Category: Chemical and Materials
The global ammonium sulfate market size was valued at USD 8.20 billion in 2023 and is projected to grow from USD 8.58 billion in 2024 to USD 13.00 billion by 2032 at a CAGR of 5.3% during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled, “Ammonium Sulfate Market Size, Share & Industry Analysis, By Form (Solid, Liquid), By Application (Fertilizer, cattle feed supplement, Others (pharmaceuticals, food processing, textile, etc.)) Others and Regional Forecast, 2024-2032.”
What does the Report Include?
The market report includes qualitative and quantitative 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, which are 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 announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Market Share and Segments
The ammonium sulfate market is segmented based on product type , application , and geography .
-
By Product Type
- Solid Ammonium Sulfate : This segment dominates the market, as it is the most common form used in fertilizers. Solid ammonium sulfate accounts for over 70% of the total market share due to its easy handling and storage.
- Liquid Ammonium Sulfate : Although less prevalent, liquid ammonium sulfate is used in certain agricultural and industrial applications, accounting for about 30% of the market.
-
By Application
- Agriculture : The agriculture sector holds the largest share in the ammonium sulfate market, contributing to over 60% of total demand. It is primarily used as a nitrogen-based fertilizer to improve crop yields.
- Industrial Applications : Ammonium sulfate is used in various industrial processes, such as water treatment and in the production of flame retardants. This segment represents around 20-25% of the market.
- Food Additives : Ammonium sulfate is also used as a food additive, particularly as a dough conditioner and acidity regulator in baked goods. The food additive application accounts for around 10-15% of market demand.
- Pharmaceuticals : A smaller, yet growing segment, ammonium sulfate is used in the pharmaceutical industry for protein purification and crystallization processes, accounting for a minor share of the market.
DRIVING FACTORS
Increasing Mining Activities to Favor Growth
The growing mining activities to extract rare earth minerals is likely to drive the demand for advanced ammonium sulfate for the leaching process. According to the report by Minerals Make Life Organization, it is estimated that the U.S. mines produced raw materials worth USD 82.2 billion in 2018. In addition to this, the growing food and beverage sector propels the demand for the product as an emulsifier and thickening agent. These factors are expected to contribute to the global aluminum sulfate market growth in the forthcoming years.
REGIONAL INSIGHTS
Supportive Environmental Regulations in Asia-Pacific to Aid Growth
Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global ammonium sulfate market during the forecast period. This is attributable to the supportive government initiatives regarding desulfurization plants that propel the production of advanced ammonium sulfate in the region.
The market in the Middle East and Africa is expected to showcase substantial growth backed by increasing focus on agricultural activities between 2019 and 2026.
COMPETITIVE LANDSCAPE
Product Launches by Major Companies to Consolidate Their Market Positions
The global market for ammonium sulfate comprises small, medium, and large companies striving to maintain their presence by focusing on introducing advanced ammonium sulfate products. Moreover, other key players are adopting organic and inorganic strategies to gain a major chunk of the market share and maintain their stronghold in the forthcoming years.
Get More Information: https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306
Industry Development:
- August 2019 – PhosAgro Group of Companies announced the expansion of its capacity at Cherepovets, Russia to manufacture 300 kilotons of ammonium sulfate annually. The expansion is expected to strengthen its position in the global marketplace.
List of the Companies Operating in the Global Market for Ammonium Sulfate:
- BASF SE
- Evonik Industries
- LANXESS AG
- Sumitomo Chemical Co., Ltd.
- Domo Chemicals
- Braskem S.A.
- China Petrochemical Development Corporation
- UBE INDUSTRIES, LTD.
- Viachem
- The Mosaic Company
- Others
The global paraffin wax emulsion market size was valued at USD 527.6 million in 2021. The market is projected to grow from USD 550.7 million in 2022 to USD 860.3 million by 2030, exhibiting a CAGR of 5.7% during the forecast period.
This information is provided by Fortune Business Insights , in its report, titled, “ Paraffin Wax Emulsion Market, 2024-2032 .”
Segments:
By Application :
- Coatings: Used in surface protection, paints, and coatings, providing water repellency and gloss enhancement.
- Adhesives & Sealants: Improves tack and bonding in adhesive formulations.
- Paper & Packaging: Provides moisture resistance and enhances durability in paper products and packaging materials.
- Textiles: Enhances fabric softness and adds water repellency.
- Polishes & Cleaners: Used in floor, furniture, and car polishes for shine and protection.
- Cosmetics & Personal Care: In skincare products like lotions, creams, and other formulations for moisturization.
- Other: Includes applications in construction materials, agriculture, and industrial processing.
By End-Use Industry :
- Paints & Coatings Industry: Major end-user, with significant use of paraffin wax emulsions in industrial and decorative coatings.
- Paper & Packaging Industry: For waterproofing and improving the aesthetic appeal of paper products and packaging materials.
- Textile Industry: As a textile finishing agent, paraffin wax emulsion adds softness and water resistance to fabrics.
- Adhesives & Sealants Industry: Used in industrial and commercial adhesives.
- Cosmetics & Personal Care Industry: Growing demand for paraffin wax emulsions in skincare products.
- Food Industry: Used in certain food coatings and packaging applications to ensure food preservation.
Report Coverage:
The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.
Drivers and Restraints:
Growing Demand for Paraffin Wax from Paints & Coatings and Wood Working to Amplify Growth
Paraffin wax emulsion is substantially consumed in paints & coatings and woodworking applications. The growing demand for paints & coatings from various industries, comprising automotive, building, industrial manufacturing, and electrical & electronics is accountable for product implementation. Additionally, the growth is also credited to the capability of wax paraffin emulsion to guard substances or materials from rusting and wear & tear.
List of Key Players Mentioned in the Report:
- PMC Crystal (U.S.)
- Sasol (South Africa)
- Altana AG (Germany)
- Lubrizol Corporation (U.S.)
- Nippon Seiro Co., Ltd (Japan)
- Michelman, Inc. (U.S.)
- TIANSHI WAX (China)
- BASF SE (Germany)
- Repsol (Spain)
Regional Insights:
Asia Pacific to Lead Backed by Increasing Urbanization Activities
Asia Pacific held the largest paraffin wax emulsion market share and was valued at USD 188.8 million in 2021. The abrupt population growth and rising urbanization activities are backing for the advancement of numerous industries, such as leather manufacturing, agriculture, paints & coatings, and construction, which are bolstering the product utilization in Asia Pacific.
The manufacturing industries in Europe involving automobiles, chemicals, electrical engineering and electronics, machinery & equipment building, and food processing activities are flourishing, thereby enhancing infrastructures and augmenting product demand.
North America held a notable share of the paraffin wax emulsion market. Paper production and agriculture are the dominating sectors that carried out an indispensable part in the market’s growth and enhancement.
Get More Information: https://www.fortunebusinessinsights.com/paraffin-wax-emulsion-market-106795
Competitive Landscape:
Key Players Sign Significant Contracts to Make Remarkable Changes in the Market
The players operating in the market often employ numerous tactics that will aid the paraffin wax emulsion market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their company.
Key Industry Development:
May 2021: Michelman declared a novel contract with Omya, a manufacturer of calcium carbonate and a universal supplier of specialty chemicals for its portfolio. The bond mentions that Omya will be the sole provider for Michelman’s wax emulsion and surface modifiers product series to Canada’s paints and coating markets.
Future Outlook for the Insulation Market: Size, Share & Growth Projections (2024-2032)
By Pallavi G, 2024-12-11
The global insulation market size was valued at USD 55.16 billion in 2018 and is projected to reach USD 79.06 billion by 2026, exhibiting a CAGR of 4.6% during the forecast period. North America dominated the insulation market with a market share of 23.21% in 2018. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
What does the Report Include?
The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Market Drivers
- Energy Efficiency Regulations : Increasingly stringent building codes and energy efficiency standards in developed regions are driving demand for better insulation materials.
- Urbanization and Infrastructure Development : Rapid urbanization in emerging markets, especially in Asia-Pacific, is creating huge demand for new residential and commercial buildings, boosting insulation needs.
- Sustainability Trends : Growing awareness of environmental concerns and the push toward reducing carbon footprints have led to a rise in demand for eco-friendly insulation materials like cellulose and aerogels.
Market Share by Segments:
1. By Product Type
- Fiberglass Insulation : Fiberglass holds a significant market share due to its cost-effectiveness, ease of installation, and thermal performance. It is widely used in both residential and commercial buildings.
- Mineral Wool (Rock & Slag Wool) : Known for its fire resistance and soundproofing properties, mineral wool is growing in demand, especially in the industrial sector. It holds a notable portion of the insulation market.
- Plastic Foams (Expanded & Extruded Polystyrene, Polyurethane) : These are widely used in industrial applications and roofing due to their superior thermal resistance and moisture control.
- Others : Includes materials like aerogels, cellulose, and cotton. While still niche, they are gaining traction due to the rise in eco-friendly building materials.
2. By Application
- Building & Construction : This segment dominates the insulation market, accounting for more than 50% of the total market share. The increasing need for energy-efficient residential, commercial, and industrial buildings is the main driver here. Government policies promoting sustainable construction also play a vital role.
- Industrial : Industries such as oil & gas, automotive, and power generation have significant insulation requirements for machinery, piping, and equipment. The industrial segment accounts for a substantial portion of the market and is expected to grow steadily.
- HVAC & Refrigeration : Insulation for HVAC systems and refrigeration units is becoming increasingly important to reduce energy consumption. This segment is gaining prominence, especially in commercial buildings and industrial plants.
REGIONAL INSIGHTS
Increasing Adoption of Sustainable Infrastructures in Asia-Pacific to Aid Growth
Among all regions, the market in Asia Pacific is expected to remain at the forefront and hold the largest global insulation market share during the forecast period. This is ascribable to increasing government support for adopting sustainable infrastructures that involves developing energy-saving solutions such as efficient insulation and solar harnessing devices in the region. Several manufacturers adopting one or more insulating materials in development of commercial and residential spaces in countries such as India and China will contribute for the market growth in the region.
Europe, on the other hand, is anticipated to witness significant growth in the market during the projected horizon. This is attributable to increasing focus on developing zero-emission green buildings owing to stringent government policies between 2019 and 2026.
Get More Information: https://www.fortunebusinessinsights.com/insulation-market-102423
COMPETITIVE LANDSCAPE
DuPont Collaborating with Shandong Sunris to Have Significant Global Impact
In May 2020, DuPont announced that it has selected Shandong-based, Shandong Sunris New Materials Co., Ltd as its technology license partner for its sustainable and innovative technology, BLUEDGE Polymeric Flame-Retardant. According to the company, the BLUEDGE technology provides a sustainable flame retardant that aids in conservation of environment, while providing optimum level of insulation and fire safety benefits. Adoption of strategies such as merger and acquisition, collaboration, and partnership by the companies is likely to bode well for the growth of the global insulation market during the forecast period.
List of the Companies Operating in the Market:
- Atlas Roofing Company
- Cellofoam North America Inc.
- DuPont
- Knauf Insulation
- Owens Corning
- Armacell S.A.
- Beijing New Building Material (Group) Co., Ltd.
- Evonik
- PT. Bondor Indonesia
- BYUCKSAN
- Huamei Energy-saving Technology Group Co., Ltd.
- Johns Manville
- Kaneka Corporation
- KCC Corporation
- Kingspan Insulation LLC
- Lloyd
- Luyang Energy-saving Materials Co., Ltd.
The global atmospheric water generator market size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027, exhibiting a CAGR of 18.1% during the forecast period.
Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “ Atmospheric Water Generator Market , 2024-2032 .”
According to the analysis, soaring demand for potable water will propel the demand for atmospheric water generators (AWG) across emerging and advanced economies. AWG has come up as a budget-friendly alternative to bottled water. The adoption of advanced electronic devices and the internet of things (IoT) will act as a significant growth enabler over the next few years.
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. The research report also delves into pre-and post-COVID analysis to provide a holistic market view.
Market Segmentation
The AWG market is segmented based on technology type, application, and region .
By Technology Type :
- Cooling Condensation : This is the most widely used technology in AWGs. It works by cooling the air to condense the water vapor, collecting it as liquid water. Due to its efficiency and cost-effectiveness, cooling condensation dominates the market share.
- Desiccant-Based : This technology uses desiccants (materials that absorb moisture) to extract water from the air. Desiccant-based AWGs are gaining traction in extremely dry regions where cooling condensation might not be as effective. Although less common, desiccant technology is projected to grow at a higher rate due to its potential in arid environments.
By Application :
- Residential : The residential sector is a significant market for AWGs, especially in areas where access to clean water is limited. The demand for small, affordable units for homes and communities is expected to increase as awareness about water scarcity grows.
- Commercial : AWGs are increasingly being used in offices, hotels, and public facilities. The commercial segment represents a considerable market share due to the need for sustainable water sources in high-consumption areas.
- Industrial : Industries that require large quantities of water, such as food and beverage, agriculture, and manufacturing, are adopting AWG technology to reduce dependence on traditional water sources. The industrial application segment is one of the fastest-growing sectors due to rising regulatory pressures and sustainability initiatives.
- Military and Government : Governmental bodies, especially in water-scarce regions, are investing in AWGs for emergency and disaster relief, as well as for military purposes. This segment is expected to see steady growth due to the critical need for potable water in such applications.
Drivers and Restraints
Escalating Scarcity of Water to Boost Industry Growth
Burgeoning industrialization and soaring population have propelled atmospheric water generator market share. With the high water consumption, leading organizations could expand their penetration globally. The United Nations World Water Development Report 2019 asserted that water consumption could surge by 20 to 30% compared to current water use. Lately, air to water technology has gained prominence as a source of clean water. The World Health Organization claims that more than half of the world population will reside in water-stressed areas by 2050. Amidst the rising scarcity of water and growing water demand, industry players will continue to invest in the portfolio. However, the relentless need for electricity and high production costs could dent the industry growth.
Regional Insights
Asia Pacific to Gain Ground from Increasing Need for Producing Water
Asia Pacific market forecast will be strong on the back of the growing need for AWG to produce water. Emerging economies could be the primary recipients of atmospheric water generators amidst surging water scarcity. Asia Pacific could exhibit a 21.1% CAGR from 2020 to 2027 due to bullish demand from China and Southeast Asian countries.
The Middle East & Africa atmospheric water generator market growth will witness a notable gain due to the prevalence of hot weather conditions. The region has been majorly dependent on desalination plants and water bottles. Industry players have upped investments in the air to water systems to provide a budget-friendly approach to producing potable water. Moreover, GCC could be a major contributor to the global market share.
Competitive Landscape
Stakeholders Invest in Strategic Approaches to Tap into Markets
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements and R&D activities. Besides, significant companies could invest in innovations and product offerings in the ensuing period.
Get More Information: https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321
Notable Industry Developments
- December 2019 – GENAQ Technologies announced bringing its water from air generators to the Big Five.
- February 2019 – Bharat Electronics Limited (BEL) rolled out its new atmospheric water generator with both static and mobile versions.
Major Players Profiled in the Market Report:
- Water-Gen Ltd. (U.S)
- Drinkable Air Technologies (U.S.)
- Island Sky Corporation (U.S.)
- Eurosport Active World Corporation (U.S.)
- Eshara Water (UAE)
- GENAQ Technologies S.L. (Spain)
- WaterMaker India Pvt. Ltd. (India)
- Atmospheric Water Generator, LLC (U.S.)
- Clean Wave Products (U.S.)
The acoustic insulation market size is anticipated to observe impressive growth during the forecast period.
Acoustic insulation has a vital role in different industrial applications, including power generation, oil & gas, and HVAC systems. The criticality of the product in industrial settings for the productivity and safety of workers is expediting market growth. Moreover, adequate acoustic insulation aids industrial facilities adhere to regulations while creating a safer working environment.
Fortune Business Insights presents this information in their report titled " Acoustic Insulation Market , 2024–2032."
Segmentation:
In terms of material type, the market is classified into glass wool, polymeric foam, mineral wool, and others.
By application, the market is divided into industrial, transportation, building & construction, and others.
From the regional standpoint, the market is categorized into Asia Pacific, the Middle East & Africa, Europe, Latin America, and North America.
Report Coverage
The report comprehensively discusses the major driving factors affecting the market growth. In addition, it provides a detailed analysis of the top trends, dominating segments, current technological advancements, and the impact of the COVID-19 pandemic on the market growth. Besides this, it provides vital insights into Porter’s five forces analysis and the strategic moves adopted by leading companies to stand out from the competition. The report also gives insights on sustainability and restraining factors expected to hinder the market growth during the forecast period.
Drivers:
Increasing Product Deployment in the Building & Construction Sector to Fuel Market Growth
One of the major factors augmenting the acoustic insulation market growth is the growing product deployment in the building & construction sector. Acoustic insulation materials are massively being deployed in commercial and residential buildings due to the increasing demand for noise reduction and enhanced indoor acoustics. It has been estimated by the Environmental Protection Agency that an average of 15% can be saved by homeowners on cooling and heating with the help of air sealing in homes and including insulation in accessible basement rim joists, floors over crawl spaces, and attics.
Regional Insights:
Asia Pacific Holds a Leading Position Driven by Quick Urbanization
Asia Pacific occupies the largest acoustic insulation market share on account of quick urbanization, increasing focus on noise reduction and energy efficiency, and development in infrastructure. The heightened demand for acoustic insulation solutions in industrial, commercial, and residential applications in the region can be ascribed to industrialization, flourishing construction, and rising disposable incomes. Moreover, China is the key exporter and producer of mineral wool, which is a major material deployed in acoustic insulation. The significant share of the country in the market is due to its large-scale production capabilities and enormous supply of raw materials.
Competitive Landscape:
Top Players Emphasize Acquisitions to Boost Their Position
The market players are leveraging a wide array of strategic initiatives to keep ahead of their competition. Some of these strategies include mergers, joint ventures, partnerships, and product innovations. A wide range of companies are also focusing on acquisition strategies to strengthen their position.
Key Industry Development:
February 2024: Saint-Gobain’s acquisition of International Cellulose Corporation helped it broaden its insulation portfolio by including cellulose fiber products. This allowed it to provide more high-performane and sustainable thermal and acoustic insulation solutions to cater to surging demand.
December 2023: ROCKWOOL Group move in the acquisition of Borner Insulation depicted its strategy to enhance its presence in Eastern and Central European region, which is a high-priority market. This deal is in line with the company’s expansion objectives and is poised to help it cater better to the rising demand for sustainable and energy-efficient insulation solutions.
Get More Information: https://www.fortunebusinessinsights.com/acoustic-insulation-market-109654
Major Players Profiled in the Report:
- ROCKWOOL International (Denmark)
- Knauf Insulation (U.S.)
- Saint-Gobain (France)
- Armacell International S.A. (Luxembourg)
- Fletcher Insulation (Australia)
- Johns Manville (U.S.)
- Kingspan Group plc (Ireland)
- Superglass Insulation Ltd. (U.K.)
Antimicrobial Additives Market Size, Opportunities, and Forecast Analysis 2024-2032
By Pallavi G, 2024-12-10
The antimicrobial additives market size is estimated to expand significantly during the assessment period.
Antimicrobial additives are used across different sectors to prevent algae, fungi, and bacteria growth, improving the longevity and safety of products. The growing utilization of the product in the construction sector is set to flourish the market expansion. In this sector, the product is deployed with building materials to develop more hygienic and safer environments. These products are utilized in flooring, HVAC systems, coatings, and paints for the prevention of the growth of mildew, mold, and bacteria. It helps in the significant reduction of infections. Antimicrobial additives also find applications in commercial buildings, schools, and hospitals, which encourage well-being and public health by the assurance of more durable and cleaner surfaces.
Fortune Business Insights presents this information in their report titled " Antimicrobial Additives Market , 2024–2032."
Segmentation:
In terms of type, the market is classified into inorganic and organic.
By application, the market is divided into paints & coatings, pulp & paper, plastics, and others.
With respect to end-use industry, the market is categorized into food & beverage, packaging, automotive, construction, healthcare, and others.
From the regional standpoint, the market is segregated into Asia Pacific, Latin America, the Middle East & Africa, North America, and Europe.
Report Coverage
The report highlights the strategic measures undertaken by prominent companies to reinforce their industry position. Besides this, it gives a detailed analysis of the major driving and restraining factors affecting the market growth. The antimicrobial additives market research report further provides a comprehensive coverage of the latest trends, dominating segments, key industry developments, and the impact of the COVID-19 pandemic on the market growth. This information will help stakeholders in the formulation of effective decisions for their businesses.
Drivers:
Surging Product Utilization in the Packaging Sector to Bolster Market Expansion
The antimicrobial additives market growth can be credited to increasing utilization of the product in the packaging sector. Moreover, antimicrobial packaging, which uses these additives, is increasingly being deployed in pharmaceuticals, food, and beverages for the inhibition of the growth of microbes, offering assurance of the integrity of the product. Thus, it helps boost the usability of perishable items while catering to consumer demands for sustainability and hygiene, impelling innovations in the technology of packaging and market growth.
Regional Insights:
Asia Pacific Occupies a Significant Share Driven by Rising Demand for Antimicrobial Products
Asia Pacific registers a significant antimicrobial additives market share, which can be credited to surging demand for antimicrobial products in food & beverage, packaging, and healthcare industries on account of growing health concerns and awareness of hygiene. This, coupled with regulations by the government, growing population, and fast-paced urbanization impel the expansion of the market in the region. Moreover, the technological developments along with growing manufacturing capabilities further expedite the market growth.
Competitive Landscape:
Top Companies Emphasize Partnerships to Boost Their Position
Different competitive measures, such as mergers, capacity expansions, and acquisitions, are being implemented by leading companies to sustain their industry leadership. A wide range of companies are also putting significant amounts into research and development for the launch of new and innovative capabilities of antimicrobial additives. Many players are also emphasizing partnerships to enhance their position.
Get More Information: https://www.fortunebusinessinsights.com/antimicrobial-additives-market-109655
Key Industry Development:
July 2023: BioCote Limited announced a deal with Eco Finish to use BioCote technology for developing antimicrobial surfaces in commercial and residential pools. These additives in the solution help in the prevention of algae, bacterial, other microbes, and viruses, thereby offering extra protection and safety for swimmers.
Major Players Profiled in the Report:
- BASF SE (Germany)
- RTP Company (U.S.)
- Milliken Chemical (U.S.)
- BioCote Limited (U.K.)
- Microban International (U.S.)
- Clariant AG (Switzerland)
- PolyOne Corporation (U.S.)
- Momentive Performance Materials Inc. (U.S.)
- Life Materials Technologies Limited (Hong Kong)
- SteriTouch Limited (U.K.)
Industry Report: Brominated Flame Retardants Market Size and Share Forecast 2024-2032
By Pallavi G, 2024-12-10
The global brominated flame retardants market size is expected to gain momentum owing to the rising demand in the electrical & electronics applications during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “ Brominated Flame Retardants Market , 2021-2028 .” They are organobromine compounds, which are also key elements in the halogen chemical group. They are added to a variety of commercial and consumer products to prevent them from burning when exposed to heat or a smoldering cigarette. For instance, according to IHS Consulting's 2020 market study, flame retardant usage has increased significantly in the last four years, particularly in electronics, and will continue to expand at a global annualized pace of 2.7 percent between 2019 and 2025.
Segments-
By application, the market is segmented into electrical & electronics, chemical, plastic, construction, transportation, and others. On the basis of geography, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The major countries have been plotted based on their individual revenue contributions to the regional market. The report explains the major drivers, constraints, market opportunities, and their comprehensive impact analysis. The market study provides detailed information on the industry participants' market share in brominated flame retardants.
List of Key Players Profiled in the Global Market for Brominated Flame Retardants :
- BSEF
- SpecialChem
- Kisuma Chemicals
- Applied Technical Services
- Chemtura Corporation
- ADEKA CORPORATION
- GAB Neumann GmbH
- GreenSpec
- RTP Company
- Albemarle Corporation
- ICL
- LANXESS
- Jiangsu Yoke Technology Co. Ltd.
Drivers & Restraints-
Increasing Application in Electronics and Plastic Industries to Stimulate Growth
The global brominated flame retardants market growth is expected to grow due to the increasing application in electronics and plastic industries during the projected period. Because of its capacity to reduce the combustibility of burnable substances, it has been adopted in the electrical and electronics industries. It's widely used in PCBs, electronic casting, and circuit processing. Moreover, in the plastics sector, they are primarily used to delay fire combustion in polymeric resins. Flame retardants are being more widely used in areas such as building and construction, aerospace, and automobiles.
REGIONAL INSIGHTS
Increasing Demand in Chemical Industry to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global brominated flame retardants market share during the forecast period. The rising demand for the product in the chemical industry in India and China are the leading countries in the region.
Europe is expected to have a sizable share of the market. This is due to rising demand in the construction industry which is expected to drive the market in the region.
Get More Information: https://www.fortunebusinessinsights.com/brominated-flame-retardants-market-105196
Competitive Landscape-
Increasing Number of Mergers to Create Lucrative Opportunities
The availability and cost of raw ingredients are critical in the production of brominated flame retardants. Manufacturers are also concentrating on creating long-term supply arrangements with distributors and suppliers to ensure that their products are available. Manufacturers have the option of selling their goods directly or through distribution channels.
Industry Development-
- June 2020: Tosoh Corporation plans to increase its bromine production capacity by 30% at its Nanyo Complex in Shunan City, Japan, used in flame retardants and other applications. The development is expected to be finished by January 2023, allowing businesses to grow its market and boost profits.
The global aramid fiber market size was valued at USD 4,522.6 million in 2019. The market could touch USD 7,243.3 million by 2027 and expand at a 6.5% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “ Aramid Fiber Market , 2020-2027 .”
According to the study, aramid fibers have become sought-after to boost abrasion resistance, and low flammability with no melting points. For instance, meta aramid has become sought-after on the back of attributes such as electrical insulation, flame resistance, radiation resistance and chemical stability.
Report Coverage
The report provides a holistic view of the market size, share, revenue and volume. It has deep-dived into SWOT analysis and focused on qualitative and quantitative assessments to provide a bird’s eye 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. The research report also delves into pre-and post-COVID analysis to provide a comprehensive market perspective.
Segmentations
Para-Aramid to Remain Dominant with Rising Demand from Aerospace & Defense Sector
With respect to the product type, the market is segregated into para, meta and others. The para segment could account for the largest share due to strong demand from the aerospace & defense sector. The need for bulletproof body armors will be pronounced over the next few years, auguring well for the segment growth.
Security & Protection Segment to Grow with Growing Need for Protective Barrier
In terms of application, the industry is classified into aerospace, frictional materials, security & protection, rubber & tire reinforcement, electrical insulation, optical fiber and others. The security & protection segment will witness notable growth due to an increasing need for protective barriers and additional protection.
Major Players Profiled in the Market Report:
- Yantai Tayho Advanced Materials Co., Ltd. (China)
- DuPont (U.S.)
- HUVIS CORPORATION (South Korea)
- Aramid Hpm, LLC. (U.S.)
- Teijin Limited (Japan)
- Hyosung Corporation (South Korea)
- X-FIPER New Material Co., Ltd. (China)
- Kolon Industries Inc. (South Korea)
Drivers and Restraints
Surging Demand from Military and Private Security to Bolster Industry Growth
Industry participants expect aramid fiber market growth to gain traction during the forecast period. The growth is mainly attributed to strong demand from municipal law enforcement, private security and military sectors. The fibers have become trendier to make fire-proof, stab-proof and cut-proof clothing, including helmets, footwear, gloves and coveralls. Moreover, stakeholders have also triggered investments in technological advancements to boost PPE clothing and minimize the additional weight for armies. However, the soaring cost of production could challenge major players striving to bolster their portfolios.
Regional Insights
Europe to Provide Lucrative Opportunities with Strong demand from Automotive Sector
Europe could account for a significant share of the global market against the backdrop of technological advancements in the automotive and electronics sectors. Expanding applications in aerospace, rubber & tire reinforcement across the U.K., France, Germany and Italy will augment the regional growth.
North America aramid fiber market share will be pronounced due to robust demand for mounting and warfare security. Besides, the U.S. and Canada have exhibited an increased footfall of ballistic protection armor, including armored cars, headgear, ballistic missiles and bulletproof vests. Prevailing trends indicate North America will continue to gain prominence in the ensuing period.
Stakeholders expect Asia Pacific market forecast to be strong on the back of implementation of robust policies. For instance, China, India, Japan and Australia could witness major traction for aramid fiber products for security & protection and electrical insulation, among others.
Get More Information: https://www.fortunebusinessinsights.com/aramid-fiber-market-102183
Competitive Landscape
Stakeholders Emphasize Organic and Inorganic Strategies to Boost Footfall
Leading players could inject funds into product launches, technological advancements, mergers & acquisitions to tap into global markets. Additionally, major companies could seek product portfolio expansion through product offerings and collaborations.
Notable Industry Developments
- May 2021: DuPont rolled out DuPont™ Kevlar® MicroCore™ to keep up with the demand for higher-performing and safer lithium-ion batteries for electric vehicles (EVs). The company claims the material to be resistant to high-temperature for battery separators application.
- November 2019 : Teijin Aramid B.V. announced it would bolster its production capacity targeting over a 25% capacity surge in five years.
Aluminum Foil Packaging Market Analysis 2024-2032: Share and Growth Opportunities
By Pallavi G, 2024-12-10
The global aluminum foil packaging market size was valued at USD 13.86 billion in 2023. The market is projected to grow from USD 14.54 billion in 2024 to USD 22.24 billion by 2032, exhibiting a CAGR of 5.45% during the forecast period.
Aluminum foils are thin metal sheets which are vital in packaging for their adaptability and effectiveness, protecting food and products from moisture, light, and air to extend shelf life. The rising preference for packaging that is highly recyclable and easily disposable is fueling the growth of the market.
Fortune Business Insights™ provides this information in its research report, titled “ Aluminum Foil Packaging Market, 2024-2032”.
Segmentation:
Foil Wraps Segment Dominates owing to its Rising Demand in Personal Care And Pharmaceuticals Settings
In terms of product type, the market for aluminum foil packaging is classified into bags & pouches, containers, foil wraps, trays, blisters, and others. The foil wraps segment holds the apex position in the market. The rising need for flexible packaging solutions in personal care and pharmaceuticals products is driving the growth of foil wraps.
Food & Beverage Segment Dominates due to Population Growth
In terms of end-use industry, the market is divided into pharmaceuticals, food & beverages, personal care & cosmetics, and others. The food & beverage segment captures the key aluminum foil packaging market share due to the rising demand for convenient, ready-to-eat meals driven by population growth and changing lifestyles. The need for contamination-free packaging further boosts this segment’s growth.
In terms of region, the market is categorized into Europe, North America, the Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The market research report offers a comprehensive analysis of market share, including key companies, competitive landscape, product types, and Porter’s Five Forces. It also provides insights into market trends, industry developments, and factors driving recent growth. Despite, the report also highlights the impact of the COVID-19 on the market.
Drivers and Restraints:
Increasing Use of Aluminum Foils in the Personal Care & Cosmetics Industry to Propel Market Growth
Aluminum foil's tamper-proof and sterile properties make it ideal for maintaining product purity in personal care items, such as face masks and ointments, aligning with high hygiene standards and boosting demand. Moreover, its versatility in offering luxurious, visually appealing packaging with various finishes and designs, combined with its lightweight and compact nature for single-use or travel-sized items, enhances its attractiveness and convenience, driving aluminum foil packaging market growth.
However, contamination with food or other residues can hinder recycling processes and reduce overall recycling efficiency.
Regional Insights:
Asia Pacific Dominates the Market Owing to Rapid Urbanization
Asia Pacific leads the market for aluminum foil packaging due to rapid urbanization and industrialization, with China fueling growth as a major aluminum producer and consumer. Increased demand for soft food packaging in economically developing Southeast Asia also supports the region’s expansion.
North America is experiencing significant growth, driven by rising demand for pharmaceutical blisters due to an aging population and increased health-related issues.
Competitive Landscape:
Industry Participants Focus on Innovations to Gain Competitive Edge
The global aluminum foil packaging market is fragmented and competitive, with a few major players dominating through innovation and regional expansion to widen their customer reach. Key players include Amcor plc, Constantia Flexibles, and Qingdao Kingchuan Packaging. Numerous other companies are also advancing their packaging solutions.
Get More Information: https://www.fortunebusinessinsights.com/aluminum-foil-packaging-market-108056
Key Industry Development:
June 2024- Amcor launched ESSENTIELLE, a plastic-free foil made of aluminum and paper, in collaboration with Moët & Chandon. This initiative aligns with Amcor’s commitment to sustainable packaging and involves a partnership with Amcor Capsules for its development.
List of Key Players Mentioned in the Report:
- Amcor plc (U.S.)
- Constantia Flexibles (Austria)
- Qingdao Kingchuan Packaging (China)
- Henan Tendeli Metallurgical Materials Co., Ltd (China)
- Henan Huawei Aluminium Co., Ltd (China)
- Hindalco Industries Ltd. (India)
- Novelis (U.S.)
- Zhejiang Zhongjin Aluminum Industry Co., Ltd. (China)
- KM Packaging (U.K.)
- ProAmpac (U.S.)
- RusAL (Russia)
- Pactiv Evergreen Inc. (U.S.)
- Hong Kong Daching Enterprises Limited (China)
- CAFCO (China)
- ALUFO (India)
The global 3D printing materials market size was USD 1.53 billion in 2018 and is projected to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period. The increasing application of 3D printing in various end-user industries such as aerospace, automotive, military, and healthcare will have a positive impact on the 3D printing materials market revenue during the forecast period. Moreover, one of the major 3D printing materials market trends include the increasing knowledge of 3D printing as a faster manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production.
As per the published report by Fortune Business Insights, titled “ 3D Printing Materials Market Size, Share & Industry Analysis, By Type (Plastics, Metals, Ceramics, and Others), By End-Users (Automotive, Aerospace & Defense, Industrial, Medical, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 1.53 billion in 2018. The 3D printing materials market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about 3D printing materials market outlook, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
The Report Lists the Key Companies in the 3D Printing Materials Market:
- Stratasys Ltd .
- 3D Systems, Inc.
- Materialise NV
- Markforged, Inc.
- EOS GmbH
- Höganäs AB
- Arkema
- Royal DSM N.V.
- ExOne
- GE Additive
- Evonik Industries AG
- Höganäs AB
- BASF SE
- Covestro AG
Market Driver :
Growing Adoption of 3D Printing Technology to Spur Opportunities
The rising shift from conventional printing to 3D printing technology will bolster healthy growth of the market in the foreseeable future. 3D printing offers properties including, reduced waste, complexity in designs, cost-effectiveness, and improved design modification. Moreover, the increasing awareness regarding the proven benefits of 3D printing has attracted manufacturers from various sectors. Food, footwear, music, jewelry, and medical sectors are implementing the technology for the manufacturing and development of new products at lower cost. This, factor uplift the 3D printing materials market share in the forthcoming years. In addition, the growing utilization of 3D printed parts in aerospace, automotive, and military applications will enable speedy growth of the market during the forecast period. Nonetheless, 3D printing enables designers to create complex parts at low cost along with production feasibility. For instance, components created from titanium in aerospace industry are usually 3D printed as it offers high dimensional accuracy, and great mechanical properties.
Get More Information: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
Regional Analysis:
Booming Aviation Industry to Propel Growth in North America
The market in North America generated a revenue of USD 0.58 billion in 2018 and is predicted to witness high growth during the forecast period owing to the rising demand from aerospace, military, and medical industry. The burgeoning aviation industry will create growth opportunities for the market in the region in the forthcoming years. The growing requirement for aircrafts and stellar demand for metal in the defense will boost the market in North America. Europe is predicted to grow rapidly during the forecast period owing to the increasing adoption of 3D printing technology in healthcare. 3D printing is extensively used to manufacture implants and prosthetics at a very low cost. Thus, the rising demand for 3D printing technology in various sectors will contribute positively to the growth of the market in Europe.
Key Development :
November 2019: The acquisition of Sculpteo by BASF, a German chemical company and the second largest chemical producer in the world. BASF aims to enhance its position in the 3D printing industry and expand its sales channel with the new development.