The global   precast concrete market   size was valued at USD 133.84 billion in 2023 and is projected to grow from USD 141.01 billion in 2024 to USD 232.93 billion by 2032, at a CAGR of 6.5% during 2024-2032. Precast concretes mean mold in the reusable form which can be used to provide a superior level of resistance to insects and mold, or natural disasters, or in case of fires. Unlike other building material, precast concrete is resistant to termites, requires low maintenance, and meager insurance costs. As per a report by Fortune Business Insights, titled,   “Precast Concrete Market Size, Share & Industry Analysis, By Product Type (Building Components, Transportation, Water & Waste Handling, and Others), By End-Use (Residential, and Non-Residential), and Regional Forecast, 2024-2032,”   the market value was   USD 115.98 billion   in 2019. 

  The Report Answers the Following Queries:

• What is the nature of the market?
• Who are the key players of the market for precast concrete, and what is their strategy?
• How will urbanization contribute to the growth of the market?
• What are the recent industry developments in this market?

Drivers & Restraints-

Increasing Demand for Commercial and Residential Spaces to Propel Growth

Increasing population, growing industries and businesses, and the rising need for residential and commercial spaces are the key factors promoting the precast concrete market growth. In addition to this, rapid urbanization and industrialization have propelled the demand for construction activities. This has led to a rise in the expenditure for construction activities, thereby augmenting growth.

On the contrary, certain drawbacks may pull down this market in the future. These include the environmental and health concerns concerning cement manufacturing. It is believed that cement production releases many gases such as sulfur dioxide, carbon monoxide, and nitrogen oxide into the atmosphere. This may result in numerous environmental impacts such as global warming, depletion in the quality of water, and acid rain, among others. Besides this, there are several health issues such as visual impairment, asthma, and various cardiovascular diseases that may cause hindrance to the overall market in the coming years.

Segment:  

Building Components Segment Earned Major Share Attributed to Utilization in Construction Projects

Based on segmentation by product type, the building components segment gained the largest precast concrete market share. Growth of this segment is attributable to the increasing demand for cost-efficient quality houses at affordable prices that propelled a rise in the number of construction projects.

Regional Analysis-

Asia Pacific to Emerge Dominant on Account of Rising Investments in Infrastructural Development

Geographically, Asia Pacific earned a revenue of USD 46.97 billion in the year 2019 and received the largest precast concrete market share. This is attributable to the increasing investments on infrastructural development by emerging nations such as India, China, and Japan in the forecast duration that will propel the demand for precast concrete in the regional market. Europe ranks second on account of the increasing use of precast concrete products for commercial and industrial construction projects.

Competitive Landscape-

Players Focusing on Geographical Expansion for Gaining Significant Position in Market

The global market for precast concrete is fragmented as the number of players is many. Some of them are investing heavily on material supply and other partnership strategies to gain a competitive edge in the market. Others are planning on expanding their brand presence geographically to draw significant revenues to the market.

Get More Information:   https://www.fortunebusinessinsights.com/precast-concrete-market-103301

Major Industry Developments of the Market for Precast Concrete Include:

January 2019 –   Alfons Greten Betonwerk was acquired by Lafarge Holcim for operating collaboratively on one ready-mix and one precast concrete plant located in Germany. This effort is expected to help increase its brand presence in the nation.

April 2017 –   The Caissons of maritime infrastructure by Bouygues Construction was pre-casted for the Monaco offshore extension project located in Marseille. This will help to serve as the new base for offshore extensions.

Some of the Key Players of the Market for Precast Concrete include:

• Oldcastle Precast (U.S.)
• Balfour Beatty(U.K.)
• Bouygues Construction(France)
• Elementbau Osthessen GmbH & Co., ELO KG (Germany)
• Spancrete (U.S.)
• Tindall Corporation (U.S.)
• Forterra (U.S.)
• CEMEX (Mexico)
• Larson & Turbo Limited (India)
• Olson Precast Company (U.S.)
• Gulf Precast (UAE)
• LafargeHolcim (Switzerland)
• Boral (Australia)
• Other players

The global   demulsifier market   size was valued at USD 2.43 billion in 2023 and is projected to grow from USD 2.53 billion in 2024 to USD 3.45 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period.

The global demulsifier market is an essential component of the oil and gas, petrochemical, and chemical industries. Demulsifiers, also known as emulsion breakers, are chemicals used to separate emulsions, specifically water-in-oil emulsions. They are vital in crude oil processing, as they help in separating water from crude oil, ensuring efficient refining and transportation. The market for demulsifiers is closely linked to oil and gas production activities, which fluctuate based on global energy demand and geopolitical dynamics.

Market Size and Share

The global demulsifier market was valued at approximately USD 2.1 billion in 2023, and it is projected to reach USD 2.8 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period (2023-2028). The growth of the market is primarily driven by the rising demand for crude oil and increased exploration activities, particularly in regions such as North America, the Middle East, and Africa. Furthermore, advances in extraction technologies, such as shale oil and gas, also contribute to the rising demand for demulsifiers.

• North America   holds the largest market share, driven by significant shale oil production in the U.S. and Canada.
• Middle East & Africa   follows closely due to its vast oil reserves and the presence of major oil producers.
• Asia-Pacific   is expected to witness strong growth due to increasing energy consumption, especially in countries like China and India.

Market Drivers

• Increasing Oil Production : Growth in offshore and onshore oil production activities drives the demand for demulsifiers.
• Energy Demand : Rapid industrialization and urbanization, particularly in developing countries, have spurred the demand for oil and gas, boosting the demulsifier market.
• Technological Advancements : Improved oil extraction techniques, including deep-water drilling and enhanced oil recovery (EOR), have increased the usage of demulsifiers.
• Environmental Regulations : Stringent regulations regarding oil extraction and refining to minimize environmental impact push the need for effective water separation processes, enhancing the demand for demulsifiers.

Market Restraints

• Fluctuating Crude Oil Prices : Volatility in global crude oil prices can affect the profitability and investment in oil exploration, impacting the demand for demulsifiers.
• Environmental Concerns : Some demulsifiers have been found to be harmful to the environment, leading to increased regulation and shifts toward green chemistry solutions.

Key Market Segments

The demulsifier market can be segmented based on type, application, and region.

a.   By Type

1. Oil-Soluble Demulsifiers : These are more effective in separating water-in-oil emulsions and are commonly used in crude oil processing. They hold the majority of the market share.
2. Water-Soluble Demulsifiers : These are used in specific applications where water-based separation is needed but hold a smaller share compared to oil-soluble variants.

b.   By Application

1. Crude Oil : The largest segment, as demulsifiers are primarily used in the oil and gas industry to process and refine crude oil by separating water from oil.
2. Petrochemical : Demulsifiers are used in the petrochemical industry for various refining processes.
3. Lubricant Manufacturing : Used to improve the quality of lubricants by separating moisture during production.
4. Other Applications : Demulsifiers also find use in industries like pharmaceuticals, water treatment, and food processing.

Regional Insights:

In 2023, the North American demulsifier market was valued at USD 0.73 billion, leading the global market and expected to maintain its dominance throughout the forecast period. This strong position is driven by high demand from the region's vast oil production base. The United States, in particular, is the top oil producer due to its large oil reserves, and the significant manufacturing base in North America is further expected to support regional market growth.

The Middle East & Africa is also projected to hold a substantial share of the demulsifier market, thanks to the large oil and gas reserves in countries such as Kuwait, Iran, Iraq, Saudi Arabia, and the UAE. The region's extensive petroleum and oil extraction activities will drive strong demand for demulsifiers. Moreover, the discovery of new oil reserves in Saudi Arabia and Abu Dhabi is expected to have a significant positive impact on market growth in the region.

Get More Information:   https://www.fortunebusinessinsights.com/industry-reports/demulsifier-market-101084

LIST OF KEY COMPANIES PROFILED
Baker Hughes Incorporated (U.S.)
Croda International (U.K.)
Ecolab Inc. (U.S.)
Clariant (Switzerland)
Schlumberger Limited (U.S.)
BASF SE (Germany)
Nova Star LP (U.S.)
Nouryon (Netherlands)
SI Group (U.S.)
Innospec Inc. (U.S.)

The global   thermoformed plastics market   size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “ Thermoformed Plastics Market Size, Share & Industry Analysis, By Plastic Type (Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile butadiene styrene, Bio-degradable polymers), By Thermoforming Type (Vacuum Snapback, Thin Gauge Thermoforming, Thick Gauge Thermoforming, and Plug Assist Forming), By Application (Healthcare & Medical, Food Packaging, Electrical & Electronics, Automotive Packaging, Construction, Consumer Goods & Appliances), and Geography Forecast, 2024-2032.”   The market size stood at USD 40.59 billion in 2019.

The report on the   thermoformed plastics market emphasizes :

• Wide-ranging analysis of the market
• Valuable insights into the regions
• Key market trends and drivers
• Severe impact of COVID on the industry
• Significant about prominent players

Market Segments   :

The thermoformed plastics market is segmented based on the following categories:

 By Material

1. Polypropylene (PP) : Widely used in food packaging and medical trays due to its chemical resistance and low cost.
2. Polyethylene (PE) : Common in agricultural, construction, and packaging sectors.
3. Polystyrene (PS) : Utilized for its rigidity and insulation properties, especially in disposable cups and containers.
4. Polyvinyl Chloride (PVC) : Valued for its durability and flexibility in medical and construction applications.

 By Process

1. Vacuum Forming : A popular process used in creating thin-gauge plastic products for packaging and automotive parts.
2. Pressure Forming : Used for creating more detailed and durable plastic components, often applied in the medical and automotive industries.
3. Mechanical Forming : Ideal for high-strength plastic products, though less commonly used due to higher costs.

 By End-Use Industry

1. Packaging : The largest segment, driven by the demand for food packaging, blister packaging, and trays.
2. Healthcare : Growing demand for medical devices, pharmaceutical packaging, and diagnostic kits.
3. Automotive : Use in interior panels, door liners, and exterior components due to the lightweight nature of thermoformed plastics.
4. Construction : Utilized in various building materials and components due to its flexibility and durability.
5. Consumer Goods : Application in a wide range of household and industrial goods.

Market Driver :

• Increasing demand for lightweight and cost-effective packaging solutions : The food and beverage industry is shifting towards lightweight materials to reduce shipping costs and improve sustainability. Thermoformed plastics meet these demands while maintaining durability and flexibility.

• Growth in the healthcare industry : The rise in medical procedures and pharmaceutical packaging requires efficient, sterile, and cost-effective solutions, where thermoformed plastics are widely used.

• Technological advancements in thermoforming : Innovations in tooling and processing techniques are enabling the production of more complex and precise plastic components, increasing their applications in industries like aerospace and electronics.

Regional Analysis :

Prospering Healthcare Sector to Aid Growth in North America

The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region.

Get More Information:   https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032

Key Development :

July 2020:   Anchor Packaging LLC, announced it has acquired Panoramic Inc. manufacturer of thermoformed products. This acquisition will broaden the offering to produce, attract bakery, confectionery customers, and deli.

The Report Lists the Main Companies in the   Thermoformed Plastics Market:

• Fabri-Kal Corp. (U.S.)
• Pactiv LLC (U.S.)
• Amcor Ltd. (Australia)
• Berry Global Inc. (U.S.)
• D&W Fine Pack LLC (U.S.)
• Genpak LLC (U.S.)
• Dart Container Corp. (U.S.)
• Sabert Corporation (U.S.)
• Anchor Packaging (U.S.)
• Sonoco Products Company (U.S.)
• M. Packaging (Netherlands)
• Other Key Players

The global   polybutylene adipate terephthalate market   size was valued at USD 184.0 million in 2023. The industry is expected to expand from USD 198.7 million in 2024 to USD 376.5 million by 2032, exhibiting a CAGR of 8.3% over the study period.

Polybutylene adipate terephthalate (PBAT) means a renewable and biodegradable synthetic polymer made by combining terephthalic acid, 1,4-butanediol, and adipic acid. It possesses superior toughness, processability, and flexibility, which makes it a popular choice for applications including agricultural films, packaging, and others. The growing demand for biodegradable plastics is impelling the market expansion.

Fortune Business Insights™   provides this information in its research report, titled   “Polybutylene Adipate Terephthalate Market, 2024-2032”.

Segmentation:

Exceptional Flexibility of the Product to Propel the Packaging Segment Growth

In terms of application, the market is segregated into consumer goods, packaging, coatings & adhesives, agriculture & horticulture, and others. The packaging segment occupied the largest share in the market in 2023. The product demonstrates superior processability, flexibility, and biodegradability, which makes it a preferred choice for different packaging formats such as pouches, bags, rigid containers, and flexible films. This factor is accelerating the packaging segment expansion.

Regionally, the market for polybutylene adipate terephthalate is classified into North America, Europe, the Asia Pacific, and the rest of the world.

Report Coverage

The strategic initiatives undertaken by top companies in the polybutylene adipate terephthalate market to reinforce their industry position have been mentioned in the report. Besides this, it provides vital insights into the latest trends, the COVID-19 pandemic impact, and notable industry developments. Other aspects of the report include the significant factors affecting the market growth.

Drivers and Restraints:

Product’s Exceptional Features to Impel its Uptake in   Sustainable Packaging, Escalating the Market Growth

Due to growing awareness of the environmental influence of single-use plastics among regulators and consumers, there is a rising requirement for sustainable packaging options. It is an appealing option to traditional petroleum-based plastic, especially for disposable tableware, shopping bags, and food packaging, owing to its capacity to degrade under industrial composting settings. Thus, these factors are augmenting the polybutylene adipate terephthalate market growth.

However, the finite production, weak waste infrastructure, and prohibitive costs may impede the market growth. The full realization of the product’s biodegradability advantages can be hindered due to the scarcity of composting facilities and comprehensive waste management infrastructure.

Regional Insights:

Asia Pacific Leads Owing to Favorable Government Regulations

The Asia Pacific registers the largest polybutylene adipate terephthalate market share. This can be credited to the strong packaging industry along with favorable policies and regulations by the government that encourage biodegradable materials.

Europe market growth can be ascribed to strict environmental regulations, such as EU’s Single-Use Plastics Directive, which has boosted the product uptake in packaging and other applications.

Get More Information:   https://www.fortunebusinessinsights.com/polybutylene-adipate-terephthalate-market-109772

Competitive Landscape:

Manufacturers Emphasize Development of Innovative Products to Diversify Their Portfolios

The emphasis of manufacturers is on the development of innovative PBAT-based formulations and applications for the diversification of their product portfolios. In addition, prominent players are opting for strategic partnerships and collaborations to boost their geographical reach, improve their overall competitiveness, and access new markets. Joint ventures, mergers & acquisitions, and product innovations are some of the strategies opted for by leading companies to stand out from the competition in the polybutylene adipate terephthalate market.

List of Key Players Mentioned in the Report:

• BASF SE (Germany)
• Novamont S.p.A. (Norway)
• Kingfa Sci.&Tech. Co., Ltd. (China)
• OerlikonBarmagHuitong (Yangzhou) Engineering Co., Ltd. (China)
• Xinjiang Blue Ridge Tunhe Sci.&Tech. Co., Ltd. (China)
• Jin Hui Zhao Long High Tech Co., Ltd. (China)
• DAWN (China)
• Mitsubishi Corporation (Hong Kong) Limited. (Japan)
• Entec Polymers (U.S.)
• Hangzhou Peijin Chemical Co., Ltd. (China)

The global   textile chemicals market   was valued at USD 20.67 billion in 2019 and is projected to reach USD 26.97 billion by 2027, growing at a robust CAGR of 3.5% from 2020 to 2027. Rising popularity across textile and apparel industries and robust adoption of sustainable products may propel market growth.   Fortune Business Insights ™   presents this information in its report titled “ Textile Chemicals Market, 2024-2032. ”

Segmentation

Colorant & Auxiliaries Segment to Dominate Owing to Extensive Consumption

By product type, the market is classified into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others.

The colorant & auxiliaries segment is expected to dominate owing to its increasing applications. This factor is expected to dominate segmental growth.

Apparel Segment to Dominate Owing to Increasing Apparel Production

Based on application, the market is trifurcated into apparel, home furnishing, and technical textiles.

The apparel segment is expected to dominate owing to rising apparel production. Further, the growing demand for textiles from the geriatric population may enhance market progress.

Regionally, the market is clubbed 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

Rising Awareness Regarding Textile Chemistry in Manufacturing Sector to Foster Growth

Textile chemicals are utilized to treat textile materials at various manufacturing stages such as washing, scouring, mercerizing, dyeing, printing, and finishing. Increasing awareness regarding textile chemistry in manufacturing is expected to foster the demand for textile chemicals. Furthermore, rising consumer demand for enhanced functionality and quality is expected to boost textile chemicals’ sales. Moreover, the increasing awareness regarding the importance of textile chemistry is expected to drive the textile chemicals market growth.

However, the chemical's human health and environmental effects are expected to hamper the market growth.

Regional Insights

Presence of Leading Textile Manufacturers to Propel Market Progress in Asia Pacific

Asia Pacific is projected to dominate the textile chemicals market share because of the presence of several leading textile manufacturing companies in India, Vietnam, Bangladesh, Indonesia, and China. The market in Asia Pacific was valued at USD 1.55 billion in 2019 and is expected to gain a huge portion of the global market share in the upcoming years. Moreover, China's substantial production volume and value are expected to foster industry growth.

In Europe, the presence of a huge manufacturing base is expected to foster the demand for textile chemicals. The region houses nearly 1,71,000 manufacturing industries and may allow manufacturers to elevate their supply chain. This factor may propel market progress.

The market in North America is expected to dominate owing to the large export volume of textiles in the U.S. The textile industry supplies nearly 8,000 textile products to the defense sector and is responsible for market growth in the region.

Competitive Landscape

Companies Enter Agreements to Expand Market Presence

The prominent companies operating in the market enter agreements to expand their market presence. For example, Croda International entered an agreement with Microban to provide odor control and antimicrobial technologies to Indonesia and Indian industries in June 2019. Microban’s product offering includes Scentry, Scentry Revive, AEGIS, and SilverShield. The companies may explore new opportunities and expand their market presence through this development. Further, companies devise acquisitions, mergers, novel product launches, innovations, research and development, and industrial automation to enhance their annual revenues and reinforce their stance in the global market.

Get More Information:   https://www.fortunebusinessinsights.com/textile-chemicals-market-103284

Key Industry Development

• July 2022-   As per the information provided by Swarajyamag.com, manufacturing exports are likely to touch USD 1 trillion in India. The chemical sector is the leading sector responsible for this spike in exports.

List of Key Players Profiled in the Market Report

• Archroma (Switzerland)

• Huntsman Corporation (U.S.)

• DIC Corporation (Japan)

• Kiri Industries Ltd. (India)  

• Covestro AG (Germany)

• Omnova Solutions Inc. (U.S.)  

• Lubrizol Corporation (U.S.)  

• Solvay S.A. (Belgium)  

• Evonik Industries AG (Germany)  

• Tanatext Chemicals (Netherlands)

The global   paints and coatings additives market   size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. This is attributable to the surging demand for advanced paints and coatings additives owing to the increasing residential projects and the rising automotive sector across the globe. This information is published by Fortune Business Insights, in its latest report, titled,   “Paints and Coatings Additives Market Size, Share & COVID-19 Impact Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others),   and Regional Forecast, 2024-2032.” 

Paints and coatings additives consist of emulsifiers, pigments, curing catalysts, thickeners, and dispersants, among others. These additives are extensively adopted to enhance the inherent properties such as good leveling and flow, UV protection, high-temperature stability, and chemical resistance. This makes them an ideal choice for applications across automotive and construction sectors globally.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. 

DRIVING FACTORS

Increasing Focus on Development of Residential Sector to Augment Growth

The novel coronavirus has hampered the painting and coating applications across the globe. However, the growing do-it-yourself projects undertaken by the people to decorate their homes are driving the demand for these additives. These additives are extensively adopted as emulsifiers, dispersants, thickeners, photo-stabilizers, and leveling agents as they provide efficient corrosion protection for infrastructures. Additionally, they improve the overall shelf life of coatings and increase the substrate durability. Owing to their several benefits, the surging adoption of advanced additives is expected to boost the global paints and coatings additives market growth during the forecast period.

SEGMENTATION

The paints and coatings additives market can be segmented based on product type, application, and end-user industry.

By Product Type :

• Rheology Modifiers : These additives help control the flow and application properties of the paint, improving consistency and finish. Rheology modifiers hold a significant share of the market.

• Dispersing Agents : These are used to stabilize pigment particles and prevent them from clumping, ensuring uniform color distribution.

• Wetting Agents : Wetting agents enhance the paint's ability to spread evenly across surfaces, minimizing defects and improving surface smoothness.

• Anti-Foaming Agents : Prevent foam formation during paint application, which can lead to surface imperfections.

• Biocides : Used to prevent microbial growth, particularly in water-based paints, extending shelf life and preventing spoilage.

By Application :

• Architectural Coatings : Paint additives are widely used in both interior and exterior architectural applications. The construction sector's growth is driving demand for architectural coatings with enhanced properties, such as UV resistance and water repellence.

• Automotive Coatings : The automotive industry requires advanced coatings for scratch resistance, corrosion protection, and enhanced aesthetics. Additives play a crucial role in achieving the desired performance.

• Industrial Coatings : This segment includes coatings for heavy machinery, equipment, and industrial structures. Additives here provide properties such as heat resistance, anti-corrosion, and weatherability.

• Marine Coatings : Marine environments are harsh, and paints need to resist saltwater, algae, and corrosion. Additives enhance durability and longevity.

REGIONAL INSIGHTS

Rising Automotive Sector in Asia-Pacific to Favor Growth

Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global paints and coatings additives market in the forthcoming years. This is attributable to the rising automotive sector in countries such as India and China that drive the demand for advanced paints and coatings additives to prevent corrosion and protect the vehicle from extreme temperature. The region stood at USD 3,766.8 million in 2019.

The market in Europe is expected to gain momentum owing to the increasing focus on improving the aesthetic look of old government and residential buildings in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Eminent Players Expanding Their Production Facilities to Leverage the Promising Opportunities

The global paints and coatings additives market is consolidated by the presence of several major companies that are focusing on expanding their production facilities to cater to the increasing demand for advanced paints & coatings additives for industrial applications such as automotive and construction.

Get More Information:   https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810

Industry Development:

• February 2020 –   BYK announces the launch of its new production and research facility located in Texas, United States. According to the company, the new facility is anticipated to aid in propelling the manufacturing process of GARAMITE organoclays and additives that are adopted as specialty rheological paints & coatings additives across a wide range of industrial applications.

List of the Companies Operating in the Global Market:

• Dow (U.S)
• Evonik Industries AG (Germany)
• BYK-Chemie GmbH (Germany)
• Clariant AG (Switzerland)
• Kyoeisha Chemical Co., LTD. (Japan)
• Arkema S.A. (France)
• BASF SE (Germany)
• Lubrizol Corporation (U.S.)
• ELEMENTIS PLC. (UK)
• Kusumoto Chemicals, Ltd. (Japan)

The global   hermetic packaging market   size stood at USD 3.95 billion in 2023. The market revenue is anticipated to rise from USD 4.21 billion in 2024 to USD 7.31 billion by 2032, registering a CAGR of 7.14% from 2024 to 2032.

Hermetic packaging is widely used to protect electronic components from corrosive environments. An increase in research and development initiatives in the aerospace and defense sector is boosting the adoption of hermetic packaging solutions. Rising emphasis on sustainable packaging solutions to reduce environmental issues is propelling market expansion.

Fortune Business Insights presents this information in their report titled " Hermetic Packaging   Market, 2024–2032".

Segments

Increasing Usage of Ceramic Metal Sealing in Implantable Electronic Devices Propels Segment Growth

By type, the market is classified into co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass metal sealing. The ceramic metal sealing segment accounts for the largest hermetic packaging market share owing to the increasing usage of ceramic metal sealing in implantable electronic devices. Growing preference for ceramic packaging over other materials due to its superior hermetic protection is boosting segment growth.

Surging Need for Excellent Heat Dissipation and High Optical Precision in Sensors Boosts Segment Expansion

On the basis of the application, the market is divided into sensors, photodiodes, MEMS, transistors, laser chips, memory, and others. The sensors segment takes the lead in the global market. The surging need for excellent heat dissipation and high optical precision in sensors is augmenting segment growth.

Aerospace & Defense Segment Leads the Market due to Rise in Defense Budgets

In terms of end-use industry, the market is segregated into aerospace & defense, healthcare, automotive, electrical & electronics, telecom, and others. The aerospace & defense segment dominates the global market driven by a rise in security threats, changing political dynamics, and increasing defense budgets. A rise in government and private investments in space exploration is accelerating segment expansion.

From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.

Report Coverage

The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.

Market Drivers

Several key drivers are contributing to the growth of the hermetic packaging market:

• Increased Demand for Aerospace and Defense Applications : The global rise in defense budgets, as well as the expansion of space exploration activities, is driving demand for hermetically sealed components.
• Growth in Healthcare Devices : With the increasing use of electronics in medical devices such as pacemakers and neurostimulators, the need for reliable packaging solutions has surged.
• Advancement in Automotive Electronics : The integration of advanced driver assistance systems (ADAS), autonomous driving technologies, and electric vehicle (EV) components is bolstering demand for hermetic packaging in the automotive sector.

Nevertheless, the growing preference for other substitutes is hindering the hermetic packaging market growth.

Regional Insights

Increase in the Production of Several Electronic Devices and Components Fueled Market Growth in Asia Pacific

Asia Pacific commands the global market with the increasing production of several electronic devices and components.

North America has the second-largest share of the market. The presence of many aerospace companies and the rapid expansion of the aeronautics industry are the key factors fostering market growth in the region.

Competitive Landscape

Key Players Focus on Increasing Their Customer Base Across Regions

The global market is highly competitive. Some players emphasize offering innovative packaging solutions to make a mark in the global market. These market participants are engaged in innovation and increasing their customer base across regions.

Get More Information:   https://www.fortunebusinessinsights.com/hermetic-packaging-market-109188

Key Industry Development

• September 2023 : SCHOTT AG introduced lightweight microelectronic packages for aerospace. These packages are preferred as RF packages, microwave, and DC converter packages, specifically in aircraft and satellite applications.

List of Key Players Profiled in the Market Report:

• TELEDYNE (U.S.)
• SCHOTT (Germany)
• Amkor Technology, Inc. (U.S.)
• KYOCERA Corporation (Japan)
• Materion Corporation (U.S.)
• Egide (France)
• SGA Technologies (U.K.)
• Complete Hermetics (U.S.)
• Willow Technologies Ltd. (U.K.)
• Mackin Technologies (Japan)

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.

According to a research report by Fortune Business Insights™ the global   wood plastic composites 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 Composites Market Size, Share & Industry Analysis and Regional Forecast, 2024-2032 .” 

Lists of all the manufacturers of wood plastic composites present in the market

• Trex Company, Inc. (U.S.)
• Seven Trust (China)
• Meghmani Group (India)
• Beologic (Belgium)
• 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

Drivers & Restraints-

Increasing Usage of Sustainable Fibers to Boost Growth

Wood plastic composites 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 composites. 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 composites require higher initial cost spending. It may obstruct growth.

Segment-

The WPC market can be segmented based on   product type and   application

a.   By Product Type

• Polyethylene (PE)-based WPC:   This segment dominates the market due to its low cost and high durability. PE-based WPC is widely used in decking, siding, and fencing applications.
• Polypropylene (PP)-based WPC:   Known for its enhanced mechanical properties, PP-based WPC is mainly used in automotive and construction applications.
• Polyvinyl Chloride (PVC)-based WPC:   PVC-based WPC is favored for its high resistance to moisture and termites, making it ideal for exterior applications like cladding and windows.
• Others (ABS, PLA, etc.):   These are emerging materials in niche applications due to their unique properties, including recyclability and higher performance.

b.   By Application

• Building and Construction:   This is the largest segment, accounting for over 70% of the total market share in 2023. WPC products are extensively used in decking, railings, windows, doors, and structural components.
• Automotive:   WPC is increasingly being adopted in the automotive sector for interior components like dashboards, trims, and door panels due to its lightweight, high strength, and ability to reduce vehicle weight.
• Consumer Goods:   This segment includes the use of WPC in the production of furniture, home décor items, and household accessories.
• Others:   Packaging and electronics are smaller but growing segments as companies explore the use of WPC materials for sustainable packaging and casings.

Challenges

• Higher Initial Costs:   WPC products are more expensive upfront than traditional wood materials, which may hinder their adoption in cost-sensitive markets.
• Limited Awareness:   In some regions, the knowledge about the benefits and applications of WPC remains limited, slowing down market penetration.

Opportunities

• R&D and Innovation:   Companies are investing in research and development to create advanced WPC products with enhanced performance properties, including better weather resistance, flexibility, and recyclability.
• Recyclable and Bio-based WPC:   The trend toward using bio-based polymers and fully recyclable materials is expected to open new opportunities for growth in the WPC market.

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 composites 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.

Get More Information:   https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821

Competitive Landscape-

Key Companies Follow Acquisition Strategy to Gain Competitive Edge  

The wood plastic composites 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 composites. 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.

The global   ammonium sulfate market   size was valued at USD 8.20 billion in 2023 and is projected to grow from USD 8.58 billion in 2024 to USD 13.00 billion by 2032 at a CAGR of 5.3% during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled,   “Ammonium Sulfate Market Size, Share & Industry Analysis, By Form (Solid, Liquid), By Application (Fertilizer, cattle feed supplement, Others (pharmaceuticals, food processing, textile, etc.)) Others and Regional Forecast, 2024-2032.”

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Market Share and Segments

The ammonium sulfate market is segmented based on   product type ,   application , and   geography .

1. By Product Type

   • Solid Ammonium Sulfate : This segment dominates the market, as it is the most common form used in fertilizers. Solid ammonium sulfate accounts for over   70%   of the total market share due to its easy handling and storage.
   • Liquid Ammonium Sulfate : Although less prevalent, liquid ammonium sulfate is used in certain agricultural and industrial applications, accounting for about   30%   of the market.

2. By Application

   • Agriculture : The agriculture sector holds the largest share in the ammonium sulfate market, contributing to over   60%   of total demand. It is primarily used as a nitrogen-based fertilizer to improve crop yields.
   • Industrial Applications : Ammonium sulfate is used in various industrial processes, such as water treatment and in the production of flame retardants. This segment represents around   20-25%   of the market.
   • Food Additives : Ammonium sulfate is also used as a food additive, particularly as a dough conditioner and acidity regulator in baked goods. The food additive application accounts for around   10-15%   of market demand.
   • Pharmaceuticals : A smaller, yet growing segment, ammonium sulfate is used in the pharmaceutical industry for protein purification and crystallization processes, accounting for a minor share of the market.

DRIVING FACTORS

Increasing Mining Activities to Favor Growth

The growing mining activities to extract rare earth minerals is likely to drive the demand for advanced ammonium sulfate for the leaching process. According to the report by Minerals Make Life Organization, it is estimated that the U.S. mines produced raw materials worth USD 82.2 billion in 2018. In addition to this, the growing food and beverage sector propels the demand for the product as an emulsifier and thickening agent. These factors are expected to contribute to the global aluminum sulfate market growth in the forthcoming years.

REGIONAL INSIGHTS

Supportive Environmental Regulations in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global ammonium sulfate market during the forecast period. This is attributable to the supportive government initiatives regarding desulfurization plants that propel the production of advanced ammonium sulfate in the region.

The market in the Middle East and Africa is expected to showcase substantial growth backed by increasing focus on agricultural activities between 2019 and 2026.

COMPETITIVE LANDSCAPE

Product Launches by Major Companies to Consolidate Their Market Positions

The global market for ammonium sulfate comprises small, medium, and large companies striving to maintain their presence by focusing on introducing advanced ammonium sulfate products. Moreover, other key players are adopting organic and inorganic strategies to gain a major chunk of the market share and maintain their stronghold in the forthcoming years. 

Get More Information:   https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306

Industry Development:

• August 2019 – PhosAgro Group of Companies announced the expansion of its capacity at Cherepovets, Russia to manufacture 300 kilotons of ammonium sulfate annually. The expansion is expected to strengthen its position in the global marketplace.

List of the Companies Operating in the Global Market for Ammonium Sulfate:

• BASF SE
• Evonik Industries
• LANXESS AG
• Sumitomo Chemical Co., Ltd.
• Domo Chemicals
• Braskem S.A.
• China Petrochemical Development Corporation
• UBE INDUSTRIES, LTD.
• Viachem
• The Mosaic Company
• Others

The global   paraffin wax emulsion market   size was valued at USD 527.6 million in 2021. The market is projected to grow from USD 550.7 million in 2022 to USD 860.3 million by 2030, exhibiting a CAGR of 5.7% during the forecast period.

This information is provided by   Fortune Business Insights , in its report, titled, “ Paraffin Wax Emulsion Market, 2024-2032 .”

Segments:

By Application :

• Coatings: Used in surface protection, paints, and coatings, providing water repellency and gloss enhancement.
• Adhesives & Sealants: Improves tack and bonding in adhesive formulations.
• Paper & Packaging: Provides moisture resistance and enhances durability in paper products and packaging materials.
• Textiles: Enhances fabric softness and adds water repellency.
• Polishes & Cleaners: Used in floor, furniture, and car polishes for shine and protection.
• Cosmetics & Personal Care: In skincare products like lotions, creams, and other formulations for moisturization.
• Other: Includes applications in construction materials, agriculture, and industrial processing.

By End-Use Industry :

• Paints & Coatings Industry: Major end-user, with significant use of paraffin wax emulsions in industrial and decorative coatings.
• Paper & Packaging Industry: For waterproofing and improving the aesthetic appeal of paper products and packaging materials.
• Textile Industry: As a textile finishing agent, paraffin wax emulsion adds softness and water resistance to fabrics.
• Adhesives & Sealants Industry: Used in industrial and commercial adhesives.
• Cosmetics & Personal Care Industry: Growing demand for paraffin wax emulsions in skincare products.
• Food Industry: Used in certain food coatings and packaging applications to ensure food preservation.

Report Coverage:

The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.

Drivers and Restraints:

Growing Demand for Paraffin Wax from Paints & Coatings and Wood Working to Amplify Growth

Paraffin wax emulsion is substantially consumed in paints & coatings and woodworking applications. The growing demand for paints & coatings from various industries, comprising automotive, building, industrial manufacturing, and electrical & electronics is accountable for product implementation. Additionally, the growth is also credited to the capability of wax paraffin emulsion to guard substances or materials from rusting and wear & tear.

List of Key Players Mentioned in the Report:

• PMC Crystal (U.S.)
• Sasol (South Africa)
• Altana AG (Germany)
• Lubrizol Corporation (U.S.)
• Nippon Seiro Co., Ltd (Japan)
• Michelman, Inc. (U.S.)
• TIANSHI WAX (China)
• BASF SE (Germany)
• Repsol (Spain)

Regional Insights:

Asia Pacific to Lead Backed by Increasing Urbanization Activities

Asia Pacific held the largest paraffin wax emulsion market share and was valued at USD 188.8 million in 2021. The abrupt population growth and rising urbanization activities are backing for the advancement of numerous industries, such as leather manufacturing, agriculture, paints & coatings, and construction, which are bolstering the product utilization in Asia Pacific.

The manufacturing industries in Europe involving automobiles, chemicals, electrical engineering and electronics, machinery & equipment building, and food processing activities are flourishing, thereby enhancing infrastructures and augmenting product demand.

North America held a notable share of the paraffin wax emulsion market. Paper production and agriculture are the dominating sectors that carried out an indispensable part in the market’s growth and enhancement.

Get More Information:   https://www.fortunebusinessinsights.com/paraffin-wax-emulsion-market-106795

Competitive Landscape:

Key Players Sign Significant Contracts to Make Remarkable Changes in the Market

The players operating in the market often employ numerous tactics that will aid the paraffin wax emulsion market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their company.

Key Industry Development:

May 2021:   Michelman declared a novel contract with Omya, a manufacturer of calcium carbonate and a universal supplier of specialty chemicals for its portfolio. The bond mentions that Omya will be the sole provider for Michelman’s wax emulsion and surface modifiers product series to Canada’s paints and coating markets.