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U.S. Tile Adhesive Industry 2020 Growth Statistics, Business Demand, Top Manufacturers Data 2027
May 6, 2022 6:40 - no comments yetMarket Scope
Market Research Future (MRFR) studied the US tile adhesive market from 2021 through the study period till 2027. As per MRFR data, the US tile adhesive market is expected to rise at 8.69% CAGR. By 2027, the US tile adhesive market is expected to value at USD 590.02 Mn.
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Market Drivers and Restrains
Expansion of the tile adhesive market in U.S. can be attributed to the increasing demand for remodeling activities in the construction sector. The rise in demand for refurbishment of old constructions and replace worn floors with modern aesthetically pleasing tile styles can boost the need for tiles adhesive. The rise in sales of tiles adhesive can benefit the market. The growing utility of decorative tiles in office buildings, malls, retail outlets, airports, and other municipal and commercial buildings for flooring, countertops, backsplashes, and wall coverings among other application can improve the impetus of the US tile adhesive market upsurge.
Market Segmentation
The segment assessment of the U.S. tile adhesive Industry is based on end-user and type.
The type-based segments of the US tile adhesive market are dispersion adhesive, reactive resin adhesive, and cementitious adhesive. The end use-based segments of the U.S. tile adhesive market are non-residential and residential.
The rise in adoption of cementitious tile adhesives by a largely population of people in the U.S. looking for constructional solutions to re-innovate can favor the cementitious segment. The growing utility of cementitious tile adhesive for wall and floor solutions can add to the expansion of the market. The availability of types cementitious tile adhesive both polymer modified cements and water resistant cements that are suitable for external and internal use are gaining traction due to their advantages and better customer experience offered. These can explain the rapid rise of the US tiles adhesive market in the near future. The segment of dispersion adhesive of the market is likely to secure about 25% share of the worldwide market by 2027. However, in coming years, the cementitious adhesive type can dominate the U.S. market due to its low price. The affordability of reactive resin adhesive can also favor the market upsurge in the review tenure.
The U.S. tile adhesive market segment analysis on the basis of end user comprises non-residential and residential. MRFR findings reveals that the residential segment is likely to dominate the worldwide market with a value about 54.9% in the review period. The non-residential segment is expected to expand at steady pace over the analysis period.
Key Players
Bostik , H.B. Fuller , Custom Building Products , PAREX Group SA , ARDEX Group , Sika AG , Terraco , Mapei S.p.A , Pidilite Industries Ltd , Saint-Gobain Weber, and Henkel AG & Co. KGaA are some reputed names in the U.S. tile adhesive market that are listed by MRFR.
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Regional Analysis
In the U.S., the tile adhesive market is likely to surge at a significant pace owing to rise in reconstruction activities. The presence of numerous house owners in the region are inclined to improve the aesthetic of their interior that can prompt the increasing demand for tile adhesive in the U.S region in the review period. In addition, top-notch players are investing in new range of products that offer better adhesion and provide prolonged bonding ability. However, suppliers across the globe that are focused in innovations can influence the market. Some companies, such as H.B fuller, Bostik, Custom Building Products, and Saint-Gobain Weber, are investing in innovations and to improve their product portfolio. New launches added to the existing product line can work in favor of the market in the years to come. A chemical distribution company based in Arkem, has opened its new facility in Dallas, Texas, named Bostik production for the production of tile adhesive in the region. In addition, Saint-Gobain Weber, a stone adhesive manufacturer, launched epoxy adhesive with three components that includes chemical resistant and heavy duty adhesive for fixing tile and stone. Other companies, such as; Custom Building Products, a commercial company with the headquarter in California, has launched its high-performance glass tile enabled with premium thin-set mortar that improve efficacy of operations. These innovations can propel of the US tiles adhesive market in the approaching years.
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Direct Thermal Labels Market size 2022-2030: Analysed by Business Growth, Development Factors and Future
May 6, 2022 6:28 - no comments yetMarket Highlights
Direct thermal labels are chemically treated, heat sensitive labels that print without the use of a ribbon. These labels are cost effective. In these labels do not require ink, toner or transfer ribbon, which makes it comparatively cheap for end users. Growing retail & logistic sector across the globe, is driving the growth of the market. Additionally, adoption of direct thermal labels in pharmaceutical sector, also drive the growth of the market. However, less durability of direct thermal labels is a major factor that may hamper the growth of global direct thermal labels market.
Direct thermal labels market is projected to grow at a CAGR of 4% during the forecast period.
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Market Research Analysis
On the basis of face stock materials, the market is segmented as paper and plastic. Direct thermal paper labels are affordable and appropriate for general-purpose labeling applications. On the other hand, different types of plastic such as polyethylene (PE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC), are used in face stock. These synthetic direct thermal labels offer better durability, longer-lasting print and resistance to abrasion, moisture, and chemicals. Plastic is expected to contribute significantly during the forecast period.
On the basis of applications, the market is segmented as food & beverages, pharmaceutical, personal care, retail and others. Food & Beverages dominates the application segment of the market. Growing demand of processed and packaged food across the globe, is driving the demand of the market. The retail sector is projected to register the highest growth rate during the forecast period.
Scope of the Report
This study provides an overview of the global Direct Thermal Labels Market size, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global direct thermal labels market by its product type, application and region.
By Face Stock Material
- Paper
- Plastic
By Application
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Retail
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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Key Players:
The prominent players in the direct thermal labels market include Technicode, Inc. (Michigan), Avery Dennison Corporation (U.S.), 3M Company (U.S.), NPI (U.S.), AM Labels Ltd (UK), Resource Label Group (US), Thermal Label Warehouse LLC (U.S.), Brady Corporation (U.S.), Consolidated Label Co (U.S.), and Labelmakers Group Pty Ltd (Australia).
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PET Bottle Recycling Market size | Growing Popularity and Emerging Trends in the Industry By 2030
May 6, 2022 5:21 - no comments yetMarket Research Future published a cooked research report on PET Bottle Recycling Market. The PET bottle recycling market has been anticipated to earn revenues worth USD 5933.6 million while expanding at a CAGR of 5.28 % by 2030.
During the forecast period between 2022 and 2030, the global PET bottle recycling market appears to grow with astounding opportunities.
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Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
The factors driving the growth of PET bottle recycling include government support for plastic recycling initiatives, the impact of plastic disposal on the environment, and use of PET bottles in the packaging industry. Other factors aiding the market growth include the ban on import of plastic waste by emerging economies, and designing of PET bottle to facilitate recycling. However, the lack of awareness regarding the recycling phenomenon can hamper market growth.
Segmental Analysis
The PET Bottle Recycling Market size is segmented on the basis of application, recycling process, and region. The application based segmentation segments this market into beverages, consumer goods, personal care, pharmaceuticals, and others. Based on the recycling process, the market has been segmented into chemical and mechanical.
The regions covered in the global market are Europe, Asia Pacific, The Americas (North America & South America), and the Middle East & Africa (MEA).
Detailed Regional Analysis
The regional analysis of the PET bottle recycling market covers regions such as Europe, Asia Pacific, North America, and the Middle East & Africa (MEA). The Asia Pacific is the biggest regional market. During the forecast period, is expected to grow at 6.59% CAGR due to the rapid urbanization, growing awareness about recycling, government initiatives to encourage recycling, and rising technological advancement. The crucial country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region. India is the largest growing regional market, and it is expected to grow at 7.49% CAGR by the end of the forecast period. Among the remaining countries of Asia Pacific region, Indonesia, Malaysia, Philippines, and Thailand.
The MEA region is the second largest market. During the forecast period, it is expected to grow at 5.19% CAGR because used bottles are 10% of the gross urban waste generation. The use of bottles has increased in this region over the past two decades because of the slowly growing urban lifestyle.
During the forecast period, Europe is to emerge as the third largest market due to the presence of strong economies such as France, Germany, and the UK. Other reasons for market growth in this region are government initiatives to encourage recycling and the technological advancement second only to North America. The market growth for Europe is expected to register a 4.89% CAGR during the forecast period. Germany is the largest country-specific market in Europe, and during the forecast period, it is expected to grow at 5.91% CAGR, and its worth is expected to be USD 468.3 million. The countries included in the segment titled "remaining countries of Europe" include the Netherlands, Poland, and Spain.
The Americas is the fourth largest regional market. In 2017, its value was USD 1,349.6 million. During the forecast period, this market has been anticipated to grow at 4.59% CAGR, and its market value will most probably be USD 1,757.3 million. USA, Canada, and Mexico are the most important country-specific markets in this region, followed by the remaining countries in North America and South America. Technological advancement and the presence of many key players in this region boost the North American market. USA is the biggest country-specific market that is expected to grow at 4.81% CAGR, and its value is expected to rise to USD 1,124.7 million. Among both Americas, due to technological advancement, North America is a bigger market than South America.
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Competitive Analysis
The market players are observed as being focused on increasing their operations globally and engage in strategic acquisitions to grow in organic cold pressed juices business. The key players profiled in the PET bottle recycling market are CarbonLITE Industries (USA), Clear Path Recycling (USA), Indorama Ventures Public Company Limited (Thailand), Krones AG (Germany), PFR Nord GmbH (Germany), Phoenix Technologies (USA), Plastipak Holdings, Inc. (the USA), and UltrePET LLC (USA).
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Middle East Potassium Feldspars industry Key Current and Future Trends, Regional Forecast 2030
May 6, 2022 5:08 - no comments yet
K-Feldspar or Potassium feldspar is a naturally occurring mineral compound and a significant component of many felsic igneous rocks used as decorative building stones. However, K-Feldspar finds its larger application as aggregate in concrete & asphalt, in the manufacture of glass, and enamel & scouring powder. Also, a bi-product of K-Feldspar ‘microcline’ is extensively used in the production of ceramics & ceramic glazes.
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Microcline is used to form a wide range of ceramic & porcelain products, including fine pottery & dinnerware, sinks, bathtubs, electrical insulators, and floor tiles. In addition, some varieties of K-Feldspar have significant value as gemstones, such as a glassy sanidine crystal known as moonstone and a variety of microcline Amazonstone that is used as jewelry or as ornamental stones.
Middle-Eastern populaces are always known for their fascination for gemstones. Due to its diverse & important application areas, such as the building & construction industry and ceramic & porcelain products, K-Feldspar garners a colossal market prominence throughout the year. Moreover, the prominent end-use of K-feldspar such as the glass industry and enamel & frits support its market growth to an extent.
According to Market Research Future (MRFR), the Middle East K-Feldspar industry is projected to create a valuation of over USD 191 MN by the end of 2022. In its recent study report, MRFR also asserts that the market is estimated to register a 4.2% CAGR throughout the forecast period (2016-2022). Similarly, in terms of volume, the Middle East potassium feldspar market is estimated to witness approximately 1069.9 ‘000 tonnes of production of K- feldspar, with a CAGR of 3.9% over the forecast period.
The augmenting demand and consumption of K-Feldspar is a key driving force behind the growth of the market. The increasing consumption of K-Feldspar in construction applications and growth in the automotive sector & automotive glass manufacturing, drive market growth significantly. Also, rising demand for K-feldspar from abrasives & electrode manufacturers, ceramic industry, dentistry, and other industrial manufacturing fosters the ME K-Feldspar Market.
Construction and automotive glass manufacturing are the largest end-user industries of K-feldspar. Resultantly, the recent spurting growth, especially in automotive production, has spurred the market demand. Furthermore, the increase in the industrial manufacturing sector offers lucrative growth opportunities.
On the other hand, the presence of alternatives substrates, which have similar strength and other physical properties as K-feldspar, is estimated to obstruct the market growth during the review period. Also, the relatively higher production cost is a key factor limiting the growth of the ME K-feldspar market.
ME K-Feldspar Market - Competitive Analysis
Highly competitive, the ME K-Feldspar market appears to be diversified with the presence of many internationally acclaimed players. To sustain their market positions, these players invest heavily in R&D, footprint expansion, advanced technologies, and product launches. They focus on optimized situational awareness for commercial customers to ensure their mission success. Manufacturers tap emerging markets for expansions and strive to deliver the finest and most reliable products to drive customer-centric growth.
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Middle East K-Feldspar Market - Country-wise Analysis
Turkey is the largest producer & consumer of K-Feldspar across the Middle East. The country is estimated to account for more than 70% consumption in overall ME feldspar consumption. Turkey is projected to retain its dominance over the ME K-Feldspar market, registering around 3.2% CAGR throughout the anticipated period.
GCC K-Feldspar market follows the Turkey market closely in terms of the growth rate. Noteworthy growth rate of GCC K-feldspar market attributes to the increasing automotive production of countries such as Saudi Arabia and Qatar. GCC country market is anticipated to be the fastest-growing market over the assessment period.
On the other hand, Israel and rest-of-the-Middle East markets are estimated to witness relatively low CAGR over the forecast period.
Major Players
Players leading the MEA K-Feldspar market include The Quartz Corp, United Mining Investments Co., Sisecam Group, Polat Maden Sanayi Ve Ticaret AS, Kaolin Industrial Minerals San. And Tic. Inc., Imerys Seramik Hammaddeleri San.Ve Tic.A.Ş., Gensa Kimya Sanayi Ve Ticaret AS, and Kalemaden Endustriyel Hammaddeler San.Ve Tic.A.S., among others
Middle East K-Feldspar Market - Segmentation
By Country/Regions wise, the report is segmented into Israel, Turkey, GCC, and the rest-of-the Middle East.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
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Potassium Feldspars Market Exclusive Trends and Growth Opportunities Analysis to 2030
May 6, 2022 4:09 - no comments yetAccording to Market Research Future (MRFR), the global potassium feldspars market is projected to witness significant growth with a healthy CAGR between 2022 and 2030 (forecast period). The report offers insight into leading competitors with competitive analysis, market dynamics, regional analysis, and a detailed overview of market situations in the forecast period.
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Potassium feldspars are aluminum silicates that contain potassium minerals. Feldspars are classified into two major groups, potassium feldspar, and plagioclase feldspar. Potash Feldspar mineral contributes to the composition of the enamel, ensuring the absence of defects and the neatness of the finished product like enamel frits. Due to a range of industrial applications of feldspar, such as, its use as a raw material in the glass and ceramics industry, coating for welding rods and as extenders and fillers in the paint industry, the demand for potassium feldspar is expected to rise during the forecast period.
Segmentation
The global Potassium Feldspar Market is mainly segmented by application and region. The application market is segmented into glass, ceramic & tiles, enamel frits, and glazes, abrasive, and others. Glass and ceramic industries, including products such as appliances, containers, and manufacturing, continued to be the highest end-use of feldspar in China and the United States. The bulk of potassium feldspar used by the glass industry is for the processing of bottle glass, drinking glass, and fiberglass for insulation. The global market for potassium feldspar is driven by the demand from the Asia Pacific (APAC), Europe, South America, and the Middle East & Africa.
Market Dynamics
Increased demand for ceramics across major end-use industries, such as electrical & electronics, construction, and medical devices, is expected to be the main drivers of the global market for potassium feldspar over the forecast period. The global market for potassium feldspar is driven by its widespread use in the glass industry like manufacture of glass, fiberglass and specialty glass (used in the production of kitchenware) and as a raw material in the manufacture of ceramics used in bathroom fixtures, kitchen fixtures, and floor tiles. However, the existence of a substantial substitute for potassium feldspars, such as nepheline syenite, hinders market growth. Global demand for nepheline syenite is increasing due to a rise in the absorption of nepheline in glass products due to its improved resistance to breakage and scratching. Nepheline syenite has a low iron content which contributes to the required whiteness of the powdered material used for glass and as an additive to pigments, fillers, and fiberglass by which it is used as a substitute for potassium feldspar.
Regional analysis
AsiaPacific is expected to remain a leading region with a market share of 39% over the forecast period, led by Europe and North America, which holds a significant market share in potassium feldspar. It is the fastest-growing market for potassium feldspar due to increasing demand from emerging economies such as China and Japan. Increased demand for ceramics and the booming construction industry in the region is expected to drive the Asia Pacific market over the forecast period.
Europe is expected to see substantial growth rates due to growing demand for ceramics and glasses in manufacturing, electronic sensors, automotive and medical devices. A significant amount of potassium feldspar stock is expected to support market participants in the region in terms of raw material sourcing in Turkey, Poland and Germany. Turkey has about 60 different mines and metals, as well as 4,500 different mineral reserves. The nation is one of the world's leading feldspar producers and exporters. It has a significant feldspar reserve, accounting for almost 10% of the total global reserve. According to the United States Geological Survey (USGS), Turkey is one of the world's leading producers and exporters of feldspar, with approximately 60 different mines and metals, as well as 4,500 mineral deposits. It has a strong feldspar reserve, accounting for almost 10% of the total global reserve, due to which the demand for potassium feldspar is expected to rise significantly in Europe during the forecast period.
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Key Players
Key players of the global potassium feldspars market areMineraliIndustrialiS.r.l.(Europe), Sibelco NV (Europe),Quartz Corporation (Europe), Gottfried Feldspat GmbH (Germany),LB MINERALS, Ltd. (Europe), CVC Mining Company (India), Purin Mineral Group Company Ltd. (Thailand), and others.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
