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Polyurethane Catalyst Market worth $3.1 billion by 2028

The report "Polyurethane Catalyst Market by Type, Functionality (Blowing Catalyst, Curing Catalyst, Foam Stabilizing Catalyst, Cross Linking Catalyst, Gelling Catalyst), Application (Foam, Sealant & Adhesive, Coating, Elastomer), Region - Global Forecast to 2028 ", is projected to reach USD 3.1 billion by 2028, at a CAGR of 6.0% from USD 2.3 billion in 2023. The Polyurethane Catalyst market is mainly driven by the demand from various end use industries such as construction, automotives and electronic appliances, others.  It is also driven by developing and emerging economies such as US and China.

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 “Amine Catalyst by material type is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

Amine Catalysts are highly effective at promoting the reaction between polyols and isocyanates, facilitating the formation of urethane linkages that are essential for polyurethane materials. Their catalytic activity ensures efficient and reliable polymerization, leading to consistent and high-quality end products. Amines can act as organocatalysts (small organic molecules that function as catalysts) in asymmetric reactions. The chiral amine catalyst interacts with a substrate in a way that encourages the formation of one enantiomer (mirror-image isomer) over the other. This selectivity is critical in pharmaceuticals, where one enantiomer might have the desired therapeutic effect while the other could be inactive or even harmful.

“Gelling Catalyst” is the largest market share in terms of value, during the forecast period.

Gelling Catalysts are essential for initiating the foaming process in materials like polyurethane. They trigger the reaction that generates gas, leading to the expansion of the material and the formation of a cellular structure. This structure gives rise to foam's unique properties such as lightweightness, insulation, cushioning, and sound absorption.

“Foam” by application segment accounted for the largest share in terms of value.

The furniture and bedding sector also contributes substantially, as flexible polyurethane foam create comfortable mattresses and seating. In packaging, the need for protective solutions amplifies the demand for foam-based materials. This pervasive usage is further enhanced by customization capabilities and innovations, making polyurethane foam an attractive choice for manufacturers looking to meet specific requirements.

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“Asia pacific is expected to be the fastest growing market for Polyurethane Catalyst market during the forecast period, in terms of value.”

Polyurethane Catalyst Market in Asia pacific is anticipated to register a CAGR of 6.2% between 2023 and 2028. Polyurethane Catalyst Market in Asia pacific comprises the China, Japan, India, South Korea. It was the largest market of Polyurethane Catalyst in 2022. Asia pacific has a well-established and diverse industrial base, spanning sectors such as automotive, construction, furniture, and more. These industries frequently use polyurethane materials in various applications. As the region continues to develop and modernize its infrastructure, the demand for polyurethane products, and consequently polyurethane Catalysts, can rise. 

The key players in this market BASF SE Germany), Evonik Industries AG (Germany), Huntsman International LLC (US), Momentive (Niskayuna), Tokyo Chemical Industry Co., Ltd. (Japan), DOW (US), Tosoh Corporation (Japan), Carpenter Co. (US), Mofan Polyurethane CO., LTD. (China), UMICORE (Brussels).

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Eco-Friendly Plasticizers Market worth $7.55 billion by 2030

The report "Eco-Friendly Plasticizers Market by Product (Bio-based, Non-phthalate), Application (Packaging, Consumer Goods, Automotive & Transportation, Building & Construction, Textile, Agriculture & Horticulture), and Region - Global Forecast to 2030", is projected to reach USD 7.55 billion by 2030 from USD 5.03 billion in 2024, at a CAGR of 7.0% during the forecast period. Eco-friendly plasticizers are increasing in popularity due to low toxicity and environmental safety and, therefore can be substituted for the traditional plasticizers. These eco-friendly plasticizers have been used to give improvements in the flexibility and resistance qualities of various plastic products without derogating ecological integrity, and they have therefore emerged as an important component in markets such as packaging, automotive, and consumer goods. Growing environmental concerns related to these materials are further adding momentum to the growing adoption of eco-friendly plasticizers in multi-industries. Government interventions and consumer awareness on the environmental aspects of conventional plasticizers will also drive demand growth for the market in the coming times. As companies or industries convert to greener practices, it's going to be expansionary for the eco-friendly plasticizer market with regard to satisfying a more sustainable future.

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“Packaging sector is projected to be the fastest-growing application in the eco-friendly plasticizers market”

The packaging sector is expected to be the highest growth application for green plasticizers. This will be due to the growing demand for eco-friendly materials in food and consumer goods packaging. Increased global awareness of environmental factors is driving manufacturers to seek alternatives to traditional plasticizers as these are mostly derived from petrochemicals. Eco-friendly plasticizers, including bio-based ones, present important advantages, such as lower toxicity and better biodegradability, which go in line with consumer preferences for green products. More generally, with severe regulations imposed on plastic waste and recyclability, the market is likely to take a significant leap to sustainable packaging solutions. The growth in the uptake of eco-friendly plasticizers in the plastic industry is therefore likely to reflect this trend more generally within the economy.

“Non-phthalate plasticizers have the second highest market share in the eco-friendly plasticizer market”

As growing consumer awareness and legislations regarding health and environmental safety push forward. More critical to the trend is the swell in demand for safer alternatives to conventional phthalate-based plasticizers, many of which have been named in various health risks, among which are endocrine disruption issues. Non-phthalate plasticizers finds wider application in food packings, medical device, and consumer goods due to its enhanced safety profile and biodegradability. Moreover, increased usage of bio-based plasticizers derived from renewable sources like vegetable oils is expected as a complementary trend, providing another friendly environment option for manufacturers. Growing trends of focusing on sustainability and great robust compliance to very stringent regulatory requirements, this is a factor that will shoot up the demand for non-phthalate plasticizers in the industry thereby driving innovation and market expansion.

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Europe to be the third largest market during the forecast period.

The European region has particularly recorded a steady growth in the demand for eco-friendly plasticizers as a result of new environmental policies, increasing consumer conscientiousness and general global concern on sustainability issues. These European Regulations such as REACH and bans on usage of phthalate based plasticizers in each of the applications have made it easier to shift towards non-toxic and biodegradable alternatives. Such plasticizers, based on renewable resources such as vegetable oils and citrates, can be absolutely complied with Europe’s high-level climate objectives and the green economy program.These markets include packaging and building and construction markets in particular. Cable, flooring and wall covering flexible PVC products contain bio based plasticizers owing to its standards of substituting non-degradable and hazardous substances. Furthermore, increasing consciousness of the possible negative effects that conventional phthalates including their effect on hormone receptors has seen organizations in medical appliances, food packaging, and toys shift to the eco-friendly ones.

Key players

The Eco-friendly Plasticizers Market report comprises key manufacturers such as BASF  (Germany), Eastman Chemical Company  (US), Evonik Industries AG (Germany), Lanxess  (Germany), Dow Chemical Company (US), DIC Corporation (Japan), Cargill, Incorporated. (US), Arkema Group  (France), LG Chem (South Korea), Valtris Specialty Chemicals  (US) among others.

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Self-Adhesive Tear Tapes Market worth $512.5 million by 2029

The report  Self – Adhesive Tear Tapes Market By Width (up to 2.5 mm, 2.5 to 5.0 mm, and above 5.0 mm) By Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate), End-use Industry (Food, Tobacco, Pharmaceutical, Personal Care & Cosmetics, Electrical & Electronics), and Region – Global Forecast to 2030", The self – adhesive tear tapes market exhibits moderate growth potential and is projected to reach a market size of USD 290 million by 2030 from USD 230 million in 2024, at a CAGR of 4.7%. Asia Pacific is regarded as one of the largest markets for self-adhesive tear tapes globally, as the industrial growth of this region leads to significant consumption or demand for packaging solutions across industries, including consumer goods, food, and pharmaceuticals. Focusing increasingly on product security, convenience, and tamper-evidence will also fuel the drive towards the use of such tapes. Besides, the growing e-Commerce Sector and Manufacturing capabilities in the region significantly contributes towards the Market Growth.

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Polypropylene, by type segment is expected to hold largest share of the self – adhesive tear tapes market during the forecasted period.

Polypropylene is anticipated to be the largest material in the self-adhesive tear tapes market owing to its cost-effectiveness, versatility, and abundance. It shows good balance between strength, flexibility, and durability which makes it possible to be considered for many applications, particularly in consumer goods and food packaging industries. The property to manufacture thin films easily would allow the manufacturers to produce tear tapes at an economical price without compromising performance. Also, lightweight and eco-friendly packaging solutions are adding to more adoption of these tear tapes being produced with polypropylene.

Food, by end-use industry segment hold the largest share in overall self – adhesive tear tapes market during forecast period.

The vast majority of the self-adhesive tear tape industry is taken up by food end-use applications as it comes to meet the growing demand for easy-to-seal, secure and tamper-evident package systems. With increasing focus on product safety and integrity in particular for perishable items, self-adhesive tear tapes serve as a very efficient means to keep packaging sealed up to the consumer. Besides cost-effectiveness and versatility due to their use for snack bags, beverages, and food pouches, tear tapes are also useful for the food industry. There is an increased tendency of online food delivery and e-commerce which in turn will further increase the market under consideration regarding security and easy accessibility Packaging.

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Asia Pacific region likely to account the largest share of the global self – adhesive tear tapes market during forecasted period.

The expanding manufacturing and packaging industries in Asia Pacific would account for the largest share of the global self-adhesive tear tapes market in the coming years due to food, pharmaceutical, and consumer-packaged goods sectors taking increasing advantage of self-adhesive tear tapes for convenience, security, and tamper evidence. With countries such as China and India also seeing an increased demand for reliable and efficient packaging systems due to their highly growing e-commerce market, cost-effective production via large consumer bases and increasing urbanization will go a long way in further driving this demand.

Key Market Players-

Tesa SE (Germany), DS Smith (UK), H.B. Fuller(US), 3M(US), are the key players in the global Self-Adhesive Tear Tapes Market.

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Data Center Liquid Cooling Market worth $21.3 billion by 2030

The report "Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Type of Cooling, Enterprise, and Region - Global Forecast to 2030", is projected to grow from USD 4.9 billion in 2024 to USD 21.3 billion by 2030, at a CAGR of 27.6% during the forecast period. The data center liquid cooling market has been increasing as a result of greater data center densities, as well as the need for energy efficiency and cost savings, improvements in cooling technology, and strict regulatory standards. Furthermore, a need for high-performance computer systems and state subsidies for energy-saving technologies also facilitate the adoption process.

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By component, the services segment is estimated to be the fastest-growing data center liquid cooling segment from 2024 to 2030.

From 2024 to 2030, it is anticipated that the services part of the data center liquid cooling market will be the quickest expanding sector. Service providers for data center liquid cooling offer system integration services that incorporate liquid cooling technology into the IT infrastructure of the data center. By helping data center operators to install and maintain effective liquid cooling solutions, service segments guarantee the dependability, efficacy, and efficiency of the cooling structure within the data center setting.

By data center type, the small and mid-sized data center segment is estimated to be the fastest-growing segment of the data center liquid cooling market from 2024 to 2030.

By size segment of the data center liquid cooling market, small and mid-sized data center is projected to be the fastest-growing segment from 2024 to 2030. Small and midsize data centers deploy more complex IT hardware such as high-performance servers, storage systems, and networking devices; they also increase power density. Larger heat loads produced by these systems may make it hard for conventional air-cooling techniques to cope up with. An efficient way of managing increasing needs for heat dissipation may be done using liquid cooling that ensures high performance and reliability of equipment.

By end user, the hyperscale data center segment is estimated to be the fastest-growing segment of the data center liquid cooling market from 2024 to 2030.

By end-user segment, leading user influenced data center liquid cooling systems market specifically hyperscale data centers are expected to be the fastest growing segment from 2024 up to 2030. A lot of servers and IT devices occupy a relatively small space in a hyperscale data center. It falls within this compact architecture that great amounts of heat are generated and need to be dissipated properly. Compared with traditional air-cooling methods, liquid cooling offers better heat dissipation capabilities. Liquid cooling systems work more effectively by coming into direct contact with heated elements thereby absorbing their energy in order to maintain optimal operational temperatures as well as preventing thermal bottlenecks.

By enterprise, the BFSI segment is estimated to be the fastest-growing data center liquid cooling segment from 2024 to 2030.

The BFSI segment of the data center liquid cooling market is anticipated to see the highest growth from 2024 to 2030. BFSI sector employs intricate financial algorithms and data-driven applications that require great processing capabilities. Therefore, highly scalable servers, storage devices, as well as networking gear are employed generating immense heat. Liquid cooling is gaining ground in order for these operations that consume a lot of computing power to effectively manage their heat removal needs and ensure maximum performance while avoiding temperature-related issues.

By type of cooling, the immersion liquid cooling segment is estimated to be the fastest-growing data center liquid cooling segment from 2024 to 2030.

Immersion Liquid Cooling is expected to be the fastest-growing segment in the data center liquid cooling market according to the types of cooling. Immersion liquid cooling is comparatively more energy efficient than air cooling methods. A dielectric liquid can be used to instantly submerge IT equipment thus expediting heat transfer away from them and evading air conditioning systems and fans which consume a lot of energy. Consequently, this results in greater savings on electricity costs for the data center, less power usage as well as lower operating expenditures.

Asia Pacific is estimated to be the fastest-growing region in the data center liquid cooling market during the forecast period.

The data center liquid cooling market is expected to grow fastest in Asia Pacific during the forecast period. In the region, there is an increasing trend of data center investments as a result of several factors including rapid uptake of cloud computing, increasing amount of data-sensitive businesses and speedy digital transformation. The raising importance laced with data centers has made effective cooling techniques such as liquid cooling technologies become necessary. The data center liquid cooling market in Asia Pacific will experience growth driven by efficient cooling solutions aimed at improving Power Usage Effectiveness (PUE).

Rittal GmbH & Co. KG (Germany), Vertiv Group Corp. (US), Green Revolution Cooling Inc. (GRC) (US), Submer (Spain), Schneider Electric (France), Liquid Stack Holding B.V(US), Iceotope Precision Liquid Cooling (UK), COOLIT SYSTEMS (Canada), DUG Technology (Australia), DCX Liquid Cooling Systems (Poland), Delta Power Solutions (Taiwan), Wiwynn (Taiwan), LiquidCool Solutions, Inc. (US), Midas Immersion Cooling (US), BOYD (US), Kaori Heat Treatment Co,. Ltd (Taiwan), Chilldyne, Inc. (US), Asperitas (Netherlands), and STULZ GMBH (Germany) are the key players in data center liquid cooling market.

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Protective Packaging Market worth $44.5 billion by 2028

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard, Plastics), Type (Flexible Protective Packaging, Rigid Protective Packaging, Foam Protective Packaging), Function, Application, and Region - Global Forecast to 2028", is projected to grow from USD  33.3 billion in 2023 to USD  44.5 billion by 2028 at a CAGR of 5.9%.

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Protective packaging is utilized across various industries to safeguard products during transportation, storage, and handling, preventing damage, breakage, or contamination. It encompasses a wide range of materials and solutions, including foam plastics, flexible packaging, corrugated boxes, and cushioning materials, tailored to meet the specific needs of different products and industries. As the global economy continues to expand and e-commerce gains prominence, the demand for protective packaging is on the rise. Market growth is fueled by factors such as increasing consumer reliance on online shopping, stringent regulations regarding product safety, and the growing awareness of sustainability and environmental concerns.

By Material, paper & paperboard is expected to be fastest growing segment during the forecast period

Advancements in paper manufacturing technology have improved the strength, durability, and versatility of paper-based protective packaging products. Modern paper and paperboard materials are engineered to provide robust protection for a wide range of products, including fragile items, electronics, and perishable goods. Innovations such as corrugated cardboard with enhanced crush resistance, paper-based cushioning materials with superior shock absorption properties, and water-resistant coatings have expanded the applicability of paper-based protective packaging across various industries, driving its rapid growth in the market.

By Type, flexible protective packaging is expected to be fastest-growing segment during the forecast period

Advancements in material science and manufacturing technologies have enhanced the performance and sustainability of flexible packaging solutions. Innovations such as high-barrier films, recyclable laminates, and compostable materials have addressed concerns regarding product safety, shelf life, and environmental impact. With increasing emphasis on sustainability and circular economy principles, flexible packaging offers a compelling solution, providing manufacturers and consumers alike with environmentally friendly alternatives to traditional packaging materials. As consumer preferences continue to evolve, driven by sustainability concerns and convenience-driven lifestyles, the demand for flexible protective packaging is expected to sustain its rapid growth trajectory, further solidifying its position as a dominant force in the protective packaging market.

The cushioning is expected to experience significant growth during the forecast period.

Advancements in technology have led to the development of more efficient and versatile cushioning solutions that offer superior protection while optimizing packaging efficiency. From air pillows and paper-based void fillers to molded pulp and biodegradable foam alternatives, there is a wide range of cushioning options available to suit various packaging needs. These innovative cushioning materials are designed to provide customizable protection tailored to the specific requirements of different products, ensuring optimal performance and cost-effectiveness. As companies strive to enhance their packaging strategies to meet evolving consumer demands and industry standards, the demand for effective cushioning solutions is expected to continue driving growth in the protective packaging market, making it a key focus area for innovation and investment in the years to come.

By Application, Consumer electronics is expected to experience significant growth during the forecast period.

The rise of e-commerce has transformed the way consumers purchase electronics, with online retailers accounting for a significant portion of electronic sales worldwide. The convenience of online shopping has driven a surge in demand for protective packaging solutions that can withstand the rigors of shipping and delivery. With consumers expecting fast and reliable delivery of their electronics purchases, retailers and manufacturers must invest in protective packaging that provides adequate cushioning, shock absorption, and moisture resistance to protect valuable electronic goods throughout the supply chain. As e-commerce continues to grow, the demand for protective packaging tailored to the unique requirements of electronic devices is expected to skyrocket, driving further growth in this segment of the market.

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Asia Pacific is the largest market during the forecast period.

The increasing focus on sustainability and environmental responsibility has prompted companies in Asia Pacific to seek out eco-friendly packaging alternatives. As a result, there has been a growing demand for protective packaging materials that are recyclable, biodegradable, and environmentally friendly. Governments and regulatory bodies across the region are also implementing initiatives to promote sustainable packaging practices, further driving the adoption of eco-friendly protective packaging solutions. With these factors combined, the Asia Pacific region is poised to maintain its position as the fastest-growing market for protective packaging, presenting significant opportunities for manufacturers and suppliers to capitalize on the region's dynamic growth trajectory.

Key Players

The leading players in the protective packaging market are Smurfit Kappa Group (Ireland), Sealed Air (US), Sonoco Products Company (US), Crown Holdings Inc. (US), DS Smith plc (UK), PREGIS LLC (US), Intertape Polymer Group Inc. (US), Pro-Pac Packaging Ltd. (Australia), Storopack Hans Reichenecker GmbH (Germany), Ranpak Holdings Corp. (US).

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Textile Coatings Market worth $5.4 billion by 2028

The Report "Textile Coatings Market by Type (Thermoplastic, Thermoset), End-use Industry (Transportation, Building & Construction, Protective Clothing, Industrial, Medical), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028", size was USD 4.4 billion in 2023 to USD 5.4 billion by 2028, at a CAGR of 4.6% from 2023 to 2028.

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Textile coatings are employed to augment the value of textile materials, extending their operational lifespan, preserving aesthetic appeal, and providing enhanced performance and protective features. As industry demand grows, textile coating undergoes continuous innovation to meet evolving requirements and stay at the forefront of market expectations. Textile coatings are chemicals that provide additional properties such as fire resistance, waterproofing, anti-scratch, anti-abrasion, soil & stain repellence, heat stability, and breathability. Textile coatings are used in various industries such as transportation, building & construction, protective clothing, industrial, medical, and other end-use industries.

“Transportation segment is estimated to be the largest type in textile coatings market in 2022, in terms of value.”

The textile coatings market is projected to be experiencing significant growth in the forecasted period. The transportation segment is estimated to be the fastest-growing segment in the textile coatings market due to the rise in demand for lightweight solutions from the imperative to address environmental concerns. As sustainability becomes a key component of both consumer preferences and business goals, the transportation segment is anticipated to maintain its growth trajectory. The significance of textile coatings in the transportation market is anticipated to endure and increase as the lightweight solutions in transportation contribute to advancements in electric and hybrid vehicles.

“Thermoset segment is estimated to be the fastest-growing end-use industry for textile coatings market during the forecast period 2023 to 2028.”

The thermoset segment is estimated to be the largest application in textile coatings market in the forecasted year due to several factors. The dominance of the thermoset segment in the textile coatings market is driven by a broad spectrum of properties of these thermoset coatings that can be customized to meet specific requirements across different industries. Furthermore, the adaptability and flexibility of these coatings are vital factors propelling the growth of the textile coatings market.

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“Asia Pacific was the largest region for the textile coatings market in 2022, in terms of value.”

The Asia Pacific region's prominence as the largest market for textile coatings can be attributed to a convergence of economic, industrial, and cultural factors. The market dominance of Asia Pacific in the textile coatings market can be attributed to the economic process, industrialization, and diverse consumer landscape. The robust economic growth in countries such as China and India has led to a substantial expansion of manufacturing activities, propelling the demand for textile coatings across various sectors. This combination of economic growth, industrial competence, and consumer preferences has firmly established Asia Pacific as the largest market for textile coatings.

Key Players

The key market players identified in the report are Covestro AG (Germany), Solvay SA (Belgium), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), The Lubrizol Corporation (US), Clariant AG (Switzerland), TANATEX Chemicals B.V. (Netherlands), Huntsman International LLC (US), OMNOVA North America Inc.(US), Formulated Polymer Products Ltd. (UK), Arkema SA (France).

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Industrial Absorbents Market worth $5.2 billion by 2028

The report "Industrial Absorbents Market by Material type (natural organic & inorganic, synthetic), Product (pads, booms & socks), Type (universal, oil-only, HAZMAT), End-use industry (oil & gas, chemical, food processing), and Region - Global forecast to 2028", size is projected to grow from USD 4.3 billion in 2023 and reach USD 5.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. The exponential growth of the industrial absorbents market is intricately linked to the amplified concern for our ecological well-being. Heightened environmental consciousness has spurred a global call for action, with industries increasingly recognizing the critical role they play in preserving ecosystems. As regulatory bodies tighten the reins on spill management, demanding stringent adherence to laws addressing oil and chemical spills' deleterious effects, industries are compelled to seek effective solutions.

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Furthermore, the pivotal role of industrial absorbents lies in their ability to align with these regulations, providing efficient spill containment and cleanup measures. Moreover, as corporations embrace sustainability as a core value, the use of absorbents becomes not just a compliance necessity but a strategic move towards responsible business practices. By safeguarding ecosystems, complying with regulations, and showcasing a commitment to environmental responsibility, the surge in demand for industrial absorbents is propelled by a collective drive to protect the planet while maintaining operational integrity.

The synthetic segment to lead the industrial absorbents market during 2023-2028.

The synthetic segment holds the top position in the industrial absorbents market due to its substantial demand across key industries like oil & gas, chemicals, food processing, and healthcare. Synthetic absorbents offer a range of advantages, including versatility in handling various types of spills, cost-effectiveness, and high absorbency rates. Their ability to efficiently manage oil, chemical, and hazardous material spills makes them preferred choices across diverse industries. Additionally, advancements in manufacturing technology have led to the development of synthetic absorbents with enhanced properties such as higher absorbency capacities and eco-friendly formulations. These factors collectively position the synthetic segment at the forefront of the industrial absorbents market, driving its growth and widespread adoption in spill management applications.

The pads segment will lead the industrial absorbents market during the forecast period.

Based on products, the pads segment is expected to be the largest segment of the industrial absorbents industry due to its practicality, convenience, and versatility. Pads offer a quick and efficient solution for spill containment and cleanup across various industries. They are easily deployable, making them ideal for both planned and emergency spill response scenarios. Moreover, pads come in different sizes and absorbency capacities, catering to a wide range of spill types and volumes. Their ease of use, effectiveness in absorbing liquids like oil, chemicals, and water, and compatibility with different surfaces contribute to their widespread adoption. As industries prioritize efficient and reliable spill management solutions, the pads segment stands out for its effectiveness, driving its leading position in the industrial absorbents market.

Oil-only is expected to register the highest growth during the forecast period.

During the forecast period, oil-only is expected to register the highest growth in the industrial absorbents foam market. Industries dealing primarily with oil-based products, such as petroleum, automotive, and manufacturing sectors, require specialized absorbents tailored specifically for oil spills. These oil-only absorbents are designed to selectively absorb oil while repelling water, making them highly effective in situations where oil spills pose a significant risk. Additionally, the increased focus on environmental protection has amplified the demand for dedicated oil-absorbing solutions, as they aid in preventing oil contamination in water bodies and ecosystems. The versatility and effectiveness of oil-only absorbents in managing oil-based spills are expected to drive their heightened adoption and subsequent growth in the industrial absorbents market during the forecast period.

The oil & gas segment is estimated to account for the largest share during the forecast period.

The oil & gas sector stands as the leading end-use industry segment in the industrial absorbents market due to its significant demand for synthetic absorbents. Oil & gas operations, covering downstream, midstream, and upstream phases, necessitate spill control products to mitigate spill risks. Spills in this industry involve liquid hydrocarbons released into the environment. These spills stem from crude oil leakage in tankers, offshore platforms, drilling rigs, and wells, along with refined petroleum products or heavy fuels from ships. Industrial absorbents aid oil & gas companies in managing spill aftermath, facilitating liquid recovery and disposal.

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 North America will lead the global industrial absorbents market during the forecast period.

Stringent regulations set by environmental agencies like the EPA, specifically for spill control in oil & gas and chemical industries, have propelled the North American industrial absorbents market's expansion. Nonetheless, the market in North America is expected to experience a moderate growth rate in the forecast period due to reduced major oil spills and a stabilized demand for spill control products in the US. Additionally, there's a growing awareness of environmental concerns, prompting industries to adopt better spill management practices. The need for these absorbents is also influenced by their effectiveness in containing and managing spills, especially in sectors prone to oil and chemical spills.

Moreover, innovations and advancements in absorbent technology are contributing to the market's growth, enhancing the efficiency and effectiveness of these products. Overall, the combination of regulatory pressures, environmental awareness, and technological advancements is fueling the expansion of the industrial absorbents market in North America.

Some of the leading manufacturers of industrial absorbents profiled in this report are 3M Company (US), Brady Corporation (US), Decorus Europe Ltd. (UK), Johnson Matthey Plc (UK), Kimberly-Clark Professional (US), Meltblown Technologies Inc. (US), Monarch Green, Inc. (US), New Pig Corporation (US), and Oil-Dri Corporation of America (US).

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Dry Ramming Mass Market worth $3.2 billion by 2028

The report "Dry Ramming Mass Market by Type (Alumina Ramming Mass, Silica Ramming Mass, Magnesia Based Ramming Mass), Application (Foundries, Steel, Electric Arc Furnace, Blast Furnace, Non-Steel), Function, and Region - Global Forecast to 2028", is projected to reach USD 3.2 billion by 2028, at a CAGR of 6.8% from USD 2.3 billion in 2023.

The growth of the dry ramming mass market is primarily driven by global expansion of the steel industry, enhanced cost and operational efficiency coupled with ongoing technological advancements in dry ramming mass, further contributing to its expansion. Dry ramming mass is a refractory material used in the lining of induction furnaces, ladles, and other high-temperature applications. It is a mix of refractory aggregates and binders.

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“Steel by application is projected to be the largest, in terms of value, during the forecast period.”

In the steel industry, dry ramming mass plays a crucial role. It finds diverse applications in various steelmaking processes, including lining ladles for the transportation and pouring of molten steel, constructing covers for ladles to retain heat during transportation, lining tundishes for the temporary holding and distribution of molten metal during continuous casting, and providing refractory lining in reheat furnaces used to bring steel ingots or slabs to desired temperatures. Additionally, dry ramming mass is utilized in the lining of steel crucibles for smaller-scale alloy production, in pouring channels and troughs to guide molten steel from furnaces to molds, ensuring a controlled and smooth flow during casting processes. Furthermore, it contributes to the thermal stability and wear resistance of mixer furnaces employed in blending different grades of steel or alloys. The versatility of dry ramming mass makes it an integral component in enhancing the efficiency, durability, and quality of various steel manufacturing applications.

“Alumina ramming mass by type is projected to be the largest, in terms of value, during the forecast period.”

Alumina ramming mass stands out as a preferred choice in specific applications owing to its distinctive properties that confer several advantages over silica and magnesia-based ramming masses. Comprising primarily high-alumina aggregates, often exceeding 80% alumina content, it ensures excellent refractoriness and resistance to high temperatures. Notably, its commendable thermal shock resistance proves crucial in environments characterized by rapid temperature fluctuations, as commonly encountered in metal melting and casting processes. Well-suited for non-ferrous metal applications, particularly in the melting and holding of metals like aluminum and its alloys, alumina ramming mass boasts chemical inertness, preventing undesirable reactions with molten metals or slags and thereby ensuring the stability of the lining. The material's versatility extends to various non-ferrous metal melting processes, underlining its adaptability to diverse industrial applications. Further enhancing its utility, alumina ramming mass exhibits notable abrasion resistance, contributing to the longevity and durability of refractory linings within furnaces. The adaptability of alumina ramming mass to different furnace designs and operating conditions adds a layer of flexibility to its application, making it a versatile and reliable choice across a spectrum of industrial settings.

“Lining by function is projected to be the largest, in terms of value, during the forecast period.”

Refractory materials play a pivotal role in various industrial facets, primarily during the initial construction and installation of furnaces, kilns, and industrial equipment. The demand for extensive refractory linings in new facilities arises from the necessity to withstand elevated temperatures, corrosive environments, and mechanical stresses. Capitalizing on the long lifecycles of furnaces and industrial equipment, refractory linings endure for extended periods before necessitating significant repairs or replacements, fostering a continuous demand for lining materials. Industries prioritize preventive maintenance to proactively extend equipment lifespan, exemplified by regular inspections and repairs of refractory linings to avert costly downtime, ensuring efficient and safe operations. The critical role of refractory linings in preserving the integrity of industrial processes, and shielding against high temperatures, chemical reactions, and mechanical wear, maintains a consistent need for high-quality refractory materials in lining furnaces and various processing units. Their widespread applications across diverse industries such as steel, cement, glass, non-ferrous metals, and petrochemicals contribute to a substantial market for lining materials. Moreover, the construction of new facilities and the expansion of existing ones, propelled by global industrialization and development projects, propel the demand for refractory materials for lining applications. Continuous advancements in refractory technology, marked by the development of high-performance and specialized lining materials, further contribute to the sustained demand across various industries.

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“Asia Pacific is expected to be the fastest growing market for dry ramming mass during the forecast period, in terms of value.”

The Asia Pacific region has become a focal point for the increased demand in refractory materials, particularly dry ramming mass, owing to a confluence of factors. Rapid industrialization in countries such as China, India, Japan, Thailand, Vietnam, Malaysia and Indonesia has spurred growth in steel, non-ferrous metals, and foundry industries, amplifying the need for reliable refractory solutions. China, as the world's largest steel producer, stands out as a major consumer of refractories, significantly driving the demand for dry ramming mass. The region's extensive construction and infrastructure projects, coupled with the establishment of new industrial facilities, further contribute to the escalating demand for refractory materials. Diverse manufacturing activities encompassing automotive, electronics, and heavy machinery production in the region intensify the reliance on furnaces and high-temperature equipment, necessitating steadfast refractory linings. The rise in non-ferrous metal production, including aluminum, copper, and zinc, underscores the critical role of dry ramming mass in the construction and maintenance of furnaces for these expanding industries. The energy and petrochemical sectors in countries like China and India are on the ascent, demanding refractory materials for furnaces and reactors, fostering sustained growth. Government initiatives supporting industrial growth and infrastructure development, coupled with a competitive manufacturing landscape featuring numerous refractory material suppliers, contribute to the robust market for dry ramming mass. Moreover, technological advancements in manufacturing processes enhance the quality and performance of refractory materials, driving the adoption of advanced dry ramming mass products across diverse industrial applications in the region.

Key Players

The key players in this market are Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc. (US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V.  (Austria) etc.

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Reactive Hot Melt Adhesives Market projected to reach $2.6 billion by 2028

The report "Reactive Hot Melt Adhesives Market by Resin Type (Polyurethane, Polyolefin), Substrate (Plastic, Wood), Application (Automotive & Transportation, Doors & Windows, Furniture & Upholstery, Lamination, Textile), & Region - Global Forecast to 2028", is growing at a high rate due to the increased demand from various applications. The global reactive hot melt adhesives market size was USD 1.6 billion in 2022 and is projected to reach USD 2.6 billion by 2028, at a CAGR of 7.5% between 2023 and 2028. In the market for reactive hot melt adhesives, Asia Pacific is in the lead. Manufacturing and industrialization have surged as a result of the Asia Pacific region's several nations experiencing swift economic growth. This has consequently increased demand across a range of industries for sophisticated adhesive solutions like reactive hot melt adhesives.

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Reactive hot melt adhesives' increased performance, adaptability, and application efficiency are all a result of technological developments in the industry. Improvements in curing technology help to make curing procedures quicker and more effective. One example of this is the creation of adhesives that cure more quickly, allowing for speedier manufacturing cycles across a range of sectors. These days, certain reactive hot melt adhesives come with dual-cure systems that combine UV (ultraviolet) and hot melt curing technologies. This enables improved control over the curing process and offers versatility in bonding various materials.

Polyurethane segment is expected to hold  largest share of the reactive hot melt adhesives market during the forecasted period.

Polyurethane reactive (PUR) hot melt systems typically serve as one-component adhesives, rapidly bonding to various substrates. Once applied, PUR initiates cross-linking, achieving 50%-80% of its ultimate bond strength within 3-6 hours, with a complete reactive cure expected within 24-36 hours post-application, influenced by air and substrate moisture conditions. These bonds are very strong and have exceptional heat resistance, cold resistance, and moisture-, cold, and moisture resistance.

Plastic substrate segment hold the largest segment in overall reactive hot melt adhesives market during forecast period.

Reactive hot melt adhesives are used widely on plastic substrates. The unique characteristics of reactive hot melt adhesives make them well-suited for bonding plastic substrates. They provide strong, durable, and efficient adhesion in industries such as automotive and electronics where plastics are widely used. When exposed to heat, reactive hot melt adhesives undergo a reactive process, often involving crosslinking. This results in a bond with enhanced strength and durability, which is crucial for applications with a robust connection, such as in the assembly of plastic components in automotive or electronics.

Automotive & Transportation is the fastest-growing application of the global reactive hot melt adhesives market during forecasted period.

In the automotive sector, reactive hot melt adhesives find broad application in bonding diverse components, such as plastic and metal parts. They play a crucial role in enhancing structural integrity, reducing noise, and streamlining assembly processes. These adhesives are extensively employed to create lightweight designs, enhance performance, and construct structures using a variety of materials like carbon fiber composites, glass fiber-reinforced composites, aluminum, and other multi-material combinations.

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Asia Pacific region likely to account the largest share of the global reactive hot melt adhesives market during forecasted period.

Asia Pacific is one of the largest reactive hot melt adhesives markets, in terms of both value and volume, and is projected to grow significantly during the forecast period. The thriving construction industry, propelled by urbanization and infrastructure development, significantly contributes to the demand for these adhesives. Their applications extend to bonding materials in construction, furniture, and related sectors. Notably, the automotive industry, a key consumer of reactive hot melt adhesives, has witnessed remarkable growth in the Asia Pacific region. The increased utilization of these adhesives for purposes like lightweighting and structural bonding in the automotive manufacturing process has further fueled their demand.

The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (US), H.B. Fuller Company (US), Jowat SE (Germany), and 3M (US).

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Carbon Fiber Construction Repair Market worth $192 million by 2028

The report "Carbon Fiber Construction Repair Market by Product Type (Rebar, Fabric, Plate), Application (Residential & Commercial Building, Infrastructure, Industrial), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2028", is estimated at USD 119 million in 2023 and is projected to reach USD 192 million by 2028, at a CAGR of 10.0% from 2023 to 2028. The aging infrastructure, government support for construction repair projects, and rapid urbanization are triggering the growth of the carbon fiber construction repair market. The high growth of construction repair composites can be attributed to the growing number of construction repair projects globally due to the rising population, rapid urbanization, and high economic growth in some regions. Emerging markets like China, the UAE, and Saudi Arabia are showing remarkable growth due to the aforementioned factors. Also, construction repair composites are much better alternatives to traditional substitutes, i.e., steel and aluminum. This has been a decisive factor in carbon fiber composite growth, especially in regions like North America and Europe, where the usage of construction repair composite products is quite high.

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The carbon fiber fabric segment is expected to account for the largest market share in 2022, in terms of both value and volume.

Carbon fiber fabric is a lightweight, high-strength material that is increasingly being used in commercial building repair. It is especially well-suited for repairing and strengthening concrete structures, which are the most common type of commercial building structure. It can be used to repair a wide range of concrete defects, including cracks, spalls, delamination, and corrosion. It can also be used to strengthen concrete structures to increase their load-bearing capacity or resistance to seismic forces. Generally, epoxy bonding is used to apply carbon fiber fabric to concrete surfaces. The fabric is first cut to size before being bonded to the concrete with a special epoxy resin. The epoxy resin cures to form a strong and long-lasting bond between the fabric and the concrete.

Residential & commercial building applications are expected to grow with the highest CAGR during the forecast period.

Carbon fiber composite products have a wide range of properties that make them ideal to use in the repair of residential projects across the globe. These properties include a high strength to weight ratio and anti-corrosion properties. Steel mesh is getting widely replaced by grids or sheets of composite fiber made carbon fiber composites, which are used in the inner as well as outer sections of concrete wall elements. The use of composite fiber sheets helps to decrease the overall weight of structural units and provides the needful chemical protection.

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North America is expected to account for the largest share in 2022

Carbon fiber construction repair is in high demand in the North American region due to its use in the repair of commercial, residential, bridges, silo-flue pipes, oil and natural gas pipelines, water structures, and industrial structures. Among the many repair projects driving the market of carbon fiber construction repair in North America are the Old Youngs Bay Bridge across Youngs Bay in Astoria, Oregon (US), Huntley Bridge Perry's Creek Bridge in Burleigh Falls, Ontario (Canada), and Teed Bridge Cumberland County, Nova Scotia (Canada).

Prominent companies in the carbon fiber composite repair market include SIKA AG (Switzerland), Mapei SpA (Italy), Fosroc Inc. (UAE), Master Builders Solutions (Germany), Critica Infrastructure (US), AB-SCHOMBURG Yapi Kimyasallari A.S. (Turkey), Dowaksa (UAE), Dextra Group (Thailand), Rhino Carbon Fiber Reinforcement Products (US), Mitsubishi Chemical Corporation (Japan), Toray Industries Inc. (Japan), Simpson Strong-Tie Company Inc. (US), Antop Global Technology Co., Ltd. (China), Sireg Geotech S.r.l. (Italy), and Chomarat Group (US).

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Flocculant & Coagulant Market worth $12.5 billion by 2028

The report "Flocculant & Coagulant Market by Type (Coagulant, Flocculant), End-Use Industry (Municipal Water Treatment, Paper & Pulp, Textile, Oil & Gas, Mining), & Region( North America, Asia Paific, Europe , MEA, South America) - Global Forecast to 2028", size is projected to reach USD 12.5 billion by 2028 from USD 10.4 billion in 2023, at a CAGR of 3.8% during the forecast period.

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The major drivers for the flocculant & coagulant market are implementation of stringent environmental regulations across the globe for wastewater treatment, limited availability and declining freshwater resources, growth in mining and mineral processing. Alternative water treatment technologies, high cost related to acquiring and using flocculants and coagulants are considered as restraining factors in this market. Whereas emerging trend towards eco-friendly and biodegradable flocculant and coagulant, rapid industrialization and urbanization in emerging economies act as opportunities in the market.

Coagulant is fastest growing segment on the basis of type, in terms of value, during the forecast period.”

The coagulant segment reigns as the fastest-growing market in the flocculants & coagulants due to their vital role in water and wastewater treatment. They play a critical part in neutralizing charged particles, destabilizing contaminants, and facilitating the formation of larger flocs for efficient removal. Widely applied across diverse industries like municipal water treatment, oil and gas, and pulp and paper, coagulants like aluminum sulfate and polyaluminum chloride offer versatility and proven effectiveness against a spectrum of water quality challenges.

The pulp & paper end use industry has the second highest market share in flocculant & coagulant market, in terms of value.

The pulp & paper industry commands the second-largest share in the flocculant and coagulant market due to its substantial water usage and environmental considerations. Paper production involves extensive water-intensive processes, creating significant wastewater challenges. To meet stringent environmental regulations and sustainability goals, the industry relies on coagulants and flocculants to efficiently remove lignin, cellulose, and other contaminants from wastewater. These chemicals aid in the recycling and treatment of processed water, reducing environmental impact.

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Europe has the second largest market share in the flocculant & coagulant market, in terms of value.

Europe occupies the third-largest share in the flocculant and coagulant market due to several factors. The region boasts a well-established industrial base with significant chemical, manufacturing, and municipal sectors, all of which require water treatment solutions. Strict environmental regulations in Europe drive the demand for coagulants and flocculants to meet water quality standards. Additionally, growing awareness of water scarcity issues and the need for sustainable practices further boosts the market. Europe's strong focus on using advanced methods to clean water and protect the environment makes it an important part of the flocculant and coagulant market.

Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (US), SNF Floerger (France), and Solenis LLC (US) are some of the established players in the flocculant & coagulant market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.

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Polyurethane Catalyst Market worth $3.1 billion by 2028

The report "Polyurethane Catalyst Market by Type, Functionality (Blowing Catalyst, Curing Catalyst, Foam Stabilizing Catalyst, Cross Linking Catalyst, Gelling Catalyst), Application (Foam, Sealant & Adhesive, Coating, Elastomer), Region - Global Forecast to 2028 ", is projected to reach USD 3.1 billion by 2028, at a CAGR of 6.0% from USD 2.3 billion in 2023. The Polyurethane Catalyst market is mainly driven by the demand from various end use industries such as construction, automotives and electronic appliances, others.  It is also driven by developing and emerging economies such as US and China.

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 “Amine Catalyst by material type is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

Amine Catalysts are highly effective at promoting the reaction between polyols and isocyanates, facilitating the formation of urethane linkages that are essential for polyurethane materials. Their catalytic activity ensures efficient and reliable polymerization, leading to consistent and high-quality end products. Amines can act as organocatalysts (small organic molecules that function as catalysts) in asymmetric reactions. The chiral amine catalyst interacts with a substrate in a way that encourages the formation of one enantiomer (mirror-image isomer) over the other. This selectivity is critical in pharmaceuticals, where one enantiomer might have the desired therapeutic effect while the other could be inactive or even harmful.

“Gelling Catalyst” is the largest market share in terms of value, during the forecast period.

Gelling Catalysts are essential for initiating the foaming process in materials like polyurethane. They trigger the reaction that generates gas, leading to the expansion of the material and the formation of a cellular structure. This structure gives rise to foam's unique properties such as lightweightness, insulation, cushioning, and sound absorption.

“Foam” by application segment accounted for the largest share in terms of value.

The furniture and bedding sector also contributes substantially, as flexible polyurethane foam create comfortable mattresses and seating. In packaging, the need for protective solutions amplifies the demand for foam-based materials. This pervasive usage is further enhanced by customization capabilities and innovations, making polyurethane foam an attractive choice for manufacturers looking to meet specific requirements.

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“Asia pacific is expected to be the fastest growing market for Polyurethane Catalyst market during the forecast period, in terms of value.”

Polyurethane Catalyst Market in Asia pacific is anticipated to register a CAGR of 6.2% between 2023 and 2028. Polyurethane Catalyst Market in Asia pacific comprises the China, Japan, India, South Korea. It was the largest market of Polyurethane Catalyst in 2022. Asia pacific has a well-established and diverse industrial base, spanning sectors such as automotive, construction, furniture, and more. These industries frequently use polyurethane materials in various applications. As the region continues to develop and modernize its infrastructure, the demand for polyurethane products, and consequently polyurethane Catalysts, can rise. 

The key players in this market BASF SE Germany), Evonik Industries AG (Germany), Huntsman International LLC (US), Momentive (Niskayuna), Tokyo Chemical Industry Co., Ltd. (Japan), DOW (US), Tosoh Corporation (Japan), Carpenter Co. (US), Mofan Polyurethane CO., LTD. (China), UMICORE (Brussels).

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Catalyst Handling Services Market expected to reach $732 million by 2028

The report "Catalyst Handling Services Market by Service Type (Catalyst loading/Unloading, Catalyst Screening, Segregation, & Storage, Catalyst Transport & Handling, Spent Catalyst Holding), End-use Industry (Petroleum Refining) and Region - Global Forecast to 2028", is projected to reach USD 732 million by 2028, at a CAGR of 4.5% from USD 588 million  in 2023.

The catalysthandling services market is mainly driven by the stringent environmental regulations.. Moreover, it is also driven by increasing focus on energy efficiency and cost optimization.

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 “Spent catalyst handling segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

Spent catalyst handling is a vital process in the refining and petrochemical industries, dealing with the safe and efficient management of used catalysts. These catalysts have reached the end of their useful life and require careful handling to ensure environmental compliance. The process includes collection, transportation, and proper disposal or regeneration. Effective spent catalyst handling not only adheres to regulatory standards but also contributes to sustainable practices, promoting responsible environmental stewardship within the refining and petrochemical sectors..

“Chemicals & fertilizers end-use industry segment is projected to be the second fastest growing end-use industry type in the catalyst handling services market, in terms of value.”

The global chemicals and fertilizers production scenario has witnessed robust growth, with the chemical industry playing a pivotal role in driving various sectors of the economy. Strong statistics highlight the industry's significance, as global chemical production reached over USD 5 trillion annually.

In terms of regional contributions, Asia stands out as a powerhouse, accounting for approximately 55% of the global chemicals production. China, the world's largest chemical producer, leads the way with its substantial output, contributing over one-third of the global chemical production. India, with its expanding manufacturing and agricultural sectors, has also emerged as a significant player in the region's chemical industry.

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“Asia Pacific is expected to be the fastest growing market for catalyst handling services market during the forecast period, in terms of value”

The markets of Asia Pacific are registering high growth, and the trend is projected to continue during the forecast period. Emerging economies such as India, and China are investing in various industrial developments that are driving the catalyst handling services market. The rapid industrial growth, increasing refining and petrochemical activities, and the rising demand for efficient catalyst management solutions in the region's expanding energy sector.

New technology launches and partnerships are the major growth strategies adopted by the key players in the market. The key global players in the catalyst handling services  market include Anabeeb (Saudi Arabia), Mourik (Netharlands), Cat Tech International (UK), CR 3 (Thailand), Technivac (UK), Catalyst Handling Resources (US), Dickinson Group of Companies  (South Africa), Buchen-ICS (Germany), Kanooz Industrial Services (Saudi Arabia), and Group Peeters (Belgium).

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Nutraceutical Packaging Market worth $4.2 billion by 2028

The report "Nutraceutical Packaging Market by Packaging Type (Blisters & Strips, Bottles, Jars & Canisters, Bags & Pouches, Stick Packs, Boxes & Cartons), Product (Dietary Supplements, Functional Foods), Form, Ingredient & Region - Global Forecast to 2028", is projected to reach USD 4.2 billion by 2028, at a CAGR of 4.7% from USD 3.4 billion in 2023.

The major drivers for the piezoelectric ceramics market are growing demand for nutraceutical products, increasing demand from personal care and food and beverage end-use industry, and high demand for sustainable packaging initiatives. Regulatory compliance and stringent standards are the major restraint in this market. Opportunities for the market include incorporating digital integration technologies in the packaging of nutraceutical products.

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 “Blisters and Strips segment is projected to be the second largest segment by packaging type, in terms of value, during the forecast period.”

Blisters & Strips is the second largest packaging segment in the nutraceutical packaging market. Blister packaging offers excellent product protection, ensuring the integrity and safety of nutraceutical products. It provides a barrier against moisture, light, and oxygen, thereby extending the shelf life of the products. Moreover, blister packs offer convenience in terms of unit dosage, making it easy for consumers to manage their intake. Additionally, blister packaging allows for effective branding and product differentiation, enhancing the visual appeal of nutraceutical products on store shelves. These factors have contributed to the dominance of blister and strip packaging in the nutraceutical packaging market.

“Tablets & Capsules segment is projected to be fastest CAGR by product form, in terms of value, during the forecast period.”

Tablets & Capsules is the largest product form segment in the nutraceutical packaging market. Tablets and capsules are a popular choice among consumers due to their convenience and ease of consumption. They offer precise dosage, making it convenient for individuals to manage their supplement intake. Tablets and capsules also require protective packaging to maintain their integrity, ensuring product stability and longevity. Additionally, the widespread availability of nutraceutical products in tablet and capsule form, including vitamins, minerals, and herbal supplements, has contributed to the dominance of this product form in the nutraceutical packaging market.

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“North America is expected to be the largest market for nutraceutical packaging during the forecast period, in terms of value.”

North America is the largest region in the nutraceutical packaging market in 2022. The region has a robust and mature nutraceutical industry, with a high demand for health and wellness products. Secondly, North America has a large population actively seeking dietary supplements and functional foods, driving the need for specialized packaging solutions. Additionally, the region has well-established regulations and standards for packaging safety and labeling, ensuring product integrity and consumer trust. The presence of major nutraceutical companies and technological advancements further contribute to region’s dominance in the nutraceutical packaging market.

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the nutraceutical packaging market include are Glenroy, Inc. (US), Berry Global Inc. (US), MOD-PAC Corporation (US), MJS Packaging (US), JohnsByrne Company (US), Amcor PLC (Australia), Amgraph Packaging, Inc., Birchwood Contract Manufacturing (US), Syntegon Packaging Technology GmbH (Germany), and Comar Packaging Solutions (US).

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Cross Linking Agents Market projected to reach $13.6 billion by 2028

The report "Cross Linking Agents Market by Chemistry (Amino, Amine, Amide, Aziridine, Isocyanate, Carbodiimide), Application (Decorative, Industrial (Transportation Coatings, Industrial, Protective Coatings, Marine Coatings), & Region - Global Forecast to 2028", is projected to reach USD 13.6 billion by 2028, at a CAGR of 6.5% from USD 9.9 billion in 2023.

The Cross Linking  Agent market is mainly driven by the factors including the demand for high-performance materials, increasing applications across industries, emphasis on sustainability, and advancements in technology and research.

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“Amine chemistry segment is projected to grow at third fastest CAGR, in terms of value, during the forecast period.”

Amines offer excellent cross-linking capabilities and compatibility with a wide range of polymers, making them ideal for various applications. Their strong bonding properties and ability to improve mechanical and thermal properties of materials drive their demand. Additionally, the rising focus on sustainability and the development of eco-friendly formulations using amines as cross-linking agents further contributes to the growth of this segment in the market.

“Industrial application segment is expected to lead the Cross Linking Agent market during the forecast period, in terms of value.”

The growth of the Industrial application segment in the cross-linking agents market is attributed to several key factors. Industries such as automotive, construction, electronics, and packaging demand cross-linked materials to enhance product performance and durability. Cross-linking agents provide improved mechanical properties, resistance to chemicals and weathering, and increased lifespan of industrial products. Stringent regulations and standards regarding product quality and reliability in industrial applications further drive the demand for cross-linking agents. Additionally, the growing focus on sustainable and eco-friendly solutions in the industrial sector fuels the adoption of cross-linking agents that offer reduced environmental impact. These factors collectively contribute to the rapid growth of the Industrial application segment in the cross-linking agents market.

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“Asia Pacific is expected to be the fastest growing market for Cross Linking Agents during the forecast period, in terms of value.”

The region's robust industrial and manufacturing sectors, particularly in countries like China, India, and Japan, drive the demand for cross-linking agents across various industries such as automotive, construction, electronics, and packaging. Moreover, rapid urbanization, infrastructure development, and increasing disposable incomes in the region contribute to the rising demand for high-performance materials that utilize cross-linking agents. Additionally, favorable government initiatives, investments in research and development, and a shift towards eco-friendly and sustainable solutions further stimulate the market's growth in the Asia Pacific region, solidifying its position as the largest and fastest-growing market for cross-linking agents.

New product launches, acquisitions, investments, and expansions are the major growth strategies adopted by the key players in the market. The key global players in the Cross Linking Agents market include BASF SE (Germany), Covestro AG (Germany), Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US), Aditya Birla Corporation (India), Wanhua Chemicals Group Co. Ltd (China), The Dow Chemical Company (US), DSM Coatings Resins (China), and Ineos (UK).

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Construction Sealants Market worth $5.7 billion by 2028 The report "Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), End-use Industry (Residential, Commercial, Industrial, Infrastructural), and Region - Global Forecast to 2028", is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion in 2028 at a CAGR of 3.6%. The growth of the global construction sealants market is primarily driven by the increasing usage of silicone, hybrid, and polyurethane sealants. Polyurethane has made significant contributions to sealant bonding technology, making several different feedstock materials available for manufacturing sealants that exhibit a broad spectrum of performance characteristics. Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104100934 Polyurethane is the fastest-growing resin type segment of the overall construction sealants market. Polyurethane sealants are polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain. Thus, a urethane sealant can be based on a wide range of polymers, given that they can be reacted to form a urethane linkage. These polymers may comprise different aliphatic and aromatic hydrocarbons, esters, ethers, amides, urea, and allophanate groups. This, in turn, results in the availability of a very wide range of raw materials for different formulations. Glazing is the fastest application segment in the construction sealants market during the forecast period. Glazing is the fastest application segment in the construction sealants market. There is increasing demand for sealants that provide flexibility and resist cracks under extreme weather conditions in hospitals, houses, public buildings, schools, and entertainment parks. Polyurethane sealants are used for installing, assembling, and repairing glass. They can be either used for structural glazing or conventional glazing, depending upon the requirement of the application. Sample Request-https://www.marketsandmarkets.com/requestsampleNew.asp?id=104100934 Asia Pacific is the largest construction sealants market during the forecast period. Asia Pacific accounts for the largest share of the construction sealants market globally. Factors such as rapidly growing construction activities and an increasing and huge addressable population base are driving the construction sealants market in the Asia Pacific region. China has been the driving force behind the rapid expansion of the construction sealants market in the Asia Pacific region and across the globe. Key Market Players The key players operating in the market are 3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US).

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Thermoplastic Tapes Market worth $4.4 billion by 2028

The report "Thermoplastic Tapes Market by Fiber Type (Glass, Carbon), Resin Type (PAEK, PA, PPS, PP), Application (Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods, Medical & Healthcare), and Region - Global Forecasts to 2028", is estimated at USD 2.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. Factors such as the superior properties of thermoplastic tapes like corrosion resistance, lightweight and high strength, durability, and improved performance are positively driving the growth of the thermoplastic tapes Market. Thermoplastic composite materials are 50-70% lighter than steel and 25-30% lighter than aluminum. Increment in consumption of thermoplastic tapes is expected to increase owing to changing consumption patterns i.e. from heavy to lightweight composite, fuel efficiency, and cost-effectiveness. Further, the continuous innovation, new product development, and processing applications to create more promising opportunities in aerospace & defense, automotive & transportation, and other industries will bolster demand for the thermoplastic tapes market.

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Glass fiber held the second largest market for thermoplastic tapes.

Glass fiber are used in various applications due to their low cost compared to traditional materials such as steel and aluminum. Glass fiber-based thermoplastic tapes are preferable over carbon fiber as they provide a quick and affordable way to build parts & molds and make repairs. Glass fibers are easy to process and less expensive but have low tensile strength and performance than carbon fiber.  The glass fiber segment of the thermoplastic tapes market is expected to grow significantly in the coming years, driven by the low cost and easy processing of fiberglass that can be used in various applications .

 PA segment holds the second-highest market in 2022.

Polyamide (PA)-based compounds are widely used thermoplastic composites worldwide. Thermoplastic composites containing PA resin matrix offer an ideal combination of properties suitable for automotive, aerospace & defense, energy, industrial, and electronics applications. Polyamide is easy to process, has high resistance to heat and chemical attack, good mechanical strength, and stiffness with good dielectric properties, friction, and wear resistance. It enables automotive OEMs to reduce weight without compromising vehicle performance. Polyamide, when used along with long carbon fibers, provides higher strength in automotive applications. In the automotive & transportation industry, PA is used for door modules, bumper stiffeners, and dashboard crossbeams.

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Middle East & Africa is expected to grow with a significant CAGR during the forecast period.

The thermoplastic tapes market in the Middle East & Africa includes the UAE, South Africa, and Rest of the Middle East & Africa. The market growth is attributed to the developing aerospace & defense, automotive & transportation industries in the region. Thermoplastic tapes are in demand in the Middle East & Africa due to their lightweight and corrosion-resistant properties. The oil & gas industry, aerospace & defense, automotive & transportation, and sporting goods markets are driving up the demand for these tapes in the region. Key aircraft manufacturers, such as Boeing, Airbus, and Bombardier, are targeting Gulf buyers for the business jet market. The demand for repairing existing pipes, tanks, and infrastructure in the oil & gas industry contributes to market growth. The increasing need for sporting goods is also driving the thermoplastic tapes market in the region.

The major players in the thermoplastic tapes market are Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Evonik Industries AG (Germany), Hexcel Corporation (US), Teijin Limited (Japan), Arkema (Netherlands), and Solvay (Belgium), BASF SE (US), and SGL Carbon (Germany), among others.