Market Research Blog

The coil coatings market size is forecasted to exhibit a 4.7% CAGR through 2033. The industry’s size is predicted to increase from US$ 5.24 billion in 2023 to US$ 8.29 billion by 2033.

The technical coil coatings available in the market are cost-effective and efficient ways to pre-paint aluminum and steel substrates in various industries, including construction, furniture, transportation, and household appliances.

Increasing demand for enduring value and high-end aesthetics are fueling the application of coil coatings in the building and construction industry in roofing and siding, doors, ceiling grids, windows, etc.

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Robust industrial development and thriving construction sector in emerging economies are augmenting the market sales of functional coil coatings. Further, the construction and renovation activities are prominently observed in the Asia Pacific region, thus giving impetus to the consumption of coil coatings.

Some of the underway construction projects in the Asia Pacific are the Hamamatsucho Shibaura 1 Chome Redevelopment project, which is valued at US$ 3,170 million. The project is expected to be accomplished by 2030 in Tokyo, Japan.

Another related project is called the Wuhan Fosun Bund Center T1 project, which includes the construction of Fosun Bund Center T1 in Wuhan, China. As a result, the surge in construction projects is anticipated to propel the demand for coil coatings in the Asia Pacific.

The market is also bolstered by the increasing demand for transport vehicles. The automotive sector in India is expected to witness solid sales in the Asia Pacific region due to the consumers’ interest in personal automobiles over public transportation.

As per OICA, automobile production in India totaled 54,56,857 units in 2022, exhibiting a surge of 24% compared to 2020. As a result, the Asia Pacific industry is expected to be considerably influenced by accelerating automobile manufacturing.

Top Highlights from the Global Coil Coatings Market Report

• Canada’s market is expected to fare well in the coming years as construction projects increase in the country due to heightened migration.
• The coil coatings market in China is expected to swell at a considerable pace, given the surging investments in the transportation and automotive industries.
• India is another key market for coil coatings due to the rising expansion of companies in the country to gain from the accelerating India’s economy.
• Manufacturers have spotted Australia as a significant market that is expected to catalyze the revenues of manufacturers able to capture the market for coil coatings.

New Innovations Unfolding in the Market

• In December 2020, Sherwin-Williams Coil Coatings introduced a platform for polyester coatings called PolyPREMIER™. The company’s high-performing polyester coil coatings are combined under this master brand to make it easy for customers to specify coatings for a wide variety of applications. The coil coating formulations can be customized for different applications and end-use specifications.
• In March 2021, AkzoNobel introduced TRINAR® TC, which is a novel PFOA-free PVDF coil coating system that unites 70% PVDF performance with convenient usage and better durability. The latest addition to the Coil Coatings portfolio, TRINAR® TC, offers surged scratch, stain, and abrasion resistance throughout diverse applications such as building and construction and metal roofing.
• In July 2020, AkzoNobel introduced TRINAR A-CLAD, which is a new coil coating system for monumental and commercial Aluminum Composite Panels (ACPs) projects.

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Key Companies Profiled

• Akzo Nobel N.V.
• The Chemours Company
• Axalta Coating Systems
• PPG Industries
• Becker Group
• The Valspar Corporation
• Henkel AG & Co. KGaA
• Kansai Paint Co. Ltd.
• Eastman Chemical Company

Coil Coatings Market Segmentation

By Material Type:

• Polyester
• Epoxy
• PVC
• Plastisols
• Acrylic
• Polyurethane
• PVDF
• Silicone

By End Use:

• Construction
• Transportation
• HVAC
• Metal Furniture
• Others

By Product Type:

• Topcoats
• Primers
• Backing Coats
• Others

By Application:

• Steel
• Aluminum

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• The Middle East & Africa (MEA)
• Japan

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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Future Market Insights Inc.
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The global textile staples market is estimated to secure a valuation of US$ 170.1 billion in 2023, with a CAGR of 5.5% during the forecast period. The market is anticipated to reach a valuation of US$ 290.6 billion by 2033.

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Opportunities in the Textile Staples Market

The global market has various marketing opportunities, including:

• Sustainable and Eco-friendly Textiles: With increasing awareness of environmental concerns, there is a growing demand for sustainable and eco-friendly textile products. Companies that use organic fibers, recycled materials, and environmentally responsible manufacturing processes have a competitive advantage.
• Smart Textiles: Integrating technology into textiles has opened up new opportunities. Smart textiles, also known as e-textiles, are fabrics that incorporate electronic components like sensors and actuators. These textiles find applications in sports, healthcare, fashion, and even military sectors.
• Functional Textiles: Textiles with specialized functionalities such as moisture-wicking, antimicrobial properties, UV protection, and flame resistance are gaining popularity. There’s a constant need for research and development in this area to create innovative textiles that cater to specific customer needs.
• Digital Printing: Traditional textile printing methods are replaced by digital printing technologies that offer greater design flexibility, faster turnaround times, and reduced waste. Companies investing in digital printing can seize opportunities in the evolving textile market.
• Customization and Personalization: Consumers today seek personalized products. Textile businesses offering customizable options can attract a loyal customer base, whether through design, size, or color.
• Textile Recycling and Upcycling: The textile industry generates significant waste. Opportunities lie in recycling and upcycling old textiles into new products, reducing the environmental impact, and catering to the circular economy.
• Innovative Apparel Design: Fashion trends constantly change, and consumers look for unique and innovative designs. Companies that can stay ahead of the curve and deliver creative and appealing apparel designs have a chance to succeed.
• Emerging Markets: As economies develop in various regions, there are opportunities for textile businesses to expand into emerging markets and cater to the rising middle-class population.
• Automation and Industry 4.0: Automation and intelligent manufacturing technologies can enhance efficiency and productivity in textile manufacturing. Companies that invest in these technologies can gain a competitive edge.
• Collaborations and Partnerships: Collaboration between textile manufacturers, fashion designers, technology firms, or other industries can lead to groundbreaking innovations and market success.

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Key Takeaways:

• The global market is estimated to secure a CAGR of 5.5% with a valuation of US$ 290.6 billion by 2033.
• In the historical period, the global market secured a CAGR of 4.2% between 2018 and 2022.
• The United States is anticipated to dominate the global market by capturing a maximum share of 13.2% by 2033.
• With a share of 15.6%, Germany is significantly driving the global market during the forecast period.

How do Key Players Significantly Drive the Global Market?

The global market is fragmented by the number of essential players globally. These players are adopting the latest technologies to develop innovative and improved products by investing in research and development activities.

Key players focus on developing unique and cost-effective sustainable products to attract consumers’ requirements. These players are adopting various marketing methodologies, including mergers, collaborations, acquisitions, product launches, and agreements.

Recent Developments in the Global Market are:

In 2021, Oerlikon Group announced its newly launched artificial fibers. These fibers are staple fiber and filament spinning systems for producing nonwovens.

Key Companies Profiled

• E.I. Du Pont de Nemours and Company
• Lenzing AG
• International Fibers Group
• Invista
• Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group)
• Toray Group
• Chori Co., Ltd.
• W. Barnet GmbH & Co. KG
• Cellulose Cotton Wool Corporation of India
• Teijin Frontier Co., Ltd.
• Belgian Fibers SA
• Grasim Industries Limited
• Indorama Ventures Public Company

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Textile Staples Market by Segmentation

By Fiber Type:

• Natural Fiber
• Synthetic Fiber

By Application:

• Apparel
• Interior Flooring
• Medical
• Upholstery
• Automotive
• Construction
• Filtration

By Region:

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

Nandini Singh Sawlani 

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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The 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.

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.

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Leading Players Undertake Expansion Activities to Solidify their Place in the 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.

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).

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:       

Nandini Singh Sawlani  

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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The global roofing materials market has witnessed significant growth in recent years, driven by rapid urbanization, construction activities, and a growing emphasis on sustainable and energy-efficient building solutions. Roofing materials play a crucial role in protecting buildings from external elements, ensuring durability, and enhancing the overall aesthetic appeal. As the construction industry continues to expand, the demand for advanced roofing materials is expected to surge, offering immense opportunities for manufacturers and suppliers.

The roofing materials market encompasses a wide range of products, including asphalt shingles, metal roofing, tiles, slates, and various green roofing options. These materials differ in terms of cost, durability, environmental impact, and installation complexity, providing consumers with a diverse range of choices to suit their preferences and budgets. Moreover, the market is influenced by factors such as climate conditions, architectural trends, and government regulations promoting sustainable building practices.

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The future of the roofing materials market looks promising, driven by ongoing infrastructure development and increased investments in sustainable construction practices. As environmental concerns continue to mount, the demand for eco-friendly and energy-efficient roofing solutions is expected to surge. Additionally, technological advancements and research in the roofing industry are likely to lead to the development of novel and high-performance materials, further bolstering market growth.

Roofing Materials Market Study: Key Takeaways

• The global roofing materials market is projected to record a 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 Billion.
• 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.

Regional Outlook:

North America: The roofing materials market in North America has witnessed steady growth due to increasing renovation and remodeling activities, along with a rising demand for energy-efficient roofing solutions.

Europe: Stringent building codes and regulations promoting sustainable construction practices have boosted the demand for green roofing materials in Europe.

Asia-Pacific: Rapid urbanization and industrialization in countries like China and India have spurred the growth of the roofing materials market in the Asia-Pacific region.

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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.

Some of the leading roofing materials market players include

• GAF Materials Corporation
• CertainTeed
• Owens Corning
• Atlas Roofing Corporation
• Carlisle Companies Inc
• Boral Ltd
• Braas Monier Building Group
• Johns Manville
• Etex

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:       

Nandini Singh Sawlani  

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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The soda ash market is projected to be valued at US$ 19.9 billion in 2023 and is anticipated to grow to US$ 29.6 billion by 2033. The market is estimated to capture a CAGR of 4% during the forecast period.

The rising demand for natural and synthetic products, growing population and consumption of paper are increasing the adoption of soda ash. In addition, the increasing adoption of soda ash in the soap & detergent industry propels market expansion. The growing demand for glass from many end-use industries such as commercial, household and construction are driving the soda ash market size.

Around 50% of soda ash is used for manufacturing glass around the globe, expanding market share. In addition, the rising adoption of soda ash to develop rechargeable batteries in the electric industry emerges as a market opportunity. Moreover, the growing awareness, investment, and government initiatives support uplifting market opportunities.

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Other end-use industries, including food, pharmaceuticals and cosmetic industries, are prominently growing their market share during the forecast period. Increasing consumer demand for dyes and reducing pollution to improve the environment boosts market share. In addition, the adoption of soda ash to extract and smelting metals, aluminum products, and mobile devices are advancing market size.

On the flip side, the demand for soda ash in water treatment, eliminating corrosion and use for making baking powder in the food sector propels market size. In addition, the rising demand for soda ash for cleaning the floor, making dish soaps and other cleaning agents are a few more factors driving the market growth.

Increase in the Production of Natural Soda Drives the United States Market

The United States is a leading global market that is securing a CAGR of 2.3% with a valuation of US$ 2.6 billion during the foreseen period. In addition, the rising adoption of glass containers in the food industry is surging the United States market. As a result, the manufacturers are growing natural soda ash production with low operating costs in the United States.

The present market players and increasing demand for soda ash in the automation sector further bolstered market growth. As a result, the United States market secured a CAGR of 1.8% between 2017 and 2022.

Key Takeaways:

• The soda ash market is expected to have a valuation of US$ 2.6 billion by 2033.
• With a CAGR of 4.0%, the global market increasing from 2022 to 2033.
• The United States soda ash market is anticipated to record a CAGR of 2.3% throughout 2033.
• With a CAGR of 2.5%, the United Kingdom market significantly uplifts during the forecast period.
• China market is expected to witness a CAGR of 5.6% over the forecast period.
• India market is likely to capture a CAGR of 4.5% from 2023 to 2033.

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Who is winning?

Several players are involved in the adoption of soda ash to produce innovative products with their skills. These players further focus on end-user requirements and invest huge amounts in research and development activities to expand market size.

Prominent Players in the Soda Ash Market

• Solvay SA
• Ciner Group
• Tata Chemicals Limited
• CIECH SA
• Genesis Energy LP
• Nirma Limited
• GHCL Limited
• DCW Ltd.
• ICI Pakistan Ltd.
• Sahand Industrial Ltd.

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:       

Nandini Singh Sawlani  

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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By 2023, the rare earth metals market will be worth US$ 5.6 billion. During the forecast period, the market is anticipated to expand at a CAGR of 10.1%, and by 2033, it is anticipated to reach a valuation of US$ 14.6 billion.

The surging demand for rare earth metals can be ascribed to the increase in the sales of consumer electronics. Be it smartphones or laptops. These metals are used in the speakers of these devices. Apart from that, the key players in the electronics sector are betting on the high-temperature resistance offered by these metals, which allows them to function with higher efficiency.

Furthermore, growth in the sales of electric vehicles is also expected to surge the demand for rare earth metals during the forecast period. This is owing to the fact that rare earth metals assist in miniaturizing the size of the circuit, which makes electric vehicles work using lesser components.

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Moreover, rapid urbanization worldwide is also expected to surge the market growth of rare earth metals. This is owing to the fact that rare earth metals are used in the construction industry as well. Apart from this, rare earth metals are also used in the process of digitization, which is happening at a rapid rate in developing countries.

Even the healthcare sector has seen a surge in the application of rare earth metals. These are specifically used for manufacturing MRI machines, insulin pumps, pacemakers, etc. Apart from that, these are also used as high-strength aluminum alloys, metal halide lamps, etc.

Additionally, the majority of the companies are looking to work on the idea of sustainability, as a result of which they are developing plans to cut down emissions. Thus, these firms have started adopting renewable sources of energy. The implementation of rare earth metals supports the functioning of renewable energy systems, which is expected to further surge their market growth.

Thus, from the insights delivered by FMI researchers, it can be inferred that “an increase in the adoption of electric vehicles, coupled with the increased application across sectors and a number of other factors are expected to surge the rare earth metals market share during the forecast period.”  

Key Takeaways:

• The market of rare earth metals is expected to surge at a CAGR of 10.1% during the period 2023-2033.
• The rare earth metals market is valued at US$ 5.6 billion as of 2023.
• By 2033, the market is expected to reach a valuation of US$ 14.6 billion.
• As per the regional analysis, Asia Pacific is the largest rare earth metals market, having a share of nearly 70% in 2022.
• Based on the country-wise analysis, China market is the largest market, and is expected to grow at a CAGR of 11.6%.
• The USA market is anticipated to grow at a CAGR of 7.5%.
• Brazil market is expected to grow at a CAGR of 5.3%.
• India rare earth metals market is expected to grow at a CAGR of 10%.
• Japan market is projected to grow at a CAGR of 7.4%.
• As per application, the magnets segment is expected to have the highest market share during the forecast period, growing at a CAGR of 10.2%.
• As per metal type, the neodymium segment is expected to have the highest market share during the forecast period, growing at a CAGR of 10.8%.

Top Key Players in the Global Market

• Arafura Resources
• Lynas Rare Earths
• Alkane Resources
• China Northern Rare Earth (Group) High-Tech Co., Ltd,
• RISING NONFERROUS METALS CO., LTD,
• China Minmetals Rare Earth Co., Ltd,
• Beijing Zhongke Sanhuan High-tech Co. Ltd.

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Competitive Landscape

The key players operating in the rare earth metals market are mainly focusing on merging with other key players tap into each other’s crucial resources. Apart from that, the market is also witnessing strategic collaborations with players from the other niches.

Some of the recent developments in the rare earth metals market are:

• In August 2022, the Arafura Resources examined pathways to decarbonisation and how Mining, Oil & Gas companies can prosper in a low carbon world using innovative solutions & emerging cost-effective technologies.
• In July 2022, Lynas Rare Earth was shortlisted for prestigious WA Golden Gecko environmental excellence award.

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:       

Nandini Singh Sawlani  

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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The global industrial & institutional cleaning chemicals market is expected to have a valuation of US$ 76.7 billion in 2023, accelerating with a CAGR of 7.5% by 2023 to 2033. The global market share is anticipated to be valued at about US$ 158.1 billion by 2033 end.

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Top Trends and Opportunities in the Global Market

Various trends and opportunities influence the global market. Here are some trends and opportunities to consider:

• Eco-friendly and Sustainable Solutions: The industry has been witnessing a growing demand for environmentally friendly and sustainable cleaning chemicals. Consumers, corporations, and governments have been increasingly concerned about the environmental impact of cleaning products, leading to a shift towards greener alternatives.
• Automation and Robotics: The adoption of automation and robotics in cleaning processes has increased. Industrial and institutional cleaning companies are exploring ways to improve efficiency and reduce labor costs by incorporating automated cleaning systems.
• Green Certifications and Standards: Many cleaning chemical manufacturers have sought green certifications and labels to cater to the demand for eco-friendly products. These certifications assure customers that the products meet specific environmental standards.
• Customization and Specialization: Clients in various industries seek cleaning solutions tailored to their specific needs. Industrial and institutional cleaning chemical companies are adapting by offering specialized products and services for different applications, such as healthcare, food processing, and hospitality.
• Digitalization and Data-Driven Solutions: The industry has been exploring ways to leverage technology to enhance efficiency and optimize cleaning processes. Data-driven solutions, IoT devices, and predictive analytics are integrated into cleaning operations to monitor performance and schedule maintenance.

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Opportunities in the Industrial & Institutional Cleaning Chemicals Market:

• Developing Markets: Emerging economies and regions with rapid industrialization and urbanization present significant industrial and institutional cleaning chemical market opportunities. As more businesses and institutions are established, the demand for cleaning solutions is likely to increase.
• Biodegradable and Non-toxic Formulations: There is a growing market for biodegradable and non-toxic cleaning chemicals. Companies that can develop effective and safe formulations may find substantial opportunities in this segment.
• Collaboration and Partnerships: Collaborating with industrial and institutional clients to understand their specific cleaning needs can lead to opportunities for custom solutions and long-term partnerships.
• Integration of the Internet of Things and Artificial Intelligence: Integrating the Internet of Things devices and artificial intelligence can lead to advanced monitoring and optimization of cleaning processes, providing opportunities for companies to offer cutting-edge solutions.
• Value-added Services: Additional services like training, consulting, and maintenance of cleaning equipment can help cleaning chemical companies differentiate themselves and add value for their clien

Key Takeaways:

• The global industrial & institutional cleaning chemicals market is estimated to register a CAGR of 5% with a valuation of US$ 158.1 billion by 2033.
• The United States is anticipated to dominate the global market by capturing a share of 1% by 2033.
• Germany is estimated to secure a share of 2% in the global market during the forecast period.
• With a share of 5%, Japan is significantly driving the global market.
• Australia is estimated to register a CAGR of 1.2% in the global market by 2033.

How do the Key Players Uplift the Global Market ?

Key players play a significant role in the global market by investing huge amounts in research and development. These players are innovating unique and affordable products through the latest technologies to attract consumers. Key players adopt marketing strategies to uplift the global market size, including mergers, collaborations, and partnerships.

Recent Developments in the Global Market

In 2021, LANXESS announced it to take over the business of INTACE SAS to diversify its product offering.

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Global Industrial & Institutional Cleaning Chemicals Market Key Players

• Procter & Gamble
• BASF SE
• Clariant
• The Clorox Company, Inc.
• Henkel AG & Co. KGaA
• 3M
• Kimberly-Clark Corporation
• Reckitt Benckiser Group plc
• Croda International PLC
• Albemarle Corporation
• Eastman Chemical Corporation
• Huntsman International LLC

Industrial & Institutional Cleaning Chemicals Market by Segmentation

By Raw Material:

• Chlor-alkal
• Surfactant
• Solvents
• Phosphates
• Biocides
• Others

By Product Type:

• General Purpose Cleaners
• Disinfectants and Sanitizers
• Laundry Care Products
• Vehicle Wash Products
• Others

By End Use Verticals:

• Commercial
• Manufacturing

By Region:

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

Nandini Singh Sawlani 

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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