Furfuryl Alcohol Market Is Expected to Augment the Demand Owing to Growth in Foundry Industry, 2028

Furfuryl Alcohol Industry Overview

The global furfuryl alcohol market size was estimated at USD 472.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. This is attributed to the increasing demand for furfuryl alcohol for the synthesis of furan resins and in the formulation of thermoset polymer matrix compounds, cement, adhesives, coatings, and casting resins.

Furfural, which is derived from sugarcane bagasse and corncobs, undergoes catalytic reduction to form furfuryl alcohol. It is an organic composite, comprising a furan substituted by a hydroxymethyl group. Its primary application is as a chemical intermediate in the production of several chemical products, including wetting agents, adhesives, and foundry resins.

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The product is broadly utilized in resins and plastics applications. A surge in research and development activities in the area of rocket fuel is estimated to trigger the demand for furfuryl alcohol. The products also play an essential role in manufacturing in the foundry sector in the formulation of molds for metal casting. Consequently, the growing demand for furfuryl alcohol from various end-use industries across the globe is estimated to boost the growth of the market for furfuryl alcohol over the forecast period.

The metal casting sector is key to the underlying security and economic development of several nations across the globe. The foundries melt non-ferrous as well as ferrous alloys and dispense them into molds to profile them into finished goods by means of solidification. Furfural and its derivatives are utilized in the foundry sector for the formulation of molds for metal casting. Mounting production of metal castings is estimated to drive the growth of the foundry industry.

The growth of the foundry industry in India can be attributed to several government initiatives, including “Pradhan Mantri Kaushal Vikas Yojana (PMKVY)”, and “Make in India”, among others. Apart from these initiatives, the Government of India is easing certain FDI norms to endorse foreign investment. Additionally, a key demand for foundry products from several end-use industries, including railways, windmills, machine tools, power generation and distribution, mining, chemical industries, aerospace, domestic appliances, textile, and cement, among others, is estimated to drive the growth of the foundry industry.

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Specialty Oleochemicals Market - The global specialty oleochemicals market size to be valued at USD 36.2 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% during the forecast period.

Furfural Market - The global furfural market size was estimated at USD 522.60 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.

Furfuryl Alcohol Market Segmentation

Grand View Research has segmented the global furfuryl alcohol market on the basis of application, end-use, and region:

Furfuryl Alcohol Application Outlook (Volume; Tons; Revenue, USD Thousand, 2017 - 2028)

• Resins
• Solvent
• Corrosion Inhibitors
• Others

Furfuryl Alcohol End-use Outlook (Volume; Tons; Revenue, USD Thousand, 2017 - 2028)

• Foundry
• Agriculture
• Paints & Coatings
• Pharmaceuticals
• Food & Beverages
• Others

Furfuryl Alcohol Regional Outlook (Volume: Tons; Revenue, USD Thousand, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Furfuryl Alcohol market include

• ILLOVO SUGAR AFRICA (PTY) LTD.
• Linzi Organic Chemical Inc. Ltd.
• TransFurans Chemicals bvba
• DalinYebo
• Hebeichem
• p.a.
• Shandong Crownchem Industries Co., Ltd.
• Hongye Holdings Group Corp., Ltd.
• Xian Welldon Trading Co., Ltd.
• Furnova Polymers Ltd.
• NC Nature Chemicals

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Flame Retardant Market Growth Can Be Attributed to The Rising Application Scope in Key End-Use Industries by 2028

Flame Retardant Industry Overview

The global flame retardant market size was valued at USD 7.46 billion in 2020 and is forecast to grow at a compound annual growth rate (CAGR) of 8% from 2021 to 2028. The demand for flame retardants is anticipated to be driven by the growing usage of fire-resistant products in various end-use industries, such as electrical & electronics, transportation, construction, and others. These industries are increasingly using flame retardant-based materials to meet the fire safety and prevention regulations. The product demand is also fueled by the growing awareness among consumers about improving the fire safety of combustible materials and products. In offices and homes, flame retardants eliminate the risk of fire from an increasing number of electrical and consumer goods.

They also safeguard modern equipment and materials, such as building insulation, engineering thermoplastics, circuit boards, cables, and others, from the ignition and spread of fire. The growth of halogenated flame retardants, such as brominated, chlorinated, and others, is significantly restrained by the harmful effects of the chemicals on humans and the environment. Certain compounds, such as Hexabromocyclododecane (HBCD), are banned in European Union, Japan, and Canada.

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This has majorly driven the market for the development of safer alternatives, such as phosphorous, bromine, and chlorine-based non-halogenated flame retardants. The shifting trend toward the replacement of halogenated flame retardants has mainly driven innovation for new non-halogenated products as it promotes environmental sustainability. For instance, GYC Group, a manufacturer of specialty chemicals and fire resistance products, offers a wide range of halogen-free products.

Manufacturers look for less toxic products to make changes in the product composition, such as aluminum triohydroxide. It is expected that most of the demand will arise from applications, such as polyolefins, epoxy resins, Polyvinyl Chloride (PVC), engineering thermoplastics, rubber, and others. China, Iran, Italy, the U.K., the U.S., and France, are among the worst-hit economies due to the pandemic that resulted in industrial shutdowns, supply chain disruptions, and trade halts. This factor may hamper the market growth to some extent.

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Epoxy Resin Market - The global epoxy resin market size was valued at USD 22.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2030.

Polyamide Market - The global polyamide market size was valued at USD 33.30 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.

 

Flame Retardant Market Segmentation

Grand View Research has segmented the global flame retardants market on the basis of product, application, end use, and region:

Flame Retardants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Halogenated
• Non-Halogenated

Flame Retardants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polyolefins
• Epoxy Resins
• UPE
• PVC
• ETP
• Rubber
• Styrenics
• Others

Flame Retardants End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Construction
• Transportation
• Electrical & Electronics
• Others

Flame Retardants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Flame Retardant market include

• Clariant
• LANXESS
• BASF SE
• ICL
• Abermarle Corp.
• DuPont
• DSM

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Growing Consumer Demand for High Quality and Innovative Personal Care Products Is Expected to Drive Glycerol Market by 2027

Glycerol Industry Overview

The global glycerol market size was valued at USD 2.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% in terms of revenue from 2021 to 2027. This is attributed to its increasing demand from the food, pharmaceutical, and nutraceutical industries. The product is widely used in several food products including processed meat, condensed milk, and bakery products.

There is a rise in consumer preference for glycerol as it is non-toxic and has excellent nutritive values attached to it. It can be derived naturally as well as from petrochemical feedstock. The demand for the product is likely to augment globally in the coming years as it is easy to store, and does not harm the environment. Moreover, it is widely used for improving hydration levels and performance levels in athletes, and skin conditions, and helps relieve constipation as well. These factors are likely to positively affect the growth of the market for glycerol over the forecast period.

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Glycerol is available in two forms in the market - crude form and refined form. The crude form is obtained from the production of biodiesel, which is in its raw form and then sold to large refineries for further processing. It acts as an outstanding source of calories for non-ruminants such as swine, hens, and broilers. The refined form of the product is hygroscope in nature and is used in different applications such as pharmaceuticals, polyether polyols, food and beverages, and alkyd resins.

Glycerol is formed via hydrolysis reaction, saponification, and transesterification during biodiesel production. The substance that is produced has various impurities in it such as remaining wastewater, soaps, salts, esters, and catalysts. It is converted/purified into valuable products during the manufacturing process of biodiesel. Glycerol is manufactured by the hydrolysis of fats and natural oils from animals and plants. The synthesis of the product in yeasts and other organisms takes place through the dephosphorylation of glycerol 3 phosphates.

The prices of raw materials play a crucial role in the market for glycerol. Other costs that come into play apart from those of raw materials include pre-operational costs, capital investments, and working capital. Also, pre-operating costs include installation, setup, capitalized interests, project engineering and management, and commissioning costs. Increasing prices of fossil fuels have led to a rise in the prices of biodiesel, thus triggering the prices at a global level.

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Green & Bio-based Solvents Market - The global green & bio-based solvents market size to be valued at USD 13.74 billion by 2024. The market is primarily driven by rising demand from key application segments such as paints and coatings, adhesives, and pharmaceuticals.

Castor Oil & Derivatives Market - The global castor oil & derivatives market size was valued at USD 1.21 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.

Glycerol Market Segmentation

Grand View Research has segmented the global glycerol market on the basis of source, type, end-use, and region:

 Glycerol Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Biodiesel
• Fatty Alcohols
• Fatty Acids
• Soap

Glycerol Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Crude
• Refined

Glycerol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Food & Beverage
• Pharmaceutical
• Nutraceutical
• Personal Care & Cosmetics
• Industrial
• Others

Glycerol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

Key Companies profiled:

Some prominent players in the global Glycerol market include

• Cargill Incorporated
• BASF SE
• Procter & Gamble Chemicals
• Oleon NV
• KLK OLEO
• Dow Chemical Company
• ADM
• Wilmar International Ltd
• Pacific Oleochemicals Sdn Bhd
• Kao Corporation
• Emery Oleochemicals
• United Coconut Chemicals, Inc.
• Godrej Industries Limited
• Monarch Chemicals Limited
• Aemetis Inc.
• CREMER OLEO GmbH & Co. KG
• Sakamoto Yakuhin Kogyo Co., Ltd.
• Fine Chemicals & Scientific Co.

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Strict Regulations to Decrease Carbon Footprint Is Projected to Be the Key Factor Driving Energy Retrofit Systems Market

Energy Retrofit Systems Industry Overview

The energy retrofit systems market size was valued at USD 142.88 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2028. Factors, such as growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint, are projected to drive the global market. The growing adoption of HVAC appliances across various sectors is projected to further boost product demand.

Most HVAC and lighting technologies have an average shelf life of 25 years, after which, the technology is termed obsolete and needs replacement. Retrofitting of these systems leads to a substantial reduction in energy costs for homes and offices. The market in the U.S. is expected to witness significant growth over the forecast period due to large-scale construction and adoption of retrofit systems to replace the existing ones, which have proven to be expensive and energy-consuming.

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Since the Federal Government of the U.S. opted out of the Paris Accord on Climate Change, there has been speculation about the non-renewable energy companies capitalizing on the opportunity. Also, awareness to adopt renewable energy is projected to continue to grow at a robust rate on account of financial sops offered by government agencies. For the enhanced performance of energy retrofit system modules, these components need to be continuously technologically upgraded.

Manufacturers/developers of these components invest a significant proportion of the annual budget in R&D. The systems function perfectly only when all components are integrated to match the system requirements. Integrators and assemblers integrate all components to create energy retrofit systems as an integrated offering. Siemens, General Electric, Schneider Electric, and Johnson Controls are some of the companies that design and integrate such systems for various applications.

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Thin Film Battery Market - The global thin film battery market size to be valued at USD 5.2 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 35.52% during the forecast period.

Wind Power Market - The global wind power market size was valued at USD 99.28 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 6.5% from 2022 to 2030. 

Energy Retrofit Systems Market Segmentation

Grand View Research has segmented the global energy retrofit systems market based on product, application, and region:

Energy Retrofit Systems Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Envelope
• LED Retrofit Lighting
• HVAC Retrofit
• Appliances

Energy Retrofit Systems Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Non-Residential

Energy Retrofit Systems Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

Market Share Insights:

June 2021: Ameresco announced that it partnered with Defense Logistics Agency Energy and Cannon Air Force Base for USD 19 million Energy Savings Performance Contract (ESPC). The project designed by Ameresco will provide tangible facility improvements and enable recurring reductions in utility costs.

Key Companies profiled:

Some prominent players in the global Energy Retrofit Systems market include

• Daikin Industries Ltd.
• Ameresco
• Eaton
• AECOM
• Johnson Controls
• Orion Energy Systems, Inc.
• Siemens
• Trane

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U.S. Air Purifier Market Demand Is Driven by Rising Prevalence of Airborne Diseases in The Country, 2028

U.S. Air Purifier Industry Overview

The U.S. air purifier market size was estimated at USD 2.17 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2020 to 2028. Increasing pollution levels and the rising prevalence of airborne diseases in the country have resulted in rising product demand. The lockdown measures were taken by various states, such as California, Chicago, Illinois, Ohio, Oklahoma, and Mississippi, to control the COVID-19 spread. This has resulted in boosting the sales of home appliances, such as air purifiers, cleaning appliances, kitchen appliances, and water filtration devices. The rising awareness regarding healthy living has also contributed to the increased product sales in the country.

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Consumers in the U.S. are increasingly adopting air purifiers to maintain indoor air quality. In addition, there is a rising product demand from healthcare facilities exploring ways to avoid the coronavirus spread, though it mainly spreads from person to person. The market in the U.S. is projected to witness significant growth owing to the increasing pollution levels caused by industrialization, urbanization, and rapid population growth. Air purifiers play an important role in controlling deteriorating air quality and environmental imbalance that causes health issues.

The increasing product adoption is also attributed to the rising awareness about health among the youth and the upper echelons of society. Clean and fresh air prevents the possibility of respiratory diseases, such as pulmonary fibrosis, pneumonia, and asthma. The price of air purifiers is based on their specifications, quality, and coverage area. However, the overall cost associated with the operations and maintenance is high, which proves to be a deterrent for many consumers. The high operational cost is majorly related to the cost of energy or electricity required for the product’s functioning.

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Air Purifier Market - The global air purifier market size was valued at USD 12.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030. 

Smart Air Purifier Market - The global smart air purifier market size to be valued at USD 4.71 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 12.2% during the forecast period.

U.S. Air Purifier Market Segmentation

Grand View Research has segmented the U.S. air purifier market on the basis of technology and application:

 U.S. Air Purifier Technology Outlook (Revenue, USD Million, 2017 - 2028)

• HEPA (High-Efficiency Particulate Air)
• Activated Carbon
• Ionic Filters
• Others

U.S. Air Purifier Application Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial
• Residential

Key Companies profiled:

Some prominent players in the U.S. Air Purifier market include

• IQAir North America, Inc.
• Honeywell International, Inc.
• LG Electronics
• Unilever
• Aerus LLC
• Panasonic Corp.
• Hamilton Beach Brands, Inc.
• Whirlpool Corp.
• Daikin Industries, Ltd.
• Rabbit Air

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The Growth of Surgical Masks Market Is Expected to Be Driven by Improved Healthcare Expenditure, 2028

Surgical Masks Industry Overview

The global surgical masks market size was estimated at USD 3.9 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 10.5% from 2019 to 2028. The growth of the market is expected to be driven by improved healthcare expenditure as well as the increasing significance of respiratory protection in the healthcare industry, particularly during the COVID-19 pandemic.

The rapid spread of the COVID-19 pandemic has skyrocketed the demand for personal protective equipment, including surgical masks for healthcare professionals across the globe. Furthermore, some government agencies have implemented preventive steps, such as mandating the use of gloves, masks, and other personal protective equipment, to slow the spread of COVID-19, which is expected to boost the market growth.

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The U.S. is one of the most severely affected countries in the world by COVID-19. The rapid spread of COVID-19 in the country has increased the demand for surgical masks to reduce further transmission. In addition, the country has the highest healthcare spending in the world. Thus, the aforementioned factors are likely to have a positive impact on the demand for surgical masks in the healthcare industry.

A surgical mask is a disposable device that forms a barrier between the wearer's nose and mouth and possible pollutants in the immediate surrounding environment. They are built of varying thicknesses and have different abilities to protect the user from liquid contact. They also aid in the blockage of droplets, keeping them from reaching the nose and mouth.

The rising prevalence of chronic and long-term diseases, increased investments in MedTech and advanced infrastructure, increasing labor costs and staff shortages, and growing demand for broader healthcare services are factors expected to boost healthcare expenditure across the globe and thereby create upswings for market growth.

Surgical mask manufacturers are adopting online distribution platforms either through a third-party website or own website to supply products. Companies, in close collaboration with the governments, are spending heavily on the development of their logistics and supply chain setup to keep pace with deliveries of medical essentials such as masks, gloves, medicines to customers during the pandemic.

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Personal Protective Equipment Market - The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028.

Anti-pollution Mask Market - The global anti-pollution mask market size was valued at USD 2.7 billion in 2019. Rising demand for pollution filtering products such as anti-pollution masks for maintaining health and well-being will boost market growth.

Surgical Masks Market Segmentation

Grand View Research has segmented the global surgical masks market on the basis of product, distribution channel, and region:

Surgical Masks Product Outlook (Revenue, USD Million, 2017 - 2028)

• Basic Surgical Mask
• Anti-fog Surgical Mask
• Fluid/Splash Resistant Surgical Mask
• Others

Surgical Masks Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Online
• Offline

Surgical Masks Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

January 2020: Medline Canada, a subsidiary of Medline Industries, Inc., completed the acquisition of Médi-Sélect, a Canada-based distributor of dental and medical supplies.

Key Companies profiled:

Some prominent players in the global Surgical Masks market include

• 3M
• DuPont de Nemours, Inc.
• Ansell Ltd.
• O&M Halyard, Inc.
• Medline Industries, Inc.
• Cardinal Health
• Crosstex International, Inc.
• Kimberly-Clark Corporation
• AlphaProTech
• Dynarex Corporation

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Growing Purchasing Power of Developing Economies Residents is Expected to Drive Moringa Ingredients Market

Moringa Ingredients Industry Overview

The global moringa ingredients market size was estimated at USD 6.9 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 9.5% from 2020 to 2028. The availability of a wide variety of product applications across food & beverages, dietary supplements, pharmaceuticals, wastewater treatment, and animal feed industry along with their increasing consumption is driving the demand for moringa ingredients.

Moringa ingredients refer to the parts of moringa like bark, seeds, pods, flowers, leaves, and others which are derived from the moringa tree for their nutritive properties. These ingredients are a rich source of nutrients like protein, carbohydrates, calcium, phosphorus, potassium, iron, vitamins, beta carotene, and other bioactive compounds. The continuously growing food & beverages sector along with the rising awareness about the nutritive properties of moringa ingredients is supporting its growth in the market.

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India moringa ingredients market was dominated by conventional origin segment in 2020 attributed to its high productivity for the cultivators. The favorable weather condition and quality of land in the country are majorly supporting the country’s market value. Increasing awareness among people about the health benefits of moringa consumed through a variety of products like dietary supplements, functional foods, tea, among others are further supporting market growth. 

The moringa ingredients cultivation in the Indian market is estimated to exhibit potential growth over the forecast period from 2020 to 2028. The continuously advancing agricultural practices by farmers of the country due to expanding automotive reach and learnings in the agricultural sector is supporting the market growth. The farmers are upgrading their traditional practices of cultivation with advanced practices which are helping them in increasing their income value.

The market is having a strong dependency on the supply of moringa plant leaves, pods, and other nutritive ingredients. The major players are sourcing these raw materials from the native countries, whereas with time the cultivation of Moringa is expanding across the non-native countries of North America, South America, and Europe in order to meet the bolstering demand of the ingredients across the varied industry verticals.

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Hibiscus Flower Powder Market - The global hibiscus flower powder market size to be valued at USD 197.0 million by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period.

Digestive Health Products Market - The global digestive health products market size was valued at USD 44.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2030.

Moringa Ingredients Market Segmentation

Grand View Research has segmented the global moringa ingredients market based on source, origin, application, and region:

Moringa Ingredients Source Outlook (Revenue, USD Million, 2017 - 2028)

• Leaves
• Seed
• Roots
• Flowers
• Others

Moringa Ingredients Origin Outlook (Revenue, USD Million, 2017 - 2028)

• Organic
• Conventional

Moringa Ingredients Application Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverages
• Pharmaceuticals
• Cosmetics & Personal Care
• Others

Moringa Ingredients Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Moringa Ingredients market include

• Organic India Pvt Ltd.
• Earth Expo Company
• KuliKuli, Inc.
• Ancient Greenfields Pvt Ltd
• Grenera Nutrients Pvt
• Botanica Natural Products
• Aayuritz Phytonutrients Pvt Ltd.
• Herbs & Crops Overseas
• Moringa Initiative Ltd.
• Green Virgin Products LLC
• Dominate Industries

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Rising Investments in The Wireless Communication Technology Is the Growth Driver for The LTCC and HTCC Market

LTCC and HTCC Industry Overview

The global LTCC and HTCC market size to be valued at USD 3.9 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% during the forecast period.  The growing requirement of microelectronics in vehicles and aircraft for a safer experience is anticipated to drive market growth over the forecast period. LTCC and HTCC ceramic substrates are widely used in numerous industries such as automotive, telecommunication, and consumer electronics. Rising concerns to develop high-performance small-sized circuit boards for electronic components at low manufacturing costs are likely to drive the growth of the market over the coming years.

Gather more insights about the market drivers, restraints, and growth of the Global LTCC and HTCC market

The U.S. is expected to remain the leading market for LTCC and HTCC in North America over the forecast period owing to the growing prominence of emerging technologies such as the Internet of Things (IoT) and 5G technology. Rising research spending for developing next-generation wireless technologies and ongoing collaborations among different research institutes are projected to further fuel market growth. Furthermore, increasing penetration of electronic devices/sensors in vehicles is anticipated to offer new avenues for the growth of the market in the coming years. For instance, LTCC offers superior performance in advanced automotive sensing, and HTCC technology can be utilized for next-generation automotive components such as the packaging of LED headlights, LD headlights, and DCB circuit substrates.

With the shifting transition from hardware to software-defined vehicles, market players across the value chain of automotive electronics are investing to capitalize on innovations through software and electronics. Examples of software innovation include connectivity, electrification, autonomous driving, and diverse mobility. LTCC is an attractive solution for the packaging of microelectronic devices, however, numerous studies are underway to overcome challenges encountered during the production, processing, and application of LTCC. These challenges include chemical issues, which arise due to the interaction of thick films and glass phases in tapes, whereas physical issues arise due to the mismatch of screen-printed paste and tape.

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Ceramics Market - The global ceramics market size was valued at USD 247.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028.

Thermal Ceramic Market - The global thermal ceramic market size was valued at USD 3.8 billion in 2019 and is anticipated to expand at a CAGR of 7.1% from 2020 to 2027.

LTCC and HTCC Market Segmentation

Grand View Research has segmented the global LTCC And HTCC market on the basis of product, application, and region:

 LTCC And HTCC Product Outlook (Revenue, USD Million, 2017 - 2028)

• LTCC
• HTCC

LTCC And HTCC Application Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Telecommunication
• Aerospace & Defense
• Consumer Electronics
• Others

LTCC And HTCC Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

April 2022: KYOCERA Corporation developed transmissive metasurface technology to enhance the range and performance of 5G and 6G networks by directing wireless network signals in a particular fashion. The shareable meta surface further helps in transmit the high-frequency 5G and 6G to areas where connection is slow.

August 2021: Mini-Circuits created a new set of filters based on LTCC technology for the millimetre wave 5G market 1. A patent was also granted to the corporation for the same.

Key Companies profiled:

Some prominent players in the global LTCC and HTCC market include

• Hitachi Metals Ltd.
• Kyocera Corporation
• Murata Manufacturing Co., Ltd.
• TDK Corporation
• NGK Spark Plug Ltd.
• Yokowo Co., Ltd.
• KOA Corporation
• Maruwa Co. Ltd.

Order a free sample PDF of the LTCC and HTCC Market Intelligence Study, published by Grand View Research.

Waste Recycling Services Market Top Players are Eurokey Recycling, Northstar Recycling and Triple M Metal LP

Waste Recycling Services Industry Overview

The global waste recycling services market size to be valued at USD 81.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The rising consumer awareness pertaining to the benefits of garbage recycling is anticipated to have a positive impact on the market growth over the forecast period. During the COVID-19 pandemic, impositions of lockdown gave rise to a new type of waste known as pandemic waste, which includes gloves, masks, and respirators along with their packaging, which increased the waste generated due to the disruptions in the waste collection activities.

Ease in the movement restriction by the governments of various countries has formulated policies to tackle the waste, which is expected to complement the market growth. The pandemic has led to the panic buying of essentials, such as food, toilet papers, and cleaning products, which increased the waste generated during the lockdowns and also increased the demand for single-use plastics in the U.S. The pandemic has disrupted the U.S. waste recycling industry owing to the limitations on commercial activities.

Gather more insights about the market drivers, restraints, and growth of the Global Waste Recycling Services market

Rising concerns regarding waste management, coupled with increasing challenges pertaining to waste disposal, are expected to drive the demand for waste recycling services over the forecast period. The adoption of rigorous laws has accelerated research and development initiatives in waste recycling, which is expected to promote market growth over the forecast period. Increasing awareness about effective waste disposal for the preservation of animal and human health has resulted in the development of numerous disposal methods and procedures.

The presence of high amounts of hazardous chemicals in the trash, such as metals and salts, has compelled the waste generating companies to dispose of or recycle the waste in a timely way. Urban population growth and increased disposable incomes are predicted to drive the domestic housing sector across the world. As a result, upgrading the housing sector will improve the penetration of these recycling services, which, in turn, will boost the market growth over the forecast period.

Browse through Grand View Research's Bulk Chemicals Industry Research Reports.

Recycling Equipment Market - The global recycling equipment market size was estimated at USD 851.8 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2020 to 2027.

Solvent-based Plastic Recycling Market - The global solvent-based plastic recycling market size was valued at USD 599.75 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.

Waste Recycling Services Market Segmentation

Grand View Research has segmented the global waste recycling services market on the basis of product, application, and region:

Waste Recycling Services Product Outlook (Revenue, USD Million, 2017 - 2028)

• Paper & Paperboard
• Metals
• Plastics
• Glass
• Food
• Bulbs, Batteries & Electronics
• Yard Trimmings
• Others

Waste Recycling Services Application Outlook (Revenue, USD Million, 2017 - 2028)

• Municipal
• Industrial
• Others

Waste Recycling Services Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

September 2021: Eurokey Recycling invested about £15 million in a supermarket recycling line. This development is intended to retrieve and recycle flexible plastics and films from the supermarket and retail sectors

June 2021: Triple M Metal LP acquired Peterborough Iron & Metal (PIM), in order to expand its international reach in Ontario.

Key Companies profiled:

Some prominent players in the global Waste Recycling Services market include

• Eurokey Recycling, Ltd.
• Northstar Recycling
• Triple M Metal LP
• Amdahl Corp.
• Interface, Inc.
• Covanta
• Epson, Inc.
• Collins & Aikman
• Xerox Corp.
• Fetzer Vineyards
• Biffa

Order a free sample PDF of the Waste Recycling Services Market Intelligence Study, published by Grand View Research.

Global Powder Metallurgy Market to Witness an Outstanding Growth at a CGAR of 11.4% by 2028

Powder Metallurgy Industry Overview

The global powder metallurgy market size was valued at USD 2.11 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.4% from 2021 to 2028. The increasing adoption of additive manufacturing to reduce the weight of parts or components used in the aerospace, defense, and healthcare sectors will drive the market over the forecast period. 3D printing, also called additive manufacturing, offers properties, such as reduced weight, cost-effectiveness, and complexity in designs, which have attracted various manufacturers to implement the technology in their manufacturing processes. 3D printing is used in various industries, such as jewelry, medical, food, footwear, and aerospace. This has positively influenced the market growth.

Gather more insights about the market drivers, restraints, and growth of the Global Powder Metallurgy market

The growing focus of leading metallurgy companies on increasing their production has enabled them to invest in strategic initiatives. For instance, in October 2019, GKN Powder Metallurgy, a U.S.-based global metal powder producer, acquired the plastic 3D printing company, FORECAST 3D. This acquisition enabled the delivery of industrial 3D printing to various industries across the globe.

The growing penetration of additive manufacturing in the medical, automotive, and aerospace & defense sectors is also projected to drive the market. The demand for titanium in additive manufacturing is linked to the growth of the aerospace sector, where it is used in the production of aircraft parts. The demand for commercial aircraft is expected to grow at double the rate over the next 20 years owing to increasing air travel, which, in turn, is expected to drive the market growth.

The COVID-19 pandemic is an ongoing challenge for the industry. A large number of industries have largely been impacted by the pandemic and witnessed both upsides and downsides in the year 2020. For instance, the global sales of passenger cars fell to 60.5 million units in 2020. The crisis caused new challenges to emerge, particularly for the manufacturing & processing industries, including cost escalation, procession stoppages, disruption of the supply chain, and workforce minimal capacities.

Although with ease in the restrictions, companies have started ramping up their operations. For instance, in February 2021, the European Automobile Manufacturers’ Association (ACEA) has projected a rise in automotive sales by 10% in 2021 compared to 2020, which embarks the first step on the recovery path. Automotive manufacturers are competing to achieve lightweight components, which are primarily catered by powder metallurgy. This is expected to positively influence the market growth over the forecast period.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Ceramic Matrix Composites Market - The ceramic matrix composites market size was estimated at USD 3.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2022 to 2030.

Automotive Textiles Market - The automotive textiles market size was estimated at USD 28,919.6 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 3.2% from 2022 to 2030.

Powder Metallurgy Market Segmentation

Grand View Research has segmented the global powder metallurgy market on the basis of material, process, application, end-use, and region:

Powder Metallurgy Material Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Titanium
• Nickel
• Steel
• Aluminum
• Cobalt
• Others

Powder Metallurgy Process Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Additive Manufacturing
• Metal Injection Molding (MIM)
• Powder Metal Hot Isostatic Pressing (PM HIP)

Powder Metallurgy Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Aerospace & Defense
• Automotive
• Medical & Dental
• Oil & Gas
• Industrial

Powder Metallurgy End-Use Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Original Equipment Manufacturers (OEMs)
• AM Operators

Powder Metallurgy Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

May 2021: Desktop Metal, a technology pioneering company, acquired Adaptive3D, a leader in elastomeric solutions for additive manufacturing.

Key Companies profiled:

Some prominent players in the global Powder Metallurgy market include

• Molyworks Materials Corp.
• Advanced Technology & Materials Co., Ltd. (AT&M)
• JSC POLEMA
• Sandvik AB
• Höganäs AB
• GKN PLC
• Rio Tinto Metal Powders
• Rusal
• CRS Holdings, Inc.
• Liberty House Group

Order a free sample PDF of the Powder Metallurgy Market Intelligence Study, published by Grand View Research.

Massive Demand Arising from Asia Pacific to Play Major Role in Polyvinyl Alcohol Films Market Growth by 2028

Polyvinyl Alcohol Films Industry Overview

The global polyvinyl alcohol films market size was valued at USD 367.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. The increase in waste disposal problems coupled with stringent environmental regulations is driving the need for biodegradable raw materials in the packaging industry. This factor is expected to drive the demand for polyvinyl alcohol (PVA) films, particularly in the packaging industry. PVA films are eco-friendly and do not release toxic gasses upon incineration.

The overall market for PVA applications is expected to grow at a CAGR of 5.3% from 2021 to 2028. Developments in the packaging industry, particularly for detergents and agrochemicals, in countries, such as India, China, and Taiwan, are expected to boost the demand for polyvinyl alcohol films in APAC.

Gather more insights about the market drivers, restraints, and growth of the Global Polyvinyl Alcohol Films market

Increasing application scope in various end-use industries is expected to drive the detergent demand. Green packaging initiatives in developed regions, such as North America and Europe, are anticipated to increase the product consumption levels in these regions. Growing environmental concerns owing to hazards caused by the disposal of electronic products are expected to drive the PVA films market growth.

PVA films are suitable for manufacturing packaging bags for detergents, agrochemicals, concrete additives, and laundry. These films are water-soluble and are characterized as a green packaging material. Water-soluble films are majorly preferred in detergent packaging applications owing to their non-hazardous and non-toxic properties.

The detergent packaging segment has been further segmented into consumer detergent and industrial detergent. China is among the leading producers of consumer as well as industrial products. As a result, China is expected to provide lucrative growth opportunities to market players.

The growing penetration of washing machines in developing economies, such as India and China, is likely to be a key factor driving the product demand in consumer detergent packaging applications. Growing applications in the agricultural industry are also expected to provide immense opportunities to industry participants. However, the fluctuating petrochemical prices may harm the market growth.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Green Packaging Market - The global green packaging market size was valued at USD 274.15 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2028.

Food Packaging Market - The global food packaging market size was valued at USD 346.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.

Polyvinyl Alcohol Films Market Segmentation

Grand View Research has segmented the global polyvinyl alcohol films market on the basis of application and region:

PVA Films Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Detergent Packaging
• Agrochemical Packaging
• Laundry Bags
• Embroidery
• Others

PVA Films Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

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

Key Companies profiled:

Some prominent players in the global Polyvinyl Alcohol Films market include

• Aicello Corp.
• Changzhou Water Soluble Co., Ltd.
• Arrow GreenTech Ltd.
• Mitsubishi Chemical Corp.
• Kuraray Co., Ltd.
• Cortec Corp.
• AMC (U.K.) Ltd.
• MSD Corp.
• Sekisui Chemical Co., Ltd.
• Chang Chun Group

Order a free sample PDF of the Polyvinyl Alcohol Films Market Intelligence Study, published by Grand View Research.

Rising Need for Soil Remediation Is Anticipated to Bode Well for U.S. Biochar Market Growth by 2028

U.S. Biochar Industry Overview

The U.S. biochar market size was estimated at USD 125.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.8% from 2021 to 2028. This is attributed to growing requirements for the product to improve crop yields have resulted in increased utilization of fertilizers in the agricultural sector, thereby leading to increased acidity levels in the soil. In order to neutralize these soils, carbon-based additives such as compost and the product are gaining preference.

The product is a commercial product majorly used in livestock and animal feed industries. It is commonly produced by the thermal decomposition of plant-based biomass. While wood is the primary raw material used in the production of biochar, the other raw materials include woody debris, organic wastes, and manure litter.

Gather more insights about the market drivers, restraints, and growth of the U.S. Biochar market

The product is in the introduction stage of the product lifecycle in the U.S. With a rise in new farming systems and the proliferation of substitutes to conventional inorganic soil amendment products, some farmers are trying to become aware of various organic matters including biochar and their benefits. The U.S. government is also making efforts to promote the use of the product in agriculture.  

According to an article published by Wiley, as of December 2018, the U.S. had a total number of 35 policies that directly or indirectly support and promote the use of biochar. Some of these policies are oriented toward energy and food production, environmental remediation and climate change management, and agricultural waste management. Among the 35 programs, 15 offer financial benefits, 8 have R&D funding, and the others help in generating financial awareness.

The U.S. EPA has released new rules for governing the production and consumption of biochar in the country. EPA is governing emissions of Commercial/Industrial Solid Waste Incinerators (CISWI) under the Resource Conservation and Recovery Act, which has generated norms for manufacturers regarding the disposal of waste produced during the manufacturing process.

As the major feedstock is woody biomass, the U.S. Forest Service is projected to have a deep interest to supply the raw material to local product manufacturers. The trees and vegetation destroyed due to fire salvage and wildlife reduction projects generate unsalable waste, which can be used for biochar production.

Browse through Grand View Research's Agrochemicals & Fertilizers Industry Research Reports.

Anticoagulant Rodenticides Market - The global anticoagulant rodenticides market size was valued at USD 680.4 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030.

Nitric Acid Market - The global nitric acid market size was valued at USD 29.2 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.3% from 2022 to 2030. 

U.S. Biochar Market Segmentation

Grand View Research has segmented the U.S. Biochar market on the basis of technology, application, and state:

U.S. Biochar Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Pyrolysis
• Gasification
• Other

U.S. Biochar Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Agriculture
• Animal Feed
• Health & Beauty Products
• Others

U.S. Biochar State Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• California
• Texas
• Kansas
• Oklahoma
• Idaho
• Arizona
• Other States

Key Companies profiled:

Some prominent players in the global U.S. Biochar market include

• BioCharWorks
• Biochar Supreme
• Avello Bioenergy
• Black Owl Biochar
• Aries Clean Energy LLC
• Pacific Biochar Benefit Corporation

Order a free sample PDF of the U.S. Biochar Market Intelligence Study, published by Grand View Research.

Aluminum Foil Packaging Market Raw Material Outlook, PESTEL Analysis and Type Estimates, 2028

Aluminum Foil Packaging Industry Overview

The global aluminum foil packaging market size was valued at USD 33.56 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2028. The rising application of aluminum foil in food and beverage packaging application is likely to be a key driving factor for the industry growth. The processed food industry is witnessing high growth owing to increasing urban population along with changing consumer lifestyles. Furthermore, availability of packaged food products through online channels is supporting the growth of the food and beverage industry, which in turn is expected to have a positive impact on industry growth.

Gather more insights about the market drivers, restraints, and growth of the Global Aluminum Foil Packaging market

The busy lifestyle of the working population in the U.S. is increasing consumer reliance on packaged food and beverages. Furthermore, increasing consumer awareness regarding the impact of plastic on the environment is boosting the demand for alternative packaging solutions, impacting the aluminum packaging industry positively.

Advancements in the technical field such as the development of modified atmosphere technology (MAP) which aids in locking the freshness of food by controlling the blend of gases such as oxygen, carbon dioxide, and nitrogen inside the flexible packaging are expected to support the industry growth.

The profit margins of the market players are largely dependent on the raw material costs. Fluctuating aluminum costs leading to uncertainty around the availability of raw materials at economical or consistent prices is likely to be a key challenge for the industry. The high adoption of low-cost flexible plastic alternative solutions such as pouches and bags is also restraining the industry growth.

The Covid-19 pandemic has severely impacted global industrial production due to lockdowns imposed across major economies. However, unlike other industries, the food and beverage and pharmaceutical industries have remained unaffected, which are the major end-users of aluminum foil packaging, benefitting the market.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Smart Card Materials Market - The global smart card materials market size to be valued at USD 1.29 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% during the forecast period.

Paint Packaging Market - The global paint packaging market size to be valued at USD 28.4 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period. 

Aluminum Foil Packaging Market Segmentation

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end-use, and region:

Aluminum Foil Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Foil Wraps
• Pouches
• Blisters
• Containers
• Others

Aluminum Foil Packaging End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Tobacco
• Pharmaceutical
• Cosmetic
• Others

Aluminum Foil Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

June 2019: Amcor plc completed the acquisition of Bemis Company Inc., a U.S.-based packaging manufacturer, for nearly USD 6.8 billion. The acquisition has significantly expanded the former’s product portfolio, customer base, manufacturing capability, and geographic presence across the world.

Key Companies profiled:

Some prominent players in the global Aluminum Foil Packaging market include

• Amcor Plc
• Constantia Flexibles
• Novelis Aluminum
• Raviraj Foils Limited
• Ampco
• Symetal
• Aliberico S.L.U
• Coppice alupack ltd
• Eurofoil Luxembourg S.A.
• Reynolds group holdings limited
• Aleris Corporation
• Zhangjiagang Goldshine Aluminum Foil Co.
• JW Aluminum
• Ardagh Group
• Express Flexi Pack

Order a free sample PDF of the Aluminum Foil Packaging Market Intelligence Study, published by Grand View Research.

Increasing Preference for A Healthy Lifestyle Is Expected to Drive the Demand for Insect Protein Market By 2028

Insect Protein Industry Overview

The global insect protein market size was valued at USD 249.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 27.4% from 2021 to 2028. The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The growing health consciousness among consumers across the globe has increased the demand for healthy and nutritious food products, thus providing opportunities for manufacturers in various industries to offer such food products.

Insect protein holds high potential in combating world hunger as the demand for food products increases along with the growing population. Insect protein has a wide range of applications including animal feed production, food and beverage products, cosmetics, and personal care products. In addition, with the growing threats to global food scarcity, insects are being considered as a new source of human food and animal feed in western countries.

Gather more insights about the market drivers, restraints, and growth of the Global Insect Protein market

The U.S. accounted for the largest revenue share in the North American market in 2020 owing to the high awareness level among consumers and the presence of health-conscious consumers. Moreover, in the U.S., more than half of the population suffers from one or more preventable chronic diseases, many of which are derived from poor quality eating patterns and physical inactivity. This is increasing the demand for healthy and nutritious food products across the country.

In addition, consumers nowadays focus on the food ingredients and how their food is produced and sourced from and are willing to pay a premium price for natural products. Increasing spending on functional food products, a growing number of sports and gym enthusiasts, and consumers looking for healthy and sustainable food options are some of the key reasons expected to augment the market growth over the forecast period.

The outbreak pandemic disrupted the supply chain in different regions including North America and European countries such as the U.S., the U.K., France, and Germany are the leading markets for insect protein products. Insect protein saw a slow growth during the pandemic and is expected to recover post-pandemic due to the growing awareness and health consciousness among consumers.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

Protein Supplements Market - The global protein supplements market size was valued at USD 20.47 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2030.

Whey Protein Market - The global whey protein market size was estimated at USD 8.7 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2020 to 2027.

Insect Protein Market Segmentation

Grand View Research has segmented the global insect protein market on the basis of source, application, and region:

Insect Protein Source Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Coleoptera
• Lepidoptera
• Hymenoptera
• Orthoptera
• Hemiptera
• Diptera
• Others

Insect Protein Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Food & Beverages
• Animal Nutrition
• Pharmaceutical & Supplements
• Personal Care & Cosmetics

Insect Protein Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

November 2020: Innova Feed announced a collaboration with Archer Daniels Midland Company, one of the key players in agribusiness. The collaboration was made to expand its insect protein business by constructing a new site in Illinois, the U.S. that will have a target capacity of 60,000 tons of insect protein per year.

Key Companies profiled:

Some prominent players in the global Insect Protein market include

• InnovaFeed
• EnviroFlight
• Ynsect
• Hexafly
• Protix
• Aspire Food Group
• Chapul
• NutritionTechnologies
• Entomo Farms
• Goterra

Order a free sample PDF of the Insect Protein Market Intelligence Study, published by Grand View Research.

Ceramics Market Analysis Report by Type, Material, Application, Region and Segment Forecasts

Ceramics Industry Overview

The global ceramics market size was valued at USD 247.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028. The usage of ceramics in manufacturing products such as tiles and sanitary ware is likely to flourish owing to steady growth in residential construction around the globe.

Furthermore, ceramics are expected to witness high penetration in the medical industry owing to their increasing utilization in manufacturing bioimplants. Growing investments in the medical industry on account of factors including coronavirus emergence and the rising elderly population is expected to augment market growth over the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Ceramics market

China is a key producer and consumer of ceramics, which are extensively used in tiles, sanitary ware, bricks, and abrasives. Furthermore, these are being preferred as raw materials in 3D printing as well. The growing adoption of 3D printed parts coupled with rising investments in this technology is anticipated to benefit product demand over the forecast period.

Furthermore, growth in the construction sector is another driving factor for the market. Ceramics are used in interiors in form of tiles, sanitary ware, and another décor. Shifting trend towards appealing interior along with rising investments in residential and commercial construction to boost economic recovery in various countries is benefitting market growth.

The growth of the building & construction industry is another growth driver for the market. Various economies are witnessing positive growth and investments in the construction industry from 2020 to 2021. Ceramic products find application in interior and exterior tiles, sanitary ware, and in other complex structures such as chimney pipes, sewage, and bricks in the construction sector.

Browse through Grand View Research's Specialty Glass, Ceramic & Fiber Industry Research Reports.

Concrete Reinforcing Fiber Market - The global concrete reinforcing fiber market size was estimated at USD 2.19 billion in 2021 and is expected to register a CAGR of 6.8% from 2022 to 2030.

Flat Glass Market - The global flat glass market size was valued at USD 273.43 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.

Ceramics Market Segmentation

Grand View Research has segmented the global ceramics market on the basis of product, application, end-use, and region:

Ceramics Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Traditional
• Advanced

Ceramics Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Sanitary Ware
• Abrasives
• Bricks & Pipes
• Tiles
• Pottery
• Others

Ceramics End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Building & Construction
• Industrial
• Medical
• Others

Ceramics Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Ceramics market include

• 3M
• AGC Ceramics Co.,Ltd.
• Kajaria Ceramics Limited
• Kyocera Corporation
• Mohawk Industries, Inc.
• Momentive
• Morgan Advanced Materials
• RAK Ceramics
• Saint-Gobain
• Unifrax

Order a free sample PDF of the Ceramics Market Intelligence Study, published by Grand View Research.

Insulated Shippers Market Analysis by Size, Share, Product Type, Device, Vertical and Technology

Insulated Shippers Industry Overview

The global insulated shippers market size was valued at USD 6.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.0% from 2021 to 2028. Rising demand for organic fruits and vegetables across the globe is among the key driving factors for the industry. A large variety of foods and vegetables is being cultivated by employing organic methods across the world. Thus, these packaging products are widely incorporated to maintain the freshness of the produce during transportation.

Rising global demand for pharmaceutical products is another prominent factor fueling the demand for insulated shippers. The global pharmaceutical market is on the growth path owing to the rising prevalence of chronic diseases and the increasing aging population in countries such as China and Japan. Pharmaceutical products, such as blood, vaccines, and temperature-sensitive drugs, are usually transported in insulated shippers.

Gather more insights about the market drivers, restraints, and growth of the Global Insulated Shippers market

As far as sourcing of raw materials is concerned, large-sized organizations such as Sonoco Products Company and Sealed Air directly procure materials from manufacturers. These companies purchase raw materials in large quantities regularly and establish annual contracts with suppliers. On the other hand, small-scale companies in the market procure raw materials from either manufacturers or distributors as their requirement is not uniform. Therefore, long-term agreements usually do not exist in the market.

Manufacturers of insulated shippers use various types of liner material including paper, EPS, and metalized bubble wrap, among other materials. The application area of such materials is taken into consideration while they are manufactured. ABBE CORRUGATED PTY. LTD.; Sonoco Products Company; ICEE insulated folding boxes; and CP Cases Ltd. are among the key manufacturers of insulated shippers. Manufacturers in the market for insulated shippers also majorly offer the products to the food and pharmaceutical industries.

The global population is anticipated to increase by 1.24% per year until 2030. Furthermore, the proportion of people aged between 65 and 80 years is projected to rise to 28% by 2030 as compared to 22% in 2000. The aging population requires more medical assistance, thereby generating higher demand for pharmaceuticals. The aging population is predominantly rising in countries including Japan, China, Italy, and Germany. These factors are expected to favor market growth with increasing demand for insulated shippers over the forecast period.

The development of modified atmosphere packaging (MAP) is generating significant traction in the packaging industry and is anticipated to limit the employment of insulated shippers around the world. MAP helps lockin the freshness and extend the shelf life of food products inside the packaging. In addition, it controls the blend of gases such as oxygen, carbon dioxide, and nitrogen inside the thermoform packaging. However, the high cost associated with the technology is discouraging clients from opting for MAP solutions.

The outbreak of COVID 19 from the beginning of 2020 severely disrupted the supply chain, retail distribution, and consumer behavior for numerous products and services across the world. However, the demand for insulated shippers remained unaffected in 2020 as the product is primarily utilized for packaging or transporting essential products including fresh produce, groceries, meals, meat and seafood, pharmaceuticals, biologicals, and others.

In addition, the COVID 19 outbreak subsequently led to the development of several vaccines throughout 2020. Most of these vaccines are temperature sensitive and thus insulated vaccines shippers are anticipated to be employed for their safe and secure distribution. Several companies including Insulated Products Corporation, Path-Tec, Cold Chain Technologies, among others introduced product lines for COVID 19 vaccine shipping. Therefore, the possible rollout of vaccines across the world is expected to augment market growth over the short term.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Food Packaging Market - The global food packaging market size was valued at USD 346.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.

Stretch And Shrink Films Market - The global stretch and shrink films market size was estimated at USD 15.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030.

Insulated Shippers Market Segmentation

Grand View Research has segmented the global insulated shippers market on the basis of material, type, end-use, and region.

Insulated Shippers Material Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• Paper-based
• Wool
• Expanded Polystyrene (EPS)
• Expanded Polypropylene (EPP)
• Polyurethane (PU)
• Metalized Bubble Wrap
• Vacuum Insulated Panels
• Biodegradables
• Others

Insulated Shippers Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• Single-use
• Multiple-use

Insulated Shippers End-use Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• Home Delivery
• Agriculture
• Fish
• Life Sciences
• Others

Insulated Shippers Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Insulated Shippers market include

• Sonoco Products Company
• Sealed Air
• FEURER Group GmbH
• Sancell
• The Wool Packaging Company Limited
• Cool Pac
• Cascades, Inc.
• ICEE Insulated Folding Boxes
• Dinkhauser Kartonagen GmbH
• TemperPack
• Icertech
• Insulated Products Corporation
• Cambro
• PED Technologies Ltd
• Overath GmbH
• Barth GmbH
• Pelican BioThermal
• Softbox
• Olivo
• Cryopak
• Liviri
• SOFRIGAM
• Polar Tech Industries, Inc.

Order a free sample PDF of the Insulated Shippers Market Intelligence Study, published by Grand View Research.