The global calcium carbide market size was valued at USD 16.00 billion in 2023 and is projected to grow from USD 16.75 billion in 2024 to USD 24.09 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. This information is provided by Fortune Business Insights , in its report, titled, “ Calcium Carbide Market, 2025-2032 .”
Calcium carbide (CaC₂) is primarily used to produce acetylene gas, which is further utilized in manufacturing polyvinyl chloride (PVC), calcium cyanamide, and other industrial products. It also finds applications in steelmaking for desulfurization, slag conditioning, and furnace injection. The growing demand for PVC-based plastics, along with the expansion of the chemical, steel, and agriculture industries, is driving market growth. Producing PVC from CaC₂ is considered efficient, as it eliminates dependence on petroleum and offers superior plasticizing properties.
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Segmentation Analysis:
What are the key segments of the calcium carbide market?
The calcium carbide market is segmented by application, end-user, and region.
- By application: acetylene gas, calcium cyanamide, reducing & dehydrating agents, steel making, and others.
- By end-user: chemicals, steel, and others.
The chemicals segment is projected to register a significant CAGR during the forecast period, driven by the increasing demand for acetylene and its derivatives from the pharmaceutical and plastics industries, and calcium cyanamide from the agriculture sector.
How is the market geographically divided?
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Drivers and Restraints:
What are the main drivers of the calcium carbide market?
The primary growth driver is the surging demand for acetylene and its derivatives, which are widely used in industries such as plastics, pharmaceuticals, dyes, and rubber. Acetylene derivatives also serve as raw materials in the production of polyurethane fibers and synthetic rubber, and are found in consumer goods like cosmetics, hair sprays, and sunscreens. Additionally, China’s strong PVC production based on acetylene further boosts product demand.
What are the major restraints affecting market growth?
One of the key restraints is the health hazard associated with calcium carbide exposure. Prolonged contact can be harmful, and its use in food treatment is particularly dangerous due to the presence of phosphorus and arsenic impurities, which generate acetylene gas upon contact with water.
Regional Insights:
Asia Pacific to Dominate Backed by Bolstering Production of Steel
Asia Pacific stood at USD 14.16 billion in 2021. The region is predicted to observe the highest calcium carbide market growth during the forecast period. The thriving chemical and steel manufacturing industry in the region is a prime driver of the market.
North America was responsible for a considerable calcium carbide market share in 2021 and is predicted to preserve its position as a pivotal market region during the forecast period owing to the augmented demand from chemical, steel, and industrial applications.
Europe is expected to record a substantial growth in the market. The surging demand for calcium cyanamide from the agricultural industry is likely to make impressive contribution to the growth of the market in the region.
Competitive Landscape:
Vital Business-associated Publications by Crucial Players to Sway Market Aspects
Prominent corporations in the market often make critical declarations concerning a few business happenings, which impacts the market either favorably or adversely. Companies procure other smaller firms, introduce novel products or technologies, involve in partnership contracts, sign important agreements with government establishments, and others.
List of Key Players Mentioned in the Report:
- Carbide Industries LLC (U.S.)
- APH - Regency Power Group (India)
- MCB Industries Sdn. Bhd. (Malaysia)
- KC Group (India)
- DCM Shriram Ltd. (India)
- AlzChem (Germany)
- Denka Company Limited (Japan)
- American Elements (U.S.)
- Inner Mongolia Baiyanhu Chemical Co., Ltd. China)
- Lonza (Switzerland)
- Mil-Spec Industries Corporation (U.S.)
- Xiahuayuan Xuguang Chemical (China)
- PT Emdeki Utama Tbk (Indonesia)
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The global containerboard market size was valued at USD 132.88 billion in 2023 owing to the rising demand for sustainable packaging worldwide. Containerboards are paperboards used generally for packaging material due to their properties such as lightweight and paperweight, or high grammage. A recently published report by Fortune Business Insights™ titled, “ Containerboard Market Size, Share & Industry Analysis, By Material (Virgin, and Recycled), By End-User (Food & Beverage, Personal Care & Cosmetics, Industrial, and Others), and Regional Forecast, 2025-2032, ” offers a qualitative and quantitative analysis of the market. The global containerboard market size was valued at USD 138.87 billion in 2024. It is projected to be worth USD 141.43 billion in 2025 and reach USD 166.43 billion by 2032, exhibiting a CAGR of 2.35% during the forecast period.
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What are the Highlights of the Report?
The report offers an extensive overview of the market and highlights the growth drivers, restraints, upcoming opportunities, and possible challenges of the market. It also discusses the table of segmentation based on factors such as material, end-user, and geography with the names of the leading segment and its attributed factors. It also lists the names of players operating in the market and the key strategies adopted by them. Furthermore, the report discusses significant industry developments, current trends prevalent in the market, and other interesting insights that will help investors to make financial and beneficial decisions in the market.
Market Drivers:
I ncreasing Demand from Pharmaceutical Industries to Boost Growth
With rapid industrialization, there is an increasing need for sustainable packaging from various sectors such as cosmetics, food and beverage, pharmaceutical, personal care, and others. This stands as a major factor in boosting the containerboard market growth. Besides this, the booming food and beverage sector with increasing popularity for ready-to-eat frozen food and convenient food would increase its productivity, thereby demanding more containerboards for package and shipment purposes. This will bode well for the market in the coming years.
On the contrary, regulatory impositions based on the use of nature-friendly resources for the production of containerboards may pose a major challenge for the market players, thereby hampering the overall market size. Nevertheless, the rapidly developing e-commerce industry would aid growth. Apart from that, the rising preference for product-specific corrugated boxes for safety concerns regarding external stress is likely to create lucrative growth opportunities for the market in the forthcoming years.
Segmentaion Analysis:
Which material segment dominates the containerboard market?
The recycled material segment dominates the containerboard market. Recycled containerboard is preferred for its sustainability, as it minimizes the need for virgin fibers—reducing deforestation and carbon emissions during production. With rising environmental awareness, both consumers and businesses are prioritizing recyclable and eco-friendly packaging solutions. Additionally, regulatory initiatives, such as the U.S. EPA’s goal to increase paper recycling rates, are driving the use of recycled paper in containerboard production.
Which end-use industry leads the containerboard market?
The food & beverage industry holds the largest share in the containerboard market. Containerboard provides excellent protection for a wide range of food items—from dry goods to perishables—while maintaining hygiene and durability during transport. Its moisture resistance and strength make it ideal for packaging food products. Moreover, the growing preference for sustainable and biodegradable packaging aligns with the eco-friendly characteristics of containerboard, as food brands aim to reduce their environmental impact.
Competitive Landscape:
Consolidated Nature of Market will Intensify Competition
The competitive landscape of the market is consolidated in nature with the presence of a bunch of players holding about 20% of the overall production capacity. These include Mondi Group, SCG Packaging Public Company Limited, DS Smith, Lee & Man Paper Manufacturing Ltd., and Smurfit Kappa. Major vendors are investing massively on the research and development of recyclable and water-resistant containerboard products to attract high revenue in the coming years. Besides this, the players are also engaging in collaborative efforts such as agreements and contracts, mergers and acquisitions, joint ventures, and others for gaining a competitive edge in the market.
List of Containerboard Market Manufacturers Include:
- Stora Enso
- Nine Dragons Paper (Holdings) Limited
- Hamburger Containerboard
- Georgia-Pacific LLC
- Rengo Co., Ltd.
- WestRock Company
- Oji Fibre Solutions (NZ) Ltd.
- International Paper
- Smurfit Kappa
- Lee & Man Paper Manufacturing Ltd.
- DS Smith
- SCG PACKAGING PUBLIC COMPANY LIMITED
- Mondi Group
- Other Players
Key Industry Development:
- January 2024: WestRock Company announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to serve growing demand in the Great Lakes region. The company will close its North Chicago facility once construction is complete.
- May 2023: Smurfit Kappa completed the expansion of its Pruszków corrugated plant in Poland, making it the company’s largest and most advanced packaging facility in the country.
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The global hermetic packaging market size was valued at USD 4.21 billion in 2024. The market is projected to grow from USD 4.50 billion in 2025 to USD 7.31 billion by 2032, exhibiting a CAGR of 7.18% during the forecast period. Hermetic packaging is utilized in applications where electronic components need protection from corrosive environments to ensure a reliable service life. The growing research and development activities in the aerospace and defense sectors are driving the adoption of advanced packaging solutions, thereby fueling the growth of the global hermetic packaging market.
Hermetic packaging is highly preferred in several medical and electronic devices for safe and reliable packaging. There is rising adoption of electronic devices due to a rise in government support for boosting digitalization and growing internet usage among customers. Rapid innovations in sealing technology are expected to fuel market expansion in the coming years.
Fortune Business Insights™ shares this information in its report titled “ Hermetic Packaging Market, 2025-2032 ”.
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Segments
Increased Need for Complex Electronic Circuits Fuels Ceramic Metal Sealing Segment Growth
On the basis of type, the market is segregated into co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass metal sealing. The ceramic metal sealing segment leads the market. Increased need for complex electronic circuits, including microelectromechanical systems' multilayer ceramic metal sealing, is fostering segment expansion.
Rising Adoption of Suitable Packaging Strategies for Sensor Technologies Fuels Segment Expansion
In terms of application, the market is categorized into sensors, photodiodes, MEMS, transistors, laser chips, memory, and others. The sensors segment secures the largest hermetic packaging market share owing to the rising adoption of suitable packaging strategies for sensor technologies.
Rise in Government and Private Investments in Space Exploration Fosters Aerospace & Defense Segment Expansion
By end-use industry, the market is classified into aerospace & defense, healthcare, automotive, electrical & electronics, telecom, and others. The aerospace & defense segment commands the global market with the rise in government and private investments in space exploration.
From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.
Report Coverage
The report has studied the market in depth and underlined several crucial aspects and leading market participants. It provides important insights into the recent market trends and key industry developments. In addition to the factors mentioned above, the report covers many other factors that have helped the market grow.
Drivers and Restraints
Increased Demand for Consumer Electronics to Bolster Market Expansion
Increased usage of consumer electronics is boosting the demand for hermetic packaging solutions. Growing purchasing power and rapid economic growth are fueling the sales of smartphones, which will eventually accelerate the demand for hermetic packaging. Rapid innovations in wireless mobile telecommunication technology, such as 4G, IoT, and 5G, are expected to fuel the adoption of other smart devices. The emergence of advanced household products and the growing usage of appliances equipped with voice assistance and Wi-Fi connectivity are the major factors contributing to market growth.
On the other hand, the hermetic packaging market growth is impeded by the emergence of not quite or almost hermetic packaging.
Regional Insights
Rise in Government Budget for the Aerospace & Defense Sector in China and Japan Augmented Market Growth in Asia Pacific
Asia Pacific dominates the global market. A rise in government budgets for the aerospace & defense sector, specifically in China and Japan, is driving market growth in the region.
Europe is predicted to register significant growth due to the presence of the world’s top automotive manufacturers. The increasing R&D activities within the space and automotive sectors are also boosting market growth in the region.
Competitive Landscape
Top Companies Concentrate on Acquisitions to Offer Next-generation Solutions
Key players in the market are TELEDYNE, SCHOTT, Amkor Technology, Inc., KYOCERA Corporation, Materion Corporation, Egide, SGA Technologies, Complete Hermetics, Coat-X SA, Mackin Technologies, and others. Many companies are focusing on acquisitions to offer next-generation solutions to the customers' product designs.
Key Industry Development
- March 2023 : SCHOTT AG introduced hermetic packaging components for augmented reality. With its longstanding experience in glass-to-metal sealing, the company produces innovative packaging solutions for MEMS mirrors and RGB laser chips for augmented reality applications. The packaging solution strives to miniaturize and improve optoelectronic performance for augmented reality light engine systems.
List of Key Players Profiled in the Market Report:
- TELEDYNE (U.S.)
- SCHOTT (Germany)
- Amkor Technology, Inc. (U.S.)
- KYOCERA Corporation (Japan)
- Materion Corporation (U.S.)
- Egide (France)
- SGA Technologies (U.K.)
- Complete Hermetics (U.S.)
- Willow Technologies Ltd. (U.K.)
- Mackin Technologies (Japan)
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The Global Semiconductor Gases 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 Semiconductor Gases 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 Semiconductor Gases 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 semiconductor gases market size was valued at USD 10.07 billion in 2023 and is projected to grow from USD 10.83 billion in 2024 to USD 19.34 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period.
List of the Key Players in the Semiconductor Gases Market:
- Air Liquide (France)
- Air Products and Chemicals, Inc. (U.S.)
- Linde plc (U.K.)
- Solvay (Belgium)
- Iwatani Corporation (Japan)
- Messer Group (Germany)
- American Gas Products (U.S.)
- Electronic Fluorocarbons, LLC (U.S.)
- SUMITOMO SEIKA CHEMICALS CO.,LTD. (Japan)
- Taiyo Nippon Sanso JFP Corporation (Japan)
- SHOWA DENKO K.K. (Japan)
Segmentation Analysis:
Which product segment dominated the electronic gases market in 2023?
The electronic special gas segment dominated the market in 2023. These gases, such as nitrogen fluoride, are specifically produced for the electronics manufacturing industry. With the shift toward advanced semiconductors smaller than 5 micrometers, the demand for high-precision gases and chemicals is rising. This growing need for high-density semiconductor chips is driving demand for electronic special gases.
What are the main application segments of the electronic gases market, and which segment held the major share?
The market is segmented into Memory , Logic , and Others . The logic segment held the largest market share, as logic chips act as the core processors in electronic devices such as CPUs, GPUs, and NPUs. With rapid advancements in AI, IoT, and 5G technologies that require high computational power, demand for logic chips—and consequently electronic gases—is expected to grow significantly in the coming years.
Market Drivers:
- Rising Demand for Advanced Semiconductors: Growing use of miniaturized chips (<5 nm) in smartphones, wearables, and automotive electronics is increasing the consumption of high-purity specialty gases.
- Expansion of Semiconductor Fabrication Facilities: Significant investments by major chip manufacturers such as TSMC, Samsung, and Intel are creating strong demand for semiconductor gases globally.
- Technological Advancements in AI and 5G: Rapid adoption of AI-enabled devices, IoT networks, and 5G infrastructure is fueling the need for complex semiconductor components, supporting market growth.
- Supportive Government Initiatives: Incentives and funding for semiconductor manufacturing, especially in the U.S., South Korea, Japan, and India, are boosting local gas production and supply chains.
Market Restraints:
- High Cost of Specialty Gases and Purification: Maintaining gas purity standards and storage infrastructure involves high costs, which can limit adoption among smaller fabs.
- Environmental and Safety Concerns: Some semiconductor process gases, such as perfluorocarbons, have high global warming potential, leading to regulatory restrictions.
Key Industry Development:
- July 2022 – Iwatani Corporation partnered with Helious Specialty Gases, making Helious the first company in India with three helium transfill facilities. The move aims to strengthen Helious’ position as a key helium supplier to major OEMs.
- July 2022 – SK Materials and Showa Denko signed an MoU to collaborate on producing high-purity specialty gases for semiconductor manufacturing. The companies plan to establish a production facility in the U.S. to meet growing semiconductor demand.
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The global conformal coatings market size was valued at USD 992.1 million in 2023 and is projected to grow from USD 1,047.1 million in 2024 to USD 1,647.9 million by 2032, exhibiting a CAGR of 5.8% during the forecast period. Robust adoption of the electric automotive sector and increasing miniaturization trends are likely to foster the industry’s growth. Fortune Business Insights ™ presents this information in its report titled “ Conformal Coatings Market, 2025-2032. ”
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Segmentation Analysis:
Acrylic Segment to Lead Owing to Strong Adoption from the Electronic Manufacturing Industry
By product, the market is segmented into acrylic, epoxy, urethane, silicone, parylene, and others. The acrylic segment is expected to dominate, owing to robust demand from the electronic manufacturing industry.
Consumer Electronics Segment to Lead Owing to Strong Demand for Miniaturized Electronic Applications
As per end-use industry, the market is classified into automotive, medical, aerospace & defense, consumer electronics, and others. The consumer electronics segment may dominate due to increasing demand for miniaturized electronic applications.
Regionally, the market is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Drivers and Restraints
Strong Demand from Consumer Electronics Industry to Foster Market Growth
Conformal coatings are polymer-based materials applied on PCB. It is a thin layer that protects several products at hand. The increasing demand for conformal coatings from the consumer electronics industry may bolster the product adoption. Further, the extensive adoption of coatings from automotive, consumer electronics, and other industries may bolster the product adoption. Also, the rising implementation of novel technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is anticipated to drive the conformal coatings market growth.
However, strict environmental regulations by governments may hinder the industry’s progress.
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Regional Insights
Robust Demand from the Electronics Manufacturing Industry to Fuel Market Growth in Asia Pacific
Asia Pacific is expected to dominate the conformal coatings market share due to robust demand from the electronics manufacturing industry. The market in Asia Pacific is expected to touch USD 767.3 million in 2021 and is likely to gain a huge portion of the global market share in the coming years.
In North America, the robust demand for electric vehicles is likely to foster the product adoption. Furthermore, the rising adoption of electronics in hybrid and electric vehicles is likely to foster the market’s progress in the upcoming years.
In Europe, the increasing product adoption from the automotive sector is expected to foster the industry’s growth.
Competitive Landscape
Major Players Devise Novel Product Launches to Enhance their Brand Image
The prominent companies operating in the market announce novel products to boost their brand image. For example, Electrolube introduced its novel UV Cure Coating Xtra (UVCLX) in October 2021. The product is developed by utilizing organic content sourced from renewable means. This strategy may enable the company to boost its brand image globally. Furthermore, key players deploy research and development, mergers, expansions, acquisitions, and expansions to elevate their market position.
Key Industry Development
-
March 2022 – HumiSeal launched its UV500-2 conformal coating, offering enhanced PCB protection and improved performance under thermal and mechanical stress, ideal for automotive and white goods applications.
-
April 2022 – Shin-Etsu Silicones of America introduced the MR-COAT-01F and 02F conformal coating series, featuring high hardness, excellent elongation, and superior abrasion resistance to minimize stress on PCB components.
List of Key Players Profiled in Conformal Coatings Market Report
- Chemtronics (South Korea)
- Henkel AG & Company (Germany)
- Shin-Etsu Chemical Co., Ltd (Japan)
- Dow (U.S.)
- Chase Corporation (U.S.)
- Dymax Corporation (S.)
- Specialty Coating Systems (U.S.)
- Electrolube (K.)
- B. Fuller (U.S.)
- G. Chemicals (Canada)
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The global carbon black market size was valued at USD 27.44 billion in 2023 and is projected to grow from USD 28.76 billion in 2024 to USD 41.28 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries.
Fortune Business Insights™ provides this information in its research report, titled “Carbon Black Market, 2025-2032”.
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Segmentation Analysis:
Furnace Black Segment to Lead Due to Rising Demand from Rubber Manufacturers
Based on process type, the market is segmented into acetylene black, furnace black, thermal black, and others.
- The furnace black segment is expected to dominate the market with a notable CAGR during the forecast period.
- This dominance is attributed to the increasing use of furnace black as a strengthening agent by rubber manufacturers across the globe.
Q: Why is the furnace black segment leading the carbon black market?
A: Furnace black is widely preferred by rubber manufacturers because it enhances product strength and performance, making it ideal for use in tire and industrial rubber applications.
Standard Grade Segment to Grow Rapidly with Expanding Industrial Use
By grade, the market is bifurcated into standard grade and specialty grade.
- The standard grade segment is projected to grow significantly over the analysis period.
- This growth is driven by the rising adoption of standard-grade carbon black in diverse industrial applications, including plastics, coatings, and rubber products.
Q: What factors are fueling the demand for standard-grade carbon black?
A: Its versatility and cost-effectiveness make it a preferred material across various industries, particularly in manufacturing and construction sectors.
Tire Segment to Dominate Supported by Automotive Industry Growth
On the basis of application, the market is divided into tire, non-tire rubber, inks & toners, plastics, and others.
- The tire segment is projected to hold the largest market share and register robust growth.
- The surge is primarily driven by the rapid expansion of the automotive industry and the increasing production of vehicles worldwide.
Q: How does the automotive industry influence the carbon black market?
A: The growing global automotive production directly boosts the demand for carbon black, as it is a key component in tire manufacturing to improve durability and performance.
Drivers and Restraints:
Expansion of the Rubber Industry to Propel Market Growth
- Rising demand from consumer goods, electronics, construction, and automotive sectors is driving the rubber industry’s growth.
- This expansion, in turn, amplifies the need for carbon black, particularly as a reinforcing material in rubber-based products.
Q: What is the main growth driver for the carbon black market?
A: The growing rubber and automotive industries are the primary catalysts, as carbon black is a critical input in tire and rubber product manufacturing.
Restraint – Environmental Concerns May Hinder Growth
- The production process of carbon black releases hazardous gases, which pose environmental challenges.
- Stricter emission regulations could potentially limit production expansion and impact overall market growth.
Q: What is the major challenge facing the carbon black market?
A: Environmental concerns related to carbon emissions during production remain a key restraint for manufacturers.
Regional Insights:
Asia Pacific to Lead the Global Market
- The Asia Pacific region is anticipated to register strong growth and dominate the global carbon black market.
- This is attributed to the high demand from the tire and plastic manufacturing industries, particularly in China, India, and Japan.
North America to Record Steady Growth
- The North American market is expected to grow at a healthy pace due to increasing product utilization in vibration isolation devices and rubber-based industrial goods.
Q: Which region holds the largest share of the carbon black market?
A: Asia Pacific remains the dominant region owing to large-scale tire manufacturing and expanding industrial applications.
Q: What drives carbon black demand in North America?
A: The growing automotive aftermarket and rising use of carbon black in vibration control products and industrial rubber applications are key drivers.
Key Industry Development:
- May 2023 : Orion Engineered Carbons increased its gas black production capacity in Germany, reinforcing its position as a leading player in the specialty carbon black market.
- December 2022 : International CSRC Investment Holdings Co., Ltd announced a short-term (2022–2024) investment plan focused on research and development to produce advanced specialty carbon blacks, including antistatic, static dissipative, and conductive grades. This strategic initiative aims to enhance the company’s global market share.
List of Key Players Mentioned in the Report:
- Birla Carbon Thailand Public Co. Ltd. (Thailand)
- Cabot Corporation (U.S.)
- Orion Engineered Carbons SA (Germany)
- Phillips Carbon Black Limited (India)
- CSRC Group (Taiwan)
- Omsk Carbon Group (Germany)
- OCI COMPANY Ltd. (South Korea)
- Himadri Speciality Chemicals Ltd. (India)
- Longxing Chemical Industry Co., Ltd. (China)
- Mitsubishi Chemical Holdings Corporation (Japan)
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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 market growth is primarily driven by the rising building and construction activities worldwide. Ceramic inks are widely utilized in ceramic tile printing for flooring and wall applications, glass printing for interior and exterior architectural designs, and printing on food containers to enhance visual appeal. Additionally, the growing adoption of ceramic inks in the automotive sector is anticipated to further boost market expansion during the forecast period.
Moreover, the rapid growth of the food, beverage, cosmetics, and packaging industries is expected to support market demand. The COVID-19 pandemic initially disrupted operations in China, where the government temporarily shut down several chemical manufacturing facilities in early 2020. Despite these restrictions, China’s ink industry demonstrated resilience throughout the pandemic. In contrast, ink manufacturers across Europe faced reduced supplies of key raw materials such as ethanol and n-propanol, as reported by the British Coatings Federation (BCF).
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Segmentation Analysis:
By Product Type: In 2023, the decorative inks segment dominated the global ceramic inks market. Ceramic inks are widely used in glass printing, ceramic tile printing, and food container printing. They are available in a broad spectrum of colors and shades, including black, white, blue, brown, maroon, red, and more, with purple, blue, and brown pigments seeing particularly high demand. Decorative inks are especially popular for ceramic tile applications, as they enhance the appearance of ceramics, glass, metal, and tiles.
By Technology: The digital printing segment held the largest share of the market in 2023. The industry is increasingly transitioning from analog to digital printing technology due to its efficiency and flexibility. Digital printing enables ceramic decorators to produce short runs, reduce inventory costs, and quickly respond to changing design trends. This technology allows rapid adaptation to evolving market demands and customer preferences, making it a preferred choice for ceramic ink applications.
By Application: The market is segmented into ceramic tiles, glass printing, food container printing, and others. Among these, ceramic tiles accounted for a significant share in 2023. Ceramic inks are widely used for printing decorative patterns on tiles used in homes and bathrooms. These inks are highly durable and resistant to water and other liquids, making them ideal for ceramic tile applications. Additionally, ceramic inks are increasingly being adopted for glass decoration, providing an effective alternative for enhancing the visual appeal of glass products.
Market Dynamics:
Trends:
- Increasing preference for digital printing technology over analog methods due to short-run printing capabilities and faster adaptation to design changes.
- Rising demand for eco-friendly inks, including water-based solutions that reduce emissions and odours.
- Expansion of color options, particularly purple, blue, and brown pigments, for enhanced decorative appeal.
Drivers:
- Growth in construction and real estate sectors, boosting demand for ceramic tiles and glass decoration.
- Rising adoption of ceramic inks in automotive and consumer packaging industries.
- Increasing focus on sustainability and reduced environmental impact by ink manufacturers.
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.)
Key Industry Development:
- June 2024 - The company unveiled its HCR inkjet inks, featuring three new intense colours: Yellow, Blue, and Beige. These inks enhance printing quality and offer more uniform tones, expanding the colour range for ceramic digital printing.
- January 2025 - Torrecid launched ECOINKCID, a water-based ink that reduces organic carbon emissions and odours by 85%. Additionally, their 2LOWINKCID inks achieve a 30% reduction in organic carbon emissions and a 75% decrease in odours, emphasizing their commitment to environmental sustainability.
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The global ethyl acetate market size was valued at USD 4.41 billion in 2023 and is projected to grow from USD 4.70 billion in 2024 to USD 8.26 billion by 2032 at a CAGR of 7.3% during the 2024-2032 period. The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethyl Acetate Market Size, Share & COVID-19 Impact Analysis, By Application (Paints & Coating, Printing Ink, Process Solvent, Food & beverage, and Others), and Regional Forecast, 2025-2032.”
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
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The report on the ethyl acetate market includes :
- An excellent report on the market
- Vital stats about main regions
- Recent developments
- Wide-ranging data about eminent players
- COVID-19 impact on the market
Hindered Import and Export Activities to Deteriorate Business Amid Coronavirus
The weak demand for ethyl acetate due to coronavirus has resulted in an enormous loss for the market. The restrictions imposed by the governments on import and export activities has further obstructed the growth of the market. For instance, China is the largest producer and exporter is facing a trade war with the US which has further impacted its exports. However, the demand for ethyl acetate from the packaging industry has remained poised owing to the essential supply of packaged food during coronavirus. Besides, the weakened construction industry on account of labor shortage can consequently impede business proceeding for the market in the near future.
Regional Analysis :
High Production of Ethyl to Promote Growth in Asia Pacific
The market size in Asia Pacific stood at USD 2,312.3 million in 2019 and is expected to dominate the global market owing to the growing production of chemicals in China, India, Indonesia, Taiwan. China is the largest manufacturer and exporter of ethyl acetate in the world. In India, sugarcane molasses is the largest source of ethanol production, thus aiding in ethyl acetate creation in large quantities. Moreover, India exports substantial quantities of ethyl acetate to Europe. The ongoing export activities will back the growth of the market in Asia Pacific. Europe is expected to exhibit a high growth rate owing to the increasing consumption of ethyl acetate. The presence of major paints & coating manufacturing companies such as Akzo Nobel, BASF, Jotun, and others will further foster growth in the region. The market in North America is expected to hold a relatively small market share compared to other regions.
Market Driver :
Growing Utilization of Printing Ink to Support Development
The developing printing ink industry in various regions around the world will contribute positively to the growth of the market. The growing consumption of ethyl acetate in the manufacturing of printing ink will foster the healthy growth of the market. The evolving lifestyle of people will influence the healthy growth of the market. The increasing juggernaut production capacities of required solvents such as ethyl solvents used in the manufacturing of printing ink will have a tremendous impact on the market. Moreover, the desired properties of ethyl acetate make it ideal for manufacturing both flexographic and rotogravure printing inks. Hence, the growing demand for flexographic and rotogravure printing inks will simultaneously enable speedy expansion of the market in the forthcoming years.
The Report Lists the Main Companies in this Market:
- INEOS (UK)
- Celanese (US)
- Eastman Chemical (US)
- Jiangsu Sopo (China)
- Jiangmen Handsome (China)
- Wuxi Baichuan (China)
- Jubliant (India)
- GODAVARI BIOREFINERIES LTD. (India)
- Sekab (Sweden)
- Korea Alcohol (South Korea)
- IOL Chemicals and Pharmaceuticals (India)
- Other players
Key Development :
August 2019: Celanese Corporation, a renowned player in the ethyl acetate market, announced that it has increased the price of its ethyl acetate product in the European market. It increased the cost by around EUR 110 per ton.
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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:
Fortune Business Insights Pvt. Ltd.
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Phone:
US: +18339092966
UK: +448085020280
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