Recent Updates
  • The global cotton yarn market size was valued at USD 94.40 billion in 2022. The market is estimated to expand from USD 82.81 billion in 2023 to USD 100.68 billion by 2028, exhibiting a CAGR of 4.0% over the estimated period. The rise is credited to the unique characteristics of yarn that influence the quality of finished textile goods.

    This information is provided by Fortune Business Insights™ in its research report, titled “Cotton Yarn Market, 2023-2028”.

    Information Source - https://www.fortunebusinessinsights.com/cotton-yarn-market-107241
    The global cotton yarn market size was valued at USD 94.40 billion in 2022. The market is estimated to expand from USD 82.81 billion in 2023 to USD 100.68 billion by 2028, exhibiting a CAGR of 4.0% over the estimated period. The rise is credited to the unique characteristics of yarn that influence the quality of finished textile goods. This information is provided by Fortune Business Insights™ in its research report, titled “Cotton Yarn Market, 2023-2028”. Information Source - https://www.fortunebusinessinsights.com/cotton-yarn-market-107241
    Cotton Yarn Market Size, Share & Growth Analysis [2023-2028]
    The global cotton yarn market size is projected to grow from $82.81 billion in 2023 to $100.68 billion by 2028, at a CAGR of 4.0% during the forecast period
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  • The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026.

    The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website.

    Information Source

    https://www.fortunebusinessinsights.com/industry-reports/marine-lubricants-market-100423

    Drivers –

    Rising Focus on Enhancing the Operability of Ship Engines will Drive Market

    The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus.

    Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.”

    Regional Analysis –

    Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market

    Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period.

    On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future.

    Competitive Landscape –

    Companies Engage in Contracts and Agreements to Stay Ahead of Competition

    An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe.
    The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026. The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website. Information Source https://www.fortunebusinessinsights.com/industry-reports/marine-lubricants-market-100423 Drivers – Rising Focus on Enhancing the Operability of Ship Engines will Drive Market The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus. Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.” Regional Analysis – Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period. On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future. Competitive Landscape – Companies Engage in Contracts and Agreements to Stay Ahead of Competition An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Marine Lubricants Market Size, Industry Share, Forecast, Report, 2032
    The global marine lubricants market size was valued at USD 8.01 billion in 2018, and it is estimated to reach USD 9.47 billion by 2026, with a CAGR of 2.13% over the forecast period.
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  • The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”.

    Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896

    Segments

    Small Equipment Segment to Lead Owing to Strong Demand

    By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand.

    Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste

    As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste.

    Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    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.

    Driving Factors

    Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth

    E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth.

    However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress.

    Regional Insights

    Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific

    The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption.

    In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption.

    Competitive Landscape

    Key Players Deploy Partnerships to Bolster their Brand Image

    The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position.

    Key Industry Development

    February 2022: A South Korean construction company SK Ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion.
    List of Key Players Profiled in the Report

    Capital Environment Holdings Limited (Hong Kong)
    Eri (U.S.)
    Enviro-Hub Holdings Ltd. (Singapore)
    Sembcorp Environmental Management (Singapore)
    Tes (Japan)
    Tetronics Technologies Limited (U.K.)
    Umicore Ag & Co. Kg (Germany)
    Veolia (France)
    WM Intellectual Property Holdings, L.L.C. (U.S.)
    Sims Lifecycle Services, Inc. (U.S.)
    Boliden AB (Sweden)
    The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”. Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896 Segments Small Equipment Segment to Lead Owing to Strong Demand By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand. Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste. Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 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. Driving Factors Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth. However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress. Regional Insights Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption. In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption. Competitive Landscape Key Players Deploy Partnerships to Bolster their Brand Image The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position. Key Industry Development February 2022: A South Korean construction company SK Ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion. List of Key Players Profiled in the Report Capital Environment Holdings Limited (Hong Kong) Eri (U.S.) Enviro-Hub Holdings Ltd. (Singapore) Sembcorp Environmental Management (Singapore) Tes (Japan) Tetronics Technologies Limited (U.K.) Umicore Ag & Co. Kg (Germany) Veolia (France) WM Intellectual Property Holdings, L.L.C. (U.S.) Sims Lifecycle Services, Inc. (U.S.) Boliden AB (Sweden)
    E-waste Management Market Share & Industry Growth [2029]
    The global e-waste management market is projected to grow from 50.47 million tons in 2022 to 63.22 million tons by 2029, at a CAGR of 3.3% in forecast period
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  • The global adhesives and sealants market size stood at USD 62.63 billion in 2021. The market could surge from USD 65.38 billion in 2022 to USD 92.29 billion by 2029 at a 5.0% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Adhesives and Sealants Market, 2022-2029.”

    According to an analysis, adhesives, and sealants have become sought-after across the automotive, construction, and consumer sectors. Leading companies could invest in advanced technologies to boost their portfolios. To illustrate, in May 2020, Creative Materials, Inc. rolled out a new gold conductive ink adhesive, 128-24, that reportedly provides high effectiveness with less gold.

    Information Source - https://www.fortunebusinessinsights.com/industry-reports/adhesives-and-sealants-market-101715
    The global adhesives and sealants market size stood at USD 62.63 billion in 2021. The market could surge from USD 65.38 billion in 2022 to USD 92.29 billion by 2029 at a 5.0% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Adhesives and Sealants Market, 2022-2029.” According to an analysis, adhesives, and sealants have become sought-after across the automotive, construction, and consumer sectors. Leading companies could invest in advanced technologies to boost their portfolios. To illustrate, in May 2020, Creative Materials, Inc. rolled out a new gold conductive ink adhesive, 128-24, that reportedly provides high effectiveness with less gold. Information Source - https://www.fortunebusinessinsights.com/industry-reports/adhesives-and-sealants-market-101715
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Adhesives and Sealants Market Share | Global Trends [2029]
    The global adhesives and sealants market is projected to grow from $65.38 billion in 2022 to $92.29 billion by 2029, at a CAGR of 5.0% in forecast period
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  • The global graphene market size was valued at USD 269.6 million in 2021. The market is projected to grow from USD 337.0 million in 2022 to USD 2,172.2 million by 2029, exhibiting a CAGR of 30.5% during the forecast period.

    This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.”

    Information Source - https://www.fortunebusinessinsights.com/graphene-market-102930

    Segments:

    GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries

    Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others.

    GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029.

    Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material

    In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others.

    Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing.

    Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Coverage:

    The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective.

    Drivers and Restraints:

    Growing Product Penetration in the Electronics Industry to Aid Growth

    Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power.

    Regional Insights:

    Asia Pacific to Dominate Backed by Favorable Government Policies

    Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region.

    The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region.

    The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities.

    Competitive Landscape:

    Partnerships among Companies to Secure their Brand Values in Global Market

    Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.

    Key Industry Development:

    July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection.

    List of Key Players Mentioned in the Report:

    Haydale Graphene Industries plc (U.K.)
    Graphenea (U.S.)
    ACS Material (U.S.)
    XG Sciences (U.S.)
    Global Graphene Group (U.S.)
    Applied Graphene Materials (U.K.)
    Grolltex Inc (U.S.)
    Directa Plus S.p.A (Italy)
    NanoXplore Inc. (Canada)
    Thomas Swan & Co. Ltd. (K.)
    First Graphene (Australia)
    Talga Group (Australia)
    Graphite Central (U.S.)
    The global graphene market size was valued at USD 269.6 million in 2021. The market is projected to grow from USD 337.0 million in 2022 to USD 2,172.2 million by 2029, exhibiting a CAGR of 30.5% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.” Information Source - https://www.fortunebusinessinsights.com/graphene-market-102930 Segments: GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others. GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029. Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others. Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing. Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage: The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective. Drivers and Restraints: Growing Product Penetration in the Electronics Industry to Aid Growth Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power. Regional Insights: Asia Pacific to Dominate Backed by Favorable Government Policies Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region. The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region. The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities. Competitive Landscape: Partnerships among Companies to Secure their Brand Values in Global Market Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users. Key Industry Development: July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection. List of Key Players Mentioned in the Report: Haydale Graphene Industries plc (U.K.) Graphenea (U.S.) ACS Material (U.S.) XG Sciences (U.S.) Global Graphene Group (U.S.) Applied Graphene Materials (U.K.) Grolltex Inc (U.S.) Directa Plus S.p.A (Italy) NanoXplore Inc. (Canada) Thomas Swan & Co. Ltd. (K.) First Graphene (Australia) Talga Group (Australia) Graphite Central (U.S.)
    Graphene Market Size, Growth, Share | Research Report [2029]
    The global graphene market is projected to grow from $337.0 million in 2022 to $2,172.2 million by 2029, at a CAGR of 30.5% in the forecast period, 2022-2029
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  • Titanium dioxide market is a naturally occurring mineral that is widely used as a pigment in a variety of industries, including paint, coatings, plastics, paper, and cosmetics. It is also used as a whitening agent in food products and as a sunscreen in personal care products. The global titanium dioxide market has been growing steadily in recent years, driven by increasing demand from various end-use industries. In this blog, we will take a closer look at the titanium dioxide market, its growth drivers, challenges, and future prospects.

    Information Source- https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390

    Market Overview:

    According to a recent report by Allied Market Research, the global titanium dioxide market was valued at $15.2 billion in 2019 and is projected to reach $24.5 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027. The growth of the market can be attributed to the increasing demand for titanium dioxide from various end-use industries such as paints and coatings, plastics, paper, and cosmetics.

    Paints and Coatings:

    The paints and coatings industry is the largest consumer of titanium dioxide, accounting for more than half of the total demand. Titanium dioxide is used as a pigment in paints and coatings due to its excellent opacity, brightness, and durability. It provides better hiding power and color retention than other pigments and is also resistant to weathering and UV radiation. The increasing demand for high-quality and durable paints and coatings in the construction, automotive, and aerospace industries is expected to drive the demand for titanium dioxide in the coming years.

    Plastics:

    The plastics industry is another major consumer of titanium dioxide, accounting for around 20% of the total demand. Titanium dioxide is used as a whitening agent in plastics to enhance their brightness and opacity. It is used in a variety of plastic applications, such as packaging, automotive parts, and electrical components. The growing demand for lightweight and high-performance plastics in various industries, such as automotive, packaging, and construction, is expected to drive the demand for titanium dioxide in the plastics industry.

    Cosmetics:

    Titanium dioxide is widely used as a sunscreen in the cosmetics industry due to its ability to reflect and scatter UV radiation. It is used in a variety of personal care products, such as sunscreens, moisturizers, and foundations. The growing awareness among consumers about the harmful effects of UV radiation and the increasing demand for natural and organic personal care products is expected to drive the demand for titanium dioxide in the cosmetics industry.

    Challenges:

    The titanium dioxide market faces several challenges that could hinder its growth in the coming years. One of the main challenges is the environmental impact of titanium dioxide production. The production of titanium dioxide requires large amounts of energy and produces significant amounts of greenhouse gases and other pollutants. The increasing pressure from regulatory authorities and consumers to reduce the environmental impact of titanium dioxide production is expected to drive the demand for more sustainable production methods.
    Titanium dioxide market is a naturally occurring mineral that is widely used as a pigment in a variety of industries, including paint, coatings, plastics, paper, and cosmetics. It is also used as a whitening agent in food products and as a sunscreen in personal care products. The global titanium dioxide market has been growing steadily in recent years, driven by increasing demand from various end-use industries. In this blog, we will take a closer look at the titanium dioxide market, its growth drivers, challenges, and future prospects. Information Source- https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390 Market Overview: According to a recent report by Allied Market Research, the global titanium dioxide market was valued at $15.2 billion in 2019 and is projected to reach $24.5 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027. The growth of the market can be attributed to the increasing demand for titanium dioxide from various end-use industries such as paints and coatings, plastics, paper, and cosmetics. Paints and Coatings: The paints and coatings industry is the largest consumer of titanium dioxide, accounting for more than half of the total demand. Titanium dioxide is used as a pigment in paints and coatings due to its excellent opacity, brightness, and durability. It provides better hiding power and color retention than other pigments and is also resistant to weathering and UV radiation. The increasing demand for high-quality and durable paints and coatings in the construction, automotive, and aerospace industries is expected to drive the demand for titanium dioxide in the coming years. Plastics: The plastics industry is another major consumer of titanium dioxide, accounting for around 20% of the total demand. Titanium dioxide is used as a whitening agent in plastics to enhance their brightness and opacity. It is used in a variety of plastic applications, such as packaging, automotive parts, and electrical components. The growing demand for lightweight and high-performance plastics in various industries, such as automotive, packaging, and construction, is expected to drive the demand for titanium dioxide in the plastics industry. Cosmetics: Titanium dioxide is widely used as a sunscreen in the cosmetics industry due to its ability to reflect and scatter UV radiation. It is used in a variety of personal care products, such as sunscreens, moisturizers, and foundations. The growing awareness among consumers about the harmful effects of UV radiation and the increasing demand for natural and organic personal care products is expected to drive the demand for titanium dioxide in the cosmetics industry. Challenges: The titanium dioxide market faces several challenges that could hinder its growth in the coming years. One of the main challenges is the environmental impact of titanium dioxide production. The production of titanium dioxide requires large amounts of energy and produces significant amounts of greenhouse gases and other pollutants. The increasing pressure from regulatory authorities and consumers to reduce the environmental impact of titanium dioxide production is expected to drive the demand for more sustainable production methods.
    Titanium Dioxide Market Size, Industry Share, Global Analysis, 2030
    The global titanium dioxide market size was USD 16,640.4 million in 2019 and is projected to reach USD 24,092.5 million by 2027, exhibiting a CAGR of 6.0% during the forecast period.
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  • The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019.

    Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706

    The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly.

    The market report includes:

    All-encompassing report of the market
    Critical insights into the market
    Dominant regions in the world
    Market drivers and restraints
    Competitive landscape
    COVID-19 impact
    Market Driver:

    Evolving Consumer Lifestyle to Influence Massive Growth

    The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans.

    COVID-19 Impact:

    Varied Effect of COVID-19 on the Beverage Cans Market

    The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic.

    Regional Analysis:

    Inclination towards Healthy Beverages to Boost Market in North America

    North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years.

    Key Development:

    July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually.

    The Report Lists the Key Companies in the Market:

    Ball Corporation (U.S.)
    Orora Packaging Australia Pty Ltd (Australia)
    Crown Holdings, Inc. (U.S.)
    Ardagh Group S.A. (Ireland)
    CANPACK S.A. (Poland)
    GZ Industries Ltd. (Nigeria)
    CPMC Holdings Ltd. (China)
    MSCANCO (Saudi Arabia)
    Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan)
    Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka)
    Universal Can Corporation (U.S.)
    Techpack Solutions (China)
    Baosteel Metal Co., Ltd. (China)
    Asia Packaging Industries (Vietnam)
    Silgan Holdings (U.S.)
    Other Key Players
    The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players
    Beverage Cans Market Size & Growth | Global Report [2027]
    The global beverage cans market size was USD 25.31 billion in 2019 and is projected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period.
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  • The global resilient flooring market size is projected to reach USD 58.11 billion by 2027, exhibiting a CAGR of 1.7% during the forecast period. Development and availability of eco-friendly flooring and tiling solutions will be a major growth determinant for this market, observes Fortune Business Insights™ in its report, titled “Resilient Flooring Market Size, Share & COVID-19 Impact Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By Application (Residential, Commercial and Others), and Regional Forecast, 2020-2027”. The heightened need for making brick-and-mortar structures more sustainable and low carbon-emitting is nudging builders and homebuyers to opt for environment-friendly interiors. Flooring and tiling are essential components of home aesthetics and recycled and natural materials are being increasingly utilized to produce innovative solutions. For example, cork, which is derived from the oak tree, is fire-resistant, has antimicrobial properties, and is relatively less expensive, all of which make it a highly attractive flooring option. Similarly, bamboo floor tiles are gaining popularity as bamboo is natural and recyclable as well as durable and easy to maintain. The growing availability of resilient flooring products made from natural materials is expected foster healthy growth of this market in the foreseeable future.

    Information Source - https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
    The global resilient flooring market size is projected to reach USD 58.11 billion by 2027, exhibiting a CAGR of 1.7% during the forecast period. Development and availability of eco-friendly flooring and tiling solutions will be a major growth determinant for this market, observes Fortune Business Insights™ in its report, titled “Resilient Flooring Market Size, Share & COVID-19 Impact Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By Application (Residential, Commercial and Others), and Regional Forecast, 2020-2027”. The heightened need for making brick-and-mortar structures more sustainable and low carbon-emitting is nudging builders and homebuyers to opt for environment-friendly interiors. Flooring and tiling are essential components of home aesthetics and recycled and natural materials are being increasingly utilized to produce innovative solutions. For example, cork, which is derived from the oak tree, is fire-resistant, has antimicrobial properties, and is relatively less expensive, all of which make it a highly attractive flooring option. Similarly, bamboo floor tiles are gaining popularity as bamboo is natural and recyclable as well as durable and easy to maintain. The growing availability of resilient flooring products made from natural materials is expected foster healthy growth of this market in the foreseeable future. Information Source - https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
    Resilient Flooring Market Size, Share | Global Industry Report [2027]
    The global resilient flooring market size was $29.62 billion in 2019 & is projected to reach $58.11 billion by 2027, exhibiting a CAGR of 9.3% in forecast period
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  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.

    Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market

    polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.

    Benefits of Using Polylactic Acid Market-Based Materials

    Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks.

    polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications. Benefits of Using Polylactic Acid Market-Based Materials Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks. polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

    Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056

    Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

    Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents **** roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.

    Segmentation

    Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

    On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Highlights

    The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

    Driving Factor

    Development of Eco-friendly Road Marking Solutions to Invigorate the Market

    Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

    Regional Insights

    Robust Demand for Construction Activities to Propel the Market in Asia Pacific

    Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

    In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

    Competitive Landscape

    Key Players to Strategically Deepen Business Ties across Geographies

    Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market. Regional Insights Robust Demand for Construction Activities to Propel the Market in Asia Pacific Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020. In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members. Competitive Landscape Key Players to Strategically Deepen Business Ties across Geographies Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    Traffic Road Marking Coatings Market Size | Growth [2021 2028]
    The traffic road marking coatings market is projected to grow from $6.31 billion in 2021 to $8.34 billion in 2028 at a CAGR of 4.1% during forecast period
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