The global   ethyl acetate market   size was valued at USD 4.41 billion in 2023 and is projected to grow from USD 4.70 billion in 2024 to USD 8.26 billion by 2032 at a CAGR of 7.3% during the 2024-2032 period. The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethyl Acetate Market Size, Share & COVID-19 Impact Analysis, By Application (Paints & Coating, Printing Ink, Process Solvent, Food & beverage, and Others), and Regional Forecast, 2025-2032.”

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 

The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

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The report on the   ethyl acetate market   includes :

• An excellent report on the market
• Vital stats about main regions
• Recent developments
• Wide-ranging data about eminent players
• COVID-19 impact on the market

Hindered Import and Export Activities to Deteriorate Business Amid Coronavirus

The weak demand for ethyl acetate due to coronavirus has resulted in an enormous loss for the market. The restrictions imposed by the governments on import and export activities has further obstructed the growth of the market. For instance, China is the largest producer and exporter is facing a trade war with the US which has further impacted its exports. However, the demand for ethyl acetate from the packaging industry has remained poised owing to the essential supply of packaged food during coronavirus. Besides, the weakened construction industry on account of labor shortage can consequently impede business proceeding for the market in the near future.

Regional Analysis :

High Production of   Ethyl to Promote Growth in Asia Pacific

The market size in Asia Pacific stood at USD 2,312.3 million in 2019 and is expected to dominate the global market owing to the growing production of chemicals in China, India, Indonesia, Taiwan. China is the largest manufacturer and exporter of ethyl acetate in the world. In India, sugarcane molasses is the largest source of ethanol production, thus aiding in ethyl acetate creation in large quantities. Moreover, India exports substantial quantities of ethyl acetate to Europe. The ongoing export activities will back the growth of the market in Asia Pacific. Europe is expected to exhibit a high growth rate owing to the increasing consumption of ethyl acetate. The presence of major paints & coating manufacturing companies such as Akzo Nobel, BASF, Jotun, and others will further foster growth in the region. The market in North America is expected to hold a relatively small market share compared to other regions.

Market Driver :

Growing Utilization of   Printing Ink to Support Development

The developing printing ink industry in various regions around the world will contribute positively to the growth of the market. The growing consumption of ethyl acetate in the manufacturing of printing ink will foster the healthy growth of the market. The evolving lifestyle of people will influence the healthy growth of the market. The increasing juggernaut production capacities of required solvents such as ethyl solvents used in the manufacturing of printing ink will have a tremendous impact on the market. Moreover, the desired properties of ethyl acetate make it ideal for manufacturing both flexographic and rotogravure printing inks. Hence, the growing demand for flexographic and rotogravure printing inks will simultaneously enable speedy expansion of the market in the forthcoming years.

The   Report Lists the Main Companies in this   Market:

• INEOS (UK)
• Celanese (US)
• Eastman Chemical (US)
• Jiangsu Sopo (China)
• Jiangmen Handsome (China)
• Wuxi Baichuan (China)
• Jubliant (India)
• GODAVARI BIOREFINERIES LTD. (India)
• Sekab (Sweden)
• Korea Alcohol (South Korea)
• IOL Chemicals and Pharmaceuticals (India)
• Other players

Key Development :

August 2019:   Celanese Corporation, a renowned player in the ethyl acetate market, announced that it has increased the price of its ethyl acetate product in the European market. It increased the cost by around EUR 110 per ton.

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The global   calcium carbonate market   size was valued at USD 60.76 billion in 2024. The market is projected to grow from USD 65.13 billion in 2025 to USD 86.70 billion by 2032 at a CAGR of 4.2% during the forecast period. Calcium carbonate (CaCO₃) is a naturally abundant mineral commonly found in limestone, chalk, and marble. This versatile inorganic compound is widely utilized across various industries. It serves as a filler in paper, plastics, and rubber; an additive in paints and adhesives; and a dietary supplement in food and pharmaceutical products. The market growth is propelled by rising demand from construction, packaging, and consumer goods industries, along with the material’s cost-effectiveness and environmentally friendly characteristics.

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Segmentation Analysis:

By Type Analysis:
The ground calcium carbonate (GCC) segment dominated the global market in 2024, driven by its extensive use across industries such as paper, plastics, adhesives, and construction. Its growing adoption in the construction sector, especially in emerging economies, significantly contributes to segment growth. Additionally, the increasing use of GCC as a filler in polymers and coatings is expected to further boost demand.

By End-Use Industry Analysis:
The pulp & paper   segment accounted for the largest market share in 2024, supported by rising demand for high-quality paper products. Calcium carbonate is widely used as a filler and coating pigment in paper production to enhance opacity, brightness, and printability.   The   building & construction   segment also represents a key growth area, as calcium carbonate is used as a filler in cement, concrete, and other construction   materials to improve strength and durability. The segment’s expansion is fueled by increasing construction activities in developing regions and the growing preference for sustainable, eco-friendly building materials.

Market Dynamics:

Trends:

• Rising adoption of   precipitated calcium carbonate (PCC)   in paper and packaging industries for enhanced brightness and smoothness.
• Increasing demand for   eco-friendly and recyclable fillers   in plastics and coatings.
• Technological advancements in production processes to improve efficiency and reduce carbon emissions.
• Growing utilization of calcium carbonate in   pharmaceutical and food-grade applications   due to its bio-compatibility and nutritional benefits.

Drivers:

• Expanding construction and infrastructure activities worldwide, boosting demand for calcium carbonate in cement, paints, and coatings.
• Growing paper and packaging industry, especially in Asia, driving the consumption of PCC and GCC.
• Cost-effectiveness and versatility of calcium carbonate as a filler material compared to alternatives.
• Rising environmental awareness promoting the use of sustainable and natural mineral additives.

List of Top   Calcium Carbonate Companies:

• Minerals Technologies Inc (U.S.)
• Imerys S.A. (France)
• Mississippi Lime Company (U.S.)
• Huber Engineered Materials (U.S.)
• SCHAEFER KALK GmbH & Co. KG (Germany)
• Carmeuse (Belgium)
• Graymont Limited (Canada)
• Nordkalk (Finland)
• CIMBAR RESOURCES, INC. (U.S.)
• Omya AG (Switzerland)

Key Industry Development:

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The global water and wastewater treatment market is experiencing significant growth due to increasing water scarcity, stringent environmental regulations, and advancements in treatment technologies.   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 global   krypton market   size was valued at USD 57.86 million in 2023 and is projected to grow from USD 58.46 million in 2024 to USD 62.58 million by 2032, exhibiting a CAGR of 0.9% during the forecast period. Growing application in window glazing and space exploration will propel the market forward during the projected period, says   Fortune Business Insights™ , in its report titled   “Krypton Market , 2025-2032."

In the manufacturing of insulated glass, krypton (Kr) gas is used to fill the spaces between glass panels, providing enhanced heat insulation and sound absorption. A greater volume of gas-filled space results in superior thermal protection, insulation, and soundproofing performance. The growing global demand for energy-efficient buildings is expected to drive market growth in the coming years. Additionally, krypton plays a crucial role in semiconductor excimer lasers. The expanding use of lasers in sectors such as semiconductors, healthcare, and defense is anticipated to further boost the demand for this rare gas in the near future.

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Segments:

By Type, N4.5 Segment to Gain Traction Over 2022-2029

Based on type, the market is trifurcated into N3, N4.5, and N5. The N4.5 segment is anticipated to witness substantial demand through 2029 led by increasing application in insulation of windows and glass façade panels in energy-efficient buildings. Meanwhile, the N5 segment will experience robust demand in aerospace thruster applications.

By Application, Window Insulation Segment to Capture Notable Share

In terms of application, the market is divided into lighting, laser, window insulation, and others. The window insulation segment is slated to capture the dominant market share, owing to demand for energy-efficient windows in green buildings. Meanwhile, the lighting segment will capture a prominent market share led by demand for Kr-filled lamps in various applications.

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 :

Growing Application in Glazed Windows to Boost Market Potential

Krypton gas is primarily used in the manufacture of high-end double and triple glazed windows, which is driving the krypton market growth. It offers excellent thermal and acoustic insulation. It is more expensive than argon, which is the most common gas in the market. However, as the need for high-performance and energy-efficient windows grows, krypton is gaining traction. Glazed windows are seeing an increase in demand from countries with hot weather, such as the Middle East, to areas with cold weather such as Europe and other parts of the world. In the summer, these windows allow for low-temperature absorption, while in the winter, they allow for high-temperature retention, leading to significant cost savings pertaining to air conditioning.

Despite growing applications, the availability of alternatives could impact the market growth.

Regional Insights :

Asia Pacific Market Stood at USD 19.10 Million in 2021

In 2021, the market value in Asia Pacific reached USD 19.10 million. Growth in this region is expected to increase substantially in the foreseeable future due to high demand from the construction and semiconductor industries. Continuous urbanization in emerging APAC countries has accelerated the product demand, resulting in lucrative growth potential for the suppliers.

North America accounts for more than a quarter of the global krypton market share. The growing use of Kr as a propellant in the aircraft industry is likely to increase demand in the region. Meanwhile, the European market will witness growth led by the demand for windows.

Competitive Landscape

Leading Players Adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

Key Industry Development:

• June 2023: Linde PLC opened one of the world’s largest krypton and xenon production plants in Leuna, Germany, consolidating its European noble gas operations.
• June 2022: Russia restricted Xe and Kr exports, sharply increasing prices and requiring special permits for international trade.

List of Key Players Profiled in the Report

• Air Liquide (France)
• Linde PLC (Ireland)
• Air Products & Chemicals, Inc. (U.S.)
• Messer Group GmbH (Germany)
• Proton Gases (India) Pvt. Ltd. (India)
• Matheson Tri-Gas, Inc. (U.S.)
• American Gas Products (AGP LLC) (U.S.)
• Coregas Pty Ltd. (U.S.)
• Akela-p Medical Gases P. Ltd. (Russia)
• Electronic Fluorocarbons, LLC (U.S.)
• Iceblick Ltd. (Ukraine)
• Air Water Inc. (Japan)

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The global   medium density fiberboard market   size stood at USD 42.26 billion in 2023 and is projected to grow from USD 44.84 billion in 2024 to USD 70.98 billion by 2032 at a CAGR of 5.6% during the forecast period (2024-2032). Medium Density Fiberboard (MDF) is an engineered wood panel manufactured by bonding wood fibers derived from hardwood and softwood in a defibrator. Its uniform, non-directional grain structure makes it highly suitable for cutting, machining, and drilling without generating chips or splinters. Additionally, the lack of knots allows for a smooth finish, making MDF an excellent choice for interior decoration in homes and offices.

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List of key Companies Profiled:

• Arauco (Chile)
• Centuryply (India)
• Daiken Corporation (Japan)
• Duratex (Brazil)
• Fantoni Spa (Italy)
• Greenpanel (India)
• M. Kaindl KG (Austria)
• Roseburg Forest Products (U.S.)
• Rushil Décor (India)
• Swiss Krono Group (Switzerland)
• Uniboard (Canada)

Key Industry Development:

• December 2020:   Arauco acquired a majority stake in Odd Industries, an industrial AI developer, to integrate AI and LiDAR technologies for sustainable forestry and climate change mitigation.
• June 2020:   Centuryply entered the Indian e-commerce market through a partnership with Flipkart, launching its product lines—Club Prime, Sainik 710, and Sainik MR—to capitalize on the growing online shopping trend post-pandemic.

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The global   linerless labels market   share is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by   Fortune Business Insights™   The report further mentions that the linerless labels market size was   USD 2.33 billion   in 2019 and is projected to reach   USD 3.43 billion   by 2027, exhibiting a CAGR of 5.0% during the forecast period.

Fortune Business Insights™ lists out the names of all the companies present in the global market. They are as follows:

Gipako UAB, Hub Labels, Cenveo Corporation, Reflex Labels Ltd., Skanem AS, NAStar Inc., 3M, Coveris, Avery Dennison Corporation, Ravenwood Packaging, Innovia Films, Constantia Flexibles, Lexit Group AS, RR Donnelley & Sons Company, Optimum Group, SATO Europe GmbH, Tereoka Seiko Co., Ltd., L&N Label Company, Preprint Group, DuraFast Label Company, Bizerba Australia, Bostik, Dykam A.C.A. Ltd., Weber Packaging Solutions

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Drivers & Restraints-

Rising Usage of Attractive & Food-safe Labels to Spur Growth

Brand recognition plays a vital role when it comes to the sales of food products worldwide. Labeling is a significant part of branding. The utilization of food-safe and attractive labels helps the food and beverage industry to grow. In the Latin American and Asian countries, namely, Brazil, Japan, and Southeast Asia, food products, such as fruits, bacon, and ham are packed with liner-free labels. Also, several ruling bodies have put forward strict norms and regulations regarding the information that is to be printed on the labels of food products.

Unlike conventional labels, linerless labels are capable of including 30% more print. In addition to this, manufacturers won’t have to change the dimensions of linerless labels and thus, they can be easily used instead of the traditional ones. They are also cost-effective and hence, are very popular in the food and beverage sector. The expansion of the food and beverage industry across the globe is likely to contribute to the growth of the backless labels market growth in the coming years. However, the regular shapes of linerless labels may not fulfill the requirements for a novel trademark. It may hamper growth.

Segment-

Food & Beverage Segment to Hold Largest Share Backed by the High Demand for Linerless Labels

Based on application, the market is segregated into logistics, retail, pharmaceutical & personal care, food & beverage, and others. Amongst these, the retail segment held 16.9% liner-free labels market share in 2019. The food & beverage segment is expected to procure the largest share throughout the forthcoming period as it is necessary for prominent companies to differentiate their products from the competitors. Therefore, they need a wide variety of labels to showcase authentic information regarding the contents of the product.

Competitive Landscape-

Key Players Focus on R&D Activities to Develop New Products

The market is semi-consolidated. Most of the top players are investing hefty amounts of money in research and development activities to introduce innovative linerless labels and their components. Below are two of the latest key industry developments:

• January 2020 : Bostik unveiled its new linerless label adhesive. It is mainly designed to improve efficiencies of the production line and deliver sustainable packaging, especially for quick service restaurant applications.
• May 2019 : R.R. Donnelley & Sons Company (RRD) announced the broadening of its label manufacturing platform. It added a 26” linerless press for this expansion. The press was developed by ETI Converting Equipment.

Regional Analysis-

Growth of E-commerce to Drive Market in Asia Pacific

Geographically, the market is categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, Asia Pacific generated USD 892.5 million in revenue in 2019. This growth is attributable to the expansion of e-commerce in this region. North America is anticipated to grow considerably backed by the presence of a well-established retail sector in the U.S. Also, the demand for retail and personal care goods would upsurge because of the outbreak of the Covid-19 pandemic. For gaining the confidence of customers, companies are demanding eye-catching labels for their products. In Europe, the market is set to grow steadily owing to the high demand from the pharmaceutical industry.

Key Players Assessment in this Research:

• The report offers a detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in this market
• A comprehensive overview of each company including the company profile generated revenue, pricing of goods, and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.

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The global   permanent magnet market   size was valued at USD 33.18 billion in 2024. The market is projected to grow from USD 32.07 billion in 2025 to USD 56.22 billion by 2032 at a CAGR of 8.3% during the forecast period of 2025-2032. A permanent magnet is a device that can retain its magnetic properties despite being in an atmosphere with no magnetic field. A permanent magnet can also be called a hard magnet due to properties such as large magnetic moment, and low permeability. Permanent magnets are used in various kinds of loudspeakers, and other home appliances, and are available in variety such as ferrite magnets, alloy magnets, bonded magnets, and others.

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SMMV Manufacturing Plant in Vietnam to Strengthen Portfolio by Increasing Production Capacity

Shin-Etsu Magnetic Materials Vietnam Co., Ltd. (SMMV) completed constructing a manufacturing plant for rare earth magnet in Hai Phong Province of Vietnam in the year 2016 and started operating from June 2017. Rare earth magnets are used for a variety of applications such as electric and hybrid automobiles, hard disk drives, and energy-saving air conditioners. The SMMV aims at multiplying the production capacity by two times up to 2,200 tons of earth magnet on an annual basis. The magnets produced in this plant will be shipped t0o end-users after processing them in other plants located in different nations across Southeast Asia. Such initiatives taken by market vendors are likely to aid in the expansion of the market in the future years. 

Increasing Use of Neodymium Iron Boron Will Add Impetus to Market

The increasing demand for consumer electronics is a major permanent magnet market growth. This includes gadgets such as Music systems, computers, laptops, mobile phones, and others. In addition to this, the increasing use of neodymium iron boron (NdFeB) with its beneficial properties such as repulsion, attraction, and energy conversion will also aid in the expansion of the market in the coming years.

On the negative side, the fluctuating prices of raw materials such as alloys, and increasing prices of energy may cause major hindrance to the overall market in the coming years. 

Players Aiming at Setting up Bases in China to Gain Competitive Edge  

China holds an estimate of more than 70% of the market share. Therefore, players are aiming at expanding their geographical base in this nation and investing heavily in the same for gaining an upper hand on resources and production while cutting down the export cost. Besides this, vendors are engaging in mergers and acquisitions, contracts and agreements, joint partnerships, and other collaborative efforts to attract high revenue to the market in the forthcoming years.

Significant Industry Developments of Market include :

• October 2024 – Arnold Magnetic Technologies Corporation expanded its facility in Amata City, Chonburi, Thailand, to better serve customers across Asia Pacific, Europe, and the U.S., strengthening its market presence.
• April 2023 – The company partnered with Cyclic Materials to launch a rare earth recycling program, aiming to build a circular supply chain and explore expansion across its North American sites.

List of Notable Market Manufacturers are:

• Hangzhou Permanent Magnet Group
• Electron Energy Corporation
• Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
• TDK Corporation
• Tengam Engineering, Inc.
• Daido Steel Co., Ltd.
• Bunting Magnetics Co.
• Arnold Magnetic Technologies Corp.
• Alpha Magnet
• Shin-etsu Chemical Co., Ltd.
• Tridus Magnetics and Assemblies
• Adams Magnetic Products Co., Inc.
• Ningbo Yunsheng Co. Ltd.
• Hitachi Metals, Ltd.
• Integrated Magnetics

Further Report Findings

• Asia Pacific held the dominant permanent magnet market share with a revenue of USD 13.82 Billion in 2018, attributed to increasing demand for consumer electronics and applications running on energy.

• Based on segmentation by application, the market is dominated by the consumer electronics segment on account of 36.7% share on account of the demand for various devices such as smartphones, laptops, speakers, and others.

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The   EMEA polyamide 6 market   size was   USD   2.67 billion   in 2021. The market is projected to grow from   USD   2.72 billion   in 2022 to   USD   3.33 billion   by 2029 at a   CAGR of   2.9%   during the 2022-2029 period.   Fortune Business Insights™   publishes this information in a report titled,   " EMEA Polyamide 6 Market, 2022-2029" . As per the report, the market is projected to grow during the projected period due to increasing demand for this chemical in the automobile and textile industries.

The COVID-19 pandemic significantly impacted the polyamide 6 (PA 6) market, causing an 18.6% decline in 2020 compared to 2019 due to reduced global demand. PA 6, produced through the polymerization of caprolactam with an acid catalyst and water vapor, offers high strength, abrasion resistance, elasticity, and electrical insulation. Its resistance to acids and alkalis makes it widely used in industries such as textiles, automotive, packaging, and electronics.

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Segmentation Analysis:

Increasing Product Demand from Automotive Sector to Fuel Segment Growth

By application, the market is segregated into automotive, electrical & electronics, packaging, industrial fiber & textiles, consumer appliances, and others. The rising demand for polyamide 6 from the automotive sector is expected to bolster the segmental growth. Also, the rising adoption of superior mechanical parts in vehicles is anticipated to propel growth in the coming years.

Geographically, the market share is segmented into Europe and the Middle East & Africa.

Drivers & Restraints:

Increasing Use of PA 6 in the Textile Sector to Propel Growth

The market is expected to witness prominent growth during the projected period owing to the rising adoption of polyamide 6 in the textile industry. Also, increasing product utilization in the automobile sector to develop efficient vehicles is projected to fuel the market growth. Furthermore, increasing adoption of 3D printing technology is estimated to fuel market growth in the coming years.

Regional Insights:

Europe Dominates Market Due to Increasing Product Demand

Europe holds the largest EMEA polyamide 6 market share, and the region stood at USD 2.34 billion in 2021. The increasing presence of key players and continuous advancements in the market are expected to bolster the regional market growth. Furthermore, rising developments in electric waves for mobility are projected to bolster regional growth.

Germany is projected to hold the second-highest position during the projected period owing to rising production and sales rate. Also, the rising investment in R&D activities is estimated to drive regional market growth.

Competitive Landscape:

Strategic Partnerships Allow Companies to Strengthen their Position

The leading market players focus on forming strategic partnerships and alliances to strengthen their market position. Also, adopting the latest technologies to develop new products allows companies to enhance their product portfolio. The companies can expand their business reach by improving their market strategies and increasing sales rates.

Key Industry Development:

• October 2021:   BP and Lanxess announced a strategic partnership for sustainable raw materials for the production of Nylon 6. The former supply sustainably produced cyclohexane to the Lanxess production site in Antwerp, Belgium.

List of Key Players Profiled in   the Report :

• BASF SE (Germany)
• DuPont (U.S.)
• Lanxess AG (Germany)
• Radici Group (Italy)
• Arkema S.A. (France)
• Ube Industries (Japan)
• RTP Company (U.S.)
• DSM (Netherlands)
• Domo Chemicals (Germany)
• NYOBE NV (Belgium)

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The global   piezoelectric materials market   size was USD 1.45 billion in 2023 and is projected to grow from USD 1.52 billion in 2024 to USD 2.19 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period. The growing development of lead-free piezoelectric materials due to strict regulations will subsequently foster the healthy growth of the market, states Fortune Business Insights, in a report, titled “ Piezoelectric Materials Market, 2025-2032.”   The market size stood at USD 1.31 billion in 2020.

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Market Segments :

Based on material, the market is divided into piezoceramics, piezopolymers, piezo composites, and others. Piezoceramics are further bifurcated into lead zirconate titanate (PZT) and lead-free ceramics.

In terms of application, the market is classified into actuators, motors, transducers, sensors, SONAR, generators & transformers, acoustic devices, resonators, and others.

Based on the end-use industry, the market is separated into automotive, healthcare, IT & telecom, consumer goods, aerospace & defense, and others.

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

What does the report Include?

The report incorporates an important understanding of the market, all-inclusive data about prominent players, distinguished facts and figures, latest developments, key drivers, and restraints, along with imperative information about dominant regions. Moreover, the report also provides a brief study on the COVID-19’s impact on the market.

Driving Factor:

High Aerospace & Defense Expenditure to Augment Growth

Various governments of emerging countries such as India, China, the U.S., Israel, and Japan are spending heavily on defense activities owing to growing security concerns. Countries are significantly investing in military devices such as missile guidance systems, drones, and radars to consolidate their armed capabilities, which, in turn, will spur opportunities for the market. Moreover, the growing space exploration activities have resulted in the high utilization of devices such as sensors, acoustic devices, and SONARs for research on space objects and related environments. Piezoelectric materials play an important role in these devices because of their ability to detect the slightest of change in their range, sustain in harsh conditions, and provide accurate & consistent results. In addition, the surging space exploration activities by private space agencies such as SpaceX can have a tremendous impact on the piezoelectric materials market growth in the forthcoming years.

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Regional Insights:

Surging Production Capacities to Aid Expansion in Asia Pacific

The market size in Asia Pacific accounted for USD 0.89 billion in 2020 and is expected to hold the largest piezoelectric materials market share during the forecast period owing to the well-established manufacturing hub for electronics and consumer goods in China, Japan, Taiwan, India, and South Korea. Moreover, the increasing production capacities of key companies will enable expansion in the region. North America is expected to rise excellently during the forecast period due to the region's extensive space exploration programs. Europe is expected to hold a significant share owing to the booming automotive industry in the region.

Competitive Landscape :

This industry's competitive landscape portrays a very concentrated market, with a few numbers of businesses controlling the bulk of market share. To gain market share, key industry players are investing significant resources in the research and development of innovative materials and their applications.

Key Development :

June 2019:   L3 Technologies, Inc. and Harris Corporation signed a merger for L3Harris Technologies, Inc. This collaboration will establish the newly founded company as an agile aerospace & defense technology innovator and deliver value-laden services to its customers.

The Report Lists the Main Companies in the   Market:

• L3Harris Technologies, Inc. (U.S.)
• CeramTec (Germany)
• Arkema (France)
• Solvay (Belgium)
• Mad City Labs, Inc. (U.S.)
• Piezosystem jena GmbH (Germany)
• Sparkler Ceramics (India)
• Piezomechanik GmbH (Germany)
• TDK Corporation (Japan)
• Murata Manufacturing Co., Ltd. (Japan)
• Kinetic Ceramics (U.S.)
• Hong Kong Piezo Co. Ltd. (China)

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The global   activated carbon market   size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also referred to as activated charcoal, is widely recognized for its superior adsorption capabilities. It serves as a key material across various applications, including air purification, water treatment, and numerous industrial processes. The market has witnessed robust growth driven by rising environmental concerns and the implementation of stringent regulatory standards. Heightened awareness about pollution control has prompted manufacturers to invest in advanced technologies and innovative applications of activated carbon. Its use is expanding particularly in water treatment processes, encompassing drinking water, groundwater, service water, and wastewater purification.

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Segmentation Analysis:

Which type of activated carbon holds the highest market share?
The   granular activated carbon (GAC)   segment holds the highest share of the market. Its dominance is mainly due to strong demand from   air treatment and water purification systems, driven by its   reusability   and   effective contaminant removal   properties.

Why is granular activated carbon preferred over the powdered form?
Granular activated carbon has a   larger particle size   than powdered activated carbon, making it more suitable for   removing contaminants from liquids, air, and gases. This form is especially useful in   continuous filtration systems   and offers the benefit of   easy regeneration and reusability, contributing to its growing market demand.

What are the key applications of granular activated carbon (GAC)?
GAC is widely used in the   food & beverage industry   to remove impurities, odor, and color from products such as   sweeteners, syrups, beverages, amino acids, and organic acids. It is also employed in   wastewater treatment   to eliminate   oil, industrial pollutants, heavy metals, and pesticides.

Which application segment dominates the activated carbon market?
The water treatment segment held the largest share of the activated carbon market in 2024 and is expected to remain dominant throughout the forecast period.

What factors drive the demand for activated carbon in water treatment?
Rising global demand for clean and safe drinking water and the enforcement of strict environmental regulations are key drivers. Activated carbon is widely used in water treatment due to its high porosity and large surface area, which enable it to effectively adsorb organic compounds, odor, taste compounds, toxic substances, and oils.

Market Dynamics:

Drivers

• Rising Demand for Water Purification:   Growing global concerns over clean and safe drinking water, coupled with stricter discharge standards, have boosted the adoption of activated carbon in municipal and industrial water treatment.
• Increasing Air Pollution and Emission Control:   Industrialization and stringent regulations for mercury, VOCs, and flue gas emissions are driving product demand in air purification applications.
• Technological Advancements:   Improved activation techniques and development of specialized pore structures enhance adsorption efficiency, supporting broader industrial applications.

Trends

• Growing Focus on Reactivation and Recycling:   Reactivation of spent activated carbon reduces waste and raw material costs, aligning with global sustainability goals.
• Customized Product Development:   Manufacturers are introducing application-specific carbons with tailored pore size distribution to remove targeted pollutants.
• Shift Toward Renewable Raw Materials:   Rising use of coconut shell and biomass-based carbons to reduce carbon footprint.

Restraints

• High Production Costs:   Energy-intensive activation processes and fluctuating feedstock availability can limit supply and increase costs.
• Competition from Alternative Adsorbents:   Substitutes such as zeolites and synthetic resins may restrain demand in specific applications.

List of Key Companies Profiled:

• Osaka Gas Chemicals Co., Ltd. (Japan)
• Donau Carbon GmbH (Germany)
• Cabot Corporation (U.S.)
• PURAGEN ACTIVATED CARBONS (U.S.)
• CARBOTECH AC GMBH (Germany)
• Kuraray Co., Ltd. (Japan)
• KUREHA CORPORATION (Japan)
• Activated Carbon Technologies (Australia)
• Silcarbon Aktivkohle GmbH (Germany)
• Ingevity (U.S.)
• Iluka Resources (Australia)
• James Cumming & Sons (Australia)

Key Industry Development:

• May 2024 –  Kuraray Co., Ltd. along with its U.S. subsidiary Calgon Carbon Corporation is set to acquire Sprint Environmental Services, LLC’s industrial reactivated carbon business.
• March 2023 –  Cabot Corporation launched the EVOLVE technology program that is involved in advancing sustainable reinforcing carbons. The purpose of the new technology launch was to recover the carbon product from the end-life tiers to renew the waste and reduce the carbon content.

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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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