According to Fortune Business Insights the global plastics market size was valued at USD 524.48 billion in 2024. The market is projected to grow from USD 533.59 billion in 2025 to USD 754.23 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. Engineering plastics offer superior strength, thermal stability, and cost-efficiency, driving demand across industries like automotive, machinery, and construction.
Plastics are polymers that are versatile, easy to produce, moldable, waterproof in nature, low cost, and lightweight, used to produce different products such as spacecraft and others. The plastics produced using renewable biomass sources, including vegetable oil, sawdust, food waste, and corn starch, are known as bioplastics. The increasing demand for high-performance plastic packaging solutions integrated with growing technological advancement to protect products is boosting the plastics market growth.
Fortune Business Insights™ mentioned this in a report titled " Plastics Market, 2025-2032 .".
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Segments:
Rising Adoption of Packaging Products to Boost Segment's Growth
By type, the market is segmented into polyethylene, polyethylene terephthalate, polyvinyl chloride, polypropylene, polyamide, acrylonitrile butadiene styrene, polycarbonate, polyurethane, polystyrene, and others. Polyethylene and polypropylene are estimated to dominate the market during the forecast period attributed to their rising demand from packaging and automotive.
Increasing Food and Beverage Industry to Propel Segment's Growth
Based on end-use industry, the market is classified into automotive & transportation, packaging, consumer goods/lifestyle, infrastructure & construction, healthcare & pharmaceutical, electrical & electronics, textile, and others. The packaging segment is estimated to hold the largest market share during the forecast period due to the increasing use in producing construction products including floor covering, windows, fittings, and pipes.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Increasing Packaging Industry Demand for Plastics to Drive Market Growth
The demand for plastics is rising across various industries, including food & beverage, automotive, consumer goods, and electrical and electronics. The rising need for packaging from the food & beverage industry is boosting the market growth during the forecast period. The demand for plastics is increasing due to their ability to act as a barrier between the external environment and food products.
Regional Insights:
High Availability of Raw Materials to Propel Market in Asia Pacific
Asia Pacific will hold the largest plastics market share during the forecast period, accounting for USD 316.10 billion in 2022. China will lead the region due to high availability of raw materials at low rates. Strong construction and packaging industry growth will propel market growth in Asia Pacific.
North America is estimated to have substantial growth in the market due to increasing demand from the automobile industry in the region during the forecast period.
Competitive Landscape:
Key Players Focus on Partnership to Aid Market Growth
Most of the major key players in the market have worldwide presence. The key players are adopting collaborative strategies to maintain their position in the market during the forecast period. For instance, ExxonMobil is adopting joint ventures and new product development strategies to expand its business worldwide.
Key Industry Development:
January 2022 – The Reclay Group, a world leader in environmental and material recovery management, and Borealis, a leading advanced and circular polyolefin solutions producer, partnered to meet the rising demand for recyclate material for high-end plastic applications. The partnership is estimated to help consumers accomplish their sustainability goals.
List of Key Players Present in the Report :
- LyondellBasell Industries N.V. (Netherlands)
- ExxonMobil Chemical (U.S.)
- China National Petroleum Corporation (China)
- INEOS (U.K.)
- China Petroleum & Chemical Corporation (China)
- SABIC (Saudi Arabia)
- Ducor Petrochemicals (Netherlands)
- Reliance Industries Limited (India)
- Formosa Plastic Group (Taiwan)
- Total S.A. (France)
- Braskem (Brazil)
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According to Fortune Business Insights the global activated carbon market size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2025-2032."
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Segmentation:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market’s drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
Regional Insights:
Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries
Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries – India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.
North America has also showcased major growth as this product is being widely used in air and water purification applications.
Competitive Landscape:
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence
Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.
Notable Industry Development:
-
May 2024 – Kuraray Co., Ltd., in collaboration with its U.S. subsidiary Calgon Carbon Corporation, announced plans to acquire the industrial reactivated carbon business of Sprint Environmental Services, LLC.
March 2023 – Cabot Corporation introduced the EVOLVE technology program, aimed at promoting sustainable reinforcing carbons. This initiative focuses on recovering carbon materials from end-of-life tires, helping to reduce waste and lower overall carbon emissions.
List of Key Companies Profiled In the Report:
- Osaka Gas Chemicals Co., Ltd. (Japan)
- Donau Carbon GmbH (Germany)
- Cabot Corporation (U.S.)
- PURAGEN ACTIVATED CARBONS (U.S.)
- CARBOTECH AC GMBH (Germany)
- Kuraray Co., Ltd. (Japan)
- KUREHA CORPORATION (Japan)
- Activated Carbon Technologies (Australia)
- Silcarbon Aktivkohle GmbH (Germany)
- Ingevity (U.S.)
- Iluka Resources (Australia)
- James Cumming & Sons (Australia)
- Universal Carbons (India)
- Carbon Activated Corporation (U.S.)
- Tronox (U.S.)
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According to Fortune Business Insights the global membranes market size was valued at USD 8.27 billion in 2024. The market is projected to grow from USD 8.79 billion in 2025 to USD 14.21 billion by 2032, exhibiting a CAGR of 7.0% during the forecast period. Membranes refers to barrier films that enable passing of selected particles and molecules depending on their size. The substantial investment by key players in the regional market to maintain competitive edge, further driving the market growth.
The COVID-19 pandemic had a negative impact on the market growth owing to the disruptions in production activities that substantially impacted the economies globally resulting in the economic slowdown.
Fortune Business Insights™ mentions this in a report titled, “ Membranes Market, 2025-2032 .”.
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Segmentations:
Polymeric Segment Dominates the Market Owing to Large Use of Polymeric Materials
By materials, the market is classified into polymeric, ceramic, and others. The polymeric segment accounted for the largest membranes market share in 2023 due to the large use of polymeric materials in membranes production, such as cellulose acetate, polyacrylonitrile, high-density polyethylene, polysulphone, polyethylsulphone, polytetrafluroethylene, polystyrene, polyamide, and polyvinylidene difluoride.
RO/FO Segment Leads the Market Due to its Wide Adoption of Cost-effective Technology
Based on technology, the market is classified Ro/FO, UF, NF, MF, and others. The RO/FO technology is dominating the market and is anticipated to grow during the forecast period with large adoption of the RO/FO technology in the wastewater and water treatment.
Water & Wastewater Treatment Segment Dominated Due to Increasing Water Pollution
On the basis of application, the market is segmented into water & wastewater treatment, food & beverage, gas separation, and others. In 2023, the water & wastewater treatment segment led the market and is expected to maintain its dominance during the projected period owing to the increasing water pollution due to rapid urbanization and industrialization.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints:
Increasing Water Pollution to Propel Market Growth
The increasing water pollution due to the rapid industrialization and urbanization in the developing nations and increasing pressure on the water resources to boost membranes market growth. The strict regulations for industry discharge to stop water pollution by lawmakers owing to the surging environmental concerns boost the adoption of membranes.
However, the surge in energy consumption and spoiling stream and water quality due to fouling hinder market growth.
Regional Insights:
Presence of Emerging Economies Drive Asia Pacific Market Expansion
In 2023, Asia Pacific dominated the market. The growth of the region is attributed to the presence of the emerging countries, including India and China, in terms of growth. China held the largest market share in the region in 2023 due to the surging number of regulations to protect natural water bodies.
Europe is the second dominating region in the market owing to the surging awareness related to the water scarcity problems and government initiatives to protect freshwater sources.
Competitive Landscape:
Growing Investments by Major Players on Research and Development Activities to Drive Market Growth
The major players in the membranes market are DuPont, KOCH, GE, and others. These key players are focusing on investment in research and development activities to maintain competitive edge, further propelling market growth.
Key Industry Development:
April 2023 – Dupont announced the acquisition of Desalitech, OxyMem Limited, Memcor, and inge GmbH. The acquisition of these four companies will substantially improve its water purification and separation technologies business by adding ultrafiltration, reverse osmosis, and ion exchange driving its product portfolio.
List of Key Players Present in the Report :
- TORAY INDUSTRIES, INC. (Japan)
- DuPont (U.S.)
- SUEZ (France)
- KOCH (U.S.)
- Pentair plc (U.S.)
- TOYOBA (Japan)
- Hydranautics – A Nitto Group Company (U.S.)
- Pall Corporation (U.S.)
- Seccua GmbH (Germany)
- Synder Filtration (U.S.)
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According to Fortune Business Insights the global paints and coatings market size was valued at USD 206.56 billion in 2023 and is projected to grow from USD 217.36 billion in 2024 to USD 303.97 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. The automobile, construction, timber, and transportation industries all frequently utilize paints and coatings. They are extensively utilized in the construction industry to shield buildings from damage from the outside. Also, the product has a wide range of uses in the decoration of commercial and residential structures and infrastructure, as well as in the automobile, maritime, industrial wood, and other industries.
Fortune Business Insights presents this information in their report titled "Paints and Coatings Market, 2025–2032."
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Segmentations:
Due to its Abrasion Resistance and Corrosion Resistance, Polyurethane Resin is Anticipated to Generate the Highest Revenue
By resin, the market is segmented into acrylic, alkyd, epoxy, polyurethane (PU), polyester, and others. Due to its adhesion, drying speed, relative resistance, and flexibility qualities, acrylic resin stands out among the competition and commands a substantial market share. This makes it ideal for use in paints and coatings.
Due to their Environmentally Friendly and VOC-Free Qualities, Water-Born Coatings to Hold Dominant Market Share
By product type, the market is classified into solvent borne, waterborne, powder coatings, UV coatings and others. Due to their expanding use in the wood, plastic, furniture, printing inks, and vehicle industries, waterborne coatings currently hold the biggest market share. The advantages of waterborne coatings, which include low VOC emissions, quick drying, and simpler application, are what is causing this market to flourish.
Growing Demand from the Building and Automotive Industries Will Cause the Architecture Sector to Show a Substantial CAGR
By application, the market is divided into architectural, industrial wood, marine, automotive OEM, automotive refinish, general industries, coil, protective coatings, packaging and others. Throughout the projected period, it is expected that the architectural segment will dominate in terms of revenue and volume. Paints and coatings are mostly used for ornamental purposes in architectural applications to protect non-residential and residential structures and buildings from UV radiation, environmental damage, and other factors.
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
However, producing thin coatings is challenging. The velocity and volume of powder applied to the substrate are challenging to regulate, which may hamper the paints and coatings market growth.
Regional Insights:
Asia Pacific Dominates the Market due to Growing Construction Activities
In terms of volume and revenue, Asia Pacific held the largest paints and coatings market share for 2022 and is likely to keep that position during the anticipated period. This is a result of expanding building and construction activity as well as the automotive industry in China, India, and Japan. Due to their use in covering both non-residential and residential infrastructures, paints & coatings are in higher demand.
Europe has a prominent position mainly due to growing demand from the automotive sector.
Competitive Landscape:
Major Industry Focus on Construction and Automotive to Strengthen Market Position for Key Players
The market for paints and coatings is cut-throat and fragmented, with major players like PPG Industries, Inc., Axalta Coating Systems, Nippon, Kansai (Kansai Paint Co., Ltd.), Jotun, the Sherwin-Williams Company, and AkzoNobel active in the sector. To preserve product quality and increase their regional presence, the majority of multinational firms have integrated their raw material production and sales activities. As a result, firms gain a cost advantage that boosts profit margins and offers them a competitive edge. Corporations are also placing a greater emphasis on their R&D activities to stay competitive and meet the evolving demands of end users.
Key Industry Development:
February 2023 – AkzoNobel Powder Coatings launched the Interpon Futura Collection, featuring three contemporary color palettes: Merging World, Healing Nature, and Soft Abstraction. Designed with sustainability in mind, the collection is free from solvents and volatile organic compounds (VOCs), aligning with AkzoNobel’s broader environmental goals.
February 2023 – PPG announced its agreement to acquire the powder coatings division of Arsonsisi, a leading industrial coatings manufacturer based in Milan, Italy. Arsonsisi is well known for its architectural and industrial specialty powder coatings.
List of Key Players Profiled in the Market Report:
- AkzoNobel (Netherlands)
- Kansai Nerolac Paints Limited (India)
- Kwality Paints and Coatings Pvt. Ltd. (KPCPL) (India)
- Nippon and Kansai (Kansai Paint Co., Ltd.) (Japan)
- The Sherwin-Williams Company (S.)
- NIPSEA GROUP (Singapore)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Jotun (Norway)
- Axalta Coating Systems (U.S.)
- TIKKURILA OYJ (Finland)
- Dunn-Edwards Corporation (U.S.)
- Asian Paints (India)
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According to Fortune Business Insights the global concrete blocks and bricks market size was valued at USD 350.80 billion in 2021. The market is projected to grow from USD 369.66 billion in 2022 to USD 566.41 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Concrete blocks and bricks are used in commercial, residential, and industrial construction.
Concrete blocks and bricks are widely used in residential, commercial, and industrial construction due to their numerous advantages. When proper construction parameters are followed, they offer excellent thermal resistance. These materials also help reduce construction time, as concrete brick manufacturing allows for more systematic, stronger, and faster construction compared to traditional plasterboard walls. Additionally, they are commonly used in building fireplaces, chimneys, and non-load-bearing walls because of their superior compressive strength, durability, cost-effectiveness, and environmentally friendly properties.
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Segmentation Analysis:
By Type, Cement Blocks to Gain Demand through 2029
On the basis of type, the market is segmented into cement block (hollow, fully solid, cellular) and brick (clay, fly ash clay, sand lime and others). Bricks are the oldest construction material and they are cheaper compared to other bricks. Fly ash clay bricks are highly improved, well quality bricks that are preferred over normal clay bricks. Concrete blocks are versatile and due to their wide variety of appearance, they are used heavily. These blocks are also called as Concrete Masonry Unit (CMU) or cinder blocks. Concrete blocks do not absorb heat so they require less insulation compared to other construction materials.
By Application, Residential Segment to Gain Traction over 2022-2029
In terms of application, the market is divided into residential, commercial, and institutional. Out of these, the residential segment is expected to grow. With increasing population, demand for renovation in urban areas and people opting to have nuclear families are likely to grow the market share. Additionally, governments worldwide have developed programs that are aimed at designing and building using resources that align with the concept of green construction.
List of Key Players Profiled in the Report
- Interstate Bricks (U.S.)
- Wallnett AAC Bricks Pvt. Ltd. (India)
- UltraTech Cement (India)
- CEMEX S.A.B. de C.V. (Mexico)
- LCC Siporex (Saudi Arabia)
- Midwest Block and Brick (U.S.)
- Magicrete Building Solutions (India)
- Monaprecast (U.K.)
- Midland Concrete Products (U.S.)
- Brickworks Limited (Australia)
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 :
Expansion of the Market due to Wider Concrete Blocks and Bricks Applications
The concrete blocks and bricks market growth is primarily driven by autoclaved aerated blocks and bricks. The blocks and bricks provide aesthetic appeal and strong architectural structure. The demand for autoclaved aerated blocks has increased significantly worldwide due to modular design. In modular building, the sections are assembled on site and built offsite. This fast pace approach increases the demand for the product.
Regional Insights :
Asia Pacific Registered Highest Market Share in 2021 due to Growing Infrastructure and Rising Population
The Asia Pacific market grew exponentially due to rise in population and growing infrastructure. China and India are the most populous in this region. Demand for apartments, bungalows, and buildings is pushing forward the market growth. Therefore, this results in the rising number of manufacturers of construction materials such as cement blocks and bricks.
North America accounted for a significant concrete blocks and bricks market share. Countries in the U.S. have greater per capita income. This leads to pressure on manufacturers to provide high-quality construction materials.
Key Industry Development:
April 2022 – Brickworks Limited announced plans to expand its presence in North Queensland by extending its manufacturing and distribution operations, aiming to maximize revenue growth.
January 2022 – CEMEX, S.A.B. de C.V. entered into an agreement with U.K.-based Breedon Group plc to sell selected assets. This strategic move is expected to enhance market revenue.
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According to Fortune Business Insights 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 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.
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Segmentation Analysis-
Paper and Packaging to Be the Fastest-growing Segment
Based on the application, the paper and packaging is estimated to be the fastest-growing segment with a market share of 23.0% in 2019. Increasing the utilization of cellulose nanocrystals in both paper and plastic-based packaging is driving the segment growth. Additionally, the segment held a share of 22.4% in Germany.
Based on type, the microfibrillated cellulose (MFC) segment is anticipated to hold a considerable nanocellulose market share owing to its applications in the manufacturing of nanocomposites, bio-based medical products, wood adhesives, super-capacitors, batteries, continuous fibers for textiles, and other products.
Regional Insights-
Europe is projected to dominate the global market with a value of USD 108.77 million in 2019. Its dominance is attributed to the high concentration of manufacturers in the region owing to the rising availability of wood in the Eastern Europe. In addition, the region is a manufacturing hub of automobiles, textiles, and cosmetics, which is estimated to further drive the growth of nanocellulose.
The market in Asia Pacific is not far behind as it is set to exhibit substantial growth in the forecast timeline with a value of USD 43.16 million in 2019. The presence of end-use industries, such as food, cement, textiles, and paper in China, South Korea, and India is anticipated to propel the demand for nanocellulose, driving its growth in the region.
A List of Key Manufacturers Operating in the Market-
- 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)
Competitive Landscape-
Key players operating in the global market are investing extensively in research and development in order to develop innovative products based on nanocellulose and upgrade the existing ones. This will help them gain prominence over other companies. For instance, in December 2020, Norske Skog announced the development of a new variant of CEBINA by replacing the suspension liquid with polymer instead of water. This enabled the use of CEBINA in epoxy floor coverings and adhesives.
Industry Developments-
- 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.
- In February 2020: GranBio Technologies, a subsidiary of GranBio, signed a supply partnership with Birla Carbon, an Indian company. Under this agreement, Birla Carbon will supply biomass-based nanocellulose for the replacement of carbon black, an oil by-product used in the tire & rubber industry.
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According to Fortune Business Insights the global ceramic inks market size was valued at USD 2.60 billion in 2023. The market is projected to grow from USD 2.79 billion in 2024 to USD 4.86 billion by 2032 at a CAGR of 7.3% during the forecast period. The global ceramic inks market is set to gain impetus from the emergence of the Drop on Request Ink-Jet Printing (DOD-IJP) technique. It helps in controlling the manufacturing line efficiently, lowering costs, saving inventories, and managing rational inks. In May 2019, Zschimmer & Schwarz, for instance, joined hands with the Ferro Group for developing unique solutions for the tile industry.
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Segmentations Analysis -
By Product Type:
The market is segmented into decorative inks and functional inks. The decorative inks segment dominated in 2023 due to high demand in ceramic tile, glass, and bottle printing. These inks offer a wide range of vibrant colors and are widely used for creating intricate designs on tiles, tableware, and decorative items.
By Technology:
Divided into digital printing and analog printing, the digital printing segment led the market in 2023. This is attributed to its ability to reduce inventory costs, support quick design changes, and efficiently meet growing customization demands in the ceramic decoration industry.
By Formulation Technology:
Based on formulation, the market includes solvent-based, water-based, and oil-based inks. The solvent-based segment held the largest share in 2020, driven by its use in drop-on-demand inkjet printers for ceramic tile decoration, leveraging ceramic pigments for vibrant prints.
List of Key Companies Profiled-
- Ferro Corporation (Ohio, U.S.)
- Torrecid Group (Castellón, Spain)
- ZSCHIMMER & SCHWARZ CHEMIE GMBH (Lahnstein, Germany)
- LAURIER ARCHITECTURAL (Quebec Canada)
- Megacolor Ceramic Products (Castellón, Spain)
- BASF SE (Ludwigshafen, Germany)
- FRITTA (Comunidad Valenciana, Spain)
- Colorobbia Holding S.p.A (Gujarat, India)
- Esmalglass-Itaca Grupo (Castellón, Spain)
- Chromaline (Minnesota, U.S.)
- Electronics for Imaging, Inc. (California, U.S.)
- sedak GmbH & Co. KG (Gersthofen, Germany)
- SOLUTEC GLASS (Biscay, Spain)
- Sun Chemical (New Jersey, U.S.)
Report Coverage-
We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report of this industry includes details, such as drivers, opportunities, challenges, and dynamics of the market.
Drivers & Restraints-
The surging usage of inkjet printers for a wide range of applications, such as industrial and graphics is set to boost the ceramic inks market growth in the near future. These printers can be used on extended and non-flat surfaces, have limitless decoration possibilities, and provide simpler material handling. For decoration purposes, they can also be easily used. The IDC Worldwide Quarterly Hardcopy Peripheral Tracker, 1Q2020, for instance, mentioned that during the first quarter of 2019, Epson was in the leading position in the Indian inkjet printer market. It procured 56.01% of the demand by value and 46.07% by volume. However, ceramic decorators often face issues while matching the exact pantone color because of small color palettes of ceramic inks. It may hamper growth.
Regional Insights-
In 2020, Asia Pacific generated USD 0.831 billion in terms of revenue. The high disposable incomes of people and surging investments by numerous companies would aid the regional growth. North America, on the other hand, is estimated to showcase considerable growth in this industry because of the expansion of the construction industry in Canada. In Europe, the gradual development of the automotive and packaging industries is set to result in moderate growth.
Competitive Landscape-
Key Players Focus on Launching Unique Products to Gain Competitive Edge
The market contains a large number of companies that are majorly participating in numerous strategies to gain a competitive edge. Most of them are focusing on launching cutting-edge ceramic inks to meet the consumer demand. Below is one of the significant industry developments:
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June 2024 – The company introduced its HCR inkjet inks, featuring three vibrant new colors: Yellow, Blue, and Beige. These additions improve print quality and ensure more consistent tones, expanding the color options available for ceramic digital printing.
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January 2025 – Torrecid launched ECOINKCID, a water-based ink that cuts organic carbon emissions and odors by 85%. They also introduced 2LOWINKCID inks, which reduce carbon emissions by 30% and odors by 75%, reinforcing the company’s focus on environmental sustainability.
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The Global Bioplastics 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 Bioplastics 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.
Bioplastics refer to materials that have been made from renewable sources and play an important role in reducing the generation of plastic generation. These types of plastics come from different types of renewable biomass sources such as plant starch, cellulose, vegetable fats, and natural sugars. Biomass-based plastics are gaining immense popularity as an effective alternative to conventional plastics as industries are looking for eco-friendly plastic materials. Moreover, a wide range of research & development activities are being conducted in the development of eco-friendly plastics, which is further expected to drive the bioplastics market growth.
Fortune Business Insights™ displays this information in a report titled, "Bioplastics Market, 2025-2032."
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Forecast Growth Projected:
According to Fortune Business Insights the global bioplastics market was valued at USD 7.49 billion in 2023 and is expected to grow from USD 7.41 billion in 2024 to USD 56.99 billion by 2032, registering a compound annual growth rate (CAGR) of 29.0% during the forecast period.
List of the Key Players in the Bioplastics Market:
- Novamont S.p.A. (Italy)
- Arkema S.A. (France)
- Matrìca S.p.A. (Italy)
- NatureWorks LLC (U.S.)
- TotalEnergies Corbion (Netherlands)
- PTT MCC Biochem Co., Ltd. (Thailand)
- Roquette Frères (France)
- Biofase (Mexico)
- Genecis (Canada)
- Trifilon (Sweden)
- Solvay S.A. (Belgium)
- Avantium (Netherlands)
- Toray Industries, Inc. (Japan)
Bioplastics Market Segmentations:
Biodegradable Plastics to Gain Traction Due to their Wide Usage in Numerous Industries
Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment is expected to hold a dominant bioplastics market share as this type of plastic is finding robust use in many industries such as textiles, packaging, consumer goods, and agriculture.
Demand for Durable and Sturdy Packaging Solutions to Boost Product Use in Rigid Packaging
Based on application, the market covers rigid packaging, flexible packaging, textiles, automotive & transportation, agriculture & horticulture, consumer goods, and others. The rigid packaging segment is predicted to hold the largest market share as many shipping companies are looking for sturdy yet eco-friendly packaging solutions. With respect to region, the market covers North America, Europe, Asia Pacific, and Rest of the World.
Report Coverage:
The report analyzes the market in detail and sheds light on important areas such as leading product types, players, and applications. It also provides information on the latest market trends and vital industry developments. Besides the abovementioned factors, the report covers several other factors that have contributed to the market’s growth in recent years.
Drivers and Restraints:
Growing Adoption of Eco-Friendly Plastics in Packaging Industry to Fuel Market Progress
Biodegradable plastics are finding major uses in many industry verticals. However, one of the most common applications of these plastics is found in the packaging sector as they exhibit properties that are quite similar to those of conventional plastics. They are used in many rigid as well as flexible packaging solutions. Moreover, the e-commerce industry has expanded considerably in recent years, which has further boosted the demand for packaging materials, thereby enhancing the product adoption.
Key Industry Development:
February 2023 - Avantium partnered with Origin Materials to increase the mass production of PEF and FDCA and create advanced chemicals and plastics. The aim of the partnership was to maximize the company’s revenue margin.
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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:
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