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:

What does the report cover?

• Detailed segmentation by type, application, and region.
• Profiles of top market players and recent industry developments.
• Key market drivers, trends, and restraints influencing future growth.

Drivers and Restraints:

What factors are driving the activated carbon market growth?

• Rising adoption of air purification systems – increasing air pollution and health concerns are pushing consumers to install purification systems using activated carbon.
• Growing demand for safe drinking water – particularly in emerging economies, boosting usage in water treatment plants.

What are the key challenges restraining the market?

• Rising raw material prices for activated charcoal production.
• Limited availability of raw materials, which could affect supply and increase costs.

Regional Insights:

What regions are covered in the market analysis?

• The market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• Asia Pacific dominates due to high consumption in India and China, where water treatment demand is growing rapidly.
• North America is witnessing strong growth owing to rising adoption of air and water purification solutions.

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.

Key Industry Development:

• 
  

  May 2024:   Kuraray Co., Ltd. and its U.S. subsidiary Calgon Carbon Corporation announced plans to acquire Sprint Environmental Services, LLC’s industrial reactivated carbon business.

• 
  

  March 2023:   Cabot Corporation launched its EVOLVE technology program to recover carbon from end-of-life tires, reducing waste and carbon footprint.

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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The global   marble market   size was valued at USD 69,520.45 Million in 2024. The market is projected to grow from USD 73,026.46 Million in 2025 to USD 93,526.35 Million by 2032 at a CAGR of 3.78% during the forecast period.   Marble is a metamorphic rock composed of recrystallized carbonate materials, primarily calcite or dolomite. It reforms through the transformation of limestone under high pressure and temperature. Its beauty and durability have resulted in its multiple applications. It is widely adopted in architecture and sculpture, adorning buildings, monuments, and artworks.

The COVID-19 pandemic significantly impacted the global market. Lockdowns and health concerns resulted in the closure and minimized operations of quarries and processing facilities in major marble-producing nations and a decline in production. However, the market experienced recovery as restrictions were eased. The increasing demand for residential projects supported the market's growth.

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

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Segmentation:

White Color Captured Largest Market Share Due to its Widespread Adoption in Building and Construction Projects

Based on color, the market is classified into white, black, yellow, red, and others. The white color segment captured the largest marble market share in 2023 and is projected to grow significantly in the coming future. This growth is influenced by its widespread adoption in building and construction projects in flooring, walls, and countertops, driven by its durability and aesthetic appeal.

Building & Construction Dominated Market Due to Durability and Aesthetic Appeal of Marble

Based on application, the market is segmented into building & construction, statues & monuments, furniture, and others. The building & construction segment accounted for the largest share of the market in 2023. This growth can be attributed to its properties, such as durability, aesthetic appeal, and versatility as a building material.

With respect to region, the market covers North America, Latin America, Europe, the Asia Pacific, and the Middle East & Africa.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, colors, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Increasing Need for Sustainable Construction to Fuel Market Expansion

Marble, being a renewable resource, can be extracted with reduced carbon emissions when sourced properly. Its longevity is also a contributing factor supporting sustainable construction. Buildings and structures made from this material necessitate less maintenance and tend to have extended lifespans in comparison to those constructed with less durable materials. This durability property also minimizes the requirement for frequent replacements and lowers wastage, appealing to sustainable construction. These factors contribute to the overall marble market growth.

However, market growth is restricted by the constraining factor of the availability and affordability of high-quality raw materials.

Regional Insights:

Europe Held Dominant Market Share Due to Product’s Historical and Cultural Significance

The European region held the dominant market share, generating a value of USD 31.08 billion in 2023. The region’s growth can be attributed to the historical and cultural significance of the product and its application in high-end construction and design.

The North American region is expected to witness growth. Residential and commercial construction activities in the region significantly contribute to its market growth.

Competitive Landscape:

Major Players to Focus on Price, Quality, and Variety of Marble Types Offered to Maintain Their Competitiveness in Market

Some of the major players operating in this market are Levantina y Asociados de Minerales SA, Polycor Inc., Daltile, Temmer Merme, and Antolini Luigi & CSpa. The market is characterized by fragmentation with several players of different sizes, from local quarry operations to large, vertically integrated companies. The market is highly competitive and based on factors such as price, quality, variety, and value-added services.

Notable Industry Development:

May 2023:   Polycor Inc. acquired ROCAMAT, a major player in the international building stone production sector and a major natural stone producer in France. ROCOMAT operates 30 limestone quarries and four processing facilities in France. This acquisition aims to foster new growth opportunities for Polycor in the country.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Levantina y Asociados de Minerales, S.A. (Spain)
• Polycor Inc. (Canada)
• Daltile (U.S.)
• Temmer Mermer (Turkey)
• Antolini Luigi & CSpa (Italy)
• TOPALIDIS S.A. (Greece)
• Dimpomar (Portugal)
• Fox Marble, Inc (U.K.)
• Kangli Stone Group (China)
• Best Cheer Stone (U.S.)

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The global   blow molded plastics market   size was USD 77.07 billion in 2019, and it is projected to reach USD 100.13 billion by 2027, exhibiting a CAGR of 2.8% during the forecast period. Blow molding is a cost-effective way of manufacturing plastics wherein a heated plastic is molded into a cavity that eventually forms a hollow material or object. The high efficiency of this product, coupled with its low cost, makes it a preferred choice among manufacturers. The massive investments in upgrading manufacturing methods and increasing efforts in product R&D will have a huge impact on the growth of the overall market in the coming years. The presence of several large scale manufacturers across the world, driven by the rising demand and applications of the product will bode well for the growth of the market in the coming years. Additionally, the increasing applications of blow molded plastics across diverse industry verticals will create several growth opportunities.

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Segmentation Analysis:

By Resin Analysis:
Polyethylene accounted for the largest share of the global blow molded plastics market in 2019. It is further segmented into high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Among these, HDPE is the most widely used due to its mold-friendly nature, ease of coloring, translucency, and chemical inertness. HDPE is commonly used in consumer products such as shampoo bottles, household cleaning products, and toys. In contrast, LDPE is primarily used in squeeze bottles, caps, and closures.

By Molding Method Analysis:
Extrusion blow molding dominated the market in 2019, holding 32.89% of the global share. It is the most cost-effective blow molding method and is widely used to manufacture bottles from various plastic resins, including HDPE, PVC, and PP.

By Application Analysis:
The packaging segment held the largest market share in 2019. Blow molded plastics are preferred in packaging applications due to their high tensile strength and versatility. Most bottles and containers are produced using blow molding techniques, and their proven safety in food & beverage, pharmaceutical, and medical applications is expected to drive market growth.

Although Product Demand is High, Covid-19 Pandemic to affect Manufacturing Sectors

The recent coronavirus outbreak has created a sense of panic across the world. Although the impact on the pandemic on the blow moulded plastics is nowhere close to what a few other industries have witnessed, there are still a few drawbacks. The efforts taken to curb the spread of the disease have had a negative impact on the market in recent years. Accounting to the rapid spread of the disease, manufacturing sectors have been shut down due to lack of manpower and human labor. As a result, there is a huge demand-supply gap in the global market. The slow recovery rate will affect the growth of the market in the foreseeable future.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies Across the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive demand and increasing applications of blow-molded plastics across the world, companies are focusing on adopting strategies that will help them standout in the competitive environment. In June 2020, Alpha announced that it has completed the acquisition of Bopla S.A. Alpha’s packaging solutions will be enhanced by Bopla’s blow molded and injection solutions. The latter holds an exceptional portfolio in the blow molding segment and this acquisition will not just help Alpha grow but will also influence the growth of the overall blow molded plastics market in the foreseeable future. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

Asia Pacific to Emerge Dominant; Demand for Innovative Packaging Solutions to Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for blow molded plastics in this region is consequential to the increasing applications in the food and beverage industry. The product is widely used as a packaging material in several other industries across this region. The increasing population in countries such as India and China will cater to the increasing production capacities of manufacturers in this sector. As of 2019, the market in Asia Pacific was worth USD 37.96 million and this value is projected to rise at a considerable pace in the coming years.

Key Industry Development:

• November 2018 : Krones, a filling and packaging equipment manufacturer, which also includes blow molded machines acquired MHT Holding AG, a mold and hot runner supplier for PET performs, based in Germany. This acquisition was done to expand company’s PET value chain to meet the increasing demand from customers.
• March 2018:  IntraPac International Corporation, a manufacturer of rigid packaging solutions acquired Quality Plastics, LLC, a manufacturer of custom extrusion blow molded containers, based in Arizona. With this acquisition IntraPac will further expand manufacturing footprint in the West Coast and expand their product offering into high density polyethylene bottles segment.

List of companies profiled in the Blow Molded Plastics Market Report:

• Apex Plastics (U.S.)
• Inpress Plastics Ltd. (UK)
• Garrtech, Inc. (Canada)
• Berry Global, Inc. (U.S.)
• Comar, LLC (U.S.)
• Rutland Plastics Ltd. (UK)
• The Plastic Forming Company, Inc. (U.S.)
• Agri-Industrial Plastics (U.S.)
• Creative Blow Mold Tooling (U.S.)
• North American Plastics, Ltd. (U.S.)
• INEOS Group (UK)
• Other

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The global   amorphous soft magnetic materials market   is set to gain traction from the increasing research activities to develop new fabrication methods. Several researchers are striving to blend amorphous and nano-crystalline alloys for improving ductility & thermal stability. Fortune Business Insights™ presents this information in a new study, titled, “Amorphous Soft Magnetic Materials Market Size, Share & Industry Analysis, By Application (Electronic Article Surveillance, Flexible Antenna, Magnetic Sensors, Magnetic Shielding, Transformers, and Others), and Regional Forecast, 2025-2032.” The study further mentions that the amorphous soft magnetic materials market size was USD 522.4 million in 2019 and is projected to reach USD 728.5 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.

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Drivers & Restraints-

What is driving the growth of the amorphous soft magnetic materials market?
The market is growing due to the   high demand for amorphous alloys, which are made of cobalt, nickel, iron, silicon, phosphorus, carbon, and boron. Industrial users are seeking materials that help   reduce operating costs, save energy, and improve efficiency. Amorphous alloys meet these needs with properties such as   high mechanical strength and low coercive field, boosting market growth.

What factors could restrain the market growth?
The market growth may be   hampered by the availability of substitute soft magnetic materials, which can compete with amorphous alloys for similar applications.

Segmentation Analysis-

Which application segment leads the market and why?
The   transformers segment   leads the market, holding   55.9% share in 2019. Amorphous alloys are widely used in transformer cores,   improving efficiency and reducing overall weight, making them the preferred material in this application.

Regional Analysis-

Asia Pacific to Dominate Stoked by Rising Development of Transformers in China

Regionally, Asia Pacific generated USD 286.1 million in terms of revenue in 2019. This growth is attributable to the major contributions of China. It is considered to be one of the largest manufacturers of amorphous metal transformers, thereby resulting in the surging demand for amorphous soft magnetic materials. Apart from that, the rising usage of electric vehicles (EVs) in this country is set to augment the market growth in Asia Pacific. Europe, on the other hand, is expected to remain in the second position stoked by the presence of a well-established electronics industry in Germany. 

Competitive Landscape-

Key Players Aim to Launch New Amorphous Soft Magnetic Materials to Intensify Competition

The market for amorphous soft magnetic materials consists of a wide range of companies functioning from across the globe. They are trying to strengthen their positions and overtake their rivals by introducing state-of-the-art products in the market. Below are two of the latest industry developments:

• June 2020 : Metglas®, Inc. introduced its latest amorphous metal transformer core product. It is specially developed with Metglas® 2605HB1M transformer core alloy.
• January 2018 : Hitachi Metals, Ltd. created MaDC-A™. It is equipped with the Fe-based amorphous alloy called Metglas®. It also possesses approximately 25% lower core loss, unlike the traditional products.

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The global   castor oil derivatives market   size is expected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing demand for organic cosmetics products will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Castor Oil Derivatives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sebacic Acid, Ricinoleic Acid, Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Dehydrated Castor Oil and Others), Application (Cosmetic & Pharmaceuticals, Plastic & Resins, Lubricants, Biodiesel, and Others) and Regional Forecast, 2025-2032.” The market size stood at USD 1,035.4 million in 2019.

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Segmentation Analysis:

By Product Type Analysis

Sebacic acid is a bio-based and unique feedstock for the production of biopolymers. Owing to performance benefits such as durability, hydrophobicity, flexibility, and low melting points, it is widely adopted in the manufacturing of polyamides. Moreover, sebacic acid is adopted as an additive in lubricants, as a buffering agent in personal care products, as a corrosion inhibitor, and in the production of esters.

By Application Analysis

In 2019, the Plastic & Resin segment held the largest castor oil derivatives market share of 36.5% in the global market. These oil derivatives are extensively used in the manufacturing of plastic & resins, which are further used in paint, coating, inks, and other polymer applications. For instance, 12-hydroxy stearic acid is used as a feedstock to produce acrylic polymers. Moreover, the increase in the consumption of bioplastics globally is fueling demand for castor oil and its derivative in bioplastic production.

Market Driver :

Growing Demand for Castor Oil Derivatives to Drive Market Growth

The rising awareness of castor oil’s advantages over traditional oils like cotton, coconut, soy, and corn is expected to boost market growth. Its versatile physicochemical properties and expanding use in lubricants, oleo-chemicals, cosmetics, pharmaceuticals, bioenergy, and more will fuel demand. Additionally, the shift toward green chemicals will further support market expansion.

Declined Production to Retard Business Amid Coronavirus

The production of castor oil has dropped severely due to the coronavirus outbreak. The halt on manufacturing sites, inadequate feedstock, and manpower will harshly affect the global market. Disturbed supply chain and deteriorated manufacturing facilities have resulted in an enormous loss for the industry. However, the ease on lockdowns by the governments will subsequently facilitate the recovery of the market in the near future.

Key Development :

December 3, 2019:   Eni, a leading energy company based in Italy signed an MoU with the Societè National de Distribution des Petroles to develop castor cultivation to be used in the production of biodiesel.

The Report List the Main Companies in the   Castor Oil Derivatives Market:

• HengshuiJinghua Chemical Co., Ltd. (China)
• K. Proteins Pvt. Ltd. (India)
• Thai Castor Oil Industries Co. Ltd. (Thailand)
• Sebacic India Pvt. Ltd. (India)
• HOKOKU Co. Ltd. (Japan)
• Adani Wilmar Ltd. (India)
• GokulAgri International Ltd. (India)
• RPK Agrotech (India)
• Arvalli Castor Derivatives Pvt Ltd. (India)
• Krishna Antioxidants Pvt. Ltd. (India)

Regional Analysis :

High Availability of   Castor Seeds to Augment Growth in Asia Pacific

The market in Asia Pacific is expected to experience a rapid growth rate owing to the growing production and distribution of oils in the region. China is a global leader in the sebacic acid with a production capacity of more than 210-kilo tons per year. According to The Solvent Extractors Association of India, China holds around 40% of castor oil export from India followed by Europe 30-35%.The high availability of castor seeds will Further promote healthy growth of the market in Asia Pacific. India is a major producer & exporter of castor oil and castor oil derivatives such as 12-hydroxy stearic acid, castor wax, dehydrated castor oil, undecylenic acid. Europe is expected to rise tremendously during the forecast period owing to the rising adoption and favorable government regulations regarding the use of bio-based chemicals.

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The   European glass packaging market   size was valued at USD 19.24 Billion in 2019 and is projected to reach USD 33.07 Billion by 2032, at a CAGR of 4.45% during the forecast period based on our analysis in the existing report. Glass packaging remains a preferred choice in the food and beverage industry due to its inertness, consumer safety, and 100% recyclability, making it a highly sustainable solution. It is also widely used in cosmetics, pharmaceuticals, and fragrances. Despite COVID-19 disrupting most industries in Europe, glass packaging production continued as an essential commodity, playing a crucial role during the crisis, though demand declined sharply in early 2020.

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Drivers & Restraints-

Growing Popularity of Bottled Beverages to Add Impetus to Market

The increasing demand for glass packaging from the food and beverage sector is a key factor boosting the Europe glass packaging market growth. Most of the alcoholic and non-alcoholic beverages such as milk, beer, sauces, juices, and others are packed in glass containers and bottles as glass helps to maintain the authenticity of the product stored in it without disrupting the taste or smell. Additionally, the increasing awareness about health and fitness and the rising inclination of people towards healthy food and drinks are expected to aid in the expansion of the market in the coming years.

On the contrary, the presence of substitutes such as plastic, paper and board, and metal packaging may hamper the market growth in the coming years. The increasing popularity of metal cans is likely to cause major hindrance to the europe glass packaging market. Nevertheless, the rising awareness about environment-friendly products is propelling the use of sustainable and eco-friendly packaging, thereby creating lucrative growth opportunities for the market in the near future.

Segmentation-

Beverages Segment to Cover Largest Share in the Coming Years

With respect to segmentation by end-use industries, the beverage segment earned 73.18% Europe glass packaging market share in 2019 and emerged dominant. The beer industry holds the major share, contributing to maximum shares in the beverage sector. Food industry, on the other hand, holds the second largest share.

Regional Analysis-

West European Nations hold Highest Share Owing to Increasing Inclination towards Environment-friendly Products

Nation wise, the western nations such as the United Kingdom, France, Germany, and Italy are holding more than 55% share and held the largest market share in 2019. They are further expected to continue doing so in the coming years owing to the rising inclination towards environment-friendly packaging products.

Competitive Landscape-

Vendors are Engaging in Joint Ventures to Gain Competitive Edge

The competitive landscape of the market for Europe glass packaging is bestowed by many players. Most of them are engaging in joint ventures and other collaborative agreements to hold significant position in the europe glass packaging market competition. The others are investing in strengthening their portfolio by expanding to other nations such as Portugal and Spain.

Some Industry Developments of the Market include:

October 2019 –   Renovation of clear-glass furnace was successfully completed by Gerresheimer AG. It installed a new and improved technology in the factory will help to reduce the energy needs and multiply the overall glass production capacity for its consumers in the healthcare and pharmaceutical industry.

Some of the Key Players of the Market for Europe Glass Packaging include

• Ardagh Group S.A.
• Steklarna Hrastnik, d. o. o.
• Bruni Glass
• Groupe Pochet
• Vetropack Group
• Gerresheimer AG
• HEINZ-GLAS GmbH & Co. KGaA
• Verallia
• Bormioli Luigi SpA
• Stolzle-Oberglas GmbH
• Others

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The global   sterilization pouches market   size is projected to reach USD 44,612.37 million by 2027, exhibiting a CAGR of 5.51% during the forecast period. Spread of infections through contaminated medical devices is set to spike the demand for sterilization containers, shares Fortune Business Insights™ in its report, titled “ Sterilization Pouches Market Size, Share & Industry Analysis, By Type (Sterilization Pouches {Paper Pouches, Plastic Pouches}, Sterilization Wrapping, Sterilization Containers and Others), By Application (Hospitals, CSSDs, Clinics & and Others) and Regional Forecast, 2025-2032 ”. Medical devices are indispensible items in any healthcare facility, being employed in various kinds of health procedures. These devices need to be stored in sterile environments to prevent them from getting contaminated. However, medical equipment is one of the primary causes of spread of healthcare-associated infections. According a 2018 study of the Centers for Disease Control and Prevention (CDC), temporary medical devices such as urinary catheters were a frequent cause of spread of infections in healthcare facilities in the US between 2015 and 2017. Sterilization pouches are, therefore, crucial in maintaining the sterility standards of the devices used for healthcare purposes, which is the primary factor driving the market growth.

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Market Restraint

Increasing Generation of Plastic Waste by Medical Facilities to Stem Market Growth

Medical facilities generate enormous amounts of plastic waste, since majority of instruments and equipment used in these facilities contain plastics. According to the US Healthcare Plastics Recycling Council, 40% (approximately 5 million pounds) of plastic waste generated in US hospitals is from sterilization pouches and wraps. As a result, there is growing clamor for the use of reusable and recyclable plastic sterilization products in hospitals. Surveys conducted by Practice Greenhealth, a non-profit organization dedicated to make hospitals more sustainable, found that hospitals that had replaced sing-use plastic devices with reusable ones have experienced a significant decline in waste generation. Greenhealth also opines that reusable medical products can also reduce costs by a sizeable margin for healthcare facilities.

Regional Insights

Consistent Access to Quality Healthcare to Ensure Stable Product Demand in North America

In 2019, the market size in North America stood at USD 9,534.68 million and the region is expected to dominate the sterilization pouches market share in the forthcoming years. The main reason for this is the assured access to standard healthcare services and products to populations across the region. Moreover, per capita healthcare expenditure in Europe is also considerably high compared to other countries, which is further fueling the growth of the regional market.

The market in Europe is anticipated to showcase promising growth owing to active adoption of advanced sterilization solutions in healthcare facilities in Western Europe. In Asia Pacific, healthcare expenditure is steadily rising, especially in India and China, which augurs well for the global market.

Competitive Landscape

Key Players to Focus on Optimizing Response to the COVID-19 Outbreak

The COVID-19 pandemic has forced companies in this market to leverage their expertise in optimizing their response to this unprecedented health crisis. With the usage of medical devices surging worldwide, the demand for sterilization pouches and similar products is also escalating, compelling players to augment production capacities to meet this demand.

Industry Developments:

May 2020:   STERIS plc received another Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for decontamination of N95 respirators. The company has created a decontamination cycle for hospitals to utilize its AMSCO Steam Sterilizers which use hydrogen peroxide to decontaminate respirators.

December 2019:   US-based M&Q Packaging created a new line of dry heat and steam sterilization pouches closures, with the ability to withstand high temperatures and resist chemical wear & tear. The product was custom-engineered for a customer, leading the company to innovate an “easy close” flap solution.

List of Companies Profiled in this Market Report:

• STERIMED (US)
• Cantel Medical Co. (US)
• Proampac (US)
• Wihuri (China)
• Certol International (US)
• Smurfit Kappa (Ireland)
• PMS Healthcare Technologies (US)
• 3M (US)
• Berry Global (US)
• Amcor plc (Australia)
• AMD Medicom Inc. (Canada)
• Cardinal Health (US)
• Shanghai Jianzhong Medical Equipment Packing Co., Ltd. (China)
• Bischof+Klein (Germany)
• STERIS (Ireland)
• Getinge Group (Sweden)
• Dynarex Corporation (US)
• Mondi Group (Austria)

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

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Segmentations Analysis:

Which type segment dominates the steel slag market?

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

Which application segment leads the market?

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

Drivers and Restraints:

What is driving the growth of the steel slag market?

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

What are the key restraints?

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

Regional Insights:

Which region leads the global market?

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

What is driving growth in Europe?

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

Competitive Landscape:

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

Key Industry Development:

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

List of Key Players Profiled in the Report:

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

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Fortune Business Insights Pvt. Ltd.

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Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone

US: +18339092966

UK: +448085020280

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Email :  sales@fortunebusinessinsights.com