Paper, Plastics, Rubber, Wood and Textile Industry Overview

The oxygen scavengers market consists of sales of oxygen scavengers by entities (organizations, sole traders, and partnerships) that are used to reduce or completely remove oxygen in fluids and enclosed spaces to stop oxygen-induced corrosion. Oxygen scavengers are chemical substances that are also called oxygen absorbers. Oxygen scavengers increase the period of service life of the components under protection. The main types of oxygen scavengers are metallic and non-metallic. Non-metallic oxygen scavengers use organic reducing agents such as water-soluble vitamins, ascorbate salts, or catechol. The different forms include sachets, canisters, bottle caps and labels, OS films and pet bottles, liquid form, and powder form. The several compositions include organic and inorganic and are used in various areas such as food and beverage, pharmaceutical, power, oil and gas, chemical, and pulp and paper. The global oxygen scavengers’ market size is expected to grow from $2.03 billion in 2021 to $2.22 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global oxygen scavengers’ market size is expected to reach $2.81 billion in 2026 at a CAGR of 6.1%. Increasing demand from the food and beverage industry is expected to propel the growth of the oxygen scavengers market going forward. The food industry involves the production, processing, preparation, conversion, preservation, and packaging of foodstuffs. Oxygen scavengers are added to the foods and beverages to reduce or completely remove dissolved oxygen to extend shelf life and maintain the original food quality. For instance, according to the Food Industry Association (FMI), in 2020 the food and beverage business has surpassed the health and beauty industry as the largest consumer packaged goods (CPG) segment (44%). Therefore, the increased demand from the food and beverage industry is driving the oxygen scavenger market growth. The introduction of new oxygen scavenger additives for polyester packaging has emerged as a key trend gaining popularity in the oxygen scavenger market. Major companies operating in the oxygen scavenger are focused on developing new additives for polyester packaging to meet consumer demand and reinforce their position. For instance, in October 2019, Clariant, a Switzerland-based specialty chemicals company launched CESA ProTect, a new line of patent-protected oxygen scavenger additive masterbatches. The novel additive masterbatch's main target market is monolayer polyethylene terephthalate (PET) packaging, but it could also be useful for other polyester-based materials. CESA ProTect masterbatch can hold less than 1ppm oxygen levels for more than 18 months. It is suitable for refrigerated products and cold chain distribution. In July 2020, PolyOne Corporation, a US-based polymer materials manufacturing company acquired Clariant and Clariant Chemicals India Ltd.’s color masterbatch business in Germany for an undisclosed amount. With this acquisition, the two global leaders will form Avient, a firm that will focus on being a great place to work while also providing clients with long-term solutions. Clariant is a Switzerland-based specialty chemicals company that manufactures oxygen scavengers. Major players in the oxygen scavenger market are Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant, Ecolab, Accepta Ltd., Arkema Group, Eastman Chemical Company, PolyOne Corporation, Henkel AG & Co. KGaA, Lonza, Aditya Birla Chemicals, ESSECO UK LIMITED, Kuraray Co. Ltd., MCC Chemicals, DOW Chemical Company, Conventya Inc., and Chemco Industries Inc. North America was the largest region in the oxygen scavenger market in 2021. Asia Pacific is expected to be the fastest growing region in the global oxygen scavengers’ market during the forecast period. The regions covered in the global oxygen scavengers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global oxygen scavenger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global oxygen scavenger market is segmented - 1) By Type: Metallic, Non-Metallic 2) By Composition: Organic, Inorganic 3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder 4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper

The agricultural films market consists of sales of agricultural films by entities (organizations, sole traders, and partnerships) that are made up of plastic materials and are used in various agricultural applications such as a glass alternative in greenhouses, row covers, hay bags, silo caps, trench silo coverings, plant bed covers, and for composting. The raw materials commonly used in agricultural films are low-density polyethylene (LDPE), ethylene-vinyl acetate (EVA), or ethylene-butyl acrylate (EBA) copolymers and linear low-density polyethylene (LLDPE). The main types of agricultural films are low-density polyethylene, linear low-density polyethylene, high-density polyethylene, ethylene-vinyl acetate, and others. High-density polyethylene is a low-cost, milky white, semi-translucent thermoplastic. It is stiff and stronger than LDPE, with good impact strength and greater puncture resistance. The various forms of films include geomembrane, agricultural silage films, agricultural mulching films, greenhouse plastic/covering films that are used for bale wrapping and ensiling, silo bags manufacturing, tunnel covers, and bunker ensiling. The global agricultural films market size is expected to grow from $9.36 billion in 2021 to $10.30 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The global agricultural films market size is expected to reach $13.26 billion in 2026 at a CAGR of 6.5%. The increasing focus on improving agricultural output globally is expected to propel the growth of the agricultural films market going forward. Agricultural productivity, often known as output, is defined as total output per unit of a single input, partial factor productivity (PFP) metrics include land productivity (yield) and labor productivity. The growing population coupled with the demand for food and reduction in agricultural lands enhance the demand for productivity on existing agricultural lands. For instance, according to the Global Agricultural Productivity Report published in 2021, total factor productivity (TFP) is expanding at a 1.36% annual pace (2020-2019). This falls below the 1.73% yearly growth goal set by the Global Agricultural Productivity Index to meet consumers' food and bioenergy needs in 2050. Therefore, the increasing focus on improving agricultural output drives the growth of the agricultural films market. The introduction of biodegradable polymers to enhance production is shaping the agricultural films market. Major corporations are investing in biodegradable polymers with competitive mechanical properties in order to replace petroleum-based commodity plastics. For instance, in 2019, BASF, a Germany-based chemicals company introduced Ecovio M 2351, a certified soil-biodegradable plastic for mulch films produced from biodegradable co-polyester polybutylene adipate terephthalate (PBAT), eco flex, and other biodegradable polymers generated from sustainable raw materials. Mulch films composed of eco via M 2351 can be plowed into the soil following mechanical harvesting because naturally occurring microorganisms in the soil perceive the film's structure as food that they can digest. Furthermore, when compared to bare-soil farming, the usage of eco via mulch films can enhance tomato yield by 15 to 50 percent while cutting water use and offering better weed control with fewer pesticides. In June 2021, CNH Industrial N.V., a Netherland-based capital goods company acquired Raven Industries Inc. for a deal amount of $2.1 billion. The acquisition will strengthen CNH Industrial's position in the global farm equipment industry by adding strong innovation capabilities in autonomous and precision agriculture technologies. Raven Industries Inc. is a US-based agriculture company that produces high-altitude balloons, radar systems, plastic film and sheeting, and precision agriculture products. Major players in the agricultural films market are Berry Global Inc., Kuraray Co. Ltd., Coveris Group, Trioplast Industrier AB , Armando Alvarez Group, RKW Group, AL-PACK Enterprises Ltd., RPC Group plc, The Dow Chemical Company, BASF SE, Ab Rani Plast Oy, INDEVCO Group, Takiron Co. Ltd., Britton Group Inc, and Anhui Guofeng Plastic Industry Co. Ltd. Asia Pacific was the largest region in the agricultural films market in 2021. The regions covered in the global agricultural films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global agricultural films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global agricultural films market is segmented - 1) By Type: Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, Other Types 2) By Film: Geomembrane, Agricultural Silage Films, Agricultural Mulching Films, Greenhouse Plastic Or Covering Film 3) By Application: Agricultural Films For Bale Wrapping And Ensiling, Agricultural Films For Silo Bags Manufacturing, Agricultural Films For Tunnel Covers, Agricultural Films For Bunker Ensiling

The smart diapers market consists of sales of smart diapers by entities (organizations, sole traders, and partnerships) that enables effective care of babies and old people. Smart diapers are integrated with sensors which senses wetness in the baby's diaper and transmits a signal to a nearby receiver, which subsequently sends an alert to the parent or caregiver. The main products types in smart diapers are babies and adults. Adult diapers are designed to help people who are elderly and have daily issues, such as dementia, urinary/fecal incontinence, diarrhea, or mobility limitation. The different applications include universal care, community care, and clinical care and are distributed through various channels such as online, and retail. The global smart diapers market is expected to grow from $7.94 billion in 2021 to $8.80 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The global smart diapers market is expected to reach $11.91 billion in 2026 at a CAGR of 7.8%. The increasing birth rates is expected to propel the growth of the smart diapers market going forward. The birth rate is defined as the number of live births per thousand people in a given year. Smart diapers help to identify certain health problems such as constipation, skin rashes, other allergies, and incontinence in children. According to Macotrends, a premier research platform, the United States' current birth rate in 2021 is 12.001 births per 1000 people, up 0.09% from 2020. Therefore, the high birth rates are driving the growth of the smart diapers market. Technological advancements have emerged as the key trend gaining popularity in the smart diapers market. Smart diaper technology comprises wireless or Bluetooth-enabled moisture sensors affixed to the diaper's exterior, as well as hefty batteries to power long-range internet connections. For example, in February 2020, Massachusetts Institute of Technology researchers developed a smart diaper with RFID (radio frequency identification) technology that will notify caregivers when a diaper is wet. When the system senses moisture in the diaper, it transmits the signal to a nearby receiver, which could then send alerts to a smartphone or computer. The sensor's passive frequency identification (RFID) tag is hidden beneath a layer of highly absorbent polymer, a type of hydrogel commonly used to absorb moisture in diapers. In October 2020, Kimberly-Clark, a US-based producer of paper-based consumer products acquired Softex Indonesia for a deal amount of $1.2 billion. With this acquisition, Kimberly aimed to produce even more long-term shareholder value and to accelerate its growth in Southeast Asia. Softex Indonesia PT is an Indonesia-based company that manufactures sanitary paper products and smart diapers. Major players in the smart diapers market are Smartipants, Indiegogo Inc., Abena Holding A/S, Simativa, Opro9, MONIT CORP., SINOPULSAR, Pixie Scientific, ElderSens, Alphabet Verily, Fit Assist Medical Inc., Sensassure, and DigiSense. North America was the largest region in the smart diapers market in 2021. Asia Pacific is expected to be the fastest growing region in the global smart diapers market during the forecast period. The regions covered in the global smart diapers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart diapers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global smart diapers market is segmented - 1) By Product Type: Babies, Adults 2) By Application: Universal Care, Community Care, Clinical Care 3) By Distribution Channel: Online, Retail

The sustainable athleisure market consists of sales of sustainable athleisure by entities (organizations, sole traders, or partnerships) that are referred to casual, comfortable clothing made up of eco-friendly and natural materials designed to be suitable for both exercise and everyday wear. Athleisure is a type of hybrid clothing that is typically worn during athletic activities as well as in other settings such as the workplace, school, or other casual or social occasions. Sustainable athleisure is made up of natural, renewable, recycled, biodegradable, and low-impact textiles to provide consumers with high-performance activewear while protecting both people and the planet. The main types of sustainable athleisure are mass and premium. Premium sustainable athleisure is sportswear made up of organic fibers that are durable and ecofriendly and are costlier than mass products. The various distribution channel of sustainable athleisure includes online and offline channels that are used by men and women. The global sustainable athleisure market is expected to grow from $77.78 billion in 2021 to $85.92 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global sustainable athleisure market is expected to reach $114.90 billion in 2026 at a CAGR of 7.5%. Raising awareness of consumers toward their physical fitness will support the growth of the sustainable athleisure market going forward. Physical fitness is an important factor in health promotion and disease prevention, and physical inactivity has been linked to a number of chronic diseases and risk factors. Hence, consumers are adapting physical activities in their daily life to improve health. Sustainable athleisure is preferred by the majority of people since it is constructed of environmentally safe materials and provides comfort during physical activity and exercise. For instance, according to a study conducted by Frontiers, a Switzerland-based media company, in October 2019, 40% of those surveyed were aware of the physical activity advice. In addition, 7% properly identified the requirements for moderate aerobic physical activity, whereas 25% correctly identified the recommendations for muscular activity. Thus, the growing awareness of consumers towards the importance of physical fitness will propel market growth. The usage of recycled products to manufacture new sportswear and shoes is an emerging trend gaining popularity in the sustainable athleisure market. Major companies operating in the sustainable athleisure sector are using waste plastic, recycled fabrics, and other waste materials to produce eco-friendly sportswear. For instance, in February 2020, Puma, a Germany-based sportswear company, announced the launch of a new collection made entirely of recycled plastic. The brand collaborated with recycling company First Mile to co-create the collection, which includes shoes and apparel made from recycled yarn and plastic bottles collected in the First Mile network. In February 2020, H&M, a Swedish multinational clothing company, collaborated with P.E Nation to bring together athleisure styles with more sustainable materials. The P.E Nation + H&M collection includes apparel, swimwear, underwear, and accessories created in partnership with the H&M in-house team utilizing sustainable textiles that can be worn all day, every day while staying flexible, utilitarian, and style-led. P.E Nation is an Australian-based online retailer and activewear brand. Major players in the sustainable athleisure market are Pact LLC, Adidas AG, PANGAIA, Patagonia Inc., Nike Inc., Vuori Inc, Athleta, Levi's, Alternative Apparel, H&M Conscious, Eileen Fisher, Hanesbrands Inc, Fashionable Inc., Vera Bradley, Verloop. North America was the largest market in the sustainable athleisure market in 2021. Asia Pacific is expected to be the fastest growing region in the global sustainable athleisure market during the forecast period. The regions covered in the global sustainable athleisure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the sustainable athleisure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global sustainable athleisure market is segmented - 1) By Type: Premium, Mass 2) By Gender: Women, Men 3) By Distribution Channel: Offline, Online

The aramid fiber market consists of sales of aramid fiber by entities (organizations, sole traders, and partnerships) that refers to a synthetic fibre in which the fiber-forming component is a long-chain synthetic polyamide with around 85 percent of the amide linkages attached to two aromatic rings. Aramid fibers are high-performance fibers manufactured from man-made molecules with relatively stiff polymer chains. These molecules are joined by strong hydrogen bonds that efficiently transfer mechanical stress, allowing for the utilization of chains with low molecular weight. Aramid fiber is mostly used for reinforcement in composites such as sports goods, aviation, and military vehicles, as well as fabrics in apparel such as fire safety garments or bulletproof jackets. The main types of aramid fiber are para-aramid fiber and meta-aramid fiber. Para-aramid is heat and flame-resistant synthetic fiber with high tensile strength, impact resistance, and low elongation at break. It is also resistant to acids and alkalis. The several applications include protective fabrics, frictional materials, optical fibers, tire reinforcement, rubber reinforcement, composites, and others that are used by various end-use industries such as aerospace and defense, automotive, electronics and telecommunication, sports goods, and others. The global aramid fiber market is expected to grow from $3.80 billion in 2021 to $4.28 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The global aramid fiber market is expected to reach $6.00 billion in 2026 at a CAGR of 8.8%. The rising need for lightweight materials offering significant emission reduction in vehicles is contributing to the growth of the aramid fiber market. The use of lightweight materials in automobiles helps in reducing weight, fuel consumption, and greenhouse gas emissions. Aramid fibers are used as reinforced materials in the manufacturing of tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat textiles, electronics, and seat sensors in automobiles due to their lightweight and high strength capabilities. For instance, according to the Electronic Specifier, a UK-based publisher of global electronics sector information resources, lightweight material in the automobile industry is predicted to expand at a CAGR of 5% by 2028. Therefore, the rising demand for lightweight materials offering significant emission reductions in vehicles will drive the growth of the aramid fiber market. The strong government spending on military and defense industries will support the growth of the aramid fiber market going forward. The increase in the defense budget is enabling governments from numerous countries to invest in advanced and lightweight protective equipment for military forces. Aramid fibers are used in aerospace and military applications, including ballistic-rated body armor fabric and ballistic composites, maritime cordage and hull reinforcement, and as a substitute for asbestos. For instance, according to the Stockholm International Peace Research Institute, a Sweden-based institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trafficking, the US government spent $778 billion on defense in 2020, up 4.4% from 2019. In addition, the United States, as the world's largest military spender, accounted for 39% of total military spending in 2020. Therefore, the strong government spending on military and defense industries will support the growth of the aramid fiber market. The increasing investments have emerged as the major trend gaining popularity in the aramid fiber market. Aramid fiber manufacturing companies are investing in expanding their aramid fiber production capacity in order to fulfill the growing demand from end-use sectors. For instance, in June 2021, Kolon Industries, a South Korea-based chemical and textile manufacturing company, announced a 236.9 billion won ($209.2 million) investment to increase its production capacity of aramid fiber, a material used in vehicle tires. Kolon Industries estimates that after the expansion is completed in 2023, its manufacturing capacity will increase from 7,500 to 15,000 metric tonnes. It stated that with improved production capacity, the company plans to quickly expand into advanced industries including electric vehicles. Major players in the aramid fiber market are Teijin Ltd, DuPont De Numerous Inc, Yantai Tayho Advanced Materials Co. Ltd, Hyosung Corp, Toray Industries Inc., Kolon Industries Inc, Huvis Corporation, Kermel, China National Bluestar (Group) Co. Ltd, SRO Aramid Co. Ltd., JSC Kamenskvolokno, X-FIPER New Material Co. Ltd., Toyobo Co Ltd, Taekwang Industrial, Jiaxing Newtex Composites Co. Ltd, Guangdong Charming Company, Bally Ribbon Mills, Coats group plc, Vectorply, and Solvay. Europe was the largest region in the aramid fiber market in 2021. Asia Pacific is expected to be the fastest growing region in the global aramid fiber market during the forecast period. The regions covered in the global aramid fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aramid fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global aramid fiber market is segmented - 1) By Type: Para-Aramid Fiber, Meta-Aramid Fiber 2) By Application: Protective Fabrics, Frictional Materials, Optical Fibers, Tire Reinforcement, Rubber Reinforcement, Composites, Other Applications 3) By End-Use Industry: Aerospace And Defense, Automotive, Electronics and Telecommunication, Sports Goods, Other End Users

The smart bed market consists of sales of smart beds by entities (organizations, sole traders, partnerships) of smart beds that uses sensors technology to gather data about the sleeping patterns of a person which can also be transferred to smartphones to offer tips on how to sleep better. Smart beds are a emerging technology that helps in improving sleep patterns, and they come with a wide range of features such as sleep tracking, temperature control, air chambers, app integration, position control, audio playback, self-making, extra furniture, and others. The main types of smart beds are manual, semi-automatic and automatic. An automatic smart bed is one that collects data about your sleeping habits using sensors and other technology. This data is used to self-adjust and optimise your sleep. The application of smart beds is in healthcare, hospitality, residential and other industries. Smart beds are sold in various channels such as supermarket or hypermarket, online stores, specialty stores and other sales channel. The global smart bed market size is expected to grow from $2.81 billion in 2021 to $3.06 billion in 2022 at a compound annual growth rate (CAGR) of 8.93%. The global smart bed market size is expected to reach $3.99 billion in 2026 at a CAGR of 6.09%. Rapid expansion in the hospitality industry is driving the growth of the smart bed market. The hospitality industry is a broad group of businesses such as restaurants, hotels, casinos, amusement parks, resorts, cruises, and others that are involved in providing services to customers. Companies in the hospitality industry are increasingly investing in innovative products to enhance the experience of customers by providing better sleep and maintaining a clean and hygienic environment. According to the study conducted by Expedia Group in 2019, an American Online Travel Agency, on more than 1,200 hoteliers, more than 77% of chain hotels are focused on increasing their technology investments, while independent hoteliers are focusing on room renovations. Therefore, rapid expansion in the hospitality industry is expected to boost the smart bed market during the forecast period. Technological innovations are the key trends gaining popularity in the smart beds market. The companies operating in the smart med sector, are constantly developing new products with advanced technologies and features to increase the quality and sleep time of customers. For instance, in January 2020, Sleep Number Corporation, a USA-based manufacturer of technologically advanced or smart beds launched a new 360 smart bed with advanced sensing capabilities to proactively monitor and improve the quality and sleep time. In Sep 2021, Baxter international Inc., an American multinational health care company acquired Hill-Rom Holdings, Inc. for $10.5 billion total equity value. This acquisition by Baxter adds smart hospital beds to its existing product portfolio of patient monitoring and diagnostic products. Hill-Rom Holdings, Inc. is a medical device provider based in USA. Major players in the smart bed market are Besco Medical, BodiTrak, Hi-Interiors SRL, Hill Rom Holdings Inc., Invacare Corporation, Paramount Bed Co., Responsive Surface Technology, Sleep Number Corporation, Stryker Corporation, Ultimate Smart Bed, Arjo, BAM Labs Inc, Eight, iNyx, Joerns Healthcare LLC, LINET spol. s r.o., Vista Medical Ltd., and Balluga Limited. North America was the largest region in the smart bed market in 2021. Asia Pacific is expected to be the fastest-growing region in the global smart bed market during the forecast period. The regions covered in the global smart bed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart bed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global smart bed market is segmented - 1) By Type: Manual, Semi-Automatic, Automatic 2) By Application: Healthcare, Hospitality, Residential, Other Applications 3) By Sales Channel: Supermarket/Hypermarket, Online Stores, Specialty Stores, Other Sales Channels

The hardwood flooring consists of sales of hardwood flooring by entities (organizations, sole traders, and partnerships) that are produced with wood species that are readily obtainable and very hard. The examples of hardwood flooring include oak flooring, maple flooring, and cherry flooring. Hardwood flooring are highly attractive, low cost and offers premium finish over the other flooring materials. The main types of hardwood flooring are solid wood and engineered wood. Solid wood is preferred flooring option as it is made of solid wood of maple, oak or walnut. The design outlook consists of plank, strip, parquet and others depending on the type of design preferred in hardwood flooring. Further, the raw materials used are red oak, white oak, maple and other. The hardwood flooring is distributed through offline stores and online stores. The global hardwood flooring market is expected to grow from $45.16 billion in 2021 to $48.26 billion in 2022 at a compound annual growth rate (CAGR) of 6.86%. The hardwood flooring market is expected to reach $58.03 billion in 2026 at a CAGR of 4.72%. The rapid inclination toward aesthetically appealing and sophisticated interiors by residential and commercial building customers is driving growth of hardwood flooring market. Residential and commercial building customers are increasingly focused on redefining the interiors with major focus on improving air quality, thermal comfort, quality of internal lighting, using recyclable materials and chemical-free materials. According to the study published by Pinterest, 60% of users have used social visual network to make decisions for home décor purchases. The change in customer preferences is expected to boost usage of hardwood flooring in interior designing in different sectors across the globe. Technological advancement is a key trend gaining popularity in the hardwood flooring market. Manufacturers operating in the hard flooring market are launching innovative products to offer high-performance hardwood flooring and products that are resistant to various external factors. For instance, in June 2019, Lamiwood Flooring Company, an India-based provider of wooden flooring launched Holz Parket Hardwood Floors in the Indian market. These Holz Parket Hardwood Floors are treated to be resistant to moisture and temperature changes. In February 2022, Paceline Equity Partners, a Dallas-based private equity manager, acquired AHF Products for an undisclosed amount. This acquisition by Paceline Equity Partners is focused on accelerating its penetration into new products, brands, and innovative technologies. AHF Products is US-based company with a family of strong brands serving the residential and commercial markets that provides hardwood flooring. Major players in the hardwood flooring market are AHF Products, Armstrong Flooring, Inc., Beaulieu International Group, BerryAlloc, Bruce Evans Flooring, LLC, Classen, Egger Group, Formica Group, FRITZ EGGER GmBH & Co. OG, Harris Wood, Formica Group, Anderson, Boral, Brumark, DuChateau, Eco Timber, Flooring Innovations, Inc., Gerflor Group., and Goodfellow, Inc. North America was the largest region in the hardwood flooring market in 2021. Asia Pacific is expected to be the fastest-growing region during the forecast period in the hardwood flooring market. The regions covered in the hardwood flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hardwood flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global hardwood flooring market is segmented - 1) By Product Type: Solid Wood, Engineered Wood 2) By Design Outlook : Plank, Strip, Parquet, Other Designs 3) By Raw Material: Red Oak, White Oak, Maple, Other Raw Materials 4) By Distribution Channel: Offline Stores, Online Stores

The fiber-reinforced plastic vessels market consists of sales of the fiber-reinforced plastic vessels by entities (organizations, sole traders, partnerships) that refers to enclosed containers manufactured by fiber-reinforced plastic and designed to hold liquids, vapours and gases. Fiber-reinforced plastic is a composite material made of polymer resins as a matrix and glass or carbon fiber as a reinforcement. The technical advantages of fiber-reinforced plastic include corrosion resistant, ability to withstand hydrostatic forces, and strong tensile strength. The main types of fibre reinforced plastic vessels are glass fiber, carbon fiber, aramid fiber, other types. Glass fiber reinforced plastic is a composite material made up of a polymer matrix and glass fibres. The different types of resins used in fibre reinforced plastic vessels include polyester, epoxy, polyurethane, other resins. These vessels are distributed over various channels such as online, offline and used in various industries such as automotive & transportation, water & wastewater, chemical, industrial, oil & gas, other applications. The global fibre reinforced plastic vessel market size is expected to grow from $2.78 billion in 2021 to $3.01 billion in 2022 at a compound annual growth rate (CAGR) of 8.29%. The global fibre reinforced plastic vessel market size is expected to reach $4.35 billion in 2026 at a CAGR of 9.63%. Increasing demand for fibre-reinforced plastic vessels in the automotive industry is driving the growth of the market. In the automotive industry, FRP vessels are used for fuel storage in natural gas vehicles and these vessels are constructed in a single piece, to reduce the possibility of splitting in the event of a crash. The rapid growth in the adoption of natural gas vehicles or conversion of existing gasoline vehicles to the natural gas vehicle in developing countries to reduce pollution levels has led to increased demand for FRP vessels. According to the study published in NGV Global Knowledgebase, as of 2019, there were 28.5 million natural gas vehicles and 33,383 natural gas filling stations operating across the globe. Thus, an increase in demand for FRP vessels in the automotive industry is expected to boost the market during the forecast period. Development of low-weight transportation FRP vessels is the key trend gaining popularity in fibre reinforced plastic vessels market. Carbon fibre reinforced polymers and glass fibre reinforced polymers are some of the FRP used in the development of the low weight transportation materials. For example, in August 2020, Universal Hydrogen, a US based carbon-free economical hydrogen transport company, announces a new product launch of twin-tank module for 50 seat aircraft that uses carbon fibre-wrapped pressure vessels to store H2 gas at 850 bar, enabling a 400-nm range for a Dash 8 or ATR turboprop regional aircraft that enables easy transport and loading using existing infrastructure. In December 2019, Nov Inc., an American-based company involved in providing equipment and components for oil and gas drilling and production operation, acquired Denali Inc, for an undisclosed amount. With this acquisition, both companies are expected to provide innovative FRP solutions to the petroleum, chemical, power generation, and water industries. Moreover, Denali will merge into NOV's Fibre Glass Systems business line, which will provide clients integrated, full-service solutions — fibreglass pipes, risers, and tanks — from a single, dependable source. Denali is an American manufacturer of fiberglass-reinforced plastic (FRP) products and technologies. Major players in the fiber reinforced plastic vessels market are Sainath Industrial Corporation, Plas-Tank Industries Inc., JRMS Engineering Works, TROY Dualam Inc., Swami Plastic Industries, Augusta Fiberglass Coating Inc., Worthington Industries, Inc., Avanco Group, Cevotec Gmbh, Denali Incorporated, Enduro Composites Inc., EPP Composites Pvt. Ltd., Faber Industrie Spa, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Nproxx, Quantum Fuel Systems LLC., and ZCL Composites, Inc. Asia Pacific was the largest region in the fiber reinforced plastic vessels market in 2021. Asia Pacific is expected to be the fastest-growing region in the global fibre reinforced plastic vessel market size during the forecast period. The regions covered in the global fibre reinforced plastic vessel market size report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fiber reinforced plastic vessels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global fiber reinforced plastic vessels market is segmented - 1) By Type: Glass Fiber, Carbon Fiber, Aramid Fiber, Other Types 2) By Distribution Channel: Online, Offline 3) By Resin: Polyester, Epoxy, Polyurethane, Other Resins 4) By Application: Automotive & Transportation, Water & Wastewater, Chemical, Industrial, Oil & Gas, Other Applications