- July 2024 – Mineral Technologies Inc. partnered with a leading global paper manufacturer to upgrade a PCC plant in Brazil using its NewYield LO PCC technology, which transforms paper mill waste into high-quality filler pigment, cutting disposal costs and raw material use.
- April 2024 – The company expanded in China and India by signing three long-term PCC supply agreements, including new on-site plants with Nine Dragons Paper and Indian partners, adding over 180,000 metric tons of PCC annually.
The global calcium carbonate market size was valued at USD 60.76 billion in 2024. The market is projected to grow from USD 65.13 billion in 2025 to USD 86.70 billion by 2032 at a CAGR of 4.2% during the forecast period. Calcium carbonate (CaCO₃) is a naturally abundant mineral commonly found in limestone, chalk, and marble. This versatile inorganic compound is widely utilized across various industries. It serves as a filler in paper, plastics, and rubber; an additive in paints and adhesives; and a dietary supplement in food and pharmaceutical products. The market growth is propelled by rising demand from construction, packaging, and consumer goods industries, along with the material’s cost-effectiveness and environmentally friendly characteristics.
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Segmentation Analysis:
By Type Analysis:
The ground calcium carbonate (GCC) segment dominated the global market in 2024, driven by its extensive use across industries such as paper, plastics, adhesives, and construction. Its growing adoption in the construction sector, especially in emerging economies, significantly contributes to segment growth. Additionally, the increasing use of GCC as a filler in polymers and coatings is expected to further boost demand.
By End-Use Industry Analysis:
The pulp & paper segment accounted for the largest market share in 2024, supported by rising demand for high-quality paper products. Calcium carbonate is widely used as a filler and coating pigment in paper production to enhance opacity, brightness, and printability. The building & construction segment also represents a key growth area, as calcium carbonate is used as a filler in cement, concrete, and other construction materials to improve strength and durability. The segment’s expansion is fueled by increasing construction activities in developing regions and the growing preference for sustainable, eco-friendly building materials.
Market Dynamics:
Trends:
- Rising adoption of precipitated calcium carbonate (PCC) in paper and packaging industries for enhanced brightness and smoothness.
- Increasing demand for eco-friendly and recyclable fillers in plastics and coatings.
- Technological advancements in production processes to improve efficiency and reduce carbon emissions.
- Growing utilization of calcium carbonate in pharmaceutical and food-grade applications due to its bio-compatibility and nutritional benefits.
Drivers:
- Expanding construction and infrastructure activities worldwide, boosting demand for calcium carbonate in cement, paints, and coatings.
- Growing paper and packaging industry, especially in Asia, driving the consumption of PCC and GCC.
- Cost-effectiveness and versatility of calcium carbonate as a filler material compared to alternatives.
- Rising environmental awareness promoting the use of sustainable and natural mineral additives.
List of Top Calcium Carbonate Companies:
- Minerals Technologies Inc (U.S.)
- Imerys S.A. (France)
- Mississippi Lime Company (U.S.)
- Huber Engineered Materials (U.S.)
- SCHAEFER KALK GmbH & Co. KG (Germany)
- Carmeuse (Belgium)
- Graymont Limited (Canada)
- Nordkalk (Finland)
- CIMBAR RESOURCES, INC. (U.S.)
- Omya AG (Switzerland)
Key Industry Development:
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The global water and wastewater treatment market is experiencing significant growth due to increasing water scarcity, stringent environmental regulations, and advancements in treatment technologies. The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. This information is presented by Fortune Business Insights , in its report, titled, “Water and Wastewater Treatment Market, 2025-2032.”
Surging competitiveness has resulted in the prime companies to augment their service network. Global firms are intentionally purchasing local companies to maintain their dominance in the global market.
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List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
- Veolia (France)
- SUEZ Worldwide (France)
- DuPont (U.S.)
- 3M (U.S.)
- Xylem (U.S.)
- Kemira (Finland)
- Evoqua Water Technologies LLC (U.S.)
- Pentair PLC (U.K.)
- Ecolab (U.S.)
- American Water (U.S.)
- Acciona (Spain)
- Hydro International (U.K.)
- Aquatech International LLC (U.S.)
- Trojan Technologies (Canada)
- BioMicrobics Inc. (U.S.)
Segments:
Services Segment to Gain Momentum due to Larger Investments
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is expected to grow at the highest pace due to companies focusing on constructing novel treatment plants and maintenance of existing facilities.
By application, the market is divided into municipal and industrial.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Drivers and Restraints:
Strict Guidelines on Waste Treatment to Encourage Water and Wastewater Treatment Market Growth
With technological progressions in production techniques, the quantity of wastewater produced has increased abruptly in the recent years. Sewage from corporations and factories processing chemicals, rare metals, pesticides and other dangerous chemicals and materials are harmful to the environment and are likely to trigger tragic impacts if not sufficiently treated prior to releasing in freshwater resources.
Regional Insights:
North America to Lead Stoked by Augmented Demand for Clean and Treated Water
North America held the largest water and wastewater treatment market share and stood at USD 109.52 billion in 2021. It is anticipated to dominate in the upcoming future. This is accredited to the huge demand for treated water from the beverages and pharmaceuticals sectors in nations such as the U.S.
The market for water and wastewater treatment in Asia Pacific is predicted to exceed North America soon in terms of revenue share. This is backed by the factor that huge-scale capitalization by countries such as China, India, and Southeast Asia in order to refine the water superiority and sanitation amenities in the region.
European market will be strengthened by the restoration being carried out in the prevailing water treatment services and sustain structure in the region to boost the implementation of ground-breaking wastewater treatment solutions in the upcoming years.
Competitive Landscape:
Purchases Originated by Significant Companies to Sponsor Market Growth
The dominating players in the market repetitively are looking to apply competent approaches to strengthen their brand value as well as endorse the global market growth of the product by facing least imaginable complications. One such competent scheme is securing competitive companies and further safeguarding a lucrative opportunity for both the engaged corporations.
Industry Development:
March 2023 – Aquatech International partnered with Fluid Technology Solutions to develop advanced membranes and separation technologies for improved brine concentration and water reuse.
January 2023 – Xylem Inc. acquired Evoqua in a USD 7.5 billion all-stock deal, combining Xylem’s global water solutions expertise with Evoqua’s advanced treatment systems.
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The global krypton market size was valued at USD 57.86 million in 2023 and is projected to grow from USD 58.46 million in 2024 to USD 62.58 million by 2032, exhibiting a CAGR of 0.9% during the forecast period. Growing application in window glazing and space exploration will propel the market forward during the projected period, says Fortune Business Insights™ , in its report titled “Krypton Market , 2025-2032."
In the manufacturing of insulated glass, krypton (Kr) gas is used to fill the spaces between glass panels, providing enhanced heat insulation and sound absorption. A greater volume of gas-filled space results in superior thermal protection, insulation, and soundproofing performance. The growing global demand for energy-efficient buildings is expected to drive market growth in the coming years. Additionally, krypton plays a crucial role in semiconductor excimer lasers. The expanding use of lasers in sectors such as semiconductors, healthcare, and defense is anticipated to further boost the demand for this rare gas in the near future.
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Segments:
By Type, N4.5 Segment to Gain Traction Over 2022-2029
Based on type, the market is trifurcated into N3, N4.5, and N5. The N4.5 segment is anticipated to witness substantial demand through 2029 led by increasing application in insulation of windows and glass façade panels in energy-efficient buildings. Meanwhile, the N5 segment will experience robust demand in aerospace thruster applications.
By Application, Window Insulation Segment to Capture Notable Share
In terms of application, the market is divided into lighting, laser, window insulation, and others. The window insulation segment is slated to capture the dominant market share, owing to demand for energy-efficient windows in green buildings. Meanwhile, the lighting segment will capture a prominent market share led by demand for Kr-filled lamps in various applications.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the 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 :
Growing Application in Glazed Windows to Boost Market Potential
Krypton gas is primarily used in the manufacture of high-end double and triple glazed windows, which is driving the krypton market growth. It offers excellent thermal and acoustic insulation. It is more expensive than argon, which is the most common gas in the market. However, as the need for high-performance and energy-efficient windows grows, krypton is gaining traction. Glazed windows are seeing an increase in demand from countries with hot weather, such as the Middle East, to areas with cold weather such as Europe and other parts of the world. In the summer, these windows allow for low-temperature absorption, while in the winter, they allow for high-temperature retention, leading to significant cost savings pertaining to air conditioning.
Despite growing applications, the availability of alternatives could impact the market growth.
Regional Insights :
Asia Pacific Market Stood at USD 19.10 Million in 2021
In 2021, the market value in Asia Pacific reached USD 19.10 million. Growth in this region is expected to increase substantially in the foreseeable future due to high demand from the construction and semiconductor industries. Continuous urbanization in emerging APAC countries has accelerated the product demand, resulting in lucrative growth potential for the suppliers.
North America accounts for more than a quarter of the global krypton market share. The growing use of Kr as a propellant in the aircraft industry is likely to increase demand in the region. Meanwhile, the European market will witness growth led by the demand for windows.
Competitive Landscape
Leading Players Adopt Acquisition Strategies to Stay Competitive
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
Key Industry Development:
- June 2023: Linde PLC opened one of the world’s largest krypton and xenon production plants in Leuna, Germany, consolidating its European noble gas operations.
- June 2022: Russia restricted Xe and Kr exports, sharply increasing prices and requiring special permits for international trade.
List of Key Players Profiled in the Report
- Air Liquide (France)
- Linde PLC (Ireland)
- Air Products & Chemicals, Inc. (U.S.)
- Messer Group GmbH (Germany)
- Proton Gases (India) Pvt. Ltd. (India)
- Matheson Tri-Gas, Inc. (U.S.)
- American Gas Products (AGP LLC) (U.S.)
- Coregas Pty Ltd. (U.S.)
- Akela-p Medical Gases P. Ltd. (Russia)
- Electronic Fluorocarbons, LLC (U.S.)
- Iceblick Ltd. (Ukraine)
- Air Water Inc. (Japan)
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The global medium density fiberboard market size stood at USD 42.26 billion in 2023 and is projected to grow from USD 44.84 billion in 2024 to USD 70.98 billion by 2032 at a CAGR of 5.6% during the forecast period (2024-2032). Medium Density Fiberboard (MDF) is an engineered wood panel manufactured by bonding wood fibers derived from hardwood and softwood in a defibrator. Its uniform, non-directional grain structure makes it highly suitable for cutting, machining, and drilling without generating chips or splinters. Additionally, the lack of knots allows for a smooth finish, making MDF an excellent choice for interior decoration in homes and offices.
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Segmentation Analysis:
By Type:
Medium Density Fiberboard (MDF) is widely used in the production of furniture and items such as photo frames, shoe cabinets, door skins, and display boards. It also serves as a subsurface material for wooden flooring, where humidity and water exposure can damage conventional fiberboards. To address this, manufacturers have developed moisture-resistant MDF by incorporating hydrophobic resin layers during production. These enhanced products are expected to gain strong demand during the forecast period.
By Application:
In 2023, the furniture segment dominated the medium density fiberboard market. Due to its affordability and smooth, uniform surface, MDF is increasingly replacing plywood in furniture manufacturing. Its ease of processing—such as cutting, drilling, and machining—makes it a preferred material for furniture producers. Additionally, the introduction of moisture-resistant and fire-rated MDF grades has expanded its use among interior designers, particularly for modern office and hospitality interiors.
In 2023, the furniture segment dominated the medium density fiberboard market. Due to its affordability and smooth, uniform surface, MDF is increasingly replacing plywood in furniture manufacturing. Its ease of processing—such as cutting, drilling, and machining—makes it a preferred material for furniture producers. Additionally, the introduction of moisture-resistant and fire-rated MDF grades has expanded its use among interior designers, particularly for modern office and hospitality interiors.
Market Drivers & Trends
1. Growing Demand from Furniture and Interior Décor
MDF’s smooth surface, affordability, and design flexibility make it ideal for manufacturing furniture, cabinetry, decorative panels, and molding. Its use in modular furniture and ready-to-assemble products continues to expand with urbanization and housing growth.
2. Shift Toward Engineered Wood Solutions
Manufacturers are increasingly shifting from solid wood and plywood to MDF due to its uniform strength, better surface finish, and sustainability.
3. Product Innovation in Specialty Grades
The development of moisture-resistant and fire-rated MDF grades has enabled wider adoption in humid and high-traffic environments such as kitchens, bathrooms, offices, and commercial interiors.
The development of moisture-resistant and fire-rated MDF grades has enabled wider adoption in humid and high-traffic environments such as kitchens, bathrooms, offices, and commercial interiors.
4. Sustainability Focus
Manufacturers are utilizing recycled wood fibers and eco-friendly resins to meet global environmental standards and reduce formaldehyde emissions, aligning with green building initiatives.
Manufacturers are utilizing recycled wood fibers and eco-friendly resins to meet global environmental standards and reduce formaldehyde emissions, aligning with green building initiatives.
5. Rising Urbanization in Emerging Markets
Rapid infrastructure development and growing demand for affordable housing in emerging economies continue to fuel MDF consumption for flooring, partitions, and furniture applications.
Rapid infrastructure development and growing demand for affordable housing in emerging economies continue to fuel MDF consumption for flooring, partitions, and furniture applications.
List of key Companies Profiled:
- Arauco (Chile)
- Centuryply (India)
- Daiken Corporation (Japan)
- Duratex (Brazil)
- Fantoni Spa (Italy)
- Greenpanel (India)
- M. Kaindl KG (Austria)
- Roseburg Forest Products (U.S.)
- Rushil Décor (India)
- Swiss Krono Group (Switzerland)
- Uniboard (Canada)
Key Industry Development:
- December 2020: Arauco acquired a majority stake in Odd Industries, an industrial AI developer, to integrate AI and LiDAR technologies for sustainable forestry and climate change mitigation.
- June 2020: Centuryply entered the Indian e-commerce market through a partnership with Flipkart, launching its product lines—Club Prime, Sainik 710, and Sainik MR—to capitalize on the growing online shopping trend post-pandemic.
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The global linerless labels market share is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by Fortune Business Insights™ The report further mentions that the linerless labels market size was USD 2.33 billion in 2019 and is projected to reach USD 3.43 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period.
Fortune Business Insights™ lists out the names of all the companies present in the global market. They are as follows:
Gipako UAB, Hub Labels, Cenveo Corporation, Reflex Labels Ltd., Skanem AS, NAStar Inc., 3M, Coveris, Avery Dennison Corporation, Ravenwood Packaging, Innovia Films, Constantia Flexibles, Lexit Group AS, RR Donnelley & Sons Company, Optimum Group, SATO Europe GmbH, Tereoka Seiko Co., Ltd., L&N Label Company, Preprint Group, DuraFast Label Company, Bizerba Australia, Bostik, Dykam A.C.A. Ltd., Weber Packaging Solutions
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Drivers & Restraints-
Rising Usage of Attractive & Food-safe Labels to Spur Growth
Brand recognition plays a vital role when it comes to the sales of food products worldwide. Labeling is a significant part of branding. The utilization of food-safe and attractive labels helps the food and beverage industry to grow. In the Latin American and Asian countries, namely, Brazil, Japan, and Southeast Asia, food products, such as fruits, bacon, and ham are packed with liner-free labels. Also, several ruling bodies have put forward strict norms and regulations regarding the information that is to be printed on the labels of food products.
Unlike conventional labels, linerless labels are capable of including 30% more print. In addition to this, manufacturers won’t have to change the dimensions of linerless labels and thus, they can be easily used instead of the traditional ones. They are also cost-effective and hence, are very popular in the food and beverage sector. The expansion of the food and beverage industry across the globe is likely to contribute to the growth of the backless labels market growth in the coming years. However, the regular shapes of linerless labels may not fulfill the requirements for a novel trademark. It may hamper growth.
Segment-
Food & Beverage Segment to Hold Largest Share Backed by the High Demand for Linerless Labels
Based on application, the market is segregated into logistics, retail, pharmaceutical & personal care, food & beverage, and others. Amongst these, the retail segment held 16.9% liner-free labels market share in 2019. The food & beverage segment is expected to procure the largest share throughout the forthcoming period as it is necessary for prominent companies to differentiate their products from the competitors. Therefore, they need a wide variety of labels to showcase authentic information regarding the contents of the product.
Competitive Landscape-
Key Players Focus on R&D Activities to Develop New Products
The market is semi-consolidated. Most of the top players are investing hefty amounts of money in research and development activities to introduce innovative linerless labels and their components. Below are two of the latest key industry developments:
- January 2020 : Bostik unveiled its new linerless label adhesive. It is mainly designed to improve efficiencies of the production line and deliver sustainable packaging, especially for quick service restaurant applications.
- May 2019 : R.R. Donnelley & Sons Company (RRD) announced the broadening of its label manufacturing platform. It added a 26” linerless press for this expansion. The press was developed by ETI Converting Equipment.
Regional Analysis-
Growth of E-commerce to Drive Market in Asia Pacific
Geographically, the market is categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, Asia Pacific generated USD 892.5 million in revenue in 2019. This growth is attributable to the expansion of e-commerce in this region. North America is anticipated to grow considerably backed by the presence of a well-established retail sector in the U.S. Also, the demand for retail and personal care goods would upsurge because of the outbreak of the Covid-19 pandemic. For gaining the confidence of customers, companies are demanding eye-catching labels for their products. In Europe, the market is set to grow steadily owing to the high demand from the pharmaceutical industry.
Key Players Assessment in this Research:
- The report offers a detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile generated revenue, pricing of goods, and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
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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 a device that can retain its magnetic properties despite being in an atmosphere with no magnetic field. A permanent magnet can also be called a hard magnet due to properties such as large magnetic moment, and low permeability. Permanent magnets are used in various kinds of loudspeakers, and other home appliances, and are available in variety such as ferrite magnets, alloy magnets, bonded magnets, and others.
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SMMV Manufacturing Plant in Vietnam to Strengthen Portfolio by Increasing Production Capacity
Shin-Etsu Magnetic Materials Vietnam Co., Ltd. (SMMV) completed constructing a manufacturing plant for rare earth magnet in Hai Phong Province of Vietnam in the year 2016 and started operating from June 2017. Rare earth magnets are used for a variety of applications such as electric and hybrid automobiles, hard disk drives, and energy-saving air conditioners. The SMMV aims at multiplying the production capacity by two times up to 2,200 tons of earth magnet on an annual basis. The magnets produced in this plant will be shipped t0o end-users after processing them in other plants located in different nations across Southeast Asia. Such initiatives taken by market vendors are likely to aid in the expansion of the market in the future years.
Increasing Use of Neodymium Iron Boron Will Add Impetus to Market
The increasing demand for consumer electronics is a major permanent magnet market growth. This includes gadgets such as Music systems, computers, laptops, mobile phones, and others. In addition to this, the increasing use of neodymium iron boron (NdFeB) with its beneficial properties such as repulsion, attraction, and energy conversion will also aid in the expansion of the market in the coming years.
On the negative side, the fluctuating prices of raw materials such as alloys, and increasing prices of energy may cause major hindrance to the overall market in the coming years.
Players Aiming at Setting up Bases in China to Gain Competitive Edge
China holds an estimate of more than 70% of the market share. Therefore, players are aiming at expanding their geographical base in this nation and investing heavily in the same for gaining an upper hand on resources and production while cutting down the export cost. Besides this, vendors are engaging in mergers and acquisitions, contracts and agreements, joint partnerships, and other collaborative efforts to attract high revenue to the market in the forthcoming years.
Significant Industry Developments of Market include :
- October 2024 – Arnold Magnetic Technologies Corporation expanded its facility in Amata City, Chonburi, Thailand, to better serve customers across Asia Pacific, Europe, and the U.S., strengthening its market presence.
- April 2023 – The company partnered with Cyclic Materials to launch a rare earth recycling program, aiming to build a circular supply chain and explore expansion across its North American sites.
List of Notable Market Manufacturers are:
- Hangzhou Permanent Magnet Group
- Electron Energy Corporation
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
- TDK Corporation
- Tengam Engineering, Inc.
- Daido Steel Co., Ltd.
- Bunting Magnetics Co.
- Arnold Magnetic Technologies Corp.
- Alpha Magnet
- Shin-etsu Chemical Co., Ltd.
- Tridus Magnetics and Assemblies
- Adams Magnetic Products Co., Inc.
- Ningbo Yunsheng Co. Ltd.
- Hitachi Metals, Ltd.
- Integrated Magnetics
Further Report Findings
- Asia Pacific held the dominant permanent magnet market share with a revenue of USD 13.82 Billion in 2018, attributed to increasing demand for consumer electronics and applications running on energy.
- Based on segmentation by application, the market is dominated by the consumer electronics segment on account of 36.7% share on account of the demand for various devices such as smartphones, laptops, speakers, and others.
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The EMEA polyamide 6 market size was USD 2.67 billion in 2021. The market is projected to grow from USD 2.72 billion in 2022 to USD 3.33 billion by 2029 at a CAGR of 2.9% during the 2022-2029 period. Fortune Business Insights™ publishes this information in a report titled, " EMEA Polyamide 6 Market, 2022-2029" . As per the report, the market is projected to grow during the projected period due to increasing demand for this chemical in the automobile and textile industries.
The COVID-19 pandemic significantly impacted the polyamide 6 (PA 6) market, causing an 18.6% decline in 2020 compared to 2019 due to reduced global demand. PA 6, produced through the polymerization of caprolactam with an acid catalyst and water vapor, offers high strength, abrasion resistance, elasticity, and electrical insulation. Its resistance to acids and alkalis makes it widely used in industries such as textiles, automotive, packaging, and electronics.
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Segmentation Analysis:
Increasing Product Demand from Automotive Sector to Fuel Segment Growth
By application, the market is segregated into automotive, electrical & electronics, packaging, industrial fiber & textiles, consumer appliances, and others. The rising demand for polyamide 6 from the automotive sector is expected to bolster the segmental growth. Also, the rising adoption of superior mechanical parts in vehicles is anticipated to propel growth in the coming years.
Geographically, the market share is segmented into Europe and the Middle East & Africa.
Drivers & Restraints:
Increasing Use of PA 6 in the Textile Sector to Propel Growth
The market is expected to witness prominent growth during the projected period owing to the rising adoption of polyamide 6 in the textile industry. Also, increasing product utilization in the automobile sector to develop efficient vehicles is projected to fuel the market growth. Furthermore, increasing adoption of 3D printing technology is estimated to fuel market growth in the coming years.
Regional Insights:
Europe Dominates Market Due to Increasing Product Demand
Europe holds the largest EMEA polyamide 6 market share, and the region stood at USD 2.34 billion in 2021. The increasing presence of key players and continuous advancements in the market are expected to bolster the regional market growth. Furthermore, rising developments in electric waves for mobility are projected to bolster regional growth.
Germany is projected to hold the second-highest position during the projected period owing to rising production and sales rate. Also, the rising investment in R&D activities is estimated to drive regional market growth.
Competitive Landscape:
Strategic Partnerships Allow Companies to Strengthen their Position
The leading market players focus on forming strategic partnerships and alliances to strengthen their market position. Also, adopting the latest technologies to develop new products allows companies to enhance their product portfolio. The companies can expand their business reach by improving their market strategies and increasing sales rates.
Key Industry Development:
- October 2021: BP and Lanxess announced a strategic partnership for sustainable raw materials for the production of Nylon 6. The former supply sustainably produced cyclohexane to the Lanxess production site in Antwerp, Belgium.
List of Key Players Profiled in the Report :
- BASF SE (Germany)
- DuPont (U.S.)
- Lanxess AG (Germany)
- Radici Group (Italy)
- Arkema S.A. (France)
- Ube Industries (Japan)
- RTP Company (U.S.)
- DSM (Netherlands)
- Domo Chemicals (Germany)
- NYOBE NV (Belgium)
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The SEA, EU, & Japan ion exchange resin market size was valued at USD 391.1 million in 2023. The industry is expected to expand from USD 406.8 million in 2024 to USD 589.1 million by 2032, exhibiting a CAGR of 4.7% over the study period.
Ion Exchange Resin (IER) refers to the natural or synthetic polymer containing charged functional groups that can exchange ions reversibly. The goals pertaining to environmental sustainability coupled with the demand for water treatment are fostering the market growth. Moreover, Europe, Japan, and Southeast Asia face unique issues with respect to environmental sustainability and water quality, which bolsters the demand for advanced water treatment technologies.
The market witnessed a reduction in product demand across regions owing to a drop in industrial activities, supply chain halt, and lockdowns during the COVID-19 pandemic. In addition, the distribution and production were impacted due to logistical issues and manufacturing slowdowns, and delays in projects in different industries hampered the market growth.
Fortune Business Insights™ provides this information in its research report, titled “SEA, EU, & Japan Ion Exchange Resin Market, 2024-2032”.
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Segmentation:
Rising Demand for Cationic Resins from Various End-use Sectors to Spur Segment Expansion
In terms of type, the market is bifurcated into cationic resins and anionic resins. The cationic resins segment registered the largest SEA, EU, & Japan ion exchange resin market share in 2023. The surging demand for cationic resins from different end-use sectors for demineralization, deionization, water softening, and other water treatment processes is bolstering the segment growth.
Criticality of the Product in Nuclear Power Generation Activities to Fuel Segment Growth
On the basis of end-use industry, the market is divided into water & wastewater treatment, electrical & electronics, food & beverages, power, chemicals & petrochemicals, and others. The power segment witnessed the largest share in 2023. The crucial role of ion exchange resins in nuclear power generation activities is augmenting the segment expansion.
Regionally, the market is segregated into Europe, Japan, and Southeast Asia.
Report Coverage
The market research report provides in-depth insights into the strategic initiatives deployed by leading companies to keep ahead of their competition. In addition, it provides a comprehensive coverage of the latest trends, dominating segments, and the impact of the COVID-19 pandemic on the market growth. Other aspects of the report include the significant driving and restraining factors affecting the market expansion.
Drivers and Restraints:
Change in Food & Beverage Industry with Improvement in Treatment for Unparalleled Type Quality to Surge Market Growth
The product has a vital role in deionization and decolorization processes in beverage production, keeping in line with the high standards of clarity and taste that consumers demand in Japan and Europe. In addition, they are critical in sugar syrup purification, which is a necessary element of the production of food and beverages. Thus, these factors are driving the SEA, EU, & Japan ion exchange resin market growth.
However, the surging prominence of Reverse Osmosis (RO) and membrane filtration methods in the water treatment sector may impede the market growth.
Regional Insights:
Europe Leads Due to Growing Demand for Clean Energy Sources
Europe accounts for the largest share in the SEA, EU, & Japan ion exchange resin market. This can be attributed to the surging demand for clean energy sources, including nuclear power and tighter water treatment regulations, which need IERs for different purification processes.
Southeast Asia is growing owing to the increasing emphasis on improvement of water quality and environmental regulations, which is boosting product uptake in wastewater treatment applications.
Competitive Landscape:
Prominent Companies Deploy Mergers & Acquisitions Strategies to Enhance Their Solutions
Some players emphasize high-purity resins for pharmaceuticals or electronics, while others aim for the upgradation of water treatment or meeting regional requirements. Partnerships, joint ventures, and product innovations are the strategies adopted by top companies to outshine the competition. Many players are also emphasizing mergers & acquisition strategies to improve their solutions.
Key Industry Development:
- July 2022 – Evoqua Water Technologies announced the acquisition of EPICOR, Inc., a prominent manufacturer of high-quality powdered ion exchange resins. This move is expected to boost the company’s services and solutions to cater to the power market consumers better.
List of Key Players Mentioned in the Report:
- DuPont (U.S.)
- Thermax Limited (India)
- Purolite (U.S.)
- Ion Exchange Ltd. (India)
- LANXESS AG (Germany)
- Mitsubishi Chemical Group Corporation (Japan)
- Samyang Corporation (Korea)
- ResinTech, Inc. (U.S.)
- Evoqua Water Technologies LLC (U.S.)
- Sunresin New Materials Co.Ltd. (China)
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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.
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Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email : sales@fortunebusinessinsights.com
Posted in: Packaging
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