The underwater concrete market size is estimated to be USD 135.7 billion in 2023, and it is projected to reach USD 175.8 billion by 2028 at a CAGR of 5.3%. Underwater concrete refers to a type of concrete that is specifically designed and formulated to be placed and hardened underwater. It is used in various construction and engineering projects where the concrete needs to be poured and set in an aquatic environment, such as underwater foundations, dams, tunnels, marine structures, and offshore platforms.

The market is segmented on the basis of several raw materials which are used to make underwater concrete, such as concrete (cement, and admixtures), and precast concrete. Underwater concrete is used in several applications such as dams & reservoirs, marine constructions (i.e., ports & harbors, bridge piers, others), underwater repairs, offshore wind power generation, tunnels, and others. In addition to this, the underwater concrete market is also segmented on the basis of laying techniques such as tremie method, bucket placing, pump method, and others. Some of the leading companies involved in the manufacturing of underwater concrete are Cemex, S.A.B. de C.V. (Mexico), Heidelberg Materials (Germany), Sika AG (Switzerland), Conmix (UAE), and RPM International Inc.(US), and others are covered in the underwater concrete market. Various growth strategies such as acquisitions, product launches, expansion, partnerships, mergers, etc. have been adopted by these players to strengthen their position in the underwater concrete market.

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Cemex, S.A.B. de C.V. (Mexico) is primarily engaged in the production & distribution of clinker, ready-mix concrete, cement, aggregates, and other materials used in the construction industry. Apart from this, the company is also engaged in providing the construction-related services to its customers and maintains business relationships in more than 50 countries across the globe.

Heidelberg Materials (Germany) is a German production firm, engaged in the manufacturing and sale of ready-mixed concrete, cement, aggregates, , and asphalt. The company operates through several geographical segments, which includes Asia-Pacific, Western and Southern Europe, North America, Northern and Eastern Europe-Central Asia, Africa-Eastern Mediterranean Basin, and Others.

Sika AG (Switzerland) is a specialty chemical company that develops products for sealing, reinforcing, bonding, damping, and protecting applications in the automotive and construction industries. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. This company has subsidiaries in a total of 101 countries around the globe and has approximately 300 manufacturing units. The reportable segments of the corporation focus on the Americas, Asia Pacific, EMEA, and global businesses. The EMEA segment produces the majority of its re

The molded pulp packaging market refers to the industry involved in the manufacturing and distribution of packaging products made from molded pulp. Molded pulp, also known as molded fiber, is a sustainable and biodegradable material derived from recycled paper waste or agricultural fibers.

Molded pulp packaging offers numerous advantages, including excellent cushioning and protection, high strength-to-weight ratio, versatility in shape and design, and eco-friendliness. It is commonly used in industries such as food and beverage, electronics, healthcare, cosmetics, and consumer goods for packaging products like trays, containers, clamshells, and protective inserts.

The market for molded pulp packaging is driven by increasing awareness of environmental concerns, growing demand for sustainable packaging solutions, and the need for cost-effective and efficient protective packaging. The rise in e-commerce and online retail has also contributed to the market growth, as molded pulp packaging provides secure and eco-friendly shipping solutions.

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Key trends in the molded pulp packaging market include the development of innovative product designs, advancements in manufacturing processes, and the integration of sustainable practices throughout the supply chain. Manufacturers are investing in research and development to improve product performance, enhance aesthetics, and expand the range of applications.

Major players in the molded pulp packaging market include companies such as Huhtamäki Oyj, UFP Technologies, Inc., Brødrene Hartmann A/S, and ESCO Technologies Inc. These companies focus on product innovation, strategic partnerships, and sustainability initiatives to gain a competitive edge in the market

The peracetic acid market is experiencing growth and is driven by various factors. Peracetic acid, also known as PAA, is a chemical compound with strong oxidizing and disinfecting properties. It is widely used as a biocide and sanitizer in various industries, including healthcare, food and beverage, water treatment, and agriculture. The global Peracetic Acid industry is projected to grow from USD 813 million in 2020 to USD 1,685 million by 2030, at a CAGR of 7.6%, as per a recent study by MarketsandMarkets™.

The market for peracetic acid is expanding due to the increasing demand for effective and environmentally friendly disinfectants. PAA is considered a sustainable alternative to traditional disinfectants due to its biodegradability and minimal environmental impact. It offers broad-spectrum antimicrobial activity, effectively killing bacteria, viruses, fungi, and spores.

The healthcare industry is a significant consumer of peracetic acid, where it is utilized for surface disinfection, sterilization of medical equipment, and in healthcare-associated infection control. Additionally, the food and beverage industry relies on peracetic acid for food processing and packaging applications, ensuring product safety and extending shelf life.

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Water treatment is another important sector driving the peracetic acid market. PAA is employed as a disinfectant for drinking water, wastewater treatment, and in cooling tower systems, effectively controlling microbial growth and preventing biofilm formation.

Agriculture also plays a role in the peracetic acid market, where it is used for crop protection, irrigation system disinfection, and post-harvest applications to reduce microbial contamination and extend the shelf life of agricultural produce.

The peracetic acid market is characterized by the presence of key manufacturers and suppliers worldwide. Market players focus on product development, innovation, and expanding their distribution networks to meet the growing demand. Regulatory factors and safety considerations also influence the market dynamics, ensuring proper handling, storage, and usage of peracetic acid.

Aluminum foam is a lightweight and porous material made by foaming aluminum using various manufacturing processes. It consists of a network of interconnected aluminum cells, resulting in a cellular structure. Aluminum foam is known for its unique properties, including a high strength-to-weight ratio, good thermal conductivity, excellent energy absorption, and sound-damping capabilities.

The report "Aluminum Foam Market by Type (Open-Cell, Closed-Cell), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Absorbers, Filters), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2027", size is expected to grow from USD 43 million in 2022 to USD 55 million by 2027, at a CAGR of 4.8% during the forecast period.

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Aluminum foam finds applications in various industries, including:

Automotive: Aluminum foam is used in the automotive industry to reduce vehicle weight, enhance fuel efficiency, and improve crashworthiness and safety.

Aerospace: It is utilized in aerospace applications for weight reduction in aircraft components, such as panels, floorings, and interior parts. The aluminum foam also provides effective thermal management in aerospace structures.

Construction: Aluminum foam is employed in the construction sector for architectural and structural elements, including facades, cladding, sound insulation panels, and energy-absorbing barriers.

Defense: It finds use in defense applications, such as blast and impact mitigation, armor plating, and protective structures.

Industrial: Aluminum foam is utilized in heat exchangers, heat sinks, acoustic panels, and vibration dampening applications.

Consumer Goods: It is used in products like sporting equipment, furniture, and packaging, where lightweight materials with energy absorption properties are desired.

The cyclopentane market size was USD 272 million in 2020 and is projected to reach USD 430 million by 2026, at a CAGR of 7.8% between 2021 and 2026. Cyclopentane, also known as "pentamethylene," is a kind of cycloalkane having formula C5H10. It is a flammable liquid, and its vapors can be explosive. The chemical has an explosion limit of 1.1–8.7% by volume in air.

Some of the key market players in the cyclopentane market include HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), Dymatic Chemicals, Inc. (China), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), SK Global Chemical Co., Ltd. (South Korea), Haldia Petrochemicals Limited (India), LG Chem (South Korea), Puyang Zhongwei Fine Chemical Co, Ltd. (China), Zeon Corporation (Japan). These players have adopted investment, consortium, and partnershipas their growth strategies to meet the growing demand for cyclopentane.

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HCS is one of the leading companies that manufactures hydrocarbon-based solvents and products. In February 2021, HCS Group and Gevo signed a strategic agreement in Germany to develop low-carbon renewable chemicals and Sustainable Aviation Fuel (SAF).

Another important player in the cyclopentane market is INEOS, which is involved in the manufacturing of petrochemicals, specialty chemicals, and oil products. In June 2019, INEOS signs agreement with Saudi Aramco and Total to build its first ever plants in the Middle East. The three world-scale plants will produce key building blocks for carbon fiber, engineering polymers, and synthetic lubricants that are pivotal to economic growth in the region.

The ballistic composites Industry is experiencing significant growth due to the increasing demand for lightweight and high-strength materials in defense and security applications. The market is driven by advancements in military technology, rising concerns for personal safety, and the need for efficient armor solutions. North America dominates the market, while Asia-Pacific and Europe also contribute to the growth with expanding defense budgets and growing security concerns. The market is expected to continue growing as the need for advanced ballistic protection solutions rises globally.

The Military application accounts for the largest share in terms of value and volume in the overall ballistic composites market. A soldier needs protection from ballistic threats and explosions. Soldiers use body armor clothing, protective ballistic vests, ballistic helmets, and gloves. For a protective ballistic vest to be wearable, ballistic panels and hard rifle-resistant plates are fitted inside a special carrier. The carrier is the visible part of the ballistic vest. The most basic carrier is the pocket, which holds the ballistic panels and straps for mounting the carrier on the user. Military vests are worn above the shirt for protection against bullets and ballistic fragments. These vests are made of ceramic plates and Kevlar materials, which offer level II and level IIIA protection.

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North America is the largest market for composites. The major international players are exploring opportunities in the region owing to raw materials, and high demand from various end-use industries. Demand of ballistic composite in North America is growing due to the rising demand from military and law-enforcement sectors and heavy spending on research and military programs. The presence of a large number of ballistic composites manufacturers makes the region the most promising market for ballistic composites.

The global Cyclopentane industry size is projected to reach USD 430 million by 2026, at a CAGR of 7.8% between 2021 and 2026. The cyclopentane market refers to the global market for cyclopentane, a colorless liquid hydrocarbon with a molecular formula of C5H10. Cyclopentane is primarily used as a blowing agent in the production of polyurethane foams, which find applications in various industries such as construction, appliances, automotive, and insulation.

The demand for cyclopentane is driven by its excellent thermal insulation properties and its role in achieving energy efficiency in buildings and appliances. Cyclopentane is widely used as a replacement for traditional blowing agents such as hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) due to its lower global warming potential (GWP) and ozone depletion potential (ODP).

The construction industry is a major consumer of cyclopentane, as it is used in the production of insulation foams for residential and commercial buildings. Increasing awareness of energy-efficient construction practices and government regulations promoting sustainable building materials contribute to the growth of the cyclopentane market.

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The appliances sector, including refrigerators and freezers, also drives the demand for cyclopentane. The need for energy-efficient appliances, coupled with stringent environmental regulations phasing out ozone-depleting substances, has led to the increased adoption of cyclopentane-based foam insulation in appliances.

The automotive industry utilizes cyclopentane in the production of automotive interior components, such as seat cushions and headrests, where foam insulation is required.

The cyclopentane market is influenced by factors such as government regulations, environmental concerns, and technological advancements in foam manufacturing. The market is competitive, with key players in the industry focusing on research and development to improve product quality and expand their market presence.

Geographically, the Asia-Pacific region dominates the cyclopentane market due to the rapid growth of the construction industry and the increasing demand for energy-efficient materials in countries like China, India, and Southeast Asian nations. North America and Europe also contribute significantly to the market.

The air separation plant market is projected to grow from USD 5.4 billion in 2023 to USD 6.8 billion by 2028, at a CAGR of 4.6% from 2023 to 2028. The air separation plant market refers to the global market for plants and systems used to separate atmospheric air into its primary components, primarily nitrogen, oxygen, and argon. Air separation plants play a crucial role in various industries, including chemical manufacturing, oil and gas, healthcare, electronics, and metal production.

Air separation plants utilize various technologies, such as cryogenic distillation, pressure swing adsorption (PSA), and membrane separation, to separate air into its component gases. Cryogenic distillation is the most common and widely used method, involving the cooling and condensation of air to separate it into different components based on their boiling points.

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The primary gases produced by air separation plants have diverse applications in different industries. Oxygen is used in medical applications, steelmaking, and chemical processes. Nitrogen finds applications in chemical manufacturing, food and beverage preservation, electronics, and as an inert gas in various processes. Argon is used in welding, lighting, and as a shielding gas in metallurgy.

The growth of the air separation plant market is driven by several factors. The increasing demand for industrial gases in various end-use industries, such as healthcare, electronics, and metal fabrication, is a significant driver. The expansion of the chemical manufacturing and oil and gas industries further contributes to the demand for air separation plants.

The air separation plant market is highly competitive, with key players including Linde plc, Air Liquide S.A., Praxair Inc. (now part of Linde plc), and Air Products and Chemicals, Inc. These companies have a global presence and offer a wide range of air separation plant solutions, along with associated services.

The hydrazine hydrate market refers to the industry involved in the production, distribution, and sale of hydrazine hydrate, a chemical compound with the formula N2H4·H2O. Hydrazine hydrate is a colorless liquid with a strong ammonia-like odor. It is highly reactive and has diverse applications in various industries.

The report "Hydrazine Hydrate Industry by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2027", size was USD 222 million in 2021 and is projected to reach USD 308 million by 2027, at a CAGR of 5.8% from 2022 to 2027.

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The hydrazine hydrate market is driven by the demand from these industries, particularly the aerospace and defense sectors. The increasing focus on space exploration and defense activities fuels the demand for hydrazine hydrate as a propellant and a component in rocket fuels. Additionally, the need for efficient water treatment solutions, growth in the pharmaceutical industry, and demand for agrochemicals contribute to the market's expansion.

Thermal management solutions refer to technologies, systems, and practices used to manage and regulate the heat generated by electronic devices, machinery, or systems. These solutions are implemented to prevent overheating, maintain optimal operating temperatures, and ensure the reliability and longevity of components.

According to MarketsandMarkets, the thermal management solutions industry is projected to reach USD 6.1 billion by 2028, at a CAGR of 5.9% from USD 4.3 billion in 2022.

Thermal management is crucial in various industries, including electronics, automotive, aerospace, telecommunications, and data centers, where electronic devices or systems generate significant amounts of heat during operation. If not properly managed, excessive heat can lead to performance degradation, component failure, and safety risks.

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Thermal management solutions encompass a range of techniques and products designed to dissipate, transfer, or control heat. Some common thermal management solutions include:

Heat sinks: These are passive cooling devices typically made of metal (such as aluminum or copper) that provide a large surface area to dissipate heat through conduction, convection, and radiation.

Thermal interface materials (TIMs): These materials, such as thermal greases, thermal pads, or phase change materials, are used to enhance heat transfer between components and heat sinks by filling microscopic air gaps and improving thermal conductivity.

Fans and blowers: Active cooling solutions, such as fans and blowers, are used to increase airflow and remove heat from electronic components or enclosures.

Heat pipes: These sealed copper or aluminum pipes filled with a working fluid facilitate efficient heat transfer by utilizing phase change principles. Heat pipes are commonly used in applications where heat needs to be transported over longer distances.

Liquid cooling systems: These systems employ coolants (such as water or specialized fluids) circulated through channels or tubes to absorb and dissipate heat more effectively than air-based solutions. Liquid cooling is often used in high-performance computing, gaming, and server applications.

Thermal management software: Advanced software solutions are employed to monitor and control the temperature of devices or systems, optimizing cooling strategies, and adjusting fan speeds or power consumption accordingly.

The global photoresist and photoresist ancillaries market size is estimated to be USD 4.1 billion in 2023 and is projected to reach USD 5.3 billion by 2028, at a CAGR of 5.1%. Photoresists are light-sensitive materials used to pattern and etch substrates for the production of integrated circuits and electronic devices in the semiconductor and microelectronics industries. When exposed to light, they experience a chemical shift that enables the precise patterning of the underlying substrate. Ancillaries for photoresists are additives and chemicals that are used with photoresists to enhance the lithographic process. In the phases of cleaning, pre-coating, development, stripping, and post-processing, they are essential. This industry, which is fueled by improvements in semiconductor technology and the need for improved process yields, is strongly related to the demand for photoresists.

The leading players in the global photoresist and photoresist ancillaries market includes Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont de Nemours, Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), Allresist (Germany), and Merck Group (Germany). These companies, along with other regional companies, cater to the demand for flooring products globally.

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JSR Corporation is one of the world’s leading chemical material companies. The company operates through four business segments i.e., Digital Solutions, Plastics, Life Science and Others. It offers photoresist materials under the digital solution business. JSR Group operates in 12 countries and regions which include Japan, North America, China, Belgium, Korea, Taiwan, Switzerland, UK, the Netherlands, Thailand, Germany, and Singapore.

Tokyo Ohka Kogyo Co., Ltd. is a is a renowned chemical company with a global presence. The company specializes in advanced materials, functional coatings, and chemical products and has been a pioneer in innovation and technology. The company sells and manufactures photoresists and high purity chemicals. These are used in photolithography process of semiconductor and display, processing equipment for semiconductor and display manufacturing. Headquartered in Tokyo, Japan, the company has successfully expanded its operations worldwide and maintains subsidiaries and affiliates in numerous countries. TOK provides an extensive portfolio of products and services that serve diverse industries such as electronics, semiconductors, automotive, telecommunications, and display technologies.

Shin-Etsu Chemical Co., Ltd. is involved in the manufacture and sale of industrial chemicals. It has business segments like Infrastructure materials, electronic materials, Functional, materials, and Processing and Specialized services. The photoresist materials are included under the electronic materials segment.

The flexographic ink market is witnessing significant growth due to the rising demand for high-quality printing in various industries, including packaging and labeling. Innovations in flexographic ink technology, coupled with the expansion of the packaging industry, are driving market growth. Key players are actively participating in the market, contributing to a competitive landscape. Moreover, there is a growing focus on sustainable and eco-friendly solutions in the flexographic ink sector. The market is also experiencing the impact of digital transformation, which brings both opportunities and challenges. Despite the challenges posed by the COVID-19 pandemic, the flexographic ink market has shown resilience and adaptation to the changing landscape.

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Corrugated cardboards are an effective form of packaging used in the shipment of products. They are cost-effective and offer protection and easy identification of the products. These cardboards are made of natural, environmentally friendly materials and have an excellent ability to recycle and recover. The growth of the corrugated cardboards segment is mainly backed by the rising demand for packaging of healthcare products, cigarettes, frozen foods, and dry foods.

The Asia-Pacific flexographic ink market is projected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the rising demand for flexographic ink from the region’s emerging economies, such as India, China, South Korea, Vietnam, and Indonesia, among others. Factors such as improving standa

The Decorative Coatings Market size is projected to grow from USD 82.0 billion in 2022 to USD 98.9 billion by 2027, at a CAGR of 3.8%. The decorative coating market is divided into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. China and India, among other countries, are leading the decorative coatings market globally. The market in Asia Pacific is witnessing high growth, which is expected to continue because of increasing residential construction and improved home remodeling practices.

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The leading global companies are shifting their production base, establishing sales offices, and enhancing distribution channels to regions, including Asia Pacific, which offer a sustained demand. The gradual shift of manufacturing facilities to countries with high demand and lower production costs positively influences the market's growth. The key producers control a major share of the total global market. As a result, there is severe competitive pressure on architectural coating producers to reduce the price of decorative coatings to gain market share at the expense of other competitors. Furthermore, regulatory standards regarding solvent usage and VOC emissions are crucial parameters to be considered by architectural coating suppliers.

Asia Pacific is a rapidly developing region that offers opportunities for various industry players. Most of the leading players in North America and Europe are planning to move their production bases to this region because of the availability of inexpensive raw materials, low production costs, and the need to serve the local markets better. The demand for premium products is increasing in the region due to the growth of the middle-class population. Government initiatives are also helping the growth of the building and construction industry. These factors are expected to play an important role in driving the decorative coatings market.

The Foam Insulation Market refers to the global industry involved in the production and distribution of foam insulation materials used for thermal insulation purposes in various sectors such as construction, automotive, and industrial applications. Foam insulation materials, typically made from materials like polyurethane, polystyrene, and polyisocyanurate, offer high thermal resistance and excellent energy efficiency, thereby reducing heat transfer and improving energy conservation in buildings and other structures.

The market is driven by the growing demand for energy-efficient construction solutions, stringent building regulations, and increasing awareness about environmental sustainability. Key factors influencing the market include technological advancements in foam insulation manufacturing, the rise of green building initiatives, and the need for improved thermal management. The market is highly competitive, with key players focusing on product innovation, expanding their product portfolios, and targeting emerging markets to capitalize on the growing demand for foam insulation materials.

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The Asia-Pacific region is estimated to account for the largest share of the global foam insulation market in 2016, in terms of value. Growing population and rapid industrialization in China, India, Indonesia, and Japan, accompanied by the rising demand for consumer appliances, contribute to the growth of the foam insulation market in this region. Stringent governmental regulations regarding the reduction of greenhouse gas emissions, also help drive the demand for foam insulation in this region.

The acrylic processing aid market size is estimated to be USD 606 million in 2020 and is expected to reach USD 842 million by 2025, at a CAGR of 6.8% during the forecast period. Factors such as replacement of conventional material with PVC and rising demand for acrylic processing aid from Asia-Pacific will drive the acrylic processing aid market. The major restraint for the market will be less R&D expenditure in emerging market. However, the increasing demand from building & construction and automotive applications will act as an opportunity for the market.

The key market players profiled in the report include Mitsubishi Chemical Corporation (Japan), Arkema SA (France), Shandong Ruifeng Chemical Co. Ltd. (China), Akdeniz Chemson (Turkey), The Down Chemical Company (US), Kaneka Corporation (Japan), WSD Chemical Limited (China), Indofil Industries Limited (India), and Novista Group (China) and others.

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Players in the acrylic processing aid market are mainly concentrating on new product launches, merger & acquisition, and expansions to meet the growing demand for acrylic processing aid for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the acrylic processing aid market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Arkema SA and Novista Group have adopted new product launches to enhance their market position.

Mitsubishi Chemical Corporation is one of the major players in the acrylic processing aid market. In order to expand its business, the company is focusing on enhancing its market reach by opening plants to increase the capacity. For instance, in September 2019, Mitsubishi Chemical Corporation’s (Japan) consolidated subsidiary MC PET Film Indonesia has decided to increase the production of polyester film from 20,000 metric tons to 45,000 metric tons by the end of 2021. Similarly, In January 2020, Dow Chemical Company has announced its plans to add a new furnace to its ethylene production facility, thereby expanding the capacity up to 130,000 metric tons.

The companies also adopted new product launch as a strategy to expand their product portfolio and market presence. For instance, in July 2020, Arkema released PLASTISTRENGTH® 562 NA process aid, designed for PVC converters. The new product offers a consistent PVC fusion and filler incorporation, better melt strength and designed for rigid and semi-rigid PVC. Similarly, In April 2020, Novista Group introduced a new product in its Novista’s Topadd series, TP-20. It can be used in the production of bottles, fil/sheet and in construction industry.

The global ceramic armor market size is expected to grow from USD 2.3 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 8.6% during the forecast period. Increasing crime and terrorist activities are driving the demand for ballistic body and vehicle armor for use by political leaders, businesspeople, bureaucrats, high-profile athletes, entertainment celebrities, and others. Ceramic armor is made up of ceramic materials, namely, alumina, silicon carbide, and boron carbide. Ceramic armor offers various advantages such as high hardness, low weight, durable, design flexibility, and high resistance to creep & stress rupture. The ceramic armor product is five times stronger and 70% lighter than steel. The ceramic armor can absorb the kinetic energy of the attack caused by a projectile such as shotguns and long guns. Various companies are focusing on adding ceramic armor to vehicles designed for civilians, depending upon client needs and the desired protection level, composites can be added in doors, roofs, and floors as well as firewalls, pillars, posts, and other body panels.

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High ballistic resistance, and durability have driven the market for ceramic armor plates in defense applications. On the other hand, the higher cost of ceramic armor compared to metals and alloys and the high requirement for customization for end-use applications are the major restraining factors in this market. These opportunities include the development of low-cost and high-performance commercial ceramic armor. In order to achieve technical excellence, armor manufacturers are working with composites companies in the design stage of ceramic matrix composite.

Companies operating in the ceramic armor market have strengthened their position in the global market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2018-2022. The major players active in the market are Saint-Gobain (France), CoorsTek, Inc. (US), Koninklijke Ten Cate BV (Netherlands), 3M Company (US), CeramTec (Germany), ArmorWorks Holdings Inc. (USA), BAE Systems (UK), II-VI Incorporated (US), Morgan Advanced Materials plc (UK), and Safariland, LLC (US), among others.

Koninklijke Ten Cate BV (Netherlands) has a prominent presence in the global ceramic armor market. The company has a strong brand image, and it caters to the growing demand for ceramic armor, in major applications. It opted for organic growth strategies through launching new ceramic armor, namely, TenCate Multi-light CXP461lC and TenCate Cratus hard body armor. The company has experts working in a wide range of fields, such as production technology, technical design, and chemical engineering to maintain its comprehensive portfolio of ceramic armor products that have significant growth potential.

The global electrical conduit market is estimated to be USD 6.5 billion in 2021 and is projected to reach USD 9.1 billion by 2026, at a CAGR of 6.9% from 2021 to 2026. The driving factors for the electrical conduit market is rapid pace of industrialization and urbanization, and rise in demand for electricity or power generation across the globe. The growth of the electrical conduit market is supported by increasing awareness regarding public safety and the implementation of safety regulations by governments.

Atkore International Group Inc. (US), Hubbell Incorporated (US), Legrand S.A. (France), Schneider Electric SE (France), and Sekisui Chemical Co., Ltd. (Japan) among others, are the leading electrical conduit manufacturers, globally. These key players have focused on market consolidation by adopting both organic and inorganic growth strategies such as mergers & acquisitions. These companies adopted acquisitions as the key growth strategy between 2019 and 2021.

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Atkore International Group Inc. is one of the largest player in the electrical conduit market. It engages in the manufacture of electrical raceway products, primarily for the non-residential construction and renovation markets. It operates through the Electrical Raceway and Mechanical Products and Solutions (MP&S) segments. Some of its products include electrical conduit and fittings, armored cable and fittings, cable trays, mounting systems and fittings, metal framing, and in-line galvanized mechanical tube. These are critical components of electrical infrastructure for new construction as well as for operational systems under maintenance. The company operates through 37 manufacturing facilities and 28 distribution facilities. Major subsidiaries of the company include Allied Tube & Conduit (Italy), Calpipe Industries (Spain) and Unistrut Limited (UK).

Hubbell Incorporated is the second-largest player of the global electrical conduit market. The company is a manufacturer of electrical, lighting, and power components worldwide. It operates through two segments, namely Electrical Solutions and Utility Solutions. The company offers electrical conduit products and solutions under its electrical segment. The electrical segment manufactures wiring and electrical products, lighting fixtures and controls for indoor and outdoor applications, as well as lighting and communications products. The company offers its products and solutions to various industries such as non-residential & residential construction, industrial, and energy-related (oil and gas) markets.