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The global geotextiles market size was valued at USD 3.39 billion in 2023 and is projected to grow from USD 3.62 billion in 2024 to USD 6.14 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period. Fortune Business Insights in its latest report, titled,   “Geotextiles Market, 2022-2029.”   The report further observes that the market stood at USD 9,014.2 million in 2020 and is projected to exhibit a CAGR of 7.7% between 2021 and 2028. This is attributed to factors such as the increasing spending on construction projects that is expected to boost the adoption of geotextiles worldwide.

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Market Segmentation:

By Material
The synthetic segment, comprising polypropylene (PP), polyester, polyethylene, and others, dominates the market. Among these, PP is expected to lead due to its high strength, low elongation, and durability, making it ideal for roads, dams, railways, and erosion control applications.

By Product
The non-woven segment is projected to hold the largest share, driven by infrastructure development in roads, railways, and airports. Non-wovens are preferred for soil separation, drainage, reinforcement, and filtration due to their lightweight, durability, and resistance to temperature and wear. In the EU, about 60% of geotextile nonwovens are used in road construction, contributing to reduced carbon emissions.

DRIVING FACTORS

Increasing Investment in Construction Projects to Promote Growth

According to the U.S. Commerce Department, the spending on construction projects was at a record high in January 2021. It further reports that the total investment surpassed to a staggering USD 1.521 trillion, an overall increment of 1.7%. The increasing spending on construction projects is likely to boost the adoption of coir products owing to their superior properties such as liquid repellency and mechanical strength. Moreover, supportive government policies formulated for coir manufacturers to improve their production will boost the global geotextiles market growth in the forthcoming years.

Further Report Findings:

  • Asia Pacific stood at USD 3,038.1 million in 2020. The region is expected to hold the highest position in the market during the forecast period. This is attributable to the increasing government initiatives to develop infrastructure in countries such as India and China.
  • North America is expected to showcase considerable market growth backed by the presence of highly developed drainage systems that require periodic maintenance propelling the demand for advanced geotextiles in countries such as the U.S. and Canada.
  • Based on product, the woven segment held a global geotextiles market share of about 34.18% in 2020 and is anticipated to showcase significant growth in the forthcoming years. This is ascribable to factors such as the increasing demand for woven products due to their beneficial properties such as improved performance and reduced maintenance costs across the globe.

COMPETITIVE LANDSCAPE:

Investment in R&D by Key Players to Amplify Their Market Positions

 The market is consolidated by major companies striving to leverage the lucrative opportunities to maintain a stronghold. These companies are focusing on investments in R&D activities to develop novel natural geotextiles to cater to the growing demand from the construction sector. Moreover, other key players are trying to maintain their presence by adopting strategies such as collaboration, facility expansion, and the introduction of new products that will contribute to the growth of the market in the forthcoming years.

Industry Development:

  • March 2020  - Megaplast, an Indian polyethylene product manufacturer, announced the adoption of BASF’s light stabilizers from the Chimassorb to produce nonwoven geotextiles. They are likely to be utilized in the construction of national highways.

List of the Companies Profiled in the Market:

  • Maccaferri (Bologna, Italy)
  • TENAX (Lecco, Italy)
  • TenCate Geosynthetics Asia Sdn Bhd. (Selangor Darul Ehsan, Malaysia)
  • GSE Environmental (Texas, the U.S.)
  • Terram Geosynthetics Pvt. Ltd. (Gujarat, India)
  • HUESKER Synthetic GmbH (Gescher, Germany)
  • Global Synthetics (New South Wales, Australia)
  • TYPAR Geosynthetics (Tennessee, the U.S.)
  • Fibertex Nonwovens A/S (Aalborg, Denmark)
  • Belton Industries (South Carolina, the U.S.)
  • Thrace Group (Alimos, Greece)
  • NAUE GMBH & CO. KG (Espelkamp, Germany)
  • SKAPS Industries (Georgia, the U.S.)
  • Other Key Players

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The global 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. The global carbon offsets market is experiencing strong growth as governments, corporations, and consumers prioritize reducing greenhouse gas (GHG) emissions. Compliance frameworks under the Paris Agreement, combined with rising voluntary participation from industries, are driving demand for carbon credits and offset projects. The market is expected to grow steadily through 2032, supported by stringent climate policies and increasing corporate commitments toward sustainability.

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Carbon Offsets Market Segmentation Analysis:

By Type
The compliance market   dominated in 2023, driven by stricter emission limits under the Paris Agreement. Governments issue carbon credits, encouraging industries to invest in offset projects like avoidance/reduction and removal/sequestration, boosting segment growth.

By Project Type
Avoidance/reduction projects   held the largest share in 2023 due to rising initiatives across Europe, Asia Pacific, and North America to cut emissions. The   removal/sequestration segment   is steadily growing, supported by cost-effective methods such as oxy-fuel, post-combustion, and industrial separation to capture CO₂.

By End-user
The   renewable energy sector   led in 2023, with rising CO₂ emissions and health concerns driving investments in projects like hydro and wind. These reduce reliance on fossil fuels and lower carbon emissions, strengthening the segment’s growth.

Report Coverage:

The report provides an account of the major factors set to drive the industry expansion over the forthcoming years. It further presents an overview of the key trends in the market. An analysis of the industry based on various segments has also been presented in the report.

Drivers and Restraints:

Stringent Government Regulations to Propel Industry Growth

Following the Kyoto Protocol of 1977 and the Paris Agreement of 2015, the governments of various nations have put limits on CO2e emissions. This led to an increased government emphasis on the promotion of the carbon credit system for a range of projects, including reforestation, carbon capture, and renewable energy. Considering these factors, the enforcement of strict regulatory policies is touted to boost carbon offsets market growth over the coming years.

However, the lack of awareness regarding carbon credit trade may restrain industry expansion.

Regional Insights:

Europe Recorded Major Share Owing to Soaring Investments in Sustainability Projects

Europe registered a dominating share of the market in 2022 which is favored by the rising investments in sustainability projects. The regional market size stood at USD 750.53 billion in 2022.

North America market size is set to surge owing to the enforcement of environment policies in countries in the region. These policies have led to an increase in investments focused on renewable energy projects.

Competitive Landscape:

Major Players Undertake Various Strategies to Secure a Competitive Edge

Leading companies are deploying a range of strategies for gaining a competitive edge. Some of these steps include acquisitions and the launch of new carbon offsets. A few of the key players in the market are EcoAct, NativeEnergy, and others.

Key Industry Development:

August 2023 –   The Global Carbon Council, based in Doha, has announced its intention to list its carbon offset programs on the MENA exchanges platform in Qatar. This strategic move aims to attract a wider pool of investors and stimulate the growth of active carbon emission projects in the Middle East region.

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.)

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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. 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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Segments-

On the basis of application, the market is fragmented into special steels, stainless steel, batteries, alloys, electroplating, and others. Geographically, the market is classified into Asia Pacific, South America, North America, Europe, Asia Pacific, the Middle East & Africa.

Drivers & Restraints-

Increasing Demand for Stainless Steel to Augment Market Growth

Product adoption will be aided by rising stainless steel demand in automotive, consumer goods, and construction industries. Stainless steel accounts for more than two-thirds of global Ni use, according to the Nickel Institute Organization. The product enhances the steel's formability, weldability, and ductility. When utilized as an alloying element, it also provides corrosion resistance in specific applications. Stainless steel's strong demand in numerous industries can also be ascribed to its many features, including its lightweight, high tensile strength, durability, and ease of manufacture. As a result, increased stainless steel consumption will boost product demand during the anticipated timeframe. Ni's price has risen, making it a more expensive raw material for a variety of uses and industries.

Regional Insights-

Technological Advancements in Asia Pacific to make it a Leading Region

In 2020, the Asia Pacific market was valued at USD 26.92 billion. In Asia Pacific, the nickel market growth has been supported by increased technological advancement in stainless steel to make it more sustainable. China has the largest nickel market share and is the fastest-growing country in the region. The rise is linked to China's fast-increasing construction and automotive industries, as well as rising research and development activities and rapid infrastructure projects, all of which are helping to stimulate product demand.

Stainless steel is mostly used in electric vehicles in Europe. The product demand in this region will be fueled by rapid growth of the automobile sector as well as increased technological advancement. The U.S. is a leading country in North America. Stainless steel production in this region has been spurred by rapid expansion of the building industry. The increased demand for Ni metal can be due to its high flexibility, good energy absorption, and explosion-resistant qualities.

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-

  • December 2021:   Nicomet, a leading nickel and cobalt (Co) company, was acquired by Vedanta. Nicomet has a production capacity of 7.5 tonnes of Ni and Co per year. This purchase will assist the company in meeting the growing demand for batteries and stainless steel.
  • 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.

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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The global polypropylene fiber market size was valued at USD 4.11 billion in 2024. The market is projected to grow from USD 4.36 billion in 2025 to USD 6.75 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. Polypropylene (PP) fiber is a synthetic fiber derived from polypropylene polymer, widely valued for its lightweight, chemical resistance, moisture resistance, and cost-effectiveness. It is commonly used in textiles, carpets, ropes, geotextiles, hygiene products, and construction reinforcement. The market is experiencing steady growth as industries increasingly prefer PP fibers over natural and traditional synthetic alternatives due to their durability and recyclability.

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

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Segmentation:

By Product Type
The staple fiber segment dominated the polypropylene fiber market in 2024 and is projected to maintain its lead. Its popularity stems from broad use in nonwovens such as hygiene products, geotextiles, and automotive parts, offering bulk, insulation, and cost efficiency for disposable applications.

By End-use Industry
The textile segment accounted for the largest share in 2024, driven by demand in sportswear, outdoor apparel, carpets, and upholstery. Polypropylene fibers’ lightweight, moisture-wicking, and stain-resistant properties make them highly suitable for performance and home textiles.

Market Drivers:



  • Construction Industry Growth : Rising demand for concrete reinforcement and nonwoven geotextiles in roadways, tunnels, and dams is boosting polypropylene fiber consumption.


  • Textile & Apparel Demand : Increasing use in sportswear, outdoor clothing, and nonwoven fabrics due to quick-drying and lightweight properties.


  • Hygiene Applications : Growth in disposable diapers, sanitary products, and medical textiles is driving demand for PP fibers in the healthcare sector.


  • Cost Advantage : Compared to polyester and nylon, polypropylene fiber is cheaper and provides an attractive alternative for mass applications.


  • Sustainability Trend : Growing focus on recyclable and eco-friendly materials is creating opportunities for recycled polypropylene fiber production.

Competitive Landscape:

The realm of   Polypropylene Fiber 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.

Key Industry Development:

  • May 2023:  Avient Corporation, a leading provider of specialized and sustainable material solutions, showcased its portfolio of sustainable polymers, colorants, additives, specialty engineered materials, and services at Plastimagen 2023.

List of Key Players Mentioned in the Report:

  • Beaulieu Fibres International NV (Belgium)
  • Chemosvit Fibrochem, s.r.o. (Slovakia)
  • Indorama Ventures Public Company Limited (Thailand)
  • Mitsubishi Chemical Group (Japan)
  • Radici Partecipazioni SpA (Italy)
  • DuPont (U.S)
  • Avient (U.S.)
  • FiberPartner (Denmark)
  • IFG International Fibres Group (Austria)
  • Sika (U.S.)

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The global flat glass market size was valued at USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. Usage of flat glass for constructing energy efficient buildings is projected to surge the market growth during the forecast period. Growth in infrastructural and construction activities is projected to boost the market progress. is estimated to provide market growth.   Fortune Business Insights™ mentioned this in a report titled, “ Flat Glass Market , 2025-2032”.

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Segmentation

By Type Analysis, Float Glass to Hold Major Part Due to High Demand from Construction Activities

Based on product type analysis, the market is segmented into sheet, float, and rolled. Float glass is predicted to hold a major part due to high demand from construction industry. High demand is attributed to the properties of coated glass which is expected to drive the market growth. Sheet glass segment is also expected to have a considerable growth due to its various advantages.

By Product Type, Laminated Segment to Lead Due to Various Benefits

One the basis of product type, the market is divided into laminated, coated, extra clear, toughened glass, and others. Laminated segment to have a significant share due to its various benefits. It remains intact when it is broken which protects it from any injury which is expected to further drive market growth.

By Application Analysis ,   Architecture Segment to Lead High Rate of Urbanization

One the basis of application, the market is divided into architecture, solar panels, automotive, and others. Architecture is expected to propel in the segment due to high rate of urbanization and growing disposable income. This type of glass is used in indoors for windows owing to its properties which is further expected to drive market. Automotive industry is also expected to gain considerable growth due to increasing demand for automobiles.

Report Coverage

This report covers the overview of this market that provides an analysis of product, impact of COVID-19 pandemic, segmentation, drivers and restraints, regional insights, new developments, and key players present in the market. Dynamic change in the market is subjected to alter the demand in the forecast period.

Drivers & Restraints

Increasing Construction Activities to Thrust Market Development

Growth in the number of construction activities and infrastructural activities to drive flat glass market growth. It is used for facades, windows, and roofs and also used for internal partitions. This is due to properties of the product such as thermal insulation and acoustic insulation for building infrastructure is expected to drive market growth during the forecast period. Rapid industrialization and urbanization encouraged the installation of such glass which is anticipated to enhance the market growth.

On the other hand, rules and regulations by government on carbon emissions is expected to hinder market growth during the forecast period.

Regional Insights

Various Investments by Government in North America to Strengthen Market Growth

Asia Pacific holds the major part in the global flat glass market due to investments by various governments for infrastructural and construction activities. The market stood at USD 53.41 billion in 2018. China is one of the largest contributors for market growth and demand in the region.

North America is also expected to have a considerable share due to government regulations on energy efficiency.

Europe is projected to have a sizeable growth as region is a hub for major automotive companies.

Competitive Landscape:

New players entering the market have launched their new product lines making the market more competitive with their advanced solutions. It includes R&D investments, launch of new and advanced products in the market. Companies have been adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of the Key Players in the Flat Glass Market:

  • AGC Inc.
  • Saint-Gobain
  • NSG Group
  • Guardian Industries
  • Şişecam Group
  • Taiwan Industry Glass Corporation
  • Fuyao Glass Industry Group
  • Vitro, S.A.B. De CV
  • Central Glass
  • CSG Holdings Co. Ltd.
  • Other key players

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The Global Traffic Road Marking Coatings Market has recently been analyzed and explored by   Fortune Business Insights™   in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Traffic Road Marking Coatings Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The 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 Traffic Road Marking Coatings 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 traffic road marking coatings market size was valued at USD 6.89 billion in 2023. The market is projected to grow from USD 7.18 billion in 2024 to USD 9.78 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.

Segmentation:

Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of   39.1%   in the global market in 2020.

On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Highlights:

The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

Driving Factor:

Development of Eco-friendly Road Marking Solutions to Invigorate the Market

Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

Regional Insights:

Robust Demand for Construction Activities to Propel the Market in Asia Pacific

Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of   37.3%   in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

Competitive Landscape:

Key Players to Strategically Deepen Business Ties across Geographies

Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.

Industry Development:

List of the Key Players in the Traffic Road Marking Coatings Market:

  • Sherwin-Williams Company (U.S.)
  • Dulux Protective Coatings (Australia)
  • Rua Seguridad (Philippines)
  • Berger Paints (India)
  • Geveko Markings (Sweden)
  • 3M (U.S)
  • Langfang Tenroads Glass Products Co., Ltd. (China)
  • Resincoat Ltd (U.K)
  • Asian Paints Ltd. (India)

Key Industry Development:



  • August 2023   – Traffic and Parking Control Company, Inc. (TAPCO) introduced   VizMark , a new pavement marking product designed for multiple road applications.


  • January 2021   – PPG Industries launched a dedicated   Traffic Solutions   business unit to produce and supply a wide range of pavement marking products, including paints, thermoplastics, and advanced technologies.

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The Global Sandwich Panel 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 Sandwich Panel 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.

Sandwich panels are mainly used in the construction sector as a modern building material to offer structural stability and efficiency. It is used by binding a combination of a wide range of composite materials. The demand for fast construction is growing at a robust pace for various applications, such as cold storage, residential complexes, and commercial buildings. This will positively impact the sandwich panel market growth.

Fortune Business Insights™ displays this information in a report titled, "Sandwich Panel Market, 2025-2032."

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Forecast Growth Projected:

The global sandwich panel market size was valued at USD 9.91 billion in 2023 and is projected to grow from USD 10.70 billion in 2024 to USD 20.51 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period.

Segmentation:

Polyurethane to Gain Traction for Their Attractive Properties

Based on type, the market is segmented into polystyrene, polyurethane, mineral wool, and others. The polyurethane segment held a dominant market share in 2022 as it has several attractive features, such as strong resistance to corrosion, lightweight, cost-effectiveness, and high density.

Rising Non-Residential Construction to Boost Demand for Steel-based Outer Materials

Based on outer material, the market is segmented into steel, aluminum, and others. The steel segment is set to dominate the market during the forecast period as non-residential construction is on the rise across the world. Steel has several important properties, such as affordability and high fire resistance, further boosting its demand.

Product Demand to Rise across Non-Residential Applications Due to High Demand from Cold Storage Facility

Based on application, the market is segmented into residential and non-residential. The non-residential segment is expected to capture the largest share of the global market as the demand for cold storage facilities is rising from many industries. These panels can protect the heat of products stored in cold storage, accelerating their demand among end-users.

With respect to region, the market covers North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Report Coverage:

The research report analyzes the market in detail and highlights crucial areas, such as top companies, outer materials, types, and prominent product applications. It also provides insights into the latest market trends and covers vital industry developments. Besides the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years.

Drivers and Restraints:

Growing Product Use in Non-Residential Applications to Boost Market Outlook

The non-residential sector is growing at a notable pace every year as the demand for high-quality infrastructure is rising across the world. Some of the popular examples of non-residential construction include cold storage facilities, institutional buildings, and industrial buildings. More of these structures are increasing their reliance on sandwich panels as they offer economic and sustainability benefits. They also provide great insulation, making them an ideal product for cold storage establishments. These factors are expected to boost the market share.

List of the Key Players in the Sandwich Panel Market:

  • Kingspan Group (Ireland)
  • Tata Steel (India)
  • Sintex Group (India)
  • ArcelorMittal (Europe)
  • Areco Group (Europe)
  • Assan Panel A.S. (Turkey)
  • Building Component Solutions LLC (Saudi Arabia)
  • DANA Group (UAE)
  • Rautaruukki Corporation (Europe)

Competitors Landscape:

The realm of Sandwich Panel 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.

Key Industry Development:

  • October 2022 – Kingspan Group acquired Invespanel, a producer of mineral wool-based sandwich panels. The acquisition strengthens Kingspan’s portfolio with XPS and EPS-core refrigeration panels and supports the development of new panel applications.

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The global rare earth elements market is set to gain traction from the rising adoption of electric vehicles (EVs) owing to the urgent need to reduce emissions in the environment. For instance, the International Energy Agency (IEA) declared that the demand for EVs is rising at a fast pace in Japan, U.S., and China. This information is given by Fortune Business Insights™ in a published report, titled, “ Rare Earth Elements Market, 2025-2032 .” As per the report, 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 (2024-2032).

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Rare Earth Elements Market Segmentation Analysis:

By Type
The market is segmented into lanthanum, cerium, neodymium, praseodymium, samarium, europium, and others. Neodymium dominated in 2023, driven by its use in EV batteries and permanent magnets. Cerium followed, supported by demand in automotive exhaust systems and catalytic converters.

By Application
Applications include magnets, metallurgy, batteries, polishing, glass & ceramics, catalysts, phosphors, and others. Magnets held the largest share in 2023 due to widespread use in motors, electronics, and sensors. Batteries are expected to grow fastest, fueled by rising EV adoption and advances in energy storage, particularly in the U.S., China, and Europe.

Report Coverage-

The report aims to analyze the rare earth elements industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.

Drivers & Restraints-

Rising Demand from Various Industries to Bolster Growth

A large number of rare earth elements are gaining momentum across the globe because of their high demand from numerous industries. They have several beneficial chemical and physical properties that are best suited for specific applications. However, the surging prices of raw materials because of the high demand for bearings, aircraft alloys, automotive motors, and batteries may hamper the rare earth elements market growth in the near future.

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Regional Insights-

Surging Industrialization and Construction Activities to Favor Growth in Asia Pacific

Geographically, Asia Pacific earned USD 2,220.8 million in 2020 in terms of revenue and is likely to retain its leading position in the near future. This growth is attributable to the surging building & construction activities in China. The country is considered to be a major growth contributor on account of the rapid industrialization and the presence of numerous consumer electronics manufacturers. On the other hand, North America is anticipated to grow considerably backed by the increasing production of EVs in the U.S., which, in turn, would accelerate the demand for these earth elements.

Competitive Landscape-

Key Players Focus on Acquisitions and Signing Agreements to Intensify Competition

The global market houses numerous companies that are currently focusing on acquiring local organizations and signing new agreements with government bodies to compete with their rivals. Below is one of the latest industry developments:

  • January 2021 : Lynas Rare Earths Limited and the U.S. Government signed an agreement to construct a Light Rare Earths separation plant in Texas through Lynas USA LLC, a wholly owned subsidiary. The new plant is estimated to produce rare earth elements at around 5,000 tonnes per annum.

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 conformal coatings market size was valued at USD 992.1 million in 2023 and is projected to grow from USD 1,047.1 million in 2024 to USD 1,647.9 million by 2032, exhibiting a CAGR of 5.8% during the forecast period. Robust adoption of the electric automotive sector and increasing miniaturization trends are likely to foster the industry’s growth.   Fortune Business Insights   presents this information in its report titled “ Conformal Coatings Market, 2025-2032. ” 

Conformal coatings are thin polymeric film materials applied to the printed circuit boards to protect them from external forces such as chemicals, moisture, and extreme temperature. Additionally, they aid in protecting the boards from mould growth, corrosion, and other electrical failures. Owing to their super properties, they are in huge demand across several industrial applications that include automotive, aerospace & defense, and electronics.

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Segments

Acrylic Segment to Lead Owing to Strong Adoption from the Electronic Manufacturing Industry

By product, the market is segmented into acrylic, epoxy, urethane, silicone, parylene, and others. The acrylic segment is expected to dominate, owing to robust demand from the electronic manufacturing industry.

Consumer Electronics Segment to Lead Owing to Strong Demand for Miniaturized Electronic Applications

As per end-use industry, the market is classified into automotive, medical, aerospace & defense, consumer electronics, and others. The consumer electronics segment may dominate due to increasing demand for miniaturized electronic applications.

Regionally, the market is grouped into 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

Strong Demand from Consumer Electronics Industry to Foster Market Growth

Conformal coatings are polymer-based materials applied on PCB. It is a thin layer that protects several products at hand. The increasing demand for conformal coatings from the consumer electronics industry may bolster the product adoption. Further, the extensive adoption of coatings from automotive, consumer electronics, and other industries may bolster the product adoption. Also, the rising implementation of novel technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is anticipated to drive the conformal coatings market growth.

However, strict environmental regulations by governments may hinder the industry’s progress.

Competitive Landscape

Major Players Devise Novel Product Launches to Enhance their Brand Image

The prominent companies operating in the market announce novel products to boost their brand image. For example, Electrolube introduced its novel UV Cure Coating Xtra (UVCLX) in October 2021. The product is developed by utilizing organic content sourced from renewable means. This strategy may enable the company to boost its brand image globally. Furthermore, key players deploy research and development, mergers, expansions, acquisitions, and expansions to elevate their market position.

Key Industry Development

  • March 2022:   HumiSeal announced UV500-2 conformal coating with PCB protection developed to offer additional performance under mechanical and thermal cycling testing for white goods and automotive sectors.

List of the Companies Operating in the Global Market for Conformal Coatings:

  • Chemtronics (South Korea)
  • Henkel AG & Company (Germany)
  • Shin-Etsu Chemical Co., Ltd (Japan)
  • Dow (U.S.)
  • Chase Corporation (U.S.)
  • Dymax Corporation (S.)
  • Specialty Coating Systems (U.S.)
  • Electrolube (K.)
  • B. Fuller (U.S.)
  • G. Chemicals (Canada)

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The global atmospheric water generator market size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027, exhibiting a CAGR of 18.1% during the forecast period. Atmospheric water generators (AWGs), or air-to-water systems, extract water from moisture in the air using refrigerants or desiccants based on latent heat principles.

Highlights of the Report

  • A comprehensive overview of the atmospheric water generator market
  • Key drivers, restraints, challenges, and future opportunities
  • Significant industry developments, and current trends of the market
  • Table of segmentation based on factors such as product type, application, and region
  • List of players and the major strategies adopted to earn significance in the market competition

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Drivers & Restraints-

Advent of Smart Technology into Water Generators to Add Impetus

The rise in industrialization and urbanization have led machines to overpower natural habitat. A decline in freshwater sources has been observed so as to provide more space for new buildings and recreational spaces. The decline in the level of freshwater sources, coupled with the increasing industrialization and urbanization are the key factors promoting the atmospheric water generator market growth. Besides this, the stringent regulations imposed on environment and water safety will also aid in favor of the market.

However, the rise in carbon footprint and the high requirement for power generation to suffice to the needs of all residential, commercial, and industrial sectors may pose major challenges to the market in the coming years. Nevertheless, the advent of technological innovations such as smart technology, cooling condensation wet desiccation, and others are likely to help create lucrative growth opportunities to the market in the coming years.

Industrial Segment Gained Dominance Owing to High Demand for Water

The global market for atmospheric water generator is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generator to meet the increasing demand for water.

Regional Analysis-

The Middle East and Africa Dominated Market Owing to Extreme Water Scarcity

The weather conditions in the Middle East and Africa is majorly responsible for scarcity of water. The aforementioned regions are heavily dependent on desalination plants and water bottles to suffice to their daily needs. The use of air to water systems in this region helps this region to produce more potable water more economically. Therefore, this region dominated the market in 2019 and are likely to continue doing so in the coming years as well.

Additionally, North America earned 217.8 million in 2019 and Asia Pacific is expected to rise at a CAGR of 21.1% in the forecast period accountable to the increasing water scarcity problems in South-east Asian Nations.

Competitive Landscape-

Companies Introducing New Products to Earn Lion’s Share

Some of the companies operating in this market are engaging in new product launches and are therefore investing heavily in latest technology. Other vendors are engaging in joint ventures and partnerships to collaboratively earn significant revenues, thereby making a significant remark in the market competition.

Significant Industry Developments of the Atmospheric Water Generators Market are:

December 2019 –  GENAQ Technologies S.L. showcased their air generators in the largest building and construction event called “The Big 5” in the Middle East. It also promoted the S50 generator and provided brief information on air and water technologies .

Some of the Key Players of this Market include:

  • Water-Gen Ltd. (North Carolina, USA)
  • Akvosphere (West Bengal, India)
  • Drinkable Air Technologies (Florida, USA)
  • Eshara Water (Abu Dhabi, UAE)
  • Water Technologies International, Inc. (Florida, USA)
  • Clean Wave Products (USA)
  • Atmospheric Water Generator, LLC (Florida, USA)
  • GENAQ Technologies S.L. (Lucena, Spain)
  • Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Fujian Province, China)
  • Atlantis Solar (New York, USA)
  • Island Sky Corporation (Florida, USA)
  • WaterMaker India Pvt. Ltd. (Maharashtra, India)
  • Dew Point Manufacturing (British Columbia, Canada)
  • PlanetsWater Ltd. (London, U.K.)
  • Eurosport Active World Corporation (Florida, USA)
  • Others

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