Category: Chemical and Materials
According to Fortune Business Insights the global geofoam market size was valued at USD 1.09 billion in 2023. The market is projected to grow from USD 1.14 billion in 2024 to USD 1.73 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period. Geofoam has ultra-low density and is lighter in weight compared to traditional fill materials such as gravel and soil. The product is extensively used for enhancing embankment stability and preventing soil settlement in road construction projects, which is set to favor market expansion over the ensuing years.
Fortune Business Insights™ provides this information in its research report, titled “Geofoam Market, 2025-2032”.
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Segmentation:
EPS Geofoam Segment Recorded Key Share Owing to High Product Adoption for Soft Soil Conditions
By product, the market is bifurcated into XPS geofoam and EPS geofoam. The EPS geofoam segment registered a leading share in the market in 2023. The product is considered ideal for soft soil conditions owing to the possibility of excessive settlement associated with traditional fill materials.
Road & Highway Construction Segment Held Dominant Share Driven by Infrastructure Development
On the basis of application, the market is subdivided into building & infrastructure, airport runways & taxiways, road & highway construction, and others. In 2023, the road & highway construction segment captured a major market share due to growing investments in infrastructure development.
In terms of geography, the market has been studied across Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
Report Coverage:
The report enlists the key driving factors and the latest trends in the market. It further provides a comprehensive analysis of the global business scenario based on various segments: application, product, and geography. The competitive landscape of the market has also been provided in the report.
Drivers and Restraints:
Mounting Demand for Sustainable and Lightweight Materials to Propel Industry Growth
There has been a greater emphasis on the use of sustainable and lightweight materials across the civil engineering and construction industries. Geofoam is a sustainable option as it has a long lifespan and exhibits durability and recyclability. Besides, it is lighter compared to traditional fill materials and helps reduce the load on substructures. These factors are poised to drive industry expansion.
Nonetheless, the high initial cost of the product may restrain geofoam market growth.
Regional Insights:
North America Recorded Major Share Due to Presence of Advanced Construction Sector
The North America market accounted for a leading position in the global market in 2023 and is set to hold the largest share over the projection period. The presence of strict environmental regulations and the presence of an advanced construction sector are key factors impelling the dominance of the region.
The growing need for modern infrastructure and rapid urbanization are driving product demand in Europe. The product finds application in several areas such as foundation insulation, embankments, and road construction.
Competitive Landscape:
Leading Players Introduce New Products to Outpace their Competitors
Pivotal players are developing new products to secure an edge over their competitor companies. They are also implementing other strategies to augment their geofoam market share. A few of these steps comprise plant expansions and strategic mergers.
Key Industry Development:
August 2020 – Amvic Building System introduced Envirostap, a rigid foam insulation product with integrated strapping. The product can be used for frost walls, exterior foundation walls, and other applications.
List of Key Players Mentioned in the Report:
- Geofoam International LLC (U.S.)
- Insulfoam (U.S.)
- Expol Ltd (New Zealand)
- Benchmark Foam, Inc. (U.S.)
- Foamex (Australia)
- Atlas Molded Products (U.S.)
- Poly Molding (U.S.)
- Insulation Company of America, LLC (U.S.)
- Legerlite (Canada)
- GALAXY POLYSTYRENE LLC (UAE)
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According to Fortune Business Insights the global permanent magnet market size was valued at $17.85 billion in 2018 and is projected to grow $34.70 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 8.7% during the 2019-2026 forecast period. 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.
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Permanent Magnet Market Segmentation Analysis:
By Type:
The market is segmented into neodymium iron boron (NdFeB), ferrite, samarium cobalt (SmCo), aluminum nickel cobalt (Alnico), and others. NdFeB magnets hold the largest share due to their high performance, compact size, and cost efficiency. They are widely used in electric motors and power tools, with growing demand driven by green technology initiatives and limited substitutes.
By Application:
The market is categorized into consumer electronics, automotive, general industrial, medical devices, energy, and others. Consumer electronics lead the segment, fueled by rising disposable incomes, tech advancements, and increasing demand for devices like mobile phones, air conditioners, and loudspeakers.
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 Notable Market Manufacturers are:
- Hangzhou Permanent Magnet Group
- Electron Energy Corporation
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
- TDK Corporation
- Tengam Engineering, Inc.
- Daido Steel Co., Ltd.
- Bunting Magnetics Co.
- Arnold Magnetic Technologies Corp.
- Alpha Magnet
- Shin-etsu Chemical Co., Ltd.
- Tridus Magnetics and Assemblies
- Adams Magnetic Products Co., Inc.
- Ningbo Yunsheng Co. Ltd.
- Hitachi Metals, Ltd.
- Integrated Magnetics
Key Industry Developments:
April 2019 – Bunting Magnetics launched the ElectroMax Overband Magnet at Bauma. This new product is designed to meet customer demand for lighter, more compact electro overband magnets.
February 2019 – Arnold Magnetic Technologies opened a new R&D facility at its MGE Innovation Center in Wisconsin, U.S. The advanced center enables rapid prototyping of permanent magnets, thin metals, electromagnetics, and engineered assemblies.
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According to Fortune Business Insights the global cathode materials market size was valued at USD 38.47 billion in 2024. The market is projected to grow from USD 44.78 billion in 2025 to USD 135.73 billion by 2032 at a CAGR of 17.2% during the forecast period. The cathode in a battery is composed of cathode materials that function as efficient oxidizing agents. Common materials used in cathodes include metallic oxides such as copper oxide, lithium oxide, graphite oxide, and lithium manganese oxide (LMO). These materials belong to a broader class of electrode materials used in lithium-ion batteries. Additionally, polyanionic compounds are employed as cathode materials in sodium-ion batteries due to their excellent stability, safety, and suitable operating voltages.
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Cathode Materials Market Segmentation Analysis:
By Battery Type
The market is segmented into lithium-ion batteries (including LFP, NMC, NCA, and others), lead-acid batteries, and others. Lithium-ion batteries dominated the global cathode materials market in 2024 due to their high energy density and efficiency. These rechargeable batteries, commonly used in EVs, rely heavily on cathode materials to determine performance. The rising demand for electric vehicles is expected to drive further growth in this segment.
By End Use
Based on end use, the market includes automotive, consumer electronics, energy storage systems, power tools, and others. The automotive sector led the market in 2024, supported by the growing shift from fossil fuels to electric mobility. Increasing EV adoption and supportive government initiatives, such as India’s FAME II scheme with a USD 1,200 million budget, are expected to boost demand in this segment during the forecast period.
Drivers and Restraints:
The electric vehicle (EV) market is rapidly growing in China, Europe, and the U.S., driven by rising demand, government subsidies, and zero-emission policies. Leading automakers like Tesla, BYD, and Volkswagen are increasing battery procurement. At the same time, advancements in lithium-ion and solid-state battery technologies are enhancing performance and charging speed. The rise of renewable energy sources like solar and wind is fueling demand for utility-scale energy storage systems.
The battery market faces key restraints, including volatile prices of raw materials like lithium, cobalt, and nickel, which raise production costs. Supply chain disruptions caused by geopolitical tensions and mining restrictions further impact material availability. Additionally, environmental and ethical concerns surrounding mining practices, especially in cobalt and lithium extraction, are drawing increased scrutiny.
Competitive Landscape:
Key players in the global cathode materials market include LG Chem, NEI Corporation, POSCO, Shanshan Co., Sumitomo Metal Mining, and Umicore. These companies focus on product innovation and both organic and inorganic growth strategies to expand their market share. The market is moderately consolidated, with leading players maintaining dominance due to advanced technologies and large production capacities. While governments are supporting local manufacturers, established players are expected to retain their lead due to economies of scale and strong domestic presence.
List of Key Players Mentioned in the Report:
- LG Chem (South Korea)
- NEI Corporation (U.S.)
- Nippon Denko Co., Ltd. (Japan)
- POSCO (South Korea)
- Shanshan Co (China)
- Shenzhen Dynanonic Co., Ltd. (China)
- Sumitomo Metal Mining Co., Ltd. (Japan)
- Targray (Canada)
- Umicore (Belgium)
- Zhejiang Huayou Cobalt (China)
Key Industry Developments:
July 2024: LOHUM, India's sole producer of Nickel Manganese Cobalt (NMC)-based cathode active materials, announced plans to expand its recycling capacity from 5 GWh to 30 GWh over the next three years.
December 2023: Himadri Specialty Chemical unveiled plans to develop a lithium iron phosphate (LFP) production facility in India in multiple phases over 5–6 years. The project, with an estimated investment of USD 130.4 million, will begin with Phase 1, targeting an initial production capacity of 40 kilotons.
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According of Fortune Business Insights the global architectural window films market size was valued at USD 3.22 billion in 2021. The market is projected to grow from USD 3.34 billion in 2022 to USD 4.59 billion in 2029, exhibiting a CAGR of 4.6% during the forecast period. Architectural window films are thin laminate layers made from materials like polyester, vinyl, ceramics, and plastic, applied to windows in homes, offices, vehicles, and more. They allow natural light while blocking harmful UV rays. Driven by rising demand for energy-efficient buildings, these films reduce energy use, cut maintenance costs, and support green building goals, boosting their adoption in both residential and commercial spaces.
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Segmentations:
Sun Control Film Segment Leads the Market Due to Increased Preference from Residential Buildings
By product type, the market is categorized into sun control film, decorative film, safety & security film, privacy film, and others. The sun control film segment is expected to lead the market during the forecast period due to these films' various properties and abilities.
Residential Segment to Lead Global Market Due to Rapid Urbanization
Based on application, the market is bifurcated into residential and commercial. The residential segment is expected to dominate the global market due to the increasing demand for sun control and decorative films.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints:
High Demand for Energy Efficient Housing Systems to Propel Growth
The demand for architectural window films is expected to surge during the projected period due to the increasing need for these films from the residential sector. Also, the rising adoption of switchable smart films is anticipated to drive the market in the coming years. Furthermore, the rising adoption of energy-efficient housing systems is anticipated to fuel the market growth by supporting the green building initiative introduced by governments.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapidly Developing Construction Sector
Asia Pacific holds the dominant global architectural window films market share due to the rapidly growing construction industry. The regional market share was valued at USD 1.47 billion in 2021. Increasing population and rapid urbanization in developing countries are expected to bolster the regional market growth.
Europe stands at the second-highest global market position due to the rising expansion of small-scale businesses. Also, rising infrastructure development and renovation of government offices are anticipated to drive the market.
Competitive Landscape:
New Product Launch Allow Companies to Improve their Business Performance
The leading market players focus on forming strategic alliances to introduce new products and expand their production lines globally. The key players adopt latest technologies to launch new products according to consumer demands and requirements from end-use industries.
Key Industry Development:
- April 2022: Avery Dennison launched all-new Dusted Crystal decorative architectural window films. The film has a unique, first-to-market wet-apply quick-release adhesive that allows it to be adjusted during installation and readily removed after drying, leaving almost little trace on the glass. This launch will help the company serve its products in schools, corporate meeting spaces, hospitality reception areas, medical offices, and glass partition applications.
List of Key Players Profiled in the Report :
- SAINT-GOBAIN (France)
- 3M Company (U.S.)
- Eastman Chemical Company (U.S.)
- Avery Dennison Corporation (U.S.)
- LINTEC Corporation (Japan)
- Toray Plastics (America) Inc. (U.S.)
- Madico Inc. (U.S.)
- Reflectiv (France)
- Garware Suncontrol (India)
- Dexerials Corporation (Japan)
- Armolan Window Films USA (U.S.)
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Global Industrial and Institutional Cleaning Chemicals Market Demand & Forecast 2025–2032
By Pallavi G, 2025-07-10
According to Fortune Business Insights the global industrial and institutional cleaning chemicals market size was USD 47.25 billion in 2019 and is projected to reach USD 68.16 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The industrial and institutional cleaning chemicals market accentuates a profound study of the industry, while shedding light on vital facts and figures. It also offers insightful data about dominant regions, policies adopted by governments and companies, besides providing a brief overview of the market with future insights. The report also encompasses critical factors exhibiting growth. In addition, the COVID-19 impact is also covered in the report.
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Industrial and Institutional Cleaning Chemicals Market Segmentations:
By Product Type:
The market is segmented into general-purpose cleaners, floor care, warewashing, disinfectants & sanitizers, laundry care, and others. General-purpose cleaners led the market in 2019 due to their wide use in degreasing and sanitation at a low cost. Disinfectants & sanitizers are expected to grow rapidly, driven by rising hygiene demands in the food & beverage industry.
By End-User:
End-users include commercial, manufacturing, and institutional & governmental sectors. The commercial segment dominates due to rising hygiene awareness, especially post-COVID. The manufacturing segment is set for strong growth, with increasing use of cleaning chemicals for equipment maintenance and contamination control in food & beverage facilities.
Market Driver :
Rising Consumption of Cleaning Chemicals to Bolster Growth
The heavy demand for cleaning chemicals for commercial use will have a tremendous impact on the global market during the forecast period. The increasing emphasis on health and hygiene will enhance the application of cleaning chemicals in various industries, which, in turn, will augur well for the market. The growing demand from the hospitality industry, including restaurants and hotels, to offer world-class services to its consumers, will further incite the market's development in the forthcoming years. Moreover, the increasing disposable income coupled with high consumer spending on tourism activities will subsequently spur opportunities for the market. Besides, the rising sanitation standards at the workplace, especially in developed nations, will further aid expansion of the market. In addition, the growing number of initiatives associated with cleanliness will boost the industrial and institutional cleaning chemicals market growth.
Increasing Cognizance About Sanitation to Uplift Market Amid Coronavirus
The growing awareness among consumers regarding sanitation and cleanliness, particularly to curb the spread of viruses will fuel demand for cleaning chemicals. The need for chemicals in industrial and manufacturing sectors to maintain hygiene will positively impact the market during coronavirus. Hospitals' necessary precautions to dampen the virus transmission have resulted in a significant rise in cleaning chemicals. However, lockdown and supply chain disruption has resulted in reduced manufacturing capacities, which, in turn, has retarded the growth of the market during COVID-19 pandemic.
Regional Analysis :
Heavy Demand from Hospitality Industry to Influence Growth in North America
The market size in North America is expected to experience a rapid growth rate owing to the inflated demand from the hospitality industry. The growing demand for disinfection and sanitation products due to COVID-19 outbreak has increased the consumption of the industrial and institutional cleaning chemicals in North America. The market in Asia Pacific is likely to proliferate during the forecast period due to the heavy demand from healthcare, retail, food service, and manufacturing industries. Europe is expected to rise rapidly owing to the rising demand from the food & beverage industry. Stringent hygiene and sanitation standards at manufacturing facilities, and workplace can create opportunities for the market in the region. Latin America and the Middle East & Africa are expected to experience a considerable growth rate due to the growing knowledge about preventing hospital-acquired infections in the region.
Key Development :
18 November, 2020 : Kimberly-Clark Foundation introduced the 'Toilets Change Lives' program to support sanitation solutions in 10 countries during the pandemic outbreak.
The Report Lists the Key Players in the Market for I ndustrial and Institutional Cleaning Chemicals:
- The Procter & Gamble Company (U.S.)
- The Clorox Company (U.S.)
- Kimberly-Clark Corporation (U.S.)
- Ecolab (U.S.)
- Diversey Inc. (U.S.)
- Dow (U.S.)
- Graham Chemical Corporation (U.S.)
- Croda International plc (UK)
- BASF SE (Germany)
- Brenntag (Germany)
- Clariant SA (Switzerland)
- Solvay SA (Belgium)
- Other Players
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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:
The global coated fabric market size was USD 34.89 billion in 2018 and is projected to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.
Coated Fabric Market Segmentations:
By Product:
The coated fabric market is segmented into polymer coated, rubber coated, and fabric-backed wall coverings. Polymer coated fabrics dominated in 2018 due to high demand in automotive protective clothing. These fabrics, made with polymers like PVC, PU, and polyethylene, offer durability, flexibility, and resistance to oil, abrasion, and water—ideal for use in seatbelts, airbags, and vehicle interiors.
By Application:
Applications include transportation, protective clothing, furniture, industrial, and others. The transportation segment holds the largest share, driven by rising vehicle sales and infrastructure development. Coated fabrics are widely used in automotive interiors and safety components like airbags, with growth supported by strict safety regulations and increased demand for passenger and commercial 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.
What are the New Additions in Coated Fabric 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 Colour Cosmetics Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Colour Cosmetics Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Colour Cosmetics Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global color cosmetics market size was valued at USD 77.73 billion in 2023 and is projected to grow from USD 82.16 billion in 2024 to USD 128.11 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
List of the Key Players in the Colour Cosmetics Market:
- L'Oréal S.A (France)
- Unilever (U.K.)
- Avon Products Inc. (U.K.)
- Estée Lauder Inc (U.S.)
- Shiseido Company, Limited (Japan)
- Revlon, Inc. (U.S.)
- Coty Inc. (U.S.)
- Amway (U.S.)
- KRYOLAN (Germany)
- CIATÉ (U.K.)
- CHANEL (France)
Colour Cosmetics Market Segmentation:
Prestige Products Segment to Record Notable Surge Owing to Rising Luxurious Goods Demand
On the basis of target market, the market for color cosmetics is segmented into mass products and prestige products. The prestige products segment accounted for a dominating share in the market and is expected to depict substantial growth throughout the forecast period. The expansion is due to the rising awareness among consumers regarding the usage of quality products on the face and body.
Offline Segment to Gain Traction Impelled by Soaring E-Commerce Sector
By distribution, the market is segregated into online and offline. The offline segment is estimated to surge at a considerable pace over the estimated period. The rise is driven by the growing consumer preference for purchase through the demo of the product.
Face Products Segment to Depict Appreciable Upsurge Impelled by Surging Consumer Awareness Regarding Beauty Trends
Based on application, the market is fragmented into hair products, nail products, lip products, face products, and others. The face products segment is expected to register considerable expansion throughout the forecast period. The surge is due to the growing trend for face beautification.
Based on geography, the market for color cosmetics has been analyzed across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Industry Share to Surge Due to Rising Inclination Toward Organic Cosmetic Products
One of the key factors propelling the color cosmetics market growth is the rising consumer inclination toward the purchase of organic cosmetic products. Additional factor favoring industry expansion is the soaring importance of using chemical-free cosmetic products and surging disposable income in emerging and developing markets.
However, the industry expansion could be restrained by the growing awareness regarding the protection and preservation of the environment.
Regional Insights:
Asia Pacific to Lead Impelled by Growing Skin Care Products Demand
The Asia Pacific color cosmetics market share is expected to register substantial growth over the estimated period. The expansion is driven by the escalating demand for skin care products from countries such as India, Japan, and China.
The North America market is poised to depict appreciable growth throughout the study period. The escalation is driven by the high disposable income and rapid technological advancement.
Competitive Landscape:
Leading Companies Enter into Collaborations to Expand Product Reach
Major players are focused on the adoption of a range of strategic initiatives for strengthening their industry positions. Some of these steps include acquisitions, collaborations, and merger agreements. Additional initiatives comprise an increase in R&D activities and the rollout of new products.
Key Industry Development:
April 2023: L'Oréal acquired Australian luxury brand Aesop from Natura & Co. to strengthen its global high-end cosmetics presence, including expansion into China.
June 2023: L'Oréal relaunched its luxury brand Lancôme in India, offering skincare, makeup, and fragrances.
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Propylene Market Analysis by Application, Type, and Region – Forecast to 2032
By Pallavi G, 2025-07-09
The Global Propylene 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 Propylene 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.
Propylene is a flammable, colorless gas used in the production of several chemical compounds. The product records a high demand from the packaging sector, which is set to drive industry growth over the forthcoming years. The market recorded a mixed impact during the COVID-19 pandemic. This was due to the reduced plastics demand on account of reduced manufacturing activity and the vitality of the product for medical supplies.
Fortune Business Insights™ provides this information in its research report, titled “Propylene Market, 2025-2032”.
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Forecast Growth Projected:
The global propylene market size was valued at USD 121.34 billion in 2023 and is projected to grow from USD 127.85 billion in 2024 to USD 194.62 billion by 2032 at a CAGR of 5.4% during the forecast period.
List of the Key Players in the Propylene Market:
- China Petrochemical Corporation. (China)
- LyondellBasell Industries Holdings B.V. (U.S)
- Braskem (Brazil)
- PetroChina Company Limited (China)
- SABIC (Saudi Arabia)
- BASF SE (Germany)
- Reliance Industries Limited. (India)
- Mitsui Chemicals, Inc. (Japan)
- Exxon Mobil Corporation (U.S.)
- Shell plc (U.K.)
Segmentation:
Polypropylene Segment Held a Prominent Share Owing to Lightweight Nature
By derivative, the market is subdivided into polypropylene, acrylonitrile, propylene oxide, cumene, acrylic acid, and others. In 2023, the polypropylene segment recorded a dominating share of the market due to the various properties of the derivative, including versatility, durability, and lightweight nature.
Packaging Segment Recorded Major Share Impelled by Rising Convenience Foods Demand
On the basis of application, the market is categorized into packaging, consumer goods, automotive, electrical & electronics, construction, and others. The packaging segment accounted for a leading market share driven by the escalating demand for convenience foods and beverages.
Based on geography, the market has been studied across Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Report Coverage:
The report gives an account of the latest industry trends. It further provides an analysis of the market on the basis of derivative, application, and geography. The key factors driving the industry growth have also been enlisted in the report. Furthermore, it gives an account of the pivotal strategies adopted by industry players to outpace their competitors.
Drivers and Restraints:
Industry Value to Surge Due to Escalating Product Deployment for Packaging Applications
The rising demand for flexible packaging solutions is set to drive industry expansion. The convenience and lightweight nature of polypropylene-based films, bags, and pouches are the major factors driving their popularity across various packaging applications. Besides, it is easy to reuse the compound from packaging waste considering the advancements in recycling technologies.
Regional Insights:
Asia Pacific Accounted for the Largest Share Due to Rising Product Demand across Various Industries
In 2023, Asia Pacific market size hit USD 76.28 billion with a dominating position in the global market. This can be attributed to the escalating product demand across the construction, electronics, packaging, and automotive industries.
North America records a steady growth driven by the growing product demand across an extensive range of end-use industries and the presence of robust industrial infrastructure. In addition, the region has vast reserves of shale gas, which offers an array of opportunities for industry players.
Key Industry Development:
October 2023: LyondellBasell acquired a 50% stake in Rodepa Vastgoed B.V., the holding company of De Paauw Sustainable Resources. This company is a major recycler in the BENELUX region, converting plastic waste into Low-Density Polyethylene (LDPE) and Polypropylene (PP).
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According to Fortune Business Insights the global UV stabilizers market size was valued at USD 1.56 billion in 2024. The market is projected to grow from USD 1.64 billion in 2025 to USD 2.41 billion by 2032 at a CAGR of 5.5% during the 2025-2032 forecast period. The typically used varieties of UV stabilizers comprise benzophenones, hindered amine light stabilizers, benzotriazoles, and others. The market expansion can be credited to the rising awareness regarding the harmful effects of UV radiation and surging product demand from the construction industry.
Fortune Business Insights™ provides this information in its research report, titled “UV Stabilizers Market, 2025-2032”.
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UV Stabilizers Market Segmentation:
HALS Segment Held Dominating Share in 2022 Owing to their High Efficacy at Low Concentrations
By type, the market is segmented into UV absorbers, quenchers, HALS (hindered amine light stabilizers), and others. The hindered amine light stabilizers (HALS) segment accounted for a key market share in 2022. This was due to the high efficacy of the product at low concentrations.
Packaging Segment to Register Major Share Impelled by Surging Product Demand across the Food Sector
By end-use industry, the market is segregated into automotive, packaging, agriculture, building & construction, adhesives & sealants, and others. The packaging segment is slated to record a dominant position in the market. This is due to the rising popularity of UV stabilizers in the food packaging sector. The solutions help protect food from harmful UV rays.
By geography, the market for UV stabilizers has been studied across North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa.
Drivers and Restraints:
Product Demand to Rise Owing to Soaring Consumer Awareness Regarding UV Stabilizer Benefits
The UV stabilizers market growth is being impelled by the various benefits offered by these solutions. These help in maintaining the product performance, appearance, and lifespan. This leads to an increasing preference for these solutions from consumers as well as manufacturers.
However, some UV stabilizers could have a negative impact on the environment, which may hinder market expansion to some extent.
Regional Insights:
Asia Pacific to Register Key Position Impelled by Rising Product Demand from Numerous Countries
Asia Pacific accounted for a market size of USD 0.67 billion in 2022. The UV stabilizers market share in the region is set to hold a major position in the global market. This can be attributed to the increasing product demand in Japan, India, and China.
In Europe, the market is set to expand significantly across the U.K., France, and Germany. One of the major factors driving the global market expansion is the surging investment of the European Union in the construction and automotive industries.
Competitive Landscape:
Market Participants Enhance Production Capacities to Gain Strong Industry Footing
Pivotal companies focus on enhancing their manufacturing capabilities and undertaking various steps for expanding their geographical footprints. Some of these initiatives include acquisitions, partnerships, collaborations, and the formation of alliances.
Key Industry Development:
- November 2022 – Songwon launched two new polymer additives: Songnox 9228 antioxidant and Songsorb 1164 UV absorber, suitable for industries like packaging, agriculture, construction, and personal care. The company emphasized quality, consistency, and reliability.
- November 2022 – SABO S.p.A. acquired the TAA and derivatives business from Evonik Industries AG , including facilities in Germany and China. This move secures the supply of key raw materials for HALS, used in automotive, agricultural films, construction, and consumer goods.
List of Key Players Mentioned in the Report:
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Songwon (South Korea)
- Solvay (Belgium)
- Suqian Unitech Corp Ltd. (China)
- Everlight Chemical Industrial Corp (Taiwan)
- SABO S.p.A. (Italy)
- Lycus Ltd., LLC (U.S.)
- Sarex (India)
- Jiangsu Chemk Co., Ltd. (CHEMK) (China)
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According to Fortune Business Insights the global portland cement market size was valued at USD 74.45 billion in 2024. The market is projected to grow from USD 77.88 billion in 2025 to USD 106.77 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. The global portland cement market is witnessing robust growth due to rising infrastructure development, increasing urbanization, and the booming construction sector worldwide. Portland cement remains the most commonly used type of cement due to its versatility, strength, and wide availability. It is an essential component in residential, commercial, and industrial construction applications.
Fortune Business Insights™ provides this information in its research report, titled “Portland Cement Market, 2025-2032”.
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Portland Cement Market Segmentation:
By Type:
The market is segmented into Ordinary Portland Cement (OPC), blended cement, white cement, sulfate-resistant cement, Portland limestone cement, and others. OPC dominates the market due to its high strength, durability, and widespread use in infrastructure and residential projects. Growth is supported by rapid urbanization, smart city initiatives, and advancements in manufacturing and logistics.
By End-Use:
The market is divided into residential and non-residential segments. The non-residential segment led in 2024, driven by increasing construction of commercial buildings, infrastructure projects, and government investments in smart cities, transportation, and industrial zones. Demand is also rising across healthcare, hospitality, and education sectors.
Drivers and Restraints:
Rapid urbanization, especially in emerging economies, is driving demand for Portland cement in housing, commercial spaces, and large infrastructure projects. Its vital role in modern construction makes it essential for urban development. Additionally, advancements in smart concrete and manufacturing technologies are further boosting product adoption.
Fluctuating prices of raw materials like fuel and limestone impact production costs and profit margins for cement manufacturers. To manage costs, companies are adopting resource optimization and alternative materials such as fly ash and slag. These challenges may hinder market growth during the forecast period.
Regional Insights:
Asia Pacific leads the global Portland cement market, driven by rapid growth in China and India and large-scale infrastructure projects like the BRI and Smart Cities Mission. In North America, the U.S. sees rising demand due to construction recovery and infrastructure upgrades. Europe shows mixed trends, with Western Europe shifting toward sustainable alternatives, while Eastern Europe grows through modernization. Latin America experiences moderate growth in Brazil and Mexico from housing and public projects. In the Middle East & Africa, mega projects like NEOM boost cement demand.
Competitive Landscape:
Key players in the global Portland cement market are focused on mergers, acquisitions, capacity expansions, and sustainability initiatives to gain competitive advantage. Some prominent companies include:
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Songwon (South Korea)
- Solvay (Belgium)
- Suqian Unitech Corp Ltd. (China)
- Everlight Chemical Industrial Corp (Taiwan)
- SABO S.p.A. (Italy)
- Lycus Ltd., LLC (U.S.)
- Sarex (India)
- Jiangsu Chemk Co., Ltd. (CHEMK) (China)
Key Industry Developments:
- August 2024: Aalborg Portland Holding A/S, a Cementir Holding subsidiary, acquired an additional 25.4% stake in Sinai White Portland Cement Co., raising its total ownership to 96.5%. The move strengthens Cementir’s position in Egypt’s white cement market.
- February 2022: CEMEX USA launched a lower-carbon Portland limestone cement (PLC) at its Florida and Alabama plants, reducing CO₂ emissions by up to 10% compared to traditional OPC.
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