Growing Industries: CPVC, Metal Fiber, Wrap Films, Carbon Fiber Composites, and MS Polymer Adhesives

Multiple industries are projected to experience significant growth, driven by factors such as increasing demand for eco-friendly solutions, the rise in the construction industry, and the shift towards sustainable practices. Key players in the Chlorinated Polyvinyl Chloride (CPVC) market include Lubrizol Corporation, Kaneka Corporation, Sekisui Chemical Co., Ltd., Georg Fischer AG, Astral Pipes, and challenges include regulatory compliance and competition from alternative materials like polypropylene and cross-linked polyethylene. The global metal fiber market is expected to reach US$ 6.2 billion by 2028, driven by the demand for lightweight vehicles and stringent regulations to increase fuel efficiency. The automotive wrap films market is projected to surge from $4.66 billion in 2022 to $5.78 billion by 2023, with a robust compound annual growth rate of 23.9%, attributed to the substantial growth in luxury vehicle sales and continuous innovation by leading manufacturers. The automotive carbon fiber composites parts market is projected to grow from $19.29 billion in 2023 to $42.14 billion by 2028, driven by the surge in electric vehicle sales and the demand for innovative production techniques and sustainability practices. The MS Polymer Adhesives market is expected to jump from 4.8 billion USD in 2023 to 5.17 billion USD in 2024, highlighting the shift towards sustainable practices and the development of innovative, green products.