US Chemical News

Friday, September 30, 2022

Curing Adhesives Market Trends, Segmentation, Regional Analysis, Industry Growth Forecast – 2029 | Drastic Downturn in Automotive Manufacturing amid COVID-19 to Stall Market Growth

The global curing adhesives market size is expected to steadily expand in the coming years on account of exponential growth of the construction industry, states Fortune Business Insights™ in its report, A recent study by Oxford Economics and Global Construction Perspectives projects that world construction output in terms of value will reach USD 15.5 trillion 2030, soaring at a rate of 85%. More than half of this increase will be seen in China, the US, and India, the study reports. Curing adhesives are non-metallic compounds that have the property of joining different objects to surfaces permanently. Their main advantage lies in their ability to bind dissimilar materials together, efficiently distribute stress across joints, cost-effectiveness, and flexibility of design and application. Strong agents are required in construction to hold numerous joints and surfaces together, and curing adhesives have been proven to perform this function with high efficacy and efficiency.

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Highlights of the Report:

360-degree examination of the market trends, drivers, and restraints;
Holistic analysis of the market segments;
Exhaustive study of the regional developments impacting market dynamics; and
Comprehensive profiling and detailed assessment of the industry key players and their dominant strategies.

Market Restraint

Drastic Downturn in Automotive Manufacturing amid COVID-19 to Stall Market Growth

Curing adhesives are extensively utilized in the automotive industry for providing superior binding strength for similar and dissimilar substrates. However, the COVID-19 pandemic has severely hampered vehicle production as workforce restrictions have forced companies to operate on limited capacity. Moreover, sharp contraction in demand for automobiles has compelled many carmakers to shut down plants. For example, Fiat Chrysler announced closure of its plants in Italy, Poland, and Serbia, while Volkswagen shut down its plants in Italy and Spain. Several companies in the automotive industry have been pushed into financial doldrums by the pandemic. Toyota Motors, for instance, reported its lowest quarterly profit in nearly nine years in August 2020. In the UK, on the other hand, Jaguar Land Rover entered into talks with the UK government for a possible bailout of the company amid the coronavirus crisis. Thus, with the automakers confronting multiple shocks generated by the coronavirus, the adoption of curing adhesives and the growth of the market will inevitably get hampered in the present scenario.

Regional Insights

Asia Pacific to Lead the Pack; North America & Europe to Register Stable Growth

Geographically, Asia Pacific is expected to dominate the curing adhesives market growth in the forthcoming years mainly as a result of the rapid growth and development of the automotive and construction industries, primarily in India and China. Promising expansion of the electrical & electronics industry will further boost the regional market growth.

In North America and Europe, research and development of polymer technologies will create lucrative opportunities for the market players. In addition, increasing demand for lightweight, electric vehicles will open new avenues of expansion for the market. Availability of raw materials will be the primary growth driver for the market in Latin America.

Competitive Landscape

Key Players to Concentrate on Diversifying Operations & Launching Novel Solutions

The prominent strategy adopted by the key players in this market is the implementation of measures to diversify their regional and global operations. This is enabling these companies to broaden their businesses and carve a niche space in this burgeoning market. Many other companies, on the other hand, are focused on developing and launching novel adhesive solutions for various end-users.

Industry Developments:

August 2020: Henkel Adhesive Technologies began the construction of a new, state-of-the-art plant in North Carolina for the production of UV-curable acrylic pressure sensitive adhesives. Intended to be completed by 2021, the facility will allow Henkel to develop sustainable adhesives for the graphic films, medical, label, tape markets in the US.
January 2020: Techsil released an innovative, orange-fluorescent UV curing adhesive for bonding plastics called Vitralit 7311 FO. Manufactured by Panacol, the product is an acrylic adhesive that offers bond strength for several plastics, including PVC and PC as well as stainless steel and glass.

List of Key Companies Profiled in the Curing Adhesives Market Report:

Sika
B. Fuller
Tosoh
Dymax Corporation
3M Company
Henkel AG & Co.
Arkema Group
Jowat SE
Dow Corning
Bostik SA

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Cement Market Share, Size, Expected Growth Opportunities and Forecast by 2027 | Know the Russia Ukraine Impact On Cement Industry in US

The global cement market is projected to grow from USD 326.80 billion in 2021 to USD 458.64 billion in 2028. Nowadays, surging concerns of pollution are compelling governments of various countries to put forward norms to encourage companies to use carbon-negative manufacturing techniques. The United Nations Environment Program (UNEP), for instance, urges the utilization and production of new cement-based products that are both affordable and eco-friendly. Fortune Business Insights™ published this information in a report, titled, “Cement Market Size, Share & COVID-19 Impact Analysis, By Type (Portland, Blended, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2021-2028.” The report further states that the market stood at USD 313.60 billion in 2020. It is set to exhibit a CAGR of 5.1% during the forecast period in 2021-2028.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Cement Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Cement Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity.

JK Cement Ltd. Unveiled New Grey Cement Grinding Unit in Gujarat

In October 2020, JK Cement Ltd., a renowned building material company based in India introduced its new grey cement grinding unit in Gujarat’s Balasinor. It will have a production capacity of 0.7 mtpa. It will be developed in an area of eight hectares and will cost Rs. 200 crores. As per a company official, “This plant will help in providing access to high-quality product to customers and create more employment opportunities for local people.”

Increasing Demand for Blocks, Panels, and Roof Tiles to Drive Growth

The need for urbanizations has surged rapidly owing to the requirement of a better quality of life and more career opportunities. Hence, regulatory bodies are constantly taking numerous initiatives to support infrastructure and construction activities, especially in developing nations. At the same time, the demand for precast products, such as roof tiles, panels, and blocks would propel the consumption of cement. However, the high amount of pollution created by the production of the material may hamper the market growth.

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Key Companies Aim to Broaden Geographic Presence by Entering Asia Pacific Market

The market has a diversified structure on account of the presence of several renowned companies across the globe. Companies situated in Europe and North America are striving persistently to expand their geographic footprint by entering Asia Pacific. A few others are investing hefty amounts to expand their production capacities to fulfil the unmet needs of people.

A Notable Industry Development-

December 2020: HeidelbergCement is planning to initiate the Brevik carbon capture and storage (CCS) project after the Norwegian parliament approved investments. This would enable the transportation for permanent storage and capture of 400,000 tonnes of carbon dioxide every year. It will be the first industrial-scale project in the world.

Fortune Business Insights™ presents a list of companies operating in the global market. They are as follows:

CEMEX (Mexico)
HeidelbergCement (Germany)
InterCement (Brazil)
LafargeHolcim (Switzerland)
CRH plc (Ireland)
The Siam Cement Group (Thailand)
Titan Cement Company S.A. (Greece)
Aditya Birla Ultratech (India)
Votorantim Cimentos (Brazil)
Buzzi Unicem S.p.A. (Italy)
Mitsubishi Cement Corporation (U.S.)
Argos USA Corporation (U.S.)
CNBM International Corporation (China)
Taiheiyo Cement Corporation (Japan)
Drake Cement LLC (U.S.)

Further Report Findings-

In 2020, Asia Pacific held USD 220.69 billion in terms of revenue and is likely to lead in the upcoming years. China is set to be the major growth contributor as it is the largest consumer and producer of cement worldwide.
The Middle East & Africa would exhibit substantial growth on account of the high demand for the product owing to the surging infrastructural activities. Also, oil exploration and mining activities in the region would drive growth.
Based on applications, the residential segment generated 3% in terms of the cement market share in 2020. The non-residential segment, on the other hand, is set to dominate in the near future stoked by the high demand for the product from various applications, such as the development of industrial buildings, dams, stadiums, roads, transportation hubs, and commercial complexes.

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US Natural Stone and Marble Market Report estimates upfront data and statistics that make the report

In a recently published report by Fortune Business Insights™, titled, "US Natural Stone and Marble Market Report 2022", the analysts have provided an in-depth overview of the US Natural Stone and Marble Market. The report is an all-inclusive research study of the US Natural Stone and Marble market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The US Natural Stone and Marble market size was valued at USD 48.80 billion in 2021. The market size is expected to rise from USD 51.76 billion in 2022 to USD 68.06 billion by 2029 at a CAGR of 4.0% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, “US Natural Stone and Marble Market, 2022-2029″. According to the report. The market is expected to rise during the projected period due to increasing demand for natural stones for decorative applications.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the market. The study assesses the market size of the industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Natural Stone and Marble Market Report:

Top companies covered are CUPA Group (Spain), Southland Stone USA, Inc. (USA), Polycor Inc. (Canada), MARGRAF (Italy), Dermitzakis Bros S.A. (Greece), Dimpomar (Portugal), Xishi Stone Group (China), Temmer Marble(Turkey), RANAMAR (Turkey), Levantina y Asociados de Minerales, S.A. (Spain), Antolini Luigi & C. S.p.A. (Italy), Aro Granite Industries Ltd. (India), and more players profiled.

Most Important Features in this Report:

1. Detailed market study of the US Natural Stone and Marble market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Natural Stone and Marble Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the US Natural Stone and Marble Market:

The US Natural Stone and Marble research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Natural Stone and Marble Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Natural Stone and Marble Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Natural Stone and Marble Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global US Natural Stone and Marble Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Email: sales@fortunebusinessinsights.com

Thursday, September 29, 2022

US Esterquats Market Overview Analysis, Opportunities and Segments and Growth by 2029 | Rapid Growth in Urban Areas to Generate Several Opportunities

The global esterquats market size is anticipated to expand at an unvarying pace in the forthcoming years on account of the mounting concerns surrounding the health and environmental effects of household products, observes Fortune Business Insights™ in its report, titled “Esterquats Market Size, Share & Industry Analysis, By Form (Dry, Liquid), By Application (Personal Care products, Fabric Care Products, Home Care Products, Industrial, Others) and Regional Forecast, 2022-2029

Highlights of the Report:

Detailed evaluation of the various market drivers and trends;
Tangible analysis of the challenges facing the market;
Precise computation of market values and figures;
Comprehensive segmentation of the market; and
Microscopic study of the competitive milieu and regional prospects of the market.

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Market Driver

Rapid Growth in Urban Areas to Generate Several Opportunities

One of the most prominent forces propelling the esterquats market growth is the rapid expansion of urban areas. As per recent data from the United Nations (UN), urban sprawls will house nearly 70% of the global population by 2050, with 90% of this rise expected to occur in Asian and African countries. The UN predicts that India, China, and Nigeria alone would account for 35% of this growth in urban areas. Personal and home care products, where esterquats are primarily utilized, experience surging demand and sales in cities and large towns as populations in these spaces have higher disposable incomes and easier access to such products. More importantly, awareness about the harmful effects of chemical-infused products on the environment and human health is steadily spreading among urban dwellers. As a result, there is now a growing inclination towards household products that can be disposed of in an eco-friendly, which is creating new avenues for this market to expand.

Regional Insights

Rising Consumption of Personal Care Items to Accelerate Growth in Asia Pacific

Among regions, Asia Pacific is expected to dominate the esterquats market share in the foreseeable future owing to increasing demand and consumption of different personal care items in the region. Additionally, consumers in the region are becoming more aware of the ingredients used for making such items and are thus preferring more environment-friendly products.

In North America, the prospects for the market appear bright on account of growing demand for detergents containing fabric softeners, especially distilled liquid fabric softeners. The market in Europe, on the other hand, is expected to be driven by the stringent regulations imposed by the EU on manufacturing and use of non-biodegradable household products.

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Competitive Landscape

Key Players to Concentrate on Deepening & Expanding Operational Capacities

In a bid to gain a definitive edge in the competition, key players in this market are adopting strategies to deepen their footprint in the market as well as expand their regional and international operational capacities. To achieve these ends, some companies are collaborating with competitors and other entities to amplify their reach, while some companies are focused on diversifying their portfolio through increased investments in R&D.

Industry Developments:

June 2019: Kao Specialties Americas announced the expansion of its satellite sales office in Houston, Texas with a view to further entrench the company’s position in the thriving US chemical industry. The company also intends to increase its workforce to bolster its operations across North America.
January 2019: Univar B.V. was appointed by Kao Chemicals as its exclusive distributor in Spain and Portugal. Under the agreement, Univar and Kao will boost their cleaning product offerings for home and industrial applications as well as for the beauty and personal care domains.

List of Key Companies Profiled in the Esterquats Market Report:

Kao Chemicals
Dow Chemicals
Evonik Industries
Chemelco International
P&G
Italmatch Chemicals
Berkshire Hathaway Inc.
Solvay Group
Colgate-Palmolive
AkzoNobel

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Paints Coatings Additives Market Revenue In US| Paints Coatings Additives Industry Future Growth, Trends and Top Key Players

According to Fortune Business Insights The global paints & coatings additives market size is expected to reach USD 12,659.4 million by 2027, while exhibiting a CAGR of 5.9% between 2020 and 2027. This is attributable to the surging demand for advanced paints & coatings additives owing to the increasing residential projects and the rising automotive sector across the globe. This information is published by Fortune Business Insights, in its latest report, the report further mentions that the market stood at USD USD 8,299.7 million in 2019.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Paints Coatings Additives Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Paints Coatings Additives Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

Temporary Halt to Painting & Coating Activities amid COVID-19

The global lockdown imposed by the government agencies has affected the painting and coating applications across the globe. To curb the widespread of the disease, the workers are following regulations that include quarantine and social distancing norms. This has hindered the global market for paints & coatings additives to some extent. However, the pandemic has escalated several DIY projects, wherein, the people confined to their home spaces are taking up painting and coating activities to improve the aesthetic look of their living rooms. This will favor the market growth in the near future.

Paints and coatings additives consist of emulsifiers, pigments, curing catalysts, thickeners, and dispersants, among others. These additives are extensively adopted to enhance the inherent properties such as good leveling and flow, UV protection, high-temperature stability, and chemical resistance. This makes them an ideal choice for applications across automotive and construction sectors globally.

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 Focus on Development of Residential Sector to Augment Growth

The novel coronavirus has hampered the painting and coating applications across the globe. However, the growing do-it-yourself projects undertaken by the people to decorate their homes are driving the demand for paints and coatings additives. These additives are extensively adopted as emulsifiers, dispersants, thickeners, photo-stabilizers, and leveling agents as they provide efficient corrosion protection for infrastructures. Additionally, they improve the overall shelf life of coatings and increase the substrate durability. Owing to their several benefits, the surging adoption of advanced additives is expected to boost the global paints & coatings additives market growth during the forecast period.

SEGMENTATION

Automotive Segment Held 7.6% Market Share in 2019

The automotive segment, based on application, held a market share of about 7.6% in 2019 and is projected to experience a considerable growth during the forecast period. This is ascribable to the growing demand for automotive that propel the demand for advanced paints & coatings additives across the globe. These additives are beneficial in providing surface protection and texture enhancement in automobiles.

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Wednesday, September 28, 2022

US Caps & Closures Market exhibiting a CAGR of 5.52%

In a recently published report by Fortune Business Insights™, titled, "US Caps & Closures Market Report 2022", the analysts have provided an in-depth overview of the US Caps & Closures Market. The report is an all-inclusive research study of the US Caps & Closures market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global US Caps & Closures market size is predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for US Caps & Closures during the forecast period. According to the Fortune Business Insights in a report, titled “US Caps & Closures Market Size, Share and Industry Analysis, and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the US Caps & Closures market in the forthcoming years.

Key Players in the US Caps & Closures Market Report:

Top 5 companies profiled in Closure Systems International, Inc. , Silgan Closures GmbH , Crown Holdings , Pact Group Holdings , Berry Plastics Corporation , Alpha Packaging , Amcor plc , and more players profiled in US Caps & Closures Market research report..

Most Important Features in this Report:

1. Detailed market study of the US Caps & Closures market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Caps & Closures Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the US Caps & Closures Market:

The US Caps & Closures research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Caps & Closures Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Caps & Closures Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Caps & Closures Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global US Caps & Closures Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Contact Us:

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Sodium Sulfate Market Size, Analysis, Share, Research, Business Growth and Forecast to 2029 | Increasing Demand in Construction Applications to Stimulate Growth

The global sodium sulfate market size is expected to gain momentum owing to the increasing demand from the industrial sector during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Sodium Sulfate Market, 2022-2029.” It is an inorganic substance that appears white. It comes in the form of an electrostatically coupled ionic sulfate that is extremely water-soluble in solid form. Chemical methods and naturally occurring processes can create it. It is widely utilized in the production of various chemicals, household laundry detergents, and paper pulping processes.

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List of Key Players Profiled in the Global Market for Sodium Sulfate:

Sigma-Aldrich Co.
The Aditya Birla Group
Borden & Remington Corp
Intersac
Godavari Biorefineries Ltd
Ecobat Technologies Ltd

Segments-

By type, the market is segmented into pills and powder. On the basis of application, the market is segregated into pharmaceuticals, chemicals, textile, paper, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What does the Report Offer?

The market report offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic.

Drivers & Restraints-

Increasing Demand in Construction Applications to Stimulate Growth

The global sodium sulfate market growth is expected to grow due to the increased production of chemicals during the projected period. In the glass industry, sodium sulfate is used as a fining agent, which helps in the removal of microscopic air bubbles from molten glass. Glass is in high demand due to the rising construction industry, especially in modern structures where it is employed extensively in exteriors instead of traditional bricks and cement. Increasing demand for glass in construction projects in developed nations and investments in developing countries in the coming future.

REGIONAL INSIGHTS

Increasing Demand for Exports to Promote Growth in Europe

Europe is expected to hold the largest global sodium sulfate market share during the forecast period. The increasing demand for sodium sulfate-containing goods, particularly for pulp and paper production, is the major contributing factor in the region.

North America is expected to have a sizable share of the market. The rising technical breakthroughs and uses in new technological developments such as solar energy are expected to support market expansion in the region.

Competitive Landscape-

Manufacturers Focus on R&D Investments to Strengthen their Position

The suppliers are looking for acquisition and regional growth plans to have a stronger footing. However, brand awareness and strong marketing make it difficult for new entrants into this area. To strengthen their position in the industry, they have implemented a variety of methods such as partnership, expansion, collaboration, joint ventures.

Industry Development-

February 2021: Lenzing launched TENCEL modal fibre with Indigo Color Technology and to improve the company's product options for the denim industry, which is predicted to develop in the coming years.

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