Specialty chemicals play a vital role across a wide range of manufacturing industries, including textiles, oil and gas, ink additives, construction, food, and cosmetics. Their application is largely determined by their chemical composition and functional effectiveness. As global awareness around health and safety continues to rise, there has been a notable surge in the demand for industrial and institutional (I&I) cleaners, disinfectants, and sanitizers—growing at a faster pace than usual. According to the Gulf Petrochemicals and Chemicals Association (GPCA), demand for hand sanitizers and disinfectants in January 2020 soared by 1,400% compared to December 2019. This sharp increase has prompted specialty chemical manufacturers to scale up production significantly.
According to Fortune Business Insights, The global carbon dioxide market was valued at USD 11.11 billion in 2023 and is expected to rise from USD 11.50 billion in 2024 to USD 15.21 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.6% during the forecast period 2024–2032. In 2023, Asia Pacific held the largest market share, accounting for 45.72% of the global total. Meanwhile, the U.S. carbon dioxide market is anticipated to witness substantial growth, projected to reach USD 3.57 billion by 2032. This growth is primarily fueled by strong demand from the food and beverage sector, evolving environmental regulations, and widespread utilization across various industries.
Carbon dioxide refers to a chemical compound with two oxygen atoms and one carbon atom. The surging consumer demand for carbonated beverages is fostering market growth. Additionally, CO2 finds applications in various sectors owing to its versatility.
Fortune Business Insights™ provides this information in its research report, titled “Carbon Dioxide Market, 2024-2032”.
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List of Key Players Mentioned in the Report:
- Linde plc (Ireland)
- Air Products and Chemicals, Inc. (U.S.)
- Air Liquide (France)
- Sicgil India Limited (India)
- Matheson Tri-Gas, Inc. (U.S.)
- Universal Industrial Gases, Inc. (U.S.)
- The Messer Group GmbH (Germany)
- SOL Spa (Italy)
- POET, LLC (U.S.)
- Reliant Gases (U.S.)
- India Glycols Limited (India)
Segmentation:
Massive Applications of Liquid CO2 in Different Industries to Fuel Segment Expansion
In terms of form, the market is classified into gas, solid, and liquid. The liquid segment captured the largest share in 2023 with extensive applications of liquid carbon dioxide in different industries, including chemical processing, healthcare, food and beverages, and more.
Utilization of Ethyl Alcohol as a Fuel Source to Impel Segment Growth
On the basis of source, the market is segregated into ethylene oxide, substitute natural gas, hydrogen, ethyl alcohol, and others. The ethyl alcohol segment witnessed the largest carbon dioxide market share in 2023 with the deployment of ethyl alcohol as a source of fuel in combustion engines, which leads to the production of CO2 as a byproduct.
Rapidly Growing Population to Propel the Food & Beverage Segment Expansion
With respect to end-use industry, the market is categorized into metal fabrication, firefighting, oil & gas, food & beverage, medical, and others. The food & beverage segment holds the major share due to the surging demand for food and beverage products owing to the rapidly growing population.
From the regional perspective, the market is classified into Latin America, the Middle East & Africa, the Asia Pacific, North America, and Europe.
Report Coverage
The research report provides a comprehensive coverage of the major driving and restraining factors affecting the market growth. In addition, it highlights the key segments, the latest trends, and notable industry developments. Additional aspects of the report include the strategic initiatives undertaken by leading companies to boost their share.
Drivers and Restraints:
Surging Deployment in Food & Beverage and Medical Industries to Escalate Market Growth
One of the major factors boosting the carbon dioxide market growth is an increase in the utilization of medical and food & beverage industries. Carbon dioxide has different applications in the medical industry, including the stabilization of body cavities during respiratory stimulation and minimally invasive surgery. In addition, it is deployed in the food & beverage industry to carbonate beverages and freeze poultry & meat.
However, the concerns pertaining to the transportation of the product may hamper market expansion.
Regional Insights:
Asia Pacific Leads Market Due to Heightened Demand From the Medical Industry
Asia Pacific’s market valuation reached USD 5.08 billion in 2023 on the back of the massive demand from medical and food & beverage industries. Increasing population and rise in disposable incomes will result in heightened consumption of beverages, leading to the region’s growth.
North America is poised to observe significant growth in coming years due to the growing demand for oil recovery applications, which is encouraging carbon dioxide use.
Competitive Landscape:
Key Players Emphasize Capacity Expansions to Boost Their Capacity
The market depicts a competitive and consolidated structure in terms of the competitive scenario. Moreover, global companies are making heavy investments in the research and development of better technologies to enhance product output. Several companies are also focusing on capacity expansion strategies to maximize their production output.
Information Source: https://www.fortunebusinessinsights.com/carbon-dioxide-market-102866
Key Industry Development:
- April 2023 – ExxonMobil announced that it will be storing carbon dioxide from Linde's blue hydrogen complex in the state of California in the U.S. The project aims to capture 90% of CO2 emitted from the hydrogen production process, which will then be stored in geologic formations in the vicinity. The initiative is part of ExxonMobil's plan to invest USD 3 billion in lower-emissions technology over the next few years.
- February 2023 – POET announced plans to build a new facility at its bioprocessing location in Laddonia. The facility will capture over 200 tons per day of CO2 and manufacture dry ice. POET is the fastest-growing renewable CO2 business in the U.S. and sells the product for soda carbonation, food processing, and industrial uses.
According to Fortune Business Insights, In 2023, the global specialty chemicals market was valued at USD 627.7 billion. It is expected to grow from USD 721.5 billion in 2024 to USD 1,063.4 billion by 2032, registering a compound annual growth rate (CAGR) of 5.0% during the 2024–2032 forecast period. Asia Pacific led the market in 2023, accounting for a dominant 52.31% share. The U.S. specialty chemicals market is also poised for substantial growth, with projections estimating it will reach USD 152.36 billion by 2032, fueled by rising demand for construction chemicals amid increased investments in infrastructure development.
Leading Companies
Major industry players include:
Solvay AG, Evonik Industries AG, BASF SE, Clariant AG
Others: Huntsman, LANXESS, Clariant, The Lubrizol Corporation, Croda International, Kemira, Akzo Nobel, Albemarle, SASOL, DuPont
These companies prioritize innovation, sustainability, and strategic acquisitions
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Key Highlights:
Significant regional dominance of Asia Pacific, which accounted for approximately 52.3 % of market share in 2023 .
Rapid growth in the U.S. specialty chemicals market , expected to reach USD 152.4 billion by 2032 , propelled by infrastructure investments .
Market Drivers and Trends
1. End-Use Industry Demand
Personal care and industrial/institutional cleaners surged post-pandemic, as global hygiene norms accelerated demand
Strong growth in agrochemicals , which represent nearly 1/8th of the market and are poised to be the fastest-growing segment through 2032
Increased demand in construction , automotive , electronics , and water treatment sectors
2. Technological & Sustainability Innovations
Adoption of AI, Industry 4.0 , digitalization, and big data is optimizing formulations and production processes
Shift toward bio-based, sustainable, and eco-friendly chemicals , driven by regulatory pressures and consumer awareness
3. Strategic M&A and Collaborations
Notable acquisitions: Huntsman acquired Gabriel Performance Products (Jan 2021), and LANXESS partnered with INTACE SAS to expand antimicrobial offerings
Industry leaders leverage M&A to diversify portfolios and enter new market niches .
Market Segmentation
By Type
Agrochemicals: Leading segment with fastest growth
Other categories include dyes & pigments, construction chemicals, specialty polymers, textile chemicals, surfactants, functional ingredients, water treatment, and more
By Application
Widespread use in industries such as textiles, oil & gas, inks, construction, food, and cosmetics
Significant uptake in personal care, cleaners, and building & infrastructure.
Regional Insights
Asia Pacific : Largest market with over half of global share (~52%) in 2023, driven by production hubs in China and India
North America (U.S.) : Rapidly growing due to infrastructure investments and strong demand in construction chemicals
Europe : Focus on sustainable solutions; growth in eco-friendly water treatment chemicals
Middle East & Africa, Latin America : Emerging markets fueled by infrastructure and oil & gas demands .
Market Outlook & Opportunities
Forecast & Projections
Market projected to exceed USD 1 trillion by 2032 .
Some estimates (Grand View Research) suggest the market could reach USD 914 billion by 2030 , with a CAGR of 5.2% from 2024–2030
Information Source: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517
Growth Opportunities
Sustainable chemicals , bio-based formulations , and smart production (AI-driven) is opening new horizons.
Infrastructure and urbanization in emerging economies will require more structural and specialty chemicals.
Regulatory trends favoring greener chemistry will boost R&D and compliance-driven growth.
Graphene is transitioning from an emerging lab-stage material into a rapidly maturing industrial commodity. With its unique properties—mechanical strength, electrical/thermal conductivity, barrier features—it is finding use across electronics, energy, composites, infrastructure, and health sectors. The market's exponential growth hinges on reducing production costs, improving quality standards, and scaling manufacturing. As these areas evolve, graphene stands poised to become a cornerstone of next-generation technologies.
According to Fortune Business Insights, The global graphene market size was valued at USD 694.0 million in 2024. The market is projected to grow from USD 941.1 million in 2025 to USD 8,329.9 million by 2032, exhibiting a CAGR of 36.5% during the forecast period. Asia Pacific dominated the graphene market with a market share of 28.76% in 2024.
Graphene is a carbon allotrope made up of a monolayer of atoms arranged in a 2D honeycomb lattice nanostructure. Increasing number of R&D activities for sensors made from graphene is expected to drive the market growth. With high thermal and electrical conductivity, there has been an increase in demand for the product. Fortune Business Insights ™ shares this information in its report titled “ Graphene Market, 2025-2032. ”
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Segments
GNP to Lead Due to Demand from Aerospace and Automotive Industries
On the basis of product, the market is segmented into Graphene Oxide (GO), Graphene Nanoplatelets (GNP), and others. Graphene Nanoplatelets (GNP) held the majority part in 2022 owing to increasing demand for lightweight composite materials in the aerospace and automotive industries. Several R&D activities are being performed to commercialize GNP production. Graphene Oxide (GO) is also expected to show a significant growth due to growing demand for nanotechnology in the electronics and semiconductor industries.
Aerospace & Defense Segment to Lead as the Product is Used to Improve the Functionality of Coatings
Based on end-use industry, the market is segmented into electronics, aerospace & defense, automotive, energy, and others. Graphene in the aerospace industry is used to improve the functionality of coatings and composites used in planes, drones, helicopters, and spaceship manufacturing. The automotive industry also requires improvement in vehicle dimensional stability.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Profiled in the Report
- Haydale Graphene Industries plc (U.K.)
- Graphenea (U.S.)
- ACS Material (U.S.)
- XG Sciences (U.S.)
- Global Graphene Group (U.S.)
- Applied Graphene Materials (U.K.)
- Grolltex Inc (U.S.)
- Directa Plus S.p.A (Italy)
- NanoXplore Inc. (Canada)
- Thomas Swan & Co. Ltd. (K.)
- First Graphene (Australia)
- Talga Group (Australia)
- Graphite Central (U.S.)
Drivers and Restraints
Growing Penetration of the Product in the Electronics Industry to Drive Market Growth
Growing penetration of the product in the electronics industry is expected to drive the graphene market growth. The product is known for its high thermal and electrical conductivity and lightweight nature and it is used in electronics applications. Owing to its high mechanical resilience, it has the capability to take on higher voltages. This is likely to influence growth as industries are embracing a greater degree of electrification. It is one of the strong alternatives for indium tin oxide, which is used in touch screens of smartphones and tablet computers as a transparent conductor and electrode in OLEDs and solar cells.
However, negative environmental impact of the product is anticipated to hinder market development.
Regional Insights
Asia Pacific to Lead Market Due to the Presence of Large-scale Manufacturers and Consumers
Asia Pacific is also set to dominate the graphene market share during the forecast period due to favorable policies by the governments, academic research, and funding. The market was valued at USD 113.2 million in 2022 owing to the presence of large-scale manufacturers and consumers and the rise in production in various industries such as automobile, defense, marine, and aerospace.
North America is expected to have prominent growth due to high demand from aerospace and energy industries. Demand for eco-friendly, strong, efficient, and lightweight goods is also expected to drive market growth. There is increasing installation of GO in batteries and solar cells for better performance.
The Latin America market is anticipated to have a moderate growth due to demand from the automotive sectors for products such as graphene-based batteries in anti-crash systems, vehicles, tires, and more.
Competitive Landscape
Market Players are Competing with International and Regional Players with Extensive Distribution Networks
The key market players are Haydale Graphene Industries plc, NanoXplore Inc., Applied Graphene Materials, Graphenea, Directa Plus S.p.A, ACS Material, XG Sciences, Global Graphene Group, Grolltex Inc, and others. These players have been competing with international and regional players with extensive distribution networks, regulatory know-how, and suppliers. In July 2021, AGM launched a series of eco-friendly GNP dispersions enable coatings, paints, and composite material for developing sustainability in their various product formulations.
Information Source: https://www.fortunebusinessinsights.com/graphene-market-102930
Key Industry Development
- December 2023 - NanoXplore Inc. announced the successful commissioning of two anode material pilot lines, which will help the company achieve sustainable energy storage solutions.
- June 2022 - Graphenea and Grapheal joined forces to quicken the study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection.
Corrugated Board Packaging Market Global Expansion and Opportunities, 2025–2032
By ameliasss, 2025-07-08
According to Fortune Business Insights, The global corrugated board packaging market size is expected to display exceptional growth during the forecast period of 2024-2032. Corrugated board packaging is a versatile and budget-friendly method of packaging, safeguarding, and transporting a vast variety of products. There are several advantages of using these boards, such as lightweight nature, recyclability, and biodegradability, which make them a popular packaging item in many industries. This factor will play a key role in boosting the demand for this form of packaging, thereby accelerating the market’s growth.
Fortune Business Insights presents this information in a report titled " Corrugated Board Packaging Market, 2025-2032 ."
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Major Players Profiled in the Report:
Key players in the corrugated board packaging space are focusing on capacity expansion, mergers & acquisitions, and digital innovation. Major companies include:
- Mondi Group (U.K.)
- Smurfit Kappa (Ireland)
- Sealed Air Corporation (U.S.)
- Wertheimer Box Corp. (U.S.)
- Arabian Packaging Co. LLC (Dubai)
- Klingele Papierwerke GmbH & Co. KG (Germany)
- Pregis LLC (U.S.)
- DS Smith (U.K.)
- John Hargreaves (U.K.)
- IPS Packaging and Automation (U.S.)
- Hughes Enterprises (U.S.)
Segments:
By board type, the market is divided into single face corrugated board, single wall (double face) corrugated board, double wall corrugated board, and triple wall corrugated board.
By flute type, the market is segmented into A flute, B flute, C flute, E flute, F flute, BC flute, and EB flute.
By end-user, the market is segregated into food & beverage, personal care & cosmetics, e-commerce, electronics & electrical, healthcare, and others.
With respect to geography, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Emerging Trends
Automation & Smart Manufacturing : Companies are integrating AI, robotics, and machine learning into production lines, increasing speed and reducing waste.
Cold Chain & Heavy-Duty Corrugated Solutions : Growing demand for temperature-sensitive and industrial packaging.
Design Personalization : Custom printed packaging for brand identity and consumer engagement is increasingly common.
Plastic Replacement Initiatives : Corrugated trays, wraps, and containers are replacing rigid plastic in multiple industries.
Report Coverage:
The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading end-users, board types, flute types, and top market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.
Drivers:
Increasing Demand for Eco-Friendly Packaging Solutions to Fuel Market Growth
Customers are becoming increasingly conscious about their overall impact on the environment. This has increased their preference for eco-friendly packaging products to reduce their carbon footprint. Moreover, the ever-expanding food & beverage industry is also fueling the adoption of corrugated board packaging products to safely transport food products without compromising on their quality and freshness.
However, low mechanical strength and endurance do not make these products suitable for packing heavy items, which can impede their demand.
Regional Insights
North America Leads Global Market Growth Due to Increasing Sales of Consumer Electronics
North America is dominating the global corrugated board packaging market share as the region is witnessing high sales of consumer electronics, such as smartphones and laptops. Rapid urbanization and digitization are some of the key factors bolstering the sales of these products, which will positively impact the demand for corrugated board packaging solutions.
Asia Pacific is recording the fastest growth due to rising eco-consciousness and growing demand for sustainable packaging solutions.
Europe will also witness steady growth due to major advancements in the electronics industry and robust demand for processed foods.
Latin America and the Middle East & Africa will showcase moderate progress due to the growing need for corrugated boards with plastic coatings, lightweight flutes, and other features.
Future Outlook (2025–2032)
The corrugated board packaging market is expected to continue on a stable growth trajectory with key opportunities in:
Digital printing and customizable packaging
Integration with IoT and blockchain for smart logistics
Expansion in pharmaceutical and healthcare packaging
Biodegradable coatings to enhance moisture resistance
Information Source: https://www.fortunebusinessinsights.com/corrugated-board-packaging-market-108360
Key Industry Development
- September 2022 - Palm Group announced the acquisition of the family-owned corrugated board plant, Orsini Imballaggi. The acquisition increases the production capacities of Palm Group in Italy.
- May 2022 - Mondi announced an investment of USD 302 million to increase corrugated board and cardboard production. This investment helps to expand capacity and increase efficiency in the Czech Republic, Poland, Germany, and Turkey. Of this investment figure, USD 199 million includes its central and eastern European Corrugated Solutions plant network.
According to Fortune Business Insights, The global neopentyl glycol market size was valued at USD 1,327.7 million in 2024. The market is projected to grow from USD 1,407.1 million in 2025 to USD 2,219.1 million by 2032 at a CAGR of 6.7% during the forecast period. Asia Pacific dominated the neopentyl glycol market with a market share of 44.16% in 2024. Neopentyl glycol (NPG) is a versatile chemical in modern industry, prized for its role in producing high-performance coatings, resins, and plastics. This white, crystalline material offers excellent resistance to heat and oxidation, making it indispensable for crafting materials that must endure tough conditions.
Fortune Business Insights presents this information in their report titled " Neopentyl Glycol Market , 2025–2032."
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M ajor Players Profiled in the Report:
- POLIOLI S.p.A. (Italy)
- Gantrade Corporation (U.S.)
- LG Chem (South Korea)
- Eastman Chemical Company (U.S.)
- BASF SE (Germany)
- MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan)
- Perstorp (Sweden)
- Hefei TNJ Chemical Industry Co., Ltd. (China)
- Oleon Health and Beauty (Belgium)
- OQ Chemicals GmbH (Germany)
Segments:
In terms of form, the market is classified into slurry, flakes, and molten. The flakes segment commands a substantial neopentyl glycol market share due to rising requirements for premium adhesives and sealants in the automotive and construction industries. Flakes meet these demands with exceptional thermal stability and environmental resistance. Their high purity, easy storage, and efficient handling make them a go-to choice for industrial applications. Moreover, construction firms leverage these flakes for producing powder coatings, valued for their environmental benefits and tough, aesthetically pleasing finishes for building exteriors.
On the basis of the end-use industry, the market is divided into paints & coatings, construction, plastics, textiles, automotive, and others. The automotive segment takes center stage in the market due to the rapid adoption of superior coatings and sturdy plastic components. Neopentyl glycol enhances automotive coatings by boosting gloss, durability, and resistance to environmental challenges, such as UV rays, temperature fluctuations, and mechanical wear, ensuring vehicles retain their appeal over time. As the industry shifts toward lightweight designs to improve fuel economy and reduce emissions, NPG plays a crucial role in advanced composites, enabling efficient vehicle construction without sacrificing safety or durability. With an emphasis on sustainable solutions, the automotive sector’s increasing adoption of NPG is likely to drive future market growth.
From the regional ground, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Report Coverage
The thorough market research report explores important topics, such as the distribution channels, prominent product types, and the competitive environment. The report offers insightful information about current market trends and noteworthy developments in the field. It also comprises different aspects that have assisted in the recent market growth. The study provides a comprehensive analysis of these variables, providing an overall picture of the market's current and future potential. Stakeholders can use this information to create successful strategies and make well-informed decisions.
Drivers
Increasing Production of Polyurethanes and Polyesters to Foster Market Growth
Neopentyl glycol serves as a fundamental ingredient in the production of polyurethanes and polyesters, which are utilized in furniture finishes, automotive coatings, and adhesives. Its molecular structure ensures enhanced durability, extending the lifespan and reliability of these products. Neol Neopentyl Glycol Pure Liquid ZeroPCF_EU, Cradle-to-Gate: With bio-based feedstocks integrated into the value chain through the Mass Balance Chain of Custody, the product boasts a carbon footprint of <0 kgCO2e/kg, represented as 0 kgCO2e/kg of product (carbon-neutral). Additionally, a biogenic uptake of 2.1 kgCO2e/kg contributes to this eco-friendly footprint. All these factors are augmenting the neopentyl glycol market growth.
Regional Insights
Increased Urbanization and Industrialization Fuels Market Growth in Asia Pacific
Asia Pacific dominates the global market due to increased urbanization and industrialization in India, China, and Southeast Asian nations. Growing usage of neopentyl glycol for manufacturing coatings, plasticizers, lubricants, and paints is driving market expansion in the region.
Competitive Landscape
Major Producers Expand Their Production Capacities to Remain Competitive in the Market
Key players implement strategies, including mergers, partnerships, joint ventures, and collaborations, to increase their market presence. Top producers are focusing on expanding their production capacities to remain competitive in the market. Leading companies are highly investing in R&D to increase their product offerings. Competitors in the industry must offer affordable products to grow and thrive in the market.
Information Source: https://www.fortunebusinessinsights.com/neopentyl-glycol-market-110106
Key Industry Developments
- July 2023 : Zhejiang Guanghua Technology Co., Ltd. and BASF entered a letter of intent to provide Neopentyl glycol from the Zhanjiang Verbund site to KHUA. This collaboration will help BASF cater to the increasing demand for low-emission powder coatings in the Asia Pacific region and China.
- October 2022: BASF invested in a new Neopentyl glycol in China with a production capacity of 80,000 metric tons. The new plant will boost BASF’s Neopentyl glycol capacity to 335,000 metric tons annually. The new plant will mainly cater to the growing demand for powder coatings in China.
According to Fortune Business Insights, The Flexible Foam Market is witnessing remarkable growth, driven by increasing demand from key industries such as automotive, furniture & bedding, packaging, and consumer goods. Flexible foams are polymer-based materials made up of hydrocarbon chains and organic functional groups. These foams offer a range of beneficial properties such as flexibility, insulation, lightweight structure, durability, shock absorption, and long-lasting performance. Due to these attributes, flexible foams are widely used across various applications including thermal insulation, furniture and bedding, and automotive interiors and seating. In the construction industry, they find applications in pipeline insulation, slab filling, door and roof paneling, and forging support. Additionally, the rising demand in the packaging sector is expected to further fuel the growth of the flexible foam market.
What is Flexible Foam?
Flexible foam is a polymer-based material known for its lightweight, cushioning, and insulating properties. It is commonly manufactured using polyurethane (PU), polyethylene (PE), and polypropylene (PP). The most widespread applications include mattresses, car seats, soundproofing, packaging, and textiles.
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Key Players Covered:
The global flexible foam market consists of global & regional players operating. Some of the key players in the market include BASF, Covestro AG, Zotefoams plc., Mitsui Chemicals, Huntsman International, JSP, Dow Chemical Company, Recticel, Ube Industries and others .
The growing demand for flexible foams across diverse end-use industries—including automotive, building & construction, consumer goods, and packaging—is expected to significantly drive market growth. In the automotive sector, the increasing use of flexible foam is fueled by its superior performance characteristics and aesthetic versatility, enhancing both comfort and design. Moreover, the rising adoption of flexible foam in construction applications, aimed at improving energy efficiency and reducing energy consumption in buildings, is projected to further propel market expansion.
Key Market Drivers
1. Growing Demand in Furniture & Bedding
The furniture and bedding industry remains the largest consumer of flexible foam. Rising urbanization, evolving lifestyle trends, and consumer preference for ergonomic and luxurious furniture are key contributors to the market's growth.
2. Booming Automotive Sector
Flexible foam is widely used in automotive interiors , such as seating, headliners, and insulation. The rise in global vehicle production and increasing focus on lightweight materials to improve fuel efficiency are propelling demand.
3. Expansion in E-commerce Packaging
With the explosion of e-commerce and online shopping , packaging materials like flexible foam are in high demand due to their shock absorption and protective qualities .
4. Sustainability and Innovation
Manufacturers are focusing on bio-based flexible foams , recyclable materials , and low-emission production processes , aligning with global sustainability goals.
Market Segmentation
By Type:
- Polyurethane (PU) Foam
- Polyethylene (PE) Foam
- Polypropylene (PP) Foam
- Others (Silicone, PVC, etc.)
By End-Use Industry:
- Furniture & Bedding
- Automotive
- Packaging
- Construction
- Consumer Goods
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Insights
Asia Pacific – The Growth Leader
Asia Pacific is expected to hold the largest share of the flexible foam market during 2025–2032, led by China, India, and Southeast Asian economies. Rapid industrialization, rising construction activity, and increasing automotive demand are fueling market expansion.
North America & Europe – Focus on Sustainability
Regions like North America and Europe are focusing on eco-friendly foams , driven by strict environmental regulations and innovation in recycling technologies.
Market Challenges
- Volatility in Raw Material Prices
- Environmental Regulations
- Limited Recycling Infrastructure
Despite these challenges, innovations in bio-based foams and advanced recycling methods are expected to mitigate long-term risks.
Future Outlook (2025–2032)
The future of the flexible foam market looks promising, with strong growth projected across multiple sectors. Trends such as smart foam materials , customized furniture , automotive electrification , and eco-conscious packaging solutions will redefine the industry.
Information Source: https://www.fortunebusinessinsights.com/flexible-foam-market-105321
Key Highlights:
- Market Size in 2024: USD 43.2 Billion
- Forecast for 2032: USD 67.1 Billion
- CAGR: 5.7% (2025–2032)
The Flexible Foam Market is on a solid upward trajectory with increasing demand across industries and a growing shift toward sustainable and recyclable foam solutions . Market players who embrace green innovation , advanced manufacturing , and strategic regional expansion are likely to gain a competitive advantage in the years ahead.
Flexible Foam Industry Developments
- In March 2021, a leading manufacturer of polymers Covestro, developed a process for recycling flexible foams made of Polyurethanes.
- In September 2018, BASF developed world’s first particle foam based on polyethersulfone. The prototypes are claimed to hold combination of properties like temperature resistance, stiffness, strength, and intrinsic flame retarding properties.
Liquid Packaging Carton Market Rising at CAGR of 4.72%, Key Opportunities Ahead 2025–2032
By ameliasss, 2025-07-07
According to Fortune Business Insights, The global liquid packaging carton market size was valued at USD 28.03 billion in 2024. The market growth is projected to be USD 29.51 billion in 2025 to USD 40.76 billion by 2032, exhibiting a CAGR of 4.72% during the forecast period.
Liquid packaging cartons are mainly designed for the distribution and packaging of products, such as juices, milk, nectars, soups, fruit-flavored still drinks, and other beverages. The material used for the manufacturing of these cartons is chosen due to its ability to protect products from air, contaminants, light, and moisture. The recyclable nature of the liquid packaging cartons is driving the market growth. The material used for the production of these layers is often chosen for its ability to protect the products from external factors, such as air, contaminants, moisture, and light. Liquid cartons are known for providing excellent protection that preserves the freshness and flavor of liquid contents.
Fortune Business Insights™ mentioned this in a report titled, “ Liquid Packaging Carton Market, 2025-2032 .”
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List of Key Players Present in the Report :
- Tetra Pak International S.A. (Switzerland)
- Elopak AS (Norway)
- SIG Combibloc Group AG (Switzerland)
- Oji Holdings Corporation (Italy)
- Nippon Paper Industries Co. Ltd. (Japan)
- Adam Pack S.A. (Greece)
- Stora Enso Oyj (Finland)
- B. Fuller Company (U.S.)
- LAMI PACKAGING CO., LTD. (China)
- Weyerhaeuser Company (U.S.)
- Smurfit Kappa Group plc (Ireland)
- Greatview Aseptic Packaging Co. Ltd. (China)
- TidePak Aseptic Packaging Material Co. Ltd. (China)
- Lami Packaging (Kunshan) Co. Ltd. (China)
Segments
Easy Stacking to Boost Brick Liquid Cartons Segment Growth
By type, the market is segmented into brick liquid cartons, gable top liquid cartons, and shaped liquid cartons. The brick liquid cartons segment holds the largest liquid packaging carton market share and is anticipated to grow during the forecast period. The segment’s growth is attributed to their uniform shape of these cartons, which allows easy stacking and efficient shipping.
Growing Consumer Preferences to Boost Long Term Cartons Segment Expansion
Based on shelf life, the market is segmented into short term shelf life and long term shelf life. The long term shelf life segment dominated the market. The segment’s growth is attributed to the growing consumer preferences and sustainability in the packaging industry, as these cartons offer long shelf life.
Low Cost of Liquid Cartons Propels Dairy Products Segment Growth
By application, the market is categorized into dairy products, wine and spirits, juices and drinks, and others. The dairy products segment dominates the market globally owing to the low cost of liquid cartons that helps dairy brands maintain competitive pricing in the market.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Rising Demand for Sustainable Packaging Solutions to Boost Market Growth
The increasing demand for sustainable packaging solutions and the rising research and development activities in the industry toward achieving sustainability goals drives the liquid packaging carton market growth. The ease of recycling makes the liquid packaging cartons an attractive choice for environmentally conscious customers.
However, highly acidic products or products having specific requirements related to protection and shelf life may not go with liquid carton packaging, further impeding the market expansion.
Regional Insights
Rising Demand from Food & Beverage, Dairy, and Still Drinks Industries to Propel Market Expansion in Asia Pacific
Asia Pacific holds the largest market share. The growth is attributed to the increasing dairy, beverage, food, and still drinks industries in the region, which is driving the market growth.
North America is the second dominating region in the market. The growth is attributed to the rising dairy market, the presence of significant market players, and the leading consumer products industry in the region.
Competitive Landscape
Key Players Offering Innovative Packaging to Propel Market Growth
The liquid packaging carton market comprises key players, such as Tetra Pak International S.A., Elopak AS, SIG Combibloc Group AG, IPI S.r.l., Nippon Paper Industries Co. Ltd., and others. The innovative packaging offered by these key players in the packaging industry drives the market growth.
Information Source: https://www.fortunebusinessinsights.com/liquid-packaging-carton-market-105282
Key Industry Development
- October 2023 – SIG announced the launch of the uniquely different on-the-go carton bottle SIG DomeMini. The small-size carton pack offers all the convenience of a plastic bottle and the sustainability benefits of a carton pack.
- September 2023 – LUORO, the first company to launch a mouthwash product in Elopack’s D-PAK™ cartons, has expanded its Paperdent range, its sustainable dental care range.
Cold-formed Steel Market Size Growth Driven by Urban Infrastructure, 2025-2032
By ameliasss, 2025-07-04
According to Fortune Business Insights, The global cold-formed steel market size is anticipated to grow at a healthy CAGR during the forecast period. Cold-formed steel, also known as light gauge steel, is primarily manufactured from steel plates, sheets, and strips. It offers several advantages, including ease of fabrication, transportation, and installation.
Cold-framed steel is commonly used for construction purposes. These cold-framed are mostly made up of sheets, steel plates, and strip materials. Its advantages such as easy to transport, fabricate and install. Its lighter weight, stiffness, and high strength are key properties boosting its demand and adoption. Steel is the most commonly used material for construction purposes. There are thousands of grades of steel, and there is various technology for the manufacturing of steel. One of the essential types of steel which are commonly used for construction purposes is called cold-framed steel.
Fortune Business Insights presents this information in its report titled "Cold-formed Steel Market, 2025-2032."
Request Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cold-formed-steel-market-100983
The Report Lists the Key Players Profiled in the Market Report:
- HBIS Group (China)
- AK Steel Corporation (U.S.)
- ArcelorMittal (Luxembourg)
- Nippon Steel & Sumitomo Metal Corporation (Japan)
- Baosteel (China)
- POSCO (South Korea)
- Nucor Corporation (U.S.)
- Steel Dynamic Inc. (U.S.)
- JSW steel (India)
- Shagang Group (China)
Market Segments:
Based on segment type, the market is classified into structural shapes, panels & decks.
On the basis of technology, the market is split into roll forming, folding, and press banking.
According to the application, the market is segmented into building & construction (residential & non-residential), automotive, industrial equipment, and others.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints :
Need for High-Strength Materials to Drive Market Forward
Cold-formed steel's properties are resistance to fire, wear and corrosion, moisture, and energy-efficient. They are also called light gauges and are made from sheets, strip materials, and steel plates.
The material's advantages are that it is easy to transport, fabricate and install. These factors and properties are anticipated to increase the demand in the market and elevate growth.
The cold-formed steel material is in high demand in the U.S. as the material appears to be earthquake-proof. Also, it’s lightweight and can bear the high magnitude of an earthquake is the reason for to growth of the market.
The demand for the product is not limited to the construction and building sector, but it has high demand in the industrial and automotive sectors.
Regional Insights :
Increasing Infrastructure Activities to Boost Asia Pacific Market Growth
Asia Pacific is expected to dominate the market with the increase in the growth in building and population and construction activities such as warehouses, bridges, and buildings. The main reason for the material is increasing because of the government's growing interest in infrastructure.
North America holds the second-largest share as the U.S. is the leading manufacturer of cold-formed steel. Surging construction activities in the U.S. is the reason for the cold-formed steel market growth.
In the Middle East & Africa, the growing demand for construction and buildings due to the 2022 football World Cup is expected to grow the cold-formed steel market share.
In Europe, with the development in the construction and automotive industry, the requirement for cold-formed steel is massive.
Competitive Landscape
Innovative Launch Operations by Key Players to Boost Market Growth
Players in the market have launched new techniques in the market to boost the market growth with their solutions and to elevate the competition in the market. It includes the launching of new patterns, such as investments, and the launch of new and advanced products in the market. Companies have been applying new plans such as partnerships and mergers to support their position in the market.
Cold-formed steel can be fabricated with high accuracy in a plant and then assembled on job sites, which significantly increases erection efficiency and ensures construction quality. Also, very less manpower is required for construction; it is a durable material, economy in transportation and handling and recyclable in nature.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/cold-formed-steel-market-100983
Notable Industry Development:
- December 2022- Recently, the Finance Ministry removed the 15% export tax it had previously imposed on a number of steel goods in an effort to increase supply on the domestic market and control pricing. The people involved in the steel sector are greatly relieved by this. Furthermore, the tax on high-grade iron ore has been reduced from 50% to 30% while being fully eliminated for lower grades with iron contents below 58%.
