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The report "Synthetic Fuels Market by Fuel Type (Methanol to liquid (MTL), Power to liquid (PTL), Gas to liquid (GTL)), Application (Gasoline, Diesel, Kerosene), End Use (Transportation, Industrial, Chemical), and Region - Global Forecast to 2030", is projected to grow from USD 48.4 billion in 2023 to USD 70.1 billion by 2030, at a CAGR of 5.4%. The synthetic fuels sector is a rapidly evolving industry that holds increasing significance within the global energy arena. Enhanced global apprehension regarding greenhouse gas emissions and climate change has spurred a heightened attraction towards synthetic fuels as a more environmentally friendly energy option.
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147 – Tables
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196 – Pages
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By fuel type, the methanol to liquid segment is estimated to be the largest segment of synthetic fuels market in 2023.
The methanol to liquid segment, by fuel type, is estimated to be the largest market in 2023. Methanol, obtained from sources like natural gas and biomass, is a clean-burning, high-octane fuel component, facilitating more complete combustion. The versatility of MTL fuel across transportation and power generation sectors contributes significantly to its prominence, making it a crucial driver in the growth of the synthetic fuels market.
By end use, the industrial segment is projected to be the second-fastest growing segment of synthetic fuels market during forecast period.
The industrial segment ranks as the second fastest-growing sector in the synthetic fuels market, primarily due to the imperative for manufacturing, power generation, and heat generation facilities to embrace eco-friendly and efficient fuel systems. Stringent carbon emission regulations in Europe and North America drive this adoption. Synthetic fuels play a pivotal role in generating electricity and heat within industrial power plants, furnaces, and boilers. They are also employed in gas turbines and diesel engines to produce energy for industrial processes. Notably, synthetic fuels contribute significantly to Carbon Capture and Utilization (CCU) strategies, where CO2 emissions from industrial activities are captured and transformed into synthetic fuels, reducing net emissions.
By application, the diesel segment is projected to account for the largest market share of synthetic fuels market between 2023 and 2030.
The diesel segment is expected to be the largest application of synthetic fuels. Its growth is driven by increasing interest in carbon-neutral synthetic diesel, produced using renewable energy sources and carbon capture and utilization (CCU) technologies. Synthetic diesel finds applications in heavy-duty transportation, shipping, and off-road vehicles, especially in situations where electrification is challenging. It can be blended with additives like cetane improvers and lubricity enhancers for enhanced performance and regulatory compliance. Synthetic diesel also boasts a lower sulfur content compared to conventional diesel, contributing to reduced sulfur emissions and air pollution, thus bolstering demand and promoting overall synthetic fuels market expansion.
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By region, North America is estimated to account for the fastest-growing segment of synthetic fuels market during 2023 to 2030.
North America is the fastest-growing segment of the synthetic fuels market due to a enhanced focus on carbon emissions reduction and sustainability objectives. This region is witnessing a surge in interest in synthetic fuels, particularly those derived from renewable sources, driven by government initiatives like carbon pricing and emissions reduction targets, therefore the demand for synthetic fuels is expected to grow in the region.
Synthetic Fuels Market Key Players
The major players operating in the synthetic fuels market include Shell (UK), SASOL (South Africa), CHN Energy Investment Group Co., Ltd. (China), Chevron Renewable Energy Group (US), ExxonMobil Corporation (US), TotalEnergies (France), Neste (Finland), Petro SA (South Africa), Linde Engineering (Ireland), Synthesis Energy Systems, Inc. (US), Dakota Gasification Company (US), TOPSOE (Denmark), MaireTecnimont S.p.A. (Italy), Sunfire GmbH (Germany), RWE (Germany), QatarEnergy (Qatar), and Inner Mongolia Yital Coal Co., Ltd. (China), among others.
Shell
Shell is a British multinational oil and gas company with operations in over 99 countries and around 44,000 service stations worldwide. The Business segments of Shell are as follows integrated gas, upstream, marketing, chemicals, and products, renewable and energy solutions & corporate. It is vertically integrated and active in every area of the oil and gas industry, including exploration, production, refining, transport, distribution, and marketing, petrochemicals, power generation, and trading. Shell is the second largest investor-owned oil and gas company globally and specializes in the management of oil and gas resources. The company has manufacturing plants across Durban, Canada, Texas, China, Malaysia, Singapore, Germany, Netherlands, the UK, and Qatar.
SASOL
SASOL operates as an international integrated chemicals and energy company. Its operations include commercializing technologies and developing a wide range of products, such as liquid fuels, chemicals, and low-carbon electricity. The company operates through Energy business (mining, gas, fuel) & Chemicals (Africa, America, Eurasia). SASOL bifurcates these business segments into two units, namely, strategic business units and operating business units. Strategic business units include energy, base chemicals, performance chemicals, and group functions, whereas operation business units include mining as well as exploration & production.
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CHN Energy Investment Group Co., Ltd.
CHN Energy Investment Group Co., Ltd. is a Chinese company that provides products and services of whole industrial chains including coal, electric power, transportation, and chemical industry. With the approval of the CPC Central Committee and the State Council, CHN Energy Investment Group (CHN Energy) was formally established, following the merger of China Guodian Corporation and Shenhua Group. Shenhua Ningxia Coal Industry Group Co., Ltd., a subsidiary of CHN Energy Investment Group, was formerly known as National Energy Group Ningxia Coal Industry Co., Ltd. The company has expertise in coal-based power generation and transmission, alongside the production of ammonia, ethanol, and sulfur-based chemical products. Its corporate headquarters is in Yinchuan, Ningxia, China. It is the world's largest company in coal mining, thermal power, wind power, and coal-to-liquids industry. The company operates in 31 provinces, autonomous regions, and municipalities across China, as well as more than 10 countries and regions including the US and Canada.
Chevron Renewable Energy Group
Chevron Renewable Energy Group is a business segment of Chevron Corporation that focuses on growing Chevron's portfolio of lower carbon fuels and developing new ones. The group was formed after Chevron completed its acquisition of Renewable Energy Group (REG) in June 2022. Chevron Renewable Energy Group is now one of the biggest bio-based diesel manufacturers by volume in the US. Chevron Renewable Energy Group combines REG's feedstock aggregation capabilities with Chevron's fuel distribution network to be a leader in the alternative fuels space. The group serves the transportation industry and offers cost-effective, lower carbon solutions that utilize today's fleets and infrastructure.
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ExxonMobil Corporation
ExxonMobil Corporation, is one of a prominent multinational energy company which is a result of the merger between Exxon Corporation and Mobil Corporation. ExxonMobil Corporation is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and petroleum products. The company operates through four business segments, namely, upstream, energy products, chemical products, and specialty products. The company has a significant presence in North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region. ExxonMobil serves a diverse range of industries with its products, such as fuels, lubricants, and aviation products cater to the transportation sector, including automotive, aviation, and marine industries, vital raw materials for manufacturing plastics, packaging, and other industrial processes, it also plays a pivotal role in the energy production sector by manufacturing and distributing oil and natural gas petrochemical products are used in various industries for manufacturing goods like plastics and synthetic fibers, products for the agricultural sector, such as lubricants and fuels for agricultural machinery and processes.
The report "Oxygen Scavenger Market by Type (Inorganic oxygen scavengers, Organic oxygen scavengers), by End-use Industry (Food &Beverage, Pharmaceutical, Power, Oil &Gas, Chemical, Pulp & paper), and Region - Global Forecast to 2026" The global oxygen scavenger market size is projected to reach USD 2.9 billion by 2026 from USD 2.2 billion in 2021, at a CAGR of 5.5% during the forecast period. The report covers oxygen scavenger market size, recent trends, growth projections, market share, and development status. The growing demand for oxygen scavenger from the processed food sector is driving the market. Also, increasing awareness around reducing food wastage due to unhygenic and improper packaging are also driving the oxygen scavenger market. The increase in demand for industrial process water from various industries such as food & beverage, power, oil & gas, chemical, and pulp & paper and growth in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market.
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Browse 220 market data Tables and 45 Figures spread through 224 Pages and in-depth TOC on "Oxygen Scavenger Market by Type (Inorganic oxygen scavengers, Organic oxygen scavengers), by End-use Industry (Food &Beverage, Pharmaceutical, Power, Oil &Gas, Chemical, Pulp & paper), and Region - Global Forecast to 2026"
Based on type, inorganic oxygen scavengers is estimated to be the largest market in the overall oxygen scavenger market in 2021.
Inorganic oxygen scavengers are widely used in food & beverage industry. The inorganic oxygen scavengers segment is the largest, which is projected to continue till 2026. The key growth driver of the high consumption of these oxygen scavengers is their use by the food & beverage industry in packaging applications to achieve better quality and longer shelf life. Inorganic oxygen scavengers are also used in water handling equipments such as boiler water systems, and feedwater systems for reducing dissolved oxygen for safeguarding equipments from corrosion.
Based on end-use industry, food & beverage is expected to be the largest oxygen scavenger segment in 2021.
Food & beverage is the largest end-use industry of the oxygen scavengers market owing to the increased demand for better quality packaged food items, growth in demand for convenient foods, reduction in food wastage, and increasing urbanization in the emerging economies. These chemicals keep the processed foods fresh for a longer time and increase the shelf life of the products. In addition, the rise in income levels and the growth of the middle-class population are also driving demand for oxygen scavengers in the food & beverage industry.
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Based on region, APAC is projected to grow the fastest in the oxygen scavenger market during the forecast period.
APAC is the fastest-growing market for oxygen scavengers. This is mainly credited to emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where consumption for packaged and convenient food products are growing annually. Additionally, increase in population and growing urbanization rate are also driving the market for quality processed food products and boosting oxygen scavenger consumption. In addition, progress in industrialization, increasing demand due to changing demographics, such as improving living standards, rising disposable incomes, and government initiatives to attract business investments in industries such as power, oil & gas, and chemical are also driving the market for oxygen scavengers in the region.
Oxygen Scavenger Market Key Players
The key players in the oxygen scavenger market include Mitsubishi Gas Chemical Company, Inc. (Japan), BASF SE (Germany), Clariant AG (Switzerland), Ecolab Inc. (US), SUEZ Water Technologies & Solutions (US), Accepta (UK), and Arkema Group (France). These players have established a strong foothold in the market by adopting strategies, such as new product launches, and mergers & acquisitions.
Mitsubishi Gas Chemical Company, Inc. is one of the largest producers of oxygen scavengers globally. It caters to the needs of various industries such as automobiles, electronics, life sciences, environment, and pharmaceuticals. The company has its manufacturing facilities in Japan, America, Singapore, Thailand, and Europe and has three R&D facilities in Japan. Mitsubishi Gas Chemical Company, Inc. has a strong emphasis on R&D. The company is well focused on research and development and has three R&D centers in Japan. The R&D efforts create high-end solutions critical to the functionality of water purification systems, boilers, and other equipment. The company intends to cater to the needs of customers by increasing customization to enhance its product portfolio. The company has focused on marketing and sales of its existing product portfolio, used by the pharmaceuticals, clothing, medical devices industries. The company plans to increase its geographical foothold by increasing product sales in untapped markets in the oxygen scavenger market.
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BASF SE is a leading player in the chemical industry. BASF SE has manufacturing facilities in Geismar, Freeport, Ludwigshafen, Antwerp, Kuantan, and Nanjing. BASF SE has a strong foothold in Europe and offers a comprehensive product portfolio through the PuriStar series for industrial usage. The company is enhancing its R&D capability to increase growth in its oxygen scavenger business. The company is also focusing on less captured regions such as APAC and North America. BASF SE has focused on launching new products to capture the global oxygen scavenger market. The company emphasizes R&D and has invested significant amounts in R&D activities. The company is currently focusing on improving its growth by continually evolving its business portfolio and offering high value to the market.
The report "Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry, and Region - Global Forecast to 2028", size is expected to witness a CAGR of 10.8% and is 108.8 USD billion in 2023 and is estimated to reach 181.7 USD billion by 2028. The report covers composites market size, recent trends, growth projections, market share, and development status. Demand for composites is expected to to grow due to the increase in the demand for high performance materials with properties such as high strength to weight ratio, good tensile strength, and electrical conductivity among others.
Browse 487 market data Tables and 97 Figures spread through 499 Pages and in-depth TOC on "Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry, and Region - Global Forecast to 2028"
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Drivers: Stringent eco-friendly regulations in automotive applicationsOne important factor in the production of automobiles is the better strength-to-weight ratio that composites offer. Automobiles with robust construction but low weight provide better mileage and fuel economy. When compared to traditional materials such as steel and aluminum, composites provide significant weight savings of 25% to 70% in the production of car bodies. A mere 10% reduction in the weight of the vehicle yields a 5% improvement in fuel efficiency. Compared to steel, carbon fiber can achieve a 30% gain in fuel efficiency. Strict laws, like the US government's required Corporate Average Fuel Efficiency (CAFE) criteria, are what propel the automobile industry. Because the transportation industry contributes significantly to greenhouse gas emissions, US automakers are required to meet these standards. As a result, there has been a noticeable shift in the manufacturing of lightweight cars to comply with CAFE standards, which call for 36.6 mpg by 2017 and 54.5 mpg by 2025. To reduce greenhouse gas emissions, this endeavor has sparked the development of electric and lightweight, fuel-efficient vehicles. Because carbon fiber composites can reduce diameter, eliminate joints, and sustain greater critical rotations, they are especially sought after for use in automobile engine propeller shafts. The key driver driving the growth of the composites industry is consumers' growing preference for lightweight and fuel-efficient automobiles. Doors, roof panels, windows, headrest back panels, seats, luggage bins, cooling ventilators, and braking materials for luxury and racing cars are a few notable automobile applications for composite materials.
Glass fiber composites segment has the largest market share in composites market, in terms of value and volume.
In the composites market, glass fiber composites account for a significant share of volume and value. Glass-based composites have many benefits, including strength, flexibility, stability, durability, lightweight design, and resistance to heat, moisture, and temperature changes. Numerous industries, including building, wind energy, pipelines and tanks, maritime, and transportation, use these glass fiber composites. Glass fibers are used in many parts of the transportation industry, including underbody structures, deck lids, front-end components, bumper beams, engine covers, instrument panels, and ventilation systems. Furthermore, thermoset composites are anticipated to have the most market share in the global composites market during the next five years.
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Thermoset resin segment to be the largest segment in composites market in 2022.
Thermoset resins are used as a matrix to join fibers, including glass, carbon, and other types of fibers, therefore binding all the fibers together to form strong composite materials. Thermoset resins provide a clear benefit for wider use in composite manufacturing since they stay liquid at room temperature prior to curing. Reinforcing fibers can be conveniently impregnated thanks to this special characteristic. Furthermore, thermoset composites are extremely durable due to their inert chemical composition, stiff interlinking molecular structure, and resistance to chemical and UV deterioration. The upkeep required for structures made of thermoset composites is very modest.
Filament Winding process is the fastest growing manufacturing process for composites.
The filament winding process in composites manufacturing is experiencing a significant surge in demand, marked by high Compound Annual Growth Rate (CAGR). This technique involves applying continuous fibers like carbon or glass onto a rotating mandrel in a predetermined pattern. The composite structures that are produced have exceptional strength-to-weight ratios, resistance to corrosion, and longevity, which makes them appropriate for use in a variety of industries. Its significant compound annual growth rate is attributed to its broad acceptance in the aerospace, automotive, marine, and energy sectors. Filament-wound parts are lightweight and strong, making them ideal for rocket motor casings, wings, and airplane fuselages in the aerospace industry. Similar to this, filament-wound tanks and pressure vessels are preferred in automobiles for hydrogen fuel cells and fuel storage, enhancing sustainability and fuel economy. Filament-wound pipes and tanks also make sustainable energy generation and storage easier in the context of renewable energy. With the growing need for lightweight, high-performance materials, filament winding technology is a popular solution because to its continuous advances that improve efficiency, accuracy, and scalability.
Wind Energy is the second fastest growing end use industry for composites
The wind energy sector is witnessing a significant upsurge in the adoption of composites, propelling a high growth within the industry. Composites are essential to the construction of wind turbines, especially when it comes to the fabrication of turbine blades. For these blades to perform at their best in adverse climatic circumstances, materials with outstanding strength-to-weight ratios, corrosion resistance, and longevity are required. These requirements are successfully met by composites such as glass fiber reinforced plastics and carbon fiber. By improving efficiency, longevity, and dependability, their integration into wind turbine blades advances wind energy technology as a whole. Furthermore, the wind energy industry is seeing significant investment and growth due to the growing demand for renewable energy sources worldwide, which is propelling the use of composites in this field even more. It is expected that ongoing technological developments in composite materials and manufacturing techniques will continue innovation and growth in the wind energy industry, confirming composites' critical role in the landscape of sustainable energy.
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Asia Pacific to be the fastest growing regional composites market.
During the forecast period, the Asia Pacific region is anticipated to be the fastest growing market within the global composites industry. The favorable low labor costs in the area and significant demand from a variety of end-use industries, including wind energy, construction, infrastructure, pipelines, pressure vessels, and tanks, are some of the reasons for this expansion. Interest and investment in the Asia Pacific region are being further stimulated by the growing recognition of the region's potential by major multinational industries. Increased demand for composites is seen in the Asia Pacific market in a number of industries, such as wind energy, building and infrastructure, aerospace and military, electrical and electronics, and transportation. Growing emphasis in the area on renewable energy sources has resulted in an increase in wind turbine installations, which has in turn encouraged growth in the composites industry. Furthermore, one of the main factors driving the need for composites in the transportation sector is the growing electric car industry.
Key Players
The key players in the market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electric Glass Co. Ltd. (Japan), Huntsman International LLC. (US), and Solvay (Belgium), among many others.
The flooring market has experienced significant growth over the past decade, driven by rapid urbanization, technological advancements in flooring materials, and increasing demand for both residential and commercial spaces. Flooring solutions are not only a critical component of interior design but also contribute to the functionality, comfort, and sustainability of living and working environments. The market for flooring is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. Increasing population and rapid urbanization, increasing investments in the construction sector, and rising number of renovation and remodeling activities are key drivers promoting the flooring market growth. The volatile raw material prices is a major restraint in the flooring market as it affects the overall pricing of the product.
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Trending FAQs about the Flooring Market☑️ What are the different types of flooring materials available in the market? The flooring market offers a wide variety of materials, each suitable for different environments and aesthetic preferences. The most common types include:
☑️ What are the major drivers of growth in the flooring market? The growth of the flooring market is primarily fueled by:
☑️ How does sustainability influence the flooring market? Sustainability is a significant trend, with consumers and businesses increasingly preferring flooring materials that are environmentally friendly. This includes recycled materials, low-VOC (Volatile Organic Compounds) emissions, and sustainably sourced woods. Additionally, the rise of green building certifications like LEED (Leadership in Energy and Environmental Design) has led to greater demand for eco-conscious flooring options.
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☑️ What are the trends shaping the flooring market? Several trends are shaping the current landscape of the flooring market:
The flooring market is competitive, with several global players dominating the landscape. Here are the top 10 key players:
Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Tarkett
Interface, Inc.
Armstrong Flooring, Inc.
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Beaulieu International Group
Gerflor
Forbo Flooring Systems
LG Hausys
Mannington Mills, Inc.
The flooring market is set for continued growth driven by technological advancements, rising demand for eco-friendly materials, and expanding construction and renovation activities. Companies like Mohawk Industries, Shaw Industries, and Tarkett are leading the way, offering innovative solutions that meet both aesthetic and functional needs. As sustainability becomes increasingly important to consumers and businesses alike, flooring manufacturers must stay ahead of the curve by developing more environmentally conscious products.
The report "3D Printing Metals Market by Form (Powder, Filament), Technology (Pbf, Ded, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental), Region - Global Forecast to 2027" size is expected to grow from USD 1,800.2 million in 2022 to USD 5,542.7 million by 2027, at a CAGR of 32.5% during the forecast period. The Research report presents a complete judgment of the market which consists of 3D printing metals market future trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. 3D printing metal is being used in the aerospace & defense, automotive, medical & dental and other end-use industries. The growth of this market can be attributed to the increasing demand for 3D printed metals from aerospace & defense and automotive end-use industries.
Browse 136 market data Tables and 35 Figures spread through 185 Pages and in-depth TOC on "3D Printing Metals Market by Form (Powder, Filament), Technology (Pbf, Ded, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental), Region - Global Forecast to 2027"
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Filament segment is expected to grow with the highest CAGR during the forecast period
Metals in the filament form are preferred due to the convenience they offer while operating. The metal filament is made-up of metal powder mixed with some polymer such as polylactic acid (PLA) or acrylonitrile butadiene styrene (ABS) in the form of wire/filament. Polymers are used as binding agents, which binds metal powder and polymer to remain in a filament shape. The filament helps in the reduction of waste of materials as compared to powder form. The filament form is expected to grow at a higher CAGR during the forecast period as compared to the powder segment, owing to the benefits it offers.
Directed energy deposition segment accounts for the second-largest market share in the global 3D printing metal market
Directed energy deposition (DED) uses metals in the form of powder or filament. DED machine consists of a nozzle mounted on a multi-axis arm, which deposits melted material over a specified surface, where it solidifies and creates a 3D object. The growth of this technology can be attributed to its more rapid printing cycle and less use of supports to manufacture larger parts. Thus, directed energy deposition is used in prototyping and manufacturing large products in defense industries.
Aluminium segment accounts for the second-largest market share in the global 3D printing metal market
Aluminum is one of the lightweight, strong, and electrically and thermally conductive materials, which makes it appropriate for outdoor applications such as door handle, window frames, and automotive door frames. It is also cost-effective and thus is used in the manufacturing of mechanical parts, tools and fixtures, bike and drone accessories, and structural components. Aluminum is used to manufacture engine parts and components in the automotive industry to reduce the overall weight of vehicles. The growth of the aluminum segment can be attributed to its physical and mechanical properties and its easy availability.
Automotive industry is projected to be the second-largest end-use industry of the 3D printing metals market during the forecast period
The automotive industry is a lucrative market for 3D printing metals, which are used in the manufacturing of auto parts and components. 3D printing materials are used in making various components in the automotive industry, such as engine parts, gears, chassis, battery cases, and doors frames. Major car manufacturers such as Tesla, Inc. (US) and BMW Group (Germany) are highly inclined towards using 3D printing metals to manufacture automotive components. The automotive industry is witnessing a shift toward 3D-printed components owing to their benefits, such as weight reduction and improved mileage in vehicles.
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North America holds the largest market share in the 3D printing metal market
The 3D printing metals market in North America is driven by increasing demand for high-performance metals, growing applications of 3D printed metal parts, and substantial adoption and manufacturing of products based on 3D printing technology. Aerospace & defense and automotive are major end-use industries of the market in this region. The demand for high strength and lightweight parts in the aerospace & defense industry and production of electric vehicles increased the consumption of 3D printed metal parts.
3D Printing Metals Market Key Players
The major players active in the market are 3D Systems Corporation (US), Stratasys Ltd. (US), Renishaw plc (UK), General Electric Company (US), Carpenter Technology Corporation (US), Materialise NV (Belgium), Voxeljet AG (Germany), Sandvik AB (Sweden), EOS GmbH Electro Optical Systems (Germany), The ExOne Company (US), and Proto Labs, Inc. (US). These players are adopting the strategies of new product launches, expansions, and agreements to maintain their competitive position in the 3D printing metal market.
The report "Lithium-Ion Battery Anode Market by Materials (Active Anode Materials and Anode Binders), Battery Product (Cell and Battery Pack), End-Use (Automotive and Non-Automotive), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2028", is projected to grow fromUSD 12.0 billion in 2023 to USD 46.5 billion by 2028, at a CAGR of 31.2% during the forecast period. The Research report presents a complete judgment of the market which consists of lithium-ion battery anode market future trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The lithium-ion battery anode market is experiencing a surge, fueled by two key trends. First, the electric vehicle (EV) revolution is driving a massive demand for lithium-ion batteries, and anodes are a critical component. Second, industrial applications are increasingly adopting lithium-ion batteries for their efficiency and clean energy benefits. Further accelerating this growth are strategic moves by industry leaders, including collaborations and manufacturing expansions happening across the globe. This confluence of factors paints a bright picture for the future of the lithium-ion battery anode market.
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Browse 256 market data Tables and 59 Figures spread through 219 Pages and in-depth TOC on "Lithium-Ion Battery Anode Market by Materials (Active Anode Materials and Anode Binders), Battery Product (Cell and Battery Pack), End-Use (Automotive and Non-Automotive), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2028"
The synthetic graphite of lithium-ion battery anode market, by materials, is expected to be the largest market from 2023 to 2028.
While boasting superior purity (>99%) and uniformity compared to its natural counterpart, synthetic graphite, derived from pitch and coke, comes at a premium – three to four times the cost. Despite the price difference, its well-defined structure facilitates smoother lithium-ion movement, enabling faster charging and higher reliability. These performance advantages make synthetic graphite the preferred choice for specialty applications within the lithium-ion battery anode market, even during the forecast period.
The automotive end-use segment is accounted for the largest share in the global lithium-ion battery anode market during the forecast period.
The automotive sector is a key end-use for the lithium-ion battery anode market. This is due to the rising popularity of electric vehicles (EVs), e-bikes, and automated guided vehicles (AGVs) – all of which rely heavily on lithium-ion batteries. As competition in the EV market heats up, manufacturers are constantly striving for better battery performance. This focus on operational excellence translates to a growing demand for lithium-ion batteries, and consequently, their core component – the anode. In essence, the surging adoption of electric vehicles and other battery-powered transportation solutions is propelling the lithium-ion battery anode market forward.
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Europe lithium-ion battery anode market is projected to grow at the second largest
Europe stands out as the world's number two consumer of lithium-ion battery anodes by value. This robust market is fueled by the growing demand for electric vehicles (EVs) within the region. Government incentives and funding play a crucial role in promoting EV adoption, which in turn, translates to a significant need for lithium-ion batteries and their key component, the anode. This focus on clean and sustainable transportation solutions positions Europe as a major player in the lithium-ion battery anode market.
Lithium-Ion Battery Anode Market Key Players
Some of the leading players in this market include Ningbo Shanshan Co., Ltd. (China), Jiangxi Zhengtuo New Energy Technology (China), Resonac Holdings Corporation (Japan), POSCO FUTURE M (South Korea), Mitsubishi Chemical Group Corporation (Japan), and SGL Carbon (Germany) among others.
Ningbo Shanshan Co., Ltd. (China)
Ningbo Shanshan Co., Ltd. is engaged in the R&D, production, and sales of lithium battery materials, including cathode materials, anode materials and electrolytes. The company offers a wide range of products, including polarizers, lithium cobalt oxide, lithium nickel cobalt manganate, lithium nickel cobalt aluminate, lithium manganate, electrolytes, lithium hexafluorophosphate, lithium salts, and various anode materials such as artificial graphite, natural graphite, and silicon-based anodes.
Ningbo Shanshan Co., Ltd. has a significant presence in China, with operations extending to regions like Ningbo, Shanghai, Changsha, Ningxia, and Dongguan. The company caters to a diverse range of industries, including electronics, energy storage, electric vehicles, and new energy technologies. By providing essential materials for lithium batteries and polarizers.
The company operates through five business segments, namely shanjin polarizer segment, lithium battery material segment, new energy vehicle segment, energy management segment, and others. Specifically, the company offers anode materials under the lithium battery material segment, which includes artificial graphite, natural graphite, and silicon-based anodes.
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Jiangxi Zhengtuo New Energy Technology (China)
Jiangxi Zhengtuo New Energy Technology is one of the leading players that is involved in the development, manufacturing, and sale of anode materials for lithium-ion battery anode. The company offers its products under 4 product divisions named as Power type negative electrode, Energy storage type negative electrode, Digital negative, and new category negative. The company’s products are mainly used in lithium-ion power batteries for electric vehicles, power tools, electric buses, energy storage power stations, mobile energy storage vehicles, low speed walkers, digital electronic products. and other battery materials. Jiangxi Zhengtuo New Energy Technology has applied for 52 national patents, including 22 invention patents and 30 utility model patents. It has a strong presence in China with most of its research & development centers along with production sites are situated the country.
Resonac Holdings Corporation (Japan)
Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into the newly integrated company "Resonac" and is one of the leading companies engaged in the manufacturing of lithium-ion battery materials.
Resonac Holdings Corporation operates through four business segments semiconductor and electronic materials, chemicals, innovation enabling materials, mobility, and others. The company provides lithium-ion battery anode under mobility segment. The company under its mobility segment offers automotive products (plastic molded products, friction materials, powder metal products), and lithium-ion battery materials (Aluminum laminated film SPALF, additive to cathodes and anodes, carbon anodes materials).
The company has a presence in North America, South America, Middle East & Africa, Europe, and Asia Pacific. It has its research and development centers located in Tsukuba, Japan; Chikusei, Japan, and among others.
Table of ContentsINTRODUCTION
RESEARCH METHODOLOGY
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
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The Global PFAS Filtration Market is projected to reach USD 2.8. billion by 2029, at a CAGR of 7.1% from USD 2.0 billion in 2024., as per the recent study by MarketsandMarkets™. This report provides an in-depth evaluation of the market, focusing on PFAS filtration market size, trends, drivers, challenges, competitive landscape, and future growth potential. Increasing regulatory scrutiny and tightening of environmental regulations regarding PFAS contamination, coupled with growing public awareness of the health risks associated with PFAS exposure, will contribute to the rapid growth in the demand for PFAS filtration.
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210 - Market Data Tables
78 - Figures
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List of Key Players in PFAS Filtration Market:
Drivers, Restraints, and Opportunities in PFAS Filtration Market:
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Key Findings of the Study:
Based on technology type, the PFAS filtration market has been segmented into water treatment systems and water treatment chemicals and other solutions. Advanced water treatment systems, such as granular activated carbon (GAC) filters, ion exchange resins, and high-pressure membranes like reverse osmosis, are effective in removing PFAS from water supplies. These systems are widely implemented in industrial, municipal, and commercial applications to ensure compliance with stringent water quality regulations. Water treatment chemicals, including specialized adsorbents and coagulants, enhance the effectiveness of filtration by binding to PFAS molecules, facilitating their removal. The integration of these technologies provides a comprehensive approach to mitigating PFAS contamination, ensuring safe and clean water.
Based on end-use industry, the PFAS filtration market has been segmented into industrial, commercial, and municipal. In the industrial sector, extensive use of PFAS in manufacturing processes, particularly in electronics, textiles, and chemical production, necessitates effective filtration solutions to manage waste and prevent environmental contamination. Commercially, businesses such as car washes and laundromats require PFAS filtration to meet regulatory standards and ensure safe operations. Municipally, the increasing awareness of PFAS health risks and stricter water quality regulations are compelling local governments to invest in advanced filtration technologies to provide clean drinking water to communities. These segments collectively fuel the growth and implementation of PFAS filtration technologies across the globe.
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Asia Pacific is the fastest-growing market for PFAS filtration. Rapid industrialization and urbanization in countries like China, South Korea, Australia, Japan, and India have led to increased PFAS contamination in water sources. This, coupled with rising environmental and health awareness, is driving demand for effective filtration solutions. Governments in the region are responding with stricter regulations to control PFAS emissions and ensure safe drinking water, further necessitating the adoption of advanced filtration technologies. Significant investments in water treatment infrastructure by both public and private sectors are enhancing the market growth. Additionally, the prevalence of major industries, such as electronics and chemical manufacturing, which extensively use PFAS, heightens the need for efficient filtration systems. Collaborative efforts between governments, private companies, and international organizations are also facilitating the development and deployment of these technologies.
The global acrylic acid market, valued at USD 11.3 billion in 2023, is projected to reach USD 13.8 billion by 2028, growing at a CAGR of 3.3% during the forecast period. Acrylic acid, a colorless and corrosive liquid, is highly reactive and readily forms polymers. It is a key component in manufacturing plastics, paints, synthetic rubbers, and textiles. Additionally, acrylic acid derivatives, such as acrylic esters and acrylic polymers, play crucial roles across various industries. The market research report provides access to critical information such as market growth drivers, market growth restraints, current market trends, acrylic acid market kay players and other key market details.
Personal Care Industry: Acrylic acid-based superabsorbent polymers (SAPs) are essential in hygiene products like diapers, sanitary napkins, and adult incontinence items.
Paints and Coatings: The demand for acrylate esters, essential in coatings, is driven by the expanding construction and automotive industries.
Industrial Expansion: Growing end-use sectors such as construction, automotive, textiles, and packaging contribute to robust demand.
Technological Advancements: Innovations in production processes are improving manufacturing efficiency and reducing costs.
Urbanization and Industrialization: Emerging economies are experiencing rapid urbanization, further fueling market growth.
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Application InsightsAcrylate EstersIn 2023, acrylate esters accounted for 56.8% of market revenue, driven by their versatile applications in paints, coatings, adhesives, and textiles. These esters enhance film formation, adhesion, and durability, making them indispensable for:
Automotive Industry: Superior finishes.
Construction Sector: Weather-resistant paints and coatings.
Projected to grow at a CAGR of 3.7%, glacial acrylic acid is a critical precursor for SAPs used in personal care products. Factors driving demand include:
Rising global population.
Increased awareness of hygiene products.
Accounting for 31.8% of market revenue in 2023, the personal care sector’s demand is driven by SAPs, crucial for diapers and feminine hygiene products. Growth factors include:
Rising disposable incomes.
Expanding populations in emerging economies.
Expected to grow at a CAGR of 4.5%, acrylic-based adhesives are valued for their:
Excellent bonding properties.
Resistance to environmental factors like moisture and UV light.
Applications in the booming construction and automotive sectors.
The North American market is anticipated to grow at a CAGR of 3.6%. Growth drivers include:
Strong manufacturing base for acrylic acid and derivatives.
Established construction, automotive, and personal care industries.
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United StatesThe U.S. maintained a dominant market position in 2023, supported by its mature automotive and construction sectors.
EuropeEurope is a lucrative market for acrylic acid due to:
High demand from the paints, coatings, adhesives, and sealants industries.
Emphasis on sustainability and bio-based materials.
The UK’s robust manufacturing base and government initiatives promoting green technologies make it a significant market player.
Asia PacificDominating with 40.0% of market revenue in 2023, the Asia Pacific region benefits from:
Rapid industrialization and urbanization.
Expanding construction, automotive, and personal care sectors.
China’s market leads in the region, driven by massive infrastructure projects and growing automotive and personal care industries.
Key Market PlayersProminent companies driving the acrylic acid market include:
Vigon International, LLC.
BASF SE
Arkema
LG Chem
NIPPON SHOKUBAI CO., LTD.
Dow
Sinopec
Formosa Plastics Corporation, U.S.A
Wanhua
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Future OutlookThe global acrylic acid market is poised for steady growth, supported by:
Rising demand for superabsorbent polymers in personal care.
Expansion in construction and automotive sectors.
Technological innovations reducing production costs.
Increased focus on sustainability and bio-based alternatives in Europe and North America.
Acrylic acid’s versatile applications across diverse industries, coupled with advancements in production technology, position it as a vital chemical in the global market. The growing emphasis on sustainability and the rise in disposable incomes in emerging economies further reinforce its future market potential.
The report "Alpha Olefins Market by Type, Application (Poly-olefine Comonomer, Surfactants and Intermediates, Lubricants, Fine Chemicals, Oil Field Chemicals), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028", is expected to grow at a CAGR of 5.6% during the forecast period, from an estimated USD 7.1 billion in 2023 to USD 9.3 billion in 2028. The research report provides access to critical information such as market growth drivers, market growth restraints, current market trends, alpha olefins market key players and financial structure, and other key market details. The flexibility of Alpha olefins to be used in various applications is pushing the market. These Alpha olefins enable to manufacture of eco-friendly products. Alpha olefins have a wide range of applications across multiple industries. One key application is in the production of detergents and surfactants. Alpha olefins serve as key building blocks in the synthesis of various surfactants, which are essential components in cleaning products, personal care items, and industrial formulations.
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39 – Figures
164 – Pages
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The polyolefin comonomers segment, by application, is expected to be the most significant Alpha olefins segment during the forecast period.
A polyolefin is any class of polymers produced from a simple olefin as a monomer. For instance, polyethylene is the polyolefin produced by polymerizing the olefin ethylene. Similarly, polypropylene is another common polyolefin, which is made from olefin propylene. The market of polyolefins is expected to witness moderate growth during the forecast period because of the increasing number of applications, technological advances, and the growing demand from the developing economies of Asia-Pacific, the Middle East, and Eastern Europe. All these factors will, in turn, drive the demand for alpha olefins, as they are primarily used for manufacturing polyolefins.
1-Butene is anticipated to be the fastest-growing Alpha olefins segment, by type, during the forecast period.
1-Butene is a key component in the production of high-density polyethylene (HDPE). HDPE is a versatile thermoplastic that is used in a wide range of applications, including packaging materials, plastic bottles, pipes, and geomembranes. The addition of 1-butene during the polymerization process enhances the flexibility, toughness, and overall properties of HDPE, making it suitable for both rigid and flexible applications.
The growing plastics industry worldwide drives the market of 1-Butene. The rising demand for pharmaceutical, plastic packaging, and other industries boosts the plastics market, which in turn, drives the market of alpha olefins. Evonik Industries AG (Germany) and Chevron Philips Chemical Company LLC (U.S.) are the key players providing 1-Butene.
Asia Pacific is expected to be the fastest-growing segment in the global Alpha olefins market, by region, during the forecast period.
The Asia Pacific alpha olefins market is experiencing significant growth due to various factors. The region's expanding industrial sectors, such as packaging, automotive, and consumer goods, are driving the demand for alpha olefins, which are essential raw materials for the production of polymers like polyethylene and polypropylene. Rapid urbanization, population growth, and rising disposable incomes in countries like China, India, and Southeast Asian nations are fueling the demand for plastic products, thereby boosting the market for alpha olefins. Additionally, the region's strong petrochemical industry and abundant availability of feedstock further support the growth of the alpha olefins market in Asia Pacific. The increasing emphasis on sustainability and environmental regulations also contribute to the demand for bio-based alpha olefins in the region. Overall, with its growing industries, favorable market conditions, and rising demand for plastic products, the Asia Pacific alpha olefins market is poised for continued expansion.
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Alpha Olefins Market Key Players
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Alpha Olefins market. These include Royal Dutch Shell (Netherlands), ExxonMobil (US), Dow Chemical Company (Michigan), SABIC (Saudi Arabia), and Evonik Industries (Germany).
Royal Dutch Shell (Netherlands) is a key market player with a wide product portfolio, strong market presence, and effective business strategies. The wide product portfolio enables them to serve most regions worldwide. Royal Dutch Shell primarily focuses on acquiring the leading market position through their strong financial capabilities and well-established brand equity. Royal Dutch Shell USA, Inc. and Shell Midstream Partners, L.P. announced to execute of a definitive agreement and plan of merger, pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public.
Chevron Phillips chemical company (Texas) is a well-established company with effective business strategies. They offer innovative solutions, services, and hardware portfolios and have an extensive network of channel partners and resellers to increase the deployment of their solutions across numerous vertical markets. They focus on a specific product-related technology. The company leveraged its existing worldwide distribution network and regional sales offices to support its international business for the Products segment. It assembles products for the international markets at the US and Australian locations. Chevron Phillips Chemical Company (Texas) acquired Qatar Petroleum's (Qatar) 49% ownership stake in Chevron Phillips Chemical Qatar. This acquisition allowed Chevron Phillips Chemical to have full control over its operations in Qatar and strengthen its presence in the Middle East.
The report "Flooring Market by Material (Resilient, Non-Resilient (Ceramic tiles, Wood, Laminate, Stone), Soft-floor covering), End-use Industry (Residential, Non-residential), & Region (North America, Europe , APAC, MEA, South America) - Global Forecast to 2028", The market for flooring is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. The research report provides access to critical information such as market growth drivers, market growth restraints, current market trends, flooring market top key players and financial structure, and other key market details.
Increasing population and rapid urbanization, increasing investments in the construction sector, and rising number of renovation and remodeling activities are key drivers promoting the market growth. The volatile raw material prices is a major restraint in the flooring market as it affects the overall pricing of the product. A rapidly progressing organized retail sector is a major opportunity in the flooring market. The flooring industry also faces the challenge of extreme competition in the market.
Growing preference for flooring products, such as ceramic tiles, vinyl tiles, carpets, and laminates, as they offer a smooth, clean, hard, and attractive surface to the floors, is enhancing market expansion. Increasing demand for residential buildings, commercial amenities, and healthcare facilities is boosting the sales of flooring products.
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List of Key Players Profiled in the Flooring Market Report:
Segmentation
Surging Demand for Easy-to-install Floor Coverings Fostered Non-Resilient Segment Growth
In terms of type, the market is classified into non-resilient, resilient, and carpets & rugs. The non-resilient segment held the largest flooring market share in 2022. Surging demand for easy-to-install floor coverings is boosting the segment growth. The growing usage of ceramic tiles for residential floors due to their water-resistant qualities is driving the segment growth.
Rapid Growth of Residential Buildings Propelled Segment Expansion
By end-use, the market is categorized into residential and non-residential. The residential segment remains prominent in the global market. Rapid growth of the population and increasing consumers’ disposable income are propelling segment expansion. Growing preference for renovation services to enhance the aesthetics of residential buildings is projected to fuel the sales of floor products in the residential sector. The rapid expansion of residential buildings is driving the segment growth.
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COVID-19 Impact:
Shortage of Raw Materials during Pandemic Impeded Market Growth
The COVID-19 outbreak had a negative effect on the flooring market growth. Shortage of raw materials during the pandemic due to supply chain disruptions restrained market growth. Canceled or postponed construction plans amid the pandemic reduced the consumption of finishing materials. Moreover, in the post-pandemic, growing government policies for improving healthcare infrastructure are supporting market expansion.
Report Coverage
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
Increasing Need for Visually Appealing Products in Buildings to Boost Market Progress
Increasing demand for housing facilities due to the rapidly growing population is driving the market expansion. While building or choosing a prebuilt home, consumers check the aesthetic design and interior of the building. Increasing emphasis on appropriate aesthetic surface services and managing the house's interior by many producers is boosting the market progress. Additionally, many consumers also look for touch and visual appeal when choosing their products. All these factors are projected to enhance consumer investments in visually appealing products and fuel market development.
However, market growth is hindered by the increasing production costs.
Regional Insights
Asia Pacific Leads with Increasing Planned Investments and Structured Policies for Construction Activities
Asia Pacific commanded the global market. An increase in planned investments and structured policies for construction activities in India, China, and Southeast Asia is driving market growth in the region. China dominates with rising demand for infrastructure and new buildings and a growing population.
South America is predicted to rise substantially owing to a rise in renovation and remodeling activities in private and multi-story houses to change the look and design of buildings.
Competitive Landscape
Key Market Players Concentrate on Safe & Unique Technology Innovation for Floor Applications
Top market participants are focusing on product offerings and safe & unique technology innovation for floor applications. Leading companies are implementing the tactics, such as new product advancement, expansion, joint ventures, and acquisitions to boost their regional presence and product portfolio.
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