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Solvents Marketand its Types and Application The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020. With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021. AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices. Increasing Demand for Paints & Coatings to Propel the Market Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade. Industrial Cleaning Segment to Showcase Promising Progress On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market. Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Information Source: https://www.fortunebusinessinsights.com/industrial-solvents-market-102135

Acetic Acid Market Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2028 The global acetic acid market size is expected to reach USD 13.79billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & Industry Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Geography Forecast, 2020-2027.” The market size stood at USD 8.34 billion in 2019. Market Driver: Advancements in Polymer Development to Bolster Growth The growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market. The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market. Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market. Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films. Decreased Production to Hamper Market in COVID-19 Pandemic The reduced production of chemicals has negatively impacted on the market growth. The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market. However, the demand for ethanoic acid alongside the high consumption of sanitizers will subsequently aid in the recovery of the business amid coronavirus. Besides, health and safety concerns in healthcare facilities will further improve the prospects of the market in the near future. Regional Analysis: Heavy Investments in Polymers to Promote Growth in Asia Pacific The market in Asia Pacific is expected to hold the largest share in the global market owing to the rising polymer formulations in the region. The chemical is a key raw material used for the production of polymers in industries across Japan, China, and India. China is a major leader in polymers and chemicals. China's capacity further helps in the high production of ethanoic acid. According, to Chemical Market Associates, Inc. (CMAI) 400,000 tons per year demand is in China, from the global average demand. The improving construction industry in India is expected to further boost growth in the region. Europe is expected to hold a significant share during the forecast period owing to the rising demand from end-use sectors. The growing import activities will aid expansion in Europe. Moreover, the high production of methanol carbonylation, which has accounted for up to 65% of the world capacity, and other process oxidation of acetaldehyde by German producer Wacker will significantly create opportunities for the market in the region. Information source: https://www.fortunebusinessinsights.com/acetic-acid-market-103386

The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

The global metal packaging market size was valued at USD 143.06 billion in 2022. The market is projected to grow from USD 146.70 billion in 2023 to USD 181.49 billion by 2030, exhibiting a CAGR of 3.09% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/metal-packaging-market-103867 Metal packaging is a packaging solution offered to various end-use industries with the usage of steel or aluminum. Noteworthy properties such as recyclability, high density, high thermal conductivity, toughness, and mechanical durability boost its use in several applications. Segments- Aluminum Dominates the Segment Owing to its Noteworthy Benefits On the basis of material, the market is bifurcated into steel and aluminum. Aluminum holds the largest share of the market. The lightweight, corrosion-resistant property augments its usage in several end-use industries, thus propelling the segment's growth. Cans & Containers Hold the Largest Share Due to their Increased Usage in FMCG Products Based on product type, the market is segmented into containers & cans, bottles & jars, caps & closures, tins, barrels & drums, and others. Containers & cans are used on a large scale in several end-use industries such as personal care, food & beverages, and household owing to their recyclable and versatile properties. Food & Beverages Holds the Dominant Share Owing to the Widespread Usage of Metal Packaging in the Food Industry According to end users, the market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, paints & varnishes, household, and others. The food & beverage segment leads the market globally. Owing to busy lifestyles, the growing usage of ready-to-eat food products among working professionals, athletes, campers, and travelers leads to the metal packaging market growth. Geographically, the market is analyzed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Report Coverage- The report offers: Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into regional developments. List of major industry players. Key strategies adopted by the market players. Latest industry developments such as product launches, partnerships, mergers, and acquisitions. Drivers & Restraints- Increasing Demand for Metal Packaging in Varied Industries Foster the Market Growth Metal packaging has a wide range of usage in many industries such as pharmaceuticals, personal care & cosmetics, food & beverages, and consumer goods. The increasing demand and need for metal packaging from key companies for brand attraction and differentiation among most customers also drive market growth. The surge in demand for alcoholic & non-alcoholic beverages, ready-to-eat, canned food products, and processed food also enhances the market growth. Steel has very poor chemical stability, low resistance to acid and alkali, and easily prone to rust. The metal ions precipitate if acidic materials such as food products are packed in metal packaging. Metal packaging is more costly than other packaging materials, so the production cost is higher. Regional Insights- North America to Hold the Largest Share Owing to Increasing Demand for Metal Packaging The largest metal packaging market share is anticipated to be held by North America. The massive reliance on energy drinks and goods canned in the U.S. also contributes to the rising demand for metal packaging in North America. Asia Pacific led the market growth, followed by North America. The growth is credited due to the rapid expansion of the steel industry in the region over the last 10 years. China is the biggest steel producer, thus contributing to market growth. Europe is a rapidly-growing region due to the rising use of metal cans consisting of alcoholic and non-alcoholic beverages, the growing household, cosmetics industries, personal care, and processed foods. Competitive Landscape- Prominent Players in the Market Observe Noteworthy Growth Opportunities Key players in the market include Crown Holdings, Ardagh Group, Ball Corporation, Silgan Holdings, Amcor Limited, and others. Numerous other players operating in the industry are focused on providing advanced packaging solutions.

The global organic pigment dispersions market size was estimated to be worth USD 0.37 billion in 2020. The market valuation is expected to rise from USD 0.39 billion in 2021 to USD 0.53 billion in 2028 at a CAGR of 4.3% over the projected timeline. Growing environmental concerns are driving the product demand across industries. The rising demand for sustainable dispersions across applications, such as paints, coatings, and inks, will propel the market forward. Source: https://www.fortunebusinessinsights.com/organic-pigment-dispersions-market-106709

The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

The global paints and coatings additives market is expected to reach USD 12,659.4 million by 2027, driven by the increasing demand for high-performance, sustainable, and eco-friendly coatings. Additives play a crucial role in improving the properties of paints and coatings, such as durability, color retention, and scratch resistance. Manufacturers are constantly innovating to develop additives that can meet the evolving needs of the market and provide effective solutions. Information Source - https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810 One of the major trends driving the paints and coatings additives market is the growing demand for sustainable coatings. Consumers are increasingly becoming conscious of the environmental impact of the products they use and prefer eco-friendly options. This has led to a rise in demand for coatings that are made from natural and biodegradable materials, free from harmful chemicals, and do not contribute to pollution. To meet the demand for sustainable coatings, manufacturers are developing additives that can improve the performance and sustainability of paints and coatings. For example, there are additives that help to enhance the water resistance, adhesion, and color stability of coatings, while also reducing the amount of harmful volatile organic compounds (VOCs) emitted during application. Such additives allow manufacturers to produce coatings that are not only sustainable but also high-performing, durable, and long-lasting. Another trend driving the paints and coatings additives market is the increasing use of technology to enhance the properties of coatings. Additives that can improve the scratch resistance, chemical resistance, and corrosion resistance of coatings are in high demand by various industries, such as automotive, aerospace, and construction. Coatings that can withstand extreme weather conditions and protect against harsh chemicals and corrosive materials are essential for the longevity and performance of products. In addition to the properties mentioned above, additives are also used to improve the functionality of coatings. For example, there are additives that help to create a non-stick surface, reduce friction, and provide a smooth finish. Such coatings are used in a variety of applications, including cookware, medical devices, and machinery. The paints and coatings additives market is highly competitive, with many players competing to provide innovative solutions. Some of the major players in the market include BASF SE, The Dow Chemical Company, Evonik Industries AG, Eastman Chemical Company, and AkzoNobel N.V. These companies are constantly investing in research and development to come up with new and improved additives that can meet the needs of the market.

Acetone Market Growth Size, Share, Industry Analysis, Future Growth, Business Prospects and Forecast to 2028 The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth. How Did We Create This Report? We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Segment- Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446