Category: Chemical and Materials
The Global Solvents 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 Solvents 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 Solvents 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 solvents market size was valued at USD 36.88 billion in 2023. The market is projected to grow from USD 38.60 billion in 2024 to USD 61.95 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.
Segmentation Analysis:
By Product Type
The market is segmented into alcohols, ketones, esters, and others.
Alcohols held the largest share in 2023 due to high demand for ethanol, methanol, n-butanol, and isopropanol in perfumes, medicines, inks, and adhesives.
Ketones are widely used in adhesives, coatings, chemical intermediates, and printing inks due to their low molecular weight.
Esters are expected to grow steadily from 2024–2032, driven by their use in removing organic solutes from aqueous solutions.
By Application
The market is divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others.
Paints & Coatings dominated the market in 2023 and will grow at the highest CAGR, supported by construction industry expansion and the development of sustainable paint formulations.
List of the Key Players in the Solvents Market:
- Shell plc (U.K.)
- Eastman Chemical Company (U.S.)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- Ashland (U.S.)
- BASF (Germany)
- Exxon Mobil Corporation (U.S.)
- Celanese Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- INEOS (U.K)
- Gandhar Oil Refinery (India) Limited (India)
- Vijay Chemsol (India)
- Moksha Chemicals (India)
Key Industry Developments
October 2024 – LyondellBasell: Acquired full ownership of APK AG (Germany) to advance its solvent-based LDPE recycling technology and build future commercial plants, enabling production of high-purity materials for flexible packaging.
August 2024 – Eastman: Introduced a new electronic-grade isopropyl alcohol (IPA) under its EastaPure line, providing U.S. semiconductor manufacturers with a reliable, domestically produced solvent.
Competitors Landscape:
The realm of Solvents 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.
What are the New Additions in Solvents Market Report?
Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.
Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.
Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.
Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.
Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.
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The global flavors and fragrances market size was valued at USD 27.50 billion in 2023 and is projected to grow from USD 28.72 billion in 2024 to USD 42.27 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period.
The flavors and fragrances market is a rapidly growing segment of the global food, beverage, and personal care industry. It plays a crucial role in enhancing the sensory appeal of consumer products, driving demand across food & beverage, cosmetics, personal care, pharmaceuticals, and household products.
Rising urbanization, increasing disposable incomes, and the demand for processed and convenience foods are fueling the need for natural and synthetic flavors. Similarly, fragrances are witnessing rising adoption in perfumes, cosmetics, detergents, and air fresheners, supported by growing lifestyle consciousness.
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List of Key Players Profiled in the Flavors and Fragrances Market Report :
- Givaudan (Switzerland)
- International Flavors and Fragrances (IFF) (U.S.)
- Symrise AG (Germany)
- Robertet Group (France)
- Kerry Group plc (Ireland)
- Sensient Technologies (U.S.)
- Firmenich SA (Switzerland)
- Takasago International Corp (Japan)
- Hasegawa Co., Ltd. (Japan)
- Mane (France)
- Archer Daniel Midland Company (U.S.)
- Solvay S.A. (Belgium)
- BASF (Germany)
Segments:
Flavors Segment to Lead the Market Due to its Unique Properties
By type, the market is bifurcated into flavors and fragrances. The flavors segment is further categorized into natural and synthetic. The fragrances segment is also divided into natural and synthetic.
Food & Beverage Sub-Segment to Dominate the Market
Based on type (cross application), the market is segregated into flavors used in the food & beverage sector for beverages, bakery, confectionery, dairy, and others. These flavors are also used in pharmaceuticals and other sectors. The fragrance segment is further classified into fine fragrances, cosmetics & personal care, home & floor care, and others.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report sheds light on the current market state and recent developments in the market. The impact of COVID-19 pandemic on the market growth is highlighted in this report. Furthermore, the report sheds light on drivers and restraints affecting the market development and expansion during the forecast period. Also, a list of key market players is given, along with the regional insights on segmented market areas.
Drivers & Restraints:
What is driving the growth of the flavors and fragrances market?
Rapid development in pharmaceuticals and cosmetics
Consumers’ changing taste preferences and rising adoption of ready-to-eat foods
Rising demand for natural and innovative flavors
What are the key restraints impacting market growth?
Volatile raw material prices affect production costs and pricing strategies
Regional Insights:
Europe Holds Dominant Market Share Due to Rising Demand from Food & Beverage Sector
Europe dominates the global flavors and fragrances market share due to the rising product demand from food & beverage manufacturers. The regional market stood at USD 8.16 billion in 2021.
Asia Pacific holds the second-largest global market share owing to the increasing demand for flavors and fragrances from various end-use industries.
Competitive Landscape:
New Product Launch Allows Key Market Players to Enhance their Product Portfolio
The key market players acquire various companies operating in the industry to improve their business performance. Also, rising investments in the adoption of technological advancements and R&D activities allow the leading market players to introduce new product ranges to the global market and increase business profitability.
Key Industry Development:
- March 2022: Symrise submitted a binding offer to acquire R. Romani - Société Française d’Aromatiques (SFA Romani) and Neroli Invest DL (Groupe Neroli). Both companies are based in the Grasse area in France. With these transactions, Symrise intends to reinforce its fine fragrance presence in southern France, strengthen its competitiveness in creating fragrance compositions, and broaden its presence in key countries in Europe, Africa, and the Middle East.
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According to a report published by Fortune Business Insights, titled “ Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027 ,” 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.
Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.
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Textile Chemicals Market Segmentation Analysis
By Product Type
The market is segmented into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others. In 2019, colorant & auxiliaries dominated the market, driven by their key role in yarn and fabric dyeing. These chemicals prepare and modify substrates for coloration, improve dye fastness, and include agents such as dispersing, sequestering, anti-foaming, and anti-pilling agents. Textile colorants include dyes (acid, basic, mordant, azoic, sulfur, vat) and pigments, chosen based on fiber compatibility.
By Application
The market is segmented into apparel, home furnishing, and technical textiles. Apparel held the largest share in 2019 (52.8%) owing to rising apparel production to meet growing population demand. The segment benefits from increasing disposable income, changing fashion trends, and manufacturers’ focus on quality and advanced production techniques, driving higher adoption of textile chemicals.
What are the major growth drivers?
Rising global apparel production
Growing demand for high-performance and durable fabrics
Increasing disposable income, especially in Asia Pacific
Adoption of eco-friendly & sustainable textile chemicals
Innovations aimed at reducing production cost and cycle time
Which region leads the market?
Asia Pacific is the largest and fastest-growing market due to the presence of major textile manufacturers, availability of raw materials, and strong export base (China, India, Bangladesh).
North America is witnessing growth due to increasing demand from defense and healthcare sectors.
List of companies profiled in the report:
- Archroma (Switzerland)
- Huntsman Corporation (USA)
- DIC Corporation (Japan)
- Kiri Industries Ltd. (India)
- Covestro AG (Germany)
- Omnova Solutions Inc. (USA)
- Lubrizol Corporation (USA)
- Solvay S.A. (Belgium)
- Evonik Industries (Germany)
- Tanatext Chemicals (Netherlands)
- Rudolf GmbH (Germany)
- NICCA Chemical Co. Ltd. (Japan)
- Kemin Industries Inc. (USA)
- JINTEX Ltd. (Taiwan)
- Sarex Chemicals (India)
Industry Developments:
- March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.
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The masterbatch market is experiencing significant growth due to its ability to provide color, special effects, and functional properties to polymers in a cost-effective and efficient manner. Masterbatches are widely used across industries such as packaging, automotive, construction, agriculture, consumer goods, and electronics, making them a crucial part of the global plastic processing sector. As per the report titled, “ Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2025-2032,” the global masterbatch market size was valued at USD 10.99 billion in 2018 and is projected to reach USD 16.35 billion by 2026, exhibiting a CAGR of 5.3% during the forecast period.
What does the masterbatch market report cover?
In-depth analysis of market trends, drivers, restraints, and opportunities
Market segmentation by type, polymer, end-use, and region
Identification of leading segments and their growth factors
Overview of recent industry developments and strategic moves
Competitive landscape analysis with key player strategies
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Market Drivers
What is driving the growth of the masterbatch market?
Rising demand for plastics in pharmaceutical packaging
Growth in construction activities across residential, commercial, and industrial sectors
Increasing adoption of lightweight vehicles, boosting automotive plastic consumption
Expanding use of plastics in consumer goods and packaging industries
What are the key challenges for the market?
Volatility in raw material prices (e.g., titanium dioxide, polymers)
Regulatory pressures related to plastic usage in certain regions
Regional Segmentation
Which region dominates the masterbatch market?
Asia Pacific leads the market, generating USD 3,998.14 million revenue in 2018
High demand from China, India, and Taiwan, coupled with rising consumer expenditure on infrastructure and packaging, drives growth
- Europe is set to witness significant growth, fueled by rising demand in automotive, building & construction, and the increasing trend of lightweight vehicles
Competitive Landscape
Fragmented Nature of Market will Intensify Competition
The global masterbatches market enjoys a fragmented nature of the market owing to the presence of various players both small and medium-sized. Companies are aiming at a large network of distribution and providing a good supply chain with regulatory expertise. Other players are engaging in collaborative efforts such as joint ventures, partnerships, mergers and acquisitions, contracts and agreements, and others to gain a competitive edge in the market on the one side and earn attracting revenue on the other.
List of Masterbatches Market Manufacturers include:
- Ampacet Corporation
- PolyOne
- PLASTIKA KRITIS S.A.
- Hubron International
- Penn Color Inc.
- Clariant
- Schulman, Inc.
- Cabot Corporation
- Plastiblends
- Tosaf
- Other Players
Major Industry Developments of the Market include:
February 2019 – PLA masterbatches were launched by Viba, a masterbatch producer in Italy. It is a range of color concentrating additives or combining masterbatches based on a PLA carrier material and optimized for various processing technologies.
December 2019 – Clariant Color and Masterbatches Additives Company were acquired by PolyOne Corporation for introducing specialized technology and solutions to the end-user market for apparel, packaging, and healthcare.
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The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2025-2032.” The report further mentions that The global wood plastic composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.
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This Report Answers the Following Questions:
- What are the trends, opportunities, challenges, and drivers in the market?
- Which segment is anticipated to lead the market in terms of share?
- Which region would top in terms of revenue in the coming years?
- How will the Wood Plastic Composite manufacturers compete in the market?
Key Market Drivers & Restraints:
Drivers
Sustainability Advantage: WPCs are eco-friendly, free from harmful chemicals, and durable.
Automotive Applications: Automakers are increasingly using WPCs to produce lightweight, recyclable parts that lower fuel consumption, improve passenger safety, and enhance acoustic performance.
Cost-Effective Plant Fibers: Use of plant-based fibers in reinforced plastics reduces cost, improves stiffness, and offers biodegradability.
Restraint
High Initial Costs: WPC production involves higher upfront costs, which can limit adoption in price-sensitive markets.
Segment-
Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector
Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.
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Regional Analysis-
Rapid Industrialization in China & India to Favor Growth in Asia Pacific
In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.
Competitive Landscape:
The market is highly fragmented, with over 100 players. Key strategies include R&D investments, product innovation, and mergers & acquisitions to strengthen market position.
Recent Industry Developments
- Feb 2021: Teknor Apex Co. introduced new weatherable compounds for dark-colored WPC decking, offering better aesthetics, lower maintenance, and a longer lifespan.
- May 2021: KTH Royal Institute of Technology developed a 100% renewable transparent WPC using limonene acrylate from citrus peel waste, achieving 90% optical transmittance for structural applications.
Fortune Business Insights™ lists out all the manufacturers present in this market. They are as follows:
- Seven Trust (China)
- Meghmani Group (India)
- Beologic (Belgium)
- Trex Company, Inc. (U.S.)
- UFP Industries, Inc. (U.S.)
- Fiberon LLC (U.S.)
- Axion International, Inc. (U.S.)
- Josef Ehrler GmbH & Co KG (Germany)
- Croda International Plc (UK)
- CertainTeed (U.S.)
- Others
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About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.
The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2024-2032.
Key Market Highlights:
Automotive & Transportation Dominates:
This segment holds the largest market share due to growing adoption of compounded plastics for lightweighting vehicles.
Helps improve vehicle fuel efficiency and extend component life.
Construction Demand Rising:
14.6% market share in 2018 came from infrastructure & construction.
Plastics are used in pipes, cables, doors, safety windows, and flooring due to their durability and corrosion resistance.
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Market Drivers & Restraints:
Drivers
Booming Construction Activities:
Growing residential and commercial projects worldwide.
Rising demand for modern interiors and sustainable building materials.
Automotive Industry Growth:
Demand for low-emission, lightweight vehicles.
Increased adoption of plastic compounding to replace metals.
Technological Advancements:
Innovations in polymer technology enhance performance, durability, and recyclability.
Restraints
Raw Material Price Volatility:
Fluctuating crude oil prices impact cost of production.
Can limit profit margins for manufacturers.
List of the Companies Profiled in the Global Plastic Compounding Market are:
- LANXESS A.G.
- BASF SE
- PolyVisions
- Asahi Kasei Corporation
- Aurora Plastics LLC
- SABIC
- LyondellBasell
- Kingfa SCI. & TECH. CO., LTD.
- DuPont
- Celanese Corporation
- RTP Company
- Solvay S.A.
- KURARAY CO., LTD.
- Kraton Corporation
- Covestro AG
- Kraton Corporation
- MRC Polymers
- Adell Plastics
- Other Key Players
Regional Insights:
Asia Pacific:
Largest regional market led by China and India.
Growing automotive production and industrialization drive demand.
North America:
High demand from healthcare, pharmaceuticals, and electronics sectors.
U.S. accounted for USD 10.02 billion in 2018.
Europe:
Germany leading growth with rising production of electric vehicles.
This Report Answers the Following Questions:
- What are the plastic compounding market trends?
- How many growth drivers and barriers will the market possess?
- Which organizations are set to remain on top in the market?
- What are the strategies adopted by industry giants to strengthen their position?
- Which segment is set to dominate the market during the forthcoming years?
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Global Plastic Compounding Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Polyethylene (PE)
- Polypropylene (PP)
- Poly Vinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Polyamide (PA)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
- Market Analysis, Insights and Forecast – By Application
- Automotive & Transportation
- Infrastructure & Construction
- Electrical & Electronics
- Packaging
- Consumer Goods / Lifestyle
- Industrial Machinery
- Healthcare & Pharmaceuticals
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
TOC Continued…!
Competitive Landscape-
Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.
Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.
Below are a couple of the latest key industry developments:
-
May 2019 – BASF expanded production capacity at its Altamira, Mexico plant by 15 KT per year to meet rising global demand for engineering plastics, including Ultradur (PBT) and Ultramid (PA).
-
January 2019 – Celanese Corporation acquired Next Polymers Ltd., a leading Indian thermoplastics compounder, strengthening its presence in India and enhancing its ability to supply high-quality nylon and engineered materials.
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
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Phone:
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APAC: +91 744 740 1245
The global liquid laundry detergent market size was USD 24.99 billion in 2023 and is projected to grow from USD 26.52 billion in 2024 to USD 41.65 billion by 2032 at a CAGR of 5.8% during the forecast period. Increasing demand for effective and convenient washing solutions is expected to fuel market progress. Fortune Business Insights™ mentions this information in its report titled " Liquid Laundry Detergent Market, 2025-2032. "
Liquid laundry detergent is a detergent made up of liquid instead of powder. It is composed of surfactants and other ingredients to enhance fabric cleaning. They are an extremely convenient option that eliminates the hassles of lint formation, color loss, and others. It reduces washing time and removes dirt efficiently from clothes. These type of detergents are made up of a mixture of non-ionic and anionic surfactants. Liquid detergents work well in cold, dry, and hot water and reduce the effort taken to wash clothes, and improve the consumer's experience. In addition, the evolving consumer experience and rising demand for effective laundry solutions are expected to boost market progress during the upcoming years.
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Segments:
By Application, the market is segmented into household and industrial & institutional. Regionally, it is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report:
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.
What are the main factors driving growth?
Rising popularity of automatic washing machines worldwide.
Growing awareness about hygiene and cleaning efficiency.
Ability to retain fabric quality by reducing fiber damage and color fading.
Are there any challenges?
Higher price compared to powder detergents.
Presence of low-cost alternatives in emerging economies.
Which regions dominate the market?
North America: Leading market (USD 6.94 billion in 2020), driven by home care facilities, healthy lifestyle adoption, and real estate growth.
Asia Pacific: Fastest growth due to urbanization, rising middle-class income, and industrial expansion.
Europe: Strong demand for bio-based detergents and premium household cleaning solutions.
What strategies are these companies using?
Launch of hygiene-focused products to boost brand image.
Heavy investment in manufacturing facilities to expand production.
Focus on R&D and automation to improve quality, reduce costs, and increase operational efficiency.
Industry Development
-
May 2022 – Procter & Gamble (P&G) invested USD 2.51 billion to set up a liquid detergent manufacturing facility in Hyderabad, India.
-
May 2022 – Unilever’s Breeze brand launched Breeze Detergent, a concentrated 500ml formula that can be diluted to make 2.5 liters, providing over 60 washes.
List of Key Players Profiled in this Market Report
- Procter & Gamble (U.S.)
- Unilever (U.K.)
- Lion Corporation (Japan)
- KAO CORPORATION (Japan)
- Henkel AG & Co. KGaA (Germany)
- Church & Dwight Co., Inc. (U.S.)
- Reckitt Benckiser Group plc (U.K.)
- Wipro Consumer Care and Lighting (India)
- Seventh Generation Inc. (U.S.)
- Guangzhou Blue Moon Industrial Co., Ltd. (China)
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The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “ Ethyl Acetate Market Size, Share & COVID-19 Impact Analysis, By Application (Paints & Coating, Printing Ink, Process Solvent, Food & beverage, and Others), and Regional Forecast, 2025-2032.” The global ethyl acetate market size was valued at USD 4.41 billion in 2023 and is projected to grow from USD 4.70 billion in 2024 to USD 8.26 billion by 2032 at a CAGR of 7.3% during the 2024-2032 period.
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The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
Who are the major players in the ethyl acetate market?
- INEOS (UK)
- Celanese (US)
- Eastman Chemical (US)
- Jiangsu Sopo (China)
- Jiangmen Handsome (China)
- Wuxi Baichuan (China)
- Jubliant (India)
- GODAVARI BIOREFINERIES LTD. (India)
- Sekab (Sweden)
- Korea Alcohol (South Korea)
- IOL Chemicals and Pharmaceuticals (India)
- Other players
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The report on the ethyl acetate market includes :
- An excellent report on the market
- Vital stats about main regions
- Recent developments
- Wide-ranging data about eminent players
- COVID-19 impact on the market
Hindered Import and Export Activities to Deteriorate Business Amid Coronavirus
The weak demand for ethyl acetate due to coronavirus has resulted in an enormous loss for the market. The restrictions imposed by the governments on import and export activities has further obstructed the growth of the market. For instance, China is the largest producer and exporter is facing a trade war with the US which has further impacted its exports. However, the demand for ethyl acetate from the packaging industry has remained poised owing to the essential supply of packaged food during coronavirus. Besides, the weakened construction industry on account of labor shortage can consequently impede business proceeding for the market in the near future.
Which regions are leading the market?
Asia Pacific (Dominant Region):
Leading market due to strong demand from automotive and construction sectors.
China is the largest contributor and key manufacturing hub.
India is growing rapidly, driven by rising paints & coatings consumption, population growth, and higher disposable income.
Packaging segment in China holds 17.1% market share (2023).
North America:
Growth driven by automotive applications and industrial usage.
Europe:
Demand supported by pharmaceutical, food & beverage, and cosmetics industries.
Preference for eco-friendly solvents boosts usage.
Germany, France, and the U.K. are major contributors.
Latin America:
Growth led by food & beverage and medical sectors in Brazil, Mexico, and Argentina.
Middle East & Africa:
Rising construction activities drive demand for ethyl acetate.
What is driving the growth of the ethyl acetate market?
Growing demand from paints & coatings industry – Used as a solvent in industrial coatings and automotive paints.
Rise in printing ink production – Ideal for manufacturing flexographic and rotogravure inks.
Increasing packaging demand – Boosted by rising consumption of packaged food during and after COVID-19.
Shifting to renewable materials – Launch of sustainable acetyl chain products like Celanese’s ECO-B supports market growth.
What are the latest industry developments?
February 2023: Celanese Corporation launched ECO-B , a sustainable range of acetyl chain materials with bio-content.
October 2022: IOL Chemicals and Pharmaceuticals received EU approval to export ethyl acetate under REACH certification, expanding its European presence.
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The Global Colour Cosmetics 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 Colour Cosmetics 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 Colour Cosmetics 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 color cosmetics market size was valued at USD 77.73 billion in 2023 and is projected to grow from USD 82.16 billion in 2024 to USD 128.11 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
List of the Key Players in the Colour Cosmetics Market:
- L'Oréal S.A (France)
- Unilever (U.K.)
- Avon Products Inc. (U.K.)
- Estée Lauder Inc (U.S.)
- Shiseido Company, Limited (Japan)
- Revlon, Inc. (U.S.)
- Coty Inc. (U.S.)
- Amway (U.S.)
- KRYOLAN (Germany)
- CIATÉ (U.K.)
- CHANEL (France)
Segments:
Prestige Products Segment to Witness Significant Growth with Rising Demand for Luxury Goods
By target market, the color cosmetics industry is divided into mass products and prestige products. The prestige products segment held a dominant market share and is projected to record notable growth over the forecast period. This expansion is primarily driven by growing consumer awareness regarding the benefits of premium-quality products for facial and body care.
Offline Distribution Channel to Maintain Strong Position Despite E-Commerce Growth
Based on distribution, the market is segmented into online and offline channels. The offline segment is expected to expand steadily throughout the study period, supported by consumer preference for physical product demonstrations before purchase, which enhances buying confidence.
Face Products Segment to Register Robust Expansion with Rising Beauty Awareness
On the basis of application, the market is categorized into hair products, nail products, lip products, face products, and others. Among these, the face products segment is anticipated to grow significantly during the forecast timeline. The surge is attributed to rising consumer awareness of beauty trends and the increasing adoption of facial beautification products.
Geographical Coverage
The color cosmetics market has been analyzed across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides an extensive analysis of the major factors driving industry growth, key trends shaping the market outlook, and the initiatives undertaken by leading players to strengthen their global presence.
Drivers and Restraints:
Market Growth Supported by Shift Toward Organic Cosmetic Products
The rising inclination of consumers toward organic and chemical-free cosmetics is a major factor fueling the market growth. Increasing disposable income in emerging economies further supports industry expansion.
Environmental Concerns May Hinder Growth
However, growing awareness regarding environmental preservation and sustainability could restrain the market’s pace of expansion.
Regional Insights:
Asia Pacific to Dominate with Rising Demand for Skin Care Products
The Asia Pacific market is set to lead the global landscape, primarily driven by the soaring demand for skincare products in countries such as India, Japan, and China.
North America to Exhibit Strong Growth Backed by High Spending Power
The North America market is expected to register appreciable growth throughout the forecast period, supported by high disposable income levels and advancements in cosmetic technology.
Competitive Landscape:
Key Players Focus on Collaborations and Product Innovation
Leading companies are pursuing strategies such as acquisitions, collaborations, mergers, and partnerships to expand their market reach. Additionally, firms are increasing investments in R&D activities and launching innovative products to strengthen their competitive edge.
Key Industry Development:
March 2021 – Shiseido Company introduced BAUM, a new skincare brand featuring 45 items across 27 products. This launch reflects the company’s commitment to building a sustainable society by addressing social challenges and reducing environmental impact.
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The global bio-based chemicals market was valued at USD 73.16 billion in 2023 and is projected to expand from USD 99.86 billion in 2024 to USD 207.95 billion by 2032, reflecting a CAGR of 9.6% during the forecast period (2024–2032). The rising adoption of bio-based solutions to support environmental sustainability is expected to be a key growth driver, according to Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2025–2032.”
Overview:
Bio-based chemicals are produced from renewable sources such as corn, sugar, cellulosic feedstock, biodegradable waste, and biomass. Increasing demand across food & beverage, pharmaceuticals, automotive, textiles, and industrial applications is being fueled by the depletion of petroleum resources and limited availability of fossil fuel–based products. The growing shift toward sustainable and green chemistry solutions will further accelerate market expansion in the coming years.
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Market Segments:
By Product Category :
Adhesives, platform chemicals, paints & coatings, inks & dyes, polymers for plastics, surfactants, cosmetics & personal care products, man-made fibers, and others.
By Application :
Agricultural, industrial, pharmaceutical, and others.
By Region :
North America, Europe, Asia Pacific, and Rest of the World.
Report Coverage:
The report offers:
Key growth drivers, challenges, and opportunities.
Insights into regional market developments.
Profiles of major industry players.
Strategies adopted by leading companies.
Latest updates including product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints :
Drivers :
Depleting fossil fuel reserves and rising greenhouse gas emissions.
Supportive government initiatives promoting sustainable chemicals.
Expanding adoption of green chemistry principles.
Restraint :
High production costs associated with bio-based chemicals.
Regional Insights :
Europe : Accounted for USD 35.59 billion in 2020 and is set to dominate the market due to strong EU initiatives promoting a green and circular economy.
Asia Pacific : Expected to record robust growth owing to a shift toward eco-friendly solutions and stricter environmental regulations.
North America : Growth will be driven by advanced R&D investments in biomaterials and increasing adoption across industries.
Notable Industry Development:
December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications.
The Report Lists the Key Players Profiled in the Market Report:
- BASF SE (Germany)
- Vertec BioSolvents Inc. (U.S.)
- AGAE Technologies, LLC (U.S.)
- TOTAL (France)
- ADM (U.S.)
- DuPont (U.S.)
- Evonik Industries (Germany)
- Toray Industries, Inc. (Japan)
- Cargill, Incorporated (U.S.)
- GF Biochemicals Ltd. (Italy)
- Mitsubishi Chemical Corporation (Japan)
- DSM (Netherlands)
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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