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The global poly(butylene succinate) market value is expected to increase from US$ 115,306.8 thousand in 2023 to US$ 361,225.6 thousand by 2033. Global poly(butylene succinate) sales are anticipated to thrive at 12.1% CAGR during the assessment period.

Several factors are anticipated to drive global poly(butylene succinate) market growth. These include a rising preference for eco-friendly materials and growing demand for poly(butylene succinate) from packaging, agriculture, medical, and textile industries.

Understanding the Poly(butylene Succinate) Market

Poly(butylene succinate) is a biodegradable thermoplastic polyester produced from renewable resources, making it a prime candidate for environmentally friendly alternatives to conventional plastics. Its versatility allows it to be used in a wide range of applications, including packaging, agriculture, automotive components, and consumer goods. As regulations tighten on single-use plastics, the demand for biodegradable materials like PBS is increasing, driving market growth.

Market Growth Drivers

1. Sustainability and Environmental Concerns: The increasing awareness of environmental issues and the need for sustainable materials are significantly contributing to the growth of the PBS market. Governments and organizations are promoting the use of biodegradable plastics to reduce plastic pollution.
2. Innovative Applications: PBS is being adopted in various industries due to its excellent mechanical properties and biodegradability. Its use in packaging, particularly in the food industry, is gaining traction, as it meets the growing consumer demand for eco-friendly packaging solutions.
3. Technological Advancements: Ongoing research and development efforts to enhance the properties of PBS, including its durability and processing capabilities, are further driving market expansion. Innovations in production techniques are also lowering costs and improving scalability.
4. Supportive Regulations: Governments worldwide are implementing policies to encourage the use of biodegradable materials. Initiatives aimed at reducing plastic waste are creating a favorable regulatory environment for the PBS market.

Trends and Opportunities

• Growing Bioplastics Market: The overall bioplastics market is expected to grow significantly, providing ample opportunities for PBS manufacturers. As more companies commit to sustainability goals, PBS is likely to see increased adoption across various sectors.
• Consumer Preference for Eco-Friendly Products: As consumers become more environmentally conscious, products made from PBS are expected to gain popularity. This trend presents significant opportunities for brands that prioritize sustainability in their product offerings.
• Collaboration and Partnerships: Companies in the PBS space are increasingly engaging in collaborations to enhance research, development, and production capabilities. Partnerships with academic institutions and research organizations are becoming common as businesses seek to innovate and improve PBS applications.
• Emerging Markets: Growth in emerging economies presents untapped opportunities for the PBS market. As industrialization and urbanization increase, the demand for sustainable materials is likely to rise, providing a fertile ground for PBS growth.

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Who is Winning?

The poly(butylene succinate) market is estimated to be slightly consolidated, where top market participants hold about 60% to 65% of the market share. Leading manufacturers of poly(butylene succinate) listed in the report include Mitsubishi Chemical Corporation, Hengli Group Co., Ltd., Anhui Sealong Biotechnology Co., Ltd. and others.

The market has experienced increased activity in product development, with key manufacturers prioritizing product launch initiatives. These key players are committing substantial investments to enhance domestic production capabilities. Additionally, there have been notable advancements in the manufacturing processes of poly(butylene Succinate), resulting in enhanced production efficiencies and cost reductions.

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Demand for cinnamic aldehydes worldwide is projected to be worth USD 5.3 billion in 2022 and to increase at a CAGR of 5.2 % to USD 8.8 billion from 2022 to 2032. Due to its enormous potential, rising investments in the FMCG sector are expected to stimulate industry demand.

Cinnamic aldehyde, a natural organic compound, is a key aromatic component found in cinnamon essential oil. Widely utilized in various industries, cinnamic aldehyde imparts a warm, sweet, and spicy aroma, making it a popular choice in the fragrance, flavor, and pharmaceutical sectors. The global cinnamic aldehyde market has witnessed significant growth in recent years, driven by increasing demand for natural ingredients, rising consumer awareness, and expanding applications across diverse industries.

Market Overview:

The growth of the cinnamic aldehyde market is driven by several prominent factors:

1. Increasing Demand in Food and Beverage Industry: Cinnamic aldehyde is widely used as a flavoring agent in food and beverages, especially in products like cinnamon-flavored snacks, baked goods, and beverages. The rising consumer preference for natural and organic flavors is propelling market growth.
2. Rising Use in Fragrance Industry: This compound is a key ingredient in many perfumes and fragrances due to its pleasant scent. As the demand for personal care products and home fragrances continues to grow, so does the need for cinnamic aldehyde.
3. Pharmaceutical Applications: Cinnamic aldehyde exhibits various biological properties, including antimicrobial and anti-inflammatory effects, making it useful in the pharmaceutical industry. Its potential applications in developing natural remedies and supplements are also contributing to its market growth.
4. Growing Awareness of Natural Ingredients: The trend towards using natural and plant-based ingredients in various products, including cosmetics and personal care, is boosting the demand for cinnamic aldehyde, which is naturally derived from cinnamon oil.
5. Expanding Cosmetic Industry: The increasing use of cinnamic aldehyde in cosmetics for its fragrance and preservative properties supports its market growth, driven by rising consumer spending on personal grooming products.
6. Agricultural Applications: Cinnamic aldehyde has been explored for its potential use as a biopesticide and plant growth regulator, which may further enhance its demand in agriculture.
7. Research and Development Activities: Ongoing research into the various applications of cinnamic aldehyde, including its antioxidant properties and potential health benefits, is likely to drive innovation and growth in the market.
8. Regulatory Support for Natural Ingredients: Regulatory bodies increasingly support the use of natural ingredients in various applications, favoring the adoption of cinnamic aldehyde in food, cosmetics, and pharmaceuticals.

Cinnamic Aldehyde Market Top Key Players

• IS Chemical Technology
• Labseeker
• ABI Chem
• Ark Pharma Inc
• ApexBio Technology
• Timtec
• A&J Pharmtech Co. Ltd.
• Day Biochem
• ChemExper Chemical Directory
• Sigma-Aldrich
• Syntree
• Bide Pharmatech

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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Ferroaluminum, an alloy of iron and aluminum, plays a crucial role in various industrial processes. From strengthening steel to creating high-temperature resistant components, its applications are diverse.

The increasing global demand for automobiles is poised to significantly propel the ferro aluminium market forward. As the automotive industry continues to expand, particularly in emerging economies, the need for lightweight, high-strength materials becomes ever more critical.

Prominent Drivers Propelling Ferro Aluminum Forward

Several factors are propelling the ferro aluminum market forward:

• Soaring Steel Production: The burgeoning steel industry is a significant driver. Ferroaluminum acts as a deoxidizing agent in steel production, ensuring a cleaner and stronger final product. As steel production continues to rise globally, the demand for Ferro Aluminum is expected to follow suit.
• Expanding Applications: Beyond steel, Ferro Aluminum finds applications in hardfacing (applying a wear-resistant layer to a metal surface), welding consumables, and even thermite reactions (used for welding or cutting). This diversification in usage broadens the market’s reach.
• Lightweight Solutions: The increasing demand for lightweight materials in various sectors, like automotive and aerospace, is driving the development of aluminum alloys with specific properties. Here, Ferro Aluminum plays a role in enhancing properties like strength and high-temperature resistance.

Challenges Marring the Market Growth

Despite its promising outlook, the ferro aluminum market faces certain challenges:

• Fluctuating Raw Material Prices: The prices of iron and aluminum, the core components of Ferro Aluminum, are susceptible to market fluctuations. This volatility can impact production costs and overall market stability.
• Stringent Environmental Regulations: The production of Ferro Aluminum can be energy-intensive, and stricter environmental regulations might lead to increased production costs or limitations on production capacity.
• Competition from Substitute Materials: The development of alternative materials with similar properties to Ferro Aluminum could pose a threat in specific applications. Manufacturers need to focus on innovation and cost-effectiveness to stay competitive.

Top Key Players in the Ferro Aluminum Market

• AMG Advanced Metallurgical Group
• Tremond Metals Corp.
• Core Metals Group
• Gulf Chemical and Metallurgical Corporation
• Bear Metallurgical Company
• Hickman, Williams & Companies

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 acrylic styrene acrylonitrile resin industry is anticipated to experience sustained growth with a 5% compound annual growth rate (CAGR), culminating in a revenue share reaching USD 1,432.74 million. This projection underscores the resilience and potential of the industry, driven by factors such as increasing demand in various end-use sectors, technological advancements, and expanding applications, positioning it for a flourishing trajectory in the foreseeable future.

The global acrylic styrene acrylonitrile resin market has witnessed robust growth in recent years, propelled by the burgeoning demand for lightweight, durable materials across multiple sectors. With advancements in manufacturing technologies and increasing emphasis on sustainable solutions, the market for acrylic styrene acrylonitrile resin is poised for further expansion. Key players in the industry are investing in research and development activities to enhance product performance and cater to evolving customer requirements.

Key Drivers and Trends:

• Automotive Sector Growth: The automotive industry constitutes a significant portion of the ASA resin market. The demand for lightweight materials to improve fuel efficiency and reduce emissions has led to increased adoption of ASA resin in exterior automotive components such as body panels, trim parts, and mirror housings. Additionally, ASA’s UV resistance makes it ideal for exterior applications, further driving its uptake in the automotive sector.
• Construction Boom: The construction industry represents another lucrative avenue for ASA resin manufacturers. ASA’s exceptional weatherability and color retention properties make it a preferred choice for outdoor construction applications, including roofing, siding, and window profiles. With rapid urbanization and infrastructure development projects worldwide, the demand for ASA resin in the construction sector is expected to escalate.
• Rising Focus on Aesthetics: In consumer goods and electronics, there is a growing emphasis on aesthetics and design flexibility. ASA resin offers excellent surface finish, color stability, and the ability to replicate intricate designs, making it suitable for applications such as consumer electronics, appliances, and decorative items. As consumer preferences lean towards visually appealing products, the demand for ASA resin in this segment is anticipated to rise.
• Sustainable Solutions: Sustainability has become a key focus area for industries across the globe. ASA resin manufacturers are increasingly incorporating recycled content and exploring bio-based alternatives to address environmental concerns. This shift towards eco-friendly materials is likely to drive the adoption of ASA resin, particularly in markets where sustainability is a priority.

The Acrylic Styrene Acrylonitrile (ASA) resin industry faces several challenges that can impact its growth and profitability. Here are some key issues:

1. Raw Material Costs: Fluctuations in the prices of raw materials, such as styrene and acrylonitrile, can significantly affect production costs. Volatility in the petrochemical market often leads to increased expenses for manufacturers.
2. Environmental Regulations: Stricter environmental regulations regarding emissions and waste management can impose additional costs on manufacturers. Compliance with these regulations may require investments in cleaner technologies or processes.
3. Competition from Alternatives: ASA resins face competition from other materials, including polycarbonate, poly(methyl methacrylate) (PMMA), and engineering plastics. As these alternatives often offer similar properties, manufacturers must differentiate their products.
4. Market Demand Fluctuations: Demand for ASA resins can be influenced by various sectors, such as automotive, construction, and consumer goods. Economic downturns or shifts in consumer preferences can lead to decreased demand.
5. Technological Advancements: Rapid advancements in polymer technologies and processing techniques require companies to continually innovate and adapt. Those who fail to keep up may lose market share.

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Top Key Players in the Global Market

• LG Chem Ltd.
• SABIC
• INEOS Styrolution America LLC
• Networks Polymers Pvt Ltd
• Chi Mei Corporation
• FORMOSA Chemicals & Fibre Corporation
• BASF SE
• Long Yue (Dongguan) Engineering Plastics Industry Co., Ltd.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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The calcium sulphate market in Northern Europe is expected to grow at a steady 5.3% CAGR from 2022 to 2032, driven by its extensive applications across various industries. As a naturally occurring mineral that can also be synthesized through chemical processes, calcium sulphate is utilized in construction materials such as plaster and drywall, as well as in flooring, agriculture, and the pharmaceutical sector.

Calcium sulphate has a wide range of commercial and industrial applications due to its excellent physicochemical properties. Calcium sulphate can be used as a soil conditioner for agriculture, as a coating agent for the paper industry, to make paper very shiny, as a desiccant in chemical laboratories, as a coagulant for foods and beverages, and for coloring paints used as a pigment.

Gypsum, the dihydrate form of calcium sulphate, is the most commonly used form and important raw material in the construction industry. It is used to make Portland cement, highly specialized plasters (also known as gypsum plasters) for wall surfaces, wallboard, cement blocks, and mortars. Growing government infrastructure development initiatives in a number of countries are creating new opportunities for gypsum producers to profit from the construction industry.

Agrochemical demand is increasing to maximize production from available land. The agricultural industry relies heavily on calcium sulphate dihydrate, also known as gypsum. It is a calcium and sulphur source for plant nutrition. Calcium is required for plants to absorb the majority of their nutrients. It also helps to improve the soil structure. It aids in the improvement of flocculation or aggregation. It also increases the water infiltration & prevents waterlogging in soil. Growing demand from the agriculture industry is expected to drive the demand in the forecast period.

Growth Drivers:

1. Construction Industry Expansion:
   • Calcium sulphate is widely used in construction materials, such as plaster of Paris and drywall. Northern Europe’s growing infrastructure projects and real estate developments, especially in countries like the UK, Germany, and the Nordics, are driving demand for calcium sulphate.
2. Rising Demand for Flooring Solutions:
   • The gypsum-based flooring industry is growing, especially in the context of industrial and residential buildings. Calcium sulphate screeds are increasingly preferred for their fast-drying properties, offering efficiency in construction projects.
3. Sustainability Initiatives:
   • As industries push toward eco-friendly building materials, calcium sulphate, often derived from recycled waste (e.g., from flue gas desulfurization in power plants), is gaining traction. Northern Europe’s focus on sustainable construction aligns with the growing use of gypsum-based products.
4. Growth in Pharmaceutical and Medical Applications:
   • Calcium sulphate is used in orthopedics and dental applications due to its biocompatibility. With advances in medical research and an aging population, particularly in Northern Europe, there is rising demand for its use in bone grafting and other medical treatments.
5. Paper and Pulp Industry Demand:
   • As a filler in paper production, calcium sulphate helps improve the texture and opacity of paper. Northern Europe’s strong paper and pulp industry, particularly in Scandinavia, is contributing to consistent demand for this compound.

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Competitive Landscape          

Key market participants of the calcium sulphate market elaborated in the report include Saint-Gobain, Solvay SA, Honeywell International Inc., Penta Manufacturing Company, Celtic Chemicals Limited, Miber Mineral Roset, Glentham Life Sciences Limited, Fluorsid, AKO KASEI CO., LTD, JRS Pharma, Macco Organiques, s.r.o., Spectrum Chemical MFG Corp., GFS Chemicals Inc., and others.

Key players are focused on high-growth end-use industries such as construction and infrastructure where calcium sulphate is widely used. These benefits manufacturers in terms of revenue and product portfolio. Leading manufacturers in the market are focusing on high-growth end-use industries to increase annual sales. Great market opportunities are expected from the growth of certain end-use industries such as construction, paints, coatings, and the expansion of infrastructure projects.

Opportunities:

1. Growth in Renewable Energy and Industrial Applications:
   • The production of calcium sulphate from industrial processes, such as flue gas desulfurization (FGD) in power plants, aligns with Northern Europe’s emphasis on renewable energy and environmental sustainability. Calcium sulphate generated as a byproduct offers a cost-effective raw material for various industries.
2. Increasing Demand for Agricultural Applications:
   • Calcium sulphate is used as a soil conditioner (gypsum) to improve soil structure and enhance crop yields. The push for more efficient, sustainable farming practices, especially in regions with alkaline soils, presents opportunities for growth in the agricultural sector.
3. Innovations in Manufacturing and Recycling:
   • New technologies focused on recycling and reprocessing calcium sulphate, particularly from construction and industrial waste, offer potential for growth. This aligns with Northern Europe’s circular economy principles, promoting the reuse of materials and minimizing waste.

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
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In 2023, the global green ammonia market is projected to be valued at USD 82.4 million, with expectations of rapid growth driven by increasing demand across sectors such as agriculture and power generation. As sustainability efforts intensify, green ammonia, produced using renewable energy, is gaining prominence as a clean alternative to traditional ammonia. With a staggering compound annual growth rate (CAGR) of 68%, the market is poised for transformative expansion, forecasted to reach a valuation of USD 14,761.3 million by 2033. This surge underscores the growing importance of green ammonia in reducing carbon emissions and supporting global energy transitions.

Consumption of green ammonia is being dictated by the rising demand from the shipping industry. In addition, green hydrogen production initiatives are projected to boost the demand for green ammonia in regions like Europe, the Middle East, and Africa.

To contain carbon emissions, the governments of different economies have established several projects and goals. For instance, the EU aims to reduce carbon emissions by 55% by the end of 2030. Since the process of producing green ammonia is 100% carbon-free and renewable, robust moves to recede the carbon emissions are expected to fuel the demand for green ammonia.

The market is further fueled by rising investments in the establishment of green ammonia units. For example, in August 2021, Acme Solar Holdings Ltd revealed plans to construct a green ammonia facility valued at US$ 3.5 billion in Duqm to distribute green ammonia to Asia and Europe.

Significant prospects for the expansion of the green economy in Europe are materializing owing to a surging number of government initiatives, and fuel cell projects. This is projected to create opportunities for the green ammonia industry.

Top Highlights from the FMI’s Analysis:  

• The United States green ammonia industry is projected to attain a 29% market share in 2023. The country appears to have market dominance over other players globally.
• The German green ammonia industry is expected to gain a 6.5% value share in 2023.
• The Japan green ammonia industry is estimated to grab 3% of the overall market share in 2023.
• The Australian green ammonia industry is assessed to account for 1.4% of the market share in 2023.
• India is expected to expand at a significantly high CAGR of 72% over the forecast period.
• The China green ammonia industry is expected to assume a CAGR of 63.4% in the upcoming years.
• The United Kingdom market is anticipated to register a CAGR of 58.1% over the forecast period.
• Based on the production process, the alkaline water electrolysis segment is projected to attain a market share of 83% in 2023.
• Based on end-use, the fertilizer segment is projected to account for 48% in 2023.

Market News: Updates about Market Progress

• Siemens Energy united with Fortescue Future Industries, which is a green hydrogen manufacturing firm, and GeoPura, which offers emission-free electricity and renewable energy and electronic vehicle charging, in November 2022. This partnership aims to create an ammonia cracker prototype constructed to develop green hydrogen to efficiently deal with climate change and carbon emissions. This prototype is projected to use ammonia to provide 200 kg of hydrogen per day, enough to charge 5 to 10 hydrogen fuel e-buses.
• Uniper SE inked a MoU with EverWind Fuels in August 2022 to buy green ammonia from the first production unit of EverWind in Nova Scotia. Both companies intend to arrange a binding offtake agreement for 500,000 tons of green ammonia every year.
• Vesta and Uniper SE signed a MoU in September 2022 to extend the existing storage facility to construct an ammonia hub called Greenpoint Valley in Northwest Europe.

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Major Players in the Market are:

• CF Industries Holdings, Inc.
• BASF SE
• Yara International ASA
• Maire Tecnimont S.p.A.
• ACME Group
• Fertiglobe plc
• NEL Hydrogen
• ThyssenKrupp AG
• ITM Power
• Holder Topsoe
• Green Hydrogen Systems
• Greenfield Nitrogen LLC
• Siemens

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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