The growing food & beverage industry is driving innovation in new flavors to meet evolving consumer tastes and preferences, especially with the rising demand for ready-to-eat products. For example, Ben & Jerry’s recently introduced “Netflix & Chill’d,” a vegan peanut butter ice cream. Asia Pacific is emerging as the fastest-growing region for consumer spending on dining out, supported by factors such as the rise of food outlets in malls and the growth of online food delivery platforms. Additionally, companies are increasingly focusing on developing new flavors inspired by traditional cuisines.
Category: Chemical and Materials
The global water purifier market is witnessing significant growth, driven by rising awareness of waterborne diseases, increasing demand for clean drinking water, and advancements in purification technologies. According to Fortune Business Insights in 2024, the global water purifier market was valued at USD 35.01 billion. It is expected to expand from USD 37.67 billion in 2025 to reach USD 62.88 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.6% over the forecast period.
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.
Fortune Business Insights™ displays this information in a report titled, "Water Purifier Market, 2025-2032."
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Segmentations Analysis:
In terms of product type, the market is segmented into point-of-entry filters and point-of-use filters. The point-of-use filters are sub-segmented into counter top filters, under the counter filters, faucet-mounted filters, pitcher filters, and others.
Based on category, the market is segregated into gravity filters, UV filters, RO filters, and others.
On the basis of application, the market is segmented into light commercial and residential.
On the geographical front, the market covers Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America.
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.)
Report Coverage
The report offers a holistic view of the market size, share, volume, and revenue. It has also delved into Porters’ Five Force Analysis and SWOT analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. Primary interviews have been used to validate assumptions, findings, and the prevailing business scenarios. The report has also been prepared through secondary resources, such as annual reports, press releases, white papers and journals.
Drivers and Restraints
Smart Purification Trend to Propel Industry Growth
Well-established players are well poised to invest in smart purifiers through the integration of advanced technologies. Water purifier market share will gain traction from the demand for purifiers that can monitor usage and send alerts or notifications at the end of their maintenance cycle. The strong demand from emerging economies will encourage water purifier suppliers to invest in Asia Pacific and Latin America. With the demand to reduce weight and boost the immune system soaring, industry players will continue to invest in technological advancements.
Regional Insights
Heightened Awareness about Waterborne Diseases to Encourage Investment in Asia Pacific
With emerging economies witnessing a surge in waterborne disease, Asia Pacific is likely to provide lucrative growth opportunities. Stakeholders anticipate India and China to witness investments galore in water purification technology. The Asia Pacific market size stood at USD 10.88 billion in 2021 and will witness an upward trajectory with the growing penetration of residential and light commercial applications.
The Europe water purifier market growth will gain traction during the forecast period due to the presence of leading companies across Germany, the U.K., Italy, and France. An uptick in the use of tap water will further expedite the need for water purification systems.
Key Industry Developments:
- November 2022: Culligan International merged with Waterlogic Group Holding to form "Culligan," establishing a leading entity 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 enhanced convenience and maintenance.
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According to Fortune Business Insights the global automotive tinting film market was valued at USD 1,450.1 million in 2019 and is expected to grow to USD 1,679.2 million by 2027, registering a CAGR of 3.8% during the forecast period. The growing inclination towards factory tint to enrich vehicle’s style and features can be a vital factor enabling the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “ Automotive Tinting Films Market Size, Share & Industry Analysis, By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Windshield, and Windows), and Regional Forecast, 2025-2032”
The whole world is battling with the newly discovered coronavirus. The government authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused instabilities in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
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Automotive Tinting Film Market Segmentation Analysis:
By Vehicle Type:
Passenger vehicles hold the largest market share due to their high global fleet size and consumer preference for styling. However, in regions like North America, light commercial vehicles (LCVs) see more tinting usage due to higher ownership. The growing trend of customizing luxury vehicles is also driving demand for tinting films.
By Application:
Rear windows and windshields are the primary areas for tint film application, driven by the need for sun protection and privacy. Rising global temperatures and increasing youth interest in aesthetic customization are fueling growth. However, restrictions on windshield tinting in certain countries may limit adoption.
List of the Key Players in the Automotive Tinting Film Market:
- The 3M Company (US)
- Eastman Performance Films, LLC {LLUMAR} (US)
- Johnson Automotive Tinting Film, Inc. (US)
- Toray Plastics (America), Inc. (US)
- Solar Gard (Saint-Gobain Performance Plastics Corporation) (US)
- Madico Inc. (US)
- Avery Dennison Corporation (US)
- Garware Suncontrol (India)
- ZEOfilms (China)
- American Standard Automotive Tinting Film (US)
- Other Players
Market Driver:
Rising carbon emissions and global temperatures are boosting demand for automotive tinting films. Government regulations on emissions and film visibility, such as bans on dark tints in India and restrictions in New Jersey, are shaping market dynamics. Additionally, growing consumer preference for tint films to reduce vehicle heat is expected to drive market growth.
Market Restraint:
The COVID-19 pandemic led to a sharp decline in car sales and production, disrupting the automotive tinting film market. For example, UK car sales dropped by 89% in May 2020. The global market is estimated to have contracted by 15–20% in 2020, with recovery expected from mid-2021.
Regional Analysis :
The market in Asia Pacific generated a revenue of USD 636.2 million in 2019 and is expected to rise tremendously during the forecast period. The growth in the region is attributed to the developing on-road vehicle fleets in countries in China, India, and Thailand. The market in North America is expected to witness a high growth rate during the forecast period. Europe is expected to experience a healthy CAGR owing to the rising demand from countries such as Germany, Italy, France, UK, and Spain. Brazil & Mexico is predicted to observe a low growth rate owing to the political and economic instability in countries such as developing countries of the region such as Argentina, Chile, Venezuela, Colombia, and others.
Key Industry Developments:
- August 2019 – Madico Inc., a US-based manufacturer of window tinting film, successfully acquired two Canadian distributors of window films to create a new entity Madico Canada. The company is set to operate both the distribution sites of Oakville, Ontario, and British Columbia to serve the local markets. This has strengthened the company’s position in North America.
- January 2020 – SolarGard, one of the key players in automotive tinting film headquartered in the US, announced an Asian automotive distribution partnership under the brand name of ShengJia. The partnership is set to strengthen the company’s hold over the Asian Automotive Industry.
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The Global Coated Fabric 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 Coated Fabric 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 Coated Fabric 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:
According to Fortune Business Insights the global coated fabric market was valued at USD 34.89 billion in 2018 and is expected to grow to USD 49.41 billion by 2026, registering a CAGR of 4.5% during the forecast period. Growth in automotive, industrial, and protective clothing applications is expected to drive market demand, along with advances in material technologies and stricter safety regulations across industries.
Coated Fabric Market Segmentation Analysis:
By Product:
The market is divided into polymer coated fabric, rubber coated fabric, and fabric-backed wall coverings. In 2018, polymer coated fabric held the largest share due to its high demand in automotive protective clothing. These fabrics are coated with polymers like PVC, PU, and polyethylene. PU-coated fabrics are popular for items such as rainwear, gloves, footwear, airbags, and mattress covers due to their durability, flexibility, and resistance to oil and abrasion.
By Application:
The transportation segment held the largest market share and is expected to maintain its lead. Coated fabrics are widely used in vehicles for seats, seat belts, airbags, and interiors. Growing vehicle sales and strict safety regulations are driving demand, especially in commercial and passenger vehicles.
List of the Key Players in the Coated Fabric Market:
- SRF Limited
- J K Texbond Pvt. Ltd.
- Ajy Tech India Pvt. Ltd
- B&V Membrane
- Fothergill Group
- Saint-Gobain Performance Plastics
- Low & Bonar
- Sioen Industries NV
- MarvelVinyls
- Trelleborg
- Bobet Group
- CANADIAN GENERAL TOWER
- Other Key Players
Competitors Landscape:
The realm of Coated Fabric 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.
Market Drivers and Restraints:
Rising demand from the automotive sector for durable and high-performance materials.
Growing need for protective clothing in industrial and healthcare sectors.
Technological advancements in digital printing and coating techniques.
Fluctuating raw material prices (e.g., PVC, PU, rubber).
Environmental concerns over synthetic polymer usage.
Limited biodegradability and recycling challenges.
Key Industry Developments:
- April 2021 – TechStyles, a division of the South Carolina-based AFF Group, launched a new range of products aimed at addressing key industry challenges such as extended lead times, rising costs, limited product availability, inconsistent quality, and high minimum order requirements. The company aims to bring innovation and transformation to the coated fabrics industry.
- March 2021 – AFF TechStyles, based in Spartanburg, introduced TechArt , a digitally printed coated fabric. This product expands the TechStyles portfolio, offering textiles with both pre-designed patterns and customizable image options.
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The global masterbatch market was valued at USD 10.99 billion in 2018 and is expected to grow to USD 16.35 billion by 2026, registering a CAGR of 5.3% during the forecast period. Masterbatches are a liquid or solid additive used for painting or for imparting various properties to the plastics. Coloring masterbatches are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories. As per the report titled, “Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2025-2031."
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Market Drivers and Restraints:
The rapid growth of the plastic packaging industry, driven by rising demand in retail, especially food & beverages and pharmaceuticals, is boosting market expansion. Plastic packaging enhances food quality, extends shelf life, and is essential in drug delivery systems. Its properties moisture resistance, clarity, strength, and durability make it ideal for sectors like personal care, pharma, and industrial goods, fueling demand for masterbatch solutions.
Environmental concerns and growing regulations on plastic use may affect growth. Volatility in raw material prices, particularly petrochemical-based polymers, could impact production costs.
Masterbatch Market Segmentation Analysis:
By Type:
The white segment held the largest share, driven by its high titanium dioxide content for opacity and brightness. Black masterbatch is widely used for its UV protection, jetness, and conductivity.
By Polymer:
Polyethylene dominated the market due to the broad use of HDPE, LDPE, and LLDPE in packaging, construction, and automotive sectors.
By End-Use:
Packaging was the leading end-use segment, supported by growing demand for high-performance plastic packaging solutions.
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.
Regional Insights:
Asia Pacific dominates the global market, led by high plastic production and consumption. North America shows steady growth with increased adoption in healthcare and automotive. Europe focuses on innovative and sustainable masterbatch technologies.
List of Masterbatches Market Manufacturers include:
- Clariant
- Ampacet Corporation
- A. Schulman, Inc.
- PolyOne
- Cabot Corporation
- PLASTIKA KRITIS S.A.
- Plastiblends
- Hubron International
- Tosaf
- Penn Color Inc.
- Other Key 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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According to Fortune Business Insights the global wood veneers market size was valued at USD 15.98 billion in 2023. The market is projected to grow from USD 16.36 billion in 2024 to USD 20.31 billion by 2032 at a CAGR of 2.7% during the forecast period. The global wood veneers market is witnessing steady growth, driven by increasing demand in furniture, interior decoration, and construction industries. Wood veneers—thin slices of natural wood—offer aesthetic appeal and sustainability, making them a popular choice over solid wood.
Wood veneers are thin slices of wood (under 1/8 inch) bonded to substrates like plywood or fiberboard to create finished panels for furniture, doors, flooring, and interiors. Made from various wood types such as oak, walnut, maple, and cherry, their demand is rising due to growing use in furniture and interior design.
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Segmentation Analysis:
- By Type: Raw veneer held the largest share in 2023 due to its natural look and rising demand for sustainable, high-end furniture and décor.
- By End-Use: The residential segment dominates as homeowners prefer eco-friendly, customizable wood veneers for furniture, flooring, and interiors.
- By Application: Interior design leads the market, driven by demand for natural aesthetics, flexibility in design, and modern sustainable trends.
List of Key Players Profiled in the Wood Veneers Market Report :
- Timber Products Company (U.S.)
- Flexible Materials (U.S.)
- Precision Veneer Products Ltd. (Canada)
- Columbia Forest Products (U.S.)
- BC Veneer Products Ltd. (Canada)
- Oakwood Veneer (Japan)
- Wausau Coated Products, Inc (U.S.)
- Herman Miller, Inc. (U.S)
- Cummings Veneer Products, Inc. (U.S.)
- Tesha group (Singapore)
Market Trends:
- Sustainable Materials : Increased focus on eco-friendly, certified wood veneers to reduce deforestation and environmental impact.
- Digital Printing and Surface Design Innovations : Introduction of printed veneers that mimic exotic species and textures at lower costs.
- Rising Demand for Modular Furniture : A surge in urban housing and compact living spaces has driven modular furniture demand, boosting veneer usage.
- Hybrid and Composite Designs : Engineered wood veneers gaining traction for providing uniformity and lower cost with aesthetic appeal.
- Premiumization : Growing consumer preference for luxurious, custom-designed interiors, particularly in high-end residential and hospitality sectors.
Drivers & Restraints:
- Growing Construction and Real Estate Industry : Especially in developing nations like India and China, urbanization is driving demand for decorative building materials.
- Increased Demand for Aesthetic Appeal in Interiors : Consumers are prioritizing interior design and aesthetic quality, fueling veneer applications in residential and commercial buildings.
- Rise in Disposable Income and Living Standards : Especially in emerging economies, this is boosting spending on premium furniture and interiors.
- Fluctuations in Raw Material Availability : Limited availability of quality timber and regional regulatory restrictions on logging impact production.
- Competition from Alternatives : Laminates, vinyl wraps, and PVC-based surfaces offer similar looks at lower costs.
Competitive Landscape:
Major players like Oakwood Veneer, Herman Miller, Tesha Group, Timber Products, and BC Veneer focus on sustainable sourcing and designer collaborations. They offer multifunctional products like phenolic- and paper-backed veneers. Oakwood Veneer also manufactures flexible veneers in-house, ensuring quick delivery across a wide product range.
Key Industry Development:
- July 2021 : Herman Miller completed its acquisition of Knoll in a significant USD 1.8 billion deal, which was finalized on July 19, 2021. This merger was designed to create a leading entity in modern design, combining the strengths of both companies and expanding their portfolio of brands.
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According to Fortune Business Insights 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" .
Flavors and fragrances are made from compounds like esters, ketones, and aldehydes to enhance a product’s scent or taste. They are derived from natural or synthetic sources, including essential oils and plant- or animal-based materials, through a detailed preparation process.
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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)
Market Trends:
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.
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 Fortune Business Insights the global plastics market size was valued at USD 524.48 billion in 2024. The market is projected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. Engineering plastics offer superior strength, thermal stability, and cost-efficiency, driving demand across industries like automotive, machinery, and construction.
Plastics are polymers that are versatile, easy to produce, moldable, waterproof in nature, low cost, and lightweight, used to produce different products such as spacecraft and others. The plastics produced using renewable biomass sources, including vegetable oil, sawdust, food waste, and corn starch, are known as bioplastics. The increasing demand for high-performance plastic packaging solutions integrated with growing technological advancement to protect products is boosting the plastics market growth.
Fortune Business Insights™ mentioned this in a report titled " Plastics Market, 2025-2032 .".
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Segments:
Rising Adoption of Packaging Products to Boost Segment's Growth
By type, the market is segmented into polyethylene, polyethylene terephthalate, polyvinyl chloride, polypropylene, polyamide, acrylonitrile butadiene styrene, polycarbonate, polyurethane, polystyrene, and others. Polyethylene and polypropylene are estimated to dominate the market during the forecast period attributed to their rising demand from packaging and automotive.
Increasing Food and Beverage Industry to Propel Segment's Growth
Based on end-use industry, the market is classified into automotive & transportation, packaging, consumer goods/lifestyle, infrastructure & construction, healthcare & pharmaceutical, electrical & electronics, textile, and others. The packaging segment is estimated to hold the largest market share during the forecast period due to the increasing use in producing construction products including floor covering, windows, fittings, and pipes.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and 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.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Increasing Packaging Industry Demand for Plastics to Drive Market Growth
The demand for plastics is rising across various industries, including food & beverage, automotive, consumer goods, and electrical and electronics. The rising need for packaging from the food & beverage industry is boosting the market growth during the forecast period. The demand for plastics is increasing due to their ability to act as a barrier between the external environment and food products.
Regional Insights:
High Availability of Raw Materials to Propel Market in Asia Pacific
Asia Pacific will hold the largest plastics market share during the forecast period, accounting for USD 316.10 billion in 2022. China will lead the region due to high availability of raw materials at low rates. Strong construction and packaging industry growth will propel market growth in Asia Pacific.
North America is estimated to have substantial growth in the market due to increasing demand from the automobile industry in the region during the forecast period.
Competitive Landscape:
Key Players Focus on Partnership to Aid Market Growth
Most of the major key players in the market have worldwide presence. The key players are adopting collaborative strategies to maintain their position in the market during the forecast period. For instance, ExxonMobil is adopting joint ventures and new product development strategies to expand its business worldwide.
Key Industry Development:
January 2022 – The Reclay Group, a world leader in environmental and material recovery management, and Borealis, a leading advanced and circular polyolefin solutions producer, partnered to meet the rising demand for recyclate material for high-end plastic applications. The partnership is estimated to help consumers accomplish their sustainability goals.
List of Key Players Present in the Report :
- LyondellBasell Industries N.V. (Netherlands)
- ExxonMobil Chemical (U.S.)
- China National Petroleum Corporation (China)
- INEOS (U.K.)
- China Petroleum & Chemical Corporation (China)
- SABIC (Saudi Arabia)
- Ducor Petrochemicals (Netherlands)
- Reliance Industries Limited (India)
- Formosa Plastic Group (Taiwan)
- Total S.A. (France)
- Braskem (Brazil)
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According to Fortune Business Insights the global activated carbon market size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2025-2032."
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Segmentation:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market’s drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
Regional Insights:
Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries
Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries – India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.
North America has also showcased major growth as this product is being widely used in air and water purification applications.
Competitive Landscape:
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence
Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.
Notable Industry Development:
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May 2024 – Kuraray Co., Ltd., in collaboration with its U.S. subsidiary Calgon Carbon Corporation, announced plans to acquire the industrial reactivated carbon business of Sprint Environmental Services, LLC.
March 2023 – Cabot Corporation introduced the EVOLVE technology program, aimed at promoting sustainable reinforcing carbons. This initiative focuses on recovering carbon materials from end-of-life tires, helping to reduce waste and lower overall carbon emissions.
List of Key Companies Profiled In the Report:
- Osaka Gas Chemicals Co., Ltd. (Japan)
- Donau Carbon GmbH (Germany)
- Cabot Corporation (U.S.)
- PURAGEN ACTIVATED CARBONS (U.S.)
- CARBOTECH AC GMBH (Germany)
- Kuraray Co., Ltd. (Japan)
- KUREHA CORPORATION (Japan)
- Activated Carbon Technologies (Australia)
- Silcarbon Aktivkohle GmbH (Germany)
- Ingevity (U.S.)
- Iluka Resources (Australia)
- James Cumming & Sons (Australia)
- Universal Carbons (India)
- Carbon Activated Corporation (U.S.)
- Tronox (U.S.)
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According to Fortune Business Insights the global membranes market size was valued at USD 8.27 billion in 2024. The market is projected to grow from USD 8.79 billion in 2025 to USD 14.21 billion by 2032, exhibiting a CAGR of 7.0% during the forecast period. Membranes refers to barrier films that enable passing of selected particles and molecules depending on their size. The substantial investment by key players in the regional market to maintain competitive edge, further driving the market growth.
The COVID-19 pandemic had a negative impact on the market growth owing to the disruptions in production activities that substantially impacted the economies globally resulting in the economic slowdown.
Fortune Business Insights™ mentions this in a report titled, “ Membranes Market, 2025-2032 .”.
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Segmentations:
Polymeric Segment Dominates the Market Owing to Large Use of Polymeric Materials
By materials, the market is classified into polymeric, ceramic, and others. The polymeric segment accounted for the largest membranes market share in 2023 due to the large use of polymeric materials in membranes production, such as cellulose acetate, polyacrylonitrile, high-density polyethylene, polysulphone, polyethylsulphone, polytetrafluroethylene, polystyrene, polyamide, and polyvinylidene difluoride.
RO/FO Segment Leads the Market Due to its Wide Adoption of Cost-effective Technology
Based on technology, the market is classified Ro/FO, UF, NF, MF, and others. The RO/FO technology is dominating the market and is anticipated to grow during the forecast period with large adoption of the RO/FO technology in the wastewater and water treatment.
Water & Wastewater Treatment Segment Dominated Due to Increasing Water Pollution
On the basis of application, the market is segmented into water & wastewater treatment, food & beverage, gas separation, and others. In 2023, the water & wastewater treatment segment led the market and is expected to maintain its dominance during the projected period owing to the increasing water pollution due to rapid urbanization and industrialization.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints:
Increasing Water Pollution to Propel Market Growth
The increasing water pollution due to the rapid industrialization and urbanization in the developing nations and increasing pressure on the water resources to boost membranes market growth. The strict regulations for industry discharge to stop water pollution by lawmakers owing to the surging environmental concerns boost the adoption of membranes.
However, the surge in energy consumption and spoiling stream and water quality due to fouling hinder market growth.
Regional Insights:
Presence of Emerging Economies Drive Asia Pacific Market Expansion
In 2023, Asia Pacific dominated the market. The growth of the region is attributed to the presence of the emerging countries, including India and China, in terms of growth. China held the largest market share in the region in 2023 due to the surging number of regulations to protect natural water bodies.
Europe is the second dominating region in the market owing to the surging awareness related to the water scarcity problems and government initiatives to protect freshwater sources.
Competitive Landscape:
Growing Investments by Major Players on Research and Development Activities to Drive Market Growth
The major players in the membranes market are DuPont, KOCH, GE, and others. These key players are focusing on investment in research and development activities to maintain competitive edge, further propelling market growth.
Key Industry Development:
April 2023 – Dupont announced the acquisition of Desalitech, OxyMem Limited, Memcor, and inge GmbH. The acquisition of these four companies will substantially improve its water purification and separation technologies business by adding ultrafiltration, reverse osmosis, and ion exchange driving its product portfolio.
List of Key Players Present in the Report :
- TORAY INDUSTRIES, INC. (Japan)
- DuPont (U.S.)
- SUEZ (France)
- KOCH (U.S.)
- Pentair plc (U.S.)
- TOYOBA (Japan)
- Hydranautics – A Nitto Group Company (U.S.)
- Pall Corporation (U.S.)
- Seccua GmbH (Germany)
- Synder Filtration (U.S.)
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According to Fortune Business Insights the global paints and coatings market size was valued at USD 206.56 billion in 2023 and is projected to grow from USD 217.36 billion in 2024 to USD 303.97 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. The automobile, construction, timber, and transportation industries all frequently utilize paints and coatings. They are extensively utilized in the construction industry to shield buildings from damage from the outside. Also, the product has a wide range of uses in the decoration of commercial and residential structures and infrastructure, as well as in the automobile, maritime, industrial wood, and other industries.
Fortune Business Insights presents this information in their report titled "Paints and Coatings Market, 2025–2032."
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Segmentations:
Due to its Abrasion Resistance and Corrosion Resistance, Polyurethane Resin is Anticipated to Generate the Highest Revenue
By resin, the market is segmented into acrylic, alkyd, epoxy, polyurethane (PU), polyester, and others. Due to its adhesion, drying speed, relative resistance, and flexibility qualities, acrylic resin stands out among the competition and commands a substantial market share. This makes it ideal for use in paints and coatings.
Due to their Environmentally Friendly and VOC-Free Qualities, Water-Born Coatings to Hold Dominant Market Share
By product type, the market is classified into solvent borne, waterborne, powder coatings, UV coatings and others. Due to their expanding use in the wood, plastic, furniture, printing inks, and vehicle industries, waterborne coatings currently hold the biggest market share. The advantages of waterborne coatings, which include low VOC emissions, quick drying, and simpler application, are what is causing this market to flourish.
Growing Demand from the Building and Automotive Industries Will Cause the Architecture Sector to Show a Substantial CAGR
By application, the market is divided into architectural, industrial wood, marine, automotive OEM, automotive refinish, general industries, coil, protective coatings, packaging and others. Throughout the projected period, it is expected that the architectural segment will dominate in terms of revenue and volume. Paints and coatings are mostly used for ornamental purposes in architectural applications to protect non-residential and residential structures and buildings from UV radiation, environmental damage, and other factors.
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
However, producing thin coatings is challenging. The velocity and volume of powder applied to the substrate are challenging to regulate, which may hamper the paints and coatings market growth.
Regional Insights:
Asia Pacific Dominates the Market due to Growing Construction Activities
In terms of volume and revenue, Asia Pacific held the largest paints and coatings market share for 2022 and is likely to keep that position during the anticipated period. This is a result of expanding building and construction activity as well as the automotive industry in China, India, and Japan. Due to their use in covering both non-residential and residential infrastructures, paints & coatings are in higher demand.
Europe has a prominent position mainly due to growing demand from the automotive sector.
Competitive Landscape:
Major Industry Focus on Construction and Automotive to Strengthen Market Position for Key Players
The market for paints and coatings is cut-throat and fragmented, with major players like PPG Industries, Inc., Axalta Coating Systems, Nippon, Kansai (Kansai Paint Co., Ltd.), Jotun, the Sherwin-Williams Company, and AkzoNobel active in the sector. To preserve product quality and increase their regional presence, the majority of multinational firms have integrated their raw material production and sales activities. As a result, firms gain a cost advantage that boosts profit margins and offers them a competitive edge. Corporations are also placing a greater emphasis on their R&D activities to stay competitive and meet the evolving demands of end users.
Key Industry Development:
February 2023 – AkzoNobel Powder Coatings launched the Interpon Futura Collection, featuring three contemporary color palettes: Merging World, Healing Nature, and Soft Abstraction. Designed with sustainability in mind, the collection is free from solvents and volatile organic compounds (VOCs), aligning with AkzoNobel’s broader environmental goals.
February 2023 – PPG announced its agreement to acquire the powder coatings division of Arsonsisi, a leading industrial coatings manufacturer based in Milan, Italy. Arsonsisi is well known for its architectural and industrial specialty powder coatings.
List of Key Players Profiled in the Market Report:
- AkzoNobel (Netherlands)
- Kansai Nerolac Paints Limited (India)
- Kwality Paints and Coatings Pvt. Ltd. (KPCPL) (India)
- Nippon and Kansai (Kansai Paint Co., Ltd.) (Japan)
- The Sherwin-Williams Company (S.)
- NIPSEA GROUP (Singapore)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Jotun (Norway)
- Axalta Coating Systems (U.S.)
- TIKKURILA OYJ (Finland)
- Dunn-Edwards Corporation (U.S.)
- Asian Paints (India)
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