Market Research Blog

The demand for advanced ceramics remains significant in healthcare and medical equipment industries, while transportation, chemical, and defense & military are becoming significantly important end-use industries in the advanced ceramics market.

Data Points	Key Statistics
Growth Rate (2016-2021)	3.9% CAGR
Projected Growth Rate (2022-2032)	5.4% CAGR
Expected Market Value (2022)	US$ 62,341.6 Million
Anticipated Forecast Value (2032)	US$ 105,483.4 Million

Leading market players are expected to introduce innovative products with unique material properties while limiting their lifetime operational costs, to maintain a competitive edge.

Traditional ceramics were known to have wide-ranging applications, however their downsides and limitations gave rise to the development of advanced ceramics. Like their traditional counterparts, advanced ceramics are also used across a variety of applications, and manufacturers are further modifying their properties to suit more specific needs of end users.

Three-fourth of the Advanced Ceramics are Manufactured for the Electrical & Electronics Industry

Advanced ceramics is a commonly used component in various industrial areas such as construction, medical, aerospace, and chemical. However, electrical & electronics is among the leading industries that makes use of advanced ceramics, and the type used in this area is known as electroceramics.

Nearly3/4th of the advanced ceramics manufactured are electroceramics, as the electrical & electronics industry is gaining momentum worldwide.

Ongoing advancements in electronics technologies and growing demand for modern consumer electronics appliances are expected to trigger manufacturers in the advanced ceramics market to introduce innovative characteristics of their offerings.

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For instance, greater wear resistance, compressive strength, and high pressure and temperature resistance properties of advanced ceramics will remain the most sought-after parameters of electroceramics in the coming years. This will further influence the recent trends in the advanced ceramics market globally.

Advanced Ceramics Market Witnesses Steep Cutbacks in Manufacturing During COVID-19 Pandemic

The COVID-19 pandemic has had a significant impact on most industrial operations, and the advanced ceramics market is no exception. Some of the companies involved in the supply chain were deemed essential, and had been operations even during the lockdown.

However, most of the players had to keep their manufacturing plants shut during the lockdown, hence witnessed major supply chain challenges.

The emergence of the coronavirus in the Asia Pacific region created significant bottlenecks for advanced ceramics market players, which is mainly attributed to the impact of the pandemic in big end-use industries.

Leading players in the global advanced ceramics market are expected to increase their focus on shifting to second sources of critical raw materials and improving agility of business operations, in order to emerge stronger out of the COVID-19 pandemic.

Advanced Ceramics Market: Region-wise Analysis

The global market for advanced ceramics is geographically segmented into seven regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Geographically, Asia Pacific region is expected to account for a significant value share of the global market for advanced ceramics, especially with the increasing presence of market giants in the region. Asia Pacific region, followed by North America and Latin America will witness incremental growth, creating new opportunities for advanced ceramic businesses in the coming years.

China, Japan, and India are among the countries that may create more lucrative opportunities for market players, attributing to the rapid growth of end-use industries such as electronics and medical equipment industries, in these countries.

Furthermore, increasing investments in South America and North America will also signify lucrative opportunities in the region. Leading manufacturers of advanced ceramics are entering these markets to establish a stronghold globally.

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Advanced Ceramics Market: Competitive Landscape

• CoorsTek
• Kyocera Corp
• Corning IncMorgan Advanced Materials
• Murata Manufacturing Co. Ltd
• Ceram Tec.
• Ceradyne Inc.

In May 2019, Kyocera Corporation – a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan – announced that the advanced ceramics business operations of Friatec GmbH – a German manufacturer of connection technology – will be acquired by Kyocera’s Germany-based European headquarters, Kyocera Fineceramics GmbH.

A month prior to this acquisition, the company also took over H.C. Starck Ceramics GmbH (now: Kyocera Fineceramics Precision GmbH), a German company specializing in non-oxide fine ceramic components, and this way, Kyocera is aiming to strategically position the company in European markets to cater to the increasing demand for advanced ceramic components in the region.

In September 2019, General Electric announced that it has signed a definitive agreement with Apollo Management, L.P. – a private investment firm headquartered in the United States – to sell GE Advanced Materials (Silicones & Quartz). The company also declared that GE Advanced Materials is valued at US$ 2.5 billion and is a supplier of silicone-based products including advanced ceramics, sealants, and adhesives. The deal valued at approximately US$ 3.8 billion in cash and securities.

In June 2020, Morgan Advanced Materials – a global manufacturer of specialist products, using carbon, advanced ceramics and composites, headquartered in the United Kingdom – announced that it has acquired Carbo San Luis – a Argentina-based manufacturer of abrasives. This acquisition was in line with Morgan Advanced Materials’ strategy to continue investments to expand networks in the region.

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Advanced Ceramics Market: Segment Analysis

The advanced ceramics market can be segmented on the basis of the following:

By Class

• Ceramic Coatings
• Monolithic Ceramics
• Ceramic Matrix Composites
• Others (Multilayer ceramics, advanced coatings)

By Material

• Silicon Carbide Ceramics
• Alumina Ceramics
• Zirconia Ceramics
• Titanate Ceramics
• Others (Aluminum Nitride, Magnesium Silicate, Silicon Nitride, Pyrolytic Boron Nitride)

By End-use industry:

• Medical
• Transportation
• Electrical & Electronics
• Defense & Security
• Chemical
• Environmental
• Others (Mining, Marine, Textile)

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.

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As per FMI, the global green ammonia market is anticipated to grow at a CAGR of 71.7% between 2023 and 2032, totaling a valuation of US$ 6,271.1 Mn by the end of 2032. Growing shift towards green energy, presence of stringent emissions regulations, surging demand for green fertilizers, and ambitions toward zero-carbon energy goals are some of the key factors boosting the demand for green ammonia.

Green Ammonia Market Size (2023E)	US$ 48.2 Mn
Projected Market Value (2032F)	US$ 6,271.1 Mn
Value-based CAGR (2023-2032)	71.7%
Collective Value Share: Top 3 Countries (2032E)	44%

Similarly, increasing prominence of green ammonia in agriculture and various other industrial sectors, such as transportation, power generation, and others are also driving the green ammonia market.

The market for green ammonia has been significantly influenced by certain demographic factors, macro-economic factors, and certain innovation factors including growing energy transitions, development of green and renewable energy resources, supportive government regulations, policies, and initiatives towards the development of a hydrogen-based economy.

An increase in the investment for the development of green ammonia with increased applications for several end-use industries is expected to boost the market growth during next ten years.

Furthermore, increasing number of green hydrogen plants, adoption of ammonia as a green hydrogen carrier owing to a number of factors, such as ease of storage and transportation, established logistics and end-use markets, and increasing interests in ammonia as power generation feedstocks will further bolster sales in the green ammonia market during the forthcoming years

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“Growing demand for sustainable energy sources and green chemicals for various applications to minimize emission levels and protect environment is expected to propel the demand for green ammonia over the coming decade,” says an FMI analyst.

Key Takeaways:

• By production process, alkaline water electrolysis segment is estimated to account for about 1% of the overall market size during the assessment period.
• By end use, the fertilizer segment is anticipated to witness a consumption rate of about 6% green ammonia in terms of value.
• The U.S. is set to remain one of the prominent markets for green ammonia throughout the forecast period.
• The green ammonia market in North America is poised to grow at 74% CAGR between 2022 and 2032.
• Germany and the U.K. collectively account for around 0% share of the Europe Green Ammonia market.

Competitive Landscape

The market of green ammonia is highly consolidated one, where key players are expected to account for a major share of the market. CF Industries Holdings, Inc., BASF SE, Yara International ASA, Maire Tecnimont S.p.A., ACME Group, Fertiglobe plc, NEL Hydrogen, ThyssenKrupp AG, ITM Power, Holder Topsoe, Green Hydrogen Systems, Greenfield Nitrogen LLC, Siemens, and many others are some of the manufacturers and technology providers of green ammonia.

Key players are constantly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further top players are also investing significantly for innovation in the product series.

For instance, in 2022, Yara, ACME, and Scatec signed an agreement for the sale of green ammonia from Oman. The joint venture aims to build the first phase of the project of 12 km² of land to produce 100,000 metric tons of green ammonia per annum. The produced green ammonia will be supplied to various end-use industries such as the shipping, power, and steel industry.

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Green Ammonia Market Segmentation

By Production Process:

• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis

By End Use:

• Fertilizer
• Transportation
• Power Generation
• Industrial Feedstock
• Others

By Region:

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

More Insights into the Green Ammonia Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global green ammonia market, forecast statistics for the period 2023-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on the production process, end use, and region.

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/green-ammonia-market
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The global Bioresorbable Polymers market is anticipated to garner US$ 5 Billion while expanding at a CAGR of 13% during the forecast period. The market is estimated at US$ 1.3 Billion in 2021 and US$ 1.47 Billion in 2022. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry’s growth.

Data Points	Key Statistics
Bioresorbable Polymers Market Value 2022	US$ 1.47 Billion
Bioresorbable Polymers Market Projected Value (2032)	US$ 5 Billion
Bioresorbable Polymers Market CAGR (2022-2032)	13%

Bioresorbable polymers can biodegrade inside the human body, which permits physicians to eradicate the necessity for the following surgery to eliminate temporary implants. It also minimizes the post-surgery risk to the patient without causing a threat to the patient’s body. Owing to these factors, the product is finding wide application in the healthcare industry for the manufacturing of stents and other implants.

In recent years, the demand for bioresorbable polymers has burgeoned at a significant rate, backed by the growing health concerns among consumers. Consumers do not want to take unnecessary medications and therapies which may cause adverse effects on the human body after surgery. In terms of product type, the demand for polylactic acid is rising at an impressive rate owing to the growing adoption by manufacturers as a raw material for the development of implants.

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Key Takeaways:

• By Product type, the polylactic acid segment of the Bioresorbable Polymers segment expanded at a ~12% CAGR
• Based on Application, the orthopedic segment of Bioresorbable Polymers is estimated to record an ~13% CAGR
• North America region is likely to account for the majority share of nearly 32% during the forecast period
• Europe region is estimated to gain significant traction in the market for Bioresorbable Polymers, Germany is likely to hold the majority share.

“With the growing adoption of the minimally invasive surgery, the prominent manufacturers are compelled to develop the biodegradable implants which in turn is likely to boost the demand for the bioresorbable polymers over the coming years”.

Competitive Landscape

Key players in the global Bioresorbable Polymers market include Corbion NV, Evonik Industries AG, Poly-Med Inc., Foster Corp., Abbott, KLS Martin Group, 3D Biotek LLC., Sunstar Suisse S.A., DSM, Futerro, among others.

Recent key developments among players are:

• In June 2021, NatureWorks LLC invested USD 600 million for a PLA facility in Thailand. The company is focusing on increasing its annual PLA production capacity to 75,000 tons for Ingeo PLA grade.
• In Jan 2021, Evonik closed its previously announced acquisition of the LACTEL® Absorbable Polymers product line from DURECT Corporation. The acquisition of the LACTEL® business strengthened the company’s innovation growth field in Healthcare Solutions and Evonik’s position as a globally leading integrated CDMO for drug delivery solutions.
• In Feb 2022, 3D Biotek Introduced a new 3D Insert^TMPCL scaffolds for large-scale 3D cell expansion. As Compared with traditional 2D culture, 3D Insert^TM PCL technology more closely resembles an in vivo In September 2020, DSM announced a partnership with PBC Biomed, an Ireland-based medical device design and development company. This partnership will focus initially on the development of regenerative bone adhesives for safe and cost-effective surgical procedures.

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Key Segments Covered in the Bioresorbable Polymers Industry Analysis

Bioresorbable Polymers Market by Product:

• Polysaccharides Bioresorbable Polymers
• Proteins Bioresorbable Polymers
• Polylactic Acid Bioresorbable Polymers
• Polyglycolic Acid Bioresorbable Polymers
• Polycaprolactone Bioresorbable Polymers
• Others

Bioresorbable Polymers Market by Application:

• Bioresorbable Polymers in Drug Delivery
• Bioresorbable Polymers in Orthopedics
• Others

Bioresorbable Polymers Market by Region:

• North America Bioresorbable Polymers Market
• Latin America Bioresorbable Polymers Market
• Europe Bioresorbable Polymers Market
• East Asia Bioresorbable Polymers Market
• South Asia Bioresorbable Polymers Market
• Oceania Bioresorbable Polymers Market
• Middle East & Africa Bioresorbable Polymers Market

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the bioresorbable polymers market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Product (Polysaccharides, Proteins, Polylactic Acid, Polyglycolic Acid, Polycaprolactone, Others) by Application (Drug Delivery, Orthopedics, Other) & Region (North America, Europe, East Asia, South Asia, Oceania, Middle East & Africa, and Latin America).

About the Chemical & Materials Division at Future Market Insights

The Chemical & Materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the chemical & materials industry lucidly in 40+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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/bioresorbable-polymers-market
For Sales Enquiries: sales@futuremarketinsights.com
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The report titled ‘Global Water and Waste Water Treatment Chemicals Market – Competition Blueprint – 2019’ is second in line publication by the Ireland-based competition intelligence research firm FMI, which regularly tracks competition development in the chemical sector and provides a matrix based assessment of company ranking on multivariate parameters.

The chemical sector has always been exposed to boisterous competition development, which frequently translates to flutter developments in the industry – as a result of strategic realignments by market actors. Water and wastewater treatment chemicals market is no different, and a recent report in competition in global water and wastewater treatment chemicals market released by Future Market Insights (FMI) presents an elucidated view of the same.

The competition blueprint report on Global Water and Waste Water Treatment Chemicals Market, identifies Ecolab Incorporated (including Nalco Holdings), Kurita, Berwind Corporation and Dorf Ketal in “Industry Titan’ category, whereas other prominent market actors such as, but not limited to CLIF, FMC Corporation, Kemira, Suez in dominator category.

As per a recent market analysis by Future Market Insights (FMI), the global recycled concrete aggregates market is expected to be worth US$ 8,775.81 million in 2022, rising to US$ 16,785.4 million by 2032. From 2022 to 2032, the demand for recycled concrete aggregates is expected to increase at a steady CAGR of 6.7 percent.

Attributes	Details
Recycled Concrete Aggregates Market CAGR (2022-2032)	6.7%
Recycled Concrete Aggregates Market Value (2022)	US$ 8,775.81 Mn
Recycled Concrete Aggregates Market Value (2032)	US$ 16,785.4 Mn

Growing environmental awareness, as well as the importance of recycled materials in the construction industry, are expected to drive demand for recycled concrete aggregates. The construction industry is expected to present several growth prospects for the recycled concrete aggregates market’s key players. This is owing to its ability to create jobs, which can assist the industry in shifting toward sustainability and digitization.

The sales of recycled concrete aggregates are quickly increasing as a result of increased residential construction and infrastructure development. Furthermore, developing-country governments are implementing a wide range of housing programmes and residential projects, creating a demand for low-cost, recycled construction aggregates.

The demand for recycled concrete aggregate is increasing since it is more environmentally friendly than processing construction aggregate, which has a negative influence on the environment. As a result, construction companies prefer recycled concrete aggregates, fueling market expansion. Furthermore, recycled concrete aggregate is used as a filter material to add volume, strength, and resistance to erosion.

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The structure, fundamental gravity, and surface roughness of the product are determined by recycled concrete aggregates. It is less expensive than cement and may be used in large quantities, which is one of the primary factors affecting recycled concrete aggregate sales over the predicted period.

“The adoption of recycled concrete aggregates is growing as a feasible substitute for conventional sources and is becoming a popular trend in industrialised nations.”- FMI Analyst.

Key Takeaways:

• The unprocessed category dominated the market in 2021, accounting for 60% of sales of recycled concrete aggregates worldwide.
• With 31% of global sales in 2021, the roadway and pavement segment dominated the market.
• North America dominated the recycled concrete aggregates market and accounted for the greatest revenue share of around 41% in 2022 as a result of the rising demand for recycled concrete aggregates as a sustainable source throughout the region.
• The market for recycled concrete aggregates has the biggest development potential in the Europe region.
• Due to a lack of experience, a lack of understanding of the advantages of recycled aggregates, as well as changes in laws and regulations, the Middle East and Africa are now facing slow growth.

Competition Landscape in the GCC Countries Medical Tourism Market

The market for recycled concrete aggregates is highly fragmented, with multiple regional and local companies providing solutions in a specific geographic area.

The market has experienced an increase in the number of developing enterprises and new market entries due to the nature of the sector and the lack of unduly demanding technical and capital requirements. The sector is also governed by environmental regulations, which differ by area.

Established enterprises with a strong compliance policy have a significant presence in established countries, while mid-sized and new players in emerging markets continue to seek services to help them stay in compliance. Manufacturers are most likely to create collaborations with major construction corporations and government organisations in order to increase sales.

Major players present in the recycled concrete aggregates market are Lehigh Cement, Vulcan Materials Company, FERMA CORP, LafargeHolcim, Top Grade Site Management, LLC, Delta Sand & Gravel Co., CEMEX S.A.B. de C.V., Southern Crushed Concrete, Big City Crushed Concrete, Independence Recycling of Florida.

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Recent Developments in the GCC Countries Medical Tourism Market:

• CRH spent $3.5 billion to acquire Ash Grove Cement Company in Overland Park, Kansas.
• CEMEX supplied roughly 55,000 cubic yards of ready-mix concrete for Plaza Coral Gables phase one, which is scheduled to be completed in 2020. CEMEX is also planning to provide more than 170,000 cubic metres of hydraulic concrete for a 50-kilometer stretch of the main commerce route connecting Mexico and the United States.
• LafargeHolcim has been awarded a CAD 100 million infrastructure contract by the British Columbia Ministry of Transportation and Infrastructure for a major highway repair project in Vancouver, Canada. LafargeHolcim also acquired Metro Mix, LCC, a Colorado ready-mix concrete manufacturer.
• Aggregates USA, LCC was purchased by Vulcan Materials Company. In addition to three granite quarries, the deal includes sixteen train distribution yards in South Carolina, Florida, and Georgia.

Key Segments

By Product:

• Unprocessed
• Processed

By Application:

• Roadway & Pavement
• Bridges
• Bulk Fills & Riverbank Protection
• Concrete Manufacturing
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Recycled Concrete Aggregates Market Analysis 2017-2021 and Forecast, 2022-2032

TOC Continued…!

According to a recent study of Future Market Insights (FMI), global sales of calcium sulphate surpassed 285 thousand tons in 2018, and will record a 3.5% Y-o-Y growth in 2019. The study estimates construction industry to account for over 75% of overall calcium sulphate sales in 2019. While calcium sulphate has traditionally witnessed substantial adoption in the construction sector, there has been a significant increase in demand for calcium sulphate in paints & coatings, and industrial wastewater treatment applications in the recent past.

Steady growth prospects have been estimated for hydrated calcium sulphate sales in 2019, in contrary to anhydrous calcium sulphate. . This can be attributed to robust adoption of hydrated calcium sulphate in various construction applications, including coloring pigments and quick drying PoP. Sales of hydrated calcium sulphate will be 4X more than their anhydrous counterparts in 2019, according to FMI study. Continued adoption as a supplement in the food & beverage industry, as fillers and coating agents in paper industry, continue to remain other leading demand determinants of hydrated calcium sulphate.

Growth Confined by Rising Availability of Economic & More Effective Alternatives

Growing availability of effective and economically feasible alternatives, such as aluminum sulphate and calcium chloride, continue to remain key concerns for players operating in the calcium sulphate market. Leading players in the market have already shifted their preference toward calcium sulphate substitutes, in light of their greater efficacy and convenience in manufacturing.

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Regulatory standards imposed on calcium sulphate by the Environmental Protection Agency (EPA), and National Institute for Occupational Safety and Health’s (NIOSH), have significantly driven adoption of calcium sulphate alternatives. Additionally, better functionalities and performance outcomes apropos of using calcium chloride in construction applications, and aluminium sulphate in pharmaceutical and personal care product formulations, continues to pose a negative influence on sales of calcium sulphate worldwide.

Application of calcium sulphate in topsoil layer for improved crop yield has traditionally been a common practice among farmers worldwide. However, regulatory hurdles regarding use of gypsum, composed of calcium sulphate, have been arresting adoption of calcium sulphate in the agricultural industry. Additionally, reuse and recycling of calcium sulphate by-products has emerged as a popular trend in recent years, which in turn will impede demand for calcium sulphate in the near future. .

Leaders in calcium sulphate market such as Solvay S.A., Honeywell International Inc., and USG Corporation are currently focusing on investments in the development of low-cost sustainable gypsum boards, in line with the rise of green building initiatives that necessitate adoption of eco-friendly construction materials.

Market Segmentation

By Product Form

• Anhydrous
• Hydrated

By Grade

• Technical Grade
• Food & Pharma Grade

By Function

• Coagulant
• Thickening Agent
• Excipient
• Desiccant
• Additive
• Intermediate

By End-use

• Construction
• Agrochemicals
• Food & Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Paints & Coatings
• Paper

By Region

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

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Table of Content

1. Global Calcium Sulphate Market – Executive Summary 

2. Global Calcium sulphate Market Overview 

2.1. Introduction

2.1.1. Global Calcium sulphate Market Taxonomy

2.1.2. Global Calcium sulphate Market Definition

2.2. Wheel of Fortune

2.3. Global Calcium sulphate Market Size (US$ Mn & Volume) and Forecast, 2013-2027

3. Global Calcium sulphate Market Y-o-Y Growth 

4. Global Calcium sulphate Market Analysis and Forecast 2013-2027 

5. North America Calcium sulphate Market Size and Forecast, 2013-2027 

to be continued…!

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 Us:

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/calcium-sulphate-market
For Sales Enquiries: sales@futuremarketinsights.com
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As per Future Market Insights’ latest industry analysis, the paraffin wax market is expected to see a substantial CAGR of 5.7%, and is projected to increase from US$ 9.2 billion in 2021 to US$ 15.98 billion by 2032.

Attributes	Details
Paraffin Wax Market CAGR (2022-2032)	5.7%
Paraffin Wax Market Size (2021)	US$ 9.1 billion
Paraffin Wax Market Size (2032)	US$ 15.98 billion

Due to their greater water resistance compared to packaging materials, paraffin wax market share is also anticipated to increase significantly during the projection period. In an effort to promote the expansion of the paraffin wax market, makers of paraffin wax are constantly expanding their base oil facilities.

The paraffin wax market share is also supported by rising shale oil production and exploration in the United States, Russia, China, and Brazil. As people become more aware of the importance of the environment, the market for paraffin wax is expected to grow, along with the demand for aromatherapy.

Top international corporations use paraffin wax as a thermal insulator and for aesthetic purposes in packaging.

It is projected that the increased use of environmentally acceptable substitutes including polyethylene wax, soy wax, and beeswax provide difficulties for the paraffin wax market expansion. In addition, hazardous vapors are produced when burning paraffin wax. Asthma or lung cancer could result from it.

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Since paraffin wax is used to coat pills, the pharmaceutical industry has a significant demand for it. The market share of paraffin wax is growing due to its numerous applications in household cleaning products and for insulating electrical nodes and appliances.

Key Takeaways from Market Study

• The paraffin wax market is expected to have a CAGR of 5.7% during the forecast period.
• The paraffin wax market is having a market valuation of US$ 9.6 billion in 2022.
• The paraffin wax market had a market valuation of US$ 9.1 billion in 2021.
• The market is segmented based on product type, wherein the semi-refined accounted for an adequate global paraffin wax market share by 2032.
• The market is segmented based on application, wherein the candles segment accounted for a significant paraffin wax market share by 2032.
• The Asia-Pacific paraffin wax market is anticipated to lead at the fastest rate during the forecast period.
• The North America paraffin wax market is expected to grow significantly, with a prodigious market share during the forecast period.

Competitive Landscape:

The paraffin wax market offers several opportunities for small enterprises and startups to create low-cost manufacturing and processing processes. As there are so many important players in the sector, the expansion of the global paraffin wax market is highly fragmented and diverse in its structure. The paraffin wax industry relies heavily on mergers and acquisitions.

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Some of the major key players in the paraffin wax market are Sinopec, ExxonMobil, PetroChina Company Limited, Sasol, International Group, Inc., IOCL, Honeywell, Petrobras, Nippon Seiro Co., Ltd, Petro-Canada, Repsol, H&R Group, and CEPSA.

Key segments

By Product Type:

• Fully Refined
• Semi Refined
• Others

By Application:

• Candles
• Packaging
• Cosmetics
• Hotmelts
• Board Sizing
• Rubber

By Region:

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

Recent Developments: Mergers, Acquisition and Collaboration

• ExxonMobil offers completely refined paraffin waxes with low, mid, and high melting points under the ParvanTM brand. They are utilized in a variety of products, including candles, paper conversion, adhesives, wax mixes and emulsions, PVC extrusion lubricants, and cosmetic formulations.
• To fulfill the rising demand for waxes used in candles, emulsions, and hot melt adhesives, ExxonMobil announced plans to expand its Group II and Group II base oil production facilities in Baytown, Texas, in the United States, in February 2013.

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.

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The wood plastic composites market is forecasted to flourish at a CAGR of 11.3% and reach a valuation of USD 16.06 Bn by 2032, while it holds a revenue of USD 6.38 Bn in 2022.

Attributes	Value
Wood plastic composites Market Size (2022)	US$ 6.38 Billion
Wood plastic composites Market Projected Size (2032)	US$ 16.06 Billion
Wood plastic composites Market Value CAGR (2022-2032)	11.3%

Growing construction and repairing activities in the areas with dilapidated buildings are fueling the sales of wood-plastic composites, though the covid-19 has damaged the supply chain and distribution channel, limiting the growth of wood plastic composites market.

Wood plastic composite with its lower melting temperature, unlike the other conventional wood products is expected to grow at a decent rate over the forecast period. Its lower cost and energy-efficient structure attracts a lot of end-users, fueling the sales of wood plastic composites.

Expanding wood-plastic composites market size can be attributed to its nature-friendly feature because of which it is used in planned cities to keep the environment healthy and the habitat more natural. This not only increases the sales of wood plastic composites but creates positive future prospects for the market.

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Key Takeaways from Market Study

• As on 2022, the valuation of wood plastic composites market is US $ 6.38 billion.
• In 2032, the valuation for the wood plastic composites market is expected to be US $ 16.06 billion.
• Based on the application, the building and construction segment holds 71% of the global revenue.
• Based on the product type, the leading segment is Polypropylene holding 13% of the market share.
• Asia Pacific is currently the largest market having 30.11% of the global share.
• South American market is expected to be one of the fastest growing markets and is currently showing positive signs.
• North American market is anticipated to grow during the forecast period because of the wide scope in the usage of the product.
• European market as well is expected to grow during the forecast period because of the eco-friendly aspect of the product.

 “The usage of the wood plastic composites has increased in the recent times owing its lower cost and energy-efficient manufacturing processes, and increased scope of usage. Additionally, an important aspect associated with wood plastic composites are that these are eco-friendly, which contribute to the cause of sustainable development.”  says a Future Market Insights analyst.

Competitive Landscape

The Wood plastic composites market is composed of enterprises that are focusing on expanding their supply chain and the sales channel. The key competitors understand and focus on experimenting with the product while making it nature-friendly and industry-specific for the end users. This makes the competitive landscape more dynamic and versatile, thereby leading to the expansion of wood plastic composites market.

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Recent Developments

• CertainTeed Corporation has added new products into its siding portfolio that includes vinyl, polymer, stone and composite siding. Composite siding includes construction specific wood plastic composites. This fuels the sales of wood plastic composites.
• Fiberon and BlueLinx has introduced 14 new distribution spaces for composite decking and railing products. These new distribution centers are located in Denver, Colorado, Jacksonville and Tampa, Florida, Chicago, Illinois, Detroit and Grand Rapids, Michigan, among other cities, pushing the demand for wood plastic composites

Wood Plastic Composites Market By Segmentation

By Product Type:

• Polyethylene
• Polypropylene
• Polyvinylchloride

By Application Outlook:

• Building and Construction
  • Decking
  • Molding & siding
  • Fencing
• Automotive Components
• Industrial and Consumer Goods

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• 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/wood-plastic-composites-market
For Sales Enquiries: sales@futuremarketinsights.com
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The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

Attributes	Value
Global Aramid Fiber Market Size (2022)	US$ 3.8 Billion
Global Aramid Fiber Market Projected Size (2032)	US$ 6.4 Billion
Global Aramid Fiber Market Value CAGR (2022-2032)	5.3%

The global aramid fiber market is being driven by the rising necessity for extremely lightweight polymers from the automobile and armed services & defense sectors for a variety of applications. Additionally, the restrictions pertaining to the reduction of carbon emissions force a number of industrial participants to search for substitute reinforced fibers have fueled the growth aramid fiber market growth even more.

Several industrial protection products is the major application segment of the global aramid fiber market, which is also anticipated to rise positively, thanks to the rising usage of the aromatic polyamides in personal protective gears especially that is resistant to bullets and stabs as well if used in helmets and surgical gloves. The need for protective gears is being fueled by strict safety rules for the workers in sectors including oil and gas, construction, aluminum, and steel, which would be boosting the global aramid fiber market opportunities all over the world.

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Owing to its growing demand for several modern-day industrial applications, the para-aramid fiber type is expected to experience the most substantial expansion among all the product types. In contrast, the global aramid fiber market opportunities is anticipated to get constrained by substantial R&D expenses and the non-biodegradability of aramid fibers.

Key Takeaways from Market Study

• The absolute growth of the global aramid fiber market in terms of dollars is estimated to be around US$ 3.4 Billion during the coming decade by following the average CAGR of 5.3%.
• The para-aramid fiber group holds the major share of the global aramid fiber market by contributing for almost 75% of the sales achieved globally.
• While the meta-aramid fiber group is expected to witness the highest growth rate owing to its better thermal resistance capacities.
• In application categories, security & protection segment remains the dominant sector for the global aramid fiber market share.
• On the other hand, recent developments in automobile industry have rendered the frication material application segments as a lucrative option for several global aramid fiber market players.
• Traditionally, Europe retained the leading market for aramid fiber composited, that has overturned in recent years owing to the industrialization and gradual trade shift towards the Asia Pacific economies.
• The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by the China aramid fiber market.

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Competitive Landscape

Some of the major global aramid fiber market players are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung & Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., and SRO Aramid (Jiangzu) Co., Ltd. among others.

Recent Developments in the Global Aramid Fiber Market:

• The anticipated 25 percent improvement for TEIJIN LIMITED’s Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company’s operations is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
• Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.

Global Aramid Fiber Market by Segmentation

By Product Type:

• Para-Aramid
• Meta-Aramid

By Application:

• Security & Protection
• Frictional Materials
• Rubber Reinforcement
• Optical Fibers
• Tire Reinforcement
• Electrical Insulation
• Aerospace
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• 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/aramid-fiber-market
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The global geomembrane market is expected to reach a market valuation of US$ 2089.9 Million by the year 2022, accelerating with a moderate CAGR of 5.2% by 2022-2032. Geomembrane market size is anticipated to be valued at about US$ 5760 Million by 2032 end.

The geomembrane market is expanding as a result of manufacturers’ increased focus on introducing novel membranes. Additionally, domestic infrastructure development is accelerating in developing economies, supported by an increase in government measures to pour money into the sector. This further raises the possibility of having an effect on geomembrane market expansion.

Global warming and extreme weather occurrences are problems brought on by the rising pollution levels around the world. Urbanization, industrialization, and rapidly expanding economies have all contributed to an increase in garbage production worldwide. Waste management is increasingly in demand as a means of reducing pollution. The geomembranes market will be driven by the increasing adoption of geomembranes for the treatment of inorganic wastes like dangerous heavy metals during the projected period.

In recent years, the demand for metals and minerals has increased due to the rapid industrialization and urbanization of important nations like China and India. Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia are among APAC nations that have drawn sizable mining investments. The mining sector is likewise experiencing rapid growth in South America. Major international mining firms now Favour it as a location for mining projects. This is driving the geomembrane market at a rapid pace.

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In 2021, the largest geomembrane market share was accounted for by the application segment for waste management. Through stringent rules aimed at implementing waste management methods in the municipal and industrial sectors, governments are supporting the use of geomembranes.

The burgeoning shale gas industry in the United States and Canada is predicted to have a substantial impact on the sales of geomembranes in water management over the projection period. In addition, a good outlook for the Asia-Pacific building industry is anticipated to increase demand for geomembranes in water management.

Key Takeaways from Market Study

• With 31.7 percent of the total revenue generated worldwide in 2021, the HDPE raw material segment dominated the geomembrane market.
• From 2022 to 2030, the EPDM raw material category, which held a sizeable geomembrane market share in 2021, is anticipated to experience the quickest CAGR of 6.5 percent.
• With 58.7% of the worldwide revenue in 2021, the extrusion technology segment dominated the geomembrane market.
• Government regulations and policies that are strict in order to promote environmental conservation.
• Growing use of rainwater gathering techniques for conducting agricultural activities.
• From 2022 to 2030, the geomembrane market in North America is anticipated to grow at a CAGR of 3.3%.

Competitive Landscape

According to market research on geomembranes by FMI, the manufacturing companies will probably spend more on advanced fillers to satisfy their customers. The companies are also focusing on inorganic expansion through mergers and acquisitions and contracting with e-commerce platforms to ensure that clients have easy access to geotechnical products.

Agru America, Anhui Huifeng New Synthetic Material Co., Atarfil SL, Carlisle Syntec Inc., Carthage Mills, CETCO, Colorado Lining International Inc., Firestone Building Products Company, Geofabrics, GSE Environmental Inc., Officine Maccaferri Spa, Naue GmbH, Nilex Inc., Plastika Kritis S.A., Solmax International, etc. are some of the major players in the market.

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 Recent Developments in Geomembrane Market

SOLMAX, a producer of polyethylene geomembranes, declared in April 2021 that it has reached an agreement with Koninklijke Ten Cate to purchase TenCate Geosynthetics.

A joint venture (JV) will be established in India to manufacture geomembranes for use in construction and civil engineering, according to RENOLIT SE, a film manufacturer with headquarters in Germany. The plant will also be located in the business’ distribution facility in Pune, Maharashtra, India, and it is anticipated that it will begin operating on January 1, 2021.

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 Us:

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/geomembranes-market
For Sales Enquiries: sales@futuremarketinsights.com
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