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Thermoplastic Elastomer Market Overview: Key Drivers and Challenges
The global thermoplastic elastomer market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. The rising demand for lightweight, durable, and recyclable materials is fueling market expansion, with innovations in material development further driving adoption.
The report offers?
The report on the thermoplastic polyurethane market uncovers excellent insights into the market, systematic data with detailed analysis, market dynamics & aspects demonstrating development and growth, meticulous information about vital players in the market, and procured statistics about dominant regions.
Get a Free Sample Report - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/thermoplastic-elastomer-tpe-market-104515
Key Market Drivers
Growth in Automotive Industry
Increasing use of TPEs in automotive applications such as seals, gaskets, interior components, and bumpers to enhance fuel efficiency by reducing vehicle weight.
Rising Demand for Eco-Friendly Materials
Growing awareness of sustainability is pushing manufacturers to develop recyclable and bio-based TPEs.
Expansion in Medical Applications
TPEs are widely used in medical devices, tubing, and wearable devices due to their flexibility, biocompatibility, and ease of sterilization.
Versatility Across Industries
TPEs’ ability to replace traditional materials in footwear, construction, and consumer goods applications is driving market growth.
Advancements in Material Technology
Development of high-performance TPE grades with enhanced thermal, mechanical, and chemical properties is opening new application areas.
Thermoplastic Polyurethane Market Segmentation
By Type of TPE
Styrenic Block Copolymers (SBCs)
Widely used in adhesives, sealants, and coatings.
Thermoplastic Polyolefins (TPOs)
Primarily used in automotive applications for impact resistance and durability.
Thermoplastic Polyurethanes (TPUs)
Preferred in footwear, medical devices, and consumer electronics for their abrasion resistance and flexibility.
Thermoplastic Vulcanizates (TPVs)
Used in automotive and industrial applications due to their high heat resistance.
Copolyester Elastomers (COPEs)
Known for their high strength and chemical resistance, ideal for engineering applications.
Others (Nylon-based, Bio-based TPEs)
Emerging materials with niche applications in sustainable and specialty markets.
By End-Use Industry
Automotive
The largest application segment, driven by the need for lightweight and durable materials.
Building & Construction
TPEs are used in roofing membranes, sealants, and insulation materials.
Medical
Includes applications in tubing, catheters, and wearable devices.
Footwear
Growing demand for lightweight and comfortable shoes is boosting TPE use in soles and uppers.
Consumer Goods
Includes applications in electronics, toys, and household items.
Others
Includes industrial and agricultural applications.
By Region
North America
Strong demand from the automotive and medical sectors.
Europe
Focus on sustainability and high-quality materials drives market growth.
Asia-Pacific
The largest and fastest-growing region due to rapid industrialization and a booming automotive industry.
Rest of the World
Moderate growth, with opportunities in emerging markets.
Regional Insights:
Expanding Infrastructure to Fuel Growth in APAC
High rates of growth and development and population growth and industry consolidations have resulted in innovation and development, establishing APAC as a global industrial powerhouse. In addition, the expanding infrastructure and increasing product demand in the construction industry will improve the prospects of the market in the forthcoming years. The growing need for high-performance materials is propelling the TPU market in Asia Pacific to new heights. Moreover, the high demand for polyester-based thermoplastic polyurethane from the electronics sector is driving the rise in North America. Furthermore, increased demand for footwear due to increased disposable income would drive market expansion in this region. The fast-developing automobile sector in nations like Germany, France, and the United Kingdom will boost market expansion in Europe.
Emerging Trends
Sustainability and Bio-Based TPEs
Increasing development and adoption of bio-based and recyclable TPEs to reduce environmental impact.
Growing Adoption in 3D Printing
Use of TPE filaments in additive manufacturing is opening new avenues for customization and rapid prototyping.
Advancements in Automotive Applications
Increasing use of TPEs in electric vehicles (EVs) for weight reduction and energy efficiency.
Miniaturization in Medical Devices
Demand for TPEs is growing in wearable and minimally invasive medical devices.
Increased Focus on Customization
Development of tailor-made TPE grades for specific applications across industries.
Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515
Competitive Landscape
The thermoplastic elastomer market is highly competitive, with key players focusing on R&D and strategic collaborations to expand their market presence. Leading companies include:
BASF SE
SABIC
Dow Inc.
Kraton Corporation
LG Chem Ltd.
Covestro AG
Asahi Kasei Corporation
Mitsubishi Chemical Corporation
Arkema S.A.
Teknor Apex Company
These companies are driving innovation in bio-based and high-performance TPEs to meet the evolving demands of various industries.
Future Outlook
The thermoplastic elastomer market is poised for steady growth, driven by advancements in material science, increasing demand for lightweight and durable materials, and expanding applications in emerging markets. The Asia-Pacific region is expected to lead in growth, while North America and Europe will remain key innovation hubs.
Conclusion
The thermoplastic elastomer market is transforming industries with its unique combination of flexibility, durability, and sustainability. As industries move toward lightweight, high-performance, and eco-friendly solutions, TPEs will play a pivotal role in shaping the future of manufacturing and product design.
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Emerging Trends in the 3D Printing Plastics Market You Need to Know
The global 3D printing plastics market was valued at USD 1.26 billion in 2022. It is projected to grow from USD 1.55 billion in 2023 to USD 7.46 billion by 2030, exhibiting a CAGR of 25.1% during the forecast period.
3D printing technology builds three-dimensional objects by layering material in a digital design or model. The 3D-printed plastic model is digitally divided into horizontal layers using specialized software, creating sets of instructions for the 3D printer. The versatility of 3D-printed plastics increases its use in various applications, such as automotive, consumer products, and healthcare, driving the growth.
Fortune Business Insights™ mentioned this in a report titled, “3D Printing Plastics Market, 2023-2030.”
Get Free Sample Report- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/3d-printing-plastics-market-108834
Competitive Landscape
Strong Regional Presence of Key Players to Propel Market Growth
The leading market players’ strong geographical presence, product offerings, and distribution channels boosts the market growth. The engagement of the key market players in research and development to provide enhanced features and produce superior quality to drive market expansion.
Key Industry Development
October 2023 – Evonik launched a new grade of 12 Polyamide powders to unbound 3D printing on the bio circular raw materials. The launch is the first Polyamide power material produced for industrial uses that replaces 100 percent of fossil feedstock with bio-circular material.
List of Key Players Present in the Report:
HP Development Company, L.P (U.S.)
Evonik Industries AG. (Germany)
Stratasys (U.S.)
3D Systems, Inc. (U.S.)
Arkema S.A. (France)
Henkel Corporation (Germany)
EOS GmbH Electro Optical Systems (Germany)
Solvay S.A.(Belgium)
Huntsman Corporation (U.S.)
SABIC (Saudi Arabia)
3D Printing Plastics Market Segments
Polylactic Acid Segment to Lead Owing to its Unique Qualities
By type, the market is divided into Polylactic Acid, ABS, Polyamide, Polycarbonate, and others. The Polylactic Acid segment held the largest 3D printing plastics market share in 2022 and is also the fastest-growing segment in the market. The growth is attributed to the use of Polylactic Acid in different applications owing to its unique properties.
Growing Adoption and Utilization of 3D Printing Technologies to Aid Aerospace & Defense Segment Growth
Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, electronics & electrical, consumer goods, and others. The aerospace & defense segment held the largest market share. The growth is attributed to the growing adoption and utilization of 3D printing technologies, especially with different plastic types, owing to customization, precision, and weight-saving capabilities.
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Rising Technological Innovations in 3D Printing to Boost Market Growth
The increasing technological innovations in 3D printing, printer capabilities, and materials boost the 3D printing plastics market growth. The advancements in multi-material capabilities, speed, and precision are expanding the 3D printing applications with plastics.
However, meeting the safety and quality standards of the healthcare and aerospace industries and obtaining certifications for 3D-printed parts can be challenging and may impede market growth.
Get More Info- https://www.fortunebusinessinsights.com/3d-printing-plastics-market-108834
Regional Insights
Rising Demand for Commercial Aerospace Products to Drive Market Growth in North America
North America held the largest 3D printing plastics market share and accounted for USD 0.51 billion in 2022. The growth was attributed to the demand for commercial aerospace products, including passenger aircraft, in the region.
Asia Pacific accounted for a significant market share. The growth is attributed to the fast-growing manufacturing industries, including automotive and consumer goods in the region.
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Eco-Friendly Baby Food Packaging Market Innovations and Trends
The Baby Food Packaging Market is a dynamic segment of the global packaging industry, driven by the rising demand for convenience, safety, and sustainability in baby food products. With increasing urbanization, a growing population of working parents, and rising awareness of infant nutrition, the market has witnessed significant growth. Manufacturers are prioritizing innovative packaging solutions that are lightweight, eco-friendly, and maintain the nutritional quality of baby food.
Market Overview
The global baby food packaging market size was valued at USD 6.65 billion in 2023. The market is projected to grow from USD 7.04 billion in 2024 to USD 11.42 billion by 2032, exhibiting a CAGR of 6.24% during the forecast period. Factors such as the growing preference for ready-to-eat baby food, advancements in packaging technologies, and the increasing focus on sustainability are expected to fuel market growth.
Key Market Drivers
Growing Demand for Convenience
With the rise in dual-income households, there is an increasing preference for ready-to-eat and on-the-go baby food products, boosting the need for convenient packaging solutions.
Focus on Sustainability
The shift toward eco-friendly and biodegradable packaging is a key driver, as parents and brands become more environmentally conscious.
Safety and Hygiene Concerns
Baby food packaging must adhere to stringent safety standards to ensure the food's integrity and quality, leading to innovations in tamper-proof and airtight packaging.
Rising Urbanization and Working Women
Urban lifestyles and an increasing number of working mothers are driving the demand for convenient and portable packaging options.
Growth in E-Commerce
The expansion of online retail channels has led to a surge in demand for durable and aesthetically appealing packaging to withstand shipping and enhance brand visibility.
Get a Free Sample PDF- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/baby-food-packaging-market-109581
Market Segmentation
By Material Type
Plastic: The most widely used material due to its lightweight, flexibility, and cost-effectiveness.
Glass: Preferred for premium baby food products due to its non-toxic and recyclable properties.
Metal: Used for powdered baby formula and other shelf-stable products.
Paperboard: Gaining popularity for eco-friendly and biodegradable packaging solutions.
By Packaging Type
Jars: Glass and plastic jars dominate the market for baby food storage.
Pouches: Flexible and lightweight, pouches are popular for on-the-go consumption.
Cans: Primarily used for powdered milk and formula.
Cartons: Increasingly used for liquid baby food products.
Others: Includes bottles, tubs, and trays.
By Application
Dried Baby Food: Includes powdered milk and cereals, which require airtight and moisture-resistant packaging.
Prepared Baby Food: Ready-to-eat products packaged in pouches, jars, and trays.
Infant Formula: Packaged in cans, cartons, or sachets for long shelf life and convenience.
By Region
North America: Dominates the market due to high disposable incomes and awareness of premium baby food products.
Europe: Focus on sustainable and eco-friendly packaging drives growth in this region.
Asia-Pacific: Fastest-growing market, driven by increasing population, urbanization, and rising middle-class income.
Rest of the World: Moderate growth driven by emerging markets in Latin America and the Middle East.
Emerging Trends
Sustainable Packaging Solutions
Brands are adopting recyclable materials, biodegradable plastics, and reusable containers to reduce environmental impact.
Innovative and Interactive Designs
Packaging with vibrant designs and interactive elements attracts parental attention and enhances brand loyalty.
Smart Packaging Technologies
Smart labels, QR codes, and freshness indicators are gaining traction to assure parents of product quality and traceability.
Personalized Packaging
Customization options, such as printing names or health tips on packaging, are becoming increasingly popular.
Lightweight and Portable Packaging
Flexible pouches and squeezable tubes are gaining demand for their ease of use and portability.
Key Challenges
Environmental Concerns with Plastic
The widespread use of plastic poses challenges for sustainability, leading to regulatory scrutiny.
Stringent Regulations
Baby food packaging must meet high safety standards, which can increase production costs and complicate compliance.
High Costs of Sustainable Materials
Eco-friendly packaging materials are often more expensive, posing challenges for cost-sensitive markets.
Competition from Homemade Baby Food
A growing trend toward homemade baby food may slightly limit the demand for packaged baby food products.
Get More Info- https://www.fortunebusinessinsights.com/baby-food-packaging-market-109581
Competitive Landscape
The baby food packaging market is highly competitive, with key players focusing on sustainable innovations, lightweight materials, and advanced packaging technologies. Major companies include:
Amcor Plc
Berry Global Inc.
Tetra Pak International S.A.
Sonoco Products Company
Gerresheimer AG
Huhtamaki Oyj
Sealed Air Corporation
Mondi Group
Ardagh Group S.A.
AptarGroup, Inc.
These companies leverage R&D and partnerships to cater to evolving consumer demands for safety, convenience, and eco-friendliness.
Future Outlook
The baby food packaging market is poised for substantial growth as consumer preferences continue to evolve toward convenience, sustainability, and safety. Companies investing in eco-friendly innovations and advanced packaging technologies are well-positioned to capitalize on emerging opportunities. The Asia-Pacific region is expected to drive significant growth due to its expanding middle class and rising adoption of packaged baby food.
Conclusion
The global baby food packaging market represents a fast-growing segment with immense potential across diverse regions and applications. With increasing consumer demand for convenient, safe, and sustainable solutions, manufacturers are focusing on innovation to meet evolving needs. As the industry moves toward environmentally friendly materials and smart packaging technologies, the market is set for robust growth in the coming years.
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Composites Market: Analysis of Growth Drivers, Challenges, and Future Scope
The Composites Market has emerged as a key segment in global materials science, driven by increasing demand for lightweight, durable, and high-performance materials across diverse industries such as aerospace, automotive, construction, renewable energy, and consumer goods. Composites, made from fibers and resins, offer superior strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for advanced applications.
Market Overview
The global composites market size was USD 99.91 billion in 2019 and is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. This growth is fueled by rising adoption in the aerospace and automotive sectors, innovations in renewable energy systems, and an increasing focus on sustainable materials.
Key Market Drivers
Lightweight Materials in Automotive and Aerospace
The growing demand for fuel efficiency and emission reduction has accelerated the adoption of lightweight composite materials in automotive and aerospace manufacturing.
Rising Use in Wind Energy
Wind turbines, particularly blades, rely on composite materials for their strength and weight-saving properties. The growth of renewable energy installations globally is a significant driver.
Infrastructure and Construction Applications
Composites are being increasingly used in construction for bridges, reinforcement, panels, and cladding due to their durability and resistance to environmental stressors.
Technological Advancements in Manufacturing
Innovations in production techniques such as 3D printing, automated fiber placement (AFP), and resin transfer molding (RTM) are enhancing the quality and cost-efficiency of composite manufacturing.
Focus on Sustainability
The development of bio-based and recyclable composites aligns with the growing push for environmentally sustainable materials.
Get a Free Sample PDF- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/composites-market-102295
Market Segmentation
By Fiber Type
Glass Fiber Composites: Cost-effective and versatile, widely used in construction, automotive, and consumer goods.
Carbon Fiber Composites: High-strength, lightweight materials primarily used in aerospace, automotive, and sports applications.
Natural Fiber Composites: Emerging segment driven by sustainability trends and eco-friendly solutions.
By Resin Type
Thermoset Composites: Dominant due to their high strength and durability, used in aerospace and wind energy.
Thermoplastic Composites: Gaining traction for recyclability and faster processing times.
By End-Use Industry
Aerospace & Defense: The largest consumer of high-performance composites for structural applications.
Automotive: Increasing use for reducing vehicle weight and improving fuel efficiency.
Renewable Energy: Wind turbine blades and solar panel frames rely heavily on composites.
Construction & Infrastructure: Composites are used for corrosion-resistant and durable structures.
Consumer Goods: Sports equipment, electronics, and household products benefit from lightweight properties
By Region
North America: Leading market with significant aerospace and automotive production hubs.
Europe: Driven by stringent regulations promoting lightweight and energy-efficient materials.
Asia-Pacific: Fastest-growing region due to rising industrialization, construction, and manufacturing in China, India, and Japan.
Rest of the World: Moderate growth driven by infrastructure and renewable energy projects.
Key Challenges
High Production Costs
The cost of advanced fibers (e.g., carbon fiber) and specialized manufacturing techniques limits widespread adoption.
Recycling Limitations
Thermoset composites are difficult to recycle, posing challenges for sustainability.
Competition from Traditional Materials
Steel, aluminum, and other metals continue to compete with composites due to established infrastructure and lower costs.
Lack of Standardization
The absence of global standards for composite materials and processes can hinder market penetration.
Emerging Trends
Recyclable and Bio-Based Composites
Growing innovation in natural and bio-based resins is addressing sustainability challenges.
3D Printing and Additive Manufacturing
The integration of 3D printing technologies allows for customized and complex composite structures with reduced material waste.
Composites in Electric Vehicles (EVs)
The growing EV market is driving demand for lightweight composites in battery enclosures, body panels, and structural parts.
Advanced Composite Applications in Construction
Use of composites for bridge decks, reinforcing bars, and high-rise building panels is expanding.
Automated Manufacturing
Innovations in automation, including robotic systems for fiber placement and resin infusion, are increasing production efficiency.
Competitive Landscape
The composites market is characterized by intense competition, with key global players focusing on innovation, capacity expansion, and strategic partnerships. Notable companies include:
Toray Industries, Inc.
Hexcel Corporation
SGL Carbon SE
Owens Corning
Teijin Limited
Mitsubishi Chemical Holdings
Solvay S.A.
Huntsman Corporation
These players invest in research and development to create advanced, cost-effective, sustainable composite solutions.
Get More Info- https://www.fortunebusinessinsights.com/composites-market-102295
Future Outlook
The global composites market is poised for strong growth over the next decade, driven by increasing aerospace, automotive, renewable energy, and construction applications. The Asia-Pacific region is expected to dominate the market, while North America and Europe remain at the forefront of innovation and high-value applications. Sustainability and the adoption of advanced manufacturing technologies will play a critical role in shaping the market’s future.
Conclusion
The composites market represents a transformative segment in materials science, offering unparalleled strength, flexibility, and sustainability for diverse industries. As demand for lightweight and high-performance materials continues to grow, composites will remain central to innovation in aerospace, automotive, and renewable energy sectors. Companies that embrace advancements in technology and sustainable solutions are well-positioned to capitalize on the market's expanding opportunities.
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Sodium Lactate Market Specific Opportunities and Trends Affecting the Growth
The Sodium Lactate Market is gaining significant traction globally due to its wide-ranging applications across industries such as food & beverages, cosmetics, pharmaceuticals, and personal care. Sodium lactate, a salt derived from lactic acid, is valued for its excellent humectant properties, pH regulation, and antimicrobial efficacy. With increasing consumer demand for natural and safe ingredients, sodium lactate has become a preferred additive in various formulations.
Market Overview
The global sodium lactate market size was valued at USD 358.9 million in 2023. The market is projected to grow from USD 388.0 million in 2024 to USD 746.6 million by 2032, exhibiting a CAGR of 8.5% during the forecast period 2024-2032. Key growth drivers include its expanding use in food preservation, cosmetic formulations, and pharmaceutical applications. The demand for clean-label products and eco-friendly ingredients is also expected to boost market growth.
Key Market Drivers
Growing Demand in the Food & Beverage Industry
Sodium lactate is widely used as a preservative and flavor enhancer in processed foods and beverages. Its antimicrobial properties extend shelf life, catering to the demand for longer-lasting and safe consumables.
Increasing Use in Cosmetics and Personal Care Products In skincare and cosmetics, sodium lactate is prized for its humectant and moisturizing properties, aiding in skin hydration and pH regulation. It is frequently found in lotions, creams, and soaps.
Rising Pharmaceutical Applications Sodium lactate is used in intravenous (IV) fluids and injectable medications for electrolyte replenishment and pH buffering. The growing healthcare sector is a significant contributor to market growth.
Focus on Natural and Clean-Label Products With the rising consumer preference for clean-label and minimally processed products, sodium lactate, derived from natural fermentation processes, has become an attractive option for manufacturers.
Eco-Friendly and Sustainable Nature Sodium lactate is biodegradable, making it a sustainable choice for various applications, particularly as industries prioritize environmentally friendly ingredients.
Sodium Lactate Market Segmentation
By Form
Liquid Sodium Lactate: The most common form, used in food preservation, pharmaceutical solutions, and cosmetics.
Powder Sodium Lactate: Gaining popularity for its ease of storage and extended shelf life, used in specific food and industrial applications.
By Application
Food & Beverages: Includes meat products, dairy items, and ready-to-eat meals for shelf-life extension and flavor enhancement.
Pharmaceuticals: Found in IV fluids, injectable solutions, and oral medications.
Cosmetics & Personal Care: Used in moisturizers, shampoos, soaps, and other skincare products.
Industrial Applications: Utilized in biodegradable plastics, chemical formulations, and as a buffering agent.
By End-Use Industry
Food & Beverage Industry: The largest consumer of sodium lactate, driven by demand for shelf-life extension.
Healthcare: Increasing demand for IV and electrolyte replacement solutions.
Personal Care & Cosmetics: Significant growth driven by natural ingredient trends.
Chemical Industry: Used in pH regulation and other industrial applications.
By Region
North America: Dominates the market, driven by robust food processing and pharmaceutical industries.
Europe: Strong growth due to high demand for clean-label and natural products.
Asia-Pacific: Fastest-growing market due to rising consumer awareness and industrialization, particularly in China and India.
Rest of the World: Moderate growth, supported by increasing applications in Latin America and the Middle East.
Challenges
Price Volatility of Raw Materials The cost of raw materials like lactic acid can fluctuate, affecting the production costs of sodium lactate.
Competition from Alternative Ingredients Other preservatives and humectants may compete with sodium lactate, particularly in price-sensitive markets.
Regulatory Restrictions Stringent regulations on additives and preservatives in food and cosmetics can impact product formulations and market expansion.
Limited Awareness in Emerging Regions While sodium lactate usage is growing, awareness about its benefits remains limited in certain developing economies.
Emerging Trends
Expansion of Natural Preservatives in Food With increasing scrutiny on synthetic additives, sodium lactate is becoming a preferred choice for natural food preservation.
Growth in Clean-Label Cosmetics The clean-beauty trend is pushing cosmetic manufacturers to include eco-friendly and sustainable ingredients like sodium lactate in their formulations.
Rising Use in Bioplastics and Sustainable Packaging Sodium lactate is finding applications in the development of biodegradable plastics, aligning with global sustainability goals.
Customization in Healthcare Formulations Sodium lactate is being incorporated into tailored IV solutions and injectable formulations, expanding its pharmaceutical applications.
Source- https://www.fortunebusinessinsights.com/sodium-lactate-market-110698
Competitive Landscape
The sodium lactate market is moderately consolidated, with several major players driving innovation and expansion. Key market players include:
Cargill, Inc.
Corbion N.V.
Jungbunzlauer Suisse AG
ADM (Archer Daniels Midland)
Merck KGaA
Prathista Industries Ltd.
Henan Jindan Lactic Acid Technology Co., Ltd.
These companies focus on R&D, strategic partnerships, and capacity expansion to cater to rising demand across applications and regions.
Future Outlook
The Sodium Lactate Market is poised for steady growth, driven by its versatile applications across food preservation, cosmetics, pharmaceuticals, and industrial sectors. The increasing demand for natural and clean-label products, coupled with advancements in sustainable practices, is expected to expand the market further. The Asia-Pacific region will likely emerge as a key growth driver, while North America and Europe continue to lead in innovation and product adoption.
Conclusion
The sodium lactate market represents a dynamic and evolving industry catering to diverse sectors. With its multifunctional properties, sustainability, and natural origin, sodium lactate is expected to maintain its position as a valuable ingredient in food, pharmaceuticals, cosmetics, and beyond. Companies investing in innovation and expanding their product portfolios are well-positioned to capitalize on the growing market opportunities.
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3D Printing Plastics Market Size, Share, Trends, Industry Analysis, Report 2024-2032
The global 3D printing plastics market size was valued at USD 1.26 billion in 2022. The market is projected to grow from USD 1.55 billion in 2023 to USD 7.46 billion by 2030, exhibiting a CAGR of 25.1% during the forecast period.
3D printing technology is used to build three-dimensional objects by layering material in a digital design or model. The 3D printing plastics model is digitally divided into horizontal layers by using specialized software, creating sets of instructions for the 3D printer. The versatility of 3D printing plastics increases their use in various applications such as automotive, consumer products, and healthcare, driving the growth.
Fortune Business Insights™ mentioned this in a report titled, “3D Printing Plastics Market, 2024-2032.”
Competitive Landscape
Strong Regional Presence of Key Players to Propel Market Growth
The leading market players’ strong geographical presence, product offerings, and distribution channels boosts the market growth. The engagement of the key market players in research and development to provide enhanced features and produce superior quality to drive market expansion.
Key Industry Development
October 2023 – Evonik launched a new grade of 12 Polyamide powders to unbound 3D printing on the bio circular raw materials. The launch is the first Polyamide power material produced for industrial uses that replaces 100 percent of fossil feedstock with bio-circular material.
List of Key Players Present in the Report:
HP Development Company, L.P (U.S.)
Evonik Industries AG. (Germany)
Stratasys (U.S.)
3D Systems, Inc. (U.S.)
Arkema S.A. (France)
Henkel Corporation (Germany)
EOS GmbH Electro Optical Systems (Germany)
Solvay S.A.(Belgium)
Huntsman Corporation (U.S.)
SABIC (Saudi Arabia)
Segments
Polylactic Acid Segment to Lead Owing to its Unique Qualities
By type, the market is divided into Polylactic Acid, ABS, Polyamide, Polycarbonate, and others. The Polylactic Acid segment held the largest 3D printing plastics market share in 2022 and is also the fastest-growing segment in the market. The growth is attributed to the use of Polylactic Acid in different applications owing to its unique properties.
Growing Adoption and Utilization of 3D Printing Technologies to Aid Aerospace & Defense Segment Growth
Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, electronics & electrical, consumer goods, and others. The aerospace & defense segment held the largest market share. The growth is attributed to the growing adoption and utilization of 3D printing technologies, especially with different plastic types, owing to customization, precision, and weight-saving capabilities.
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Rising Technological Innovations in 3D Printing to Boost Market Growth
The increasing technological innovations in 3D printing, printer capabilities, and materials boost the 3D printing plastics market growth. The advancements in multi-material capabilities, speed, and precision are expanding the 3D printing applications with plastics.
However, meeting the safety and quality standards of the healthcare and aerospace industries and obtaining certifications for 3D-printed parts can be challenging and may impede market growth.
Source- https://www.fortunebusinessinsights.com/3d-printing-plastics-market-108834
Regional Insights
Rising Demand for Commercial Aerospace Products to Drive Market Growth in North America
North America held the largest 3D printing plastics market share and accounted for USD 0.51 billion in 2022. The growth was attributed to the demand for commercial aerospace products, including passenger aircraft, in the region.
Asia Pacific accounted for a significant market share. The growth is attributed to the fast-growing manufacturing industries, including automotive and consumer goods in the region.
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Key Drivers and Restraints in the Global Composites Market
The global composites market size was USD 99.91 billion in 2019 and is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. Asia Pacific dominated the composites market with a market share of 43.8% in 2019. This growth is driven by the rising adoption of lightweight materials in aerospace and automotive industries, advancements in renewable energy infrastructure, and the expanding use of composites in consumer goods and construction.
Key Market Drivers
Demand for Lightweight MaterialsIn industries such as aerospace and automotive, reducing weight is critical for improving fuel efficiency and reducing emissions. Composites provide an ideal solution due to their lightweight yet high-strength properties.
Expansion of Renewable EnergyThe growing installation of wind turbines, which rely on composite materials for their blades, is a significant driver of market growth.
Advancements in Manufacturing ProcessesInnovations such as automated fiber placement (AFP), 3D printing of composites, and advanced resin infusion techniques are enhancing production efficiency and product quality.
Rising Construction and Infrastructure ProjectsComposites are increasingly being used in construction for applications such as bridges, panels, and reinforcement due to their durability and resistance to corrosion.
Sustainability InitiativesThe push toward eco-friendly materials has led to the development of bio-based and recyclable composites, expanding their applications in various industries.
Get a Free Sample PDF- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/composites-market-102295
Market Segmentation
By Fiber Type
Glass Fiber Composites: Widely used due to their affordability and versatility, especially in construction and automotive industries.
Carbon Fiber Composites: High-performance materials used in aerospace, automotive, and sports equipment.
Natural Fiber Composites: Emerging segment driven by sustainability trends and applications in consumer goods and construction.
By Resin Type
Thermoset Composites: Dominant in the market, used for high-strength applications like aerospace and wind energy.
Thermoplastic Composites: Gaining traction due to recyclability and shorter production cycles.
By End-Use Industry
Aerospace & Defense: Largest consumer of high-performance composites for lightweight and durable components.
Automotive: Increasing use of composites to meet fuel efficiency and emission standards.
Construction: Used for bridges, cladding, and reinforcement due to corrosion resistance and durability.
Renewable Energy: Growing demand for wind turbine blades and solar panel supports.
Consumer Goods: Lightweight and aesthetic materials for sports equipment, electronics, and household items.
By Region
North America: Significant market driven by aerospace and automotive industries, along with innovations in composite materials.
Europe: Growth fueled by renewable energy projects, stringent environmental regulations, and advancements in automotive technology.
Asia-Pacific: The fastest-growing region due to rapid industrialization, urbanization, and the dominance of manufacturing hubs in China, India, and Japan.
Rest of the World: Gradual adoption in the Middle East, Africa, and Latin America, driven by infrastructure projects and energy investments.
Emerging Trends
Development of Bio-Based CompositesResearchers are focusing on natural fibers and bio-based resins to create sustainable composite materials for diverse applications.
Increased Automation in ManufacturingThe adoption of robotics and automated processes, such as robotic filament winding and AFP, is reducing production time and costs.
3D Printing of CompositesAdditive manufacturing techniques are enabling the creation of complex composite structures, expanding possibilities in design and functionality.
Applications in Electric Vehicles (EVs)The need for lightweight materials in EVs is driving the adoption of composites in battery casings, body panels, and structural components.
Recycling and Circular Economy InitiativesInnovations in recycling processes, such as chemical recycling of thermoset composites, are addressing environmental concerns and regulatory pressures.
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Green Building Materials Market Size, Share, Growth till 2029
The global green building materials market is expected to gain momentum from their increasing need to construct eco-friendly building structures. Fortune Business Insights™ published this information in an upcoming report, titled, “Green Building Materials Market and Regional Forecast, 2019-2029.” The report further mentions that green building materials include Ferrock, bales, bamboo, recycled plastic, wood, and straw hempcrete.
Information Source- https://www.fortunebusinessinsights.com/green-building-materials-market-102932
Need to Reduce Operational & Maintenance Costs to Aid Growth in Europe
Moreover, the rising preference for eco-friendly buildings owing to their ability to reduce emissions in the atmosphere is set to bolster the green building materials market growth. At the same time, these materials aid in lowering global warming. However, the high demand for green building materials from end-users, as well as the increasing fluctuations in their prices may hamper growth.
Regionally, North America is anticipated to dominate in the coming years by procuring the highest green building materials market share. This growth is attributable to the presence of favorable policies regarding the usage of these materials in the construction industry. The Asia Pacific, on the other hand, is set to retain its second-largest position backed by the expansion of the residential construction sector in the region.
The Middle East & Africa would showcase moderate growth owing to the increasing number of commercial and residential buildings in the region. Lastly, Europe is expected to show considerable growth on account of the high demand for green building materials from hospitality & leisure applications. Additionally, the surging emphasis on lowering maintenance and operational costs of structures is likely to propel the demand for green building materials in the region.
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Surfactants Market Demand, Size, Share, Growth till 2028
The global surfactants market size is projected to reach USD57.81 billion by 2028, exhibiting a CAGR of 4.9% during the forecast period. The market stood at USD 39.42 billion in 2020 and is estimated to reach USD 41.22 billion in 2021. The rising demand for cleaning agents from the household sector is likely to fuel the market growth. Fortune Business Insights™ mentions this information in its report titled "Surfactants Market, 2021-2028."
Browse Complete Report Summary: https://www.fortunebusinessinsights.com/surfactants-market-102385
Rising Demand for Effective Sanitization Methods to Boost Market Growth
This market is expected to be affirmatively impacted amid the COVID-19 pandemic due to the growing demand for the product from household applications. The alarming spike in COVID-19 patients results in the adoption of advanced sanitation solutions. Cleaning agents are used in handwashes, floor cleaners, table cleaners, and others because of their ability to sanitize environments effectively. The rising awareness regarding sanitization and evolving buying preferences is expected to boost the product's demand from the household sector. Manufacturers adopt online retail to expand their market reach and boost sales. These factors may boost the market growth during the pandemic.
Highlights of the Report
The report offers a comprehensive examination of the top segments and the newest trends in the market. It expansively debates the drivers as well as the limiting factors and the influence of COVID-19 on the market. Furthermore, it reviews the regional progressions and the tactics undertaken by the market's vital players.
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Water Proofing Membranes Market Size, Share, Growth till 2027
The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.
Information Source- https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393
Rising Demand for Residential Spaces in Developing Nations to Aid Growth
The high demand for residential spaces, especially in developing countries, on account of the surging population is expected to spur the demand for these membranes in the upcoming years. Also, governments of these countries are constantly taking initiatives to provide the Economically Weaker Section (EWS) with good housing. For instance, India’s Union Housing and Urban Affairs Ministry announced in January 2021 that it approved the construction of more than 168,000 houses under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. However, these membranes contain solvents, diluents, and other additives that often release toxic fumes and VOCs. It may obstruct the waterproofing membrane market growth.
Segments-
Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment
Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth.
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Medical Coatings Market Analysis, Development, Revenue, Future Growth and Forecast to 2027
The global medical coatings market size is expected to reach USD 7,990.0 million by 2027, exhibiting a CAGR of 9.7% during the forecast period. The increasing preference for antimicrobial coatings over disinfectants and other cleaning agents will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Medical Coatings Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The market size stood at USD 3,690.0 million in 2019.
Information Source- https://www.fortunebusinessinsights.com/medical-coatings-market-104536
Heavy Demand for Medical Devices to Aid Market amid Coronavirus
The mounting demand for medical equipment such as PPE (Personal Security Equipment), ventilators, and diagnostic kits among healthcare professionals will ultimately enhance the progress of the market during coronavirus. The need for test kits and ventilators has posed enormous pressure on the medical industry. The European Commission has recently introduced updated harmonized guidelines to speed up the development of surgical masks, gloves, containers for intravenous injections, sterilization instruments, and disinfectants. However, the existing supply chain problems related to the pandemic can relatively affect the market amid coronavirus.
Rising Prevalence of Cardiovascular Diseases to Enable Growth in Europe
The market in Europe is expected to hold the largest share owing to the increasing prevalence of arthritis, cancer, vascular diseases, cardiovascular diseases, and cerebrovascular conditions. The growing number of minimally invasive procedures and surgeries will foster growth in the region. Asia Pacific is expected to expand radically during the forecast period owing to the growing demand for medical devices and tools such as ventilators, endotracheal tubes, catheters, guidewires, angioplasty catheters, delivery heaths, artificial implants, and others. The surging cases of coronavirus in China, India, and Pakistan will spur demand for medical coatings, which, in turn, will stimulate the growth of the market in Asia Pacific.
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Thermoplastic Polyurethane (TPU) Market Size, Share, growth till 2028
The global thermoplastic polyurethane (TPU) market size is expected to reach USD 3.81 billion by 2028 from USD 2.32 billion in 2021, exhibiting a CAGR of 7.3% between 2021 and 2028. The growing innovations in TPU by OEMs can have an excellent effect on this market in the forthcoming years, states Fortune Business Insights, in a report, titled “Thermoplastic Polyurethane (TPU) Market, 2021-2028.” The market size stood at USD 2.34 billion in 2020.
Information Source- https://www.fortunebusinessinsights.com/thermoplastic-polyurethane-tpu-market-102389
Development of Bio-based Polymers to Incite Growth
The usage of thermoplastic polyurethane will be fueled by the growing development of bio-based polymers, in turn, uplifting the TPU market growth. Chlorinated plastic can leach hazardous chemicals into the soil, leaking groundwater and other nearby water sources. Humans and animals may suffer serious health consequences as a result of this. Furthermore, countries have established several rules requiring the use of environmentally friendly polymers. TPU has abrasion resistance, grease resistance, and excellent mechanical characteristics in addition to being biodegradable. TPUs are also regarded as environmentally friendly by the U.S. National Library of Medicine since they are produced utilizing either degradable chain extenders or biodegradable chain extenders. However, the high manufacturing costs may hinder the market growth.
Expansion Strategies of Major Brands to Elevate Industry
BASF SE, Lubrizol Corporation, Covestro AG, and Huntsman Corporation are the major thermoplastic polyurethane producers in the market. These businesses operate on development programs, brand image, and industry alliances. Covestro LLC recently extended its biodegradable polymer capabilities at a production site in the U.S.
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Protective Coatings Market
The global protective coatings market size is projected to grow from USD 12.9 billion in 2021 to USD 21.2 billion in 2028. As per a report published by Fortune Business Insights™ in a report, titled, “Protective Coatings Market, 2021-2028,” the market stood at USD 12.0 billion in 2020. It is set to exhibit a CAGR of 7.3% during the forecast period 2021-2028.
Information Source: https://www.fortunebusinessinsights.com/protective-coatings-market-102942
Based on the resin type, the market is divided into epoxy, polyurethane, alkyd, acrylic, inorganic zinc, and others. Out of these, the epoxy segment generated the largest protective coatings market share in 2020 and is likely to maintain its position in the upcoming years. These coatings are capable of withstanding extreme heat and cold. They are also resistant to chemical exposure, scratches, and oil leaks. Hence, the coating is prevented from wearing out.
PPG Acquires Versa Flex to Expand its Product Offerings
In January 2021, PPG, a leading supplier of paints, coatings, and specialty materials based in the U.S. acquired Versa Flex. It manufactures polyurethane, epoxy, and polyurea coatings for waste industrial applications, water & water infrastructure, transportation infrastructure, and flooring. This acquisition would help PPG to strengthen its position and broaden its existing product offering. Such initiatives by key players are likely to propel the demand for protective coatings in the upcoming years.
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antimicrobial textiles market
The global antimicrobial textiles market size is projected to reach USD 13.89 million by 2027 on account of the increasing demand for hygiene worldwide. A recent report by Fortune Business Insights, titled “Antimicrobial Textiles Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027,” offers a thorough analysis of the market. According to this report, the market value stood at USD 9.23 billion in 2019 and will rise at a CAGR of 5.3% between 2020 and 2027.
Information Source: https://www.fortunebusinessinsights.com/antimicrobial-textiles-market-102307
What are the Objectives of the Report?
The report provides an elaborate overview of the market and factors driving, repelling, challenging, and offering opportunities to the market during the forecast period. It also throws light on the key industry developments, current trends, and additional interesting insights offered by the market.
The report also highlights the table of segmentation of the market based on factors such as agents, fabric, application, and geography, and lists the names of the leading segment. The report further discusses the competitive landscape of the market, the list of vendors functioning in the market, and the significant strategies adopted by them to earn the lion’s share in the market. For more information on the report, refer to the company website.
Increasing Awareness about Personal Cleanliness will Augment Growth
The healthcare industry is the largest consumer of this market with an increasing emphasis on personal and environmental hygiene. The increasing need to maintain high cleanliness standards especially in products such as bed and linens, dressings & bandages, curtains, surgical gowns, and others for the prevention of microbial growth is promoting the global antimicrobial textiles market growth. Furthermore, the booming sports industry and increasing preference for personal health, fitness, and cleanliness will increase demand for sports apparel, thereby creating lucrative growth opportunities for the market in the years to follow.
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Solid waste management market Size, Share
The global solid waste management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%.
Information Source- https://www.fortunebusinessinsights.com/solid-waste-management-market-103045
Companies covered in the solid waste management market are TANA Oy, ALBA Group, Stericycle Inc., Remondis AG & Co. Kg, Covanta Holdings Corporation, Biffa PLC, SUEZ Group, Envac Group, Recology, Advanced Disposal Services, Inc., Republic Services Inc., Hitachi Zosen Corporation, Clean Harbors Inc., Veolia Environment S.A., Waste Management Inc and more players profiled.
Collection Segment to Cover Major Share Owing to its Labor Intensive Activity
The collection segment earned 56.6% share in 2019 and emerged dominant based on the treatment method. This is because the collection of solid waste is completely labor-intensive and is the most crucial part of the process.
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Caps & Closures Market, Share and Industry Analysis
According to the Fortune Business Insights in a report, titled “Caps & Closures Market, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market.
Information Source- https://www.fortunebusinessinsights.com/caps-closures-market-102542
Rising Demand for Beverages to Augment Growth in the Asia Pacific
North America generated a revenue of USD 15.34 billion in 2018 and is likely to witness a high growth rate during the forecast period. The growth in the region is attributed to the surge in health-conscious consumers. The rising inclination towards juices and health drinks will also aid growth in the region. The Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the rising demand for beverages. Moreover, the low production cost in China and India will create new opportunities for the market in the foreseeable future.
Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth
Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component.
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Styrenic Block Copolymer Market Size, Research, Business Growth and Forecast to 2028
The global styrenic block copolymer (SBC) market is set to gain traction from the rapid expansion of the automotive industry. The Economist Intelligence Unit Limited mentioned that the sales of electric cars will reach 3.4m in 2021 from 2.5m in 2020. Besides, the sales of commercial vehicles will rise by 16% in 2021, while the sales of new cars will grow by 15%. This information is given by Fortune Business Insights™ in a new report, titled, “Styrenic Block Copolymer Market, 2021-2028.” As per the report, the market size was USD 7,163.6 million in 2020. It is projected to reach USD 10,010.5 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.
Information Source: https://www.fortunebusinessinsights.com/styrenic-block-copolymer-sbc-market-105131
Paving & Roofing Segment to Hold Maximum Share Backed by Expansion of Construction Industry
Based on the product, the market is segregated into styrene-butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), styrene-isoprene butadiene block copolymer (SIBS), and hydrogenated styrenic block copolymers (HSBC). By application, it is fragmented into paving & roofing, footwear, advanced materials, adhesives, sealants & coatings, and others. Amongst these, the paving & roofing segment is set to remain in the forefront because of the expansion of the construction industry.
Report Coverage-
The research report of the SBC industry offers a comprehensive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it provides an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and qualitative insights.
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