Future of Automotive Plastics Market to Reach US$ 45 Billion by 2032: Revolutionizing Vehicle Design and Performance

According to the study at Future Market Insights (FMI), the global automotive plastic market is expected to secure US$ 28.5 Billion in 2022 and reach US$ 45 Billion by 2032. During the forecast period from 2022-2032, the market is likely to display a CAGR of 4.67%.

The growth of automotive engineering plastics in the market can be attributed to the manufacturers’ increasing focus on reducing vehicle weight. Players in the industry are taking various initiatives to strengthen their position in the market during the assessment period. For instance, in 2021, Covestro AG rolled out a new product, recycled Polyethylene Terephthalate (rPET).

The recycled PET has been optimized for 3D pellet printing. This technology is also called fused granulate fabrication (FGF). It allows for speedy and economically viable additive manufacturing of large-size parts.

Governments across the globe are focusing to curb emissions and introduce fuel economy regulations for vehicles. Implementations of such regulations have forced automotive OEMs to boost the application of lightweight materials like plastics. Advanced plastics aid in ensuring the fuel economy of a vehicle while assuring safety and performance.

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For instance, the U.S. is regulated by the National Highway Traffic Safety Administration (NHTSA) and EPA. As per the regulations, the rule establishes standards that would demand an industry-wide fleet average of approximately 49 mpg for passenger cars and light trucks in the model year 2026, by increasing fuel efficiency by 8% annually for model years 2024 and 2025 and 10% for the model year 2026.

On the contrary, safety issues associated with the consumption of plastic are expected to hamper the automotive plastic market during the forecast period. Ban on the plastic application is projected to limit the industry for automotive polymers as they create disposable issues that harm the environment. Such factors are expected to hinder the market in the forecast period.

Key Takeaways from the Study:

  • The global automotive plastic market is expected to secure US$ 28.5 Billion by 2022
  • The global automotive plastic market is anticipated to display a CAGR of 4.67% by 2032
  • The global automotive plastic market is projected to hold a value worth US$ 45 Billion by 2032
  • China is expected to have claimed 69% of the global automotive plastic market revenue
  • The Interior Furnishing segment is likely to have claimed about 30% of the global automotive plastic market revenue in 2021

“Increasing demand for EVs and growing implementation of stringent rules to curb carbon emission are expected to benefit the market significantly during the forecast period,” says an FMI analyst.

Competition Analysis

Key players in the global automotive plastic market include LyondellBasell Industries Holdings B.V, Evonik Industries, BASF SE, Arkema Group, DuPont de Nemours, Inc., The Dow Chemical Company, Hexion Inc., Momentive Performance Materials, Hanwha Group, Saudi Basic Industries Corporation (SABIC), Formosa Plastics, Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Zoltek, Covestro AG, and Eastman Chemical Company.

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Recent Updates from the Industry Include:

  • In May 2020, BASF rolled out the new styling polymer Luviset 360 which provides a flawless styling performance in six dimensions. The product is flexible, has a long-lasting hold, is strong, and has low flaking. It allows for new textures and supports anti-pollution claims.
  • In June 2021, LyondellBasell and Neste inked a long-term agreement under which LyondeBAsell will source Neste RE, a feedstock from Neste that is being manufactured from 100% renewable feedstock derived from bio-based sources like residual oils and fats and waste. The feedstock will be processed through the cracker at LyondellBasell’s Wesselling, Germany, plant into polymers and sold under the brand name of CicrulenRenew.

Key Segments Profiled in the Global Automotive Plastics Market

By Material Type:

  • Polypropylene (PP)
  • Polyurethane (PUR)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Polycarbonate (PC)
  • Polyamide (PA)
  • Acrylic (PMMA etc.)
  • Plastics Composites
  • Others

By Application:

  • Interior Components
  • Exterior Components & Frame

By End Use:

  • Conventional Vehicles
  • Electric Vehicles

By Region:

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

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global automotive plastic market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032. The study reveals essential insights based on Material Type, Application, End Use & Region.

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Automotive Refinish Coatings Market: The automotive refinish coatings market size is projected to be valued at US$ 7.7 billion in 2023 and is expected to rise to US$ 12.9 billion by 2033.

Automotive Wheel Coatings Market: The global automotive wheel coatings market size is expected to reach a valuation of US$ 737.6 Mn by the end of 2022. Sales of automotive wheel coatings are likely to expand at a CAGR of 3.1% from 2022 to 2032.

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Asia Textile Chemicals Market to Reach a Valuation of US$ 24.6 Billion by 2033: Strategies for Growth and Survival in a Competitive Industry

As per the recent Asia textile chemicals market analysis report released by FMI, following a growth of 7.4% during the period covering 2017 to 2022, the present valuation of the overall market has reached nearly US$ 14,200 Million in 2023. The Asia textile chemicals market is expected to develop at a rate of 6% from 2023 to 2033 and reach a valuation of US$ 24,600 Million by 2033.

This expansion is projected due to a growing demand for apparel, technical textiles, home textiles, and other products. With an increasing population, demand for clothing and other textile items is predicted to boost the demand for textile chemicals and challenge the industry’s manufacturing capacity.

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

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

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

Key Takeaways from the Asia Textile Chemicals Market

  • China is the leading country in the Asia textile chemicals market and contributes to almost 58.5% of the total sales achieved per year which can be translated to US4 8.306 Million.
  • India is the second largest contributing regional textile chemicals market with a share of 12.6% in the Asia Market which is equal to US$ 1,796 Million in the present year 2023.
  • Other Major regions surveyed by the report like Bangladesh, Vietnam, and Indonesia are found to be holding shares of 4.6%, 4%, and 3% respectively.
  • Japan is another significant contributor to the Asia textile chemicals market, particularly in Technical textiles manufacturing and sales.

Competitive Landscape for the Asia Textile Chemicals Market Players

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

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Recent Developments in Asia Textile Chemicals Industry

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

Textile Chemicals Market by Category

By Product Type:

  • Textile Auxiliaries
  • Textile Colorants

By Process Type:

  • Pre-Treatment
  • Dyeing
  • Finishing
  • Others

By Application:

  • Apparels
  • Home Furnishings
  • Others

By Country:

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

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Asia Pacific Waterproofing Chemicals Market: The Asia Pacific waterproofing chemicals market is expected to reach US$ 4,327.20 Mn in 2022, according to FMI, and is expected to grow at a CAGR of 8.2% from 2022 to 2032.

ASEAN Cosmetic Chemicals Market: According to FMI, the ASEAN Cosmetic Chemicals market is estimated to be valued at US$ 1768.0 Mn in 2022 and is projected to increase at a CAGR of 6.2% in the forecast period from 2022 to 2032.

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Understanding the Global Thermal Insulation Material Market: Growth Projections and Key Drivers

The demand for thermal insulation material is anticipated to rise in response to rising demands from the construction and automotive industries for temperature control and energy efficiency. The global thermal insulation material market is anticipated to grow gradually through the end of the projected period in 2031, with a CAGR of over 4%, according to a recent analysis by Future Market Insights (FMI).

Due to worries about energy saving, there has been a tremendous increase in the demand for thermal insulation materials worldwide. Long-term demand will be fueled by stringent government rules relating to emissions from operations in the construction and automotive sectors. Thermal insulation has advantages for supporting auxiliary building components like roofing and flooring during construction.

Niche applications in aerospace structures in addition to investments into smart city infrastructure are providing impetus to investments into product research & development, with a focus on material and design. End-user specific customization of product offerings on the basis of density, thermal conductivity, thickness and more will influence developments in the market for the foreseeable future.

The growing demand for thermal insulation materials, particularly from emerging economies will offer key growth opportunities. On the other hand, the volatility in the pricing of raw material will challenge the growth of market participants. Market vendors are more likely to focus on the growth prospects in the fast-growing segments, while consolidating their positions in relatively slower-moving products.

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Key Takeaways of Thermal insulation material Market Study

  • Thermal insulation material sales to increase at above 4% CAGR through the assessment period.
  • Backed by strong demand from the building and construction sector, insulation for 1ºC to 100ºC will hold the lead in 2021.
  • Continuing issues in terms of energy supplies in the U.K. and Germany markets to register higher growth.
  • United States is projected to record strong demand driven by rising applications in automotive sector.
  • China will emerge as a high potential market, with investments in urbanization and manufacturing efforts in the country.

“Thermal insulation materials find widespread applications in spacecraft, buildings, clothing, mechanical systems, and in automotive offerings among others. Customization on the basis of specific heat capacity, thickness, surface emissivity, thermal bridging, thermal conductivity, and density will support demand as per the requirements of the target area,” Says an FMI analyst.

Developments in Green Construction Set to Drive Growth

According to FMI, thermal insulation material has immense scope for application in the building and construction industry owing to the increased focus in the sector on resource efficient and environment friendly materials. Also, there is a substantial growth in the construction of green buildings around the world owing to volatility in high energy prices, and concerns associated with environmental impact, along with the health and comfort of occupants. In addition, green building rating systems implemented in developed regions across Europe and North America such as the Leadership in Energy and Environmental Design, are contributing to growth.

Who is Winning?

The global thermal insulation material market can be considered as moderately consolidated, with a few leading players accounting for a prominent share of the overall thermal insulation material market. Manufacturers are increasingly focused on investments into research and development aimed towards new product launches.

Key market participants including BASF SE, Asahi Kasei Corporation, Rockwool International A/S, E. I. du Pont de Nemours and Company, Bayer AG, Berkshire Hathway (Johns Manville), Dow Chemicals Company, Owens Corning, Saint Gobain S.A., and Kingspan Group PLC amongst others are also focusing on consolidating their presence in the global market by entering into strategic industry collaborations with other market participants.

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Key Segments

Material Type

  • Stone Wool
  • Fiber Glass
  • Plastic Foam
  • Others

Temperature Range

  • -160°C to -50°C
  • -49°C to 0°C
  • 1°C to 100°C
  • 101°C to 650°C

Want to Know More?

Future Market Insights has published a market research report on the thermal insulation material market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the thermal insulation material market through three different segments – material type, temperature range, and region. The thermal insulation material market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Super Absorbent Polymers Market Are Revolutionizing the Agriculture Industry to Reach a USD 16.5 Billion in 2033

The super absorbent polymers market size is predicted to be worth US$ 10.2 Billion in 2023, rising to US$ 16.5 Billion by 2033.  The market for super absorbent polymers is expected to grow at a significant CAGR of 5% during the forecast period.

The adoption of super absorbent polymers is increasing as a result of an older population and more awareness of the advantages and practicality of adult incontinence solutions. In response to the rise in adult incontinence cases, governments from various countries are focusing on producing incontinence products through collaborative efforts with manufacturers and medical professionals.

In countries such as the United States, the United Kingdom, Germany, and Australia, government initiatives encourage the use of adult incontinence products. Furthermore, the demand for super absorbent polymers is expected to rise because of their superior water absorption and holding capacity in the construction and waste management industries.

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Manufacturers in the market for such materials are developing the iodine transfer polymerization (ITP) technique to generate new classes of superabsorbent polymers based on acrylic acid (AA). Because of their remarkable absorption characteristics, ITP-produced AA-based superabsorbent polymers are gaining appeal in the diaper industry.

As a result, superabsorbent polymer companies are stepping up R&D efforts to employ specific organoiodine chain transfer agents to polymerize AA in an aqueous solution. The ITP method makes it feasible for superabsorbent polymers to have better gel strength and absorption capabilities, which is favorable to diaper manufacturers.

Businesses are enhancing their reputations by creating super absorbent polymers that balance biomass. Expanding the distribution network is becoming more important to take advantage of the unmet demands that are prevalent in emerging nations. Additionally, to stay up with shifting customer preferences, more focus will likely be placed on the creation of bio-based SAP.

Key Takeaways from the Super Absorbent Polymers Market 

  • The US super absorbent polymer market is anticipated to expand at a CAGR of 4.8% over the anticipated time frame. By 2033, it is anticipated that sales of super absorbent polymers in the US are likely to surpass US$ 3.1 billion.
  • Sales of super absorbent polymers increased at a 4.4% CAGR between 2018 and 2022, citing FMI’s study.
  • Between 2023 and 2033, sales in North America are anticipated to grow at a 4% CAGR, supported by increased demand in the United States and Canada.
  • The market for super absorbent polymers in the UK is anticipated to grow at the greatest rate, 5.5% CAGR. By 2033, it is expected that the UK market would have contributed more than US$ 982.4 Mn in revenue.
  • China’s super absorbent polymer sector is estimated to exceed US$ 3.4 Bn by 2033.
  • Between 2023 and 2033, sales of super absorbent polymers are likely to increase in Japan and South Korea at 4% CAGR and 4.4% CAGR, respectively.
  • The market for super absorbent polymers is anticipated to rise in Europe at a CAGR of 4.4% between 2023 and 2033.

Who is Winning?

Companies in the super absorbent polymers market are pursuing strategic alliances and partnerships with other major players to increase their regional footprint. To preserve their global presence, manufacturers are likewise concentrating on expanding their production operations abroad.

Due to stringent environmental regulations and growing customer demand for sustainable products, major players in the market are looking for renewable resources to increase their production capacity in eco-friendly raw materials.

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Key Companies Profiled

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

Recent Developments in the Super Absorbent Polymers Industry

  • The Abu Dhabi National Oil Company, Adani Group, BASF SE, and Borealis AG have all committed to the feasibility study to evaluate a collaboration for the construction of a chemical complex as of October 2019.
  • In March 2021, BASF stated that it will invest around $30 million in its highly absorbent polymer division. BASF is creating a state-of-the-art center of excellence for super absorbents in Antwerp, Belgium.
  • In June 2021, Bharat Petroleum Corporation Limited (BPCL) announced that it will construct a super-absorbent polymer unit at the Kochi refinery.
  • The FAVOR®max line of ultra-thin baby diapers with special qualities that make diapers and incontinence products even more dependable and absorbent was introduced by Evonik Industries AG in March 2017.

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Super Absorbent Polymers Market by Category

By Product Type:

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

By Application Type:

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

By Region:

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

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Biopolymers Market: According to the latest market survey conducted by Future Market Insights, the global Biopolymers market is relishing a market valuation of US$ 12.09 Bn in 2022 and is all set to expand with a CAGR of 11.03% during the 2022 – 2032 period.

Aromatic Ketone Polymers Market: The current valuation of the market is US$ 1,032.44 million in 2022. The market value of the aromatic ketone polymers market is anticipated to reach a high of US$ 2,677.88 million by the year 2032.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Geocells Market for Green Infrastructure: Enhancing Sustainability in Urban Areas to Reach US$ 242.25 Million by 2032

During the forecast period 2022-2032, the geocells market is expected to grow at a value of 6.1% CAGR, according to Future Market Insights. By the year 2032, the global market for geocells is expected to rise up to a market valuation of US$ 242.25 Million.

Geocells are robust, lightweight three-dimensional systems constructed of polymer film strands, sometimes known as geotextiles. These items are also known as cellular confinement systems. These geocells are new geosynthetic materials that increase the load-carrying capacity and strength of the structure by up to five times.

The use of geocells reduces pavement thickness and vertical stresses significantly. These cells are used for a variety of purposes, including channel and slope protection, extra load support, wall retention, and shoreline protection.

North America is expected to grow significantly in the geocell market over the projection time frame due to rigorous government regulations and policies, as well as rapidly expanding infrastructure. Due to the rising demand for geocells in various developing economies such as India, Japan, China, and Malaysia, Asia Pacific is likely to grow rapidly and form the most lucrative market for geocells.

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Furthermore, significant infrastructure developments in the MEA are projected to contribute to growing demand. Europe is projected to have large demand because of rapid industrial expansion and improved government regulations, notably in its western region, which comprises Germany, France, Austria, and the Netherlands.

Due to their superior load-bearing capabilities, manufacturers favor very lightweight and hard-durable materials such as PP and HDPE. Furthermore, deployment across operations linked to earth reinforcement to bring in strong infrastructure provision is expected to be a major opportunity in the worldwide geocells market during the projection period.

Key Takeaways from the Market Study

  • In 2022, the global geocells market is estimated to have a global market size of US$ 134 Million.
  • By material type, the HDPE segment is expected to gain a 71.5% market share in 2022.
  • By application type, the channel protection segment is projected to acquire a global market valuation of 42% in 2022.
  • The North American market for geocells will expand with a market share of 39% in 2022.
  • The APAC geocells market is expected to grow with a 7.5% CAGR during the forecast period.
  • Europe is projected to grow with a 5.9% CAGR during 2022-2032.

“Extensive usage of geocells in water conservation programs, as well as the development of lightweight and nano-fiber-based geocells, are expected to drive market expansion across the forthcoming decade,” comments a Future Market Insights analyst.

Competitive Landscape

The market’s leading players rely heavily on product innovation and expanding their product portfolio. Aside from that, firms are pursuing tactics such as collaborations and acquisitions.

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Key Companies Profiled

  • Presto Geosystems
  • Polymer Group Inc.
  • TMP Geosynthetics
  • Armtec Infrastructure Inc.
  • Strata Systems Inc.
  • PRS Mediterranean Ltd.
  • Maccaferri S.p.A.
  • ACE Geosynthetics
  • Miakom Group
  • Wall Tag Pte. Ltd.
  • Tensar International Ltd.
  • Bermuller & Co. GmbH
  • Greenfix Soil Stabilization and Erosion Control Limited
  • Tencate Geosynthetics
  • Admir Technologies
  • Polyfabrics Australasia Pty Ltd.
  • Low & Bonar
  • ABG Geosynthetics
  • Huifeng Geosynthetics
  • SABK International
  • Wrekin Products Ltd.
  • CeTeau Group.

For Instance:

  • Bermuller & Co. GmbH is a well-known geosynthetic fabric company that provides one-of-a-kind transportation infrastructure solutions. BONTEC NW non-woven fabrics are available from the company and are utilized in earthworks, road construction, and construction management. These are utilized to filter soils that must be discharged during the construction phase while designing geocells.
  • Greenfix is a well-known soil stabilization and erosion control specialist, offering a comprehensive line of erosion prevention cellular confinement systems, including the well-known Geoweb® line. The Tree Root Protection System is one such solution since it protects roots planted inside the top 600 mm of the soil’s surface layers by dispersing the load horizontally and thereby avoiding compaction.

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Key Segments Covered in the Geocells Market Report

Geocells Market by Application:

  • Slope Protection
  • Earth Reinforcement
  • Load Support
  • Tree Root Protection
  • Channel Protection

Geocells Market by Material Type:

  • High-Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Polyester
  • Other Polymeric Alloys

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Agri Textiles Market: The market for Agri textiles was worth USD 9760.47 million in 2022, and it is anticipated to grow to USD 17533.73 million by 2032, at a compound annual growth rate (CAGR) of 6.3%.

Technical Textiles Market: The technical textiles market will register positive growth with the overall valuation forecast to surpass US$ 183 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.60% between 2021 and 2031.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
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Future of Membrane Chemicals Market: Innovations and Growth Opportunities

According to predictions, the market for membrane chemicals would increase from US$ 2.2 billion in 2023 to US$ 3.9 billion by 2033. From 2023 to 2033, the membrane chemicals market is anticipated to grow at a 6.1% CAGR.

The growing demand for water treatment chemicals from end users is one of the key drivers of the market’s rise. Water chemical filtration is less expensive than physical purification. Although expensive to execute, advanced technologies like ion exchange, UV filtering, and RO are occasionally possible.

The expansion and growth of the water treatment industry has led to an increase in the market for membrane chemicals. In other words, when extraction, filtering, and distillation requirements rise, membrane chemicals become a crucial part of waste water treatment. The global need for clean water is directly affecting the market’s growth rate.

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In the pharmaceutical industry, there is a growing need for high-quality, pure water that is free of hazardous bacteria and germs for applications including equipment cleaning, rinsing, as well as the formation of pharmaceuticals, non-compendia waters, and laboratory waters. The market growth rate is projected to be driven by the expanding usage of RO membrane chemicals in the pharmaceutical industry.

Growing adoption of RO technology for operations in water-intensive businesses. Additionally, businesses are spending a lot of money to create profitable compounds that will stop RO membranes from becoming fouled and treated. It is anticipated that increasing such manufacturer investment and installation would present a huge potential for the expansion of the market.

The largest market for membrane chemicals is in North America, followed by markets in Europe and the Asia Pacific. The primary factor driving the development of membrane separation technology in North America is the expanding use of it in waste water treatment facilities in businesses and governments.

Key Takeaways

  • The market for membrane chemicals in the United States is anticipated to grow at a CAGR of 6.1% through 2033.
  • With a CAGR of 5.8%, the United Kingdom membrane chemicals market is expected to grow significantly during the forecast period.
  • With a CAGR of 5.1% throughout the research period, South Korea is predicted to grow rapidly in the market for membrane chemicals by 2033.
  • The membrane chemicals market in China is expected to grow at a CAGR of 6.4% over the forecast period.
  • With a CAGR of 5.4% throughout the research period, the market for membrane chemicals in Japan is anticipated to increase speedily.
  • The scale inhibitors category of the membrane chemicals market’s product type segment is predicted to develop at a CAGR of 5.8% through 2033.
  • In the market for membrane chemicals, the waste water treatment section of the end-use category is estimated to showcase a CAGR of 5.4% over the forecast period.

Competitive Landscape

Top manufacturers of membrane chemicals market are Veolia Water Technology, Applied Membranes, Inc., H2O Innovation, Genesys International, Kemira, GE Water & Process Technologies, BWA Water Additives, Nalco, Reverse Osmosis Chemicals International, King Lee Technologies, LennTech BV and others.

These companies have used a variety of tactics to grow their market share for membrane chemicals. To increase their client base and revenue, they have used both organic and inorganic growth techniques, including new product launches, acquisitions, corporate expansions, and collaborations.

Recent Developments

  • In August 2020, an ultra-compact biological treatment with concentrated technology called EcosimTM was launched by Veolia Water Technology. It provides biological treatment for household wastewater within a range of 50 to 2,000 individual counterparts and is particularly made to satisfy the demands of small to medium-sized hotels, construction sites, and municipal settlements in remote places.
  • In June 2020, announcing the signing of a strategic partnership with ceramic membrane producer Nanostone Water, Inc., H2O Innovation Inc. reaffirmed its position as the leading water industry integrator of ceramic membrane systems.

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Membrane Chemicals Market Segmentation by Category

Product Type:

  • Scale Inhibitors
  • Coagulants & Flocculants
  • Biocides
  • PH Adjusters
  • Dechlorinants
  • Others

End User:

  • Waste Water Treatment
  • Municipal
  • Power
  • Food & Beverage
  • Chemicals
  • Desalination
  • Paper & Pulp

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Innovative Applications of Bio-plastics Market in Various Industries: Future of Sustainable Packaging

A growing beverage packaging industry, government support for adopting bio-based materials, and rising consumer acceptance of bio-plastics are expected to contribute to the growth of the global bio-plastic market over the forecast period.

Future Market Insights (FMI), in its latest report titled,  “Bio-plastics Market:  Global Industry Analysis and Opportunity Assessment”, estimates that the global bio-plastics market is expected to account for US$ 43.8 Bn by 2020, registering a CAGR of 28.8% during the forecast period.

Assessing the various factors driving this market, a FMI lead analyst, said, “Increasing consumer awareness regarding benefits of greener products, strict regulations to incorporate bio-based products in automotive & packaging, and increasing investments by local companies are expected to fuel the demand for global bio-plastics market.”

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Global Bioplastics Market: Drivers and Trends

Demand for bioplastics is increasing in the past decade due to growing awareness concerning environmental conservation, the use of bio-based or natural resources for manufacturing materials, and the formulation of various regulations across countries for the effective use of natural resources and waste management.

In terms of materials, the global bio-plastics market is segmented as bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA, and others. Currently, the bio-PET material segment dominates the bio-plastics market and was estimated to be US$ 5.6 Bn in 2014.

This segment is expected to reach US$ 29.1 Bn by 2020, with a momentous CAGR of 31.4% for the forecast period. Moreover, increasing demand for bio-plastics from the beverage packaging industry and the effectiveness of bio-plastics in the one-time-use application have driven the demand for bio-PET in the last few years.

Based on application type, the bio-plastics market is segmented as bottlers, other packaging, food services, agriculture/horticulture, consumer products, automotive, and others. Among all the aforementioned applications, the bottles segment is expected to dominate the market with 34.4% of the total revenue share by 2020.

However, the automotive segment is anticipated to exhibit the second-highest CAGR of 27.5% as compared to other applications during the forecast period. Additionally, the influx of new entrants is predicted to fuel the growth of others application segments, thereby accounting for a 5.0% market share by 2020.

Key regions considered for this market study include North America, Europe, Asia Pacific, and RoW (Rest of the World). Asia Pacific represents the most lucrative market, followed by North America. Asia Pacific is expected to contribute 33.7% market share to the overall bio-plastics market by 2020. The growth of Europe is supported by the strong influence of regulatory framework and awareness regarding greener products through various media among consumers.

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Key players in the global bio-plastics market are

  • BASF SE
  • Arkema, DSM NV
  • I. du Pont de Nemours and Company
  • Evonik Industries
  • NaturePlast
  • NatureWorks LLC
  • RTP Company
  • Techno polymer Co. Ltd.
  • Toray Industries Inc.

Key Segments Covered

Material Type:

  • Bio-PET
  • Bio-PE
  • Bio-PA
  • Bio-degradable Polyesters
  • PLA & PLA Blends
  • Starch Blends
  • PHA
  • others (Durable Starch Blend, Bio-TPE, Bio-PUR, Bio-PC, Cellulose Derivatives, and PCL)

Applications

  • Bottle
  • another packaging
  • food-services
  • agriculture/horticulture
  • consumer products
  • automotive

Key Geographies Covered

  • North America
  • Europe
  • Asia Pacific
  • RoW

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
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Tea Processing Equipment Market Size Surpassing a valuation of US$ 25.4 Billion by the end of 2033

With overall sales increasing at a 6.4% CAGR over the forecast period, the global tea processing equipment market is anticipated to increase from US$ 12.8 billion in 2023 to US$ 25 billion by 2033.

The global tea processing equipment market is growing due to an increase in the consumption of different types of tea, including black tea, green tea, and decaffeinated tea. This trend is anticipated to continue over the course of the forecast period.

Similarly, increasing export of tea and advancements in manufacturing technologies are expected to boost the tea processing equipment market during the next ten years.

Black tea industry is the current largest consumer of tea processing equipment. However, the green tea industry segment is likely to outpace all other segments during the forecast period. This can be attributed to the rising production and consumption of green tea worldwide.

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Leading manufacturers are continuously introducing novel tea processing equipment with attractive features such as increased efficiency and less power consumption. This will further expand the global tea processing equipment market size during the assessment period.

On the other side, exorbitant prices of automated machines are expected to stymie the growth of the tea processing equipment market in low-income regions throughout the forecast period.

Key Takeaways from the Tea Processing Equipment Market Study:

  • By processing technique, the CTC tea processing machines segment is expected to grow at a higher CAGR during the forecast period.
  • Based on automation grade, the automatic segment is likely to expand at the fastest pace between 2023 and 2033.
  • Currently, with around 20% market share, the U.S, dominates the global tea processing equipment market.
  • The tea processing equipment market in China is expected to grow at the fastest pace during the next ten years.
  • The North America tea processing equipment market is expected to register a CAGR of 6.13% between 2023 and 2033.

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Rising consumption and export of various types of teas across the world are set to propel the demand for tea processing equipment during the forecast period. Besides this, advancements in tea processing technology and rising number of start-ups offering tea will bode well for the market”, says a lead FMI analyst.

Who is Winning?

According to FMI, Steelsworth, Marshall Fowler Engineers, Kawasaki Kiko, Bharat Engineering Works, G.K Tea Industries are identified as top players dominating the tea processing equipment market.

These key players are adopting various organic and inorganic strategies such as new product launches, mergers, acquisitions, collaborations, and partnerships to gain a competitive edge in the market.

Get Valuable Insights into Tea Processing Equipment Market

FMI, in its new offering, provides an unbiased analysis of the Tea Processing Equipment market presenting historical demand data (2017-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Tea Processing Equipment based on Processing Technique (CTC Tea Processing Machine, Orthodox Tea Processing Machine), Process Components (Tea Sorting Equipment, Tea Powder Grinding, Tea Rolling Machine, Fermenting Machine, Tea Drying Equipment), End-Use Industry (Black Tea Industry, Green Tea Industry, Oolong Tea Industry), Automation Grade (Automatic, Semi-Automatic, Manual), across seven major regions.

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Tea Processing Equipment Market by Category

By Processing Technique:

  • CTC Tea Processing Machine
  • Orthodox Tea Processing Machine

By Process Components:

  • Tea Sorting equipment
  • Tea Powder grinding
  • Tea Rolling machine
  • Fermenting Machine
  • Tea Drying equipment

By End-use Industry:

  • Black Tea Industry
  • Green Tea Industry
  • Oolong Tea Industry
  • Others (Bubble tea, Yellow Tea, Decaffeinated tea etc.)

By Automation Grade:

  • Automatic
  • Semi-Automatic
  • Manual

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

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T: +1-845-579-5705
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Universal Milling Machine Market is set to surpass US$ 28,352.9 Million by the end of 2033

The global universal milling machine market is anticipated to expand at a CAGR of 4.9% from 2023 to 2033. By the end of 2033, the market is anticipated to reach US$ 28,352.9 million. In 2023, its value is projected to rise to US$ 17,572.9 Million.

The market’s advancement in technology is the cause of the rising demand for universal milling machines. Comparatively speaking, these machines are more accurate and precise than standard milling machines. Another factor boosting the market for milling machines is the growing demand for component miniaturisation.

The increasing adoption of Industry is one of the major growth drivers for the market. This technology helps in reducing production costs and increasing efficiency. The rising demand from the automotive industry is another factor driving the growth of the market.

There has been a continuous advancement in milling technology which has resulted in better productivity and accuracy.

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Key takeaways from Universal Milling Machine Market

  • Expansion of the automotive industry is one of the major factors driving sales in the U.S. market. Increasing demand for electric vehicles to control pollution and global warming levels would augur well for the U.S. market in the evaluation period.
  • Rising government investments in various sectors such as infrastructure and manufacturing in China is anticipated to drive the universal milling machine market during the evaluation period.
  • the automated adjustable segment is anticipated to remain at the forefront in the next ten years. This growth is attributed to rising need for spare parts as the scrapping of engines and automobiles surges
  • The global universal milling machine market is expected to grow at a CAGR of 4.9% during the forecasting period.

Increasing demand from the automotive industry: Universal milling machines are extensively used in the automotive industry for machining engine parts, door handles, exhaust systems, etc. The automotive sector is currently witnessing strong growth globally on account of factors such as increasing vehicle production and sales, particularly in emerging economies. This is expected to drive the demand for universal milling machines over the forecast period.

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Who is winning?

The rising competition from China and other Asian countries is one of the major challenges faced by the players in the universal milling machine market. The leading players in the market are investing in research and development activities to expand their product portfolio. Some of the key players operating in the global universal milling machine market are Dalian Machine Tool Group Corporation, Doosan Infracore Co., Ltd., EMCO Group, Haas Automation, Inc., Hurco Companies, Inc., Johnford Machinery Co., Ltd.

Get Valuable Insights into Universal milling machine Market

FMI, in its new offering, provides an unbiased analysis of the Universal milling machine equipment market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Universal milling machine equipment based on Product Type (Adjustable Cutter Head, Automated Adjustable), Number of Axis (3 Axis), Application (Plastic Industry, Wood Industry, Metal Industry)

Universal Milling Machine Market Outlook by Category

By Product Type:

  • Adjustable Cutter Head
  • Automated Adjustable

By Application:

  • Plastic Industry
  • Wood Industry
  • Metal Industry

By Number of Axis:

  • 3Axis
    • X-Travel
    • Y-Travel
    • Z-Travel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

Future Market Insights, Inc.
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T: +1-845-579-5705
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Wine Fermentation Equipment Market is expected to grow at a CAGR of 4.0 during the forecast 2033

The wine fermenting equipment market is anticipated to expand at a CAGR of 4.0% from 2023 to 2033. By the end of 2033, the market is anticipated to have increased from US$ 1,468.2 million in 2023 to US$ 2,173.3 million.

The process of turning grape juice into wine is known as wine fermentation. Alcohol and carbon dioxide are byproducts of the fermentation process that takes place when yeast consumes the sugar in grape juice. There are many techniques and resources available to complete this task.

The open-top fermenter is the most typical kind of fermentation apparatus. This kind of fermenter often has a big hole at the top and is made of food-safe plastic or stainless steel. The must (grape juice and solids) may be easily accessed during fermentation thanks to the open top fermenter. Red wine is frequently produced in open-top fermenters because they enable better contact between the must and skins, which enhances the extraction of colour and flavour from the grapes.

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It is predicted that the number of wineries would rise in both developed and emerging nations over the evaluation period, causing the global market to expand steadily. Due to expanding pub culture and high disposable money, consumers’ demand for wine has increased significantly over the past few years.

Additionally, millennials today are different from baby boomers in terms of how they perceive, taste, and consume particular alcoholic beverages like beer, champagne, and wine. As a result, significant players would have new growth prospects to diversify their product lines of wine fermenting equipment.

According to FMI, the global market for wine fermentation equipment grew steadily throughout the course of history at a CAGR of 3.3%. This expansion was related to the increased use of wine fermenting technology to facilitate wine processing globally.

Manufacturing of wine fermentation equipment is expected to benefit from the growing use of automation and robots in the wine-making process. Modern winery equipment with automated movements, automated packaging, and temperature controls are just a few of the cutting-edge features being created by famous companies throughout the world.

How are American Businesses that Make Wine Fermentation Equipment Faring?
By 2033, “Relaxed Trade Duties in the United States will Drive Sales of Wine Fermentation Kits”

The U.S. market for wine fermenting equipment is anticipated to expand at a CAGR of 38% over the next 10 years, according to FMI. Since the dawn of time, the enormous demand for wine has served as the inspiration for all American producers, spurring them on to develop new goods.

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Additionally, it is anticipated that lowered trade restrictions and tariffs will increase demand for wine in the United States. According to the Wine Institute, overall wine consumption per inhabitant increased to 3.18 gal in 2021 from 3.07 gal in 2020.

Why is China a High-potential Hub for Wine Fermentation Equipment Emerging?
By 2033, the launch of wines made exclusively for China will increase sales of wine fermentation vessels.

The market for wine fermentation equipment in China is anticipated to expand quickly over the assessment period, according to FMI. Sales of wine fermenting equipment in the nation are primarily driven by flavour innovation and the premiumization of wine goods.

For instance, the most well-known national alcohol and wine distributor in China, VATS Liquor Store, debuted a China-exclusive wine in August 2022. Penfolds is a flagship Australian wine brand owned by Treasury Wine Estates.

Wine Fermentation Equipment Market Outlook by Category

By Product:

  • Tank and Fermenters
  • Crushing and Pressing Equipment
  • Temperature Control Equipment
  • Filtration Equipment

By Application:

  • Commercial Kitchen
  • Household Kitchen
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports