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Cladding Systems Market Industry Trends, Opportunities | Global Cladding Systems Market Forecast to 2026

The Cladding Systems Market is an industry that manufactures and installs various types of cladding solutions for buildings and other structures. Cladding is an important part of the construction process because it provides good insulation and weather protection. It is suitable for usage in both business and residential structures, as well as for outdoor applications such as balcony cladding and roofing. Cladding materials commonly utilised include aluminum, stainless steel, zinc, copper, stone, and wood.

The cladding systems market has been dominated by large players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Cembrit Holding A/S (Denmark), Louisiana Pacific Corporation (US), and Kingspan PLC (UK). These players have adopted various growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

The strategies of expansions, acquisitions, and new product launches together accounted for the largest share of all the strategic developments that took place in the cladding systems market between 2016 and 2021. Key players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland) adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cladding systems market.

Lignosulfonates Market Predicted to Boom in Europe Region in Coming Years

The report "Lignosulfonates Market by Product (Sodium Lignosulfonate, Calcium Lignosulfonate, Magnesium Lignosulfonate), Application (Oil Well Additives, Concrete Additives, Animal Feed Binders, Dust Control), and Region - Global Forecast to 2027" global lignosulfonates market is expected to grow from USD 1.2 billion in 2022 to 1.4 billion by 2027, at a CAGR of 3.6%. The major factors driving the lignosulfonates market include the growth of major applications such as concrete binders, oil well additives animal feed binders, among others. Furthermore, rising infrastructural activities in different regions drive market growth.

The Sodium lignosulfonate segment, by product, the market accounted the highest share. Sodium lignosulfonates is used for a wide range of applications. It has great demand in the construction industry and agriculture industries. It exhibits strong anti-calcium, high temperature, and resistance to salt properties. Furthermore, Sodium lignosulfonate may be utilized as a pellet binder or as an additive in animal feed.

The concrete additives segment, by application, the market accounted the highest share. Concrete water reducer is one of the application fields of sodium lignosulfonate. Sodium lignosulfonate in concrete can improve concrete workability and significantly reduce the initial heat of hydration for cement hydration. It acts as a retarder and water reducer for concrete. It can also be mixed with early solidifying agents, retarding agents, antifreeze agents, pumping agents, etc.

A good business environment and strict regulatory framework supporting sustainable operations is the major driving factor of the Lignosulfonates market in the region. The region is one of the major importers of lignosulfonate and its related products. It has various lignin manufacturers such as Borregard (Norway), Domsjo Fabriker (Sweden), and Burgo Group (Italy) which hold significant market share.

High-Temperature Composite Materials Market Gaining Momentum Owing to Increasing Demand from Aerospace and Automotive

High-temperature composite materials are a class of composite materials that are designed to withstand extreme temperatures. These materials are used in a variety of applications, including aerospace, automotive, and industrial applications. The materials are composed of a combination of two or more components, such as carbon fibers, glass fibers, and resin, which are designed to retain their strength and stability even at high temperatures. High-temperature composite materials are used to make components and parts that must be able to endure extreme temperatures, such as aircraft engines and space shuttle components.

The global "High-Temperature Composite Materials Market by Temperature Range (High and Ultra-High), Matrix System (PMC, CMC and MMC Materials), Application (Aerospace & Defense, Transportation, Energy & Power, E&E and Others) and by Region - Global Forecasts"

Ceramic matrix composite materials have the highest market share of the high-temperature composite materials market due to large demand from the aerospace & defense industry. High-temperature ceramic is used in cylinder sleeves in engines, piston-recess walls bearings, and brake disks. Their properties such as reduced nitride oxide emission, less weigh & fuel burn, reduced noise, and ability to withstand very high temperatures are driving their growth in the aerospace & defense industry. Besides this, the consumption of ceramic matrix composite materials is also predicted to increase due to growing demand from nuclear fusion & fission reactors and petrochemical applications.

The demand for high-temperature polymer matrix composite materials in the transportation industry for weight reduction and fire, smoke & toxicity (FST) compliance is growing in the modern light and passenger rails. Further, health, safety, and environmental regulations regarding toxic smoke emission standards, specifically, in North America and Europe, are the major factors driving the demand of FST complaint high-temperature thermoset and thermoplastic composite materials in the transportation industry.

North America accounts for the largest market of high-temperature composite materials, globally, due to the high demand from the aerospace & defense industry and regulatory norms requiring the use of eco-friendly materials. Along with the existing capacities, several high-temperature composite manufacturers, such as GE aviation (U.S.) and Boeing Research & Technology (U.S.), are expanding their production capacities for high-temperature oxide/oxide ceramic matrix composite materials.

Metallocene Polyolefin mPO Market by Type Application and by Geography

Metallocene polyolefin (mPO) is a class of polyolefin resin made using a metallocene catalyst, which is a single-site catalyst. This technology results in the production of high-performance polyolefins with improved properties for specific applications. Common uses for metallocene polyolefins include packaging, pipes, and films. Metallocene polyolefins are becoming increasingly popular in the plastic industry due to their superior mechanical, thermal, and optical properties. Additionally, they offer improved processability and recyclability compared to traditional polyolefins. Demand for metallocene polyolefins is expected to increase as manufacturers seek to reduce costs and improve the performance of their products. According to MarketsandMarkets, the global Metallocene polyolefin market size is estimated to grow USD 14.05 Billion by 2021, at a CAGR of 10.15%.

Metallocene polyethylene (mPE) is a type of highly engineered polyethylene produced using two single-site catalysts, or metallocenes. When compared to traditional polyethylene, the end result is a material with superior properties such as increased durability, clarity, and strength. This material is also highly resistant to environmental and chemical damage, making it suitable for use in a wide range of applications including packaging, medical devices, and consumer goods. Because of its superior performance characteristics, which help to reduce costs and improve production rates in a variety of industries, demand for mPE is increasing. Furthermore, the increased use of mPE in the automotive industry has increased demand for this material, as it is used to replace traditional materials in parts such as fuel lines and oil pans. The growing demand for mPE is also fueled by its recyclable and biodegradable properties, which help to reduce environmental impact and waste.

Metallocene polyolefins are a relatively new class of polyolefins distinguished by their highly uniform and isotactic structure, which provides them with unique properties that make them ideal for a variety of applications. The film and sheet application segment dominates the metallocene polyolefin market, accounting for nearly 40% of the total market. This is due to the superior properties of metallocene polyolefins, which make them ideal for film and sheet applications, such as high strength, excellent clarity, and excellent moisture resistance. Other applications for metallocene polyolefins include injection molding, blow molding, and extrusion.

Concrete Restoration Market worth $20.4 billion by 2026 - Exclusive Report by MarketsandMarkets™

The global concrete restoration market size is estimated to be USD 15.0 billion in 2021 and is projected to reach USD 20.4 billion by 2026, at a CAGR of 6.2%. The high growth of concrete restoration can be attributed to the growing number of construction repair projects globally due to the rising population, rapid urbanization, and increased economic growth in some regions. Emerging markets like China, the UAE, and India are showing remarkable growth due to the aforementioned factors. This has been a decisive factor in the concrete restoration market growth, especially in regions like North America and Europe, where concrete restoration products' usage is relatively high. By 2026, many new companies will emerge from China, having low-cost concrete restoration products and, thus, offer heavy competition to the existing market players.

Based on material type, the concrete restoration market is segmented into shotcrete, quick-setting cement mortar, concrete fiber, and others. Quick-setting cement mortar dominated the concrete restoration market in terms of value. This market is divided into water & wastewater treatment, dams & reservoirs, roads, highways & bridges, marine, buildings & balconies, and others based on target applications. Roads, highways & bridges dominated the concrete restoration market in terms of value.

Based on target application, the marine application is projected to register the highest CAGR, in terms of value, during the forecast period. The concrete used in the marine industry is exposed to numerous harsh conditions, including physical and chemical attacks. The projected growth shows that most target applications will grow at a high CAGR from 2021–2026, overcoming the adverse effects of global lockdowns and economic standstill caused by the COVID–19 pandemic.

The Asia Pacific is expected to witness the highest growth at a CAGR of 7.2% between 2021 and 2026. The increasing economic growth and rapid increase in population are expected to boost the concrete restoration market in this region significantly. In terms of value, Europe is the second-largest market for concrete restoration worldwide and is projected to witness a CAGR of 5.9% during the forecast period

Sports Composites Market worth $5.1 Billion by 2026 - Exclusive Report by MarketsandMarkets™

Sports composites are materials used to make athletic equipment and accessories like bats, golf clubs, and racquets. These composites are made from a variety of materials, including polymers, plastics, carbon fibers, and metals. These materials are combined to form a strong, lightweight material that resists wear and tear. The use and demand for sports composites are increasing as athletes seek lighter, stronger equipment and accessories that allow for more power and control. Furthermore, the need for more environmentally friendly materials that can be recycled or reused is driving the use and demand for these composites.

The global sports composites market size is estimated to be USD 4.1 billion in 2021 and is projected to reach USD 5.1 billion by 2026, at a CAGR of 4.8% between 2021 and 2026. The new developments across the sports composite’s ecosystem such as the expansion of production capacity by various players, new players entering the market with low-cost carbon fibers, and demand from various sports activities are bolstering the market, globally.

This growth is attributed to the increasing demand for lightweight, corrosion-resistant, and high-strength materials such as composites. The rising number of capacity expansions among the raw material suppliers and novel product launches are driving the market. For instance, in January 2020, ALDILA Inc., launched ROGUE White 130 M.S.I. made of graphitic carbon fiber material. This product offers superior stability combined with an unsurpassed feel.

The sports composites market is expected to witness significant growth during the forecast period. Composites have demand from the skis & snowboards, hockey sticks, rackets, bicycles, and golf sticks application segments. Composites are lightweight, offer good mechanical performance, variety in designs, strength, and stiffness which make them useful in various other applications such as bicycles, rackets, hockey sticks, fishing rods, shoe sole paddles, windsurfing masts, and others.

The top players in the sports composites market have implemented various strategies in the market. For instance, in March 2021, as part of its broader investment plan to drive innovation and growth in its specialty product lines, Hexion Inc. plans to expand its Portland, Oregon, manufacturing site. The first automated production line has become operational at the end of the first quarter of 2021 and the second automated line is expected to start by the end of 2021. This initiative by the company is a step forward in the manufacture of sports goods composites.

Photoresist & Photoresist Ancillaries Market worth $4.2 billion by 2025 - Exclusive Report by MarketsandMarkets™

The global photoresist and photoresist ancillaries market size is projected to reach USD 4.2 billion by 2025, at a CAGR of 4.8%. A photoresist is a light-sensitive material applied to a substrate during photolithography or photoengraving to enable the desired pattern to be imaged, i.e., a properly exposed and developed photoresist masks portions of the substrate with extremely high precision. The growing semiconductor demand and upcoming nanoelectromechanical systems (NEMS) are expected to drive the photoresist and photoresist ancillaries market.

The leading players in the global photoresist and photoresist ancillaries market include Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ALLRESIST (Germany), Merck Group (Germany), Micro Resist Technology (Germany), and DJ MicroLaminates (US).

JSR Corporation (Japan) is one of the most extensive rubber & chemical solutions offering companies worldwide. The company operates through four business segments: elastomers business, plastic business, digital solution business, and life sciences business. It offers photoresist materials under the digital solution business. The company has a presence in 41 overseas locations, including the US, Europe, China, South Korea, Taiwan, and Thailand.

TOKYO OHKA KOGYO CO., LTD is a material manufacturing company focusing mainly on photoresists and high-purity chemicals for the photolithography process of semiconductor and display, processing equipment for semiconductor and display manufacturing, and inorganic and organic chemicals. The company headquarters is in Japan and operates through two business segments: material business and equipment business. The company offers photoresist products through the material business segment. Moreover, it has a strong presence in APAC, North America, and Europe.

Isophorone Market Share, Size, Trends - 2022-2030

Isophorone is a highly flammable, colorless liquid with a strong, sweet, solvent-like odor. It is a cyclic ketone and is used as an industrial solvent and intermediate in the manufacture of various chemicals, including plastics, resins, and pharmaceuticals. The isophorone market is projected to reach USD 1.88 billion by 2030, at a CAGR of 5.0% from USD 1.27 billion in 2022.

Isophorone is a versatile solvent used in a wide range of industrial applications, particularly in the formulation of adhesives. It is used as a plasticizer, a solvent for synthetic resins, and as a dispersant, stabilizer, and wetting agent in coatings. Isophorone is also used in the production of rubber and plastic, as a solvent in printing inks and as a cleaning agent, and as a reactant in dye and pigment production. In the adhesive industry, it is used to dissolve and disperse resins and other additives to form adhesives. It is also used as a plasticizer in adhesive formulations, as it improves the flexibility and adhesion of the adhesive. Additionally, isophorone is used as a solvent for thermoplastic adhesives and sealants, and as a softening agent for natural and synthetic rubbers.

North America was the largest market for isophorone in 2021, in terms of value. It accounted for more than 30% of the total global isophorone market in 2021. The region has witnessed a steady growth in the demand for isophorone, due to its increasing use in various industrial applications such as paints & coatings, adhesives, inks, and plasticizers. The increasing demand for isophorone in the US and Canada has been a major factor driving the growth of the regional market. The growing automotive and aerospace industries in the US and Canada are also expected to boost the regional market.

Customized Packaging Market Size, Share | 2022 - 2027 | MarketsandMarkets

Customized packaging is packaging that is designed specifically for a product. It can include custom-made boxes, bags, envelopes, labels, and other materials. The purpose of customized packaging is to make a product stand out from the competition and increase brand recognition. It can also be used to protect products during shipping or to promote a product in a unique and eye-catching way. Customized packaging can be used to attract customers, increase sales, and build brand loyalty.

The Customized Packaging market size is estimated to be close to USD XX Billion in 2022 and is projected to grow at a CAGR of XX% till 2027. Key factors driving market revenue growth are rising demand for convenience packaging and innovation in packaging technologies. In addition, creating brand awareness, personalized experience for customers, and better customer engagements are other key factors expected to drive demand for custom packaging and support market revenue growth.

Plastic films are made from a wide range of polymers and have the ability to be molded into the desired shapes when subjected to heat or pressure. Plastic films can be easily formed, are of high quality, are cost-effective, and provide excellent barrier properties. Hence, they are preferred for Personalized Packaging. Plastic films also offer down-gauging properties as they enable manufacturers to use minimum resources to manufacture a package.

The key driver for the growth of the Personalized Packaging Market in food packaging is the increase in demand for compact & lightweight packaging in baby food. Customized packaging provides the convenience of carrying baby food and are available for single-time use. In the food industry, they are widely utilized in packaging sauces, pet food, ready-to-eat/frozen meals, candies, chocolates, snacks, dried fruits & nuts, and confectionery products.

The market for Customized packaging is expected to be driven by the demand from Asia Pacific. Growth in the Customized industry in economies such as China and India and in the South East Asian region, is expected to translate into a rise in the demand for packaging in the region. A rise in the population is also expected to drive end-use purchases which in turn is expected to drive the growth of Customized packaging over the next five years.

Polypropylene Recycling Market Share, Size, Trends - 2022-2030

The global Polypropylene Recycling Market by Source (Bottles, Films, Bags), End-use Industry (Packaging, Automotive, Building & Construction, Textiles), Process (Mechanical, Chemical) & Region - Global Forecast to 2030", size is expected to reach USD 8.2 billion in 2022 to USD 13.5 billion by 2030, at a CAGR of 5.8% from 2022 to 2030. Major factors driving the growth of polypropylene recycling include the increasing adoption of recycled polypropylene in various end-use industries such as packaging, textile, automotive, and others.

The mechanical segment, by process, accounted for the highest share of the polypropylene recycling market. The recycling method that is most frequently used is mechanical recycling. The most economical recycling method is typically mechanical recycling. PP materials can be reused and recycled several times with mechanical recycling, which maintains the material's chemical composition and creates a closed loop.

The bottles segment, by source, accounted the highest share of the polypropylene recycling market. PP bottles are good choices for recycling. It can either be recycled for future use or remelted to create new goods.

The packaging segment, by end-use industry, accounted the highest share of the polypropylene recycling market. Applications for recycled polypropylene in packaging are numerous. The growing need for flexible packaging in the food industry together with rising demand for packaged consumer items is projected to accelerate market growth.

Asia Pacific accounted as the largest market for polypropylene recycling and is projected to show the fastest growth during the forecast period. The market of polypropylene recycling is driven by the growing manufacturing industries in the region. Many developing countries in Asia are becoming hub of manufacturing of various global industries.

Opportunities Abound for Liquid Ring Compressors Market

The liquid ring compressors market size was USD 874 million in 2020 and is projected to reach USD 1,229 million by 2026; at a CAGR of 5.8% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring compressors. The growing investments in the crude oil industry is expected to drive the use of liquid ring compressors.

Liquid Ring Compressors are rotary positive displacement machines that use a liquid-filled chamber to reduce the volume of a gas or vapor. They are commonly used in chemical, petrochemical, gas, power, and paper industries to compress air, natural gas, and other gases. They are also used in many industrial processes such as vacuum distillation and gas extraction. Liquid Ring Compressors are known for their low maintenance, reliable operation and high efficiency.

The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), DEKKER Vacuum Technologies, Inc. (US), Graham Corporation (US), Cutes Corp. (Taiwan), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

Ingersoll Rand is among the leading manufacturers in the liquid ring compressors market. The company designs and produces a broad range of vacuum products under industrial technologies & services segment. In February 2020, the company acquired and merged with Ingersoll-Rand plc while converting its name to Ingersoll Rand Inc. from Gardner Denver Holdings, Inc. This development has strengthened the position of Ingersoll Rand in the vacuum pumps and compressors market.

Antifog Additives Market Size Share Global Industry Forecast

The global antifog additives market is projected to grow USD 417 million by 2024, at a CAGR of 4.4% from 2019 to 2024. Increased demand for antifog plastic films from various end-use industries such as food packaging and agriculture is one of the key factors driving the growth of the antifog additives market across the globe.

Based on type, the glycerol ester segment of the antifog additives market is projected to grow at the highest CAGR from 2019 to 2024, in terms of both value and volume. Glycerol esters are obtained by combining fatty acids with glycerol. These produced fatty acid esters can be monoglycerides, diglycerides, or triglycerides. A majority of the portion of glycerol esters produced is used in the industries manufacturing food packaging and agricultural films to protect these films from fogging. Glycerol Esters are safe to use in the food packaging films applications, and also they are cheaply available; hence, they are the most used antifog additives.

Based on application, the food packaging segment of the antifog additives market is projected to grow at a higher CAGR during the forecast period in terms of both value and volume. Fog formation in the food packaging films is considered detrimental as it not only reduces the visibility of the food package but also has an adverse effect on aesthetic value and shelf appeal of the packaged food. It may also lead to spoiling of the packaged food product. This detrimental effect of fog formation can be prevented by using antifog food packaging films. There is an increased demand for antifog food packaging films from the food packaging industry for fresh food packaging application. This growing demand for antifog food packaging films from the food packaging industry is expected to drive the global antifog additives market during the forecast period.

The antifog additives market in Asia Pacific is projected to grow at the highest CAGR in terms of both value and volume from 2019 to 2024. China, India, Japan, and South Korea are key countries contributing to the increased demand for antifog additives in this region. The increasing presence of key market players in this region has led to innovation and development in the field of antifog films, especially in India and China. The rising demand for agricultural films from countries such as China and India has contributed to the growth of the antifog additives market in the Asia Pacific region.

Paper Pigments Market by Type Application and Region

The report "Paper Pigments Market by Type (Calcium Carbonate and Kaolin), Application (Coated Paper and Uncoated Paper), and Region (APAC, North America, Europe, and RoW (Middle East & Africa and South America)) - Global Forecast" The paper pigments market is projected to grow USD 17.72 billion by 2023, at a CAGR of 5.6%. Increasing demand for paper from the packaging industry, high demand in emerging countries, and sustained demand for uncoated paper are projected to drive the paper pigments market.

Calcium carbonate is the most widely used paper pigment and has been used for the last 30 years. The increasing demand for bright and bulk paper is leading to the increasing preference for calcium carbonate over kaolin. Calcium carbonate is less expensive and enables brighter paper than that possible with the use of kaolin. The leading countries accounting for a large market share in the paper pigments market are China and the US. The use of calcium carbonate is also increasing for coated and uncoated papers owing to the enhanced brightness imparted to paper.

Coated paper is the largest application of paper pigments. The need for superior-quality paper is increasing, and hence this segment offers significant growth potential for paper pigments in coated papers. In Europe and North America, the growth rate of the coated paper segment is higher than that for the uncoated paper segment. Moreover, the loading percentage of paper pigments going into coating is increasing; while the percentage of fillers is relatively lower.

Asia Pacific (APAC) is expected to grow at the highest CAGR in the paper pigments market during the forecast period. Due to the low proliferation of technology and lower impact of environmental regulations, there is a sustained increase in the demand for paper in the APAC countries despite the reduction in the use of writing paper due to the increasing adoption of electronic devices. The region also benefits due to the availability of raw materials, which further facilitates high production of pulp & paper. Countries including China, Japan, South Korea, Indonesia, and India lead in terms of paper production and hence are major consumers of paper pigments.

Hydrazine Hydrate Market Share Size Trends

Hydrazine hydrate is a colorless, flammable liquid that is used in rocket fuel and chemical synthesis. It is a good reducing agent, which means it can donate electrons to other compounds. It is used in rocket engines to generate thrust by reacting with an oxidizer such as nitrogen tetroxide. It is used in chemical synthesis to decrease the oxidation state of a compound, such as a ketone or an aldehyde. Hydrazine hydrate is in high demand due to its widespread use in the aerospace and defense industries, as well as the manufacture of pharmaceuticals and agricultural chemicals. The global hydrazine hydrate market was projected to reach USD 531.1 Million by 2022, at a CAGR of 5.5%.

The global hydrazine hydrate market is expected to be dominated by the polymerization and blowing agents. Hydrazine hydrate is used in polymerization and blowing agents to create various types of foams, such as polyurethane foams, which are used in a variety of industries, including automotive, building and construction, and furniture. Hydrazine hydrate is used in the production of polyurethane foams to catalyze the reaction between isocyanates and polyols, which helps to improve the foam's physical properties such as heat resistance and thermal insulation. The growing demand for polyurethane foams from various end-use industries is propelling the global hydrazine hydrate market's polymerization & blowing agents application segment forward.

Because of the presence of large and emerging countries such as China, India, South Korea, and Japan, the Asia Pacific region is the key market for the growth of hydrazine hydrate. These countries' rising industrialization and population growth have increased demand for hydrazine hydrate. Furthermore, the region has seen increased demand from the aerospace, defence, and automotive industries, as well as increased investment in R&D activities. Furthermore, increasing demand for hydrazine hydrate for water treatment and wastewater treatment applications is driving demand in Asia Pacific, owing to rising concerns about water pollution.

Industrial Nitrogen Generator Market, Global Industry Size Forecast

The global industrial nitrogen generator market size is projected to reach USD 5.5 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 5.4% during the forecast period. The increasing demand for industrial nitrogen generators from the packaged and convenient food sector is driving the market. In addition, increasing demand from end-use industries such as food & beverage, transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to the growing consumer electronics sector is also driving the industrial nitrogen generator market. Growth in urbanization in emerging economies, such as APAC, Middle East & Africa, and South America, is also driving the market.

Industrial nitrogen generators are equipment, which separates nitrogen from purified compressed air and provide nitrogen for various industrial purposes, such as beverage processing, electronics manufacturing, pharmaceutical drug production and others. Parker Hannifin Corporation (US), Ingersoll Rand (US), Air Products and Chemicals, Inc. (US), Atlas Copco (Sweden), Air Liquide (France), Hitachi Industrial Equipment System Company (Japan), Inmatec (Germany), Linde Plc (UK), Novair SAS (France), and Oxymat A/S (Denmark) are the major players in the market.

Based on the end-use industry, the industrial nitrogen generator market is segmented into food & beverage, medical & pharmaceutical, transportation, electrical & electronics, chemical & petrochemical, manufacturing, packaging, and others. Food & beverage is the largest end-use industry of the industrial nitrogen generators market owing to the increased demand for better quality packaged food items, growth in demand for convenient foods, reduction in food wastage, and increasing urbanization in emerging economies. In addition, the rise in income levels and the growth of the middle-class population are also driving demand for industrial nitrogen generators in the food & beverage industry.

APAC is the largest market for industrial nitrogen generators. This large market share is primarily attributed to emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where demand for packaged and convenient food products are increasing annually. Moreover, growth in population and increasing urbanization rate are also driving the market for quality processed food products and boosting industrial nitrogen generator consumption. In addition, growth in industrialization, increasing demand due to changing demographics, such as improving living standards, rising disposable incomes, and government initiatives to attract business investments in industries such as automotive, marine, oil & gas, and chemical are also driving the market for industrial nitrogen generators in the region.

White Inorganic Pigments Market worth $29.5 billion by 2026 - Exclusive Report by MarketsandMarkets™

White inorganic pigments are pigments made from non-carbon-based materials and do not contain any organic components. They are generally used to provide opacity and color to paint and coatings, printing inks, plastics, and other materials. They are also used as a filler or extenders in many products such as paper, textiles, and rubber. The main use of white inorganic pigments is to provide opacity and color to a variety of products. They are used to lighten or whiten the color of a product or to give it a particular color. They are also used as fillers or extenders in many products. White inorganic pigments can provide a matte finish or a glossy finish depending on the product. The scope and demand for white inorganic pigments are increasing, driven by a growing demand for environmentally-friendly products and the overall growth in the paint, plastics, and other industries. They are also in demand due to their low cost and compatibility with a wide range of materials.

The global white inorganic pigments market size is estimated at USD 22.7 billion in 2021 and is projected to reach USD 29.5 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026. Growth in the white inorganic pigments market can primarily be attributed to the growing involvement of white inorganic pigments in paints & coatings, adhesives & sealants, plastics, cosmetics, paper, and inks, among others. There is a continual demand from the construction, automotive, and personal care industries as it helps in attaining high light scattering power, a high degree of hiding power, good tinting strength, a high degree of brightness, a negligible undertone (ideally none), and a high degree of whiteness are all required from white inorganic pigments. These are the key factors driving the demand for white inorganic pigments during the forecast period.

The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the efficient demand and supply cycle of the paints & coatings, adhesives & sealants, plastics, cosmetics, paper, inks industries majorly in countries like China, India, and Japan among others. A significant bounce back is expected from the construction and automotive industry and this will drive the market in the area. APAC is also an industrial hub with a significantly large market size. Other factors, such as the increasing consumer goods demand, innovation in electronics and other sectors, etc., are expected to support the growth of this regional market during the forecast period.

Timber Laminating Adhesives Market worth $1,047 million by 2026 - Exclusive Report by MarketsandMarkets™

The global timber laminating adhesives market size is projected to reach USD 1,047 million by 2026, at a CAGR of 8.1%. The use of timber laminating adhesives is expected to grow in floor beams, roof beams, window and door headers, trusses and supporting columns, and others, is expected to increase in the next five years.

Rising concerns about the ill effects of formaldehyde and other VOCs on human health are leading to the development of low- and no-VOC adhesives. Any new low-VOC adhesive is required to comply with performance standards established by ASTM International, US, to gain acceptability in the marketplace. The ASTM Technical Committee D14 on adhesives develops standard parameters for adhesives and materials used in compounding adhesives and engages in research on adhesives and adhesion, including clarifications of the nature of adhesion.

Europe is projected to be the largest market for timber laminating adhesives. The European market for timber laminating adhesives is driven by countries such as Germany, France, Turkey, Italy, and the UK. Headquarters of major timber laminating adhesive manufacturing companies such as Akzo Nobel N.V. (Netherlands), Henkel AG (Germany), and Arkema (France) are based in Europe. Despite the prolonged pandemic and economic slowdown in some European countries such as Greece and Spain, the region is recovering from the crisis.

Continuous developments in the market, including new product launches, investment & expansion, mergers & acquisitions, and partnerships & agreements are expected to help the market grow. Several products are being introduced, and investments are made on increasing the production capacity of timber laminating adhesives by manufacturers for different applications. Merger & acquisitions has helped companies enhance their product portfolio as well as their geographic reach.