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”.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/108698
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)
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/108698
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Paints and Coatings Market Size, Share, Competitive Analysis, and Forecast 2032
By Pallavi G, 2025-08-11
The global paints and coatings market size was valued at USD 206.56 billion in 2023 and is projected to grow from USD 217.36 billion in 2024 to USD 303.97 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. The Global Paints and Coatings Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report.
The automobile, construction, timber, and transportation industries all frequently utilize paints and coatings. They are extensively utilized in the construction industry to shield buildings from damage from the outside. Also, the product has a wide range of uses in the decoration of commercial and residential structures and infrastructure, as well as in the automobile, maritime, industrial wood, and other industries.
Fortune Business Insights presents this information in their report titled "Paints and Coatings Market, 2025–2032."
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101947
Segmentation Analysis:
Due to its Abrasion Resistance and Corrosion Resistance, Polyurethane Resin is Anticipated to Generate the Highest Revenue
By resin, the market is segmented into acrylic, alkyd, epoxy, polyurethane (PU), polyester, and others. Due to its adhesion, drying speed, relative resistance, and flexibility qualities, acrylic resin stands out among the competition and commands a substantial market share. This makes it ideal for use in paints and coatings.
Due to their Environmentally Friendly and VOC-Free Qualities, Water-Born Coatings to Hold Dominant Market Share
By product type, the market is classified into solvent borne, waterborne, powder coatings, UV coatings and others. Due to their expanding use in the wood, plastic, furniture, printing inks, and vehicle industries, waterborne coatings currently hold the biggest market share. The advantages of waterborne coatings, which include low VOC emissions, quick drying, and simpler application, are what is causing this market to flourish.
Growing Demand from the Building and Automotive Industries Will Cause the Architecture Sector to Show a Substantial CAGR
By application, the market is divided into architectural, industrial wood, marine, automotive OEM, automotive refinish, general industries, coil, protective coatings, packaging and others. Throughout the projected period, it is expected that the architectural segment will dominate in terms of revenue and volume. Paints and coatings are mostly used for ornamental purposes in architectural applications to protect non-residential and residential structures and buildings from UV radiation, environmental damage, and other factors.
List of the Key Players in the Paints and Coatings Market:
- AkzoNobel (Netherlands)
- Kansai Nerolac Paints Limited (India)
- Kwality Paints and Coatings Pvt. Ltd. (KPCPL) (India)
- Nippon and Kansai (Kansai Paint Co., Ltd.) (Japan)
- The Sherwin-Williams Company (U.S.)
- NIPSEA GROUP (Singapore)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Jotun (Norway)
- Axalta Coating Systems (U.S.)
- TIKKURILA OYJ (Finland)
- Dunn-Edwards Corporation (U.S.)
- Asian Paints (India)
- RPM International Inc. (U.S.)
- PPG Industries, Inc. (U.S.)
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
Regional Insights
Asia Pacific Dominates the Market due to Growing Construction Activities
In terms of volume and revenue, Asia Pacific held the largest paints and coatings market share for 2022 and is likely to keep that position during the anticipated period. This is a result of expanding building and construction activity as well as the automotive industry in China, India, and Japan. Due to their use in covering both non-residential and residential infrastructures, paints & coatings are in higher demand. Europe has a prominent position mainly due to growing demand from the automotive sector.
Competitive Landscape
Major Industry Focus on Construction and Automotive to Strengthen Market Position for Key Players
The market for paints and coatings is cut-throat and fragmented, with major players like PPG Industries, Inc., Axalta Coating Systems, Nippon, Kansai (Kansai Paint Co., Ltd.), Jotun, the Sherwin-Williams Company, and AkzoNobel active in the sector. To preserve product quality and increase their regional presence, the majority of multinational firms have integrated their raw material production and sales activities. As a result, firms gain a cost advantage that boosts profit margins and offers them a competitive edge. Corporations are also placing a greater emphasis on their R&D activities to stay competitive and meet the evolving demands of end users.
Key Industry Development:
February 2023 – AkzoNobel Powder Coatings launched the Interpon Futura Collection with three new color palettes—Merging World, Healing Nature, and Soft Abstraction—free from solvents and VOCs, aligning with its sustainability goals.
February 2023 – PPG agreed to acquire the powder coatings division of Arsonsisi, a Milan-based manufacturer specializing in architectural and industrial specialty powder coatings.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/101947
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
The global membranes market is anticipated to be affected by their increasing usage in pharmaceutical and biomedical industry. They help in lowering the concentration of effluent stream, as well as in recovering significant substrate or intermediate. This information is given by Fortune Business Insights™ in a recently published report, titled, “ Membranes Market Size, Share & Industry Analysis, By Technology (RO/FO, UF, NF, MF, and Others), By Applications (Water & wastewater treatment, Food & beverage, Gas separation and Others) and Regional Forecast, 2025-2032. ” The global membranes market was valued at USD 8.27 billion in 2024 and is expected to expand from USD 8.79 billion in 2025 to USD 14.21 billion by 2032, registering a CAGR of 7.0% during the forecast period.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/membranes-market-102982
Segmentation Analysis:
Water & Wastewater Treatment Segment to Grow Rapidly Backed by Evolution of Technology
Based on application, the market is divided into gas separation, food & beverage, water & wastewater treatment, and others. Amongst these, the water & wastewater treatment segment held 45.9% membranes market share in 2019. Membranes were mainly developed owing to the sole purpose of water & wastewater treatment. Later, as the technology evolved, they found their application in a wide range of industries consisting of biomedical, pharmaceutical, and food & beverage. The emergence of membrane purification technologies has proved to be promising by meeting the urgent need for portable water.
Drivers & Restraints:
Rising Environmental Concerns to Accelerate Growth
Rapid industrialization and urbanization, especially in the developing countries is resulting in water pollution. Therefore, the strain on water resources is surging. The governments and regulatory bodies of several countries are implementing stringent norms and laws regarding industry discharge to control water pollution. The increasing environmental concerns have thus, compelled large portion of the industries to adopt membrane-based technology for curbing the level and severity of pollutants in their discharge streams. They are presently trying to comply with the regulations. Membranes play a vital role in providing zero liquid discharge (ZLD). It is helping the industries in lowering the environmental impact. However, fouled membrane can have harmful effects on its operations. This factor may obstruct the membranes market growth during the forthcoming years.
Regional Analysis:
Various Planned Desalination Projects in India & China to Favor Growth in Asia Pacific
Geographically, Asia Pacific procured USD 2,382.47 million in 2019 in terms of revenue. This growth is attributable to the major contributions of countries, such as Australia, India, Japan, and China. Japan is considered to be one of the largest producers of membranes globally. Several planned desalination projects in India and China are set to boost the growth of the market in this region. Chennai in India, for instance, houses two desalination plants. Each has a capacity of 100 million litres per day (MLD). The third plant is set to begin operations in 2021. Europe is in the second position owing to the contributions of Italy, Spain, France, and Germany.
Key Industry Development:
- March 2024: TORAY INDUSTRIES, INC. announced that it has developed a new reverse osmosis membrane. The newly launched product enables to save water, offers double chemical resistance and halves replacement and carbon dioxide emissions.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
- TORAY INDUSTRIES, INC. (Japan)
- DuPont (U.S.)
- SUEZ (France)
- KOCH (U.S.)
- Pentair plc (U.S.)
- TOYOBA (Japan)
- Hydranautics – A Nitto Group Company (U.S.)
- Pall Corporation (U.S.)
- Seccua GmbH (Germany)
- Synder Filtration (U.S.)
- Others
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/membranes-market-102982
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
The global single use packaging market was valued at USD 554.14 billion in 2023 and is expected to rise from USD 583.21 billion in 2024 to USD 895.12 billion by 2032, reflecting a CAGR of 5.50% during the forecast period. Single use packaging refers to products, such as wrappers and containers that are meant to be used once and thrown away. These products are typically made from materials, such as paper, plastics, and metal to pack foods, drinks, and medical supplies. The increasing demand for convenience among customers leading a hectic lifestyle will bolster the use of single use packaging products in various industries.
Fortune Business Insights™ displays this information in a report titled, "Single Use Packaging Market, 2025-2032."
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/single-use-packaging-market-108340
Segmentation:
Plastic Materials Widely Used in Single Use Packaging Solutions Due to Their Affordability and Durability
Based on material, the market is segmented into plastic, paper & paperboard, metal, glass, and others. The plastic segment is dominating the market as this material offers various benefits to manufacturers and customers, such as affordability, adaptability, and high durability.
Demand for Bottles and Jars Rises Due to Ease of Transporting Liquid and Solid Products
Based on product type, the market is segmented into bags & pouches, bottles & jars, films & wraps, tableware, boxes & cartons, tapes & labels, and others. The bottles & jars segment is dominating the global market as these containers are known for offering customers the ease to transport for both solid and liquid products.
Growing Network of Hotels Fuels Product Adoption in Food & Beverage Industry
Based on end-use industry, the market is segmented into food & beverage, healthcare, consumer goods, e-commerce, and others. The food & beverage segment is holding the largest global single use packaging market share due to the increasing network of hotels, online food outlets, and restaurants, which use these packaging products.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end-use industries, materials, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Adoption of Paper & Paperboard Materials to Boost Market Growth
The use of paper and paperboard materials is increasing in the production of single use packaging products to help industries, such as food & beverage reduce their reliance on plastics and decrease their environmental impact. Paper-based materials are known for their biodegradability and recyclability, which will bolster their use in the production of single use packaging solutions.
However, this form of packaging creates large volumes of waste, which can increase environmental pollution, thereby hampering the single use packaging market growth.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapid Urbanization
Asia Pacific is leading the global market’s growth due to rapid urbanization and expanding populace of middle-class. These factors have increased the demand for single use packaging solutions.
Europe is also showcasing significant growth in the global market owing to rising focus on convenience and growing innovations in packaging designs.
Competitive Landscape:
Key Market Players to Introduce Innovative Packaging Solutions to Expand Product Range
Some of the top companies operating in this market are collaborating with other firms to develop and launch new packaging solutions to cater to the unique packaging demands of various industries. This move will help them increase their current product range.
Notable Industry Development:
July 2024: Berry Global announced its collaboration with Wells Enterprises, Inc., an American ice cream manufacturer, to increase latter’s range of Twist Cones frozen treats and transform it into a freezer-grade, single-serve Twist pints for Blue Bunny. Made with highly recyclable polypropylene (PP) and a high-density polyethylene (HDPE) lid, the new Twist pints claim to enhance the recyclability of conventional ice-cream packaging products, which are typically made from plastic-lined paper board.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Amcor plc (Switzerland)
- Berry Global (U.S.)
- Sonoco Products Company (U.S.)
- Huhtamaki (Finland)
- Gerresheimer (Germany)
- Constantia Flexibles (Austria)
- ProAmpac (U.S.)
- Graphic Packaging International, LLC (U.S.)
- Transcontinental Inc. (Canada)
- Pactiv Evergreen Inc. (U.S.)
- Tetra Pak (Switzerland)
- Sealed Air (U.S.)
- Mondi (U.K.)
- Winpak LTD. (Canada)
- PACCOR (Germany)
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/single-use-packaging-market-108340
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.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email : sales@fortunebusinessinsights.com
Market Size & Share: Liquid Laundry Detergent Industry Projections through 2032
By Pallavi G, 2025-08-08
The global liquid laundry detergent market size was USD 24.99 billion in 2023 and is projected to grow from USD 26.52 billion in 2024 to USD 41.65 billion by 2032 at a CAGR of 5.8% during the forecast period. Fortune Business Insights™ mentions this information in its report titled " Liquid Laundry Detergent Market, 2025-2032. "
Liquid laundry detergent is a detergent made up of liquid instead of powder. It is composed of surfactants and other ingredients to enhance fabric cleaning. They are an extremely convenient option that eliminates the hassles of lint formation, color loss, and others. It reduces washing time and removes dirt efficiently from clothes. These type of detergents are made up of a mixture of non-ionic and anionic surfactants. Liquid detergents work well in cold, dry, and hot water and reduce the effort taken to wash clothes, and improve the consumer's experience. In addition, the evolving consumer experience and rising demand for effective laundry solutions are expected to boost market progress during the upcoming years.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/liquid-laundry-detergent-market-102962
Segmentation Analysis:
By Application, the market is segmented into household and industrial & institutional. Regionally, it is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report:
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints:
Robust Demand for Fully Automatic Washing Machine to Propel Market Progress
Rising awareness regarding the benefits of a washing machine is expected to boost demand for convenient consumer goods and appliances. The incorporation of these detergents improves washing quality and eliminates dust and other impurities present in clothes. It5 improves the consumer's convenience and improves time management. Liquid laundry detergents eliminate problems regarding fiber retention and color drains. The incorporation of liquid laundry detergents improves smoothness and provides an excellent washing experience in cold and hot water. It is easily washable and eliminates fiber formation and powder retention. These factors are likely to propel liquid laundry detergent market growth.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/liquid-laundry-detergent-market-102962
Regional Insights:
Well-established Real Estate to Boost Market Growth in North America
North America is expected to hold a major market and was valued at USD 6.94 Billion in 2020. Adoption of a healthy lifestyle, rapid development of home care facilities, and well-established real estate is expected to boost liquid laundry detergents sales. These factors are likely to boost market development.
Asia Pacific is expected to witness significant growth because of increasing industrial investments in the industrial sectors. Further, the rising demand for effective household products is expected to boost the liquid detergent sales. Further, the spike in middle-class population, household income, and rapid urbanization is expected to boost the liquid detergent demand. These factors are likely to boost the market growth.
In Europe, rising demand for liquid laundry detergent from households is likely to propel the product's sales. Further, rising demand for liquid bio detergents and higher lifestyle expenditure propel industry progress.
Competitive Landscape:
Prominent Companies Announce Hygiene Products to Boost Brand Image
The prominent companies operating in the market announce hygiene products to boost their brand image. For example, A German-based company named Henkel launched hygiene products for tackling the COVID-19 pandemic in May 2020. Further, the incorporation of research and development strategy enables companies to improve their product quality and satisfy consumers' demands. Further, major manufacturers focus on developing advanced production machinery to improve product quality, reduce labor costs, enhance productivity, boost operational efficiency and achieve organizational goals.
Industry Development:
May 2022 – Procter & Gamble (P&G) expanded its liquid detergent operations by setting up a manufacturing facility in Hyderabad, India, with an investment of USD 2.51 billion.
May 2022 – Unilever PLC’s brand Breeze introduced a new liquid detergent featuring a thinner formula. Packaged in a 500ml bottle, the product is designed to be diluted in 2.5 liters of water, providing over 60 washes.
List of Key Players Profiled in this Market Report:
- Procter & Gamble (U.S.)
- Unilever (U.K.)
- Lion Corporation (Japan)
- KAO CORPORATION (Japan)
- Henkel AG & Co. KGaA (Germany)
- Church & Dwight Co., Inc. (U.S.)
- Reckitt Benckiser Group plc (U.K.)
- Wipro Consumer Care and Lighting (India)
- Seventh Generation Inc. (U.S.)
- Guangzhou Blue Moon Industrial Co., Ltd. (China)
Inquire Before Buying Report:
https://www.fortunebusinessinsights.com/enquiry/queries/liquid-laundry-detergent-market-102962
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
The global rare earth elements market is set to gain traction from the rising adoption of electric vehicles (EVs) owing to the urgent need to reduce emissions in the environment. For instance, the International Energy Agency (IEA) declared that the demand for EVs is rising at a fast pace in Japan, U.S., and China. This information is given by Fortune Business Insights™ in a published report, titled, “ Rare Earth Elements Market, 2025-2032 .” As per the report, the global rare earth elements market size was USD 3.39 billion in 2023 and is projected to grow from USD 3.74 billion in 2024 to USD 8.14 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period (2024-2032).
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rare-earth-elements-market-102943
Segmentation Analysis:
By Type : Neodymium dominated the rare earth elements market in 2023 due to strong demand from electric and hybrid vehicle manufacturers for use in permanent magnets. Other key segments include cerium (automotive catalysts), praseodymium (aerospace alloys), lanthanum (battery production), and samarium (hybrid vehicle magnets).
By Application : The magnets segment led the market in 2023, driven by demand in electronics, motors, and sensors. The battery segment is expected to grow fastest, fueled by electric vehicle adoption, while other growing applications include catalysts, metallurgy, glass & ceramics, and polishing agents.
Report Coverage:
The report aims to analyze the rare earth elements industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.
Drivers & Restraints:
Rising Demand from Various Industries to Bolster Growth
A large number of rare earth elements are gaining momentum across the globe because of their high demand from numerous industries. They have several beneficial chemical and physical properties that are best suited for specific applications. However, the surging prices of raw materials because of the high demand for bearings, aircraft alloys, automotive motors, and batteries may hamper the rare earth elements market growth in the near future.
Get A Customized PDF :
https://www.fortunebusinessinsights.com/enquiry/customization/rare-earth-elements-market-102943
Regional Insights:
Surging Industrialization and Construction Activities to Favor Growth in Asia Pacific
Geographically, Asia Pacific earned USD 2,220.8 million in 2020 in terms of revenue and is likely to retain its leading position in the near future. This growth is attributable to the surging building & construction activities in China. The country is considered to be a major growth contributor on account of the rapid industrialization and the presence of numerous consumer electronics manufacturers. On the other hand, North America is anticipated to grow considerably backed by the increasing production of EVs in the U.S., which, in turn, would accelerate the demand for these earth elements.
Competitive Landscape:
Key Players Focus on Acquisitions and Signing Agreements to Intensify Competition
The global market houses numerous companies that are currently focusing on acquiring local organizations and signing new agreements with government bodies to compete with their rivals. Below is one of the latest industry developments:
- January 2021 : Lynas Rare Earths Limited and the U.S. Government signed an agreement to construct a Light Rare Earths separation plant in Texas through Lynas USA LLC, a wholly owned subsidiary. The new plant is estimated to produce rare earth elements at around 5,000 tonnes per annum.
A list of renowned rare earth elements providers operating in the global market:
- Baotou Rare Earth (China)
- China Minmetal Rare Earth (China)
- Avalon Advanced Materials (Canada)
- IREL (India)
- Metall Rare Earth Limited (China)
- Arafura Resources (Australia)
- Canada Rare Earth Corporation (Canada)
- Lynas Corporation (Australia)
- Northern Minerals (Australia)
- Greenland Minerals Limited (Australia)
- Other Players
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/rare-earth-elements-market-102943
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
The Global Detergent Chemicals 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 Detergent Chemicals 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 global detergent chemicals market is witnessing steady growth, driven by increasing demand for household cleaning products, industrial applications, and hygiene awareness. Detergent chemicals include surfactants, builders, enzymes, fragrances, and other additives that enhance cleaning performance and product efficiency.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105804
Forecast Growth Projected:
The global detergent chemicals market size was USD 58.20 billion in 2023 and is projected to grow from USD 60.58 billion in 2024 to USD 83.91 billion in 2032 at a CAGR of 4.2% during the 2024-2032 period.
Detergent Chemicals Market Segmentation Analysis:
Based on product type, the builder & fillers segment held the largest share of the global detergent chemicals market in 2023. These chemicals, including sodium silicate, sodium metasilicate, polycarboxylates, sodium carbonate, and zeolites, are used in higher percentages within detergent formulations to improve cleaning efficiency and overall performance.
In terms of application, the solid detergents segment dominated the market. Solid detergents typically contain a higher concentration of active chemicals compared to liquid detergents, which generally consist of 60–70% water. Available in forms such as powders, tablets, and sheets, solid detergents are widely preferred for their convenience and ease of use across both developed and developing regions.
By end-user, the household segment emerged as the largest revenue contributor and is expected to grow at a faster pace in the coming years. Growth in this segment is primarily driven by the expanding middle-class population and rising consumer spending on home care and personal care products.
List of the Key Players in the Detergent Chemicals Market:
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Ashland Inc. (USA)
- Evonik Industries AG (Germany)
- Akzo Nobel N.V. (The Netherlands)
- Croda International plc (UK)
- DuPont (USA)
- INEOS (UK)
- P&G (USA)
- Stepan Company (USA)
- Huntsman International LLC (USA)
- Solvay (Belgium)
- Novozymes (Denmark)
- Other Key Players
Key Market Drivers:
- Rising Hygiene Awareness: Growing awareness of personal and home hygiene, especially after the COVID-19 pandemic, is boosting demand for detergents and related chemicals.
- Growth in Urbanization: Increasing urban populations in developing countries are driving the use of packaged and efficient cleaning products.
- Expansion of FMCG Sector: A growing fast-moving consumer goods (FMCG) industry is fueling the demand for advanced and sustainable detergent formulations.
- Innovation in Bio-based Surfactants: Eco-friendly and biodegradable surfactants are gaining traction due to rising environmental concerns and regulatory pressures.
Regional Insights:
Regionally, Asia Pacific dominates the detergent chemicals market, led by high population density, increasing disposable incomes, and rising demand for personal and home care products in countries like China, India, and Japan. North America follows, backed by strong manufacturing capabilities and consumer interest in sustainable and high-performance cleaning products. Europe is focusing on eco-friendly formulations due to strict environmental standards, prompting increased investment in R&D for green chemicals. Meanwhile, Latin America and the Middle East & Africa represent emerging markets, where urbanization and growing hygiene awareness are expected to create new opportunities for market players.
Competitors Landscape:
The realm of Detergent Chemicals 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:
December 2023: INEOS acquired LyondellBasell’s Ethylene Oxide & Derivatives business and Bayport, Texas facility, aiming to expand its detergent and soap production capabilities.
December 2019: Evonik and Unilever launched bio-based 'Rhamnolipid' surfactants, used in Unilever’s Quix brand. These are skin-friendly, biodegradable, and derived from renewable sources.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/105804
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:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
According to Fortune Business Insights the global waterproofing membrane market size was valued at USD 30.74 billion in 2024. The market is projected to grow from USD 32.43 billion in 2025 to USD 47.71 billion by 2032 at a CAGR of 5.7% during the forecast period of 2025-2032. A waterproofing membrane is a protective layer used in construction to prevent water infiltration in roofs, foundations, and other structures. As focus on building safety, sustainability, and health grows, demand for high-quality membranes is rising.
Get Sample PDF Brochure:-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/waterproofing-membranes-market-102393
Segmentations:
Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment
Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth.
Report Coverage:
The report studies decisive segments of this market containing regions, end-users, technologies, types, and applications. It elaborates the performance and significance of each of the segments by considering sales volume, growth prospects, revenue share, and demand. In addition to this, it will help our clients to accurately determine the size of the waterproofing membrane industry to guide them in choosing the right segment for their business growth.
Drivers & Restraints:
Rising Demand for Residential Spaces in Developing Nations to Aid Growth
The high demand for residential spaces, especially in developing countries, on account of the surging population is expected to spur the demand for these membranes in the upcoming years. Also, governments of these countries are constantly taking initiatives to provide the Economically Weaker Section (EWS) with good housing. For instance, India’s Union Housing and Urban Affairs Ministry announced in January 2021 that it approved the construction of more than 168,000 houses under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. However, these membranes contain solvents, diluents, and other additives that often release toxic fumes and VOCs. It may obstruct the waterproofing membrane market growth.
Regional Insights:
Increasing Population in Urban Areas to Spur Demand for Robust Infrastructure in Asia Pacific
- Asia Pacific held USD 10.56 billion in 2020 in terms of revenue. It is set to remain at the forefront because of the increasing demand for water treatment infrastructure as the population is rising in urban areas.
- In Latin America, the surging investments by governments in infrastructural projects would bolster the demand for these membranes.
- The increasing number of construction activities is set to propel growth in North America. In June 2021, for instance, Ethos Development started constructing multi-family housing in Oregon, U.S. It is set to be a five-story building called brookLAND and contains 166 apartments.
Competitive Landscape:
Key Companies Aim to Fulfil Unmet Demand by Introducing Novel Solutions
The global market houses several reputed manufacturers of waterproofing membrane that are currently striving to keep up with the high demand for the product from the expanding building and construction sector. Also, the emergence of green buildings is set to drive its demand. Some of the others are focusing on the acquisition strategy to compete with prominent firms. Below is one of the crucial industry developments:
List of the Key Players in the Waterproofing Membrane Market:
- Sika AG (Switzerland)
- Tremco Incorporated (U.S.)
- BASF SE (Germany)
- Soprema Group (France)
- GCP Applied Technologies (U.S.)
- Fosroc, Inc. (India)
- Mapei S.p.A. (Italy)
- Carlisle Company Incorporated (U.S.)
- Johns Manville (U.S.)
- Elmich Singapore (Singapore)
- Other Players
Key Industry Development:
- March 2024 : Mapei opened a new plant in Cantanhede, Portugal, with an investment of USD 13.89 million. The new plant has cutting-edge technology that will enable the company to expand its production capacity, increase its product range, and provide service to local customers. The new facility will have the Mapei Academy, a training facility that will organize free events for retailers, designers, installers, and companies.
- March 2023 : CertainTeed and GCP, part of the Saint-Gobain Group, introduced their new integrated commercial waterproofing system that protects all six sides of a building.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/waterproofing-membranes-market-102393
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.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
