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Food Biodegradable Packaging Market is Booming with Progressive Trends
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Polyphenylene Ether Market Segmentation, Review, Trends, Opportunities, Growth,demand and Forecast 2030
Polyphenylene ether industry is expected to get evaluated colossally at a modest CAGR during the review period of 2017-2030.
The Global Polyphenylene ether industry has been segmented by type, application, and region.
On the basis of type, the market has been segmented into PPE/PA (polyamide), PPE/PP (polypropylene), PPE/PS (polystyrene), and others. The PPE/PA (polyamide) segment accounted for the largest share of the global polyphenylene ether industry in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of PPE/PA (polyamide) in automotive industry as it helps to reduce the weight of the vehicles up to 25% and provides resistance to organic and chemical solvents. PPE/PP (polypropylene) is the fastest-growing segment of the global Polyphenylene ether industry. The increasing use of PPE/PP in electrical and electronics and automotive industry due to superior properties such as hydraulic stability, good dimensional stability, and excellent dielectric strength is driving the market growth.
Based on application, the market has been divided into aerospace, automotive, healthcare, electrical and electronics, and others. The automotive segment accounted for the largest market share in 2017 and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing use of PPE in heater and air conditioner control system components, seat backs, body panels, grilles, exterior mirror housings, and under the hood components among others.
Regional Analysis
Based on region, the global Polyphenylene ether industry has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations including India, Thailand, Indonesia, and Australia among others. The expanding healthcare industry with rising health awareness coupled with increasing per capita income is anticipated to propel the growth of the polyphenylene ether industry.
North America is a prominent market for Polyphenylene Ether owing to its increasing use in the automotive and aerospace industries. The European market for polyphenylene ether is expected to grow as a result of rising demand in major end-use industries such as healthcare and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding end-use industries in the region.
Competitive Analysis
Some of the key players in the global polyphenylene ether are Entec Polymers (US), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), BASF SE (Germany), Evonik Industries AG (Germany), Mitsubishi Chemical Corporation (Japan), Oxford Polymers (US), LyondellBasell Industries Holdings B.V. (the Netherlands), Polyplastics Co. Ltd (Japan), and Sumitomo Chemical Co., Ltd. (Japan).
Read More: https://www.marketresearchfuture.com/reports/polyphenylene-ether-ppe-market-6916
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Security Paper Market Size, Share, Segmentation, Top Leaders and Regional Forecast 2030
Security papers are papers with incorporated features such as watermarks or invisible fibers embedded in the paper in order to avoid document tampering, forgery and other fraudulent activities. As per the report published by Market Research Future (MRFR), the global security paper market is anticipated to project higher growth potential in the coming years.
Market Drivers and Restraints:
With the rapid increase in incidences of forgery, counterfeiting and document tampering, various companies, institutes and government organizations are utilizing security papers in order to secure valuable documents. Increasing use of security papers for printing cheques, banknotes, certificates, stamp papers, identity cards and passports is majorly propelling the growth of the global security paper market.
With advancement in technology, the threat of high-tech counterfeiting has increased, leading to the rise in demand for security papers, which in turn is fueling the expansion of the global security papers market. Introduction of hybrid security papers is also impacting positively on the growth of the global security paper market. However, increasing preference of e-documents and softcopies that are secured with encryption rather than using hard copies and printed papers are likely to hamper the growth of the global security paper market during the forecast period.
Segmental Analysis:
The global security paper market has been segmented on the basis of security feature and application. Based on security feature, the security paper market is segmented into hybrid papers, watermarks, holograms and threads. Based on application, the security paper market is segmented into banknotes, legal and government documents, certificates, identity cards, passport, checks and stamps.
Competitive Dashboard:
The players in the global security paper market are introducing various new products in order to withstand the increasing security threats of valuable documents. The strategic mergers and acquisitions are aiding the prominent players in expanding their businesses and sustaining the competitive environment of the global market during the forecast period. Increasing research and development expenditure for the launch of new products is sharpening the competitive edge in the global security papers market.
The major player profiled by MRFR in the report on the global security paper market are China Banknote Printing and Minting Corporation (Beijing), Ciotola S.R.L.(Italy), Document Security Systems, Inc. (the U.S.), EPL House for Security Printing (Libya), Security Paper Limited (Pakistan), Sequana Group (France), De La Rue plc (the U.K.), Giesecke & Devrient (Germany), Fedrigoni Group (Italy) and Goznak (Russia).
Regional Analysis:
Geographically, the global security paper market has been segmented into North America, Europe, Asia Pacific and the rest of the world. With respect to market size, the security paper market in the Europe region is leading the global security paper market. The presence of major market players in the countries such as Germany, Spain, the U.K., Russia, Italy and France is driving the security paper market in the Europe region. The Asia Pacific region is projecting significant growth in the global security paper market owing to the increasing utilization of security papers for production of banknotes and in various government organizations in this region.
Access Report Details @ https://www.marketresearchfuture.com/reports/security-paper-market-3117
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Alkylene Carbonates Market Revenue Driving Factors and Growth Opportunities, 2030
The global alkylene carbonates market is growing rapidly, witnessing increasing consumption of these materials. Increasing usages in a number of end-use industries are majorly driven by the excellent properties of alkylene carbonates such as low volatile organic content (VOC), low toxicity, high boiling point, and biodegradability. Increasing demand from paints & coatings and cosmetics & personal care industries is another key driving force behind the growth of the market.
According to Market Research Future (MRFR), the global alkylene carbonates market is projected to witness significant growth by 2030, registering a modest CAGR during the forecast period (2022 – 2030). Moreover, augmenting demand for environmentally friendly chemical products acts as a major tailwind for the growth of the market. Large application areas drive the huge market demand for alkylene carbonates. Resultantly, the global alkylene carbonates market is expected to grow continually in years to come.
Besides, the rising demand for environmentally safe products and increasing usages of alkylene carbonates in personal care products and cosmetics foster the market demand. Moreover, the rising consumption of alkylene carbonates due to the dramatic increase in the construction and agriculture industry substantiates the market demand. Additional factors supporting the market include the rising demand from the paints & coatings and textiles & fabrics industries.
Alkylene Carbonates Market - Segments
To market is segmented into three main dynamics;
By Type: Ethylene Carbonate, Propylene Carbonate, Glycerine Carbonate, and others.
By End Use Industry: Paints & Coatings, Agriculture, Textiles & Fabrics, Cosmetics & Personal Care, and others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Alkylene Carbonates Market – Regional Analysis
The Asia Pacific region dominates the global alkylene carbonates market. The largest market growth attributes to the rising demand for cosmetic & personal care products among the ever-increasing APAC population. Besides, the growth of manufacturing bases for paints & coatings, textile & fabrics, and personal care drives the regional market growth. India and China, heading with the rising industrialization and economic growth, contribute to the growth of the regional market significantly.
Moreover, raw material advantage and the availability of cost-competitive workforce in the region act as a major driving force for the market growth. The growing chemical industries in this region are estimated to propel the growth of the market. Furthermore, the rising development strategies to fulfill the demand for alkylene carbonates boost the regional market growth. The APAC alkylene carbonates market is anticipated to grow at a high CAGR during the forecast period.
Alkylene carbonates market in North America and Europe are growing rapidly. Markets in these regions are driven by major end-use industries such as paints & coatings and Textiles & Fabrics. Governments of various nations in Europe and North America have imposed stringent regulations to prevent volatile organic compounds emissions. Furthermore, increasing R&D expenditures and rapidly growing cosmetics and food industries drive regional market growth.
Besides, increasing numbers of initiatives are being undertaken by environmental agencies, specifically in the U.S, France, and Germany, on the usage of environmentally friendly solvents that are driving the consumption of alkylene carbonates in the coating industry. The alkylene carbonates market in North America and Europe is estimated to create substantial revenue pockets over the assessment period.
Alkylene Carbonates Market – Competitive Analysis
Highly competitive, the alkylene carbonates market appears fragmented due to the presence of many well-established players. To gain a substantially larger share in the market, these players incorporate strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product or technology launch. Substantial investments are transpired in the R&D to develop an entirely different technology compared to their competition.
Major Players:
Players driving the global alkylene carbonates market include Huntsman International LLC (US), BASF SE (Germany), Sigma-Aldrich Co. LLC. (US), Tongling Jintai Chemical Industrial Co. Ltd (China), Mitsubishi Chemical Corporation (Japan), Alfa Aesar (US), and Qingdao Shinda Chemical Co., Ltd. (China), among others.
Browse the Complete Report: https://www.marketresearchfuture.com/reports/alkylene-carbonates-market-3951
Industry/Innovation/Related News:
March 11, 2020 --- A TEAM of students from the University of Manchester (the UK), announced that they had won IChemE’s Macnab-Lacey Prize for their project Greenhouse Gas to Green Solvent. The new design allows a more sustainable process to produce dimethyl carbonate from Carbon Dioxide. Dimethyl carbonate (DMC) has a range of uses, including as a solvent and methylating agent. The Manchester team’s project - Greenhouse Gas involves reacting ethylene oxide with carbon dioxide to produce ethylene carbonate, which is followed by the transesterification of ethylene carbonate with methanol into DMC and ethylene glycol.
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Flexo Ink Market 2022 Trends, Drivers, Strategies, Applications and Competitive Landscape 2030
Flexography is a printing technology that is used for printing on coated and uncoated paper materials that include metallized and paper foils and plastic films. The flexo-ink is developed based on conventional letterpress printing and since then it has evolved in a modern way of printing in various applications. The flexography printing inks are also gaining importance in the field of printing industry that will benefit the promotions and demands even for small quantities.
Flexo-ink printing has been quite cost effective owing to the convergence of a variety of market players that ranges from sustainability and other environmental concerns along with the cost management and reduction that will positively impact the growth in the demand and supply of flexo-ink. These inks are being used expansively in packaging of a number of products that includes food and beverages, cosmetics, etc.
The global flexo-ink market report showcases the significant growth of the market by the year 2023 with a growing CAGR of 5.72%. The key players and manufacturers in the global market are focusing a lot on providing good quality packaging for guaranteeing the quality of product and service. In addition to this, strict regulations by the authorities such as FDA and EPA towards the high emissions of various compounds is hampering the growth of the market.
Market segmentation
The global flexo-ink market is improving day-by-day with the categorization based on the type, resin type, and end use. The report also suggests the market dynamics that are playing a major role in contributing to the growing needs of different sectors. On the basis of the type, the global flexo-ink market can be split into:
Solvent based flexo
Water based flexo
UV based flexo
And on the basis of resin type, the global flexo-ink market can be divided into:
Polyurethane resins
Acrylic resin
Polyamide resins
Vinyl resins
Cellulosic resins
Others
And as per the end use, the global flexo-ink market can be classified into:
Label industry
Packaging industry
Paper industry
Regional analysis
It is estimated that North America will dominate the flexo-ink market for the forecast period of 2021-2030, owing to the increase in the investments and the capacity expansions. As per a study, there will be a lot of investment in the US petrochemical industry by 2020. Moreover, the Asia-Pacific market size is also rising and countries of India, China and Japan are expected to take over a major share in the global flexo-ink market. Europe is also a dominating market attributing to the presence of packaged food industries that is leading to the labelling and attracting packaging of the food and beverages products.
Industry news
Sun Chemical would use Labelexpo as a medium for the official release of SolarVerse, a collection of pigmented, multifunctional UV flexo base extracts, engineered to be conveniently distributed via a regular UV flexo container and to give consumers substantial cost benefits and versatility advantages.
Read More: https://www.marketresearchfuture.com/reports/flexo-ink-market-3348
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Heavy-Duty Telehandler Market Trends 2022, Segmentation, Swot Analysis, Opportunities and Forecast to 2027
The heavy-duty telehandler market is predicted to reach USD 3,495.36 million by 2027, registering a 5.9% CAGR during the forecast period, 2021–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global heavy-duty telehandler market is expected to witness substantial growth during the forecast period, primarily due to increasing construction industry.
Segmental Analysis
The global heavy-duty telehandler market has been segmented based on capacity and application.
Based on the capacity, the global heavy-duty telehandler market has been segmented into 5 to 10 ton, 10.1 to 15 ton, 15 and above. 5 to 10 ton capacity telehandlers are used for lifting and material handling purposes. They are designed to cater to mining, construction, industrial, agricultural, and forestry industries. Whereas 10.1 to 15 ton capacity telehandlers offer excellent productivity on job sites ranging from new construction of multi-story buildings to agricultural purposes. 5 to 10 ton accounted for the largest share of 41% within the market in the 2020 year and is expected to retain its dominance throughout the projected period. however, 15 and above, an extra high-capacity telehandler, is expected to exhibit the fastest growth of 6.7% during the projected period.
Based on the application, the market has been bifurcated into construction, agriculture, mining, and others. Telehandlers are one of the most versatile construction site equipment, promoting efficient delivery in the construction process. These machines enable materials to be unloaded from delivery vehicles, transported around construction sites, and placed at a height. These are also utilized in agriculture, focusing on safety, ergonomics, and efficiency. Apart from this, Telehandlers are also used across mining, manufacturing, forestry, oil & gas, transport & logistics, power utilities, and others. The construction segment holds the largest share of 54.6% within the market and is expected to retain its dominance throughout the projected period. However, the others segment is expected to exhibit the fastest CAGR growth of 7.2% during the projected period. This can be attributed to the increased adoption of heavy-duty telehandlers among the forestry, oil & gas, manufacturing, transport & logistics, power utilities, and other sectors.
Regional Analysis
Globally, the heavy-duty telehandler market has been categorized into the North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe accounted for the largest market share of 33.32% with a market value of USD 880.98 million. It is projected to register a 6.1% CAGR over the projected period. The European economy recorded a significant annual growth rate in 2020. The European market is sub-segmented into the UK, Germany, France, and the rest of Europe. Being easily applicable in the construction, agriculture, and mining sectors, heavy-duty telehandlers greatly increase the workforce's efficiency and enhance the experience. Furthermore, organizations are increasingly focusing on reducing the cost of accessing global resources to meet the growing industry demands. The adoption of heavy-duty telehandlers is primarily driven by an increasing number of start-ups partnering with telehandler companies. Growing awareness of the benefits of telehandlers coupled with increasing applications scope in end-use industries, including construction, mining, and agriculture, is expected to propel production volumes over the forecast period.
North America is the most significant revenue contributor to the heavy-duty telehandler market as increased investment in the infrastructure sector and increasing focus of organizations on improving business agility is high in the region. In North America, a developed economy and high disposable income can be attributed to universal standard acceptance worldwide. The US is the dominating country for the heavy-duty telehandler market in this region as it is a developed country in terms of economy and exhibits high demand for various applications. The region constitutes countries such as the US, Canada, and Mexico. The US has a higher concentration of companies than Canada and Mexico, due to which the construction activities are higher.
Asia-Pacific is the third-largest market for the global Heavy-duty telehandler market. However, the regional market is expected to grow with the fastest CAGR compared to other regions. This can be attributed to the growing businesses across the region owing to the leading company's expansion strategies. China, India, and Southeast Asian countries are becoming production hubs due to favorable business environments.
Competitive Landscape
The global market for heavy-duty telehandler has witnessed significant growth over the forecast period due to the growth in construction industry. There are several domestic, regional, and global players operating in the heavy-duty telehandler market who continuously strive to gain a significant share of the overall market. This includes Manitou Group, J C Bamford Excavators Ltd, Terex Corporation, Caterpillar Inc., Linamar Corporation, Wacker Neuson Group, Eazi Group, DIECI S.R.L., Oshkosh Corporation and Haulotte Group.
Among these, MRFR has identified top five key players in the global heavy-duty telehandler market who have contributed to the global market growth.
Key Players
Oshkosh Corporation (US)
Caterpillar Inc. (US)
Manitou Group (France)
J C Bamford Excavators Ltd. (UK)
Terex (US)
These players focus on expanding and enhancing their Resolution portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.
Access full report @ https://www.marketresearchfuture.com/reports/heavy-duty-telehandler-machines-market-10870
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Mineral Wool Steel Sandwich Panel Market Precise Study on Factors, Drivers and Key Players Strategies Till 2025
The Global Mineral Wool Steel Sandwich Panel Market is projected to be valued at USD 1,275.4 Million by the end of 2025, registering a CAGR of 4.9% during the forecast period.
The global mineral wool steel sandwich panel market is expected to witness sustainable growth in the next five years. The demand for mineral wool steel sandwich panels is poised to be driven by the growing number of cold storage warehouses and rising demand for fast and economic construction techniques. However, lack of skilled labor and fluctuation in raw material prices acts as a restraint for the market.
Furthermore, the operations of the engineering and construction sector have witnessed the adoption of technologies and concepts meant to reduce construction time and cost. Sandwich panel systems are for quick transformation of architectural designs into finished building structures and play an important role in driving the growth of the construction industry, which is expected to lead to an increase in the number of warehouses. Moreover, the growing adoption of fast and economic construction techniques in warehousing is expected to create a high demand for steel sandwich panels. Thus, the growing number of cold storage warehouses is expected to drive the growth of the global mineral wool steel sandwich panel market during the forecast period.
Additionally, The construction industry is witnessing high growth due to the high demand for infrastructure and buildings in developing countries. The increasing housing activities and growing residential, non-residential, and infrastructure projects due to urbanization and rising population primarily drive the growth of the construction industry. According to the Global Construction Perspective (GCP) and Oxford Economics, the US, India, and China are estimated to account for around 57% of the total growth in the construction and engineering market by 2030. The mineral wool steel sandwich panel market is directly dependent on the growth and innovation in the construction industry, as they create a demand for sandwich panels in various application areas for efficient performance and economic advantages. Mineral wool steel sandwich panels form an important aspect of the quick construction techniques that deliver superior properties and outstanding features to construction enclosures.
COVID-19 Impact Analysis
With the emergence of the COVID-19 pandemic, governments and international agencies all issued measures to keep the spread of the virus in check, focusing on lockdowns and social distancing. After the initial few months of the pandemic, the mineral wool and steel sandwich panel market started to recover slowly when lockdowns ended.
Segment Analysis
The Global Mineral Wool Steel Sandwich Panel Market has been segmented on the basis of surface finish type, application, end-user, and region
The global Mineral Wool Steel Sandwich Panel Market on the basis of surface type has been segmented into Plain and Corrugated.
The global Mineral Wool Steel Sandwich Panel Market on the basis of application has been segmented into wall panels, roof panels, insulated panels, and others.
The global Mineral Wool Steel Sandwich Panel Market on the basis of end-users has been segmented into residential buildings, commercial buildings, and industrial.
Key Findings of the Study:
The Global Mineral Wool Steel Sandwich Panel Market is projected to reach a value of USD 1,275.4 million by 2025, with a CAGR of around 4.9 % during the forecast period from 2019 to 2025.
Europe accounted for the largest market share in 2018 due to the increasing number of projects for upgrading the existing infrastructure, rising environmental concerns, and the growing interest in cost-effective construction are factors that are driving the growth of the market in the region.
Asia pacific is expected to be the second-largest market in 2025 due to the rapid industrialization and urbanization in the emerging economies, such as China, India, and Japan, which are also boosting the growth of the mineral wool steel sandwich panel market in Asia-Pacific. Furthermore, activities such as the refurbishing and renovation of old buildings have increased investments in the building & construction industry, fueling the demand for mineral wool steel sandwich panels.
China is among the top contributors in the mineral wool steel sandwich panels market. According to the National Bureau of Statistics of China, the value-added output of the construction industry reached USD 816.6 billion in 2017 compared to USD 2.1 billion in 1978, with an average annual growth rate of 16.6%. The country has witnessed rapid growth in industrialization and growing population levels, which have fueled the demand for cheap residential houses. Presently, China is looking forward to developing and implementing cost-effective and durable construction processes and products. This is expected to increase the demand for mineral wool steel sandwich panels
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Diesel Exhaust Fluid Market 2022 | Global Growth by Manufacturers, Major Application Analysis 2028
In addition, the diesel exhaust fluid market is expected to rise at a CAGR of 8.4%, with a value of USD 30,643.9 million over the estimated forecasting year of 2022-2030.
The International Organization for Standardization has standardized the diesel exhaust fluid as an aqueous urea solution. This consumable fluid is used in conjunction with Selective Catalytic Reduction technology, employed in diesel-powered automobiles to minimize hazardous pollutants in the exhaust. The exhaust fluid from a diesel engine is kept in a separate fuel tank attached to the exhaust pipe and is triggered as soon as the engine is started.
Environmental sustainability is one of the most important issues entrusted to various automobile manufacturers and fossil fuel energy corporations to reduce harmful chemicals such as NOx, COx, and unburnt particles from the vehicle and other machine exhaust, primarily by the NOx emissions act enacted in 2010 by the Environmental Protection Agencies around the world. The growing demand for diesel engine exhaust treatment fluid in end-use sectors such as marine, automotive, and aerospace propels the worldwide diesel exhaust fluid market forward. Strict limitations on greenhouse gas emissions and rising demand for this product from the automobile sector are propelling the market forward.
In 2020, the year-on-year growth rate of the diesel engine exhaust fluid market was predicted to fall, based on present conditions. The recovery of the automobile sector is predicted to boost DEF demand, which will, in turn, drive the recovery of the diesel exhaust fluid market. Due to issues with the supply chain, labor, and government preventive standards, vehicle sales and production are not likely to fully restart even once the lockdown is removed. The coronavirus outbreak is projected to have a minor impact on the diesel exhaust fluid industry in this scenario.
Market Segmentation:
The global market has been segmented into two sections technology and regional basis. With the technology section, the global market has been divided into five sections selective catalytic reduction, lean NOx trap, exhaust gas recirculation, diesel oxidation catalyst, and others. On a regional basis, the diesel exhaust fluid market has been divided into five sections Asia-pacific, North America, South America, Europe, and Middle East & Africa.
Regional Analysis:
The diesel exhaust fluid market is predicted to develop rapidly in the Asia-Pacific region in the coming years, owing to rising sales of passenger and commercial cars, particularly in emerging nations such as India and China. Furthermore, in the next years, the Asia-Pacific diesel exhaust fluid market will likely benefit from the rising prevalence of natural gas cars in several countries.
Alternative fuels such as liquefied natural gas are being utilized in a few nations, necessitating changes to the fuel distribution system. As the usage of LNG cars grows in the future decade, the market for automotive fuel delivery systems is likely to rise dramatically.
According to statistics from Global Trade Tracker and China's General Administration of Customs, China imported more liquefied natural gas in 2021 than any other country, according to the US Energy Information Administration. As a result, the considerations mentioned earlier and advances point to a bright future for vehicle fuel delivery systems throughout the predicted period.
Industrial News:
Many variables influence diesel exhaust fluid market aftermarket demand, including the growth in average vehicle age, infrastructure development, the increase in the number of cars on the road, average mileage, DEF replacement cycle, and increased attention to vehicle maintenance.
Read More: https://www.marketresearchfuture.com/reports/diesel-exhaust-fluid-market-5034
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Bunker Fuel Market Size Estimation, Current Industry Status, Growth Opportunities, 2030
Bunker Fuel is used in ships and other vessels. It is also called heavy fuel oil as it is used to power large ships and major machinery. It is a type of fuel oil that is used as a replacement for diesel. It is also used in power generation and as a heating energy source. Bunker Oil is a residue product that is used to transport other refined products. Bunker fuel is similar to fuel oil, but is much thicker and contains higher levels of sulfur. Because of this, most ships and machinery that use bunker fuel are confined to enclosed areas to prevent the smell from being too strong.
COVID-19 negatively affected the Bunker fuel market due to the lockdown imposed by the government. There was a closedown of trade activities and also transport was affected. trades carried out through ships got affected as there was restriction. These have affected the bunker fuel market as its demand decreased due to the stoppage of trade and marine activities.
Based on region, the global Bunker fuel market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World.
North America is anticipated to be the fastest-growing region in the Bunker fuel market due to the increasing demand for Bunker Fuel applications in industrial sectors and the need for bunker fuel in the region. Moreover, the region is witnessing a substantial investment in its infrastructure sector, which is further boosting the demand for Bunker Fuel. The American Bunker fuel market is dominated by the U.S. and Canada. However, emerging economies in the region such as Mexico, Brazil, and Chile are expected to register high growth rates during the forecast period.
The market in the rest of the world includes Latin America, Africa, the Middle East, and The Rest of the World. Latin American Bunker fuel market is projected to grow at the highest rate in the world during the forecast period. The factors that are playing a key role in the market growth include the increasing penetration of the bunker fuel market in the marine and transportation industries. An increase in investments to improve the infrastructure and the benefits offered by bunker fuel are the major factors driving the Latin American bunker fuel market. Growth in the bunker fuel market is also being driven by government initiatives.
The bunker fuel market in Europe is poised to gain from the introduction of advanced low emission fuels (ALEFs) and investments in marine fuels. The demand for bunker fuel is likely to increase as the quantities of bunker fuel are expected to more than double for new ships and will more than double for existing ships over the forecast period.
The Asia Pacific region continues to hold the largest market share in the creation of bunker fuel, mainly due to its strong economic growth. Developing countries such as India, Indonesia, and Malaysia, which still have a growing middle class, are also growing the number of bunker fuel transactions. The availability of bunker fuel and its cost of it are also factors that are influencing the market share of the Asia Pacific region.
The key players operating in the global Bunker fuel market include BP p.l.c., Exxon Mobil Corporation, Royal Dutch Shell PLC., Lukoil, Sinopec Group, Gazprom Neft PJSC, Chevron Corporation, Petronas, Total SE, and Neste.
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Stretch And Shrink Film Market Business Overview, Challenges, Opportunities, Trends and Analysis by 2030
The global Stretch and Shrink Film market was valued at USD 15.88 billion in 2021 and is projected to reach USD 25.71 billion by 2030 at a CAGR of 5.5%.
Stretch films can be stretched to a large area while displaying improved protection for the bulk products. The elastic recovery keeps the items tightly bound. In contrast, shrink wrap is applied loosely around an item and shrinks tightly with heat. The most common stretch and Shrink wrap material is linear low-density polyethylene or LLDPE, produced by copolymerization of ethylene with alpha-olefins, the most common of which are but hexene and octene. There is a massive expansion in the food processing industry across the globe.
Increasing demand for clean and labeled items increases as people become more health-conscious. This is pressuring food and beverage companies to guarantee that their product packaging is of high quality. Increased demand for processed foods and drinks is the key to the global stretch films market's growth, as the market shows no signs of slowing down. stretch film producers are always attempting to improve the quality of their goods, resulting in a variety of R&D projects.
Competitive Landscape
The Stretch and Shrink film Market is driven by the rising development in the food processing and packaging sectors. Companies such as Dow, Bemis, and LyondellBasell have established themselves as major players, enjoying a significant early mover advantage. The company's significant market experience of the companies enables them to formulate better competitive strategies compared to other players. Due to strategies such as, the company offers price reductions and discounts to attract more customers. The strategic initiatives are primarily limited to setting up retail and distribution chains and networks for product sales. The Asia Pacific holds the largest market share due to the growing food and beverage industry, particularly China and India. North America is expected to be driven by several consumer goods manufacturing companies, such as Groupo Bimbo in Mexico and Canada. Even other regions like Europe, Latin America, and areas in the middle east and Africa are putting their best foot forward in the Stretch and Shrink film market.The Stretch and Shrink Film markets are fragmented, with players accounting for marginal market shares. Some of the companies in the market are Dow, Berry Plastics, Vitopel, Anchor Packaging, Intertape Polymer Group, Bemis Company, Paragon Films, and FUJI.
Segmentation
By Resin
LLDPE: Linear Low-Density Polyethylene ) is a substantially linear polymer with significant numbers of short branches, commonly made by copolymerization of ethylene with longer-chain olefins.
LDPE: Low-Density Polyethylene is a thermoplastic made from the monomer ethylene. It was the first grade of polyethylene, a soft, flexible, lightweight plastic material.
PVC: Polyvinyl chloride is the world's third-most widely produced synthetic polymer of plastic. PVC is available in two forms rigid and flexible.
Others: HDPE (High-density polyethylene), PP (Polypropylene), Polyethylene, Polyvinylchloride, and many more resins produce Stretch and Shrink films.
By Product
Hoods: Stretch and Shrink hood is the fastest growing packaging technique for transporting pallet goods. This packaging method aims to deliver high loading stability combined with pallet integrity for safe and fast transportation.
Sleeves and Labels: Stretch and shrink sleeve labels are plastic or polyester labels that wrap the whole perimeter of a product. Stretch labels are typically made of LDPE and are highly elastic so that they can be pulled over the product container.
Wraps: Wrap is commonly made out of PVC (Polyvinylidene Chloride). The wrap is a thin plastic film typically used for sealing food items in containers to keep them fresh over time.
Others: Other types of packaging are UVI, Vacuum Packaging, Preservation Packaging, and Shock Mount Packaging.
By Application
Food & Beverage: LDPE-based stretch and shrink films are primarily used in the food & beverage industry because of their superior performance and high transparency as a food contact material.
Industrial Packaging: Stretch and shrink Film wrap products on pallets and secure them to each other and the pallet. Helping to reduce product loss, discourage load tampering, and reduce worker injury.
Consumer Goods: Consumer packaged goods include food, beverages, cosmetics, and cleaning products. All these products are packed with the help of Stretch and Shrink Films.
Pharmaceutical: Stretch and Shrink Film protect medical products from potentially harmful outside forces such as moisture and dirt by creating an air-tight environment and allowing storage in a refrigerator, water, or ice.
Others: The stretch films find application in timber, cement, construction material, metal, and other industrial products. They are used for export and import application of the goods mentioned above
By Region
North America: North America is expected to be a potential market due to the increased knowledge regarding the use of Stretch and Shrink Film to maintain the quality of processed food.
Europe: The Stretch and Shrink Film market is a growing market driven by the rising development in food processing and packaging in Europe. Due to strategic innovations such as product launches and enhanced R&D operations in developing markets, the Stretch and Shrink Film is strengthening.
Asia-Pacific: Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan. The packaging used in the food processing industry is highly susceptible to film formation. Due to the increased demand for packaged food in countries like India and China, the use of Stretch and Shrink Film is expected to increase in Asia-Pacific.
Latin America: The growing demand is due to the rise in industrialization and increasing government investments in significant countries.
Middle East & Africa: Raw materials are easily available in this region. stretch and shrink film has been playing a huge role in the packaging and is proving out to be an evident product in the growth of the potential industrial players. With the growth and development in the packaging industry, the product market is projected to recive certified growth prospects in the coming future.
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Biodegradable Chelating Agents Market 2022: Size, Share, Growth and Trends by Forecast to 2030
The global Biodegradable chelating agents market was valued at USD 5,184 Million in 2021 and is projected to reach USD 7,70,384 million by 2030 at a CAGR of 4.5%.
Green chelates/Natural chelating agents are biodegradable materials mainly used for washing or cleaning. These materials are primarily used in Laundry, surface care, detergents, and homecare. Common chelating agents are poorly biodegradable, and there are concerns about their environmental effects. Heavy metals, which are very toxic to water and soil, are used in these. Growth in personal consumption of these products leads to more demand for biodegradable chelating agents market. Also, the use of chelating in cleaning products is rising. It is a chemical agent that can prevent minerals in hard water and the minerals. Preventing allergies and shelf life microbial effects are some of the features of chelating. These features of chelating agents will improve hygiene in many regions. All these factors are expected to increase chelating agents' market value immensely.
Competitive Landscape
The competition in the chelating agents market is constantly surging. The market continues to be fragmented, and the competitive environment is extreme, with the window involvement of prominent and small players. The entrance of key players will boost the overall competition. There are plenty of factors that raise the growth of this market. Market acquisitions, expansions, and mergers are key regions in the competitive landscape. All these factors will contribute to the expansion of this market in the forecast period. Green chelating products have promising developments.
BASF SE, Akzo Nobel, DowDuPont, Nouryon, Mitsubishi Chemical Corporation, Zhonglan industry, Tosoh Corporation, ADM, Natural Ingredients Corp. and Nouryon are some companies that are competing in the market for biodegradable Chelating Agents.
Segmentation
By product type
Citric: Citric is an excellent chelating agent. It is used to remove and discourage limescale buildup from boilers and evaporators. It can be used to treat water, making it helpful in improving the effectiveness of soaps and laundry detergents. A manufactured form of citric acid is commonly used as an additive in food, cleaning agents, and nutritional supplements.
Amino polycarboxylates (APCA): The chelating properties of amino polycarboxylates can be engineered by varying the groups linking the nitrogen atoms to increase selectivity for a particular metal ion.
Organophosphates: Organophosphorus compounds are used as pesticides and insecticides accumulating in soil and aquatic organisms.
Sodium gluconate: Sodium gluconate is a compound with formula NaC6H11O7. It is a white powder that is soluble in water.It is used as a chelating agent, a steel surface cleaning agent, a cleaning agent for glass, and as a chelating agent for cement, plating and alumina dyeing industries.
Others: Other Global Biodegradable Chelating Agents are EDTA, DPTA, HEDTA, NTA, and many more. All Biodegradable Chelating Agents are used for cleaning or washing.
By Application
Pulp & paper: The pulp & paper industry is one of the most growing industries. Many opportunities provided by the green economy are being used in this industry. The pulp & paper industry will boost the chelating agent market growth in the region.
Water treatment: In regions of the Middle East & Africa, Biodegradable Chelating Agents are widely used for water treatment. EDDS is a biodegradable potential alternative to EDTA for this application and was tested as a treatment for seawater.
Agrochemical: Metallic plates are commonly used as micronutrient fertilizers to deliver iron, magnesium, and copper to plants, which has boosted the use of agrochemicals and the growing demand for agrochemicals.
Health care: Several formulations containing various biodegradable chelating agents, such as citric acid, salicylic acid, NTA, EDDS, MGDA, and GLDA, have been reported for cleaning and disinfection, which are mainly used for medical purposes.
Food & beverages: Biodegradable Chelating agents protect food products from enzymatic reactions that promote deterioration during processing and storage.
Others (textile, metal,personal care,health care,building & construction,oil & gas)
By Region
North America: North America is also expected to be a potential market in the future due to the increased knowledge regarding the use of Biodegradable Chelating Agents. Urbanization is rapidly surging the need for the market. Industrialization and the growing population is another driving factor.
Europe: In Europe, many opportunities provided by the green economy are used by the region for different kinds of industries such as pulp and paper. The pulp & paper industry will boost the chelating agent market growth in the region.
Asia-Pacific: Asia-Pacific constituted a significant share of the global biodegradable chelating agents market. The rising preference for Biodegradable chelating agents is employed in the paper & pulp industry to control scaling and protect bleach potency during paper production.
Latin America: The growing demand is due to the rise in industrialization and increasing government investments in significant countries. Plenty of land resources, fertile soils, sufficient water supply, and desirable climatic conditions in Latin America serve a unique comparative advantage.
Middle East & Africa: Rapid industrialization in emerging economies such as the UAE and Qatar, where factories are keen to implement water and wastewater treatment processes in line with the requirements for industrial sewage disposal. The rising stringent regulations regarding water production in the region are projected to drive the demand for chelating agents.
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Antifog Additives Market 2022: Top Key Players, Drivers and Trends by Forecast to 2030
The global antifog additives market was valued at USD 1.7 billion in 2021 and is projected to reach USD 3 billion by 2030 at a CAGR of 7.0%.
Antifog Additives Market are organic compounds that tend to reduce the surface tension of water and thereby prevent droplets from forming on the plastic surface. Fogging is the phenomenon of condensation of water vapor on the surface of the packaging material in the form of tiny discrete droplets. Antifog Additives help prevent fog formation in plastic films, primarily seen in agricultural and food packaging applications.
Antifog coatings are applied to the surface of the plastic sheet or film. These external coatings work similarly to the internal additives in that they help decrease the surface tension between the water droplets and the material’s surface, resulting in improved transparency. This is one of the major driving factors in the antifog additives market.
Competitive Landscape
The competitive landscape offers an analysis of the key developments by the companies operating in the market worldwide. Key companies operating in the global ecosystem are highly innovative in terms of product innovation, product positioning, research & development activities, expansion strategies and more.
The Antifog Additives market is driven by the rising development in the food processing and packaging sectors. Due to strategic innovations, such as product launches and enhanced R&D development operations in developing markets, the antifog additives market is strengthening. North America is leading the market, followed by Asia-Pacific and Europe. The main factors driving the antifog additives market are the cost-effective additive manufacturing and enhanced food and packaging sector demand. However, factors such as strict public regulations and plastic-related environmental issues are anticipated to limit the development of the antifog additives market during the forecast period. LyondellBasell Industries Holdings B.V., Croda International PLC, Emery Oleochemicals, Avient, DuPont, PolyOne Corporation, A. Schulman, Inc., Akzo Nobel N.V., Clariant AG, Evonik Industries, Ashland Inc., Corbion N.V.are some of the companies which are leading in Antifog market.
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Segmentation
By Type
Glycerol Esters: Glycerol Esters has three hydroxyl groups,in which one, two or three groups can be esterified by fatty acids to form monoglycerides, diglycerides, and triglycerides. The ester functional group gives a hydrophilic end, and the fatty acid chain offers a lipophilic part.
Polyglycerol Ester: Polyglycerol esters are a class of food emulsifiers used extensively within the food industry because of their amphiphilic nature in various types of food. The corresponding polyglycerol esters are produced from polyglycerol and fatty acids in the direct esterification of triglycerides and polyglycerol
Sorbitan Esters of fatty acids: Sorbitan esters are nonionic emulsifiers that stabilize W/O emulsions. Together with ethoxylated derivatives, they can act as O/W emulsifiers in formulations. The ethoxylated sorbitan esters (polysorbates) are more hydrophilic and have good solubilizing properties.
Ethoxylated Sorbitan Esters: Ethoxylated sorbitan ester is chemically a surfactant used in the preparation of emulsion, creams, soaps, and ointments in the pharmaceuticals and cosmetics industries.
By Application
Agricultural Films: Antifog Additives are a barrier in agricultural applications, reducing water dripping and improving light transmission rates, effectively increasing crop yield.
Food Packaging: The antifog additive enhances product appeal and shelf life in food packaging. When food is packed in a film where water droplets can form, it will aid in damaging produce, and the presence of water will allow the produce to rot.
Others: Antifog agents are primarily available in the form of creams, gels, ideally coatings are applied during the time of the manufacturing processes itself. Antifog Additives can be added to plastics from where they can move out from the inner side of the plastic.
By Region
North America: North America is expected to be a potential market in the future due to the increased knowledge regarding the use of antifog additives to maintain the quality of processed food.
Europe: The antifog additives market is a growing market driven by the rising development in food processing and packaging in Europe. Due to strategic innovations such as product launches and enhanced R&D operations in developing markets, the antifog additives market is strengthening.
Asia-Pacific: Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan. The packaging used in the food processing industry is highly susceptible to fog formation. Due to the increased demand for packaged food in countries like India and China, antifog additives are expected to increase in Asia.
Latin America: The growing demand is due to the rise in industrialization and increasing government investments in significant countries.
Middle East & Africa: In the region of Middle East and Africa raw materials are easily available to manufacturers and also enables easy supply to consumers in Saudi Arabia and expand its global network with a stronger position in the Middle East & Africa, one of the significant growth markets for plastic applications.
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Thermoset Molding Compound Market Size, Manufacturers, Revenue, Demand, Segments and Forecast 2030
Thermoset resins give thermosetting plastic parts heat resistance, dimensional stability, high bending strength, electrical insulation, and functionality, making them perfect for a wide range of applications. Market expansion is being fueled by rising demand for heavy metals and safety in transportation and aircraft, the need for thermal stability, and corrosive composites. Electrical insulation and other thermosetting molding qualities make it a perfect material for some end applications. Corrosion and heat resistance, as well as the ability to lengthen the product life cycle and improve the efficiency of electrical applications, are all important factors driving market expansion. The expansion of the thermosetting molding compound market is fueled by factors such as the requirement for reduced weight in aircraft and transportation, as well as an increase in demand for high thermal stability corrosion-resistant components. Thermosetting resins reduce rust on car bodies and vital mechanical parts, lengthen forecast durations, and broaden uses in the automotive business, all of which are critical reasons for future market growth.
The market is growing because of the rapid increase in investment in the electronics sector in developing countries. Manufacturers are interested in phenolic resins for electrical components with excellent mechanical strength and heat resistance, which are ideal for electronic applications all over the globe.
The COVID-19 pandemic had a huge impact on the world economy and on commerce, it had negatively impacting not only commercial, home, and financial institutions' supply chains, but also industrial and infrastructure organizations. Global trade restrictions and regulatory reforms in the chemicals industry will have a significant impact on the market in the short term, limiting demand.
The molding industry is were forced to shut down or limit production activities as they were lying under the category of non-essential applications as a result of the COVID-19 pandemic. As a result of the pandemic, the thermoset molding compound industry has slowdown.
Based on region, the global thermoset molding compound market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific accounts for the majority shares of the thermoset molding compound market. As it consists of countries, such as China, Japan, South Korea, India, Australia, and the rest of Asia-Pacific, During the projected period, China and India are expected to lead the market for thermoset molding compounds. Furthermore, the ruling governments of India and China are projected to contribute significantly to the expansion of the thermoset molding compounds market through their efforts to construct smart cities and modern infrastructure. The presence of a large population, as well as government investment in transportation infrastructure to strengthen the country's economy, have a favorable impact on market growth. The emergence of electronic gadgets has resulted in rapid changes in people's living situations, as well as a rise in their income and spending power, increasing demand for thermoset molding compounds.
North America has long been recognized for its significant market share and continues to grow at a rapid pace in the thermoset molding compound market. Rising awareness, along with increased spending power in the US and Canada, has driven even more growth in the North American region. A lot of research has been done on the phenolic resin in electrical components which provides high mechanical strength and thermal resistance, making them ideal for electrical applications all over the world. As a result, these thermoset molding compounds are gaining popularity in the market.
Europe has a major automotive company presence means that they have a significant share of the Thermoset molding compounds market. Thermoset molding compounds provide considerable benefits in the prevention of rust on the vehicle body and critical mechanical components, reducing service time and increasing predicted lifespan, which promotes its use in the automotive sector and, as a result, drives the market growth.
The market in the rest of the world includes South America, Africa, and the Middle East. The Middle East and Africa are regions of the world with a lot of industrial potentials. New factories in these regions will rival those emerging in other international hotspots such as Brazil. The establishment of new industries and the betterment of financial conditions in the region have consequently led to an increased demand for thermoset molding compounds. Latin America has shown slow growth, as a result of governments interfering in the region.
The key players operating in the global thermoset molding compound market include Ashland Global Holding Inc, BASF, Evonik industries, Hexion Inc, Eastman chemical company, Kolon Industries Inc, Huntsman Corporation, Kyocera chemical corporation, Rogers Corporation, Plastics engineering company (Plenco).
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Multi Layer Cryogenic Insulation Market Share, Regional Analysis, Demand, Major Key Players and Forecast by 2022-2028
The Multi Layer Cryogenic Insulation Market is projected to be worth USD 1,522.78 million by 2028, registering a CAGR of 6.70% during the forecast period (2020–2028)
Multi-layer cryogenic insulation refers to a high-performance material utilized to lower energy leaks and offer a high level of thermal isolation for applications taking place below −75°C. Multi-Layer Cryogenic Insulation Market is broadly utilized in transporting and storing cryogenic gases such as ethylene, LPG, liquid natural gas (LNG), and liquid nitrogen. It is offered for the effective transportation and safe storage of these gases. A range of insulation materials, including polystyrene, polyurethane, fiberglass, polyisocyanurate, cellular glass, and expanded foams, are utilized for multi-layer cryogenic insulation applications.
Segment Analysis
The global Multi Layer Cryogenic Insulation Market has been fragmented into various segments based on end-use, type, and region.
Based on type, the global Multi Layer Cryogenic Insulation Market is divided into perlite, PU & PIR, polystyrene, fiberglass, cellular glass, and others.
Based on end-users, the global market for multi-layer cryogenic insulation is split into shipping, energy & power, electronics, chemicals, and metallurgical, among others.
Regional Analysis
The global market for multi-layer cryogenic insulation is examined across five major regions: Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
As per the MRFR analysis report, the North American region is projected to hold the leading position in the global market for multi-layer cryogenic insulation over the assessment era. The regional market's growth is mainly credited to the rapidly growing power industry across the region. In addition to that, the growing number of LNG projects across the region is another crucial parameter boosting the regional market's growth.
The Multi Layer Cryogenic Insulation Market for the European region is projected to hold the second position across the globe. The regional market's performance is attributed primarily to the deployment of the reviewed EU legislature on insulation material. Furthermore, the surge in the volume of insulation required per end user requirements is another crucial parameter canalizing the regional market's growth.
In 2020, the Asia-Pacific regional market for multi-layer cryogenic insulation secured third position globally. The regional market will exhibit the highest CAGR over the forecasted era. The regional market's growth is mainly attributed to the shifting manufacturing base from western countries to Asia-Pacific.
Competitive Landscape
Some of the prominent players in the global Multi Layer Cryogenic Insulation Market include Armacell International Holding GmbH (Germany), Lydall Inc. (US), Cabot Corporation (US), Technifab Products (US), Dunmore Corporation (US), NICHIAS Corporation (Japan), Aspen Aerogels (US), Owens Corning (US), Isolatie Combinatie Beverwijk B.V. (Netherland), and Abhijit Enterprises (India).
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Rare Earth Recycling Market To Witness A Pronounce Growth Rate 5.79% During 2022 To 2030
The global rare earth recycling market is projected to register a CAGR of around 5.79% to reach USD 735.65 million by the end of 2030.
The global rare earth recycling market is anticipated to be driven by increasing awareness among researchers and allied companies regarding the essence of recycling rare earth metals due to surge in demand from electric vehicle manufacturers. Apart from increased adoption of electric vehicles across developed economies of the world, increasing focus on utilization of wind energy is yet another key attribute supporting growth of the rare earth metal recycling market.
The primary factor driving the global mobile emission catalysts market are growing awareness among common natives globally regarding environmental implications of mining rare earth metal disposals. Additionally, increasing adoption rate of e-waste recycling across developed economies of North America and Europe is further poised to streamline developments in the field of research aligning to disposal norms, thereby substantially boosting market development over the foreseeable future.
Covid Impact Analysis
The outbreak of COVID-19 has resulted in halting of various critical manufacturing units globally, thereby resulting in lower demand for products. Temporary ceasure of businesses across industries and markets have resulted in lower demand for essential feedstocks including rare earth metals across key end-use application markets. However, given the worst situations during the pandemic various governments and managements have imposed a number of fiscal and monetary policies across the globe to limit the damage caused by COVID-19, which is expected to result in certain relief for consumers.
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Segment Analysis
The global rare earth recycling market has been segmented on the basis of type, application, and region
On the basis of type, the global rare earth recycling market has been segmented into light rare earth recycling and medium & heavy rare earth recycling. The light rare earth recycling segment accounted for the largest market share in 2020, with the highest CAGR of over 6.95%. It is extensively used to polish glass surfaces, used in batteries of electric vehicles and more.
By application, the rare earth recycling market has been categorized into permanent magnets, catalysts, glass, ceramics, phosphor, alloy manufacturing, and others. Among these, permanent magnets occupy a significant revenue share of 27.19% in 2020 and is anticipated to reflect steady growth on accounts of increased consumption of the product in electronic gadgets & devices across countries.
Based on region, the global market is classified into North America, Europe, Asa Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to witness the witness the fastest growth due to major capacity expansion of electronic goods manufacturers across countries such as China, Malaysia, and South Korea among others.
Key Findings of the Study:
The global rare earth recycling market is projected to reach a value of USD 735.65 million by 2030, with a CAGR of around 5.79% during the forecast period from 2021 to 2030.
Europe accounted for the largest market share in 2020; this is due to the high production and sales of automobiles in countries such as Germany, Spain, and France.
Asia Pacific is expected to be the fastest-growing regional market registering a CAGR of over 8% over the forecast period.
With the rising concern regarding environmental health, the demand for recycling of rare earth metals is increasing. These practices are increasingly being adopted by key market players to establish sustainable businesses globally.
The proliferating automotive industry in Europe coupled with intensive focus on product innovation and novel technology development are observed to be the key opportunities in this market.
Key Players
MRFR recognizes the following companies as the key players in the global rare earth recycling market— Solvay (Belgium), Hitachi Metals (Japan), REEcycle, Inc. (US), Jiangsu Huahong Technology Co., Ltd (China), Lynas (Malaysia), GanZhou QianDong Rare Earths Group Co., Ltd (China), Mitsubishi Chemical Corporation (Japan), Nissan Motor Co Ltd (Japan), Geomega Resources (Canada), and Shenghe Resources Holdings Co., Ltd. (China) among others.
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