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The global persulfates market is expected to be worth US$ 869.7 Million in 2023, and it is anticipated to increase at a compound annual growth rate (CAGR) of 3.7% between 2023 and 2033. This is due to increased consumption of persulfates from major end-use industries such as polymers and electronics.

The rising demand for persulfates in the electronics sector, as well as growing preference in the paper, pulp, and textile industries, are predicted to propel the market. The ease of regulations in 2021 inspired industrial production operations such as electronics, polymers, and others. This, in turn, has ramped up the persulfates market’s growth. The advancement of the electrical and electronics industries, as well as the increased efficiency of polymers, will drive the persulfates revenue potential in the coming years.

In terms of size, the US electronics market is the biggest in the world. It is anticipated to remain the market leader during the projected timeframe, owing to the use of sophisticated technology, a rise in the number of R&D centers, and rising consumer demand. Therefore, this factor will generate major revenue for the market in North America. The existence of a substantial number of plastic manufacturing sectors in countries such as China, Indonesia, and Malaysia is credited with the development.

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Key Takeaways from the Market Study

• Asia Pacific has emerged as the dominant region, accounting for more than 45.5% of revenue in 2021
• In 2022, the polymers segment led the market, accounting for more than 51% of total revenue
• In 2021, the ammonium segment dominated the industry with overall revenue of more than 50.5%
• Over the forthcoming years, North America is expected to grow at a revenue-based CAGR of 3.8%
• As reported by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), polymer production in India was 12.35 million tons in 2020 and 13.54 million tonnes in 2021.

“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry” says an analyst at Future Market Insights.

Key Market Players

Key players in the persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.

• Evonik Industries AG announced the successful completion of its procurement of PeroxyChem in February 2020.
• Calibre Chemicals, an Indian specialty chemicals company, acquired RheinPerChemie GmbH from Evonik in September 2022.
• Everstone Capital, a Singapore-based firm, announced the acquisition of a majority stake in Calibre, a persulfate producer, in August 2021. With the help of Everstone’s substantial and strategic resources, this collaboration aims to transform Calibre from a family-owned company into a global manufacturer.
• United Initiator, an international persulfate manufacturer, launched its sodium persulfate plant in Huaibei, China, in October 2019. This new plant has a production capacity of 10,000 tons per year.

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More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global persulfates market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global potassium fluoborate market is predicted to reach US$ 439.2 Million by 2032, with sales growing at an average CAGR of 4.0% from 2022 to 2032. Scaling up from a value of US$ 286.7 Million in 2021, the target market will likely reach an estimated US$ 296.7 Million in 2022. Largely used in the metallurgy of aluminum along with finding usage in soldering agents and abrasives application, the market for potassium fluoborate is expected undergo considerable growth during the forecast period.

The elevated need for machinery across various industries such as oil and gas, automotive, and petrochemicals will push the demand for abrasives which, in turn, will bolster the sales of potassium fluoborate. The target product is often utilized for optical deposition as well as for alloy metal.

Potassium fluoborate gains a wide range of applications across diverse industrial verticals. It gains usage as soldering agents, abrasives, fluxing agents and many others. Further, potassium fluoborate is slightly soluble in water, which makes it ideal for application in oxygen-sensitive procedures including metal production. It is also used in medical applications though at very low doses. Thus, owing to its expansive usage, the market is anticipated to experience remarkable growth during the projected period.

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Again, the surge in global demand for abrasives will serves as a major growth driver for the potassium fluoborate market. Abrasives are materials that are used to give finishing touches or shape up a piece of work through rubbing and are largely used in different industries. These are used for cutting, polishing, drilling, grinding and several other purposes.

Abrasives are especially popular for polishing objects which is extensively applied to automotive parts, electronics & electrical equipment, heavy types of machinery, and many others. Potassium fluoborate is also used in the production of other fluoride chemical which, in turn, are used in agrochemicals and pharmaceutical products. All of these considerations, along with others, drive the growth of the potassium fluoborate market during the forecast period.

“Rising demand for potassium fluoborate in metallurgy, automotive, and oil & gas industries will stimulate the global growth of the potassium fluoborate market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The potassium fluoborate market will grow by 1.5x during 2022-2032.
• Expansive usage as a soldering agent will drive the market growth in the United States.
• China is predicted to take lead as the manufacturing hub of potassium fluoborate during the forecast period.
• By purity type, 99% purity potassium fluoborate will dominate the global marketplace.
• On the basis of application, the metal fabrication and automobile segment will likely generate the highest revenue.

Competitive Landscape 

Solvay S.A., Morita Chemical Industries, Harshil Industries, Honeywell Fine Chemicals, AMG Aluminum, Madras Fluorine Ltd., Stella Chemifa Corporation, Triveni Chemicals, Skyline Chemicals, Foshan Nanhai Fluoride Chemical Co. Ltd, Derivados Del Flúor (DDF), Hunan Merits New Materials Co. Ltd., American Elements, PARTH INDUSTRIES, AWISHKAR CHEMICALS INDUSTRIESS. B. CHEMICALS, and FENGYUAN INDIA PRIVATE LIMITED among others are some of the major players in the potassium fluoborate market profiled in the full version of the report.

Leading market players are focusing on expanding their manufacturing facilities along with increasing their product portfolio. These businesses are keen on introducing new product lines, utilizing new and modified manufacturing techniques, and developing manufacturing units to strengthen their market position.

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More Insights into Potassium Fluoborate Market Report

In its latest report, FMI offers an unbiased analysis of the global potassium fluoborate market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of purity (less than 99% purity, 99% & above purity), grade (technical grade, reagent grade), end use (soldering agent, metal processing, abrasives, fluxing agent), and region.

According to the latest FMI reports, based on segmentation, the 99% purity segment is expected to generate high demand during 2022-2032. This segment will significantly contribute to the overall market growth. In terms of application, the metal fabrication and automobile segment will perform remarkably well while on the basis of end-use, the abrasive segment is anticipated to generate the highest demand.

Based on region, the potassium fluoborate market in the United States will demonstrate notable growth during 2022-2032. The target market in this country will be primarily driven by extensive application across different industrial verticals, availability of raw materials, and the presence of an excellent industrial environment. Apart from the U.S., China’s potassium fluoborate market is predicted to show impressive growth during the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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According to Future Market Insights, the global acid chlorides market is expected to grow from US$ 2,430.9 Million in 2022 to US$ 3,903 Million by 2032, with overall demand accelerating at 4.9% CAGR throughout the forecast period (2022-2032).

Rising application of acid chlorides in pharmaceuticals, chemical reagents, plastic & pigments, organic peroxides, and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.

Since cardiovascular diseases like atherosclerosis are becoming more common, demand for pharmaceuticals like aspirin continues to climb. According to data from the National Center for Biotechnology Information (NCBI) published in 2021, more than 30% of Americans used aspirin in 2019. Furthermore, it is projected that sustained pharmaceutical demand will drive market revenue growth over the next few years.

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Apart from pharmaceutical applications, demand for acid chlorides is also witnessing substantial growth opportunities in the agrochemical sector. Consistent population growth is propelling sales of agrochemicals to increase crop yields to meet the growing food demand. Being key active ingredients, various acid chlorides are experiencing elevated demand levels from agrochemical sector.

On the other hand, various health hazards associated with exposure to a wide spectrum of acid chlorides and the regulations associated with them are limiting market expansion

“Growing prevalence of heart diseases and increasing demand for pharmaceuticals like aspirin are anticipated to propel the sales of acid chlorides over the forecast period,” says an FMI analyst.

Key Takeaways:

• The global acid chlorides market is expected to attain a value of over US$ 3,903.5 Million by the end of the forecast period, growing at a CAGR of 4.9% over the forecast period.
• By product type, benzoyl chloride segment holds the largest share of the global acid chlorides market.
• Based on end use, the pharmaceuticals segment will grow at a higher CAGR over the next ten years.
• The U.S. will continue to remain the most prominent acid chlorides market during the forecast period.
• Demand for acid chlorides across China is poised to increase at a steady pace during the forecast period.

Who is Winning?

According to FMI analysis, Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG, and others are identified as the key manufacturers in the Acid Chlorides market.

These key players are constantly focusing on increasing their production capacities to meet end user demands. They are establishing new production facilities if upgrading older ones, besides forming partnerships and alliances with other companies.

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Acid Chlorides Industry Segmentation

By Product Type:

• Ethanoyl Chloride
• Propanoyl Chloride
• Butanoyl Chloride
• Benzoyl Chloride
• Chloroacetyl Chloride
• Thionyl Chloride
• Palmitoyl Chloride
• Others

By Application:

• Chemical Reagents
• Plastic and Pigments
• Organic peroxides
• Agrochemicals
• Pharmaceuticals
• Others

By End Use:

• Pharmaceuticals
• Agriculture
• Plastics
• Dyes & Inks
• Cosmetic
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global hydrophobic coatings market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Billion in 2022. The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Billion by the year 2032.

Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia. The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies.

In December 2021, for instance, researchers at India’s International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic component, piping, power, and nuclear sectors.

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In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.

Key Takeaways

• Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together made up more than half of the global hydrophobic coatings market.
• In 2022, the automobile industry accounted for over 20% of the product’s entire demand.
• Anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
• Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.

Competitive Landscape

Some of the most important companies in the hydrophobic coatings market include PPG, 3M, NEI Corporation, Nippon Paint Holdings Co., Ltd., BASF SE, Ant Lab, Surfactis, Aculon, Aakzo Nobel, Abrisa Technologies, Cytonix, NEI Corporation, NeverWet, and Nippon Paint Holdings Co., Ltd. In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.

Recent Developments

• GKN Aerospace’s transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
• NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.

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Key Segments in the Hydrophobic Coatings Market

By Property:

• Anti-microbial
• Anti-icing/wetting
• Anti-fouling
• Anti-corrosion
• Self-cleaning
• Others

By Application:

• Aerospace
• Automotive
• Construction
• Medical
• Optical
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The transparent coatings market is expected to be worth US$ 16.6 billion in 2023. The market is expected to reach US$ 31.2 billion by 2033, growing at a 6.5% CAGR during the forecast period. Transparent coatings market is being driven by their growing usages in wood, glass, optics, metal, plastics, solar panel, and concrete applications.

The growing industrial and commercial construction in the urban areas is one of the key driver for transparent coatings market. These coatings are extensively used to cover the glass facades of commercial infrastructure like office buildings and shopping complexes. Their self-cleaning, anti-reflection, anti-glare and UV resistant characteristics are useful in maintaining the energy efficient office atmospheres. The rising development in commercial construction across the developed and developing countries is expected to augment the growth of global transparent coatings market.

The transparent coating industry is benefiting from increased customer demand for transparent and clear thin layer coatings to maintain product visibility while improving surface qualities. In the coming years, the use of nanotechnology in transparent coatings will offer up new application prospects for these coatings.

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The global transparent coatings market is dominated by a few countries that lead the production and end-use sector for these coatings. The increasing use of transparent coatings in solar energy sector is expected to pave the way for their market growth in emerging countries like middle east and India. Although the significant consumption from wood, metal and glass applications is expected to drive the market growth in America, Europe and East Asian Countries.

Key Takeaways from the Transparent Coatings Market:

• The transparent coatings industry in the United States is predicted to reach US$ 5.0 billion by 2033, increasing at a 6.0% CAGR.
• The transparent coatings industry in the China is estimated to reach a market size of US$ 4.4 billion, expanding at a CAGR of 6.8% by 2033.
• During the forecast period, the transparent coatings industry in India is expected to reach a market share of US$ 3.7 billion, securing an 7.2% CAGR.
• The transparent coatings industry in Germany is predicted to reach US$ 3.1 billion by 2033, increasing at a 5.7% CAGR.
• Japan’s transparent coatings industry is predicted to achieve a market share of US$ 2.5 billion, rising at an 5.9% CAGR during the forecast period.
• With a CAGR of close to 7% from 2023 to 2033, the protective coating segment is expected to dominate the transparent coatings by coating type.
• With a CAGR of more than 10% from 2023 to 2033, the solar panel segment is expected to dominate the transparent coatings by application.

How Does the Competition Look in the Transparent Coatings Market?

The market for Transparent Coatings is fragmented, with intense competition among the large number of market participants. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise Woodver, Wincoat, TWI Ltd., NEI Corporation, and Holland Shielding Systems BV among other companies.

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new applications for transparent coatings. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the transparent coatings sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective and renewable solutions.

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Segmentation Analysis of the Market

By Coating Type:

• Protective Coating
• Hydrophobic Coating
• Abrasion resistance Coating
• UV Resistant Coating
• Others

By Application:

• Wood
• Glass/Optics
• Metal
• Plastics
• Solar Panels
• Concrete
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia and Pacific
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube