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Commodity plastics are a category of polymers produced in large volumes for diverse applications due to their affordability, versatility, and ease of manufacturing. They encompass common plastics like polyethylene, polypropylene, and polystyrene, widely used in packaging, consumer products, construction, and other industries.

The global commodity plastics market size is projected to grow from USD 468.3 billion in 2020 to USD 596.1 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. Commodity plastics are primarily thermoplastics which are produced in high volume and at a relatively lower cost in comparison to other plastics. These plastics are used in various end-use industries in automobile, construction, packaging, electrical & electronics, and medical & pharmaceutical industries.

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One of the major drivers of the commodity plastics market is the emergence of e-commerce. In addition, the growing packaging industry is considered a major driver of the market. Increasing disposable income and growing metal prices, along with the increasing acceptance of commodity plastics in various end-use industries is driving this market. The rapid increase in downstream processing capacity will be the main driver for the PE and PP segments in the future.

Based on type, PE is projected to be the largest and the fastest-growing segment of the commodity plastics market. PE is capable of being extruded and molded into many different shapes. It is highly transparent and colorless and has applications in containers, household & kitchenware, and tubing. PE has many applications in the packaging industry, especially in the flexible packaging of food products.

Based on the end-use industry, in 2019, the packaging segment accounted for the largest share of the commodity plastics market. The growing packaging industry is the major driver of the commodity plastics market. Increasing purchasing power and growing end-use industries are amongst the major drivers of the commodity plastics market.

APAC is the fastest-growing market for commodity plastics. The growth of the commodity plastics market in the region is mainly attributed to China, India, and Southeast Asian countries. These bustling economies have a lot of potential customers. The market is driven by various factors such as increased consumption of packaged fruits & vegetables and innovation in packaging. The higher disposable income in these developing countries has increased their purchasing power. As a result, the market has been positively impacted.

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Major players operating in the global commodity plastics market include Exxon Mobil (US), LG Chem (South Korea), Sumitomo Chemical (Japan), The Dow Chemical Company (US), SABIC (Saudi Arabia), BASF SE (Germany), LyondellBasell (Netherlands), Sinopec (China), Ineos (Switzerland), Formosa Plastics (Taiwan), Mitsubishi Chemical (Japan), Borealis AG (Austria), Chevron Phillips Chemical (US), ENI SpA (Italy), Reliance Industries (India), Braskem (Brazil), Hanwha Chemical (South Korea), Lotte Chemical (South Korea), Indian Oil (India), Haldia Petrochemicals (India), Nova Chemicals (Canada), Qenos Pty (Australia), Qatar Petroleum (Qatar), Westlake Chemical (US), and PTT Global Chemical (Thailand).

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The isobutyric acid market size is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch. 

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Companies such as OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China) fall under the winners’ category. These are leading players in the isobutyric acid market, globally. These players have adopted the strategies of mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures to increase their market shares. 

OQ Chemicals GmbH

OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions. 

Eastman Chemical Company

Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation. 

Tokyo Chemical Industry Co., Ltd

Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers an wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India. 

Snowco

Snowco is a Chinese-based provider of natural flavoring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavoring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry.

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Shanghai Aladdin Biochemical Technology Co., Ltd.

Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China.. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Industrial dryers play a crucial role in various manufacturing processes by removing moisture or water content from different materials or products. These dryers find extensive applications across industries such as food processing, pharmaceuticals, chemicals, textiles, and others where drying is essential for product quality, preservation, or further processing.  The global industrial dryers market is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3%.

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Drivers of Growth:

Increasing Demand from Food Processing Industry: The food processing industry is a significant driver of the industrial dryers market. Growing demand for processed and packaged food products, coupled with stringent food safety regulations, has propelled the adoption of advanced drying technologies to ensure product quality and shelf-life extension.

Rising Pharmaceutical Manufacturing Activities: The pharmaceutical sector requires precise and efficient drying solutions for drug formulation, granulation, and manufacturing processes. With the expanding pharmaceutical industry and increasing demand for medications worldwide, the demand for industrial dryers is on the rise.

Technological Advancements: Continuous advancements in dryer technology, including the development of energy-efficient and eco-friendly drying systems, are driving market growth. Manufacturers are focusing on innovations such as heat pump dryers, microwave dryers, and vacuum drying techniques to improve drying efficiency and reduce energy consumption.

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The global hydrazine hydrate market has been experiencing remarkable growth over the past few years, driven by its versatile applications across a range of industries. Hydrazine hydrate (N2H4·H2O) is a colorless, flammable liquid with a distinct ammonia-like odor. While it might not be a household name, its significance cannot be understated due to its various uses in sectors such as agriculture, pharmaceuticals, water treatment, and energy. In terms of value, the hydrazine hydrate market is estimated to grow from USD 222 million in 2021 to USD 308 million by 2027, at a CAGR of 5.8%.

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The Hydrazine Hydrate Market can be segmented based on:

Purity Level: Including various grades such as 24%, 35%, 40%, and 55%.

Application: Segments may include agriculture, pharmaceuticals, water treatment, and polymerization.

End-Use Industry: Divisions encompass industries like aerospace, chemical manufacturing, and pharmaceuticals.

Region: Segregating market demand and consumption patterns across regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Agriculture and Pharmaceuticals: Hydrazine hydrate plays a vital role in agriculture by serving as a precursor for the synthesis of agrochemicals. It aids in the production of pesticides, herbicides, and fungicides that protect crops from harmful pests and diseases, thus contributing to increased agricultural productivity. In the pharmaceutical industry, it finds application in the synthesis of certain pharmaceutical compounds and intermediates.

Water Treatment: The water treatment industry relies on hydrazine hydrate as an oxygen scavenger in boiler water and steam systems. It helps prevent corrosion and maintains the efficiency of these systems by removing dissolved oxygen, which can cause degradation and damage. This property makes it an indispensable component in power plants, industrial boilers, and other facilities where water and steam quality are crucial.

Energy Generation: Hydrazine hydrate has gained significance in the energy sector as a propellant for rockets and spacecraft due to its ability to rapidly decompose and release a large volume of gas. Its role as a rocket fuel component showcases its potential for high-energy applications. Additionally, it finds use as a fuel additive in fuel cells, aiding in the reduction of carbon monoxide and improving overall efficiency.

Challenges and Environmental Considerations: Despite its versatile applications, hydrazine hydrate poses certain challenges. It is toxic and requires careful handling and storage. Furthermore, its potential environmental impact raises concerns, especially in terms of its byproducts. Efforts are being made to explore safer alternatives and more sustainable production methods.

Market Outlook: The hydrazine hydrate market is expected to continue its growth trajectory due to ongoing technological advancements and the expansion of industries that rely on its applications. As environmental regulations become more stringent, research into eco-friendly alternatives and greener synthesis processes will likely play a pivotal role in shaping the future of the market.

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Regional Analysis: The Hydrazine Hydrate Market exhibits varied regional dynamics. Asia-Pacific leads in consumption and production due to industrial expansion in countries like China and India. North America and Europe follow closely, driven by stringent safety regulations and growing demand for specialty chemicals. The Middle East and Africa witness steady growth propelled by increasing industrialization. Latin America showcases promising potential with rising investments in chemical manufacturing. Regional trends underscore the market's global significance, with each region contributing uniquely to the Hydrazine Hydrate Market's growth and development.

The key players in hydrazine hydrate market are Arkema S.A. (France), LANXESS AG (Germany), Lonza Group AG (Switzerland), LGC Science Group Holdings Limited (UK), and Nippon Carbide Industries Co., Inc. (Japan) and others.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Hybrid composites are advanced materials made by combining two or more different types of fibers or matrices to create a composite with enhanced properties. These materials offer a combination of strength, stiffness, lightness, and durability, making them suitable for various applications across industries such as aerospace, automotive, construction, and sports equipment manufacturing.

The hybrid composites market was expected to reach USD 876 million by 2023, at a CAGR of 15.0% during the forecast period. The use of hybrid composites is increasing due to its high strength-to-weight ratio and high corrosion and thermal resistance. The hybrid composites market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. The growth of the APAC hybrid composites market can be attributed to its increasing demand from transportation, sporting goods, and wind energy, among others. 

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The hybrid composites market, by end use industry, is divided into five segments, namely, automotive & transportation, aerospace & defense, marine, aerospace & defense, wind energy, and sporting goods. The market in the wind energy end-use industry is expected to witness the highest growth rate, in terms of value and volume, during the forecast period. Wind turbine blades are the key components in the wind power generation system. Hybrid composites are widely used in the development of large-sized wind turbines. The R&D focus of blade manufacturers has mainly been on reducing the cost and increasing performance of wind blades. This is driving the use of hybrid composites, as it is less expensive than other special-purpose fibers without compromising on its high-performance property. 

Hybrid composites are segmented in to four types based on fiber used which includes carbon/glass, aramid/carbon, HMPP/carbon, UHMWPE/carbon. Aramid/carbon is projected to be the fastest-growing fiber segment in the hybrid composites market during the forecast period. Aramid fibers are used for specialized applications that require very high mechanical properties along with high thermal, chemical, and abrasion resistance. Aramid/carbon hybrid composites find applications in security & protection, rubber reinforcement, and advanced material composites, where high strength is required. Aramid/carbon fiber composites are used to manufacture radomes, structural parts, rocket motor casing, and highly loaded parts in defense and commercial aircraft. This is expected to drive the market during the forecast period.  

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The increasing demand from emerging economies is one of the major opportunities for the market. China, India, and Brazil are expected to drive the demand for hybrid composites in the next five years. The majority of the demand is expected to be from the wind energy and automotive & transportation end-use industries owing to the balanced cost and performance properties offered by hybrid composites.

Some of the key players in the hybrid composites market include Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Teijin Limited (Japan), General Electric (US), Exel Composites (Finland), Innegra Technologies, LLC (US), Solvay (Belgium), and PlastiComp, Inc. (US) and others

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Automotive Carbon Thermoplastic Market

Ink Resins Market

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Rubber coated fabric refers to a material composed of a fabric substrate coated or laminated with a layer of rubber or rubber-like material. This coating provides the fabric with enhanced properties such as water resistance, durability, and flexibility, making it suitable for various applications including protective clothing, industrial equipment covers, inflatable structures, and automotive components.

The global rubber coated fabric market size is projected to grow from USD 6,357 million in 2023 to USD 7,787 million by 2028, at a CAGR of 4.1% from 2023 to 2028. Various sectors, including the automotive, aerospace, healthcare, building, and sporting goods industries, are the main drivers of the need for rubber-coated fabric. The need for rubber coated fabric is anticipated to rise as these sectors develop and innovate. 

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Based on type, the synthetic rubber coated fabric was the largest segment in 2022.  This growth can be attributed to the ability to customize synthetic rubber coatings to match specific performance needs. Manufacturers can modify the composition and attributes of synthetic rubber coatings to improve qualities including flexibility, abrasion resistance, chemical resistance, and weather resistance. 

Based on application, the protective suits & gloves are estimated to grow at the highest rate during 2023 to 2028, in terms of volume. In several industries, the use of proper personal protective equipment (PPE) is required by strict occupational safety requirements and standards. Rubber coated protective clothing such as suits and gloves offer protection from occupational threats such as chemicals and biological agents. The need for rubber-coated fabric in the creation of protective suits and gloves is driven by compliance with these rules. 

Based on end-use, the transportation & watercraft segment is projected to be the largest market during 2023 to 2028, by value.  Fabric that has been rubber coated is good at sealing and waterproofing. Rubber-coated fabric is used in transportation applications such as truck tarps, vehicle wraps and cargo containment to assist shield the cargo from moisture, dirt and other outside elements. Rubber-coated fabric is used for boat covers, sailcloths, inflatable structures, and other parts that need to be waterproof and airtight in watercraft applications. Such uses further propel market growth of this segment. 

Based on region, Middle East & Africa is anticipated to grow at the highest CAGR from 2023 to 2028, in terms of value. With the creation of manufacturing facilities and industrial zones, the MEA region is rapidly industrializing. Conveyor belts, seals, gaskets, and protective covers are just a few industrial uses for rubber coated fabric. Thus, rubber-coated fabric is in higher demand due to the expansion of industrial sectors in the MEA region. 

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Some of the major players operating in the rubber coated fabric market include Continental AG (Germany), Trelleborg AB (Sweden), Saint-Gobain S.A (France), Colmant Coated Fabrics (France), The Rubber Company (England), White Cross Rubber Products Limited (England), Caodetex S.A. (Argentina), Auburn Manufacturing, Inc. (US). The companies have widespread manufacturing facilities with an established portfolio of rubber coated fabrics, a global market presence, and a strong focus on strategic developments. 

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Industrial Lubricants Manufacturers

Weathering Steel Trends

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The global pet food packaging market size is projected to grow from USD 11.1 billion in 2023 to USD 14.9 billion by 2028, at a CAGR of 5.9% during the forecast year. The global pet food packaging market has experienced significant growth over the past few years. With the increasing pet population and changing consumer preferences, the pet food industry has evolved to meet the demands of pet owners. Packaging plays a pivotal role in the success of pet food products, ensuring not only the safety and freshness of the contents but also serving as a vital marketing tool. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150550375 Pet Food Packaging Manufacturers:Major players operating in the pet food packaging market include Amcor plc (Switzerland), Mondi plc (UK), Sonoco Products Company (US), Berry Global Inc. (US), and Huhtamaki Oyj (Finland), Constantia Flexibles (Austria), Crown Holdings, Inc. (US), Smurfit Kappa Group plc (Ireland), Ardagh Group S.A. (Luxembourg), Transcontinental Inc. (Canada), Silgan Holdings Inc. (US), Winpak Ltd. (Canada), and Sealed Air Corporation (US), and others.The pet food packaging industry is home to a diverse array of manufacturers, each contributing to the market with their unique offerings and innovations. Some prominent players in this sector include Amcor Limited, a global packaging giant known for its innovative and sustainable packaging solutions. Tetra Laval-owned Tetra Pak specializes in carton-based packaging, while Bemis Company, Inc., now part of Amcor, is a major player in flexible packaging solutions. Ardagh Group, Crown Holdings, and Silgan Holdings are renowned for their metal packaging, including cans.Additionally, Huhtamaki Group is recognized for its paperboard and flexible packaging solutions, often used for premium pet food products. These manufacturers, along with many others, play a crucial role in shaping the pet food packaging industry, meeting the evolving demands of both pet owners and the environment.   

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Monochloroacetic acid (MCA) is a colorless, crystalline organic compound with the chemical formula CH2ClCOOH. It is a chlorinated derivative of acetic acid and is commonly used as a precursor in the production of various chemicals including carboxymethyl cellulose (CMC), herbicides, and surfactants. MCA is primarily utilized in the manufacturing of CMC, which finds applications in industries such as food processing, pharmaceuticals, cosmetics, and detergents. Additionally, MCA is employed in the production of glyphosate-based herbicides and other specialty chemicals.

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The monochloroacetic acid (MCA) market was projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. Asia Pacific is expected to be the largest market for MCA and is also projected to witness the highest growth during the forecast period. The growth of the market in this region can be attributed to the rising population, growing urbanization, increasing demand from the building & construction industry, growing disposable income, and changing lifestyle in emerging countries of the region. These factors are expected to attract multinational companies to invest more in Asia Pacific countries like India and China.

Monochloroacetic Acid Manufacturers:

Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India) and others.

The MCA market is expected to witness high growth in emerging economies, such as China, India, and Indonesia. Factors such as increasing disposable income and changing lifestyles of the middle-class population in these countries are expected to fuel the demand for personal care products, textiles, detergents, crop protection chemicals, and medicines. The growth of these industries propels the consumption of carboxymethylcellulose (CMC), which consequently drives the demand for MCA in the aforementioned economies. Additionally, the growth of the building & construction industry drives the consumption of CMC and thioglycolic acid (TGA), which, in turn, drives the demand for MCA in the Asia Pacific region. 

Based on product form, the liquid segment is projected to register the highest growth rate. The high growth in the use of liquid MCA is due to its easy miscibility as an intermediate, and efficient operation. Increased R&D activities to develop new and innovative products for use across a wide range of application areas are expected to boost the growth of the MCA market during the forecast period. 

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The surfactants segment is projected to be the fastest-growing application during forecast period. Surfactant-based face wash, gel, and hair cream, among other personal care products, are replacing conventional products, owing to their cleansing ability, ease of usage, and customization. The increasing use of MCA in the manufacturing of amphoteric surfactants, such as betaines and imidazolines, is expected to boost the surfactant market during the forecast period. Increasing adoption of surfactants in the cosmetic industry in developing countries, such as India, China, Indonesia, and Brazil, is expected to drive the demand for MCA in this application. Increasing disposable income and changing lifestyles of consumers are key growth drivers for the surfactants market in emerging countries.

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Glass Substrate Suppliers

Self-Adhesive Labels Producers

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The global peracetic acid market size is projected to grow from USD 1.0 billion in 2023 to USD 1.4 billion in 2028, at a CAGR of 7.4%. Peracetic acid is a liquid mixture of hydrogen peroxide and acetic acid, play a pivotal role in various industries, including healthcare, food & beverages, water treatment, pulp & paper and others. These versatile chemicals have gained significant importance due to their wide range of applications, from disinfectant to sterilant.

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Peracetic Acid Companies: 

There are various small, medium, and large players operating in the market. Some of the major market players include Solvay (Belgium), Evonik Industries AG (Germany), Ecolab Inc. (US), Mitsubishi Gas Chemical Company (Japan), Enviro Tech Chemical Services (US), Jubilant Life Sciences (India), National Peroxide Ltd. (India), Kemira Oyj (Finland), Seeler Industries Inc. (US), and Airedale Chemicals (UK) among others, have framed their strategies to penetrate and create bases in these emerging markets. These products are manufactured in accordance with the limits imposed by organizations and governments. All of these factors are projected to help to the long-term development of peracetic acid market players over the following five years.

The future growth prospects for peracetic acid appear promising. The expansion of industries such as food & beverages, healthcare, pulp & paper is expected to further drive demand. peracetic acid is used as a sustainable biocide for aseptic packaging of food and beverages, in cosmetics and hair bleaching, for environmentally friendly water and wastewater treatment, for smart sustainable aquaculture solutions, for disinfection in agriculture, for chemical synthesis, for sterilisation in hospital hygiene, or for cleaning and disinfecting laundry and textiles.

A flexible oxidising agent, peracetic acid dissolves readily in water and breaks down into non-toxic byproducts. In a variety of industries, including food and beverage processing of fruits, vegetables, and poultry, environmental remediation, industrial cleaning and sanitization, and oil and gas production, the various concentrations are used in chemical synthesis, bleaching, sanitization, disinfection, hygiene, and sterilisation.

In conclusion, peracetic acid are poised for a promising future, and companies in this sector should focus on regulatory compliance, and strategic expansion to capitalize on the significant growth prospects ahead. Adapting to changing market dynamics and harnessing the full potential of peracetic acid in a sustainable and responsible manner will be crucial for remaining competitive in this evolving landscape

The Europe region stands out as the largest market for peracetic acid, and several key factors underpin this prominence within the chemical industry. Firstly, the rapid industrialization and urbanization witnessed across several European countries, notably Germany and UK, have fueled extensive infrastructure development. The main functions of peracetic acid in food processing and handling are as a disinfectant and a sanitizer for surfaces that come into touch with food.

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5-15% Grade, hold the major share in the peracetic acid market. Solutions containing peracetic acid (PAA) in concentrations ranging from 5% to 15% provide a variety of applications including sanitation and disinfection. The particular concentration within this range is selected according to the application's needs and the required amount of antibacterial activity. For sanitization and disinfection, 5%–15% grade PAA is typically utilised in a variety of sectors, including healthcare, food processing, water treatment, and agriculture.

Disinfectant is one of the prominent application in peracetic acid.  Disinfectant eliminates harmful microbes, thus prevent the spreading of hazardous organisms in the finished goods. It is applied to non-living objects to resist the growth of microorganisms thriving on the object. It generally does not kill the microorganisms. peracetic acid inhibits the growth of microorganisms, it is frequently used as a disinfectant. Stronger disinfectants quickly neutralise germs since they destroy them throughout the disinfection process significantly more quickly.

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Aerospace foams are lightweight, high-performance materials used in aircraft and spacecraft for insulation, vibration damping, and structural reinforcement. They offer thermal insulation, fire resistance, and shock absorption properties, enhancing safety and performance in aerospace applications. Common types include polyurethane, polyethylene, and phenolic foams, tailored to meet specific requirements such as weight reduction and thermal stability in extreme environments.

The aerospace foams market size is projected to grow from USD 4.4 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 8.2% from 2019 to 2024. The rising demand for lightweight and fuel-efficient aircraft have led to the extensive use of advanced materials such as PU foams and PE foams, among others, in the aerospace industry. The manufacture of advanced materials as well as new products launched by several prominent players for the aerospace industry is one of the key factors driving the growth of the aerospace foams industry across the globe. 

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Aerospace Foams Manufacturers:

Some of the leading players operating in the aerospace foams industry are BASF SE (Germany), Evonik Industries AG (Germany), Boyd Corporation (US), Rogers Corporation (US), FoamPartner (Switzerland), Armacell International S.A. (Luxembourg), SABIC (Saudi Arabia), ERG Materials and Aerospace Corp (US), UFP Technologies, Inc. (US), Zotefoams Plc (UK), General Plastics Manufacturing Company (US), Solvay SA (Belgium), Pyrotek Inc. (US), and Greiner AG (Austria) and others.

Aerospace foams are advanced materials of various cell sizes, capacities, and properties. The cell sizes of the aerospace foams determine the flexibility or rigidity of the foams and thus, dictates the application areas where they can be used. Aerospace foams are manufactured using various materials, such as PU (polyurethane), PE (polyethylene), melamine, metal, and PMI/polyimide, among others, which meet the flame, smoke, and toxicity (FST) standards in the aerospace industry. These foams are used in various applications in aircrafts such as seating, seals, gaskets, carpet pads, headrests, rotor blades, doors, windshields, cockpit instrument panels, wingtip lens, and several others. 

Based on material type, the aerospace foams market has been segmented into PU foams, PE foams, melamine foams, metal foams, PMI/polyimide foams, and others which includes PVDF foams, PPSU foams, silicone foams, ceramic foams, PEI foams, PET foams, PVC foams, and polycarbonate foams. The PU foams segment has the highest market share in terms of both value and volume, among all the material type segments in 2018. It is projected to follow the same trend from 2019 to 2024 in terms of both value and volume. PU foams are used in a variety of applications ranging from seating, airframes, interiors, and packaging in the aerospace industry. The availability in different forms ranging from low to high density with varying rigidity as well as ease-of-use makes them compatible to be used in a multitude of aerospace applications. Some useful properties of PU foams include durability, lightweight, and recyclability. These factors support the rising global demands for lightweight and fuel-efficient aircraft, which is one of the primary drivers of the aerospace foams market. 

Based on end-use, the aerospace foams market has been segmented into commercial aircraft, military aircraft, and general aviation. Commercial aircraft involves operating airplanes to transport passengers or cargos. The commercial aviation industry is the largest segment in the aerospace foams market. Additionally, the commercial aircraft segment is projected to lead the market in terms of both value and volume during the forecast period. Some of the key factors such as growing air passenger travel demand and the rising number of low-cost operators in the regions such as Asia Pacific, Middle East, and South America along with the recovery in global gross domestic product (GDP) growth, are resulting in the hike in demand for commercial aircrafts segment. 

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North America, Europe, and Asia Pacific were the largest regional aerospace foams markets. The increasing global demand for lightweight and fuel-efficient aircraft has led to the growth of the aerospace foams market across the globe. The growth in this market is attributed primarily to the steadily increasing air travel rate worldwide. Increasing foam applications in the aerospace industry and technological advancements across the world are providing an impetus to the growth of the market. Various leading manufacturers of aerospace foams have adopted the strategies of expansions, acquisitions, new product launches, investments, new product developments, new technology developments, partnerships, mergers, collaborations, and agreements to cater to the increased demand for aerospace foams from various end uses.

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Underwater concrete is a specialized type of concrete designed to be poured and cured underwater. It typically contains additives to enhance workability and prevent washout, ensuring proper placement and consolidation. Used in various marine construction projects such as bridges, tunnels, dams, and offshore structures, underwater concrete must withstand hydrostatic pressure and provide long-term durability in harsh underwater environments.

The underwater concrete market size is estimated to be USD 135.7 billion in 2023, and it is projected to reach USD 175.8 billion by 2028 at a CAGR of 5.3%. Underwater concrete refers to a type of concrete that is specifically designed and formulated to be placed and hardened underwater. It is used in various construction and engineering projects where the concrete needs to be poured and set in an aquatic environment, such as underwater foundations, dams, tunnels, marine structures, and offshore platforms. 

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The market is segmented on the basis of several raw materials which are used to make underwater concrete, such as concrete (cement, and admixtures), and precast concrete. Underwater concrete is used in several applications such as dams & reservoirs, marine constructions (i.e., ports & harbors, bridge piers, others), underwater repairs, offshore wind power generation, tunnels, and others. In addition to this, the underwater concrete market is also segmented on the basis of laying techniques such as tremie method, bucket placing, pump method, and others.

Underwater Concrete Manufacturers: 

Some of the leading companies involved in the manufacturing of underwater concrete are Cemex, S.A.B. de C.V. (Mexico), Heidelberg Materials (Germany), Sika AG (Switzerland), Conmix (UAE), and RPM International Inc.(US), and others are covered in the underwater concrete market. Various growth strategies such as acquisitions, product launches, expansion, partnerships, mergers, etc. have been adopted by these players to strengthen their position in the underwater concrete market.

Cemex, S.A.B. de C.V. (Mexico) is primarily engaged in the production & distribution of clinker, ready-mix concrete, cement, aggregates, and other materials used in the construction industry. Apart from this, the company is also engaged in providing the construction-related services to its customers and maintains business relationships in more than 50 countries across the globe.

Heidelberg Materials (Germany) is a German production firm, engaged in the manufacturing and sale of ready-mixed concrete, cement, aggregates, , and asphalt. The company operates through several geographical segments, which includes Asia-Pacific, Western and Southern Europe, North America, Northern and Eastern Europe-Central Asia, Africa-Eastern Mediterranean Basin, and Others.

Sika AG (Switzerland) is a specialty chemical company that develops products for sealing, reinforcing, bonding, damping, and protecting applications in the automotive and construction industries. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. This company has subsidiaries in a total of 101 countries around the globe and has approximately 300 manufacturing units. The reportable segments of the corporation focus on the Americas, Asia Pacific, EMEA, and global businesses. The EMEA segment produces the majority of its revenue.

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The underwater concrete market is analyzed across five regions: Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Asia Pacific emerges as the fastest-growing market globally, driven by increasing urbanization, industrialization, and construction activities. Demand for marine constructions like ports, dams, and reservoirs has surged due to infrastructure investments by governments aiming to bolster economic growth. This trend is expected to propel the underwater concrete market further in the forecast period.

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The Southeast Asia waterproofing systems market is experiencing robust growth, fueled by rapid urbanization, infrastructure expansion, and a growing awareness of the importance of waterproofing in construction.

Southeast Asia Waterproofing Systems Producers: 

The key players of the Southeast Asia waterproofing market include Carlisle Companies Inc. (U.S.), Soprema Group (France), The Dow Chemical Company (U.S.), W.R. Grace & Co (U.S.), BASF SE (Germany), Johns Manville (U.S.), Pidilite Industries (India), Fosroc International Ltd. (U.K.), Mapei S.p.A (Italy), Firestone Building Products (U.S.), SIKA AG (Switzerland),), GSE Environmental (U.S.), GAF Material Corporation (U.S.) and others.

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Booming Construction Industry: Countries like Singapore, Malaysia, Indonesia, Thailand, and Vietnam are witnessing a surge in residential, commercial, and industrial construction projects. Waterproofing solutions are essential in tropical regions prone to heavy rainfall and high humidity levels.

Renovation and Retrofitting: The renovation of existing buildings is also driving demand for waterproofing systems to address issues such as leakage, seepage, and dampness, thereby extending the lifespan of structures.

Technological Advancements: Manufacturers are introducing advanced waterproofing materials with improved durability, flexibility, and eco-friendliness. Liquid-applied membranes, waterproofing admixtures, and pre-formed membranes are gaining popularity.

Awareness and Adoption: Increasing awareness about the long-term cost savings associated with preventive maintenance is encouraging industries like real estate, infrastructure, healthcare, and transportation to invest in high-quality waterproofing solutions.

Regulatory Support: Favorable regulations promoting sustainable construction practices emphasize the importance of waterproofing for building resilience and environmental mitigation. This encourages stakeholders to prioritize waterproofing in their projects.

Challenges and Opportunities: Challenges include price volatility of raw materials and competition among vendors. Addressing these requires collaboration to develop training programs and standards for quality assurance.

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Vietnam: The largest market for waterproofing in Southeast Asia

Southeast Asia, including Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Vietnam, has always been a strong market for waterproofing. It leads the waterproofing market with respect to demand as well as consumption. In Southeast Asia, the growth of construction activities, especially in Vietnam, is an important indicator for the waterproofing demand.

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The flotation reagents market is experiencing steady growth propelled by the expanding mining industry, particularly in base metals, precious metals, and minerals extraction. Flotation reagents are crucial chemicals used in the separation of valuable minerals from ore through the flotation process, facilitating efficient recovery and purification. The flotation reagents industry was projected to grow from USD 4.15 billion in 2018 to USD 5.55 billion by 2023, at a CAGR of 6.0% during the forecast period.

Flotation Reagents Companies:

The leading players operating in the flotation reagents market are BASF SE (Germany), Cytec Solvay Group (Belgium), Clariant AG (Switzerland), Kemira OYJ (Finland), Huntsman (US), Dow Chemical (US), AkzoNobel (Netherland), SNF FLOERGER SAS (France), Evonik (Switzerland), and Orica (Australia) and others.

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Growing Mining Activities: The increasing demand for metals and minerals across various industries, including construction, automotive, electronics, and infrastructure, is driving mining activities worldwide. Flotation reagents play a vital role in enhancing the efficiency of ore processing operations, thereby fueling market growth.

Technological Advancements: Advancements in flotation reagent formulations and processing techniques have led to the development of innovative solutions with improved performance and selectivity. Manufacturers are focusing on research and development initiatives to introduce eco-friendly and high-performance reagents that address specific mineral processing challenges.

Demand from Emerging Economies: Rapid industrialization and infrastructure development in emerging economies, particularly in Asia-Pacific and Latin America, are driving the demand for metals and minerals, thereby boosting the consumption of flotation reagents. These regions offer lucrative growth opportunities for market players due to increasing investments in mining projects.

Environmental Regulations and Sustainability: Stringent environmental regulations regarding wastewater treatment, emissions control, and chemical usage in mining operations are influencing the adoption of environmentally friendly flotation reagents. Manufacturers are developing sustainable solutions with reduced environmental impact, such as biodegradable collectors and frothers, to meet regulatory requirements and align with sustainability goals.

Fluctuations in Commodity Prices: The volatility in commodity prices, including metals and minerals, poses challenges to the flotation reagents market. Fluctuations in prices affect mining economics and investment decisions, thereby impacting the demand for flotation reagents. Market players need to adapt to changing market conditions and optimize production processes to mitigate risks associated with price volatility.

Shift towards Water Recycling and Reuse: The mining industry is increasingly focusing on water conservation and sustainable practices, leading to the adoption of water recycling and reuse strategies in mineral processing operations. Flotation reagents play a crucial role in water management by facilitating the efficient recovery of valuable minerals while minimizing water consumption and environmental impact.

Market Consolidation and Strategic Partnerships: The flotation reagents market is witnessing consolidation through mergers, acquisitions, and strategic partnerships among key players to strengthen their market presence and expand their product portfolios. Collaboration with mining companies and research institutions for product development and technology innovation is also prevalent in the market.

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Regional Dynamics: North America and Europe are prominent regions in the flotation reagents market, driven by established mining infrastructure and technological advancements. However, Asia-Pacific is emerging as a significant market due to rapid industrialization and growing mining activities in countries such as China, India, and Australia.

Future Outlook: The flotation reagents market is poised for continued growth, supported by increasing mining activities, technological advancements, and sustainability initiatives. Market players are expected to focus on product innovation, strategic collaborations, and geographic expansion to capitalize on emerging opportunities and address evolving customer needs in the global mining sector. 

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The global Security Inks Market size is projected to reach USD 3.9 billion by 2027, at a CAGR of 4.1% from USD 3.2 billion in 2022. The Security Inks Market is witnessing significant growth due to the rising concerns regarding counterfeiting and forgery across various industries such as currency, packaging, and documents. Security inks are formulated with special properties that make them difficult to replicate, ensuring the authenticity and integrity of printed materials. These inks incorporate features such as color-changing properties, UV fluorescence, and magnetic characteristics, making them highly secure against unauthorized reproduction.

Security Inks Companies:

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The key market players profiled in the report include SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US), among others.

Rising Concerns and Industry Applications: The Security Inks Market is witnessing substantial growth due to escalating concerns surrounding counterfeiting and forgery across various industries. These industries include currency, packaging, documents, and consumer goods, where ensuring authenticity and integrity is paramount.

Specialized Formulations for Enhanced Security: Security inks are formulated with specialized properties that make them challenging to replicate. They incorporate features such as color-changing properties, UV fluorescence, and magnetic characteristics, providing layers of security against unauthorized reproduction.

Government Regulations and Mandates: Stringent government regulations mandate the use of security features in currency and sensitive documents to combat counterfeiting. These regulations drive the adoption of security inks, ensuring compliance and bolstering market demand.

Protection of Brands and Products: Businesses are increasingly adopting security measures to safeguard their brands and products from counterfeiters. Security inks play a crucial role in product packaging, authentication labels, and brand protection strategies, enhancing consumer trust and brand reputation.

Expansion of E-Commerce and Digital Transactions: The proliferation of e-commerce and digital transactions has heightened the need for secure printing solutions. Security inks are integral in preventing fraud and counterfeiting in online transactions, contributing to their growing demand in the digital age.

Regional Analysis: Asia Pacific is the largest security inks market. The security printing in China was pegged at more than USD 173 million in 2021 which is mainly driven by the increasing printing, reprinting, and circulation of currency in the country. For example, in August 2019, the Renminbi, which is a new edition of the fifth series of China's currency, or the yuan, was officially launched with brighter colors and more enlightened anti-counterfeiting features.

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North America is the second-largest market for security inks market mainly because the region is among the early adopters of different printing techniques in various manufacturing processes. Also, implementation of modern practices to prevent forgery such as photo integration, biometric identifier, barcode, reversed out text, embossing stamp, fluorescent serial number, Intranet False and Authentic Documents Online (iFADO), ink stamp, and gravure printing are expected to boost the market growth in North America.

Continuous developments in the security inks market are expected to help the market grow. The companies are providing products which will serve various applications. New product launches have also helped companies enhance their product portfolio.

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The plastic antioxidants market size is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Antioxidants are stabilizing agents that inhibit the process of oxidation by reacting and decomposing the reactive species. They protect plastics and other materials against thermally induced oxidation. Antioxidants that are used in plastics include primary antioxidants and secondary antioxidants. Different types of antioxidants provide different levels of reactivity as a function of temperature and also react and decompose the different radical intermediates in the oxidation process, thereby providing thermal stability to plastics. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market.

Plastic Antioxidants Manufacturers:

Key players in the industry are BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), and Dover Chemical Corporation (US). They have adopted strategies such as agreement, expansion, and new product launch in order to gain an advantage over their competitors. 

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Based on type, the most commonly used plastic antioxidants are phenolic, phosphite & phosphonite, antioxidants blends, and others. Antioxidants are classified on the basis of their ability to interrupt the overall oxidation process. Chain breaking and preventive mechanisms are the two major antioxidant mechanisms that interfere with polymer oxidation cycles. The two classes of antioxidants identified are chain-breaking or primary antioxidants and preventive or secondary antioxidants. Primary antioxidants react rapidly and are, therefore, referred to as radical scavengers. Phenolic antioxidants are primary antioxidants, which interfere with chain propagation by terminating the free radical. They are used for plastics or polymer systems that are sensitive to thermal and oxidative degradation due to the formation of peroxides and free radicals. Phenolic antioxidants protect plastics or other polymers against degradation and oxidation at high processing temperatures.

Based on polymer resin, the plastic antioxidants market has been segmented into PE, PP, PVC, PS, ABS, and others. The plastic antioxidants market in the PP polymer resin segment accounted for the largest share in 2019, in terms of both value and volume. The presence of tertiary carbon atoms occurring alternately on chain blocks makes PP susceptible to oxidation at high temperatures. Hence, antioxidants are used widely in PP. ABS is widely used in various industries, such as home appliances, electrical & electronics, and automobiles, due to its strength and durability.

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Based on region, Asia Pacific is projected to be the largest market for plastic antioxidants during the forecast period. APAC dominated the plastic antioxidants market in 2019 followed by Europe and North America. This is due to the increasing demand and production of plastics in the region. In addition, increasing urbanization and the middle-class population spur the growth of electronic & electrical goods, automobiles, agricultural films, and consumer appliances, which fuel the growth of plastics.

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The global automotive plastics market for passenger cars size was projected to grow from USD 21.1 billion in 2021 and is projected to reach USD 30.8 billion by 2026, at a CAGR of 7.9%. The demand for automotive plastics is mainly driven by the increase in passenger car production and increasing utilization of automotive plastics in vehicle designs. Plastics offer a maximum weight reduction of automobiles, which in turn reduces carbon emission. These could be the major reasons propelling the market.

Automotive Plastics Companies:

Some of the leading players operating in the automotive plastics market for passenger cars are BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), LG Chem (South Korea), DuPont (US), Covestro AG (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Arkema SA (France), Borealis AG (Austria), LANXESS (Germany), DSM (Netherlands), Toray Industries Inc. (Japan), Mitsui Chemicals (Japan), Celanese Corporation (US), Toyota Boshoku Corporation (Japan), Faurecia SA (France), TOYODA GOSEI Co., Ltd. (Japan), INEOS (UK), Sumitomo Chemicals Co. (Japan), Ltd., UBE Industries (Japan), Mitsubishi Engineering Plastics Corporation (Japan), Formosa Plastics Corporation (Taiwan), EMI Chemi Holdings (China), Momentive Performance Materials (US) and others.

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The shift towards the use of bioplastics in vehicle production, use of anti-microbial plastics and additives, use of composites and PMMA and the growing trend of vehicle electrification has increased the demand for automotive plastics across the globe. The development in 3D printing technology is expected to act as new opportunities for the automotive plastics market for passenger cars to grow. However, the high cost of capital and infrastructure for re-engineering of plastics is expected to hinder the market growth during the forecasted period. 

The under-bonnet is the fastest-growing application segment of the automotive plastics market for passenger cars during the forecast period. Automotive plastics used in the manufacturing of under bonnet components of passenger cars includes Polypropylene, PBT, polyamide, and other engineered plastics. Use of plastics in under-bonnet applications provides high durability, high-temperature resistance, strength, and rigidity to the automobiles. The under-bonnet segment includes components such as the battery, onboard chargers, connectors, cables, electric motor, anti-lock braking system, hoses, hydraulic booster unit, load-sensing valve, master cylinder, metering valve, fuel delivery modules, intake manifolds, brackets, duck work, accumulator pistons pressure differential valve, proportioning valve, and thermal management system which require plastics in their manufacturing.

Polyamide is the fastest-growing product type segment of the automotive plastics market for passenger cars during the forecast period, owing to its enhanced properties, such as impact strength and superior surface finish. Commonly used grades are PA 6 and PA 66. It has various properties such as high stiffness, strength, dimensional stability, high temperature and abrasion resistance, and low friction characteristics, along with chemical, flame, abrasion, creep, and fatigue resistance. Moreover, owing to their excellent strength and toughness at the time of exposure to hot and automotive fluids, polyamides are used for automotive thermal management and other applications areas include gears, bushes, cams, bearings, and weatherproof coatings, etc.

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By vehicle type, the electric car segment is estimated to be the fastest-growing segment. The production of electric cars is expected to grow in countries such as China, India, France, Germany, and the US due to the attractive government policies and stringent emission standards. Thus, with growing sales, and production, use of plastics for an electric car are expected to grow significantly by 2026. The growing trend of vehicle electrification is expected to drive the demand for plastics in electric cars.

Asia Pacific, Europe and North America, are significant regional markets for automotive plastics market for passenger cars. Asia Pacific is the fastest-growing market for automotive plastics used in passenger cars. The automotive industry in APAC has been dynamic over the past few years and has witnessed an increase in the annual production and sales of vehicles. The fastest growth is attributed to the high growth in the economies of countries such as China, South Korea, Japan, and India, which in turn, led to the growth of the automotive industry in the region. These countries are the leading producer of passenger cars globally and is expected to continue their dominance in the coming years. The increased vehicle production in these countries caters to domestic as well as global demand. This is expected to drive the market for automotive plastics for passenger cars in the country.