According to Fortune Business Insights the global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. This information is presented by Fortune Business Insights , in its report, titled, “Water and Wastewater Treatment Market, 2025-2032.” The demand for water and wastewater treatment technologies is rising across the globe due to large-scale urbanization and rapid industrialization. Since more people are moving to urban areas, the demand for clean water is growing at a notable pace every year. Similarly, more manufacturing plants are being set up to cater to the rising lifestyle demands of people living in the cities.
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List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
Report Coverage:
The report offers treasured perceptions attained by detailed review done by our analysts. An all-encompassing research was directed to offer the assessed size and share of the water and wastewater treatment market. The data gained and applied to estimate the shares for manifold sections at all levels such as global, national, and regional is acquired from detailed interviews with various stakeholders. Moreover, we have obtained admission to numerous global and regional paid records to provide detailed information to make business investment conclusions simple for our clients and shareholders.
Water and Wastewater Treatment Market Segmentation:
Rising Focus on Establishment of New Treatment Plants to Boost Demand for Water Treatment Services
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is anticipated to record a strong growth rate during the forecast period as more companies are focusing on building new water and wastewater treatment plants while renovating the existing facilities.
Municipal Establishments to Increase Dependence on Wastewater Treatment Facilities to Supply Clean Agriculture Water
Based on application, the market is bifurcated into municipal and industrial. The municipal segment is expected to hold a dominant water and wastewater market share as more than 30% of the global water supply goes to the agriculture sector. This will automatically increase the demand for clean water to help farmers keep their fields healthy.
Drivers and Restraints:
Imposition of Strict Rules for Effluent Treatment to Boost Market Growth
While production processes are undergoing a wide range of technological innovations to improve their overall efficiency and performance, the volume of wastewater generation increased by many folds over the years. The effluents released by companies that process rare metals, pesticides, chemicals, and other harmful materials pose severe environmental risks. This is why many reputed government agencies have released protocols and guidelines that place a limit on the number of effluents in industrial water before it is released into freshwater bodies. Such initiatives will drive the water and wastewater treatment market share.
Regional Insights:
North America to Dominate Market Due to Growing Demand for Treated Water from Industries
North America holds a dominant position in the global market as the region is witnessing heavy demand for treated water from the pharmaceutical and beverage industries. Also, the demand for a constant energy supply to keep industries running has accelerated the need for demineralized water, thereby boosting regional market growth.
The Asia Pacific market is predicted to surpass North America in some years as countries, such as India, China, and Southeast Asia are increasing their investments in sanitation solutions to improve the water quality.
Industry Development:
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The scrap metal recycling market size is anticipated to rise due to the growing need for waste management and recycling infrastructure globally. Furthermore, the governments enforce policies that promote metal recycling in various industrial sectors. Metals such as aluminum can be recycled many times and can be used to produce a variety of consumer products such as packaging. Furthermore, it can be utilized to make a range of consumer goods, including packaging. Fortune Business Insights TM has presented this information in its upcoming report titled, “ Scrap Metal Recycling , 2025-2032 ”.
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Forecast Growth Projected:
The global scrap metal recycling market size was valued at USD 407.02 billion in 2023. The market is projected to grow from USD 420.83 billion in 2024 to USD 568.76 billion by 2032 at a CAGR of 3.8% during the forecast period.
List of the Key Players in the Scrap Metal Recycling Market:
Segmentation -
On the basis of type, the market is bifurcated into non-ferrous and ferrous. On the basis of end-user, the market is fragmented into consumer appliances, automotive equipment manufacturing, building & construction, packaging, and others. Geographically, the market is classified into Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa.
Drivers & Restraints –
High Demand for Recycling Metal Scrap and Waste Management to Drive Market Growth
The growing demand for waste management and recycling infrastructure around the world is driving the industry. As a result of government mandates in numerous industries, scrap metal recycling is becoming more widespread to the energy required for virgin metal fabrication; recycling scrap metals saves a significant amount of energy. Recycling one ton of steel, for example, can save 2500, 1400, and 120 pounds of coal, limestone, and iron ore, respectively.
Report Coverage –
The report delivers an in-depth analysis of the market, including the current trends, drivers, restraints, and potential for growth. Furthermore, the report highlights the regional scrap metal recycling market growth and several strategies adopted by prominent players to gain a leading edge in the industry. Additionally, the report consists of the cumulative impact of COVID-19 in the market.
Competitive Analysis-
Key Players to Adopt Organic and Inorganic Strategies to Acquire Competitive Advantage
Metal recycling is a competitive market, and vendors use organic and inorganic growth tactics to acquire a competitive advantage. Metal recycling has changed the dynamics at many points throughout the value chain. Manufacturers, for example, might use recycling capabilities to obtain necessary raw materials for rapidly expanding production capacities without compromising their qualities. Metal recycling efficiently tackles one of the most significant problems of metal and metal product users, namely, the costs.
For instance, in May 2020, Aurubis AG purchased Metallo, a scrap metal recycling company. This purchase was made to increase the company's metal scrap manufacturing capability. It will also most likely assist Aurubis AG in expanding its global market penetration in metal recycling.
Key Industry Developments:
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According to Fortune Business Insights the global rare earth elements market size was USD 3.39 billion in 2023 and is projected to grow from USD 3.74 billion in 2024 to USD 8.14 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period. Rising demand for consumer durables like smartphones, laptops, and tablets is driving rare earth element consumption. In developing economies, industrialization, construction, and government-led digitization are accelerating demand. Additionally, the growing adoption of electric vehicles in countries like Germany, the U.S., and the U.K., along with strict carbon regulations and a shift toward clean energy, is further boosting rare earth usage.
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Rare Earth Elements Market Segmentation:
By Type:
Neodymium led the market in 2023 due to high demand from electric and hybrid vehicle manufacturers for use in permanent magnets. Cerium saw growth from its use in automotive exhaust systems and catalytic converters. Praseodymium gained traction in aerospace for high-strength alloys. Lanthanum demand rose from battery manufacturers, especially for nickel-metal hydride batteries in electronics. Samarium also saw increased use in hybrid vehicle magnets.
By Application:
Magnets dominated the market in 2023, driven by demand in motors, electronics, and sensors. Batteries are expected to grow at the fastest rate, fueled by EV adoption and advances in energy storage. Catalysts will see notable growth due to rising use in automotive catalytic converters. Metallurgy demand is rising from automotive and aerospace sectors. Glass and ceramics growth is supported by increasing construction activity, while the polishing segment benefits from expanding electronics production.
Report Coverage-
The report aims to analyze the rare earth elements industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.
Regional Insights-
Surging Industrialization and Construction Activities to Favor Growth in Asia Pacific
Geographically, Asia Pacific earned USD 2,220.8 million in 2020 in terms of revenue and is likely to retain its leading position in the near future. This growth is attributable to the surging building & construction activities in China. The country is considered to be a major growth contributor on account of the rapid industrialization and the presence of numerous consumer electronics manufacturers. On the other hand, North America is anticipated to grow considerably backed by the increasing production of EVs in the U.S., which, in turn, would accelerate the demand for these earth elements.
Competitive Landscape-
Key Players Focus on Acquisitions and Signing Agreements to Intensify Competition
The global market houses numerous companies that are currently focusing on acquiring local organizations and signing new agreements with government bodies to compete with their rivals. Below is one of the latest industry developments:
A list of renowned rare earth elements providers operating in the global market:
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According to Fortune Business insights the global construction materials market size was valued at USD 1,320.01 billion in 2023 and is projected to grow from USD 1,369.86 billion in 2024 to USD 1,867.16 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Construction materials are various materials deployed in the establishment of roads, buildings, bridges, and other infrastructure. Each material possesses unique characteristics and attributes, making it suitable for multiple types of construction projects. The market’s growth can be credited to the growing disposable income of the public, which has led to the expansion of property ownership, further supporting the need for property investments.
Fortune Business Insights™ provides this information in its research report, titled "Construction Materials Market, 2025-2032".
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Segmentation Analysis:
Aggregates Segment to Gain Traction Driven by Boost in Infrastructure Development
Based on material type, the market is fragmented into aggregates, cement, bricks and blocks, metals, and others. The aggregates segment is estimated to depict appreciable growth throughout the projected period. The rise can be attributed to the increasing demand for modern workplaces, commercial buildings, and shopping malls.
Residential Segment to Register Substantial Surge Owing to Urban Migration
On the basis of end-user, the market for construction materials is subdivided into commercial, residential, infrastructure, and industrial. The residential segment is anticipated to exhibit considerable expansion throughout the study period. The surge is due to population migration from rural to urban areas, owing to government initiatives for residential development.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides a comprehensive analysis of the key factors boosting the global business scenario over the forthcoming years. It further gives an insight into the major trends impelling the industry landscape throughout the projected period. Additional aspects of the report include the vital steps taken by leading companies for strengthening their industry position.
Drivers and Restraints:
Favorable Government Initiatives to Propel Industry Expansion
One of the key factors impelling the construction materials market growth is the rapid expansion of remote areas and increased urbanization. This is attributed to the fact that governments of various countries are looking at smarter ways for increasing efficiencies, improving the quality of life, and the management of traffic complexities.
However, the market growth could be hindered due to growing concerns for unfavorable construction circumstances.
Competitive Landscape:
Industry Players Enter into Partnership Agreements to Strengthen Industry Foothold
Key companies ink collaborative deals and agreements for the consolidation of industry position. These market players are formulating and implementing a range of strategic initiatives for strengthening their foothold. Some of these initiatives include mergers, acquisitions, and the rollout of new products.
List of Key Players Mentioned in the Report:
Key Industry Development:
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According to Fortune Business Insights the global textile recycling market size was valued at USD 5.76 billion in 2023. The market is projected to grow from USD 6.08 billion in 2024 to USD 8.49 billion by 2032 at a CAGR of 4.3% during the forecast period.
Textile recycling incorporates discarded or used clothing, apparel, and fibrous material from eco-friendly and reusable products. The increase in the utilization of recycled fiber blends in end-use applications is accelerating market growth. Newly invented recycling processes, including recycled fiber blends and closed-loop recycling, have been opted for by textile recycling companies to reduce the pressure on waste management.
Fortune Business Insights™ provides this information in its research report, titled “Textile Recycling Market, 2025-2032”.
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List of Key Players Mentioned in the Report:
Textile Recycling Market Segmentation Analysis:
Polyester & Polyester Fiber Segment Dominated Due to Ease of Recycling
With respect to material type, the market is categorized into nylon & nylon fibers, cotton, polyester & polyester fiber, wool, and others. The polyester & polyester fiber segment registered the largest market share in 2023. The recycling of polyester is easy and it can be used in combination with other materials to produce yarn. This factor is bolstering the polyester & polyester fiber segment growth.
Less Maintenance Cost Incurred by Mechanical Process to Fuel Segment Growth
In terms of process, the market is classified into chemical and mechanical. The mechanical segment captured the largest textile recycling market share in 2023. The mechanical process incurs less running and maintenance costs as compared to other processes. This factor promotes the expansion of the mechanical segment.
Expanding Fashion Industry to Expedite the Apparel Waste Segment Expansion
By end-use industry, the market is segregated into home furnishing waste, apparel waste, and others. The apparel waste segment accounted for the largest share in 2023. The flourishing fashion industry has led to a surge in the per capita apparel waste over the past few years, boosting the segment growth.
Based on region, the market is categorized into Latin America, the Middle East & Africa, North America, Europe, and Asia Pacific.
Report Coverage
The report offers a detailed analysis of the key driving and restraining factors affecting the market growth. Additional aspects of the report include the major industry developments, the top trends, and the impact of the COVID-19 pandemic on the market growth. The report further encompasses a detailed overview of the strategic initiatives implemented by leading companies to keep ahead of their competition.
Drivers and Restraints:
Increasing Recycled Fiber Blends Deployment in End-use Applications to Escalate Market Expansion
One of the major factors propelling the textile recycling market growth is a surge in the incorporation of recycled fiber blends in end-use applications. Due to their cost-saving and eco-friendly attributes, these blends can be deployed in the manufacturing of casual articles, such as sleepwear, t-shirts, and sweatshirts.
However, the incorporation of hazardous chemicals in the recycling process may hinder market growth.
Report Coverage
The competitive strategies deployed by prominent companies to boost their share have been mentioned in the report. Besides this, the report provides a comprehensive coverage of the major factors affecting the market growth. It further highlights the latest trends, COVID-19 pandemic impact, the key industry developments, and restraining factors poised to impede the market growth during the forecast period.
Drivers and Restraints:
Surging Demand for Recycled Textile from End-use Industries to Drive Market Growth
A rise in the demand for recycled textiles from end-use industries drives the textile recycling market growth. The market is observing a gradual surge in the demand for these textiles from construction, fashion, automotive, and other industries. They demonstrate attributes similar to virgin textile fibers, including flexibility, lightweight, and strength.
Competitive Landscape:
Top Players Focus on Partnerships to Inaugurate Large Projects
Capacity expansions, joint ventures, product innovations, mergers, and acquisitions are some of the strategic initiatives undertaken by leading companies to gain a competitive edge. A wide array of companies are adopting partnership strategies to launch mega projects.
Key Industry Development:
May 2023 – LENZING AG and Aritas and Södra, its business partner companies, announced the joint formation of an agreement to release the largest textile recycling project in Austria to handle waste generation from various end-use industries.
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The Global Paints and Coatings 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 Paints and Coatings Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The automobile, construction, timber, and transportation industries all frequently utilize paints and coatings. They are extensively utilized in the construction industry to shield buildings from damage from the outside. Also, the product has a wide range of uses in the decoration of commercial and residential structures and infrastructure, as well as in the automobile, maritime, industrial wood, and other industries.
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Forecast Growth Projected:
According to Fortune Business Insights the global paints and coatings market was valued at USD 206.56 billion in 2023 and is expected to grow from USD 217.36 billion in 2024 to USD 303.97 billion by 2032, registering a CAGR of 4.5% during the forecast period.
List of the Key Players in the Paints and Coatings Market:
Paints and Coatings Market Segmentation Analysis:
Due to its Abrasion Resistance and Corrosion Resistance, Polyurethane Resin is Anticipated to Generate the Highest Revenue
By resin, the market is segmented into acrylic, alkyd, epoxy, polyurethane (PU), polyester, and others. Due to its adhesion, drying speed, relative resistance, and flexibility qualities, acrylic resin stands out among the competition and commands a substantial market share. This makes it ideal for use in paints and coatings.
Due to their Environmentally Friendly and VOC-Free Qualities, Water-Born Coatings to Hold Dominant Market Share
By product type, the market is classified into solvent borne, waterborne, powder coatings, UV coatings and others. Due to their expanding use in the wood, plastic, furniture, printing inks, and vehicle industries, waterborne coatings currently hold the biggest market share. The advantages of waterborne coatings, which include low VOC emissions, quick drying, and simpler application, are what is causing this market to flourish.
Growing Demand from the Building and Automotive Industries Will Cause the Architecture Sector to Show a Substantial CAGR
By application, the market is divided into architectural, industrial wood, marine, automotive OEM, automotive refinish, general industries, coil, protective coatings, packaging and others. Throughout the projected period, it is expected that the architectural segment will dominate in terms of revenue and volume. Paints and coatings are mostly used for ornamental purposes in architectural applications to protect non-residential and residential structures and buildings from UV radiation, environmental damage, and other factors.
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.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
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.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
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According to Fortune Business Insights the global dimethyl ether market size was valued at USD 9.41 billion in 2023 and is projected to grow from USD 10.22 billion in 2024 to USD 20.32 billion by 2032, exhibiting a CAGR of 9.0% during the forecast period. Dimethyl Ether (DME), known as methoxymethane, wood ether, dimethyl oxide, or methyl ether, is the simplest form of ether. It is a mildly narcotic, colorless, non-toxic, and highly flammable gas that can be easily liquefied under gentle pressure at room temperature, with properties similar to Liquefied Petroleum Gas (LPG).
The market is experiencing growth driven by increasing demand for eco-friendly transportation fuels. DME’s low-carbon footprint and efficient combustion make it an attractive alternative amid rising environmental concerns.
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Segmentation:
Natural Gas Segment Dominates owing to Abundant Availability and Efficiency
In terms of raw material, the market is fragmented into natural gas, coal, and others. Natural gas is abundantly available and supports efficient conversion technologies, making it the preferred feedstock for DME production.
LPG Blending Segment Secured the Largest Share due to Cost Efficiency and Versatility
Based on application, the market is fragmented into aerosol propellant, transportation fuel, LPG blending, and others. LPG blending held the largest dimethyl ether market share in 2023 by utilizing low-cost LPG equipment and offering multiple pathways to renewable fuels. DME presents a financially viable and adaptable option for blending.
In terms of region, the market for dimethyl ether is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
By scrutinizing crucial aspects such as industry leaders, product landscapes, and evolving trends, the report provides a thorough analysis to guide strategic decisions. With historical data and future projections, it unveils market dynamics, fostering a deeper understanding of growth prospects across global, regional, and country markets.
List of the Key Players in the Dimethyl Ether Market:
Drivers and Restraints:
Regulatory Compliance and Emissions Reduction and Infrastructure Compatibility and Versatility to Fuel Market Growth
Stringent emissions regulations and global pollution mitigation efforts are propelling the adoption of DME in energy and transportation sectors. Its clean-burning properties significantly reduce emissions of sulphur and particulate matter. DME's compatibility with existing diesel engines and infrastructure, alongside its versatility as a fuel alternative, are key factors propelling dimethyl ether market growth in the transportation industry.
Competitive Landscape:
Key Players Focus on Combine their Manufacturing And Delivery Operation to Expand their global Reach
With a few major players such as The Chemours Company (U.S.), Mitsubishi Corporation (Japan), Toyo Engineering Corporation, and Royal Dutch Shell Plc. (Netherlands), the fragmented global market focuses on securing the key dimethyl ether market share. These industry participants are integrating their delivery operations along with raw material production to expand their reach, leading to achieve financial advantages through cost savings, thereby soaring profit margin.
Key Industry Development:
February 2020 – SHV Energy and Oberon Fuels joined hands to expedite the utilization of clean DME fuels in transportation with an aim to reduce their carbon footprint.
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According to Fortune Business Insights the global plastics market size was valued at USD 524.48 billion in 2024. The market is projected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report titled, “ Plastics Market , 2025-2032 .”
Plastics are polymers that are versatile, easy to produce, moldable, waterproof in nature, low cost, and lightweight, used to produce different products such as spacecraft and others. The plastics produced using renewable biomass sources, including vegetable oil, sawdust, food waste, and corn starch, are known as bioplastics. The increasing demand for high-performance plastic packaging solutions integrated with growing technological advancement to protect products is boosting the plastics market growth.
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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.
Segments
Polyvinyl Chloride (PVC) to Gain Traction with Rising Demand for Resistance to Chemicals
In terms of type, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyurethane, polystyrene, and others. The polyvinyl chloride segment will account for a considerable share of the global market due to electric insulation and the demand for resistance to chemicals.
Packaging to Remain Dominant Due to Robust Demand from Food & Beverage Sector
With respect to end-use industry, the market is segregated into packaging, automotive & transportation, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceutical, electrical & electronics, textile, and others. The packaging segment will exhibit notable growth during the assessment period, largely due to rising demand from the food & beverage sector.
Drivers and Restraints
Expanding Footprint of Engineering Plastics to Propel Growth Potentials
The plastics market share will witness notable traction during the forecast period, largely due to better mechanical and thermal properties. Surging demand for better polymer solutions will encourage leading companies to expedite investments. Prominently, surging demand for metal substitution could play a pivotal role in boosting the material demand. Furthermore, the food industry is poised to be the major recipient of plastics that avoid contamination and minimize food quality degradation. Increased usage of the polymer in fashion, sports, and toy-making will bode well for the industry growth.
However, rigorous regulations implementing plastic reduction policies could impede the industry growth.
Competitive Landscape
Major Players Prioritize Collaboration to Tap into Markets
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Key Industry Development
Major Players Profiled in the Plastics Market Report:
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According to Fortune Business Insights the global carbon black market size was valued at USD 27.59 billion in 2024. The market is projected to grow from USD 28.86 billion in 2025 to USD 40.10 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period. The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries.
Carbon black is a fine black powder composed primarily of elemental carbon and is produced through the incomplete combustion of heavy petroleum products. It is widely used in manufacturing tires, rubber products, plastics, inks, and coatings, primarily due to its reinforcing properties and UV protection.
Fortune Business Insights™ provides this information in its research report, titled “Carbon Black Market, 2025-2032”.
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Segments:
Furnace Black Segment to Lead Driven by Soaring Demand from Rubber Manufacturers
Based on process type, the market is categorized into acetylene black, furnace black, thermal black, and others. The furnace black segment is set to lead the market, exhibiting an appreciable CAGR over the projected period. This is due to the growing usage of the product as a strengthening agent by rubber producers.
Standard Grade Segment to Register Notable Growth Impelled by Escalating Industrial Applications
On the basis of grade, the market is segmented into standard grade and specialty grade. The standard grade segment is touted to expand at a considerable rate over the anticipated period. The surge is propelled by the escalating adoption of these products for various industrial applications.
Tire Segment to Exhibit Substantial Surge Driven by Rapid Expansion of the Automotive Sector
By application, the market is classified into non-tire rubber, tire, inks & toners, plastics, and others. The tire segment is poised to exhibit substantial growth, holding a dominating market share, over the analysis period. The expansion is propelled by the rapid expansion in the automotive sector.
Based on geography, the market for carbon black has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Report Coverage:
The report gives a comprehensive analysis of the major trends poised to impel the global business scenario throughout the projected period. It further provides an insight into the key driving and restraining factors. Additional components comprise the impact of COVID-19 on industry growth and an account of the pivotal strategies adopted by leading companies for gaining strong industry footings.
Drivers and Restraints:
Expansion of the Rubber Sector to Impel Market Growth
The escalating product demand from the consumer goods, electronics, automotive, and construction sectors is propelling the expansion of the rubber sector. This is set to propel the carbon black market growth over the forecast period.
However, the production of carbon black involves the emission of hazardous gases. This may hinder industry expansion to some extent.
Competitive Landscape:
Leading Companies Undertake Strategic Steps to Strengthen Industry Foothold
Key carbon black players are centered on adopting various strategic deals for strengthening their positions in the market. These comprise merger agreements, partnerships, acquisitions, and the launch of new products. Additional initiatives include collaborations and the formation of alliances.
Key Industry Development:
March 2022 – Cabot Corporation acquired Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The deal helped the expansion of the manufacturing capacity of Cabot. The company planned to invest for capacity upgradation for supporting the development of lithium-ion batteries.
List of Key Players Mentioned in the Report:
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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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According to Fortune Business Insights the global triethylene glycol market size was valued at USD 1.70 billion in 2024. The market is projected to grow from USD 1.76 billion in 2025 to USD 2.29 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period. Triethylene glycol (TEG) is widely used in the automotive industry as a component in coolants, antifreeze, brake fluids, lubricants, and plastics. Its hygroscopic nature helps remove moisture, prevent corrosion, and maintain the efficiency of hydraulic and brake systems. Its growing demand is driven by its versatile properties and broad range of automotive applications.
The global Triethylene Glycol (TEG) market is witnessing substantial growth driven by rising demand across industries such as natural gas processing, automotive, HVAC, and pharmaceuticals. Triethylene glycol, a colorless, viscous, and hygroscopic liquid, is extensively used as a dehumidifying agent, plasticizer, and solvent.
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List of Key Players Profiled in the Triethylene Glycol Market Report :
Triethylene Glycol Market Segmentation Analysis:
By Application:
The natural gas dehydration segment led the triethylene glycol market in 2024. TEG is widely used to remove water vapor from natural gas, preventing corrosion, hydrate formation, and pipeline blockages. Its cost-effectiveness and efficiency make it the preferred choice for large-scale gas dehydration operations.
By End-use Industry:
The oil & gas industry is the largest end-user of TEG, primarily using it to dehydrate natural gas before processing and transportation. Its strong water-absorbing capability helps protect pipelines and equipment, making it essential in this sector.
Key Market Drivers:
Competitive Landscape:
New Product Launch Allows Key Market Players to Enhance their Product Portfolio
The key market players acquire various companies operating in the industry to improve their business performance. Also, rising investments in the adoption of technological advancements and R&D activities allow the leading market players to introduce new product ranges to the global market and increase business profitability.
Key Industry Development:
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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.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
