As the chemical industry entered 2022, strong demand for both commodity and specialty chemicals supported robust pricing trends. However, rising raw material costs created margin pressures, a challenge expected to persist through the first half of the year.

The global water and wastewater treatment market was valued at USD 323.32 billion in 2023 and is projected to expand from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, registering a CAGR of 7.5% during 2025–2032. This growth outlook is highlighted by Fortune Business Insights in its report, “Water and Wastewater Treatment Market, 2025–2032.”

Rising competition is prompting major companies to strengthen their service networks. Many global players are acquiring regional firms to maintain market dominance and expand reach.

Masterbatches are a liquid or solid additive used for painting or for imparting various properties to the plastics. Coloring masterbatches are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories. As per the report titled,   “Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2025-2032,”  the global masterbatch market size was valued at USD 10.99 billion in 2018 and is projected to reach USD 16.35 billion by 2026, exhibiting a CAGR of 5.3% during the forecast period.

What is the Scope of the Report?

The report is based on an in-depth analysis of the market and offers a comprehensive ve overview of the same. The report focuses on factors boosting, repelling, challenging, and creating opportunities for the market. It also discusses the table of segmentation of the market based on factors such as type, polymer, end-use, and geography and lists the names of the leading segment with its attributed factors. In addition to this, the report throws light on recent industry developments, current trends, and other interesting insights into the market. It also lists the names of players operating in the market and the major strategies adopted by them to gain a competitive edge in the market.

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Market Drivers

Rise in Demand for Plastic from Pharmaceutical Industry for Packaging will Bolster Growth

Various factors are responsible for the global masterbatches market growth. These include the rise in construction activities for all residential, commercial, and industrial purposes, increasing demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods worldwide. On the contrary, factors such as the fluctuating price of raw materials such as titanium dioxide, polymers, and others with a high volatile nature may pose a major challenge to the overall market. Nevertheless, increasing demand for plastic packaging from sectors such as food and beverage and pharmaceuticals are likely to create lucrative growth opportunities for the market in the coming years.

Regional Segmentation

Asia Pacific to Continue Dominance with Increasing Consumer Expenditure on Infrastructural Development

In 2018, Asia Pacific emerged dominant in the market with a revenue of USD 3,998.14 Million. This is attributed to the high demand for packaging from key economies such as China, India, and Taiwan. Besides this, the rise in consumer expenditure on power and the increasing demand for plastic goods will also help promote the regional market in the forthcoming years. Furthermore, the rapid growth of packaging, consumer goods, and automotive companies and the rise in agriculture sectors is anticipated to help this region continue dominating the market in the coming years.

On the other side, the market in Europe will witness remarkable growth on account of the rising demand from industries such as automotive, building and construction, and the rising popularity of lightweight vehicles in the region.

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 Phosphine Gas 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 Phosphine Gas 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 global plastics market size was valued at USD 524.48 billion in 2024. The market is projected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.   Fortune Business Insights™   has deep-dived these inputs in its latest research report titled, “ Plastics Market ,   2025-2032 .”

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.

Segments

Polyvinyl Chloride (PVC) to Gain Traction with Rising Demand for Resistance to Chemicals

In terms of type, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyurethane, polystyrene, and others. The polyvinyl chloride segment will account for a considerable share of the global market due to electric insulation and the demand for resistance to chemicals.

Packaging to Remain Dominant Due to Robust Demand from Food & Beverage Sector

With respect to end-use industry, the market is segregated into packaging, automotive & transportation, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceutical, electrical & electronics, textile, and others. The packaging segment will exhibit notable growth during the assessment period, largely due to rising demand from the food & beverage sector.

Drivers and Restraints

Expanding Footprint of Engineering Plastics to Propel Growth Potentials

The plastics market share will witness notable traction during the forecast period, largely due to better mechanical and thermal properties. Surging demand for better polymer solutions will encourage leading companies to expedite investments. Prominently, surging demand for metal substitution could play a pivotal role in boosting the material demand. Furthermore, the food industry is poised to be the major recipient of plastics that avoid contamination and minimize food quality degradation. Increased usage of the polymer in fashion, sports, and toy-making will bode well for the industry growth.

However, rigorous regulations implementing plastic reduction policies could impede the industry growth.

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.

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)
• BASF SE (Germany)
• Repsol (Spain)
• Borouge (UAE)
• Borealis AG (Austria)
• MOL Group (Hungary)
• Beaulieu International Group (Belgium)

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The global carbon black market size was valued at USD 27.59 billion in 2024. The market is projected to grow from USD 28.86 billion in 2025 to USD 40.10 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period.   The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries.

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

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Segments:

Furnace Black Segment to Lead Driven by Soaring Demand from Rubber Manufacturers

Based on process type, the market is categorized into acetylene black, furnace black, thermal black, and others. The furnace black segment is set to lead the market, exhibiting an appreciable CAGR over the projected period. This is due to the growing usage of the product as a strengthening agent by rubber producers.

Standard Grade Segment to Register Notable Growth Impelled by Escalating Industrial Applications

On the basis of grade, the market is segmented into standard grade and specialty grade. The standard grade segment is touted to expand at a considerable rate over the anticipated period. The surge is propelled by the escalating adoption of these products for various industrial applications.

Tire Segment to Exhibit Substantial Surge Driven by Rapid Expansion of the Automotive Sector

By application, the market is classified into non-tire rubber, tire, inks & toners, plastics, and others. The tire segment is poised to exhibit substantial growth, holding a dominating market share, over the analysis period. The expansion is propelled by the rapid expansion in the automotive sector.

Based on geography, the market for carbon black has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Report Coverage:

The report gives a comprehensive analysis of the major trends poised to impel the global business scenario throughout the projected period. It further provides an insight into the key driving and restraining factors. Additional components comprise the impact of COVID-19 on industry growth and an account of the pivotal strategies adopted by leading companies for gaining strong industry footings.

Drivers and Restraints:

Expansion of the Rubber Sector to Impel Market Growth

The escalating product demand from the consumer goods, electronics, automotive, and construction sectors is propelling the expansion of the rubber sector. This is set to propel the carbon black market growth over the forecast period.

However, the production of carbon black involves the emission of hazardous gases. This may hinder industry expansion to some extent.

Regional Insights:

Asia Pacific to Emerge as a Key Region Owing to Growing Product Deployment

The Asia Pacific carbon black market share is estimated to surge at a considerable rate throughout the forecast period. The region held a major market value driven by the escalating usage of the product in the manufacturing of plastic goods and tire.

The North America market is poised to expand at a notable CAGR over the analysis period. The expansion is driven by the soaring product deployment in vibration isolation devices.

Competitive Landscape:

Leading Companies Undertake Strategic Steps to Strengthen Industry Foothold

Key carbon black players are centered on adopting various strategic deals for strengthening their positions in the market. These comprise merger agreements, partnerships, acquisitions, and the launch of new products. Additional initiatives include collaborations and the formation of alliances.

Key Industry Development:

March 2022 –   Cabot Corporation acquired Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The deal helped the expansion of the manufacturing capacity of Cabot. The company planned to invest for capacity upgradation for supporting the development of lithium-ion batteries.

List of Key Players Mentioned in the Report:

• Birla Carbon Thailand Public Co. Ltd. (Thailand)
• Cabot Corporation (U.S.)
• Orion Engineered Carbons SA (Germany)
• Phillips Carbon Black Limited (India)
• CSRC Group (Taiwan)
• Omsk Carbon Group (Germany)
• OCI COMPANY Ltd. (South Korea)
• Himadri Speciality Chemicals Ltd. (India)
• Longxing Chemical Industry Co., Ltd. (China)
• Mitsubishi Chemical Holdings Corporation (Japan)

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The global fatty alcohol market is set to gain traction from the rising demand for bio-based products. Hence, manufacturers are shifting towards using eco-friendly ingredients. This information is given by Fortune Business Insights™ in a new report, titled, “Fatty Alcohol Market Size, Share & Industry Analysis, By Product (C6-C10, C11-C14, and C15-C22), By Application (Soaps & Detergents, Personal Care, Lubricants, Amines, and Others) and Regional Forecast, 2025-2032.” The global fatty alcohol market size was USD 5.08 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 5.2% during the forecast period.

Fortune Business Insights™  shares this information in its report titled   “Fatty Alcohol Market, 2025-2032 ”.

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What Does This Report Contain?

• Elaborate data about the segments in the market.
• Historical, present, and estimated size of the market.
• Profiles of prominent players and their crucial strategies.
• Elaborate analysis of growth drivers in the market for fatty alcohols.

Drivers & Restraints-

High Demand for Soaps & Detergents to Spur Growth

The rising demand for surfactants, such as detergents and soaps is set to boost the fatty alcohol market growth in the coming years. Besides, surfactants infused with fatty alcohols are extensively used for numerous purposes in cosmetics, paper & pulp, and agriculture industries. However, raw materials, such as rapeseed oil, palm oil, and tallow are the major raw materials used for the production of fatty alcohols. Fluctuations in their prices may hinder growth. 

Segment-

C15-C22 Segment to Exhibit High Growth Fueled by Rising Demand for Cosmetics

Based on the product, the C6-C10 segment generated 17.3% in terms of the fatty alcohol market share in 2019. The C15-C22 segment is expected to showcase high growth backed by its rising demand from the personal care industry. Apart from that, increasing disposable incomes of people are resulting in the high demand for shaving creams, lipsticks, vanishing creams, shampoos, and lotions. It would also augment the growth of this segment.

Regional Analysis-

High Population & Disposable Incomes to Bolster Growth in Asia Pacific

Geographically, in 2019, Asia Pacific held USD 1.47 billion in terms of revenue. This growth is attributable to the increasing demand for fatty alcohols from surfactants, as well as personal care & cosmetics industries. Developing nations, such as South Korea, India, and China are experiencing a high population and disposable incomes of people, thereby leading to growth.

North America, on the other hand, is anticipated to grow considerably stoked by the high demand for home cleaning products and hand sanitizers amid the COVID-19 pandemic. In Europe, the market would grow significantly on account of the surging demand for liquid soaps. As per a survey by Eurostat, approximately 12.6 million tons of detergents & soaps were produced in the European Union in 2018.

Competitive Landscape-

Key Players Aim to Increase Production Capacity of Raw Materials to Intensify Competition

The global market for fatty alcohol is highly fragmented. Reputed manufacturers are aiming to develop unique products by conducting research and development activities. Some of the others are trying to increase their production capacity of raw materials required for the manufacturing of fatty alcohols. Below are the two latest industry developments:

• July 2019 : Sasol Ltd., a chemical and energy company headquartered in South Africa opened its new chemical plant in Nanjing, China. It would double the production capacity of alkoxylation to 150,000 tons annually. The total cost was USD 100 million.
• May 2019 : Apical Group completed a joint venture with Kao Corporation. The former is a leading exporter of palm oil in Indonesia. This venture resulted in the development of PT Apical Kao Chemical, a new factory that will help in surging the production capacity of oleochemicals and in strengthening its position in Asia Pacific.

A list of all the renowned fatty alcohol manufacturers operating in the global market:

• Godrej Industries (India)
• Berg + Schmidt (Germany)
• Wilmar International Ltd (Singapore)
• KLK OLEO (Malaysia)
• SABIC (Saudi Arabia)
• P&G Chemicals (U.S.)
• Musim Mas (Singapore)
• VVF L.L.C. (India)
• Sasol (South Africa)
• Emery Oleochemicals (Malaysia)
• Royal Dutch Shell (Netherlands)
• Univar Solutions Inc. (U.S.)
• BASF SE (Germany)
• Other Players

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The global lubricants oil drum market size was valued at USD 2.82 billion in 2024. The market is projected to grow from USD 3.05 billion in 2025 to USD 5.61 billion by 2032, exhibiting a CAGR of 9.06% during the forecast period.

The global lubricants oil drum market is witnessing steady growth, driven by rising demand for safe, durable, and cost-effective packaging solutions across industries such as automotive, marine, aerospace, and chemicals. Drums are essential for storing and transporting lubricants in bulk, offering superior protection against leakage, contamination, and damage during shipping.

Fortune Business Insights™  shares this information in its report titled “ Lubricants Oil Drum Market, 2025-2032 ”.

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Segmentation Analysis:

By Product Type:   Steel drums held the largest share in 2024, preferred for transporting hazardous and non-hazardous materials in industries like petroleum and lubricants. Their durability, reusability, and recyclability ensure safe and sustainable handling.

By Capacity:   Drums with 100–250 liters dominated in 2024 due to their durability, compatibility with various liquids, and wide use in packing laboratory chemicals and industrial solvents, particularly in lubricant oil industries.

By End-use Industry:   The automotive sector led the market in 2024, driven by high demand for lubricants packaged in drums. These lubricants enhance vehicle efficiency, reduce friction, and cut maintenance costs, making drums a practical storage and transport solution.

Report Coverage

The report has studied the market in depth and underlined several crucial aspects and leading market participants. It provides important insights into the recent market trends and key industry developments. In addition to the factors mentioned above, the report covers many other factors that have helped the market grow.

Drivers and Restraints

The growth of construction, manufacturing, and mining—especially in countries like India, Brazil, and across Africa—drives demand for industrial lubricants, which are commonly stored and transported in drums. Heavy machinery requires regular lubrication, making bulk packaging both practical and cost-effective. Rising vehicle production and ownership in Asia Pacific further boosts lubricant consumption. However, challenges persist, as drums face risks like dents, punctures, corrosion, leaks, or faulty seals during handling and transport. Poor labeling or documentation can also lead to misidentification, safety hazards, and compliance issues.

Regional Insights :
Asia Pacific holds a significant market share, driven by rapid industrialization, expanding automotive production, and growing lubricant consumption. North America and Europe also represent strong markets, supported by advanced industrial packaging standards and sustainability initiatives.

Key Trends :   Increasing adoption of recyclable and fiber-based drums, focus on lightweight yet durable designs, and rising demand from developing economies are shaping market growth.

Competitive Landscape:   The market is moderately consolidated, with leading players including Greif, Inc., Mauser Packaging Solutions, Sicagen, CL Smith, Balmer Lawrie & Co. Ltd., and North Coast Container LLC. These companies focus on expanding manufacturing capacity, introducing eco-friendly packaging solutions, and strengthening global supply networks.

Key  Industry Development

• 
  

  March 2023 : Mauser Packaging Solutions expanded its production network in China with the opening of a modern manufacturing facility near Shanghai. The plant is designed to meet rising demand for industrial packaging and address both current and future market needs.

• 
  

  May 2022 : Carré Karton introduced all-fiber drums aimed at lowering costs and promoting sustainability. These new models outperform traditional round drums typically made from mixed materials such as plastic, cardboard, metal, and compressed fibers.

List of Key Players Profiled in the Market Report:

• Greif, Inc. (U.S.)
• Mauser Packaging Solutions (U.S.)
• Sicagen (India)
• CL Smith (U.S.)
• Balmer Lawrie & Co. Ltd. (India)
• North Coast Container LLC (U.S.)
• TPL Plastech Limited (India)
• CDF Corporation (U.S.)
• Schütz GmbH & Co. KgaA (Germany)
• Emirates Plastic Industry Factory LLC (UAE)
• Shanghai Metal Corporation (China)
• Wuxi Bright Packing Co., Ltd. (China)
• Pyramid Technoplast Ltd. (India)
• Yamamoto Industries, Ltd. (Japan)
• Shree Shyam Technoplast (India)

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The global blow molded plastics market size was USD 77.07 billion in 2019, and it is projected to reach USD 100.13 billion by 2027, exhibiting a CAGR of 2.8% during the forecast period. The increasing applications of the product in the packaging industry will have a huge impact on the growth of the global market. The presence of several large scale companies in this sector will emerge in favor of the growth of the global market. According to a report published by Fortune Business Insights, titled “ Blow Molded Plastics Market Size, Share & COVID-19 Impact Analysis, By Resin (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS)), By Molding Method (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Rotational Blow Molding), By Application, and Regional Forecast, 2025-2032."

Blow molding is a cost-effective way of manufacturing plastics wherein a heated plastic is molded into a cavity that eventually forms a hollow material or object. The high efficiency of this product, coupled with its low cost, makes it a preferred choice among manufacturers. The massive investments in upgrading manufacturing methods and increasing efforts in product R&D will have a huge impact on the growth of the overall market in the coming years. The presence of several large scale manufacturers across the world, driven by the rising demand and applications of the product will bode well for the growth of the market in the coming years. Additionally, the increasing applications of blow molded plastics across diverse industry verticals will create several growth opportunities.

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Segmentation Analysis:

• 
  

  By Resin:   Polyethylene dominated in 2019, led by   HDPE   (used in bottles, cleaners, toys) and   LDPE   (used in squeeze bottles, caps, closures).

• 
  

  By Molding Method:   Extrusion blow molding   held 32.89% share in 2019, widely used for cost-effective bottle production from HDPE, PVC, PP, and others.

• 
  

  By Application:   Packaging   led the market in 2019, driven by strong demand in food & beverages, pharmaceuticals, and medical industries due to high tensile strength and safety.

Although Product Demand is High, Covid-19 Pandemic to affect Manufacturing Sectors

The recent coronavirus outbreak has created a sense of panic across the world. Although the impact on the pandemic on the blow moulded plastics is nowhere close to what a few other industries have witnessed, there are still a few drawbacks. The efforts taken to curb the spread of the disease have had a negative impact on the market in recent years. Accounting to the rapid spread of the disease, manufacturing sectors have been shut down due to lack of manpower and human labor. As a result, there is a huge demand-supply gap in the global market. The slow recovery rate will affect the growth of the market in the foreseeable future.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies Across the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand and increasing applications of blow-molded plastics across the world, companies are focusing on adopting strategies that will help them standout in the competitive environment. In June 2020, Alpha announced that it has completed the acquisition of Bopla S.A. Alpha’s packaging solutions will be enhanced by Bopla’s blow molded and injection solutions. The latter holds an exceptional portfolio in the blow molding segment and this acquisition will not just help Alpha grow but will also influence the growth of the overall blow molded plastics market in the foreseeable future. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

Asia Pacific to Emerge Dominant; Demand for Innovative Packaging Solutions to Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for blow molded plastics in this region is consequential to the increasing applications in the food and beverage industry. The product is widely used as a packaging material in several other industries across this region. The increasing population in countries such as India and China will cater to the increasing production capacities of manufacturers in this sector. As of 2019, the market in Asia Pacific was worth USD 37.96 million and this value is projected to rise at a considerable pace in the coming years.

Key Industry Development:

• 
  

  Nov 2018:   Krones acquired Germany-based MHT Holding AG, a PET mold and hot runner supplier, to expand its PET value chain and meet rising customer demand.

• 
  

  Mar 2018:   IntraPac International acquired Quality Plastics, LLC (Arizona) to strengthen its West Coast presence and enter the HDPE bottles segment.

List of companies profiled in the Blow Molded Plastics Market Report:

• Apex Plastics (U.S.)
• Inpress Plastics Ltd. (UK)
• Garrtech, Inc. (Canada)
• Berry Global, Inc. (U.S.)
• Comar, LLC (U.S.)
• Rutland Plastics Ltd. (UK)
• The Plastic Forming Company, Inc. (U.S.)
• Agri-Industrial Plastics (U.S.)
• Creative Blow Mold Tooling (U.S.)
• North American Plastics, Ltd. (U.S.)
• INEOS Group (UK)
• Other

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The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2025-2032.” The report further mentions that the global wood plastic composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

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Drivers & Restraints-

Increasing Usage of Sustainable Fibers to Boost Growth

Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.

Segment-

Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector

Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.

Regional Analysis-

Rapid Industrialization in China & India to Favor Growth in Asia Pacific

In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

Competitive Landscape-

Key Companies Follow Acquisition Strategy to Gain Competitive Edge

The market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house Wood Plastic Composite. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments:

• August 2018 : Alvic Plastics Limited was acquired by BSW Group. This new deal would aid BSW in broadening its product portfolio and production capacity. It would also enable the company to bring in diversification to increase its range of products.
• November 2015 : Vannplastic Limited, a prominent manufacturer of wood plastic composite was acquired by the Boral Epwin Group for an initial consideration of approximately USD 5.67 million. It would aid Boral in widening its line of low maintenance building materials.

Fortune Business Insights™ lists out all the manufacturers present in this market. They are as follows:

• Seven Trust (China)
• Meghmani Group (India)
• Beologic (Belgium)
• Trex Company, Inc. (U.S.)
• UFP Industries, Inc. (U.S.)
• Fiberon LLC (U.S.)
• Axion International, Inc. (U.S.)
• Josef Ehrler GmbH & Co KG (Germany)
• Croda International Plc (UK)
• CertainTeed (U.S.)
• Others

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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 abrasives market size was valued at USD 45.95 billion in 2023 and is projected to grow from USD 48.66 billion in 2024 to USD 76.93 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period. Fortune Business Insights in its latest report, titled, “Abrasives Market, 2025-2032.” 

The market growth is largely driven by rising demand from the automotive, construction, aerospace, and metal fabrication industries. Among products, bonded abrasives hold the largest share due to their extensive use in precision grinding and cutting applications, while superabrasives such as diamond and cubic boron nitride (CBN) are witnessing the fastest growth in advanced machining.

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Segments:

Synthetic Segment to Lead Global Market Due to Rising Application

By material, the market is bifurcated into natural and synthetic. The synthetic segment is anticipated to lead the global market share due to high application of these products in various elements.

High Abrasive Use in Different Products to Boost Coated Segmental Growth

Based on product type, the market is trifurcated into bonded, coated, and super. The coated segment is anticipated to grow during the projected period. The increasing use of coated abrasives in consumer goods, furniture, surgical products, and fabrication products is anticipated to fuel the segmental growth.

Metal Fabrication to Propel Growth During Forecast Period

On the basis of application, the market is divided into automotive, electrical & electronics, metal fabrication, machinery, and others. The metal fabrication segment will grow in the coming years due to the rising demand for metal equipment.

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

Report Coverage:

The report provides complete information and insights on recent developments and trends in the market. Also, the impact of COVID-19 pandemic on global market development is highlighted further in this report. Furthermore, the drivers and restraints affecting the market growth during the projected period are mentioned further in the report. Regional market insights on segmented market areas are provided further along with a list of key market players in the industry.

Drivers & Restraints:

Increasing Demand from the Automotive Sector to Propel Growth

The market is anticipated to witness prominent growth during the forecast period due to the rising product application for construction activities. Also, the increasing demand for these products from the automobile sector is projected to fuel the global abrasives market growth during the forecast period. The surging product demand for coating applications is anticipated to boost market share.

Regional Insights:

Asia Pacific Holds Dominant Market Share Due to Rapid Commercialization

Asia Pacific is estimated to dominate the global abrasives market share during the forecast period due to the rising technological advancements. Also, increasing industrialization and rising commercialization are projected to fuel regional market growth in the coming years. The regional market stood at USD 22.89 billion in 2021.

Competitive Landscape:

Strategic Acquisition Allow Companies to Propel Growth

The leading companies in this industry focus on various strategies to improve their business performance. The companies form strategic alliances and partnerships to globalize their brand and propel growth.

Key Industry Development:

• December 2021:   Carborundum Universal (CUMI), the German subsidiary of Murugappa Group, announced the acquisition of Awuko, a major market player. The acquisition is an asset purchase agreement to acquire the assets of Awuko.

List of Key Players Profiled in   the Report :

• The 3M Company (U.S.)
• Saint-Gobain (U.S.)
• Krebs & Riedel (Germany)
• Asahi Diamond Industrial Co., Ltd. (Japan)
• Robert Bosch GmbH (Germany)
• Fujimi Incorporated (Japan)
• Henkel AG & Co. KGaA (Germany)
• Carborundum Universal Limited (India)
• NIPPON RESIBON CORPORATION (Japan)
• KWH Mirka (Finland)
• NORITAKE CO., LIMITED (Japan)

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About Us:

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

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner - Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email:  sales@fortunebusinessinsights.com