Global Fire Stopping Materials Market New Industry Revenue Pockets

The fire stopping materials market size is estimated to be USD 1.4 billion in 2021 and is expected to reach USD 2.4 billion by 2026, at a CAGR of 11.6%during the forecast period.Fire stopping is a fire protection system for sealings of any openings to prevent fire, smoke, and heat from passing multiple components. They are generally used in warehouses, office complexes, commercial and industrial buildings. The components of fire stopping materials are made of fire retardant and intumescent materials as well as cementitious motors, silicone, and mineral fibers and rubber compounds. They are majorly used in electrical, plumbing, mechanical, building and construction applications. 

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Based on type, the fire-stopping materials market is segmented asmortars, sealants, cast-in devices, boards, putty and putty pads, collars, wraps/strips, and others. Sealants are estimated to have a larger share in the fire stopping materials market followed by the mortars.  Putty and putty pads are the fastest leading type of fire stopping materials.Putty is a material with high plasticity, similar in texture to clay or dough, typically used to seal gaps during construction. Firestop putty are mainly used for electrical outlet boxes, sealing pipe and cable insulation, construction joints, solid ceilings, and lightweight partitions to increase their fireresistance. It provides full protection against the spreading of smoke and fire during a fire accident. It also provides excellent adhesion to construction substrates and penetrants including gypsum, metal and plastic.These properties are expected drive the demand of putty and putty pads during the forecast period.

Based on application, the fire-stopping materials market has majorly been segmented intoelectrical, mechanical, plumbing and others.The fire-stopping materials market size for electricalapplications accounted for the largest share of global fire-stopping materials, in terms of value, in 2020. The development of high-rise apartments is increasing, these infrastructures require sophisticated electrical systems including switchboards, cables, conduit and outlets. Due to strict regulations, it is necessary to install fire stopping systems within these facilities.These factors are the major drivers for the electrical applications of fire stopping materials market.

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Based on end-use, the fire stopping materials market has majorly been segmented intocommercial, industrial and residential.The fire stopping materials market size for commercial applications accounted for the largest share of global fire stopping materials, in terms of value, in 2020. The market for commercial construction  has been driven by the strict building codes and increasing construction projects in the developed and developing economies of APAC,  North America and Europe.

On the basis of region, North Americais estimated to be the largest market for fire stopping materials in 2020.APAC is estimated to be the fastest-growing region in the global fire stopping materials market in forecast period. The increasing population in the region, accompanied by the development of new technologies and products is projected to make this region an ideal destination for the growth of the fire stopping materials. Improved lifestyle and increasing income also help the market to flourish in developing economies of the region.Many foreign players are investing in the construction industry of APAC and North America. This gives a huge boost to ongoing developments. Thus, the market for fire stopping material is expected to register very high growth in these regions.

The key market players profiled in the report include Hilti Corporation (Liechtenstein), 3M (US), Etex Group (Belgium), Knauf Insulation (US), Specified Technologies Inc (US), Sika  AG(Switzerland), RectorSeal Corporation (US), BASF SE(Germany), RPM International Inc.(US), Morgan Advanced Materials (UK), Rolf Kuhn GmbH (Germany), Tenmat Ltd. (UK), Encon Insulation Ltd. (UK), Fischerwerke GmbH & Co. KG (Germany), Saint-Gobain Group (France), Rockwool International AS (UK), SupremexEquipments (India), Walraven (The Netherlands), Everkem Diversified Products (US), Abesco Fire Ltd. (UK), Lloyd Insulations (India), Den Braven (The Netherlands), HoldRite (US), Unique fire stop products Inc. (US), and Fire Seals Direct (UK).

Global Tube Packaging Market Industry Key Revenue Pockets

The global tube packaging market size is estimated to grow from USD 9.5billion in 2021 to USD 13.0billion by 2026, at a CAGR of 6.6% during the forecast period.The market is projected to witness decent growth in the near future, owing to growing demand from oral care and cosmetics industries throughout the world. Increasing demand from APAC will further drive the growth of the global tube packagingmarket. 

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Amcor (Switzerland), Albea Group (France), EsselPropack Limited (India), Hoffman Neopack AG (Switzerland), andHuhtamaki Oyj(Finland), among others are the leading tube packaging manufacturers, globally. These companies adopted new product launch, expansion, partnership & collaboration, and merger &acquisition, partnership & collaboration as their key growth strategies between 2017and 2020 to earn a competitive advantage in the tube packagingmarket.

Albea is the largest player in the market. It offers various products based on core expertise such as tubes, cosmetic packaging, dispensing system, and beauty solutions. In March 2020, L'Oréal in partnership with Albea Group announced the launch of the world's first accredited paper-based cosmetic tube, which will eventually replace plastic for environmental safety.

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EsselPropack Limited is the second-largest player of the tube packagingmarket, globally. EsselPropack Ltd. is one of the largest global specialty packaging company which manufactures laminated plastic tubes catering to the FMCG and pharmaceutical segments. In November2020, EPL acquired Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, and plastic co-ex tubes and caps, primarily serving personal care, cosmetic, pharmaceuticals, and   FMCG markets in India.

MarketsandMarkets expects the global tube packaging market size to grow from USD 9.5billion in 2021 to USD 13.0billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period. Thedriving factors for Tube packaging market is growing demand from cosmetics & oral care applications.Tube packaging provides benefits, which include protection, compactness, convenience, reliability, and cost-effectiveness; these properties make tubes the most viable option for packaging.

Tube packaging manufacturers are the most important players in the value chain as they produce and provide various product types of tube packaging based on their required properties for the specific end-use applications. The end-use applications such as oral care, cosmetics, pharmaceuticals, food & beverage, cleaning products and other. This provides additional value to the chain.

Oral care is the largest market of tube packaging with a 40.1% share, globally. The growth of the oral care segment is attributed to the rising disposable income, growing middle-class population, growing consumption of oral hygiene products.Laminate tubes having plastic barrier or aluminum barrier are mainly used in oral care applications.

Top Global Doors Market Industry Leaders

The global doors market size is projected to grow from USD 90.6billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The major driving factors of the market include rapid urbanization, rising residential and non-residential activities, growing middle-class income, and rising income level, especially in emerging economies such as India and China are expected to drive the doors market in the future.

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The keyplayers in the commodity plasticsmarket are Assa Abloy (Sweden),DromaKaba (Switzerland),  (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc.(US), PGT (US), Fancy Doors &Mouldings(Canada), Cornerstone Building Brands(US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon &Billard Lumber Co.(US), Atrium (US), Fenesta (India), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), NovofermGmbh(Germany), Marvin (US), Viwintech Window & Door Inc.(US), Therma-Tru Corp. (US), and OCM Industrial Doors (Italy). These players have adopted various strategies, such asmerger & acquisition,investment & expansion, new product launch/development, and partnership, agreements, andjoint venturebetween 2013 and 2020, to enhance their market shares and expand their global presence.

Assa Abloy is a global supplier and manufacturer of door opening solutions. It was formed as a result of the merger between ASSA (Sweden) and ABLOY (Finland). The company provides intelligent lock and security solutions satisfying the customer’s need of security, safety, and convenience such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The end-consumers of the company include airports, hospitals, stadiums, schools, offices, hotels, and homes.

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·        In October 2020, Assa Abloy acquired Olimpia Hardware (Costa Rica). This acquisition will help the company to increase its distribution network in Latin America.

Dorma Kaba was formed by a merger of Kaba Group (Switzerland) and Dorma Group (Germany) in September 2015. The company’s portfolio includes locking systems—from cylinders, keys, and locks to fully networked electronic access solutions—physical access systems, and automatic door systems, as well as a comprehensive range of door hinges and fittings and door controls.

·         In July 2020, signed an agreement to sale its project installation business (Norway) to Låssenteret AS (Norway). With this sale of business, the company aims to optimize its business portfolio and concentrate on its core business.

Global Nonwoven Fabrics Market Industry New Revenue Pockets

According to INDA, Association of the Nonwoven Fabrics Industry, “Nonwoven fabrics are broadly defined as sheet or web structures bonded together by entangling fiber or filaments (and by perforating films) mechanically, thermally, or chemically. They are flat, porous sheets that are made directly from separate fibers or from molten plastic or plastic film. They are not made by weaving or knitting and do not require converting the fibers to yarn. The growth of this market is attributed to the increase in the demand for nonwoven products globally due to the surge in demand for  masks for COVID-19 prevention. The growth in the end-use industries (such as automobile, construction, healthcare, packaging, agriculture, and textile) has generated new opportunities for the nonwoven fabrics market. However, factors such as volatility in the raw material prices may inhibit the growth of the market.

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MarketsandMarkets expects the global nonwoven fabrics market size to grow from USD 40.5 billion in 2020 to USD 53.5 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. The market for nonwoven fabrics is segmented, on the basis oftechnology, into spunbond, wet-laid, dry-laid, and others (include electrostatic spinning and flash-spun).Spunbond is projected to dominate the market for nonwoven fabrics by 2025. Spunbond is one of the most preferred technologies through which nonwoven fabrics can be produced in higher quantities. In the spun laid process, also known as the spunbond process, polymer granules are melted and later cooled and placed to form a uniform web. The polymers used are polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE), and rayon. These polymers are extruded and are later filtered and drawn on to a conveyor to form a web. Co-extrusion of the second components can also be done to provide extra properties to the nonwoven fabrics. Spunbond nonwoven fabrics find applications in hygiene products, construction, coating substrates, agriculture, battery separators, wipes, and filtration.

On the basis of application, hygiene is projected to be the largest segment in the nonwoven fabrics  market during the forecast period. Nonwovens are used as an alternative to traditional textiles due to their excellent absorption properties, softness, smoothness, strength, comfort & fit, stretchability, and cost-effectiveness. Nonwoven fabrics are used in baby diapers, sanitary napkins, wipes, face masks, adult incontinence products, lens tissues, hand warmers, buff pads, and laundry dry sheets. COVID-19 has increased the demand for hygiene products across the globe, and thereby, the manufacturers are taking initiatives to expand their production capacities for the nonwoven hygiene products in 2020.

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The nonwoven fabrics market is studied for four regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The APAC region accounted for the largest market share in 2019, in terms of both value and volume. Furthermore, the market for nonwoven fabrics in the APAC region is projected to grow at the highest CAGR from 2020 to 2025, in terms of both value and volume.

Durability, environmental friendly, and the sustainable nature of the raw materials determine their applicability in nonwoven fabrics, and accelerate their demand and need for various applications across different end-use industries. These nonwoven fabrics are widely used during the COVID-19 pandemic for the production of face masks, protective garments, and wipes.

Global Biodegradable Films Market Industry Leaders

The biodegradable films market is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 6.6% from 2020 to 2025. The major reasons for the growth of the biodegradable films market include growing awareness regarding plastic waste and its adverse impact on the environment. Some of the other driving factor for the biodegradable films market growth include, growing demand from the food packaging industry, high demand from the agriculture & horticulture sector.

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Companies such as BASF SE, Futamura Chemical Co. Ltd., Taghleef Industries, Walki Group Oy, Kingfa Sci. & Tech. Co., Ltd., and BioBag Americas, Inc. fall under the winners’ category. These are leading players in the biodegradable films market, globally are some of the leading players operating in the biodegradable films market. These players have adopted the strategies of acquisitions, new product launches, collaborations,              expansions, partnerships, and contracts to increase their presence in the global market.

BASF SE is the leading player in the global biodegradable films market and is estimated to have the highest share in the market. In May 2019, BASF SE entered into an exclusive contract with Lactips (France) to market a water-soluble, 100% bio-based, and fully biodegradable film manufactured by Lactips. This biodegradable film is manufactured from natural ingredients and is applicable for home care, industrial, and institutional markets. Under this contract, BASF SE will use its expertise in network and supply chain to market the product. The contract supports BASF SE’s strategy to leverage sustainable solutions to drive business growth.

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The another important player in the global biodegradable films market is Futamura Chemical Co. Ltd.
In October 2019, Futamura Chemical Co. Ltd. launched a new compostable film, NatureFlex 30NVO. This new product is made from renewable wood pulp and is said to be the first certified compostable, heat-sealable film in the biodegradable films market. The product offers the heat resistance required for conventional and microwave ovens. This new product launch helped Futamura Chemical Co. Ltd. widen the market scope of its biodegradable film’s product portfolio