The global   nylon market   size was valued at USD 31.09 billion in 2023 and is projected to grow from USD 32.64 billion in 2024 to USD 48.86 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. This is attributable to the increasing focus on developing innovative products and the growing demand for nylon 66 in the packaging industry across the globe. Fortune Business Insights™, in its latest report, titled,  “Nylon Market Size, Share & COVID-19 Impact Analysis, By Type (Nylon 6 {resin & fiber} Nylon 6,6 {resin & fiber}), By Application (Automotive, Electrical & Electronics, Appliances, Film & Coating, Wire & Cable, Consumer, Industrial & Machinery and others), and Regional Forecast, 2025-2032,” .

Nylon is a type of polymer that is produced by the reaction between carbon-based chemicals that are usually found in petroleum and coal under high pressure. It is widely adopted to manufacture plastic machine parts and electronics owing to its high tensile strength, non-conductivity, heat resistance, and low-cost properties. Additionally, it is used for manufacturing bolts, screws, nuts, and washers in the automotive industry across the globe.

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Segmentation Analysis:

By Type Analysis:  By type, the market is segregated into Nylon 6 (resin, fiber) and Nylon 6,6 (resin, fiber). Nylon 6 fibers dominate the global market due to their strong adoption in the textile industry. Due to its high mechanical strength, toughness, and wear resistance, it is used to manufacture webbing products such as dog leashes, safety belts, luggage straps, sports goods, and others.

By Application Analysis:  By application, the market is categorized into automotive, electrical & electronics, appliances, film & coatings, wire & cables, consumer, industrial & machinery, and others. The automotive segment accounted for the largest nylon market share in 2023. Due to the high usability of the resin and fiber in automobiles in the form of tire cord, airbags, and injection molded components, results in high revenue generation from the automotive segment. The demand for plastics to optimize fuel efficiency and reduce vehicle weight is continuously increasing in the automotive industry. With the increasing sales of electric vehicles and the establishment of proper electric vehicle infrastructure, engineering plastics are expected to play a major role.

List of the Companies Profiled in the Market:

• DuPont (U.S.)
• BASF SE (Germany)
• Lanxess AG (Germany)
• Nylon Corporation of America, Inc. (NYCOA) (U.S.)
• Shenma Industrial (China)
• Ascend (Thailand)
• Domo Chemicals (Belgium)
• Radici Partecipazioni SpA (Italy)
• Invista (U.S.)
• DSM (The Netherlands)
• Formosa Group (Taiwan)
• SINOPEC (China)
• Ube Industries (Japan)
• LIBOLON (Japan)
• ZIG SHENG INDUSTRIAL CO., LTD. (Taiwan)
• Other

DRIVING FACTORS:

Increasing Adoption of Product from the Packaging Industry to Favor Growth

Polymeric products such as nylon 66 have excellent properties such as high elasticity that are extensively adopted across several industries. For instance, they are adopted as films and coatings in the packaging industry owing to their high tensile strength and toughness. The industrial applications include packaging of food and fluids such as oils, grease, and acidic food and they are in great demand across other industrial applications. Additionally, the increasing focus on developing advanced nylon products to cater to the increasing consumer demand is expected to bode well for the growth of the global nylon market in the forthcoming years.

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REGIONAL INSIGHTS:

Increasing Demand for Films & Coating in Asia-Pacific to Aid Growth

Among all the regions, the market in Asia-Pacific stood at USD 13.92 billion in 2019 and is expected to hold the highest position in the global market during the forecast period. This is attributable to the increasing demand for films and coating from the packaging industry in countries such as India and China in the region.

North America is anticipated to experience significant growth owing to the growing automotive industry and the increasing production of nylon 66 polymers by the manufacturers between 2020 and 2027.

COMPETITVE LANDSCAPE:

Major Companies Focus on Product Expansion Facilities to Strengthen Their Market Positions

The global nylon market is fragmented by the presence of several major companies that are focusing on consolidating their positions by expanding their production facilities and cater to the increasing demand for the product across several industrial applications. The other key players are adopting strategies such as merger and acquisition, partnership, and collaboration to maintain their presence in the highly competitive global marketplace.

Industry Development:

• April 2023:  Microwave Chemical and Asahi Kasei together launched a demonstration project for the commercialization of the chemical recycling process for Nylon 66 using microwave technology.
• April 2023:  Tire and nylon manufacturing company Kordsa announced to invest USD 50 million for the expansion of its nylon production at its Chattanooga plant. The move is anticipated to enable the company to meet the rising demand from the automotive industry.

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The global   iron powder market   size was USD 1.78 billion in 2024. The market is projected to grow from USD 1.64 billion in 2025 to USD 2.42 billion by 2032 at a CAGR of 5.7% during the period 2025-2032. This information is published by Fortune Business Insights in its latest report titled,   “Iron Powder Market, 2025-2032.”   The growing demand for automobiles and rising disposable incomes are key factors propelling the market growth. Expanding automobile production in countries such as China, Japan, and India is expected to further drive the need for components manufactured using iron powder. Additionally, the increasing adoption of additive manufacturing technologies in the automotive sector is anticipated to boost market expansion. The potential use of powdered iron as an alternative fuel source is also expected to positively influence the market outlook. Major players operating in the market include Rio Tinto, Höganäs AB, and JFE Steel Corporation. However, the market growth may be restrained by the rising prevalence of chronic illnesses associated with excessive consumption of iron-rich supplements.

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Market Segmentation:

By Type:
The atomized segment is projected to hold the largest share of the global iron powder market in terms of revenue during the forecast period. Atomized iron powder, produced by melting iron and converting it into fine particles through atomization, is highly valued for its purity, uniformity, and superior performance characteristics. It finds extensive application in additive manufacturing (3D printing), metal injection molding, and welding processes. The growing adoption of 3D printing technologies and the increasing demand for advanced materials in industries such as aerospace, healthcare, and electronics are key factors driving the demand for atomized iron powder.

By End-Use Industry:
The automotive segment is expected to dominate the market throughout the forecast period. The automotive industry represents one of the largest consumers of iron powder, primarily for manufacturing Powder Metallurgy (PM) components. The segment’s growth is driven by the rising need for lightweight, durable, and cost-efficient materials that enhance fuel efficiency and reduce emissions. Moreover, the accelerating transition toward Electric Vehicles (EVs) is boosting the demand for iron powder in the production of Soft Magnetic Composites (SMCs), which are essential for electric motors and other EV components. Major regions contributing to this demand include Asia Pacific, Europe, and North America, owing to their strong automotive manufacturing presence.

List of the Companies Operating in the Global Market:

• JFE Steel Corporation (Japan)
• Höganäs AB (Sweden)
• Reade International Corporation (U.S.)
• Industrial Metal Powders (India) Pvt. Ltd. (India)
• American Elements (U.S.)
• ATI (U.S.)
• Ashland (U.S.)
• BASF (Germany)
• CNPC Powder (China)
• Rio Tinto Metal Powders (U.K.)
• Other Players

DRIVING FACTORS:

Increasing Demand for Clean Fuel Energy Source to Promote Growth

Finely grounded powder during burning emits high temperature and energy as it goes through an oxidation process with zero carbon emission. The iron oxide obtained as a residual product through this process is recycled and the powdered iron serves as an energy storage medium. Owing to their several benefits such as low emission level, cost-effective, and sustainability, powdered iron is gaining traction as a clean fuel energy source across the globe. This is expected to boost the global iron powder market growth during the forecast period.

Further Report Findings:

• Asia-Pacific is expected to hold the highest position in the market during the forecast period. This is ascribable to factors such as China being the manufacturing hub of electronics products is expected to boost the product’s adoption in the region. Asia-Pacific stood at USD 1,921.8 million in 2020.
• The market in Europe is expected to experience considerable growth backed by the increasing focus of the OEM manufacturers to develop iron powder products and components to reduce the overall weight of the vehicle.
• The Middle East and Africa is expected to showcase considerable growth during the forecast period. This is attributable to the growing demand for the product from several industrial applications such as surface coating, chemical reagents, and oxygen absorbers.
• Based on type, the electrolytic segment held a global iron powder market share of about 23.0% in 2020 and is likely to experience exponential growth due to the high demand for electrolytic powdered iron as a reagent and catalyst in the synthesis process of diamonds.

COMPETITIVE LANDSCAPE:

Facility Expansion by Major Companies to Intensify Industry Competition

The global market for iron powder comprises small, medium, and large companies striving to maintain a stronghold by focusing on expanding their facilities to develop powdered metal materials to cater to the growing demand from industries such as automotive, healthcare, and others. Moreover, the adoption of strategies such as collaboration, the introduction of new products, and merger and acquisition by other key players is expected to boost the growth of the market between 2021 and 2028.

Industrial Development:

• March 2025:   Höganäs AB partnered with Porite TAIWAN Co., Ltd. to supply its new zero sponge iron powder, replacing standard sponge powders and reducing carbon emissions in Porite’s production processes.
• January 2024:   JFE Steel Corporation, along with JFE Techno-Research and Armis Corporation, developed an axial-gap motor using insulation-coated pure-iron powder Denjiro, offering the same power as larger radial-gap motors while being 48% thinner and 40% lighter.

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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. The growing demand for consumer electronics such as smartphones, laptops, and tablets is a key factor driving the consumption of rare earth elements. In developing economies, market growth is expected to accelerate due to rapid industrialization, expanding construction activities, and government-led digitization initiatives. Additionally, the rising adoption of electric vehicles (EVs) in countries such as Germany, the U.S., and the U.K. is anticipated to further boost the consumption of rare earth minerals. Strict regulations on carbon emissions and growing environmental concerns have also encouraged the development of renewable energy sources, thereby increasing the use of these elements. However, factors such as the high cost of rare earth minerals and the strong market dominance of China-based manufacturers are likely to restrain market growth.

Fortune Business Insights™   provides this information in its research report, titled   “Rare Earth Elements Market , 2025-2032”.

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Segmentation Analysis:

By Type Analysis:

Based on type, the market is categorized into lanthanum, cerium, neodymium, praseodymium, samarium, europium, and others. The neodymium segment dominated the market in 2023, driven by its extensive use in electric and hybrid vehicles. Neodymium-based permanent magnets are key components in EV batteries and motors, supporting the segment’s strong growth. The cerium segment is expected to expand steadily, fueled by rising demand from the automotive sector. Cerium is widely utilized in catalytic converters and exhaust systems to reduce harmful emissions, thereby enhancing vehicle performance and environmental compliance.

By Application Analysis:

Based on application, the market is segmented into magnets, metallurgy, batteries, polishing, glass and ceramics, catalysts, phosphors, and others. The magnets segment accounted for the largest share of the rare earth elements market in 2023. This dominance is attributed to high demand from manufacturers of servo motors, hard drives, sensors, speakers, and other electronic devices. The batteries segment is projected to register the fastest CAGR over the forecast period, propelled by increasing adoption of electric and hybrid vehicles and advancements in energy storage technologies. The shift toward low-emission mobility solutions continues to drive the demand for rare earth-based battery materials.

Drivers & Restraints:

Drivers:

• Rising Demand for Neodymium Magnets in EV Production:  The increasing adoption of electric and hybrid vehicles is fueling the demand for neodymium-based permanent magnets, which are essential for EV motors and batteries. This surge in EV manufacturing is a key factor propelling market growth.
• Expanding Use in Automotive Catalytic Converters:  The rising demand for cerium, driven by its application in automotive exhaust systems and catalytic converters to reduce emissions, is supporting market expansion.
• Growing Applications Across Electronics and Energy Storage:  The rising usage of rare earth magnets in consumer electronics such as smartphones, sensors, and audio devices, coupled with the growing demand for rare earth-based batteries in energy storage systems, further contributes to market growth.

Restraints:

• Supply Chain Instability and Price Fluctuations:  Dependence on limited mining regions and fluctuating prices of rare earth elements may hinder market stability and profitability.
• Environmental Concerns Related to Mining:  The extraction and processing of rare earth elements pose environmental challenges, such as radioactive waste and water contamination, which may limit production activities and regulatory approvals.

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.

Key Industry Development:

May 2023-   Silgan Dispensing expanded its Melodie fragrance pump production to China, focusing on providing major fragrance brand owners in the Asia-Pacific region with a local footprint and enhanced service.

A list of renowned rare earth elements providers operating in the global market:

• Baotou Rare Earth (China)
• China Minmetal Rare Earth (China)
• Avalon Advanced Materials (Canada)
• IREL (India)
• Metall Rare Earth Limited (China)
• Arafura Resources (Australia)
• Canada Rare Earth Corporation (Canada)
• Lynas Corporation (Australia)
• Northern Minerals (Australia)
• Greenland Minerals Limited (Australia)
• Other Players

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The global   water purifier market   size was valued at USD 35.01 billion in 2024. The market is projected to grow from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.  Fortune Business Insights™   has delved into these insights in its latest research report, titled, “ Water Purifier Market ,   2025-2032 .”

According to the analysis, commercial and residential sectors are likely to be the major recipients of water purification technology. Industry players expect RO and UV filters to be sought-after across end-use applications. For instance, in September 2021, A.O. Smith rolled out an under-the-counter water treatment unit with UV plus silver activated post-carbon technology in India.

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Segmentation Analysis:

By Product Type Analysis

The point-of-use filters segment is further divided into countertop filters, under the counter filters, pitcher filters, faucet-mounted filters, and others. Among the two major segments, the point-of-use filters segment held the largest share of the market in 2024. Point-of-use filters are compressed systems and requires less space. The lower volume capacity of these filters makes them suitable for lighter applications. Among point-of-use water filters, countertop filters are major contributors to the revenue of the segment.

By Category Analysis

The RO filters segment held the largest revenue share of the market in 2024. RO water filters remove 99% of the contaminants and are specially used to produce bottled quality water. These filters are witnessing high demand to treat hard water owing to their excellent barrier against harmful minerals. Sometimes, RO filters restrict essential minerals, such as iron, calcium, and magnesium, which can alter the taste of the water.

Drivers and Restraints:

Smart Purification Trend to Propel Industry Growth

Well-established players are well poised to invest in smart purifiers through the integration of advanced technologies. Water purifier market share will gain traction from the demand for purifiers that can monitor usage and send alerts or notifications at the end of their maintenance cycle. The strong demand from emerging economies will encourage water purifier suppliers to invest in Asia Pacific and Latin America. With the demand to reduce weight and boost the immune system soaring, industry players will continue to invest in technological advancements.

However, the high maintenance cost of filters may challenge leading companies to expand their penetration in the ensuing period.

Regional Insights:

Heightened Awareness about Waterborne Diseases to Encourage Investment in Asia Pacific

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

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

Industry players expect the U.S. and Canada to witness profound investments in point-of-use filters for lighter applications. North America market outlook will be strong in the wake of the rising penetration of point-of-entry filters across residential and commercial applications. Water purification technologies, such as RO filters, will continue to receive an uptick across the region over the next few years.

List of key Companies Profiled:

• A. O. Smith Corporation (U.S.)
• Brita LP (U.S.)
• Pentair PLC (U.S.)
• Culligan International Company (U.S.)
• Unilever PLC (U.K.)
• Panasonic Corporation (Japan)
• LG Electronics (South Korea)
• Helen of Troy Limited (U.S.)
• Best Water Technology Group (Austria)
• Kent RO Systems Ltd. (India)
• iSpring Water Systems LLC (U.S.)
• The 3M Company (U.S.)
• Honeywell International Inc. (Switzerland)
• General Electric Company (U.S.)

Key Industry Development:

• November 2022 -  Culligan International merged with Waterlogic Group Holding to create ‘Culligan’, a leader in clean and sustainable drinking water solutions.
• August 2022:  LG Electronics launched its latest water purifier system, the PuriCare Self-Service Tankless Water Purifier, in the Malaysian market. The newly launched system comes with user-replaceable filters.

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The global   fiber cement market   size was valued at USD 13.15 billion in 2023 and is projected to grow from USD 13.60 billion in 2024 to USD 18.41 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period. An advanced material used in construction, fiber cement is made of cellulosic fiber, portland cement, and silica that augments elasticity and structural strength of products. The materials’ advantages over traditional cements increase their demand, propelling the growth of the market during the projected period.   Fortune Business Insights presents this information in their report titled "Global Fiber Cement Market, 2025–2032."

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Segments:

Wide Availability and Cost Effectiveness Augments Portland’s Growth

By material, the market is classified into portland, silica, cellulosic, and others. Portland holds the largest fiber cement market share, owing to advantages offered such as temperature reduction of ceiling walls, cost-effective, and wide availability propels growth.

Siding Dominates Market with Several Advantages over Other Products

By application, the market is categorized into siding, roofing, cladding, molding & trimming, and others. Siding dominates the market with its robust properties that include significant tensile strength, structural flexibility, crackproof, and low maintenance cost. 

Rise in Urbanization Drives Dominance of Residential Segment

By end-use, the market is bifurcated into residential and non-residential. Rapid urbanization, increasing population, and growing construction activities drive the growth of the residential segment.

Drivers and Restraints

Robust Properties of Fiber Cement Increases Demand Bolstering Market Growth

Considered as an advanced material in the construction sector, the product has witnessed prolific demand in recent years. The younger population has been observed to shift toward urban areas to experience a better lifestyle, which has surged construction activities giving rise to product demand. Growing industrialization and high demand are anticipated to upscale the fiber cement market growth.

However, strict laws regarding the use of fibrous silicate minerals and health issues associated with it are likely to limit the product’s adoption.

Regional Insights

Asia Pacific Driven by Growing Surge in Residential Projects

Asia Pacific dominates the market and held a market revenue in 2022 for USD 5.49 billion. The growth of the market can be attributed to rising population and increasing residential projects along with surge in exterior and interior designing activities.

North America to observe growth with increasing demand for fiber cement for safety and aesthetic appeal it provides to residential projects.

Competitive Landscape

Strong Regional Presence Solidifies Market Leaders Position

The market consists of large players fiercely competing to solidify their positions. Participants actively focus on innovations, acquisitions, mergers, and collaborations to increase global reach. Industry leaders maintain competitive edge with wide network for distribution, innovative product offerings, and strong presence.

Key Industry Development

• December 2023 -  ETEX Group strengthened its presence in the market by acquiring BCG’s fiber cement business. The acquisition focused on maximizing the company’s revenue from the fiber cement business segment.
• November 2022-  ETEX Group announced the acquisition of USRA. The acquisition aims to establish a presence in lightweight, sustainable building solutions, including plasterboard and cement.

Major Players Profiled in the Report:

• James Hardie Industries PLC (Ireland)
• ETEX Group (Belgium)
• Evonik Industries (Germany)
• Saint Gobain (France)
• CSR Limited (Australia)
• Nichiha Corporation (Japan)
• Cembrit Group A/S (Denmark)
• The Siam Cement Public Company Limited (Thailand)
• plycem corporation (Costa Rica)
• Beijing Hocreboard Building Materials Co. Ltd. (China)

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UK: +448085020280

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The global   fiber cement market   size was valued at USD 13.15 billion in 2023 and is projected to grow from USD 13.60 billion in 2024 to USD 18.41 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period. An advanced material used in construction, fiber cement is made of cellulosic fiber, portland cement, and silica that augments elasticity and structural strength of products. The materials’ advantages over traditional cements increase their demand, propelling the growth of the market during the projected period.   Fortune Business Insights presents this information in their report titled "Global Fiber Cement Market, 2025–2032."

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Segments:

Wide Availability and Cost Effectiveness Augments Portland’s Growth

By material, the market is classified into portland, silica, cellulosic, and others. Portland holds the largest fiber cement market share, owing to advantages offered such as temperature reduction of ceiling walls, cost-effective, and wide availability propels growth.

Siding Dominates Market with Several Advantages over Other Products

By application, the market is categorized into siding, roofing, cladding, molding & trimming, and others. Siding dominates the market with its robust properties that include significant tensile strength, structural flexibility, crackproof, and low maintenance cost. 

Rise in Urbanization Drives Dominance of Residential Segment

By end-use, the market is bifurcated into residential and non-residential. Rapid urbanization, increasing population, and growing construction activities drive the growth of the residential segment.

Drivers and Restraints

Robust Properties of Fiber Cement Increases Demand Bolstering Market Growth

Considered as an advanced material in the construction sector, the product has witnessed prolific demand in recent years. The younger population has been observed to shift toward urban areas to experience a better lifestyle, which has surged construction activities giving rise to product demand. Growing industrialization and high demand are anticipated to upscale the fiber cement market growth.

However, strict laws regarding the use of fibrous silicate minerals and health issues associated with it are likely to limit the product’s adoption.

Regional Insights

Asia Pacific Driven by Growing Surge in Residential Projects

Asia Pacific dominates the market and held a market revenue in 2022 for USD 5.49 billion. The growth of the market can be attributed to rising population and increasing residential projects along with surge in exterior and interior designing activities.

North America to observe growth with increasing demand for fiber cement for safety and aesthetic appeal it provides to residential projects.

Competitive Landscape

Strong Regional Presence Solidifies Market Leaders Position

The market consists of large players fiercely competing to solidify their positions. Participants actively focus on innovations, acquisitions, mergers, and collaborations to increase global reach. Industry leaders maintain competitive edge with wide network for distribution, innovative product offerings, and strong presence.

Key Industry Development

• December 2023 -  ETEX Group strengthened its presence in the market by acquiring BCG’s fiber cement business. The acquisition focused on maximizing the company’s revenue from the fiber cement business segment.
• November 2022-  ETEX Group announced the acquisition of USRA. The acquisition aims to establish a presence in lightweight, sustainable building solutions, including plasterboard and cement.

Major Players Profiled in the Report:

• James Hardie Industries PLC (Ireland)
• ETEX Group (Belgium)
• Evonik Industries (Germany)
• Saint Gobain (France)
• CSR Limited (Australia)
• Nichiha Corporation (Japan)
• Cembrit Group A/S (Denmark)
• The Siam Cement Public Company Limited (Thailand)
• plycem corporation (Costa Rica)
• Beijing Hocreboard Building Materials Co. Ltd. (China)

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

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The global   physical vapor deposition market   size is expected to experience considerable growth by reaching USD 40.97 billion by 2028 while exhibiting a CAGR of 8.2% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled   “ Physical Vapor Deposition Market, 2025-2032.”   The report further mentions that the market stood at USD 22.43 billion in 2020. Factors such as the increasing demand for eco-friendly coating processes and the growing demand for medical equipment amid the COVID-19 crisis are expected to propel the product’s demand in the forthcoming years.

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List of the Companies Profiled in the Market:

• Advanced Energy Industries, Inc. (USA)
• Intevac (USA)
• Oerlikon Balzers (Switzerland)
• Impact Coatings AB (Sweden)
• AJA International, Inc. (USA)
• Dynavac (USA)
• Denton Vacuum (USA)
• Angstrom Engineering, Inc. (Canada)
• CHA Industries, Inc. (USA)
• IHI HAUZER Techno Coating B V (The Netherlands)
• The Kurt J Lesker Company (USA)
• Other Key Players

Market Segmentation

By Category Analysis:
The global physical vapor deposition (PVD) market is segmented into equipment, materials, and services. The equipment segment, comprising thin film deposition devices for thermal evaporation, sputtering, and arc vapor deposition, dominates the market. These are widely used in industries such as solar, microelectronics, data storage, and medical. Asia-Pacific is expected to witness the fastest growth, driven by the rising demand for high-performance coatings offering superior thickness, uniformity, and adhesion.

By Application Analysis:
The microelectronics segment held the largest share in 2023, accounting for over one-third of the market. PVD is extensively used in device fabrication and plating seed layers, providing hard, uniform, and temperature-resistant coatings that enhance microelectronics performance. Rapid industrialization in China, India, Japan, the U.S., Germany, and Brazil supports segment growth.

DRIVING FACTORS

Increasing Demand for Eco-friendly Coating Processes to Promote Growth

According to Eurostat, the industrial sector accounts for more than half of the total emissions in Europe. The rising concern over greenhouse emissions has propelled the demand for environmentally safe products. For instance, the physical vapor deposition process adopts eco-friendly products such as titanium nitride (TiN) and chromium nitride (CrN). These materials are coated on corrosion-resistant electroplating and further enhance the finish of the surface. In addition, they offer superior performance without the risk of environmental hazards. Therefore, owing to this, the high demand for eco-friendly coating processes across several industrial applications is expected to favor the growth of the market during the forecast period.

REGIONAL INSIGHTS

Asia-Pacific –   The region stood at USD 10.25 billion in 2020 and is expected to hold the highest position in the market during the forecast period. This is owing to the increasing consumption of medical equipment and solar products in countries such as China. Besides, the presence of eminent physical vapor deposition solution providers will favor regional growth during the forecast period.

North America –   The region is expected to experience significant growth owing to the well-established supply chain network and distributorship in the region. Moreover, the increasing adoption of the physical vapor deposition process in the manufacturing of solar panels and cutting tools will boost the growth of the market between 2021 and 2028.

COMPETITIVE LANDSCAPE

Major Companies Focus on Investment in R&D Activities to Brighten Their Market Prospects

The market comprises small, medium, and large companies that are striving to maintain a stronghold. The companies are investing in R&D activities to develop advanced physical vapor deposition solutions to cater to the growing demand from several industrial applications. Moreover, other key players are adopting organic and inorganic growth strategies that are likely to bode well for market growth.

Industry Development:

• April 2022:  Impact Coatings established a subsidiary in Shanghai, China, to increase the availability of coating solutions and services in the country.
• February 2021 : Dynavac announced a significant increase in capital investment, facility size, and workforce. The company focuses on competitive advantage based on growth in both the thin film and space simulation markets. These investments will allow them to keep up with the needs of their customers.

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The global   plastic crates market   was valued at USD 3.70 billion in 2024. The market is projected to grow from USD 3.95 billion in 2025 to USD 6.47 billion by 2032, exhibiting a CAGR of 7.33% during the forecast period. The market includes the global industry of designing, producing, distributing, and selling reusable, durable containers for various sectors. These crates, essential for storing and transporting goods, are particularly valued in the food and beverage industry for their durability and ease of cleaning. Incorporating RFID and IoT in plastic crates facilitates real-time tracking and monitoring, improving supply chain visibility and efficiency, thus driving market growth.

Fortune Business Insights™   provides this information in its research report, titled   “ Plastic Crates Market, 2025-2032”.

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Segmentation Analysis:

• Material:   Polyethylene leads due to HDPE’s balance of toughness and flexibility, ensuring durability and prolonged reuse.
• Type:   Stackable crates dominate because their design improves stability, reduces tipping, and ensures safe product handling.
• End-Use Industry:   Food & beverage sector leads; stackable, durable crates streamline logistics and minimize product damage.
• Region:   Asia Pacific holds the largest market share, driven by population growth, rising consumption, and a booming food & beverages sector.

Drivers and Restraints:

Focus on Sustainability and Environmental Concerns   to Propel Market Growth

Increasing environmental concerns and regulatory pressures drive demand for reusable and recyclable plastic crates, fostering plastic crates market growth. Moreover, growing consumer awareness and preference for environmentally friendly products spur demand for such products, incentivizing innovation in materials and manufacturing processes to meet sustainability goals.

However, volatility in petroleum-based raw material prices disrupts manufacturing cost structures, impacting profit margins and pricing stability for product.

Regional Insights:

Asia Pacific Dominates the Market Owing to Population Growth and Consumption Boom

Asia Pacific captures the largest plastic crates market share. The Asia Pacific's expansive population and thriving food and beverages sector, fueled by a rising middle class, propel the demand for such products.

North America's formidable industrial base and efficient logistics network, combined with a flourishing food and beverages sector, propel the demand for plastic crates, cementing the region's status as a key market player.

Competitive Landscape:

Industry Participants Focus on Providing Innovative Packaging Solutions to Expand their Customer Base

The global plastic crates market exhibits high fragmentation and intense competition. Major market players dominate by providing innovative packaging solutions, constantly aiming to broaden their customer base and drive innovation.

List of Key Companies Profiled:

• Schoeller Allibert (Netherlands)
• Brambles Limited (U.K.)
• Monoflo International (U.S.)
• Rehrig Pacific Company (U.S.)
• ENKO Plastics Ltd. (Bulgaria)
• Gamma-Wopla nv (Belgium)
• TranPak Inc. (U.S.)
• RPP Containers (U.S.)
• Ribawood (Spain)
• Alfa Plastic Industry L.L.C (UAE)
• PLIHSA (Honduras)
• Ravensbourn Limited (U.K.)
• The Supreme Industries Ltd (India)

Key Industry Development:

• 
  

  April 2024:  Xuan Sheng Plastic launched a new line of foldable plastic crates. These recyclable crates support eco-friendly practices, helping businesses boost sustainability while maintaining operational efficiency.

• 
  

  November 2023:  Fresh Del Monte Produce Inc. partnered with Arena Packaging to introduce Reusable Plastic Containers (RPCs) for bananas, enhancing airflow and extending shelf life during shipments.

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The global   phosphoric acid market   was valued at USD 35.2 billion in 2023. It is projected to grow from USD 37.0 billion in 2024 to USD 54.0 billion by 2032, exhibiting a CAGR of 4.9% during (2024-2032). Phosphoric acid (H₃PO₄) plays a crucial role in producing phosphate salts, which serve as key ingredients in fertilizers. It is primarily transformed into three main types of salts — triple superphosphate (TSP), diammonium hydrogen phosphate (DAP), and monoammonium dihydrogen phosphate (MAP). Owing to its extensive demand in fertilizer manufacturing and various industrial applications, phosphoric acid ranks as the second most widely produced inorganic acid after sulfuric acid. Its effectiveness in addressing phosphorus deficiencies in plants makes it indispensable in fertilizer production. Beyond agriculture, it is also utilized in dental cements, albumin derivative preparation, as well as the sugar and textile industries. The broad range of these applications is expected to propel the market’s growth over the forecast period.

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Market Trends:

Why is higher food production per acre becoming more important?
With most of the population increasingly concentrated in urban areas, per capita farmland is declining. Higher food production per acre is necessary to meet the growing food demand.

How is arable land changing globally?
According to the FAO, arable land per person has been decreasing. It fell from 0.38 hectares in 1970 to 0.23 hectares in 2000, and it is projected to drop further to 0.15 hectares per person by 2050.

Which regions have high or low land utilization?
South Asia cultivates 94% of its potentially arable land, while sub-Saharan Africa uses only 22% of its theoretically arable land.

How is the Asia Pacific market performing?
The Asia Pacific phosphoric acid market grew from USD 18.3 billion in 2022 to USD 19.2 billion in 2023.

Segmentation Analysis:

What are the main applications of phosphoric acid?
The market is segmented into fertilizers, animal feed, food additives, and others. Phosphoric acid is also used in industrial water treatment, phosphating metal treatment, machine washing, pH adjustment, aqueous paints, varnishes, wash primer systems, rust conversion, and horticultural fertilizers.

How is fertilizer demand expected to grow?
Global fertilizer demand is forecast to rise at an average annual rate of 0.7%, reaching 197.1 million tons of nutrients by the end of 2024, according to the International Fertilizer Association (IFA).

How is phosphorus consumption expected to change relative to other nutrients?
P₂O₅ (phosphate) consumption is projected to grow slightly faster, at +0.8% per year, compared with nitrogen (N) at +0.7% and potassium oxide (K₂O) at +0.6%.

List of Key Companies Profiled:

• Nutrien (Canada)
• The Mosaic Company (U.S.)
• OCP (Morocco)
• Ma’aden (Saudi Arabia)
• EuroChem Group AG (Switzerland)
• Solvay S.A. (Belgium)
• Arkema (France)

Key Industry Development:

• February 2024 –  Coromandel International Ltd (CIL) announced plans to increase the production capacities of phosphoric acid and sulphuric acid at its plant located in southeastern Andhra Pradesh.
• December 2023 –  PhosAgro shared plans to expand its overall agrochemical production by 1.4 million tons by 2026 compared to its production capacity in 2023. The expansion also includes developing company’s phosphoric and sulphuric acid production facilities.

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The global   nickel market   size was USD 41.61 billion in 2023 and is projected to grow from USD 44.59 billion in 2024 to USD 73.15 billion by 2032 at a CAGR of 7.3% during the forecast period. Fortune Business Insights ^TM   has presented this information in its report titled, “Nickel Market, 2025-2032”. Nickel (Ni) is a naturally occurring silvery-white, shiny metallic element. Because of its remarkable physical and chemical qualities, the substance is a required component in a variety of products. Its principal use is alloying stainless and heat-resistant steels, particularly with chromium and other metals. Lower-grade Ni ore can now be processed because of advances in mining, smelting, and refining technology. Furthermore, rising exploratory operations by mining corporations, fueled by low commodity prices, are expected to enhance Ni metal uptake. Furthermore, increasing technological advancements in stainless steel and rising consumer spending on Ni-based items, such as alloys and batteries, would boost global market expansion over the anticipated timeline.

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Segmentation Analysis:

The global nickel market is segmented into stainless steel, special steels, batteries, electroplating, alloys, and others.

Which segment holds the largest market share?
The stainless steel segment dominates the global nickel market. Rapid expansion in the construction and automotive industries and increasing consumer spending on stainless steel products such as tableware, cutlery, kitchen sinks, and furniture are key factors driving demand.

Why is nickel important in stainless steel production?
Nickel is a key alloying element that enhances formability, weldability, and corrosion resistance in stainless steel. It also improves ductility and toughness, making it vital for various applications in the automotive and building sectors.

How is nickel used in special steels?
In special steels, nickel contributes to the production of austenitic (face-centered cubic) crystal structures that are known for their superior strength and flexibility, thus driving demand in specialized industrial applications.

What is boosting demand in the batteries segment?
The batteries segment is witnessing strong growth due to advancements in nickel-containing battery technologies and the rising adoption of electric vehicles (EVs). Nickel improves energy density and storage capacity while keeping battery costs lower, making it a preferred material for EV manufacturers.

Why is nickel used in electroplating?
In the electroplating segment, nickel is valued for its corrosion and wear resistance, as well as its excellent adhesion properties for subsequent coating layers. It is widely used as an undercoat to improve surface protection and enhance the appearance of finished products.

Drivers & Restraints:

What is driving the growth of the nickel market?
The major driver is the rising demand for stainless steel in automotive, consumer goods, and construction industries. Stainless steel accounts for over two-thirds of global nickel consumption, as it offers lightweight durability, tensile strength, and ease of manufacture.

What challenges does the nickel market face?
One major restraint is the rising price of nickel, which makes it a costly raw material for manufacturers in several end-use industries, potentially impacting overall market growth.

Regional Insights:

The Asia Pacific region led the nickel market with a value of USD 26.92 billion in 2020, driven by technological advancements in stainless steel and strong growth in China’s construction and automotive sectors. In Europe, demand is boosted by stainless steel use in electric vehicles, while the U.S. market grows with rising construction activity and nickel’s superior strength properties. The Middle East & Africa see demand from special steel applications, and South America experiences growth from increasing use of nickel alloys in medical implants and orthopedic devices.

Competitive Landscape:

Companies Expand their Business as a Strategic Initiative

Vale, BHP, Anglo American plc, and Eramet are among the market's leading producers. These businesses are involved in product development, capacity expansion, acquisitions, and market collaborations. Anglo American is a mining firm that deals in Ni, diamonds, platinum, copper, and iron ore. Codemin mine produces around 9,000 tonnes of Ni per year for the domestic market.

Industry Development:

• March 2025 -  Anglo American reported a 3% year-over-year increase in Q1 2025 nickel production, totaling 9,800 tonnes, driven by operational stability at the Barro Alto mine. The company also announced the sale of its nickel business to MMG Singapore Resources Pte. Ltd., expected to be completed by Q3 2025.
• February 2025 -  Sumitomo reported a 4.36% year-over-year decline in Q4 2024 nickel production, totaling 18,800 metric tonnes. However, its NAC nickel-cobalt sulphide project in the Philippines saw a 23.81% quarter-over-quarter increase, producing 10,400 metric tonnes of nickel-cobalt sulphide.

List of Key Market Players:

• Anglo American plc (U.K.)
• BHP (Australia)
• Eramet (France)
• Norilsk Nickel (Russia)
• Sumitomo Metal Mining Co., Ltd. (Japan)
• Glencore (Switzerland)
• Sherritt International Corporation (Canada)
• Vale (Brazil)
• Jinchuan Group International Resources Co. Ltd (Hong Kong)
• Terrafame Ltd. (Finland)

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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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