Category: Chemical and Materials
The Global Electronic Chemicals and Materials 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 Electronic Chemicals and Materials 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 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 Electronic Chemicals and Materials 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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Forecast Growth Projected:
The global electronic chemicals and materials market size was USD 67.35 billion in 2023. The market is projected to grow from USD 71.33 billion in 2024 to USD 113.39 billion in 2032 at a CAGR of 6.0% during the 2024-2032 period.
List of the Key Players in the Electronic Chemicals and Materials Market:
- Linde plc (Ireland)
- Air Products (U.S.)
- Cabot Microelectronics (U.S.)
- BASF AG (Germany)
- Showa Denko Materials Co., Ltd. (Japan)
- Air Liquide (France)
- Solvay A.G. (Belgium)
- Shin-Etsu (Japan)
- Covestro (France)
- Songwon (South Korea)
- Wafer World, Inc. (U.S.)
- Sumco (Japan)
- Global Wafers (U.S.)
- Siltronic AG (Germany)
Competitors Landscape:
The realm of Electronic Chemicals and Materials 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.
Segmentation:
The present study is composed of several unique divisions, neatly sorted by geographic location (nation), producers, classification, and usage. Every section presents a comprehensive overview of the product for the projection timeframe, offering valuable observations into the Electronic Chemicals and Materials Market at hand. This approach to categorizing the information plays a crucial role in assessing the importance of numerous factors that foster market expansion, while also facilitating the recognition of nascent trends and prospects.
What are the New Additions in Electronic Chemicals and Materials 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.
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The global steel slag market size was valued at USD 25.66 billion in 2022 and is projected to reach a valuation of USD 26.83 billion in 2023. The market is expected to reach USD 38.28 billion by 2030 with a CAGR of 5.2% during the forecast period. Steel slag has various minerals which are used in construction materials owing to its high hardness, durability, and ability to improve concrete properties. The demand for road construction is supporting the market growth. Fortune Business Insights ™ shares this information in its report titled “ Global Steel Slag Market, 2025-2030. ”
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Segments
Blast Furnace Slag to Dominate Due to its Increasing Usage in the Form of Hyttsten
On the basis of type, the market is divided into blast furnace slag and steelmaking slag. The blast furnace slag segment dominated as it is used in building roads, pavements, drainage systems, and canals in the form of hyttsten. Steelmaking slag is set to have market growth as the material is highly used in civil engineering and ground excavation for sand pile compaction.
Cement & Concrete to Dominate Due to Beneficial Properties of the Product
On the basis of application, the market is classified into construction, cement & concrete, fertilizers, and others. Cement & concrete segment is set to hold the largest share due to increasing demand for these products owing to various benefits such as high tensile strength, water resistance, hardness, and chemical compatibility.
The market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Water Treatment and Land Reclamation Applications to Drive Market Growth
Water treatment and land reclamation applications are anticipated to drive the steel slag market growth. The market offers opportunities for growth due to distinguished properties of the product such as its excellent adsorption capabilities in water treatment. It has various elements such as phosphate, silica, magnesium, iron, aluminum, and calcium which can be absorbed from sewage. It can be used several and can help in land reclamation in various ways.
Regional Insights
Urbanization and Construction Activities to Drive Market Growth in Asia Pacific
Asia Pacific is set to lead the global steel slag market share due to economic expansion, urbanization, and construction activities. The market reached the valuation of USD 17.49 billion in 2022 due to demand for building material in countries such as China, Japan, and India.
Europe is driven by the demand for the product in infrastructure and industrial developments. Electric arc furnace slag has high stability, durability, and frictional properties, making it suitable as a ballast.
Key Industry Development
- March 2022- ArcelorMittal completed the acquisition of John Lawrie Metals Ltd. to increase the usage of scrap steel to reduce carbon dioxide emissions from steelmaking.
List of Key Players Profiled in the Report: -
- ArcelorMittal (Luxembourg)
- Nippon Steel Corporation (Japan)
- Baosteel Group Corporation (China)
- JFE Steel Corporation (Japan)
- Tata Steel (India)
- POSCO (South Korea)
- Voestalpine Group (Austria)
- thyssenkrupp Steel Europe (Germany)
- Optimus Steel (U.S.)
- KOBE STEEL, LTD. (Japan)
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The global plastics market was valued at USD 524.48 billion in 2024. It is expected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, reflecting a CAGR of 5.1% over the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report titled, “Plastics Market, 2025-2032.”
According to the study, synthetic material has gained considerable traction due to easy manufacturing, lightweight, low cost, and versatility. Amidst depleting sources of polymers, recyclable products could gain considerable traction globally. Notably, healthcare & pharmaceutical, automotive, and packaging sectors will exhibit stellar demand for sustainable packaging solutions.
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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.
Plastics Market Segmentation Analysis:
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.
Major Players Profiled in the Plastics Market Report:
- LyondellBasell Industries N.V. (Netherlands)
- ExxonMobil Chemical (U.S.)
- China National Petroleum Corporation (China)
- INEOS (U.K.)
- China Petroleum & Chemical Corporation (China)
- SABIC (Saudi Arabia)
- Ducor Petrochemicals (Netherlands)
- Reliance Industries Limited (India)
- Formosa Plastic Group (Taiwan)
- Total S.A. (France)
- Braskem (Brazil)
Regional Insights
Asia Pacific to Remain Stronghold with Soaring Demand for Consumer Goods
Stakeholders anticipate the Asia Pacific market forecast to be strong due to increased availability of raw materials. Robust growth in the construction and packaging sectors could foster growth across China, India, and Australia. Expanding footprint of sports goods, textiles, and toys will encourage leading companies to invest in the region.
Bullish demand from healthcare & pharmaceuticals and packaging industries in the U.S. will underpin the North America plastics market growth. Moreover, the automotive and transportation sectors could exhibit strong demand for synthetic materials. Amidst damages to the environment by polymers, recyclable plastics could be the trend reshaping the regional market.
The Middle East & Africa could emerge as favorable investment hubs for plastic manufacturers and suppliers. The robust outlook is primarily attributed to robust demand from the packaging and textile industries. The trend for lightweight packaging and the expanding application of polymers will muster the confidence of leading companies gearing to bolster their portfolios.
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
- January 2022 : Borealis joined hands with Reclay Group to keep up with the demand for recyclate material for use in high-end plastic applications.
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As the chemical industry moves into 2025, strong demand for both commodity and specialty chemicals should keep prices robust throughout the year. However, the industry could face margin pressures amid raw material cost inflation, which will likely remain high through the first half of 2025.
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.”
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List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
- Veolia (France)
- SUEZ Worldwide (France)
- DuPont (U.S.)
- 3M (U.S.)
- Xylem (U.S.)
- Kemira (Finland)
- Evoqua Water Technologies LLC (U.S.)
- Pentair PLC (U.K.)
- Ecolab (U.S.)
- American Water (U.S.)
- Acciona (Spain)
- Hydro International (U.K.)
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 Analysis:
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.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Drivers and Restraints:
Strict Guidelines on Waste Treatment to Encourage Water and Wastewater Treatment Market Growth
With technological progressions in production techniques, the quantity of wastewater produced has increased abruptly in the recent years. Sewage from corporations and factories processing chemicals, rare metals, pesticides and other dangerous chemicals and materials are harmful to the environment and are likely to trigger tragic impacts if not sufficiently treated prior to releasing in freshwater resources.
However, with severe protocols being inflicted on wastewater treatment for businesses, they are prevented from having progressive treatment technologies set up at the locations owing to huge capitalizations to build such factories.
Competitive Landscape:
Purchases Originated by Significant Companies to Sponsor Market Growth
The dominating players in the market repetitively are looking to apply competent approaches to strengthen their brand value as well as endorse the global market growth of the product by facing least imaginable complications. One such competent scheme is securing competitive companies and further safeguarding a lucrative opportunity for both the engaged corporations.
Industry Development:
January 2022 – Xylem and Isle Utilities partnered to scale the breakthrough ‘Trial Reservoir’ water technology. It will create a pool of funding to new companies to undertake trials. Also, by removing the financial uncertainty, new companies will be able to come together and to better solve the water problems .
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Bioplastics refer to materials that have been made from renewable sources and play an important role in reducing the generation of plastic generation. These types of plastics come from different types of renewable biomass sources such as plant starch, cellulose, vegetable fats, and natural sugars. Biomass-based plastics are gaining immense popularity as an effective alternative to conventional plastics as industries are looking for eco-friendly plastic materials. Moreover, a wide range of research & development activities are being conducted in the development of eco-friendly plastics, which is further expected to drive the bioplastics market growth.
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Forecast Growth Projected:
The global bioplastics market size was valued at USD 7.49 billion in 2023 and is projected to grow from USD 7.41 billion in 2024 to USD 56.99 billion by 2032, exhibiting a CAGR of 29.0% during the forecast period.
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List of the Key Players in the Bioplastics Market:
- Novamont S.p.A. (Italy)
- Arkema S.A. (France)
- Matrìca S.p.A. (Italy)
- NatureWorks LLC (U.S.)
- TotalEnergies Corbion (Netherlands)
- PTT MCC Biochem Co., Ltd. (Thailand)
- Roquette Frères (France)
- Biofase (Mexico)
- Genecis (Canada)
- Trifilon (Sweden)
Competitors Landscape:
The realm of Bioplastics 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.
Bioplastics Market Segmentation Analysis:
Biodegradable Plastics to Gain Traction Due to their Wide Usage in Numerous Industries
Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment is expected to hold a dominant bioplastics market share as this type of plastic is finding robust use in many industries such as textiles, packaging, consumer goods, and agriculture.
Demand for Durable and Sturdy Packaging Solutions to Boost Product Use in Rigid Packaging
Based on application, the market covers rigid packaging, flexible packaging, textiles, automotive & transportation, agriculture & horticulture, consumer goods, and others. The rigid packaging segment is predicted to hold the largest market share as many shipping companies are looking for sturdy yet eco-friendly packaging solutions.
With respect to region, the market covers North America, Europe, Asia Pacific, and Rest of the World.
Drivers and Restraints:
Growing Adoption of Eco-Friendly Plastics in Packaging Industry to Fuel Market Progress
Biodegradable plastics are finding major uses in many industry verticals. However, one of the most common applications of these plastics is found in the packaging sector as they exhibit properties that are quite similar to those of conventional plastics. They are used in many rigid as well as flexible packaging solutions. Moreover, the e-commerce industry has expanded considerably in recent years, which has further boosted the demand for packaging materials, thereby enhancing the product adoption.
However, the high cost of these products as compared to conventional plastics will fuel the market expansion.
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The Global Activated Carbon 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 Activated Carbon 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 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 Activated Carbon 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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Forecast Growth Projected:
The global activated carbon market was valued at USD 5.70 billion in 2024. It is expected to decline slightly to USD 5.62 billion in 2025, before expanding to USD 10.04 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.7% over the forecast period.
List of the Key Players in the Activated Carbon Market:
- 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.)
Competitors Landscape:
The realm of Activated Carbon 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.
Activated Carbon Market Segmentation Analysis:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
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The global ceramic coatings market was valued at USD 1.96 billion in 2018 and is anticipated to reach USD 3.32 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period. Ceramic coatings, or high solids coatings, are essentially paints that are loaded with ceramic microspheres. Unlike conventional paints that contain more than 50% water, ceramic coatings comprise of dense solid microspheres, which makes them a highly attractive coating solution in many industries. For example, the oil & gas industry can potentially lose millions of dollars due to ineffective coating. Therefore, the industry extensively employs ceramic coating materials to pipes and other equipment. This is because, when dried, a ceramic coating can form a hardened and impenetrable layer on the metal substrate on which it is applied, thereby preventing corrosion.
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Market Restraint
High Cost of Ceramic Coatings to Negatively Impact the Market
While its wide applicability in various industries is one of the top ceramic coatings market trends, these coatings come with a hefty price tag, which may slow down their demand. For instance, ceramic coating on a budget car can cost between Rs. 25,000 and Rs. 50,000 in India, which may not be affordable for every buyer. Moreover, the cost can go higher if the quality of the coating is superior. In addition to this, ceramic coatings have a few more drawbacks, which may hamper their uptake, especially in the automotive industry. For example, since these coatings are fundamentally a form of paint, even though they blend with the underlying metal, they cannot protect cars’ surfaces from usual scratch agents such as rocks and dust. Similarly, water-based pollutants can create smudges and spots on the surface of a vehicle even after they have evaporated. Unfortunately, ceramic coatings cannot safeguard surfaces from such pollutants.
Regional Analysis
Escalating Demand for Automobiles to Drive the Market in Asia-Pacific
Asia-Pacific boasted a market size of USD 813.1 million in 2018 and is expected to lead the ceramic coatings market share in the forthcoming years mainly on account of exponential growth of the automotive industry in the region. The region is also home to China, the world’s largest market for automobiles, which bodes well for this market. In Europe and North America, the market will be mainly driven by the rapid advancements in their respective aerospace industries. This, coupled with a steady demand for vehicles and a robust transportation infrastructure, will further propel the market in North America and Europe.
Competitive Landscape
Acquisitions and Innovations to Characterize Market Competition
The ceramic coatings market analysis indicates a period of exciting competition in this market as key players look to cement their market position. Their most preferred strategies include mergers and acquisitions and ramped up investment in R&D to launch innovative products.
Industry Developments:
- December 2019: Bodycote, the UK-based coatings specialist, announced that it had entered into a definitive agreement to take over the US-based surface coating technologist Ellison Surface Technologies. Ellison is a reputed provider of thermal sprays and coatings to the US aerospace industry and its acquisition would enable Bodycote to unify its expertise with Ellison’s innovations, providing a gateway into the North American market.
- August 2019: US-based Saint-Gobain Ceramic Materials introduced its newest innovation in Boron Nitride products, the CeraGlide™. The new product line is engineered to address issues related to protection, lubrication, and mold release, especially under conditions of high temperature. The offering will be available in liquid form for brushing applications, but it can be diluted with water for spraying purposes as well.
List of Companies Profiled in the Report:
- Saint-Gobain
- Morgan Advanced Materials
- Integrated Global Services, Inc.
- APS Materials, Inc.
- Praxair S.T. Technology, Inc.
- Ferro Corporation
- Keronite
- Aremco
- Kurt J. Lesker Company
- Bodycote
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The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.
As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.
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Segmentation Analysis:
Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics
In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.
Drivers & Restraints:
Increasing Number of Commercial & Residential Projects to Augment Growth
Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.
In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.
List of the Companies Profiled in the Global Plastic Compounding Market are:
- LANXESS A.G.
- BASF SE
- PolyVisions
- Asahi Kasei Corporation
- Aurora Plastics LLC
- SABIC
- LyondellBasell
- Kingfa SCI. & TECH. CO., LTD.
- DuPont
- Celanese Corporation
- RTP Company
- Adell Plastics
- Other Key Players
Regional Analysis-
Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles
Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.
Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.
This Report Answers the Following Questions:
- What are the plastic compounding market trends?
- How many growth drivers and barriers will the market possess?
- Which organizations are set to remain on top in the market?
- What are the strategies adopted by industry giants to strengthen their position?
- Which segment is set to dominate the market during the forthcoming years?
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The global masterbatch market was valued at USD 10.99 billion in 2018 and is expected to grow to USD 16.35 billion by 2026, reflecting a compound annual growth rate (CAGR) of 5.3% over 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.
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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.
Segmentation Analysis:
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.
Competitive Landscape:
Fragmented Nature of Market will Intensify Competition
The global masterbatches market enjoys a fragmented nature of the market owing to the presence of various players both small and medium-sized. Companies are aiming at a large network of distribution and providing a good supply chain with regulatory expertise. Other players are engaging in collaborative efforts such as joint ventures, partnerships, mergers and acquisitions, contracts and agreements, and others to gain a competitive edge in the market on the one side and earn attracting revenue on the other.
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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The Global Carbon Offsets 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 Carbon Offsets 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 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 Carbon Offsets 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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Forecast Growth Projected:
The carbon offsets market size was valued at USD 1,064.81 billion in 2023 and is projected to grow from USD 1,205.40 billion in 2024 to USD 3,230.29 billion by 2032, exhibiting a CAGR of 13.1% during the forecast period.
List of the Key Players in the Carbon Offsets Market:
- Carbon Credit Capital (U.S.)
- Native (U.S.)
- Green Mountain Energy Company (U.S.)
- EcoAct (U.K.)
- Greenfleet (U.S.)
- ALLCOT (Switzerland)
- 3Degrees Group, Inc. (U.S.)
- WayCarbon (Brazil)
- South Pole (Switzerland)
- TerraPass (U.S.)
Competitors Landscape:
The realm of Carbon Offsets 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.
Segmentation:
The present study is composed of several unique divisions, neatly sorted by geographic location (nation), producers, classification, and usage. Every section presents a comprehensive overview of the product for the projection timeframe, offering valuable observations into the Carbon Offsets Market at hand. This approach to categorizing the information plays a crucial role in assessing the importance of numerous factors that foster market expansion, while also facilitating the recognition of nascent trends and prospects.
What are the New Additions in Carbon Offsets 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.
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