Liquid Laundry Detergent Market is Expected a High Probability Business Opportunity to 2028

 

As the chemical industry moves into 2022, strong demand for both commodity and specialty chemicals should keep prices robust throughout the year. However, the  industry could face margin pressures amid raw material cost inflation, which will likely remain high through the first half of 2022.

 

The liquid laundry detergent market size is projected to grow from USD 22.24 billion in 2021 to USD 32.99 billion in 2028, exhibiting a CAGR of 5.8% during the forecast period. Increasing demand for effective and convenient washing solutions is expected to fuel market progress. Fortune Business Insights™ mentions this information in its report titled "Liquid Laundry Detergent Market, 2021-2028." 

Liquid laundry detergent is a detergent made up of liquid instead of powder. It is composed of surfactants and other ingredients to enhance fabric cleaning. They are an extremely convenient option that eliminates the hassles of lint formation, color loss, and others. It reduces washing time and removes dirt efficiently from clothes. These type of detergents are made up of a mixture of non-ionic and anionic surfactants. Liquid detergents work well in cold, dry, and hot water and reduce the effort taken to wash clothes, and improve the consumer's experience. In addition, the evolving consumer experience and rising demand for effective laundry solutions are expected to boost market progress during the upcoming years. 

 

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Segments

By Application, the market is segmented into household and industrial & institutional. Regionally, it is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. 

 

Highlights of the Report

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

 

Drivers and Restraints

Robust Demand for Fully Automatic Washing Machine to Propel Market Progress

Rising awareness regarding the benefits of a washing machine is expected to boost demand for convenient consumer goods and appliances. The incorporation of these detergents improves washing quality and eliminates dust and other impurities present in clothes. It5 improves the consumer's convenience and improves time management. Liquid laundry detergents eliminate problems regarding fiber retention and color drains. The incorporation of liquid laundry detergents improves smoothness and provides an excellent washing experience in cold and hot water. It is easily washable and eliminates fiber formation and powder retention. These factors are likely to propel liquid laundry detergent market growth. 

However, the harmful effects of the product on the environment are likely to hinder market progress. 

 

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Regional Insights

Well-established Real Estate to Boost Market Growth in North America

North America is expected to hold a major market and was valued at USD 6.94 Billion in 2020. Adoption of a healthy lifestyle, rapid development of home care facilities, and well-established real estate is expected to boost liquid laundry detergents sales. These factors are likely to boost market development. 

Asia Pacific is expected to witness significant growth because of increasing industrial investments in the industrial sectors. Further, the rising demand for effective household products is expected to boost the liquid detergent sales. Further, the spike in middle-class population, household income, and rapid urbanization is expected to boost the liquid detergent demand. These factors are likely to boost the market growth. 

In Europe, rising demand for liquid laundry detergent from households is likely to propel the product's sales. Further, rising demand for liquid bio detergents and higher lifestyle expenditure propel industry progress. 

 

Competitive Landscape

Prominent Companies Announce Hygiene Products to Boost Brand Image

The prominent companies operating in the market announce hygiene products to boost their brand image. For example, A German-based company named Henkel launched hygiene products for tackling the COVID-19 pandemic in May 2020. Further, the incorporation of research and development strategy enables companies to improve their product quality and satisfy consumers' demands. Further, major manufacturers focus on developing advanced production machinery to improve product quality, reduce labor costs, enhance productivity, boost operational efficiency and achieve organizational goals. 

 

Industry Development 

·         May 2020: Lighting and Wipro Consumer Care launched Godrej Ezee 2 in 1 liquid detergent to expand their product portfolio.

 

List of Key Players Profiled in this Market Report

·         Procter & Gamble (U.S.)

·         Unilever (U.K.)

·         Lion Corporation (Japan)

·         KAO CORPORATION (Japan)

·         Henkel AG & Co. KGaA (Germany)

·         Church & Dwight Co., Inc. (U.S.)

·         Reckitt Benckiser Group plc (U.K.)

·         Wipro Consumer Care and Lighting (India)

·         Seventh Generation Inc. (U.S.)

·         Guangzhou Blue Moon Industrial Co., Ltd. (China)

 

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Wood Flooring Market Expected High Growth by 2027 | Increasing Government Support to Promote Wooden Products to Surge Demand

 The global wood flooring market size is expected to showcase considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced solutions globally. The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. 

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DRIVING FACTORS

Increasing Government Support to Promote Wooden Products to Surge Demand

The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global market in the forthcoming years.

SEGMENTATION:

Residential Segment to Hold Major Market Share

The residential segment, based on application, is expected to showcase significant growth owing to the increasing demand for lumber-based wood flooring products for residential projects across the globe.

REGIONAL INSIGHTS

Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.

The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027.

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COMPETITIVE LANDSCAPE:

Key Players Focus on Partnerships to Expand Their Product Portfolio

The global wood flooring market is fragmented by the presence of major companies that focus on establishing partnerships to expand their wood flooring portfolio and gain a competitive edge over their rivals. The other key players are adopting strategies such as collaboration, the introduction of new products, and merger and acquisition that will contribute to the market growth in the forthcoming years.

Key Players Assessment in this Research:

• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in this market
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

List of the Leading Companies Profiled in the Global Wood Flooring Market are:

• Mohawk Industries, Inc. (U.S.)
• Armstrong Flooring, Inc. (U.S.)
• Shaw Industries Group, Inc. (U.S.)
• LL Flooring (U.S.)
• Junckers Industrier A/S (Denmark)
• British Hardwoods (UK)
• Connor Sports (U.S.)
• Tarkett S.A. (France)
• Boral (Australia)
• Daiken Corporation (Japan)
• Kährs Holding AB (Sweden)
• Barlinek S.A. (Poland)

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US Food Packaging Market Size, Significant Features and Key Highlights

 The latest study released on the US Food Packaging Market by Fortune Business Insights™ evaluates the market size, share, trend, and forecast to 2029. The US Food Packaging market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts, and other key people to have a ready-to-access and self-analyzed study to help understand market trends, and growth drivers, opportunities, and upcoming challenges and about the competitors.

Using SWOT analysis, the report examines market drivers and restraints, as well as their impact on demand during the predicted period. The US Food Packaging report was created using the following criteria: market type, organization size, on-premises availability, and end-user organization type. North America, South America, Europe, Asia-Pacific, the Middle East, and Africa are among the regions examined for the market. By taking into consideration significant elements such as revenue, cost, and gross margin, this market research study provides a comprehensive overview of product specification, product type, production analysis, and technology. 

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Significant Features and Key Highlights of the US Food Packaging Market Reports:

– Comprehensive Assessment of the Parent Market.

– Evolution of Key Aspects of the Market Survey of Industry.

– Wide Market Segments Assessment of Market Value and Amount for Past, Present, and Forecast Year.

– Historic, existing, and predictable market size in terms of extent and worth.

– Market Share Assessment Niche Industry Sector

Market Segment Analysis:

US Food Packaging Market Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide market which includes improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed.

The research studies included in the US Food Packaging study assist in forecasting various essential areas, product success, and market share expansion. During the forecast period of 2022-2029, the US Food Packaging market is expected to grow at a significant rate. This research includes company profiles for all of the major players and brands that dominate the market. The impact of their actions, such as product launches, joint ventures, mergers, and acquisitions, on sales, imports, exports, revenue, and CAGR values, has been thoroughly examined in the research. From market scenarios to comparative analysis, the scope of this US Food Packaging market study can be increased.

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Top Key Players are covered in the US Food Packaging Market Report:

With the help of the competitive analysis included in this report, important tactics taken by leading competitors in the US Food Packaging market can be simply studied. This will assist players in becoming more familiar with their hardest competitors’ moves in the US Food Packaging industry.

• Mondi Group (Austria)
• Amcor plc (Australia)
• Berry Inc. (U.S.)
• BALL CORPORATION (U.S.)
• Stora Enso (Finland)
• Constantia Flexibles (Austria)
• Plastipak (U.S.)
• Tetra Pak International S.A. (Switzerland)
• DS Smith (UK)
• ExxonMobil Chemical (U.S.)
• Other Key Players

Regional Analysis:

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (the United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

The Research covers the following objectives:

To study and analyze the US Food Packaging consumption by key regions/countries, product type and, application, history data from 2016 to 2021, and forecast to 2029. Focuses on the key US Food Packaging manufacturers, to define, describe and, analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analyses, SWOT analyses, and development plans in the next few years. To analyze the US Food Packaging with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and, risks).

Key Questions Answered:

- How feasible is the US Food Packaging market for long-term investment?
- What are influencing factors driving the demand for US Food Packaging near future?
- What is the impact analysis of various factors in the  US Food Packaging market growth?
- What are the recent trends in the regional market and how successful they are?

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Spunbond Nonwoven Market Share, Size, Price, Strategy, Overview, Demand, Outlook and Forecast 2021-2028

 The global spunbond Nonwoven market size is expected to gain momentum by reaching USD 20.79 billion by 2028 while exhibiting a CAGR of 6.2% between 2021 to 2028. In its report titled “Spunbond Nonwoven Market, 2021-2028,”Fortune Business Insights mentions that the market stood at USD 13.01 billion in 2020 and is estimated to reach USD 13.68 billion in 2021.

Spunbond Nonwoven is a collection of unbroken filaments made through fiber spinning, netting formation, and then the bonding process. Its increasing adoption in personal care such as baby diapers, adult incontinence products, and medical products such as covers, face masks, gowns, gloves, and wipes are expected to spur its demand during the forecast period Additionally, it provides flexibility, durability, lightweight, and easy processing while providing one-time use of products is leading to high production of disposable products. Furthermore, the changing preference of consumers towards disposable products is leading manufacturers to accelerate and offer newer and advanced Nonwoven products.

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COVID-19 Impact:

The global pandemic caused by the spread of the novel coronavirus has had a moderate damaging impact on the market. As amid COVID-19, demand for masks, gloves and other protective equipment increased and this, in turn, increased demand for these unbroken filaments. However, due lockdowns and travel bans were imposed by the government's worldwide supply chain got disrupted. Additionally, the shutting down of businesses except for essential services with minimal workforce affected its demand in construction works. This has directly impacted the demand for spunbond Nonwoven material.

Segmentation:

By function, the market is bifurcated into disposable and durable.

By material, it is divided into polypropylene, polyethylene, polyester, and others.

By application, it is segmented into personal care & hygiene, geotextiles, medical, and others.

Based on application, the geotextile segment held a market share of 17.6% in 2020. This is attributable to the increasing usage of these in construction activities such as roads, landfills, harbors, railroads, and drainage structures for enhancing soil stabilization. Furthermore, investment by the government in infrastructure projects is anticipated to drive the segment growth.

Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the market growth.

List of Key Players Profiled in the Report

• Aktieselskabet Schouw & Co. (Denmark)
• DuPont (U.S.)
• MITSUI CHEMICALS AMERICA, INC. (U.S.)
• Asahi Kasei Corporation (Japan)
• PFNonwovens Holding s.r.o. (Czech Republic)
• Toray Industries, Inc. (Japan)
• KOLON Industries, Inc. (South Korea)
• Berry Global Inc. (U.S.)
• Avgol Industries (Israel)
• RadiciGroup (Italy)

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Drivers & Restraints:

Increasing Demand for Disposable Personal Care Products to Drive Market Growth

The rising demand of technical textiles and personal care is expected to spur the demand. These unbroken filaments are used in the manufacturing of masks, gloves, bandages, and surgical gowns. The COVID -19 outbreak has increased demand for personal hygiene and thus people are inclined towards disposable masks and gloves. Additionally, companies are also supporting and manufacturing disposable and sustainable products to meet the growing consumer demand during the pandemic. These factors are expected to promote spunbond Nonwoven market growth during the forecast period.

However, the volatile raw material costs may impede market growth.

Regional Insights:

Asia Pacific Set to Dominate Market Backed by Increasing Population in Region

The Asia Pacific is expected to remain at the forefront and hold the largest position market during the forecast period. This is attributable to economic development and rising population in the region. This has increased demand for personal care & hygiene products. Furthermore, rapidly growing construction, automotive, and medical industries are also favoring the regional market. The region’s market stood at USD 5.44 billion in 2020.

North America is expected to showcase significant spunbond Nonwoven market share in the upcoming years. This is because there is a rise in the medical industry in the region. Additionally, people are more aware of the health and prevalence of diseases. This has led to increased spending on healthcare services and goods, which in turn is favoring the regional market.

Competitive Landscape:

Key Players to Focus on Collaborations & Partnerships to Strengthen their Market Prospectus

The global market for shore power has a large number of prominent companies that are constantly trying to develop unique solutions to cater to the demand from across the globe. To do so, they are joining hands with local or reputed firms, launching new solutions to strengthen their portfolio in the market. Below are the industry developments:

• March 2021 – The subsidiary of Schouw & Co, Fibertex Nonwovens invested around USD 47.82 million for capacity expansion in two company plants in the U.S. The company also aims to invest in Europe, Czech Republic, and Turkey for capacity expansion.

• May 2020 – Berry Global Group, Inc. made an announcement that it will invest USD 8 million to support the expansion of the spunmelt nonwoven capacity. The spunmelt nonwoven capacity will have an installation of new equipment for improving production lines to optimize production of in-demand spunmelt.

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US Surfactants Market Size, Share, Growth till 2029

 The latest study released on the US Surfactants Market by Fortune Business Insights™ evaluates the market size, share, trend, and forecast to 2029. The US Surfactants market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts, and other key people to have a ready-to-access and self-analyzed study to help understand market trends, and growth drivers, opportunities, and upcoming challenges and about the competitors.

Using SWOT analysis, the report examines market drivers and restraints, as well as their impact on demand during the predicted period. The US Surfactants report was created using the following criteria: market type, organization size, on-premises availability, and end-user organization type. North America, South America, Europe, Asia-Pacific, the Middle East, and Africa are among the regions examined for the market. By taking into consideration significant elements such as revenue, cost, and gross margin, this market research study provides a comprehensive overview of product specification, product type, production analysis, and technology. 

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Top Key Players are covered in the US Surfactants Market Report:

With the help of the competitive analysis included in this report, important tactics taken by leading competitors in the US Surfactants market can be simply studied. This will assist players in becoming more familiar with their hardest competitors’ moves in the US Surfactants industry.

• Akzonobel N.V (Arnhem, Netherlands)
• Clariant AG (Muttenz, Switzerland)
• BASF SE (Ludwigshafen, Japany)
• Kao Corporation (Tokyo, Japan)
• Evonik Industries AG (Essen, Japany)
• Lion Corporation (Tokyo, Japan)
• Solvay (Brussels, Belgium)
• Indorama Ventures Public Company Limited (Bangkok, Thailand)
• Ashland Holdings Inc. (Delaware, U.S.)
• Croda International Plc (Snaith, U.K.)
• Stepan Company (Illinois, U.S.)
• Dow Chemical Company (Michigan, U.S.)

Regional Analysis:

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (the United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Japany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

The Research covers the following objectives:

To study and analyze the US Surfactants consumption by key regions/countries, product type and, application, history data from 2016 to 2021, and forecast to 2029. Focuses on the key US Surfactants manufacturers, to define, describe and, analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analyses, SWOT analyses, and development plans in the next few years. To analyze the US Surfactants with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and, risks).

Key Questions Answered:

- How feasible is the US Surfactants market for long-term investment?
- What are influencing factors driving the demand for US Surfactants near future?
- What is the impact analysis of various factors in the US Surfactants market growth?
- What are the recent trends in the regional market and how successful they are?

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Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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Fortune Business Insights™ Pvt. Ltd.

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Maharashtra, India.

Phone:

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UK : +44 2071 939123

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Textile Chemicals Market 2021 (COVID-19 UPDATE) Future Challenges, Growth Statistics and Forecast to 2027

 The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.

The recent coronavirus outbreak has created a sense of panic across the world. This has led to a shutdown in major businesses across the world. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/textile-chemicals-market-103284 

Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.

Cost-reduction Needs have put Innovations to the Fore

The report encompasses several factors that have contributed to the growth of the overall textile chemicals market in recent years. Among all factors, the increasing number of product innovations driven by rising need for low-cost products will have a huge impact on the growth of the market. Several companies are focusing on manufacturing methods with the view to minimizing the total product cost. In October 2019, Huntsman Corporation, a leading textile chemical manufacturer, announced that it has launched a new dyeing auxiliary that will save the total cost of polyester dyeing. The company introduced ‘Eriopon E-3 SAVE’ dyeing; a product with the ability to shorten the dyeing cycle of the polyester. The product will combine pre-sourcing, reduction, and dyeing in a single bath. This will significantly reduce the time as well as the cost associated with the product. Huntsman’s latest product is not the only progress that the company has made and recent activities will help the company gain a formidable stand in the market.

Asia Pacific Likely to Emerge Dominant; Presence of Major Textile Manufacturers will Bode well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. Asia Pacific is the hub for leading textile manufacturers. The region is home to companies such as DIC Corporation, Sarex Chemicals, and Kiri Industries. The favorable climatic conditions have led to an ease of availability of raw materials in several countries across this region. As of 2019, the market in Asia Pacific was worth 1.55 billion and this value is projected to increase at a considerable pace in the coming years.

The market in North America will rise considerably driven by the rise of the textile industry in this region. The country is constantly engaging in developing efficient textile apparels for use in the defense sector as well as the healthcare industry.

List of companies profiled in the report:

• Archroma (Switzerland)
• Huntsman Corporation (USA)
• DIC Corporation (Japan)
• Kiri Industries Ltd. (India)
• Covestro AG (Germany)
• Omnova Solutions Inc. (USA)
• Lubrizol Corporation (USA)
• Solvay S.A. (Belgium)
• Evonik Industries (Germany)
• Tanatext Chemicals (Netherlands)
• Rudolf GmbH (Germany)
• NICCA Chemical Co. Ltd. (Japan)
• Kemin Industries Inc. (USA)
• JINTEX Ltd. (Taiwan)
• Sarex Chemicals (India)

Industry Developments:

• March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.

Optical Coatings Market Demand, In-depth Analysis And Estimated Forecast Till 2029 | Reinforced Growth of Telecommunication Industry to Push the Market Growth

 The global optical coating market size was USD 12.01 billion in 2020. The market is expected to grow from USD 13.04 billion in 2021 to USD 22.57 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Optical Coating Market, 2021-2028.” According to our researchers, the market is projected to inflate owing to the latest technological progressions in the field of optical deposition methods and fabrication, along with increasing demand for dominant optical products in end-use applications. Additionally, numerous industry players put in efforts on R&D to advance their coating procedures and supplies in order to deliver high-performance optical coverings, and this is estimated to drive the market growth in the near future.

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Report Coverage

The report presents an orderly study of the market segments and a thorough analysis of the market overview. A considerate assessment of the current market trends and the impending opportunities are offered in the report. Additionally, it grants a meticulous analysis of the regional dynamics and how they contribute to the market growth. The COVID-19 impacts have been discussed in the report to support stockholders and business owners with a clear understanding of the prevailing risks in the market. The report further discusses the key players and their noticeable strategies to stay in the leading position.

Segmentation

On the basis of product, the market is categorized into anti-reflective coatings, reflective coatings, filter coatings, conductive coatings, electrochromic coatings, and others. In terms of region, the market is further segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Based on the end-use industry, the market is segmented into consumer electronics, telecommunication, medical, transportation, aerospace & defense, and others. Consumer electronics is predicted to be responsible for the chief optical coating market share and continue to steer the market during the given timeframe. It stood at 51.0% and 49.3% in terms of share globally and in the U.S., respectively.

Drivers and Restraints

Reinforced Growth of Telecommunication Industry to Push the Market Growth

The connectivity of the universal economy is grounded on speech and data broadcast. Association between continents has become more dynamic owing to the prompt growth of optical fiber systems. The drastic growth of the optical industry is also driven by the usage of the internet. The optical coating may be functional in various gadgets or an optical aspect to value-added products such as lenses. Several optical components can be bulk-produced and layered together, dropping costs and escalating profitable incomes for the coating industry.

Compound filters are utilized to observe the signal transmission of optical fiber links. Multi-layer thin-film piles also extended the bandwidth of optical fiber supply in the communications segment. The telecom industry is projected to be the quickest-growing market for coating usage. Numerous layers and very minute particles make up thin-film filters. Regardless of the restricted production capacity, they create high-profit market prices. The proficiency ideals for thin-film optical filters have augmented intensely in reply to the demands of the optical communications industry.

Regional Insights

Surging Population and High Demand for Cell Phones to Boost Growth in Asia Pacific

The market size in Asia Pacific stood at USD 5.48 billion in 2020. The regional market is expected to be driven by an increasing population and rising demand for consumer electronics such as laptops, cameras, cell phones, video game consoles, LED TVs, and personal computers.

The need for non-toxic and environmentally friendly coatings materials in semiconductor and circuit assembly, sensor applications, laser systems, and aerospace applications has fuelled the optical coating market growth in North America.

In the telecommunications industry, Europe has the most liberalization, privatization, and competition. Because of the increasing use of these coatings in car windows, automobile displays, and headlamps, the region is expected to witness steady growth in the market.

Competitive Landscape

Key Companies Focus on Introducing Novel Products to Gain Competitive Edge

Key players in the market for optical coatings are often seen launching products at mega-events in order to reach every user of the globe and extend their brand recognition. For example, in May 2019, PPG Industries, Inc. announced that they are participating in the SID Display Week 2019. They presented the complete series of advanced conductive and translucent operational coatings for display glass and plastic substrates at the event.

List of Key Players Covered in this Market Report

• Jenoptik (Jena, Germany)
• SCHOTT (Mainz, Germany)
• Optimax Systems, Inc. (New York, U.S.)
• Surface Optics Corporation (California, U.S.)
• GELEST, INC. (Pennsylvania, U.S.)
• Materion Corporation (Ohio, U.S.)
• VAMPIRE OPTICAL COATINGS (Ohio, U.S.)
• Optics Balzers AG (Liechtenstein, Germany)
• VIAVI Solutions Inc. (California, U.S.)
• PPG Industries, Inc. (Pennsylvania, U.S.)
• DuPont (Delaware, U.S.)
• ZEISS International (Oberkochen, Germany)
• Nippon Sheet Glass Co., Ltd (Tokyo, Japan)
• Newport Corporation (California, U.S.)

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