The Global Water Purifier Market has recently been analyzed and explored by   Fortune Business Insights™   in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Water Purifier Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Water Purifier Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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Forecast Growth Projected:

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

Segmentation Analysis:

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

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

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

List of the Key Players in the Water Purifier Market:

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

Competitors Landscape:

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

Key Industry Developments:

• 
  

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

• 
  

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

What are the New Additions in Water Purifier Market Report?

Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

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The Global Digital Printing Ink Market has recently been analyzed and explored by   Fortune Business Insights™   in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Digital Printing Ink Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Digital Printing Ink Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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Forecast Growth Projected:

The global digital printing ink market size was valued at USD 3.21 billion in 2022 and is projected to grow from USD 3.43 billion in 2023 to USD 5.54 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period.

Digital Printing Ink Market Segmentation Analysis:

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

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

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

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

Competitors Landscape:

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

Key Industry Developments:

• 
  

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

• 
  

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

What are the New Additions in Digital Printing Ink Market Report?

Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.

Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.

Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.

Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.

Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.

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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.

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

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This Report Addresses the Following Factors:

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

Drivers & Restraints-

Increasing Demand from Packaging Industry to Propel Growth

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

Segment-

Petroleum Segment to Grow Considerably Backed by Rising Usage of Paraffin

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

Regional Analysis-

Asia Pacific to Lead Stoked by Abundant Availability of Raw Materials

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

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

Competitive Landscape-

Key Players Focus on Manufacturing New Products to Intensify Competition

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

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

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

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

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

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Segmentation Analysis:

• 
  

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

• 
  

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

• 
  

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

Drivers and Restraints:

Technological Advancements in the Product to Augur Growth

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

Regional Analysis:

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

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

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

Competitive Landscape:

Product Launches by the Companies to Stoke Demand

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

List of the Companies Operating in the Market:

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

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

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

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Regional Segmentation:

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

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

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

Market Drivers:

Increasing Popularity of Hybrid Vehicles will Add Impetus to Market

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

Competitive Landscape:

Companies Expanding Base in China to Earn High Revenue

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

List of Permanent Magnet Market Manufacturers include:

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

Major Industry Developments of the Market include:

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

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The global thermoform packaging market size was valued at USD 48.50 billion in 2022 and is projected to grow from USD 51.96 billion in 2023 to USD 88.50 billion by 2030, exhibiting a CAGR of 7.91% during the forecast period. Thermoform packaging is a molded product. It is shaped through the process of heating a plastic sheet until it becomes flexible and takes on the desired shape. The market is likely to gain traction over the forecast period owing to the growing utilization of thermoform packaging products in the food industry as well as the pharmaceutical industry.

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

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Segmentation:

Plastic Segment to Lead due to its Effective Barrier Properties

On the basis of material, the market is divided into paper and plastic. The plastic segment is likely to maintain its leadership due to the ability of the plastic materials to provide a robust barrier against external factors such as moisture, air, and temperature variations.

Trays & Lids Segment to Dominate due to Continuous Product Innovation and Launches

Based on product type, the market is fragmented into cups & bowls, blisters, clamshells, trays & lids, containers, films, and others. The trays & lids segment is expected to dominate the market. The growth is due to a continuous flow of innovative product offerings and launches by manufacturers to meet the changing preferences of consumers.

Food & Beverages   Segment to Maintain its Leadership owing to the Rising Adoption of Thermoformed Products

In terms of application, the market is divided into pharmaceuticals, personal care & cosmetics, electrical & electronics, home care & toiletries, food & beverages, and others. The food & beverages segment is poised to dominate the market due to the rising adoption of thermoformed products by manufacturers for food packaging.

On the basis of geography, the market has been studied across Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America.

Report Coverage:

The report offers an in-depth analysis of the primary factors that will contribute to industry growth in the upcoming years. It provides insights into the most current market trends and spotlights key developments within the industry. Additionally, the report discusses the impact of the COVID-19 pandemic on market growth.

Drivers and Restraints:

Rapid Expansion of Pharmaceutical Industry to Promote Market Growth

The remarkable growth of the pharmaceutical sector, particularly in emerging markets such as China, India, and Brazil is a primary driver of market expansion. This growth stems from the increasing need for pharmaceutical drugs. As pharmaceutical production and distribution escalate to meet these demands, the requirement for cost-effective and sustainable packaging solutions such as thermoformed packaging products intensifies, supporting market growth.

However, the shift toward biodegradable materials, heightened consumer environmental awareness, and stringent regulations could hinder the thermoform packaging market growth.

Regional Insights:

North America Positioned as a Key Region Due to Rising Consumption of Bakery & Confectionery Products

North America holds a prominent thermoform packaging market share in the global market. The rising consumption of bakery & confectionery, processed food products, and frozen meat, adds to the growth of thermoform packaging in this region.

Europe rapidly advances as the fastest-growing region in the global market. The growth is propelled by the pharmaceutical sector's expansion in major European countries.

Competitive Landscape:

Leading Industry Players Implement Strategic Initiatives to Increase Their Market Presence

Prominent industry players in the market are proactively implementing strategic moves to enhance and consolidate their standing within the sector. These strategic actions are pivotal for upholding competitiveness and broadening their impact on the market.

Key Industry Development:

• Feb 2023:   Neste partnered with ILLIG to promote sustainable thermoformed plastic packaging by combining recycled material expertise with advanced thermoforming systems.
• Jul 2021:   AR Packaging launched Ecoflex mono-material for thermoform packaging, offering cost-effectiveness and improved performance on existing lines.

List of Key Players Mentioned in the Report:

• Huhtamaki Oyj (Finland)
• AFG Packaging (Italy)
• CJK Packaging (U.S.)
• Amcor Plc (Switzerland)
• Anchor Packaging (U.S.)
• Berry Global Inc. (U.S.)
• Sealed Air Corporation (U.S.)
• Sonoco Products Company (U.S.)
• Du Pont (U.S.)
• WestRock Company (U.S.)
• EasyPak (U.S.)
• DS Smith Plc (U.K.)
• Tekni-Plex Inc. (U.S.)
• Constantia Flexibles Group (Austria)
• Display Pack Inc. (U.S.)

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

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

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Segmentation:

Polyurethane to Gain Traction for Their Attractive Properties

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

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

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

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

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

List of the Key Players in the Sandwich Panel Market:

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

Report Coverage:

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

Drivers and Restraints:

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

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

Regional Insights:

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

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

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

Competitive Landscape:

Companies to Adopt Strategic Planning to Fortify Market Competition

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

Key Industry Development:

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

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The global methanol market is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. The main reason for this is that methyl alcohol reduces the emissions of carbon dioxide in the atmosphere. This information is given by   Fortune Business Insights™   in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2025-2032" The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.

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Segmentation Analysis:

Formaldehyde Segment to Grow Rapidly Fueled by Increasing Demand from Multiple Industries

Based on derivatives, the market is segregated into solvent, MTO/MTP, biodiesel, gasoline blending, DME, MTBE, acetic acid, formaldehyde, and others. Out of these, the acetic acid segment held 5.4% in terms of methanol market share in 2019. The formaldehyde segment is likely to be the largest throughout the forthcoming years owing to their high demand from a wide range of industries, such as textile, automobile, and construction.

Regional Analysis:

Rising Production of Green Fuels to Favor Growth in North America

Geographically, in 2019, Asia Pacific procured USD 17.94 billion in terms of revenue. It is anticipated to be the major contributor to the market growth backed by the persistent expansion of the construction and automotive industries. China is a significant consumer and manufacturer of methanol derivatives. North America, on the other hand, is set to exhibit high growth stoked by the rising fuel blending and the increasing production of green fuels in this region.

Drivers & Restraints:

High Demand from Automotive & Construction Industries to Aid Growth

Heavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution. They often result in global warming and rapid changes in climate. Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions. Methyl alcohol is also used extensively as a transportation fuel owing to its possession of multiple properties. When mixed with gasoline, it reduces the toxic emissions. Apart from that, its high demand from construction and automotive industries would also contribute to the methanol market growth in the coming years. However, the outbreak of the COVID-19 pandemic is expected to affect the market negatively as the manufacturers have shut down their plants temporarily.

Competitive Landscape:

Key Players Focus on Forming Joint Ventures with Others to Intensify Competition

The global market contains many companies, out of which, most of them are participating in acquisitions, mergers, and joint venture strategies. A few others are focusing more on expanding their production capacities to meet the high consumer demand.

Fortune Business Insights profiles some of the prominent companies operating in the Methanol Market. They are as follows:

• Methanex Corporation (Canada)
• HELM AG (Germany)
• Southern Chemical Corporation (U.S.)
• SABIC (Saudi Arabia)
• Mitsubishi Gas Chemical Company, Inc. (Japan)
• Zagros Petroleum(Iran)
• PETRONAS (Malaysia)
• Mitsui & Co., Ltd. (Japan)
• Celanese Corporation (U.S.)
• BASF SE (Germany)
• Simalin Chemical Industries Pvt. Ltd. (India)
• Other Players

Key Industry Development:

• September 2024-  Methanex agreed to acquire OCI Global’s international methanol business for $2.05 billion, expanding its global presence.
• July 2024-  Methanex’s Geismar 3 plant in Louisiana began production with a 1.8 million-tonne capacity and one of the industry’s lowest emission profiles.

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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 –

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