The global carbon black market size was valued at USD 27.59 billion in 2024. The market is projected to grow from USD 28.86 billion in 2025 to USD 40.10 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period. The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries. The market by application is segmented into tires, high-performance coatings, plastics, and others. Tires hold the largest share as carbon black enhances their strength and durability. Rising demand in paints, coatings, inks, and industrial rubber for construction and manufacturing is further driving market growth.

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

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Segments:

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

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

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

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

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

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

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

Report Coverage:

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

Drivers and Restraints:

Expansion of the Rubber Sector to Impel Market Growth

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

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

Regional Insights:

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

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

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

  Competitive Landscape:

Leading Companies Undertake Strategic Steps to Strengthen Industry Foothold

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

Key Industry Development:

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

List of Key Players Mentioned in the Report:

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

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The global resin market size was USD 593.94 billion in 2024. The market is projected to grow from USD 623.27 billion in 2025 to USD 875.41 billion by 2032 at a CAGR of 5.0% during the forecast period. Resin is typically a solid or highly viscous material obtained from plants or artificially produced in a lab. The increasing need for polypropylene in the automotive and construction sectors is expected to drive the market’s growth.   Fortune Business Insights presents this information in their report titled "Global Resin Market, 2025–2032."  The report further mentions that the automotive industry is exhibiting an increasing demand owing to the ongoing resin market trend of light weight vehicles.

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Segments:

Dominant Role of Polyethylene (PE) and Polypropylene (PP) in Market Driven by Automotive and Healthcare Industries

Based on type, the market is segmented into polyurethane, acrylonitrile butadiene styrene (ABS), polyethylene (PE), polystyrene, polypropylene (PP), polyethylene terephthalate (PET), polycarbonate, polyvinyl chloride (PVC), polyamide, and others. PE (polyethylene) and PP (polypropylene) are the dominant materials in this segment, primarily driven by increased demand from the automotive and healthcare industries. These materials possess desirable properties, including mold-ability, chemical, electrical, impact, and heat resistance.

Packaging Sector Poised for Rapid Growth, Ensuring Product Safety and Market Appeal

Based on end-use industries, the market is segmented into agriculture, automotive & transportation, building & construction, packaging, consumer goods/lifestyle, electrical & electronics, and others.
The packaging industry is projected to experience the highest growth among various end-use sectors in the forecast period. Several industries require effective packaging to ensure product safety, convenience, and market appeal, contributing packaging segment’s rapid expansion.

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

Report Coverage:

The report offers: 

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
• Comprehensive insights into regional developments. 
• List of major industry players. 
• Key strategies adopted by the market players. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Digital Transformation and Changing Consumer Preferences Drive Growth in Plastic Packaging Demand

Pharmaceutical and electrical & electronics industries have embraced digital platforms to enhance customer support, service, and product sales, contributing to the increased demand for plastic packaging. Simultaneously, the food & beverage sector favors flexible packaging, driven by the growing popularity of convenience foods such as frozen and ready-to-eat meals. These developments are anticipated to propel the packaging solutions market, leading to a surge in demand for plastic packaging materials.

On the contrary, fluctuation in oil prices may stifle the resin market growth.

Regional Insights

Asia Pacific Leads Plastic Market, with China and India as Key Contributors

Asia Pacific emerged as the frontrunner recording a market value of USD 268.20 billion in 2022. This dominant position is expected to be sustained in the coming years, primarily driven by the presence of major plastic-producing and consuming nations such as China and India.

In Europe, the market growth for resin is predominantly fueled by the automotive industry's escalating demand for plastics. The increasing consumption of plastics in automotive applications has become a significant factor driving the plastic market's expansion in the region.

Competitive Landscape

Fragmented Competitive Landscape Drives Expansion of High-Performance Polymers Market

The market’s competitive landscape for high-performance polymers and compounds is characterized by fragmentation, with multiple key players vying for the resin market share. These players are actively expanding their production capabilities to cater to the growing demand and enhance their regional presence.

Key Industry Development: 

• August 2022 -   Ashland, a global additive and specialty chemicals manufacturing company, declared a strategically important expansion of Viatel, a bioresorbable polymer manufacturing and R&D site at the National Science Park in Mullingar, Ireland.

List of Key Players Profiled in the Market Report:

• DuPont (U.S.)
• Arkema (France)
• BASF SE (Germany)
• INEOS Holdings Ltd. (U.K.)
• Hexion (U.S.)
• Invista (U.S.)
• LyondellBasell (Netherlands)
• Qenos (Australia)
• Radici Group (Italy)
• SABIC (Saudi Arabia)
• Repsol (Spain)
• Sumitomo Chemical Co. Ltd. (Japan)
• Teijin Limited (Japan)
• Tosoh Corporation (Japan)
• Toray Group (Japan)

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

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

Segments:

Versatility of Nylon 6 Fibers in Textile Applications Spur’s Market Growth

By type, the market is segmented into Nylon 6 (resin, fiber) and Nylon 6,6 (resin, fiber). Nylon 6 fibers dominate the global market for their strong adoption in the textile industry, offering excellent mechanical strength and wear resistance for various webbing products.

Automotive Sector's Strong Demand for Resins and Fibers Propel Segmental Growth

By application, the market is segregated into automotive, electrical & electronics, appliances, film & coatings, wire & cables, consumer, industrial & machinery, and others.
The automotive segment held the largest nylon market share in 2022, driven by the extensive use of polyamide resin and fibers in various automobile applications such as airbags, injection molded components, and tire cords.

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

List of the Companies Profiled in the Market:

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

DRIVING FACTORS

Increasing Adoption of Product from the Packaging Industry to Favor Growth

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

REGIONAL INSIGHTS

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

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

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

COMPETITVE LANDSCAPE

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

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

Industry Development

• 
  

  April 2023 : Microwave Chemical and Asahi Kasei launched a demo project to commercialize chemical recycling of Nylon 66 using microwave technology.

• 
  

  April 2023 : Kordsa announced a USD 50 million investment to expand nylon production at its Chattanooga plant to meet rising automotive demand.

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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 market is anticipated to grow during the projected period due to rapid development in the pharmaceuticals and cosmetics sector.   Fortune Business Insights™   publishes this information in a report titled,   " Flavors and Fragrances Market, 2025-2032" .

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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.

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)

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:

Rising Development in Pharmaceuticals & Cosmetics Sector to Propel Growth

The market is expected to witness significant growth during the forecast period due to the developing regional and novel flavors and fragrances. Also, consumers' changing food preferences and tastes and the adoption of ready-to-eat food are anticipated to fuel the regional market growth. Furthermore, growth in the cosmetics and pharmaceuticals sectors is expected to drive market growth.

However, constantly changing prices in various products hamper market growth.

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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The Global Water Purifier 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 Water Purifier 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 Water Purifier 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 water purifier market size was valued at USD 35.01 billion in 2024. The market is projected to grow from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.

Segmentation Analysis:

By Product Type:
The market is divided into point-of-use (POU) and point-of-entry (POE) filters. POU filters dominated in 2024 due to their compact size and suitability for light applications. Within POU, countertop filters contributed the most revenue.

By Category:
Segments include RO, UV, gravity, and others. RO filters led the market in 2024, driven by their ability to remove 99% of contaminants and effectively treat hard water, though they may also reduce essential minerals.

By Application:
Divided into residential and light commercial, the residential segment held the largest share in 2024, supported by high water use in households for cooking, washing, and bathing, along with rising population and demand for clean water.

List of the Key Players in the Water Purifier Market:

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

Competitors Landscape:

The realm of Water Purifier Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Key Industry Developments:

• 
  

  November 2022   – Culligan International merged with Waterlogic Group Holding to form   ‘Culligan’, strengthening its position as a global leader in clean and sustainable drinking water solutions.

• 
  

  August 2022   –   LG Electronics   introduced the   PuriCare Self-Service Tankless Water Purifier   in   Malaysia, featuring user-replaceable filters for greater convenience.

What are the New Additions in Water Purifier 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 Digital Printing Ink 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 Digital Printing Ink 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 Digital Printing Ink 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 digital printing ink market size was valued at USD 3.21 billion in 2022 and is projected to grow from USD 3.43 billion in 2023 to USD 5.54 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period.

Digital Printing Ink Market Segmentation Analysis:

By Type
The market is segmented into solvent-based, water-based, UV-based, and others. Solvent-based inks dominated in 2022 due to their strong adhesion, durability, and compatibility with diverse substrates such as plastics, metals, and textiles. Their demand is rising in packaging, textiles, and advertising. Eco-friendly variants are creating new opportunities, though high costs and strict environmental regulations may hinder growth.

By Application
Based on application, the market includes textile, ceramics, packaging & labels, print media, and others. The print media segment is projected to lead, driven by demand from the publishing industry for high-quality, customizable, and short-run prints. Advancements in digital printing technologies are further supporting growth.

List of the Key Players in the Digital Printing Ink Market:

• Sun Chemical (U.S.)
• Siegwerk Druckfarben AG & Co. KGaA (Germany)
• INX International Ink Co. (U.S.)
• Nazdar (U.S.)
• DuPont (U.S.)
• Marabu GmbH & Co.KG (Germany)
• NUtec Digital Ink (Pty) Ltd. (South Africa)

Competitors Landscape:

The realm of Digital Printing Ink Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Key Industry Developments:

• 
  

  June 2023   – Sun Chemical launched   Xennia Amethyst Evo RC , a reactive ink for digital textile printing, offering improved strength and color efficiency.

• 
  

  March 2022   – Sun Chemical introduced   ElvaJet Topaz SC   sublimation ink, strengthening its digital textile printing ink portfolio.

What are the New Additions in Digital Printing Ink 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 wax market is set to gain impetus from their increasing usage in a wide range of applications, such as plastic & rubber additives, candle manufacturing, cosmetics, adhesives, polishes, and coatings. Wax also provides protection to packaged goods from moisture. This information is given by   Fortune Business Insights™   in a recent report, titled, “ Wax Market Size, Share & Industry Analysis, By Product Type (Petroleum, Synthetic, Mineral and Animal & Plant), By Application (Candles, Packaging, Coating & Polishes, Hot-melt Adhesives, Cosmetic & Toiletries, Plastic & Rubber and Others) and Regional Forecast, 2025-2032 .” The global wax market size was valued at USD 7,288.9 million in 2019 and is projected to grow USD 9,249.2 million in 2027, exhibiting a compound annual growth rate (CAGR) of 3.1% during the forecast period 2020-2027.

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This Report Addresses the Following Factors:

• Regions and segments that are expected to dominate or drive market growth.
• Elaborate information about the major sustainability strategies followed by key companies.
• Market drivers, barriers, and upcoming opportunities that will affect growth.
• In-depth analysis of the competitive landscape.

Drivers & Restraints-

Increasing Demand from Packaging Industry to Propel Growth

The emergence of end use industries, such as rubber, plastic, cosmetics, packaging, and candles is surging in the developing regions, namely, Latin America, Africa, and Asia Pacific. But the growth is low in the developed regions, such as Europe and North America. Hence, the ongoing industrialization is anticipated to create more opportunities for such end use industries in the countries situated in these regions. The demand for paraffin wax is high as it is used the most in corrugated packaging. This type of packaging is specially used to pack furniture, food, and similar other goods. The expansion of packaging sector in the developing regions worldwide would contribute to the wax market growth in the coming years. However, animal and plant-based wax involves high manufacturing cost. It may hamper growth.

Segment-

Petroleum Segment to Grow Considerably Backed by Rising Usage of Paraffin

In terms of product type, the market is segregated into animal & plant, mineral, synthetic, and petroleum. Out of these, the petroleum segment held 63.5% wax market share in 2019 and would grow considerably throughout the forecast period. Petroleum products mainly consist of micro-crystalline type, petrolatum, and paraffin. Paraffin is the most commonly used product worldwide. It is highly versatile and possesses a low reactive nature. Therefore, it is best suited for several industrial applications. In addition to this, it is cost-effective, unlike the other types. The animal & plant segment would grow at a fast pace owing to the rising demand for non- carcinogenic, as well as bio-based non-toxic products.

Regional Analysis-

Asia Pacific to Lead Stoked by Abundant Availability of Raw Materials

Based on geography, the market is divided into Europe, the Middle East and Africa, North America, Asia Pacific, and Latin America. Amongst these, North America generated USD 1,940.0 million revenue in 2019. This growth is attributable to the U.S. as the country is considered to be the largest global importer and consumer of wax. Also, the high demand for premium quality bio-based and petroleum candles would aid growth in this region.

Asia Pacific, on the other hand, is likely to lead the market during the forthcoming years. It is set to occur because of the increasing number of end use industries in various countries, as well as the availability of raw material in abundance. Japan, India, and China are the major markets in this region. India is one of the largest producers of beeswax in the world.

Competitive Landscape-

Key Players Focus on Manufacturing New Products to Intensify Competition

The market consists of a large number of companies that are striving to keep up with the latest trends to cater to the needs of their growing consumer bases. They are doing so by either investing hefty amount of money on expansion projects, or are aiming to broaden portfolio by launching innovative products. Below are two of the key industry developments:

• February 2018 : Sasol, an integrated energy and chemical company based in South Africa, inaugurated the completion of its FT Wax Expansion Project (FTWEP). It would strengthen South Africa’s position in the wax industry. The company will now be able to produce high quality waxes equipped with unique characteristics.
• February 2017 : Kerax Limited, a manufacturer & supplier of waxes headquartered in England, introduced its new soy candle wax. It is named KeraSoy. These pillar candle and container waxes are specially developed by the company to manufacture candles with superb glass adhesion, excellent scent throw, and premium quality finish.

Fortune Business Insights™ presents a list of the organizations operating in the global market. They are as follows:

• Sasol Limited (South Africa)
• Sinopec (China)
• Royal Dutch Shell PLC (Netherlands)
• Exxon Mobil Corporation (USA)
• The International Group Inc. (Canada)
• Petróleo Brasileiro S.A. (Brazil)
• The PJSC Lukoil Oil Company (Russia)
• PDVSA (Petróleos de Venezuela, S.A.) (Venezuela)
• Kerax Limited (UK)
• DEUREX AG (Germany)
• NIPPON SEIRO CO. LTD. (Japan)
• Numaligarh Refinery Limited (India)
• Strahl & Pitsch, Inc. (USA)
• CALWAX (USA)
• Poth Hille & Co Ltd. (UK)
• Cargill, Inc. (USA)
• Samin Chemical (Iran)

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The global solar control glass market size was valued at USD 5.17 billion in 2018 and is projected to reach USD 10.68 billion by 2026, exhibiting a CAGR of 9.5% during the forecast period. The global solar control glass market size is expected to witness significant growth backed by increasing adoption of technology and growing awareness regarding ill-effects of carbon emissions across the globe. Fortune Business Insights, publish this information in its latest report, titled   “Solar Control Glass Market Size, Share & Industry Analysis, By Application (Residential Buildings, Commercial Buildings, and Automotive), and Regional Forecast, 2025-2032.”

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Segmentation Analysis:

• 
  

  Commercial buildings lead the market, driven by rapid industrialization and construction growth in emerging economies like China, India, and South Africa.

• 
  

  Residential buildings are growing due to rising population, repair, and renovation trends in developing countries.

• 
  

  Automotive demand is increasing as manufacturers integrate solar control glass into vehicle designs, boosting adoption.

Drivers and Restraints:

Technological Advancements in the Product to Augur Growth

In May 2020, Ferro, a leading enamel manufacturer, collaborated with Guardian Glass to develop new age solutions for edge-enameling sputter coatings. The new technology creates a uniform and stable ceramic surface that can be beneficial to provide efficient coated glass for several applications such as glass roofs, structural glazing, and louvre windows, among others. Furthermore, increasing adoption of technology such as solar control glazing to minimize temperature in commercial and residential building is expected to contribute to the growth of the market during the forecast period. Moreover, increasing emphasis on reducing carbon emission by introducing solar control glass in automotive will bolster the global solar control glass market.

Regional Analysis:

High Investments for Infrastructure Development in Asia-Pacific to Spur Demand

Among the regions, the market in Asia-pacific was worth USD 626.6 million in 2018 and is expected to hold the highest global solar control glass market revenue during the forecast period. This is ascribable to factors such as large-scale investment in infrastructural development by the governments of countries such as India, South Korea, and China. North America, on the other hand, is likely to witness growth owing to awareness among people for energy-saving technologies along with supportive government policies.

The market in Europe is expected to witness significant growth for the market during the projected horizon. This is ascribable to factors such as increasing adoption of green solutions in development of commercial and residential buildings in the region.

Competitive Landscape:

Product Launches by the Companies to Stoke Demand

The global solar control glass market is highly organized comprising of players keen to maintain stronghold and consolidate their position. They are doing so by adopting strategies such as launching innovative products, expansion of product offerings, collaboration, and merger and acquisition. The fiercely competitive market provides exciting opportunities for the companies to strengthen their place and maintain presence. For instance, in June 2020, LG SIGNATURE, a global premium brand, announced its portfolio expansion strategy over the United States by launching the novel LG SIGNATURE Wine Cellar. According to the company, the new product is capable of controlling humidity levels and temperatures to enable ideal storage option for a variety of wines. Furthermore, it contains a three-layered dark tinted glass door that efficiently blocks light, heat, and UV rays to preserve the quality of the wines.

List of the Companies Operating in the Market:

• Asahi Glass Company
• Saint Gobain
• NSG
• Xinyi Auto
• CSG Architectural
• Corning
• Central Glass
• Schott
• Sisecam
• Asahi India Glass
• Other Players

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The global permanent magnet market size was valued at USD 33.18 billion in 2024. The market is projected to grow from USD 32.07 billion in 2025 to USD 56.22 billion by 2032 at a CAGR of 8.3% during the forecast period of 2025-2032. A permanent magnet is an object that possesses magnetic properties even in the absence of a magnetic field. They have two magnetic ends called the north pole and south pole respectively. They are used in different types of motors such as loudspeakers, various appliances, HVAC, and others.

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

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Regional Segmentation:

Asia Pacific to Continue Dominating Market with Increasing Preference Towards Electric Vehicles

In 2018, Asia Pacific earned a revenue of USD 13.82 Billion and emerged dominant with the increasing demand for permanent magnets for various applications such as energy, consumer electronics, and automotive. China emerges as the leading producer attributed to the availability of abundant rare-earth deposits. This, coupled with the rise in popularity of electric vehicles will help Asia Pacific continue dominating the market in the forthcoming years.

On the other side, the market in North America will gain impetus from the rise in demand for consumer electronics such as personal computers, wearable devices, mobile phones, and medical devices. Additionally, the Europe market will rise steadily on account of the rise in demand for hybrid and electric vehicles.

Market Drivers:

Increasing Popularity of Hybrid Vehicles will Add Impetus to Market

Various factors are responsible for the permanent magnet market growth. These include the increasing demand for various electronic devices such as television, laptops, music systems, and smartphones, coupled with the rise in need for more energy for consumption. This, coupled with the growing demand from the automotive sector will also aid in the expansion of the market in the forecast period. Besides this, the advancement in technology and use of neodymium iron boron (NdFeB) for various applications such as domestic appliances and wind turbines, and other electronic equipment such as speakers are likely to bode well for the market in the coming years.

Competitive Landscape:

Companies Expanding Base in China to Earn High Revenue

A large portion of permanent magnets is produced in China, thus making this region account for more than 70% of the overall production volume. Owing to this factor, a large number of producers in the market are aiming at expanding their territory in this nation for earning better revenues. Besides this, players are investing massively on resources and development of customized permanent magnet products to suffice to the needs of their consumers. Apart from this, manufacturers are adopting various strategies such as collaborations with other companies, joint ventures, agreements, and contracts for increasing their product portfolio, thereby gaining a competitive edge in the market.

List of Permanent Magnet Market Manufacturers include:

• Adams Magnetic Products Co., Inc.
• Arnold Magnetic Technologies Corp.
• TDK Corporation
• Tengam Engineering, Inc.
• Alpha Magnet
• Electron Energy Corporation
• Ningbo Yunsheng Co. Ltd.
• Integrated Magnetics
• Magnequench International, LLC,
• Tridus Magnetics and Assemblies
• Bunting Magnetics Co.
• Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
• Hangzhou Permanent Magnet Group
• Daido Steel Co., Ltd.
• Shin-etsu Chemical Co., Ltd.
• Hitachi Metals, Ltd.
• Other Players

Major Industry Developments of the Market include:

• Oct 2024–   Arnold Magnetic Technologies expanded its facility in Amata City, Thailand, to better serve customers in Asia Pacific, Europe, and the U.S., strengthening its market presence.
• Apr 2023–   The company partnered with Cyclic Materials to launch a rare earth recycling program, advancing a circular supply chain and exploring expansion across North America.

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The global sandwich panel market size was valued at USD 9.91 billion in 2023 and is projected to grow from USD 10.70 billion in 2024 to USD 20.51 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period. Sandwich panels are mainly used in the construction sector as a modern building material to offer structural stability and efficiency. It is used by binding a combination of a wide range of composite materials. The demand for fast construction is growing at a robust pace for various applications, such as cold storage, residential complexes, and commercial buildings. This will positively impact the sandwich panel market growth.

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

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Segmentation:

Polyurethane to Gain Traction for Their Attractive Properties

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

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

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

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

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

List of the Key Players in the Sandwich Panel Market:

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

Report Coverage:

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

Drivers and Restraints:

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

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

Regional Insights:

Asia Pacific Market to Witness Strong Growth with Expanding Building & Construction Industry

Asia Pacific captured a dominant market share in 2022 and is expected to maintain its position during the forecast period as well. One of the major factors contributing to the regional market’s growth is the ever-expanding building & construction sector. This sector needs sandwich panels to create strong public establishments and fulfill the demands of a growing regional population.

North America is also predicted to hold a major share in the global market as end-users across the region are using modular construction materials to develop a lightweight structure.

Competitive Landscape:

Companies to Adopt Strategic Planning to Fortify Market Competition

The market is highly fragmented with the presence of notable companies, such as Rautaruukki Corporation, Kingspan Group, Sintex, Assan Panel A.S., Areco, Tata Steel, ArcelorMittal, DANA Group of Companies, and Building Components Solutions LLC, among others. These companies are adopting various growth strategies, such as partnerships, mergers, and acquisitions to boost competition in the market.

Key Industry Development:

October 2022-  Kingspan Group acquired Invespanel, a producer of mineral wool, XPS, and EPS-core refrigeration panels. The acquisition strengthens Kingspan’s product portfolio and supports the development of new panel solutions.

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