Global Epoxy Paint Market Poised for Significant Growth, Projected to Reach USD 63,126.2 Million by 2034

Epoxy Paint Market
Epoxy Paint Market

The global epoxy paint market is poised for substantial growth, with its valuation estimated at USD 38,754 million in 2024. This upward trajectory is expected to continue at a CAGR of 5% over the forecast period, driven by increasing demand across various industries for its durable, protective, and aesthetic qualities. By 2034, worldwide sales of epoxy paints are projected to reach an impressive USD 63,126.2 million. This growth is fueled by the product’s widespread application in sectors such as construction, automotive, and industrial manufacturing, where its superior adhesion, chemical resistance, and long-lasting finish are highly valued.

Epoxy resins are crucial components in paints, having applications in electronics, electrical, construction, and other industries due to their aesthetic and protective properties. The product is gaining traction due to stringent environmental regulations and rising consumer demand for sustainable products. Waterborne epoxy paints are becoming popular due to their low volatile organic compound (VOC) emissions.

The adhesives are durable, chemically resistant, waterproof, and suitable for high-traffic areas as well as demanding settings. These also protect surfaces from moisture damage.

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The market is adaptable and will likely continue to rise with innovations in formulations, particularly in fast-curing, low-VOC, or self-leveling epoxies. Rapid industrialization and infrastructure development projects in the Asia Pacific offer significant growth opportunities for epoxy paint manufacturers. High-performance epoxy paints for specific uses, such as conductive or fire-resistant coatings, can also create new growth opportunities.

Key Takeaways from the Market Report

  • The global epoxy paint market is set to reach USD 63126.2 million by 2034, with a CAGR of 5% from 2024 to 2034.
  • Based on source, the petroleum-based epoxy paint segment accounted for a value share of 5% in 2024.
  • By application, the building and construction segment is leading with a market share of 3% in 2024.
  • India is anticipated to record a CAGR of 5% between 2024 and 2034.
  • Sales in China are predicted to rise at a CAGR of 6% through 2034.

“The epoxy paint industry is booming owing to high versatility and durability. The industry is also poised for growth during the assessment period due to increasing demand for sustainable products,” says a lead analyst at Future Market Insights (FMI).

Who is Winning?

The epoxy paint industry faces intense competition from key players like Momentive Performance Materials, Kukdo Chemical, and Huntsman Corporation, who are working on new formulations with enhanced properties. Regional players are also providing cost-efficient solutions, while water-based epoxy paints are gaining traction.

Price fluctuations in raw materials and stringent VOC emissions regulations are affecting production costs and profit margins. The growth of end-use industries is directly impacting epoxy paint demand.

Companies are further providing technical support and application guidance to foster customer loyalty. Research is being conducted to incorporate nanomaterials in epoxy paints, and powder coatings are gaining traction due to their high sustainability and efficiency.

Industry Updates-

  • Sherwin-Williams, headquartered in Ohio, in April 2024 launched Sher-Bar TEC, the first damage-tolerant textured epoxy coating for rebar to enhance the longevity, safety, and sustainability of infrastructures.
  • PETRONAS, headquartered in Kuala Lumpur, in December 2023 announced the launch of an ultra-high barrier paint additive to prevent corrosion.

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Leading Players in the Epoxy Paint Market

  • Momentive Performance Materials
  • Kukdo Chemical
  • Huntsman Corporation
  • The Dow Chemical Company
  • Cytec Industries Incorporation
  • Aditya Birla Chemicals Ltd.
  • NAMA Chemicals
  • LEUNA-Harze GmbH
  • Spolchemie A.S.

Get More Insights into the Epoxy Paint Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the epoxy paint market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on source (petroleum-based and plant-based), form (water-based, solvent-based, and powder-based), application (building and construction, aerospace, wind power, marine, consumer goods, and others), and region (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the 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 ~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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Benzalkonium Bromide Market Poised for Robust Growth, Projected to Reach USD 1,943.3 Million by 2033

Benzalkonium Bromide Market
Benzalkonium Bromide Market

Benzalkonium bromide, or BAC, is a quaternary ammonium compound with excellent antimicrobial properties. It is extensively used as a preservative, disinfectant, and surfactant in pharmaceuticals, cosmetics, agriculture, and personal care products.

The benzalkonium bromide market is projected to reach a valuation of USD 883.6 million in 2023 and is expected to grow to USD 1,943.3 million by 2033, marking a substantial CAGR of 8.2% over the forecast period. This growth is driven by the compound’s extensive use across multiple industries, including pharmaceuticals, personal care, and industrial applications. Benzalkonium bromide’s effectiveness as a disinfectant, preservative, and surfactant makes it highly valuable in products ranging from antiseptics and hand sanitizers to cosmetics and cleaning agents. The rising demand for hygiene products, especially in the wake of global health concerns, further propels the market’s expansion, highlighting its critical role in ensuring safety and cleanliness across various sectors.

The growing demand for these applications across the globe is driving the market for benzalkonium bromide. Rising awareness regarding hygiene and the need for effective antimicrobial solutions in healthcare settings further contribute to market growth. Additionally, the increasing use of benzalkonium bromide in producing sanitizers and disinfectants, especially during the COVID-19 pandemic, has propelled its demand.

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With ongoing research and development activities to enhance its efficacy and expand its applications, the benzalkonium bromide market is poised for continued growth in the coming years.

The United States holds a commanding market share in the benzalkonium bromide market, with an expected share of 15.1% in 2022. The country’s well-established healthcare industry, emphasis on hygiene and infection control, and demand for effective sanitizing solutions contribute to its emergence as an opportunistic market.

On the other hand, Germany is expected to reach a share of 8.0% in 2022, driven by its well-developed pharmaceutical and healthcare industries and strict hygiene and infection control regulations.

In the Asia Pacific region, China stands out with an expected growth rate of 7.5% CAGR. China’s strong manufacturing capabilities, growing pharmaceutical and healthcare sectors, and government initiatives to improve healthcare infrastructure and promote hygiene practices contribute to its prominence in the market.

The industrial grade of benzalkonium bromide is projected to register a value share of 17.4% in 2022. Its wide use in various industrial applications, including water treatment, oil and gas, agriculture, and manufacturing, drives its demand.

The cosmetic industry also plays a significant role, with the coatings industry acquiring a 45.3% share in 2022. Benzalkonium bromide’s effectiveness as a preservative and antimicrobial agent in cosmetics, ensuring product safety and shelf life, makes it a preferred choice for various cosmetic formulations. The increasing demand for cosmetics and personal care products, along with the emphasis on product safety and hygiene, drives its usage in the cosmetic industry.

Recent Developments

Mankind Pharma, an Indian pharmaceutical company, announced a toilet seat sanitizer splash under its current name Safekind. The shower is mostly for women and allows for easy use of unsanitary toilets, particularly when using public restrooms.

Novo Nordisk Pharmatech A/S teamed with DKSH’s Business Unit Performance Materials in 2019 to distribute its quats, which include Benzalkonium Chloride (BKC), Cetrimonium Bromide (CTAB), Cetrimide, and Strong Cetrimide. The chemical distributor planned to distribute these quats to a broad client base in Australia, New Zealand, Japan, Indonesia, South Korea, Thailand, Malaysia, the Philippines, China, Taiwan, and Singapore.

Key Companies Profiled

  • Dishman Carbogen Amcis Limited
  • Henan Kangxing, Taicang Pharmaceutical Factory
  • Luoyang Tianmeng
  • Merck KgA
  • MR Pharma Inc.
  • KLK OLEO
  • PROFARMA-PRODUKT, s.r.o.
  • TCI Ltd.

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Benzalkonium Bromide Market

By Grade:

  • Pharma Grade
  • Industrial Grade

By Function:

  • Preservative
  • Cationic Surfactant
  • Cosmetic
  • Other

By Application:

  • Personal care
  • Fabric care
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (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 ~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 Cold Plates Market to Surge with a 5.3% CAGR, Reaching USD 627.7 Million by 2033

Cold Plates Market
Cold Plates Market

 

The global cold plates market is set to experience remarkable growth, achieving a significant compound annual growth rate (CAGR) of 5.3% from 2023 to 2033. According to a recent report by FMI, the market is expected to see its valuation rise from USD 374.5 million in 2023 to an impressive USD 627.7 million by 2033. This robust growth is driven by increasing demand for efficient thermal management solutions across various industries, including electronics, automotive, and telecommunications, where cold plates are essential for maintaining optimal performance and reliability of high-power electronic components and systems.

Cold plates are heavily demanded applications for various purposes such as refrigeration, medical devices, power generation, and others. The globally rising energy demands and expanding electronics industry are likely to bolster the product demand in the coming years.

The growing demand for electronic products such as tablets, smartphones, laptops, and others augments the demand for cold plates. The significant developments in the electronics industry are likely to create lucrative growth opportunities for the market. Additionally, the growing digitalization across the automotive industry has bumped the demand for cold plates. The increasing purchasing power and rising automotive sales are expected to foster market growth.

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The automotive industry is monumentally expanding due to globally rising living standards and per capita income levels. The increasing incorporation of IoT-based smart automotive components is predicted to further escalate product demand. The growing popularity of autonomous cars is likely to prevail as a key trend during the forecast period.

The rising demand for smart wearable devices and other consumer electronics is anticipated to bolster market growth in the coming years. The increasing inclinations towards micro and advanced electronic devices and services will flourish in growth for the market.

Key Takeaways from the Cold Plates Market:

  • The United States is expected to account for the highest market share, capturing a growth rate of 9.0% during the forecast period.
  • Within the Asia Pacific region, India, China, and Japan will hold the largest shares. India is predicted to exhibit a growth rate of 6.3% during the forecast period. China is anticipated to attain a growth rate of 5.8%. Japan will showcase a growth rate of 3.5% during the forecast period.
  • In the Europe region, Germany will capture the highest share and exhibit a growth rate of 2.5% during the forecast period.
  • According to the segmentation based on application, the high-powered electronics segment is expected to capture the highest share and exhibit a growth rate of 17.9% during the forecast period.

Recent Developments Observed by FMI:

  • In April 2022, Parker Hannifin Corporation Limited, a Fortune 250 global leader in motion and control technologies, announced the successful acquisition of Meggitt PLC.
  • In January 2021, BOYD Corporation, a prominent provider of integrated thermal management and engineered material solutions, acquired ThermaMasters. ThermaMasters is a thermal management company that specializes in vacuum brazing and liquid cooling systems for industrial power markets across Europe and North America.
  • In June 2021, BOYD Corporation acquired GMN. BOYD Corporation aims to expand its innovation and engineered materials technology offerings in positive temperature coefficient heaters, optical encoders, elastomer devices, backlighting, capacitive touch, and graphic overlays.

Key Players in the Cold Plates Market

  • Parker Hannifin Corporation
  • Sanhua Holding Group Co., Ltd
  • AMS Technologies
  • Fujikura Ltd.
  • Dana Limited
  • Sumitomo Precision Products Co Ltd.
  • Columbia Staver Ltd.
  • Wieland Microcool
  • Wakefield Thermal Solutions Inc.
  • Telerex
  • Stulz GmbH
  • Pollock Industries

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Key Segment

By Product Type:

  • Stir Welded Cold Plate
  • Press locked Cold Plate
  • Vacuum Brazed Cold Plate
  • Rolled Tube Cold Plate
  • Exposed Tube Cold Plate
  • Vortex Cold Plate
  • Die-cast Cold Plate
  • Other Customized

By Application:

  • High Powered Electronics
  • Wind Turbines
  • Medical Equipment
  • IGBT Modules
  • Motor Devices

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (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 ~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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Magnesium Sulfate Market Projected to Reach USD 1.68 Billion by 2033, Driven by 5.7% CAGR Growth

Magnesium Sulfate Market
Magnesium Sulfate Market

The magnesium sulfate market is projected to experience robust growth over the next decade, with an average CAGR of 5.7% from 2023 to 2033. This expansion is driven by increasing demand across various industries, including agriculture, pharmaceuticals, and personal care. The market, valued at USD 1.0 billion in 2023, is anticipated to reach a significant milestone, surpassing USD 1.68 billion by 2033. Factors such as its widespread use as a fertilizer, its role in medical treatments, and its application in bath salts and cosmetics contribute to the steady market growth.

Magnesium sulfate, also known as Epsom salt, is a chemical compound composed of magnesium, sulfur, and oxygen. It is widely used in various industries and applications due to its diverse properties and benefits. The global magnesium sulfate market has experienced steady growth over the years, driven by factors such as increasing demand from agriculture, pharmaceuticals, and industrial sectors.

The magnesium sulfate market is distributed across regions, with Asia-Pacific, North America, and Europe being the key markets. Asia-Pacific holds a significant share due to the presence of emerging economies, increasing agricultural activities, and growing pharmaceutical sectors. North America and Europe are driven by technological advancements, research and development initiatives, and rising awareness of organic farming.

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  • The applications of magnesium sulfate in the food and beverage sector along with the increased focus on reduced plastic consumption are expected to gain momentum in the market.
  • Expanding pharmaceutical operations, and research-based activities are likely to contribute a positive share of the magnesium sulfate market. Furthermore, the higher agricultural applications to increase the sulfate and magnesium content in soil have pushed the demand for agriculture-grade magnesium chloride.
  • The application of heptahydrate magnesium sulfate as a cathartic agent. Alongside this, its increased usage as a brewing salt in beer-making procedures has increased the demand for magnesium sulfate.
  • Its medicinal benefits for pregnant women as it controls seizures along with its benefits against constipation increase the sales of pharma-grade magnesium sulfate.
  • One of the most important uses of magnesium sulfate is the formation of intravenous magnesium which is further used as a medication for eclampsia.

Key Points

  1. The United States thrives at a CAGR of 3.5% between 2023 and 2033. The regional market is anticipated to reach a revenue of US$ 100.5 million by 2033. The growth is attributed to the expanding food and beverages sector. The market is likely to hold a value of US$ US$ 33.3 million.
  2. China on the other hand holds the utmost opportunity as it thrives at a leading CAGR of 4.1% between 2023 and 2033. The growth is attributed to the higher medicinal usage against different diseases. The region is expected to witness a market revenue of US$ 470.8 million by 2033.
  3. By product type, the Heptahtdrate segment thrives at a leading CAGR of 5.8% between 2023 and 2033. The growth is attributed to its role as a laxative and cathartic agent in different chemical operations.
  4. By grade, the agriculture segment stays on top as it thrives on a CAGR of 5.9% during the forecast period. The growth is attributed to degrading soil quality, higher crop demand, and increased pollution.

Competitive Landscape

The competitors are focusing on producing application-specific products while saturating them according to the grade. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Key Players

  • K+S Aktiengesellschaft
  • Giles Chemical
  • Laizhou City Laiyu Chemical Co. Ltd
  • Laizhou Guangcheng Chemical Co., Ltd
  • Mani Agro Chem Pvt. Ltd.
  • PQ Corporation
  • ZIBO JINXING CHEMICAL CO., LTD.
  • Mag Products India Private Limited
  • Weifang Huakang Magnesium Sulfate Co., Ltd.
  • Rech Chemical Co., Ltd.

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Key Segments

By Product Type

  • Heptahydrate
  • Monohydrate
  • Anhydrous

By Grade

  • Industrial Grade
  • Food Grade
  • Agriculture Grade
  • Pharma Grade

By End User

  • Chemicals
  • Pharmaceuticals & Personal Care
  • Pulp & Paper
  • Agriculture
  • Food & Feed Additives
  • Others

By Form

  • Solid
  • Liquid

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.

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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Revolutionizing the Automotive Die-casting Lubricants Industry: IoT Sensors and Smart Lubrication Systems Lead Market Expansion

Future Market Insights projects that the automotive die-casting lubricants industry size will reach US$ 129.18 million by 2023 and US$ 256 million by 2033, expanding at a CAGR of 7%. A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected to enhance automobile die-casting lubricant sales.

Automotive parts have long been manufactured using die casting. Weight reduction has been achieved by casting engine blocks, transmission cases, and shock towers using this process. Diecast components are becoming larger and more complex, allowing heavier vehicles to be built from larger and more complex components. GRAPHACE lubricants are used in die casting to separate heated metal from molds. Die-casting machines use this material when producing magnesium and aluminum automotive parts. This enhances efficiency and environmental protection.

A common choice for industries that rely on metalworking is die casting. As a result of its versatility, reliability, accuracy, and repeatability, it is widely used. Automotive die-cast parts evolve to become larger and more complex over time, requiring new technologies and equipment for die lubrication. As nations around the world plan to reduce emissions, the automotive industry is being pressed to adopt more sustainable, greener transportation solutions. Engineers are specifically considering how to improve die-casting productivity and quality for large, complex parts. Furthermore, in addition to reducing production costs, manufacturers aim to reduce their die-casting process’ environmental footprint on the environment.

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Production lines are becoming increasingly smart and efficient as physical and digital processes intertwine. The rapid development of lighter materials, on the other hand, is forcing manufacturers to contribute to overall production efficiency by making lighter products. It has recently been announced that Tesla, a California-based electric vehicle manufacturer, is switching to die-casting underbody structures instead of a multi-piece welded/stamped assembly. An automobile industry revolution could be ushered in by the world’s largest die-casting machine capable of manufacturing one-piece castings of this size.

Key Takeaways in the Automotive Die Casting Lubricants Market

  • By 2033, die-casting lubricants will hold 96% of revenues generated by the segment.
  • The water-based lubricant market is expected to grow at a 4.8% CAGR between 2023 to 2033.
  • The automotive die-casting lubricants market in the United States will grow at a CAGR of 3.9% through 2033.
  • Aluminum is expected to dominate the market, accounting for 80% of the market share.
  • China is forecast to become an attractive market for automotive die-casting lubricants in 2023, with a market valuation of US$ 36.7 million.
  • Die-casting lubricants continue to be in high demand in Germany, which accounts for 32% of the European market.

“Government-backed initiatives to boost electric vehicle production will augment market growth, along with an increased focus on research and development to implement sustainable automotive die-casting lubricant materials,”  – says an FMI analyst.

Competitive Landscape in Automotive Die-Casting Lubricants Market

Automotive die-casting lubricant manufacturers expand and penetrate new markets both organically and inorganically. The launch of new products, mergers, and partnerships are some examples of these strategies.

The key industry players are:

  1. Henkel AG & Co.KGaA
  2. Chem-Trend LP
  3. Quaker Houghton Inc.
  4. Moresco Corp
  5. The Hill and Griffith Company
  6. Geiger + Co. Schmierstoff-Chemie GmbH
  7. Ultraseal India Pvt. Ltd,
  8. CHEMTOOL INCORPORATED
  9. Condat SA
  10. Hardcastle Petrofer Pvt. Ltd
  11. Sunocs LLC
  12. J&S Chemical Corporation
  13. Lubgraf Synoils Pvt. Ltd
  14. Aoki Science Institute Co., Ltd
  15. Falcon Industrial Inc.
  16. Lafrance Manufacturing
  17. Marbo Italia spa
  18. Sunrise Chemtech Pvt. Ltd
  19. Acme Refining LLC

Key Market Developments:

  • In May 2023, Yeskomalube, India’s Most Promising Brand for Forging Lubricant Manufacturing, launched its new product line, YESKOTE, as part of its expansion into the casting segment. At the global engineering expo 2023 in Pune, the technology was unveiled. A new range of die coatings is available from YESKOTE, designed to be applied to high-pressure, low-pressure, and a variety of other applications in die casting.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive die-casting lubricants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive die-casting lubricants market, the market is segmented on the basis of lubricant type (die-casting lubricants and plunger lubricants), die-casting material (aluminum, magnesium, and zinc), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Automotive Die Casting Lubricants Market by Category

By Lubricant Type:

  • Die-Casting Lubricant
  • Plunger Lubricant

By Type:

  • Water-based
  • Solvent Based
  • Other

By Die-Casting Material:

  • Aluminum
  • Magnesium
  • Zinc
  • Other

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Ammonium Thiosulfate Market Growth Driven by Increased Packaged Food Demand and Agricultural Development

The ammonium thiosulfate industry size was expected to be worth close to USD 345.4 million in 2022. By 2033, the same market is anticipated to have generated USD 719.6 million, with a CAGR of 6.9% from 2023 to 2033. Ammonium thiosulfate inhibits growth at a high agronomic rate of 250–5000 mg/kg soil, increasing the soil’s fertility. It reduces nitrification, the process by which ammonium is transformed into nitrate, which might lessen nitrate loss to the atmosphere and water.

The product yields rise by 9% to 11% whenever ammonium thiosulfate is applied to the soil, and the soil’s effectiveness is increased. According to the United Nations’ demographic agreement, the world’s population will expand by 40% to 9.15 billion people in 2050, necessitating a 70% increase in global food production. The need for nitrogen as well as phosphate-based fertilizers is anticipated to increase due to the rising demand for agricultural production worldwide. It is anticipated that there will be a large rise in demand for ammonium thiosulfate due to the growing need for additional nutrients within the soil.

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Thin layers of cadmium sulfide are formed when ammonium thiosulfate is added as a supply of sulfur for applications in electronics. It is applied to the processing of copper-gold ores in order to extract gold. It is also a component of photographic fixers, making it a rapid fixer that acts faster than fixers containing sodium thiosulfate. Ammonium thiosulfate has experienced a marked rise in demand from a variety of end-use sectors due to its expanding use in several applications, including agrochemicals, medicines, agriculture, water treatment, and the mining industry, among others.

Key Takeaways from the Market Study

“The ammonium thiosulfate fertilizer trade has expanded significantly as a result of factors such as rising worldwide food demand and agricultural expansion in major areas such as South America, Europe, and Asia Pacific,” remarks an FMI analyst.

Competitive Landscape in the Ammonium Thiosulfate Market

Companies that sell ammonium thiosulfate are striving to form strategic alliances and partnerships with other producers in order to increase their product production and meet the demand of a growing patient base. Important firms are also developing new manufacturing facilities to increase their production capacity, particularly in the United States and Europe.

Prominent players in the ammonium thiosulfate market are:

  1. Tessenderlo Kerley, Inc.
  2. Koch Nitrogen International Sarl
  3. Kugler Co.
  4. Martin Midstream Partners
  5. TIB Chemicals AG
  6. Esseco Srl
  7. PCI Nitrogen
  8. Shakti Chemicals

Some key developments of the leading companies in this market are:

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Future Market Insights offers an unbiased analysis of the global ammonium thiosulfate market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the ammonium thiosulfate market, the market is segmented on the basis of fiber by form type(powder, liquid), grade(industrial grade, photo grade), end use(fertilizer, photochemical, mining), and across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

Ammonium Thiosulfate Market by Category

By Form Type:

By Grade:

By End Use:

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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Automotive Sales Drive Demand for 1,4-Dicyclohexylbenzene in Additives and Coatings

1,4-Dicyclohexylbenzene Market

As per a recent market survey by Future Market Insights (FMI), the global 1,4-Dicyclohexylbenzene market growth is estimated to grow by 3.7% annually through 2031. After countering the initial impact of the COVID-19 outbreak, recovery of the market is on the card. As per FMI, the market registered year-over-year growth of 3.9% in 2020-2021.

As per FMI’s analysis, the USA is projected to dominate the North America 1,4-dicyclohexylbenzene market growth over the forecast period. Expansion of the automotive, chemical, and personal care industries and the presence of key market players will continue propelling sales in the country through 2031.

Increasing applications of 1,4-dicyclohexylbenzene as an additive and in paints & coatings and plastic components in the automotive industry are spurring its demand. Rising automotive sales across the globe also are anticipated to translate into sales opportunities for 11,4-dicyclohexylbenzene producers over the assessment period.

In response to high demand from the chemical industry, leading players operating in the market are investing in research and development activities. Besides this, they are collaborating various with end-use industries to develop products according to specific requirements. This is anticipated to create lucrative opportunities for growth in the forthcoming years.

On the flip side, stringent regulations implemented to curb greenhouse emissions are encouraging manufacturers to develop products with minimum toxic content. As a result, various end-use industries are becoming more mindful regarding the consumption of 1,4-dicyclohexylbenzene, which might negatively impact growth.

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“Rising adoption of 1,4-dicyclohexylbenzene in paints & coating for decorative, architectural and industrial applications is anticipated to provide impetus to the market. Besides this, efforts towards launching innovative products aligned with specific industry requirements will boost sales of 1,4-dicyclohexylbenzene over the forecast period,” says the FMI analyst.

Key Takeaways:

Prominent Drivers:

Restraints:

Competitive Landscape

Key players operating in the global 1,4-dicyclohexylbenzene market are focusing on intensive research and development to diversify their product portfolios and innovate products suitable for various end-use applications. In addition to this, mergers, acquisitions, and collaborations will remain prominent growth strategies adopted by key market players to expand their global footprint.

Leading players operating in 1,4-Dicyclohexylbenzene Market profiled by FMI include:

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More Insights on FMI’s 1,4-Dicyclohexylbenzene Market

The latest market study on the 1,4-dicyclohexylbenzene market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global 1,4-dicyclohexylbenzene market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Product Type:

Application:

Region:

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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Polyimide Fibers Market to Surpass USD 569.5 million in 2033, with a 5.4% CAGR

Polyimide fibers are increasingly used in the manufacture of protective apparel due to their outstanding flame-retardant potential. Polyimide fibers are now widely utilized in the production of protective equipment, such as the outer shell of army uniforms, firefighters’ jackets, industrial protective gear, and others.

In 2023, the polyimide fibers market sales are projected to generate revenue exceeding USD 517.5 million. The market is expected to develop at a compound annual growth rate (CAGR) of 5.4% between 2023 and 2033.

The increase in the number of space research activities and space launches throughout the world has continually boosted polyimide fiber sales. Growth in the number of space launches necessitates the production of tones of materials and components for rockets and space shuttles.

According to NASA, ISRO, and other space research organizations, several space launches are expected to increase significantly during the forecast period, creating a huge demand for portable, superior materials that can withstand high temperatures. Moreover, polyimide fibers are employed for multilayer insulations of space shuttles and astronaut space suits due to their outstanding heat resistance property, which is projected to drive demand throughout the forecast period.

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The existence of numerous space organizations such as NASA, as well as their substantial plans to launch various space shuttles, are projected to drive demand for polyimide fibers. As a result, the market value in the United States is estimated to rise during the projection period.

Key Takeaways

  • In the last five years, the market has expanded at a CAGR of 3.5%.
  • In 2023, the United States polyimide fibers market is predicted to rise 4.5% year on year, with Germany accounting for about 30% of the income earned by polyimide fiber sales in Europe.
  • Filter media is the large user of polyimide fibers by application, accounting for 60% of total polyimide fiber output globally.
  • The power & utilities segment is expected to be worth US$ 250 million by the end of the forecast period.

Competitive Landscape

 The key players have focused on increasing their manufacturing units in their respective regions. Innovation, cooperation with important actors, partnerships, strategic alliances, and the strengthening of regional and worldwide distribution networks are examples of strategies. Among the significant developments are:

  • In May 2023, Solvay, a global market leader in specialized materials, introduced KetaSpire® KT-857, a revolutionary polyetheretherketone (PEEK) extrusion substance designed exclusively for copper magnet wiring insulation in electric motors.
  • In April 2022, Kolon Industries, a chemical company in South Korea, partnered with SKC to supply polyimide sheets to Taiwan’s Asus for its folding notebook, Zenbook 17-Fold OLED. In exchange for support in the development of Asus’s device, the companies agreed to supply PI to the Chinese display panel manufacturer BOE.

Key Companies Profiled

  • Jiangsu Shino New Materials Technology Co., Ltd.
  • Jiangsu Aoshen Hi Material Co.
  • Changchun Hipolyking Co., Ltd.
  • Ningbo Yide Fine Chemical Co., Ltd.
  • Lirsot Ltd.
  • Swicofil
  • Shandong Xingye Environmental Technology Corp.
  • Jiangsu Jinqiao Salt International Trade Co. Ltd.
  • Baoding Sanyuan Textile Technology Co. Ltd.
  • Shanghai Easun Group Imp & Exp Co., Ltd.
  • Xiamen Meidasi Environmental Protection Industry Co. Ltd.
  • Evonik Industries AG

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Valuable Insights

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

The study reveals essential insights By Application(Filter Media, Protective Clothing, Insulation Material), End Use(Construction, Power & Utilities, Chemical & Processing), & Region.

Polyimide Fibers Market Segmentation by Category

By Application:

  • Filter Media
  • Protective Clothing
  • Insulation Material
  • Others

By End Use:

  • Construction
  • Power & Utilities
  • Chemical & Processing
  • Mining
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • The 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.

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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1,4-Diisopropylbenzene Market Insights: Expected Valuation of USD 179.2 million in 2033 with a 4.1% CAGR

The global 1,4-diisopropylbenzene industry share is anticipated to reach a valuation of USD 119.9 million in 2023, driven by increasing demand for solvents and cleaning agents. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.1% between 2023 and 2033, and reaching a total valuation of approximately USD 179.2 million by 2033.

Rising demand for adhesives and sealants is also anticipated to escalate the growth of the 1,4-diisopropylbenzene industry share. Adhesives and sealants are extensively used in various industries, including automotive, construction, and packaging. 1,4-diisopropylbenzene is employed as a raw material in the synthesis of certain adhesive and sealant formulations. The growing demand for these materials, driven by infrastructure projects, technological advancements, and increased consumer awareness of product quality, is expected to boost the consumption of 1,4-diisopropylbenzene.

One of the primary factors driving the growth of the 1,4-diisopropylbenzene market is the growing demand for fragrances & flavors. 1,4-diisopropylbenzene is utilized in the production of fragrances and flavors, which find extensive applications in the cosmetics, personal care, and food and beverage industries. The increasing consumer demand for scented products and unique flavors is driving the growth of these industries, consequently fueling the demand for 1,4-diisopropylbenzene.

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Another significant factor contributing to market growth is the expansion of the paints and coatings industry. The paints and coatings industry is witnessing significant growth due to the construction boom, infrastructure development, and increasing consumer spending on home improvement. 1,4-diisopropylbenzene is used as a chemical intermediate in the production of certain additives and components for paints and coatings. The expanding paints and coatings market is anticipated to drive the demand for 1,4-diisopropylbenzene.

Specialty chemicals encompass a wide range of products with unique properties and applications. 1,4-diisopropylbenzene serves as a key intermediate in the production of various specialty chemicals, such as antioxidants, lubricants, and corrosion inhibitors. The expanding specialty chemicals market, driven by advancements in industrial processes and the need for high-performance products, is likely to contribute to the growth of the market.

Another factor contributing to the market growth is the growing demand for agrochemicals. Agriculture plays a vital role in global food production, and the demand for agrochemicals continues to rise to enhance crop yields and protect against pests and diseases. 1,4-diisopropylbenzene is used as a precursor for the synthesis of certain agrochemical compounds, including pesticides and herbicides. The increasing need for effective crop protection solutions to meet the food demand of a growing population is expected to drive the demand for 1,4-diisopropylbenzene in the agrochemical sector.

Key Takeaways from the Market Study

Advancements in packaging technologies, across the globe is a major factor that is expected to propel the growth of the 1,4-diisopropylbenzene market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the 1,4-diisopropylbenzene market are

  1. Eastman Chemical Company
  2. SAGECHEM
  3. Goodyear Chemicals
  4. Syntechem Co. Ltd.
  5. Tokyo Chemical Industry Co. Ltd.
  6. Biosynth Carbosynth
  7. Angene International
  8. Kanto Chemicals
  9. ABCR Gmbh
  10. BLD Pharmatech

Company Portfolio

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global 1,4-diisopropylbenzene market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the 1,4-diisopropylbenzene market, the market is segmented on the basis of product type (standard, and high purity), and by application (paints & coatings, electrical & electronics, chemical intermediates, solvents, graphic arts, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA)).

1,4-Diisopropylbenzene Market by Category

By Product Type:

By Application:

By Region:

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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Sodium Lactate Market Forecast: 8.9% CAGR Expected as Demand Soars for Natural Food Additives and Pharmaceutical Solutions

Over the projection period, sales in the sodium lactate industry are expected to increase at a CAGR of 8.9%. The industry is predicted to be valued at USD 165 million in 2023 and USD 390 million by 2033. As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural and safe food preservative and flavor enhancer.

Its ability to improve shelf life, enhance texture, and reduce microbial growth without compromising product quality makes it an attractive alternative to synthetic additives. Sodium lactate exhibits antimicrobial and moisturizing properties, making it suitable for various medical applications. It can be used in wound care products, intravenous solutions, and dermatological formulations. Exploring these untapped medical opportunities can open new avenues for sodium lactate market growth.

With the rising consumer preference for natural and sustainable personal care products, sodium lactate finds applications in skincare, haircare, and bath products. Its humectant properties and ability to improve product stability and texture align with the trends toward clean, natural, and eco-friendly formulations.

The pharmaceutical sector presents the untapped potential for sodium lactate. It can be used as a buffering agent, excipient, or active ingredient in various pharmaceutical formulations. The market can witness growth by targeting pharmaceutical companies seeking safe and versatile ingredients for drug delivery systems.

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While sodium lactate has a global presence, exploring regional markets can uncover new growth opportunities. Emerging economies with evolving food and beverage, pharmaceutical, and personal care industries offer untapped markets for sodium lactate products. Understanding the specific needs and regulations of these regions can guide businesses to tailor their strategies accordingly.

 Key Takeaways from the Sodium Lactate Market Report

 “The sodium lactate market is set to experience substantial growth due to its wide-ranging applications in industries such as food and beverage, pharmaceuticals, and personal care. Increasing consumer demand for natural and healthier products further boost the market’s prospects”, remarks an analyst at FMI.

 How Key Players are Revolutionizing the Manufacturing of Sodium Lactate?

Key players in the sodium lactate market are spearheading a revolution in its manufacturing processes. By leveraging advanced technologies and innovative production methods, these industry leaders are optimizing the quality, efficiency, and sustainability of sodium lactate production. They are investing in research and development to enhance production techniques, ensuring consistent product quality while reducing costs and environmental impact.

Key players are collaborating with stakeholders across the supply chain to streamline operations and improve distribution networks. Through their revolutionary approaches, these players are reshaping the sodium lactate market and driving its growth to meet the evolving demands of various industries.

Key Players in the Market:

  1. Jungbunzlauer Suisse AG
  2. Galactic
  3. Finetech Industry Limited
  4. Biosynth Carbosynth
  5. Finoric LLC
  6. abcr GmbH
  7. Glentham Life Sciences Ltd.
  8. TNJ Chemical Industry Co., Ltd.
  9. Foodchem International Corporation
  10. Luoyang Longmen Pharmaceutical Co., Ltd.
  11. BBCA Biochemical Co., Ltd.
  12. Prathista Industries Limited
  13. Henan Jindan Lactic Acid Technology Co., Ltd
  14. Corbion N.V.
  15. Merck KGaA
  16. Lobachemie pvt. ltd
  17. Fisher Chemical
  18. Dr. Paul Lohmann Gmbh KG
  19. Advance Inorganics

Product Portfolio:

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More Insights Available

Future Market Insights offers an unbiased analysis of the sodium lactate market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the sodium lactate market, the report is segmented on the basis of product form (powder and liquid), application (beverages, food & nutritional supplements, clinical nutrition, dialyzes solutions, personal care & cosmetics, and cleaners & detergents), end-user (food & beverages industry, cosmetic industry, pharmaceuticals manufacturers, medical devices manufacturers, and others),  across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Product Form:

By Application:

By End-User:

By Region:

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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube