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Category: Chemical and Materials

The global sandwich panel market size was valued at USD 9.91 billion in 2023 and is projected to grow from USD 10.70 billion in 2024 to USD 20.51 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period. Sandwich panels are mainly used in the construction sector as a modern building material to offer structural stability and efficiency. It is used by binding a combination of a wide range of composite materials. The demand for fast construction is growing at a robust pace for various applications, such as cold storage, residential complexes, and commercial buildings. This will positively impact the sandwich panel market growth.

Fortune Business Insights™ displays this information in a report titled, "Sandwich Panel Market, 2025-2032."

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Segmentation:

Polyurethane to Gain Traction for Their Attractive Properties

Based on type, the market is segmented into polystyrene, polyurethane, mineral wool, and others. The polyurethane segment held a dominant market share in 2022 as it has several attractive features, such as strong resistance to corrosion, lightweight, cost-effectiveness, and high density.

Rising Non-Residential Construction to Boost Demand for Steel-based Outer Materials

Based on outer material, the market is segmented into steel, aluminum, and others. The steel segment is set to dominate the market during the forecast period as non-residential construction is on the rise across the world. Steel has several important properties, such as affordability and high fire resistance, further boosting its demand.

Product Demand to Rise across Non-Residential Applications Due to High Demand from Cold Storage Facility

Based on application, the market is segmented into residential and non-residential. The non-residential segment is expected to capture the largest share of the global market as the demand for cold storage facilities is rising from many industries. These panels can protect the heat of products stored in cold storage, accelerating their demand among end-users.

List of the Key Players in the Sandwich Panel Market:

  • Kingspan Group (Ireland)
  • Tata Steel (India)
  • Sintex Group (India)
  • ArcelorMittal (Europe)
  • Areco Group (Europe)
  • Assan Panel A.S. (Turkey)
  • Building Component Solutions LLC (Saudi Arabia)
  • DANA Group (UAE)
  • Rautaruukki Corporation (Europe)

Report Coverage:

The research report analyzes the market in detail and highlights crucial areas, such as top companies, outer materials, types, and prominent product applications. It also provides insights into the latest market trends and covers vital industry developments. Besides the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years.

Drivers and Restraints:

Growing Product Use in Non-Residential Applications to Boost Market Outlook

The non-residential sector is growing at a notable pace every year as the demand for high-quality infrastructure is rising across the world. Some of the popular examples of non-residential construction include cold storage facilities, institutional buildings, and industrial buildings. More of these structures are increasing their reliance on sandwich panels as they offer economic and sustainability benefits. They also provide great insulation, making them an ideal product for cold storage establishments. These factors are expected to boost the market share.

Regional Insights:

Asia Pacific Market to Witness Strong Growth with Expanding Building & Construction Industry

Asia Pacific captured a dominant market share in 2022 and is expected to maintain its position during the forecast period as well. One of the major factors contributing to the regional market’s growth is the ever-expanding building & construction sector. This sector needs sandwich panels to create strong public establishments and fulfill the demands of a growing regional population.

North America is also predicted to hold a major share in the global market as end-users across the region are using modular construction materials to develop a lightweight structure.

Competitive Landscape:

Companies to Adopt Strategic Planning to Fortify Market Competition

The market is highly fragmented with the presence of notable companies, such as Rautaruukki Corporation, Kingspan Group, Sintex, Assan Panel A.S., Areco, Tata Steel, ArcelorMittal, DANA Group of Companies, and Building Components Solutions LLC, among others. These companies are adopting various growth strategies, such as partnerships, mergers, and acquisitions to boost competition in the market.

Key Industry Development:

October 2022-  Kingspan Group acquired Invespanel, a producer of mineral wool, XPS, and EPS-core refrigeration panels. The acquisition strengthens Kingspan’s product portfolio and supports the development of new panel solutions.

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Methanol Market Share & Demand 2032


By Pallavi G, 2025-08-22

The global methanol market is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. The main reason for this is that methyl alcohol reduces the emissions of carbon dioxide in the atmosphere. This information is given by   Fortune Business Insights™   in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2025-2032" The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.

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Segmentation Analysis:

Formaldehyde Segment to Grow Rapidly Fueled by Increasing Demand from Multiple Industries

Based on derivatives, the market is segregated into solvent, MTO/MTP, biodiesel, gasoline blending, DME, MTBE, acetic acid, formaldehyde, and others. Out of these, the acetic acid segment held 5.4% in terms of methanol market share in 2019. The formaldehyde segment is likely to be the largest throughout the forthcoming years owing to their high demand from a wide range of industries, such as textile, automobile, and construction.

Regional Analysis:

Rising Production of Green Fuels to Favor Growth in North America

Geographically, in 2019, Asia Pacific procured USD 17.94 billion in terms of revenue. It is anticipated to be the major contributor to the market growth backed by the persistent expansion of the construction and automotive industries. China is a significant consumer and manufacturer of methanol derivatives. North America, on the other hand, is set to exhibit high growth stoked by the rising fuel blending and the increasing production of green fuels in this region.

Drivers & Restraints:

High Demand from Automotive & Construction Industries to Aid Growth

Heavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution. They often result in global warming and rapid changes in climate. Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions. Methyl alcohol is also used extensively as a transportation fuel owing to its possession of multiple properties. When mixed with gasoline, it reduces the toxic emissions. Apart from that, its high demand from construction and automotive industries would also contribute to the methanol market growth in the coming years. However, the outbreak of the COVID-19 pandemic is expected to affect the market negatively as the manufacturers have shut down their plants temporarily.

Competitive Landscape:

Key Players Focus on Forming Joint Ventures with Others to Intensify Competition

The global market contains many companies, out of which, most of them are participating in acquisitions, mergers, and joint venture strategies. A few others are focusing more on expanding their production capacities to meet the high consumer demand.

Fortune Business Insights profiles some of the prominent companies operating in the Methanol Market. They are as follows:

  • Methanex Corporation (Canada)
  • HELM AG (Germany)
  • Southern Chemical Corporation (U.S.)
  • SABIC (Saudi Arabia)
  • Mitsubishi Gas Chemical Company, Inc. (Japan)
  • Zagros Petroleum(Iran)
  • PETRONAS (Malaysia)
  • Mitsui & Co., Ltd. (Japan)
  • Celanese Corporation (U.S.)
  • BASF SE (Germany)
  • Simalin Chemical Industries Pvt. Ltd. (India)
  • Other Players

Key Industry Development:

  • September 2024-  Methanex agreed to acquire OCI Global’s international methanol business for $2.05 billion, expanding its global presence.
  • July 2024-  Methanex’s Geismar 3 plant in Louisiana began production with a 1.8 million-tonne capacity and one of the industry’s lowest emission profiles.

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The global construction materials market size was valued at USD 1,320.01 billion in 2023 and is projected to grow from USD 1,369.86 billion in 2024 to USD 1,867.16 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period. The Global Construction Materials Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Construction Materials Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

This information is provided by   Fortune Business Insights™   in its research report, titled   “Construction Materials Market, 2025-2032”.

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Segments:

Aggregates Segment to Gain Traction Driven by Boost in Infrastructure Development

Based on material type, the market is fragmented into aggregates, cement, bricks and blocks, metals, and others. The aggregates segment is estimated to depict appreciable growth throughout the projected period. The rise can be attributed to the increasing demand for modern workplaces, commercial buildings, and shopping malls.

Residential Segment to Register Substantial Surge Owing to Urban Migration

On the basis of end-user, the market for construction materials is subdivided into commercial, residential, infrastructure, and industrial. The residential segment is anticipated to exhibit considerable expansion throughout the study period. The surge is due to population migration from rural to urban areas, owing to government initiatives for residential development.

Drivers and Restraints:

Favorable Government Initiatives to Propel Industry Expansion

One of the key factors impelling the construction materials market growth is the rapid expansion of remote areas and increased urbanization. This is attributed to the fact that governments of various countries are looking at smarter ways for increasing efficiencies, improving the quality of life, and the management of traffic complexities.

However, the market growth could be hindered due to growing concerns for unfavorable construction circumstances.

Regional Insights:

Asia Pacific to Lead Driven by Increasing Infrastructural Activities

The Asia Pacific construction materials market share is estimated to exhibit substantial growth throughout the projected period. This is due to increase in infrastructural activities in the region.

The North America market is expected to register considerable expansion over the estimated period. This is on account of the escalating dependence of the U.S. construction sector on supplies of aluminum, copper, and fixtures from other nations.

Competitive Landscape:

Industry Players Enter into Partnership Agreements to Strengthen Industry Foothold

Key companies ink collaborative deals and agreements for the consolidation of industry position. These market players are formulating and implementing a range of strategic initiatives for strengthening their foothold. Some of these initiatives include mergers, acquisitions, and the rollout of new products.

Key Industry Development:



  • January 2023-   Holcim acquired Chrono Chape, a leading French provider of on-site self-leveling screeds, strengthening its ready-mix concrete presence.
  • June 2022-   CRH plc agreed to acquire Barrette Outdoor Living, North America’s top residential fencing and railing provider, for USD 1.9 billion to enhance shareholder value.

List of Key Players Mentioned in the Report:

  • China National Building Material Co., Ltd. (China)
  • CRH PLC (Ireland)
  • LafargeHolcim Ltd. (Switzerland)
  • BBMG Corporation Ltd. (China)
  • HeidelbergCement AG (Germany)
  • CEMEX S.A.B. de C.V. (Mexico)
  • Knauf Gips KG (Germany)
  • Lixil Group Corporation (Japan)
  • Anhui Conch Cement Co., Ltd. (China)
  • Boral Limited (Australia)



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The Global Metal Foam Market has recently been analyzed and explored by   Fortune Business Insights™   in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Metal Foam Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.


The report encompasses a broad range of data, including market trends, growth drivers, challenges, and opportunities in the Global Metal Foam Market. With a meticulous analysis of the industry landscape, the report presents an accurate picture of the market, providing in-depth information on the key market players, their strategies, and the competitive landscape.

The Metal Foam Market size is projected to grow from USD million in 2024 to USD billion in 2032; it is expected to grow at a CAGR of Percent from 2025   to 2032


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Segmentation:

Metal Foam Market Size, Share & Industry Analysis, By Material (Aluminium, Nickel, Copper, Other), By Application (Building & Construction, Automotive, Industrial, Aerospace & Defence, Other).

Metal foam is a gas-filled solid metal designed to enhance the performance characteristics of metals. A significant portion of its volume consists of gas or void spaces, and the foam can be produced with either an open-cell or closed-cell structure, depending on the application and manufacturing method. While retaining the properties of the base metal, it is lightweight and versatile. Although metal foams have a wide range of potential applications, most are still in the early development stage, with only a limited number of commercial uses currently available.

Competitive landscape:

The Metal Foam Market is highly integrated, with a few major players dominating the market. Major companies are also researching low-cost production methods to produce innovative products by investing heavily in research and developmental activities. To stay ahead in the competition, the Metal Foam Market leaders are using competitive advancements such as joint ventures, strategic association, collaboration and acquisitions, new product development, and research.

The research covers the market share acquired by each product in the market along with the production growth rate as well as a brief synopsis of the application spectrum along with the market share garnered by each application, and the particulars of the estimated growth rate and product consumption accounted for by each application.

What are the New Additions in Metal Foam Market Report?

Comprehensive Market Analysis : The 2024 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

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According to fortune business insights, the global solvents market size was valued at USD 36.88 billion in 2023. The market is projected to grow from USD 38.60 billion in 2024 to USD 61.95 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.

A solvent is a substance that dissolves a solute to form a solution, available in liquid, solid, or gaseous forms. Common types include alcohols, glycols, ethers, acetone, esters, toluene, and hydrocarbons. Increasing demand for bio-based products due to strict environmental rules and the rapid growth of the paints & coatings industry are driving market growth.

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Segmentation Analysis:

By Product Type
In 2023, the alcohols segment dominated the solvents market, driven by strong demand for ethanol, methanol, n-butanol, and isopropanol. Ethanol is extensively used in perfumes, flavor essences, and pharmaceuticals, while methanol finds major applications in inks and adhesives. This wide usage is expected to propel the segment’s growth.

By Application
The market is categorized into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Paints & coatings led the market in 2023 and are anticipated to grow at the fastest pace, supported by booming construction activities and innovations in eco-friendly paint solutions.

List of the Key Players in the Solvents Market:

  • Shell plc (U.K.)
  • Eastman Chemical Company (U.S.)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • Ashland (U.S.)
  • BASF (Germany)
  • Exxon Mobil Corporation (U.S.)
  • Celanese Corporation (U.S.)
  • Honeywell International Inc. (U.S.)
  • INEOS (U.K)
  • Gandhar Oil Refinery (India) Limited (India)
  • Vijay Chemsol (India)
  • Moksha Chemicals (India)

Competitors Landscape:

The realm of Solvents Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Key Industry Developments:



  • Oct 2024:   LyondellBasell acquired full ownership of APK AG, aiming to scale its solvent-based LDPE recycling technology and produce high-purity materials for flexible packaging.


  • Aug 2024:   Eastman launched EastaPure electronic-grade isopropyl alcohol (IPA), providing U.S. semiconductor makers with a high-quality, reliable domestic solvent supply.

What are the New Additions in Solvents Market Report?

Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

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About Us:

Fortune Business Insights™   delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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The Global Aerospace Foam Market has recently been analyzed and explored by  Fortune Business Insights™  in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the aerospace foam market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The aerospace foam market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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Forecast Growth Projected:








The global aerospace foam market was valued at USD 6.81 billion in 2024 and is expected to increase from USD 7.21 billion in 2025 to USD 11.06 billion by 2032, registering a CAGR of 6.3% during 2025–2032.





Aerospace foams are lightweight materials used in aircraft and spacecraft for diverse applications such as thermal insulation, sound absorption, and structural reinforcement. They offer an optimal combination of strength, low weight, and insulation, making them indispensable in environments where minimizing weight and maximizing performance are critical.












List of the Key Players in the Solvents Market:

  • BASF SE (Germany)
  • Evonik Industries AG (Germany)
  • Solvay (Belgium)
  • Boyd Corporation (U.S.)
  • UFP Technologies (U.S.)
  • Dupont (U.S.)
  • SABIC (Saudi Arabia)
  • Armacell (Luxembourg)
  • ERG Aerospace Corp. (U.S.)
  • FoamPartner (Switzerland)

Competitors Landscape:

The realm of Solvents Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Segmentation Analysis:

By Type:



  • Polyurethane (PU) Foam   – Dominated the market in 2024, widely used in seating, insulation, and interiors due to its versatility and durability.


  • Polyethylene (PE) Foam   – Expected to grow rapidly, valued for its lightweight, shock absorption, and fire-retardant grades like ETHAFOAM™ 4101 FR.

By Application:



  • Commercial Aviation   – Largest segment, driven by rising air travel, fleet upgrades, and new aircraft demand. Foams improve fuel efficiency, safety, and comfort in seating, panels, insulation, and vibration damping.

What are the New Additions in Solvents Market Report?

Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

Get Your Customization Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/102135

About Us:

Fortune Business Insights™  delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

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The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

As per the report, the global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2025-2032.

Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

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Drivers & Restraints-

Increasing Number of Commercial & Residential Projects to Augment Growth

Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

List of the Companies Profiled in the Global Plastic Compounding Market are:

  • LANXESS A.G.
  • BASF SE
  • PolyVisions
  • Asahi Kasei Corporation
  • Aurora Plastics LLC
  • SABIC
  • LyondellBasell
  • Kingfa SCI. & TECH. CO., LTD.
  • DuPont
  • Celanese Corporation
  • RTP Company
  • Solvay S.A.
  • KURARAY CO., LTD.
  • Kraton Corporation
  • Covestro AG
  • Kraton Corporation
  • MRC Polymers
  • Adell Plastics
  • Other Key Players

Regional Analysis-

Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand. 

Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.

This Report Answers the Following Questions:

  • What are the plastic compounding market trends?
  • How many growth drivers and barriers will the market possess?
  • Which organizations are set to remain on top in the market?
  • What are the strategies adopted by industry giants to strengthen their position?
  • Which segment is set to dominate the market during the forthcoming years?

Competitive Landscape-

Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.

Below are a couple of the latest key industry developments:

  • September 2019 : Lanxess Aktiengesellschaft, a specialty chemical company, based in Germany, inaugurated its new plastic plant in China. The facility will produce Pocan- and Durethan-branded high-quality plastics, mainly for the electrical and electronic industry, as well as the automotive sector.
  • February 2018 : LyondellBasell Industries N.V., a multinational chemical company headquartered in the Netherlands, acquired A. Schulman, Inc., an American supplier of plastic compounding products based in the U.S. The total deal was worth USD 2.25 billion. It would help the former in broadening its geographic presence.

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The global physical vapor deposition market size was USD 27.10 billion in 2023 and is projected to grow from USD 29.41 billion in 2024 to USD 57.04 billion in 2032 at a CAGR of 8.6% during the forecast period 2024-2032. This information is published by Fortune Business Insights in its report, titled   Physical Vapor Deposition Market, 2025-2032.”  Physical vapor deposition (PVD) is a vacuum-based coating technique that enhances the surface properties of organic and inorganic substrates through processes like evaporation, transport, reaction, and deposition at the atomic level. It is eco-friendly and widely applied in electronics, automotive, medical, and other industries. Market growth is fueled by diverse applications and expansion activities of key players. For example, in April 2024, Oerlikon Balzers opened its first customer center in Vietnam, strengthening its presence in Asia’s growing market.

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List of the Companies Profiled in the Market:

  • Advanced Energy Industries, Inc. (USA)
  • Intevac (USA)
  • Oerlikon Balzers (Switzerland)
  • Impact Coatings AB (Sweden)
  • AJA International, Inc. (USA)
  • Dynavac (USA)
  • Denton Vacuum (USA)
  • Angstrom Engineering, Inc. (Canada)
  • CHA Industries, Inc. (USA)
  • IHI HAUZER Techno Coating B V (The Netherlands)
  • The Kurt J Lesker Company (USA)
  • Other Key Players

Market Segmentation

On the basis of category, the market is divided into PVD equipment, PVD material, and PVD services.

  • Based on category, the PVD equipment segment held a global physical vapor deposition market share of about 59.5% in 2020 and is expected to showcase exponential growth during the forecast period. This is due to the increasing PVD adoption in several industrial applications such as medical, solar products, and data storage worldwide.

On the basis of application, the market is segmented into data storage, microelectronics, solar products, cutting tools, medical equipment, and others. Finally, based on region, the market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. 

What does the Report Provide?

The market report provides an in-depth analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PESTEL and PORTER’s Five Point Analysis to obtain information about the current trends and industry developments that will drive the physical vapor deposition market growth in the forthcoming years.

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DRIVING FACTORS

Increasing Demand for Eco-friendly Coating Processes to Promote Growth

According to Eurostat, the industrial sector accounts for more than half of the total emissions in Europe. The rising concern over greenhouse emissions has propelled the demand for environmentally safe products. For instance, the physical vapor deposition process adopts eco-friendly products such as titanium nitride (TiN) and chromium nitride (CrN). These materials are coated on corrosion-resistant electroplating and further enhance the finish of the surface. In addition, they offer superior performance without the risk of environmental hazards. Therefore, owing to this, the high demand for eco-friendly coating processes across several industrial applications is expected to favor the growth of the market during the forecast period.

REGIONAL INSIGHTS

Asia-Pacific –   The region stood at USD 10.25 billion in 2020 and is expected to hold the highest position in the market during the forecast period. This is owing to the increasing consumption of medical equipment and solar products in countries such as China. Besides, the presence of eminent physical vapor deposition solution providers will favor regional growth during the forecast period.

North America –   The region is expected to experience significant growth owing to the well-established supply chain network and distributorship in the region. Moreover, the increasing adoption of the physical vapor deposition process in the manufacturing of solar panels and cutting tools will boost the growth of the market between 2021 and 2028.

COMPETITIVE LANDSCAPE

Major Companies Focus on Investment in R&D Activities to Brighten Their Market Prospects

The market comprises small, medium, and large companies that are striving to maintain a stronghold. The companies are investing in R&D activities to develop advanced physical vapor deposition solutions to cater to the growing demand from several industrial applications. Moreover, other key players are adopting organic and inorganic growth strategies that are likely to bode well for market growth.

Industry Development:

  • April 2022:  Impact Coatings established a subsidiary in Shanghai, China, to increase the availability of coating solutions and services in the country.
  • February 2021 : Dynavac announced a significant increase in capital investment, facility size, and workforce. The company focuses on competitive advantage based on growth in both the thin film and space simulation markets. These investments will allow them to keep up with the needs of their customers.

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The global flavors and fragrances market size was valued at USD 27.50 billion in 2023 and is projected to grow from USD 28.72 billion in 2024 to USD 42.27 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period.   Fortune Business Insights™   publishes this information in a report titled,   " Flavors and Fragrances Market, 2025-2032" .

Flavors and fragrances are derived from lactones, acids, esters, ketones, alcohols, aldehydes, and essential oils like vanilla, citrus, castor, and musk. They can be natural (plant/animal-based) or synthetic (artificial esters blended with alcohol, glycerol, or propylene glycol). Flavors enhance taste in food and beverages such as bakery, snacks, dairy, sauces, and confectionery, while fragrances mask odors and are widely used in body care, oral care, and home care products.

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List of Key Players Profiled in   the   Flavors and Fragrances Market   Report :

  • Givaudan (Switzerland)
  • International Flavors and Fragrances (IFF) (U.S.)
  • Symrise AG (Germany)
  • Robertet Group (France)
  • Kerry Group plc (Ireland)
  • Sensient Technologies (U.S.)
  • Firmenich SA (Switzerland)
  • Takasago International Corp (Japan)
  • Hasegawa Co., Ltd. (Japan)
  • Mane (France)
  • Archer Daniel Midland Company (U.S.)
  • Solvay S.A. (Belgium)
  • BASF (Germany)

Segments:

Flavors Segment to Lead the Market Due to its Unique Properties

By type, the market is bifurcated into flavors and fragrances. The flavors segment is further categorized into natural and synthetic. The fragrances segment is also divided into natural and synthetic.

Food & Beverage Sub-Segment to Dominate the Market

Based on type (cross application), the market is segregated into flavors used in the food & beverage sector for beverages, bakery, confectionery, dairy, and others. These flavors are also used in pharmaceuticals and other sectors. The fragrance segment is further classified into fine fragrances, cosmetics & personal care, home & floor care, and others.

Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report sheds light on the current market state and recent developments in the market. The impact of COVID-19 pandemic on the market growth is highlighted in this report. Furthermore, the report sheds light on drivers and restraints affecting the market development and expansion during the forecast period. Also, a list of key market players is given, along with the regional insights on segmented market areas.

Drivers & Restraints:

Rising Development in Pharmaceuticals & Cosmetics Sector to Propel Growth

The market is expected to witness significant growth during the forecast period due to the developing regional and novel flavors and fragrances. Also, consumers' changing food preferences and tastes and the adoption of ready-to-eat food are anticipated to fuel the regional market growth. Furthermore, growth in the cosmetics and pharmaceuticals sectors is expected to drive market growth.

However, constantly changing prices in various products hamper market growth.

Regional Insights:

Europe Holds Dominant Market Share Due to Rising Demand from Food & Beverage Sector

Europe dominates the global flavors and fragrances market share due to the rising product demand from food & beverage manufacturers. The regional market stood at USD 8.16 billion in 2021.

Asia Pacific holds the second-largest global market share owing to the increasing demand for flavors and fragrances from various end-use industries.

Competitive Landscape:

New Product Launch Allows Key Market Players to Enhance their Product Portfolio

The key market players acquire various companies operating in the industry to improve their business performance. Also, rising investments in the adoption of technological advancements and R&D activities allow the leading market players to introduce new product ranges to the global market and increase business profitability.

Key Industry Development:

  • March 2022:   Symrise submitted a binding offer to acquire R. Romani - Société Française d’Aromatiques (SFA Romani) and Neroli Invest DL (Groupe Neroli). Both companies are based in the Grasse area in France. With these transactions, Symrise intends to reinforce its fine fragrance presence in southern France, strengthen its competitiveness in creating fragrance compositions, and broaden its presence in key countries in Europe, Africa, and the Middle East.

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The global plastics market size was valued at USD 524.48 billion in 2024. The market is projected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.

According to the study, synthetic material has gained considerable traction due to easy manufacturing, lightweight, low cost, and versatility. Amidst depleting sources of polymers, recyclable products could gain considerable traction globally. Notably, healthcare & pharmaceutical, automotive, and packaging sectors will exhibit stellar demand for sustainable packaging solutions.

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Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.

Segments

Polyvinyl Chloride (PVC) to Gain Traction with Rising Demand for Resistance to Chemicals

In terms of type, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyurethane, polystyrene, and others. The polyvinyl chloride segment will account for a considerable share of the global market due to electric insulation and the demand for resistance to chemicals.

Packaging to Remain Dominant Due to Robust Demand from Food & Beverage Sector

With respect to end-use industry, the market is segregated into packaging, automotive & transportation, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceutical, electrical & electronics, textile, and others. The packaging segment will exhibit notable growth during the assessment period, largely due to rising demand from the food & beverage sector.

Drivers and Restraints

Expanding Footprint of Engineering Plastics to Propel Growth Potentials

The plastics market share will witness notable traction during the forecast period, largely due to better mechanical and thermal properties. Surging demand for better polymer solutions will encourage leading companies to expedite investments. Prominently, surging demand for metal substitution could play a pivotal role in boosting the material demand. Furthermore, the food industry is poised to be the major recipient of plastics that avoid contamination and minimize food quality degradation. Increased usage of the polymer in fashion, sports, and toy-making will bode well for the industry growth.

However, rigorous regulations implementing plastic reduction policies could impede the industry growth.

Regional Insights

Asia Pacific to Remain Stronghold with Soaring Demand for Consumer Goods

Stakeholders anticipate the Asia Pacific market forecast to be strong due to increased availability of raw materials. Robust growth in the construction and packaging sectors could foster growth across China, India, and Australia. Expanding footprint of sports goods, textiles, and toys will encourage leading companies to invest in the region.

Bullish demand from healthcare & pharmaceuticals and packaging industries in the U.S. will underpin the North America plastics market growth. Moreover, the automotive and transportation sectors could exhibit strong demand for synthetic materials. Amidst damages to the environment by polymers, recyclable plastics could be the trend reshaping the regional market.

The Middle East & Africa could emerge as favorable investment hubs for plastic manufacturers and suppliers. The robust outlook is primarily attributed to robust demand from the packaging and textile industries. The trend for lightweight packaging and the expanding application of polymers will muster the confidence of leading companies gearing to bolster their portfolios.

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Competitive Landscape

Major Players Prioritize Collaboration to Tap into Markets

Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.

Key Industry Development

  • January 2022 : Borealis joined hands with Reclay Group to keep up with the demand for recyclate material for use in high-end plastic applications.

Major Players Profiled in the Plastics Market Report:

  • LyondellBasell Industries N.V. (Netherlands)
  • ExxonMobil Chemical (U.S.)
  • China National Petroleum Corporation (China)
  • INEOS (U.K.)
  • China Petroleum & Chemical Corporation (China)
  • SABIC (Saudi Arabia)
  • Ducor Petrochemicals (Netherlands)
  • Reliance Industries Limited (India)
  • Formosa Plastic Group (Taiwan)
  • Total S.A. (France)
  • Braskem (Brazil)
  • BASF SE (Germany)
  • Repsol (Spain)
  • Borouge (UAE)
  • Borealis AG (Austria)
  • MOL Group (Hungary)
  • Beaulieu International Group (Belgium)

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Fortune Business Insights™  delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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