The global   steel slag market   size was valued at USD 25.66 billion in 2022 and is projected to reach a valuation of USD 26.83 billion in 2023. The market is expected to reach USD 38.28 billion by 2030 with a CAGR of 5.2% during the forecast period. Steel slag has various minerals which are used in construction materials owing to its high hardness, durability, and ability to improve concrete properties. The demand for road construction is supporting the market growth.   Fortune Business Insights ™   shares this information in its report titled “ Global Steel Slag   Market, 2025-2030. ”

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Segmentations Analysis:

Which type segment dominates the steel slag market?

• Blast Furnace Slag holds the dominant share of the market.
• It is widely used in roads, pavements, drainage systems, and canals in the form of   hyttsten .
• Steelmaking Slag is also growing in demand due to its use in civil engineering and sand pile compaction projects.

Which application segment leads the market?

• Cement & Concrete is the largest application segment.
• The demand is rising due to its high tensile strength, water resistance, hardness, and chemical compatibility.
• Other applications include construction, fertilizers, and miscellaneous industrial uses.

Drivers and Restraints:

What is driving the growth of the steel slag market?

• Water treatment applications: Steel slag has excellent adsorption capabilities, helping remove phosphate, silica, magnesium, and other contaminants from sewage.
• Land reclamation uses: Its chemical composition helps restore land and improve soil properties.
• Sustainable construction demand: Increasing focus on eco-friendly building materials supports market growth.

What are the key restraints?

• Regulatory restrictions: In some regions, using steel slag as a construction material is prohibited or highly regulated, which may hinder market expansion.

Regional Insights:

Which region leads the global market?

• Asia Pacific dominates due to rapid urbanization, infrastructure growth, and construction projects in countries like China, Japan, and India.
• The market was valued at USD 17.49 billion in 2022 in this region.

What is driving growth in Europe?

• Europe’s market is supported by infrastructure and industrial developments.
• Electric arc furnace slag is particularly popular due to its stability, durability, and frictional properties, making it ideal for ballast applications.

Competitive Landscape:

The market is led by key players such as ArcelorMittal, Nippon Steel Corporation, Baosteel Group Corporation, and JFE Steel Corporation. They have been emphasizing on product innovation and new product launches. In March 2021, Nippon Steel Corporation launched a new product called ‘ZEXEED’ which is twice as resistant in flat areas than conventional high corrosion resistant steel. The product will be an excellent material for harsh environmental conditions.

Key Industry Development:

• February  2023:  Nippon Steel Corporation announced that it entered into an agreement with Elk Valley Resources Ltd. (EVR) to indirectly acquire up to 10% of common shares, preferred shares, and royalty interest of the latter.
• July 2022 :  ThyssenKrupp Steel announced to work with BP p.l.c. The purpose of the strategic collaboration is the decarbonization of steel production as ThyssenKrupp Steel accounts for 2.5% of CO2 emissions in Germany. ThyssenKrupp Steel and BP p.l.c. are planning to replace the coal-fired blast furnaces to produce green steel and products.

List of Key Players Profiled in the Report:

• ArcelorMittal (Luxembourg)
• Nippon Steel Corporation (Japan)
• Baosteel Group Corporation (China)
• JFE Steel Corporation (Japan)
• Tata Steel (India)
• POSCO (South Korea)
• Voestalpine Group (Austria)
• thyssenkrupp Steel Europe (Germany)
• Optimus Steel (U.S.)
• KOBE STEEL, LTD. (Japan)

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The global   resin market   size was USD 593.94 billion in 2024. The market is projected to grow from USD 623.27 billion in 2025 to USD 875.41 billion by 2032 at a CAGR of 5.0% during the forecast period. Resin is a solid or viscous substance derived from plants or synthetically produced. Natural resins form during plant growth or are secreted when plants are injured. Various manufacturing processes convert resins into final products, and rising demand across end-use industries is driving market growth.

Resin is typically a solid or highly viscous material obtained from plants or artificially produced in a lab. The increasing need for polypropylene in the automotive and construction sectors is expected to drive the market’s growth.   Fortune Business Insights presents this information in their report titled "Global Resin Market, 2025–2032."

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Segments:

Dominance of Polyethylene (PE) and Polypropylene (PP)
By type, the market is segmented into polyurethane, acrylonitrile butadiene styrene (ABS), polyethylene (PE), polystyrene, polypropylene (PP), polyethylene terephthalate (PET), polycarbonate, polyvinyl chloride (PVC), polyamide, and others.
PE and PP lead the segment, driven by their extensive use in automotive and healthcare industries. Their moldability, chemical resistance, electrical insulation, and heat resistance make them highly preferred materials.

Rapid Growth of Packaging Sector
By end-use industry, the market is categorized into agriculture, automotive & transportation, building & construction, packaging, consumer goods/lifestyle, electrical & electronics, and others.
The packaging segment is projected to grow the fastest due to rising demand for safe, convenient, and attractive packaging solutions across multiple industries.

Report Coverage:

The report offers: 

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

Drivers & Restraints:

What is driving the demand for plastic packaging?
The shift toward digital platforms in pharmaceuticals and electronics has boosted demand for efficient packaging. Additionally, the food & beverage sector is fueling growth with rising consumption of flexible packaging for frozen and ready-to-eat meals.

What could restrain market growth?
Fluctuating crude oil prices can significantly impact resin production costs, posing a challenge to market expansion.

Regional Insights

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

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

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

Competitive Landscape

Fragmented Competitive Landscape Drives Expansion of High-Performance Polymers Market

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

Key Industry Development: 

• November 2023 -  LyondellBasell, one of the major licensors of polyolefin technologies, announced that Indian Oil Corporation Ltd. (IOCL) selected LyondellBasell’s Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a novel 200 kiloton per year (KTA) high-density polyethylene (HDPE) plant in Panipat, India.
• March 2023 –  INEOS, one of the major players operating globally, through its subsidiary INEOS Styrolution, announced the commercialization of K-Resin KR21 by key domestic appliance manufacturers in Asia, particularly for refrigerator inliners.

List of Key Players Profiled in the Market Report:

• DuPont (U.S.)
• Arkema (France)
• BASF SE (Germany)
• INEOS Holdings Ltd. (U.K.)
• Hexion (U.S.)
• Invista (U.S.)
• LyondellBasell (Netherlands)
• Mitsubishi Engineering-Plastics Corporation (Japan)
• Mitsui Chemicals (Japan)
• Nova Chemicals (Canada)
• Qenos (Australia)
• Radici Group (Italy)
• SABIC (Saudi Arabia)
• Repsol (Spain)
• Sumitomo Chemical Co. Ltd. (Japan)

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The global   green methanol market   size was valued at USD 350.9 million in 2023 and is expected to grow from USD 526.2 million in 2024 to USD 16,021.8 million by 2032 at a CAGR of 53.3% during the forecast period. Renewable methanol can lead to the expansion of methanol usage as a fuel and chemical raw material and aid transport and industrial sectors in their movement toward net carbon neutrality goals. Even 100% carbon-free products can be produced by deploying different sustainable feedstocks, including CO2, waste, hydrogen, and biomass. Thus, this promising situation has drawn the attention of companies and investors in the conventional methanol market.

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

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Green Methanol Market Segmentation Analysis:

By Type:

• Biomethanol   held the largest share in 2023.
• Growth is driven by its cost-effective production from accessible feedstocks such as agricultural waste, biogas, and municipal solid waste.
• It remains more economical compared to e-methanol, supporting its strong demand.

By Production Route:

• Power-to-methanol   route is projected to dominate by 2025.
• It uses hydrogen (via water electrolysis) and captured CO₂, which significantly lowers carbon emissions.
• This route aligns with decarbonization goals and is supported by global capacity expansion projects.

By End Use:

• Chemical segment   accounted for the largest share in 2023 and will maintain its lead.
• Methanol is widely used in producing acetic acid, formaldehyde, ethylene, and propylene.
• Growing preference for green biomethanol will further boost demand in this segment.

Report Coverage:

• Covers strategic initiatives by leading players to stay competitive.
• Provides insights into key drivers, restraints, and market trends.
• Includes analysis of COVID-19 impact and major industry developments.

Drivers and Restraints:

What is driving the growth of the green methanol market?
Government initiatives to blend methanol with gasoline are supporting low-carbon fuel adoption. Countries like New Zealand, Italy, India, and Egypt are actively testing methanol blends to reduce emissions without affecting vehicle performance.

What is the major challenge for the market?
High production costs of green methanol remain a key restraint, potentially limiting adoption in cost-sensitive markets.

Regional Insights:

Which region is expected to lead the market?
Asia Pacific is projected to become the largest consumer by 2025, mainly due to significant capacity expansions in China.

Which region is currently the largest consumer?
North America currently leads global consumption, supported by strong demand and the presence of major biomethanol manufacturers.

List of the Key Players in the Green Methanol Market:

• Alberta-Pacific Forest Industries Inc (Canada)
• ANDRITZ (Austria) 
• Avaada Group (India)
• Cepsa (Spain)
• Enerkem (Canada)
• Mitsui & Co., Ltd. (Japan)
• OCI Global (Netherlands)
• SunGas Renewables (U.S.)
• Thyssenkrupp Uhde GmbH (Germany)
• Veolia (France)

Key Industry Development:

• January 2024 –  BASF announced a new collaboration with Envision Energy, a green technology provider. Both companies collaborated to develop an advanced and dynamic process design to convert green hydrogen and carbon dioxide into e-methanol.
• December 2023 –  Perpetual Next Company announced the development of the second biomethanol production plant in Estonia. The plant, which will have a production capacity of 220 kilotons, is estimated to come into operation by 2027. 

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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.

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Drivers & Restraints:

What factors are driving the growth of the nanocellulose market?
The increasing adoption of nanocellulose in the packaging industry is a key driver. Rising concerns over environmental sustainability, especially the high contribution of non-degradable plastics to municipal solid waste (28.1% in the U.S.), are pushing manufacturers to explore eco-friendly alternatives like nanocellulose. Additionally, expanding applications in the textile industry are further boosting demand.

What challenges is the nanocellulose market facing?
High production costs remain a significant restraint, limiting widespread adoption despite its advantages in sustainability and performance.

Market Segmentations:

How is the nanocellulose market segmented by type?

• Nanocrystalline Cellulose (NCC):   Leading the market due to its reinforcing properties and potential in composites and nanomaterials.
• Nanofibrillated Cellulose (NFC):   Popular in paper, packaging, and coating industries for its mechanical strength and barrier properties.
• Bacterial Nanocellulose (BNC):   Niche segment growing in biomedical applications such as wound dressings, tissue engineering, and drug delivery.

What are the key applications of nanocellulose?

• Paper & Pulp: Improves paper strength, reduces material usage, and enhances recyclability.
• Composites: Used in automotive, aerospace, and construction for lightweight, high-strength materials.
• Food & Beverages: Acts as a stabilizer and emulsifier, also used for biodegradable packaging.
• Pharmaceuticals & Cosmetics: Biocompatible material for drug delivery and cosmetic formulations.
• Others: Includes electronics, textiles, paints, and coatings.

Regional Insights:

Which region leads the nanocellulose market?
Europe led the market in 2019 with a value of USD 108.77 million, driven by abundant wood supply in Eastern Europe and strong manufacturing sectors like automobiles, textiles, and cosmetics.

Which regions are expected to see significant growth?
Asia-Pacific, valued at USD 43.16 million in 2019, is projected to grow rapidly due to the presence of key industries in countries such as China, South Korea, and India, including food, cement, textiles, and paper.

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.

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The global   agricultural surfactants market   size was USD 1,392.8 million in 2019 and is projected to reach USD 1,927.5 million by 2027, exhibiting a CAGR of 5.1% during the forecast period. The growth is attributed to the increasing population rate and the growing demand for crop protection that is driving the adoption of advanced agricultural surfactants globally. This information is published by Fortune Business Insights, in its latest report.

Surfactants are surface-acting agents that lower water surface tension. In agriculture, they enhance the efficiency of pesticides, ensuring better crop protection. According to EU data, France sold about 82 million kg of pesticides in 2018. Rising agrochemical demand, supported by precision farming and modern cultivation practices, is expected to drive the agricultural surfactants market growth.

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DRIVING FACTORS:

What is driving the growth of the agricultural surfactants market?
The rising global population, expected to reach 8.5 billion by 2030 and 9.7 billion by 2050, is boosting food demand. This pushes agriculture to focus on higher-quality yields, increasing the need for advanced agricultural surfactants. Supportive government regulations promoting sustainable farming and greater emphasis on crop protection are also contributing to market growth.

SEGMENTATION:

By Type:
Which type of surfactant dominates the market?
The non-ionic segment holds the largest share and is expected to remain dominant due to its neutral nature, stability in cold water, low toxicity, and strong dispersing ability. Non-ionic surfactants are compatible with herbicides, fungicides, insecticides, and plant growth regulators.

By Application:
Which application segment leads the agricultural surfactants market?
The herbicides segment dominates as surfactants improve spraying efficiency, reduce wastage, and allow herbicides to target unwanted plants without harming crops. Growing demand from forestry, pasture systems, and wildlife habitat management also supports market growth.

REGIONAL INSIGHTS:

Which region leads the agricultural surfactants market?
North America leads due to technological advancements in agriculture, including genetically modified seeds and sustainable farming practices. The market in North America was valued at USD 582.9 million in 2019.

How is the Asia-Pacific market performing?
The Asia-Pacific market is expected to grow rapidly due to its large population and increasing demand for high-quality food in countries like China, India, and Japan.

COMPETITIVE LANDSCAPE:

Product Innovations by Key Players to Brighten Their Market Prospects

The global agricultural surfactants market comprises small, medium, and large companies that are focusing on adopting organic and inorganic strategies to maintain their presence. These companies are developing innovative agricultural surfactants to cater to the growing demand from farmers. Furthermore, other key players are striving to maintain a stronghold by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the market growth. 

Industry Development:

• March 2020 -   Wilbur-Ellis Company announced the launch of a unique blend of surfactants, EMBRECE-EATM. The agricultural surfactant is designed to improve the performance of fungicides, miticides, and insecticides by increasing the wetness and spread of the spray materials.

List of Companies Profiled in the Global Market for Agricultural Surfactants:

• BASF SE (Ludwigshafen, Germany)
• AkzoNobel (Amsterdam, Netherlands)
• Evonik (Essen, Germany)
• Solvay (Brussels, Belgium)
• Huntsman Corporation (Texas, the U.S.)
• Nufarm (Melbourne, Australia)
• Clariant (Muttenz, Switzerland)
• Helena Chemical Company (Tennessee, U.S
• Croda International (Snaith, UK)
• Wilbur-Ellis Company (San Francisco, the U.S.)
• Stepan Company (Florida, the U.S.)
• Nouryon Company (Amsterdam, Netherlands)
• Other Key Players

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The global   atmospheric water generator market   size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027, exhibiting a CAGR of 18.1% during the forecast period. Atmospheric water generators (AWGs), also called air-to-water systems, produce clean water by extracting moisture from the surrounding air. They typically use either a refrigerant or a desiccant to condense water vapor, operating on the principle of latent heat. The quantity and speed of water production depend on the air’s relative humidity and temperature, making these systems most effective in regions with humidity levels above 30%.

The Atmospheric Water Generator (AWG) market is witnessing steady growth as global demand for alternative, sustainable water sources increases. AWGs produce potable water directly from atmospheric moisture, offering a reliable solution to water scarcity in arid and semi-arid regions. These systems are especially relevant for remote locations, disaster relief operations, and military applications, where conventional water infrastructure is limited. Rising concerns over groundwater depletion, climate change, and water contamination are driving the adoption of this technology.

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Segmentation Analysis:

By Product Type: Cooling condensation technology remains the most widely adopted product type in atmospheric water generator (AWG) manufacturing.

1. How does it work?

• Refrigerant cools the air below the dew point.
• Condensate is collected in a holding tank.
• Water is further purified and filtered to eliminate viruses, bacteria, and other contaminants.

2. Why is it preferred?

• More economical in   hot and humid climates .
• Easy to install and maintain , making it suitable for industrial, commercial, and residential use.
• Increasing adoption across regions facing water stress.

By Application: The industrial or large-capacity segment accounted for the largest market share (74.5%) in 2019.

1. Why does the industrial sector dominate?

• Manufacturing industries consume large amounts of water.
• According to UN Water, industries use over 19% of global water, and this share will rise by 2030.
• Industries are shifting toward sustainable and cost-effective solutions, such as AWGs, to reduce dependence on surface and groundwater resources.

Drivers & Restraints-

Key Market Drivers

• Decline in freshwater sources: Rapid urbanization and industrialization reduce available water reserves.
• Environmental regulations: Governments are imposing strict norms on water safety, encouraging adoption of AWGs.
• Technological innovation: Smart technology integration and advancements in cooling condensation and wet desiccation improve efficiency.

Key Restraints

• High energy requirements: AWGs consume significant power, increasing operational costs.
• Carbon footprint concerns: Power consumption contributes to greenhouse gas emissions, which may limit adoption.

Regional Analysis-

The Middle East and Africa Dominated Market Owing to Extreme Water Scarcity

The weather conditions in the Middle East and Africa is majorly responsible for scarcity of water. The aforementioned regions are heavily dependent on desalination plants and water bottles to suffice to their daily needs. The use of air to water systems in this region helps this region to produce more potable water more economically. Therefore, this region dominated the market in 2019 and are likely to continue doing so in the coming years as well.

Significant Industry Developments of the Atmospheric Water Generators Market are:

December 2019 –  GENAQ Technologies S.L. showcased their air generators in the largest building and construction event called “The Big 5” in the Middle East. It also promoted the S50 generator and provided brief information on air and water technologies .

Some of the Key Players of this Market include:

• Water-Gen Ltd. (North Carolina, USA)
• Akvosphere (West Bengal, India)
• Drinkable Air Technologies (Florida, USA)
• Eshara Water (Abu Dhabi, UAE)
• Water Technologies International, Inc. (Florida, USA)
• Clean Wave Products (USA)
• WaterMaker India Pvt. Ltd. (Maharashtra, India)
• Dew Point Manufacturing (British Columbia, Canada)
• PlanetsWater Ltd. (London, U.K.)
• Eurosport Active World Corporation (Florida, USA)
• Others

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The global  flame retardant market   size was valued at USD 7.09 billion in 2019 and is projected to reach USD 11.17 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. Flame retardants are chemicals added to flammable materials such as plastic, coatings, textiles, and others to prevent fire incidents. Flame retardants are also added to products such as electric wires, computers, mattresses, foams, automobile parts, and others for protection against fire. A recently published report by Fortune Business Insights, titled, “Flame Retardant Market Size, Share & Industry Analysis, By Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorous Compounds, and Others), By End User (Automotive, Construction, Wire & Cable, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2025-2032.”

The Report Answers the Following Questions:

• What is the competitive landscape of the market?
• How will end-user applications help promote growth?
• What are the key strategies adopted by players in this market?
• What are the significant industry developments in this market?

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Drivers & Restraints:

Why is the flame retardant market growing?

• Stringent fire safety regulations are a major driver, compelling manufacturers to use flame retardants in a wide range of products.
• Rising consumption of brominated compounds in consumer and industrial products further boosts demand.
• Development of advanced synergists (innovative additives that enhance flame-retardant performance) is expected to accelerate market expansion.

What factors could restrain the market?

• 
  

  Growing health and environmental concerns have led to restrictions on conventional flame retardants.

• 
  

  These regulations may temporarily slow market growth.

• 
  

  However, the increasing imposition of fire safety norms creates new opportunities as manufacturers shift toward safer, eco-friendly solutions.

Segmentation Analysis:

Which segment holds the largest share?

• 
  

  The antimony oxides segment held the highest market share in 2019 (26.6%).

Which segment is expected to dominate in the future?

• 
  

  The aluminium trihydrate (ATH) segment is projected to lead during the forecast period because it does not emit toxic smoke while burning, making it the preferred choice in multiple applications.

Regional Analysis:

Which region leads the market?

• Asia Pacific dominated the market in 2019 with USD 3,173.7 million revenue, driven by a strong electronics manufacturing base and rising construction activities.

Which regions will grow significantly in the future?

• North America – Strong growth expected due to mandatory fire safety regulations across industries.
• Europe – Significant rise in adoption due to growing use of flame retardants in the automotive sector.

Competitive Landscape:

Companies Investing Heavily on Innovative Product Development

Most of the global flame retardant market manufacturers are engaging in the development of product innovation and development, and are therefore investing heavily in the same. The others are focusing on manufacturing halogen-free flame retardants for gaining a significant position in the market.

Major Industry Developments of the Market for Flame Retardant include:

• December 2018:  LANXESS will invest US$222.3 million in flame retardant products. The company will invest this amount in its plants located in the U.S., Germany, and the UK. The investment will substantially strengthen the company's presence.
• September 2016:  ICL Group, a major producer of bromine and bromine-based products, is increasing its bromine compound capacity. The expansion involves an increase in production capacity by 50% of FR1025, an eco-friendly polymeric flame retardant for application in the automotive industry.

Some of the Key Players of the Flame Retardant Market include:

• Thor (UK)
• Italmatch Chemicals S.p.A. (Italy)
• Huber Engineered Materials (United States)
• Kisuma Chemicals (Netherlands)
• Nabaltec AG (Germany)
• Dow (United States)
• Akzo Nobel N.V. (Netherlands)
• BASF SE (Germany)
• ICL Group (Israel)
• Lubrizol Corporation (United States)
• Clariant (Switzerland)
• LANXESS (Germany)
• Others

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The global   dimethyl carbonate market  was valued at USD 812.7 million in 2023 and is expected to grow from USD 873.5 million in 2024 to USD 1,506.7 million by 2032, with a compound annual growth rate (CAGR) of 7.1% over the forecast period. In 2023, the Asia Pacific region dominated the market, holding a 59.57% share.

Dimethyl carbonate is a clear, flammable organic liquid widely used as a solvent and chemical intermediate in the production of polycarbonate plastics, pharmaceuticals, and lithium-ion battery electrolytes. It is also recognized as an environmentally friendly alternative to phosgene and methyl halides in methylation and carbonylation reactions. A key driver of the DMC market is the increasing demand for lithium-ion batteries, particularly in the electric vehicle (EV) sector.

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Segmentation Analysis:

What are the main applications of DMC (Dimethyl Carbonate)?
A:   The primary applications of DMC include:

• Battery Electrolyte:   Widely used in lithium-ion battery production, especially for electric vehicles (EVs), due to its critical role as an electrolyte component.
• Solvent for Paints & Coatings:   Preferred in paints and coatings as a low-VOC solvent, supporting sustainable manufacturing.
• Pharmaceuticals:   Used in drug formulation and as a reagent in organic synthesis.
• Pesticides:   Incorporated in agrochemical formulations because of its low toxicity and environmentally friendly profile.
• Others:   Applied in adhesives, fuel additives, and plastic manufacturing.

Q2: Which end-use industries are driving DMC demand?
A:   Key end-use industries include:

• Automotive:   The global shift toward EVs is boosting demand for lithium-ion batteries, where DMC is a critical component.
• Pharmaceuticals:   Non-toxic properties and usefulness in drug synthesis increase its adoption.
• Paints & Coatings:   Growing demand for sustainable, eco-friendly chemicals fuels DMC usage.
• Agriculture:   Used in pesticide formulations, contributing to demand in this sector.

Q3: How is the DMC market segmented by region?
A:   Regional demand patterns are:

• Asia-Pacific:   The largest market due to high lithium-ion battery production in China and rising demand for paints, coatings, and pharmaceuticals.
• North America:   Growth driven by increasing EV adoption and environmental regulations favoring green chemicals.
• Europe:   Strict VOC emission and industrial solvent regulations boost DMC demand.
• Rest of the World (RoW):   Includes Latin America, the Middle East, and Africa, with moderate growth expected from emerging industrial applications.

Key Trends:

• Sustainability and Environmental Concerns:   As industries shift towards greener solutions, DMC's non-toxic and biodegradable properties make it a preferred choice in various applications.
• Electric Vehicles Boom:   The rise in the production of electric vehicles, particularly in Asia-Pacific and Europe, is driving the demand for lithium-ion batteries, which in turn increases the demand for DMC.
• VOC Regulations:   Increasing regulations around VOC emissions, especially in the coatings and paints industry, are boosting the adoption of DMC as a low-emission solvent.
• Technological Advancements:   Advancements in chemical synthesis and the development of innovative DMC derivatives are expected to open new opportunities for the market.

Competitive Landscape:

The Dimethyl Carbonate market is characterized by the presence of several key players, including both established companies and new entrants. Some of the major players in the market include:

LIST OF TOP DIMETHYL CARBONATE COMPANIES:

• UBE Corporation (Japan)
• LOTTE CHEMICAL CORP. (South Korea)
• KOWA AMERICAN Corporation (U.S.)
• Kishida Chemical Co., LTD. (Japan)
• Shandong depu chemical industry science&technology co.,ltd (China)
• Merck KGaA (Germany)
• Tokyo Chemical Industry (India) Pvt. Ltd. (India)
• Shandong Haike Holding Co., Ltd (China)
• SANKYO CHEMICAL CO.,LTD. (Japan)
• SMC GLOBAL (U.S.)

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The global   carbon offsets market   size was valued at USD 1,064.81 billion in 2023 and is projected to grow from USD 1,205.40 billion in 2024 to USD 3,230.29 billion by 2032, exhibiting a CAGR of 13.1% during the forecast period. The carbon offsets market is gaining momentum as nations, corporations, and individuals commit to reducing greenhouse gas (GHG) emissions and achieving net-zero targets. Carbon offsets are tradable certificates that represent the reduction or removal of one metric ton of CO₂ (or its equivalent) from the atmosphere. They are generated through projects such as reforestation, renewable energy deployment, methane capture, and energy efficiency initiatives.

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Segmentation Analysis:

By Type:  The market is segmented into compliance and voluntary markets. The compliance segment dominated in 2023, driven by government regulations under the Paris Agreement and rising greenhouse gas emissions. Companies are increasingly investing in carbon offset projects to meet emission limits and generate revenue through carbon credit trading.

By Project Type:  The market is divided into avoidance/reduction and removal/sequestration projects. Avoidance/reduction projects held the largest share in 2023, supported by growing initiatives across Europe, Asia Pacific, and North America to curb carbon emissions and protect the ozone layer.

By End-user:  Key end-users include renewable energy, forestry & land, industrial, household & appliances, transportation, and others. Renewable energy led the market in 2023 due to rising CO2e emissions and their health impacts. Investments in hydro and wind projects are reducing dependence on fossil fuels, driving this segment’s growth.

What factors are driving the market growth?

The market is primarily driven by global climate agreements such as the Paris Accord, which require countries to reduce emissions. Companies are adopting carbon offsets to meet corporate net-zero and ESG commitments, which also strengthens their brand image. Rising CO₂ emissions from industrial activities and energy consumption have increased the urgency for emission mitigation solutions. Additionally, the expansion of renewable energy projects has boosted the supply of carbon credits, making them more accessible to businesses and individuals.

Competitors Landscape:

The realm of Carbon Offsets 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.

List of the Key Players in the Carbon Offsets Market:

• Carbon Credit Capital (U.S.)
• Native (U.S.)
• Green Mountain Energy Company (U.S.)
• EcoAct (U.K.)
• Greenfleet (U.S.)
• ALLCOT (Switzerland)
• 3Degrees Group, Inc. (U.S.)
• WayCarbon (Brazil)
• South Pole (Switzerland)
• TerraPass (U.S.)

Key Industry Development:

• May 2024:   3Degrees introduced the   Smart Launch Solution   to help organizations meet Scope 3 emission targets. It combines carbon credits, Renewable Natural Gas (RNG) certificates, and program management tools for efficient implementation.
• April 2024:   South Pole and GenZero launched the   Asia Centre of Carbon Excellence (ACCE)   in Singapore to scale high-impact carbon credit projects and accelerate climate action in Asia.

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The global   textile recycling market   size was valued at USD 5.76 billion in 2023. The market is projected to grow from USD 6.08 billion in 2024 to USD 8.49 billion by 2032 at a CAGR of 4.3% during the forecast period.

Textile recycling is the process that deploys discarded or used apparel, clothing, and fibrous material from eco-friendly and reusable products. The growing consumption of recycled textile products in the end-use industry, coupled with the increasing awareness of sustainable production, is augmenting market expansion.

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

List of Key Players Mentioned in the Report:

• LENZING AG (Austria)
• Birla Cellulose (India)
• Brandeur (India)
• The WoolMark Company (Australia)
• iinouiio Ltd (England)
• ECOTEX COLLECT (Bulgaria)
• The Boer Group (Netherlands)
• UNIFI, Inc., (U.S.)
• Hyosung Group (South Korea)
• Martex Fiber (U.S.)

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Segmentation:

Usage of a Huge Amount of Polyester by a Large Population to Spur the Polyester & Polyester Fiber Segment Growth

In terms of material type, the market is divided into wool, polyester & polyester fiber, nylon & nylon fibers, cotton, and others. The polyester & polyester fiber segment accounted for the largest textile recycling market share in 2023. The consumption of a huge amount of polyester in the form of disposable bottles, tires, and other home-furnishing products by a large population is fostering the polyester & polyester fiber segment expansion.

Flourishing Machinery & Equipment Sector to Drive the Mechanical Segment Expansion

By process, the market is bifurcated into chemical and mechanical. The mechanical segment registered the largest share in 2023. The expansion of the machinery & equipment sector is boosting the mechanical segment growth.

Apparel Waste Segment Dominated Due to the Large Waste Generation Amount

With respect to end-use industry, the market is divided into home furnishing waste, apparel waste, and others. The apparel waste segment captured the largest share in 2023. The large amount of waste generated by the rising population globally is propelling the growth of the apparel waste segment.

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

Drivers and Restraints:

Growing Use of Recycled Fiber Blends to Accelerate Market Growth:  A major driver for the textile recycling market is the increasing deployment of recycled fiber blends across end-use applications. These blends are cost-effective and eco-friendly, making them highly suitable for manufacturing casual apparel such as sleepwear, t-shirts, and sweatshirts.

Q: Why are recycled fiber blends gaining popularity?
A: Because they reduce manufacturing costs, minimize environmental impact, and meet growing consumer demand for sustainable products.

Challenge: Hazardous Chemicals in Recycling Process:  Despite the benefits, the use of hazardous chemicals during textile recycling poses a restraint to market growth. These chemicals can have adverse effects on both the environment and workers’ health, which may hinder large-scale adoption.

Q: What is a key challenge faced by the textile recycling market?
A: The potential environmental and health risks associated with hazardous chemicals used in recycling processes.

Regional Insights:

Asia Pacific Dominates the Market:  Asia Pacific led the global textile recycling market in 2023, valued at   USD 2.59 billion. Countries such as China and India generate a massive volume of textile waste, driving numerous recycling projects across the region.

Q: Why does Asia Pacific hold the largest share?
A: Due to high textile waste generation and the growing number of recycling initiatives in major economies like China and India.

Europe Witnessing Rapid Growth:  Europe is experiencing strong growth, supported by increasing awareness campaigns and rising demand for sustainable textiles. The push for circular economy practices further fuels the adoption of recycled fabrics.

Competitive Landscape:

Focus on Product Innovation and Strategic Collaborations:  Leading companies such as   Birla Cellulose, iinouiio Ltd, The WoolMark Company, and LENZING AG   are focusing on joint ventures, partnerships, mergers, and acquisitions to strengthen their market presence. Many players are also investing heavily in product innovation to introduce better-quality recycled fibers and capture a larger share of the market.

Q: How are key players strengthening their positions?
A: Through mergers, acquisitions, partnerships, and launching innovative recycled textile products.

Key Industry Development:

October 2023 –   Birla Cellulose announced the release of the eco-friendly circular yarn blend. The product is meant for newly manufactured textile products, including pants, t-shirts, and other clothing products.

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