The global paints and coatings additives market size is predicted to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 6.4% during the forecast period. The increasing consumption paints & coatings additives in the construction industry will propel the growth of the market, Fortune states Business Insights in a report, titled “Paints and Coatings Additives Market Size, Share & Industry Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2019-2027” the market size stood at USD 8,299.7 million in 2019.

Market Driver:

High Demand in the Residential Sector to Foster Growth

The increasing application of coatings in the construction, automotive, aerospace, equipment manufacturing industry is a key factor enabling the growth of the market. The growing utilization of additives such as thickeners, emulsifiers, dispersants, deformers, leveling agents, photo-stabilizers, and curing catalysts in the construction industry will have a positive impact on the market during the forecast period. The corrosion protection properties in additives act as a shield for buildings & infrastructures, thus improving the durability of coatings. The surge in the residential sector along with the expansion of commercial spaces will incite the development of the market during the forecast period. The increasing demand for multifunctional additives is expected to drive the market in the forthcoming years. The rising acquisition among major companies will be a vital factor in encouraging the growth of the market. For instance, in January 2017, Evonik, a German specialty chemicals company announced that it has acquired Air Products' performance materials division. The company has plans to merge its silica business line, the coating additives business line, and the specialty additives branch of Air Products with a focus on substrate wetting additives. Besides, the growing focus of companies for the development of innovative solutions in various formulation challenges in the paints & coatings industry will create new opportunities for the market in the forthcoming years.

Source: https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810

Increasing Industrial Applications to Aid Development in Asia Pacific

Asia Pacific is expected to account for the largest share during the forecast period owing to the rising demand from construction, automotive, furniture industries. The increasing industrial applications of additives will further boost the market in the region. The booming construction industry is a key factor driving the market in emerging nations such as China, Japan, and India. Europe is expected to witness a substantial growth rate during the forecast period owing to the demand from the industrial and automotive applications. The rising application of paints & coatings for decoration of buildings and infrastructure will have a tremendous impact on the market in the region. North America is predicted to grow rapidly during the forecast period owing to the burgeoning automotive and construction industry. The increasing demand for architectural and industrial applications will enable speedy expansion of the market.

Key Development:

March 2018: Solvay announced the expansion of its portfolio with new performance additives and specialty monomers for paints, coatings, adhesives, and inks. The products will deliver benefits which include, emulsion stability, particle-size control, better adhesion to substrates, and improved wetting & dispersion.

December 2018: Elementis PLC announced to the acquisition of a production facility at Mumbai, India for US$ 4 Mn which will serve the personal care, coatings, and energy markets in India and globally.

The Report Lists the Main Companies in the Coatings Additives Market:

• The Dow Chemical Company
• Evonik Industries AG
• BYK
• Clariant
• Kyoeisha Chemical Co., LTD.
• Arkema
• BASF SE
• Lubrizol Corporation
• ELEMENTIS
• Kusumoto Chemicals, Ltd.
• ALLNEX NETHERLANDS BV
• Shin-Etsu Chemical Co., Ltd •
Shamrock Technologies
• King Industries
• Troy Corporation
• Solvay SA

Market Overview
Pune, India, 4th January 2023: The global sustainable packaging market size was valued at USD 310.00 billion in 2022. The market is projected to be worth USD 329.26 billion in 2023 and reach USD 518.33 billion by 2030, exhibiting a CAGR of 6.70 % during the forecast period.
Sustainable packaging is the utilization of sustainable packaging materials to wrap, shelve, store, or ship products, which mainly results in enhanced sustainability. The changing lifestyle trends and rising disposable income of consumers led to the increase in the demand for packaged food & beverages, driving the market expansion.
Fortune Business Insights™ mentioned this in a report titled, “Sustainable Packaging Market, 2023-2030.”
Source: https://www.fortunebusinessinsights.com/sustainable-packaging-market- 108946
Segments
Cost-Effectiveness of Paper & Paperboard Material to Drive Paper & Paperboard Segment Expansion
Based on material, the market is segmented into paper & paperboard, glass, plastic, metal, and others. The paper & paperboard segment is dominating the market. paper and paperboard material is important to eliminate the carbon footprint and is also cost-effective, aiding segment growth.
Growing Utilization to Propel Bags & Pouches Segment Growth
By product type, the market is divided into boxes & cartons, bags & pouches, bottles & cans, films & wraps, trays, mailers, and others. The bags & pouches segment is dominating the market. The segment's growth is attributed to the rising utilization of bags and pouches by several end-use industries due to the benefits, such as lightweight and compact and decreased transportation and shipping costs.
Increasing Demand for Sustainable Packaging Solutions to Boost Food & Beverages Segment Growth
Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, consumer goods, e-commerce, and others. The food & beverages segment is expected to witness significant growth during the projected period and currently dominates the market. The increasing demand for sustainable packaging solutions, such as tray boxes in restaurants, food outlets, and takeaway services.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report provides major growth drivers, restraining factors, opportunities, and potential challenges for the sustainable packaging market. It offers comprehensive insights into regional developments , a list of major industry players, key strategies adopted by market players, and the latest industry developments, including product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Increased Demand for Recycled Plastic Packaging to Boost Market Growth
The increasing demand for recycled plastic packaging by manufacturers and consumers is driving the sustainable packaging market growth. Recycled plastic packaging is more environmentally friendly than regular plastic packaging. The increasing utilization of lightweight recycled plastic packaging, including R-PET that decreases transportation costs propels market expansion.
Switching packaging from traditional to eco-friendly packaging can be expensive for many companies, especially small-scale companies, which may impede market growth.
Regional Insights
Well-established Paper & Paperboard Recycling Infrastructure to Propel Market Growth in North America
North America holds a dominating part in the sustainable packaging market share. The growth is attributed to the well-established paper & paperboard recycling infrastructure in the region. Changing consumer preferences, presence of key market players, and strict government regulations to further propel the market growth in the region.
Asia Pacific is estimated to witness a sustainable growth during the forecast period and is the second-leading region of the market. The growth is attributed to the growing food & beverage industries and the increasing development and use of packaging, which is highly recyclable, generating important opportunities for market growth in the region.
Competitive Landscape
Rising Key Players' Focus on Advanced Packaging Solutions Delivery to Boost Market Expansion
The sustainable packaging market consists of major market players, such as Amcor Plc, Ardagh Group SA, Ball Corporation, Crown Holdings Inc., DS Smith, and others. The increasing focus of these key players on providing advanced packaging solutions is propelling market growth.
Key Industry Development
February 2023 – ProAmpac, a leading flexible packaging & material science company, launched ProActive Recyclable Paper-1000. The ProActive Recyclable Paper-1000 is the addition newest to the company's ProActive Recyclable series of products. All these products are heat-sealable with directional tear and moisture barrier properties.
List of Key Players Present in the Report:
• Amcor Plc (Switzerland)
• Ardagh Group SA (Luxembourg)
• Ball Corporation (US)
• Crown Holdings Inc. (US)
• DS Smith (UK)
• Sealed Air Corporation (US)
• Mondi Group (UK)
• Sonoco Products Company (US)
• Tetra Pak International SA (Switzerland)
• WestRock Company (US)
• Smurfit Kappa (Ireland)
• Huhtamaki Oyj (Finland)
• International Paper (US)
• Berry Global (US)
• Gerresheimer AG (Germany) )

The global advanced ceramics market size is projected to reach USD 1, 80,463.4 million by 2028. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2021-2028.” The report further mentions that the market stood at USD 82,972.9 million in 2020. It will exhibit a CAGR of 10.2% during the forecast period between 2021-2028. The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the need for electro ceramics. Advanced ceramics is broadly used in such products because of their possession of multiple beneficial properties, such as compressive strength.
Kyocera Corporation Acquires 100% Shares of HC Starck Ceramics GmbH
In February 2019, Kyocera Corporation, a multinational ceramics and electronics manufacturer based in Japan, announced that Kyocera Fineceramics GmbH, its Germany-based European headquarters signed an agreement to acquire 100% shares of HC Starck Ceramics GmbH. This acquisition will help Kyocera to introduce its state-of-the-art fine ceramic manufacturing assets, innovative technologies, and production lineup in Europe . Such initiatives by prominent companies are likely to surge the demand for advanced ceramics worldwide.
Source: https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073
Report Coverage-
The research report of the advanced ceramics industry offers a comprehensive analysis of existing companies that can affect the market outlook throughout the upcoming years. In addition to that, it provides an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and qualitative insights.
Drivers & Restraints-
Rising Usage in Making Implant Abutments and Artificial Bones to Propel Growth
Advanced ceramics are gaining more importance in the medical industry. The product has excellent aesthetic, physical, and biological properties. Therefore, it is utilized for making endosseous implants, artificial bones, and implant abutments. The industry is also anticipated to use zirconia ceramics. These factors are broadly set to accelerate the advanced ceramics market growth in the forthcoming years. However, the production process of this ceramic involves high cost spending as it includes inspection, diamond grinding, sintering, forming, and raw material processing. It may hinder growth.
Segments-
Transportation Segment Generated 21.2% Share in China in 2020: Fortune Business Insights™
Based on the material, the market is divided into alumina, zirconia, titanate, silicon carbide, silicon nitride, and others. Below is a brief note on the end-use criterion:
• By End-use: The market is categorized into electrical & electronics, transportation, medical, chemical, and others. Out of these, the transportation segment held 21.2% in terms of the China advanced ceramics market share in 2020. This growth is attributable to the rising usage of the product in aerospace engines and electric water pumps. On the other hand, the medical segment earned 18.0% in 2020 on account of the high demand for biodegradable splints and other similar products.
Regional Insights-
Increasing Usage of Titanate in Automotive Industry to Propel Growth in Asia Pacific
• Asia Pacific: The region held USD 30,783.0 million in terms of revenue in 2020. It is expected to remain at the forefront on account of the high demand for the product from the medical industry. Besides, increasing usage of titanate in the automotive industry, especially in China, is set to aid growth.
• North America: The increasing shift of manufacturers towards this ceramic over plastic or other metals is anticipated to help the region remain in the second position additionally, the rising production of electronic devices and electrical equipment in the region would boost growth.
• Europe: The presence of a well-established automotive industry in the region is set to augment growth in the forecast period. Coupled with this, the urgent need to reduce emissions in the atmosphere would also result in the rising adoption of electric vehicles in the region.
Competitive Landscape-
Key Companies Aim to Participate in Acquisition Strategy to Compete with Their Rivals
The market houses several prominent manufacturers that are focusing on various organic and inorganic strategies to compete with their rivals. Among them, acquisition is the most significant strategy. International Syalons, for instance, is a leading producer of silicon nitride and sialon-based ceramics. It often participates in mergers and acquisitions to broaden its footprints and generate more sales.
A list of reputed advanced ceramics providers operating in the global market:
• International Syalons (UK)
• KYOCERA Corporation (Japan)
• S&S Advance Ceramics (India)
• Advanced Ceramics Manufacturing (US)
• Nishimura Advanced Ceramics (Japan)
• CeramTec GmbH (Germany )
• CoorsTek Inc. (US)
• Saint-Gobain (US)
• Morgan Advanced Materials (UK)
• Technocera (India)
• Other Key Players