#Textile Recycling Market 2030

[neha24blog]

Textile Recycling Market Outlook On The Basis Of Material, Source, Process, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 8 Sep 2023: The Report Textile Recycling Market Size, Share & Trends Analysis Report By Material (Cotton, Polyester, Wool, Polyamide), By Source (Apparel Waste), By Process (Mechanical), By Region, And Segment Forecasts, 2023 – 2030 The global textile recycling market size is expected to reach USD 5,962.7 million by 2030, expanding at a CAGR of 3.2% from 2023 to 2030, according to…

[reasonsforhope]

"The Netherlands is pulling even further ahead of its peers in the shift to a recycling-driven circular economy, new data shows.

According to the European Commission’s statistics office, 27.5% of the material resources used in the country come from recycled waste.

For context, Belgium is a distant second, with a “circularity rate” of 22.2%, while the EU average is 11.5% – a mere 0.8 percentage point increase from 2010.

“We are a frontrunner, but we have a very long way to go still, and we’re fully aware of that,” Martijn Tak, a policy advisor in the Dutch ministry of infrastructure and water management, tells The Progress Playbook. 

The Netherlands aims to halve the use of primary abiotic raw materials by 2030 and run the economy entirely on recycled materials by 2050. Amsterdam, a pioneer of the “doughnut economics” concept, is behind much of the progress.

Why it matters

The world produces some 2 billion tonnes of municipal solid waste each year, and this could rise to 3.4 billion tonnes annually by 2050, according to the World Bank.

Landfills are already a major contributor to planet-heating greenhouse gases, and discarded trash takes a heavy toll on both biodiversity and human health.

“A circular economy is not the goal itself,” Tak says. “It’s a solution for societal issues like climate change, biodiversity loss, environmental pollution, and resource-security for the country.”

A fresh approach

While the Netherlands initially focused primarily on waste management, “we realised years ago that’s not good enough for a circular economy.”

In 2017, the state signed a “raw materials agreement” with municipalities, manufacturers, trade unions and environmental organisations to collaborate more closely on circular economy projects.

It followed that up with a national implementation programme, and in early 2023, published a roadmap to 2030, which includes specific targets for product groups like furniture and textiles. An English version was produced so that policymakers in other markets could learn from the Netherlands’ experiences, Tak says.

The programme is focused on reducing the volume of materials used throughout the economy partly by enhancing efficiencies, substituting raw materials for bio-based and recycled ones, extending the lifetimes of products wherever possible, and recycling.

It also aims to factor environmental damage into product prices, require a certain percentage of second-hand materials in the manufacturing process, and promote design methods that extend the lifetimes of products by making them easier to repair.

There’s also an element of subsidisation, including funding for “circular craft centres and repair cafés”.

This idea is already in play. In Amsterdam, a repair centre run by refugees, and backed by the city and outdoor clothing brand Patagonia, is helping big brands breathe new life into old clothes.

Meanwhile, government ministries aim to aid progress by prioritising the procurement of recycled or recyclable electrical equipment and construction materials, for instance.

State support is critical to levelling the playing field, analysts say...

Long Road Ahead

The government also wants manufacturers – including clothing and beverages companies – to take full responsibility for products discarded by consumers.

“Producer responsibility for textiles is already in place, but it’s work in progress to fully implement it,” Tak says.

And the household waste collection process remains a challenge considering that small city apartments aren’t conducive to having multiple bins, and sparsely populated rural areas are tougher to service.

“Getting the collection system right is a challenge, but again, it’s work in progress.”

...Nevertheless, Tak says wealthy countries should be leading the way towards a fully circular economy as they’re historically the biggest consumers of natural resources."

-via The Progress Playbook, December 13, 2023

[mariacallous]

In 2023, the fast-fashion giant Shein was everywhere. Crisscrossing the globe, airplanes ferried small packages of its ultra-cheap clothing from thousands of suppliers to tens of millions of customer mailboxes in 150 countries. Influencers’ “#sheinhaul” videos advertised the company’s trendy styles on social media, garnering billions of views.

At every step, data was created, collected, and analyzed. To manage all this information, the fast fashion industry has begun embracing emerging AI technologies. Shein uses proprietary machine-learning applications — essentially, pattern-identification algorithms — to measure customer preferences in real time and predict demand, which it then services with an ultra-fast supply chain.

As AI makes the business of churning out affordable, on-trend clothing faster than ever, Shein is among the brands under increasing pressure to become more sustainable, too. The company has pledged to reduce its carbon dioxide emissions by 25 percent by 2030 and achieve net-zero emissions no later than 2050.

But climate advocates and researchers say the company’s lightning-fast manufacturing practices and online-only business model are inherently emissions-heavy — and that the use of AI software to catalyze these operations could be cranking up its emissions. Those concerns were amplified by Shein’s third annual sustainability report, released late last month, which showed the company nearly doubled its carbon dioxide emissions between 2022 and 2023.

“AI enables fast fashion to become the ultra-fast fashion industry, Shein and Temu being the fore-leaders of this,” said Sage Lenier, the executive director of Sustainable and Just Future, a climate nonprofit. “They quite literally could not exist without AI.” (Temu is a rapidly rising ecommerce titan, with a marketplace of goods that rival Shein’s in variety, price, and sales.)

In the 12 years since Shein was founded, it has become known for its uniquely prolific manufacturing, which reportedly generated over $30 billion of revenue for the company in 2023. Although estimates vary, a new Shein design may take as little as 10 days to become a garment, and up to 10,000 items are added to the site each day. The company reportedly offers as many as 600,000 items for sale at any given time with an average price tag of roughly $10. (Shein declined to confirm or deny these reported numbers.) One market analysis found that 44 percent of Gen Zers in the United States buy at least one item from Shein every month.

That scale translates into massive environmental impacts. According to the company’s sustainability report, Shein emitted 16.7 million total metric tons of carbon dioxide in 2023 — more than what four coal power plants spew out in a year. The company has also come under fire for textile waste, high levels of microplastic pollution, and exploitative labor practices. According to the report, polyester — a synthetic textile known for shedding microplastics into the environment — makes up 76 percent of its total fabrics, and only 6 percent of that polyester is recycled.

And a recent investigation found that factory workers at Shein suppliers regularly work 75-hour weeks, over a year after the company pledged to improve working conditions within its supply chain. Although Shein’s sustainability report indicates that labor conditions are improving, it also shows that in third-party audits of over 3,000 suppliers and subcontractors, 71 percent received a score of C or lower on the company’s grade scale of A to E — mediocre at best.

Machine learning plays an important role in Shein’s business model. Although Peter Pernot-Day, Shein’s head of global strategy and corporate affairs, told Business Insider last August that AI was not central to its operations, he indicated otherwise during a presentation at a retail conference at the beginning of this year.

“We are using machine-learning technologies to accurately predict demand in a way that we think is cutting edge,” he said. Pernot-Day told the audience that all of Shein’s 5,400 suppliers have access to an AI software platform that gives them updates on customer preferences, and they change what they’re producing to match it in real time.

“This means we can produce very few copies of each garment,” he said. “It means we waste very little and have very little inventory waste.” On average, the company says it stocks between 100 to 200 copies of each item — a stark contrast with more conventional fast-fashion brands, which typically produce thousands of each item per season, and try to anticipate trends months in advance. Shein calls its model “on-demand,” while a technology analyst who spoke to Vox in 2021 called it “real-time” retail.

At the conference, Pernot-Day also indicated that the technology helps the company pick up on “micro trends” that customers want to wear. “We can detect that, and we can act on that in a way that I think we’ve really pioneered,” he said. A designer who filed a recent class action lawsuit in a New York District Court alleges that the company’s AI market analysis tools are used in an “industrial-scale scheme of systematic, digital copyright infringement of the work of small designers and artists,” that scrapes designs off the internet and sends them directly to factories for production.

In an emailed statement to Grist, a Shein spokesperson reiterated Peter Pernot-Day’s assertion that technology allows the company to reduce waste and increase efficiency and suggested that the company’s increased emissions in 2023 were attributable to booming business. “We do not see growth as antithetical to sustainability,” the spokesperson said.

An analysis of Shein’s sustainability report by the Business of Fashion, a trade publication, found that last year, the company’s emissions rose at almost double the rate of its revenue — making Shein the highest-emitting company in the fashion industry. By comparison, Zara’s emissions rose half as much as its revenue. For other industry titans, such as H&M and Nike, sales grew while emissions fell from the year before.

Shein’s emissions are especially high because of its reliance on air shipping, said Sheng Lu, a professor of fashion and apparel studies at the University of Delaware. “AI has wide applications in the fashion industry. It’s not necessarily that AI is bad,” Lu said. “The problem is the essence of Shein’s particular business model.”

Other major brands ship items overseas in bulk, prefer ocean shipping for its lower cost, and have suppliers and warehouses in a large number of countries, which cuts down on the distances that items need to travel to consumers.

According to the company’s sustainability report, 38 percent of Shein’s climate footprint comes from transportation between its facilities and to customers, and another 61 percent come from other parts of its supply chain. Although the company is based in Singapore and has suppliers in a handful of countries, the majority of its garments are produced in China and are mailed out by air in individually addressed packages to customers. In July, the company sent about 900,000 of these to the US every day.

Shein’s spokesperson told Grist that the company is developing a decarbonization road map to address the footprint of its supply chain. Recently, the company has increased the amount of inventory it stores in US warehouses, allowing it to offer American customers quicker delivery times, and increased its use of cargo ships, which are more carbon-efficient than cargo planes.

“Controlling the carbon emissions in the fashion industry is a really complex process,” Lu said, adding that many brands use AI to make their operations more efficient. “It really depends on how you use AI.”

There is research that indicates using certain AI technologies could help companies become more sustainable. “It’s the missing piece,” said Shahriar Akter, an associate dean of business and law at the University of Wollongong in Australia. In May, Akter and his colleagues published a study finding that when fast-fashion suppliers used AI data management software to comply with big brands’ sustainability goals, those companies were more profitable and emitted less. A key use of this technology, Atker says, is to closely monitor environmental impacts, such as pollution and emissions. “This kind of tracking was not available before AI-based tools,” he said.

Shein told Grist it does not use machine-learning data management software to track emissions, which is one of the uses of AI included in Akter’s study. But the company’s much-touted usage of machine-learning software to predict demand and reduce waste is another of the uses of AI included in the research.

Regardless, the company has a long way to go before meeting its goals. Grist calculated that the emissions Shein reportedly saved in 2023 — with measures such as providing its suppliers with solar panels and opting for ocean shipping — amounted to about 3 percent of the company’s total carbon emissions for the year.

Lenier, from Sustainable and Just Future, believes there is no ethical use of AI in the fast-fashion industry. She said that the largely unregulated technology allows brands to intensify their harmful impacts on workers and the environment. “The folks who work in fast-fashion factories are now under an incredible amount of pressure to turn out even more, even faster,” she said.

Lenier and Lu both believe that the key to a more sustainable fashion industry is convincing customers to buy less. Lu said if companies use AI to boost their sales without changing their unsustainable practices, their climate footprints will also grow accordingly. “It’s the overall effect of being able to offer more market-popular items and encourage consumers to purchase more than in the past,” he said. “Of course, the overall carbon impact will be higher.”

[notwiselybuttoowell]

The Swedish pulp producer Renewcell has just opened the world's first commercial-scale, textile-to-textile chemical recycling pulp mill, after spending 10 years developing the technology.

While mechanical textiles-to-textiles recycling, which involves the manual shredding of clothes and pulling them apart into their fibres, has existed for centuries, Renewcell is the first commercial mill to use chemical recycling, allowing it to increase quality and scale production. With ambitions to recycle the equivalent of more than 1.4 billion T-shirts every year by 2030, the new plant marks the beginning of a significant shift in the fashion industry's ability to recycle used clothing at scale.

"The linear model of fashion consumption is not sustainable," says Renewcell chief executive Patrik Lundström. "We can't deplete Earth's natural resources by pumping oil to make polyester, cut down trees to make viscose or grow cotton, and then use these fibres just once in a linear value chain ending in oceans, landfills or incinerators. We need to make fashion circular." This means limiting fashion waste and pollution while also keeping garments in use and reuse for as long as possible by developing collection schemes or technologies to turn textiles into new raw materials.

Each year, more than 100 billion items of clothing are produced globally, according to some estimates, with 65% of these ending up in landfill within 12 months. Landfill sites release equal parts carbon dioxide and methane – the latter greenhouse gas being 28 times more potent than the former over a 100-year period. The fashion industry is estimated to be responsible for 8-10% of global carbon emissions, according to the UN.

Just 1% of recycled clothes are turned back into new garments. While charity shops, textiles banks and retailer "take-back" schemes help to keep those donated clothes in wearable condition in circulation, the capabilities of recycling clothes at end-of-life are currently limited. Many high street stores with take-back schemes, including Levi Strauss and H&M, operate a three-pronged system: resell (for example, to charity shops), re-use (convert into other products, such as cleaning cloths or mops) or recycle (into carpet underlay, insulation material or mattress filling – clothing is not listed as an option).

Much of the technical difficulty in recycling worn-out clothes back into new clothing comes down to their composition. The majority of clothes in our wardrobes are made from a blend of textiles, with polyester the most widely produced fibre, accounting for a 54% share of  total global fibre production, according to the global non-profit Textile Exchange. Cotton is second, with a market share of approximately 22%. The reason for polyester's prevalence is the low cost of fossil-based synthetic fibres, making them a popular choice for fast fashion brands, which prioritise price above all else – polyester costs half as much per kg as cotton. While the plastics industry has been able to break down pure polyester (PET) for decades, the blended nature of textiles has made it challenging to recycle one fibre, without degrading the other. (Read more about why clothes are so hard to recycle.)

By using 100% textile waste – mainly old T-shirts and jeans – as its feedstock, the Renewcell mill makes a biodegradable cellulose pulp they call Circulose. The textiles are first shredded and have buttons, zips and colouring removed. They then undergo both mechanical and chemical processing that helps to gently separate the tightly tangled cotton fibres from each other. What remains is pure cellulose.

[mordorintelligencemarketresearch]

The Textile Market: An Evolving Global Industry 

The textile market is one of the largest and most dynamic industries globally, playing a critical role in economies, employment, and trade. Spanning the production of raw materials like cotton and wool to the creation of finished goods such as apparel, home furnishings, and technical textiles, this market is defined by innovation, sustainability trends, and shifting consumer preferences. 

The textile market is projected to be valued at USD 774.33 billion in 2025 and is anticipated to grow to USD 920.55 billion by 2030, registering a CAGR of 3.52% during the forecast period (2025-2030). 

Overview of the Textile Market 

The textile industry encompasses the entire value chain, including fiber production, spinning, weaving, dyeing, and garment manufacturing. It caters to diverse sectors such as fashion, healthcare, automotive, and industrial applications. With increasing globalization, textile production has shifted to regions with cost advantages, while developed economies focus on high-value products, innovation, and sustainable practices. 

Major textile-producing countries include China, India, the United States, Bangladesh, and Vietnam. These nations dominate global production and exports, supplying raw materials and finished goods to markets worldwide. 

Key Drivers of the Textile Market 

1. Rising Consumer Demand 

The growing global population and rising disposable incomes, particularly in emerging economies, have significantly increased demand for apparel, home textiles, and technical textiles. 

2. Rapid Urbanization 

Urbanization has fueled a surge in demand for modern clothing, furnishings, and technical textiles for infrastructure development, such as geotextiles. 

3. Technological Advancements 

Innovations in textile manufacturing, such as automated weaving, 3D knitting, and smart textiles embedded with sensors, are revolutionizing the industry. These advancements enhance productivity, reduce costs, and enable the creation of high-performance fabrics. 

4. Growth in E-Commerce 

The rise of online shopping has transformed the textile market, enabling direct-to-consumer sales and reshaping the supply chain. E-commerce platforms have also facilitated the growth of niche and sustainable textile brands. 

5. Sustainability and Circular Economy 

Environmental concerns are driving the adoption of sustainable practices, such as recycling and the use of organic fibers. Consumers are increasingly opting for eco-friendly and ethically produced textiles, encouraging manufacturers to innovate in this space. 

Challenges Facing the Textile Market 

1. Environmental Impact 

The textile industry is one of the largest polluters globally, contributing to water pollution, greenhouse gas emissions, and waste. Addressing these issues requires significant investment in sustainable practices and technologies. 

2. Supply Chain Disruptions 

Global supply chains have faced disruptions due to geopolitical tensions, trade policies, and the COVID-19 pandemic. These challenges highlight the need for more resilient and localized supply chains. 

3. Labor Concerns 

Labor-intensive processes in textile manufacturing often lead to concerns about worker rights, wages, and safety, particularly in developing countries. This has prompted calls for greater transparency and ethical practices. 

4. Rising Costs 

Fluctuating raw material prices, energy costs, and wages pose challenges for manufacturers, especially in competitive markets. 

5. Technological Adaptation 

While technology is a driver of growth, its adoption requires significant investment. Small and medium-sized enterprises (SMEs) may struggle to keep pace with larger players in implementing advanced systems. 

Emerging Trends in the Textile Market 

1. Smart Textiles 

The integration of electronics and sensors into fabrics is creating smart textiles for applications in healthcare, sports, and military sectors. These textiles offer functionalities such as temperature regulation, health monitoring, and energy generation. 

2. Sustainable Materials 

The demand for sustainable textiles is growing, leading to innovations in biodegradable fabrics, recycled polyester, and plant-based fibers like hemp and bamboo. 

3. Digitalization and Industry 4.0 

The adoption of technologies like IoT, AI, and blockchain is revolutionizing textile manufacturing. These tools enable real-time monitoring, predictive maintenance, and supply chain transparency. 

4. Customization and Personalization 

Consumers are increasingly seeking personalized products, driving the growth of on-demand manufacturing and customized apparel. Digital printing technologies play a significant role in meeting this demand. 

5. Expansion of Technical Textiles 

Technical textiles, used in industries such as automotive, healthcare, and construction, are a rapidly growing segment. These high-performance materials offer durability, functionality, and specialized properties. 

Future Outlook 

The textile market is poised for significant growth, driven by technological advancements, sustainability efforts, and rising consumer demand. Key factors shaping the future of the industry include: 

Sustainability as a Core Focus: Companies will prioritize eco-friendly materials, waste reduction, and closed-loop systems to align with consumer preferences and regulatory requirements. 

Automation and AI Integration: Advanced manufacturing technologies will enhance efficiency, reduce costs, and enable mass customization. 

Localization of Supply Chains: To mitigate risks and reduce carbon footprints, manufacturers may shift towards localized production and sourcing. 

Growth in Emerging Markets: Developing economies in Asia, Africa, and South America will drive demand for textiles, presenting opportunities for global players. 

Health and Safety Textiles: Post-pandemic, there is an increased focus on textiles with antimicrobial and protective properties for healthcare and everyday use. 

Conclusion 

The textile market is a cornerstone of the global economy, continuously evolving to meet the demands of consumers, industries, and sustainability goals. While challenges such as environmental impact and supply chain disruptions persist, the industry’s ability to innovate and adapt ensures its resilience. 

As technology and sustainability take center stage, the textile market is set to experience transformative growth, creating opportunities for businesses to thrive in a competitive and dynamic landscape.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/global-textile-industry---growth-trends-and-forecast-2019---2024 

[rutujamnm]

Eco-Friendly Plasticizers Market worth $7.55 billion by 2030

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

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

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

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

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

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

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

Key players

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

[industrynewsupdates]

Plastic Resin Market: Key Trends and Innovations Driving Industry Growth

The global plastic resin market size is expected to reach USD 1.07 trillion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a 4.5% CAGR over the forecast period.  The increasing consumption of plastic resins in construction, automotive, electrical, and electronics applications is boosting the market growth. Government intervention to reduce overall vehicle weight to improve fuel efficiency and reduce carbon emissions has prompted automakers to use resins to replace steel and aluminum in automotive components.

Favorable federal regulations on CO2 emissions set by agencies such as the National Highway Traffic Safety Administration and the Environmental Protection Agency (EPA), as well as EU initiatives to develop plastics applications for light-weight and fuel-efficient cars, are expected to fuel global growth and promote the market. However, the ongoing health crisis and the lockdown imposed by various governments to contain the spread of the coronavirus pandemic have led to a decline in the consumption of plastic resins. It is expected to further negatively impact the market growth in the years to come.

Strict restrictions governing the recyclability and deterioration of traditional building materials like metal and wood are likely to boost the demand for textiles in pipes, windows, cables, storage tanks, and other uses. Plastics are long-lasting and energy-efficient, as well as cost-effective and safe, which encourages their usage in construction. The global market is segmented into crystalline resin, non-crystalline resin, engineering plastics, and super engineering plastics by type. The crystalline resin was the largest segment, accounting for 61.9% of global sales in 2021. The crystalline resin segment mainly includes epoxy, polyethylene, and polypropylene resins.

Gather more insights about the market drivers, restrains and growth of the Plastic Resin Market

Plastic Resin Market Report Highlights

• Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2023 and is further expected to witness maximum growth over the forecast period

• As of 2023, China accounted for the maximum revenue share in the market, with 40.24%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry

• The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector 

Plastic Resin Market Segmentation

Grand View Research has segmented the global plastic resin market report based on product, application, and region: 

Plastic Resin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Crystalline Resin

o Epoxy

o Polyethylene

o Polypropylene

• Non-crystalline Resin

o Polyvinyl Chloride (PVC)

o Polystyrene (PS)

o Acrylonitrile Butadiene Styrene (ABS)

o Polymethyl Methacrylate (PMMA)

• Engineering Plastic

o Nylon

o Polybutylene Terephthalate (PBT)

o Polycarbonate (PC)

o Polyamide

• Super Engineering Plastic

o Polyphenylene Sulfide (PPS)

o Polyether Ether Ketone (PEEK)

o Liquid Crystal Polymer (LCP)

Plastic Resin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Packaging

o Food

o Beverage

o Medical

o Retail

o Others

• Automotive

• Construction

• Electrical & Electronics

o OA Equipment & Home Appliances

o Electronic Materials

o Others

• Logistics

• Consumer Goods

• Textiles & Clothing

o Clothing

o Industrial use

o Others

• Furniture & Bedding

• Agriculture

• Medical Devices

• Others

Plastic Resin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Poland

o Spain

• China

• Asia

o India

o Japan

o Thailand

o Malaysia

o Indonesia

o Vietnam

o Singapore

o Philippines

• Pacific

• Central & South America (MEA)

o Brazil

o Argentina

• Middle East and Africa (MEA)

o Saudi Arabia

o UAE

o Oman

Order a free sample PDF of the Plastic Resin Market Intelligence Study, published by Grand View Research.

[reportprime1]

Automotive Sun Visor Market Overview, Trends, and Future Prospects to 2030

The Automotive Sun Visor market is expected to grow from USD 2.71 Billion in 2024 to USD 3.50 Billion by 2030, at a CAGR of 4.35% during the forecast period.

Sun visors, an essential component of vehicle interiors, play a crucial role in enhancing driver visibility and protecting occupants from harmful UV rays. The market’s expansion is attributed to advancements in automotive design, increasing adoption of premium and electric vehicles, and a heightened focus on ergonomic and aesthetic improvements in vehicle interiors.

One of the primary factors driving the automotive sun visor market is the growing consumer preference for vehicles equipped with enhanced comfort and safety features. Sun visors are not only functional components that block excessive sunlight and glare but are also being redesigned to integrate advanced features such as vanity mirrors with LED lighting, storage compartments, and even embedded electronic components like touchscreens. These innovations cater to a more tech-savvy and comfort-oriented consumer base, further boosting market demand.

For More Insights into the Market, Request a Sample of this Report https://www.reportprime.com/enquiry/sample-report/19882

Key Market Players

Grupo Antolin, Daimei, Atlas (Motus), Kyowa Sangyo, KASAI KOGYO, Hayashi, Joyson Safety Systems, IAC Group, HOWA TEXTILE, Dongfeng Electronic, Yongsan, Mecai

Market Segmentations

By Type: Sun Visor with Mirror, Sun Visor without Mirror

By Applications: Passenger Vehicle, Commercial Vehicle

The surge in electric vehicle (EV) production and adoption is also contributing to the growth of the automotive sun visor market. As EV manufacturers emphasize lightweight materials and sustainable designs, sun visors are being developed with eco-friendly materials like recycled plastics and composite fabrics. These materials not only reduce the overall weight of the vehicle but also align with the environmental goals of manufacturers and consumers. Additionally, the increased production of luxury vehicles, which often feature customized and technologically advanced interiors, is further driving market growth.

Technological advancements are playing a pivotal role in reshaping the automotive sun visor market. For instance, the introduction of smart sun visors equipped with liquid crystal displays (LCDs) and advanced sensors is gaining traction. These innovative visors adjust their transparency based on sunlight intensity, offering better protection and visibility compared to traditional visors. Some high-end vehicles now feature augmented reality (AR)-enabled sun visors that display critical driving information directly onto the visor, enhancing safety and convenience for the driver.

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From a regional perspective, Asia-Pacific dominates the automotive sun visor market due to its large automotive manufacturing base and high vehicle production volumes, particularly in countries like China, Japan, and India. The region's growing middle-class population and rising disposable incomes are driving the demand for feature-rich vehicles, further supporting market growth. North America and Europe are also significant markets, driven by stringent safety regulations, a mature automotive industry, and the increasing penetration of EVs and autonomous vehicles. These regions are characterized by a strong presence of premium car manufacturers, further driving the adoption of advanced sun visor technologies.

Despite its promising growth trajectory, the automotive sun visor market faces challenges such as the high cost of advanced sun visor systems and the relatively slow adoption of premium features in low-cost vehicle segments. Additionally, fluctuations in raw material prices and supply chain disruptions, particularly during global crises, can pose challenges for manufacturers. Nevertheless, ongoing investments in research and development and the increasing emphasis on customization and user-centric designs are expected to mitigate these challenges and unlock new opportunities in the market.

Key players in the automotive sun visor market are focusing on innovation, strategic collaborations, and expanding their product portfolios to gain a competitive edge. Companies are investing in lightweight materials, smart technologies, and modular designs to cater to the diverse needs of global consumers. Furthermore, partnerships between automotive OEMs and component manufacturers are paving the way for the development of integrated and innovative solutions that enhance both functionality and aesthetics.

[shreeja-k]

"Beyond Aesthetics: The Growing Demand for Health-Conscious and Eco-Friendly Home Decor 🌱💚"

The Global Home Decorative Material Market: Trends, Growth, and Opportunities (2024–2030) 🌿✨

Hey, Tumblr! If you love everything about home decor (who doesn’t, right?), then you’re probably already noticing the explosion of trends and innovations that are shaping the way we decorate our spaces. 🌈 From eco-friendly materials to high-tech gadgets that make your home smarter and more sustainable, the home decor industry is booming. Let’s dive into the key trends, drivers, and opportunities that are driving the Global Home Decorative Material Market, which is projected to grow from USD 749 billion in 2023 to USD 992.29 billion by 2030. 📈

What’s Driving the Home Decor Boom? 🏡

The home decor world is being reshaped by some exciting forces, and they’re all about personalization, sustainability, and innovation. Here’s a breakdown of what’s making the industry thrive:

Eco-Friendly & Sustainable Products 🌿 People are more conscious than ever about the impact of their purchases on the environment. From sustainable wood and bamboo to organic cotton and recycled materials, eco-friendly home decor is more than just a trend. It’s a movement. 🌍 The desire to make homes beautiful and environmentally responsible is boosting the popularity of green products.

Smart Home Integration 💡 Smart homes are no longer a futuristic concept—they’re becoming the norm. Imagine controlling your lights, temperature, and even your curtains with a voice command. 😮 From smart thermostats to automated lighting, home decor items that are tech-savvy are transforming our living spaces into more efficient, customizable environments.

Personalization & Customization 🎨 Gone are the days when one-size-fits-all decor reigned supreme. Today’s consumers want their homes to reflect their personal style. Whether it’s handmade furniture, custom wall art, or bespoke textiles, home decor is all about making a statement. 🖌️ Social media platforms like Instagram and Pinterest are inspiring the new generation of decorators to add their unique touch to every room.

Health & Wellness Focus 🧘‍♀️ With more attention being placed on mental health and well-being, it’s no surprise that home decor is evolving to promote a healthier lifestyle. Biophilic design, which incorporates natural elements like plants, sunlight, and natural materials, is gaining popularity because it creates a more peaceful, stress-reducing environment. 🌱 Plus, ergonomic furniture and circadian lighting are perfect for improving both your physical and mental health.

Challenges to Consider ⚠️

Of course, no market comes without its challenges. While the home decor market is growing, there are some bumps in the road that could slow down its progress:

Rising Raw Material Costs 💰 The cost of materials like wood and leather is on the rise, mainly due to supply chain disruptions and environmental regulations. This could mean higher prices for home decor products, especially those made from sustainable materials. 🌳

Supply Chain Disruptions 🌐 The lingering effects of the COVID-19 pandemic have made it difficult for manufacturers to meet demand. From factory closures to transportation delays, the global supply chain has taken a hit, impacting product availability.

Opportunities on the Horizon 🚀

Even with these challenges, the future of the home decor market looks promising, thanks to several key opportunities:

The E-Commerce Boom 🛒 The rise of online shopping has made it easier than ever to browse and buy home decor from the comfort of your couch. With more people opting for online stores, there’s huge potential for growth in e-commerce platforms, which are offering everything from customized furniture to eco-friendly accessories. 🖥️

Social Media Influence 📲 Platforms like Pinterest, Instagram, and TikTok have become the go-to places for home decor inspiration. 💡 They allow designers, brands, and DIY enthusiasts to showcase their work, which is leading to more purchases of home decor items. Social media isn’t just shaping trends—it’s making home decor more accessible and affordable for everyone.

Smart Tech and Home Automation 🤖 Imagine controlling your lights, heating, and even your window shades with a simple voice command. That’s what smart tech in home decor is all about. Smart decor items like automated lighting systems, voice assistants, and energy-efficient devices are becoming more common, and they’re here to stay. They’re not just for tech enthusiasts—these products make living more convenient and efficient for everyone. 💡

What’s Next for Home Decor? 🔮

Looking ahead, the future of home decor is about blending sustainability, personalization, and technology. With consumers demanding eco-friendly materials, more customizable options, and smarter, more connected homes, manufacturers and retailers will need to innovate constantly. 🌍✨

It’s clear that we’re entering a new era of home design—one that prioritizes both beauty and functionality, while being mindful of the environment. Whether you’re a DIY enthusiast, a design professional, or just someone looking to make your living space more comfortable, there’s never been a better time to explore all the amazing options available!

So, what’s your favorite home decor trend right now? How are you personalizing your space to make it feel like home? Let me know in the comments or reblog with your thoughts! 💬👇

[patilsandip]

Global Biodegradable Plastic Market Report 2024 – 2030

Our Latest Report covers The Global Biodegradable Plastic Market is experiencing rapid growth as environmental concerns and sustainability initiatives push for more eco-friendly alternatives to conventional plastics. Biodegradable plastics are designed to break down naturally through the action of microorganisms, helping reduce plastic waste and environmental pollution. These plastics are used in a wide range of applications, including packaging, agriculture, consumer goods, and medical devices. The market's growth is driven by the increasing global push toward reducing plastic pollution, growing regulatory pressure, and rising consumer demand for sustainable products.

Get More Insights:

Key Matrix for Latest Report Update • Base Year: 2023, Estimated Year: 2024, CAGR: 2024 to 2030

Key Players In The Global Biodegradable Plastic Market:

BASF SE, Natureworks, Total Corbion PLA, Mitsubishi Chemical Corporation,  Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, and Novamont S.P.A.

Market segmentation

Global Biodegradable Plastic Market is segmented into type such as PLA (Polylactic Acid) PBAT (Polybutylene Adipate Terephthalate),PBS (POLYBUTYLENE SUCCINATE), PHA (POLYHYDROXYALKANOATES), Starch Blends, and Others. Further, market is segmented into application such as Packaging, Agriculture, Consumer Durable, Textile, and Others.

Also, Global Biodegradable Plastic Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Global Biodegradable Plastic Market Segment by Type:

PLA (Polylactic Acid)

PBAT (Polybutylene Adipate Terephthalate)

PBS (POLYBUTYLENE SUCCINATE)

PHA (POLYHYDROXYALKANOATES)

Starch Blends Others

Global Biodegradable Plastic Market Segment by Applications:

Packaging

Agriculture

Consumer

Durable

Textile Others

Regional Analysis for COVID-19 Outbreak- Global Biodegradable Plastic Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Market Trends:

Shift to Plant-Based Bioplastics: There is a growing trend toward using renewable resources such as corn, sugarcane, and algae to produce biodegradable plastics, with plant-based bioplastics (like PLA and PHA) gaining popularity in the market.

Growth in Packaging Applications: The packaging industry is the largest consumer of biodegradable plastics, driven by the rising demand for eco-friendly packaging solutions in food, beverage, and retail sectors. Companies are shifting to biodegradable alternatives for single-use packaging to meet sustainability goals.

Use in Agriculture: Biodegradable plastics are increasingly being used in agriculture for applications such as mulch films, seed coatings, and plant pots, as they help reduce plastic waste and improve soil health.

Focus on Recycling and Circular Economy: The focus on the circular economy is also shaping the biodegradable plastic market, with increased efforts toward creating products that can be easily recycled or composted after use.

FIVE FORCES & PESTLE ANALYSIS:

To understand the market conditions the five forces analysis is developed that comprises Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. Political (Political policy and stability as well as trade, fiscal, and taxation policies) Economical: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

FAQ's:

Which are the dominant players of the Global Biodegradable Plastic Market?

What will be the size of the Global Biodegradable Plastic Market in the coming years?

Which segment will lead the Global Biodegradable Plastic Market?

How will the market development trends change in the next five years?

What is the nature of the competitive landscape of the Global Biodegradable Plastic Market?

What are the go-to strategies adopted in the Global Biodegradable Plastic Market?

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QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence.

QualiKet Research strive hard to simplify strategic decisions enabling you to make right choice. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. Our experts provide deep insights which is not available publicly that enables you to take bold steps.

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[global-research-report]

Building a Greener Tomorrow: The Role of Post-Consumer Recycled Plastics

Post-consumer Recycled Plastics Industry Overview

The global post-consumer recycled plastics market size is expected to reach USD 21.64 billion by 2030, registering a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

Gather more insights about the market drivers, restrains and growth of the Post-Consumer Recycled Plastics Market

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

The global pet food packaging market size was valued at USD 11.66 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030.

The global medical grade silicone market size was valued at USD 601.7 million in 2024 and is expected to register a CAGR of 7.4% from 2025 to 2030.

Post-consumer Recycled Plastics Market Segmentation

Grand View Research has segmented the global post-consumer recycled plastics market based on source, type, and region:

Post-consumer Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Bottles

Non-bottle Rigid

Others

Post-consumer Recycled Plastics Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Polypropylene (PP)

Polystyrene (PS)

Polyethylene (PE)

Polyvinyl Chloride (PVC)

Polyurethane (PUR)

Polyethylene Terephthalate (PET)

Others

Post-consumer Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Asia Pacific

China

Japan

India

Malaysia

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

 Key Companies profiled:

BASF SE

SABIC

Evonik Industries AG

Sumitomo Chemical Co., Ltd.

Arkema

Celanese Corporation

Eastman Chemical Company

Chevron Phillips Chemical Company

Exxon Mobil Corporation

Covestro AG

Key Post-consumer Recycled Plastics Company Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

In November 2023, LyondellBasell Industries Holdings B.V. announced the establishment of an industrial-scale catalytic advanced plastic recycling demonstration plant at the Wesseling location of the company in the country. It will be the first single-train recycling plant of LyondellBasell Industries Holdings B.V. that is expected to convert post-consumer plastic waste into feedstocks for fresh plastic production

In August 2023, Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC) in the UAE, announced the debut of new polypropylene (PP) products for the automobile sector that contains up to 70% PCR materials. The first solution comprises 50% PCR material, lowering the carbon footprint by approximately 28% compared to virgin grades. The second solution, which incorporates up to 70% PCR materials, was designed to produce wheel arches and other exterior components.

In January 2023, PureCycle, an advanced recycling company, and the Port of Antwerp-Bruges jointly announced plans to develop PureCycle's first polypropylene (PP) recycling facility in Europe. The new factory is projected to have an annual capacity of 59,000 metric tons (130 million pounds), with a high growth potential. The 14-hectare (35-acre) site can accommodate up to four processing lines, with an estimated total capacity of 240,000 metric tons (500 million pounds) per year.

Order a free sample PDF of the Post-Consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[blueweave8]

United States Plastic Recycling Market Outlook, Growth, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Plastic Recycling Market size by value at USD 2.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Plastic Recycling Market size to expand at a CAGR of 7.9% reaching a value of USD 3.9 billion by 2030. The Plastic Recycling Market in United States is propelled by increasing concerns about plastic pollution, the environmental impact of petrochemicals, and fluctuating crude oil prices. Industries across sectors, from construction to electronics, are increasingly adopting recycled plastics, which offer a more sustainable alternative to virgin materials. Leading companies like Coca-Cola and Nestlé are incorporating recycled materials into their packaging, and investments in advanced recycling technologies are poised to further revolutionize the industry. These factors are creating lucrative opportunities for market participants as they capitalize on the growing demand for sustainable solutions.

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Mechanical Recycling Process Segment Holds Larger Market Share

The mechanical recycling segment accounts for a larger share of United States Plastic Recycling Market by process, due to the effectiveness of mechanical process in reducing a company's carbon footprint. The process involves physically transforming plastic waste from residential and commercial sources into recycled polymers, preserving their molecular structure. The recycled polymers can then be used to manufacture a diverse range of new products across various industries, including automotive, textiles, electrical and electronics, packaging, and construction.

Impact of Escalating Geopolitical Tensions on United States Plastic Recycling Market

Intensifying geopolitical tensions could have a multifaceted impact on United States Plastic Recycling Market. Disruptions in international supply chains and trade barriers could curtail the availability of raw materials and recycled plastics, driving up costs and hindering access to critical recycling technologies. Moreover, strained diplomatic relations may impede global efforts to enhance recycling standards and practices. As geopolitical tensions intensify, governments may shift their focus and resources away from sustainability initiatives, potentially hindering the development of advanced recycling infrastructure and the adoption of eco-friendly practices.

Competitive Landscape

The United States Plastic Recycling Market is highly fragmented, with numerous players serving it. The key players dominating the market include Agilyx, Brightmark LLC, Plastipak Holdings, Inc., Custom Polymers, MBA Polymers Inc., Freepoint Eco-Systems LLC, Industrial Plastic Recycling Inc., KW Plastics, Seraphim Plastics, and Carbonlite Inc. The key marketing strategies the players adopt are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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[mordorintelligencemarketresearch]

Understanding the Textile Industry and Market Trends in 2025

1. Market Overview

The global textile industry encompasses a wide range of products from fibers and yarns to finished goods like garments and home textiles. It serves both the consumer market and the industrial sectors, such as automotive, healthcare, and infrastructure. According to recent market research reports, the textile market is estimated to be valued at USD 774.33 billion in 2025 and is expected to reach USD 920.55 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.52% during the forecast period from 2025 to 2030. Key drivers include population growth, rising disposable incomes in emerging markets, and the growing demand for sustainable and eco-friendly textiles.

2. Shifting Consumer Preferences

As consumer awareness about environmental and social issues increases, there is a marked shift toward sustainable products in the textile market. This has resulted in growing demand for eco-friendly fabrics made from natural fibers, recycled materials, and organic cotton. Consumers are also favoring products that are durable and have a lower environmental impact.

This trend is not just limited to casual clothing but extends to luxury and fast fashion brands that are increasingly adopting sustainable practices. Brands such as Patagonia, H&M, and Levi’s have led the way with transparent supply chains and eco-conscious material choices, setting a new standard for the industry.

3. Technological Innovations

Technology is playing a major role in the textile industry's evolution. From advanced weaving techniques to the use of smart fabrics, innovation is reshaping every part of the textile supply chain.

Smart Textiles: These fabrics integrate digital technology into materials, allowing them to perform additional functions. For example, clothing with embedded sensors can monitor health metrics, while fabrics that change color based on temperature are being explored for fashion and interior design.

3D Knitting and Printing: 3D knitting technologies have made strides in both garment production and customization. Similarly, 3D printing is used to create innovative designs and on-demand products, minimizing waste and reducing time to market.

Automation and Artificial Intelligence (AI): Automation is making textile production more efficient, reducing costs and increasing production speed. AI is used in predictive maintenance, inventory management, and even designing new patterns.

4. Sustainability and Circular Economy

Sustainability has become a central theme in the textile market, pushing companies to reconsider production methods, reduce waste, and recycle materials. The adoption of circular economy principles is driving the industry toward recycling used textiles, reducing water consumption, and using less harmful dyes and chemicals. Brands are increasingly focusing on the "Cradle to Cradle" approach, designing products for easy disassembly and recycling.

Recycling Technologies: Textile waste recycling is gaining momentum, with companies developing technologies that can recycle polyester, cotton, and other fabrics into high-quality materials for new clothing.

Sustainable Production: The industry is shifting to greener practices with cleaner energy sources, waterless dyeing techniques, and biodegradable fibers like Tencel and hemp. Furthermore, a trend toward low-impact dyes and less water usage in garment manufacturing is reshaping the production process.

5. Global Market Dynamics

The textile market is becoming increasingly global, with major shifts in production and consumption patterns. While countries like China, India, and Bangladesh remain key players in textile manufacturing, there is a significant move toward diversifying production. Emerging markets in Southeast Asia, Latin America, and Africa are gaining traction as new manufacturing hubs.

Simultaneously, Western nations, particularly the United States and Europe, are witnessing a resurgence in nearshoring and reshoring, with brands looking to mitigate risks in the supply chain. The geopolitical tensions, along with the impact of the COVID-19 pandemic, have underscored the need for supply chain diversification.

In terms of consumer markets, Asia-Pacific is anticipated to continue dominating in textile consumption, driven by rapid urbanization and increasing disposable income in countries like India and China. However, demand in North America and Europe for sustainable products is also on the rise, influencing the market trends.

6. Challenges and Opportunities

Despite its growth, the textile industry faces several challenges, such as:

Labor Issues: Poor working conditions and low wages in textile factories, particularly in developing countries, continue to be a pressing issue.

Environmental Impact: The textile industry remains one of the largest polluters in the world, contributing to water waste, chemical pollution, and plastic microfiber contamination.

Supply Chain Disruptions: Global disruptions, such as the COVID-19 pandemic, have highlighted vulnerabilities in the textile supply chain, emphasizing the need for greater resilience.

However, these challenges also present opportunities for innovation and growth. Brands that can adapt to the changing market dynamics, prioritize sustainability, and invest in technology are likely to remain competitive.

7. Looking Ahead: The Future of Textiles

As we move further into the digital age, the future of the textile industry is likely to be shaped by greater personalization and the integration of advanced technologies. We can expect more customized clothing experiences, eco-conscious product lines, and an ever-expanding range of smart textiles.

In addition, the growing importance of the circular economy and sustainable practices will continue to drive market shifts, encouraging manufacturers and brands to invest in more sustainable production techniques and eco-friendly materials. Industry leaders will focus on building transparent, ethical supply chains to meet consumer expectations.

Conclusion

The textile industry is evolving rapidly, fueled by technological advancements, consumer demand for sustainability, and the ongoing shifts in global markets. In 2025 and beyond, the industry will continue to focus on innovation, sustainability, and efficiency. By staying attuned to market trends and emerging technologies, businesses can not only navigate challenges but also unlock new growth opportunities in the global textile market. For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/global-textile-industry---growth-trends-and-forecast-2019---2024

[psychicsheeparcade]

Flame Retardants Market Growth and Status Explored in a New Research Report 2034

The flame retardants market is a key component of industries focused on enhancing fire safety. These compounds are added to materials such as plastics, textiles, and coatings to reduce flammability and inhibit the spread of fire. With growing safety regulations and increased awareness about fire prevention, the demand for flame retardants is on a steady rise globally.

The market for flame retardants is expected to increase at a compound annual growth rate (CAGR) of 7.2% between 2024 and 2034, reaching USD 16,462.41 million in 2034 based on an average growth pattern. In 2024, it is projected that the market will be worth USD 9,845.59 million.

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Market Size and Growth:

The global flame retardants market was valued at approximately USD 8 billion in 2023 and is projected to grow at a CAGR of around 6% from 2024 to 2030.

Growth drivers include stringent fire safety standards, rapid industrialization, and advancements in flame-retardant technologies.

Key Applications:

Building & Construction: Used in insulation materials, structural components, and coatings.

Electronics & Electrical: Applied to circuit boards, cables, and appliances.

Transportation: Essential for automotive, aerospace, and railway materials.

Textiles: Used in furniture upholstery, curtains, and protective clothing.

Types of Flame Retardants:

Halogenated Flame Retardants: Known for effectiveness but facing declining usage due to environmental concerns.

Non-Halogenated Flame Retardants: Includes phosphorous-based, nitrogen-based, and inorganic flame retardants, growing in popularity for their eco-friendliness.

Flame Retardants Market Trends

Rising environmental concerns and health-related issues have led to increased adoption of non-halogenated flame retardants.

Manufacturers are investing in bio-based flame retardants to align with sustainability goals.

Advancements in Technology:

Development of multifunctional flame retardants that enhance fire safety without compromising the physical properties of materials.

Nanotechnology is being integrated to produce more efficient and lightweight solutions.

Stringent Regulations:

Governments worldwide are enforcing strict fire safety standards, boosting demand for flame-retardant materials.

Europe and North America are particularly focused on phasing out hazardous flame retardants.

Flame Retardants Market Opportunities

With the expansion of 5G networks, there’s increased usage of flame retardants in electronic components and infrastructure.

Manufacturers are exploring flame-retardant solutions compatible with recycling processes, especially in the plastic and automotive sectors.

Use of flame-retardant materials in medical devices and hospital furnishings, where fire safety is critical, is opening new avenues for growth.

Key companies profiled in this research study are,

The Flame Retardants Market is dominated by a few large companies, such as

BASF SE

Clariant AG

Huntsman Corporation

 Israel Chemicals Limited (ICL)

Albemarle Corporation

·DuPont de Nemours, Inc.

Arkema S.A.

Solvay S.A.

Dow Chemical Company

Ferro Corporation

Nabaltec AG

Shanghai Pret Composites Co., Ltd.

Jiangsu Kuaima Chemical Co., Ltd.

Flame Retardants Market Segmentation,

By Type:

Alumina Trihydrate

Brominated Flame Retardant

Antimony Trioxide

Phosphorous Flame Retardant

Others

By Application:

Unsaturated Polyester Resins

Epoxy Resins

PVC

Rubber

Polyolefins

Others (Engineering Thermoplastics and PET)

By End User Industry:

Construction

Automotive & Transportation

Electronics

Others (Textiles, Aerospace, and Adhesives)

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Flame Retardants Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominates the worldwide flame retardant market, accounting for around 36% of the market in 2023. The Asia-Pacific region is the one with the fastest rate of growth and the highest percentage of flame retardants due to the fast industrialization, urbanization, and rise in construction activity. The growing demand for electronics, textiles, and cars in countries like China and India is largely responsible for the industry's expansion.

European Market Statistics

Europe's well-known emphasis on environmentally friendly practices and legislation is driving the demand for non-toxic flame retardants. Strict regulations that support the market, such REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), have an impact on the use of particular flame retardants. The building and automotive industries in the region make extensive use of flame retardants. 

Market Predictions for North America

North America dominates the flame retardant market due to the region's stringent fire safety regulations, particularly in the building and automobile industries. Due to the existence of major manufacturers and continuous advancements in flame retardant compounds, the market is growing. Non-halogenated flame retardants are becoming more and more popular in the area due to environmental concerns.

Conclusion:

The flame retardants market is poised for sustained growth, driven by advancements in fire safety standards, the rise of eco-friendly alternatives, and expanding applications across industries like construction, electronics, and transportation. As safety and sustainability become global priorities, manufacturers are innovating to meet the dual demands of high performance and environmental compliance.

Looking ahead, the integration of smart flame retardants, bio-based solutions, and recyclable materials will reshape the market, making it more dynamic and sustainable. With stringent regulations and growing consumer awareness, the market is set to play a pivotal role in enhancing fire safety while supporting global environmental goals.

[industrynewsupdates]

Polyhydroxyalkanoates Market Outlook, Competitive Strategies And Forecast

The global polyhydroxyalkanoates market size was estimated at USD 650.66 million in 2023 and is projected to grow at a CAGR of 9.35% from 2024 to 2030. Rising non-biodegradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for sustainable actions to effectively manage plastic pollution driving the demand for polyhydroxyalkanoates (PHA).

The market is experiencing growing interest due to the global shift toward sustainability and eco-friendly alternatives. With increasing regulations on single-use plastics and heightened consumer awareness about environmental pollution, industries are exploring biodegradable solutions like PHAs. As a result, there has been a noticeable increase in R&D investment, particularly in improving the production efficiency and cost-effectiveness of PHA materials. The integration of PHAs in sectors such as packaging, agriculture, and biomedical applications is becoming more widespread, reflecting the market’s adaptation to the growing demand for green alternatives.

Gather more insights about the market drivers, restrains and growth of the Polyhydroxyalkanoates Market

Key Polyhydroxyalkanoates Company Insights

The market is highly competitive, with several key players dominating the landscape. Major companies include Danimer Scientific, TianAn Biologic Materials Co., Ltd., Kaneka Corporation, P&G Chemicals, Tepha, Inc., Newlight Technologies LLC, Bio-on S.p.A., Yield10 Bioscience, Inc., PHB Industrial S.A, and TianAn Biologic Materials Co., Ltd. The market is characterized by a competitive landscape with several key players driving innovation and market growth. Major companies in this sector are investing heavily in research and development to enhance the performance, cost-effectiveness, and sustainability of their products.

Recent Developments

• In February 2024, Bluepha, a producer of PHA based in China, announced a partnership with Helian Polymers, a Dutch company specializing in biobased and biodegradable materials. This collaboration aims to develop a new PHA-based building block that can serve as a drop-in replacement for traditional petrochemical plastics across various applications

• In September 2023, Lummus Technology and RWDC Industries announced a new agreement aimed at increasing the production and global availability of PHA, to meet the rising demand from different industries

• In May 2023, Trinseo and RWDC Industries announced a partnership aimed at developing sustainable packaging solutions using PHA dispersion technology. This collaboration focuses on creating water-based barrier coatings for paper and board packaging that are recyclable, compostable, and biodegradable, addressing the growing demand for eco-friendly alternatives to non-recyclable materials like polyethylene laminates 

Global Polyhydroxyalkanoates Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyhydroxyalkanoates market report based on type, end-use, and region:

Type Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• Short Chain Length

• Medium Chain Length

• Long Chain Length

End-use Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• Packaging

• Agriculture

• Textiles

• Consumer Goods

• Others

Regional Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

o Thailand

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Polyhydroxyalkanoates Market Intelligence Study, published by Grand View Research.

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The Engineering Plastics Market is projected to grow from USD 122855 million in 2024 to an estimated USD 212671 million by 2032, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2032.Engineering plastics have emerged as the backbone of various industries, providing versatile solutions that outperform traditional materials such as metals and ceramics. These high-performance polymers are specifically designed for applications requiring superior mechanical, thermal, and chemical properties. With a growing demand from sectors like automotive, electronics, construction, and healthcare, the global engineering plastics market is set for robust growth.

Browse the full report  https://www.credenceresearch.com/report/engineering-plastics-market

Market Overview

The global engineering plastics market is projected to grow significantly in the coming years, driven by technological advancements and increasing applications across industries. According to recent market reports, the market is expected to reach a value of over $150 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 6-7% during the forecast period. Key players like BASF, DowDuPont, SABIC, and LG Chem dominate the market, leveraging their extensive R&D capabilities to develop innovative and sustainable solutions.

Key Types of Engineering Plastics

Engineering plastics are broadly classified into several types, each tailored for specific applications. Some of the most commonly used categories include:

1. Polyamides (PA): Also known as nylon, these materials are widely used in automotive components, textiles, and industrial machinery due to their excellent strength, abrasion resistance, and thermal stability. 2. Polycarbonates (PC): Renowned for their transparency and impact resistance, polycarbonates are essential in manufacturing electronic displays, automotive headlamps, and medical devices. 3. Polyoxymethylene (POM): Commonly known as acetal, this plastic is used in precision parts like gears, bearings, and fasteners due to its high rigidity and dimensional stability. 4. Acrylonitrile Butadiene Styrene (ABS): Known for its toughness and ease of processing, ABS finds applications in consumer electronics, toys, and automotive interiors. 5. Thermoplastic Polyesters (PET, PBT): These are widely used in electrical components and packaging, owing to their excellent chemical resistance and thermal properties.

Market Drivers

1. Rising Demand from the Automotive Sector: Engineering plastics are replacing traditional materials in the automotive industry to reduce vehicle weight and improve fuel efficiency. Components such as fuel systems, interior trims, and under-the-hood applications are increasingly using high-performance plastics.

2. Growth in Electronics and Electrical Industry: With the proliferation of smart devices and advanced electronics, the demand for lightweight, durable, and heat-resistant materials has surged. Polycarbonates and ABS are critical in manufacturing casings, connectors, and display screens.

3. Focus on Sustainability: Engineering plastics are increasingly being recycled and reused to align with global sustainability goals. This shift toward eco-friendly solutions is fostering innovation and adoption in multiple industries.

4. Expanding Infrastructure and Construction Activities: The construction sector’s need for durable, lightweight, and corrosion-resistant materials is driving the demand for engineering plastics in pipes, panels, and insulation systems.

Challenges in the Market

Despite its promising growth, the engineering plastics market faces challenges such as volatile raw material prices and stringent environmental regulations. The reliance on petrochemical derivatives makes these materials vulnerable to fluctuations in crude oil prices. Additionally, the disposal and recycling of engineering plastics pose environmental concerns that industries are working to address.

Future Outlook

The engineering plastics market is poised for significant advancements, with R&D efforts focusing on developing bio-based alternatives and enhancing performance characteristics. Innovations in polymer blends and composites will further expand their application scope. Additionally, collaborations between manufacturers and end-users will pave the way for customized solutions tailored to specific industrial needs.

Key Player Analysis:

Ascend Performance Materials

Chevron Phillips Chemical Company LLC

Daicel Corporation

Eastman Chemical Company

Evonik Industries AG

Ginar Technology Co., Ltd.

Grand Pacific Petrochemical Corporation

Mitsubishi Engineering-Plastics Corporation

Ngai Hong Kong Company Ltd.

Nylon Corporation of America (NYCOA)

Piper Plastics Corp.

Polyplastics Co., Ltd.

Ravago

Teknor Apex

Trinseo LLC

Wittenburg Group

Segmentation:

By type,  

Acrylonitrile Butadiene Styrene

Polyamide

Polycarbonate

Thermoplastic Polyester

Polyacetal

Fluoropolymer

Others

By end-use industries,  

Automotive & Transportation

Consumer Appliances

Electrical & Electronics

Industrial & Machinery

Packaging

Others

Based on Region:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report  https://www.credenceresearch.com/report/engineering-plastics-market

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