Category: Chemical and Materials
Nanocellulose Industry Forecast 2032: Market Size, Share, and Demand Insights
By Pallavi G, 2025-03-24
The global nanocellulose market size is anticipated to showcase potential growth owing to the increasing concerns regarding the sustainability from the packaging industry, observes Fortune Business Insights™ Nanocellulose has applications in various industries including cement and composites, textile, and paper and packaging. The global nanocellulose market size was USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027, exhibiting an exhilarating CAGR of 19.9% during the forecast period.
The nanocellulose market is experiencing significant growth driven by rising demand across various industries such as paper and pulp, food and beverages, pharmaceuticals, and personal care. Nanocellulose, a biodegradable and renewable material, offers excellent mechanical properties and is increasingly being recognized for its sustainability and environmental benefits.
Get a Free Sample PDF :-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/nanocellulose-market-104565
Drivers & Restraints:
Increasing Applications in Packaging Industry to Boost Growth
Rising concerns about the environmental impact of packaging materials are expected to drive the growth of the nanocellulose market. For example, the U.S. Environmental Protection Agency reports that packaging materials contribute to around 28.1% of total municipal solid waste in the U.S., with a large portion consisting of non-degradable plastics. The growing use of nanocellulose as a sustainable alternative in packaging is key to this trend. Additionally, the extensive application of nanocellulose in the textile industry is anticipated to further boost demand. However, the high production cost associated with nanocellulose remains a limiting factor for market growth.
Market Segmentations:
The nanocellulose market is segmented based on type, application, and region:
By Type:
Nanocrystalline Cellulose (NCC) : This segment is witnessing the highest growth due to its excellent reinforcing properties and its potential use in composites and nanomaterials.
Nanofibrillated Cellulose (NFC) : Widely used in paper and pulp, packaging, and coating applications due to its excellent mechanical and barrier properties.
Bacterial Nanocellulose (BNC) : This niche segment is gaining traction in biomedical applications, including wound dressings, tissue engineering, and drug delivery systems.
By Application:
Paper & Pulp : Nanocellulose is used as an additive to enhance paper strength, reduce material usage, and improve recyclability. The paper industry remains the largest consumer of nanocellulose.
Composites : Nanocellulose is used in various composite materials for automotive, aerospace, and construction industries due to its lightweight and high strength properties.
Food & Beverages : Nanocellulose is increasingly being used as a stabilizer and emulsifier in food products, as well as for biodegradable packaging solutions.
Pharmaceuticals & Cosmetics : The rising demand for biocompatible materials in drug delivery and cosmetic formulations is contributing to the growth of nanocellulose in this segment.
Others : Includes electronics, textiles, paints, and coatings.
Regional Insights:
Europe led the nanocellulose market in 2019 with a value of USD 108.77 million, driven by the abundant wood supply in Eastern Europe and its strong manufacturing sectors like automobiles, textiles, and cosmetics.
Asia-Pacific, valued at USD 43.16 million in 2019, is expected to see significant growth due to the presence of key industries such as food, cement, textiles, and paper in countries like China, South Korea, and India.
Competitive Landscape-
- In April 2020, Celluforce announced that Celluforce NCC, a gelling agent produced by the company, is suitable for the manufacturing of hydro-alcoholic gels, thereby replacing the traditionally used acrylates and carbomers. This makes the agent suitable in making gel-based sanitizers while providing an invisible layer of cellulose on hands for protecting damaged skin.
Key Players:
Key players operating in the nanocellulose market includes Fiberlean Technologies (UK), Kruger, Inc. (Canada), Borregard (Norway), Nippon Paper Group (Japan) , Celluforce (Canada), Stora Enso (Finland), Norske Skog ASA (Norway), The University of Maine (U.S.), Research Institutes of Sweden (RISE) (Sweden), GranBio (Brazil), CelluComp (UK), Other Key Players.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/nanocellulose-market-104565
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Linerless Labels Market Forecast: Size, Demand, and Industry Analysis to 2032
By Pallavi G, 2025-03-24
The global linerless labels market share is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by Fortune Business Insights™ The report further mentions that The global linerless labels market was valued at USD 2.33 billion in 2019 and is projected to grow to USD 4.42 billion by 2032, reflecting a CAGR of 5.12% over the forecast period, according to our analysis in the existing report.
The linerless labels market is growing rapidly due to the increasing demand for sustainable labeling solutions. These labels are pressure-sensitive and do not have a liner, making them eco-friendly and cost-effective by reducing waste. Unlike traditional labels that come with a backing paper (liner), linerless labels eliminate the need for this waste-generating component, appealing to environmentally conscious companies.
Get a Free Sample PDF :-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/linerless-labels-market-102778
Fortune Business Insights™ lists out the names of all the companies present in the global market. They are as follows:
Gipako UAB, Hub Labels, Cenveo Corporation, Reflex Labels Ltd., Skanem AS, NAStar Inc., 3M, Coveris, Avery Dennison Corporation, Ravenwood Packaging, Innovia Films, Constantia Flexibles, Lexit Group AS, RR Donnelley & Sons Company, Optimum Group, SATO Europe GmbH, Tereoka Seiko Co., Ltd., L&N Label Company, Preprint Group, DuraFast Label Company, Bizerba Australia, Bostik, Dykam A.C.A. Ltd., Weber Packaging Solutions.
Key Drivers-
Environmental Concerns : Reduced material waste and lower carbon footprints.
Cost Savings : Less material usage, reduced inventory costs, and increased productivity.
Technological Advancements : New innovations in label materials, adhesives, and printing technologies.
Regulatory Compliance : Government regulations promoting the use of eco-friendly materials in packaging.
Segment-
The linerless labels market can be segmented based on:
Product Type :
- Variable Information Print (VIP) Labels
- Primary Product Labels
- Permanent Labels
Printing Technology :
Digital Printing
Flexographic Printing
Offset Printing
End-User Industry :
Food and Beverage : The largest sector due to its use in labeling perishable goods, packaging, and retail.
Retail : As e-commerce continues to grow, the need for efficient logistics and tracking labels in retail is increasing.
Logistics and Transportation : Linerless labels are ideal for barcode tracking in shipping and transportation.
Pharmaceuticals : Growing due to the stringent labeling requirements in this industry.
Material Type :
Paper-Based
Plastic-Based
Competitive Landscape-
Key Players Focus on R&D Activities to Develop New Products
The market is semi-consolidated. Most of the top players are investing hefty amounts of money in research and development activities to introduce innovative linerless labels and their components. Below are two of the latest key industry developments:
- January 2020 : Bostik unveiled its new linerless label adhesive. It is mainly designed to improve efficiencies of the production line and deliver sustainable packaging, especially for quick service restaurant applications.
- May 2019 : R.R. Donnelley & Sons Company (RRD) announced the broadening of its label manufacturing platform. It added a 26” linerless press for this expansion. The press was developed by ETI Converting Equipment.
Regional Analysis-
Growth of E-commerce to Drive Market in Asia Pacific
Geographically, the market is categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, Asia Pacific generated USD 892.5 million in revenue in 2019. This growth is attributable to the expansion of e-commerce in this region. North America is anticipated to grow considerably backed by the presence of a well-established retail sector in the U.S. Also, the demand for retail and personal care goods would upsurge because of the outbreak of the Covid-19 pandemic. For gaining the confidence of customers, companies are demanding eye-catching labels for their products. In Europe, the market is set to grow steadily owing to the high demand from the pharmaceutical industry.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/linerless-labels-market-102778
Key Players Assessment in this Research:
- The report offers a detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile generated revenue, pricing of goods, and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
The Global Solvents Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Solvents Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Solvents play a crucial role in a variety of industries, including pharmaceuticals, paints & coatings, adhesives, personal care, and cleaning products. They are substances that can dissolve other materials without altering their chemical composition, which makes them essential in a wide range of applications. The solvents market is driven by demand from various industries, technological advancements, and an increasing preference for eco-friendly and bio-based solvents.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102135
Forecast Growth Projected:
The global solvents market size was USD 49.42 billion in 2023 and is projected to grow from USD 52.65 billion in 2024 to USD 87.41 billion in 2032 at a CAGR of 6.0% over 2024 to 2032.
List of the Key Players in the Solvents Market:
The major players in the market are Royal Dutch Shell Plc (The Netherlands), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Ashland Global Holdings Inc. (U.S.), BASF SE (Germany), ExxonMobil Corporation (U.S.).
Competitors Landscape:
The realm of Solvents Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Solvents Market Segmentation:
The global solvents market can be segmented based on product type, application, and region.
By Product Type
Alcohols : Alcohols like ethanol, methanol, and isopropyl alcohol are widely used in pharmaceuticals, personal care, and cleaning products. These solvents have versatile applications and low toxicity levels, making them popular in various industries.
Ketones : Ketones, such as acetone and methyl ethyl ketone (MEK), are commonly used in paints, coatings, adhesives, and chemical processes due to their strong solvency and fast evaporation rates.
Esters : Esters are used in industries such as paints, coatings, and fragrances. They have low VOC emissions and are increasingly preferred for their environmentally friendly properties.
Hydrocarbons : Hydrocarbon solvents, including aromatic and aliphatic hydrocarbons, are used in paints, adhesives, and coatings. However, concerns over VOC emissions are prompting a gradual shift away from their use.
Glycols : Glycols like ethylene glycol and propylene glycol are employed in antifreeze, paints, and pharmaceuticals. They offer high solvency and stability.
By Application
Paints & Coatings : This segment holds the largest share of the solvents market. Solvents are essential in paint formulations to dissolve binders and pigments, allowing for smooth application and drying. The growing construction and automotive industries are driving demand in this sector.
Pharmaceuticals : Solvents are used in the synthesis of active pharmaceutical ingredients (APIs) and drug formulations. The growing pharmaceutical industry, particularly in emerging markets, is contributing to the increasing use of solvents.
Adhesives & Sealants : Solvents are used to dissolve adhesives and sealants, facilitating their application in industries such as packaging, construction, and automotive.
Personal Care : Solvents are widely used in cosmetics, skincare, and personal hygiene products. Their role in dissolving active ingredients and providing texture to formulations is critical to product performance.
Cleaning Products : Solvents are used in household and industrial cleaning products to dissolve grease, oils, and stains. Increasing awareness of hygiene and cleanliness is driving demand in this segment.
By Region
North America : The North American market is driven by strong demand from the pharmaceutical and personal care sectors, as well as increasing regulations for eco-friendly solvents.
Europe : Europe is a leading region in adopting bio-based and low-VOC solvents, driven by stringent environmental regulations and sustainability initiatives.
Asia-Pacific : Asia-Pacific is the fastest-growing market, driven by rapid industrialization and growing demand from the automotive, construction, and chemical sectors.
Key Driving Factors of the Solvents Market:
Demand in End-Use Industries : Increasing use of solvents in industries like paints & coatings, pharmaceuticals, and personal care products is driving market growth.
Shift Toward Green Solvents : Rising environmental concerns and regulations are pushing the adoption of eco-friendly, bio-based solvents, which offer lower toxicity and reduced VOC emissions.
Stringent Environmental Regulations : Government policies targeting VOC and hazardous emissions are driving the transition to water-based and organic solvents.
Growth in Emerging Markets : Rapid industrialization and urbanization in regions like Asia-Pacific and Latin America are boosting demand for solvents.
Solvent Recycling : Increased focus on sustainability is leading to growth in solvent recycling, which reduces waste and costs for industries.
Technological Innovations : Advancements in solvent formulations and manufacturing are improving product performance and environmental safety.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/102135
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103118
Forecast Growth Projected:
The global water purifier market was valued at USD 35.01 billion in 2024 and is expected to expand from USD 37.67 billion in 2025 to USD 62.88 billion by 2032, with a compound annual growth rate (CAGR) of 7.6% over the forecast period.
List of the Key Players in the Water Purifier Market:
The major players in the market are 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.).
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.
Market Segmentation:
By Technology
Reverse Osmosis (RO) : RO systems are the most popular water purifiers, known for their ability to remove dissolved salts and impurities. These purifiers dominate the market due to their high effectiveness in treating contaminated water.
Ultraviolet (UV) : UV technology is used to disinfect water by killing bacteria and viruses. UV purifiers are widely used in regions with biological contaminants in water, and they are gaining traction for their cost-effectiveness.
Ultra-Filtration (UF) : UF systems use membranes to filter out particles and pathogens. They are gaining popularity in areas where water contains a high amount of sediment and particulate matter.
Gravity-Based Purifiers : These systems do not require electricity and are often used in areas with less severe water contamination. They are ideal for rural markets and are affordable alternatives to other technologies.
By End-User
Residential : The residential segment is the largest consumer of water purifiers. Increasing urbanization and health concerns have boosted the adoption of water purifiers in homes, particularly in Asia-Pacific and North America.
Commercial : The commercial sector, including offices, restaurants, and educational institutions, is increasingly adopting water purifiers to provide clean water to employees, customers, and students.
Industrial : Industries, especially in sectors like food and beverage, pharmaceuticals, and chemical manufacturing, require clean water for production processes. The demand for industrial water purifiers is growing steadily.
Key Drivers:
Growing Health Concerns : The increasing prevalence of waterborne diseases, such as cholera and diarrhea, has fueled the demand for advanced water purification technologies. Consumers are increasingly investing in water purifiers to ensure clean and safe drinking water.
Technological Advancements : Innovations in water purification technologies, such as reverse osmosis (RO), ultraviolet (UV) disinfection, and ultra-filtration (UF), are enhancing the efficiency of water purifiers. These advanced systems can effectively remove harmful contaminants, bacteria, viruses, and dissolved impurities.
Rising Awareness of Environmental Pollution : As environmental concerns grow, particularly around industrial pollution and improper waste disposal, consumers are becoming more conscious of the quality of water they consume. This has increased demand for water purifiers that can remove toxins and pollutants from water sources.
Urbanization and Industrialization : Rapid urbanization and industrialization have led to increased pollution levels in water sources. Urban populations, in particular, are more reliant on tap water, which can be contaminated. Water purifiers are now considered essential in urban households.
Government Initiatives and Regulations : Governments across various countries are introducing regulations and initiatives to ensure access to safe drinking water, which is encouraging the adoption of water purifiers. For example, government policies to improve public health in emerging economies are supporting the growth of the water purifier market.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/103118
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
The global pipe seals market was valued at USD 1.46 billion in 2023 and is expected to expand from USD 1.51 billion in 2024 to USD 2.27 billion by 2032, with a projected compound annual growth rate (CAGR) of 5.2% over the forecast period. The pipe seals market is a critical component of the global industrial landscape, playing a significant role in industries such as water and wastewater, oil and gas, chemicals, and construction. Pipe seals ensure the leak-proof performance of pipelines, enhancing the overall efficiency and longevity of piping systems. outlook.
Fortune Business Insights™ provides this information in its research report, titled “Pipe Seals Market, 2024-2032”.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pipe-seals-market-111323
Market Segmentation
The pipe seals market is segmented based on several factors, including product type, material type, application, and region.
By Material
Rubber : Rubber is widely used in pipe seals due to its excellent flexibility, resilience, and sealing properties. Rubber seals are used in various industries, particularly where flexibility and chemical resistance are crucial, such as in wastewater treatment, plumbing, and oil & gas applications.
Plastic : Plastic materials, such as thermoplastics, are valued for their corrosion resistance and low cost. Plastic seals are often used in environments that require chemical resistance and low weight, making them ideal for certain industrial applications.
Metal : Metal seals are typically used in high-pressure, high-temperature environments such as power plants, refineries, and heavy industrial settings. They offer strength and durability but may be more prone to corrosion compared to rubber or plastic seals.
By Seal Type
Gaskets : Gaskets are mechanical seals that fill the space between two or more mating surfaces, preventing leakage. They are commonly used in piping systems, especially in joints or flange connections.
O-Rings : O-Rings are circular seals made from materials like rubber or plastic. They are among the most common types of pipe seals, providing efficient sealing in a wide range of pressure conditions. O-Rings are widely used across multiple industries, including oil & gas, chemical processing, and water treatment.
Lip Seals : Lip seals are used to protect the integrity of pipe joints and prevent the ingress of contaminants. They are highly valued in industrial applications where dirt or water ingress must be prevented.
Mechanical Seals : These seals are used in environments with rotating machinery, such as pumps and compressors, to prevent leaks in pipe connections. Mechanical seals are primarily used in the oil & gas, chemical, and industrial processing industries.
By Pipe Type
Plastic Pipes : Seals for plastic pipes are extensively used in plumbing, water treatment, and agricultural irrigation systems. The growing use of plastic pipes, driven by cost-efficiency and corrosion resistance, increases demand for compatible seals.
Concrete Pipes : Used in large-scale infrastructure projects like sewage and stormwater management systems, concrete pipes require robust seals to ensure longevity and prevent leakage.
Metal Pipes (Ductile Iron & Others) : Metal pipes are commonly used in high-pressure applications like oil & gas, water distribution, and industrial processes. Seals for metal pipes are often designed to withstand high temperatures and pressures.
GRP Pipes : Glass Reinforced Plastic (GRP) pipes are used in industries such as desalination, chemical processing, and marine applications. Seals for GRP pipes need to be resistant to corrosion and chemical exposure.
By Application
Water & Wastewater Treatment : Seals used in this sector must be durable, flexible, and resistant to chemicals commonly found in wastewater. They are used in pipelines carrying clean or dirty water.
Oil & Gas : The oil & gas industry requires seals that can withstand harsh environmental conditions, including extreme temperatures and high pressures. Seals in this sector are critical for ensuring the safety and efficiency of pipelines.
Chemical Processing : In chemical processing plants, seals must resist corrosive substances and high temperatures. Material selection is crucial, with rubber, plastic, and metal seals used in different parts of the process.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/pipe-seals-market-111323
Key Market Drivers
Several factors are driving the growth of the pipe seals market, including:
- Increasing Infrastructure Development : Urbanization and infrastructure projects, particularly in emerging economies, are boosting demand for robust pipe systems, leading to an increased demand for pipe seals.
- Rising Water Management Needs : As the global population grows, so does the need for effective water supply and wastewater management systems. This has led to increased investments in pipeline networks, further driving the demand for pipe seals.
- Growth in Oil & Gas Sector : The oil and gas industry requires advanced sealing solutions to ensure the safety and efficiency of pipelines. The expansion of oil and gas exploration activities, particularly in offshore regions, is contributing to the demand for pipe seals.
- Technological Advancements : Continuous innovation in sealing technologies, such as the development of eco-friendly materials and smart sealing solutions, is expected to drive market growth.
- Stringent Regulatory Requirements : Stringent environmental regulations aimed at reducing leakage in industrial pipelines have increased the demand for reliable and high-performance pipe seals.
Key Industry Development:
October 2024 - Hultec consolidated four of its subsidiaries under the unified brand name Hultec after a strategic review following its acquisition by Industrial Growth Partners. As part of its growth strategy, the company relocated its headquarters and announced plans to expand its manufacturing facilities to enhance its ability to meet global infrastructure demands across water, wastewater, and other industries. Renowned for its innovative pipe sealing solutions, Hultec's products are now sold in over 100 countries worldwide.
List of Key Players Mentioned in the Report:
- Press-Seal Corporation (U.S.)
- SpringSeal Inc. (U.S.)
- Hamilton Kent LLC (S)
- Specification Rubber Products, Inc (S.)
- Waheguru Rubber Industrial Co. Pvt. Ltd. (India)
- Van Ryn Rubber (South Africa)
- KPM Plasto Rubber Co. (India)
- Trelleborg (Sweden)
- HULTEC (U.S.)
- Gulf Rubber (U.S.)
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/pipe-seals-market-111323
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Demand for Graphene in Middle East & Africa: Industry Size, Share & Forecast 2032
By Pallavi G, 2025-03-18
The Middle East & Africa region is anticipated to experience significant growth in the global graphene market. The graphene market in this region is expected to expand at a CAGR of 25.9% during the forecast period. Globally, the graphene market is projected to increase from USD 432.7 million in 2023 to USD 2,957.9 million by 2030.
The Middle East & Africa graphene market has been witnessing significant growth over the past few years due to the increasing demand for graphene in various applications such as electronics, energy storage, aerospace, automotive, and healthcare. Graphene, known for its excellent thermal and electrical conductivity, lightweight structure, and high tensile strength, has positioned itself as one of the most promising materials for industrial use. The adoption of graphene in the region is driven by the growing industrial sector and increasing investments in research and development.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/middle-east-and-africa-graphene-market-108297
Market Segmentations:
The MEA graphene market can be segmented based on product type, application, and country.
By Product Type:
- Graphene Oxide (GO) : Widely used in energy storage and coatings due to its affordability and ease of production.
- Graphene Nanoplatelets (GNPs) : Used in electronics, conductive inks, and coatings.
- Monolayer & Bilayer Graphene : Primarily used in high-end electronics, sensors, and transistors.
By Application:
- Electronics : Flexible displays, transistors, sensors, and conductive inks.
- Energy Storage : Supercapacitors, batteries, and fuel cells.
- Automotive & Aerospace : Lightweight components, composites, and thermal management.
- Healthcare & Biotechnology : Drug delivery systems, medical devices, and biosensors.
- Construction : Concrete additives, paints, and coatings.
By Country:
- GCC Countries (Saudi Arabia, UAE, etc.) : Leading the adoption of graphene in advanced materials due to high investments in R&D and advanced industries.
- South Africa : A key player in graphene mining and research due to the presence of graphite reserves.
- Israel : Active in graphene-based startups, particularly in nanotechnology and medical applications.
- Nigeria : Emerging as a potential market due to growing interest in energy storage and sustainable technologies.
Market Restraint:
The graphene industry, both globally and in the Middle East & Africa region, is still emerging and in the early stages of developing rules and regulations. As a result, there is a lack of clarity in standardization, leading to challenges. Many manufacturers are producing varied types of graphene products, which has resulted in significant diversification and confusion within the industry. Nevertheless, the Graphene Council Standards Task Force serves as a key platform for individuals and companies involved in the research, development, and application of graphene globally.
Get Your Customized Research Report
https://www.fortunebusinessinsights.com/enquiry/customization/middle-east-and-africa-graphene-market-108297
Key Market Drivers:
Several factors are propelling the growth of the graphene market in the MEA region. These include:
Increasing Demand for Energy Storage Solutions : The rising need for efficient energy storage systems, particularly in renewable energy sectors like solar and wind power, has bolstered the demand for graphene-based batteries and supercapacitors.
Growing Aerospace and Automotive Industries : The aerospace and automotive sectors in the MEA region are witnessing rapid growth. Graphene’s lightweight and high-strength properties make it ideal for use in automotive parts and aerospace components, contributing to market growth.
Technological Advancements : Ongoing research and development (R&D) efforts in graphene synthesis and large-scale production are enhancing the feasibility of graphene-based applications across industries.
Focus on Sustainability : With the increasing focus on sustainability, industries are turning to graphene for eco-friendly solutions. Graphene’s potential in reducing carbon emissions and improving energy efficiency makes it attractive to industries looking to align with environmental goals.
Government Support and Investment : Countries in the MEA region are increasing their focus on fostering innovation and advanced materials through government policies and investment in R&D, further boosting the graphene market.
Market Trends:
The MEA graphene market is characterized by several emerging trends, including:
Rising Applications in Electronics : Graphene is being increasingly adopted in the electronics industry for flexible displays, high-speed transistors, and other components due to its superior electrical conductivity.
Growth in Nanotechnology and Biotechnology : Graphene is gaining traction in biotechnology and nanotechnology, especially in medical devices and drug delivery systems, due to its unique properties such as high biocompatibility and excellent surface area.
Collaborations and Partnerships : Numerous collaborations between research institutions, universities, and private companies are fostering innovation in graphene technology. For instance, many startups in Israel and South Africa are working closely with multinational firms to develop graphene-based solutions.
3D Printing and Additive Manufacturing : Graphene-enhanced materials are finding applications in 3D printing and additive manufacturing, providing opportunities for innovation in creating lightweight and strong materials for various industries.
Key Industry Developments:
In December 2022, Senhasegura secured an investment of USD 13 million from Graphene Ventures to expand its market presence in the Middle East & Africa.
List of Key Companies Profiled in this Market Report:
- Graphene Manufacturing Group Ltd. (Australia)
- Nanowerk (UAE)
- Dexterousdmcc (UAE)
- Haydale Graphene Industries plc (U.K.)
- Graphenea (U.S.)
- ACS Material (U.S.)
- XG Sciences (U.S.)
- Global Graphene Group (U.S.)
- Applied Graphene Materials (U.K.)
- Medad Holding (UAE)
- Senhasegura (MEA)
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/middle-east-and-africa-graphene-market-108297
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Global Calcium Formate Market: Industry Insights and Trends Forecast to 2032
By Pallavi G, 2025-03-18
The global calcium formate market size is projected to reach USD 628.5 million by 2027, exhibiting a CAGR of 4.0% during the forecast period. Increasing cement production is likely to emerge as a central growth driver for this market, finds Fortune Business Insights™ in its report, The International Energy Agency (IEA) estimates that 4.1Gt of cement was produced worldwide in 2019, with China accounting for nearly 55% of the global production, followed by India at 8%. By 2030, according to the World Cement Association, China’s production is forecasted to contract to 35%, while India’s is set to double to 16%.
The calcium formate market is witnessing steady growth, driven by its increasing application across various industries. As a multifunctional chemical compound, calcium formate is used extensively in industries such as construction, leather tanning, animal feed, and chemicals. The growing demand for faster construction activities and efficient industrial processes has propelled the calcium formate market. This report provides an analysis of the market size, share, key drivers, and segmentation that impact the calcium formate industry globally.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/calcium-formate-market-101683
Segmentation Analysis:
The calcium formate market can be segmented based on application, end-user industry, and geography.
By Application:
- Cement and Concrete Additives : Calcium formate accelerates the setting and hardening of concrete, making it an essential additive in the construction sector.
- Animal Feed Additive : It is used as a feed additive to improve the health and growth of livestock, particularly in pigs and poultry.
- Leather Tanning : Calcium formate is used in the leather industry to enhance leather properties.
- Chemical Industry : As an intermediate or pH regulator in various chemical reactions, calcium formate plays a crucial role in industrial chemical processes.
By End-User Industry:
- Construction : The largest consumer segment of calcium formate, driven by infrastructural projects and the global demand for faster and more efficient construction materials.
- Animal Husbandry : The use of calcium formate as a feed additive is expanding with the increase in meat consumption and livestock farming.
- Leather : The global demand for high-quality leather products supports the use of calcium formate in leather tanning processes.
- Chemicals and Pharmaceuticals : Calcium formate's role in various chemical processes and as a preservative in the pharmaceutical industry is gaining traction.
By Geography:
- Asia-Pacific : The Asia-Pacific region dominates the calcium formate market, particularly due to rising demand in construction and animal feed industries in China and India.
- Europe : Europe is a significant market for calcium formate due to its well-established leather and construction industries, with Germany being the key player.
- North America : Steady demand from the construction and chemicals sectors drives the market in North America.
- Latin America and Middle East & Africa : These regions are witnessing moderate growth, primarily driven by the construction and animal husbandry industries.
Market Restraint
Declining Sales & Profits to Hamper Companies’ Investment Plans amid COVID-19
The outbreak of the COVID-19 pandemic has had grave implications for the global chemicals industry, which are hurting the calcium formate market growth. Lockdowns, social distancing, and trade restrictions have caused massive disruptions in supply chain networks, while severe economic downturn has impacted demand and consumption. As a result, companies in this market are reporting unprecedented loss of revenue, which in turn has forced them to rethink their investment plans. For instance, in August 2020, the Germany-based specialty chemicals company, Lanxess, sold off its organic leather chemicals business for USD 230 million to TFL Ledertechnik GmbH to reduce its dependence on the automotive industry. With the automotive industry facing an unparalleled demand crunch amid COVID-19, Lanxess’s divesture from the leather business seems prudent. In another example, Sweden-based Perstop AB reported a staggering drop of 32% in its net sales, amounting to SEK 2.08 billion in July 2020, as the company took drastic measures to tackle COVID-19. These adverse developments are likely to stall the adoption of calcium methanoate during the current year.
Get Your Customized Research Report
https://www.fortunebusinessinsights.com/enquiry/customization/calcium-formate-market-101683
Key Market Drivers:
Several factors contribute to the growth of the calcium formate market. These key drivers include:
Increased Demand in the Construction Industry : The primary use of calcium formate in the construction industry as a setting accelerator in cement and concrete is a major growth factor. Rapid urbanization and industrialization in emerging economies, coupled with infrastructural development projects, are bolstering demand.
Expanding Use in Animal Feed Additives : Calcium formate serves as a preservative and feed additive in the animal nutrition sector, especially for pigs and poultry. Rising concerns over animal health and improving feed quality are fostering its demand in agriculture.
Growing Leather Tanning Industry : The demand for calcium formate in the leather industry is on the rise, as it is used in tanning processes to enhance the quality of leather goods.
Chemical and Pharmaceutical Applications : The compound is used as an intermediate in several chemical manufacturing processes. Its application in pharmaceuticals, especially as a preservative and pH regulator, is further enhancing its market share.
Industry Developments:
- November 2019: Perstorp announced plans to invest in a new facility in Gujarat, India, to produce Pentaerythritol (Penta). The plant will allow Perstorp to meet the rising demand in Asia for its Penta products as well as produce and distribute calcium formate in the country.
- September 2019: CPS Performance Materials, a portfolio company under Arsenal Capital Partners, announced the acquisition of GEO Specialty Chemicals. The acquisition will allow CPS to add GEO’s diverse chemicals and materials for diverse industries such as water treatment and paints & coatings to its specialty chemicals portfolio.
List of Key Companies Profiled in this Market Report:
- Chongqing Chuandong Chemical (Group) Co., Ltd. (China)
- Jiangxi Kosin Organic Chemical (China)
- Zibo Ruibao Chemical Co., Ltd. (China)
- GEO Specialty Chemicals (USA)
- Perstorp (Sweden)
- Sidley Chemical Co., Ltd. (China)
- Shandong Baoyuan Chemical Co., Ltd. (China)
- Henan Botai Chemical Building Materials Company Ltd. (China)
- American Elements (USA)
- LANXESS (Germany)
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/calcium-formate-market-101683
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
2032 Forecast: Flavors and Fragrances Market Size, Demand, and Share Trends
By Pallavi G, 2025-03-17
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".
The Flavors and Fragrances Market plays a critical role in industries like food and beverages, cosmetics, and personal care, with significant growth expected due to rising consumer demand for new sensory experiences. Here is an overview of the market's size, share, industry analysis, segmentation, and key drivers.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/flavors-and-fragrances-market-102329
List of Key Players Profiled in the Flavors and Fragrances Market Report :
- Givaudan (Switzerland)
- International Flavors and Fragrances (IFF) (U.S.)
- Symrise AG (Germany)
- Robertet Group (France)
- Kerry Group plc (Ireland)
- Sensient Technologies (U.S.)
- Firmenich SA (Switzerland)
- Takasago International Corp (Japan)
- Hasegawa Co., Ltd. (Japan)
- Mane (France)
- Archer Daniel Midland Company (U.S.)
- Solvay S.A. (Belgium)
- BASF (Germany)
Segments:
Flavors Segment to Lead the Market Due to its Unique Properties
By type, the market is bifurcated into flavors and fragrances. The flavors segment is further categorized into natural and synthetic. The fragrances segment is also divided into natural and synthetic.
Food & Beverage Sub-Segment to Dominate the Market
Based on type (cross application), the market is segregated into flavors used in the food & beverage sector for beverages, bakery, confectionery, dairy, and others. These flavors are also used in pharmaceuticals and other sectors. The fragrance segment is further classified into fine fragrances, cosmetics & personal care, home & floor care, and others.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report sheds light on the current market state and recent developments in the market. The impact of COVID-19 pandemic on the market growth is highlighted in this report. Furthermore, the report sheds light on drivers and restraints affecting the market development and expansion during the forecast period. Also, a list of key market players is given, along with the regional insights on segmented market areas.
Key Drivers:
Rising Demand for Processed Food and Beverages:
- The increasing consumption of processed and packaged food products worldwide is driving the demand for flavors, particularly in the food and beverage industry.
Shift Toward Natural and Organic Products:
- Consumers are moving toward natural ingredients, clean labels, and organic products, boosting the demand for natural flavors and fragrances.
Innovation and R&D Investments:
- Manufacturers are heavily investing in research and development to innovate new flavors and fragrances to meet changing consumer preferences.
Growth in Personal Care and Cosmetics Industry:
- The growing use of cosmetics and personal care products, driven by rising disposable incomes, is propelling the fragrance segment.
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.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/flavors-and-fragrances-market-102329
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.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/flavors-and-fragrances-market-102329
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
The Global Magnesium 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 Magnesium 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 Magnesium 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.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104713
Forecast Growth Projected:
The global magnesium market size was USD 4,115.0 million in 2019 and is projected to reach USD 5,928.1 million by 2027, exhibiting a CAGR of 5.4% during the forecast period.
List of the Key Players in the Magnesium Market:
The major players in the market are NIPPON KINZOKU CO., LTD. (Japan), Latrobe Magnesium (Australia), Alliance Magnesium Inc. (Canada), US Magnesium LLC (U.S.), Regal Magnesium Co. Ltd. (China), Dead Sea Magnesium Ltd. (UK).
Competitors Landscape:
The realm of Magnesium 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.
Segmentation:
By Product Type:
- Pure Magnesium: Used mainly for alloying purposes and in chemical processes.
- Magnesium Alloys: Widely used in the automotive, aerospace, and electronics industries due to their lightweight and high-strength properties.
- Magnesium Compounds: Includes magnesium oxide, hydroxide, and carbonate, used in applications ranging from refractories to fertilizers and pharmaceuticals.
By Application:
- Automotive: Magnesium is used in die-casting and alloying for lightweight vehicle parts, helping to reduce emissions and improve fuel efficiency.
- Aerospace: Lightweight magnesium alloys are increasingly used for structural components, reducing overall aircraft weight and improving fuel efficiency.
- Electronics: Magnesium alloys are used in portable electronic devices, contributing to slimmer, lighter designs.
- Medical: Magnesium’s biocompatibility makes it ideal for biodegradable implants and medical devices.
- Construction: Magnesium compounds are used in cement and insulation materials.
- Others: Includes chemical, metallurgical, and agricultural applications.
By Region:
- Asia-Pacific: Dominates the global magnesium market, with China being the largest producer and consumer. The region's rapid industrialization and growing automotive and electronics industries drive demand.
- North America: Witnesses steady growth due to increasing use in the automotive and aerospace sectors, coupled with a shift towards lightweight materials.
- Europe: High demand for magnesium in automotive and aerospace industries driven by stringent emission regulations and sustainability initiatives.
- Rest of the World: Includes emerging markets in Latin America, the Middle East, and Africa, where industrial development is increasing magnesium demand.
Key Market Drivers:
- Increasing Demand for Lightweight Materials: The automotive and aerospace industries are under pressure to reduce vehicle and aircraft weight to improve fuel efficiency and reduce carbon emissions. Magnesium alloys, being significantly lighter than steel and aluminum, are in high demand for producing lightweight components.
- Growing Use of Magnesium in Electronics: Magnesium’s lightweight properties and excellent thermal conductivity make it a preferred material for electronic devices such as smartphones, laptops, and cameras. The demand for smaller, more compact, and lighter electronic devices is fueling the use of magnesium alloys.
- Expansion in Aerospace Industry: The aerospace industry’s need for materials that reduce fuel consumption has led to a surge in the use of magnesium alloys in the manufacture of aircraft parts. This trend is expected to continue as the industry focuses on improving energy efficiency.
- Sustainability and Recyclability: Magnesium is highly recyclable, making it a favorable material for industries focused on sustainability. The push for environmentally friendly materials is driving the demand for magnesium in several sectors, particularly in Europe and North America.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/104713
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
The Global Thermoplastic Composites 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 Thermoplastic Composites 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 Thermoplastic Composites 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.
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/110534
Forecast Growth Projected:
The global thermoplastic composites market size was valued at USD 29.41 billion in 2023. The market is projected to grow from USD 31.60 billion in 2024 to USD 60.35 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period of 2024-2032.
List of the Key Players in the Thermoplastic Composites Market:
The major players in the market are
- BASF SE (Germany)
- Celanese Corporation (U.S.)
- SABIC (Saudi Arabia)
- Toray Industry Inc. (Japan)
- Solvay (Belgium)
- LANXESS AG (Germany)
- Arkema (France)
- Avient Corporation (U.S.)
- Mitsubishi Chemical Group (Japan)
Competitors Landscape:
The realm of Thermoplastic Composites 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.
Segmentation:
Rising Use in Transportation Drives Demand for Glass Fiber-Reinforced Polymer (GFRP)
Based on type, the thermoplastic composites market is segmented into Glass Fiber-Reinforced Polymer (GFRP), Carbon Fiber-Reinforced Polymer (CFRP), and others. In 2023, the GFRP segment led the market, primarily due to its growing application in the transportation sector. The transportation industry’s increasing focus on producing lightweight vehicles is boosting the demand for GFRP, as it offers an ideal balance of strength and weight reduction.
Dominance of Polyamide Resins Due to Their Versatile Applications
Based on resin type, the market is divided into Polypropylene (PP), Polyamide (PA), Polyetheretherketone (PEEK), and others. Polyamide resins are expected to dominate the market due to their extensive use across various industries such as automotive, electronics, consumer goods, and aerospace. Their versatility and favorable properties make them a preferred choice in numerous high-performance applications.
Growth in Thermoplastic Composites Usage Driven by Rising Demand for Lightweight, Fuel-Efficient Vehicles
In terms of application, the market is categorized into transportation, construction, electrical & electronics, sports & leisure, and others. The transportation segment is leading the market, spurred by growing consumer demand for lightweight, fuel-efficient vehicles. This shift is encouraging manufacturers to increasingly adopt thermoplastic composites to meet performance and sustainability goals.
Drivers and Restraints:
Rising Product Use in Electric Vehicles to Bolster Market Growth
The sales of electric vehicles are on the rise as more customers are becoming aware of the harmful effects of using fossil-fueled vehicles on the environment, and want to reduce their carbon footprint. This factor has boosted the demand for lightweight components to reduce the vehicle’s overall weight. This is expected to increase the use of thermoplastic composites in electric vehicles to decrease their weight and make them more fuel efficient.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/110534
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
