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BOPP Films Industry Analysis and Forecast 2024-2032: Market Size and Growth Prospects

The global BOPP films market was valued at USD 23.55 billion in 2023. The market is projected to grow from USD 24.76 billion in 2024 to USD 38.40 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period.

Polypropylene, when stretched in machine and transverse directions, results in biaxially oriented polypropylene, also commonly known as BOPP films. As per study, the recyclability of BOPP films, along with its robustness, serves it as a major contributor to lower plastic waste. Moreover, its low-weight reduces the packaging material's overall weight, resulting in cost-effective transportation.

Fortune Business Insights has deep-dived into these inputs in its latest research report titled "BOPP Films Market, 2024–2032".

Request For Sample Report: https://www.fortunebusinessinsights.com/enquiry/sample/bopp-films-market-109631

Segments:

Plain Film’s Superior Properties Over its Counterparts make it Market Leader

By type, the market is profiled into plain, matt, metalized, pearlized, and others. BOPP plain films dominate and secured a substantial 57.26% market share in 2023 with plain film’s flexibility and high tear resistance.

Wraps Segments Tops Market Position with Its Moisture Contravention Function

By product type, the market is classified into wraps, tapes & labels. Food and medical products require packaging with moisture resistance and transparency, placing BOPP wraps at the top owing to its increasing preference.

Food Segment Dominates Market Owing to Mounting Demand from Food Industry

By end use, the market is categorized into food [bakery & confectionary, dairy, meat, poultry & seafood, fruits & vegetables, others], tobacco, medical & pharmaceutical packaging, printing & stationery, beverage, and others. The food segment leads the market as the food and beverage sector witnesses a high demand for BOPP films in secure packaging in transit and on the shelf.

Regionally, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Remarkable Qualities of BOPP Films Increases Demand, Fostering Market Growth

Food suppliers prefer BOPP films for packaging owing to their multiple advantages, including extended shelf life for food products, moisture permeability, and food safety. Manufacturing companies diligently focus on meeting the lifestyle of modern people, which is shifting toward health consciousness by developing high-quality biaxially oriented polypropylene films. These films serve as an exemplary substitute for other packaging films by providing food safety during transit.

However, the BOPP films market growth may be impeded as these films need special processing for certain types of packaging.

Regional Insights

Asia Pacific Holds Leadership Position with the Region’s Rising Economy

Asia Pacific leads by capturing the largest BOPP films market share and secured a market capital of USD 9.03 billion in 2023. The surging population and rising economic growth in Japan, India, and China create a positive outlook for the market over the coming years.

Europe stands in second position, following Asia Pacific, powered by the presence of prominent companies producing tobacco and an escalating number of tobacco users.

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Competitive Landscape

Key Companies Aim to Increase Consumer Base through Innovations

The highly competitive market houses industry giants, including SRF Limited, CCL Industries, and Taghleef Industries, among many others. Client pool expansion and development of cutting-edge technology to make advancements in BOPP films are predominantly centered on market leaders.

Key Industry Development

August 2023: Mitsui Chemicals Tohcello, Toppan, and Mitsui Chemicals unveiled joint pilot testing for horizontal recycling of flexible packaging film to establish operational infrastructure and technologies for recycling flexible packaging materials.

List of Major Players Profiled in the Report:

Taghleef Industries (UAE)

SRF Limited (India)

TORAY INDUSTRIES, INC. (U.S.)

ObenGroup (Peru)

UFlex Limited (India)

NAN YA PLASTICS CORPORATION (Taiwan)

Polyplex (India)

Jindal Poly Films Limited (India)

CCL Industries (Canada)

FUTAMURA CHEMICAL CO., LTD. (Japan)

Cosmo Films (India)

Amcor plc (Switzerland)

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Acoustic Insulation Market Size, Share, and Industry Forecasts through 2032

The acoustic insulation market size is anticipated to observe impressive growth during the forecast period.

Acoustic insulation has a vital role in different industrial applications, including power generation, oil & gas, and HVAC systems. The criticality of the product in industrial settings for the productivity and safety of workers is expediting market growth. Moreover, adequate acoustic insulation aids industrial facilities adhere to regulations while creating a safer working environment.

Fortune Business Insights presents this information in their report titled "Acoustic Insulation Market, 2024–2032."

Request For Sample Report: https://www.fortunebusinessinsights.com/enquiry/sample/acoustic-insulation-market-109654

Segmentation:

In terms of material type, the market is classified into glass wool, polymeric foam, mineral wool, and others.

By application, the market is divided into industrial, transportation, building & construction, and others.

From the regional standpoint, the market is categorized into Asia Pacific, the Middle East & Africa, Europe, Latin America, and North America.

Report Coverage

The report comprehensively discusses the major driving factors affecting the market growth. In addition, it provides a detailed analysis of the top trends, dominating segments, current technological advancements, and the impact of the COVID-19 pandemic on the market growth. Besides this, it provides vital insights into Porter’s five forces analysis and the strategic moves adopted by leading companies to stand out from the competition. The report also gives insights on sustainability and restraining factors expected to hinder the market growth during the forecast period.

Drivers:

Increasing Product Deployment in the Building & Construction Sector to Fuel Market Growth

One of the major factors augmenting the acoustic insulation market growth is the growing product deployment in the building & construction sector. Acoustic insulation materials are massively being deployed in commercial and residential buildings due to the increasing demand for noise reduction and enhanced indoor acoustics. It has been estimated by the Environmental Protection Agency that an average of 15% can be saved by homeowners on cooling and heating with the help of air sealing in homes and including insulation in accessible basement rim joists, floors over crawl spaces, and attics.

Regional Insights:

Asia Pacific Holds a Leading Position Driven by Quick Urbanization

Asia Pacific occupies the largest acoustic insulation market share on account of quick urbanization, increasing focus on noise reduction and energy efficiency, and development in infrastructure. The heightened demand for acoustic insulation solutions in industrial, commercial, and residential applications in the region can be ascribed to industrialization, flourishing construction, and rising disposable incomes. Moreover, China is the key exporter and producer of mineral wool, which is a major material deployed in acoustic insulation. The significant share of the country in the market is due to its large-scale production capabilities and enormous supply of raw materials.

Competitive Landscape:

Top Players Emphasize Acquisitions to Boost Their Position

The market players are leveraging a wide array of strategic initiatives to keep ahead of their competition. Some of these strategies include mergers, joint ventures, partnerships, and product innovations. A wide range of companies are also focusing on acquisition strategies to strengthen their position.

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Key Industry Development:

February 2024: Saint-Gobain’s acquisition of International Cellulose Corporation helped it broaden its insulation portfolio by including cellulose fiber products. This allowed it to provide more high-performane and sustainable thermal and acoustic insulation solutions to cater to surging demand.

 December 2023: ROCKWOOL Group move in the acquisition of Borner Insulation depicted its strategy to enhance its presence in Eastern and Central European region, which is a high-priority market. This deal is in line with the company’s expansion objectives and is poised to help it cater better to the rising demand for sustainable and energy-efficient insulation solutions.

Major Players Profiled in the Report:

ROCKWOOL International (Denmark)

Knauf Insulation (U.S.)

Saint-Gobain (France)

Armacell International S.A. (Luxembourg)

Fletcher Insulation (Australia)

Johns Manville (U.S.)

Kingspan Group plc (Ireland)

Superglass Insulation Ltd. (U.K.)

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Flavors and Fragrances Industry Forecast: Emerging Trends and Market Share (2024-2032)

The global flavors and fragrances market size was valued at USD 27.50 billion in 2023 and is projected to grow from USD 28.72 billion in 2024 to USD 42.27 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period. The market is anticipated to grow during the projected period due to rapid development in the pharmaceuticals and cosmetics sector. Fortune Business Insights™ publishes this information in a report titled, "Flavors and Fragrances Market, 2024-2032".

Segments:

Flavors Segment to Lead the Market Due to its Unique Properties

By type, the market is bifurcated into flavors and fragrances. The flavors segment is further categorized into natural and synthetic. The fragrances segment is also divided into natural and synthetic.

Food & Beverage Sub-Segment to Dominate the Market

Based on type (cross application), the market is segregated into flavors used in the food & beverage sector for beverages, bakery, confectionery, dairy, and others. These flavors are also used in pharmaceuticals and other sectors. The fragrance segment is further classified into fine fragrances, cosmetics & personal care, home & floor care, and others.   

Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

Report Coverage:

The report sheds light on the current market state and recent developments in the market. The impact of COVID-19 pandemic on the market growth is highlighted in this report. Furthermore, the report sheds light on drivers and restraints affecting the market development and expansion during the forecast period. Also, a list of key market players is given, along with the regional insights on segmented market areas.

List of Key Players Profiled in the Report:  

Givaudan (Switzerland)

International Flavors and Fragrances (IFF) (U.S.)

Symrise AG (Germany)

Robertet Group (France)

Kerry Group plc (Ireland)

Sensient Technologies (U.S.)

Firmenich SA (Switzerland)

Takasago International Corp (Japan)

Hasegawa Co., Ltd. (Japan)

Mane (France)

Drivers & Restraints:

Rising Development in Pharmaceuticals & Cosmetics Sector to Propel Growth

The market is expected to witness significant growth during the forecast period due to the developing regional and novel flavors and fragrances. Also, consumers' changing food preferences and tastes and the adoption of ready-to-eat food are anticipated to fuel the regional market growth. Furthermore, growth in the cosmetics and pharmaceuticals sectors is expected to drive market growth.

However, constantly changing prices in various products hamper market growth.         

Regional Insights:

Europe Holds Dominant Market Share Due to Rising Demand from Food & Beverage Sector

Europe dominates the global flavors and fragrances market share due to the rising product demand from food & beverage manufacturers. The regional market stood at USD 8.16 billion in 2021.

Asia Pacific holds the second-largest global market share owing to the increasing demand for flavors and fragrances from various end-use industries.

Get More Information: https://www.fortunebusinessinsights.com/flavors-and-fragrances-market-102329

Competitive Landscape:

New Product Launch Allows Key Market Players to Enhance their Product Portfolio

The key market players acquire various companies operating in the industry to improve their business performance. Also, rising investments in the adoption of technological advancements and R&D activities allow the leading market players to introduce new product ranges to the global market and increase business profitability.

Key Industry Development:

March 2022: Symrise submitted a binding offer to acquire R. Romani - Société Française d’Aromatiques (SFA Romani) and Neroli Invest DL (Groupe Neroli). Both companies are based in the Grasse area in France. With these transactions, Symrise intends to reinforce its fine fragrance presence in southern France, strengthen its competitiveness in creating fragrance compositions, and broaden its presence in key countries in Europe, Africa, and the Middle East.

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Elastomeric Foam Market Segments and Trends: Size, Share, and Forecast to 2032

The global elastomeric foam market size was USD 2.648 billion in 2019. The market is projected to reach USD 4.462 billion in 2027 at a CAGR of 6.8% during the 2020-2027 period. Increasing demand for HVAC systems for maintaining the internal environment of the commercial and residential buildings which is projected to fuel the market growth. Rising demand for the product in various applications is anticipated to drive the market share. High demand from the construction industry is expected to increase the market size during the forecast period. Popularity for the product is growing as it reduces the need for any vapor barrier. Growing industrialization and miniaturization are expected to boost the demand for the product. Fortune Business Insights™ mentioned this in a report titled, “Elastomeric Foam Market, 2024-2032”.    

Segmentation

By Function Analysis, Thermal Insulation Segment Led in 2019

Based on the function, the market is segmented into acoustic insulation and thermal insulation. Thermal insulation segment is anticipated to have a significant growth as it is used in various in industries. It is used in industries such as construction, textiles, automotive, mechanical systems, and general manufacturing. Higher share of this segment is credited to the use of thermal insulation which is done by using processes such as cellulose, glass wools, and others and specially engineered materials. Thermal insulation prevents the buildings from overheating under hot conditions.

By Type Analysis, EPDM Segment to Lead the Type Segment

Based on the type, the market is divided into EPDM, NBR, and others. EPDM segment had majority share in 2019 and is predicted to have a substantial growth during the forecast period. This is due to its advantages such as lower permeability, conformability, and insulation properties. It exhibits for insulating, gasketing, and sealing. It is durable, flexible, cost-effective, and has lower maintenance for insulation. Increasing demand from automotive and industrial sectors.

By Application Analysis, HVAC Segment to Dominate the Application Segment

On the basis of application, the market is divided into automotive & transportation, electrical & electronics, heating, ventilation, cooling, and air conditioning (HVAC), and others. HVAC dominated the segment in 2019 and is expected to dominate in 2027. They are used in residential and industrial for maintaining the heating, airflow, and ventilation.  

List of Key Players Present in the Market

Armacell International SA (Germany)

Zotefoams PLC (U.K.)

Kaimann Insulation (Germany)

L'Isolante K-Flex (Italy)

Huamei Energy-Saving Technology Group Co., Ltd. (China)

NMC Insulation (U.K.)

Aeroflex USA, Inc. (U.S.)

Kingswell World Industries (China)

Inc. (U.S.)

Hira Industries (UAE)

Report Coverage

This report covers the overview of this market that provides an analysis of product, impact of COVID-19 pandemic, segmentation, drivers and restraints, regional insights, new developments, and key players present in the market. Dynamic change in the market is subjected to alter the demand in the forecast period.

Drivers & Restraints

Need for Renewable Energy Sources to Display High Growth Trajectory

Increasing demand for HVAC systems from various end-sectors is anticipated to shape of elastomeric foam market growth. HVAC systems is used to maintain the temperature of the internal environment. It involves maintaining air conditioning, ventilation, and heating. Increasing applications in residential facilities, hospitals, and others is projected to drive the market growth. They are used to maintain a healthy temperature according to the weather conditions. Stringent rules and regulations by Occupational Safety and Health Administration (OSHA) for safety and health is expected to fuel the market growth.      

On the other hand, disposability and lack of awareness of the product amongst the consumers is expected to hamper market growth for elastomeric foam during the forecast period.

Get More Information: https://www.fortunebusinessinsights.com/elastomeric-foam-market-104004

Regional Insights

High Demand from Industrial Sector in Asia Pacific to Augment Market Growth

Asia Pacific holds the largest part in the global elastomeric foam market share due to ongoing demand for HVAC systems from the industrial sector in the region. The increase in the market size is attributed to high demand from manufacturing industries to boost region’s growth. Thermal insulation is one of the widely techniques that is used to maintain temperature of the environment. The regional market is set to grow owing to easy accessibility of raw materials in countries such as India, China, and Southeastern Asian countries. Low labor costs in the various countries in the region is expected to drive the market growth. The region has established various production facilities and businesses which is anticipated to drive market growth.   

Competitive Landscape:

New players entering the market have launched their new product lines making the market more competitive with their advanced solutions. It includes R&D investments, launch of new and advanced products in the market. Companies have been adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

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Global Grease Market: Key Drivers, Size, and Share Forecast (2024-2032)

The global grease market size was valued at USD 6.36 billion in 2023. The market is projected to grow from USD 6.60 billion in 2024 to USD 9.49 billion by 2032 at a CAGR of 4.6% during the forecast period. Grease offers effective lubrication across an array of operating conditions such as heavy loads and high temperature. The rising product deployment across numerous industries, such as mining and construction, fuels industry growth.

Segmentation:

Mineral Oil Segment Registered Major Share Owing to Friction-Reducing Properties

Based on base oil, the market is segregated into synthetic oil, bio-based oil, and mineral oil. The mineral oil segment accounted for a prominent share of the global market in 2023. The oil assists in decreasing wear and friction between moving parts, which is one of the major attributes fueling segment growth.  

Automotive Segment Led the Market Due to Benefit of Smooth Longevity of Auto Parts

By application, the market is categorized into mining, power generation, construction, food & beverage, agriculture, automotive, and others. The automotive segment bagged a dominating position of the global market in 2023. The use of grease provides smooth longevity of automotive parts and offers protection against corrosion, water, friction, and wear, driving segmental expansion.

On the basis of geography, the market has been analyzed across Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.

Report Coverage:

The report represents an account of the key trends in the market. It further gives an insight into the prominent factors anticipated to drive market expansion over the coming years. An analysis of the market based on various segments has also been provided in the report. The market has been analyzed based on base oil, application, and geography.  

List of Key Players Mentioned in the Report:

Exxon Mobil Corporation (U.S.)

Total Energies (France)

Shell PLC (U.K.)

Chevron Corporation (U.S.)

P. PLC (U.K.)

FUCHS (Germany)

Sinopec (China)

PETRONAS (Malaysia)

CONDAT Group (France)

Klüber Lubrication (Germany)

Request For Sample Report: https://www.fortunebusinessinsights.com/enquiry/sample/grease-market-110042

Drivers and Restraints:

Market to Witness New Opportunities with Increasing Development of Eco-Friendly Products

The growing adoption of environment-friendly products and soaring environmental awareness are anticipated to boost grease market growth. The use of eco-friendly solutions provides cost savings in terms of cleanup and disposal. In addition, there has been an enforcement of strict environmental regulations in Europe, North America, and Asia Pacific, leading to the development of eco-friendly lubricating solutions.

Nevertheless, uncertainties associated with the cost of raw materials owing to geopolitical tensions and volatility of oil and gas prices may hinder industry growth.   

Regional Insights:

Asia Pacific Accounted for Prominent Share Driven by Launch of High-Speed Rail Systems

Asia Pacific market size reached USD 2.81 billion in 2023. The regional grease market share stood at a major position in the global market owing to the launch of high-speed rail systems to improve transport infrastructure in the region.

North America is touted to expand owing to the increasing mining and construction sectors in the region.

Key Market Trends

Growing Demand for High-Performance Grease: The increasing need for equipment that operates under extreme conditions has driven the demand for synthetic and specialty greases. These products offer better performance in terms of temperature resistance, load-carrying capacity, and durability.

Shift Toward Eco-Friendly Grease: Environmental concerns and stringent regulations are driving the growth of bio-based greases, particularly in developed markets like Europe and North America. These greases reduce the environmental impact and provide sustainable solutions for various industries.

Technological Advancements: The development of new additives and thickeners that enhance grease performance is another key trend. Innovations in nano-lubricants and self-healing grease are expected to boost market growth over the forecast period.

Increasing Demand from Emerging Economies: Rapid industrialization and urbanization in countries like India, China, and Brazil are boosting the demand for grease in construction, automotive, and industrial sectors.

Focus on Maintenance Efficiency: As industries aim to reduce downtime and increase the lifespan of machinery, the use of high-quality lubricants like grease is becoming crucial. This trend is particularly strong in sectors like manufacturing, where equipment reliability is key to operational success.

Get More Information: https://www.fortunebusinessinsights.com/grease-market-110042

Competitive Landscape:

Leading Industry Players Strike Partnerships to Consolidate their Positions in the Market

Major market players are forging collaborations and undertaking capacity expansion initiatives to consolidate industry positions. These steps are also being deployed for gaining a competitive edge. B.P. PLC and Exxon Mobil Corporation are some of the leading companies in the market.

Key Industry Development:

February 2024 – Chevron announced the addition of Rykon to its product portfolio. The overbased calcium sulfonate complex grease has been launched for improving durability and enhancing uptime for next-gen equipment.

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Global Retort Packaging Market Segments and Emerging Trends (2024-2032)

The global retort packaging market size was valued at USD 4.62 billion in 2023 and is projected to be worth USD 4.85 billion in 2024 and reach USD 7.51 billion by 2032, exhibiting a CAGR of 5.61% during the forecast period. A retort pouch is food packaging type produced by using a laminate of metal foils and flexible plastic. The increasing use of retort pouches, cups, and trays in the food industry to propel the adoption of retort pouches.

Segments

The global retort packaging market is segmented based on product type, material, application, and region.

a) By Product Type:

Pouches: The most dominant segment, pouches account for the largest market share due to their flexibility, light weight, and cost-effectiveness.

Trays: Used mainly for packaging meals that require reheating.

Cartons: Gaining popularity due to their eco-friendliness.

b) By Material:

Polypropylene (PP): One of the most widely used materials in retort packaging due to its high heat resistance.

Polyethylene Terephthalate (PET): Used for its durability and resistance to heat.

Aluminum Foil: Known for its excellent barrier properties to oxygen and moisture.

c) By Application:

Food & Beverages: This is the largest application segment, driven by demand for ready meals, baby food, and pet food. The ready-to-eat meal segment is seeing robust growth due to busy lifestyles.

Pharmaceuticals: Retort packaging is increasingly used to extend the shelf life of medical supplies.

Personal Care: A smaller but growing segment, used for packaging temperature-sensitive cosmetic products.

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.

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Drivers & Restraints

Increasing Consumption of Packaged Food by Consumers to Drive Market Growth

The surging intake of packaged food by consumers along with the increasing demand for ready-to-eat food items drive the retort packaging market growth. The market growth is also propelled by the growing interest of consumers toward packaged food and rising food industry globally.

However, the high cost of primary machine and the complexity of the process may impede the market expansion.

List of Key Players Present in the Report:

Amcor (Switzerland)

Sealed Air (U.S.)

Coveris (Austria)

Mondi (U.K.)

Huhtamaki Oyj (Finland)

Sonoco Products Company (U.S.)

Constantia Flexibles (Austria)

ProAmpac (U.S.)

Flair Flexible Packaging Corporation (Canada)

Winpak Ltd. (Canada)

Logos Packaging (China)

DNP America (U.S.)

HPM Global Inc. (South Korea)

Printpack (U.S.)

Tetra Pak (Switzerland)

Regional Insights

Asia Pacific Dominates the Market Due to Increase in Cost-Effective Packaging Solutions Demand

Asia Pacific is the leading region in the retort packaging market share. The region’s growth is attributed to the increasing demand for cost-effective packaging solutions integrated with the growing packaged foods demand, such as ready to eat meals, and changing consumer lifestyles.

North America is the second leading region in the market due to the surging use of retort trays, pouches, and containers owing to their features, including lightweight and portability.

Competitive Landscape

Key Players are Offering Innovative Packaging Solutions Driving Market Expansion

In terms of the competitive landscape, the market consists of key players, including Amcor, Coveris, and others. These major players in the market are offering innovative packaging solutions in the packaging industry to maintain competitive edge in the market.

Get More Information: https://www.fortunebusinessinsights.com/retort-packaging-market-109989

Key Industry Development

April 2022 – ProAmpac launched high-performance retort pouches containing post-consumer recycled materials. The company had developed these unique ProActive PCR retort pouches to fulfill the increasing demand for post-consumer recycled (PCR) packaging solutions.

Challenges

High Production Costs: The cost of manufacturing retort packaging can be high, especially when using advanced materials like aluminum or recyclable plastics.

Regulatory Barriers: Strict regulations around food safety, particularly in Europe and North America, can pose challenges for manufacturers in developing new packaging materials and methods.

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BOPP Films Market Share & Size Analysis: Forecast 2024-2032

The global BOPP films market was valued at USD 23.55 billion in 2023. The market is projected to grow from USD 24.76 billion in 2024 to USD 38.40 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period.

Polypropylene, when stretched in machine and transverse directions, results in biaxially oriented polypropylene, also commonly known as BOPP films. As per study, the recyclability of BOPP films, along with its robustness, serves it as a major contributor to lower plastic waste. Moreover, its low-weight reduces the packaging material's overall weight, resulting in cost-effective transportation.

Fortune Business Insights has deep-dived into these inputs in its latest research report titled "BOPP Films Market, 2024–2032".

Segments:

Plain Film’s Superior Properties Over its Counterparts make it Market Leader

By type, the market is profiled into plain, matt, metalized, pearlized, and others. BOPP plain films dominate and secured a substantial 57.26% market share in 2023 with plain film’s flexibility and high tear resistance.

Wraps Segments Tops Market Position with Its Moisture Contravention Function

By product type, the market is classified into wraps, tapes & labels. Food and medical products require packaging with moisture resistance and transparency, placing BOPP wraps at the top owing to its increasing preference.

Food Segment Dominates Market Owing to Mounting Demand from Food Industry

By end use, the market is categorized into food [bakery & confectionary, dairy, meat, poultry & seafood, fruits & vegetables, others], tobacco, medical & pharmaceutical packaging, printing & stationery, beverage, and others. The food segment leads the market as the food and beverage sector witnesses a high demand for BOPP films in secure packaging in transit and on the shelf.

Regionally, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Remarkable Qualities of BOPP Films Increases Demand, Fostering Market Growth

Food suppliers prefer BOPP films for packaging owing to their multiple advantages, including extended shelf life for food products, moisture permeability, and food safety. Manufacturing companies diligently focus on meeting the lifestyle of modern people, which is shifting toward health consciousness by developing high-quality biaxially oriented polypropylene films. These films serve as an exemplary substitute for other packaging films by providing food safety during transit.

However, the BOPP films market growth may be impeded as these films need special processing for certain types of packaging.

Regional Insights

Asia Pacific Holds Leadership Position with the Region’s Rising Economy

Asia Pacific leads by capturing the largest BOPP films market share and secured a market capital of USD 9.03 billion in 2023. The surging population and rising economic growth in Japan, India, and China create a positive outlook for the market over the coming years.

Europe stands in second position, following Asia Pacific, powered by the presence of prominent companies producing tobacco and an escalating number of tobacco users.

Competitive Landscape

Key Companies Aim to Increase Consumer Base through Innovations

The highly competitive market houses industry giants, including SRF Limited, CCL Industries, and Taghleef Industries, among many others. Client pool expansion and development of cutting-edge technology to make advancements in BOPP films are predominantly centered on market leaders.

Get More Information: https://www.fortunebusinessinsights.com/bopp-films-market-109631

Key Industry Development

August 2023: Mitsui Chemicals Tohcello, Toppan, and Mitsui Chemicals unveiled joint pilot testing for horizontal recycling of flexible packaging film to establish operational infrastructure and technologies for recycling flexible packaging materials.

List of Major Players Profiled in the Report:

Taghleef Industries (UAE)

SRF Limited (India)

TORAY INDUSTRIES, INC. (U.S.)

ObenGroup (Peru)

UFlex Limited (India)

NAN YA PLASTICS CORPORATION (Taiwan)

Polyplex (India)

Jindal Poly Films Limited (India)

CCL Industries (Canada)

FUTAMURA CHEMICAL CO., LTD. (Japan)

Cosmo Films (India)

Amcor plc (Switzerland)

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Global Precast Concrete Market Size and Growth Trends: Forecast 2024-2032

The global precast concrete market size was valued at USD 133.84 billion in 2023 and is projected to grow from USD 141.01 billion in 2024 to USD 232.93 billion by 2032, at a CAGR of 6.5% during 2024-2032. Precast concretes mean mold in the reusable form which can be used to provide a superior level of resistance to insects and mold, or natural disasters, or in case of fires. Unlike other building material, precast concrete is resistant to termites, requires low maintenance, and meager insurance costs. As per a report by Fortune Business Insights, titled, “Precast Concrete Market Size, Share & Industry Analysis, By Product Type (Building Components, Transportation, Water & Waste Handling, and Others), By End-Use (Residential, and Non-Residential), and Regional Forecast, 2024-2032,” the market value was USD 115.98 billion in 2019. 

 The Report Answers the Following Queries:

What is the nature of the market?

Who are the key players of the market for precast concrete, and what is their strategy?

How will urbanization contribute to the growth of the market?

What are the recent industry developments in this market?

Drivers & Restraints-

Increasing Demand for Commercial and Residential Spaces to Propel Growth

Increasing population, growing industries and businesses, and the rising need for residential and commercial spaces are the key factors promoting the precast concrete market growth. In addition to this, rapid urbanization and industrialization have propelled the demand for construction activities. This has led to a rise in the expenditure for construction activities, thereby augmenting growth.

On the contrary, certain drawbacks may pull down this market in the future. These include the environmental and health concerns concerning cement manufacturing. It is believed that cement production releases many gases such as sulfur dioxide, carbon monoxide, and nitrogen oxide into the atmosphere. This may result in numerous environmental impacts such as global warming, depletion in the quality of water, and acid rain, among others. Besides this, there are several health issues such as visual impairment, asthma, and various cardiovascular diseases that may cause hindrance to the overall market in the coming years.

Segment:

Building Components Segment Earned Major Share Attributed to Utilization in Construction Projects

Based on segmentation by product type, the building components segment gained the largest precast concrete market share. Growth of this segment is attributable to the increasing demand for cost-efficient quality houses at affordable prices that propelled a rise in the number of construction projects.

Regional Analysis-

Asia Pacific to Emerge Dominant on Account of Rising Investments in Infrastructural Development

Geographically, Asia Pacific earned a revenue of USD 46.97 billion in the year 2019 and received the largest precast concrete market share. This is attributable to the increasing investments on infrastructural development by emerging nations such as India, China, and Japan in the forecast duration that will propel the demand for precast concrete in the regional market. Europe ranks second on account of the increasing use of precast concrete products for commercial and industrial construction projects.

Competitive Landscape-

Players Focusing on Geographical Expansion for Gaining Significant Position in Market

The global market for precast concrete is fragmented as the number of players is many. Some of them are investing heavily on material supply and other partnership strategies to gain a competitive edge in the market. Others are planning on expanding their brand presence geographically to draw significant revenues to the market.

Get More Information: https://www.fortunebusinessinsights.com/precast-concrete-market-103301

Major Industry Developments of the Market for Precast Concrete Include:

January 2019 – Alfons Greten Betonwerk was acquired by Lafarge Holcim for operating collaboratively on one ready-mix and one precast concrete plant located in Germany. This effort is expected to help increase its brand presence in the nation.

April 2017 – The Caissons of maritime infrastructure by Bouygues Construction was pre-casted for the Monaco offshore extension project located in Marseille. This will help to serve as the new base for offshore extensions.

Some of the Key Players of the Market for Precast Concrete include:

Oldcastle Precast (U.S.)

Balfour Beatty(U.K.)

Bouygues Construction(France)

Elementbau Osthessen GmbH & Co., ELO KG (Germany)

Spancrete (U.S.)

Tindall Corporation (U.S.)

Forterra (U.S.)

CEMEX (Mexico)

Larson & Turbo Limited (India)

Olson Precast Company (U.S.)

Gulf Precast (UAE)

LafargeHolcim (Switzerland)

Boral (Australia)

Other players

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Global Demulsifier Market Insights: Size, Share, and Forecast Analysis (2024-2032)

The global demulsifier market size was valued at USD 2.43 billion in 2023 and is projected to grow from USD 2.53 billion in 2024 to USD 3.45 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period.

The global demulsifier market is an essential component of the oil and gas, petrochemical, and chemical industries. Demulsifiers, also known as emulsion breakers, are chemicals used to separate emulsions, specifically water-in-oil emulsions. They are vital in crude oil processing, as they help in separating water from crude oil, ensuring efficient refining and transportation. The market for demulsifiers is closely linked to oil and gas production activities, which fluctuate based on global energy demand and geopolitical dynamics.

Market Size and Share

The global demulsifier market was valued at approximately USD 2.1 billion in 2023, and it is projected to reach USD 2.8 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period (2023-2028). The growth of the market is primarily driven by the rising demand for crude oil and increased exploration activities, particularly in regions such as North America, the Middle East, and Africa. Furthermore, advances in extraction technologies, such as shale oil and gas, also contribute to the rising demand for demulsifiers.

North America holds the largest market share, driven by significant shale oil production in the U.S. and Canada.

Middle East & Africa follows closely due to its vast oil reserves and the presence of major oil producers.

Asia-Pacific is expected to witness strong growth due to increasing energy consumption, especially in countries like China and India.

Market Drivers

Increasing Oil Production: Growth in offshore and onshore oil production activities drives the demand for demulsifiers.

Energy Demand: Rapid industrialization and urbanization, particularly in developing countries, have spurred the demand for oil and gas, boosting the demulsifier market.

Technological Advancements: Improved oil extraction techniques, including deep-water drilling and enhanced oil recovery (EOR), have increased the usage of demulsifiers.

Environmental Regulations: Stringent regulations regarding oil extraction and refining to minimize environmental impact push the need for effective water separation processes, enhancing the demand for demulsifiers.

Market Restraints

Fluctuating Crude Oil Prices: Volatility in global crude oil prices can affect the profitability and investment in oil exploration, impacting the demand for demulsifiers.

Environmental Concerns: Some demulsifiers have been found to be harmful to the environment, leading to increased regulation and shifts toward green chemistry solutions.

Key Market Segments

The demulsifier market can be segmented based on type, application, and region.

a. By Type

Oil-Soluble Demulsifiers: These are more effective in separating water-in-oil emulsions and are commonly used in crude oil processing. They hold the majority of the market share.

Water-Soluble Demulsifiers: These are used in specific applications where water-based separation is needed but hold a smaller share compared to oil-soluble variants.

b. By Application

Crude Oil: The largest segment, as demulsifiers are primarily used in the oil and gas industry to process and refine crude oil by separating water from oil.

Petrochemical: Demulsifiers are used in the petrochemical industry for various refining processes.

Lubricant Manufacturing: Used to improve the quality of lubricants by separating moisture during production.

Other Applications: Demulsifiers also find use in industries like pharmaceuticals, water treatment, and food processing.

Regional Insights:

In 2023, the North American demulsifier market was valued at USD 0.73 billion, leading the global market and expected to maintain its dominance throughout the forecast period. This strong position is driven by high demand from the region's vast oil production base. The United States, in particular, is the top oil producer due to its large oil reserves, and the significant manufacturing base in North America is further expected to support regional market growth.

The Middle East & Africa is also projected to hold a substantial share of the demulsifier market, thanks to the large oil and gas reserves in countries such as Kuwait, Iran, Iraq, Saudi Arabia, and the UAE. The region's extensive petroleum and oil extraction activities will drive strong demand for demulsifiers. Moreover, the discovery of new oil reserves in Saudi Arabia and Abu Dhabi is expected to have a significant positive impact on market growth in the region.

Get More Information: https://www.fortunebusinessinsights.com/industry-reports/demulsifier-market-101084

LIST OF KEY COMPANIES PROFILED Baker Hughes Incorporated (U.S.) Croda International (U.K.) Ecolab Inc. (U.S.) Clariant (Switzerland) Schlumberger Limited (U.S.) BASF SE (Germany) Nova Star LP (U.S.) Nouryon (Netherlands) SI Group (U.S.) Innospec Inc. (U.S.)

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Thermoformed Plastics Market Overview: Size, Share, and Forecast by Region 2024-2032

The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Thermoformed Plastics Market Size, Share & Industry Analysis, By Plastic Type (Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile butadiene styrene, Bio-degradable polymers), By Thermoforming Type (Vacuum Snapback, Thin Gauge Thermoforming, Thick Gauge Thermoforming, and Plug Assist Forming), By Application (Healthcare & Medical, Food Packaging, Electrical & Electronics, Automotive Packaging, Construction, Consumer Goods & Appliances), and Geography Forecast, 2024-2032.” The market size stood at USD 40.59 billion in 2019.

The report on the thermoformed plastics market emphasizes:

Wide-ranging analysis of the market

Valuable insights into the regions

Key market trends and drivers

Severe impact of COVID on the industry

Significant about prominent players

Market Segments :

The thermoformed plastics market is segmented based on the following categories:

 By Material

Polypropylene (PP): Widely used in food packaging and medical trays due to its chemical resistance and low cost.

Polyethylene (PE): Common in agricultural, construction, and packaging sectors.

Polystyrene (PS): Utilized for its rigidity and insulation properties, especially in disposable cups and containers.

Polyvinyl Chloride (PVC): Valued for its durability and flexibility in medical and construction applications.

 By Process

Vacuum Forming: A popular process used in creating thin-gauge plastic products for packaging and automotive parts.

Pressure Forming: Used for creating more detailed and durable plastic components, often applied in the medical and automotive industries.

Mechanical Forming: Ideal for high-strength plastic products, though less commonly used due to higher costs.

 By End-Use Industry

Packaging: The largest segment, driven by the demand for food packaging, blister packaging, and trays.

Healthcare: Growing demand for medical devices, pharmaceutical packaging, and diagnostic kits.

Automotive: Use in interior panels, door liners, and exterior components due to the lightweight nature of thermoformed plastics.

Construction: Utilized in various building materials and components due to its flexibility and durability.

Consumer Goods: Application in a wide range of household and industrial goods.

Market Driver:

Increasing demand for lightweight and cost-effective packaging solutions: The food and beverage industry is shifting towards lightweight materials to reduce shipping costs and improve sustainability. Thermoformed plastics meet these demands while maintaining durability and flexibility.

Growth in the healthcare industry: The rise in medical procedures and pharmaceutical packaging requires efficient, sterile, and cost-effective solutions, where thermoformed plastics are widely used.

Technological advancements in thermoforming: Innovations in tooling and processing techniques are enabling the production of more complex and precise plastic components, increasing their applications in industries like aerospace and electronics.

Regional Analysis:

Prospering Healthcare Sector to Aid Growth in North America

The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region.

Get More Information: https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032

Key Development:

July 2020: Anchor Packaging LLC, announced it has acquired Panoramic Inc. manufacturer of thermoformed products. This acquisition will broaden the offering to produce, attract bakery, confectionery customers, and deli.

The Report Lists the Main Companies in the Thermoformed Plastics Market:

Fabri-Kal Corp. (U.S.)

Pactiv LLC (U.S.)

Amcor Ltd. (Australia)

Berry Global Inc. (U.S.)

D&W Fine Pack LLC (U.S.)

Genpak LLC (U.S.)

Dart Container Corp. (U.S.)

Sabert Corporation (U.S.)

Anchor Packaging (U.S.)

Sonoco Products Company (U.S.)

M. Packaging (Netherlands)

Other Key Players

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Textile Chemicals Industry Overview and Size Forecast 2024-2032

The global textile chemicals market was valued at USD 20.67 billion in 2019 and is projected to reach USD 26.97 billion by 2027, growing at a robust CAGR of 3.5% from 2020 to 2027. Rising popularity across textile and apparel industries and robust adoption of sustainable products may propel market growth. Fortune Business Insights™ presents this information in its report titled “Textile Chemicals Market, 2024-2032.”

Segmentation

Colorant & Auxiliaries Segment to Dominate Owing to Extensive Consumption

By product type, the market is classified into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others.

The colorant & auxiliaries segment is expected to dominate owing to its increasing applications. This factor is expected to dominate segmental growth.

Apparel Segment to Dominate Owing to Increasing Apparel Production

Based on application, the market is trifurcated into apparel, home furnishing, and technical textiles.

The apparel segment is expected to dominate owing to rising apparel production. Further, the growing demand for textiles from the geriatric population may enhance market progress.

Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Rising Awareness Regarding Textile Chemistry in Manufacturing Sector to Foster Growth

Textile chemicals are utilized to treat textile materials at various manufacturing stages such as washing, scouring, mercerizing, dyeing, printing, and finishing. Increasing awareness regarding textile chemistry in manufacturing is expected to foster the demand for textile chemicals. Furthermore, rising consumer demand for enhanced functionality and quality is expected to boost textile chemicals’ sales. Moreover, the increasing awareness regarding the importance of textile chemistry is expected to drive the textile chemicals market growth.

However, the chemical's human health and environmental effects are expected to hamper the market growth.

Regional Insights

Presence of Leading Textile Manufacturers to Propel Market Progress in Asia Pacific

Asia Pacific is projected to dominate the textile chemicals market share because of the presence of several leading textile manufacturing companies in India, Vietnam, Bangladesh, Indonesia, and China. The market in Asia Pacific was valued at USD 1.55 billion in 2019 and is expected to gain a huge portion of the global market share in the upcoming years. Moreover, China's substantial production volume and value are expected to foster industry growth.

In Europe, the presence of a huge manufacturing base is expected to foster the demand for textile chemicals. The region houses nearly 1,71,000 manufacturing industries and may allow manufacturers to elevate their supply chain. This factor may propel market progress.

The market in North America is expected to dominate owing to the large export volume of textiles in the U.S. The textile industry supplies nearly 8,000 textile products to the defense sector and is responsible for market growth in the region.

Competitive Landscape

Companies Enter Agreements to Expand Market Presence

The prominent companies operating in the market enter agreements to expand their market presence. For example, Croda International entered an agreement with Microban to provide odor control and antimicrobial technologies to Indonesia and Indian industries in June 2019. Microban’s product offering includes Scentry, Scentry Revive, AEGIS, and SilverShield. The companies may explore new opportunities and expand their market presence through this development. Further, companies devise acquisitions, mergers, novel product launches, innovations, research and development, and industrial automation to enhance their annual revenues and reinforce their stance in the global market.

Get More Information: https://www.fortunebusinessinsights.com/textile-chemicals-market-103284

Key Industry Development

July 2022- As per the information provided by Swarajyamag.com, manufacturing exports are likely to touch USD 1 trillion in India. The chemical sector is the leading sector responsible for this spike in exports.

List of Key Players Profiled in the Market Report

Archroma (Switzerland)

Huntsman Corporation (U.S.)

DIC Corporation (Japan)

Kiri Industries Ltd. (India)

Covestro AG (Germany)

Omnova Solutions Inc. (U.S.)

Lubrizol Corporation (U.S.)

Solvay S.A. (Belgium)

Evonik Industries AG (Germany)

Tanatext Chemicals (Netherlands)

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Paints and Coatings Additives Market Size, Share, and Key Growth Analysis (2024-2032)

The global paints and coatings additives market size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. This is attributable to the surging demand for advanced paints and coatings additives owing to the increasing residential projects and the rising automotive sector across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Paints and Coatings Additives Market Size, Share & COVID-19 Impact Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2024-2032.” 

Paints and coatings additives consist of emulsifiers, pigments, curing catalysts, thickeners, and dispersants, among others. These additives are extensively adopted to enhance the inherent properties such as good leveling and flow, UV protection, high-temperature stability, and chemical resistance. This makes them an ideal choice for applications across automotive and construction sectors globally.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. 

DRIVING FACTORS

Increasing Focus on Development of Residential Sector to Augment Growth

The novel coronavirus has hampered the painting and coating applications across the globe. However, the growing do-it-yourself projects undertaken by the people to decorate their homes are driving the demand for these additives. These additives are extensively adopted as emulsifiers, dispersants, thickeners, photo-stabilizers, and leveling agents as they provide efficient corrosion protection for infrastructures. Additionally, they improve the overall shelf life of coatings and increase the substrate durability. Owing to their several benefits, the surging adoption of advanced additives is expected to boost the global paints and coatings additives market growth during the forecast period.

SEGMENTATION

The paints and coatings additives market can be segmented based on product type, application, and end-user industry.

By Product Type:

Rheology Modifiers: These additives help control the flow and application properties of the paint, improving consistency and finish. Rheology modifiers hold a significant share of the market.

Dispersing Agents: These are used to stabilize pigment particles and prevent them from clumping, ensuring uniform color distribution.

Wetting Agents: Wetting agents enhance the paint's ability to spread evenly across surfaces, minimizing defects and improving surface smoothness.

Anti-Foaming Agents: Prevent foam formation during paint application, which can lead to surface imperfections.

Biocides: Used to prevent microbial growth, particularly in water-based paints, extending shelf life and preventing spoilage.

By Application:

Architectural Coatings: Paint additives are widely used in both interior and exterior architectural applications. The construction sector's growth is driving demand for architectural coatings with enhanced properties, such as UV resistance and water repellence.

Automotive Coatings: The automotive industry requires advanced coatings for scratch resistance, corrosion protection, and enhanced aesthetics. Additives play a crucial role in achieving the desired performance.

Industrial Coatings: This segment includes coatings for heavy machinery, equipment, and industrial structures. Additives here provide properties such as heat resistance, anti-corrosion, and weatherability.

Marine Coatings: Marine environments are harsh, and paints need to resist saltwater, algae, and corrosion. Additives enhance durability and longevity.

REGIONAL INSIGHTS

Rising Automotive Sector in Asia-Pacific to Favor Growth

Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global paints and coatings additives market in the forthcoming years. This is attributable to the rising automotive sector in countries such as India and China that drive the demand for advanced paints and coatings additives to prevent corrosion and protect the vehicle from extreme temperature. The region stood at USD 3,766.8 million in 2019.

The market in Europe is expected to gain momentum owing to the increasing focus on improving the aesthetic look of old government and residential buildings in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Eminent Players Expanding Their Production Facilities to Leverage the Promising Opportunities

The global paints and coatings additives market is consolidated by the presence of several major companies that are focusing on expanding their production facilities to cater to the increasing demand for advanced paints & coatings additives for industrial applications such as automotive and construction.

Get More Information: https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810

Industry Development:

February 2020 – BYK announces the launch of its new production and research facility located in Texas, United States. According to the company, the new facility is anticipated to aid in propelling the manufacturing process of GARAMITE organoclays and additives that are adopted as specialty rheological paints & coatings additives across a wide range of industrial applications.

List of the Companies Operating in the Global Market:

Dow (U.S)

Evonik Industries AG (Germany)

BYK-Chemie GmbH (Germany)

Clariant AG (Switzerland)

Kyoeisha Chemical Co., LTD. (Japan)

Arkema S.A. (France)

BASF SE (Germany)

Lubrizol Corporation (U.S.)

ELEMENTIS PLC. (UK)

Kusumoto Chemicals, Ltd. (Japan)

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Industry Outlook: Hermetic Packaging Market Size, Share, and Forecast 2024-2032

The global hermetic packaging market size stood at USD 3.95 billion in 2023. The market revenue is anticipated to rise from USD 4.21 billion in 2024 to USD 7.31 billion by 2032, registering a CAGR of 7.14% from 2024 to 2032.

Hermetic packaging is widely used to protect electronic components from corrosive environments. An increase in research and development initiatives in the aerospace and defense sector is boosting the adoption of hermetic packaging solutions. Rising emphasis on sustainable packaging solutions to reduce environmental issues is propelling market expansion.

Fortune Business Insights presents this information in their report titled "Hermetic Packaging Market, 2024–2032".

Segments

Increasing Usage of Ceramic Metal Sealing in Implantable Electronic Devices Propels Segment Growth

By type, the market is classified into co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass metal sealing. The ceramic metal sealing segment accounts for the largest hermetic packaging market share owing to the increasing usage of ceramic metal sealing in implantable electronic devices. Growing preference for ceramic packaging over other materials due to its superior hermetic protection is boosting segment growth.

Surging Need for Excellent Heat Dissipation and High Optical Precision in Sensors Boosts Segment Expansion

On the basis of the application, the market is divided into sensors, photodiodes, MEMS, transistors, laser chips, memory, and others. The sensors segment takes the lead in the global market. The surging need for excellent heat dissipation and high optical precision in sensors is augmenting segment growth.

Aerospace & Defense Segment Leads the Market due to Rise in Defense Budgets

In terms of end-use industry, the market is segregated into aerospace & defense, healthcare, automotive, electrical & electronics, telecom, and others. The aerospace & defense segment dominates the global market driven by a rise in security threats, changing political dynamics, and increasing defense budgets. A rise in government and private investments in space exploration is accelerating segment expansion.

From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.

Report Coverage

The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.

Market Drivers

Several key drivers are contributing to the growth of the hermetic packaging market:

Increased Demand for Aerospace and Defense Applications: The global rise in defense budgets, as well as the expansion of space exploration activities, is driving demand for hermetically sealed components.

Growth in Healthcare Devices: With the increasing use of electronics in medical devices such as pacemakers and neurostimulators, the need for reliable packaging solutions has surged.

Advancement in Automotive Electronics: The integration of advanced driver assistance systems (ADAS), autonomous driving technologies, and electric vehicle (EV) components is bolstering demand for hermetic packaging in the automotive sector.

Nevertheless, the growing preference for other substitutes is hindering the hermetic packaging market growth.

Regional Insights

Increase in the Production of Several Electronic Devices and Components Fueled Market Growth in Asia Pacific

Asia Pacific commands the global market with the increasing production of several electronic devices and components.

North America has the second-largest share of the market. The presence of many aerospace companies and the rapid expansion of the aeronautics industry are the key factors fostering market growth in the region.

Competitive Landscape

Key Players Focus on Increasing Their Customer Base Across Regions

The global market is highly competitive. Some players emphasize offering innovative packaging solutions to make a mark in the global market. These market participants are engaged in innovation and increasing their customer base across regions.

Get More Information: https://www.fortunebusinessinsights.com/hermetic-packaging-market-109188

Key Industry Development

September 2023: SCHOTT AG introduced lightweight microelectronic packages for aerospace. These packages are preferred as RF packages, microwave, and DC converter packages, specifically in aircraft and satellite applications.

List of Key Players Profiled in the Market Report:

TELEDYNE (U.S.)

SCHOTT (Germany)

Amkor Technology, Inc. (U.S.)

KYOCERA Corporation (Japan)

Materion Corporation (U.S.)

Egide (France)

SGA Technologies (U.K.)

Complete Hermetics (U.S.)

Willow Technologies Ltd. (U.K.)

Mackin Technologies (Japan)

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Global Wood Plastic Composite Market Size & Industry Analysis (2024-2032)

The global wood plastic composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

According to a research report by Fortune Business Insights™ the global wood plastic composites market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composites Market Size, Share & Industry Analysis and Regional Forecast, 2024-2032.” 

Lists of all the manufacturers of wood plastic composites present in the market

Trex Company, Inc. (U.S.)

Seven Trust (China)

Meghmani Group (India)

Beologic (Belgium)

UFP Industries, Inc. (U.S.)

Fiberon LLC (U.S.)

Axion International, Inc. (U.S.)

Josef Ehrler GmbH & Co KG (Germany)

Croda International Plc (UK)

CertainTeed (U.S.)

Others

Drivers & Restraints-

Increasing Usage of Sustainable Fibers to Boost Growth

Wood plastic composites are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable wood plastic composites. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, wood plastic composites require higher initial cost spending. It may obstruct growth.

Segment-

The WPC market can be segmented based on product type and application

a. By Product Type

Polyethylene (PE)-based WPC: This segment dominates the market due to its low cost and high durability. PE-based WPC is widely used in decking, siding, and fencing applications.

Polypropylene (PP)-based WPC: Known for its enhanced mechanical properties, PP-based WPC is mainly used in automotive and construction applications.

Polyvinyl Chloride (PVC)-based WPC: PVC-based WPC is favored for its high resistance to moisture and termites, making it ideal for exterior applications like cladding and windows.

Others (ABS, PLA, etc.): These are emerging materials in niche applications due to their unique properties, including recyclability and higher performance.

b. By Application

Building and Construction: This is the largest segment, accounting for over 70% of the total market share in 2023. WPC products are extensively used in decking, railings, windows, doors, and structural components.

Automotive: WPC is increasingly being adopted in the automotive sector for interior components like dashboards, trims, and door panels due to its lightweight, high strength, and ability to reduce vehicle weight.

Consumer Goods: This segment includes the use of WPC in the production of furniture, home décor items, and household accessories.

Others: Packaging and electronics are smaller but growing segments as companies explore the use of WPC materials for sustainable packaging and casings.

Challenges

Higher Initial Costs: WPC products are more expensive upfront than traditional wood materials, which may hinder their adoption in cost-sensitive markets.

Limited Awareness: In some regions, the knowledge about the benefits and applications of WPC remains limited, slowing down market penetration.

Opportunities

R&D and Innovation: Companies are investing in research and development to create advanced WPC products with enhanced performance properties, including better weather resistance, flexibility, and recyclability.

Recyclable and Bio-based WPC: The trend toward using bio-based polymers and fully recyclable materials is expected to open new opportunities for growth in the WPC market.

Regional Analysis-

Rapid Industrialization in China & India to Favor Growth in Asia Pacific

In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of wood plastic composites in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

Get More Information: https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821

Competitive Landscape-

Key Companies Follow Acquisition Strategy to Gain Competitive Edge  

The wood plastic composites market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house wood plastic composites. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments:

August 2018: Alvic Plastics Limited was acquired by BSW Group. This new deal would aid BSW in broadening its product portfolio and production capacity. It would also enable the company to bring in diversification to increase its range of products.

November 2015: Vannplastic Limited, a prominent manufacturer of wood plastic composite was acquired by the Boral Epwin Group for an initial consideration of approximately USD 5.67 million. It would aid Boral in widening its line of low maintenance building materials.

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Ammonium Sulfate Market Outlook: Size, Trends, and Forecast 2024-2032

The global ammonium sulfate market size was valued at USD 8.20 billion in 2023 and is projected to grow from USD 8.58 billion in 2024 to USD 13.00 billion by 2032 at a CAGR of 5.3% during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled, “Ammonium Sulfate Market Size, Share & Industry Analysis, By Form (Solid, Liquid), By Application (Fertilizer, cattle feed supplement, Others (pharmaceuticals, food processing, textile, etc.)) Others and Regional Forecast, 2024-2032.”

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Market Share and Segments

The ammonium sulfate market is segmented based on product type, application, and geography.

By Product Type

Solid Ammonium Sulfate: This segment dominates the market, as it is the most common form used in fertilizers. Solid ammonium sulfate accounts for over 70% of the total market share due to its easy handling and storage.

Liquid Ammonium Sulfate: Although less prevalent, liquid ammonium sulfate is used in certain agricultural and industrial applications, accounting for about 30% of the market.

By Application

Agriculture: The agriculture sector holds the largest share in the ammonium sulfate market, contributing to over 60% of total demand. It is primarily used as a nitrogen-based fertilizer to improve crop yields.

Industrial Applications: Ammonium sulfate is used in various industrial processes, such as water treatment and in the production of flame retardants. This segment represents around 20-25% of the market.

Food Additives: Ammonium sulfate is also used as a food additive, particularly as a dough conditioner and acidity regulator in baked goods. The food additive application accounts for around 10-15% of market demand.

Pharmaceuticals: A smaller, yet growing segment, ammonium sulfate is used in the pharmaceutical industry for protein purification and crystallization processes, accounting for a minor share of the market.

DRIVING FACTORS

Increasing Mining Activities to Favor Growth

The growing mining activities to extract rare earth minerals is likely to drive the demand for advanced ammonium sulfate for the leaching process. According to the report by Minerals Make Life Organization, it is estimated that the U.S. mines produced raw materials worth USD 82.2 billion in 2018. In addition to this, the growing food and beverage sector propels the demand for the product as an emulsifier and thickening agent. These factors are expected to contribute to the global aluminum sulfate market growth in the forthcoming years.

REGIONAL INSIGHTS

Supportive Environmental Regulations in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global ammonium sulfate market during the forecast period. This is attributable to the supportive government initiatives regarding desulfurization plants that propel the production of advanced ammonium sulfate in the region.

The market in the Middle East and Africa is expected to showcase substantial growth backed by increasing focus on agricultural activities between 2019 and 2026.

COMPETITIVE LANDSCAPE

Product Launches by Major Companies to Consolidate Their Market Positions

The global market for ammonium sulfate comprises small, medium, and large companies striving to maintain their presence by focusing on introducing advanced ammonium sulfate products. Moreover, other key players are adopting organic and inorganic strategies to gain a major chunk of the market share and maintain their stronghold in the forthcoming years. 

Get More Information: https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306

Industry Development:

August 2019– PhosAgro Group of Companies announced the expansion of its capacity at Cherepovets, Russia to manufacture 300 kilotons of ammonium sulfate annually. The expansion is expected to strengthen its position in the global marketplace.

List of the Companies Operating in the Global Market for Ammonium Sulfate:

BASF SE

Evonik Industries

LANXESS AG

Sumitomo Chemical Co., Ltd.

Domo Chemicals

Braskem S.A.

China Petrochemical Development Corporation

UBE INDUSTRIES, LTD.

Viachem

The Mosaic Company

Others

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Paraffin Wax Emulsion Market Share and Competitive Landscape Overview

The global paraffin wax emulsion market size was valued at USD 527.6 million in 2021. The market is projected to grow from USD 550.7 million in 2022 to USD 860.3 million by 2030, exhibiting a CAGR of 5.7% during the forecast period.

This information is provided by Fortune Business Insights, in its report, titled, “Paraffin Wax Emulsion Market, 2024-2032.”

Segments:

By Application:

Coatings: Used in surface protection, paints, and coatings, providing water repellency and gloss enhancement.

Adhesives & Sealants: Improves tack and bonding in adhesive formulations.

Paper & Packaging: Provides moisture resistance and enhances durability in paper products and packaging materials.

Textiles: Enhances fabric softness and adds water repellency.

Polishes & Cleaners: Used in floor, furniture, and car polishes for shine and protection.

Cosmetics & Personal Care: In skincare products like lotions, creams, and other formulations for moisturization.

Other: Includes applications in construction materials, agriculture, and industrial processing.

By End-Use Industry:

Paints & Coatings Industry: Major end-user, with significant use of paraffin wax emulsions in industrial and decorative coatings.

Paper & Packaging Industry: For waterproofing and improving the aesthetic appeal of paper products and packaging materials.

Textile Industry: As a textile finishing agent, paraffin wax emulsion adds softness and water resistance to fabrics.

Adhesives & Sealants Industry: Used in industrial and commercial adhesives.

Cosmetics & Personal Care Industry: Growing demand for paraffin wax emulsions in skincare products.

Food Industry: Used in certain food coatings and packaging applications to ensure food preservation.

Report Coverage:

The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.

Drivers and Restraints:

Growing Demand for Paraffin Wax from Paints & Coatings and Wood Working to Amplify Growth

Paraffin wax emulsion is substantially consumed in paints & coatings and woodworking applications. The growing demand for paints & coatings from various industries, comprising automotive, building, industrial manufacturing, and electrical & electronics is accountable for product implementation. Additionally, the growth is also credited to the capability of wax paraffin emulsion to guard substances or materials from rusting and wear & tear.

List of Key Players Mentioned in the Report:

PMC Crystal (U.S.)

Sasol (South Africa)

Altana AG (Germany)

Lubrizol Corporation (U.S.)

Nippon Seiro Co., Ltd (Japan)

Michelman, Inc. (U.S.)

TIANSHI WAX (China)

BASF SE (Germany)

Repsol (Spain)

Regional Insights:

Asia Pacific to Lead Backed by Increasing Urbanization Activities

Asia Pacific held the largest paraffin wax emulsion market share and was valued at USD 188.8 million in 2021. The abrupt population growth and rising urbanization activities are backing for the advancement of numerous industries, such as leather manufacturing, agriculture, paints & coatings, and construction, which are bolstering the product utilization in Asia Pacific.

The manufacturing industries in Europe involving automobiles, chemicals, electrical engineering and electronics, machinery & equipment building, and food processing activities are flourishing, thereby enhancing infrastructures and augmenting product demand.

North America held a notable share of the paraffin wax emulsion market. Paper production and agriculture are the dominating sectors that carried out an indispensable part in the market’s growth and enhancement.

Get More Information: https://www.fortunebusinessinsights.com/paraffin-wax-emulsion-market-106795

Competitive Landscape:

Key Players Sign Significant Contracts to Make Remarkable Changes in the Market

The players operating in the market often employ numerous tactics that will aid the paraffin wax emulsion market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their company.

Key Industry Development:

May 2021: Michelman declared a novel contract with Omya, a manufacturer of calcium carbonate and a universal supplier of specialty chemicals for its portfolio. The bond mentions that Omya will be the sole provider for Michelman’s wax emulsion and surface modifiers product series to Canada’s paints and coating markets.

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Comprehensive Insulation Market Size, Share & Trends Forecast for 2024-2032

The global insulation market size was valued at USD 55.16 billion in 2018 and is projected to reach USD 79.06 billion by 2026, exhibiting a CAGR of 4.6% during the forecast period. North America dominated the insulation market with a market share of 23.21% in 2018. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. 

Market Drivers

Energy Efficiency Regulations: Increasingly stringent building codes and energy efficiency standards in developed regions are driving demand for better insulation materials.

Urbanization and Infrastructure Development: Rapid urbanization in emerging markets, especially in Asia-Pacific, is creating huge demand for new residential and commercial buildings, boosting insulation needs.

Sustainability Trends: Growing awareness of environmental concerns and the push toward reducing carbon footprints have led to a rise in demand for eco-friendly insulation materials like cellulose and aerogels.

Market Share by Segments:

1. By Product Type

Fiberglass Insulation: Fiberglass holds a significant market share due to its cost-effectiveness, ease of installation, and thermal performance. It is widely used in both residential and commercial buildings.

Mineral Wool (Rock & Slag Wool): Known for its fire resistance and soundproofing properties, mineral wool is growing in demand, especially in the industrial sector. It holds a notable portion of the insulation market.

Plastic Foams (Expanded & Extruded Polystyrene, Polyurethane): These are widely used in industrial applications and roofing due to their superior thermal resistance and moisture control.

Others: Includes materials like aerogels, cellulose, and cotton. While still niche, they are gaining traction due to the rise in eco-friendly building materials.

2. By Application

Building & Construction: This segment dominates the insulation market, accounting for more than 50% of the total market share. The increasing need for energy-efficient residential, commercial, and industrial buildings is the main driver here. Government policies promoting sustainable construction also play a vital role.

Industrial: Industries such as oil & gas, automotive, and power generation have significant insulation requirements for machinery, piping, and equipment. The industrial segment accounts for a substantial portion of the market and is expected to grow steadily.

HVAC & Refrigeration: Insulation for HVAC systems and refrigeration units is becoming increasingly important to reduce energy consumption. This segment is gaining prominence, especially in commercial buildings and industrial plants.

REGIONAL INSIGHTS

Increasing Adoption of Sustainable Infrastructures in Asia-Pacific to Aid Growth

Among all regions, the market in Asia Pacific is expected to remain at the forefront and hold the largest global insulation market share during the forecast period.  This is ascribable to increasing government support for adopting sustainable infrastructures that involves developing energy-saving solutions such as efficient insulation and solar harnessing devices in the region. Several manufacturers adopting one or more insulating materials in development of commercial and residential spaces in countries such as India and China will contribute for the market growth in the region.

Europe, on the other hand, is anticipated to witness significant growth in the market during the projected horizon. This is attributable to increasing focus on developing zero-emission green buildings owing to stringent government policies between 2019 and 2026.

Get More Information: https://www.fortunebusinessinsights.com/insulation-market-102423

COMPETITIVE LANDSCAPE

DuPont Collaborating with Shandong Sunris to Have Significant Global Impact

In May 2020, DuPont announced that it has selected Shandong-based, Shandong Sunris New Materials Co., Ltd as its technology license partner for its sustainable and innovative technology, BLUEDGE Polymeric Flame-Retardant. According to the company, the BLUEDGE technology provides a sustainable flame retardant that aids in conservation of environment, while providing optimum level of insulation and fire safety benefits. Adoption of strategies such as merger and acquisition, collaboration, and partnership by the companies is likely to bode well for the growth of the global insulation market during the forecast period.

List of the Companies Operating in the Market:

Atlas Roofing Company

Cellofoam North America Inc.

DuPont

Knauf Insulation

Owens Corning

Armacell S.A.

Beijing New Building Material (Group) Co., Ltd.

Evonik

PT. Bondor Indonesia

BYUCKSAN

Huamei Energy-saving Technology Group Co., Ltd.

Johns Manville

Kaneka Corporation

KCC Corporation

Kingspan Insulation LLC

Lloyd

Luyang Energy-saving Materials Co., Ltd.