According to Fortune Business Insights the global masterbatch market size was valued at USD 10.99 billion in 2018 and is projected to reach USD 16.35 billion by 2026, exhibiting a CAGR of 5.3% during the forecast period. A solid or liquid ingredient called a masterbatch is used to paint or impart certain qualities to polymers. Plastic objects are given colour or shade using coloured masterbatch. Properties like energy, effect, UV stabiliser, biodegradable, antioxidant, and others can be communicated using them. The ideal product would be a mixture of pigment, additives, and carrier resin that has been heated, cooled, and then chopped into granular form. During the production of plastics, it aids the processor in efficiently colouring raw polymer.

This information is presented by   Fortune Business Insights , in its report titled, “ Masterbatch Market, 2025-2032 .”

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Segmentation:

Color Segment to Dominate Market During Forecast Period

Based on type, the market is classified into white, black, color, additive, and fillers. The white segment held the major share of the market. 

Polyethylene to be Leading Segment Over Forecast Period

In terms of application, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others.

Packaging Segment to Account for Major Share Over Forecast Period

In terms of end-use, the market is segmented into packaging, building & construction, consumer good, automotive, agriculture, and others. The packaging segment accounts for the major share in the forecast timeframe.

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

Report Coverage:

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the masterbatch market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

Drivers and Restraints:

Market Growth is Being Driven by the Plastic Packaging Industry

High growth was seen in the plastic packaging sector, and there was a steady transition to new retail formats. Growing sales rates encourage organised retail expansion as well, driving up demand for inventive and appealing packaging. One of the retail industry's fastest-growing segments is food and beverage. Growth in this industry is probably going to encourage the usage of packaging, as plastic packaging improves food quality and increases shelf life. Packaged food is projected to be a rapidly expanding segment. Along with food and drink, pharmaceuticals are another industry that heavily utilises packaging. It is projected that the pharmaceutical business will experience double-digit expansion.

List of Masterbatches Market Manufacturers include:

• Ampacet Corporation
• PolyOne
• PLASTIKA KRITIS S.A.
• Hubron International
• Penn Color Inc.
• Clariant
• Schulman, Inc.
• Cabot Corporation
• Plastiblends
• Tosaf
• Other Players

Major Industry Developments of the Market include:

February 2019 –   PLA masterbatches were launched by Viba, a masterbatch producer in Italy. It is a range of color concentrating additives or combining masterbatches based on a PLA carrier material and optimized for various processing technologies.

December 2019 –   Clariant Color and Masterbatches Additives Company were acquired by PolyOne Corporation for introducing specialized technology and solutions to the end-user market for apparel, packaging, and healthcare.

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Acording to Fortune Business Insights the India metal forging market size was valued at USD 4.43 billion in 2022 and is expected to grow from USD 5.08 billion in 2023 to USD 9.75 billion by 2030, exhibiting a CAGR of 9.8% during the forecast period. The India metal forging market is experiencing robust growth driven by rising demand from the automotive, aerospace, defense, and construction sectors. Forging, a manufacturing process involving the shaping of metal using localized compressive forces, is a critical component in producing high-strength and durable metal parts.

Forging is a metal forming process that uses compressive forces like hammering, rolling, or pressing to shape materials under controlled conditions. Evolving with advanced techniques, it produces high-strength components from materials such as alloy steel, stainless steel, and aluminum alloys in various shapes, sizes, and finishes.

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India Metal Forging Market Segmentation:

By Material:
The market is segmented into carbon steel, alloy steel, stainless steel, aluminum, magnesium, titanium, and others.   Carbon steel dominates the market due to its strength, machinability, cost-effectiveness, and widespread use in automotive parts like crankshafts and control arms.

By Technique:
Divided into closed die, open die, and ring forging.   Closed die forging leads the segment, driven by its precision, consistency, and suitability for complex components requiring tight tolerances.

By Installation Capacity:
Segmented into small (100–12,500 MT), medium (12,500–30,000 MT), and heavy (above 30,000 MT).   Small capacity units hold the largest share, widely used for producing automotive parts such as yoke ends and connecting rods.

Competitive Landscape:

The India metal forging market is moderately fragmented with a mix of large players and numerous small and medium enterprises (SMEs). Key players focus on expanding capacity, technology adoption, and overseas expansion.

List of the Key Players in the India Metal Forging Market:

• Bharat Forge Limited (India)
• CIE Automotive India (India)
• MM Forging LTD (India)
• Amtek Group (India)
• CHW Forge PVT. Ltd. (India)
• Bill Forge Private Limited (India)
• Western India Forgings Pvt. Ltd. (India)
• Unique Forging PVT. LTD. (India)
• Chennai Forge Products PVT. LTD (India)
• RAMKRISHNA FORGINGS LIMITED (India)

Key Market Drivers:

• Rising Automotive Production:   India's expanding automobile sector continues to be a major consumer of forged components, especially crankshafts, connecting rods, and transmission parts.
• Government Infrastructure Push:   Investment in highways, railways, and defense equipment boosts demand for forged parts.
• Shift to Renewable Energy:   Wind turbines and related components are driving new demand.
• Export Opportunities:   India is becoming a key exporter of forged products to North America, Europe, and Southeast Asia.
• Technological Advancements:   Adoption of closed-die forging, 3D simulations, and process automation enhances productivity and efficiency.

Key Industry Developments:

May 2022   – Mahindra & Mahindra entered into a partnership with Volkswagen to explore the integration of Volkswagen’s electric vehicle components—such as motors, battery systems, and cells—into Mahindra’s EVs. The collaboration aims to accelerate growth in the electric mobility segment.

May 2022   – Ramkrishna Forgings Limited secured a multi-year contract valued at USD 13.5 million annually from a leading U.S.-based manufacturer of chassis-related systems and components for trailers, trucks, and buses.

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The global water purifier market size was valued at USD 35.01 billion in 2024. The market is projected to grow from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.  Fortune Business Insights™   has delved into these insights in its latest research report, titled, “ Water Purifier Market ,   2025-2032 . According to the analysis, commercial and residential sectors are likely to be the major recipients of water purification technology. Industry players expect RO and UV filters to be sought-after across end-use applications.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Water Purifier Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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Water Purifier Market Segmentation Analysis:

By Product Type:
The market is divided into point-of-use and point-of-entry filters. Point-of-use filters held the largest share in 2024 due to their compact design and suitability for light use. Among these, countertop filters contributed significantly to revenue.

By Category:
RO filters dominated the market in 2024. They effectively remove up to 99% of contaminants and are widely used for purifying hard water. However, they may also filter out essential minerals, affecting water taste.

By Application:
The residential segment led the market in 2024, driven by high domestic water usage for cooking, cleaning, and bathing. Growth is expected to continue with the rising residential population.

Report Coverage:

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

List of the Key Players in the Water Purifier Market:

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

Regional Insights:

Heightened Awareness about Waterborne Diseases to Encourage Investment in Asia Pacific

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

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

Competitive Landscape:

Leading Players Invest in Organic and Inorganic Strategies to Expand Footprint

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

Key Industry Development:

• 
  

  November 2022   – Culligan International merged with Waterlogic Group Holding to form   Culligan , establishing a global leader in clean and sustainable drinking water solutions.

• 
  

  August 2022   – LG Electronics introduced its latest water purification system, the   PuriCare Self-Service Tankless Water Purifier , in Malaysia. The new model features user-replaceable filters, offering enhanced convenience and maintenance.

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According to Fortune Business Insights the global   cathode materials market   size was valued at USD 38.47 billion in 2024. The market is projected to grow from USD 44.78 billion in 2025 to USD 135.73 billion by 2032 at a CAGR of 17.2% during the forecast period. The report is compiled by Fortune Business Insights with an intent of presenting a 360-degree overview of the global cathode materials market. The analysis reveals key growth strategies adopted by the leading players, and their impact on the overall market. Besides gauging investment feasibility across various regions, the report segments the global cathode materials market in terms of various criteria.

The cathode in a battery is composed of cathode materials that function as effective oxidizing agents. Common materials used in cathodes include metallic oxides such as copper oxide, lithium oxide, and graphite oxide. Lithium manganese oxide (LMO) is widely used in lithium-ion batteries, while polyanionic compounds serve as electrode materials in sodium-ion batteries due to their high stability, enhanced safety, and appropriate operating voltages.

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Cathode Materials Market Segmentation Analysis:

By Battery Type:
The market is segmented into lithium-ion batteries (including LFP, NMC, NCA, and others), lead-acid batteries, and others. In 2024, lithium-ion batteries dominated the market due to their high energy density and widespread use in electric vehicles (EVs). The rising adoption of EVs is expected to drive further growth of this segment, as cathode materials play a key role in determining battery performance.

By End Use:
The automotive segment led the market in 2024, driven by the growing shift toward EVs and supportive government initiatives like India’s FAME II scheme. Consumer electronics is another key segment, fueled by rising demand for smartphones and compact devices. Advancements in battery technology and the critical role of cathode materials in improving battery life and performance are boosting demand in this segment.

List of the Key Players in the Water Purifier Market:

• LG Chem (South Korea)
• NEI Corporation (U.S.)
• Nippon Denko Co., Ltd. (Japan)
• POSCO (South Korea)
• Shanshan Co (China)
• Shenzhen Dynanonic Co., Ltd. (China)
• Sumitomo Metal Mining Co., Ltd. (Japan)
• Targray (Canada)
• Umicore (Belgium)
• Zhejiang Huayou Cobalt (China)

What are the New Additions in Water Purifier Market Report?

Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

Competitors Landscape:

The realm of Water Purifier 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:

• 
  

  July 2024 : LOHUM, India’s sole producer of Nickel Manganese Cobalt (NMC)-based cathode active materials, announced plans to expand its recycling capacity from 5 GWh to 30 GWh over the next three years.

• 
  

  December 2023 : Himadri Specialty Chemical revealed plans to set up a lithium iron phosphate (LFP) manufacturing facility in India in multiple phases over the next 5–6 years. The project, estimated at USD 130.4 million, will begin with Phase 1, targeting a production capacity of 40 kilotons.

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According to Fortune Business Insights the global resin market size was USD 593.94 billion in 2024. The market is projected to grow from USD 623.27 billion in 2025 to USD 875.41 billion by 2032 at a CAGR of 5.0% during the forecast period. Resin is typically a solid or highly viscous material that can be sourced naturally from plants or produced synthetically in laboratories. In nature, plants generate resins either as part of their normal growth or as a response to injury. In industrial settings, various manufacturing processes are employed to produce resinous materials and convert them into end-use products. Growing demand from a wide range of end-use industries is driving the expansion of the resin market.

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

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Industrial Wax Market Segmentation Analysis:

By Type:
The market is segmented into polyethylene, polypropylene, PET, PVC, ABS, polyamide, polycarbonate, polyurethane, polystyrene, and others. Polyethylene dominated the market due to its extensive use in packaging and automotive applications. Its moldability, impact resistance, and electrical insulation properties make it ideal for industries like healthcare and pharmaceuticals. The segment is expected to witness strong growth through the forecast period.

By End-use Industry:
The end-use segments include packaging, automotive & transportation, building & construction, consumer goods, electrical & electronics, agriculture, and others. Packaging held the largest market share in 2024, driven by growing demand across food & beverage, electronics, and consumer goods sectors. The building & construction segment also contributed significantly, supported by rising urbanization, infrastructure projects, and the use of resins in flooring, pipes, roofing, and adhesives.

Drivers & Restraints:

Digital Transformation and Changing Consumer Preferences Drive Growth in Plastic Packaging Demand

Pharmaceutical and electrical & electronics industries have embraced digital platforms to enhance customer support, service, and product sales, contributing to the increased demand for plastic packaging. Simultaneously, the food & beverage sector favors flexible packaging, driven by the growing popularity of convenience foods such as frozen and ready-to-eat meals. These developments are anticipated to propel the packaging solutions market, leading to a surge in demand for plastic packaging materials.

On the contrary, fluctuation in oil prices may stifle the resin market growth.

Regional Insights

Asia Pacific Leads Plastic Market, with China and India as Key Contributors

Asia Pacific emerged as the frontrunner recording a market value of USD 268.20 billion in 2022. This dominant position is expected to be sustained in the coming years, primarily driven by the presence of major plastic-producing and consuming nations such as China and India.

In Europe, the market growth for resin is predominantly fueled by the automotive industry's escalating demand for plastics. The increasing consumption of plastics in automotive applications has become a significant factor driving the plastic market's expansion in the region.

Competitive Landscape

Fragmented Competitive Landscape Drives Expansion of High-Performance Polymers Market

The market’s competitive landscape for high-performance polymers and compounds is characterized by fragmentation, with multiple key players vying for the resin market share. These players are actively expanding their production capabilities to cater to the growing demand and enhance their regional presence.

Key Industry Development: 

• August 2022 -   Ashland, a global additive and specialty chemicals manufacturing company, declared a strategically important expansion of Viatel, a bioresorbable polymer manufacturing and R&D site at the National Science Park in Mullingar, Ireland.

List of Key Players Profiled in the Market Report:

• DuPont (U.S.)
• Arkema (France)
• BASF SE (Germany)
• INEOS Holdings Ltd. (U.K.)
• Hexion (U.S.)
• Invista (U.S.)
• LyondellBasell (Netherlands)
• Mitsubishi Engineering-Plastics Corporation (Japan)
• Mitsui Chemicals (Japan)
• Nova Chemicals (Canada)
• Repsol (Spain)
• Sumitomo Chemical Co. Ltd. (Japan)
• Teijin Limited (Japan)
• Tosoh Corporation (Japan)
• Toray Group (Japan)

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According to Fortune Business Insights the global industrial wax market size was USD 9,539.7 million in 2019 and is projected to reach USD 14,509.5 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. Industrial wax is an organic compound that remains solid at room temperature and becomes a free-flowing liquid when slightly heated. These characteristics make it a vital component in the production of candles, adhesives, additives, packaging materials, rubber products, cosmetics, and home care items. Industrial waxes can be derived from both bio-based sources and synthetic chemical processes.

The widespread use of industrial waxes is driven by their beneficial properties, including anti-caking, UV resistance, excellent insulation, moisture and odor control, and resistance to microbial growth. These attributes are expected to play a key role in driving market growth over the forecast period. Additionally, the expanding candles, food, packaging, and personal care industries are further fueling global demand for industrial wax.

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Industrial Wax Market Segmentation Analysis:

Rising Construction Sector in Asia-Pacific to Surge Demand

Among all the regions, Asia-Pacific is expected to hold the highest position in the global industrial wax market during the forecast period. This is attributable to the rising construction sector that propels the demand for industrial wax for hot-melt adhesives application. The region stood at USD 2,872.3 million in 2019.

The market in Europe is expected to experience significant growth owing to the increasing demand for industrial wax across candle manufacturing and automotive application in the region between 2020 and 2027.

Driving Factors:

Increasing Demand for Waxes by Food Packaging Sector to Augment Growth

The increasing population rate is propelling the consumption of food across the globe. This is leading to the rapid growth of the food packaging industry that is driving the demand for industrial wax as food additives and insulation packaging. In addition to this, the rising cosmetic industry is expected to boost the demand for waxes owing to their cost-effective wrapping methods that protect the products from humidity, greasing, and water. These factors are expected to boost the growth of the global industrial wax market in the forthcoming years.

Competitive Landscape:

Major Companies Focus on Facility Expansion to Strengthen Their Market Positions

The global industrial wax market is fragmented by the presence of major companies that are leveraging the opportunities to cater to the increasing demand for industrial wax by focusing on expanding their facilities. Adoption of strategies such as merger and acquisition, the introduction of new products, and collaboration to strengthen their market positions during the forecast period.

Industry Development:

• October 2020 –   Wax Lyrical has requested the Barrow Council to allow them to install two new tanks to produce hand sanitizer products. The expansion strategy by the company is aimed at boosting the manufacturing of the product to cater to the increasing demand globally.

List of the Companies Profiled in the Global Market for Industrial Wax:

• Sinopec (China)
• Exxon Mobil (U.S.)
• Oil Co. Lukoil PJSC (Russia)
• Sasol (South Africa)
• Royal Dutch Shell (Netherlands)
• Numaligarh Refinery (India)
• The Blayson Group (UK)
• International Group (Canada)
• HCI Wax (U.S.)
• Petrobras (Brazil)
• Calumet Specialty Products Partners L.P. (U.S.)
• Gandhar Oil (India)
• Other Key Players

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The Global Ethanol 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 Ethanol 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.

Ethanol, or ethyl alcohol, is a colorless chemical compound with a good taste and odor. A rise in product innovations to make it more sustainable and increasing product demand from beverages, fuel and fuel additives, and solvents are the key factors projected to fuel market growth over the projected period.

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

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Forecast Growth Projected:

The global ethanol market size was valued at USD 77.12 billion in 2023. The market is projected to grow from USD 71.79 billion in 2024 to USD 110.71 billion by 2032 at a CAGR of 4.6% during the forecast period.

Segments:

Growing Preference for the Renowned Method of Producing Synthetic Products Boosted Segment Growth

By type, the market is bifurcated into synthetic and biobased. The synthetic segment accounted for the larger ethanol market share due to the increasing preference for the renowned method of producing synthetic products by using petroleum-based raw materials.

Rapid Expansion of the Automotive Industry to Foster Fuel Segment Growth

In terms of application, the market is classified into fuel, industrial solvent, food & beverages, chemicals, and others. The fuel segment is set to lead the market during the forecast period with the rapid expansion of the automotive industry in the coming years.

From the regional ground, the market is classified into North America, Europe, Asia Pacific, Latin America, 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 into market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.

List of the Key Players in the Ethanol Market:

• Cremer Oleo GmbH Co.KG (Germany)
• Alto Ingredients (Ireland)
• AGRANA Beteiligungs-AG (Austria)
• Archer Daniels Midland Company (U.S.)
• Cardinal Ethanol LLC (U.S.)
• POET LLC (U.S.)
• Sekab (Sweden)
• Nordzucker (Germany)
• Green Plains Inc. (U.S.)
• Marquis Energy (U.S.)
• Tereos (France)

Drivers and Restraints:

Increased Demand for Bio-based Products Due to Growing Environmental Awareness to Boost Market Progress

Traditionally, ethanol is produced from petroleum-based raw materials. The production of goods from crude oil-based raw materials is associated with carbon emissions. This is creating difficulties in complying with environmental rules imposed by governments of various countries and international organizations. This has boosted product manufacturers' emphasis on research & development and production from renewable raw materials obtained from plant sources. Hence, an increase in the manufacturing of bio-based products due to growing environmental awareness is bolstering market expansion.

Regional Insights:

Rapidly Increasing Personal Care Industry Accelerated Market Growth in North America

North America held the largest market share and was valued at USD 41.39 billion in 2022. The rapid expansion of the personal care industry and surging demand for disinfectants to prevent the spread of the coronavirus are driving market growth in the region.

Latin America is the second-leading region in the market. The rising adoption of bio-ethanol as an alternative to fossil fuel-based petroleum in the automotive industry is catalyzing market growth in the region.

Competitive Landscape:

Cargill Corporation, Ace Ethanol LLC, Grain Processing Corporation, and Shree Renuka Sugars Ltd. are some of the top manufacturers in the market. Industry leaders are focused on product innovation, acquisitions, and mergers to gain a strong foothold in the market.

Key Industry Developments:
July 2024   – CF Industries Holdings, Inc., a leading global producer of hydrogen, nitrogen products, and ammonia, announced a partnership with POET LLC, one of the largest biofuel and sustainable bioproduct producers. Together, they are launching a pilot project to explore the use of low-carbon ammonia fertilizer in corn production. The initiative aims to reduce the carbon intensity of ethanol derived from corn, aligning with the growing demand for ethanol that meets increasingly stringent low-carbon fuel standards.

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According to Fortune Business Insights the global   polyurethane coatings market   size was valued at USD 55.58 billion in 2024. The market is projected to grow from USD 58.25 billion in 2025 to USD 81.06 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period. Polyurethane (PU) coatings are high-performance coatings known for their durability, chemical resistance, and aesthetic appeal. These coatings are widely used in various industries, including automotive, construction, furniture, and electronics.

The demand for polyurethane coatings is driven by their versatility and performance advantages over conventional coatings. With increasing urbanization, infrastructure development, and automotive production, the market is expected to witness steady growth worldwide. Polyurethane coating is a type of protective finish widely used in various industries for its durability, flexibility, and resistance to environmental factors. It is formed through a chemical reaction between polyols and isocyanates, resulting in a polymer that offers superior mechanical and chemical properties.

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Segmentation Analysis:

Drivers and Restraints

• Growing Demand in Construction and Automotive Sectors:  Rising construction activities and the need for protective and decorative coatings in infrastructure have significantly boosted the demand for polyurethane coatings. Similarly, the automotive industry uses PU coatings for their high gloss and corrosion resistance.
• Superior Performance Characteristics:  Polyurethane coatings offer excellent abrasion resistance, weatherability, flexibility, and chemical resistance, making them suitable for harsh environments and long-term applications.
• Rising Use in Wood and Furniture Finishing:  The wood and furniture industries rely on polyurethane coatings for finishes that enhance durability, moisture resistance, and aesthetic appeal.
• Environmental Concerns Related to Solvent-Based Formulations:  Many polyurethane coatings are solvent-based, raising concerns over VOC (volatile organic compound) emissions, which may lead to stricter regulations.
• High Raw Material Prices:  The cost of raw materials such as isocyanates and polyols can be volatile, potentially affecting profit margins for manufacturers.

Regional Analysis

Asia-Pacific dominated the polyurethane coatings market in 2024, driven by rapid industrialization, construction growth, and automotive production in China, India, and Southeast Asia. North America followed, with strong demand from the automotive and construction sectors and a growing shift to eco-friendly coatings. Europe showed steady growth, led by advanced technologies and sustainability initiatives. Meanwhile, Latin America and Middle East & Africa are emerging markets, supported by infrastructure development and expanding industrial sectors.

LIST OF KEY   POLYURETHANE COATINGS COMPANIES PROFILED

• AkzoNobel (Netherlands)
• Axalta Coating Systems (U.S.)
• Jotun (Norway)
• PPG Industries, Inc. (U.S.)
• RPM International Inc. (U.S.)
• The Sherwin-Williams Company (U.S.)
• Kansai Paint Co., Ltd. (India)
• DIC CORPORATION (Japan)
• Specialty Coating Systems Inc. (U.S.)
• Conpro Chemicals Private Limited (India)

KEY INDUSTRY DEVELOPMENTS

• March 2025:  BASF’s Coatings division expanded its production capacity for polyester and polyurethane resin at its Caojing plant in Shanghai, China, with a capacity of 18,800 metric tons per year.
• July 2024:  AkzoNobel has launched the Selva Pro range of 2K polyurethane and acrylic coatings systems for the professional and industrial woodworking community. The Selva Pro range comprises three systems and provides a complete spectrum of sheens from high gloss to dead flat, and offers limitless color possibilities for the most creative imaginations.

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The global rainscreen cladding market size was USD 10.09 billion in 2019 and is projected to reach USD 17.17 billion by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “ Rainscreen Cladding Market Size, Share & Industry Analysis, By Material (Composite Material, Metal, Terracotta, Fiber Cement, High Pressure Laminate, and Others), and By End-Use (Commercial, Residential, Institutional, and Industrial), and Regional Forecast, 2025-2032 ”.

A recent research study released by Oxford Economics and Global Construction Perspectives stated that global construction output value will reach USD 15.5 trillion by 2030, surging at a prolific 85% from current levels with the average year-on-year growth standing at 3.9%. According to the study, China, India, and the US will account for 57% of this rise, thereby driving the growth of the construction industry worldwide. Rainscreen claddings are vital components in a building as these materials provide a tough shield for the building’s exterior, protecting the inner layers from harsh weather agents and anomalies such as storms. Thus, expansion of construction activities across the globe will augur well for the growth of this market in the forthcoming years.

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Rainscreen Cladding Market Segmentation:

By Material:
The market is segmented into composite material, metal, terracotta, fiber cement, high-pressure laminate, and others. Composite material holds the largest share due to its low maintenance, high durability, and design flexibility. Its recyclability and aesthetic appeal make it a preferred choice in construction.

By End-Use:
Segments include commercial, residential, institutional, and industrial. Commercial is the leading segment, driven by rapid urbanization and growing demand for durable cladding in offices, shopping malls, hotels, hospitals, and other large-scale structures.

Market Restraint

Coronavirus Outbreak to Subdue Market Prospects for 2020

The novel coronavirus has triggered a damaging global economic downturn and has affected activities in numerous sectors, including building and construction. According to the European International Contractors group, construction output is likely to decline between 20% and 40% as a result of the COVID-19 outbreak. Moreover, governments in many countries have imposed partial or complete lockdowns as they struggle to devise an effective plan to battle the pandemic as well as revive the economy simultaneously. Worker-absenteeism at construction sites has spiked in the past couple of months due to concerns surrounding catching the infection. For instance, the Confederation of Real Estate Developers’ Association of India (CREDAI) reported that over 30% of construction workers have been staying away from sites, fearing getting infected by the virus. In sum, the rainscreen cladding market growth will be moderate in 2020 as the COVID-19 outbreak has stalled construction projects around the world.

Regional Analysis

Europe to Offer Lucrative Prospects; North America to Grow Substantially

With a market size standing at USD 4,424.8 million in 2019, Europe is anticipated to dominate the rainscreen cladding market share in the coming years owing to promising progress in the construction activities for industrial and residential purposes. Furthermore, credit infrastructure in the region is strong and is supportive to the construction industry, which is ensuring the stability of this market in Europe.

The market growth in North America is expected to considerable on account of governmental support to commercial and infrastructure projects and schemes. On the other hand, in Asia-Pacific, the market outlook is optimistic owing to the heavy investments being made into the construction sector by governments and private entities in the region.

Competitive Landscape

Development of Energy-efficient Solutions by Companies to Fire up Competition

Key players in this market are breaching established frontiers of innovation and creating products that align with the present need of boosting energy-efficiency of buildings in urban areas. Launch of advanced and sustainable solutions is aiding these companies to cement their position in the market and gain a decisive edge against other competitors.

Industry Developments:

• In April 2021,  Proteus Facades, a renowned provider of high-quality rainscreen cladding systems, announced its entry into the U.S. market in response to demand from architects and specifiers seeking unique façade systems. This latest development for the company, which has a track record of supplying rainscreen cladding to some of the UK's most famous building projects, was driven by strong investment in its production skills and demand for out-of-the-ordinary façade design.

List of Key Companies Covered in the Rainscreen Cladding Market Report:

• Dow (U.S.)
• FunderMax (Austria)
• Merson Group (U.S.)
• SFS Intec (Switzerland)
• ROCKWOOL International A/S (Denmark)
• Trespa International B.V. (Netherlands)
• Carea Group (France)
• Sotech Optima Company (UK)
• Kingspan Group (Ireland)
• Sika AG (Switzerland)

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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The Global Flame Retardant Fabrics 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 Flame Retardant Fabrics 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.

Flame retardants fabrics are chemically treated fabrics which are used to reduce the flame whenever exposed to the fire. These fabrics play an important role in the prevention of ignition and also in combustion process. They offer efficacy which makes them an ideal option for various apparel and non-apparel applications. Increase in the budget for the defense is expected to boost the market growth.

F ortune Business Insights ™   shares this information in its report titled   “ Flame Retardant Fabrics Market, 2025-2032.”

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Forecast Growth Projected:

The global flame retardant fabrics market size was valued at USD 1,537.45 million in 2023. The market is expected to grow from USD 1,608.10 million in 2024 to USD 2,349.89 million by 2032 at a CAGR of 4.9% during the forecast period.

List of the Key Players in the Flame Retardant Fabrics Market:

• Jason Mills, LLC (U.S.)
• Klopman International (Italy) 
• Naizil Coated Fabrics (Canada)
• Sunscreen Mermet (France)
• Syensqo (Belgium)
• TenCate Protective Fabrics (U.S.)
• Tex Tech Industries (U.S.)
• Texfire (Spain)
• Unique Safety Services (India)
• Westex (U.S.)

Segmentation

Non-Apparel Segment Led The Market Owing To Numerous Applications

On the basis of the application, the market is divided into apparel and non-apparel. Non-apparel segment led the market share as these fabrics are ideal for numerous applications and they are used in draperies, upholstery, institutional & commercial carpets, transportation, and bedding. Non-apparel helps in the reduction of the fire and offer more time for the escape.

Home Textiles Led In 2023 Owing To   High Efficacy Of   Flame Retardants Fabrics

On the basis of end use, the market is classified into home textiles, industrial, defense & public safety services, transport, and others. Home textiles was the leading segment in 2023 with the share of 29.7% owing to flame retardants fabrics’ efficacy in fire safety of home textile products such as curtains, drapes, carpets, bedding, etc.

Based on geography, the market is segmented into North America, Latin America, Europe, the Asia Pacific, 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

Demand For Multidimensional Fabrics   To Propel The Market Growth

Demand for multidimensional fabrics is set to drive the flame retardants fabrics market growth. There are numerous studies which shows the properties of evolving fabrics not limited to self-cleaning, super-hydrophobicity, preventing antibacterial activity, or even crease recovery. In addition, developments in the nanotechnology has led to the development of cotton fabrics that have unique properties by using silica nanoparticles.

Competitive Landscape

Market Players Are Making Passive Investments in Alternatives for the Product

The market for flame retardant fabrics has Jason Mills, LLC, Westex, Klopman International, and Unique Safety Services. Consumer proclivity for inherent flame retardant fabrics, which is an alternative to the market product is attracting investments from above mentioned key players.

Key Industry Development:

July 2024   – TenCate Protective Fabrics and PBI® launched   PBI® Peak5®, a lightweight outer shell for firefighting gear in Europe. Featuring Enforce® technology, it offers high durability and thermal protection, meeting EN, ISO, ASNZ, and NFPA standards.

May 2023   – TenCate introduced   Tecasafe® 360+, the first inherently flame-resistant stretch fabric. Made with FR materials and XLANCE® fibers, it provides improved comfort and protection for workwear.

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About Us:

Fortune Business Insights™   delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

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