Market Research Blog

The global wood plastic composite (WPC) floorings industry size is to be worth USD 2.23 billion in 2023. The market is to develop at a 7.0% CAGR from 2023 to 2033, reaching USD 4.19 billion by 2033. The market growth is being driven by a growing emphasis on the development of sustainable construction materials, as well as greater repair and restoration activities.

When compared to typical wood products, wood plastic composite is more durable, has higher shear and bending strength, and has lower moisture content. Due to the superior qualities of wood plastic composite, it is increasingly being used in windows, external siding, doors, flooring, landscaping, fencing, and interior molding. As a result, the wood plastic composite floorings demand is increasing in comparison to traditional wood.

Market Strategies for Wood Plastic Composites (WPC) Floorings

The wood plastic composite (WPC) floorings demand has grown dramatically over the years, owing to the emerging need for environmentally benign and low-cost raw materials in the residential sector. Similarly, increased investment in infrastructure development in both the residential and commercial sectors is to offer the wood plastic composite (WPC) floorings market a significant boost.

More emphasis on product research and development to improve temperature resistance and strength is predicted to favorably influence wood plastic composite (WPC) technology market growth in the coming years.

Product Segment Information and Insight

The WPC floorings market is divided into three products: polypropylene, polyvinylchloride, and polyethylene, where polypropylene is expected to flourish considerably. The increasing use of this sector in numerous niche applications such as furniture and water-resistant coatings is fuelling its wood plastic composite floorings demand.

Polyvinylchloride thermoplastics are rapidly being utilized in the automobile industry to make seat cushions, backrests, dashboards, and door panels due to their better insulating capabilities, which is driving wood plastic composite sheet rise.

The polyethylene category is to increase at a considerable rate. The increasing use of polyethylene in businesses, resorts, hospitals, and residences is contributing to its expansion. The vehicle industry’s increasing wood plastic composite board demand because of its low stiffness, cost-effectiveness, and durability is boosting its demand.

Regional Points of View

The United States is to see strong wood plastic composite floorings demand due to its use in the construction of window frames, porches, and docks. The need for bio-based polymers in street construction and landscaping applications is to stimulate the wood plastic composite (WPC) floorings market expansion.

Asia Pacific is to expand at a robust CAGR throughout the projection period, owing to rising industrialization and purchasing power. Changing consumer preferences in China, fragmented distribution, increased competition in the local market, and an increase in dual-income households create an attractive potential for wood plastic composite (WPC) floorings manufacturers.

Key Takeaways

• 5 mm segment in the thickness category to develop at a CAGR of 7.7% during the forecast period.
• The commercial buildings segment in the end-use category is to develop at a CAGR of 7.1% during the forecast period.
• By 2033, the United States wood plastic composite (WPC) floorings market is expected to expand at a CAGR of 3.5% and reach USD 705.3 million.
• By 2033, the France wood plastic composite (WPC) floorings market is likely to thrive at a CAGR of 2.4% to reach USD 156 million.
• The German wood plastic composite board market is expected to record a 3.5% CAGR to attain US$ 251.8 million by 2033.
• By 2033, the Chinese wood plastic composite sheet market is likely to accelerate by 4.1% CAGR to surpass USD 442.8 million.
• The Japan wood plastic composite (WPC) floorings market is expected to progress at 3.1% CAGR by 2033 to achieve USD 225.1 million.

Insights on the Wood Plastic Composite Industry

Leading wood plastic composite (WPC) technology market participants are prioritizing strategic initiatives to strengthen their positions and achieve a competitive advantage in the market.

For instance, CertainTeed Corporation is a market leader in the production of various types of wood plastic composite products. It is a subsidiary of Saint Gobain, and the corporation is involved in mergers and acquisitions, new product development, and growing production capacity to strengthen its market dominance.

The wood plastic composite (WPC) floorings manufacturers are attempting to increase the quality of their products in order to attract a broader consumer base.

Recent Advancements in the Wood Plastic Composites (WPC) Floorings Market

• Partnership

The AZEK Company Inc. and ThreadUP, an online resale player for apparel, shoes, and accessories, formed a recycling partnership in December 2022 to transform ThredUP’s Clean Out Kit plastic films into the TimberTech Composite Decking line of products, which represents low-maintenance and highly durable outdoor living products.

• Introduction

MoistureShield, a branch of Oldcastle APG, a CRH Company, introduced MoistureShield Cladding in February 2022, which has a durable and low-maintenance surface and adds visual appeal to the exteriors. The product is made with 95% recycled content, making it eligible for LEED (Leadership in Energy and Environmental Design) green building credit.

Key Players

• Armstrong Flooring (Afi Licensing LLC)
• Mannington Mills
• Pro Tek
• Parterre Flooring
• Shanghai Seventrust Company Co., Ltd.
• Oakio
• Spectra Contract Flooring
• Coretec
• Tecnodeck
• Wpc – Woodplastic A. S.
• Leben India Private Limited
• Novowood
• Taizhou Huali New Materials Co., Ltd.
• Nanjing Xuhua Sundi New Building Materials Co., Ltd.

Key Segments

By Thickness:

• 4 mm
• 5 mm
• 5.5 mm
• 6.5 mm
• 8 mm

By End Use:

• Commercial Buildings
• Residential Buildings
• Retail Outlets

By Region:

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

Old Source: Wood Plastic Composite (WPC) Floorings Market to Be Worth US$ 3643.3 Million by The Year 2030 – Comprehensive Research Report by FMI

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global industrial adhesives industry size is predicted to register a CAGR of 4.4% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from USD 57,444 million in 2023 to USD 85,786.4 million by 2033 end.

The industrial adhesives industry is being driven forward by the extensive application areas of the product. For instance, in the construction industry, the product is used for ceramic tile installation, floor tile and flooring installation, counter lamination, and carpet adhesives, among others.

The ongoing investigation of industrial adhesives for their environmental impact is making waves in the market space. As a result, emphasis is being placed on the acquisition of environmentally safe and superior-quality adhesives. Due to the adverse effect of synthetic compounds and the limited raw materials (oil reserves), renewable and natural resources offer an attractive alternative for the development of industrial adhesives.

The product further finds application in consumer products like decorative films, model and hobby supplies, and school and stationery products, among various other application areas. Surging demand for the product from construction, consumer adhesives, tapes, packaging, and transportation, among others, and the high growth of the aforementioned sectors, are expected to have a positive influence on the industry growth.

Top Highlights from the FMI’s Analysis of the Industrial Adhesives Market:

• China’s industrial adhesives industry acquired a large share of the market in the historical period and is projected to maintain its share in the forecast period as well. The market is expected to gain a total of USD 28,413.1 million by 2033. In the following years, China market is expected to trail at a CAGR of 4.1%, significantly higher than the other competitive regional markets.
• Second in line is the United States market, which is expected to stand at a valuation of USD 11,440.8 million by 2033, registering a CAGR of 3.5% in the meantime.
• In Europe, Germany is predicted to emerge as a significant market, attaining a net worth of USD 4,223.4 million by the end of 2033. Over the forecast period, the country is projected to assume a CAGR of 3.5%.
• On the basis of product type, acrylic is expected to be a top segment in the coming years. The acrylic segment is projected to expand at a CAGR of 5.3%, higher than the growth rate of 4.6% CAGR observed in the historical period.
• Water-based technology is expected to be a prominent segment in the coming years. The technology is expected to thrive at 3.5% CAGR, up from the 3.3% CAGR displayed over recent years.

Stay up-to-date with Recent Market Developments as Observed by FMI

• In December 2021, Meridian Adhesives Group shared that it had acquired American Sealants Inc., which is famous for its innovation in product assembly of adhesives and sealants. Such solutions have multitudinous applications in multiple markets and applications.
• In July 2022, Arkema revealed the strategic acquisition of Permoseal, which is a leading player in adhesive solutions for DIY, woodworking, packaging, and construction. The latter offers a wide portfolio of technical and sustainable solutions for different industry sectors.

Key Players as Profiled by FMI

• 3M
• Sika AG
• Dow Inc.
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Arkema S.A.
• Huntsman Corporation
• Teraoka Seisakusho co., Ltd.
• Pidilite Industries Limited

Industrial Adhesives Market by Category

By Product Type:

• Acrylic Adhesive
• Epoxy Based Adhesive
• PVA
• Polyurethane
• EVA
• Others

By Technology:

• UV Cure Adhesive
• Pressure Sensitive Adhesive
• Water-based Adhesive
• Solvent Based Adhesive
• Hot Melt Adhesive
• Others

By End-use:

• Automotive & Aerospace
• Healthcare & Hygiene
• Consumer Goods
• Packaging
• Construction
• Electronics
• Furniture & Metalwork
• Glass Making
• Footwear
• Paper

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific

Read Complete Research: Industrial Adhesives Market is projected to reach a valuation of US$ 85,786.4 million by 2033 Says Future Market Insights, Inc.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The gold plating chemicals industry size is securing a valuation of USD 467.1 million in 2023 and is anticipated to rise to USD 703.8 million by 2033. The market is registering a CAGR of 4.5% during the forecast period.

Trends in the Global Gold Plating Chemicals Market

The increasing demand for gold plating chemicals in the electronics industry, particularly in consumer electronics manufacturing, is fueling the market trend. Gold plating enhances connectors’ and other electronic components’ electrical conductivity and durability.

Another factor contributing to the growth of the gold plating chemicals market is the rising demand for jewelry and other luxury items. Gold plating is a popular method of adding a layer of gold to items made from other materials such as silver, brass, or nickel.

In terms of trends, there is a growing interest in developing eco-friendly gold plating chemicals that are less harmful to the environment and human health. It is driven by increasing consumer awareness of sustainability and the need for businesses to adopt more sustainable practices.

The growing trend towards using non-cyanide gold plating chemicals upsurges the market size. Cyanide-based chemicals have traditionally been used in the gold plating process, but concerns about their toxicity and environmental impact exist. Non-cyanide alternatives are seen as safe and sustainable options.

Overall, the gold plating chemicals market is expected to grow in the coming years, driven by demand from the electronics and luxury goods industries.

Key Takeaways:

• The gold plating chemicals market is expected to have a valuation of USD 703.8 million by 2033.
• With a CAGR of 4.5%, the global market is increasing during the forecast period.
• The market in the United States is anticipated to capture a CAGR of 3.5% in the global market through 2033.
• China is dominating the global market by capturing a valuation of USD 138.6 million by 2033.
• Historically, the market captured a valuation of USD 445.5 million between 2018 and 2022.

Who is Winning?

The market is highly competitive, with several key players present globally. These players invest huge amounts in research & development activities to generate maximum profit in the market. The marketing tactics that players adopt include mergers, collaborations, partnerships, agreements, and product launches.

Other Essential Players Working in the Market:

• Atotech Deutschland GmbH
• Technic, Inc.
• American Elements
• Electroplating Engineers of Japan, Ltd. (EEJA)
• Umicore Group
• HEESEMANN Maschinenfabrik GmbH
• Heraeus Holding GmbH
• Johnson Matthey Plc
• Tanaka Holdings Co., Ltd.
• Legor Group S.p.A.
• Coventya Holding SAS
• DOW Chemical Company
• Advanced Chemical Company
• Japan Pure Chemical Co., Ltd.

Recent Developments in the Global Market:

• Atotech is a leading player in the market, offering various products for the electronics, automotive, and decorative industries. In 2020, the company launched a new electroless nickel immersion gold (ENIG) process designed to provide superior adhesion and corrosion resistance for PCBs (printed circuit boards).
• Heimerle + Meule GmbH is a German company that specializes in precious metal refining and surface treatment. In 2020, the company introduced a new line of cyanide-free gold plating chemicals called Auruna 5500.
• Technic Inc. is a US-based company that provides various plating chemicals and equipment for the electronics, automotive, and medical industries. In 2020, the company launched a new line of non-cyanide gold plating chemicals called Techni Gold NC. These chemicals are designed to offer improved performance and efficiency compared to traditional cyanide-based alternatives.
• Uyemura International Corporation is a Japanese company that specializes in surface finishing technologies. In 2021, the company announced the development of a new gold plating process called Miralloy. This process provides high corrosion and wears resistance for connector contacts and other electronic components.
• Japan Pure Chemical Co. Ltd. is a Japanese company that produces various chemicals for the electronics, automotive, and aerospace industries. In 2020, the company introduced a new line of gold plating chemicals called GOLDCORE PL.

Gold Plating Chemicals Market by Category

By Chemicals:

• Potassium Gold Cyanide
• Palladium Acetate
• Sodium Succinate
• Succinic Acid
• EDTA
• Others

By Type:

• Cleaning Chemicals
• Pre-treaters
• Electrolyte Solutions
• Acids
• Additives
• Others

By Application:

• Electronics
• Jewellery
• Infrared Reflector & Radars
• Gold Plated Products
• Others

By Region:

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

Read Complete Research: Gold Plating Chemicals Market is estimated to reach worth of US$ 703.8 Million by 2033 at a steady CAGR value across the forecast period | Future Market Insights, Inc.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global gypsum industry size has had phenomenal expansion in recent years. By 2033, the market may register a 6.2% CAGR, reaching USD 13.76 billion. Gypsum sales are estimated to reach USD 7.85 billion in 2023. One of the key elements driving the gypsum mineral market’s growth is the expansion of the building sector.

House Interiors are Assimilating Synthetic Gypsum Products to Amplify Organic Gypsum Demand

Construction design has become an art form thanks to modern technology. Gypsum is a material that is becoming more and more well-liked. Synthetic gypsum is an ideal material for interior design considering its potential to insulate areas and conserve energy. It conceals the exposed wiring without looking bulky or out of place. The gypsum mineral is perfect for homes in busy neighborhoods because it can absorb sound.

Gypsum is becoming more and more popular at astounding rates. The commercialization of the home interior and decorative business intends to offer the maximum high-growth prospects for the gypsum market.

Gypsum’s Potential in the Agricultural Industry to Support Gypsum Market Expansion

While farmers have utilized gypsum (calcium sulfate dihydrate) for generations, it has gotten an increased interest in recent years due to various benefits of natural gypsum, including:

• Supply of Calcium and Sulfur for Plant Nutrition: As soil quality deteriorates, plants become more sulfur deficient. Therefore, being a rich supply of sulfur, gypsum powder is gaining popularity as a feasible solution to this problem.
• Improves Acid Soils and Treats Aluminum Toxicity: Gypsum can reduce aluminum toxicity, which frequently coexists with soil acidity, especially in subsoils.
• Improves Soil Structure: Aggregation, or flocculation, is required to establish a soil condition favorable for root development as well as air and water circulation. Natural gypsum has traditionally been employed in sodic soils to improve aggregation and minimize or eliminate dispersion.

Availability of Substitutes to Cap Gypsum Market Growth

Gypsum has various replacements, particularly in the building industry, which may impede the expansion of the gypsum market.

There is no feasible substitute for gypsum in the production of Portland cement. Synthetic gypsum produced by various industrial processes, including FGD of smokestack emissions, is critical as a substitute for natural gypsum in wallboard manufacturing, cement production, and other applications.

Strong Growth Potential May Be Posed by China’s Soaring Construction Industry

The construction industry in China has grown tremendously. A survey that was released predicted that in 2023, the value of China’s construction industry may surpass US$ 4.5 trillion. A CAGR of 4.1% is anticipated for the gypsum powder market for the projection period.

China’s construction industry has potentially given its enormous population and advanced industrial infrastructure. The economy of China has been negatively impacted by the economic slump and the coronavirus outbreak; manufacturing and construction were particularly heavily damaged. The demand for synthetic gypsum may slowly increase over the short term. In the long term, however, the business is going to swiftly recover and present a sizable amount of space for growth.

Key Takeaways

• Natural gypsum may develop at a CAGR of 5.8% in the product type segment from 2023 to 2033.
• Cement in the end-use segment may advance at a CAGR of 6.2% between 2023 and 2033.
• By 2033, the United States gypsum powder market is going to expand at a CAGR of 3.5% and reach USD 1.047 billion.
• By 2033, the France gypsum market may have matured at a CAGR of 2.4% to reach USD 218.4 million.
• The German market is likely to register a 3.5% CAGR to attain USD 162.3 million by 2033.
• By 2033, the China market may accelerate by 4.1% CAGR to surpass USD 1.6 billion.
• The Japan gypsum market is estimated to progress at 3.1% CAGR by 2033 to achieve USD 416.8 million.

Economic Setting

In order to enhance their production capacity and gain access to new distribution networks, well-known enterprises that produce gypsum are emphasizing expansion by building new plants. This may increase their customer base.

The ability to set prices at par with rivals can help gypsum manufacturers avoid the costs associated with price-setting processes that involve trial and error.

Leading gypsum manufacturers dominate the top step on the ladder of the global market. These firms control a huge portion of the market—more than 50%.

Prominent Economic Actors of the Market

• Knauf AG
• LafargeHolcim
• Yoshino Gypsum Co. Ltd.
• Global Mining company
• Saint Gobain
• Jonoub Gypsum
• Georgia Pacific
• Zawami Minerals Co.
• Rajasthan State Mines
• FCI Arawali Gypsum
• AI Jood Natural Resources
• American Gypsum
• Gypsco
• Vinayak Gypsum
• Gypsona
• Boero USA
• Arcosa Specialty Chemicals

Recent Breakthroughs

• Acquisition

Southwest Rock Products was acquired by Arcosa Specialty Materials, which was revealed in August 2021. This acquisition aids the business in expanding its line of building products.

• Investment

Knauf AG announced to building second gypsum wallboard production facility in Bukhara, Uzbekistan, in March 2020. The plans also call for spending US$ 2.4 million to add a second gypsum mixture line at the company’s Bukharagips factory.

Key Segments

By Product Type:

• Natural
• Synthetic

By End Use:

• Cement
• Drywalls
• Plaster
• Soil Amendment
• Gypsum Blocks
• Others

By Region:

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

Read Complete Source: Gypsum Market is projected to reach a revenue of US$ 13.76 Billion by 2033 and registering a healthy CAGR of around 6.2% | Future Market Insights, Inc.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The wood-charcoal industry demand is anticipated to be valued at USD 22.01 billion by 2024. The market valuation is expected to be USD 27.6 billion by 2034, fostered at a CAGR of 2.3%. Adopting sustainable production methods, such as reforestation programs and carbon-neutral initiatives, reflects industry efforts to address environmental concerns and enhance sustainability.

The propelling trend towards sustainable living and eco-friendly products presents opportunities for producers to innovate and differentiate their offerings, tapping into niche markets and expanding their customer base.

The popularity of outdoor cooking and grilling activities, particularly in regions with a strong barbecue culture, leads to the rise of eco-conscious consumers seeking sustainable and natural alternatives to traditional fuel sources, fueling demand for wood charcoal. Advancements in production technologies and packaging methods contribute to market growth by enhancing efficiency and sustainability.

Unsustainable production practices and indiscriminate harvesting of timber for charcoal production contribute to deforestation and habitat destruction, posing significant challenges to environmental sustainability. Regulatory restrictions and bans on charcoal production in certain regions aim to mitigate ecological impacts but may also limit market growth.

Technological innovations in charcoal production, such as efficient kiln designs and biomass waste utilization, contribute to market competitiveness and growth.

“The propelling demand for outdoor recreational activities such as grilling, barbecuing, and camping wood-charcoal market is one significant reason pushing the wood-charcoal market,” comments Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study

• Based on product type, the charcoal lumps are accounted to hold a market share of 71.8% in 2024.
• Canada is expected to register at a CAGR of 1.5% by 2034.
• The United Kingdom registers significant growth, projected at a CAGR of 0.97% by 2034.
• Based on the application, the fuel feedstock segment is accounted to hold a market share of 56.2% in 2024.

Competitive Landscape

Emerging contenders of wood charcoals focus on eco-friendly and premium offerings, while regional players cater to niche markets. Brand reputation, product quality, and sustainability practices are key competitive factors driving market differentiation.

Some of the key developments are

• In 2023, Duraflame Inc. announced the launch of a new line of eco-friendly wood charcoal products made from sustainably sourced materials. The key development addressed growing consumer demand for environmentally responsible charcoal options while maintaining product quality and performance.
• In 2023, Fire & Flavor Grilling Company introduced a revolutionary charcoal blend featuring natural hardwoods infused with aromatic herbs and spices. The innovative product aimed to enhance flavor profiles and elevate the grilling experience, catering to culinary enthusiasts seeking unique and flavorful charcoal options.

Key Companies Profiled

• The Clorox Company
• Royal Oak Company
• Duraflame Inc.
• Fire & Flavor Grilling Company
• Fogo Charcoal
• Cooks International LLC
• Southern Fuelwood
• Kingsford Products Company
• K.P.BIOCOAL

Key Segments

By Product:

• Charcoal Lumps
• Charcoal Briquettes
• Charcoal Powder

By Wood:

• Softwood
• Hardwood

By Application:

• Fuel Feedstock
• Reducing Agent
• Filtration Agent & Gas Masking
• Decolorizing Agent
• Gastric Medicine
• Sketches & Paints
• Soil Conditioning
• Gunpowder
• Others

By End Use:

• Residential
  • Cooking Fuel
  • Gardening
• Commercial Paints & Sketches
• Water Treatment
• Industrial
  • Metal & Metallurgy
  • Explosives & Artillery
  • Sugar
  • Alcoholic Beverages
  • Chemicals & Petrochemicals
  • Pharmaceutical
  • Other Industrial Processes

By Region:

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The precipitated barium sulphate industry size is expected to increase from USD 738.4 million in 2023 to USD 1045 million in 2033. Rising crude oil costs and increased penetration of precipitated barium sulphate in the pharmaceutical and paint and coating industries are driving the market, recording a CAGR of 3.8% between 2023 to 2033.

Its Use as a Drilling Fluid in the Oil Industry is Expected to Boost Market Prospects

Precipitated Barium Sulphate is an odourless inorganic chemical that is insoluble in water. Because of its remarkable qualities, such as poor solubility and high clearance from the body, barium sulphate is utilised as a radiocontrast agent and as a barium meal in diagnostic procedures.

Barium sulphate is a white transparent pigment used as a lake pigment in cosmetics and personal care products. Additionally, the packaging industry’s increased need is propelling the barium sulphate market.

Changing customer preferences in the event of an economic crisis changes to industrial policies to address growing environmental concerns, and massive variations in raw material pricing caused by current geopolitical tensions are the factors driving market growth. Demand for barium sulphate, which is used as a plastic filler, is increasing due to the growing demand from the plastic sector.

The expanding construction and building industry is also fueling demand for barium sulphate, which is employed in a variety of construction applications.

Natural barium sulphate is estimated to continue to be the prominent segment with high growth during the projection period due to increased oil and gas production. Because of the expansion in unconventional oil and gas extraction and fast modernization in emerging nations, oil well drilling might remain the large end-use industry over the projected period.

Several factors are driving the worldwide Precipitated Barium Sulphate market. Some of these are the pharmaceutical sector, population expansion, an increase in investment, research and development activities, increased awareness about the benefits of the product and limited arable land, and use of products such as soil fertilizer chemicals Sulphur and nitrogen.

Precipitated Barium Sulphate is becoming popular for flooded soils used in rice cultivation because nitrate-based fertilisers induce denitrification and leaching. Furthermore, many benefits of plant product growth, such as protein synthesis, have an impact on the Precipitated Barium sulphate market.

Key Points from the Precipitated Barium Sulphate Market

• The market is expected to surpass USD 1045 million by 2033.
• The key drivers for this market are growing drilling activities, increasing use in the pharmaceutical industry, and increasing use as a filler in the paint and coating market.
• The market size is anticipated to be USD 738.4 million in 2023.
• The precipitated barium sulphate market is expected to secure a CAGR of 3.8% during the forecast period 2023 to 2033.

Key Companies Profiled

1. Merck KGaA
2. Alfa Aesar
3. Solvay SA
4. Huntsman Corporation
5. Guizhou Redstar Development Co., Ltd.
6. Sakai Chemical Industry Co. Ltd.
7. Nafine Chemical Industry Group Co., Ltd.
8. Anglo Pacific Minerals Ltd.
9. Nippon Chemical Industrial Co. Ltd.
10. IBC Limited
11. The Kish Company Inc.
12. Shenzhou Jiaxin Chemical Co., Ltd.
13. Qingado Redbutterfly Precision Materials Co., Ltd.
14. Hebei Xinji Chemical Group Co. Ltd.
15. Zhushan County Qinba Barium Salt Co., Ltd.
16. Cimbar Performance Minerals Inc.
17. Gemme Corp Inc.
18. Shaanxi Fuhua Chemical Co., Ltd.
19. Shanghai Weiyi Industrial Co., Ltd.
20. Shanghai Liangjiang Titanium Chemical Co., Ltd.
21. Barium and Chemicals Inc.
22. Berckland Scientific Supplies Ltd.
23. Shanghai Loman Chemical Co., Ltd.
24. HongShaung Chem
25. Foshan Onmillion Nano Materials Co., Ltd.

Key Developments in the Precipitated Barium Sulphate Market

• July 2019 – Arkema has finalised its acquisition of Arrmaz, a producer of speciality surfactants for crop nutrition, infrastructure, and the mining industry. This acquisition is another step forward in Arkema’s march towards speciality chemicals, and it is intended to strengthen the company’s product profile.
• June 2018 – DOMO Caproleuna debuted at the DLG Feldtage with a 42-square-meter peninsular exhibit. It was held in Bernburg’s International DLG-Pflanzenbauzentrum (Saxony-Anhalt). Under the brand name DOMOGRAN, the company manufactures and distributes ammonium sulphate.
• March 2021 – TOR Minerals International Inc. was purchased by Cimbar Performance Minerals Inc. Cimbar Performance Minerals Inc. purchased TOR Minerals International Inc.’s aluminium trihydrate (ATH) and barium sulphate businesses (Barite). Cimbar was able to extend its product and presence as a result of the acquisition.

Precipitated Barium Sulphate Market Key Segment

By Particle Size:

• Up to 1 μm
• Up to 3 μm
• Up to 5 μm and above

By Application:

• Paints & Coatings
• Pulp & Paper
• Plastics & Polymers
• Rubber
• Others

By Region:

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

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