Global Cotinine Screening Devices Market Set for Significant Growth, Projected to Reach USD 645 Million by 2032

The global cotinine screening devices market, valued at USD 450.3 million in 2022, is on track for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032. By the end of this decade, the market is anticipated to reach USD 645 million, marking an impressive increase of 1.4 times its current value.

This growth is largely driven by escalating global concerns regarding tobacco and nicotine consumption. Cotinine, a metabolite of nicotine, serves as a reliable biomarker for detecting tobacco or nicotine exposure in biological samples such as urine or saliva. The rising awareness of the health implications of tobacco use has led to an increased demand for cotinine screening devices across various sectors, including healthcare, insurance, and employment.

“The cotinine screening devices market is at a pivotal moment, with growing awareness of the health risks associated with tobacco and nicotine exposure driving the adoption of innovative screening technologies,” said Sabyasachi Ghosh, Associate Vice President at Future Market Insights, Inc. “As the market continues to expand, we remain committed to delivering cutting-edge solutions that empower individuals and organizations to make informed decisions about their health and well-being.”

The evolving landscape of the cotinine screening devices market reflects a growing emphasis on health and wellness, prompting organizations and individuals to seek effective solutions for monitoring and managing tobacco and nicotine consumption. With advancements in technology and an increasing focus on preventative healthcare measures, the industry is well-positioned for sustained growth in the coming years.

This projected trajectory highlights the importance of proactive interventions in addressing public health challenges associated with tobacco and nicotine use. As the market evolves, stakeholders can expect innovative solutions that enhance the accuracy and efficiency of cotinine screening, ultimately contributing to healthier communities worldwide.

Key Takeaways: Cotinine Screening Devices Market

  • The global market for cotinine screening devices is expected to grow steadily at a CAGR of 4.7% from 2022 to 2032, reaching a projected value of USD 645 million.
  • The USA is a major driver of this growth, accounting for nearly all (97%) of the North American market share in 2021. This dominance is attributed to strong anti-smoking initiatives by government bodies and non-profit organizations like the American Lung Association’s Freedom From Smoking® program.
  • Germany presents a significant market within Europe, driven by government regulations like the Federal Non-smokers Protection Act to curb smoking. This market is expected to see a CAGR of 4.9% over the forecast period.
  • India, with its high smoking rate (29% of the population in 2018) and substantial economic burden from tobacco use, holds the largest market share (29.5%) in South Asia. This indicates potential for further growth in the region.

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Competitive Landscape:

The primary players in this industry prioritize showcasing their product portfolios at various conventions and conferences to enhance visibility and expand their operations.

  • Nano-Ditech Corporation showcased its product lines at Medlab 2017 in Dubai from March 6th to 9th, garnering significant attention.
  • LifeSign LLC participated in the 71st AACC Annual Scientific Meeting & Clinical Lab Expo in August 2019, emphasizing its commitment to innovation and advancement in the field.
  • In November 2017, Ameritek USA effectively presented its upcoming product line at Medica 2016 in Germany, capturing the interest of potential clients and partners.
  • Hangzhou Clongene Biotech Co. announced the exhibition of its new product lines at the 2019 AACC Annual Scientific Meeting & Clinical Lab Expo in August 2019, further solidifying its position in the market.

Key Companies Profiled:

  • Abbott Laboratories
  • AlcoPro Inc.
  • Jant Pharmacal Corporation
  • Sinocare Inc.,(PTS Diagnostics)
  • Mossman Associates
  • Nano-Ditech Corp
  • LifeSign LLC
  • ALFA Scientific
  • Ameritek USA.
  • Hangzhou Clongene Biotech Co.
  • Germaine Laboratories, Inc.

Cotinine Screening Devices Market, By Category:

Device Type:

  • Cassettes
  • Strips
  • Reader

By Sample Type:

  • Blood Sample
  • Urine Sample
  • Saliva Sample

By End-User:

  • Hospitals
  • Laboratories
  • Clinics
  • Workplace Screening Centers

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle-East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Mucosal Atomization Device Market Projected to Reach USD 1.11 Billion by 2034, Fueled by Demand for Non-invasive Drug Delivery Solutions in Healthcare | FMI

According to the latest report by Future Market Insights (FMI), the global mucosal atomization device market is on track to achieve a value of USD 570.52 million in 2024, with an anticipated expansion to USD 1.11 billion by 2034. This growth reflects a steady projected compound annual growth rate (CAGR) of 6.9% through the next decade.

The mucosal atomization device market is experiencing significant expansion due to several key factors. A primary driver is the increasing prevalence of sinusitis, a condition that affects millions worldwide. Additionally, the growing demand for non-invasive medical procedures has made atomization devices a preferred alternative to traditional delivery methods.

Technological advancements are propelling the growth of the mucosal atomization device market, making these devices more efficient and user-friendly. They offer numerous advantages, including rapid medication delivery into the bloodstream, a non-invasive procedure, and ease of administration. Notably, these devices bypass the need for first-pass metabolism, substantially reducing the time required for treatment.

Manufacturers are also recognizing the vital role of value-based healthcare systems in emerging economies. To address the needs of these markets, they are focusing on innovation and affordability, ensuring that mucosal atomization devices are accessible to a broader audience. This commitment to product improvement is fueling the growth of the market and making it an attractive area for investment and development.

As the mucosal atomization device market continues to evolve, stakeholders are encouraged to explore opportunities in this promising sector. The trend towards non-invasive treatment options and technological advancements positions mucosal atomization devices as a vital component of future healthcare solutions.

“Given the growing usage of needle-free medication delivery systems, expanded applications in emergency medicine and pain management, technical improvements, and rising healthcare costs, the market for mucosal atomization devices is predicted to increase significantly over the intervening decade. The rising emphasis on patient comfort and safety is projected to increase demand for mucosal atomization devices,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Mucosal Atomization Device Market: 

  • The United Kingdom’s mucosal atomization device industry is anticipated to see a CAGR of 6.70% through 2034.
  • India’s mucosal atomization device industry showcases a significant CAGR of 7.50% through 2034.
  • The China mucosal atomization device market is expected to display a favorable CAGR of 7.10% through 2034.
  • The demand for nasal atomization devices is anticipated to acquire a 35.09% share of the mucosal atomization device industry in 2024.
  • The hospital segment is expected to dominate the mucosal atomization device industry, with a market share of 36.77% in 2024.

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Competitive Landscape of the Mucosal Atomization Device Market:

Market participants in the mucosal atomization device industry invest in research and development to increase efficiency, accuracy, and safety. They form strategic alliances to broaden their product offerings, break into untapped areas, and adapt to changing consumer demands. In addition, these businesses take part in regulatory compliance initiatives to guarantee that their goods fulfill quality and safety requirements, which helps to build customer confidence in the healthcare sector. To enhance patient comfort and health outcomes, they develop tailored drugs and concentrate on patient-centric procedures.

Global mucosal atomization device companies promote mucosal atomization devices in various contexts and educate consumers and medical professionals about their benefits to assist in market development. Their proactive initiatives and innovations help enhance patient care and treatment outcomes, boosting industry growth and development. 

Recent Developments in the Mucosal Atomization Device Industry:

  • The United States Food and Drug Administration (FDA) may influence the clearance procedure for new mucosal atomization devices after publishing draft guidelines in December 2023 on using real-world data (RWD) to evaluate medical products.
  • Aptar Pharma, a global pioneer in medication delivery systems, introduced APF Futurity, the first multidose, metal-free nasal spray pump made for recycling, in January 2023. Cyclos-HTP has certified the highly recyclable pump with a Class AA rating for European recycling streams.

Key Companies in the Mucosal Atomization Device Market:

  • Teleflex Incorporated
  • LMA North America Inc.
  • Medtronic plc
  • HealthFirst Corporation
  • VBM Medizintechnik GmbH
  • DeVilbiss Healthcare LLC
  • Cook Medical
  • Medica Holdings, LLC.

Key Segments:

By Product Type:

  • Nasal Atomization Device
  • Fiber Optic Atomization Device
  • Laryngo Tracheal Atomization Device
  • Bottle Atomizers

By Technology:

  • Gas Propelled Atomization Device
  • Electrical Atomization Device

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

The global nasal packing devices market size is expected to reach a market valuation of USD 189.4 million by 2023, accelerating with a moderate CAGR of 5.1% from 2023 to 2033. The nasal packing devices market size is anticipated to be valued at about USD 311.9 million by 2033 end.

The global respiratory inhaler devices market share is anticipated to attain an impressive valuation of USD 37,258.5 million in 2023 and is projected to reach USD 60,114.7 million by 2033, trailing a CAGR of 4.90% during the forecast period.

The ultrasound conductivity gel market forecast is estimated to be worth USD 321.7 million in 2024. The market is expected to grow at a CAGR of 6.7% from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit USD 615.3 million.

The nuclear imaging equipment market trends are estimated to evolve at a CAGR of 5.4% between 2024 and 2034. The nuclear imaging equipment market size is expected to expand from USD 3 billion in 2024 to USD 5.1 billion through 2034.

The global nonvascular interventional radiology device market demand is likely to adhere to a CAGR of 4.9%. The ecosystem is likely to get elevated from USD 27.6 billion in 2024 to the valuation mark of USD 44.6 billion by 2034.

The global next-generation titrator market growth is expected to reach USD 7,171.9 million by 2034, owing to a moderate CAGR of 6.5% through the forecast period. The competitive space was measured at USD 3,820.6 million in 2024.

The global pressure infusion cuffs market trends is estimated to ascend at a valuation of approximately USD 350.8 million by 2024 as per Future Market Insights report. The change in industry valuation for the pressure infusion cuffs is likely to be at a moderate CAGR of 5.7% through 2034. The change in value in the ecosystem is estimated to reach a value of USD 610.7 million by the end of the forecast period.

The ophthalmic sprays market outlook is projected to be worth USD 343.1 million in 2023. The market is likely to surpass USD 783.3 million by 2033 at a CAGR of 8.6% during the forecast period.

The ophthalmic tonometers market overview the forecast period of 2023 to 2033, FMI estimates that the sales of ophthalmic tonometers could increase at a CAGR of 4.8% CAGR. As per the estimation, the ophthalmic tonometers market is likely to reach a valuation of USD 507.9 million by 2033, up from USD 317.7 million in 2023.

The ophthalmic drug packaging market forecast had an estimated market share worth USD 292.2 million in 2024, and it is predicted to reach a global market valuation of USD 527.8 million by 2034, growing at a CAGR of 6.1% from 2024 to 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Global Absorbable Tissue Spacer Market Set to Surpass USD 303.8 Million by 2032 amid Rising Prostate Cancer Incidence

The global absorbable tissue spacer market is poised for remarkable growth, with projections indicating a substantial increase to surpass USD 303.8 million by 2032. This anticipated surge represents a robust Compound Annual Growth Rate (CAGR) of approximately 10% during the forecast period of 2022-2032.

A primary driver of this growth is the alarming rise in the prevalence of prostate cancer, particularly among the geriatric male population. Prostate cancer is the second most common cancer among men in America, trailing only skin cancer, according to data from the American Cancer Society. The projected incidence for 2019 alone is approximately 174,650 new cases, with an estimated 31,620 deaths attributed to prostate cancer. This escalating incidence underscores the urgent need for effective treatment solutions, including absorbable tissue spacers.

Geographically, Europe and North America are anticipated to dominate the revenue shares of the absorbable tissue spacer market, jointly accounting for three-quarters of the market by 2032. North America, in particular, benefits from the presence of key market players and is witnessing a surge in prevalence, with data from the National Cancer Institute revealing that approximately 11.6% of men are expected to be diagnosed with prostate cancer during their lifetimes.

Hydrogel-based spacers emerge as the leading product type within the market, poised to experience significant revenue growth throughout the forecast period. The popularity and widespread adoption of hydrogel-based spacers can be attributed to their efficacy, durability, and reduced complications compared to conventional techniques for maintaining rectal space.

“The absorbable tissue spacer market is entering a phase of unprecedented growth driven by the escalating prevalence of prostate cancer and the increasing adoption of hydrogel-based solutions,” said a representative from FMI. “As leaders in this space, we are committed to advancing innovative solutions that enhance patient outcomes and address the evolving needs of healthcare providers.”

With demand expected to surge, market players are gearing up to capitalize on opportunities within the absorbable tissue spacer market. Continued investment in research and development, strategic partnerships, and product innovation will be instrumental in meeting the growing demand and driving the market forward.

Key Takeaways: Absorbable Tissue Spacer Market

  • Market size is expected to grow significantly, reaching over USD 303.8 million by 2032 from USD 80 million in 2018.
  • Anticipated growth rate of around 10% annually between 2022 and 2032.
  • Rising prostate cancer cases, particularly among older men, is a major driver. Prostate cancer is the second most common cancer in men after skin cancer (according to the American Cancer Society).
  • North America and Europe are expected to hold the dominant share (three-fourths) of the market by 2032.
  • North America’s strong market presence and increasing prostate cancer rates are key factors for its growth. Over 11% of men in the US are likely to be diagnosed with prostate cancer in their lifetime (National Cancer Institute data).
  • Hydrogel-based spacers are expected to be the most popular product type due to their widespread use and effectiveness.
  • The market is predicted to experience strong growth due to the advantages of hydrogel spacers, such as improved efficiency, durability, and fewer complications compared to traditional methods for maintaining rectal space during treatment.

Heightened Market Interest: Our Complete Report Delivers Extensive Analysis and Trends!

Key Players:

  • Boston Scientific Corporation (Augmenix)
  • Palette Life Sciences
  • BIOPROTECT LTD.
  • Biocomposites
  • Key Segment

By Product Type

  • Hydrogel-Based Spacer
  • Biodegradable Hyaluronic Acid Spacer
  • Biodegradable Balloon Spacer
  • Crystal-Based Spacer

By Application

  • Radiotherapy
  • Infection Management

By End Use

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialized Clinics

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surging Demand for Eco-Friendly Hot Melt Adhesives Fuels USD 12,675.7 Million Market Growth by 2032

The global hot melt adhesives market size is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%, from 2022 to 2032. The market is expected to reach a valuation of USD 7,562.9 Million by the end of 2022 and is predicted to reach USD 12,675.7 Million by 2032.

Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021. The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, part-time shifts, as well as introduction of automated production machinery, let manufacturers improve their market positions. These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period.

Several regulatory bodies including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) are expected to take more steps in order to limit the use of solvent-based adhesives which helps in reducing their negative impacts on the environment. These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032.

Key Takeaways

  • Renewable resources-based hot-melt adhesives comprise several benefits due to which they are rapidly being replaced by petroleum-based. Renewable resources-based hot-melt adhesives are inexpensive and have properties that match or exceed those of polymer-based adhesives. Prominent companies in the market are partnering with local firms in order to meet the growing demand for bio-based adhesives.
  • About two-thirds (60%) of renewable plant-based raw materials composition is extracted from plants. Key leading players are focusing on developing bio-based hot melt adhesives to meet the growing consumer demand and keep up with regulatory compliance. Commencing with the consumer packaging applications including end-of-line and labeling, bio-based hot melt adhesives are expected to gain traction.
  • The trend of do-it-yourself (DIY) is gaining momentum in both developed and developing countries. There are a variety of materials and surfaces that can be effectively glued by hot melt adhesive glue such as ceramics, fabrics, paper, cardboard, metals, and plastics, thereby making it ideal for DIY applications and DIY projects.
  • DIY being a relatively new term has gained traction across various developed countries such as North America and Europe. Owing to the easy availability of hot melt adhesive pens across these regions would aid growth. In addition to that, in the U.S. and Europe, the cost of labor is higher resulting in higher installation costs. Attributed to this, DIY methods for regular repairs and maintenance are popular in developed countries.
  • Hot melt systems are the most cost-effective on the basis of space and personnel requirements. As a result, it is not needed to operate large-scale drying and curing furnaces and pollution control equipment at a high cost. Like solvent-based systems, hot melt adhesives eliminate the need for solvent recovery and incinerators.
  • Solvent-free, bio-based melt adhesives are surging in the market from manufacturers of packaging solutions, disposable sanitary products, furniture & woodwork, automotive & transportation, and footwear are projected to drive the hot melt adhesives market.

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Competitive Landscape

In order to elevate their annual turnover and fortify their market positions worldwide, leading manufacturers in the market are purchasing small-scale market players. To efficiently meet the rising demand and thrive in the highly competitive market, key participants are also concentrating on mergers and expansion activities.

  • Arkema
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Ltd.
  • DOW Inc.
  • HB Fuller Company
  • Henkel AG & Co. KGaA
  • Jowat Se
  • Sika AG
  • Tex Year Industries Inc.
  • Adhesive Direct UK
  • Adtek Malaysia SDN BHD

Hot Melt Adhesives Market Outlook by Category

By Polymer Base:

  • Ethylene Vinyl Acetate
  • Polyolefin
  • Polyamide
  • Styrenic Block Copolymers
  • Polyurethane (PU)
  • Others

By End Use:

  • Packaging Solutions
  • Disposable Hygiene Products
  • Furniture & Woodwork
  • Automotive & Transportation
  • Footwear
  • Textile
  • Electronics
  • Bookbinding
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Asia Textile Chemicals Market Projected to Hit USD 24,600 Million by 2033 Amid Rising Demand and Sustainability Trends

According to a recent analysis report by FMI, the asia textile chemicals market has seen significant growth, registering a 7.4% increase from 2017 to 2022. In 2023, the market’s overall valuation has reached nearly USD 14,200 million. Looking ahead, the market is expected to grow at a rate of 6% from 2023 to 2033, reaching an estimated valuation of USD 24,600 million by 2033.

This expansion is driven by the growing demand for apparel, technical textiles, home textiles, and other textile products. As the population continues to rise, the increasing need for clothing and other textile items is expected to boost the demand for textile chemicals, challenging the industry’s manufacturing capacity.

The recent rise of the textile chemicals business has been driven supported by an increase in the textile industry, shifting fashion trends, and a preference for home décor and furnishing around the world. Moreover, the application of these chemicals in flooring and construction purpose has linked the Asia textile chemicals market growth with the infrastructure and real estate business as well.

Nevertheless, as the market product’s application breadth expands, customer preferences for bio-chemicals with similar qualities are expected to fuel development and limit the Asia textile chemicals market growth to certain degrees. Furthermore, the rising consumption of technical textiles in the automotive industry is likely to present new opportunities for market players in Asia.

Also, global commerce is becoming more difficult as a result of the recession in several nations, resulting in currency swings. The Eurozone crisis and the trade war of China with the US are two other key difficulties confronting the textile chemicals sector.

Key Takeaways from the Asia Textile Chemicals Market

  • China is the leading country in the Asia textile chemicals market and contributes to almost 58.5% of the total sales achieved per year which can be translated to USD 4 8.306 Million.
  • India is the second largest contributing regional textile chemicals market with a share of 12.6% in the Asia Market which is equal to USD 1,796 Million in the present year 2023.
  • Other Major regions surveyed by the report like Bangladesh, Vietnam, and Indonesia are found to be holding shares of 4.6%, 4%, and 3% respectively.
  • Japan is another significant contributor to the Asia textile chemicals market, particularly in Technical textiles manufacturing and sales.

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Competitive Landscape for the Asia Textile Chemicals Market Players

The Asia textile chemicals industry is dominated by a number of small regional players as well as large-scale producers and suppliers competing at the global level. The majority of textile chemicals companies are implementing new strategies and tactics through extensive R&D, mostly to meet the evolving needs for eco-friendly chemical

Recent Developments in Asia Textile Chemicals Industry

  • Solvay S.A.’s incorporation in January 2021 said that it will begin establishing a close circular economy utilizing blockchain payment technology. The system can be used to store, exchange, develop, and trace product details from feedstock producers’ sources to end consumers.
  • In October 2020, TANATEX Chemicals B.V. joined forces with other top textile firms to drive textile sector sustainability. The collaboration’s goal was to create sustainable chemicals for the textile sector.
  • Pulcra Chemicals bought Devan Chemicals, which is a textile chemicals firm, in July 2021. Devan Chemicals Company is well-known for its Bi-Ome antibacterial spectrum, and long-standing leadership in thermoregulation and flame retardant textiles.

Textile Chemicals Market by Category

By Product Type:

  • Textile Auxiliaries
  • Textile Colorants

By Process Type:

  • Pre-Treatment
  • Dyeing
  • Finishing
  • Others

By Application:

  • Apparels
  • Home Furnishings
  • Others

By Country:

  • China
  • India
  • Bangladesh
  • Vietnam
  • Indonesia
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Super Absorbent Polymer Industry size estimated to be USD 18.23 billion by 2034

One significant driver for the SAP industry is the augmenting demand for hygiene and personal care products globally. With the surge in hygiene awareness and growing populations, particularly in emerging economies, the demand for these products is expected to drive the growth of the SAP market.

The super absorbent polymer industry size is expected to be valued at USD 10.7 billion by 2024. The valuation of the market is estimated to be USD 18.23 billion by 2034, projected at a CAGR of 5.40%.

Concerns regarding non-biodegradability and potential pollution pose challenges for market growth, especially in regions where ecological sustainability is a priority. Addressing these concerns and developing eco-friendly alternatives are essential for mitigating this restraint and sustaining market growth.

Despite these challenges, there are significant opportunities for the SAP industry, particularly in agriculture and water management. Bio-based SAP innovations offer manufacturers opportunities to meet the increasing demand for environmentally friendly products and capitalize on emerging market trends.

As environmental concerns gain prominence, there is a growing focus on developing SAPs from renewable and biodegradable sources, such as starch-based polymers or cellulose derivatives. This trend aligns with consumer preferences for eco-friendly products and supports the industrial transition towards sustainability.

Key Takeaways from the Market Study

  • Under application, the disposable diaper segment is accounted to hold a market share of 76.5% in 2024.
  • China is expected to register at a CAGR of 6% by 2034.
  • India registers significant growth, projected at a CAGR of 8% by 2034.
  • Based on the product type, the sodium polyacrylate segment is accounted to hold a market share of 68% in 2024.

“The surge in demand for hygiene and personal care products globally due to the rise in population growth and hygiene awareness, a corresponding surge in the use of disposable diapers, feminine hygiene products,. can be seen pushing the super absorbent polymer market,” comments a Future Market Insights analyst.

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Competitive Landscape

In the competitive landscape of the super absorbent polymer (SAP) industry, established players dominate with extensive product portfolios and global reach.

Startups innovate with niche solutions, while differentiation through product quality, cost-effectiveness, and sustainability is crucial for success in this dynamic market driven by hygiene and personal care demands.

Key Companies Profiled

  • Nippon Shokubai Co., Ltd
  • Evonik Industries AG
  • BASF SE
  • Kao Corporation
  • Sumitomo Seika Chemicals Co. Ltd.
  • Sanyo Chemicals Industries, Ltd.
  • LG Chemicals Ltd
  • Yixing Danson Technology
  • Zhejiang Weilong Polymer Material Co., Ltd
  • Quan Zhou Banglida Technology Industry Co., Ltd.
  • Shandong Nuoer Biological Technology Co., Ltd.
  • Wanhua Chemical Group Co., Ltd
  • Sinofloc Chemical Ltd.
  • Formosa Plastic Corporation
  • Songwon Industrial Co. Ltd.

Some of the key developments are

  • In 2022, Formosa Plastic Corporation announced a significant expansion of its super absorbent polymer (SAP) production capacity to meet growing demand. The development underscored the company’s commitment to meeting market needs and strengthening its position in the SAP industry.
  • In 2022, Songwon Industrial Co. Ltd. unveiled a breakthrough innovation in biodegradable SAP technology, offering a sustainable alternative to conventional SAPs. This advancement aligned with the focus on environmental sustainability and positions Songwon as a leader in eco-friendly SAP solutions.

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Future Market Insights offers an unbiased global super absorbent polymer market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the super absorbent polymer market is segmented based on Product (Sodium Polyacrylate, Polyacrylamide Copolymer, Others), Application (Disposable Diapers, Adult Incontinence Products, Feminine Hygiene Products, Agriculture Products, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)

Key Segments

By Product:

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

By Application:

  • Disposable Diapers
  • Adult Incontinence Products
  • Feminine Hygiene Products
  • Agriculture Products
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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India Construction Chemical Industry to Surge: Projected USD 15,287.7 million by 2034 at 13.4% CAGR

The India Construction Chemical Market is experiencing a surge in demand, fueled by rapid urbanization, infrastructure expansion, and evolving construction practices. According to the latest industry insights, the market size is expected to grow from USD 4,350.8 million in 2024 to an impressive USD 15,287.7 million by 2034, reflecting a compound annual growth rate (CAGR) of 13.4%.

This growth trajectory is aligned with the Indian government’s emphasis on infrastructural projects such as Smart Cities, affordable housing, and sustainable urban development, alongside the construction sector’s shift toward more durable and environmentally friendly materials.

Understanding the India Construction Chemical Market

The India Construction Chemical Market refers to the range of chemical products specifically designed to enhance the quality, durability, and sustainability of construction projects. These chemicals are used in various applications, such as building, infrastructure, and industrial projects, providing solutions that improve performance, reduce costs, and address environmental concerns.

Construction chemicals play a vital role in improving workability, increasing strength, and protecting buildings and infrastructure from environmental factors like corrosion and weathering. Some of the prominent products in this market include concrete admixtures, waterproofing chemicals, sealants, adhesives, flooring compounds, and repair materials.

The adoption of construction chemicals is growing rapidly across India, with increased awareness of their role in improving construction quality and lifespan. Modern construction practices, particularly in urban centers, are increasingly reliant on these chemicals to meet stringent quality and safety standards.

India Construction Chemical Market Value and Growth Projections

As of 2024, the India Construction Chemical Market is valued at USD 4,350.8 million. However, with sustained growth and rising demand across multiple sectors, it is forecasted to reach USD 15,287.7 million by 2034. This remarkable growth, driven by a CAGR of 13.4% over the forecast period, underscores the sector’s expanding role in India’s construction landscape.

Several factors are contributing to this upward trajectory, including the country’s burgeoning population, increasing urban migration, and growing investments in infrastructure development. Moreover, government initiatives such as the ‘Housing for All by 2022’ mission, the National Infrastructure Pipeline (NIP), and the Smart Cities Mission are expected to further drive demand for construction chemicals.

These chemicals are essential for constructing high-quality, sustainable infrastructure that can withstand India’s diverse and sometimes harsh climate. The sector’s growth is also being propelled by the rising importance of green building materials, as sustainability becomes a core concern for builders and developers.

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Prominent Drivers of the India Construction Chemical Market

Several key drivers are fueling the growth of the India Construction Chemical Market:

  1. Rapid Urbanization and Infrastructure Development: With India’s urban population projected to grow exponentially in the coming years, the demand for modern infrastructure, including residential, commercial, and industrial buildings, will increase. Construction chemicals, particularly admixtures, and waterproofing solutions, will play a crucial role in these developments.
  2. Government Initiatives: Major government programs such as Pradhan Mantri Awas Yojana (PMAY), the Smart Cities Mission, and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) are creating significant demand for construction chemicals. These programs prioritize the creation of resilient and sustainable urban infrastructure, encouraging the use of high-performance materials.
  3. Focus on Sustainability: There is growing awareness among builders and developers regarding sustainable construction practices. Green building materials, including eco-friendly construction chemicals, are gaining traction. These chemicals improve energy efficiency, reduce carbon emissions, and ensure the longevity of buildings.
  4. Technological Advancements: The integration of advanced technologies like nanotechnology and polymer chemistry in construction chemicals is enhancing the performance of products like sealants, adhesives, and coatings. These innovations are helping builders meet the rising demand for durable and cost-effective construction solutions.

Leading Construction Chemical Brands in India

  • Pidilite Industries Ltd.
  • Dow Inc.
  • Asian Paints Ltd.
  • Fosroc Chemicals India Pvt. Ltd.
  • Berger Paints India Ltd.
  • BASF SE
  • Saint-Gobain S.A.
  • ACC Ltd.
  • Sika AG
  • Ultratech Cement
  • Thermax Ltd.
  • Akzo Nobel N.V.
  • Cera-Chem India Private Ltd.
  • MYK LATICRETE India
  • Somany Ceramics
  • Mapei SpA
  • Chembond Chemicals Ltd.
  • Ardex Group
  • CICO Technologies Ltd.
  • KERAKOLL India Pvt. Ltd.

Challenges Faced by the India Construction Chemical Market

Despite the strong growth prospects, the India Construction Chemical Market faces several challenges that could impact its expansion:

  1. Lack of Standardization: The absence of standardized guidelines and regulations for construction chemical usage in India poses a significant challenge. This often results in inconsistent product quality and limited awareness among construction professionals about the proper use of these chemicals.
  2. Price Sensitivity: While construction chemicals offer long-term cost benefits, the initial investment required for their use can be a barrier, especially in price-sensitive markets. Small-scale builders may hesitate to adopt these products due to higher upfront costs compared to traditional materials.
  3. Low Awareness and Skilled Workforce: Although the benefits of construction chemicals are well-known globally, many local contractors and builders in India are still unaware of their advantages. Moreover, the market suffers from a shortage of skilled workers who are trained to apply these chemicals correctly.
  4. Environmental Concerns: The construction industry is under increasing pressure to minimize its environmental footprint. While construction chemicals can help reduce emissions, their production and disposal processes can sometimes contribute to pollution if not managed responsibly.

Future Outlook

The India Construction Chemical Market is set for substantial growth, with opportunities across various segments, including residential, commercial, and industrial construction. With urbanization, government-backed infrastructure projects, and a rising focus on sustainable building materials, the market is poised to be a critical player in India’s future development.

As the industry evolves, addressing the challenges of standardization, awareness, and environmental impact will be key to unlocking the full potential of construction chemicals in India. With continued innovation and investment, the market is well-positioned to meet the growing demand for high-performance, sustainable construction solutions.

Key Segments of Industry Report

By Product Type:

A few product types included in the study are concrete admixture, waterproofing chemicals, adhesives and grouts, sealants, repair and rehabilitation, flooring compounds, protective coatings, plaster, and asphalt additives. Concrete admixtures are further segregated into plasticizer, accelerator, retarder, and air entrained. Waterproofing chemicals are divided into bitumen, polyurea, self-leveling system (cementitious and epoxy), PVC, EPDM, TPO, PTFE, silicon, acrylic polymer, styrene-butadiene, cementitious membrane, PU membrane (liquid-applied membrane), crystalline, and additives. Adhesives and grouts cover tile adhesive (cementitious and dispersion and resin), tile grouts (cementitious and epoxy), and masonry mortar and plaster.

Sealants encompass silicon, MS hybrid, polyurethane, weatherproof silicon, and polysulfide. Repair and rehabilitation products consist of cement-based, epoxy-based, micro concrete, composite carbon and glass fiber wrapping systems, and carbon laminates. Flooring compounds include floor hardeners, epoxy- and PU-based floor coatings and toppings, and cementitious/epoxy/PU screeds. Protective coatings cover epoxy, polyurethane, bituminous, acrylic, alkyd, and polyester. Plaster is bifurcated into cement-based and gypsum-based.

By Application:

Infrastructure, commercial and industrial, and residential are the key application areas.

By Region:

Regions considered in the study include North India, West India, South India, and East India.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Biobased Biodegradable Plastic Market to Reach USD 13.6 billion by 2033 Amid Rising Demand for Sustainable Packaging Solutions

The biobased biodegradable plastic market size, valued at USD 5.2 billion in 2023, is poised for significant growth, expanding at a compound annual growth rate (CAGR) of 10% over the next decade. This growth trajectory is expected to propel the market to a valuation of approximately USD 13.6 billion by 2033. The increasing global focus on sustainability and the reduction of plastic waste are driving the demand for eco-friendly alternatives, contributing to the robust expansion of the biobased biodegradable plastics sector.

Growing public awareness of plastic waste and its negative environmental impact has resulted in an increased popularity of biobased biodegradable polymers. Customers as well as companies are looking for sustainable options that decrease plastic waste and protect the environment.

Globally, rigorous laws and regulatory frameworks are prohibiting single-use plastic and encouraging the usage of biodegradable materials. Adherence to these rules is a primary motivator, driving firms to use biobased biodegradable polymers for a variety of uses.

Many corporations are implementing biobased biodegradable polymers as an aspect of their corporate social duty programs. Sustainable practices in company practices improve the brand’s reputation and fulfill the needs of environmentally conscious customers.

Persistent bioplastic technological advancement is resulting in the invention of new and affordable recyclable materials. Manufacturing methods and material composition breakthroughs have broadened the practical usage of biobased biodegradable polymers.

Client preferences are evolving and there is a burgeoning eco-conscious customer base. Customers are favoring biodegradable plastic in items and packaging, prompting businesses to spend on those substances and fueling market growth.

Sustainability issues, tough restrictions, and customer preference for environment-friendly alternatives are driving considerable growth in the biobased biodegradable plastic industry in the United States.

The market has been propelled further by increasing public consciousness of plastic waste and an increasing focus on business sustainability practices.

The proactive involvement of the United Kingdom in Circular Economy frameworks has stimulated the emergence of bioplastic recycling facilities, offering new market prospects. Leading brands and retailers are switching to recyclable packaging, which is boosting the industry’s development.

Key Takeaways

  • The United States is estimated to be valued at US$ 1.2 billion by 2033.
  • The market in the United Kingdom is predicted to expand at a 9.6% CAGR from 2023 to 2033.
  • The biobased biodegradable plastic market in the United Kingdom is projected to reach US$ 400 million by 2033.
  • The biobased biodegradable plastic market in China is anticipated to be worth US$ 1.4 billion.
  • The market in China is expected to record a CAGR of 10.1% through 2033.

“Partnership between the public and business sectors is going to encourage research and provide a steady supply of novel biodegradable products. Market dominance in emerging nations, combined with increased awareness of ecological issues globally, is expected to fuel market growth,” says an FMI analyst.

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Competitive Landscape

Competitiveness in the market fluctuates from minimal to considerable depending on area. Because of the enormous number of participants in Europe and North America, competition is moderate. On the other hand, due to limited market participants, competition in Asia Pacific is minimal.

Key market players are investing heavily in research and development to introduce revolutionary biodegradable plastic materials that are both sturdy and easily recyclable in the natural environment.

  • Futerro declared plans in December 2022 to build an initial vertically linked biorefinery in Europe in Normandy, France, for the manufacture and reusing of PLA.
  • NatureWorks held a ceremony in February 2023 to commemorate the completion of the organization’s Ingeo PLA production complex in Thailand.

Leading Players

  • BASF SE
  • Plantic Technologies
  • Toray Industries
  • Total Corbion PLA
  • Natureworks
  • Biome Bioplastic.
  • Bio-On
  • Mitsubishi Chemical Corporation
  • Danimer Scientific
  • Novamont S.P.A.

Biobased Biodegradable Plastic Market Report

Future Market Insights, in its new offering, presents an unbiased analysis of the global biobased biodegradable plastic market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Product Type (polyester, starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate), Application (packaging, fibers, healthcare, agriculture, others), and Region.

Segmentation Analysis of the Biobased Biodegradable Plastic Market

By Product Type:

  • Polyester
  • Starch blends
  • Poly lactic acid (PLA)
  • Cellulose
  • Polyhydroxyalkanoate (PHA)
  • Other biobased biodegradable plastic

By Application:

  • Packaging
  • Fibres
  • Healthcare
  • Agriculture
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Asia Pacific Flexible Glass Market Poised for Exponential Growth with a Projected CAGR of 36.5% from 2020

The Asia Pacific flexible glass market is set for remarkable growth in the coming years, driven by its wide range of applications in high-tech industries and rapid technological advancements. With an initial market value of USD 612.7 million in 2020, the market is projected to experience an impressive compound annual growth rate (CAGR) of 36.5%, underscoring the potential for further market expansion across the region. This growth trajectory is driven by increased demand for flexible, lightweight, and durable materials across several sectors, including consumer electronics, automotive, and energy industries.

Understanding the Asia Pacific Flexible Glass Market

Flexible glass is a revolutionary material that combines the strength and durability of conventional glass with the versatility of plastic-like flexibility. It is ultra-thin, highly flexible, and lightweight, making it a preferred material in industries where traditional rigid glass falls short. Its ability to withstand bending and twisting without breaking or cracking makes it especially suitable for applications in flexible displays, advanced touchscreens, curved solar panels, and wearable devices.

In the Asia Pacific region, the flexible glass market has gained traction due to the growing emphasis on innovation and cutting-edge technology, particularly in countries such as China, Japan, South Korea, and India. These countries are not only major electronics manufacturing hubs but also house a significant portion of the world’s largest consumer bases, contributing to the increased adoption of flexible glass solutions.

Asia Pacific Flexible Glass Market Value and Growth Projections

As of 2020, the Asia Pacific flexible glass market was valued at USD 612.7 million, and its growth projections are nothing short of remarkable. With a projected CAGR of 36.5%, the market is expected to continue on an upward trajectory throughout the forecast period, largely due to expanding consumer electronics and automotive industries in the region.

The development of advanced smartphones, foldable displays, wearable technology, and flexible photovoltaic cells are key sectors driving the demand for flexible glass. In addition, the rise of smart cities and the proliferation of IoT (Internet of Things) devices are likely to increase the need for durable, thin, and bendable materials. With China and South Korea at the forefront of innovation in flexible display technology, these countries are expected to contribute significantly to market growth.

The renewable energy sector is also playing a crucial role in boosting demand for flexible glass. As governments in the region prioritize clean energy, flexible glass is increasingly being used in lightweight, bendable solar panels, which are easier to install on unconventional surfaces, such as rooftops, and offer more flexibility in deployment.

Prominent Drivers of the Asia Pacific Flexible Glass Market

The Asia Pacific flexible glass market is being driven by several key factors:

  1. Rising Demand in Consumer Electronics: Flexible glass is playing a pivotal role in transforming consumer electronics, with manufacturers continuously seeking ultra-thin and bendable materials to innovate new product designs. Smartphones, foldable displays, and wearable devices are some of the prominent applications where flexible glass is making a significant impact. The increasing popularity of foldable smartphones, in particular, is fueling demand for flexible glass as it provides both aesthetic and functional benefits over rigid alternatives.
  2. Automotive Industry Expansion: The automotive sector in the Asia Pacific is witnessing substantial growth, and flexible glass is finding new applications in the development of advanced automotive displays and curved dashboards. As the industry moves towards more connected and automated vehicles, the demand for sophisticated in-car displays and lightweight components is likely to contribute to the market’s growth.
  3. Renewable Energy Sector Growth: Governments across Asia Pacific are heavily investing in renewable energy sources such as solar power. Flexible glass is increasingly being utilized in solar panels due to its lightweight and bendable properties, which make it easier to install on non-flat surfaces. The region’s focus on sustainability and energy efficiency is further promoting the use of flexible glass in these applications.
  4. Technological Advancements and Innovation: Continued innovation in material science and manufacturing processes is reducing the cost of production and improving the overall performance of flexible glass. With advancements in display technology and the increased adoption of flexible OLED displays, manufacturers are seeking flexible glass as a key material to enhance product performance and durability.

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Challenges Faced by the Asia Pacific Flexible Glass Market

Despite its rapid growth, the Asia Pacific flexible glass market is not without challenges:

  1. High Production Costs: One of the main barriers to widespread adoption of flexible glass is the high cost of production, which remains significantly higher compared to traditional glass or plastics. As the market matures, manufacturers are expected to face increased pressure to reduce production costs while maintaining quality standards.
  2. Limited Manufacturing Capacity: While there is significant demand for flexible glass, the production capacity in the Asia Pacific region is still in the developmental stage. Manufacturers need to invest heavily in scaling up production capabilities to meet the growing demand from various industries.
  3. Technical Challenges in Integration: Despite its advantages, integrating flexible glass into existing manufacturing processes can present technical challenges. Some industries, particularly in consumer electronics, may encounter issues related to the durability and performance of flexible glass when used in extreme conditions.
  4. Competition from Alternative Materials: The flexible glass market faces stiff competition from alternative flexible materials, such as plastic polymers, which offer similar flexibility at a lower cost. These alternatives could potentially slow down the adoption of flexible glass in certain sectors.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surging Demand for Lithium-Ion Batteries Fuels Ethylene Carbonate Market Growth, Expected to Hit USD 559.6 million by 2034

The global ethylene carbonate industry value reached USD 323.3 million in 2023. Over the forecast period, the value is anticipated to rise at a CAGR of 5%. The sector is predicted to increase from USD 342 million in 2024 to USD 559.6 million in 2034.

Demand for ethylene carbonate is increasing due to the rising demand for electric vehicles and energy storage systems worldwide. Carbonate is gaining popularity in lithium-ion battery formulations and has applications in plastics, coatings, adhesives, and pharmaceuticals sectors.

Growing usage of lithium-ion batteries in electric vehicles will augment the growth in the market. Ethylene carbonate is one of the most reactive solvents relevant to lithium-ion batteries (EC). Increasing sales of electric vehicles are bolstering the demand for Li-ion batteries, thereby favoring the growth in the ethylene carbonate market.

Ethylene carbonate is an important reactive intermediate in the production of lubricants and greases. Lubricants are widely used in the manufacturing and transportation industries to ensure the smooth operation of the object. Consumption of ethylene carbonate is expected to grow across the industrial, automotive, and oil and gas sectors, where lubricants are widely used.

“Over the assessment period, sales of ethylene carbonate are expected to be driven by its consumption in lithium battery electrolytes & lubricants across the globe, followed by plasticizers and surface coatings.”says an FMI analyst.

Opportunities: Emergence of lithium-sulfur batteries

The energy-storing capacity of lithium-sulfur batteries is leading to their growing demand. These batteries can store ten times more energy than lithium-ion batteries. Ethylene carbonate is used as an electrolyte in lithium-sulfur batteries. Lithium-sulfur batteries are considered promising next-generation batteries for electric vehicles. This is because they have a sulfur cathode that is cheap and easily available and has a low toxic impact on the environment compared to lithium-ion batteries. This is expected to increase the demand for ethylene carbonate in lithium-sulfur batteries.

Challenges: Fluctuating oil & gas prices

The increasing global demand for crude oil and the unrest in the Middle East are major factors responsible for the fluctuating prices of ethylene carbonate. The ethylene carbonate market is also affected by high transport costs, driven by rising fuel prices and high manufacturing costs, resulting from increased energy costs. Manufacturers of ethylene carbonate have responded to the increase in manufacturing cost by ensuring that the rise in prices is asymmetrically shared, with end-users paying the majority share. Hence, the fluctuating oil & gas prices act as a challenge for the ethylene carbonate market.

Key Takeaways:

  • Based on application, the lubricants segment is projected to hold approximately 32% of the total market share in 2022.
  • Sales in the lithium battery electrolyte segment will grow at 6.4% CAGR through 2032.
  • In terms of end use, demand in the automotive segment will reach a valuation of USD 204.1 Million by 2032.
  • The India ethylene carbonate market is forecast to expand at a 6.8% CAGR over the assessment period.
  • The China ethylene carbonate market will reach a valuation of US$ 127.3 Million by 2032.
  • East Asia will emerge as an attractive ethylene carbonate market, creating an incremental dollar opportunity of USD 83.5 Million over the forecast period.

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Competitive Landscape

Key Companies Profiled

  • Oriental Union Chemical Corporation
  • Huntsman Corporation
  • BASF SE
  • Mitsubishi Chemical Corporation
  • Toagosei Co., Ltd.
  • Asahi Kasei
  • Prasol Chemicals Ltd
  • Shandong Shida Shenghua Chemical Group
  • Shandong Senjie Chemical
  • Dubi Chem
  • Alfa Aesar

Key players are investing in mergers, acquisitions, and collaborations to improve their product portfolios. They are also investing in production facility expansions to cater to the growing demand from various end-use sectors. For instance:

  • In June 2021, Huntsman Corporation’s Performance Products division announced plans to significantly increase its existing capacity for ULTRAPURETM Ethylene Carbonate at its Conroe, Texas facility by mid-2023. ULTRAPURETM Ethylene Carbonate is essential for the safe operation and long life of lithium-ion batteries used in electric vehicles (EVs) and electronics.

Ethylene Carbonate Market by Category

By Product Form:

  • Solid
  • Liquid

By Application:

  • Lithium Battery Electrolyte
  • Plasticizers
  • Lubricants
  • Surface Coatings
  • Others

By End-Use Industry:

  • Oil & Gas
  • Automotive
  • Pharmaceuticals
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube