The global   textile chemicals market   was valued at USD 20.67 billion in 2019 and is projected to reach USD 26.97 billion by 2027, growing at a robust CAGR of 3.5% from 2020 to 2027. Rising popularity across textile and apparel industries and robust adoption of sustainable products may propel market growth.   Fortune Business Insights ™   presents this information in its report titled “ Textile Chemicals Market, 2024-2032. ”

Segmentation

Colorant & Auxiliaries Segment to Dominate Owing to Extensive Consumption

By product type, the market is classified into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others.

The colorant & auxiliaries segment is expected to dominate owing to its increasing applications. This factor is expected to dominate segmental growth.

Apparel Segment to Dominate Owing to Increasing Apparel Production

Based on application, the market is trifurcated into apparel, home furnishing, and technical textiles.

The apparel segment is expected to dominate owing to rising apparel production. Further, the growing demand for textiles from the geriatric population may enhance market progress.

Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

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

Rising Awareness Regarding Textile Chemistry in Manufacturing Sector to Foster Growth

Textile chemicals are utilized to treat textile materials at various manufacturing stages such as washing, scouring, mercerizing, dyeing, printing, and finishing. Increasing awareness regarding textile chemistry in manufacturing is expected to foster the demand for textile chemicals. Furthermore, rising consumer demand for enhanced functionality and quality is expected to boost textile chemicals’ sales. Moreover, the increasing awareness regarding the importance of textile chemistry is expected to drive the textile chemicals market growth.

However, the chemical's human health and environmental effects are expected to hamper the market growth.

Regional Insights

Presence of Leading Textile Manufacturers to Propel Market Progress in Asia Pacific

Asia Pacific is projected to dominate the textile chemicals market share because of the presence of several leading textile manufacturing companies in India, Vietnam, Bangladesh, Indonesia, and China. The market in Asia Pacific was valued at USD 1.55 billion in 2019 and is expected to gain a huge portion of the global market share in the upcoming years. Moreover, China's substantial production volume and value are expected to foster industry growth.

In Europe, the presence of a huge manufacturing base is expected to foster the demand for textile chemicals. The region houses nearly 1,71,000 manufacturing industries and may allow manufacturers to elevate their supply chain. This factor may propel market progress.

The market in North America is expected to dominate owing to the large export volume of textiles in the U.S. The textile industry supplies nearly 8,000 textile products to the defense sector and is responsible for market growth in the region.

Competitive Landscape

Companies Enter Agreements to Expand Market Presence

The prominent companies operating in the market enter agreements to expand their market presence. For example, Croda International entered an agreement with Microban to provide odor control and antimicrobial technologies to Indonesia and Indian industries in June 2019. Microban’s product offering includes Scentry, Scentry Revive, AEGIS, and SilverShield. The companies may explore new opportunities and expand their market presence through this development. Further, companies devise acquisitions, mergers, novel product launches, innovations, research and development, and industrial automation to enhance their annual revenues and reinforce their stance in the global market.

Get More Information:   https://www.fortunebusinessinsights.com/textile-chemicals-market-103284

Key Industry Development

• July 2022-   As per the information provided by Swarajyamag.com, manufacturing exports are likely to touch USD 1 trillion in India. The chemical sector is the leading sector responsible for this spike in exports.

List of Key Players Profiled in the Market Report

• Archroma (Switzerland)

• Huntsman Corporation (U.S.)

• DIC Corporation (Japan)

• Kiri Industries Ltd. (India)  

• Covestro AG (Germany)

• Omnova Solutions Inc. (U.S.)  

• Lubrizol Corporation (U.S.)  

• Solvay S.A. (Belgium)  

• Evonik Industries AG (Germany)  

• Tanatext Chemicals (Netherlands)

The global   paints and coatings additives market   size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. This is attributable to the surging demand for advanced paints and coatings additives owing to the increasing residential projects and the rising automotive sector across the globe. This information is published by Fortune Business Insights, in its latest report, titled,   “Paints and Coatings Additives Market Size, Share & COVID-19 Impact Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others),   and Regional Forecast, 2024-2032.” 

Paints and coatings additives consist of emulsifiers, pigments, curing catalysts, thickeners, and dispersants, among others. These additives are extensively adopted to enhance the inherent properties such as good leveling and flow, UV protection, high-temperature stability, and chemical resistance. This makes them an ideal choice for applications across automotive and construction sectors globally.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. 

DRIVING FACTORS

Increasing Focus on Development of Residential Sector to Augment Growth

The novel coronavirus has hampered the painting and coating applications across the globe. However, the growing do-it-yourself projects undertaken by the people to decorate their homes are driving the demand for these additives. These additives are extensively adopted as emulsifiers, dispersants, thickeners, photo-stabilizers, and leveling agents as they provide efficient corrosion protection for infrastructures. Additionally, they improve the overall shelf life of coatings and increase the substrate durability. Owing to their several benefits, the surging adoption of advanced additives is expected to boost the global paints and coatings additives market growth during the forecast period.

SEGMENTATION

The paints and coatings additives market can be segmented based on product type, application, and end-user industry.

By Product Type :

• Rheology Modifiers : These additives help control the flow and application properties of the paint, improving consistency and finish. Rheology modifiers hold a significant share of the market.

• Dispersing Agents : These are used to stabilize pigment particles and prevent them from clumping, ensuring uniform color distribution.

• Wetting Agents : Wetting agents enhance the paint's ability to spread evenly across surfaces, minimizing defects and improving surface smoothness.

• Anti-Foaming Agents : Prevent foam formation during paint application, which can lead to surface imperfections.

• Biocides : Used to prevent microbial growth, particularly in water-based paints, extending shelf life and preventing spoilage.

By Application :

• Architectural Coatings : Paint additives are widely used in both interior and exterior architectural applications. The construction sector's growth is driving demand for architectural coatings with enhanced properties, such as UV resistance and water repellence.

• Automotive Coatings : The automotive industry requires advanced coatings for scratch resistance, corrosion protection, and enhanced aesthetics. Additives play a crucial role in achieving the desired performance.

• Industrial Coatings : This segment includes coatings for heavy machinery, equipment, and industrial structures. Additives here provide properties such as heat resistance, anti-corrosion, and weatherability.

• Marine Coatings : Marine environments are harsh, and paints need to resist saltwater, algae, and corrosion. Additives enhance durability and longevity.

REGIONAL INSIGHTS

Rising Automotive Sector in Asia-Pacific to Favor Growth

Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global paints and coatings additives market in the forthcoming years. This is attributable to the rising automotive sector in countries such as India and China that drive the demand for advanced paints and coatings additives to prevent corrosion and protect the vehicle from extreme temperature. The region stood at USD 3,766.8 million in 2019.

The market in Europe is expected to gain momentum owing to the increasing focus on improving the aesthetic look of old government and residential buildings in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Eminent Players Expanding Their Production Facilities to Leverage the Promising Opportunities

The global paints and coatings additives market is consolidated by the presence of several major companies that are focusing on expanding their production facilities to cater to the increasing demand for advanced paints & coatings additives for industrial applications such as automotive and construction.

Get More Information:   https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810

Industry Development:

• February 2020 –   BYK announces the launch of its new production and research facility located in Texas, United States. According to the company, the new facility is anticipated to aid in propelling the manufacturing process of GARAMITE organoclays and additives that are adopted as specialty rheological paints & coatings additives across a wide range of industrial applications.

List of the Companies Operating in the Global Market:

• Dow (U.S)
• Evonik Industries AG (Germany)
• BYK-Chemie GmbH (Germany)
• Clariant AG (Switzerland)
• Kyoeisha Chemical Co., LTD. (Japan)
• Arkema S.A. (France)
• BASF SE (Germany)
• Lubrizol Corporation (U.S.)
• ELEMENTIS PLC. (UK)
• Kusumoto Chemicals, Ltd. (Japan)

The global   hermetic packaging market   size stood at USD 3.95 billion in 2023. The market revenue is anticipated to rise from USD 4.21 billion in 2024 to USD 7.31 billion by 2032, registering a CAGR of 7.14% from 2024 to 2032.

Hermetic packaging is widely used to protect electronic components from corrosive environments. An increase in research and development initiatives in the aerospace and defense sector is boosting the adoption of hermetic packaging solutions. Rising emphasis on sustainable packaging solutions to reduce environmental issues is propelling market expansion.

Fortune Business Insights presents this information in their report titled " Hermetic Packaging   Market, 2024–2032".

Segments

Increasing Usage of Ceramic Metal Sealing in Implantable Electronic Devices Propels Segment Growth

By type, the market is classified into co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass metal sealing. The ceramic metal sealing segment accounts for the largest hermetic packaging market share owing to the increasing usage of ceramic metal sealing in implantable electronic devices. Growing preference for ceramic packaging over other materials due to its superior hermetic protection is boosting segment growth.

Surging Need for Excellent Heat Dissipation and High Optical Precision in Sensors Boosts Segment Expansion

On the basis of the application, the market is divided into sensors, photodiodes, MEMS, transistors, laser chips, memory, and others. The sensors segment takes the lead in the global market. The surging need for excellent heat dissipation and high optical precision in sensors is augmenting segment growth.

Aerospace & Defense Segment Leads the Market due to Rise in Defense Budgets

In terms of end-use industry, the market is segregated into aerospace & defense, healthcare, automotive, electrical & electronics, telecom, and others. The aerospace & defense segment dominates the global market driven by a rise in security threats, changing political dynamics, and increasing defense budgets. A rise in government and private investments in space exploration is accelerating segment expansion.

From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.

Report Coverage

The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.

Market Drivers

Several key drivers are contributing to the growth of the hermetic packaging market:

• Increased Demand for Aerospace and Defense Applications : The global rise in defense budgets, as well as the expansion of space exploration activities, is driving demand for hermetically sealed components.
• Growth in Healthcare Devices : With the increasing use of electronics in medical devices such as pacemakers and neurostimulators, the need for reliable packaging solutions has surged.
• Advancement in Automotive Electronics : The integration of advanced driver assistance systems (ADAS), autonomous driving technologies, and electric vehicle (EV) components is bolstering demand for hermetic packaging in the automotive sector.

Nevertheless, the growing preference for other substitutes is hindering the hermetic packaging market growth.

Regional Insights

Increase in the Production of Several Electronic Devices and Components Fueled Market Growth in Asia Pacific

Asia Pacific commands the global market with the increasing production of several electronic devices and components.

North America has the second-largest share of the market. The presence of many aerospace companies and the rapid expansion of the aeronautics industry are the key factors fostering market growth in the region.

Competitive Landscape

Key Players Focus on Increasing Their Customer Base Across Regions

The global market is highly competitive. Some players emphasize offering innovative packaging solutions to make a mark in the global market. These market participants are engaged in innovation and increasing their customer base across regions.

Get More Information:   https://www.fortunebusinessinsights.com/hermetic-packaging-market-109188

Key Industry Development

• September 2023 : SCHOTT AG introduced lightweight microelectronic packages for aerospace. These packages are preferred as RF packages, microwave, and DC converter packages, specifically in aircraft and satellite applications.

List of Key Players Profiled in the Market Report:

• TELEDYNE (U.S.)
• SCHOTT (Germany)
• Amkor Technology, Inc. (U.S.)
• KYOCERA Corporation (Japan)
• Materion Corporation (U.S.)
• Egide (France)
• SGA Technologies (U.K.)
• Complete Hermetics (U.S.)
• Willow Technologies Ltd. (U.K.)
• Mackin Technologies (Japan)

The global   wood plastic composite market   size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

According to a research report by Fortune Business Insights™ the global   wood plastic composites market   is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by   Fortune Business Insights™   in a recently published report, titled, “ Wood Plastic Composites Market Size, Share & Industry Analysis and Regional Forecast, 2024-2032 .” 

Lists of all the manufacturers of wood plastic composites present in the market

• Trex Company, Inc. (U.S.)
• Seven Trust (China)
• Meghmani Group (India)
• Beologic (Belgium)
• UFP Industries, Inc. (U.S.)
• Fiberon LLC (U.S.)
• Axion International, Inc. (U.S.)
• Josef Ehrler GmbH & Co KG (Germany)
• Croda International Plc (UK)
• CertainTeed (U.S.)
• Others

Drivers & Restraints-

Increasing Usage of Sustainable Fibers to Boost Growth

Wood plastic composites are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable wood plastic composites. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, wood plastic composites require higher initial cost spending. It may obstruct growth.

Segment-

The WPC market can be segmented based on   product type and   application

a.   By Product Type

• Polyethylene (PE)-based WPC:   This segment dominates the market due to its low cost and high durability. PE-based WPC is widely used in decking, siding, and fencing applications.
• Polypropylene (PP)-based WPC:   Known for its enhanced mechanical properties, PP-based WPC is mainly used in automotive and construction applications.
• Polyvinyl Chloride (PVC)-based WPC:   PVC-based WPC is favored for its high resistance to moisture and termites, making it ideal for exterior applications like cladding and windows.
• Others (ABS, PLA, etc.):   These are emerging materials in niche applications due to their unique properties, including recyclability and higher performance.

b.   By Application

• Building and Construction:   This is the largest segment, accounting for over 70% of the total market share in 2023. WPC products are extensively used in decking, railings, windows, doors, and structural components.
• Automotive:   WPC is increasingly being adopted in the automotive sector for interior components like dashboards, trims, and door panels due to its lightweight, high strength, and ability to reduce vehicle weight.
• Consumer Goods:   This segment includes the use of WPC in the production of furniture, home décor items, and household accessories.
• Others:   Packaging and electronics are smaller but growing segments as companies explore the use of WPC materials for sustainable packaging and casings.

Challenges

• Higher Initial Costs:   WPC products are more expensive upfront than traditional wood materials, which may hinder their adoption in cost-sensitive markets.
• Limited Awareness:   In some regions, the knowledge about the benefits and applications of WPC remains limited, slowing down market penetration.

Opportunities

• R&D and Innovation:   Companies are investing in research and development to create advanced WPC products with enhanced performance properties, including better weather resistance, flexibility, and recyclability.
• Recyclable and Bio-based WPC:   The trend toward using bio-based polymers and fully recyclable materials is expected to open new opportunities for growth in the WPC market.

Regional Analysis-

Rapid Industrialization in China & India to Favor Growth in Asia Pacific

In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of wood plastic composites in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

Get More Information:   https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821

Competitive Landscape-

Key Companies Follow Acquisition Strategy to Gain Competitive Edge  

The wood plastic composites market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house wood plastic composites. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments:

• August 2018 : Alvic Plastics Limited was acquired by BSW Group. This new deal would aid BSW in broadening its product portfolio and production capacity. It would also enable the company to bring in diversification to increase its range of products.
• November 2015 : Vannplastic Limited, a prominent manufacturer of wood plastic composite was acquired by the Boral Epwin Group for an initial consideration of approximately USD 5.67 million. It would aid Boral in widening its line of low maintenance building 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 .

1. 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.

2. 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.

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.)