The super absorbent polymers market is expected to grow at a CAGR of 6.3% to reach USD 13.2 billion by 2030 from USD 8.7 billion in 2023. The market research report presents a complete judgment of the market through strategic insights on future trends, super absorbent polymers market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. The market growth is driven by various factors, including the significant demand from healthcare industry.

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Super Absorbent Polymers (SAP) Companies

The key global players in the super absorbent polymers market, such as Nippon Shokubai (Japan), BASF (Germany), Evonik Industries (Germany), Sumitomo Seika (Japan), LG Chem (South Korea), Chase Corporation (US), Formosa Plastic Corporation (Taiwan), Kao Corporation (Japan), Satellite Science & Technology Co., Ltd. (China), SDP Global (Japan), Yixing Danson Technology (China) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches and expansions.

Nippon Shokubai

Nippon Shokubai is one of the leading global chemical manufacturers of materials and solutions. The company offers super absorbent polymers, acrylic acid, process catalyst, unsaturated polyester resins, maleic anhydride, benzonitrile, ethylene oxide, and specialty methacrylate. It operates in three business segments, namely, basic chemicals, functional chemicals, and environment & catalysts. The company offers super absorbent polymers under functional chemicals business segment. The company has operations in Asia, Europe, and North America and manufacturing facilities in Japan, Taiwan, Singapore, China, Korea, Belgium, and the US.

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BASF

BASF is one of the leading companies in the super absorbent polymers market, globally. The company operates through six business segments, namely, chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. It offers super absorbent polymers through its chemicals business segment. The company’s super absorbent polymers are used in incontinence products, baby diapers, and feminine hygiene products. BASF is developing super absorbent polymers with innovative properties, enabling its customers to design new generations of diapers and hygiene products. With the company’s global production footprint and state-of-the-art research & technical service facilities, BASF is one of the leading players in the global hygiene industry. The company has operations in Asia Pacific, Americas, Europe, and the Middle East & Africa.

“Sodium Polyacrylate is projected to be the largest type of super absorbent polymers, in terms of value, during the forecast period.”

Sodium polyacrylate is the largest type of super absorbent polymer due to its ability to absorb 100 to 1000 times its mass in water. t is a cross-linked polymer that contains sodium atoms and absorbs water through a process called osmosis. When dissolved in water, it forms a thick and transparent solution due to the ionic interactions of the molecules. The cross-links that connect the chains together prevent them from dissolving or breaking apart in the water, allowing sodium polyacrylate to absorb large amounts of water.

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“Agriculture is the fastest growing application of the super absorbent polymers, in terms of value.”

Agriculture is the fastest-growing application of super absorbent polymers market. Super absorbent polymers can improve the fertility and water holding capacity of soil, which is essential for sustainable agriculture and crop production. These polymers can help retain water in the soil, providing a reliable water source for plants during droughts, which is crucial for maintaining crop health and yield.

“Asia Pacific captures the largest share in the super absorbent polymers market during the forecast period, in terms of value.”

Asia Pacific is the largest market for super absorbent polymers due to several factors. The region has the largest consumption of super absorbent polymers, with China, India and Japan being the major contributors. The increasing demand for personal care products and agricultural products in the region is driving the growth of the super absorbent polymers market. The region's economic expansion is also a significant contributor to the expansion of the global super absorbent polymers market.

The report "Concrete Admixtures Market by Type (Superplasticizers, Normal Plasticizers, Accelerating Admixtures, Retarding Admixtures, Air-entraining Admixtures), Application (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2028", size was USD 18.6 billion in 2023 and is projected to reach USD 25.9 billion by 2028, at a CAGR of 6.9%, between 2023 and 2028.

Browse in-depth TOC on "Concrete Admixtures Market"

154 – Tables

54 – Figures

240 – Pages

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Waterproofing Admixtures are projected to register the highest CAGR, in terms of value, of the global concrete admixtures during the forecast period.

Waterproofing admixtures are known due to their effectiveness as compared to other waterproofing solutions. These admixtures form a resilient network to block the pores within concrete, effectively sealing even the smallest cracks and pores, thus ensuring long-lasting protection against water intrusion. Notably, some of the waterproofing admixtures have self-healing capabilities that further distinguish them, as they react with moisture over time to create new crystals that mend minor concrete damage. Thus, waterproofing admixtures are widely used in applications such as residential, commercial, and infrastructure, which will increase demand for them in the future.

The commercial is estimated to be the second-largest application of concrete admixtures, in terms of value, during the forecast period.

In the upcoming years, it is anticipated that the use of concrete admixtures in commercial applications will continue to grow. Because commercial buildings are typically subjected to more wear and tear than residential buildings. Also, weak bases, structures, and water penetration can cause significant structural damage to commercial buildings, which can lead to costly repairs and downtime. Therefore, there is a demand for durable and long-lasting concrete solutions for the commercial application.

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Asia Pacific is estimated to be the largest market for the concrete admixtures market, in terms of value, during the forecast period.

The adoption of concrete admixtures in various industrial sectors has increased due to government initiatives and heavy investments in infrastructure development. Moreover, The Asia-Pacific region is one of the fastest-growing regions in the world, with strong economic growth and rising disposable incomes. This is creating a favorable environment for the growth of the concrete admixtures market. Accordingly, Asia Pacific will be the largest market for concrete admixtures market during the forecast period.

Concrete Admixtures Market Key Players

The key players profiled in the report include Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), Fosroc, Inc. (UAE), RPM International Inc. (US), Penetron (US) Dow inc. (US) Xypex Chemical Corporation (Canada), and Arkema (France).

Sika AG is a Switzerland-based specialty construction chemicals company. Sika AG is one of the major manufacturers of construction chemicals, constantly focusing on innovative technologies and products for the construction industry. The company offers its products for a wide range of applications such as concrete admixtures, waterproofing systems, sealants, adhesives, flooring systems, roofing systems, and industrial coatings. It is one of the leading players in the concrete admixtures market. Sika operates in two major business segments: the construction industry and industrial manufacturing. It operates in 103 countries worldwide with 400 production sites and has a significant global footprint. In May 2023, the company completed the acquisition of the MBCC group after having received all necessary regulatory approvals. This acquisition is set to accelerate the sustainable transformation of both Sika and the global construction industry.

The report "Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), End-Use, and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2027", is projected to grow from USD 25.9 billion in 2022 to USD 52.6 billion by 2027, at a CAGR of 15.2% from 2022 to 2027. The market research report presents a complete judgment of the market through strategic insights on future trends, cathode materials market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. Growing demand for various applications such as automotive, consumer electronics, and industrial is expected to drive the global cathode materials market.

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Browse 283 market data Tables and 53 Figures spread through 225 Pages and in-depth TOC on "Cathode Materials Market by Battery Type (Lead-Acid, Lithium-ion), Material (Lithium-Ion (LFP, LCO, NMC, NCA, LMO), Lead-Acid (Lead Dioxide)), End-Use, and Region (Asia Pacific, North America, Europe, and Row) - Global Forecast to 2027"

The lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021.

By materials type, the lead dioxide cathode materials segment is estimated to account for the largest share of the cathode materials market in 2021. In lead-acid batteries, lead dioxide is the active material used as cathode. This material type segment has accounted largest share due to the demand of lead-acid batteries in various applications. The biggest advantage of lead-acid batteries over competing technologies is cost. It is less expensive than the other battery types that are being developed for high performance vehicles.

The lead-acid segment is estimated to account for the largest share of the cathode materials market in 2021.

By battery type, the lead-acid segment accounted for the largest share of the cathode materials market in 2021. The lead-acid battery is one of the widely used battery types. These batteries find applications in automobiles, defense, communications, UPS Systems, among others. The lead-acid battery has seen numerous technological advancements over the years, which have enhanced its performance.

The automotive segment is estimated to account for the largest share of the cathode materials market in 2021.

By end-use, the automotive segment accounted for the largest share of the cathode materials market in 2021. Lead-acid battery is the most used battery in the automotive sector. The growing demand for EVs has increased the demand for lithium-ion batteries in this sector hence creating the demand for cathode materials.

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Asia Pacific is estimated to account for the largest share of the global cathode materials market in 2021

The Asia Pacific region accounted for the largest share of the cathode materials market in 2021. Asia Pacific region is a hub for various growing manufacturing industries such as automotive, consumer electronics and others. Cathode materials are widely used in these industries, and their growth helps to contribute to the larger demand for cathode materials in the region.

Umicore (Belgium), POSCO (South Korea), BASF (Germany), Hitachi Chemical (Japan), Sumitomo Metal Mining Co., Ltd. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), Showa Denko (Japan), Nichia Corporation (Japan), L&F Co Ltd (South Korea), Pulead Technology Industry (China), TODA KOGYO CORP.(Japan), NEI Corporation (USA), Gravita India (India), Ascend Elements Inc (US), LG Chem (South Korea), American Elements (US), Zhejiang Huayou Cobalt (China),  Shenzhen Dynanonic Co., Ltd.  (China), Ningbo Shanshan Co., Ltd. (China), and EV Metals Group (Australia) are some of the leading players operating in the cathode materials market. These players have adopted the strategies of expansions, new product development, partnership, and joint ventures to enhance their position in the market are some of the leading players operating in the cathode materials market.

Umicore, a global materials technology and recycling group, provides rechargeable battery materials and hi-tech materials, including emission control and fuel cell catalysts. The company operates through three business groups: recycling, catalysis, and energy & surface technologies. The energy & surface technologies group comprises business units such as cobalt & specialty materials, rechargeable battery materials, metal deposition solutions, and electro-optic materials. In 2017, Umicore acquired NMC battery material patents from 3M. It has a strong global presence with operations in 30 countries across Europe, North America, South America, Asia Pacific, and Africa. Furthermore, the company operates three R&D centers for battery materials, along with cathode material production plants in Asia and Europe.

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Another important player in the global cathode materials market is POSCO. POSCO is among the leading producers of steel in the world. The company manufactures and sells a diversified line of steel products, including cold-rolled and hot-rolled products, stainless steel products, plates, wire rods, and silicon steel sheets. The company operates through four business segments, namely, steel, trade, construction, and others. It caters to customers from manufacturing industries that consume steel, including automotive, shipbuilding, home appliance, engineering, and machinery industries. POSCO Chemical offers products and services such as battery materials, advanced chemical materials, and basic industrial materials for a wide range of applications, including electric vehicles, IT devices, electric machines, plasticizers, manufacture of benzene, toluene, xylene, and others. The company operates in Europe, Asia Pacific, the Middle East & Africa, South America, and North America.

According to the new market research report "Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The market research report presents a complete judgment of the market through strategic insights on future trends, FGD systems market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. Market growth is driven by the enforcement of federal laws and regulations that mandate SOx emitting industries to install air quality control equipment.

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Browse in-depth TOC on "Flue Gas Desulfurization System Market"

136 – Tables

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217 – Pages

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"The wet FGD systems segment is projected to lead the market during the forecast period"

Based on type, the wet FGD systems segment is estimated to lead the market in 2020 as these are the most commonly used in industrial plants owing to their high removal efficiency (> 95%). As coal-fired power plants are the chief contributor of flue gases, most countries have strict emission standards for power generation units, mandating them to install FGD systems with high removal efficiency. Thus, wet FGD systems remain in high demand to meet the environmental standards across the globe.

"The power generation segment is estimated to lead the FGD system market during the forecast period"

Based on end-use industry, the power generation segment is expected to lead the FGD system market, as most developing and developed countries are still dependent on coal for electricity generation. China is the market leader in terms of wet FGD system installations in power plants. It has the maximum number of proposed power plants in the world. This, in turn, has increased SOX emission in China, consequently driving the demand for wet FGD systems that have a high removal efficiency to meet the emission standards set by the government.

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"The FGD systems market in Asia Pacific is projected to grow at the highest CAGR from 2021 to 2026"

The Asia Pacific region is a highly potential market for FGD systems and is projected to be the fastest-growing during the forecast period. The important drivers for the rising demand for FGD systems in Asia Pacific are the rapidly rising energy demand, industrialization, and awareness about controlling air pollution. The chemical sector is continuously growing in the Asia Pacific region and is expected to fuel the growth of the FGD systems market during the forecast period. The growth of the market in the Asia Pacific region can also be attributed to the growing cement manufacturing and metal smelting industries.

Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), and Andritz AG (Austria) have adopted agreements, expansions, innovative technology research, and new product development as their key growth strategies. The other noteworthy players in this market are Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea). These players have adopted strategies such as expansions, agreements, and new product development to enhance their position in the market.

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MITSUBISHI HEAVY INDUSTRIES (MHI)

MHI is the market leader in the global flue gas desulfurization systems market. It has extensive product offerings in the FGD systems market and holds strong position in all key end use industries. It has good hold in the Asia Pacific market competition strongly with Kawasaki Heavy Industries, Doosan, and other Asian players.

The commercial refrigeration market is projected to grow from USD 45.5 billion in 2023 to USD 60.5 billion by 2028, at a CAGR of 5.8% from 2023 to 2028. The market research report presents a complete judgment of the market through strategic insights on future trends, commercial refrigeration market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.

The expansion of the food & beverage industry, including restaurants, hotels, supermarkets, and convenience stores, directly drives the demand for commercial refrigeration worldwide. The expansion of retail chains, supermarkets, and convenience stores on a global scale drive the demand for commercial refrigeration systems. The requirement of a reliable and efficient refrigeration infrastructure to preserve perishable goods and meet customer demands is expected to boost the market growth.

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By product type, the refrigerated display case is projected to account for the fastest-growing segment of the commercial refrigeration market during the forecast period.

The refrigerated display case segment, by product type, is projected to be the fastest-growing market during the forecast period. These cases are designed to showcase products in an appealing and visually enticing manner, encouraging customers to make purchases. The global rise in the number of supermarkets, grocery stores, and other food retail outlets is expected to create attractive opportunities in the commercial refrigeration market.

By refrigerant type, the hydrocarbons segment is estimated to account for the second-largest share of commercial refrigeration market during forecast period.

Hydrocarbons (HCs) are natural, non-toxic refrigerants that have minimal impact on ozone depletion and global warming compared to many synthetic refrigerants. Hydrocarbon gases, such as propane, isobutane, pentane, and isopentane, are used as refrigerants for cooling in industrial, commercial, and domestic applications. Their significant role in the shift toward more environmentally friendly cooling solutions, contribute to the overall market growth.

By application, the food & beverage distribution is projected to account for the fastest-growing segment of the commercial refrigeration market during the forecast period.

Commercial refrigeration is also employed in food & beverage distribution to provide safe & efficient storage, transportation, and delivery of perishable products. Frozen food products, such as frozen fruits, vegetables, meats, and ready-to-eat meals, require specialized freezing & refrigeration during distribution to ensure they remain frozen until they reach consumers. These factors are expected to boost the market growth between 2023 and 2028.

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By end use, the convenience stores segment is projected to account for the second fastest-growing segment of the commercial refrigeration market during the forecast period.

The advent of refrigeration has allowed convenience stores to store packaged foods & beverages for extended periods without spoilage. The rising number of convenience stores can be attributed to the increasing preference for packaged food items and beverages and the rising per capita income of consumers. The growth of the food preservatives market in China and India is also expected to contribute to the increased consumption of commercial refrigeration in convenience stores.

By region, Asia Pacific is estimated to account for the largest segment of commercial refrigeration market during 2023 to 2028.

Governments in the Asia Pacific region were implementing stricter regulations and standards related to refrigerants. Such regulations are released with the aim of decreasing ozone depletion and greenhouse gas emissions. This led to a shift toward using more environmentally friendly refrigerants and phasing out hydrochlorofluorocarbons (HCFCs) and other harmful substancesIncreasing economic growth and substantial investments in the consumer appliances industry drive the demand for commercial refrigeration in the region. Rising demand for food storage equipment, increasing urbanization, and growing consumer electronics are also driving the market.

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Commercial Refrigeration Market Trending Key Players

The major players operating in the commercial refrigeration market include Daikin (Japan), Johnson Controls (US), Carrier (US), Dover (US), Baltimore Aircoil Company (US), Blue Star Limited (India), De Rigo Refrigeration (Italy), Fogel (Guatemala), Hussmann (US), Imbera (Mexico), KMW (Germany), Mayekawa Mfg. Co., Ltd. (Japan), Runte (China), SCM Frigo (Italy), True (US), Viessmann (Germany), Voltas (India), and others.

Daikin is one of the industry leaders in air conditioning, which manufactures and distributes air conditioning, heating, and refrigeration solutions. The group offers refrigeration systems for commercial and industrial applications, including walk-in coolers, freezers, display cases, and industrial refrigeration units.

The group operates through four business segments, namely, air conditioning, chemicals, Oil Hydraulics, and Defense Systems. The group offers products for the commercial refrigeration market through its air conditioning business segment. Daikin operates numerous subsidiaries and is widespread across many regions, such as Europe, the Middle East, Africa, Asia, Oceania, North America, and South America. The group has manufacturing facilities in Belgium, the Czech Republic, Germany, Italy, Turkey, and the UK.

The TPU market is projected to reach USD 4.6 billion by 2027, at a CAGR of 7.1% from USD 3.2 billion in 2022. The market growth is driven by influencing factors such as significant demand from end industries such as footwear, automotive, medical, industrial machinery, and electronics industries.

The market research report presents a complete judgment of the market through strategic insights on future trends, thermoplastic polyurethane (TPU) market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. The TPU market is mainly driven by the demand for TPU in various end-use industries, including automotive, medical, industrial machinery, footwear, and electronics, coupled with the replacement of conventional materials with TPU. Moreover, it is also driven by rapidly developing and emerging economies such as India, China, and Taiwan.

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Driver: Increasing demand from the footwear industry

TPU derives its growth in the footwear industry from its special features, additional resistance to slip and abrasion. The need for TPU in the footwear sphere is being determined by diverse factors. TPU is the most durable material that can be used in manufacturing various sorts of shoes for so long. Flexibility, along with its excellent resistance to chemicals, wear, and abrasion, makes it a perfect option to be used in many different footwear applications, including outsoles, midsoles, toe caps, etc. On the one hand, it is portable and provides pleasant cushioning for sports and athletic shoes which will in turn lead to the reduction of shoe weight and thus better personal comfort and efficiency.

Restraint: Higher cost of TPU than conventional material

TPU is commonly manufactured with huge investments and challenges when compared to other traditional raw materials like polyethylene, PVC, Rubbers and Polyurethanes. TPU is made under excessively high temperatures and requires a significant level of technical know-how. High investments and complicated manufacturing procedures have influenced the price increase for this material. The higher production costs limit its application areas especially in high-end segments. Thus, other classes like compounded types of polyethylene, polypropylene, Acrylonitrile butadiene styrene, etc.produced at lower prices are made available which possess similar properties to that of TPU. Therefore it faces stiff competition from such products in certain end-use areas including machinery, real estate construction and electronics. On another note, an increase in raw material prices ultimately affects prices of TPU.

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“Diisocyanates raw material is projected to grow at fastest CAGR, in terms of volume, during the forecast period.”

Diisocyanates raw material is projected to be the fastest-growing segment in the global TPU market, in terms of volume, during the forecast period. Diisocyanates are an essential material used in the manufacturing of TPU as it reacts with polyols to form polyurethane chains that offer the material its desirable properties, including elasticity, durability, and resistance to chemicals and abrasion.

“Polycaprolactone is projected to be the fastest growing type in the TPU market, in terms of value.”

Polycaprolactone provides superior mechanical and physical properties, including high tensile strength, excellent elasticity, and resistance to oil and chemicals. Polycaprolactone-based TPU has a lower melting point and can be easily processed, making them ideal for a wide range of applications, such as medical devices, automotive parts, and coatings.

“Asia Pacific is expected to be the fastest growing market for TPU during the forecast period, in terms of value and volume.”

The markets of the Asia Pacific and South America are registering high growth, and the trend is projected to continue during the forecast period. Emerging economies such as India, China, South Korea, Brazil, and Argentina are investing in various industrial developments that are driving the TPU market. Growth in the European market is hindered due to the environmental regulations imposed on the usage of harmful substances, as TPU contains isocyanates.

Thermoplastic Polyurethane (TPU) Market Trending Key Players

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the TPU market include BASF SE (Germany), Lubrizol Corporation (US), Covestro AG (Germany), Huntsman Corporation (US), Wanhua Industrial Group (China), COIM Group (Italy), American Polyfilm Inc (US), Kuraray Co., Ltd (Japan), and PolyOne Corporation (US).

BASF SE is a leading chemical company. The company operates under six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. It offers TPU through the functional materials business segment. The company's research is divided into three global divisions: Process Research & Chemical Engineering, Advanced Materials & Systems Research, and Bioscience Research. It supplies products and services to 90,000 customers. The company holds one of the top three market positions in around 80% of the business areas in which it is active. It operates six Verbund sites and 232 additional production sites across Europe, Asia Pacific, North America, South America, Central America, and the Middle East & Africa., In 2020, the company announced a collaboration with Maincal to launch South America's first safety shoe made with Infinergy. Infinergy TPU will help the company to meet the growing demand for the expanded TPU, especially in Asia Pacific. In September 2018, BASF SE launched a new production plant for expanded TPU, Infinergy, at the Changhua manufacturing site (Taiwan).

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The Lubrizol Corporation is one of the leading chemical manufacturers and a fully owned subsidiary of Berkshire Hathaway (US). The company is comprised of two primary business segments: Lubrizol Additives and Lubrizol Advanced Materials. It offers TPU through the Lubrizol advanced materials segment. It serves its products to various markets such as 3D printing, coatings, life sciences, personal care & beauty, medical devices, industrial cleaning and home care, and separation. The company serves customers in more than 100 countries, including the US, Belgium, Brazil, China, France, Germany, India, Japan, Spain, and the UK, among others. The Lubrizol Corporation operates 40 technical facilities, 56 manufacturing sites, and 45 sales offices.

The report "Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region - Global Forecast to 2028", size was USD 4.7 billion in 2023 to USD 7.6 billion by 2028, at a CAGR of 9.9% from 2023 to 2028.

The market research report presents a complete judgment of the market through strategic insights on future trends, aramid fiber market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.

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Aramid fibers, synthetic polymers renowned for their exceptional qualities such as high tensile strength, low density, resilience to extreme temperatures, and resistance to corrosive environments, play a pivotal role across several industries. Notably, aramid fibers, with an average strength five times greater than steel, boast a high melting point and excel in temperatures ranging from 400°C to 600°C. They also exhibit valuable dielectric properties. These remarkable attributes make aramid fibers indispensable in diverse sectors, including defense, personal protection equipment (PPE), automotive, telecommunications, oil & gas, iron & steel, aerospace, and mechanical rubber goods. Their predominant application lies in security & protection due to their ability to withstand heat, lightweight nature, and impressive load-bearing capacity.  Among the types of aramid fibers, Para aramid fiber takes the lead as the largest segment within the aramid fiber market. Furthermore, in 2022, Europe emerged as the primary market for aramid fiber in terms of value. This dominance can be attributed to the escalating demand for lightweight and flexible materials within the automotive, military & defense industries, serving a multitude of applications.

“Para-aramid fiber was the largest type for aramid fiber market in 2022 in terms of value.”

The global para-aramid fiber market is experiencing significant growth driven by several key factors. One prominent driver is the increasing demand for protective apparel, supported by the aerospace industry's requirements for long-lasting aramid-based composites in high-stress areas. This demand is fueling the expansion of the para-aramid fiber market on a global scale. Furthermore, advancements in technology within the transportation industry, such as the implementation of noise reduction, vibration control, and harshness mitigation technologies, are contributing to the growing need for aramid fibers. These fibers find applications in critical areas like braking systems, coach chassis, and vehicle interiors, all aimed at reducing overall weight and enhancing performance.

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“Security & protection segment is estimated to be the largest end-use industry in aramid fiber market between 2023 and 2028 in terms of value.”

Aramid fibers have garnered widespread utilization in security and protection applications, thanks to their remarkable attributes including robust strength, resistance to abrasion and organic solvents, and the ability to maintain fabric integrity at elevated temperatures. These applications span across military, industrial, and civil sectors. The demand for aramid fibers in providing thermal and ballistic protection has notably surged in civil law enforcement and armed forces, driven by the escalating challenges posed by insurgency and terrorism. Furthermore, the stringent regulatory framework imposed by government bodies and relevant agencies in developed economies, such as European nations and the United States, plays a pivotal role in propelling the growth of the aramid fiber market.

“Asia Pacific is estimated to be the fastest-growing region for the aramid fiber market during the forecast period from 2023 to 2028”

The expansion of the aramid fiber market in the Asia Pacific region is primarily due to the increasing demand from the automotive and defense sectors.This growth is further fueled by a growing emphasis on ensuring the safety of workers in various workplaces, leading to an increased need for protective clothing. Aramid fiber is particularly favored due to its inherent properties that enable lightweight fabric production. Notably, the majority of this growth in the Asia Pacific region is anticipated to be concentrated in key countries such as India, China, South Korea, and various Southeast Asian nations.

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Aramid Fiber Market Key Players

The key market players identified in the report Teijin Limited(Japan), DuPont de Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Hyosung Corporation (South Korea), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Huvis Corp. (South Korea), Kermel (France), China National Bluestar (Group) Co., Ltd. (China), and SRO Aramid (Jiangsu) Co. Ltd. (China).

DuPont De Numerous, Inc. stands as a global leader renowned for its technology-driven materials and solutions. Leveraging its expertise, the company pioneers crucial innovations across diverse sectors, including electronics, transportation, construction, healthcare, and occupational safety. Operating in approximately 60 countries worldwide, with manufacturing operations in around 40 countries, DuPont De Numerous, Inc. has established a formidable global presence.As part of its strategic growth initiative, the company actively engages in partnerships and collaborations across various regions. This approach aligns with the increasing demand for aramid fibers in industries such as protective clothing and high-performance textiles. DuPont De Numerous, Inc. places a significant emphasis on the expansion of its Safety & Construction business segment, notably as the leading supplier of aramid fibers to the US Department of Defense. In recent developments, the company has also joined forces with VF Workwear to create a line of heat-resistant garments, further showcasing its commitment to innovation and industry leadership.

The global refractories market size is projected to grow from USD 34.3 billion in 2024 to USD 42.4 billion by 2029, at a CAGR of 4.4% during the forecast period.

The market research report presents a complete judgment of the market through strategic insights on future trends, refractories market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.

The refractories market is experiencing growth due to several key factors. Firstly, increasing industrialization, particularly in sectors such as steel, cement, and chemicals, is driving demand for refractory materials to withstand high temperatures and harsh operating conditions. Additionally, ongoing infrastructure development projects worldwide are fueling demand for construction materials like cement, which in turn boosts the need for refractories in cement production. Moreover, advancements in refractory technology are enhancing material performance and extending the lifespan of refractory linings, further driving market growth.

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The Acidic & Neutral segment is expected to register the highest growth in the global refractories market during the forecast period.

The Acidic & Neutral refractories segment leads as the fastest-growing market segment compared to Basic refractories due to its versatility and wide applicability. With materials like silica (SiO2) and alumina (Al2O3), these refractories offer exceptional resistance to both acidic and basic slags, meeting diverse industrial needs. Industries like glassmaking, ceramics, and cement manufacturing increasingly rely on them for enduring harsh chemical environments while maintaining performance under high temperatures.

Iron & Steel segment dominated the market in 2023.

In 2023, the Iron & Steel segment continued to dominate the refractories market among its counterparts, cement, glass, power generation, and others, largely due to its substantial demand for refractory materials. With the backdrop of a thriving global steel industry, the demand for refractories remained robust. The iron and steel sector's reliance on refractories is inherent to its operational processes, with approximately 10-15 kilograms of refractory materials required for every ton of steel produced. This high consumption rate underscores the critical role that refractories play in the steelmaking process, providing essential thermal insulation and resistance to extreme temperatures and corrosive elements. While other industries such as cement, glass, and power generation also require refractories, the iron and steel segment's consistent and substantial demand solidified its dominance in the refractories market in 2023.

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The Shaped refractories segment is the fastest growing segment in the refractories market.

Shaped refractories are experiencing rapid growth in the market compared due to their versatility and effectiveness in meeting the evolving needs of various industries. These pre-formed refractory products, including bricks, tiles, and custom shapes, offer superior structural integrity and precise fitting, making them indispensable for lining furnaces, kilns, and equipment with standardized configurations. Shaped refractories are renowned for their ease of installation, consistent performance, and durability in high-temperature environments.

Asia Pacific region is the fastest growing market for refractories.

Asia Pacific (APAC) stands as the fastest-growing market for refractories, driven by various factors that underscore the region's economic dynamism. China, holding the title of the world's largest steel producer, fuels substantial demand for refractory materials in its steelmaking industry, serving as a primary growth catalyst. Furthermore, India's robust cement sector, driven by extensive construction activities, contributes significantly to the increasing demand for refractories in the region. Rapid urbanization, industrialization, and infrastructure development initiatives across Asia Pacific further bolster demand for refractory products in various sectors.

Refractories Market Key Players

RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), and Calderys (France) are the key players operating in the refractories market. Expansions, acquisitions, and deals are some of the major strategies adopted by these key players to enhance their positions in the refractories market.

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RHI Magnesita is a global leader in the refractories industry, formed by the merger of RHI AG and Magnesita Refratários SA. With a rich heritage spanning over a century, the company boasts unparalleled expertise in providing innovative refractory solutions to a wide range of industries worldwide, including steel, cement, non-ferrous metals, and more. Leveraging advanced technology and a robust global network, RHI Magnesita offers a comprehensive portfolio of high-quality refractory products and services, catering to the evolving needs of its diverse customer base. Its commitment to research and development, coupled with a focus on sustainability and operational excellence, positions RHI Magnesita at the forefront of the refractories market, driving growth and delivering value to its stakeholders.

Vesuvius, established in 1916 and headquartered in London, stands as a premier global provider of molten metal flow engineering solutions and advanced refractories. With a century-long legacy of innovation and expertise, Vesuvius serves diverse industries including steel, foundry, and glass. Their extensive portfolio and commitment to research and development empower them to deliver tailored solutions that optimize efficiency and enhance performance. Through their global presence and customer-centric approach, Vesuvius continues to drive advancements in molten metal flow control and refractory technology, supporting industries worldwide in achieving their operational excellence goals.

Krosaki Harima Corporation, founded in 1919 and headquartered in Tokyo, Japan, is a prominent player in the global refractories industry. With a rich history spanning nearly a century, the company has established itself as a leading manufacturer of high-quality refractory products and solutions. Serving a wide range of industries including steel, cement, and non-ferrous metals, Krosaki Harima Corporation is renowned for its commitment to innovation, quality, and customer satisfaction. Through its advanced research and development efforts, coupled with a focus on sustainability and technological excellence, the company continues to meet the evolving needs of its customers worldwide, solidifying its position as a key player in the refractories market.

The ultrapure water market is projected to reach USD 12.1 billion by 2027, at a CAGR of 8.6% from USD 8.0 billion in 2022. The Research report presents a complete judgment of the market through strategic insights on future trends, ultrapure water market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.

Semiconductors are the biggest application of ultrapure water, where it is used in the washing of silicon wafers, which are the building blocks of microchips. The growth of the semiconductor industry is expected to fuel the growth of the market for ultrapure water in the coming years. There is scope for using ultrapure water in many applications where high purity is desirable to improve the efficiency of the product or the process.

The major drivers for the ultrapure water market are growing demand in electronics and semiconductor industries and the increasing adoption of desalination technologies. The limited availability of water resources is the major restraint in this market. Opportunities for the market include increasing investment for wafer washing in emerging economies.

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Driver: Increasing adoption of desalination technologies

Desalination is the process of removing salts and minerals from seawater or brackish water to make it suitable for human consumption or industrial use. The global water crisis has led to an increased focus on water recycling and reuse. Desalination has become an increasingly popular solution for meeting the world's growing demand for freshwater, and the demand for ultrapure water is also increasing. Ultrapure water is used in desalination as it is required to clean and maintain the various components of the desalination system, such as membranes and filters. Before the desalination process, seawater or brackish water is pretreated with ultrapure water.

Restraint: Limited availability of water resources

The limited availability of water resources can make it difficult to obtain the large volumes of water needed for ultrapure water production. Water scarcity can be a major problem in some places, and the sources of water that are available might be polluted with impurities like heavy metals and chemicals, which makes it difficult to produce high-quality ultrapure water.

Opportunity: Increasing installation of supercritical and ultra-supercritical coal power plants

Coal-fired power plants are the second-largest end user of ultrapure water. These power generation plants are being upgraded to supercritical and ultra-supercritical technologies across the globe. These advanced technologies require high-purity ultrapure water. This has opened a significant opportunity for the players in the ultrapure water market.

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“Filtration segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

The filtration segment consisting of equipment and processing has the largest market share due to its high average selling prices. Increasing installations or upgrades of new water treatment plants/systems will also drive the filtration market.

“Process feed is projected to be the fastest growing application in the ultrapure water market, in terms of value.”

The consumption of ultrapure water as process feed is primarily driven by the necessity for increasing efficiency in power generation. Supercritical and ultra-supercritical are more efficient and economical in operations. Ultrapure water as process feed is also used in injectables and formulations in the pharmaceutical industry.

“North America is expected to be the second fastest growing market for ultrapure water during the forecast period, in terms of value.”

The North American market for ultrapure water is witnessing significant growth owing to the growing end-use industries, such as pharmaceutical, semiconductor, coal-fired power, and others. The US dominated the North American market, accounting for a share of 60.8% in 2021. Canada and Mexico, although they are small markets, have witnessed promising demand and are expected to grow in the near future.

Ultrapure Water Market Key Players

Acquisitions and partnerships are the major growth strategies adopted by the key players in the market. The key players in the ultrapure water market include Veolia (France), Asahi Kasei (Japan), Ecolab (US), DuPont (US), Evoqua Water Technologies (France), Ovivo Inc. (Canada), Organo Corporation (Japan), Hydranautics (US), Danaher Corporation (US), MANN+HUMMEL (Germany), Pentair (US), and Kurita Water Industries (Japan), among others.

VEOLIA

Veolia is a global leader in environmental services, with a broad range of solutions for water, waste, and energy management. The company offers a range of services and technologies for ultrapure water production, which is essential for many high-tech industries, such as electronics, pharmaceuticals, and biotechnology. It provides a range of water purification systems, including reverse osmosis, electrodeionization, and ultrafiltration technologies, which are designed to remove impurities and contaminants from water and produce ultrapure water that meets industry standards. Its ultrapure water solutions are used by a wide range of industries, including semiconductor manufacturing, pharmaceutical, and biotechnology.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.3 MARKET SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 ULTRAPURE WATER MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 STAKEHOLDERS

1.6 INCLUSIONS & EXCLUSIONS

TABLE 1 ULTRAPURE WATER MARKET: INCLUSIONS & EXCLUSIONS

1.7 SUMMARY OF CHANGES

1.8 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 32)

2.1 IMPACT OF SLOWDOWN/RECESSION

2.2 RESEARCH DATA

FIGURE 2 ULTRAPURE WATER MARKET: RESEARCH DESIGN

2.2.1 SECONDARY DATA

2.2.1.1 Key data from secondary sources

2.2.2 PRIMARY DATA

2.2.2.1 Key data from primary sources

2.2.2.2 Key industry insights

2.2.2.3 Breakdown of primary interviews

2.3 MARKET SIZE ESTIMATION

2.3.1 BOTTOM-UP APPROACH

FIGURE 3 ULTRAPURE WATER MARKET: BOTTOM-UP APPROACH

2.3.2 TOP-DOWN APPROACH

FIGURE 4 ULTRAPURE WATER MARKET: TOP-DOWN APPROACH

2.4 DATA TRIANGULATION

FIGURE 5 ULTRAPURE WATER MARKET: DATA TRIANGULATION

2.5 ASSUMPTIONS

2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST

2.6.1 SUPPLY SIDE

2.6.2 DEMAND SIDE

2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 41)

FIGURE 6 FILTRATION TO WITNESS FASTEST-GROWTH IN EQUIPMENT, MATERIAL, AND SERVICE SEGMENT

FIGURE 7 WASHING FLUID TO LEAD OVERALL MARKET DURING FORECAST PERIOD

FIGURE 8 SEMICONDUCTOR ACCOUNTED FOR LARGEST SHARE OF ULTRAPURE WATER MARKET

FIGURE 9 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 45)

4.1 EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN ULTRAPURE WATER MARKET

FIGURE 10 ASIA PACIFIC TO OFFER ATTRACTIVE OPPORTUNITIES IN ULTRAPURE WATER MARKET DURING FORECAST PERIOD

4.2 ULTRAPURE WATER MARKET, BY EQUIPMENT, MATERIAL, AND SERVICE

FIGURE 11 FILTRATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4.3 ULTRAPURE WATER MARKET, BY APPLICATION

Continued...

In terms of value, the demulsifier market is estimated to grow from USD 2.3 million in 2022 to USD 2.8 billion by 2028, at a CAGR of 3.6%. The report provides demand analysis, industry insights, competitive intelligence, and customer database and also presents a complete judgment of the market through strategic insights on future trends, demulsifier market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.

A chemical agent used to break apart emulsions into their component phases is known as a demulsifier, often referred to as an emulsion breaker or emulsion destabilizer. Emulsions are mixtures of two immiscible liquids, such as oil and water, stabilized by surfactants or other agents. Common examples include oil-in-water emulsions (where oil droplets are dispersed in a water phase) and water-in-oil emulsions (where water droplets are dispersed in an oil phase).

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Browse 239 market data Tables and 51 Figures spread through 235 Pages and in-depth TOC on "Demulsifier Market by Type (Oil Soluble, Water Soluble) Application (Crude Oil, Petroleum Refineries, Lubircant Manufacturing, Oil Based Power Plants, Sludge Oil Treatment) & Region (APAC, North America, Europe, MEA, South America) Global Forecast to 2028"

A chemical agent used to break apart emulsions into their component phases is known as a demulsifier, often referred to as an emulsion breaker or emulsion destabilizer. Emulsions are a combination of two incompatible liquids, such as oil and water, that have been stabilized with the help of surfactants or other substances. Both water-in-oil emulsions and oil-in-water emulsions, in which water droplets are spread in an oil phase, are common examples of emulsions.

Oil-soluble is projected to register the highest CAGR, in terms of value, of the global demulsifier during the forecast period.

The demand for oil-soluble demulsifier is closely tied to the global oil and gas industry's needs for efficient crude oil processing. Many crude oil reservoirs naturally contain water, and during extraction, emulsions can form between the oil and water phases. Oil-soluble demulsifier are used to break these emulsions, facilitating the separation of water from the crude oil and enhancing production efficiency.

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Crude oil is estimated to be the largest application of the demulsifier, in terms of value, during the forecast period.

The need for effective water and impurity separation from crude oil during production and processing is what drives the demand for demulsifier in the crude oil industry. Emulsions formed in crude oil reservoirs and during extraction can be challenging to handle, and effective demulsification is crucial for optimizing production and ensuring high-quality oil output. As global energy demands continue to rise, there is a growing need to extract more crude oil from reservoirs. Increased production leads to higher volumes of crude oil-water emulsions that require effective demulsification for efficient processing. All these factors drive the demand for demulsifier in crude oil application.

Middle East is estimated to be the largest market for the demulsifier market, in terms of value, during the forecast period.

The Middle East region is a significant hub for oil and gas production, which leads to a higher demand for demulsifier in this region. The Middle East is home to some of the world's largest oil reserves. Countries like Saudi Arabia, Iran, Iraq, and the United Arab Emirates are major oil producers. As, there are so many reservoirs, a lot of crude oil is being taken from them and processed, which increases the need for demulsifier to handle the emulsions that are present in the extracted oil.

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Demulsifier Market Key Players

The key players profiled in the report include Baker Hughes (US), Clariant AG (Switzerland), Ecolab Inc. (US), Hallinburton Company (US), Schlumberger Limited (US), Nouryon (Netherlands), BASF SE (Gemany), Dow Inc. (US), Arkema S.A. (France), and Momentive Performance Materials Inc. (US).

Baker Hughes is a global supplier of oilfield services, products, technology, and systems to the oil & natural gas industry. The company provides products and services, including integrated operations, reservoir services, drilling, evaluation, completion, production, pressure pumping, tubular services, process & pipeline services, downstream chemicals, specialty chemicals, and total depth education services. Baker Hughes operate through two major segments namely; oilfield service & equipment and industrial & energy technology. It has a presence in 120+ countries globally.