Categoria: market research

Polycarbonate Resin Market Growth Forecasted at $20.1 Billion by 2029: Insights into Electrical, Optical Media, and Automotive Sectors

The global  polycarbonate resin market  size is projected to reach USD 20.1 billion by 2029, at a CAGR of 5.5 % from USD 15.3 billion in 2024. Growing demand from the automotive industry, coupled with rapid urbanization and infrastructure development, will contribute to the rapid growth in the demand for polycarbonate resin.

Polycarbonate resin is a type of thermoplastic polymer known for its high impact resistance, transparency, and versatility. It is widely used in various applications, including electronics, automotive components, construction materials, medical devices, and consumer goods, due to its durability, lightweight nature, and excellent optical properties. Polycarbonate resin is also valued for its ability to withstand high temperatures and its flame-retardant characteristics, making it a preferred material in industries requiring robust performance and safety.

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Based on application type, the polycarbonate resin market has been segmented into electrical & electronics, optical media, consumer goods, automotive, films & sheets, construction, packaging, medical and others. In the electrical and electronics industry, polycarbonate’s exceptional electrical insulation properties and heat resistance make it ideal for manufacturing various components such as connectors, sockets, and switchgear housings. Additionally, its transparency and impact resistance make it valuable in optical media, where it is used to produce CDs, DVDs, and Blu-ray discs. In consumer goods, polycarbonate finds utility in the fabrication of durable yet lightweight products like water bottles, kitchen appliances, and luggage due to its high impact strength and aesthetic appeal.

The automotive sector benefits from polycarbonate’s ability to withstand high temperatures and impacts, making it suitable for producing headlamp lenses, interior trim components, and exterior body panels. Polycarbonate’s versatility extends to the construction industry, where it is utilized in the fabrication of roofing panels, windows, and skylights owing to its excellent weatherability and clarity. Furthermore, in packaging applications, polycarbonate’s toughness and resistance to chemicals and sterilization processes make it a preferred choice for food containers, medical device packaging, and beverage bottles. Finally, in the medical field, polycarbonate’s biocompatibility, transparency, and stability make it indispensable for manufacturing medical devices, such as IV connectors, surgical instruments, and blood oxygenators, ensuring both safety and reliability in critical healthcare settings.

Asia Pacific is the fastest-growing market for polycarbonate resin. This growth is mainly attributed to the Its robust industrial infrastructure, coupled with rapid urbanization and burgeoning manufacturing sectors, drives substantial demand for polycarbonate resin across diverse applications. Moreover, the region’s expanding middle class fuels consumer demand for durable goods, electronics, and automotive products, all of which rely heavily on polycarbonate. Additionally, Asia-Pacific economies often prioritize infrastructure development and construction projects, further boosting demand for polycarbonate resin in applications such as roofing, windows, and insulation. Furthermore, favorable government policies, coupled with the region’s status as a manufacturing hub, attract investments from multinational corporations, fostering a conductive business environment for polycarbonate resin producers. With its burgeoning population and rising disposable incomes, the Asia-Pacific market presents unparalleled growth opportunities for polycarbonate resin manufacturers, making it the focal point for industry expansion and investment.

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The key global players in the polycarbonate resin market include Covestro AG (Germany), SABIC (Saudi Arabia), Mitsubishi Engineering-Plastics Corporation (Japan), Lotte Chemical Corporation (South Korea), Teijin Limited (Japan), LG Chem (South Korea ), Formosa Chemicals and Fiber Corporation (Taiwan), Trinseo PLC (US), Chimei (Taiwan), and Idemitsu Kosan Co., Ltd. (Japan) and others.

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MarketsandMarkets™ has been recognized as one of  America’s best management consulting firms by Forbes , as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are replacing existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Peracetic Acid Market Set for Expansion: Key Insights by Application and Regional Trends to 2028

The global peracetic acid market size is projected to grow from USD 1.0 billion in 2023 to USD 1.4 billion in 2028, at a CAGR of 7.4%. Peracetic acid is a liquid mixture of hydrogen peroxide and acetic acid, plays a pivotal role in various industries, including healthcare, food & beverages, water treatment, pulp & paper and others. These versatile chemicals have gained significant importance due to their wide range of applications, from disinfectant to sterilant.

The future growth prospects for peracetic acid appear promising. The expansion of industries such as food & beverages, healthcare, pulp & paper is expected to further drive demand. peracetic acid is used as a sustainable biocide for aseptic packaging of food and beverages, in cosmetics and hair bleaching, for environmentally friendly water and wastewater treatment, for smart sustainable aquaculture solutions, for disinfection in agriculture, for chemical synthesis, for sterilisation in hospital hygiene, or for cleaning and disinfecting laundry and textiles.

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A flexible oxidising agent, peracetic acid dissolves readily in water and breaks down into non-toxic byproducts. In a variety of industries, including food and beverage processing of fruits, vegetables, and poultry, environmental remediation, industrial cleaning and sanitization, and oil and gas production, the various concentrations are used in chemical synthesis, bleaching, sanitization, disinfection, hygiene, and sterilisation.

In conclusion, peracetic acid are poised for a promising future, and companies in this sector should focus on regulatory compliance, and strategic expansion to capitalize on the significant growth prospects ahead. Adapting to changing market dynamics and harnessing the full potential of peracetic acid in a sustainable and responsible manner will be crucial for remaining competitive in this evolving landscape

The Europe region stands out as the largest market for peracetic acid, and several key factors underpin this prominence within the chemical industry. Firstly, the rapid industrialization and urbanization witnessed across several European countries, notably Germany and UK, have fueled extensive infrastructure development. The main functions of peracetic acid in food processing and handling are as a disinfectant and a sanitizer for surfaces that come into touch with food.

5-15% Grade, hold the major share in the peracetic acid market. Solutions containing peracetic acid (PAA) in concentrations ranging from 5% to 15% provide a variety of applications including sanitation and disinfection. The particular concentration within this range is selected according to the application’s needs and the required amount of antibacterial activity. For sanitization and disinfection, 5%–15% grade PAA is typically utilised in a variety of sectors, including healthcare, food processing, water treatment, and agriculture.

Disinfectant is one of the prominent application in peracetic acid.  Disinfectant eliminates harmful microbes, thus prevent the spreading of hazardous organisms in the finished goods. It is applied to non-living objects to resist the growth of microorganisms thriving on the object. It generally does not kill the microorganisms. peracetic acid inhibits the growth of microorganisms, it is frequently used as a disinfectant. Stronger disinfectants quickly neutralise germs since they destroy them throughout the disinfection process significantly more quickly.

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There are various small, medium, and large players operating in the market. Some of the major players in the peracetic acid market include Solvay (Belgium), Evonik Industries AG (Germany), Ecolab Inc. (US), Mitsubishi Gas Chemical Company (Japan), Enviro Tech Chemical Services (US), Jubilant Life Sciences (India), National Peroxide Ltd. (India), Kemira Oyj (Finland), Seeler Industries Inc. (US), and Airedale Chemicals (UK) among others, have framed their strategies to penetrate and create bases in these emerging markets. These products are manufactured in accordance with the limits imposed by organizations and governments. All of these factors are projected to help to the long-term development of peracetic acid market players over the following five years.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Innovations in Lightweight Materials Propel Automotive Carbon Thermoplastic Market to $983 Million by 2028

The automotive carbon thermoplastic market is projected to grow USD 522 million in 2023 and is projected to reach USD 983 million by 2028, at a CAGR of 13.5% from 2023 to 2028. During the forecasted years, reduced maintenance costs of CFRTP and the long lifecycle, growing economies of emerging countries, and rapid urbanization are expected to drive the automotive carbon thermoplastic market. Some of the market opportunities include emissions regulations that are forcing OEM’s attention towards carbon fiber composites and growth in the high-volume production of structural automotive components.

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Based on resin type, the automotive carbon thermoplastic market is segmented on the basis of PA, PPS, PEEK, PP, PC, and others. In terms of value, PEEK resin segment accounted for the largest market share. This high market share can be attributed to its properties such as operational stability and high impact resistance at high pressure and temperature. Allow a customization of the composite material to any required characteristics and ensure short processing times. CFRTP composites enable automobile manufacturers to produce affordable structural components to substitute conventional metal solutions.

Based on application, the market for automotive carbon thermoplastic market has been segmented into exterior, interior, chassis and powertrain & UTH. The exterior application of automotive carbon thermoplastic accounted for the largest market share in terms of both, value and volume Use of CFRP composites is considered as one of the most effective ways of reducing vehicle weight and improving fuel economy and emissions levels, but the relative expense of the material means that it is still reserved for only a handful of high-end cars production.

Based on Region, Asia Pacific is expected to witness the highest CAGR, in terms of both volume and value, during 2023 to 2028. The high growth can be attributed to urbanization and rapid modernization in various countries. The growth of the CFRTP composites market for the automotive industry in Asia-Pacific is driven by increased pressure on OEMs for lightweight and fuel-efficient vehicles. The market in Asia-Pacific, similar to markets in other regions, is driven by capacity expansions, joint ventures, and partnerships of various leading market players in the product supply chain to meet the growing needs of CFRTP composites from the rapidly developing automotive industry.

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Major players operating in the automotive carbon thermoplastic market include BASF SE (Germany), Solvay (Belgium), Avient Corporation (US), Celanese Corporation (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), SGL Carbon (Germany), Asahi Kasei Corporation (Japan), CompLam Material Co., Ltd. (Taiwan), Ensinger (Germany), and Jiangsu QIYI Technology Co., Ltd. (China). Many companies have reliable manufacturing facilities as well as wide and strong distribution networks across the globe, such as Europe, North America, and Asia Pacific. The manufacturers have well-established portfolio of wide range of products and services, a robust global market presence, and strong business and growth strategies.

Thermoplastic Polyolefin Industry by Application: Automotive, Construction, and Medical Sectors Leading Growth to 2028

The Thermoplastic polyolefin Industry is projected to reach USD 7.3 Billion by 2028, at a CAGR of 6.0% from USD  5.4 Billion in 2023. The increasing demand from the end use industries such as automotive, construction, electronics appliances, and others contribute to the rapid growth in the demand for the Thermoplastic polyolefin market.

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Based on type, Thermoplastic polyolefin market has been segmented into In situ TPO, Compounded TPO and Polyolefin elastomers (POEs). The POEs segment is the largest market share in value during the forecast period as it offers wide and different applications in various industries. POEs are used in various automotive components due to their durability, weather resistance, and ability to withstand temperature extremes. Examples include gaskets, seals, weather stripping, and vibration dampeners.

Based on application,  In terms of value, the global Thermoplastic polyolefin market is divided into automotive, building & construction, medical, wire and cables, and others. The automotive industry is the largest segment of the thermoplastic polyolefin (TPO) market primarily due to the critical need for lightweighting in modern vehicles. TPOs offer an excellent balance of properties, including high strength, low density, and good impact resistance, making them ideal for automotive applications.

The Asia-Pacific region stands as the largest market for thermoplastic polyolefins (TPOs) owing to a confluence of factors. Firstly, the rapid expansion of the automotive industry in countries like China and India has fueled substantial demand for TPOs in the manufacturing of lightweight, cost-effective automotive components. Secondly, the region is experiencing a construction boom driven by urbanization and economic growth, with TPOs being favored for applications such as roofing membranes and waterproofing materials. Additionally, TPOs find widespread use in consumer goods, packaging, and industrial applications across Asia-Pacific, further solidifying the region’s dominance in the TPO market.

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The key players in the Thermoplastic polyolefin market are DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US).

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Green Preservatives Market

Syntactic Foam Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Global Cyclopentane Industry Forecast to 2028: Trends in Blowing Agents, Refrigerants, and Key Applications

The cyclopentane industry size was USD 366 million in 2023 and is projected to reach USD 476 million by 2028 at a CAGR of 5.4% between 2023 and 2028. Cyclopentane is a crucial blowing agent used in the production of polyurethane foam insulation, which finds extensive applications in the construction, refrigeration, and automotive industries. The growing emphasis on energy efficiency and sustainability in building construction and refrigeration systems is driving the demand for high-performance insulation materials, thereby boosting the demand for cyclopentane.

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Some of the key market players in the cyclopentane market include HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), Dymatic Chemicals, Inc. (China), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), SK Global Chemical Co., Ltd. (South Korea), Haldia Petrochemicals Limited (India), Junyuan Petroleum Group (China), Zeon Corporation (Japan), and many more. These players have adopted investment, consortium, and partnership as their growth strategies to meet the growing demand for cyclopentane.

HCS Group

Haltermann Carless, a subsidiary of the HCS Group and a prominent provider of premium hydrocarbon solutions, is poised to claim the title of the world’s largest producer of Cyclopentane and its blends with the imminent completion of its state-of-the-art hydrogenation facility at the Speyer site in Germany. The company has set to bolster its Cyclopentane production capacity by up to 70% starting from Q1 2022. As for the parent company, HCS Group GmbH is one of the frontrunners in producing hydrocarbon-based solvents and related products, including cyclopentane. Operating across diverse sectors, including Mobility, Life Science, Energy, and Industrial, HCS Group GmbH encompasses a comprehensive portfolio of offerings. Cyclopentane is among the essential products falling under the Industrial division. The company also delivers other products within this segment, such as printing ink distillates (PID), pilot base fluids, n-pentane, and iso-pentane. The company maintains a robust global presence under the umbrella of three distinctive brand names—Haltermann Carless, ETS Racing Fuels, and Electrical Oil Services (EOS). With manufacturing facilities spanning seven sites across Europe and North America, HCS Group GmbH ensures efficient production and distribution. Bolstering its global footprint, the company operates through 12 subsidiaries strategically located in Germany, the UK, France, the US, and Japan, facilitating a widespread distribution network spanning over 90 countries worldwide.

INEOS 

INEOS is one of the renowned global chemical enterprises operating across multiple sectors, including chemicals, polymers, oil, and gas. The company plays a pivotal role in various industries with a network spanning 29 countries and encompassing 36 businesses across 194 sites worldwide. Its chemical products serve as crucial raw materials utilized in multiple applications ranging from paints, plastics, and textiles to medicines, electronics, and transportation. Additionally, INEOS extends its reach into consumer brands and sports interests, exemplified by ventures like INEOS Grenadier, INEOS Hygienics, and Belstaff. Notably, INEOS holds a significant position in the cyclopentane market, supplying this compound as a blowing agent crucial in producing polyurethane insulating foam for refrigeration and freezer units.

Zeon Corporation 

Zeon Corporation is a prominent producer within the cyclopentane market based in Japan, specializing in these compound and related products such as cyclopentanone and cyclopentyl methyl ether. Operating across distinct business segments, including elastomer business, specialty chemicals business, and others, Zeon offers a diverse array of products. Notably, its specialty chemicals business segment provides cyclopentane products to meet various industry needs. The cyclopentane manufactured by Zeon serves multiple purposes, functioning as a solvent for reactions, extractions, and aerosols, as well as a cleaning solvent and blowing agent within various industrial applications.

Junyuan Petroleum Group 

Junyuan Petroleum Group has developed into a formidable player in the cyclopentane market, boasting a comprehensive portfolio through its subsidiary, Dongying Junyuan Petroleum Technology Development Co., Ltd. Over time, the group has expanded its offerings to include a wide range of products essential to the cyclopentane market, such as propane, butane, pentane, hexane, and solvent oils. With an impressive production capacity of 800 ktpa of overall chemicals and an annual output value reaching 5 billion RMB (approximately USD 69.50 billion), Junyuan Group has firmly established itself as a critical contributor to the cyclopentane industry. The company upholds rigorous standards, holding certifications for ISO9001, ISO14001, and OHS18001 management systems while securing sales access certificates from major Chinese oil companies. Its cyclopentane products find extensive utilization across various sectors, including petrochemicals, pharmaceuticals, home appliances, and construction materials, catering to domestic and international markets.

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Haldia Petrochemicals Limited 

Haldia Petrochemicals Limited operates as a naphtha-based petroleum company, enjoying strong support from notable stakeholders, including the Government of West Bengal, The Chatterjee Group, and the TATAs in collaboration with the Indian Oil Corporation, among others. With a total production capacity of 7,00,000 TPA of ethylene, the company stands as a significant global producer of cyclopentane, holding a licensing agreement with IFP in France. Cyclopentane, a vital component in polyurethane foam utilized for thermal insulation in various applications such as refrigerators, freezers, water heaters, insulated pipes, roofs, and construction panels, is one of the primary products manufactured by the company.

Future of TAED Market: In-Depth Analysis by Application, Grade, and Distribution Channel – Global Forecast to 2029

The Tetraacetylethylenediamine (TAED) Market size is projected to grow from USD 881 million in 2024 to USD 1,070 million by 2029, registering a CAGR of 4.0% during the forecast period. The demand for TAED is driven by factors such as the environmentally friendly properties of TAED and the energy-saving characteristics of TAED as it helps reduce the power consumption of washing machines.

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The aforementioned reasons are anticipated to contribute to the TAED market’s continued growth in the upcoming years. In order to keep up with the increasing demand, the major competitors in the market are concentrating on growth and acquisitions. In order to secure steady growth and fortify their positions in the market, they have implemented these techniques. They are able to effectively address the increasing demand for application and end-use sectors thanks to these techniques. Also, companies operating in this market, such as WeylChem International GmbH (Germany), Zhejiang Jinke Peroxide Co., Ltd. (China), The Lubrizol Corporation (US), STPP Group (China), Fengchen Group Co., Ltd. (China), Shanghai Deborn Co., Ltd. (China), Zehao Industry Co., Ltd.  (China), Otto Chemie Pvt. Ltd. (India), Acuro Organics Limited (India), and Hefei TNJ Chemical Industry Co., Ltd. (China) adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.

WeylChem Group is a part of International Chemicals Investors Group (ICIG) that provides custom manufacturing and tolling services, advanced intermediates & reagents, and performance products & detergent chemicals. WeylChem is one of the key suppliers of raw materials for laundry detergents and household cleaning products across the world. WeylChem group conducts business in various industries, namely, agrochemical industry, pharmaceuticals, polymers, personal care products, specialty chemicals, and detergent chemicals. WeylChem Wiesbaden GmbH, a part of WeylChem group, deals with the production of additives for detergents through its two production plants that manufacture TAED and alkanesulphonate.

Zhejiang Jinke Peroxide Co., Ltd. was established in 2007, and it is one of the largest manufacturers of peroxides in China. The company is specialized in the study and manufacturing of peroxides, activating agents, and performance fine chemicals. It is known to be the sole big producer of TAED in Asia and has won various awards, such as National Key High-tech Enterprise, Zhejiang Province Green Enterprise, and Zhejiang Province Patent Model Enterprise. The company’s sodium percarbonate and TAED products are used for household cleaning, industrial cleaning, personal care, textiles, papermaking, printing & dyeing, environment protection, and many other fields.

Lubrizol Corporation is a renowned global specialty chemical company. With decades of experience and a commitment to innovation, Lubrizol serves a wide range of industries, including transportation, industrial, consumer, and specialty markets. Lubrizol’s expertise in specialty chemicals spans a broad spectrum, encompassing additives, polymers, and advanced materials. The company’s research and development capabilities are at the forefront of technological innovation, enabling the creation of high-performance products tailored to meet specific customer needs. By collaborating with customers, Lubrizol can tailor solutions to enhance the effectiveness and efficiency of TAED-based products in applications such as laundry detergents and cleaning formulations.

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Shanghai Deborn Co., Ltd. produces and supplies textile, plastic, detergent chemicals, and intermediates. The company operates through two plants located in industrial park of Xinxiang city and Shangqiu city of Henan province. The company deals in the production of textile auxiliaries, polymer additives, detergent chemicals, and performance intermediates. The TAED production takes place under the detergent chemicals segment. The company’s sales and distribution network are extended to various regions such as Europe and South Africa.

Acuro Organics Limited supplies and develops chemicals along the various fully recognized international standards. The company has a global network and imports TAED and aims at offering excellent quality in terms of chemical outputs and services. The company is a performance chemicals company and trades in various chemicals such as activated carbon, polymers, chelating agents, boiler chemicals, and RO maintenance chemicals, among others. The company has an excellent infrastructure backed by highly advanced technology and largely sophisticated machines that assist in the chemical operations and procedures.

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Anti-Migrating Agent Market

Glass Substrate Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Isobutyric Acid Market Trends: Emerging Applications in Pharmaceuticals and Animal Feed

The isobutyric acid market  size is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch.

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Companies such as OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China) fall under the winners’ category. These are leading players in the isobutyric acid market, globally. These players have adopted the strategies of mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures to increase their market shares.

OQ Chemicals GmbH

OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions.

Eastman Chemical Company

Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation.

Tokyo Chemical Industry Co., Ltd

Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers an wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India.

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Snowco

Snowco is a Chinese-based provider of natural flavoring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavoring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry. 

Shanghai Aladdin Biochemical Technology Co., Ltd.

Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China.. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.

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Rare-Earth Metals Market

Polycarbonate Resin Market

Global Ferro Silicon Market Report: Applications and Regional Trends Leading to 2028

The global ferrosilicon market size is projected to reach USD 12.9 billion by 2028, at a CAGR of 3.4% from USD 10.9 billion in 2023. The robust demand for steel in the automotive, construction, and manufacturing industries, coupled with a growing focus on renewable energy to reduce carbon emissions, will contribute to the rapid growth in the demand for ferrosilicon.

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Based on type, the ferrosilicon market has been segmented into atomized ferrosilicon and milled ferrosilicon.  Atomized ferrosilicon, known for its fine, spherical particle structure, finds applications in complex steel alloys and stainless steel, owing to its superior flowability and uniform distribution. Conversely, milled ferrosilicon, with its coarser particle size, serves as a cost-effective solution in applications such as heavy-medium separation in dense media plants and the production of welding agents. Both variants play vital roles in meeting diverse industrial demands.

Based on application, the ferrosilicon market has been segmented into deoxidizer and inoculants.  Ferrosilicon is a critical alloy serving as both a deoxidizer and an inoculant in the steel and iron industry. Its deoxidizing properties aid in eliminating impurities from molten steel, ensuring the production of high-quality, durable steel for various applications. Additionally, as an inoculant, ferrosilicon enhances the mechanical properties of cast iron, improving its strength and wear resistance. Its versatile role in enhancing the integrity and performance of steel and iron products underscores its significance across diverse industrial sectors.

Asia Pacific is the fastest-growing market for ferrosilicon. This growth is mainly attributed to the rapidly increasing industrialization & urbanization, which drives the demand for steel in booming economies in China, and India. As a result, the demand for ferrosilicon experiences a corresponding upswing, as it serves a critical role in the production of steel and various other alloys. The region’s large population coupled with a growing middle class and increasing disposable income boosts the demand. Low labor costs and easy raw material availability attract manufacturers to cater to the local emerging markets better.

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The key global players in the ferrosilicon market include Elkem (Norway), RFA International (Switzerland), DMS Powders (South Africa), Ferroglobe (UK), Eurasian Resources Group (Luxembourg), Feng Erda Group (China), Finnfjord AS (Norway), Mechel PAO (Russia), Om Holdings Ltd (Singapore), Maithan Alloys Ltd (India) and others.

Packaging Sector Drives Laminating Adhesives Demand: Trends and Forecasts for Food, Pharma, and Consumer Products (2023-2028)

Laminating adhesives are specialized adhesives used to bond layers of materials together, typically in packaging, automotive, and industrial applications. They provide durability, flexibility, and protection, enhancing the performance and longevity of laminated products. These adhesives come in various types, including solvent-based, water-based, and solvent-less formulations, and are chosen based on the specific requirements of the application.

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The laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%. Asia Pacific is the largest laminating adhesives market that is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region.

The key players following the strategies between 2018 to 2022, Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Sika AG (Switzerland). The companies are majorly following product launch, merger & acquisition, investment & expansion, and  as the strategy to grow and expand the market.

Henkel AG is engaged in adhesive technologies and consumer brands. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes), laundry & home care (household cleaning products such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products such as shampoos, toothpaste, hair colorants, and shower products), and corporate. The company’s adhesive technologies segment is a leader in the adhesives market across all end-use industries globally. The company has operations in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

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3M offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates in four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. The company manufactures laminating adhesives for various applications through its industrial and consumer segments. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

Global Green Preservatives Market: Forecast to 2028 by Type, End-use Industry, and Region| MarketsandMarkets™

In recent years, the green preservatives market has witnessed a significant surge in demand, driven by growing consumer awareness and regulatory initiatives promoting environmentally friendly solutions. Green preservatives, also known as eco-friendly or natural preservatives, offer sustainable alternatives to conventional chemical preservatives, addressing concerns related to human health, environmental impact, and product sustainability. The Green Preservatives Market size was USD 1.1 billion in 2023 to USD 1.5 billion by 2028, at a CAGR of 7.1% from 2023 to 2028.

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Drivers of Growth:

  1. Rising Environmental Concerns: Increasing awareness about environmental pollution, ecosystem degradation, and climate change has propelled the demand for sustainable products and practices, including green preservatives.
  2. Health and Safety Consciousness: Consumers are becoming increasingly discerning about the products they use, preferring natural and non-toxic alternatives to synthetic chemicals, especially in personal care, cosmetics, and food industries.
  3. Regulatory Pressures: Stringent regulations and bans on certain chemical preservatives, such as parabens and formaldehyde-releasing agents, have prompted manufacturers to seek greener alternatives that comply with regulatory standards.
  4. Shift Towards Natural Ingredients: The trend towards clean label and natural products has driven the adoption of green preservatives derived from botanical extracts, essential oils, organic acids, and plant-based antimicrobials.
  5. Sustainability Initiatives: Companies across various industries are incorporating sustainability into their business strategies, including sourcing renewable ingredients, reducing carbon footprint, and promoting eco-friendly packaging solutions.

Trends and Innovations:

  1. Biodegradable Formulations: Manufacturers are developing biodegradable preservatives that break down into non-toxic compounds after use, minimizing environmental impact and reducing waste accumulation.
  2. Plant-Based Extracts: Botanical extracts rich in antimicrobial and antioxidant properties, such as grapefruit seed extract, rosemary extract, and tea tree oil, are gaining popularity as natural preservatives in skincare, cosmetics, and food products.
  3. Microbial Fermentation: Fermentation processes utilizing beneficial microorganisms, such as lactic acid bacteria and yeast, are being explored for the production of natural antimicrobial agents with broad-spectrum activity and minimal ecological footprint.
  4. Nanoencapsulation: Nanoencapsulation technologies enable the targeted delivery and controlled release of active ingredients, enhancing the efficacy and stability of green preservatives in various formulations while reducing the required dosage.
  5. Collaborative Research: Collaborations between academia, industry, and research institutions foster innovation in green preservative technologies, leading to the discovery of novel compounds, formulations, and application methods.

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Challenges and Considerations:

  1. Efficacy and Stability: Ensuring the efficacy and stability of green preservatives under different environmental conditions, pH levels, and product matrices remains a challenge, requiring extensive research and formulation optimization.
  2. Cost Competitiveness: Green preservatives often come at a higher cost compared to synthetic alternatives, posing challenges for manufacturers in terms of pricing, competitiveness, and profitability.
  3. Regulatory Compliance: Navigating complex regulatory landscapes and ensuring compliance with safety, labeling, and efficacy requirements present hurdles for companies developing and marketing green preservative products.
  4. Consumer Perception: Despite growing demand for natural products, consumer perceptions and preferences vary, with some expressing skepticism or resistance towards green preservatives due to concerns about efficacy, sensory attributes, or unfamiliarity with natural ingredients.
  5. Supply Chain Sustainability: Sourcing sustainable raw materials, implementing ethical sourcing practices, and maintaining transparency across the supply chain are critical for ensuring the integrity and sustainability of green preservative products.

Key Players

The key market players in the green preservatives industry report are Kerry Group (Ireland), Kemin Industries, Inc. (US), Corbion N.V. (Netherlands), LANXESS AG (Germany), BASF SE (Germany), International Flavors & Fragrances Inc. (US), Dow Inc. (US), DSM-Firmenich AG (Netherlands), Symrise AG (Germany), Givaudan SA (Switzerland), Clariant AG (Switzerland) and others.

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