Top 10 Published Studies: AMR’s Take on the Factors Impacting the Materials and Chemicals Domain in 2024
In the last few decades, the materials and chemicals domain has witnessed significant growth due to the advancements in material sciences. Furthermore, the shift toward green chemistry and sustainable chemicals has accelerated the sector’s growth rate and success. Recently, Allied Market Research published a newsletter on the top 10 published studies in the landscape of materials and chemicals in 2024. With the help of scientific analytical tools such as Porter’s five forces, the study explores the contribution of certain industries to the overall growth of the domain.
Technical Textile Market
The AMR report on the technical textile market highlights the various initiatives launched by governments in developed and developing countries such as the US, EU, Canada, India, etc. The exercise is aimed at helping companies understand how the landscape is performing in different parts of the world.
The study further states that the market accounted for $191.7 billion in 2022 and is expected to gather a revenue of $331.8 billion by 2032, citing a CAGR of 5.7% during 2023-2032. The growing applicability of technical textiles in automobile manufacturing and consumer electronics is expected to help the landscape flourish. Furthermore, the rising demand for these advanced materials from the construction sector has played a huge role in the growth of the market in 2024.
Basalt Rock Market
The basalt rock market by AMR covers different aspects of the industry, including its growth drivers, restraints, and investment opportunities. Precise data and statistics are offered as part of the study with the aim of helping companies make the right business decisions and increase their market share in the long run.
As per the AMR report, the basalt rock market is expected to gather a sum of $473.6 million by 2032. The industry held a revenue of $310 million in 2022 and is projected to rise at a CAGR of 4.5% during 2023-2032. The unique characteristics and properties of basalt rock have made it quite popular in the automotive and aerospace industries, thus augmenting their growth rate in 2024. Additionally, the use of basalt rock as an alternative to carbon fibers, glass, and steel is predicted to bring numerous opportunities to the industry.
Recycled PET (rPET) Market
Recently, Allied Market Research published a report on the recycled PET (rPET) market which classifies the industry into various segments based on type, source, and application. The main purpose of this segmental analysis is to assist companies in focusing on the key investment areas and formulating expansion strategies accordingly.
In the last few years, the overall awareness regarding the hazards of plastic pollution has increased. This has surged the demand for recycled PET products, thereby accelerating the industry’s growth rate. Additionally, many sovereign states have started promoting these goods which has also driven the market in 2024. The AMR report states that the landscape, which accounted for $8.4 billion in 2022, is expected to amass a sum of $16.2 billion by 2032, registering a CAGR of 6.7% during 2023-2032.
Boron Market
The AMR report on the boron market covers the performance of the industry in various regions around the world, including North America, LAMEA, Europe, and Asia-Pacific. All the significant administrative, legal, political, socioeconomic, cultural, and demographic factors impacting the landscape are presented as part of this study to help businesses understand how the industry participants are operating in different provinces globally.
The report further adds that the industry accounted for $10.5 billion in 2023 and is estimated to gather a sum of $15.3 billion by 2033, rising at a CAGR of 3.9% during 2024-2033. The growth in demand for energy storage devices has expanded the scope of the market substantially in 2024. Moreover, the widespread use of boron-infused ceramics in manufacturing different aircraft components such as engine parts, turbine blades, and thermal protection systems is expected to create favorable conditions for the growth of the landscape.
Nylon Market
The nylon market report by Allied Market Research throws light on the competitive scenario of the industry with the help of scientific analytical tools such as Porter’s five forces. Through these insights, the study aims to educate new entrants on the various strategies adopted by multinational corporations and the best practices that should be adopted to improve their operational workflows.
According to the report, the nylon market is predicted to amass a revenue of $49.1 billion by 2033. The industry was valued at $31.3 billion in 2023 and is projected to surge at a CAGR of 4.6% during 2023-2032. The increasing use of lightweight nylon products in aerospace and automotive manufacturing to ensure fuel efficiency has played a huge role in the expansion of the landscape. Additionally, the emergence of 3D printing is anticipated to open new avenues for growth in the market in the coming period.
Liquid Adhesives Market
The liquid adhesives market report published by AMR provides an in-depth analysis of technological advancements, upcoming trends, and the latest news in the industry. The primary motive of the exercise is to aid companies in staying updated with recent developments, thus helping them frame favorable policies in the long run.
As per the study, the industry was valued at $38.3 billion in 2023 and is expected to gather a revenue of $56.7 billion by 2033, citing 4% during 2023-2032. The rising applicability of liquid adhesives in end-use sectors, including construction, consumer electronics, automotive manufacturing, etc., is anticipated to help the market flourish in the near future. Moreover, the development of environmentally sustainable adhesives has broadened the scope of the landscape.
Plastic Pigment Market
The plastic pigment market report offers precise actionable data and accurate market intelligence on various aspects of the industry. The major companies operating in the landscape such as BASF SE, Sudarshan Chemical Industries Limited, Heubach GmbH & Co. KG, Mazda Colors Ltd., etc., are profiled as part of the study to aid new participants in understanding the dynamics of the market comprehensively.
According to the study, the plastic pigment industry held a revenue of $11.2 billion in 2022 and is estimated to gather a sum of $21.8 billion by 2032, registering a CAGR of 6.9% during 2023-2032. The growing demand for enhanced aesthetics and vibrant colors in the consumer goods sectors has impacted the landscape positively. Furthermore, the overall rise in the number of e-commerce platforms is predicted to surge the growth rate of the market in the near future.
Packaging Products Market
The AMR report on the packaging products market provides a detailed analysis of the different stakeholder actions, including strategic alliances and product launches. All the major acquisitions, mergers, partnerships, and collaborations are studied in the report to help businesses understand how multinational conglomerates compete on the international forum.
The study further highlights that the landscape, which accounted for $24.4 billion in 2022, is anticipated to gather a revenue of $36.3 billion by 2032, registering a CAGR of 4.1% during 2023-2032. The increasing demand for biodegradable and recyclable strapping materials has opened numerous investment opportunities in the industry in 2024. Additionally, the expansion of e-commerce and globalization of supply chains has accelerated the industry’s growth and success.
Fasteners Market
Allied Market Research recently published a report on the fasteners market which classifies the landscape into various segments based on product, sales channel, and end-use. Each of these segments is analyzed in detail and the growth drivers and other such factors influencing the industry are covered to aid companies in chalking out holistic customer-centric policies.
The report states that the market, which was valued at $97.2 billion in 2022, is anticipated to register a revenue of $151 billion by 2032, rising at a CAGR of 4.6% during 2023-2032. The growing investments by governments and private companies in infrastructure development projects are predicted to augment the growth rate of the landscape in the coming period. Additionally, the increasing applicability of fasteners in aerospace industries has played a huge role in the expansion of the market in 2024.
Flexible Packaging Market
The flexible packaging market study throws light on the behavioral patterns, purchasing preferences, and consumption trends in various regions across the globe such as North America, LAMEA, Europe, and Asia-Pacific. These insights are aimed at helping enterprises in realigning their operations as per the evolving dynamics of the industry.
The report further states that the landscape is anticipated to garner a sum of $325.8 billion by 2032. The industry was valued at $197.4 billion in 2022 and is expected to rise at a CAGR of 5.1% during 2023-2032. The widespread use of flexible packaging in cosmetics and personal care products industries is predicted to present lucrative opportunities in the landscape. Furthermore, the surge in demand for these advanced packaging materials from the food and beverages sector has helped the market thrive in several ways.
Summing up
As per the newsletter on the top 10 published studies for the materials and chemicals domain in 2024, industries such as packaging products, technical textiles, and plastic pigment have contributed hugely to the overall expansion of the landscape in 2024. In addition, the overall advancements in material sciences and the shift toward sustainability are anticipated to augment the growth rate of the sector in the future.
To get more insights into the lucrative opportunities in the domain, contact our industry specialists today!
