#Polyester Fiber Market share

[marketksi]

Polyester Fiber Market is expected to grow at a CAGR of 7.60% to reach US$123.757 billion by 2027, from US$74.092 billion in 2020. An expansion in the interest for nonwoven materials and items and rising urbanization and the home stylistic layout industry are supposed to drive the development of the polyester fiber market.

[factmrlokesh]

Pregnancy Pillow Market Set for Remarkable Growth, Expected to Surpass US$ 891 Million by 2033 at 3.2% CAGR 

The global pregnancy pillow market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 3.2% from 2023 to 2033. This growth trajectory is expected to elevate the global demand for pregnancy pillows, reaching a market value of US$ 891 million by the end of 2033. This marks a significant increase from its current valuation of US$ 650 million in 2023.

Pregnancy pillows serve as essential maternity aids for expecting mothers, designed to provide support and comfort during pregnancy. These pillows are particularly beneficial for maintaining spinal and back alignment, offering a comfortable sleeping and resting experience. They aid in facilitating changes in posture and body positions, catering specifically to the needs of pregnant women.

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Pregnancy pillows are now indispensable companions for expectant mothers, providing unparalleled comfort and support throughout their pregnancy journey. With the rising demand for maternity care products, this article explores the growing trend of pregnancy pillows and their significant impact on maternal well-being.

Key Companies Profiled:

The Boppy Company

Leachco

Queen Rose

PharMeDoc

Naomi Home

Cozy Bump Corporation

Medela AG

Easygrow AS

Enhanced Comfort and Support:

Designed to alleviate common pregnancy-related discomforts like back pain, hip pain, and abdominal discomfort, pregnancy pillows offer targeted support to key areas of the body. By providing ergonomic support, these pillows enable expectant mothers to enjoy better sleep quality, reducing fatigue and promoting overall well-being.

Versatility in Design and Functionality:

Modern pregnancy pillows come in various shapes and sizes, catering to individual needs and preferences. Whether it's full-body pillows wrapping around the entire body or wedge-shaped options offering targeted support, expectant mothers have a diverse range of choices. Additionally, many pregnancy pillows serve beyond pregnancy, doubling as nursing pillows or aiding in postpartum recovery.

Growing Awareness of Maternal Health:

With increasing awareness surrounding maternal health, expectant mothers prioritize products that prioritize comfort and safety. Pregnancy pillows, with their emphasis on ergonomic design and support, have become integral in maternal care routines, easing discomfort and promoting relaxation during pregnancy.

Read More: https://www.factmr.com/report/pregnancy-pillow-market

Competitive Landscape:

Major suppliers of pregnancy pillows are investing significantly in diverse promotional strategies and enhancing their supply chain management systems. Efficient supply channels guarantee swift and secure product delivery to end-users. Additionally, several regulatory authorities have enforced specific guidelines aimed at minimizing environmental impacts associated with production processes.

Prominent entities in the pregnancy pillow industry include Cozy Bump Corporation, Naomi Home, The Boppy Company, Leachco, PharMeDoc, Medela AG, Queen Rose, and Easygrow AS.

Influence of Celebrity Endorsements and Social Media:

Celebrity endorsements and influencer recommendations on social media platforms have significantly boosted the popularity of pregnancy pillows. As expectant mothers share their experiences online, the demand for these pillows has surged, propelling market growth.

Technological Advancements and Innovation:

The pregnancy pillow market is witnessing technological advancements aimed at enhancing comfort and convenience. Features like cooling gel inserts, adjustable firmness levels, and machine-washable covers are becoming commonplace, catering to the evolving needs of modern mothers.

Segmentation of Pregnancy Pillow Industry Research:

By Material Filled :

Styrofoam Balls

Microbeads

Polyester Fiber

Buckwheat

Others (Memory Foam, etc.)

By Shape :

J Shape

Wedge-shaped Pillows

U Shape

By End Use :

Residential

Hospitals

Commercial

Maternity Homes

By Distribution Channel :

Online

Offline

By Region :

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

In conclusion, the pregnancy pillow market is rapidly expanding, driven by the growing demand for products prioritizing maternal comfort and well-being. With their ergonomic design, versatility, and technological innovations, pregnancy pillows are revolutionizing the pregnancy experience. As the trend toward holistic maternity care gains momentum, pregnancy pillows are expected to remain essential tools for expectant mothers seeking comfort and support throughout their pregnancy journey.

[downincmi]

Exploring Geomembrane Market Trends: Insights & Forecasts

Geomembranes, commonly known as synthetic lining materials, are made up of high-density polyethylene, polyvinyl chloride or polyethylene. They are widely used in civil engineering projects for water containment and management. Some key applications of geomembranes include waste management, water infrastructure, mining and tunneling. Geomembranes provide an impermeable barrier and prevent liquids and gas from migrating between soil and infrastructure. They also help in controlling erosion and maintaining structural integrity. With rising spending on infrastructure development globally, the demand for geomembranes is increasing steadily. The Global Geomembrane Market is estimated to be valued at US$ 2,215.3 Million in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the Geomembrane are Groupe Solmax, NAUE Group, AGRU America, Inc., Carlisle SynTec Systems, Sotrafa S.A., Atarfil, Alpharetta, TDM Group, Aquatan, RAVEN, and others. The growing demand for geomembranes from water management, mining, and waste management industries is boosting the market growth. Geomembranes help create secure landfill cells, mining pits, and water reservoirs which is driving their increased adoption. Major polymer producers are expanding their geographical presence by strengthening distribution channels and targeting high growth markets like Asia Pacific and Latin America. Key players are focusing on providing customized geomembrane solutions for project-specific requirements to gain more contracts. Market Key Trends

Reinforced geomembrane is gaining popularity due to its enhanced puncture and tear resistance properties. Glass fiber or polyester reinforcement improves the tensile strength of geomembranes which makes them suitable for demanding applications like mining and landfills that involves vehicular movement and heavy equipment. Reinforced geomembranes hold significant potential in the coming years.

Porter’s Analysis

Threat of new entrants: High capital requirement in manufacturing and certification acts as a barrier. Bargaining power of buyers: Large number of buyers and substitutes limits their bargaining power. Bargaining power of suppliers: Availability of raw materials limits suppliers bargaining power. Threat of new substitutes: Emerging synthetic and geosynthetic products pose substitution threat. Competitive rivalry: Intense competition exists among major international players to gain market share. The geomembrane market in North America currently holds the largest share globally, with the U.S. being the major contributor. Stringent environmental regulations regarding waste management in the country and increased focus on water containment projects are driving the demand. Asia Pacific is expected to witness the fastest growth during the forecast period due to rapid urbanization and industrialization in countries like China and India. Growing construction activities and increasing investments in water management infrastructure are fueling the regional market.

[yimarcgroup]

Ethylene Oxide Market Size, Share, Growth and Report 2024-2032

The global ethylene oxide market size reached US$ 51.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 74.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032. The growing demand for polyester fibers, increasing focus on hygiene maintenance in the healthcare sector, and rising employment of various cleaning products for sanitizing surfaces and preventing the spread of infectious viruses are some of the major factors propelling the market.

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Carbon Fiber Reinforced Plastic Market - Forecast(2024 - 2030)

Carbon Fiber Reinforced Plastic Market Overview:

Carbon fiber reinforced plastic market size is forecast to reach $30.5 billion by 2030, after growing at a CAGR of 9.41% during 2024-2030, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end-use industries such as automotive, aerospace, wind energy, and others. This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel-efficient and lightweight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period

Report Coverage

The report: “Carbon Fiber Reinforced Plastic (CFRP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the carbon fiber reinforced plastic (CFRP) Industry. 

By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

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Key Takeaways

Europe dominates the carbon fiber reinforced plastic (CFRP) market, owing to the increasing demand and production of lightweight vehicles in the region. According to OICA, in 2018 the production of light commercial vehicles has increased by 2.5 % in Europe.

The carbon fiber reinforced plastics are being widely used to manufacture sport equipment such as golf shafts, bicycles, skis, surfboards, helmets, racquets, hockey sticks, baseball bats and several other products. Its low maintenance cost and corrosion resistance properties are the major factor driving the market in the sports sector.

The properties associated with CFRP such as good conductivity, flame resistance, high strength and vibration damping has facilitated their inclusion in several electrical and electronic products such as household appliances, audio systems, enclosures, electrical installations, interconnects, brushes and EMI shielding.

The X-Ray permeability, biological inertness coupled with high strength has paved the way for CFRP applications in Medical sector. Imaging equipment, orthopedics and surgical outfits are some of the common medical devices that employ CFRP.

Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as automotive, defense, and aerospace has been negatively affected, which is hampering the carbon fiber reinforced plastic (CFRP) market growth.

By Type – Segment Analysis

The thermosetting segment held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019, owing to the superior characteristics of thermosetting CFRP over thermoplastic CFRP. Unlike thermoplastics, they retain their strength and shape even when heated. This makes thermosetting plastics well-suited to the production of permanent components and large, solid shapes. Furthermore, these components have outstanding high strength-to-weight ratio performance, enhanced dielectric strength, low thermal conductivity. Thus, thermoset CFRP find their use in varied applications owing to their heat resistant characteristics, excellent dimensional and chemical stability properties when exposed to high heat and more. 

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By Application – Segment Analysis 

The defense application held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 and is growing at a CAGR of 9.42%, owing to its ability to reduce a weight of an object to a large extent while providing superior strength. Thus, there is an increasing demand of carbon fiber reinforced plastics from the defense industries to manufacture specialty components for missile systems, radar panels, body armors, helmets, rocket motor casing, artificial limbs, ballistics, nuclear submarine, propulsion systems and many more. Some of the materials used in military composites include Kevlar, fiberglass and carbon fiber. Countries like Russia, India and Japan are increasingly using composites in submarines, jets, sonar domes and truck components. U.S., U.K., India, and China are the major spenders on defense equipment and maintenance of army. M80 Stileto is the largest U.S. naval vessel built using carbon-fiber composites. Armored vehicles have conventionally used steel armor for protection; however, weight of these large trucks creates logistical problems. Therefore, the adoption of CFRP is increasing in these vehicles. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage, and tail. The need for agility at the time of sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials, which is anticipated to propel the carbon fiber reinforced plastic market during the forecast period.

By Geography – Segment Analysis

Europe region held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 up to 34%, owing to the increasing defense, and aerospace sectors in the region. The CFRP are particularly attractive to defense applications because of their exceptional strength, better stiffness-to-density ratios and superior physical properties. Also, CFRP provides relatively stronger and stiffer fibers in a tough resin matrix. According to International Trade Administration (ITA), the Norwegian Government presented a core defense spending budget of USD 6.9 billion in 2019. The Norwegian defense budget accounted for 1.62% of Norway’s GDP in 2018. French civil aerospace industry in 2018 grew to €50.36 billion, out of total non-consolidated aerospace and defense aerospace revenues of €65.4 billion. This is a 1.2% increase over 2017. Also, France has put forth an agreement with the U.K government of $2.1 billion to build a prototype combat drone, which will further boost CFRP market growth. Thus, the increasing aerospace and defense industry in Europe is likely to influence the growth of the carbon fiber reinforced plastic market in Europe.

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

As a consequence of drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize the renewable energy sources like wind power is growing. The wind power sector is increasing, as use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. The modern wind turbine are being increasingly used in wind power sector as they are cost-effective, more reliable and have scaled up in size to multi-megawatt power ratings. Wind Energy installations in APAC increased by 23.6%. This region is set to witness high growth for wind energy equipment and materials majorly driven by commitments of government of India and China towards green energy. Carbon fiber reinforced plastic is used primarily in the spar, or structural element, of wind blades longer than 45m/148 ft, both for land-based and offshore systems. Carbon fiber has known benefits for reducing wind turbine blade mass due to the significantly improved stiffness, strength, and fatigue resistance per unit mass compared to fiberglass. Due to the increasing adoption of wind power energy source, the demand for the carbon fiber reinforced plastic is also increasing, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

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Stringent Government Regulation on Emission

Carbon fiber reinforced plastics are being extensively used in the automotive industries to reduce fuel consumption as well as emissions and to manufacture lightweight vehicles. Several governments across the world have imposed stringent standard emission and fuel economy regulations for vehicles. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as carbon fiber reinforced plastics to assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulation for light-duty cars such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission standards sets fuel consumption standards for the vehicles. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period. 

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

The cost of the carbon fiber reinforced plastics is at times supposedly higher. When compared with other traditional materials such as steel and aluminum, lightweight materials such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP) are costly. Composites of carbon fiber cost almost 1.5 to five times more than steel. High cost of fiber production inhibits large volume deployment. Therefore, precursor and processing costs need to be reduced. The high price of carbon fibers in many applications constrains the potential use of composites. Hence, the high cost of carbon fiber reinforced plastics may hinder with the carbon fiber reinforced plastics market growth during the forecast period. However, cost effective production methods coupled with high volume processing, assembly techniques and automation processes will lead to reduction of price in the near future. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the carbon fiber reinforced plastic (CFRP) market. In 2019, the market of carbon fiber reinforced plastic (CFRP) has been consolidated by the top five players accounting for 40% of the share. Major players in the carbon fiber reinforced plastic (CFRP) market are SGL Carbon SE, Teijin Ltd., Toray Industries Inc., Cytec Industries Inc., Mitsubishi Rayon Co. Ltd., Farmosa Plastics Corporation, Nippon Carbon Co. Ltd., DowAksa Advanced Composites Holdings BV, Hexcel Corporation, and Hyosung Advanced Materials.

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Acquisitions/Technology Launches

In May 2016, Dowaska, Under secretariat of Defense Industries (SSM) and Turkish Aerospace Industries (TAI) have jointly opened The DowAksa Global Composites Center with an objective to advance Turkey’s carbon fiber and other reinforcement composites manufacturing mainly for aerospace applications in both defense and commercial aviation and the infrastructure, marine, wind energy and transportation sector.

In March 2018, Toray Industries, Inc. developed a new fabrication technology for Carbon Fiber Reinforced Plastics that enables both improved dimensional accuracy and energy savings.

In November 2018, Toray Industries, Inc. developed new carbon fibers that realized both higher tensile strength and tensile modulus named “TORAYCA® MX series”.

In September 2019, Teijin Limited acquired Benet Automotive, a leading automotive composite and component supplier in the Czech Republic. The acquisition benefits Teijin’s composite technologies business.

In December 2019, SGL Carbon and Solvay entered into a joint development agreement to develop composite materials based on large-tow intermediate modulus carbon fiber for aerospace primary structures.

In May 2020, Toray Industries, Inc. developed a high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing. Toray announced to push ahead with research and development to commercialize the fiber and pellets within the next three years.

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Polyethylene Furanoate (PEF) Market Size, Share, Analysis, Growth, Key Players, Trend and Forecast to 2035

The worldwide Polyethylene Furanoate (PEF) market is projected to achieve a volume of 0.3 thousand tonnes by the year 2025, with a remarkable compound annual growth rate (CAGR) of 82% anticipated to persist throughout the forecast period until 2035.

In the realm of sustainable materials, Polyethylene Furanoate (PEF) emerges as a beacon of innovation and promise, revolutionizing the landscape of packaging solutions. As the world increasingly pivots towards eco-conscious practices, the demand for renewable and biodegradable alternatives to traditional plastics has surged. PEF, a bio-based polyester derived from renewable sources, stands at the forefront of this transformative journey.

PEF boasts several remarkable characteristics that set it apart from conventional plastics. Its superior barrier properties, excellent mechanical strength, and thermal stability make it an ideal candidate for various packaging applications. Unlike its fossil-based counterparts, PEF is produced from bio-based feedstocks such as sugars derived from plants like corn and sugar beets, offering a renewable and sustainable alternative.

One of the most compelling aspects of PEF is its biodegradability. While traditional plastics can persist in the environment for hundreds of years, PEF offers a solution that breaks down naturally, reducing the burden on landfills and oceans. Its ability to degrade into non-toxic byproducts underscores its eco-friendly credentials, aligning with the global imperative to combat plastic pollution.

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The PEF market has witnessed significant growth in recent years, driven by escalating consumer awareness regarding environmental issues and stringent regulations mandating the reduction of single-use plastics. Major players in the packaging industry are increasingly investing in research and development initiatives to explore the full potential of PEF and integrate it into their product portfolios.

Furthermore, technological advancements have facilitated the commercial production of PEF at scale, overcoming previous challenges related to cost and scalability. As production processes continue to evolve and become more efficient, the cost competitiveness of PEF is expected to improve further, fostering its widespread adoption across diverse industries.

The versatility of PEF extends beyond traditional packaging applications. Its inherent properties make it suitable for a wide range of products, including bottles, films, fibers, and even electronics. From beverage containers to apparel, PEF offers a sustainable alternative that meets the performance requirements of modern-day consumers without compromising on environmental responsibility.

Moreover, the transition towards a circular economy presents new opportunities for PEF. By incorporating recycled PEF into the production cycle, manufacturers can further reduce their environmental footprint and enhance the sustainability of their products. Initiatives aimed at establishing closed-loop systems for PEF recycling are already underway, paving the way for a more circular approach to packaging.

Major upcoming players in the Global Polyethylene Furanoate (PEF) market are Avantium, Sulzer, Ava Biochem, Swicofil AG, TOYOBO CO., LTD., Danone, and Others. 

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Polyethylene Furanoate (PEF) represents a paradigm shift in the realm of sustainable packaging. With its renewable origins, superior properties, and biodegradability, PEF embodies the principles of innovation and sustainability that are integral to addressing the challenges of plastic pollution. As consumer preferences continue to evolve and regulatory pressures intensify, PEF is poised to emerge as a cornerstone of the sustainable packaging revolution, driving positive change for both the industry and the planet.

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Non Woven Fabric Prices, Price Trend, Pricing, News, Analysis & Forecast

Non Woven Fabric Prices fluctuate based on a variety of factors, including raw material costs, manufacturing processes, market demand, and global economic conditions. One of the primary determinants of non-woven fabric prices is the cost of raw materials, which typically include polypropylene, polyester, and other synthetic fibers. Fluctuations in oil prices can directly impact the cost of these materials, as they are derived from petroleum products. Additionally, the manufacturing process used to create non-woven fabrics can influence prices. Methods such as spunbond, meltblown, and needle punching each have their own associated costs, with meltblown often being the most expensive due to its intricate process and specialized equipment requirements.

Market demand plays a significant role in non-woven fabric pricing dynamics. Industries such as healthcare, hygiene products, automotive, and construction are major consumers of non-woven fabrics. During periods of high demand, prices may rise due to increased competition for limited manufacturing capacity and raw materials. Conversely, during economic downturns or when demand decreases, prices may soften as manufacturers adjust their production levels to match market needs.

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Global economic conditions also impact non-woven fabric prices. Factors such as currency fluctuations, trade policies, and geopolitical tensions can all influence the cost of production and distribution. For example, tariffs on imported raw materials or finished goods can drive up costs for manufacturers, leading to higher prices for non-woven fabrics. Similarly, disruptions to supply chains, such as natural disasters or political unrest in key manufacturing regions, can cause temporary shortages and price spikes.

In addition to these external factors, internal considerations within the non-woven fabric industry can also affect pricing. Competition among manufacturers, advancements in technology, and changes in consumer preferences all play a role in shaping pricing strategies. Some manufacturers may focus on cost leadership, offering lower prices to gain market share, while others may emphasize product differentiation or quality to justify higher prices.

Despite these complexities, buyers of non-woven fabrics can take certain steps to manage costs effectively. Building strong relationships with suppliers, negotiating favorable contracts, and exploring alternative materials or manufacturing methods are all strategies that can help mitigate price volatility. Additionally, staying informed about market trends, industry developments, and regulatory changes can provide valuable insights for anticipating and responding to price fluctuations.

Overall, non-woven fabric prices are influenced by a multitude of factors, both internal and external to the industry. While fluctuations are inevitable, understanding the underlying drivers of these price movements can empower buyers to make informed decisions and effectively manage their procurement processes. By staying vigilant, adaptable, and proactive, businesses can navigate the dynamic landscape of non-woven fabric pricing with confidence and agility.

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Loop Industries and Ester Industries partner to build an Infinite Loop manufacturing facility in India

Loop Industries, a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (“Ester”), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (“India JV”). The purpose of the India JV is to build and operate an Infinite Loop India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (“rDMT”), recycled mono-ethylene glycol (“rMEG”) and specialty polymers in India, using the Infinite Loop technology which offers significant advantages over traditional mechanical PET recycling.

Loop Industries and Ester Industries have a well-established working relationship, with Ester producing Loop PET for Loop's global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester's nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.

The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.

The rDMT and rMEG product offerings manufactured at the Infinite Loop India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop's existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.

The India facility will leverage the Infinite Loop technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.

The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.

Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop's technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”

Loop Industries Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and Polyester fiber and provides our customers with a sustainability-linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.

The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest-growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.

This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value."

1 This data is for the India LCA excluding the avoided waste disposal

[businessindustry]

Anti-Static Fibers Market Trends, Share, News and Forecast by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Anti-Static Fibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Anti-Static Fibers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Anti-Static Fibers Market?

The global anti-static fibers market size reached US$ 0.71 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1.25 billion in 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.

What are Anti-Static Fibers?

Anti-static fibers are crafted to mitigate the buildup of static electricity. They find application in textiles and other fields where static electricity can cause problems, such as harming electronic devices or creating discomfort for people. These fibers function by conducting static electricity away from the surface they are applied to, thereby preventing the accumulation of electric charge. They are frequently mixed with other materials to imbue the final product with anti-static characteristics.

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What are the growth prospects and trends in the Anti-Static Fibers industry?

The anti-static fibers market growth is driven by various factors. The market for Anti-Static Fibers is growing due to rising demand across industries like textiles, automotive, and electronics, where static electricity poses risks of damage or safety concerns. These fibers are critical in producing items such as clothing, upholstery, and industrial parts to minimize static buildup. Technological progress is also contributing to market expansion, leading to the creation of more efficient anti-static fibers. Moreover, increasing awareness about electrostatic discharge (ESD) and its effects on sensitive electronic equipment is driving the use of anti-static fibers in diverse applications. Hence, all these factors contribute to anti-static fibers market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Carbon-Based Anti-static Fibers

Metallic Anti-static Fibers

Synthetic Blends with Conductive Additives

By Material:

Polyamide (Nylon)

Polyester

Polypropylene

Others (Including Acrylic, Cotton, etc.)

By End-Use Industry:

Electronics

Textiles

Automotive

Industrial Manufacturing

Aerospace and Defense

By Application:

Static Protection Clothing

Packaging Materials

Conveyor Belts

Carpets and Flooring

Others (Including Wrist Straps, Gloves, etc.)

By Distribution Channel:

Direct Sales

Distributors

E-commerce

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

DuPont

Toray Industries

Toyobo Co., Ltd.

Formosa Plastics Corporation

Mitsubishi Chemical Corporation

Hyosung Corporation

Kolon Industries, Inc.

Teijin Limited

Far Eastern New Century Corporation

RadiciGroup

Yantai Tayho Advanced Materials Co., Ltd.

Suzhou Kingsway High-Tech Fiber Technologies Co., Ltd.

Trevira GmbH

Ensinger Group

Jinan Shengquan Group Share Holding Co., Ltd.

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[chemicalsectorupdates]

Crafting a Greener Future: Innovations in Recycled Textile Production

Recycled Textile: A Growing Industry Cashing in on Sustainable Fashion India Leading the Way in Recycling Textile Waste With the Indian textile industry generating huge amounts of post-consumer and post-industrial waste every year, the country has become a leader in recycling these discarded materials. An estimated 60% of textile waste in India is currently being recycled either by the informal sectors or small and medium enterprises. The government has also been actively promoting recycling through various policies and schemes. Several initiatives have been launched to collect, sort and process old and used garments and fibers that would otherwise end up in landfills. Due to low labor and production costs, many large international brands are also partnering with or outsourcing recycling activities to Indian companies. New Businesses Emerging Around Recycled Fibers Production Recycled fibers like recycled polyester, cotton loden and modal are fast gaining popularity as eco-friendly and sustainable alternatives to virgin materials. Indian companies are setting up large-scale recycling facilities and repurposing post-consumer textiles into new fibers that can be re-spun and re-woven. These recycled fibers are finding applications in apparel, home textiles, industrial textiles and even hygiene products. New business models are emerging where rag pickers and kabadiwalas are being integrated with recycling units as suppliers of raw materials. Several startups are also focusing on innovative recycling technologies to break down fabrics into their basic fibers and filaments for reuse. This is opening up new employment opportunities and giving old textiles a second life cycle. Garment Rental and Resale Gaining Traction With rising awareness about fast fashion's environmental costs, sustainable consumption practices like clothing rental, resale and repair are on the rise. A number of companies are launching clothing rental and resale platforms where consumers can rent designer outfits for special occasions or sell their used clothing in exchange for store credit. Digital resale platforms are making it easy to list, buy and sell pre-owned clothes. Popular international brands are also experimenting with take-back programs where old garments are refurbished or recycled. Such initiatives encourage multiple wears and extend the lifespan of clothes, keeping more material out of landfills for longer. They also open up newer customer segments interested in affordable eco-conscious options. Focus on Recycled Fabrics in Home and Workwear Segment While recycled fabrics were earlier perceived as low quality, they are now gaining widespread acceptance in application segments other than just apparel. Several companies have started marketing recycled cotton, polyester and modal-based fabrics for home textiles like curtains, towels and upholstery. These are comparable to regular fabrics in aesthetics and functionality but with the added environmental benefit. Recycled fabrics are also being widely used in industrial workwear, military and PPE clothing where durability takes priority over looks. With larger fabric manufacturers integrating recycling into their portfolio, the market for such fabrics is expanding rapidly. It is helping divert tonnes of fabric waste from the wasted stream every year. In Summary, the recycled textiles sector in India has witnessed rapid growth driven by rising awareness, technology advancements and supportive policies. With large volumes of post-consumer waste being channeled for recycling, it is evolving as a viable alternative raw material source for the textile industry. New business models are tapping opportunities spanning informal waste collectors to high-tech fiber producers. As technologies solve more complex waste sorting issues, recycled textiles appear poised to gain bigger market shares in both apparel and non-apparel applications going forward.

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Carbon Fibers (CF) and Carbon Fiber Reinforced Plastics (CFRP) Market Upcoming Trends Analysis 2023-2033

Market Definition

Carbon fiber reinforced plastics (CFRP) are a composite material made up of a polymer matrix and carbon fibers. Carbon fibers are extremely strong and lightweight materials that can be used to reinforce various polymers, such as polyesters, epoxy resins, and polyamides. CFRP is used in a wide variety of applications, from aerospace and automotive components to sporting goods and medical devices.

The carbon fibers are made from a variety of sources, such as rayon, polyacrylonitrile (PAN), and pitch-based fibers. The fibers are then formed into a yarn or fabric and then impregnated with a resin, such as epoxy or polyester. This forms a composite material that is then used to form components.

Market Outlook

Carbon fibers and carbon fiber reinforced plastics (CFRP) are increasingly being used in a wide range of industries, from aerospace to automotive and from medical to military. This is due to their unique properties, which include high strength, low weight, and excellent resistance to corrosion and fatigue. The market for these materials is growing rapidly, and there are several key trends driving this growth.

1. Increasing Demand for Lightweight Materials: As the demand for lighter and more fuel-efficient vehicles increases, so does the demand for lightweight materials such as carbon fibers and CFRP.

2. Cost Reduction: The cost of carbon fibers and CFRP has been steadily declining over the years, making them more cost-effective for a variety of applications.

3. Improved Performance: The performance of carbon fibers and CFRP has been steadily improving over the years, due to the development of new production processes and the introduction of new additives and modifiers.

Carbon Fibers (CF) and Carbon Fiber Reinforced Plastics (CFRP) are two of the most important materials used in modern-day engineering and manufacturing. They are used in a variety of industries including aerospace, automotive, and sporting goods.

Technological advances in Carbon Fibers and Carbon Fiber Reinforced Plastics have enabled the materials to be used in a wider range of applications. Carbon fibers are strong, lightweight, and can be formed into complex shapes.

Cost efficiency is another major driver of the Carbon Fibers and Carbon Fiber Reinforced Plastics Market. Carbon fibers and Carbon Fiber Reinforced Plastics are much lighter than traditional materials, which helps to reduce the overall cost of manufacturing. Additionally, Carbon Fibers and Carbon Fiber Reinforced Plastics are more durable and require less maintenance, which helps to reduce costs in the long run.

Finally, environmental sustainability is another key driver of the Carbon Fibers and Carbon Fiber Reinforced Plastics Market. Carbon Fibers and Carbon Fiber Reinforced Plastics are made from renewable resources, and they have a much lower carbon footprint than traditional materials.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation

The carbon fibers (CF) and carbon fiber reinforced plastics (CFRP) market is segmented by type, end-use, application, and region. By type, the market is divided into PAN-based, pitch-based, and rayon-based. By end use, the market is bifurcated into automotive, wind energy, sporting goods, Marine electronics, and others. By application, the market is divided into aircraft components, automotive parts, wind turbine blades, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and the rest of the world.

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Major Players

The global carbon fibers (CF) and carbon fiber reinforced plastics (CFRP) Market report includes players like Toray Industries, Inc. – Japan, Teijin Limited – Japan, Mitsubishi Chemical Holdings Corporation – Japan, SGL Carbon SE – Germany, Hexcel Corporation – United States, Solvay SA – Belgium, Nippon Graphite Fiber Corporation – Japan, Formosa Plastics Corporation – Taiwan, Hyosung Advanced Materials Corporation – South Korea, and Cytec Solvay Group (now part of Solvay SA) – United States

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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[priyablog26]

Global Bio-PET Packaging Market to Huge Growth by 2023-2028 

Global Bio-PET Packaging Market to Huge Growth by 2023-2028 

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At Intellect Markets, published a new research publication on "Global Bio-PET Packaging Market  Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting Market associated stakeholders. The growth of the Global Bio-PET Packaging Market  was mainly driven by the increasing R&D spending across the world. 

Get Free Exclusive PDF Sample Copy of This Research @ https://intellectmarkets.com/report/global-bio-pet-packaging-market/request-sample     Some of the key players profiled in the study are:  Toray Industries, Inc., Toyota Tsusho Corporation, Braskem Inc., Virent Inc, The Coca-Cola Company.    Scope of the Report of Global Bio-PET Packaging Market  :  The bio-PET packaging market refers to the segment of the packaging industry focused on the production, distribution, and utilization of packaging materials made from bio-based polyethylene terephthalate (bio-PET). Bio-PET is a type of polyester derived from renewable biomass sources such as sugarcane, corn starch, or other plant-based feedstocks, rather than traditional fossil fuels like petroleum.    Market Drivers:  Increasing demand for its application in various packaging solutions: 

Have Any Questions Regarding Global Global Bio-PET Packaging Market  Report, Ask Our Experts@ https://intellectmarkets.com/report/global-bio-pet-packaging-market/enquire  

The titled segments and sub-section of the market are illuminated below:  By Feed-Stock (Food Crops, By-products of Food Crops, Non-food Crops); By Application (Bottles, Films & Sheets, Bags, Cosmetic Containers, Molded Parts & Components, Fibers, Others) By End-Use ( Food & Beverage, Cosmetics & Pharmaceuticals, Automotive & Transportation, Electrical & Electronics, Textile, Packaging, Others) 

Global Global Bio-PET Packaging Market  report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years. 

Region Included are: Global, North America, Europe, Asia Pacific, South America, Middle East & Africa    Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. 

Finally, Global Bio-PET Packaging Market  is a valuable source of guidance for individuals and companies.    Read Detailed Index of full Research Study at @ https://intellectmarkets.com/report/global-bio-pet-packaging-market  

Thanks for reading this article; you can also get region wise report version like Global, North America, Middle East, Africa, Europe, South America, etc 

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Recycled Polyethylene Terephthalate Market - Forecast (2024 - 2030)

 Recycled polyethylene terephthalate Market Overview

The Recycled polyethylene terephthalate market size is estimated to reach US$16.5 billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030. Polyethylene terephthalate (PET) is a recyclable plastic resin and a form of polyester. PET polyester is composed of ethylene glycol (EG) and terephthalic acid (TPA), also known as purified terephthalic acid (PTA). Recycled polyethylene terephthalate is used in plastic bottles and food containers due to its protective properties. Once the original PET containers are used by consumers, they undergo a recycling program in a facility that cleans and transforms the plastic into rPET flakes and pellets. The rPET flakes and pellets can then be reused to make new products, such as plastic for food and beverage containers, fiber for clothing and carpets, and others. Recycled polyethylene terephthalate is environmentally friendly because it has a lower carbon footprint than virgin polyethylene terephthalate. According to the PET resin association (PETRA), more than 1.5 billion pounds of used PET bottles and containers including beverage bottles and containers are recovered in the United States each year for recycling. The increased demand for beverage bottles and containers made of recycled polyethylene terephthalate (rPET) will drive the recycled polyethylene terephthalate industry in the forecast period. The increase in recycling programs like the recycling and litter prevention program 2021 program by the United States environmental protection agency (EPA), will drive the recycled polyethylene terephthalate market.

COVID-19 Impact

The COVID-19 had negatively impacted the recycled polyethylene terephthalate market. This is because of the challenges faced during 2020, due to the closure of recycling centers and disruption in curbside recycling because of lockdown conditions. According to a report by National Association for PET container Resources (NAPCOR), the recycling rate for the highly recyclable plastic resin PET plastic bottles made of highly recyclable plastic resin in the U.S. stood at 26.6% in 2020, down from the rate of 27.9% in 2019. Additionally, the collection of PET bottles recorded a marginal decline of 2.3% in the U.S during 2020. With this decline in the recycling rate of polyethylene terephthalate, there was a decline in the recycled polyethylene terephthalate market.

Report Coverage

The report: “Recycled Polyethylene Terephthalate Market– Forecast (2024-2030)” by IndustryARC covers an in-depth analysis of the following segments of the Recycled polyethylene terephthalate industry. By Product Type: Colored Recycled Polyethylene Terephthalate, Clear Recycled Polyethylene Terephthalate By Application: Textile Fiber (Clothing, Shoes, Bags, Carpet, Others), Sheet and Films, Industrial Strapping, Food and Beverage (Food Containers, Beverage Bottles), Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

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Key Takeaways

The increased demand for food and beverage containers and bottles made of recycled polyethylene terephthalate (rPET) will drive the recycled polyethylene terephthalate Market.

The increased use of clear recycled polyethylene terephthalate made of highly recyclable plastic resin by beverage manufacturers like Coca-Cola will increase the growth of the recycled polyethylene terephthalate market.

North America will be the fastest-growing region in the recycled polyethylene terephthalate market due to the increased demand for bottled water.

Recycled Polyethylene Terephthalate Market Segment Analysis – By Product Type

Clear recycled polyethylene terephthalate holds the largest share in the recycled polyethylene terephthalate market and is expected to grow at a CAGR of 5.9% during the forecast period. Clear rPET made by recycling plastic resin has low energy requirements and provides easy bottle-to-bottle recycling. Additionally, clear rPET is highly durable, lightweight, and non-reactive and thus food and beverage manufacturers prefer clear flakes to produce containers and bottles, compared to colored. According to a news article by Coco-Cola Company, Sprite will soon launch a 13.2-oz bottle which is a 100% rPET clear bottle in the Northeast, California, and Florida. All Sprite packaging will transition to clear packaging, which is easier to be recycled and remade into new bottles, by the end of 2022. Thus, due to the wide use of clear rPET flakes by major players in the beverage industry, there will be increased growth in the Recycled polyethylene terephthalate Market in the forecast period.

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Recycled Polyethylene Terephthalate Market Segment Analysis – By Application

Bottles and containers are the fastest-growing segment in the recycled polyethylene terephthalate market and is expected to grow at a CAGR of 6.9%.  Recycled polyethylene terephthalate (rPET) which is made by recycling plastic resin polyethylene terephthalate, is ideally suitable for a variety of food and beverage applications including bottled water, carbonated soft drinks, juices, fruit, baked goods, and others. It is mainly used in bottles, thermoformed containers, and films, as well as other containers. This is because rPET has higher package performance because of its higher intrinsic viscosity (IV) and also has reduced CO2 emission during the manufacturing process. According to an article by Natural mineral water’s Europe organization, nestle Water is accelerating the use of recycled materials for the bottles of its natural mineral water lines to have all of its bottles contain rPET by the end of 2021. This is a major step toward Nestle Waters goal of achieving carbon neutrality in the upcoming years. Thus, the increased use of recycled polyethylene terephthalate in food and beverage containers and bottles will drive the recycled polyethylene terephthalate market in the forecast period.

Recycled Polyethylene Terephthalate Market Segment Analysis – By Geography

North America held a significant share in the recycled polyethylene terephthalate market in 2021. This is due to the rise in demand for bottled water across this region. According to the Beverage Marketing Corporation (BMC)- the US, the annual sales of bottled water increased by 4.7% in 2020 and the consumption grew by 4.2%. There are many bottled water companies like Bisleri, that have been voluntary including rPET in their containers by recycling plastic resin polyethylene terephthalate. They offer their product in containers that are made of 50, 75, or even 100 percent rPET. Thus, the growth of bottled water in the North American region will increase the growth of the recycled polyethylene terephthalate Market.

Recycled Polyethylene Terephthalate Market Drivers

Increasing growth in beverage containers in the North America region

There has been significant growth in the demand for beverage containers in the North American region. According to an article by Beverage Marketing Corporation USA, in 2020, there has been an increase in the market share of bottled water from 14.1 percent to 23.6 percent and Carbonated soft drinks share has increased by 18.3 percent. This is because rPET bottled water’s packaging has a negligible environmental footprint when compared to other packaging types including aluminum, glass, paperboard cartons, and even PET soda bottles. Owing to the demand for beverage bottles in North America, there will be increased use of Recycled polyethylene terephthalate which will drive the Recycled polyethylene terephthalate Market.

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Growing recycling programs will drive the recycled polyethylene terephthalate market.

Owing to several recycling programs, there will be a growth in the supply of rPET. For instance, the United States Environmental Protection Agency (EPA) came up with EPA Recycling and Litter Prevention Program 2021 program which helps support businesses and academic institutions to initiate recycling programs, encourage sustainable practices, and support litter prevention efforts. The U.S. recycling infrastructure and programs will influence the amount of PET that is available to facilities to help them produce rPET made out of these plastic resins. According to an article by the International bottled water association, the association has approved an innovative framework for a material recovery program that helps in developing new, comprehensive solutions which to increase recycling processes throughout the United States. 

Recycled Polyethylene Terephthalate Market Challenges

An increase in the amount of contamination is a major challenge for the recycled polyethylene terephthalate market

The increase in the amount of contamination is a major challenge for the recycled polyethylene terephthalate market. This is due to the rise in the proportion of inhomogeneous components in the material flow. According to an article by Food Packaging Forum, higher levels of particle contamination were found in rPET which is produced by recycling plastic resin polyethylene terephthalate, as compared to virgin PET, as well as in rPET originating from co-collection systems compared with rPET from mono-collection systems. Particle contamination is found to be directly correlated with the haziness and color parameters of PET bottles. The packaging market continues to grow at a strong pace, with a steady beat of new products using new designs and materials. This has led to greater difficulty in separating different resin types and thus increased contamination which results in loss of materials and utilization rates.

Recycled Polyethylene Terephthalate Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in this market. Recycled polyethylene terephthalate top 10 companies include:

Ulsan Chemical Co. Ltd.

OCI Materials Co.

Formosa Plastics Corporation U.S.A.

Mitsui Chemicals Inc

SK Materials Co. Ltd.

Linde plc

Central Glass Co Ltd

Shandong FeiYuan Technology Co. Ltd.

Liming Research Institute of Chemical Industry Co. Ltd.

Navin Fluorine International Limited

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Acquisitions/Technology Launches

In August 2020, Indorama Ventures Public Company Limited (IVL), a major player in the recycled polyethylene terephthalate market, announced that it has entered into an acquisition with Industrie Maurizio Peruzzo Polowat, a PET recycling facility in Poland. This acquisition will consist of production sites having a combined capacity of 25,353 tons of recycled polyethylene terephthalate (rPET) flakes and 4,409 tons of rPET pellets.

In October 2021, Placon announced that it is expanding its production capacity and employee base with the acquisition of a former Sonoco packaging operation in Wilson, North Carolina. Placon agreed to purchase substantially all operating equipment over a 112,000 square foot location. This expansion will help in expanding Placon’s thermoforming sustainable recycled PET packaging products.

We also publish more than 100 reports every month in "Chemicals and Materials", Go through the Domain if there are any other areas for which you would like to get a market research study.

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Gelcoat

The global Gelcoat market is projected to reach a valuation exceeding USD 1,025 million in 2019, with a robust Compound Annual Growth Rate (CAGR) of 6.9%, offering lucrative revenue opportunities for industry participants throughout the forecast period.

Gelcoats, derived from modified resins, are applied in a liquid state to molds, delivering a high-quality finish on fiber-reinforced composites. The fundamental ingredient in gelcoats is the polyester resin system, supplemented by key resins such as vinyl ester and epoxy, which contribute to the required chemical composition of the gelcoat. The demand for gelcoats has surged in recent years, driven by rapid advancements in the automotive and chemical processing sectors. Consequently, companies are not only concentrating on marketing channels but also investing significantly in Research and Development (R&D).

Global Gelcoat Market Size and Forecast: By Resin

An analysis by Bekryl has revealed the distribution of industry revenue across various resin types, including vinyl ester, polyester, epoxy, and others. Among these, polyester resin dominated the global market with a 48% share in 2018. Polyester resin plays a pivotal role in marine and aerospace gelcoating due to its easy availability, cost-effectiveness, and high resistance to UV degradation.

Global Gelcoat Market Size and Forecast: By End-use Analysis

In 2018, the marine sector emerged as the largest consumer of gelcoats, contributing to 38% of the total revenue generated by gelcoat players. Gelcoats provide corrosion resistance to cargo ships and other high-end boats.

Global Gelcoat Market Size and Forecast: Regional Analysis

Globally, Asia Pacific took the lead in 2018, accounting for 43% of the global market share. The region's demand for gelcoat is primarily driven by increased spending in construction, real estate, aerospace, and marine sectors. Asia Pacific plays a significant role in global sea transport trade, with major shipbuilders concentrated in China, South Korea, and Japan. Prominent shipbuilders, including Hyundai HI, Daewoo Shipbuilding, and Samsung HI, collectively generated a revenue of USD 11.3 billion from shipbuilding. This trend is anticipated to persist as companies focus on expanding their sales.

Global Gelcoat Market Size and Forecast: Competition Landscape

Industry players are prioritizing product innovation to remain agile and achieve a high Return on Investment (ROI).

Key Gelcoat Players:

CCP Composites

Ashland

Nuplex Industries Ltd.

Bang and Bonsomer

Fibre Glass Development Corporation

Alpha Owens-Corning (AOC) Resins

Synergys Technologies

Reichhold LLC

Industry Segmentation

By Resin Type:

Epoxy

Polyester

Vinyl Ester

Others

By End-use:

Aerospace

Marine

Construction

Real Estate

Others (Energy, Heavy Industries, etc.)