The Global Water Purifier 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 Water Purifier 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 Water Purifier 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 water purifier market size was valued at USD 35.01 billion in 2024. The market is projected to grow from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.

List of the Key Players in the Water Purifier Market:

• A. O. Smith Corporation (U.S.)
• Brita LP (U.S.)
• Pentair PLC (U.S.)
• Culligan International Company (U.S.)
• Unilever PLC (U.K.)
• Panasonic Corporation (Japan)
• LG Electronics (South Korea)
• Helen of Troy Limited (U.S.)
• Best Water Technology Group (Austria)
• Kent RO Systems Ltd. (India)
• iSpring Water Systems LLC (U.S.)
• The 3M Company (U.S.)
• Honeywell International Inc. (Switzerland)
• General Electric Company (U.S.)

Segments

In terms of product type, the market is segmented into point-of-entry filters and point-of-use filters. The point-of-use filters are sub-segmented into counter top filters, under the counter filters, faucet-mounted filters, pitcher filters, and others.

Based on category, the market is segregated into gravity filters, UV filters, RO filters, and others.

On the basis of application, the market is segmented into light commercial and residential.

On the geographical front, the market covers Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America.

Report Coverage

The report offers a holistic view of the market size, share, volume, and revenue. It has also delved into Porters’ Five Force Analysis and SWOT analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. Primary interviews have been used to validate assumptions, findings, and the prevailing business scenarios. The report has also been prepared through secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Smart Purification Trend to Propel Industry Growth

Well-established players are well poised to invest in smart purifiers through the integration of advanced technologies. Water purifier market share will gain traction from the demand for purifiers that can monitor usage and send alerts or notifications at the end of their maintenance cycle. The strong demand from emerging economies will encourage water purifier suppliers to invest in Asia Pacific and Latin America. With the demand to reduce weight and boost the immune system soaring, industry players will continue to invest in technological advancements.

Regional Insights

Heightened Awareness about Waterborne Diseases to Encourage Investment in Asia Pacific

With emerging economies witnessing a surge in waterborne disease, Asia Pacific is likely to provide lucrative growth opportunities. Stakeholders anticipate India and China to witness investments galore in water purification technology. The Asia Pacific market size stood at USD 10.88 billion in 2021 and will witness an upward trajectory with the growing penetration of residential and light commercial applications.

The Europe water purifier market growth will gain traction during the forecast period due to the presence of leading companies across Germany, the U.K., Italy, and France. An uptick in the use of tap water will further expedite the need for water purification systems.

Industry players expect the U.S. and Canada to witness profound investments in point-of-use filters for lighter applications. North America market outlook will be strong in the wake of the rising penetration of point-of-entry filters across residential and commercial applications. Water purification technologies, such as RO filters, will continue to receive an uptick across the region over the next few years.

Competitive Landscape

Leading Players Invest in Organic and Inorganic Strategies to Expand Footprint

Stakeholders are likely to invest in product launches, research and development activities, technological advancements, and mergers & acquisitions. Well-established players and new players could invest in innovations to gain a competitive edge. In doing so, investments in geographical expansion could be noticeable in the ensuing period.

Key Industry Development:

• November 2022 -  Culligan International merged with Waterlogic Group Holding to create ‘Culligan’, a leader in clean and sustainable drinking water solutions.

• August 2022:  LG Electronics launched its latest water purifier system, the PuriCare Self-Service Tankless Water Purifier, in the Malaysian market. The newly launched system comes with user-replaceable filters.

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The Global Water Purifier 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 Water Purifier 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 Water Purifier 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.

Get a Free Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103118

Forecast Growth Projected:

The global water purifier market size was valued at USD 35.01 billion in 2024. The market is projected to grow from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.

List of the Key Players in the Water Purifier Market:

• A. O. Smith Corporation (U.S.)
• Brita LP (U.S.)
• Pentair PLC (U.S.)
• Culligan International Company (U.S.)
• Unilever PLC (U.K.)
• Panasonic Corporation (Japan)
• LG Electronics (South Korea)
• Helen of Troy Limited (U.S.)
• Best Water Technology Group (Austria)
• Kent RO Systems Ltd. (India)
• iSpring Water Systems LLC (U.S.)
• The 3M Company (U.S.)
• Honeywell International Inc. (Switzerland)
• General Electric Company (U.S.)

Segments

In terms of product type, the market is segmented into point-of-entry filters and point-of-use filters. The point-of-use filters are sub-segmented into counter top filters, under the counter filters, faucet-mounted filters, pitcher filters, and others.

Based on category, the market is segregated into gravity filters, UV filters, RO filters, and others.

On the basis of application, the market is segmented into light commercial and residential.

On the geographical front, the market covers Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America.

Report Coverage

The report offers a holistic view of the market size, share, volume, and revenue. It has also delved into Porters’ Five Force Analysis and SWOT analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. Primary interviews have been used to validate assumptions, findings, and the prevailing business scenarios. The report has also been prepared through secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Smart Purification Trend to Propel Industry Growth

Well-established players are well poised to invest in smart purifiers through the integration of advanced technologies. Water purifier market share will gain traction from the demand for purifiers that can monitor usage and send alerts or notifications at the end of their maintenance cycle. The strong demand from emerging economies will encourage water purifier suppliers to invest in Asia Pacific and Latin America. With the demand to reduce weight and boost the immune system soaring, industry players will continue to invest in technological advancements.

Regional Insights

Heightened Awareness about Waterborne Diseases to Encourage Investment in Asia Pacific

With emerging economies witnessing a surge in waterborne disease, Asia Pacific is likely to provide lucrative growth opportunities. Stakeholders anticipate India and China to witness investments galore in water purification technology. The Asia Pacific market size stood at USD 10.88 billion in 2021 and will witness an upward trajectory with the growing penetration of residential and light commercial applications.

The Europe water purifier market growth will gain traction during the forecast period due to the presence of leading companies across Germany, the U.K., Italy, and France. An uptick in the use of tap water will further expedite the need for water purification systems.

Industry players expect the U.S. and Canada to witness profound investments in point-of-use filters for lighter applications. North America market outlook will be strong in the wake of the rising penetration of point-of-entry filters across residential and commercial applications. Water purification technologies, such as RO filters, will continue to receive an uptick across the region over the next few years.

Competitive Landscape

Leading Players Invest in Organic and Inorganic Strategies to Expand Footprint

Stakeholders are likely to invest in product launches, research and development activities, technological advancements, and mergers & acquisitions. Well-established players and new players could invest in innovations to gain a competitive edge. In doing so, investments in geographical expansion could be noticeable in the ensuing period.

Key Industry Development:

• November 2022 -  Culligan International merged with Waterlogic Group Holding to create ‘Culligan’, a leader in clean and sustainable drinking water solutions.

• August 2022:  LG Electronics launched its latest water purifier system, the PuriCare Self-Service Tankless Water Purifier, in the Malaysian market. The newly launched system comes with user-replaceable filters.

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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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The global nylon market size was valued at USD 31.09 billion in 2023 and is projected to grow from USD 32.64 billion in 2024 to USD 48.86 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. Polyamide, also known as nylon, is a versatile polymer used in various industries for its wide range of applications. It is produced through the polymerization of caprolactam or adipic acid & hexamethylene diamine. Companies in the industry, such as Invista, are investing in expanding their production capacities to meet the growing demand and enhance their manufacturing processes.

Nylon is a type of polymer that is produced by the reaction between carbon-based chemicals that are usually found in petroleum and coal under high pressure. It is widely adopted to manufacture plastic machine parts and electronics owing to its high tensile strength, non-conductivity, heat resistance, and low-cost properties. Additionally, it is used for manufacturing bolts, screws, nuts, and washers in the automotive industry across the globe.

Fortune Business Insights presents this information in their report titled "Global Nylon Market, 2025–2032."

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Segments:

Versatility of Nylon 6 Fibers in Textile Applications Spur’s Market Growth

By type, the market is segmented into Nylon 6 (resin, fiber) and Nylon 6,6 (resin, fiber). Nylon 6 fibers dominate the global market for their strong adoption in the textile industry, offering excellent mechanical strength and wear resistance for various webbing products.

Automotive Sector's Strong Demand for Resins and Fibers Propel Segmental Growth

By application, the market is segregated into automotive, electrical & electronics, appliances, film & coatings, wire & cables, consumer, industrial & machinery, and others.
The automotive segment held the largest nylon market share in 2022, driven by the extensive use of polyamide resin and fibers in various automobile applications such as airbags, injection molded components, and tire cords. From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:
The research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment, distribution channels, and prominent product categories. Furthermore, the report provides valuable observations on market trends and significant industry advancements. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times.

Drivers and Restraints:

Polyamide's Versatility and Performance Drive its Adoption in the Automotive Industry

The automotive industry extensively utilizes polyamide due to its favorable properties such as workability, strength, and toughness. It can be easily molded and extruded to manufacture various auto parts, and its high-temperature and chemical resistance make it suitable for harsh environments. The lightweight nature of polyamide components improves the efficiency of conventional vehicles, which aligns with the growing emphasis on fuel economy and environmental concerns.

However, the nylon market growth may be stifled by stringent regulations aimed at reducing harmful impacts to the environment.

Regional Insights:

Asia Pacific Emerges as Dominant Market Fueled by Automotive and Packaging Industries

Asia Pacific is expected to remain the dominant market for polyamide, driven by the growing demand in automotive and packaging applications, especially in emerging economies such as China and India.

North America, a major producer of polyamide, is primarily driven by the automotive industry, with the U.S. experiencing a significant growth in electric vehicle sales, expected to continue in the projected timeframe.

Competitive Landscape:

Industry Players Expand Production Capacities amidst Changing Geopolitical Dynamics and Trade Policies

The global market is currently facing an oversupply situation due to the abundance of installed capacities, prompting key industry players to expand their production capabilities. However, the market growth is hindered by price volatility, which can be partially mitigated through pricing contracts with customers, and by the impact of changing geopolitical dynamics and trade policies on the supply chain.

List of the Companies Profiled in the Market:

• DuPont (U.S.)
• BASF SE (Germany)
• Lanxess AG (Germany)
• Nylon Corporation of America, Inc. (NYCOA) (U.S.)
• Shenma Industrial (China)
• Ascend (Thailand)
• Domo Chemicals (Belgium)
• Radici Partecipazioni SpA (Italy)
• Invista (U.S.)
• DSM (The Netherlands)
• Formosa Group (Taiwan)
• SINOPEC (China)
• Ube Industries (Japan)
• LIBOLON (Japan)
• ZIG SHENG INDUSTRIAL CO., LTD. (Taiwan)
• Other

Industry Development:

• April 2023:  Microwave Chemical and Asahi Kasei together launched a demonstration project for the commercialization of the chemical recycling process for Nylon 66 using microwave technology.
• April 2023:  Tire and nylon manufacturing company Kordsa announced to invest USD 50 million for the expansion of its nylon production at its Chattanooga plant. The move is anticipated to enable the company to meet the rising demand from the automotive industry.

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The global concrete blocks and bricks market size was valued at USD 350.80 billion in 2021. The market is projected to grow from USD 369.66 billion in 2022 to USD 566.41 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Concrete blocks and bricks are used in commercial, residential, and industrial construction. The product offers thermal resistance and other various advantages if certain parameters are followed.   Fortune Business Insights   presents this information in its report titled   “ Concrete Blocks and Bricks Market, 2025-2032."

Concrete blocks and bricks are widely used in residential, commercial, and industrial construction due to their thermal resistance, durability, and cost-effectiveness. They enable faster, stronger, and more systematic construction compared to plasterboard walls and are also used for fireplaces, chimneys, and non-bearing walls, offering high compressive strength and eco-friendly benefits.

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Segments:

By Type, Cement Blocks to Gain Demand through 2029

On the basis of type, the market is segmented into cement block (hollow, fully solid, cellular) and brick (clay, fly ash clay, sand lime and others). Bricks are the oldest construction material and they are cheaper compared to other bricks. Fly ash clay bricks are highly improved, well quality bricks that are preferred over normal clay bricks. Concrete blocks are versatile and due to their wide variety of appearance, they are used heavily. These blocks are also called as Concrete Masonry Unit (CMU) or cinder blocks. Concrete blocks do not absorb heat so they require less insulation compared to other construction materials.

By Application,   Residential   Segment to Gain Traction over 2022-2029

In terms of application, the market is divided into residential, commercial, and institutional. Out of these, the residential segment is expected to grow. With increasing population, demand for renovation in urban areas and people opting to have nuclear families are likely to grow the market share. Additionally, governments worldwide have developed programs that are aimed at designing and building using resources that align with the concept of green construction.

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

Expansion of the Market due to Wider Concrete Blocks and Bricks Applications

The concrete blocks and bricks market growth is primarily driven by autoclaved aerated blocks and bricks. The blocks and bricks provide aesthetic appeal and strong architectural structure. The demand for autoclaved aerated blocks has increased significantly worldwide due to modular design. In modular building, the sections are assembled on site and built offsite. This fast pace approach increases the demand for the product.

However, manufacturing these products emits toxic gases. Most concrete blocks are manufactured out of Portland cement, which results in massive amount of carbon dioxide (CO2) emission, further resulting in soil, water, and air pollution.

Regional Insights :

Asia Pacific Registered Highest Market Share in 2021 due to Growing Infrastructure and Rising Population

The Asia Pacific market grew exponentially due to rise in population and growing infrastructure. China and India are the most populous in this region. Demand for apartments, bungalows, and buildings is pushing forward the market growth. Therefore, this results in the rising number of manufacturers of construction materials such as cement blocks and bricks.

North America accounted for a significant concrete blocks and bricks market share. Countries in the U.S. have greater per capita income. This leads to pressure on manufacturers to provide high-quality construction materials.

Competitive Landscape:

Leading Players Developing Newer Technologies to Stay Competitive

Constant R&D activities and providing improved material to industry keep the major players to stay relevant and dominate the market. This also keeps a leading edge over other companies to their different offerings and improved proprietary types. Brickworks Limited, Midwest Block, and Brick and Monaprest are some of the leading concrete blocks and bricks companies.

Key Industry Development:

• April 2022   - Brickworks Limited announced that the group would establish its presence in North Queensland. The group decided to extend its manufacturing and distribution operation to maximize revenue.
• January 2022   - CEMEX, S.A.B. de C.V. announced it agreed with the U.K.-based company Breedon Group plc to sell certain assets. This kind of agreement is expected to boost the market’s revenue.

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The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. This information is presented by   Fortune Business Insights , in its report, titled,   “Water and Wastewater Treatment Market, 2025-2032.”  The demand for water and wastewater treatment technologies is rising across the globe due to large-scale urbanization and rapid industrialization. Since more people are moving to urban areas, the demand for clean water is growing at a notable pace every year.

Similarly, more manufacturing plants are being set up to cater to the rising lifestyle demands of people living in the cities. This factor has led to a worrying rise in the volume of wastewater being generated from these plants each year. Many countries across the world are also facing severe water shortages, compelling the authorities to use wastewater treatment solutions to convert seawater into drinkable water with the help of the desalination process. These factors are expected to augment the water and wastewater treatment market growth.

The global nickel market size was USD 41.61 billion in 2023 and is projected to grow from USD 44.59 billion in 2024 to USD 73.15 billion by 2032 at a CAGR of 7.3% during the forecast period. Nickel (Ni) is a naturally occurring silvery-white, shiny metallic element. Because of its remarkable physical and chemical qualities, the substance is a required component in a variety of products. Its principal use is alloying stainless and heat-resistant steels, particularly with chromium and other metals.

Lower-grade Ni ore can now be processed because of advances in mining, smelting, and refining technology. Furthermore, rising exploratory operations by mining corporations, fueled by low commodity prices, are expected to enhance Ni metal uptake. Furthermore, increasing technological advancements in stainless steel and rising consumer spending on Ni-based items, such as alloys and batteries, would boost global market expansion over the anticipated timeline.

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Segmentations:

On the basis of application, the market is fragmented into special steels, stainless steel, batteries, alloys, electroplating, and others. Geographically, the market is classified into Asia Pacific, South America, North America, Europe, Asia Pacific, the Middle East & Africa.

Report Coverage:

The research study offers a thorough examination of the industry, focusing on critical factors such as top companies and applications. It also provides quantitative data in terms of volume and value, market analysis, market data research methodology, and industry trend insights. It focuses on important industry advancements as well as the competitive landscape. In addition to the causes listed above, the research includes a number of other variables that have contributed to the market's recent expansion.

Drivers & Restraints:

Increasing Demand for Stainless Steel to Augment Market Growth

Product adoption will be aided by rising stainless steel demand in automotive, consumer goods, and construction industries. Stainless steel accounts for more than two-thirds of global Ni use, according to the Nickel Institute Organization. The product enhances the steel's formability, weldability, and ductility. When utilized as an alloying element, it also provides corrosion resistance in specific applications. Stainless steel's strong demand in numerous industries can also be ascribed to its many features, including its lightweight, high tensile strength, durability, and ease of manufacture. As a result, increased stainless steel consumption will boost product demand during the anticipated timeframe. Ni's price has risen, making it a more expensive raw material for a variety of uses and industries.

Regional Insights:

Technological Advancements in Asia Pacific to make it a Leading Region

In 2020, the Asia Pacific market was valued at USD 26.92 billion. In Asia Pacific, the nickel market growth has been supported by increased technological advancement in stainless steel to make it more sustainable. China has the largest nickel market share and is the fastest-growing country in the region. The rise is linked to China's fast-increasing construction and automotive industries, as well as rising research and development activities and rapid infrastructure projects, all of which are helping to stimulate product demand.

Stainless steel is mostly used in electric vehicles in Europe. The product demand in this region will be fueled by rapid growth of the automobile sector as well as increased technological advancement. The U.S. is a leading country in North America. Stainless steel production in this region has been spurred by rapid expansion of the building industry. The increased demand for Ni metal can be due to its high flexibility, good energy absorption, and explosion-resistant qualities.

The product's consumption can be found in special steels across the Middle East and Africa. Steels' capacity to enhance ductility and toughness at low temperatures contributes to their hardness and strength. The South America market will rise due to increasing use of stainless steel and Ni alloys in implanted medical devices and orthopedic applications such as joint replacements and stents.

Competitive Landscape:

Companies Expand their Business as a Strategic Initiative

Vale, BHP, Anglo American plc, and Eramet are among the market's leading producers. These businesses are involved in product development, capacity expansion, acquisitions, and market collaborations. Anglo American is a mining firm that deals in Ni, diamonds, platinum, copper, and iron ore. Codemin mine produces around 9,000 tonnes of Ni per year for the domestic market.

Industry Development:

December 2021:   Nicomet, a leading nickel and cobalt (Co) company, was acquired by Vedanta. Nicomet has a production capacity of 7.5 tonnes of Ni and Co per year. This purchase will assist the company in meeting the growing demand for batteries and stainless steel.

List of Key Market Players:

• Anglo American plc (U.K.)
• BHP (Australia)
• Eramet (France)
• Norilsk Nickel (Russia)
• Sumitomo Metal Mining Co., Ltd. (Japan)
• Glencore (Switzerland)
• Sherritt International Corporation (Canada)
• Vale (Brazil)
• Jinchuan Group International Resources Co. Ltd (Hong Kong)
• Terrafame Ltd. (Finland)

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The global activated carbon market size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.

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

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Segmentation:

Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries

Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.

Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities

Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market’s drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.

Drivers and Restraints:

Growing Adoption of Air Purification Systems to Accelerate Market Growth

Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.

However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.

Regional Insights:

Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries

Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries – India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.

North America has also showcased major growth as this product is being widely used in air and water purification applications.

Competitive Landscape:

Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence

Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.

List of the Key Players in the Activated Carbon Market:

• Osaka Gas Chemicals Co., Ltd. (Japan)
• Donau Carbon GmbH (Germany)
• Cabot Corporation (U.S.)
• PURAGEN ACTIVATED CARBONS (U.S.)
• CARBOTECH AC GMBH (Germany)
• Kuraray Co., Ltd. (Japan)
• KUREHA CORPORATION (Japan)
• Activated Carbon Technologies (Australia)
• Silcarbon Aktivkohle GmbH (Germany)
• Ingevity (U.S.)
• Iluka Resources (Australia)
• James Cumming & Sons (Australia)
• Universal Carbons (India)
• Carbon Activated Corporation (U.S.)

Key Industry Development:

• May 2024   – Kuraray Co., Ltd., together with its U.S. subsidiary Calgon Carbon Corporation, announced plans to acquire the industrial reactivated carbon business of Sprint Environmental Services, LLC.

• March 2023   – Cabot Corporation introduced its EVOLVE technology program aimed at advancing sustainable reinforcing carbons. The initiative focuses on recovering carbon products from end-of-life tires, enabling waste renewal and reducing overall carbon content.

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The global iron ore market size was valued at USD 279.35 billion in 2023 and is projected to grow from USD 290.25 billion in 2024 to USD 397.98 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period. Iron ore is an essential natural mineral, primarily consisting of magnetite and hematite, essential for the manufacturing of iron and steel. Steel serves as a cornerstone material for infrastructure, providing the necessary framework and components. As infrastructure projects advance, the consumption of steel rises, effectively propelling market growth.

Fortune Business Insights™   provides this information in its research report, titled   “Iron Ore Market, 2025-2032”.

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Segmentation:

Hematite   Segment is Slated to Hold the Major Share owing to   Abundance and Economic Importance  of the Product

By type, the market is divided into hematite, magnetite, and others. The hematite segment is touted to hold the largest share. Hematite is considered as the most economically and quantitatively significant industrial ore. It is more plentiful than other varieties, cementing its market prominence despite a marginally lower iron content.

Steel production Segment Captured the Key Share Owing to   Innovations in Steelmaking Techniques

By application, the market is divided into steel production and others .   The steel production segment held the major market share. Ongoing innovations in steelmaking technology improve the efficiency of iron ore utilization in the steel production process. These advancements lead to a more economical use of resources, further bolstering the steel production segment.

In terms of region, the market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report conducts a comprehensive analysis of the key factors propelling industry growth in the near future, concentrating on product categories and leading enterprises. It also offers insights into the major trends that are fueling the global business environment and addresses the influence of the COVID-19 pandemic on market expansion.

Drivers and Restraints:

Rising Industrialization and Urbanization to Propel Market Growth

With countries undergoing urbanization and industrialization, there is a rising demand for steel. The expansion of urban areas entails the construction of buildings, bridges, and critical infrastructure, all of which heavily rely on steel, thus driving the demand for these products. Moreover, the growth of manufacturing in urban areas increases the demand for machinery and equipment dependent on steel. This heightened manufacturing activity leads to greater demand for steel and, in turn, driving the iron ore market growth.

However, the implementation of carbon capture and utilization technologies involves capturing and repurposing carbon emissions into useful products during the steelmaking process, thus reducing product demand.

Regional Insights:

Asia Pacific Region Captured the Key Share Owing to Rapid Steel Production Growth

Asia Pacific secured the largest global iron ore market share in 2022. The rapid expansion of steel production in the region is a significant driver of market growth. Moreover, the existence of top steel producers in China and India is boosting the consumption of these products.

The Middle East & Africa region is experiencing heightened demand for steel across diverse sectors, encompassing chemical, pulp and paper, and medical applications, acting as a catalyst for market expansion.

Competitive Landscape:

Prominent Players from North America and Europe are Expanding Globally to Strengthen their Market Position

In North America and Europe, producers are actively focusing on broadening their international footprint to fortify their market stance and facilitate organizational growth. Key industry players have honed their regional presence, established efficient distribution channels, and diversified their product portfolios.

Key Industry Development:

August 2023 –   H2 Green Steel and Rio Tinto, an industrial startup focused on large-scale green steel production, entered a multi-year supply agreement. This collaboration entailed the supply of high-grade direct reduction iron ore pellets from Rio Tinto's Iron Ore Company of Canada (IOC) operations. The partnership aligned with Rio Tinto's commitment to decarbonize its iron and steel production and lower its scope 3 emissions.

List of the Key Players in the Iron Ore Market:

• Vale (Brazil)
• Rio Tinto (U.K.)
• BHP (Australia)
• Fortescue Metals Group Ltd. (Australia)
• ArcelorMittal (Luxembourg)
• METALLOINVEST (Russia)
• Cleveland-Cliffs Inc. (U.S.)
• Ternium (Luxembourg)
• Anglo American (U.K.)
• Tata Steel (India)

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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.

Contact Us:

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Phone:

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UK: +448085020280

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Email:  sales@fortunebusinessinsights.com