#Plastic Compounding Market Share
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Plastic Compounding Market looks to expand its size in Overseas Market
A Latest intelligence report published by Market Research Forecast with title "Global Plastic Compounding Market Outlook to 2032. A detailed study accumulated to offer Latest insights about acute features of the Plastic Compounding market. This report provides a detailed overview of key factors in the Global Plastic Compounding Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. Definition: The Plastic Compounding Marketsize was valued at USD 52.74 USD million in 2023 and is projected to reach USD 74.71 USD million by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Major Players in This Report Include: Asahi Kasei Corporation, BASF SE",LyondellBasell,SABIC,"Solvay S.A., Celanese Corporation, Covestro AG",DuPont,"LANXESS A.G., Kingfa SCI. & TECH. CO., LTD., Adell Plastics",PolyVisions,"Foster Corporation, RTP Company, KURARAY CO., LTD., MRC Polymers, Kraton Corporation, Aurora Plastics LLC, Other Key Players Free Sample Report + All Related Graphs & Charts @ : https://marketresearchforecast.com/report/plastic-compounding-market-1636/sample-report Global Plastic Compounding the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Plastic Compounding Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. The Global Plastic Compounding Market segments and Market Data Break Down are illuminated below: Type: Polyethylene, Polypropylene, Poly Vinyl Chloride, Polystyrene, Polyethylene, Polybutylene Terephthalate, Polyamide, Polycarbonate, Acrylonitrile Butadiene Styrene, and Others Market Drivers: Increasing Demand for Plastic Compounding from Construction Industry to Drive the Market Market Trend: Adoption of Compounded Plastics to Enhance the Properties of Virgin Plastics Will be a Key Market Trend Restrains: Fluctuations in Prices of Raw Material to Restrict Plastic Compounding Market Growth Enquire for customization in Report @: https://marketresearchforecast.com/report/plastic-compounding-market-1636/enquiry-before-buy Geographically World Global Plastic Compounding markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Plastic Compounding markets will drive growth in the North American market over the next few years. In the last section of the report, the companies responsible for increasing the sales in the Global Plastic Compounding Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study. Report Highlights:
Comprehensive overview of parent market & substitute market
In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
Recent industry trends and development activity
Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Strategic Points Covered in Table of Content of Global Plastic Compounding Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Plastic Compounding market
Chapter 2: Exclusive Summary – the basic information of the Plastic Compounding Market.
Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Plastic Compounding;
Chapter 4: Presenting the Plastic Compounding Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2024
Chapter 6: Evaluating the leading manufacturers of the Plastic Compounding market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
……………. Buy this research @ https://marketresearchforecast.com/report/plastic-compounding-market-1636/checkout?type=corporate Key questions answered
Who are the Leading key players and what are their Key Business plans in the Global Plastic Compounding market?
What are the key concerns of the five forces analysis of the Global Plastic Compounding market?
What are different prospects and threats faced by the dealers in the Global Plastic Compounding market?
What possible measures players are taking to overcome and stabilize the situation?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia. Contact US: Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: (+1 201 565 3262, +44 161 818 8166) [email protected]
#Global Plastic Compounding Market#Plastic Compounding Market Demand#Plastic Compounding Market Trends#Plastic Compounding Market Analysis#Plastic Compounding Market Growth#Plastic Compounding Market Share#Plastic Compounding Market Forecast#Plastic Compounding Market Challenges
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#Plastic Compounding Market Market#Plastic Compounding Market Market Share#Plastic Compounding Market Market Size#Plastic Compounding Market Market Research#Plastic Compounding Market Industry#What is Plastic Compounding Market?
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Plastic Compounding Market to Hit $99.4 Billion by 2032
The global Plastic Compounding Market was valued at USD 61.5 Billion in 2024 and it is estimated to garner USD 99.4 Billion by 2032 with a registered CAGR of 7.1% during the forecast period 2024 to 2032.
Are you looking for the Plastic Compounding Market Research Report? You are at the right place. If you desire to find out more data about the report or want customization, Contact us. If you want any unique requirements, please allow us to customize and we will offer you the report as you want.
The global Plastic Compounding Market can be segmented on the basis of product type, Applications, distribution channel, market value, volume, and region [North America, Europe, Asia Pacific, Latin America, Middle East, and Africa]. The Plastic Compounding Industry 2024 report provides a comprehensive overview of critical elements of the industry including drivers, restraints, and management scenarios.
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Top Players
BASF SE (Germany), LyondellBasell Industries Holdings B.V. (U.S.), DuPont de Nemours Inc. (U.S.), Dow Inc (U.S.), SABIC (Saudi Arabia), Asahi Kasei Corporation (Japan), Covestro A (Germany), Kratom Polymers Inc. (U.S.), RTP Company Inc. (U.S.), S&E Specialty Polymers LLC (U.S.)
Trending 2024: Plastic Compounding Market Report Highlights:
A comprehensive assessment of the parent Industry
Development of key aspects of the business
A study of industry-wide market segments
Evaluation of market value and volume in past, present, and future years
Evaluation of market share
Tactical approaches of market leaders
Innovative strategies that help companies to improve their position in the market
You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/plastic-compounding-market-2117/0
Analysis Of The Top Companies, Product Types, and Applications In The Market Report:
This report provides sales, revenue growth rate, and verified information about the major players. Also includes a regional analysis and a labor cost analysis, tables, and figures. It also highlights characteristics such as technological growth. The product type segment is expected to continue to maintain its leading position in the future and capture a significant market share based on sales. This report provides analysis, discussion, forecast, and debate on key industry trends, market share estimates, Industry size, and other information. This report also discusses drivers, risks, and opportunities.
Global Plastic Compounding Market report contains detailed data and analysis on the Plastic Compounding Market drivers, restraints, and opportunities. Experts with market and industry knowledge as well as research experience from regional experts validate the report. The Plastic Compounding Market report provides forecast, historical and current revenue for each industry, region, and end-user segment.
Regions Included
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Global Plastic Compounding Market report data will help you make more informed decisions. For example, in relation to prices, distribution channels are means of marketing or identifying opportunities to introduce a new product or service. These results will also help you make more informed decisions about your existing operations and activities.
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/plastic-compounding-market-2117
You Can Use The Plastic Compounding Market Report To Answer The Following Questions:
What are the growth prospects of the Plastic Compounding Market business?
Who are the key manufacturers in the Plastic Compounding Market space?
What Forecast Period for Global Plastic Compounding Industry Report?
What are the main segments of the global Plastic Compounding Market?
What are the key metrics like opportunities and market drivers?
The Plastic Compounding Market Insights
Product Development/Innovation: Detailed Information On Upcoming Technologies, R&D Activities, And Product Launches In The Market.
Competitive Assessment: In-Depth Assessment Of Market Strategies, Geographic And Business Segments Of Key Market Players.
Market Development: Comprehensive Information On Emerging Markets. This Report Analyzes The Market For Different Segments In Different Regions.
Market Diversification: Comprehensive Information On New Products, Untapped Regions, Latest Developments, And Investments In The Plastic Compounding Market.
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Plastic Compounding Market Growth Encouraged By Construction And Vehicle Industries
The global plastic compounding market size is expected to reach USD 112.08 billion by 2030, according to a report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% from 2022 to 2030. The construction and vehicle industries are expected to encourage demand for interiors, exteriors, and under-the-hood components. Plastic compounding is used in automotive under-hood components, building interiors and exteriors in construction and infrastructure, and the electrical and electronics industry, which is anticipated to boost the market growth.
Polyethylene Terephthalate (PET) is a plastic used to make bottle containers for packaged water and fizzy beverages. PET is considered a safe, durable, flexible, non-toxic, lightweight, and 100% recyclable raw material. As a result, it has acquired wide acceptance, which is expected to propel the expansion of the market over the forecast period.
Gain deeper insights on the market and receive your free copy with TOC now @: Plastic Compounding Market Report
In 2021, Asia Pacific was the top revenue source for the PET compound market. The regional usage of PET compound is expected to be driven by rising demand for beverages, particularly carbonated drinks and nutritional drinks. The expansion in population, changing lifestyles, and the emergence of local beverage makers all contribute to this trend. The presence of a large pool of contract bottlers in the Asia Pacific will also have an impact on the variety of packaging industries.
Plastics have always been used extensively in the construction sector, with products ranging from pipe fittings and insulation to construction materials and equipment. Plastic compounds are adjusted to meet their specific needs. For instance, flame retardant chemicals are added to Polyvinyl Chloride (PVC) components and are an essential part of building materials.
#Plastic Compounding Market Size & Share#Global Plastic Compounding Market#Plastic Compounding Market Latest Trends#Plastic Compounding Market Growth Forecast#COVID-19 Impacts On Plastic Compounding Market#Plastic Compounding Market Revenue Value
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Acetic Acid Market - Forecast(2024 - 2030)
Acetic Acid Market Overview
Acetic Acid Market Size is forecast to reach $14978.6 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Acetic acid, also known as ethanoic acid, is a colorless organic liquid with a pungent odor. The functional group of acetic acid is methyl and it is the second simplest carboxylic acid. It is utilized as a chemical reagent in the production of many chemical compounds. The major use of acetic acid is in the manufacturing of vinyl acetate monomer, acetic anhydride, easter and vinegar. It is a significant industrial chemical and chemical reagent used in the production of photographic film, fabrics and synthetic fibers. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling the market growth for Acetic Acid.
Report Coverage
The “Acetic Acid Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Acetic Acid industry.
By Form: Liquid and Solid.
By Grade: Food grade, Industrial grade, pharmaceutical grade and Others.
By Application: Vinyl Acetate Monomer, Purified Terephthalic Acid, Ethyl Acetate, Acetic Anhydride, Cellulose Acetate, Acetic Esters, Dyes, Vinegar, Photochemical and Others
By End-use Industry: Textile, Medical and Pharmaceutical, Oil and Gas, Food and Beverages, Agriculture, Household Cleaning Products, Plastics, Paints & Coating and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
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Key Takeaways
The notable use of Acetic Acid in the food and beverages segment is expected to provide a significant growth opportunity to increase the Acetic Acid Market size in the coming years. As per the US Food and Agriculture Organization, world meat production reached 337 million tonnes in 2019, up by 44% from 2000.
The notable demand for vinyl acetate monomer in a range of industries such as textile finishes, plastics, paints and adhesives is driving the growth of the Acetic Acid Market.
Increase in demand for vinegar in the food industry is expected to provide substantial growth opportunities for the industry players in the near future in the Acetic Acid industry.
Acetic Acid Market Segment Analysis – by Application
The vinyl acetate monomer segment held a massive 44% share of the Acetic Acid Market share in 2021. Acetic acid is an important carboxylic acid and is utilized in the preparation of metal acetates and printing processes, industrially. For industrial purposes, acetic acid is manufactured by air oxidation of acetaldehyde with the oxidation of ethanol, butane and butene. Acetic acid is extensively used to produce vinyl acetate which is further used in formulating polyvinyl acetate. Polyvinyl acetate is employed in the manufacturing of plastics, paints, textile finishes and adhesives. Thus, several benefits associated with the use of vinyl acetate monomer is boosting the growth and is expected to account for a significant share of the Acetic Acid Market.
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Acetic Acid Market Segment Analysis – by End-use Industry
The food and beverages segment is expected to grow at the fastest CAGR of 7.5% during the forecast period in the Acetic Acid Market. Acetic Acid is also known as ethanoic acid and is most extensively used in the production of vinyl acetate monomer. Vinyl acetate is largely used in the production of cellulose acetate which is further used in several industrial usage such as textiles, photographic films, solvents for resins, paints and organic esters. PET bottles are manufactured using acetic acid and are further utilized as food containers and beverage bottles. In food processing plants, acetic acid is largely used as cleaning and disinfecting products. Acetic acid is extensively used in producing vinegar which is widely used as a food additive in condiments and the pickling of vegetables. According to National Restaurant Association, the foodservice industry is forecasted to reach US$898 billion by 2022. Thus, the advances in the food and beverages industry are boosting the growth of the Acetic Acid Market.
Acetic Acid Market Segment Analysis – by Geography
Asia-Pacific held a massive 41% share of the Acetic Acid Market in 2021. This growth is mainly attributed to the presence of numerous end-use industries such as textile, food and beverages, agriculture, household cleaning products, plastics and paints & coatings. Growth in urbanization and an increase in disposable income in this region have further boosted the industrial growth in this region. Acetic acid is extensively used in the production of metal acetates, vinyl acetate and vinegar which are further utilized in several end-use industries. Also, Asia-Pacific is one of the major regions in the domain of plastic production which provides substantial growth opportunities for the companies in the region. According to Plastic Europe, China accounted for 32% of the world's plastic production. Thus, the significant growth in several end-use industries in this region is also boosting the growth of the Acetic Acid Market.
Acetic Acid Market Drivers
Growth in the textile industry:
Acetic Acid, also known as ethanoic acid, is widely used in the production of metal acetate and vinyl acetate which are further used in the production of chemical reagents in textiles, photographic films, paints and volatile organic esters. In the textile industry, acetic acid is widely used in textile printing and dyes. According to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the U.S. Department of Commerce, from January to September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose by 17.31% to US$12.365 billion. Vinyl acetate monomer is utilized in the textile industry to produce synthetic fibers. Thus, the global growth in demand for textiles is propelling the growth and is expected to account for a significant share of the Acetic Acid Market size.
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Surge in use of vinegar in the food industry:
The rapid surge in population along with the adoption of a healthy and sustainable diet has resulted in an increase in demand for food items, thereby increasing the global production level of food items. As per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tonnes, showing an increase of 54% from 2000, while global vegetable production was 1128 million tonnes, showing an increase of 65%. Furthermore, world meat production reached 337 million tonnes in 2019, showing an increase of 44% from 2000. Acetic acid is majorly used in the preparation of vinegar which is further widely utilized as a food ingredient and in personal care products. Vinegar is used in pickling liquids, marinades and salad dressings. It also helps to reduce salmonella contamination in meat and poultry products. Furthermore, acetic acid and its sodium salts are used as a food preservative. Thus, the surge in the use of vinegar in the food industry is boosting the growth of the Acetic Acid Market.
Acetic Acid Market Challenge
Adverse impact of acetic acid on human health:
Acetic Acid is considered a strong irritant to the eye, skin and mucous membrane. Prolong exposure to and inhalation of acetic acid may cause irritation to the nose, eyes and throat and can also damage the lungs. The workers who are exposed to acetic acid for more than two or three years have witnessed upper respiratory tract irritation, conjunctival irritation and hyperkeratotic dermatitis. The Occupational Safety and Health Administration (OSHA) reveals that the standard exposure to airborne acetic acid is eight hours. Furthermore, a common product of acetic acid i.e., vinegar can cause gastrointestinal tract inflammatory conditions such as indigestion on excess consumption. Thus, the adverse impact of Acetic Acid may hamper the market growth.
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Acetic Acid Industry Outlook
The top 10 companies in the Acetic Acid Market are:
Celanese Corporation
Eastman Chemical Company
LyondellBasell
British Petroleum
Helm AG
Pentoky Organy
Dow Chemicals
Indian Oil Corporation
Daicel Corporation
Jiangsu Sopo (Group) Co. Ltd.
Recent Developments
In March 2021, Celanese Corporation announced the investment to expand the production facility of vinyl portfolio for the company’s acetyl chain and derivatives in Europe and Asia.
In April 2020, Celanese Corporation delayed the construction of its new acetic acid plant and expansion of its methanol production by 18 months at the Clear Lake site in Texas.
In October 2019, BP and Chian’s Zhejiang Petroleum and Chemical Corporation signed MOU in order to create a joint venture to build a 1 million tonne per annum Acetic Acid plant in eastern China.
Key Market Players:
The Top 5 companies in the Acetic Acid Market are:
Celanese Corporation
Ineos Group Limited
Eastman Chemical Company
LyondellBasell Industries N.V.
Helm AG
For more Chemicals and Materials Market reports, please click here
#Acetic Acid Market#Acetic Acid Market Share#Acetic Acid Market Size#Acetic Acid Market Forecast#Acetic Acid Market Report#Acetic Acid Market Growth
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The global market for Pharmaceutical Packaging is expected to reach $122.6 billion by 2030 from $109.4 billion in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 6.7%. Some of the major players are Amcor Ltd., Becton, Dickinson, Aptargroup, Inc., Capsugel Inc., Gerresheimer AG, Schott AG, Terumo Corporation, WEST Pharmaceutical Services, Inc., Berry Plastics Group, Inc., Westrock Company, SGD SA, Comar LLC, International Paper Company, Owens Illinois Inc., Aptar Group Inc.
#Pharmaceutical Packaging Market#Pharmaceutical Packaging#Pharmaceutical Packaging Market Size#Pharmaceutical Packaging Market Share#Pharmaceutical Packaging Market Price#Pharmaceutical Packaging Market Growth#Pharmaceutical Packaging Market Trends
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Metalized Films Market market Report 2023: Global Size, Share By Forecast Period
The global Metalized Films Market size was valued at USD 2.68 billion in 2024 and is projected to reach from USD 2.83 billion in 2025 to USD 4.37 billion by 2033, growing at a CAGR of 5.60% during the forecast period (2025-2033).
The latest Global Metalized Films Market by straits research provides an in-depth analysis of the Metalized Films Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Metalized Films Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.
Competitive Landscape
Some of the prominent key players operating in the Metalized Films Market are
Jindal Poly Films Limited (India)
Cosmo Films Ltd. (India)
DUNMORE Corporation(the U.S.)
Sierra Coating Technologies LLC(the U.S.)
Flex-Film International BV (the Netherlands)
Avery Dennison Corp (the U.S.)
PolinasPlastikSanayiveTicaret A.S.(Turkey)
Accrued Plastic Ltd. (the U.K.)
POLIFILM Group(Germany)
Invico S.A.(Poland)
Manucor S.p.A.(Italy)
Taghleef Industries Group(the UAE)
KlöcknerPentaplast Ltd(the U.K.)
Innovia Films Ltd. (the U.K.)
JolybarFilmtechnic Converting 1987 Ltd.(Israel)
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The Metalized Films Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Metalized Films Market: Segmentation
The Metalized Films Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.
By Material
Polypropylene (PP)
Polyethylene Terephthalate (PET)
By Metal
Aluminum
Copper
By End-Use
Packaging
Decoration
Electronics
Stay ahead of the competition with our in-depth analysis of the market trends!
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Market Highlights:
A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.
Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)
Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.
Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.
Goals of the Study
What is the overall size and scope of the Metalized Films Market market?
What are the key trends currently influencing the market landscape?
Who are the primary competitors operating within the Metalized Films Market market?
What are the potential growth opportunities for companies in this market?
What are the major challenges or obstacles the market is currently facing?
What demographic segments are primarily targeted in the Metalized Films Market market?
What are the prevailing consumer preferences and behaviors within this market?
What are the key market segments, and how do they contribute to the overall market share?
What are the future growth projections for the Metalized Films Market market over the next several years?
How do regulatory and legal frameworks influence the market?
About��Straits Research
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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Email: [email protected]
Tel: UK: +44 203 695 0070, USA: +1 646 905 0080
#Metalized Films Market Market#Metalized Films Market Market Share#Metalized Films Market Market Size#Metalized Films Market Market Research#Metalized Films Market Industry#What is Metalized Films Market?
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Antimicrobial Additives Market: A Look at the Global Competitive Landscape
The global antimicrobial additives market was valued at USD 3.11 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2030. This growth is expected to be driven by several factors, including the rapidly growing population, urbanization, and heightened health awareness, especially in emerging economies in the Asia-Pacific region. These factors are likely to support various end-use industries, resulting in an increased demand for antimicrobial additives during the forecast period.
The demand for antimicrobial additives is anticipated to rise primarily in the healthcare and packaging sectors. This is largely due to the growing need for products that can help address global health concerns, such as the COVID-19 pandemic. The increased production and consumption of healthcare and packaging products designed to combat the spread of the virus will positively influence the antimicrobial additives market, particularly in the plastics segment. In addition, the Asia-Pacific region is expected to lead the demand for antimicrobial additives, owing to its significant presence of healthcare product manufacturers.
Within the antimicrobial additives market, the healthcare segment has seen the highest level of penetration, accounting for the largest share of revenue. This can be attributed to the strong demand for antimicrobial additives used in the production of infection-preventing and sterilized medical products, such as surgical tubing, cables, and orthopedic sutures. Furthermore, the growing health consciousness among consumers, the increasing elderly population in countries like Japan, China, and the U.S., and the rising demand for high-quality medical equipment are expected to further drive the market for antimicrobial additives.
Gather more insights about the market drivers, restrains and growth of the Antimicrobial Additives Market
Regional Insights: Antimicrobial Additives Market
Asia Pacific
Asia Pacific holds the dominant position in the global antimicrobial additives market, contributing over 38.0% to the total global revenue in 2023. This significant market share is driven by the robust growth of key end-use industries such as automotive, healthcare, construction, food and beverage, and packaging. Several factors are contributing to the expansion of antimicrobial additives in this region:
1. Automotive Industry:
The automotive industry in countries like China, Japan, and India is a major factor propelling market growth. These countries have strong manufacturing bases for vehicles, and the increasing sales of passenger vehicles are expected to further boost the demand for antimicrobial additives in automotive applications. In particular, antimicrobial additives are utilized in vehicle interiors, seat fabrics, and other components to improve hygiene and prevent microbial growth.
Additionally, favorable government policies, such as foreign direct investments (FDI) and the Make in India initiative in India, are expected to provide ample growth opportunities for the automobile industry. This, in turn, will likely increase the consumption of antimicrobial additives in the region.
2. Industrial Expansion:
The industrialization across Asia Pacific is another key driver. The growing demand for industrial machinery, equipment, and containers is expected to augment the use of antimicrobial additives in these sectors. As industries expand, antimicrobial additives are increasingly applied to prevent microbial contamination in various industrial applications.
3. Construction and Infrastructure:
The construction industry in emerging economies such as India and China is expanding rapidly. Both governments have been significantly increasing infrastructure spending, creating new opportunities for antimicrobial additives in building materials, paints, and coatings. These additives are often used in construction materials to enhance the durability and hygiene of buildings and infrastructure.
4. Healthcare Sector:
The healthcare segment is a major driver of antimicrobial additive demand in Asia Pacific. The growing demand for syringes, surgical drapes, personal protective clothing (PPE), and other medical products that require antimicrobial properties to prevent infections is pushing up consumption. The pandemic increased the demand for such products, and the market for these healthcare items is expected to remain strong as the region recovers from COVID-19.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• The global self-healing polymers market size was estimated at USD 1.57 billion in 2023 and is expected to grow at a CAGR of 26.18% from 2024 to 2030.
• The global styrene butadiene rubber market size was valued at USD 46.46 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030.
Key Antimicrobial Additives Companies
Several prominent companies are leading the antimicrobial additives market in Asia Pacific, leveraging both organic and inorganic strategies such as capacity expansion, mergers & acquisitions, and joint ventures to expand their market share. These companies focus on innovation and new product developments to cater to the growing demand in various industries.
For example, in March 2023, IFF, a renowned player in the food and beverage sector, announced a strategic partnership with Grupo Drul to distribute FermaSure XL in Brazil, signaling the importance of market expansion and strategic alliances to tap into new regions.
The following are the key companies driving growth in the antimicrobial additives market:
• NanoBioMatters Industries S.L.
• BASF SE
• RTP Company
• Milliken Chemical
• BioCote Limited
• Microban International
• Clariant AG
• PolyOne Corporation
• Momentive Performance Materials Inc.
• Life Materials Technologies Limited
• SteriTouch Limited
• Sanitized AG
• Dow Inc.
• LyondellBasell Industries Holdings B.V.
• Plastics Color Corporation
• Lonza
Order a free sample PDF of the Antimicrobial Additives Market Intelligence Study, published by Grand View Research.
#Antimicrobial Additives Market#Antimicrobial Additives Market Analysis#Antimicrobial Additives Market Report#Antimicrobial Additives Market Regional Insights
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Post-consumer Recycled Plastics Industry Revenue, Opportunity, Forecast Report 2030
The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic materials to reduce their environmental footprint. Additionally, the shift towards a circular economy where resources are reused and recycled rather than discarded is boosting the demand for PCR plastics across industries like packaging, textiles, and construction. Advanced recycling technologies that allow for high-quality recycled plastic production have further accelerated market growth.
For instance, in October 2023, Repsol S.A. collaborated with Signode Industrial Group LLC to launch a durable polypropylene (PP) strap containing 30% recycled content, designed for high-strength applications. Such innovations underscore the growing demand for PCR plastics across diverse sectors, including building & construction, packaging, electronics, textiles, and automotive, where PCR plastics are increasingly used as eco-friendly alternatives to conventional virgin plastics. The demand for PCR plastics is particularly high in construction activities within regions like China, India, the U.S., and Saudi Arabia, where various development projects, including residential and commercial buildings, affordable housing, and healthcare infrastructure, are on the rise.
Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market
One of the primary challenges for the PCR plastics market lies in managing waste and advancing plastic recycling technologies. High-income countries often export plastic waste to lower-income nations due to environmental and economic reasons, creating complex waste management issues. However, increasing governmental regulations targeting plastic waste reduction and disposal are positively impacting market growth. Many countries have banned single-use plastics, while others have introduced extended producer responsibility (EPR) programs, which require manufacturers to manage the end-of-life disposal of their products.
The stringent regulations governing the plastics industry encourage companies to invest in recycling technology advancements and quality control measures to ensure that the recycled materials meet safety and sustainability standards. By adhering to these regulatory frameworks, companies can not only reduce their environmental impact but also enhance customer trust and support sustainable innovation.
Source Segmentation Insights:
In terms of source material, the plastic bottles segment led the market in 2023, capturing a substantial revenue share. Plastic bottles are among the most common sources of PCR plastics, as they are widely used in packaging for beverages, cleaning products, cosmetics, and other goods. Due to the large volume of discarded plastic bottles, they serve as a readily available raw material for recycling processes. Additionally, heightened awareness about sustainability and the need to reduce plastic waste is expected to drive further growth in this segment.
Government regulations promoting plastic recycling worldwide also contribute to the adoption of plastic bottle recycling, thereby increasing PCR plastic production from this source. As a result, the demand for recycling plastic bottles is likely to remain strong.
The non-bottle rigid plastics segment is anticipated to grow at a CAGR of 10.4% during the forecast period. This category includes durable and non-durable plastic items such as pallets, crates, carts, 5-gallon buckets, electronic housings, dairy and deli containers, lids, yogurt cups, jars, and other similar food packaging. The diversity and wide use of non-bottle rigid plastics in various industries make them a valuable source for recycling, further supporting the growth of the PCR plastics market.
Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.
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Post-consumer Recycled Plastics Market 2030 Size, Share, Business Growth, Demand and Applications
The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic materials to reduce their environmental footprint. Additionally, the shift towards a circular economy where resources are reused and recycled rather than discarded is boosting the demand for PCR plastics across industries like packaging, textiles, and construction. Advanced recycling technologies that allow for high-quality recycled plastic production have further accelerated market growth.
For instance, in October 2023, Repsol S.A. collaborated with Signode Industrial Group LLC to launch a durable polypropylene (PP) strap containing 30% recycled content, designed for high-strength applications. Such innovations underscore the growing demand for PCR plastics across diverse sectors, including building & construction, packaging, electronics, textiles, and automotive, where PCR plastics are increasingly used as eco-friendly alternatives to conventional virgin plastics. The demand for PCR plastics is particularly high in construction activities within regions like China, India, the U.S., and Saudi Arabia, where various development projects, including residential and commercial buildings, affordable housing, and healthcare infrastructure, are on the rise.
Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market
One of the primary challenges for the PCR plastics market lies in managing waste and advancing plastic recycling technologies. High-income countries often export plastic waste to lower-income nations due to environmental and economic reasons, creating complex waste management issues. However, increasing governmental regulations targeting plastic waste reduction and disposal are positively impacting market growth. Many countries have banned single-use plastics, while others have introduced extended producer responsibility (EPR) programs, which require manufacturers to manage the end-of-life disposal of their products.
The stringent regulations governing the plastics industry encourage companies to invest in recycling technology advancements and quality control measures to ensure that the recycled materials meet safety and sustainability standards. By adhering to these regulatory frameworks, companies can not only reduce their environmental impact but also enhance customer trust and support sustainable innovation.
Source Segmentation Insights:
In terms of source material, the plastic bottles segment led the market in 2023, capturing a substantial revenue share. Plastic bottles are among the most common sources of PCR plastics, as they are widely used in packaging for beverages, cleaning products, cosmetics, and other goods. Due to the large volume of discarded plastic bottles, they serve as a readily available raw material for recycling processes. Additionally, heightened awareness about sustainability and the need to reduce plastic waste is expected to drive further growth in this segment.
Government regulations promoting plastic recycling worldwide also contribute to the adoption of plastic bottle recycling, thereby increasing PCR plastic production from this source. As a result, the demand for recycling plastic bottles is likely to remain strong.
The non-bottle rigid plastics segment is anticipated to grow at a CAGR of 10.4% during the forecast period. This category includes durable and non-durable plastic items such as pallets, crates, carts, 5-gallon buckets, electronic housings, dairy and deli containers, lids, yogurt cups, jars, and other similar food packaging. The diversity and wide use of non-bottle rigid plastics in various industries make them a valuable source for recycling, further supporting the growth of the PCR plastics market.
Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.
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Post-consumer Recycled Plastics Market 2030 Size Outlook, Growth Insight, Share, Trends
The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic materials…
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Biodegradable Polymers Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players
The biodegradable polymers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Biodegradable Polymers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The biodegradable polymers market size has grown rapidly in recent years. It will grow from $6.58 billion in 2023 to $7.78 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to growth in e-commerce, growth in the healthcare sector, growth in initiatives promoting circular economy practices, rise in demand from the cosmetics industry, and increasing investments in research and development.
The biodegradable polymers market size is expected to see rapid growth in the next few years. It will grow to $15.35 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to increasing industrialization, growing demand for eco-friendly materials, rising packaging industry, increasing demand for sustainable packaging, and increasing environmental regulations. Major trends in the forecast period include technological advancements, adoption of life cycle assessments, hybrid materials, 3D printing, and algae-based biodegradable polymers.
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The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The expansion of the agricultural sectors is expected to propel the growth of the biodegradable polymer market going forward. Agricultural sectors refer to the various segments of agriculture, including crop production, livestock farming, forestry, fisheries, and agribusiness, each focused on producing food, raw materials, and related products. Agricultural sectors are expanding due to rising global demand for food driven by population growth, advancements in farming technologies, increased investment in sustainable practices, and the growing need for bio-based materials. Biodegradable polymers are required in agricultural sectors to reduce plastic waste, improve soil health, and promote sustainability by providing eco-friendly alternatives for products such as mulch films, seed coatings, and packaging. For instance, in September 2024, according to a report published by the United States Department of Agriculture, a US-based government agency, agriculture, food, and related industries contributed approximately $1.53 trillion to the U.S. gross domestic product (GDP) in 2023, representing 5.6 % of the total. Therefore, expanding the agricultural sectors is driving the growth of the biodegradable polymer market.
Market Trends - Major companies operating in the biodegradable polymers market are focused on developing soil conditioners to improve soil structure, enhance water retention, boost nutrient availability, and promote better root development. A soil conditioner is a material added to soil to improve its physical characteristics, including structure, water retention, and nutrient availability, promoting plant growth and improving soil health. For instance, in August 2024, Hydroplan-EB, a UK-based manufacturer of biodegradable polymers and superabsorbent polymers, launched HYB PLUS biodegradable polymer. Hydroplan-EB's biodegradable polymers are designed with additives that enhance rooting and promote successful establishment during planting and transplanting. These polymers improve initial plant development while minimizing the need for replanting. Key benefits include elevated nitrogen levels, organic carbon, and enzymes that help mitigate the physiological stress often associated with transplanting.
The biodegradable polymers market covered in this report is segmented –
1) By Type: Starch-Based, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters, Cellulose Derivatives 2) By Substrate: Paper And Paperboard, Cellulose Films, Other Substrates 3) By Application: Agriculture, Textile, Consumer Goods, Packaging, Healthcare, Other Applications
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Regional Insights - Asia-Pacific was the largest region in the biodegradable polymers market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable polymers marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the biodegradable polymers marker are BASF SE, Mitsubishi Chemical Group Corporation, Merck Group, Evonik Industries AG, Solvay S.A., Koninklijke DSM N.V., Smurfit Kappa Group plc, Sulzer Ltd., Toyobo Co. Ltd., Corbion N.V., Green Dot Bioplastics Inc., Kaneka Belgium N.V., Danimer Scientific Inc., Polysciences Inc., Sulapac Ltd., TIPA Corp Ltd., Natur-Tec, TotalEnergies Corbion B.V., BioBag International AS, Futerro S.A., Cereplast Inc.
Table of Contents 1. Executive Summary 2. Biodegradable Polymers Market Report Structure 3. Biodegradable Polymers Market Trends And Strategies 4. Biodegradable Polymers Market – Macro Economic Scenario 5. Biodegradable Polymers Market Size And Growth ….. 27. Biodegradable Polymers Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Transparent Polyamides Market Expansion in Consumer Goods and Industrial Applications
Transparent Polyamides Market Growth Strategic Market Overview and Growth Projections
The global transparent polyamides market size was valued at USD 1.8 billion in 2022 and is projected to reach USD 2.9 billion by 2031, registering a CAGR of 5.6% during the forecast period (2023-2031).
The latest Global Transparent Polyamides Market by straits research provides an in-depth analysis of the Transparent Polyamides Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Transparent Polyamides Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.
Competitive Landscape
Some of the prominent key players operating in the Transparent Polyamides Market are
Evonik Industries AG (Germany)
EMS-CHEMIE HOLDING AG (Switzerland)
BASF SE (Germany)
Arkema (France)
DSM Engineering Plastics BV (the Netherlands)
GEHR Plastics Inc (US)
DuPont de Nemours Inc (US)
LANXESS (Germany)
Solvay (Belgium)
INVISTA (US).
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The Transparent Polyamides Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Transparent Polyamides Market: Segmentation
The Transparent Polyamides Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.
By Type
Polyamide 6
Polyamide 66
Polyamide 12
Bio-based Polyamide
Others
By End-Use Industry
Automotive
Electrical and Electronics
Healthcare
Consumer Goods
Packaging
Sports and Leisure
Others
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Market Highlights:
A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.
Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)
Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.
Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.
Goals of the Study
What is the overall size and scope of the Transparent Polyamides Market market?
What are the key trends currently influencing the market landscape?
Who are the primary competitors operating within the Transparent Polyamides Market market?
What are the potential growth opportunities for companies in this market?
What are the major challenges or obstacles the market is currently facing?
What demographic segments are primarily targeted in the Transparent Polyamides Market market?
What are the prevailing consumer preferences and behaviors within this market?
What are the key market segments, and how do they contribute to the overall market share?
What are the future growth projections for the Transparent Polyamides Market market over the next several years?
How do regulatory and legal frameworks influence the market?
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Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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#Transparent Polyamides Market Market#Transparent Polyamides Market Market Share#Transparent Polyamides Market Market Size#Transparent Polyamides Market Market Research#Transparent Polyamides Market Industry#What is Transparent Polyamides Market?
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Electric Vehicle Plastics Market: An In-Depth Exploration and its Contribution to a Circular Automotive Industry
The global electric vehicle plastics market size was estimated at USD 13.33 billion in 2030 and is anticipated to grow at a compound annual growth rate (CAGR) of 28.0% from 2024 to 2030. The industry is projected to witness significant growth in terms of consumption, on account of high application scope and increasing demand from the growing population. The Polypropylene (PP) resin demand in the Asia Pacific region is estimated to grow at the fastest CAGR over the forecast period. Strong government support & initiatives regarding emissions and increasing investment by manufacturers are propelling the growth of the region.
Electric Vehicle Plastics Market Report Highlights
The Asia Pacific region is estimated to grow at the fastest CAGR from 2022 to 2030. Increasing demand from the growing population coupled with environmental concerns among others are anticipated to drive market growth in the region
The battery segment is anticipated to register the fastest CAGR from 2022 to 2030. Batteries are one of the significant components of an EV and, in comparison to combustion engines, battery vehicles do not produce any emissions and are eco-friendly. The growing demand for EVs has promising growth for EV batteries
The exterior application segment accounted for the largest revenue share in 2021 and is estimated to continue its dominance over the forecast period due to the high demand in aesthetics
The BEV vehicle type segment led the industry in 2021 and it is anticipated to continue growing over the forecast period as PHEVs have higher maintenance costs than BEVs
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Furthermore, EVs are efficient and require less maintenance as compared with traditional vehicles. These factors are expected to boost the demand for EVs, which is expected to drive the demand for plastics over the forecast period. Increasing utilization of plastics in EVs is anticipated to boost industry growth positively over the forecast period. Plastics have proven to perform well under harsh conditions through their resistance to shock, moisture, oxidation, and further maintaining their chemical and mechanical properties. Plastics will be crucial material for manufacturing lightweight and energy-efficient EVs. Based on resin type, PP is expected to witness major demand during the projected years.
Polypropylene is used in many components of the vehicle including bumpers, carpet fibers, cable insulation, and others. Properties, such as good heat, chemical & fatigue resistance, and others, are anticipated to drive the demand for PP in the industry. Major manufacturers are adopting expansion strategies, such as new product development, production facility expansions, mergers & acquisitions, and joint ventures. For instance, in October 2021, DuPont launched a new extension of its existing Zytel HTN range, named as Zytel 500 series. These products are developed to provide enhanced retention properties in e-mobility oils, electrically friendly characteristics, and a high Comparative Tracking Index (CTI).
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#EV Plastics#Electric Vehicles#Sustainable Driving#Eco-Friendly Cars#Electric Vehicle Tech#Clean Transportation#Green Mobility#EV Innovation#Plastics In EVs#Future Of Transport#Sustainable Materials#Eco Auto Design#EV Manufacturing#Polymer Innovation#Zero Emission Vehicles#Green Tech Auto#Cleantech Plastics#EV Design#Eco-Friendly Plastics#Circular Auto Economy
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Electronic Adhesives Market - Forecast (2024-2030)
Electronic Adhesives Market Overview
Electronic Adhesives Market Size is forecast to reach $ 6,820 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Electronic adhesives are used for circuit protection and electronic assembly applications such as bonding components, wire tacking, and encapsulating electronic components. The use of electronic adhesives in manufacturing components for electric vehicles such as printed circuit boards, lithium-ion batteries, and battery pack assemblies are facilitating growth of the market. Growing adoption of surface mounting technology to replace welding and soldering is one of the prominent trends in the electronics industry, shaping the demand for electronics adhesives.
Report Coverage
The report: “Electronic Adhesives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Adhesives Industry.
By Type: Thermal Conductive, Electrically Conductive, Ultraviolet-Curing and Others.
By Resin Type: Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, and Others (Acrylics, and Polyurethane)
By Application: PCB’s, Semiconductor, and Others
By End-User Industry: Consumer Electronic (Wearable Devices, LEDs & TVs, Smart Phones & Tablets, Computers, Laptops, and Others), Healthcare, Energy & Power (Solar, Wind, and Others), Telecom Industry, Transportation (Automotive (Passenger Vehicles, Light Commercial and Heavy Commercial Vehicles), Marine, Locomotive, and Aerospace), Oil & Gas, Chemical, Pulp & Paper, and Others.
By Geography: North America, South America, Europe, APAC, and RoW
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Key Take away
In 2020, North America held the largest share after APAC. Due to growing demand for electronic adhesives in electronics and telecommunication industry. The US hold the largest share in the region over the forecast period.
Growing adoption of electric vehicles is expected to provide a major growth opportunity for the market.
Emission of Volatile Organic Compounds (VOC’s) may deter the market's growth during the forecasted period.
COVID-19 has hindered the market growth owing to the disruption of supply chain and worldwide lockdown.
Electronic Adhesives Market Segment Analysis - By Type
Electrically Conductive segment held the largest share of more than 30% in the electronics adhesives market in 2020. Electrically Conductive are used in various industry verticals such as aerospace, automotive, medical, and telecom products. Electrically conductive is an excellent solution for making electrical contacts on PCBs and other temperature-sensitive substrates, as their curing temperature is below the soldering temperature. An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connections, PCBs, and bonding antenna structures further boost the demand for the market. Electric conductive are also used in the LED industry for their capacity to serve as stable electrical contacts by absorbing mismatches, which will likely boost the market's growth for the forecasted period.
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Electronic Adhesives Market Segment Analysis - By Resin Type
Epoxy segments held the largest share of more than 25% in the market in 2020. Epoxy is widely used in electronic applications, either in two-part or single-part heat cure products. Epoxy has good resilience against environmental and media influences, it has a dry and non-tacky surface which is perfect to be used as a protective coating and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other. Curing epoxy adhesives can take place either at room or elevated temperature or through photoinitiators and UV light. Modern photoinitiators also react to the special UV spectrum of LED light sources, so that newly developed epoxide resin adhesives can be cured with both UV and UV LED light. Some epoxies exhibit optical properties and diffraction indexes, making them useful for applications in precision optics, lens bonding, and information technology, which will further boost the market's growth.
Electronic Adhesives Market Segment Analysis - By Application
Printed Circuit Boards (PCBs) segment held the largest share of more than 35% in the market in 2020. Electronic adhesives are used as a conformal coating in PCBs. Adhesive is used in wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. PCBs are highly reliable, cheap, less chance of short circuit, easily repairable, and are compact in size. The growing uses of laptops, smartphones, and household appliances coupled with developing living standards further drive the growth of PCB. Whereas, the growing uses of PCB’s in automotive, industrial & power equipment, control & navigation systems, and aerospace monitoring also contribute to the market growth. According to Aerospace Industries Association (AIA) report, in 2018, aerospace and defense exports amounted to $151 billion, an increase of 5.81% from the previous year, and civil aerospace accounted for the majority of exports with $131.5 billion.
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Electronic Adhesives Market Segment Analysis - By End-User Industry
Consumer Electronics segment held the largest share of more than 30% in the Electronic Adhesives Market in 2020. Rapid urbanization and increase in the development of new technology have propelled the demand for consumer electronics. As per the United Nations, 55% of the world’s population lives in urban areas, which propel the demand for consumer electronics. The growing demand for lightweight and portable equipment such as smartphones, laptops, and digital cameras are playing a significant role in boosting the demand for the market. As per a report released by Nexdigm Private Limited, a private company, the global electronics industry is expected to reach $7.3 trillion by 2025, which will significantly propel the demand for the market during the forecasted period.
Electronic Adhesives Market Segment Analysis - By Geography
Asia-Pacific held the largest share of more than 45% in the Electronic Adhesives Market in 2020. China, India, and Japan are the major contributors to the growth of Electronic Adhesives Market in APAC. The large consumer base, developing manufacturing sector, and increase in middle-class population along with smart city projects are major factors for the market growth. As per the Indian Brand Equity Foundation (IBEF) report released in 2020, electronics manufacturing in India is expected to reach $163.14 billion by 2025, and demand for electronics hardware in India is expected to reach US$ 400 billion by 2024. The shifting of production lines to the APAC region for the low cost of production and the ability to serve the local emerging market is another factor for the growth of the market in the region.
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Electronic Adhesive Market Drivers
Growing Need for Miniaturized Electronic Products
Growing demand for low-cost, reliable, and miniaturized electronic devices from consumers propel the market's growth. The increasing demand for miniaturized products has led to the development of smaller electrical components, which occupy less area. The need for smaller and thinner consumer electronics devices is a new trend among consumers. The surface mount technology helps in using and assembling much smaller components, thus facilitating a smaller, portable, and lightweight electronic device. Pocket calculators, smartwatches & other wearable devices are some of the examples. Such miniature devices will further drive the demand for electronic devices and in return will boost the demand for the Electronic Adhesives Market as they are used in manufacturing these devices.
Introduction of 5G Network
Introduction 5G networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Introduction of 5G will boost the telecommunication industry, with better coverage, and internet speed, which also create a demand for Electronic Adhesives Market as they are used in manufacturing telecom devices. 5G will transmit data ten times faster than 4G and is set to take hold in 2020. This will spark a revolution in many industries such as electronic, energy, medical, automotive, defense, aerospace and others, which will boost the market's growth. 5G will impact the viewing experience for consumer, with its VR & AR which will further boost the demand for consumer electronic industry, which in return will boost the demand for electronic adhesive market.
Electronic Adhesive Market Challenges
Technological Changes & VOC Emission
The market is facing challenges due to technological changes. Shorter leads can damage temperature-delicate components in several applications and to overcome such obstacles electrical components should be assembled after soldering. However, this hampers productivity due to higher costs of production and time consumed in the manufacturing process. Growing concern over the emission of volatile organic compounds (VOCs) is expected to hamper the market growth over the coming years. During the manufacturing of electronics adhesives, VOC is discharged that may pose health and environmental concerns. VOCs are the major contributors to smog and ozone formation at low atmospheric levels.
Emergence of COVID 19
The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. And the Electronic Adhesives Market was no exceptional, as the global production facilities of the electronics, parts have been reduced due to the logistics slowdown and unavailability of the workers. Furthermore, various e-commerce sites had discontinued the delivery of non-essential items which included electronics devices, which affected the electronic industry.
Electronic Adhesive Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electronic Adhesives Market. In 2020, the market of electronic adhesives has been consolidated by the top 10 players accounting for xx% of the share. Major players in the Electronic Adhesives Market are BASF SE, Panacol-Elosol GmbH, 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Hitachi, Ltd., Mitsui & Co., Ltd., Bostik, Inc., Chemence Inc., tesa SE, Parker Hannifin Corp., Meridian Adhesives Group, among others.
Acquisitions/Technology Launches
In November 2019, Bostik, Inc., announced it has launched a new range of innovative engineering adhesives Born2Bond™, for bonding applications in automotive, electronics, luxury packaging, and medical devices. With this new launch Bostik will not only expand its product portfolio but also expand it offering to various industries, which will further drive the market's growth.
In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies has announced that the “Company” would be serving the Electric Vehicles Market and provide its adhesive solution, with this announcement Meridian Adhesives would expand its product offering in automobile industry, which will further derive the market's growth.
Key Market Players:
The Top 5 companies in Electronic Adhesives Market are:
Panacol-Elosol GmbH
3M
H.B. Fuller Company
Henkel AG & Co.KGaA
Parker Hannifin Corp.
#Electronic Adhesives Market Size#Electronic Adhesives Market Trends#Electronic Adhesives Market Growth#Electronic Adhesives Market Forecast#Electronic Adhesives Market Revenue#Electronic Adhesives Market Vendors#Electronic Adhesives Market Share#Electronic Adhesives Market
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Dock Floats Market market Size, Business Revenue And Growth Trends 2024-2032
The global dock floats market was valued at USD 659.2 million in 2023 and is projected to reach a value of USD 1,104.3 million by 2032, registering a CAGR of 5.9% during the forecast period (2024–2022).
The latest Global Dock Floats Market by straits research provides an in-depth analysis of the Dock Floats Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Dock Floats Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.
Competitive Landscape
Some of the prominent key players operating in the Dock Floats Market are
SF Marina System, USA
Marinetek
Bellingham Marine Industries
MEECO SULLIVAN
The Marina Company
Walcon Marine
Wahoo Docks
MariCorp
U.S. TRANSPAC MARINAS, INC.
CANDOCK
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The Dock Floats Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Dock Floats Market: Segmentation
The Dock Floats Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.
By Material
Wood
Metal
Plastics and Composites
Concrete
By Application
Residential
Commercial
Industrial
Government
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Market Highlights:
A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.
Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)
Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.
Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.
Goals of the Study
What is the overall size and scope of the Dock Floats Market market?
What are the key trends currently influencing the market landscape?
Who are the primary competitors operating within the Dock Floats Market market?
What are the potential growth opportunities for companies in this market?
What are the major challenges or obstacles the market is currently facing?
What demographic segments are primarily targeted in the Dock Floats Market market?
What are the prevailing consumer preferences and behaviors within this market?
What are the key market segments, and how do they contribute to the overall market share?
What are the future growth projections for the Dock Floats Market market over the next several years?
How do regulatory and legal frameworks influence the market?
About Straits Research
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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