, and increased demand from emerging markets.
Read more: https://www.plasticsnewsdirectory.com/company/910976/news/3556791/growing-demand-and-projections-for-the-ortho-phthalic-aldehyde-market
Key Takeaways
The global Ortho Phthalic Aldehyde market is projected to grow from USD 5.3 billion in 2022 to USD 8.8 billion by 2032.
A steady CAGR of 5.2% is anticipated, driven by increasing industrial use in plastics, resins, and other chemical products.
Technological advancements and sustainability trends are likely to shape future market dynamics.
Emerging markets and expanding industrial sectors, particularly in Asia-Pacific, are expected to drive a significant portion of the market growth.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.Growing Demand and Projections for the Ortho Phthalic Aldehyde Market Ortho Phthalic Aldehyde, a key compound in the chemical industry, is seeing steady demand growth due to its widespread applications in the manufacturing of plastics, resins, and various chemicals. It serves as a critical intermediate in the production of phthalic acid and plasticizers, which are integral to industries such as automotive, construction, and electronics. As industries continue to expand, the demand for Ortho Phthalic Aldehyde is projected to experience significant growth, with increasing adoption of advanced manufacturing technologies and its essential role in producing high-performance materials. Ortho Phthalic Aldehyde Market Value and Growth Projections The global Ortho Phthalic Aldehyde market was valued at USD 5.3 billion in 2022. Looking ahead, this market is expected to grow at a compound annual growth rate (CAGR) of 5.2%, reaching a projected value of USD 8.8 billion by 2032. This growth is driven by the rising need for advanced materials, higher adoption rates in industries requiring durable plastics, and increased demand from emerging markets. Read more: https://www.plasticsnewsdirectory.com/company/910976/news/3556791/growing-demand-and-projections-for-the-ortho-phthalic-aldehyde-market Key Takeaways The global Ortho Phthalic Aldehyde market is projected to grow from USD 5.3 billion in 2022 to USD 8.8 billion by 2032. A steady CAGR of 5.2% is anticipated, driven by increasing industrial use in plastics, resins, and other chemical products. Technological advancements and sustainability trends are likely to shape future market dynamics. Emerging markets and expanding industrial sectors, particularly in Asia-Pacific, are expected to drive a significant portion of the market growth. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.0 Comments 0 Shares 1K Views 0 Reviews -
The global green and bio-based polyols market, valued at USD 7,998.3 Million in 2019, is experiencing a robust surge in demand driven by increasing sustainability efforts and green consciousness across industries. By 2025, the market is projected to reach USD 11,616.9 Million , with an impressive 10.3% year-on-year growth. Furthermore, long-term forecasts predict a CAGR of 11.7% between 2025 and 2035, culminating in a market size of USD 35,650.2 Million by the end of 2035.
Manufacturers are providing polyester polyols that can primarily be used in a "2k system" coupled with isocyanates like MDI and/or TDI to make polyurethane which surges the demand for bio polyol and green polyol. Other uses are in amalgamation with melamine, epoxy, acrylates, etc. Their standard polyester polyols are based on different types of acids and glycols and tailored-made grades to develop the end user's needs.
"The green and bio-based polyol market is experiencing significant growth, driven by increasing demand for sustainable and eco-friendly materials. As industries strive to reduce their environmental impact, bio-based polyols offer an attractive alternative to traditional petroleum-based products, contributing to the circular economy." - Opines Nikhil Kaitwade Associate Vice President at Future Market Insights (FMI).
Other Publication: https://www.plasticsnewsdirectory.com/company/910976/news/3560353/sustainable-innovation-government-incentives-fuel-demand-for-green-and-bio-based-polyol-in-key-industries
The global green and bio-based polyols market, valued at USD 7,998.3 Million in 2019, is experiencing a robust surge in demand driven by increasing sustainability efforts and green consciousness across industries. By 2025, the market is projected to reach USD 11,616.9 Million , with an impressive 10.3% year-on-year growth. Furthermore, long-term forecasts predict a CAGR of 11.7% between 2025 and 2035, culminating in a market size of USD 35,650.2 Million by the end of 2035. Manufacturers are providing polyester polyols that can primarily be used in a "2k system" coupled with isocyanates like MDI and/or TDI to make polyurethane which surges the demand for bio polyol and green polyol. Other uses are in amalgamation with melamine, epoxy, acrylates, etc. Their standard polyester polyols are based on different types of acids and glycols and tailored-made grades to develop the end user's needs. "The green and bio-based polyol market is experiencing significant growth, driven by increasing demand for sustainable and eco-friendly materials. As industries strive to reduce their environmental impact, bio-based polyols offer an attractive alternative to traditional petroleum-based products, contributing to the circular economy." - Opines Nikhil Kaitwade Associate Vice President at Future Market Insights (FMI). Other Publication: https://www.plasticsnewsdirectory.com/company/910976/news/3560353/sustainable-innovation-government-incentives-fuel-demand-for-green-and-bio-based-polyol-in-key-industries0 Comments 0 Shares 939 Views 0 Reviews -
United Kingdom Veneered Panels Industry Size, Share & Demand
According to Future Market Insights (FMI), the United Kingdom veneered panel industry size is forecast to expand from USD 276.7 million in 2023 to USD 495.5 million by 2033. Total sales of veneered panels across the United Kingdom are projected to rise at 6.0% CAGR from 2023 to 2033.
The rising usage of veneered panels across thriving construction, automotive, and furniture sectors is a prominent factor driving the United Kingdom market.
Similarly, developing new and innovative veneered panel products will act as a catalyst to trigger sales in the United Kingdom market.
Veneered panels with enhanced fire-resistant properties are becoming increasingly sought after in industries where fire safety is a priority, such as construction and interior design. These panels can help minimize the spread of flames and reduce the risk of fire-related damage, thereby driving demand for such products.
The construction and interior design industries are subject to stringent safety and compliance regulations. Veneered panels that meet these requirements, particularly in terms of durability and fire resistance, are in high demand.
Customers and businesses prioritize products that comply with safety standards, further boosting the market demand.
The development of new and innovative veneered panels with improved durability and fire-resistant properties meets the increasing demand for safer, longer-lasting, and aesthetically pleasing materials. These factors contribute to the growth of the veneered panel market.
Read more: https://www.accesswire.com/759225/united-kingdom-veneered-panels-market-valuation-is-set-to-exceed-us-4955-million-at-a-cagr-of-6-by-forecast-period-2033-end-future-market-insights-incUnited Kingdom Veneered Panels Industry Size, Share & Demand According to Future Market Insights (FMI), the United Kingdom veneered panel industry size is forecast to expand from USD 276.7 million in 2023 to USD 495.5 million by 2033. Total sales of veneered panels across the United Kingdom are projected to rise at 6.0% CAGR from 2023 to 2033. The rising usage of veneered panels across thriving construction, automotive, and furniture sectors is a prominent factor driving the United Kingdom market. Similarly, developing new and innovative veneered panel products will act as a catalyst to trigger sales in the United Kingdom market. Veneered panels with enhanced fire-resistant properties are becoming increasingly sought after in industries where fire safety is a priority, such as construction and interior design. These panels can help minimize the spread of flames and reduce the risk of fire-related damage, thereby driving demand for such products. The construction and interior design industries are subject to stringent safety and compliance regulations. Veneered panels that meet these requirements, particularly in terms of durability and fire resistance, are in high demand. Customers and businesses prioritize products that comply with safety standards, further boosting the market demand. The development of new and innovative veneered panels with improved durability and fire-resistant properties meets the increasing demand for safer, longer-lasting, and aesthetically pleasing materials. These factors contribute to the growth of the veneered panel market. Read more: https://www.accesswire.com/759225/united-kingdom-veneered-panels-market-valuation-is-set-to-exceed-us-4955-million-at-a-cagr-of-6-by-forecast-period-2033-end-future-market-insights-inc0 Comments 0 Shares 1K Views 0 Reviews -
Pharma Grade Sodium Bicarbonate Industry Size, Share & Demand
According to Future Market Insights (FMI), the worldwide pharma-grade sodium bicarbonate market share is expected to reach USD 274.8 million in 2024 and USD 387.7 million by 2034. The market is projected to rise at a CAGR of 3.5% by 2034.
The global pharma-grade sodium bicarbonate market is driven by the increasing consumption of sodium bicarbonate by the pharmaceutical industry, particularly as an active pharmaceutical ingredient (API). It is widely used in treating metabolic acidosis, hemodialysis, cardiac arrest, extracorporeal blood circulation, and uncontrolled diabetes.
Growing geriatric population is set to drive demand for sodium-based medications. API is expected to become the dominant chief ingredient in drug formulations, enhancing the capabilities of various drugs. Furthermore, the application of sodium bicarbonate for hemodialysis is also expected to increase during the forecast period.
Research and development activities are focusing on new applications of pharmaceutical-grade sodium bicarbonate. A study by the University of Liverpool and the Karolinska Institute in Sweden found that giving women pharma-grade sodium bicarbonate in addition to oxytocin increased their chances of natural vaginal delivery by 17%. This research is set to drive growth and unlatch new applications for pharmaceutical-grade sodium bicarbonate.
Source: https://www.einpresswire.com/article/562730770/pharma-grade-sodium-bicarbonate-market-is-expected-to-reach-us-315-4-mn-by-the-end-of-2028-fmi
Key Takeaways from the Pharma Grade Sodium Bicarbonate Market Report:
The pharma-grade sodium bicarbonate market is expected to reach a value of US$ 387.7 million by 2034.
The market is projected to surge at a CAGR of 3.5% by 2034.
China's pharma-grade sodium bicarbonate market is expected to grow at a CAGR of 3.9% by 2034.
The United States is projected to rise at a CAGR of 2% in 2034.
Based on grade, the coarse segment is expected to hold a market share of 78.2% in 2024.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.Pharma Grade Sodium Bicarbonate Industry Size, Share & Demand According to Future Market Insights (FMI), the worldwide pharma-grade sodium bicarbonate market share is expected to reach USD 274.8 million in 2024 and USD 387.7 million by 2034. The market is projected to rise at a CAGR of 3.5% by 2034. The global pharma-grade sodium bicarbonate market is driven by the increasing consumption of sodium bicarbonate by the pharmaceutical industry, particularly as an active pharmaceutical ingredient (API). It is widely used in treating metabolic acidosis, hemodialysis, cardiac arrest, extracorporeal blood circulation, and uncontrolled diabetes. Growing geriatric population is set to drive demand for sodium-based medications. API is expected to become the dominant chief ingredient in drug formulations, enhancing the capabilities of various drugs. Furthermore, the application of sodium bicarbonate for hemodialysis is also expected to increase during the forecast period. Research and development activities are focusing on new applications of pharmaceutical-grade sodium bicarbonate. A study by the University of Liverpool and the Karolinska Institute in Sweden found that giving women pharma-grade sodium bicarbonate in addition to oxytocin increased their chances of natural vaginal delivery by 17%. This research is set to drive growth and unlatch new applications for pharmaceutical-grade sodium bicarbonate. Source: https://www.einpresswire.com/article/562730770/pharma-grade-sodium-bicarbonate-market-is-expected-to-reach-us-315-4-mn-by-the-end-of-2028-fmi Key Takeaways from the Pharma Grade Sodium Bicarbonate Market Report: The pharma-grade sodium bicarbonate market is expected to reach a value of US$ 387.7 million by 2034. The market is projected to surge at a CAGR of 3.5% by 2034. China's pharma-grade sodium bicarbonate market is expected to grow at a CAGR of 3.9% by 2034. The United States is projected to rise at a CAGR of 2% in 2034. Based on grade, the coarse segment is expected to hold a market share of 78.2% in 2024. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.WWW.EINPRESSWIRE.COMPharma Grade Sodium Bicarbonate Market is expected to reach US$ 315.4 Mn by the end of 2028- FMIPharma Grade Sodium Bicarbonate Market – Analysis, Outlook, Growth Trends, and Forecast0 Comments 0 Shares 1K Views 0 Reviews -
Aluminum Fluoride Industry Size, Share & Demand
Over the projection period, sales in the aluminum fluoride industry are expected to increase at a CAGR of 2.7%. The market size is predicted to be valued at USD 2.3 billion in 2023 and USD 3 billion by 2033.
The aluminum fluoride market is witnessing technological advancements, particularly in the area of refining and purification processes. Continuous efforts are being made to enhance the purity and quality of aluminum fluoride, enabling its application in various industries, such as ceramics, glass, and metallurgy. The market is influenced by regulatory factors and government policies aimed at promoting domestic aluminum production and reducing import dependency, creating both challenges and opportunities for manufacturers.
A significant driver in the aluminum fluoride market size is the increasing demand for aluminum fluoride in lithium-ion batteries. As the demand for electric vehicles and renewable energy storage grows, the need for high-performance batteries rises. Aluminum fluoride plays a crucial role in improving battery performance and stability, driving its demand in this sector.
An emerging trend is the growing focus on environmental sustainability. Manufacturers and consumers are increasingly conscious of the environmental impact of chemical processes. This has led to a shift towards eco-friendly production methods and the development of aluminum fluoride from renewable sources. Companies are exploring innovative techniques to reduce emissions, improve energy efficiency, and minimize waste generation during aluminum fluoride production.
Source: https://www.globenewswire.com/news-release/2023/05/30/2678242/0/en/Aluminum-Fluoride-Market-Sales-is-Expected-to-hit-worth-of-US-3-Billion-by-Soaring-at-2-7-CAGR-during-2023-to-2033-Analysis-by-Future-Market-Insights-Inc.html
Key Takeaways:
North America, specifically the United States, has been at the forefront of the global aluminum fluoride industry.
The aluminum sector exhibits a notable demand for aluminum fluoride.
The metallurgical industry displays a substantial demand for aluminum fluoride.
“The Aluminum Fluoride Market is experiencing consistent expansion propelled by rising demand from sectors like aluminum manufacturing, lithium-ion batteries, and ceramics, alongside an emphasis on sustainable methodologies,” – remarks an analyst at FMI.
How Key Players are revolutionizing this market?
Key players in the manufacturing of aluminum fluoride are revolutionizing the market through innovative approaches and advanced technologies. These companies are investing in research and development to improve production processes, enhance product quality, and increase efficiency.
They are adopting sustainable practices, such as optimizing energy consumption and minimizing waste generation, to reduce the environmental impact of aluminum fluoride manufacturing. Key players are also focusing on expanding their production capacities to meet the growing demand from various industries. They are actively engaging in strategic collaborations, mergers, and acquisitions to strengthen their market position, gain access to new markets, and leverage complementary expertise. Through these initiatives, key players are driving the transformation and evolution of the aluminum fluoride market.
Key Players:
Alufluoride Ltd.
Rio Tinto Plc
Tanfac Industries Ltd.
Fluorsid S.p.A
Mexichem S.A.B. de C.V.
Industries Chimiques du Fluor (ICF)
PhosAgro PJSC
Do-Fluoride Chemicals Co., Ltd
Pingquan Greatwall Chemical Co., Ltd.
Gulf Fluor
AB Lifosa
Alufluor AB
Derivados del Fluor
Product Portfolio:
Alufluoride Ltd.’s product portfolio includes aluminum fluoride, cryolite, and other fluoride-based chemicals. They specialize in manufacturing high-quality products for industries such as aluminum smelting, ceramics, and chemicals, offering customized solutions to meet specific customer requirements.
Rio Tinto Plc’s product portfolio comprises a wide range of products, including aluminum, copper, iron ore, diamonds, and various minerals. They are a leading global mining and metals company, supplying essential resources to industries worldwide and focusing on sustainable mining practices and responsible sourcing.
Aluminum Fluoride Industry Size, Share & Demand Over the projection period, sales in the aluminum fluoride industry are expected to increase at a CAGR of 2.7%. The market size is predicted to be valued at USD 2.3 billion in 2023 and USD 3 billion by 2033. The aluminum fluoride market is witnessing technological advancements, particularly in the area of refining and purification processes. Continuous efforts are being made to enhance the purity and quality of aluminum fluoride, enabling its application in various industries, such as ceramics, glass, and metallurgy. The market is influenced by regulatory factors and government policies aimed at promoting domestic aluminum production and reducing import dependency, creating both challenges and opportunities for manufacturers. A significant driver in the aluminum fluoride market size is the increasing demand for aluminum fluoride in lithium-ion batteries. As the demand for electric vehicles and renewable energy storage grows, the need for high-performance batteries rises. Aluminum fluoride plays a crucial role in improving battery performance and stability, driving its demand in this sector. An emerging trend is the growing focus on environmental sustainability. Manufacturers and consumers are increasingly conscious of the environmental impact of chemical processes. This has led to a shift towards eco-friendly production methods and the development of aluminum fluoride from renewable sources. Companies are exploring innovative techniques to reduce emissions, improve energy efficiency, and minimize waste generation during aluminum fluoride production. Source: https://www.globenewswire.com/news-release/2023/05/30/2678242/0/en/Aluminum-Fluoride-Market-Sales-is-Expected-to-hit-worth-of-US-3-Billion-by-Soaring-at-2-7-CAGR-during-2023-to-2033-Analysis-by-Future-Market-Insights-Inc.html Key Takeaways: North America, specifically the United States, has been at the forefront of the global aluminum fluoride industry. The aluminum sector exhibits a notable demand for aluminum fluoride. The metallurgical industry displays a substantial demand for aluminum fluoride. “The Aluminum Fluoride Market is experiencing consistent expansion propelled by rising demand from sectors like aluminum manufacturing, lithium-ion batteries, and ceramics, alongside an emphasis on sustainable methodologies,” – remarks an analyst at FMI. How Key Players are revolutionizing this market? Key players in the manufacturing of aluminum fluoride are revolutionizing the market through innovative approaches and advanced technologies. These companies are investing in research and development to improve production processes, enhance product quality, and increase efficiency. They are adopting sustainable practices, such as optimizing energy consumption and minimizing waste generation, to reduce the environmental impact of aluminum fluoride manufacturing. Key players are also focusing on expanding their production capacities to meet the growing demand from various industries. They are actively engaging in strategic collaborations, mergers, and acquisitions to strengthen their market position, gain access to new markets, and leverage complementary expertise. Through these initiatives, key players are driving the transformation and evolution of the aluminum fluoride market. Key Players: Alufluoride Ltd. Rio Tinto Plc Tanfac Industries Ltd. Fluorsid S.p.A Mexichem S.A.B. de C.V. Industries Chimiques du Fluor (ICF) PhosAgro PJSC Do-Fluoride Chemicals Co., Ltd Pingquan Greatwall Chemical Co., Ltd. Gulf Fluor AB Lifosa Alufluor AB Derivados del Fluor Product Portfolio: Alufluoride Ltd.’s product portfolio includes aluminum fluoride, cryolite, and other fluoride-based chemicals. They specialize in manufacturing high-quality products for industries such as aluminum smelting, ceramics, and chemicals, offering customized solutions to meet specific customer requirements. Rio Tinto Plc’s product portfolio comprises a wide range of products, including aluminum, copper, iron ore, diamonds, and various minerals. They are a leading global mining and metals company, supplying essential resources to industries worldwide and focusing on sustainable mining practices and responsible sourcing.WWW.GLOBENEWSWIRE.COMAluminum Fluoride Market Sales is Expected to hit worth of US$ 3 Billion by Soaring at 2.7% CAGR during 2023 to 2033 | Analysis by Future Market Insights, Inc.Germany, as the epicenter of the aluminum fluoride industry in Europe, is witnessing significant growth in its stakeholders driven by demand from...0 Comments 0 Shares 1K Views 0 Reviews -
Phosphate Conversion Coatings Market Size, Share & Demand
As per exhaustive research by FMI, the global phosphate conversion coatings market size is poised to total USD 1,863.6 million in 2022. Increasing adoption in the production of casing connections to enhance their sealing performance is fueling the demand for phosphate conversion coatings.
Future Market Insights (FMI), Consecutively, increasing demand for automotive vehicles across countries such as the USA, China, Germany, and India is projected to aid the growth in the market. On account of this, sales of phosphate conversion coatings are projected to reach a 4.0% CAGR, surpassing USD 2,359.6 million over the forecast period between 2022 and 2028.
Source: https://www.prnewswire.com/news-releases/phosphate-conversion-coatings-market-to-surpass-us-2-35-bn-as-applications-in-consumer-electronic-grows-fmi-301443018.html
Phosphate conversion coatings transform the basis metal surface into a non-metallic crystalline surface. This enhances appearance, improves corrosion resistance, and promotes adhesion & lubrication.
Hence, these coatings are extensively being used across the automotive industry to enhance auto components such as car frames, engine mounts, and wheels.
Growing demand for the treatment of aluminum, zinc, and steel for creating a thin adhering layer as a foundation to subsequent painting and coatings across the building and construction industry is further driving the growth in the market. This has assisted the market to exhibit 4% year-over-year growth in 2021.
Based on product type, manganese phosphate conversion coatings are anticipated to emerge as the most preferred coating. As per FMI, the segment is poised to exhibit growth at 4.3% CAGR through 2028.
Excellent oil retention and wear resistance properties for corrosion resistance and lubricity are factors facilitating the growth in the segment.
“Increasing research and development (R&D) activities for developing preventive measures to increase the life of the equipment using advance eco-friendly coating solutions across the chemical and oil & gas industries are favoring the growth in the market,” says an FMI analyst.
Key Takeaways from Phosphate Conversion Coatings Market Study
The USA market size is anticipated to total US$ 294.8 Mn, accounting for over 75.4% of total market share by the end of 2022.
China is projected to emerge as a highly remunerative market, accounting for around 1/3th of the total phosphate conversion coatings sales between 2022 and 2028.
Germany is expected to exhibit steady growth across Europe, accounting for nearly 20.5% of the revenue share through 2028.
India is forecast to account for a significant share in the Asia Pacific market, owing to the increasing demand for automotive vehicles in the country.
On the basis of end-use industry, the automotive segment is estimated to register the fastest growth in the market, accounting for more than 47.2% of the sales by 2028.
Key Drivers
Increasing use of phosphate conversion coatings in underground pipelines, petrochemical equipment, and offshore rigs, owing to its excellent galling protection properties is propelling the demand across the oil & gas industry.
Growing usage of manganese phosphate conversion coatings to prevent metal-to-metal contact between moving parts of automotive vehicles is rising the sales across the manganese segment.Phosphate Conversion Coatings Market Size, Share & Demand As per exhaustive research by FMI, the global phosphate conversion coatings market size is poised to total USD 1,863.6 million in 2022. Increasing adoption in the production of casing connections to enhance their sealing performance is fueling the demand for phosphate conversion coatings. Future Market Insights (FMI), Consecutively, increasing demand for automotive vehicles across countries such as the USA, China, Germany, and India is projected to aid the growth in the market. On account of this, sales of phosphate conversion coatings are projected to reach a 4.0% CAGR, surpassing USD 2,359.6 million over the forecast period between 2022 and 2028. Source: https://www.prnewswire.com/news-releases/phosphate-conversion-coatings-market-to-surpass-us-2-35-bn-as-applications-in-consumer-electronic-grows-fmi-301443018.html Phosphate conversion coatings transform the basis metal surface into a non-metallic crystalline surface. This enhances appearance, improves corrosion resistance, and promotes adhesion & lubrication. Hence, these coatings are extensively being used across the automotive industry to enhance auto components such as car frames, engine mounts, and wheels. Growing demand for the treatment of aluminum, zinc, and steel for creating a thin adhering layer as a foundation to subsequent painting and coatings across the building and construction industry is further driving the growth in the market. This has assisted the market to exhibit 4% year-over-year growth in 2021. Based on product type, manganese phosphate conversion coatings are anticipated to emerge as the most preferred coating. As per FMI, the segment is poised to exhibit growth at 4.3% CAGR through 2028. Excellent oil retention and wear resistance properties for corrosion resistance and lubricity are factors facilitating the growth in the segment. “Increasing research and development (R&D) activities for developing preventive measures to increase the life of the equipment using advance eco-friendly coating solutions across the chemical and oil & gas industries are favoring the growth in the market,” says an FMI analyst. Key Takeaways from Phosphate Conversion Coatings Market Study The USA market size is anticipated to total US$ 294.8 Mn, accounting for over 75.4% of total market share by the end of 2022. China is projected to emerge as a highly remunerative market, accounting for around 1/3th of the total phosphate conversion coatings sales between 2022 and 2028. Germany is expected to exhibit steady growth across Europe, accounting for nearly 20.5% of the revenue share through 2028. India is forecast to account for a significant share in the Asia Pacific market, owing to the increasing demand for automotive vehicles in the country. On the basis of end-use industry, the automotive segment is estimated to register the fastest growth in the market, accounting for more than 47.2% of the sales by 2028. Key Drivers Increasing use of phosphate conversion coatings in underground pipelines, petrochemical equipment, and offshore rigs, owing to its excellent galling protection properties is propelling the demand across the oil & gas industry. Growing usage of manganese phosphate conversion coatings to prevent metal-to-metal contact between moving parts of automotive vehicles is rising the sales across the manganese segment.WWW.PRNEWSWIRE.COMPhosphate Conversion Coatings Market to Surpass US$ 2.35 Bn as Applications in Consumer Electronic Grows: FMI/PRNewswire/ -- Future Market Insights (FMI), Dubai: As per exhaustive research by FMI, the global phosphate conversion coatings market is poised to total US$...0 Comments 0 Shares 1K Views 0 Reviews -
Epoxy Curing Agents Industry Size, Share, Demand & Growth
The growth of the market is supported by evolving trends such as the replacement of dicyandiamide curing agents have a direct impact on the dynamics of the epoxy curing agents industry.
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The global epoxy curing agents market share is expected to witness a healthy CAGR of around 4.6% during the forecast period from 2023 to 2033. The global market is currently valued at around USD 3,658.7 million in 2023 and is anticipated to reach a high of about USD 5,740.0 million by the year 2033.
In addition to that, epoxy-curing agents are highly employed as primers for protective coatings. According to FMI’s historical analysis, the global epoxy curing agents market grew at a CAGR of 3.7% in 2022.
The development of curing agents with low volatile organic compounds is anticipated to increase the demand for epoxy curing agents in the forthcoming years. Furthermore, the upsurge in the requirement from several end-use industries such as the paints & coatings industry is anticipated to bolster growth in the market along with large demand for epoxy resin-based composites in the aerospace and wind-energy industries are expected to fuel the global forum of epoxy curing agents.
According to the experts of Future Market Insights, the global market of epoxy curing agents is expected to have healthy growth. However, it has also been revealed that after studying the market in-depth, certain prevailing elements are likely to curb the growth in the long run.
Key Takeaways
The rising shares and surging growth of the manufacturing sector, construction sector, electronics, and automotive industry are prime drivers of reshaping dynamics in the concerned market.
Due to rapid technological advancements, and increasing consumer shift towards environmentally friendly options, the new environmentally friendly epoxy curing agents extend profitable opportunities to the market players in the forecast period.
Surging demand for electronic products such as smartphones and automotive electronic equipment also increases the demand for epoxy curing agents over the projection period.
According to the research conducted by the experts of Future Market Insights, epoxy curing agents have diverse usage in multiple building and construction applications as they possess high sheer strength, coupled with better quality finish characteristics. Furthermore, rapidly changing trends like replacing dicyandiamide curing agents in the construction sector are likely to make a major contribution to driving the growth of the epoxy curing agents market during the assessment years.
Consumers are drastically shifting their preferences towards a better standard of living owing to a rise in disposable income along with a significant shift of preference within the construction industry for decorative buildings, along with increased spending by the government on sustainable construction, which is estimated to propel the sales of epoxy curing agents further amidst the period 2023-2033.
Increasing demand for adhesives from the construction industry is propelling the growth and advancements within the global epoxy curing agents market. In addition to that, demand for lighter components in the automotive industry is also known as a key demand driver over the projection years.Epoxy Curing Agents Industry Size, Share, Demand & Growth The growth of the market is supported by evolving trends such as the replacement of dicyandiamide curing agents have a direct impact on the dynamics of the epoxy curing agents industry. Read more: https://www.accesswire.com/724232/epoxy-curing-agents-market-is-set-to-reach-revenue-of-us-311-bn-in-2022-and-is-anticipated-to-reach-us-516-bn-at-a-cagr-of-5-during-the-forecast-period-of-2022-32-future-market-insights-inc The global epoxy curing agents market share is expected to witness a healthy CAGR of around 4.6% during the forecast period from 2023 to 2033. The global market is currently valued at around USD 3,658.7 million in 2023 and is anticipated to reach a high of about USD 5,740.0 million by the year 2033. In addition to that, epoxy-curing agents are highly employed as primers for protective coatings. According to FMI’s historical analysis, the global epoxy curing agents market grew at a CAGR of 3.7% in 2022. The development of curing agents with low volatile organic compounds is anticipated to increase the demand for epoxy curing agents in the forthcoming years. Furthermore, the upsurge in the requirement from several end-use industries such as the paints & coatings industry is anticipated to bolster growth in the market along with large demand for epoxy resin-based composites in the aerospace and wind-energy industries are expected to fuel the global forum of epoxy curing agents. According to the experts of Future Market Insights, the global market of epoxy curing agents is expected to have healthy growth. However, it has also been revealed that after studying the market in-depth, certain prevailing elements are likely to curb the growth in the long run. Key Takeaways The rising shares and surging growth of the manufacturing sector, construction sector, electronics, and automotive industry are prime drivers of reshaping dynamics in the concerned market. Due to rapid technological advancements, and increasing consumer shift towards environmentally friendly options, the new environmentally friendly epoxy curing agents extend profitable opportunities to the market players in the forecast period. Surging demand for electronic products such as smartphones and automotive electronic equipment also increases the demand for epoxy curing agents over the projection period. According to the research conducted by the experts of Future Market Insights, epoxy curing agents have diverse usage in multiple building and construction applications as they possess high sheer strength, coupled with better quality finish characteristics. Furthermore, rapidly changing trends like replacing dicyandiamide curing agents in the construction sector are likely to make a major contribution to driving the growth of the epoxy curing agents market during the assessment years. Consumers are drastically shifting their preferences towards a better standard of living owing to a rise in disposable income along with a significant shift of preference within the construction industry for decorative buildings, along with increased spending by the government on sustainable construction, which is estimated to propel the sales of epoxy curing agents further amidst the period 2023-2033. Increasing demand for adhesives from the construction industry is propelling the growth and advancements within the global epoxy curing agents market. In addition to that, demand for lighter components in the automotive industry is also known as a key demand driver over the projection years.0 Comments 0 Shares 2K Views 0 Reviews -
Transportation Composite Market Size, Share, Demand & Growth
Browse the Complete Report: https://www.futuremarketinsights.com/reports/transportation-composites-market
According to the study, consistent innovation and research into technologies that help meet legislated emission targets are becoming the elixir for manufacturers of transportation composites. Moreover, as customers become more environmentally conscious, reuse and recycling are gaining traction – a development that augurs well for transportation composite manufacturers.
Transportation composites’ compatibility with the broader objectives of the automotive industry, notably sustainability and weight reduction, will drive sustained adoption, according to a new report by Future Market Insights (FMI).
In a bid to fulfill emissions targets and improve the sustainability of future automobiles, mass reduction of automobiles (lightweight) is increasingly emerging as a major challenge for automotive manufacturers. Lightweight vehicles help achieve improved fuel efficiency as well as offer better braking, acceleration, and handling.
As these trends propelling the current surge will sustain, transportation composite manufacturers are focusing on distinctive capabilities and continue to explore opportunities to better serve customers and make material progress.
Transportation Composites Market Size Study
Demand for lightweight components to drive market growth
Glass fiber transportation composites remain preferable owing to their superior properties such as high strength and durability
Thermosetting composites stay in demand through 2030, given the umpteen strength that makes them ideal for high-temperature conditions
Market players continue to reap substantial gains from Asia Pacific (APAC) over the following decade
“Over 100 models in the automotive industry currently leverage carbon fiber reinforced plastic (CRFP) for OEM components. The OEMs are banking on transportation composites to curb vehicle emissions, decrease vehicle weight, and thus, enhance fuel efficacy,” says an analyst at FMI.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.Transportation Composite Market Size, Share, Demand & Growth Browse the Complete Report: https://www.futuremarketinsights.com/reports/transportation-composites-market According to the study, consistent innovation and research into technologies that help meet legislated emission targets are becoming the elixir for manufacturers of transportation composites. Moreover, as customers become more environmentally conscious, reuse and recycling are gaining traction – a development that augurs well for transportation composite manufacturers. Transportation composites’ compatibility with the broader objectives of the automotive industry, notably sustainability and weight reduction, will drive sustained adoption, according to a new report by Future Market Insights (FMI). In a bid to fulfill emissions targets and improve the sustainability of future automobiles, mass reduction of automobiles (lightweight) is increasingly emerging as a major challenge for automotive manufacturers. Lightweight vehicles help achieve improved fuel efficiency as well as offer better braking, acceleration, and handling. As these trends propelling the current surge will sustain, transportation composite manufacturers are focusing on distinctive capabilities and continue to explore opportunities to better serve customers and make material progress. Transportation Composites Market Size Study Demand for lightweight components to drive market growth Glass fiber transportation composites remain preferable owing to their superior properties such as high strength and durability Thermosetting composites stay in demand through 2030, given the umpteen strength that makes them ideal for high-temperature conditions Market players continue to reap substantial gains from Asia Pacific (APAC) over the following decade “Over 100 models in the automotive industry currently leverage carbon fiber reinforced plastic (CRFP) for OEM components. The OEMs are banking on transportation composites to curb vehicle emissions, decrease vehicle weight, and thus, enhance fuel efficacy,” says an analyst at FMI. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.WWW.FUTUREMARKETINSIGHTS.COMTransportation Composites Market Analysis, Trends & ForecastTransportation composite market - explore thorough research on historical as well as current growth parameters to obtain growth prospects with maximum precision0 Comments 0 Shares 2K Views 0 Reviews -
Activated Bleaching Earth Industry Size, Share, Demand and Growth
The global activated bleaching earth industry demand is expected to reach a market valuation of USD 2.46 Billion by the year 2022, accelerating with a moderate CAGR of 5% by 2022 to 2032. The increasing use of bleaching earth relative to other absorbents in various oil processing industry processes is the primary growth driver of the activated bleaching earth market. Activated bleaching earth market size is anticipated to be valued at about USD 4 Billion by 2032 end.
Read the Complete Report:: https://www.futuremarketinsights.com/reports/activated-bleaching-earth-market
In the coming years, an increase in the production of edible oils and fats could fuel the growth of the activated bleaching earth industry. Future growth in the mineral oil industry is anticipated to have a beneficial effect on the demand for activated bleaching earth.
In addition, manufacturers are employing improved bleaching techniques to provide consumers with edible oils of a more dependable quality, due to users’ concerns regarding the quality of these oils. These reasons are expected to propel the expansion of the global activated bleaching earth market.
Utilization and consumption of edible oils and fats are the key forces driving the activated bleaching earth market’s expansion. Adaptation to and demand for healthy eating habits with low-fat oil are further factors driving the activated bleaching earth market expansion. In addition, the rising demand for biofuel is a factor that has a favorable impact on the activated bleaching earth market.
Customers are becoming more aware of their eating habits and may be inclined to consume foods with minimal fat or oil content. This shift in habit could enhance the demand for activated bleaching earth and propel the market for bleaching earth.
In addition, the increasing demand for biofuel, which is derived from vegetable oil, is one of the factors driving the activated bleaching earth market, particularly in industrialized nations. In North America and Europe, the activated bleaching earth market is expected to be driven by the increasing adoption of healthy eating habits and consumption of low-fat oil.
There are various restraints and limitations that will inhibit activated bleaching earth market expansion. During the projection period, factors such as the increasing demand for bleaching alternatives such as acid-activated bleaching earth, natural bleaching earth, activated carbon, and synthetic amorphous silica compounds are anticipated to restrain growth.
In addition, the limited recovery of the edible oils after bleaching is a significant limitation on the global demand for activated bleaching earth. Nonetheless, the ongoing evolution of technologies, the expansion of the automotive sector, and the untapped potential of emerging activated bleaching earth markets present growth opportunities.
Key Takeaways from the Market Study
Asia Pacific is predicted to experience the most increase in the activated bleaching earth market in the coming years. China is anticipated to be the major revenue contributor to the growth of the activated bleaching earth market in this region. India is anticipated to rank second to China.
In the future years, the activated bleaching earth market is anticipated to expand significantly in Europe due to the anticipated rise in the adoption of bleaching earth techniques in countries such as the United Kingdom and Germany.
Countries in the Middle East such as Bahrain and Egypt may experience an increase in demand for edible oils and fats, which may have a favourable effect on the activated bleaching earth market in this region.
Asia Pacific dominated the activated bleaching earth market in 2021, accounting for almost 63.5 percent of the total revenue.
The sector of edible oils and fats led to the demand for activated bleaching earth in 2021, accounting for more than 76.5 percent of worldwide sales.
Competitive Landscape
Multiple international businesses are engaged in mergers & acquisitions, geographical expansion, and product improvements & inventions to strengthen their activated bleaching earth market position and increase profits on the global market, which is extremely competitive. The fragmentation of the industry is expected to occur from the emergence of small-scale producers in developing economies, especially China, Malaysia, Indonesia, and India.
Due to the unpredictability in the costs and availability of raw materials, activated bleaching earth businesses struggle to reach optimal production levels while efficiently allocating resources. The majority of players locate their manufacturing facilities close to the bentonite extraction facility, ensuring a consistent supply of raw materials.Activated Bleaching Earth Industry Size, Share, Demand and Growth The global activated bleaching earth industry demand is expected to reach a market valuation of USD 2.46 Billion by the year 2022, accelerating with a moderate CAGR of 5% by 2022 to 2032. The increasing use of bleaching earth relative to other absorbents in various oil processing industry processes is the primary growth driver of the activated bleaching earth market. Activated bleaching earth market size is anticipated to be valued at about USD 4 Billion by 2032 end. Read the Complete Report:: https://www.futuremarketinsights.com/reports/activated-bleaching-earth-market In the coming years, an increase in the production of edible oils and fats could fuel the growth of the activated bleaching earth industry. Future growth in the mineral oil industry is anticipated to have a beneficial effect on the demand for activated bleaching earth. In addition, manufacturers are employing improved bleaching techniques to provide consumers with edible oils of a more dependable quality, due to users’ concerns regarding the quality of these oils. These reasons are expected to propel the expansion of the global activated bleaching earth market. Utilization and consumption of edible oils and fats are the key forces driving the activated bleaching earth market’s expansion. Adaptation to and demand for healthy eating habits with low-fat oil are further factors driving the activated bleaching earth market expansion. In addition, the rising demand for biofuel is a factor that has a favorable impact on the activated bleaching earth market. Customers are becoming more aware of their eating habits and may be inclined to consume foods with minimal fat or oil content. This shift in habit could enhance the demand for activated bleaching earth and propel the market for bleaching earth. In addition, the increasing demand for biofuel, which is derived from vegetable oil, is one of the factors driving the activated bleaching earth market, particularly in industrialized nations. In North America and Europe, the activated bleaching earth market is expected to be driven by the increasing adoption of healthy eating habits and consumption of low-fat oil. There are various restraints and limitations that will inhibit activated bleaching earth market expansion. During the projection period, factors such as the increasing demand for bleaching alternatives such as acid-activated bleaching earth, natural bleaching earth, activated carbon, and synthetic amorphous silica compounds are anticipated to restrain growth. In addition, the limited recovery of the edible oils after bleaching is a significant limitation on the global demand for activated bleaching earth. Nonetheless, the ongoing evolution of technologies, the expansion of the automotive sector, and the untapped potential of emerging activated bleaching earth markets present growth opportunities. Key Takeaways from the Market Study Asia Pacific is predicted to experience the most increase in the activated bleaching earth market in the coming years. China is anticipated to be the major revenue contributor to the growth of the activated bleaching earth market in this region. India is anticipated to rank second to China. In the future years, the activated bleaching earth market is anticipated to expand significantly in Europe due to the anticipated rise in the adoption of bleaching earth techniques in countries such as the United Kingdom and Germany. Countries in the Middle East such as Bahrain and Egypt may experience an increase in demand for edible oils and fats, which may have a favourable effect on the activated bleaching earth market in this region. Asia Pacific dominated the activated bleaching earth market in 2021, accounting for almost 63.5 percent of the total revenue. The sector of edible oils and fats led to the demand for activated bleaching earth in 2021, accounting for more than 76.5 percent of worldwide sales. Competitive Landscape Multiple international businesses are engaged in mergers & acquisitions, geographical expansion, and product improvements & inventions to strengthen their activated bleaching earth market position and increase profits on the global market, which is extremely competitive. The fragmentation of the industry is expected to occur from the emergence of small-scale producers in developing economies, especially China, Malaysia, Indonesia, and India. Due to the unpredictability in the costs and availability of raw materials, activated bleaching earth businesses struggle to reach optimal production levels while efficiently allocating resources. The majority of players locate their manufacturing facilities close to the bentonite extraction facility, ensuring a consistent supply of raw materials.WWW.FUTUREMARKETINSIGHTS.COMActivated Bleaching Earth Market Shares, Trends & Size-2032The activated Bleaching Earth Market is anticipated to be valued at US$ 4 Billion by 2032 & will rise at a CAGR of 5% in the period of 2032, a report by FMI0 Comments 0 Shares 2K Views 0 Reviews -
Traffic Road Marking Coatings Industry Size, Share, Demand & GrowthThe global Traffic Road Marking Coatings market is poised for significant growth, with an estimated value of USD 5.22 billion in 2022, projected to reach USD 9.34 billion by 2032. This translates to a compound annual growth rate (CAGR) of 6% over the forecast period from 2022 to 2032. The increasing need for improved road safety, urbanization, and the development of smart cities are the primary...0 Comments 0 Shares 626 Views 0 Reviews
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Coumarin Industry Size, Share, Demand & Growth
The global coumarin market is on a trajectory of impressive growth, with Future Market Insights projecting a market value of approximately USD 356.05 million by the end of 2033. This growth, driven by various sectors, reflects a Compound Annual Growth Rate (CAGR) of 7% from 2022 to 2032, with the market valued at USD 181 million in 2023.
Coumarin is a fragrant organic compound with a sweet scent, typically found in several plants, including cinnamon, tonka beans, and sweet clover. Its chemical structure lends itself to diverse applications, making it a valuable asset in multiple industries. Coumarin is renowned for its use in the fragrance and flavoring sectors, as well as its medicinal properties, which contribute to its rising popularity. Its distinct aroma and flavor profile, combined with health benefits, have positioned coumarin as an essential ingredient across various consumer goods.
Read the Complete Report: https://www.futuremarketinsights.com/reports/coumarin-market
Coumarin Value and Growth Projections
The global coumarin market, currently valued at USD 181 million, is anticipated to witness substantial growth, reaching USD 356.05 million by 2033. The market's expansion can be attributed to a growing interest in natural and organic products across various industries, particularly in cosmetics, food and beverages, and pharmaceuticals. With increasing consumer awareness regarding the benefits of natural ingredients, the demand for coumarin-based products is expected to soar. As industries adapt to this trend, they are incorporating coumarin into their offerings, significantly boosting market value.Coumarin Industry Size, Share, Demand & Growth The global coumarin market is on a trajectory of impressive growth, with Future Market Insights projecting a market value of approximately USD 356.05 million by the end of 2033. This growth, driven by various sectors, reflects a Compound Annual Growth Rate (CAGR) of 7% from 2022 to 2032, with the market valued at USD 181 million in 2023. Coumarin is a fragrant organic compound with a sweet scent, typically found in several plants, including cinnamon, tonka beans, and sweet clover. Its chemical structure lends itself to diverse applications, making it a valuable asset in multiple industries. Coumarin is renowned for its use in the fragrance and flavoring sectors, as well as its medicinal properties, which contribute to its rising popularity. Its distinct aroma and flavor profile, combined with health benefits, have positioned coumarin as an essential ingredient across various consumer goods. Read the Complete Report: https://www.futuremarketinsights.com/reports/coumarin-market Coumarin Value and Growth Projections The global coumarin market, currently valued at USD 181 million, is anticipated to witness substantial growth, reaching USD 356.05 million by 2033. The market's expansion can be attributed to a growing interest in natural and organic products across various industries, particularly in cosmetics, food and beverages, and pharmaceuticals. With increasing consumer awareness regarding the benefits of natural ingredients, the demand for coumarin-based products is expected to soar. As industries adapt to this trend, they are incorporating coumarin into their offerings, significantly boosting market value.WWW.FUTUREMARKETINSIGHTS.COMCoumarin Market - Size, Growth, Trends, Demand & Share | 2033Recent Update: The Global Coumarin Market size is projected to grow from US$ 181 million in 2023 to US$ 356.05 million by 2033, at a CAGR of 7% from 2023 to 20330 Comments 0 Shares 788 Views 0 Reviews -
Ballistic Protection Material Market Size, Share, Demand & Growth
The global ballistic protection materials market value reached USD 15,247.8 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR. The industry is predicted to surge from USD 16,070.3 million in 2024 to USD 28,965 million in 2034. It is further projected to exhibit a Y-O-Y growth of 5.4% in 2024.
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Demand remains exceptionally high for aramid fibers like Kevlar, owing to their excellent properties, including lightweight and high strength. The target segment is anticipated to register a CAGR of 7.9% during the forecast period.
The market for ballistic protection materials is predicted to expand around 2.0X through 2033. This growth is attributed to increasing cross-border tensions and conflicts in numerous countries.
The expanding defense budgets globally serve as a driving force for the ballistic protection material market. Similarly, increasing the allocation of funds toward enhancing military capabilities propels the demand for advanced armor solutions.
Global civilian safety equipment demand is rising due to growing concerns about threats from terrorists and criminals. This, in turn, is expected to drive the growth of the ballistic protection material market.
Civilians are increasingly proactive in protecting themselves, leading to expansion in the market for body armor, helmets, and vehicle armor. This trend signifies a global societal shift towards prioritizing personal safety and security.
The growing need for ballistic protection in the defense sector offers substantial opportunities for market expansion. This is propelled by a surge in defense spending and increasing national conflicts.
A variety of ballistic protection equipment, such as shields, gloves, helmets, protective vests, shoes, and jackets, are employed to enhance defense operations against chemical explosions. Rising products and usage of this equipment are set to uplift demand for ballistic protection materials.
Key Takeaways from the Report
The global market for ballistic protection materials is projected to thrive at a 7.4% CAGR through 2033.
By material type, the aramid fibers segment is expected to total USD 14,004.1 million by 2033.
North America is expected to account for a significant market share of about 37.7% in 2033.
The United States industry value is anticipated to reach USD 11,289.8 million by 2033.
China is projected to attain a valuation of USD 4,880.5 million by 2033.
Demand in India is predicted to rise at 9.3% CAGR through 2033.
“The ballistic protection material industry is poised to rise robustly amid growing geopolitical tensions and the evolving threat of terrorism. Military modernization programs and the imperative for law enforcement agencies to enhance officer safety will also contribute to the increasing demand for ballistic protection materials,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Competitive Landscape
Following are the leading manufacturers of ballistic protection materials profiled in the full version of the report.
Honeywell International Inc.
DuPont
TEIJIN Ltd.
Rheinmetall AG
TenCate Protective Fabrics
Kolon Industries Inc.
BAE Systems
Rochling Group
Morgan Advanced Materials Plc.
Beijing Tongyizhong New Material Technology Corporation
Dexcraft
FY-Composites Oy
Final Advanced Materials
ArmorSource LLC
Key players are focusing on developing innovative materials with enhanced features like lightweight and high strength to boost their sales. They also adopt strategies like facility expansions, mergers, collaborations, partnerships, and acquisitions to expand their presence and stay ahead of the competition.Ballistic Protection Material Market Size, Share, Demand & Growth The global ballistic protection materials market value reached USD 15,247.8 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR. The industry is predicted to surge from USD 16,070.3 million in 2024 to USD 28,965 million in 2034. It is further projected to exhibit a Y-O-Y growth of 5.4% in 2024. Request Report Sample! https://www.fmisamplereport.com/sample/rep-gb-1033 Demand remains exceptionally high for aramid fibers like Kevlar, owing to their excellent properties, including lightweight and high strength. The target segment is anticipated to register a CAGR of 7.9% during the forecast period. The market for ballistic protection materials is predicted to expand around 2.0X through 2033. This growth is attributed to increasing cross-border tensions and conflicts in numerous countries. The expanding defense budgets globally serve as a driving force for the ballistic protection material market. Similarly, increasing the allocation of funds toward enhancing military capabilities propels the demand for advanced armor solutions. Global civilian safety equipment demand is rising due to growing concerns about threats from terrorists and criminals. This, in turn, is expected to drive the growth of the ballistic protection material market. Civilians are increasingly proactive in protecting themselves, leading to expansion in the market for body armor, helmets, and vehicle armor. This trend signifies a global societal shift towards prioritizing personal safety and security. The growing need for ballistic protection in the defense sector offers substantial opportunities for market expansion. This is propelled by a surge in defense spending and increasing national conflicts. A variety of ballistic protection equipment, such as shields, gloves, helmets, protective vests, shoes, and jackets, are employed to enhance defense operations against chemical explosions. Rising products and usage of this equipment are set to uplift demand for ballistic protection materials. Key Takeaways from the Report The global market for ballistic protection materials is projected to thrive at a 7.4% CAGR through 2033. By material type, the aramid fibers segment is expected to total USD 14,004.1 million by 2033. North America is expected to account for a significant market share of about 37.7% in 2033. The United States industry value is anticipated to reach USD 11,289.8 million by 2033. China is projected to attain a valuation of USD 4,880.5 million by 2033. Demand in India is predicted to rise at 9.3% CAGR through 2033. “The ballistic protection material industry is poised to rise robustly amid growing geopolitical tensions and the evolving threat of terrorism. Military modernization programs and the imperative for law enforcement agencies to enhance officer safety will also contribute to the increasing demand for ballistic protection materials,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.). Competitive Landscape Following are the leading manufacturers of ballistic protection materials profiled in the full version of the report. Honeywell International Inc. DuPont TEIJIN Ltd. Rheinmetall AG TenCate Protective Fabrics Kolon Industries Inc. BAE Systems Rochling Group Morgan Advanced Materials Plc. Beijing Tongyizhong New Material Technology Corporation Dexcraft FY-Composites Oy Final Advanced Materials ArmorSource LLC Key players are focusing on developing innovative materials with enhanced features like lightweight and high strength to boost their sales. They also adopt strategies like facility expansions, mergers, collaborations, partnerships, and acquisitions to expand their presence and stay ahead of the competition.Ballistic Protection Material Market - Sample | Future Market InsightsGet you queries resolved from our expert analysts who will assist with all your research needs and customize the report0 Comments 0 Shares 1K Views 0 Reviews -
Non-Woven Glass Fiber Prepreg Market Size, Share & Demand by 2032
The global market for Non-Woven Glass Fiber Prepreg is poised for unprecedented growth, propelled by advancements in composite materials and increasing demand across various industries. According to the latest market survey by Future Market Insights, the market was valued at USD 901.7 million in 2022 and is expected to soar to an impressive USD 1,757.3 million by 2032, registering a compound annual growth rate (CAGR) of 6.90% during the forecast period.
This press release delves into the value, growth projections, and key market dynamics shaping the future of non-woven glass fiber prepreg.
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Understanding Non-Woven Glass Fiber Prepreg
Non-woven glass fiber prepreg is a high-performance composite material made by pre-impregnating glass fibers with a thermoset or thermoplastic resin. This material is widely recognized for its superior strength, durability, lightweight nature, and excellent resistance to thermal and chemical stresses.
It is extensively used in industries such as aerospace, automotive, wind energy, and construction, where advanced materials are critical to enhancing performance while reducing environmental impacts. Its non-woven nature ensures uniformity and ease of handling, making it a preferred choice for intricate designs and structural applications.
Non-Woven Glass Fiber Prepreg Value and Growth Projections
The robust growth of the non-woven glass fiber prepreg market underscores its increasing importance in modern manufacturing.
• Market Valuation: USD 901.7 million in 2022.
• Forecasted Growth: A CAGR of 6.90% between 2022 and 2032.
• Projected Valuation: USD 1,757.3 million by 2032.
This growth trajectory is fueled by the rising demand for lightweight, durable materials in aerospace and automotive sectors, along with an increased focus on renewable energy solutions, particularly in wind turbine blade manufacturing.
Key Takeaways
• Emerging Market Opportunities: The Asia-Pacific region is emerging as a significant growth hub, driven by rapid industrialization and increasing investments in infrastructure and renewable energy projects.
• Technological Advancements: Innovations in resin systems and manufacturing techniques are enhancing the performance and cost-efficiency of non-woven glass fiber prepregs.
• Sustainability Focus: The material’s recyclability and energy-efficient properties align with the global shift towards sustainable practices, further boosting its adoption.
Prominent Drivers of Non-Woven Glass Fiber Prepreg
1. Rising Demand in Aerospace and Automotive Industries: The need for lightweight materials to improve fuel efficiency and reduce emissions is a critical driver. Non-woven glass fiber prepregs offer the ideal combination of strength and weight reduction.
2. Growth in Renewable Energy Projects: With wind energy becoming a cornerstone of renewable power generation, the demand for high-performance materials like non-woven glass fiber prepregs for wind turbine blades is accelerating.
3. Expanding Infrastructure Developments: Urbanization and modernization initiatives are spurring the use of advanced materials in construction for improved durability and safety.
Key Companies Profiled
Saint-Gobain; Huntsman International LLC; Owens Corning; Toray Advanced Composites; BASF SE; SOLVAY; Setral Chemie GmbH; SGL Carbon; SAERTEX GmbH Co. KG; Jushi Group Co., Ltd; PPG Industries Inc.; Johns Manville; Ahlstrom-Munksj ;Ashland Inc.; Arkem S.A.; Hexcel Corporation; Gurit; Jonam Composites Ltd.; ADFORS; Nippon Resibon Corporation
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Non-Woven Glass Fiber Prepreg Market Size, Share & Demand by 2032 The global market for Non-Woven Glass Fiber Prepreg is poised for unprecedented growth, propelled by advancements in composite materials and increasing demand across various industries. According to the latest market survey by Future Market Insights, the market was valued at USD 901.7 million in 2022 and is expected to soar to an impressive USD 1,757.3 million by 2032, registering a compound annual growth rate (CAGR) of 6.90% during the forecast period. This press release delves into the value, growth projections, and key market dynamics shaping the future of non-woven glass fiber prepreg. Request Report Sample! https://www.fmisamplereport.com/sample/rep-gb-2487 Understanding Non-Woven Glass Fiber Prepreg Non-woven glass fiber prepreg is a high-performance composite material made by pre-impregnating glass fibers with a thermoset or thermoplastic resin. This material is widely recognized for its superior strength, durability, lightweight nature, and excellent resistance to thermal and chemical stresses. It is extensively used in industries such as aerospace, automotive, wind energy, and construction, where advanced materials are critical to enhancing performance while reducing environmental impacts. Its non-woven nature ensures uniformity and ease of handling, making it a preferred choice for intricate designs and structural applications. Non-Woven Glass Fiber Prepreg Value and Growth Projections The robust growth of the non-woven glass fiber prepreg market underscores its increasing importance in modern manufacturing. • Market Valuation: USD 901.7 million in 2022. • Forecasted Growth: A CAGR of 6.90% between 2022 and 2032. • Projected Valuation: USD 1,757.3 million by 2032. This growth trajectory is fueled by the rising demand for lightweight, durable materials in aerospace and automotive sectors, along with an increased focus on renewable energy solutions, particularly in wind turbine blade manufacturing. Key Takeaways • Emerging Market Opportunities: The Asia-Pacific region is emerging as a significant growth hub, driven by rapid industrialization and increasing investments in infrastructure and renewable energy projects. • Technological Advancements: Innovations in resin systems and manufacturing techniques are enhancing the performance and cost-efficiency of non-woven glass fiber prepregs. • Sustainability Focus: The material’s recyclability and energy-efficient properties align with the global shift towards sustainable practices, further boosting its adoption. Prominent Drivers of Non-Woven Glass Fiber Prepreg 1. Rising Demand in Aerospace and Automotive Industries: The need for lightweight materials to improve fuel efficiency and reduce emissions is a critical driver. Non-woven glass fiber prepregs offer the ideal combination of strength and weight reduction. 2. Growth in Renewable Energy Projects: With wind energy becoming a cornerstone of renewable power generation, the demand for high-performance materials like non-woven glass fiber prepregs for wind turbine blades is accelerating. 3. Expanding Infrastructure Developments: Urbanization and modernization initiatives are spurring the use of advanced materials in construction for improved durability and safety. Key Companies Profiled Saint-Gobain; Huntsman International LLC; Owens Corning; Toray Advanced Composites; BASF SE; SOLVAY; Setral Chemie GmbH; SGL Carbon; SAERTEX GmbH Co. KG; Jushi Group Co., Ltd; PPG Industries Inc.; Johns Manville; Ahlstrom-Munksj ;Ashland Inc.; Arkem S.A.; Hexcel Corporation; Gurit; Jonam Composites Ltd.; ADFORS; Nippon Resibon Corporation About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.Non-Woven Glass Fiber Prepreg Market - Sample | Future Market InsightsGet you queries resolved from our expert analysts who will assist with all your research needs and customize the report0 Comments 0 Shares 2K Views 0 Reviews
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