Potassium Fluoride Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031

As per a research conducted, sales of potassium fluoride is anticipated to grow with a CAGR of 3.0% to 5.0% during the coming assessment period of 2021 and 2031. The inorganic compound is one of the key source for fluorine ion for several applications.

The increasing demand of fluorine chemicals is a key factor driving growth of the market. It is also known commonly as potassium monofluoride.

What is Driving Consumption rate for Potassium Fluoride?

For the preparation of various organic chemicals, potassium monofluoride is used as a fluorinating agent to provide fluorine ions. The growing demand for organic chemical all over the globe is expected to benefit the sales volume.

In the industries of metallurgy, the compound is used as a flux for metal finishing applications including surface coatings in a metal, in tin plating and other applications. The growing demand for metal surface coatings and tin plating is also estimated to boost the market.

Further, the increasing sales of high quality glass is also expected to benefit the growth for the compound as it is used as flux for high quality glass manufacturing.

The inorganic compound can also be used in the production of agrochemicals including insecticides, pesticides and disinfections. The increasing consumption of agrochemicals and disinfectants is expected to provide considerable opportunities for the fluoride compound over the forecast period.

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Organic Chemical Industries are Expected to Boost the Sales of Potassium Fluoride

By Finkelstein and Halex reactions, potassium monofluoride is used to convert chloro-carbons to fluorocarbons in several chemical industries. The increasing demand for fluoride compounds for organic chemical production is estimated to benefit the market. This fluoride compound is used as fluorinating agents in the synthesis of various organic chemicals.

Potassium fluoride is also used as a catalyst and dehydrating agents as base in several organic chemicals’ reactions. The growing organic chemicals sales all over the globe is estimated to boost the consumption rate for the compound in the coming years.

Moreover, fluoride ion source are used for the study of ion specific de-swelling and swelling of certain polymeric gels. Research on oxidation of noble metals in hydrogen fluoride at room temperature is going on. These research activities are projected to bolster the application of fluoride compounds in the coming years.

U.S. and Canada Potassium Fluoride Market Outlook

Substantial development in the chemical industry especially organic chemical industry in U.S. and Canada is anticipated to maintain the growth rate of Potassium fluoride in these countries. Increasing demand for fluorinating compounds in the chemical industries in these countries is also expected to bolster the consumption in the coming years.

Significant growth in the metal industries is also anticipated to benefit the market over the forecast period in U.S. and Canada. Considerable demand for agrochemicals is also expected to boost the demand for potassium monofluoride in near future. Increasing investment in research also estimated to benefit the market as it will create a wide range of application field for the compound in both the countries.

Asia Pacific Demand Outlook for Potassium Fluoride

Significant growth in the agrochemical industries in Asia Pacific region is expected to benefit the sales volume in the coming years. Significantly growing chemical industries in Asia Pacific region especially in China, India and ASEAN has maintain the growth of the Potassium Fluoride Market, and is projected to maintain the growth over the coming decade.

The growing demand for fluxing agents in glass manufacturing and in metal industry in Asia Pacific region is anticipated to bolster the consumption rate of the compound in the coming years. Moreover, increasing demand for optical glasses in the region is also expected to benefit the growth rate of the market as the compound is used to frost and etch glass in glass manufacturing sector.

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Who are the Key Manufacturers and Suppliers of Potassium Fluoride?
Some of the leading manufacturers and suppliers of Potassium Fluoride include

  • Morita Chemical Industries Co., Ltd.
  • Aarti Industries Ltd.
  • S.B. Chemicals
  • Solvay S.A.
  • Harshil Industries
  • Stella Chemifa Corporation
  • Nantong Jinxing Fluorides Chemical Co., Ltd.
  • Derivados Del Fluor
  • Xinxianng Yellow River Fine Chemical Industry Co. Ltd.

With the increasing demand for the potassium fluoride compound, key players are focusing on expanding their production capacity. The players are also focusing on acquisition of small and medium size market participants to enhance their market footprint. With the growing requirement for decreasing hazards generation in the chemical industries, the key players are also focusing on sustainable development by treating the hazards generated in the chemical plant.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments

By Purity:

  • Above 99%
  • 99% and below

By Application:

  • Organic Chemicals
  • Agrochemicals
  • Fluxing Agent
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Report: https://www.futuremarketinsights.com/reports/potassium-fluoride-market
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Potassium Fluoborate Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031

According to the latest research, the demand for Potassium Fluoborate is anticipated to grow with a compelling growth rate of about 3.0% to 5.0% in between the coming assessment period of 2021-2031. Its molecular formula is KBF4. ­It is also known as Potassium tetrafluoborate, Potassium borofluoride. In Aluminium metallurgy, potassium fluoroborate (KBF4) is used to make abrasives, soldering agents, and ceramics.

The widespread use of potassium fluoroborate in a variety of applications across a wide range of sectors drives the worldwide potassium fluoroborate market. Potassium fluoroborate is water soluble and can be utilized in a variety of oxygen-sensitive situations, such as metal manufacturing. It’s also used in extremely low concentrations in a variety of health applications.

Who are the Key Manufacturers and Suppliers of Potassium Fluoborate?

Some of the leading manufacturers and suppliers include

  • Morita Chemical Industries,
  • Harshil Industries,
  • American Elements,
  • Solvay S.A,
  • Honeywell Fin Chemicals,
  • Hunan Merits New Materials Co. Ltd.,
  • Fluorine Derivatives (DDF),
  • AMG Aluminum,
  • Madras Fluorine Ltd.,
  • Stella Chemifa Corporation,

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What is Driving Demand for Potassium Fluoborate?

One of the primary factors driving the growth of the potassium fluoroborate market is the rise in demand for abrasives around the world. The rise in demand for metal processing in the automotive and industrial sectors, as well as its use as an addition in the production of Aluminium boron alloy, is propelling the industry forward.

The market is influenced by the increase in demand for abrasives due to their high demand in polishing applications for end use sectors such as electronic and electrical equipment, automotive, and machinery, among others.

Automotive Sector and Growing Demand of Abrasives Boost Potassium Fluoborate Sales

The market is boosting due to the use of abrasives in various industries. Rising metal processing and machining demand in the automotive and industrial sectors is expected to fuel potassium fluoroborate market growth. It is commonly used as an addition in the production of Aluminium boron alloys.

The potassium fluoborate market revenue may be driven by rising demand for abrasives due to its high demand in polishing and grinding applications for end use sectors such as automotive and metal fabrication.

APAC Potassium Fluoborate Market Outlook

The investment in metal industries is owning its demand and boosting the growth of Potassium Fluoborate market in different application such as electric, automotive, construction and machinery industries. Because of its rapidly rising population, Asia-Pacific is expected to have higher demand in the forecast year.

The region has been urbanized to a greater extent as a result of gains in GDP per capita and infrastructure development, transforming rural areas into urban areas. Potassium fluoborate is in high demand in Asia-Pacific for Aluminium metallurgy, which is used to make aircraft and automobile parts.

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Key Segments

By Purity Types:

  • Less than 99% Purity
  • 99% & above purity

By Type:

  • Technical Grade
  • Reagent Grade

By Application:

  • Soldering Agent
  • Metal Processing
  • Abrasives
  • Fluxing Agent

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/potassium-fluoborate-market
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Aliphatic Solvent Market Future Analysis, Demand by Regions and Opportunities with Challenges 2031

According to latest research conducted on Aliphatic Solvent market, Aliphatic Solvent market size is estimated to grow with a CAGR of 3% to 5% during the forecast period 2021-2031.

The increasing requirement for varnishes and films from the decor industry and automotive is kindling the increase of the business across the globe. Strengthening requirements for suburban and industrial constructions from developing marketplaces serve as a key macro-economic factor for growth of the aliphatic solvents market around the world during the forecast period.

Who are the Key Manufacturers and Suppliers of Aliphatic Solvents

Major players in the aliphatic solvents market are

  • ExxonMobil Chemical, Inc.
  • SK Global Chemical Co., Ltd.
  • Royal Dutch Shell Plc.
  • Calumet Specialty Products Partners, L.P.
  • Gotham Industries
  • Gulf Chemicals and Industrial Oils Co.
  • Recochem Inc.
  • HCS Group
  • W.M. Barr
  • Ganga Rasayanie Ltd
  • NOCO Energy Corporation
  • Gadiv Petrochemical Industries Ltd.
  • Hunt Refining Company
  • Honeywell International Inc.
  • BASF SE, and LyondellBasell Industries Holdings B.V. among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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What is Driving Demand for Aliphatic Solvents

Aliphatic solvents and thinners are diluted in paints for simple combination and lessening thickness. These helps in ease in paint application after blending it in with the products will support the business and industry growth.

Subsequent growth in the automobile industry, subsequent growth in population, rise in disposable income and rising urbanization in non-industrial nations is speeding up the demand.

Demand in different segment including building & construction, and automotive will propel the market growth of these solvents which plays major roles in this sector. Expanding interest for rubber in different enterprises will essentially drive aliphatic hydrocarbon solvents and thinners market.

Usage Across Various End Use Industries Driving Demand of Aliphatic Solvents

Aliphatic Solvents are also known as non-aromatic solvents. They are one of the most commonly used solvents worldwide and found in many of the everyday products.

They are used as solvents or diluents in paints and thinners, they are widely used in oil extraction, degreasing, rubber manufacturing and as carriers for aerosols and disinfectants.

Gasoline and kerosene are examples of aliphatic hydrocarbon solvents. Common aliphatic hydrocarbon solvents used in paints and coatings are mineral spirits, hexanes and heptane. These compounds are also used as corrosion inhibitors.

The growth of this segment can be attributed to the increasing demand for decorative, automotive, industrial, and protective paints & coatings in both, developed and emerging countries.

This growing demand for paints & coatings for the increasing number of residential and commercial buildings due to rising population and urbanization majorly in China and India is expected to drive the global market during the forecast period.

Asia Pacific Demand Market Outlook for Aliphatic Solvents

Asia-Pacific region is expected to dominate the market for aliphatic hydrocarbon solvents and thinners during the forecast period. Due to the high demand application from countries like China, India and Japan, the market for aliphatic hydrocarbon solvents and thinners has been increasing. The largest producers of aliphatic hydrocarbon solvents and thinners are located in Asia-Pacific region.

Some of the leading companies in the production of aliphatic hydrocarbon solvents and thinner are Royal Dutch Shell, Recochem Inc., Phillips 66, MG Organics Pvt. Ltd. Apart from paints & coatings, these aliphatic hydrocarbon solvents and thinners are also used in adhesives & sealants, in rubber manufacturing and others which have multiple application in various end-user industries like automotive and others.

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Europe Demand Outlook for Aliphatic Solvents

The demand for conventional hydrocarbon solvents is changing particularly in Europe and North America, where various environmental regulations and acts are stringent thereby allowing bio-green based hydrocarbon solvents to be implemented.

Aliphatic Solvents has a major dominance in the market and is expected to steadily rise while Aromatic is expected to decline gradually. Paintings and Coatings form the largest application market of Hydrocarbon Solvents followed by pharmaceuticals, adhesives and printing inks respectively.

Key Segments

By Type:

  • Varnishes
  • Hexane
  • Heptane
  • Mineral Spirit
  • Others

By Application:

  • Paints & Coatings
  • Adhesives
  • Rubbers & Polymers
  • Aerosol
  • Cleaning & Degreasing

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/aliphatic-solvent-market
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Agricultural Fabrics Market Innovations, Technology Growth and Research, 2031

According to a latest study on Agricultural Fabrics market, sales of Agricultural Fabrics are projected to increase at around 4.7% CAGR over the next ten years (2021-2031). Rising product demand in the agriculture sector for better crop quality & increased productivity and technological advancements are expected to drive the market over the forecast period.

An increase in product usage in various sectors, including aquaculture and horticulture, is expected to have a positive impact on the market growth.

Who are the Key Manufacturers and Suppliers of Agricultural Fabrics

Some of the leading manufacturers and suppliers of Agricultural Fabrics include

  • Zhongshan Hongjun Nonwovens Co. Ltd.
  • Hy-Tex Limited
  • Belton Industries
  • Beaulieu Technical Textiles
  • B&V Agro Irrigation Co.
  • Diatex
  • Neo Corp International Limited
  • Meyabond Industry & Trading Co., Ltd.
  • Tama SRF Limited and many others.

The recent coronavirus outbreak has had an adverse impact on majority of the businesses across the world. Accounting to the strict measures taken by governments of major countries, it has become increasingly difficult to carry out business operations.

The report will include the impact of the Covid-19 pandemic on the global. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic.

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What is Driving Demand for Agricultural Fabrics

The benefits of agricultural fabrics market are Increase crop production, Avoid the soil from drying out and decrease the requirement of fertilizers, pesticides and water.

Agricultural fabrics can be classified into woven, nonwoven and knitted fabrics applied for agricultural and horticultural uses covering livestock protection, shading, weed and insect control, and extension of the growing season. The essential properties required are Strength, elongation, stiffness, porosity, bio-degradation, resistance to sunlight and resistance to toxic environment.

Food Crops to Remain a key Segment for the Consumption of Agricultural Fabrics

The demand for organic and naturally-derived snacks is increasing around the globe, reflecting a marked change in consumption trends around the world.

Agricultural fabrics such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls.

Moreover, the market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture.

US and Canada Agricultural Fabrics Market Outlook

The market in North America expected to grow at a significant rate over the forecast period, which can be attributed to a rise in product demand for high-quality agricultural products.

A positive outlook for agriculture and aquaculture is projected to uplift the regional market over the forecast period.

Growing awareness about nutritional diet is expected to promote the demand for dietary supplements, which is likely to increase fish consumption. This will boost the product demand, thereby supporting regional market growth.

The market faces numerous challenges coping with the complexity of manufacturing processes, higher production costs, and fluctuating prices of raw materials, such as nylon, polyester, and wool.

Technological developments and R&D investments for developing novel technologies are expected to offer ample scope for market growth over the forecasted period.

Asia Pacific Demand Outlook for Agricultural Fabrics

Asia-Pacific is a prominent market for these fabrics given the extensive agricultural production activities of many developing economies of the region.

The main reason for the region’s preeminent position in the market is the excessive reliance of the developing economies of India and China on agriculture.

Added to this is the high population of these and other countries in the region, which has exacerbated the need for greater agriculture productivity.

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As a result, the demand new-age materials and tools such as Agro textiles in the farming sector are expected to soar in the forthcoming years.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments

By Area of Application:

  • Crop Production.
  • Horticulture, Floriculture and Forestry.
  • Animal Husbandry and Aqua Culture.
  • Agro Engineering Related Applications

By Application:

  • Hail protection
  • Wind protection
  • Soil covering or weed protection
  • Sun protection
  • Bird protection net
  • Plant nets
  • Crop cover
  • Insect meshes

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/agricultural-fabrics-market
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Potassium Sulfate Market to grow at a rate of 4.8% by 2029 | Get Customized Reports

According to Future Market Insights (FMI), the global potassium sulphate market will expand by 4.9% year on year (YoY) in 2021, the market will be worth $4,742.0 million in 2022. Between 2022 and 2029, demand for potassium sulphate is expected to expand at a 4.8% CAGR.

Consumption of fertilizers is directly related to agricultural production and indirectly to increasing global population; higher the population more will be the requirement for food. On the other side, loss of crops due to unforeseen seasonal changes and calamities will further deepen the food supply at the global scale. Changing eating habits such as increasing meat consumption, have increased the requirement for feed grains leading to increased fertilizer usage. Vegetables and fruits constitute about 27% of the total production and require chloride-free fertilizers for healthy growth. Thus, growing cultivation of vegetables and fruits, especially citrus fruits and melons, is expected to be the prime factor driving the growth of the potassium sulphate market.

Over the last few years, the production of specialized crops has registered a significant growth, primarily driven by the population growth and changing consumer preference for healthier diets. Increase in production of such specialized crops is expected to drive the demand for potassium sulphate market over the forecast period.

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Lucrative Growth Opportunities in Asia Pacific and Middle East & Africa

Developing regions, such as Asia Pacific, Middle East & Africa, and Latin America are slated to witness strong growth during the forecast period. Agriculture-based economies, focus on boosting agricultural output, and countries with low percent of arable land to total land make the regions of Asia Pacific and the Middle East & Africa prominent markets for potassium sulphate. Countries in North Africa & Central Africa present a wide opportunity for the usage of potassium sulphate as a fertilizer to boost agricultural production and reduce dependability on food imports in the region.

In developed regions such as North America and Europe, potassium sulphate is gaining traction for its exceptional performance and less toxic effects, especially in dry conditions. Owing to the growing preference for high value fertilizers, North America and Europe are expected to be potential markets for potassium sulphate.

Fruit and Vegetable Cultivation to Remain Prominent Application Area

The global potassium sulphate market has been classified on the basis of product form type and application, along with regions.

  • Based on form, granular form of potassium sulphate remains a prominent choice, and is anticipated to hold a more than half of the global potassium sulphate market share throughout the forecast period. The demand for granular form is mainly driven by its cost-effective nature as well as various attributes such as optimum amount of potassium and sulphur content.
  • Growing application of potassium sulphate in fruit crop is expected to contribute a major share to the manufacturers’ bottom lines. Collectively, fruits, vegetables, and tree nut segments are expected to hold ~70% of the total value share. In the recent years, people are becoming more and more health conscious and thus, consuming more fruits, tree nuts and, green vegetables, which in turn, is driving the demand for potassium sulphate.

Potassium Sulphate Market: Manufacturer Insights

According to the FMI analysis, the global potassium sulphate market is moderately consolidated with some of the global players holding prominent share in the global potassium sulphate market. The global potassium sulphate market report sheds light on few of the prominent players in the global potassium sulphate market. Some key players operating in the market are SDIC Luobupo, K+S Kali GmbH, Tessenderlo Group, Ching Shiang Chemical Corporation, and Compass Minerals, among others.

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Potassium Sulphate Markey by Category

By Product Form:

  • Granular
  • Powder
  • Liquid

By Application:

  • Tree Nuts
  • Fruits
  • Vegetables
  • Tobacco
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA (Middle East & Africa)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Perfume Ingredient Chemicals Market: Top trends driving the industry to reach US$ 8.9 Bn

The global perfume ingredient chemicals market is expected to exceed US$ 6.7 billion in 2022. The market is expected to reach US$ 8.9 billion by 2027, growing at a robust 5.7% CAGR.

The increased demand for natural and organic products, as customers become more aware of the importance of such items, is expected to drive sales in this market. Another factor that is anticipated to contribute to this rise in the near future is the trend of using natural perfumes.

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Global Perfume Ingredient Chemicals Market: Restraints

  • High cost of raw materials and lack of low tier manufacturing
  • Low awareness of greener products and low production growth
  • High cost of extracting raw ingredients and expensive research & development programmes
  • Raw material price fluctuations and high cost of petroleum based fuels
  • Growing concerns regarding the harmful effects of using aggressive ingredients

Global Perfume Ingredient Chemicals Market: Forecast by Application

On the basis of application, the global perfume ingredient chemicals market is segmented into fine fragrance, home care, laundry care, personal care, cosmetics, and others. The fine fragrance segment accounted for a significant market value share of 22.3% in 2022, followed by the personal care segment. The personal care segment is expected to remain dominant till 2027. This segment is also expected to remain the most lucrative during the forecast period.

Global Perfume Ingredient Chemicals Market: Forecast by Product Type

Product type segmentation comprises synthetic aroma chemicals and essential oils. Synthetic aroma chemicals segment is further segmented into alcohols, esters, ethers, ketone, and others. Essential oils segment is sub-segmented into orange, citronella, peppermint, eucalyptus and others. Synthetic aroma chemicals segment is anticipated to witness the highest value CAGR of 5.7% in the global perfume ingredient chemicals market. Cost factor is expected to move market players to adopt synthetic products; further, a global trend towards green products is expected to create lucrative opportunities for manufacturers of essential oils owing to a growing consumer preference for herbal products.

Global Perfume Ingredient Chemicals Market: Forecast by Region

Asia Pacific is estimated to be the most lucrative regional market in terms of revenue generation in the global perfume ingredient chemicals market, valued at US$ 1,198.0 Mn in 2022 and is expected to expand at a CAGR of 6.2% over the forecast period. Within the Asia Pacific, China & India are expected to remain in a dominant position for perfume ingredient chemicals demand. In terms of growth, following the Asia Pacific are several European countries such as Italy, France, and U.K. A noteworthy increase in sales in other developing markets such as Brazil, Russia, Turkey, GCC countries and South Africa is anticipated over the forecast period.

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Global Perfume Ingredient Chemicals Market: Key Players

Sensient Technologies Corporation, BASF SE, Eternis Fine Chemicals, YingYang (China) Aroma Chemical Group, KDAC CHEM Pvt. Ltd., Frutarom Harmony Organics Pvt. Ltd., Atul Ltd, GODAVARI BIOREFINERIES LTD, Givuadan Firmenich, International Flavors and Fragrances Inc., Symrise, Takasago International Corporation, MANA SE, Robertet SA, T. Hasegawa USA, Huabao International Holdings Limited, Zhejiang, Xinhua Chemical Co., Ltd, Henkel AG & Co KGaA ADR, and Charkit Chemical Company LLC are some of the leading companies operating in the global market that have been profiled in this report.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Construction Polymer Market to Display Impressive Growth of 6.8% with Rising Demand

The worldwide construction polymer market is expected to be worth US$ 229,076 Mn in 2022 and will grow at a CAGR of 6.8% to be worth US$ 298,384 Mn by the end of 2026.

Future Industry Insights compares and reviews the dynamics and trends in the building polymers market. In terms of building applications, structural polymers and plastic composites are becoming critical materials, with the use of these polymers in the construction of stronger walls and flooring projected to remain a key growth driver for the market.

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Demand for PVC Polymers to Remain High Throughout Forecast Period

A key insight from the inferences offered in the report reveals that the exceptional properties of polyvinylchloride (PVC) polymers have extended their demand in the construction industry. From providing the perfect balance of strength and flexibility to their competency in terms of frictional efficiency, safety, fire resistance, waterproofing, and design versatility, PVC polymers have become a sought-after construction polymer in the global market.

By the end of 2026, nearly US$ 50 Mn worth of PVC polymers are expected to be sold in the global construction polymer market. The report has further analysed the global construction polymer market on the basis of type of construction activity, wherein over three-fifth of construction polymers being sold in the global market will be used to new construction as opposed to renovation.

Housing Real Estate Sector – Largest End-user of Construction Polymers

In 2022, it is estimated that nearly US$ 30 Mn worth of construction polymers were sold in the global housing real estate sector. The demand for construction polymers is expected to remain high in commercial as well as housing (residential) real estate sectors. Collectively, these end-use sectors are expected to account for around two-third share of global revenues towards the end of the forecast period.

The report further projects that a majority of construction polymers used in the industry will be applied for building walls. The application of construction polymer in construction of walls will gain traction pertaining to the growing importance of creating strong walls for high-rise buildings. By 2026, construction polymers worth nearly US$ 50 Mn will be used for wall applications in the global market. The report also reveals that insulation and sliding applications of construction polymer will register fastest revenue growth at an estimated CAGR of 7.8% during the forecast period.

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Global Construction Polymer Manufacturing to Remain Concentred in the APEJ Region

A regional analysis on the global construction polymer market forecast has been provided in the report, which reveals the Asia-Pacific excluding Japan (APEJ) region as the largest market for construction polymers. By 2026, the APEJ construction polymer market is expected to be worth over US$ 64 Mn. The study has profiled the leading manufacturers of construction polymers, which include HB Fuller, Momentive Performance Materials Inc., Huntsman Corporation, Evonik Industries AG, Solvay, Arkema, DuPont, SCG Chemicals, Croda, Henkel, Sika AG, 3M Company, PolyOne, BASF, and Formosa Plastics. A majority of the key players in the global construction polymer market are expected to be based in the APEJ countries such as China, India and South Korea. Feasible industrial regulations and booming construction industry are expected to factor the dominance of the APEJ region in terms of global construction polymer production through 2026.

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Carbonate Minerals Market to be US$ 80.50 Bn by 2029 | Future Market Insights

According to Future Market Insights (FMI), the global carbonate minerals market will rise 5.6% year on year (YoY) in 2021. Carbonate minerals demand is expected to expand at a 6.0% CAGR between 2022 and 2029. According to Future Market Insights (FMI), the market value would exceed US$ 53,564.0 Mn in 2022.

Increasing demand for carbonate minerals in the food, construction, paper and pulp, and other end-use sectors, as well as an increase in demand from the paints and coatings industry, will drive carbonate mineral sales. Given this, FMI predicts that global carbonate minerals sales would reach US$ 80,508.3 Mn in 2029.

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Key Takeaways – Carbonate Minerals Market Study

  • The paper industry, particularly for printing and writing paper, is found to be the largest user of carbonate minerals, which is either used as a filler or as a coating on paper.
  • The finishing characteristics of paper such as gloss, whiteness, and ink are determined by the combination of minerals used. The rise in usage of calcium carbonate in the manufacturing of paper for improving the finishing of paper is correspondingly enhancing the demand for carbonate minerals.
  • Carbonate minerals have extensive applications in the construction industry. These minerals are present in the form of components of the binding agent in aggregates, mudstones, sandstone, and coal.
  • Carbonate minerals are widely used in paints & coatings as they improve brightness and helps to improve reliability and consistency of the coating, resulting in increased demand over the forecast period.
  • Asia Pacific excluding Japan (APEJ) region is leading the carbonate minerals market by virtue of continuous growth in the building and construction industry in developing countries from this region like China and India.

While carbonate minerals market is primarily driven by demand from construction and paper & pulp industries, the preference towards using carbonate minerals in the paints & coatings is expected to increase the demand for carbonate minerals in the foreseeable future.

Carbonate Minerals Market Participant Insights

The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.

Why Demand for Carbonate Minerals is Rising in the U.S.?

The U.S. is projected to account for approximately 67.5% of the North America carbonate minerals market in 2029. In 2022, the market is expected to grow by 6.5% year-on-year, reaching a valuation of US$ 7,260.7 Mn by the end of 2022.

High investments in advanced mining technologies is augmenting the sales of carbonate minerals in the country. Private construction sector is growing with significant growth rate and contributes to more than 70% share in the construction industry. Moreover, the presence of leading companies like Minerals Technologies, Inc., IMERYS Carbonates LLC, and Huber Engineered Materials is expected to bolster the growth of these minerals in the country.

What Lies in Future?

The construction industry has witnessed considerable growth across the globe and this growth is expected to persist over the forecast period correspondingly supporting the growth in demand for carbonate minerals. Moreover, innovations and advancements in mining technology, especially in countries from the Middle East & Africa region, are creating new growth avenues for players in the global carbonate minerals market.

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Carbonate Minerals Markey by Category

By Mineral Type:

  • Calcite
  • Magnesite
  • Aragonite
  • Smithsonite
  • Dolomite

By Source Type:

  • Natural
  • Synthetic

By End Use:

  • Food and Beverage
  • Paints and Coatings
  • Plastic and Rubber
  • Paper and Pulp

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Acid Proof Lining Market Size & Share | Industry Trends Analysis Report for 2032

The global acid proof lining market is anticipated to reach a valuation of US$ 11,896.7 Mn by 2032, with sales growing at a positive CAGR of 6.2% from 2022 to 2032. Scaling up from an estimated value of US$ 6,519.0 Mn in 2022, the acid proof lining market is driven by increasing application in industries like petrochemical plants, food processing facilities, thermal power plants, and pharmaceuticals. The swift advancement of the metallurgy and chemical sectors coupled with rapid industrialization also contribute to the growth of the acid proof lining market during the forecast period.

Due to the extensive use of acid or corrosive chemicals in chemical processing facilities, there high demand of acid proof lining in such facilities all over the world. Acid-proof coating is highly resistant to chemicals, heat, thermal shock, and mechanical pressure which is contributing to the growing popularity of the target market. Furthermore, heightened demand for poultry & seafood, bakery & confectionery, dairy, meat, and grains worldwide is likely to augment the food processing industry.

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This results in a surge in the sales of the target product as many organizations install new food processing equipment by using acid-proof lining to increase durability, quality control, and maintain preservation, and hygiene. Substantial chemical exposure in food processing industries also leads to extensive use of acid-resistant tiles and bricks owing to their corrosion protection, greater tensile strength, excellent bonding, solvent resistance, and other features. This, too contributes to the growing demand for acid proof lining during the assessment period.

Moreover, in the recent years, many manufacturers are introducing innovative piping systems with an emphasis on inner coatings of pipelines. These coatings play a crucial role in the safe transportation of petroleum or other compounds in the oil and gas industry. Thus, new pipelines in the oil industry have acid-proof liners implemented in them to protect against corrosion. Again, as a part of the rehabilitation process for deteriorated pipelines acid-resistant coatings are used. Owing to all of these factors, the global oil and gas industry has continued to act as a primary growth driver for the acid proof lining market.

“Heightened use of acid proof lining in oil & gas and food processing industries is expected to drive the global growth of the acid proof lining market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Rising demand from thermal power plants and metallurgy industries to strengthen the market prospects.
  • High cost and availability of cost-effective alternatives may stunt the market growth.
  • The acid proof lining market in the U.S. is expected to hold 15.1% of the total market share.
  • Advancing water treatment industry to propel the target market growth in Germany.
  • Thermoplastic acid brick lining segment to register high demand over the assessment period.
  • In terms of end user, oil & gas segment is anticipated to dominate the market.

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Competitive Landscape

Sherwin-Williams Company, PPG Industries, BASF SE, Ashland Inc., Axalta Coating systems Ltd., Hempel A/S, Jotun Group, Steuler-KCH GmbH, Polycorp Ltd, and Koch Knight LLC among others are some of the major players in the acid proof lining market profiled in the full version of the report.

Leading market players are focusing on entering markets in emerging economies to expand their market presence. These businesses are employing tactics like mergers, partnerships, and acquisitions to meet consumer demands.

More Insights into Acid Proof Lining Market Report

In its latest report, FMI offers an unbiased analysis of the global acid proof lining market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (ceramic & carbon brick lining, tile lining, thermoplastic lining), form type (solvent-borne, water-borne, powder-based), end user (marine, oil & gas, power generation, construction, automotive, transportation, chemicals, mining & metallurgy, others), and region.

According to the latest FMI reports, based on segmentation, thermoplastic lining segment is predicted to gain momentum over the forecast period. On the basis of end user, oil & gas industry is predicted to contribute the most to the target market growth due to its extensive use of acid proof tiles for the transportation of petroleum.

Based on region, the United States is predicted to be one of the largest acid proof lining markets. The country is likely to account for 15.1% of the overall market share in the upcoming years. Heightened import of oil & gas results in the substantial growth of the regional market over the projected period.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Coating Additives Market Size & Share | Global Industry Report for 2032

The global coating additives market is expected to register a robust CAGR of about 4.8% between 2022 and 2032. The market was evaluated at around US$ 10,613.3 Mn in 2021 and is predicted to reach US$ 17,724.8 Mn by 2032. According to the historical period, the global coatings market registered a healthy CAGR of 4.0% between 2016 and 2021.

This growth is attributed to surging demand from a wide range of industries. Being one of the most crucial ingredients, coating additives are made up of such crucial ingredients consisting of coating formulations that help in regulating its performance. These additives are utilized in a variety of products, including automotive coatings, furniture, and construction.

The rising demand for coatings additives is attributed to its widespread usage in several end-use industries such as automotive, architecture, wood & furniture, and others are expected to drive the market. Considering this, the global coating additives sales are projected to increase at 1.6x, exceeding US$ 11,090.9 Mn in 2022.

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Coating additives are widely used to comply with stringent zero-VOC emission regulations, and various governments all over the world are increasing the demand for eco-friendly additives. Therefore, the introduction of green coating in several industries is expected to increase its sales.

These coating additives are known for their technologically advanced features that incorporate complex formulations and are induced in paints in order to enhance the quality and performance. On the back of such advancements in coating additives technology, demand in the market is expected to witness lucrative growth at a steady pace over the projection period.

Key Takeaways

  • Coating additives are known as the type of substances that are added to paints in order to elevate their performance and quality. These additives are utilized to enhance product characteristics and reduce or eliminate issues that arise during the production processes for formulating paint systems.
  • One of the major factors propelling the growth of the coating additives market is the surging demand for environmentally friendly products all over the globe. Growth in the market is elevated by ongoing developments in the chemical industry, expansion of automotive and construction industries along with the expensive use of raw materials in order to improve the quality and application of coating formulations.
  • The coatings additives market is anticipated to accelerate over the projection period since it is being benefited from the increased research and development activities in the sector. According to a recent study, key players in the market are likely to capitalize on the rising preference for long-lasting and appealing finishes and the popularity of customized coatings.
  • Coating additives are considered to be a subset of chemically engineered materials with multiple uses in fields. These materials’ performance improvements have led to their widespread incorporation into coatings formulations.
  • Some of the prominent chemical properties such as improved wettability, rheology, dispersion, UV protection, chemical resistance, and high-temperature stability add up to the formulation. The aforementioned factors and widespread expansion of industries have led to propelling the market growth over the assessment period.

Competitive Landscape

In order to efficiently meet the surging demand for functional additives, leading players in the coating additives producers’ market are creating novel products and expanding their geographic reach. For having a strong presence in the global market, it is crucial to make sure that prominent manufacturers in the market are also signing long-term supply contracts with raw material suppliers and end users. Players -Akzo Nobel NV, Arkema SA., Ashland Global Holdings Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Solvay SA, Momentive Performance Materials, Inc., Arch Chemicals, Lonza Group AG

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Coating Additives Market By Category

By Product Type:

  • Acrylics
  • Fluoropolymers
  • Urethanes
  • Metallic Additive
  • Others (Epoxy, Polyalkyds, and Amines)

By Formulation Type:

  • Solvent Based
  • Water Based

By End Use Industry:

  • Automotive
  • Architectural
  • Industrial
  • Wood & Furniture
  • Others

By Application:

  • Rheology Modification
  • Biocides Impact Modification
  • Anti-Foaming
  • Wetting & Dispersion
  • Others (slip & rub, flexibility, curing)

By Region:

  • North America
  • Latin America
  • East Asia
  • Europe
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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