Market Research Blog

 

The carboxymethyl cellulose (CMC) market is projected to grow at a steady CAGR of 4.8% from 2023 to 2033, reaching an estimated value of USD 3,073.5 million by 2033. This growth is primarily driven by the increasing demand for CMC across various industries, including food, paints, coatings, paper & pulp, construction, and textiles. In the food industry, CMC is widely used as a thickener, stabilizer, and emulsifier, enhancing product texture and consistency. Similarly, its use in paints and coatings improves viscosity control and dispersion. The paper & pulp industry benefits from CMC’s binding and strengthening properties, while construction and textiles utilize it for its water retention and stabilization qualities. This diverse range of applications highlights the rising importance of CMC as a versatile and functional additive, fueling its sustained demand across multiple sectors.

Carboxymethyl cellulose serves as a stabilizer, thickener, and emulsifier in various food and beverage products, such as dairy products, sauces, and dressings. The pharmaceutical industry is also using it as a disintegrant and binder in tablet formulations to improve medication delivery and effectiveness. The demand for carboxymethyl cellulose in the food & beverage and pharmaceutical industries has been pushed by the rising demand for processed and convenience foods.

Carboxymethyl cellulose is used in the paint and coatings sector as a rheology modifier to enhance the consistency and performance of the end product. In addition to this, it also serves as a sizing agent in the textile industry, giving materials strength and stability throughout production. The rise of the textile sector and the growing demand for paints and coatings is anticipated to boost carboxymethyl cellulose sales further.

Key Takeaways from the Global Carboxymethyl Cellulose Market Study Report by FMI

• By the end of 2022, the United States dominated the global market by acquiring almost 12% of the total revenue share. The companies based in the country are in a good position to benefit by seizing chances to broaden their customer base in foreign countries.
• In Europe, Germany was the leading market for carboxymethyl cellulose until 2022, with a global revenue share of 5.6% that year.
• The demand for carboxymethyl cellulose is expanding fast in the Asia Pacific region as a result of rising industrialization in many countries. For instance, China and India are poised to witness year-on-year growth rates of 6.8% and 6.5% from 2023 to 2033 respectively.

Competitive Landscape for the Carboxymethyl Cellulose Market Players

Regional industries that manufacture and provide carboxymethyl cellulose are seeing much better commercial opportunities as demand for the product is spreading out in emerging economies. New market players are getting a competitive edge in global and regional marketplaces by providing custom solutions catering to various industrial requirements. However, the fluctuation in raw material prices, which can affect manufacturing costs and overall profitability, is the main challenge the regional industries face.

Key Companies Profiled

• CP Kelco,
• The Dow Chemical Company
• Ashland Global Holding Inc.,
• Anqiu Eagle Cellulose Co., Ltd,
• Wealthy Chemical Industry (Suzhou) Co., Ltd.
• Shanghai Shenguang Edible Chemicals Co., Ltd.
• Akzo Nobel N.V.
• Nippon Paper Industries Co. Ltd.
• Lamberti S.p.A.
• Xuzhou Liyuan Cellulose Technology Co. Ltd.
• Daicel Finechem Ltd
• Química Amtex, S.A. de C.V.
• DKS Co. Ltd
• Ugur Seluloz Kimya AS
• Mikro Technik GmbH

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Carboxymethyl Cellulose Industry Survey by Category

By Grade:

• High Purity Grade (99.5%+)
• Technical Grade (90 to 99.5%)
• Industrial Grade (50 to 90%)

By Application:

• Food & Beverage
• Detergent
• Paper & Pulp
• Oil Field Drilling Fluid
• Cosmetic & Pharmaceutical
• Paint & Coating
• Others (Construction, Mining, Textile, etc.)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East & 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
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The global rust remover market is poised for steady growth, projected to expand at a CAGR of 4.4% from 2023 to 2033, driven by rising demand in industries such as automotive, construction, and manufacturing. As infrastructure and industrial development continue worldwide, the need for effective corrosion protection and maintenance solutions grows, fueling demand for rust removers. Technological advancements in formulations, including environmentally friendly and biodegradable rust removers, are further propelling market growth. With increasing investments in maintenance and repair activities, the market is expected to reach a valuation of approximately USD 817.7 million by 2033, reflecting consistent industry demand for efficient rust removal solutions.

Rust remover market growth has been fueled by the construction and automotive industries’ ongoing search for low-cost corrosion removal technologies. Rust remover compounds now face fierce competition from developments in composite materials. The rising popularity of ultrasonic technology for rust removal has also limited the potential of the rust remover sector.

The rust remover industry’s revenue growth is anticipated to be supported by the rising number of remodeling and restructuring projects. Moreover, it is projected that rising government activities and the rising expenses associated with corrosion would increase demand for rust removers.

Using efficient substitutes for traditional rust removal techniques like abrasives, blasting, and others, such as chemical rust removal, is predicted to boost revenue growth in the worldwide rust remover sector. The market is driven by rising consumer awareness of rust-related problems and the necessity for preventative measures.

Over the forecast period, the use of materials like composites and fibers in a range of end-use sectors to increase corrosion resistance impede market growth. The expanding use of laser and ultrasonic technologies for rust removal is anticipated to restrain market revenue growth.

Key Takeaways

• By 2033, the rust remover market in the United Kingdom is likely to expand, with a CAGR of 2.3%.
• In 2023, the United States is expected to develop the rust remover business with a share of 18.4%.
• The rust remover market grew considerably to US$ 531.6 million in 2022.
• The rust remover industry expanded at a CAGR of 4.1% from 2018 to 2022.
• By 2033, the rust remover market in China is projected to have a CAGR of 29.5%.
• By 2033, India’s rust remover industry is projected to expand with a CAGR of 5.9%.
• Japan’s rust remover sector is likely to grow significantly, with a 4.3% share in 2023.
• Australia’s rust remover is expected to develop with a share of 1.9% in 2023.
• Germany’s rust remover business is expected to grow, with a share of 7.3% in 2023.
• In 2023, based on product type, the acid rust remover segment is expected to dominate the market, with a share of 65.0%.
• In 2023, the construction and infrastructure segment is expected to dominate the market, with a share of 18%, based on end-use.

Competitors’ Successful Techniques

Several businesses are working to produce bio-based solutions to find new sources of revenue in the rust remover sector. Several established firms have benefited from the diverse range of needs in the construction sector. Modern corrosion removal methods that can eliminate flash corrosion and prevent re-tarnishing in various settings define novel goods created by a select few players.

Using renewable technology, Cortec Company created EcoAir 422 Rust Remover in March 2021, an eco-friendly corrosion prevention product. The item is packaged in an air-powered spray can, is biodegradable, and has 92% content that is USDA certified as biobased. It is non-flammable and eliminates rust and stains without polluting.

Key Players

1. Reckitt Benckiser Group
2. Jelmar LLC
3. The 3M Company
4. The Sherwin-Williams Company
5. Corrosion Technologies, LLC
6. Chempace Corporation
7. Fuchs Petrolub SE
8. Henkel Adhesives
9. Quaker Chemical Corporation
10. PPG Industries, Inc.

Explore the Full Report for Detailed Insights!

Key Segmentation of Rust Remover Market

By Product Type:

• Acid Rust Removers
• Neutral Rust Removers
• Alkaline Rust Removers

By End-Use Industry:

• Automotive
• Aviation and Aerospace
• Oil and Gas/Petrochemical
• Marine
• Construction & Infrastructure
• Metal Machining
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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
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According to Future Market Insights (FMI), India industrial lubricants market size is expected to increase from USD 1,954.2 million in 2023 to USD 2,907.2 million by 2033. Over the next decade (2023 to 2033), sales of industrial lubricants in India are projected to rise at 4.0% CAGR.

Rapid penetration of industrialization along with growing focus on protecting heavy machinery from wear and tear is a key factor driving India market.

Similarly, escalating demand for high-performance lubricants is acting as a catalyst triggering growth in the India industrial lubricants industry.

High-performance lubricants are outperforming conventional lubricants with increasing frequency owing to their numerous advantages. These advantages consist of improved wear resistance, elevated energy effectiveness, prolonged equipment life, and reduced maintenance costs.

Changing preference towards high-performance lubricants is affected by an array of variables. This includes the increased demand for high-tech lubricants that can fulfill the needs of contemporary machinery and equipment.

Industrial users are becoming more aware of the benefits of utilizing high-performance lubricants. As a result, demand for high-performance lubricants is expected to rise steadily in the India market.

The penetration of Industry 4.0 and automation technologies is also raising the demand for lubricants that can perform better and provide enhanced safety in demanding operational environments. This will further boost India market.

Lubricant manufacturers are investing in research and development to create novel high-performance lubricants capable of satisfying the demands of industrial users. This includes the development of synthetic lubricants, which exhibit superior performance in comparison to conventional mineral oil-based lubricants.

Owing to this, the trend towards high-performance lubricants is expected to persist in the coming years due to the imperative of achieving enhanced performance and efficiency in industrial machinery and equipment.

India’s focus on infrastructure development, including roads, railways, airports, and smart cities, is generating high demand for construction and heavy machinery. This will result in increasing consumption of lubricants for the maintenance and efficient operation of such equipment.

Key Takeaways from the India Industrial Lubricants Market Study

• India industrial lubricants market is estimated to reach US$ 1,954.2 million in 2023.
• From 2023 to 2033, industrial lubricant sales in India market are expected to soar at 0% CAGR.
• By 2033, India industrial lubricants industry is projected to reach US$ 2,902.7 million by 2033.
• By base oil, mineral oil segment is expected to thrive at a CAGR of 7% from 2023 to 2033.
• By product type, hydraulic fluids segment is estimated to create an incremental $ opportunity of about US$ 322.8 million through 2033.
• By end use, power generation segment is forecast to total a valuation of US$ 612.5 million by 2033.
• West India is estimated to hold a dominant market value share of 0% in 2023.

“High-performance lubricants are now being produced because of the advancement of lubricant manufacturing technologies. During the forecast period, the industrial lubricants market will have plenty of space due to nimble growth opportunities for high-performance lubricants to prosper.” – says a lead analyst at FMI

Who is Winning?

The Industrial Lubricants market is expected to be dominated by a few key players, leading to a fragmented market landscape. In the industry, top industrial lubricant manufacturers such as Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Castrol Oil, Bharat Petroleum Corporation Limited, and Shell Plc. hold significant market shares. These manufacturers are profiled in detail in the comprehensive version of the report.

To strengthen their market position and expand their product portfolios, industrial lubricant manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.

Industrial Lubricants manufacturers also are expanding their geographic presence to tap into new markets and leverage the growth opportunities offered by emerging economies. This includes launching new products, strengthening distribution networks, opening regional offices, and forming partnerships with local players.

Recent developments:

• In December 2022, FuelBuddy partnered with Indian Oil Corporation Ltd. for the marketing of industrial and automotive lubricant, SERVO, PAN India.

Unlock Comprehensive Insights by Reading the Full Report Now!

India Industrial Lubricants Market Segmentation

By Product Type:

• Hydraulic Fluids
• Metalworking Fluids
• Gear Oil
• Compressor Oil
• Grease
• Turbine Oil
• Transformer Oil
• Refrigeration Oil
• Textile Machinery Lubricants
• Others

By Base Oil:

• Mineral Oil
• Synthetic Oil
• Bio-Based Oil

By End Use:

• Construction
• Metal and Mining
• Cement Production
• Power Generation
• Automotive
• Chemical Production
• Oil and Gas
• Textile Manufacturing
• Food Processing
• Agriculture
• Pulp and Paper
• Marine Applications
• Others

By Region:

• North India
• South India
• East India
• West India

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 chelating agents market is poised for significant growth from 2023 to 2033, projected to expand at a compound annual growth rate (CAGR) of 5.7%. This growth trajectory indicates a robust demand for chelating agents across various industries, including agriculture, pharmaceuticals, and water treatment. By the end of 2033, the market is expected to surpass a valuation of USD 12,758.3 million, driven by the increasing utilization of chelating agents for their ability to bind metal ions, enhance product efficacy, and contribute to sustainable practices. As industries seek to optimize their processes and address environmental concerns, the demand for effective chelating solutions is anticipated to rise, shaping a dynamic market landscape.

Increasing need for clean & safe water, stringent environmental regulations, and expanding industrial sector are driving demand for chelating agents in water treatment activities. These agents provide effective solutions for removing heavy metals, preventing scale formation, and ensuring compliance with water quality standards.

Chelating agents are effective in removing heavy metals from water. With increasing industrialization and urbanization, water sources are becoming contaminated with heavy metals such as lead, mercury, cadmium, and arsenic.

Heavy metals pose significant health risks to humans and the environment. Chelating agents hence form stable complexes with these metals, allowing them to be easily removed from water during the treatment process.

Chelating agents are used to prevent the formation of scale and deposits in water treatment systems. As water is treated and circulated through pipes, boilers, and cooling towers, minerals and salts can precipitate and form scale, reducing the efficiency of these systems.

Chelating agents bind to these minerals and prevent them from forming scale, thereby improving the performance and lifespan of water treatment equipment. There has recently been rapidly rising global awareness about the importance of clean water and its impact on human health, there is an increased demand for effective water treatment solutions.

Chelating agents are recognized as valuable tools in ensuring water quality by removing impurities, heavy metals, and other harmful substances.

The industrial sector, including manufacturing, mining, and energy production, requires significant amounts of water for various processes. However, these activities often generate wastewater containing pollutants and metals. To reduce generation of pollutants, demand for chelating agents is anticipated to expand by 2033.

Key Takeaways from the Chelating Agent Market Study

• The global chelating agent industry witnessed a CAGR of 0% over the historical period of 2018 to 2022.
• The United States market is expected to represent a total incremental opportunity of US$ 1,201.3 million between 2023 and 2033.
• China chelating agent industry is expected to expand at a CAGR of 8% during the forecast period.
• By application, the pulp and paper segment is projected to hold the lion’s share through 2033.
• Top countries driving the chelating agent market are China, Germany, and the United States.

“Launch of novel agents that outperform their conventional counterparts in terms of efficacy, environmental friendliness, and cost-effectiveness is a key goal for renowned companies. These developments are expected to create new opportunities and promote growth.” – says a lead Future Market Insights (FMI) analyst

Competitive Landscape

The chelating agent industry is expected to be dominated by a few key players, leading to a fragmented landscape. In the industry, top manufacturers such as BASF SE, Solvay, Mitsubishi Chemical Corporation, Nouryon, and Dow Chemical Company, Kemira, Hexion, Akzo Nobel, and Innospec Inc. hold significant market shares.

In order to strengthen their market position and expand their product portfolios, chelating agent manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities would allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.

Chelating agent manufacturers are expanding their geographic presence to tap into new markets and leverage growth opportunities offered by emerging economies. This includes establishing distribution networks, opening regional offices, and forming partnerships with local players.

For instance,

• An innovative business that specializes in environmentally friendly chelating agents is called EcoChelate Corporation. The company offers cutting-edge products with an emphasis on ecology and environmentally friendly chemistry that are made to have a minimal impact on the environment while still providing high chelation performance.

Chelating Agent Market Outlook by Category

By Product Type:

• Bio-degradable
  • L-glutamic acid, N, N-diacetic Acid (GLDA)
  • Sodium Gluconate
  • Ethylenediaminedisuccinic Acid (EDDS)
  • Iminodisuccinic Acid (IDS)
  • Methylglycinediacetic Acid (MGDA)
  • Nitrilotriacetic acid (NTA)
  • Others
• Non-Bio-degradable
  • Aminopolycarboxylates
  • Ethyldiamine Tetra-acetic Acid (EDTA)
  • Diethylenetriaminepentaacetic Acid (DTPA)
  • Phosphates and Phosphonates
  • Others

By Application:

• Water Treatment
• Agriculture
• Paper & Pulp
• Pharmaceuticals
• Food & Beverage
• Chemical Processing
• Household & Industrial Cleaning
• Oil & Gas
• Others

By Region:

• North America
• Latin America
• Western Global
• Eastern Global
• Central Asia
• Russia and Belarus
• Balkan and Baltic Countries
• East Asia
• South Asia and Pacific
• 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 ultrapure water market is poised for significant growth, projected to achieve a robust compound annual growth rate (CAGR) of 11.1% from 2023 to 2033. This growth trajectory is driven by the increasing demand for high-purity water across various industries, including pharmaceuticals, electronics, and power generation, where even minute impurities can compromise product quality and operational efficiency. By the end of 2033, the market is expected to reach a substantial size of approximately USD 25.2 billion, reflecting the rising investments in ultrapure water production technologies and the growing awareness of its critical role in ensuring compliance with stringent regulatory standards. As industries continue to prioritize purity and reliability, the ultrapure water market is set to expand significantly, catering to the needs of high-tech applications and advanced manufacturing processes.

Use of ultrapure water in the electronics sector would help in preventing the accumulation of impurities that could damage sensitive components. Semiconductor sector is one of the prominent end-use industries holding a significant share of around 55% of the global market in 2023.

Growing need for ultrapure water in the production of electronic components has increased with robust expansion of the electronics sector.

Significant increase in the consumption of ultrapure water from several end-use industries such as power generation and pharmaceuticals among others is another key factor driving growth.

Ultrapure water is used in power generation facilities for the production of steam, which is used to generate electricity. With rising demand for electricity worldwide, demand for ultrapure water in power generation is also increasing.

The ultrapure water industry is experiencing rapid technological advancements in water treatment, filtration, and purification techniques. Innovations such as reverse osmosis, nanofiltration, and ultraviolet (UV) disinfection systems have made it easier to achieve high levels of purity in water. These technologies are becoming more efficient and cost-effective, which is driving growth in the ultrapure water industry.

Key Takeaways from Ultrapure Water Market Study:

• The global market for ultrapure water is projected to witness a CAGR of 1% during evaluation period between 2023 and 2033.
• By delivery method, the on-site generation segment is expected to account for about 4% of the total share in 2023.
• Merck Group, General Electric, Veolia Water Technologies, Thermo Fisher Scientific, and Pall Corporation currently hold a share of 35% to 40%.
• By end-use industry, the semiconductor segment is estimated to consume around 7 billion gallon of ultrapure water in 2023.
• The global ultrapure water industry exhibited a CAGR of 6% in the historical period.

“The global market is expected to surge due to a shift toward sustainability and significant technological advancements in the water treatment process. It would also be propelled by continued development of several sectors, particularly in emerging nations.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

The market for ultrapure water is estimated to be a consolidated industry, where key players are expected to account for a significant share. They are focusing on expansion of domestic production and technology areas of ultrapure water to provide cost-efficient solutions to consumers.

Manufacturers are also focusing on rapidly growing sectors such as pharmaceutical, electronics, semiconductors. They are aiming for rapid development and long-term presence in the market.

Several market participants are investing in the development of new products and innovation on the existing ones to develop high-end products to satisfy customers’ needs. These companies are also focusing on delivering innovative solutions while maintaining sustainable development to maintain their dominance across the globe.

Merck Millipore, Pall Corporation, Suez Water Technologies & Solutions, Veolia Water Technologies, ELGA LabWater, Aqua Solutions, Evoqua Water Technologies, Media Analytics Ltd., Agilent Technologies, Biobase Biodustry, Bio-Rad Laboratories, Bruker Daltonics, Calgon Carbon Corporation, Hach Company, Nanostone Water, and Purolite Corporation are few of the manufacturers of ultrapure water profiled in the full version of the report.

For instance,

• Envirogen Group unveiled LabPure, a centralized, energy-efficient water purifying system, in January 2023. It is primarily produced for use in laboratories, where type 1 ultrapure water is required. It can combine continuous ultrapure water operation with an ownership cost based on tried-and-true RO-EDI technology.

Access the Full Report for In-Depth Insights Now!

Get More Valuable Insights into the Ultrapure Water Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global ultrapure water market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on delivery method (bulk delivery, packaged containers, and on-site generation), technology (reverse osmosis (RO), ion exchange (deionization), distillation, filtration, electrodialysis, and UV or ozone treatment), end-use industry (semiconductor, pharmaceuticals, biotechnology, laboratories, power generation, and food & beverage industry), and regions.

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 nylon-6 and nylon-66 market is projected to experience steady growth, with an anticipated compound annual growth rate (CAGR) of 4.6% throughout the forecast period. As demand for these versatile synthetic fibers continues to rise, driven by their extensive applications in automotive, textiles, and consumer goods, the market is expected to reach a substantial valuation of approximately USD 37,868.1 million by the end of 2033. This growth reflects the increasing reliance on nylon for its durability, elasticity, and resistance to wear and tear, positioning it as a crucial material across various industries.

Asia Pacific is expected to remain one of the prominent regions in the nylon-6 and nylon-66 market. This is owing to the presence of several manufacturers with high production capacities.

Surging consumption of these chemicals by countries such as India, China, and the Association of Southeast Asian Nations (ASEAN) would also spur demand. Similarly, North America is estimated to show consistent demand for nylon-6 and nylon-66 from automotive, aerospace, and electronics industries.

Prominent manufacturers of nylon-6 and nylon-66 are strategically expanding their regional footprints through acquisitions of local players and new product launches. Few of the players are investing in backward integration to produce raw materials on their own. The market is moving toward consolidation with top manufacturers capturing significant shares.

Nylon-6 is likely to be used in the manufacturing of multiple parts for automobiles. The substance is also planned for incorporation into mechanical parts, electrical connectors, textile fibers, and packaging materials.

Nylon-66 is a popular option in industries that require great mechanical performance owing to its legendary strength, stiffness, and impressive heat resistance. For the fabrication of durable parts, this high-performance nylon version finds widespread use in the automotive sector. It is also employed in the production of gears, bearings, and structural elements for use in a variety of industries, as well as connectors and components for the electrical sector.

Key Takeaways from the Nylon-6 and Nylon-66 Market Study:

• The global market for nylon-6 and nylon-66 is projected to witness a CAGR of the magnitude of 6% during the forecast period from 2023 to 2033.
• By product type, the nylon-6 segment is expected to remain dominant, accounting for 80% of the global market share.
• By application, the fiber segment is likely to account for four-fifth of the global nylon-6 and nylon-66 consumption.
• The United States nylon-6 and nylon-66 market is predicted to surge at a CAGR of 5% during the forecast period.
• China nylon-6 and nylon-66 market is projected to witness a CAGR of 4% in the evaluation period.

“The market is expected to be primarily driven by rising nylon demand for applications in both fiber and resin. Expanding demand for nylon materials in the textile sector and changing fashion trends that prefer clothes made of nylon-fiber would push demand. Due to their light weight and excellent strength, nylon-resins are projected to see a rising demand as the automobile sector rapidly expands.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

The nylon-6 and nylon-66 market is believed to be moderately consolidated, where key players hold only 35 to 40% of the total share. Leading players in the industry such as BASF SE, Celanese Corp., SABIC, INVISTA, LyondellBasell Industries N.V., TORAY INDUSTRIES, INC., and others are profiled in the comprehensive version of the report.

Key players are mainly focusing on expanding their production capacity to increase their market presence all over the globe. They are also aiming to gain maximum traction in the market. A few other top players are investing significantly in acquisitions to curb their competition.

For instance,

• Celanese Corporation was successful in acquiring a crucial chunk of DuPont’s Mobility and Materials division in November 2022. Through this transaction, Celanese will have access to a wide variety of engineered thermoplastics, elastomers, and well-known brands. Additionally, it would provide excellent organization, global production assets, and valuable intellectual property.

Uncover Extensive Insights with the Full Report!

Nylon-6 and Nylon-66 Market Outlook by Category

By Product Type:

• Nylon 6 (PA6)
  • Fiber Grade
  • Resin Grade
• Nylon 66 (PA66)
  • Fiber Grade
  • Resin Grade

By Application:

• Engineering Plastics
  • Automotive
  • Industrial/Machinery
  • Electrical and Electronics
  • Consumer Goods and Appliances
  • Packaging/Films
  • Wires and Cables
  • Others
• Fiber
  • Textiles
  • Industrial
  • Carpet
  • Staples
  • Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Russia and Belarus
• Balkan and Baltic Countries
• Central Asia
• East Asia
• South Asia and the Pacific
• 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.

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The global Electronics Adhesives Market is anticipated to reach a valuation of USD 5.1 billion in 2023, driven by rising smart home technological advancements. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 9.0% between 2023 and 2033, and reaching a total valuation of approximately USD 12.1 billion by 2033.

One of the primary factors driving the growth of the electronics adhesives market is the rapid advancement and innovation in electronic devices. The demand for smaller, lighter, and more compact electronic products has increased significantly, leading to the need for adhesive materials that can provide strong and reliable bonding in miniature applications. Electronics adhesives, with the trend of miniaturization, play a crucial role in ensuring the secure attachment of components, enabling the seamless integration of complex electronic systems.

Another significant factor contributing to market growth is the increasing complexity of electronic device designs. The need for adhesives that can bond diverse materials and substrates has intensified, as electronic devices become more sophisticated and multifunctional. Adhesive solutions with compatibility across various surfaces, such as metals, plastics, ceramics, and glass, are in high demand. Manufacturers require adhesives that offer excellent adhesion strength, thermal stability, and resistance to environmental factors like moisture, temperature variations, and chemicals.

The rise of emerging technologies is also anticipated to escalate the growth of the electronics adhesives market. Technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR) are creating new opportunities in the electronics industry. The technologies demand reliable and durable adhesive solutions for applications ranging from high-speed communication systems to advanced sensor devices. Electronics adhesives play a vital role in ensuring the performance, durability, and reliability of these advanced electronic systems.

The increasing focus on sustainability and environmental regulations is influencing the electronics adhesives market. Manufacturers are seeking adhesive solutions that are environmentally friendly, low in volatile organic compounds (VOCs), and comply with stringent regulations. The development of eco-friendly adhesives that offer comparable performance to traditional counterparts is becoming a key focus area, driving the demand for sustainable adhesive solutions.

The semiconductor industry is experiencing rapid growth and technological advancements. The transition towards advanced packaging technologies such as system-in-package (SiP), fan-out wafer-level packaging (FOWLP), and 3D packaging requires innovative adhesive solutions to ensure reliable connections and thermal management. Electronics adhesives play a critical role in bonding and protecting semiconductor devices, driving the demand for specialized adhesive formulations.

Key Takeaways from the Market Study

• Global electronics adhesives market was valued at US$ 4.7 billion by 2022-end.

• From 2018 to 2022, the market demand expanded at a CAGR of 6.5%.
• China is expected to hold a dominant CAGR of 8.5% during the forecast period.

• By Material Type, the Polyurethane segment is expected to constitute a CAGR of 8.5% in 2033.
• On the basis of End-Use, the automotive sector segment is expected to dominate the market with a CAGR of 8.6% in 2033.
• From 2023 to 2033, electronics adhesives market is expected to flourish at a CAGR of 9.0%.
• By 2033, the market value of electronics adhesives is expected to reach US$ 12.1 billion.

Technological advancements in adhesive formulations, across the globe is a major factor that is expected to propel the growth of the electronics adhesives market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Electronics Adhesives market are 3M, Dymax Corporation, DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co, LTD., TERAOKA SEISAKUSHO CO., LTD., TOMOEGAWA, and YAMATO Co., Ltd., among others.

Recent Developments

• In 2021, B. Fuller announced the development of a new generation of UV-curable adhesives for electronics assembly. These adhesives offer rapid curing, high bond strength, and enhanced environmental resistance, enabling efficient production processes and improved product performance.
• In 2021, Henkel launched a new series of electrically conductive adhesives (ECAs) for automotive electronics applications. These adhesives provide reliable electrical conductivity, excellent adhesion to various substrates, and resistance to harsh automotive environments.
• In 2020, 3M launched a new series of thermally conductive adhesives designed for bonding and dissipating heat in electronic devices. These adhesives provide efficient thermal management, enabling improved performance and reliability of electronic components.

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More Valuable Insights Available

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

To understand opportunities in the electronics adhesives market, the market is segmented on the basis of material type (polyurethane, acrylics, silicones, and epoxy), by end-use (thermal management, conformal coatings, encapsulation, surface mounting, wire tacking, soldering, underfills, sealing, and constructional), by application (mobiles and telecommunication devices, desktops and networks, televisions, home appliances, automotive electronics, aerospace electronics, analytical & measurement instruments, and other industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. 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

 

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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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.

Top Key Players in the Global Market

• 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

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 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