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Dolomite Market is likely to register a growth at 4.4% CAGR during the assessment period of 2021 and 2031

The global dolomite market is anticipated to expand at a steady 4.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing demand from construction industry is boosting sales of dolomite. The increasing demand from construction and agrochemicals industry is expected to remarkably contribute towards the expansion of the dolomite market.

Rapid development of the building and construction sector in emerging countries, especially in Asia Pacific and the Middle East & Africa is propelling sales of dolomite. Increase in the production of agrochemicals and cement is expected to bolster the consumption rate of dolomite.

Besides this, the market will gain from the surging consumption of dolomite in industries such as, water & sludge treatment, glass & ceramics, and construction. These industries collectively hold more than two third of market share in the global dolomite market.

Backed by the aforementioned factors, the global dolomite market is projected to top US$ 5.28 Bn by 2031. As per FMI, geographically, the market is estimated to be dominated by East Asia.

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Key Takeaways:

By material type, demand for calcined dolomite is expected to surge at a 4.0 % CAGR over the forecast period.
The sintered dolomite segment is projected to hold approximately 67.9 % of the total market share in 2021 and is anticipated to remain dominant in the near future.
Application of dolomite in the cement segment is anticipated to grow at a 4.4 % CAGR through 2031.
China is expected to emerge as an attractive dolomite market, with sales growing at a 4.8% CAGR in 2021.
Japan and South Korea will collectively account for 28.3 % of the total East Asia dolomite market share through 2031.

“Over the assessment period, sales of dolomite is expected to be driven by the growing construction and infrastructural activities across the globe. Besides this, the demand will be stimulated by surging production of glass & ceramics, agrochemicals, pharmaceuticals and animal feed,” says an FMI analyst.

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Competitive Landscape

Key market participants in the global dolomite market elaborated in the report includes Imerys, Omya AG, Calcinor SA, RHI-Magnesita, Vardar Dolomit, Sibelco, Lhoist, JFE Minerals Co, Essel Mining & Industries Limited, Carmeuse others.

The market players are expected to gain from the increase use of dolomite in cement production in order to decrease gas emission and operating expenditure. To capitalize on existing opportunities, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

In On March 20, 2020, RHI Magnesita acquired Kümaş Manyezit Sanayi A.Ş., a company active in the mining and processing of raw dolomite.

More Insights into the Dolomite Market Report

In its latest report, FMI offers an unbiased analysis of the global dolomite market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material type (calcined, agglomerated & sintered) and end-use (cement, agrochemicals, mining & metallurgy, pharma & healthcare, glass & ceramics, water & sludge treatment, animal feed) across six regions (North America, Latin America, Europe, Europe, East Asia , South Asia Pacific and Middle East & Africa).

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
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Website: https://www.futuremarketinsights.com

Polyvinyl Chloride Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2029

Global polyvinyl chloride (PVC) market is pegged at a steady CAGR of 4.2% through the course of projection period (2019-2029). While construction remains prominent end-use segment, pharmaceuticals will witness increased uptake of PVC for production of medical devices. In view of PVC’s environmental implications, R&D activities are projected to accelerate through 2029.

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Key Takeaways of the Market Study

Pipes & fittings will remain the leading end-use category.
Rising infrastructural activities in emerging countries is steering the demand for PVC.
Rigid form of PVC to remain preferred variant through 2029 owing to diverse applications such as automotive and construction.
Attributes such as high corrosion resistance, endurance and durability are complementing the market growth.
Manufacturers continue to tap opportunities in PVC alternatives to fortify their market hegemony.
Gains in global market would remain concentrated in Asia Pacific.
The US market is set to register double-digit CAGR during the forecast period.
Fluctuation in raw material prices would continue to be a major roadblock for PVC market growth.

Premier companies in the PVC space must undertake R&D and expansion projects to deliver five key performance criteria as opined by consumers – innovation, communication, quality, performance and regulatory compliance.

polyvinyl chloride market growth in key countries

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Asia Pacific Procures More than 61% Market Share

Use of PVC in wide spectrum of end-use industries such as manufacturing, automotive and construction is hurtling the Asia Pacific market. Emerging countries such as China, Indonesia, Vietnam and India will augment the demand for PVC through 2029. Therefore, Asia Pacific accounts for majority share in PVC market on the back of rapid industrialization.

On the other hand, consumers in developed markets such as the United States have greater economic wealth. This is a key driver fuelling the rise of PVC alternatives such as high-density polyethylene (HDPE). Such recyclable substitutes of PVC are increasingly being favored by consumers and manufacturers alike.

Innovation to Remain Crucial Strategic Tenet of Leading PVC Producers

Key players profiled in this FMI study, include but are not limited to, Arkema S.A., Ineos Chlorvinyls Ltd., BASF SE, Chinyang Chemical Co. Ltd., Saudi Plastic Products Company Ltd., Formosa Plastics Corporation, Premier Polyfilm Ltd., The Chemical Company, and Occidental Petroleum Corporation.

Competitive leadership in global market will be determined by product innovation and sustainability efforts during 2019-2029. For instance, INOVYN was voted by consumers for ‘Best Polymer Producers Awards for Europe 2017’. The company announced its plans for expanding its operations in Norway (2018).

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global polyvinyl chloride market. The major categories encompassed by the report include application (pastes, cables, pipes & fittings, films & sheets, and profiles), end-use (packaging, electrical cables, construction, and transportation), type (rigid and flexible) across five regions (Asia Pacific, Europe, Latin America, North America, Middle East & Africa).

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Polycarbonate Sheets Market is set for moderate growth at approximately 4.3% CAGR during the projection period 2019-2029

Global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive, and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from Asia Pacific market. Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate sheets.

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Key Takeaways of Polycarbonate Sheets Market Study

Crucial attributes such as high impact resistance, thermal insulation, and dimensional stability are boosting the demand for polycarbonate sheets.
Polycarbonate sheets are set to become a preferred alternative for acrylic and glass on account of low maintenance cost and degradation over time.
Low carbon emission is prompting manufacturers to accelerate the adoption of polycarbonate sheets.
Role of polycarbonate sheets in manufacturing sturdy, lightweight and eco-friendly automotive components will steer the demand through 2029.
Increasing usage of polycarbonate sheets in commercial and residential spaces for cladding and roofing applications will exhibit promising growth through the forecast period.
Gains in polycarbonate sheets market will remain concentrated in Asia Pacific through 2029.
Fluctuation in raw material prices will hinder the growth of polycarbonate sheets market during projection period.

Globally leading manufacturers of polycarbonate sheets must plan massive investments in strengthening their supply chain across Asia Pacific to capitalize on surging demand.

Global Camping and Caravanning Market by Destination Type, 2019 (E)

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Asia Pacific Garners over 43% Share in Global Market

Consumers in Asia Pacific (APAC) would be the key demographic for polycarbonate sheet manufacturers. Increasing net worth income of consumers in emerging Asian economies is capturing the attention of global market leaders. APAC continues to account for more than 43% of the total market value. Moreover, rapid industrialization is accentuating the demand for polycarbonate sheets. Strong government impetus and supporting policies are facilitating the growth of polycarbonate sheets market in this region.

In view of maturing end-use industries such as automotive and construction, polycarbonate sheets market in Europe and North America is relatively saturated. However, the packaging industry in these two regions will offer new growth opportunities on account of heightened demand from nuclear families.

Industry Leaders to Unlock Profitable Avenues through Product Innovation

Major players profiled in this study, include but are not limited to, Trinseo, Spartech, Mitsubishi Gas Chemical, Evonik Industries, SABIC, Arla Plast, 3A Composites, Covestro, Excelite, Gallina India, and Palram Industries. Leading players continue to diversify their product portfolio, especially in Asia Pacific. In view of enormous population, wide range of application-specific polycarbonate sheets will cater to variegated end-use segments.

For instance, Covestro launched new polycarbonate thermoplastics under the series ‘Makrolon’ which cater to various applications such as LED lighting, architectural glazing, eyewear, electronics, sporting equipment, automotive headlamps, and medical devices. Moreover, global players must collaborate with regional manufacturers to expand their market foothold.

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More About the Report

FMI’s study offers an in-depth market forecast and analysis on the polycarbonate sheets market. The major categories encompassed by the report include end-use (electrical & electronics, automotive, building & construction), type (solid, multiwall, corrugated) across five regions (Europe, Middle East & Africa, Asia Pacific, North America, Latin America).

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Demand of Calcium Acetate Market as a preservative and food additive has grown considerably in recent years, Says FMI Analyst

Global calcium acetate market is poised for modest growth at approximately 3% CAGR through the duration of projection period (2019-2029). Steady demand for calcium acetate continues to arise from various end-use industries such as food & beverages, pharmaceuticals, textiles, agriculture and petroleum. Moreover, manufacturers are focused on undertaking growth-oriented strategies for long-term competitive ascendancy.

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Key Takeaways of Calcium Acetate Market Study

Role of calcium acetate in food preservation is projected to facilitate the overall market growth through the forecast period.
Soaring demand for calcium acetate in blood phosphate regulation during dialysis is bolstering the market.
Accelerating R&D activities for diversifying end-use applications is contributing to calcium acetate market growth.
Gains in calcium acetate market will be concentrated in Asia Pacific and North America.
Availability of alternatives would hinder the growth of calcium acetate market in the foreseeable future.
Consumers’ greater inclination towards chemical-free products will stagnate the demand for calcium acetate through 2029.

Major stakeholders in global calcium acetate market must leverage expansion opportunities in high-growth regions such as Asia Pacific and Europe and form strategic alliances to gather stronger market foothold.

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Europe Captures 31.2% Revenue Share in Global Calcium Acetate Market

Owing to established end-use industries of calcium acetate, Europe will continue to capture majority share through the forecast period. Higher income levels of consumers also contribute significantly to overall regional market growth. Leading manufacturers in this region continue to promote R&D activities for diversifying the applications.

Asia Pacific presents remunerative opportunities for calcium acetate manufacturers. Both in terms of consumption and production, Asia Pacific is a crucial market. Moreover, burgeoning end-use industries continue to supplement the regional market growth. Hence, Asia Pacific will account for substantial market share through 2029.

Leading Players Undertake Expansion Activities to Solidify their Place in Global Market

The global calcium acetate market is a fairly consolidated landscape. Major players profiled in this FMI study include, but are not limited to, Merck Millipore, Alemark, GFS Chemicals, Allan Chemical Corp., Richman Chemical, AVA Chemical PVT. LTD., Avantor Performance Materials, and Hawaii Chemicals & Scientific. Capacity and geographic expansion will be the key strategic focus of market leaders.

Prominent companies must channel their efforts towards broadening the applications they cater to. This move would fortify their position in developed regional markets such as Europe. Moreover, to expand foothold in emerging countries, they must opt for capacity expansion strategy.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global calcium acetate market. The major categories encompassed by the report include function (texturizer, thickener, firming agent, and stabilizer), application (pet food, agriculture, food & beverages, and pharmaceuticals) across five regions (Asia Pacific, Middle East & Africa, Europe, Latin America and North America).

Roofing Materials Market is expected to record a CAGR of 4% during the forecast period 2019-2029

Future Market Insights recently published a detailed study on worldwide sales of and advancements in modern-day roofing materials, and it reveals that the global market value reached approximately 115 Bn in 2018. An exponential increase in number of both of residential and commercial buildings, catering to ever-rising population, are mainly triggering the sales of roofing materials.

As the global focus on sustainability of every aspect of an industry intensifies, manufacturers are increasingly targeted towards materials with low impact on the environment. Moreover, greater awareness of the value of roof space and potential of unique roofing materials other than keeping occupants warm and dry has been influencing the innovation strategies, opines the FMI study.

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Roofing Materials Market Study: Key Takeaways

The global roofing materials market is projected to record CAGR of 4.2% during the forecast period (2019-2029).
North America’s market, accounting for 46% of the total value, will continue to exhibit an impressive growth rate through 2029.
High growth opportunities are expected in Asia Pacific, due to rapid expansion of construction industry in developing countries
In 2018, total sales of roofing materials in India accounted for revenues worth over US$ 7.3 Bn.
Asphalt shingles are projected to account for relatively high share, following restrictions on bitumen in developed markets.
New installation of roofing materials will continue to influence growth strategies, while manufacturers are focusing on capitalizing on rapidly increasing retrofitting activities.
High adoption in residential sector remains key growth influencer, while rising application in commercial setting is likely to result in increased market share.

“With Tesla launching the third version of its Solar Roof Tiles or textured glass shingles that could send electricity to the company’s home batteries, key players are hard pressed to increase their investments in greener and versatile roofing materials. Moreover, these players will need to show duality in their approach to stay ahead of the curve. In addition to sustainable offerings, manufacturers are required to ensure ease of installation and low maintenance costs,” says the FMI analyst.

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roofing materials market regional value share

Manufacturers Eyeing Lucrative Opportunities in Developing Markets

In recent years, a number of population in urban cities of Asian pacific countries have been increasing on a significant pace, thereby potentially raising the need for both residential and commercial buildings. This, in turn, is weighing on same scale as increasing demand for roofing materials. In the view of growing labor concerns across the globe, market players are seeing developing countries from manufacturing perspective, where operation as well as labor costs are relatively low. Furthermore, in Middle East & Africa, demand for roofing materials is expected to grow strong going forward, owing to recent economic development in several countries.

Green Roofing with High Aesthetic Appeal: A Key to Gain Competitive Edge

In order to align with sustainability trends while maintaining an aesthetic appeal of their products, roofing companies and shingle manufacturers are increasingly entering into partnership with designers to offer consumer-centric products. Maintaining a long-term relationships with customers by offering better quality products and services also remain a key focus area of manufacturers.

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More About the Report

FMI’s study offer comprehensive analysis and forecast statistics of the roofing materials market. The study divulges compelling insights on the roofing materials market on the basis of installation (retrofitting and new installation), application (commercial and residential), and material (bitumen, plastic roofing, metal roofing, tile roofing, asphalt shingles, and others).

Nitric Acid Market is set to expand at a CAGR of 3% through the course of forecast period 2019-2029

Majorly driven by its application in agrochemicals and automotive industry, nitric acid will represent a modestly growing market at 3% CAGR during 2019 – 2029. Moreover, metallurgical and pharmaceutical industries will generate upward growth trend for nitric acid market through 2029, as per the projections of a new Future Market Insights (FMI) study. Nitrogenous fertilizers continue to accentuate the demand, particularly in developing countries, opines the FMI report.

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Key Takeaways of Nitric Acid Market Study

Role of nitric acid in formulating automotive composites using adipic acid continues to push market growth.
Agrochemical industry continues to thrive in developing countries, thereby contributing to overall market growth.
Agglomeration of leading manufacturers in developed countries such as Germany continues to supplement the growth of nitric acid market.
Growth of nitric acid market is fuelled by prevailing applications in photoengraving and etching of steel.
Nitric acid is gaining increasing significance in preparation of acids, drugs, perfumes and dyes, thereby propelling the market growth.
Environmental hazards associated with the usage of ammonium nitrate continues to stagnate the demand of nitric acid.

Key stakeholders in global nitric acid market must redesign and optimize their distribution and manufacturing networks while expanding operational footprint in developing regions to fortify their strategic advantage.

Europe Captures over 50% Revenue Share in Nitric Acid Market

Presence of esteemed players such as Bayer AG in Europe (Germany) is the growth engine of regional nitric acid market. Moreover, the end-use industries are well-established in this region. Adipic acid, formulated from nitric acid, is witnessing soaring demand in automotive industry as a preferred substitute for metal. Furthermore, nitric acid market in North America continues to pick pace in terms of consumption.

On the other hand, India, Japan and China remain growth cynosures of nitric acid market in Asia Pacific owing to perpetual demand in explosives and agriculture industries.

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Leading Players to Capitalize on Lucrative End-use Industries in Developing Countries

Key manufacturers in global nitric acid market continue to operate in fragmented competitive landscape. Major players profiled in this study include, but are not limited to, The Dow Chemical Company, Bayer AG, National Chemical Group, CF Industries, Eurochem Group, Agrium Inc., Potash Corp, The Chemours Company, and PVS Chemicals.

Greater proximity of production facilities to high-growth regions remains the key agenda of leading players. They intend to leverage the low labour cost without disrupting the logistics network. Emerging economies in Asia Pacific region offer profitable opportunities in variegated end-use industries of nitric acid. Moreover, relaxed regulatory requirements regarding the usage of ammonium nitrate fertilizer continue to stir up the regional demand.

More About the Report

FMI’s study offers an in-depth market forecast and analysis on the global nitric acid market. The major categories encompassed by the report include end-use (fertilizers, nitrobenzene, toluene diisocyanate, adipic acid, and metal processing), application (metallurgical industry, chemical and allied industries) across five regions (Asia Pacific, Latin America, Europe, North America, Middle East & Africa).

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Ceiling Tiles Market Analysis and Forecasts 2021 – 2031 | TAISHAN GYPSUM CO. LTD, Zhejiang Xinwei Decorative Material Co. Ltd

ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global ceiling tiles market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding staggeringly at a CAGR exceeding 10% throughout the forecast period. Increasing construction and infrastructure development activities are spurring demand.

The market posed some lucrative gains in the historical forecast, surpassing US$ 26 billion in revenue as of 2018. Residential and commercial construction industries remain primary application areas for ceiling tiles. Modern ceiling tiles are also equipped with features such as acoustic and thermal insulation, attributes which shall greatly enhance prospects for key manufacturers.

A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products. For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles.

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Key Takeaways from FMI’s Ceiling Tiles Market Study

Mineral fiber/gypsum ceiling tiles to accounted for over two-fifths revenue share in 2020
Commercial applications to account for over nine out of ten sales through 2021 and beyond
By installation, drop/suspended ceiling tiles to enjoy heightened demand in forthcoming years
By form, laminated ceiling tiles are expected to surge in popularity, amid their ease of installation on light weight
US to generate attractive growth prospects, underpinned by a flourishing housing sector
Stringent government regulations to periodically upgrade ceiling material to spearhead UK market growth
Growing infrastructure development projects to spur sales across India and China

“Mounting environmental concerns are prompting key construction companies to incorporate environmentally-friendly ceiling tiles, providing ample opportunities for manufacturers to expand their product lines,” remarks the FMI analyst.

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Competitive Landscape

Prominent manufacturers are effectively deploying a slew of expansion strategies, ranging from customized product offerings to collaborations, mergers and other capacity expansion initiatives. The market is highly competitive, given the presence of a wide range of regional and global level players.

In October 2020, CertainTeed launched its Unified Ceilings Solution, a newly realigned ceilings resource focused on the commercial architecture and design industry. The initiative unites the full ceiling and wall product portfolios of CertainTeed, Hunter Douglas, Ceiling & Wall Products, Norton Industries and Decoustics under the umbrella of CertainTeed Architectural.

In March 2021, Rockfon LLC launched its loyalty program for suspended ceiling installers titled MyRockfon through which loyalty club members can earn rewards while purchasing Rockfon products, complete surveys or share photos of their projects. This will provide the company with an opportunity to show that their products are for everyday projects across all sectors, including shops, offices, restaurants and leisure facilities.

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More Insights on the Global Ceiling Tiles Market

In its latest report, FMI offers an unbiased analysis of the global ceiling tiles market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material (aluminum, fiber glass, PVC, mineral fiber/gypsum, wood and steel), application (residential, commercial, hospitality, industrial and institutional), installation (surface mount and drop/suspended) and form (laminated, fissured, patterned, plain, textured and coffered) across five major regions (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa)

Wood Pellets Market is set for astounding growth at approximately 11% CAGR through the forecast period 2021-2031

Majorly driven by demand upsurge in residential heating segment, global wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period (2021-2031). Consumers in developed countries exhibit rising dependency on renewable sources such as pellet-based fuel, thereby driving sales.

Moreover, high price point of fossil fuel is accentuating the demand for pellet-based fuel sourced primarily from wood waste, agricultural residue and forest waste. Leading manufacturers are focused on implementing compliance plans, which include dedicated biomass power plants and co-firing.

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Key Takeaways of Wood Pellets Market Study

Growing adoption of renewable energy continues to drive the sales of wood pellets.
High combustion efficiency is the chief attribute surging the demand for wood pellets.
Enhanced government incentive and favourable policies contribute substantially to the growth of wood pellets market.
Europe holds a whopping 51.4% share in global wood pellets market.
Asia Pacific to exhibit significant growth over the course of forecast period.
Respiratory problems triggered by wood dust is stagnating the demand of wood pellets.

Stakeholders in wood pellets market must direct massive pecuniary resources towards R&D activities for product diversification, along with capacity expansion initiatives to fortify competitive ascendancy.

Market Gains to Remain Concentrated in Europe

Europe is the leading regional market of wood pellets, in terms of consumption. Strong active presence of globally leading manufacturers in this region is giving impetus to production capacity as well. Timber and dry sawdust are predominantly preferred by manufacturers for wood pellets production.

On account of low carbon emissions, pellet-based fuel continues to gain prominence in countries such as the United Kingdom, Germany, Italy and France. Low production cost, mounting environmental concerns, and easy availability are some of the factors contributing to the growth of wood pellets market. Moreover, innovations in combustion technology and established logistics network are bolstering the wood pellets market in Europe.

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Product and Cost Differentiation to Remain Strategic Focal Point for Market Leaders

Global wood pellets market is highly fragmented. Major players profiled in this study include, but are not limited to, Georgia Biomass, LLC, Enviva Partners LP, Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Pinnacle Renewable Energy Inc. In a bid to remain prominent, industry leaders are channelling their resources towards product and cost differentiation.

Particle density, melting point, mechanical durability, moisture and ash content continue to remain key research areas in wood pellets industry. Moreover, companies are intensifying their efforts towards developing cleaner burning fuel, as opposed to fossil fuels.

Wood Pellets Market: Segmentation

The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Feedstock

Forest and Wood Waste Resources
Agricultural Residue and Waste
Food Waste
Virgin Lumber
Energy Crops

By End-use Industry

Residential/Commercial Heating
CHP/District Heating
Co-firing

By Region

North America
Latin America
Europe
MEA
Asia Pacific

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Soda Ash Market to Hit US$ 17.5 Bn by 2029: Exclusive Report By Future Market Insights

Pegged at a steady CAGR, global revenue of soda ash market is set to exceed US$ 17.5 Bn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

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Key Takeaways of Soda Ash Market Study

Glass & ceramics hold a majority share in the global soda ash market.
Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
Sustainability would remain key strategic focus of market leaders through 2029.
Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

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Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

Know More About the Report

FMI’s study offers an in-depth market forecast and analysis on the soda ash market. The major categories encompassed by the report include density (light and dense), end-use (water treatment, chemicals, metallurgy, paper & pulp, soaps & detergents, glass & ceramics) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Elastomeric Coatings Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2029

Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2018, and is expected to witness lucrative growth at a CAGR of more than 7% during the forecast period of 2019-2029.

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Key Takeaways of Elastomeric Coatings Market Study

By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc., among others. Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market Taxonomy

The global elastomeric coatings market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Type

Acrylic
Polyurethane
Epoxy
Silicone
Polyurea
Others

By Application

Building & Construction
Industrial
Automotive & Transportation
Others

By Region

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

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research. The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2018 and opportunity assessment for the forecast period of 2019-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.