Carbon Capture & Storage Market To Exceed USD 8.75 Billion By 2025

Qatar, which is the world’s largest Liquefied Natural Gas exporter, has recently finished the process of commissioning the largest carbon dioxide (CO2) recovery and sequestration facility in Middle East and North Africa, with Ras Laffan, an industrial hub in Qatar, being chosen as the facility location. The planned CO2 capacity is 2.1 million tons per year. The nation plans to use CO2 for enhanced oil recovery (EOR). The nation has announced plans to raise its production capacity of LNG by 43% by 2024, taking it from 77 million tons per year to 110 million tons by that period. This project comes as Qatar faces strong competition from Australia, which according to the U.S. Energy Information Administration (EIA), will be outpacing Qatar in terms of LNG exports within next year.

The Concept

Carbon capture & storage (CCS), also known as ‘carbon capture and sequestration’ or ‘carbon control and sequestration’, is the method of capturing waste CO2 (carbon dioxide) from large point sources; for instance, fossil fuel plants. The captured carbon dioxide is then transferred to a storage space & usually deposited in an underground geological formation, from where it won’t enter the environment. This is a potential way of reducing the contribution of CO2 emissions to the process of global warming and ocean acidification through industries and heating. There is a possibility that the combination of CCS and Biomass to show net negative emissions.

A recent statement by the IEA and the UN Climate Panel summarized the high probability of climate change linked to CO2 emissions, with an added recommendation of reducing global CO2 emissions by 5 gigatons annually. Carbon capture & storage can be expected to contribute to the complete elimination of 14-17% of CO2 emissions. Currently, there are more than 40 large-scale facilities, with Chevron’s Gorgon plant one of the latest additions.

One of the more notable examples in the carbon capture & storage field is the Petra Nova, a joint venture between JX Nippon Oil & Gas Exploration Corp. and NRG Energy Inc., which developed a carbon-capture project at NRG’s W.A. Parish Generating Station. It is currently the world’s largest operating CCS system. The project is designed to capture approximately 90 % of the CO2; along with sulfur oxides, nitrogen oxides, and particulates from a 240 MW ‘flue-gas’ slipstream. This process requires about 1.6 million tons of greenhouse gas per annum. The system deploys an amine-based CO2 scrubber, designed by Mitsubishi Heavy Industries, to capture the gas in industrial applications.

‘Capturing’ attention across the globe

Carbon capture and storage is receiving a lot of support from industries as well as Governments across the world, with the common consensus being that carbon capture and storage goes a long way in delivering deep emissions reductions, particularly in industries such as cement, petrochemicals, fertilizer and steel, which make up for over 20% of the global emissions. The United Kingdom has begun a carbon capture project from the burning of wood. The project, known as Bio Energy with Carbon Capture and Storage (BECCS), is being carried out at the Drax Power Station in North Yorkshire, and is the first such project in Europe.

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Further key findings from the study suggest:

The market is anticipated to be propelled by energy demand and ‘carbon dioxide’ reduction awareness.
Strict Government regulations with regards to greenhouse gas emissions is also expected to drive the industry forward. Since 1997, there has been a 20-time increase in the number of global laws regarding climate change, which include more than 1200 policies across 164 countries that are responsible for GHG emissions.
Wide adoption of gas injection for enhanced oil recovery (EOR) in various petroleum reserves worldwide is expected to drive industry demand in the near future.
Under the Paris agreement, Carbon capture & storage has been recognized as being critical in reaching global climate goals by major climate change bodies such as IPCC and IEA, a factor which would help in enhancing the market attractiveness.
With growth in the number of oil and gas industries, there is a high chance that the market will be populated further with competitive players.

Coal Bed Methane Market Worth $25.2 Billion By 2027

Coal Bed Methane is an unconventional form of natural gas which is found in coal seams or coal deposits. It is also known as coal seam gas, virgin coal seam methane, or ‘sweet gas’, owing to a lack of hydrogen sulfide. There are different methods of recovering CBM, making it a very stable source of energy. Drilling cost is the major contributor to the overall production cost. Electricity cost, machine maintenance cost and operational costs also contribute to the total cost of production. The leading application area is power generation.

Natural gas is one of the most rapidly growing forms of energy and has made its presence felt significantly in the global energy market. It has been rapidly catching up with crude oil as a fuel alternative because of its cleaner existence. Natural gas has been able to successfully penetrate the transportation and domestic application markets, thus helping it evolve as the primary global fuel. However, there has been an increased emphasis on the usage of unconventional natural gas sources such as shale gas, tight gas, methane hydrates and CBM owing to the depletion of conventional natural gas reserves.

However, the market is also not without its challenges. The dewatering of a CBM well consumes a lot of time, increasing the overall cost of its development which is a major challenge to this market. The Chinese market has not reached its full potential owing to myriad issues ranging from geological conditions, to conflicting mining rights, to insufficient subsidies and difficulties faced in attracting private capital. Also, doubts still persist regarding the quality, quantity and dispersal of the water from the coal seams.

The U.S. dominates global production, followed by Canada. The Asia Pacific region is expected to be one of the fastest growing markets in the near future owing to an increase in drilling activities, primarily in coal rich countries such as India, Australia, China and Indonesia. In Europe, the United Kingdom also has gathered pace in extraction activities of coal bed methane. Australia has been a major contributor to the market, with coal seam gas exploration a thriving activity, and the industry is aggressively expanding in the New South Wales (NSW) region. Bowen basin, Surat basin and Sydney basin are some of the well-known sites for coal seam gas exploration. India and China are especially showing good promise in terms of coal bed methane reserves and their exploration.

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Further key findings from the report suggest:

Coal Bed Methane production is expected to be driven by increasing exploration and extraction on a global scale over the next few years.
Methane emissions that result from conventional fuel and coal mining are reduced in this case, thus driving the market.
Governments provide tax incentives to companies undertaking this operation, which again is a big driving factor. CBM is also priced lower than other unconventional natural gases, increasing its market attractiveness.
Growing demand for sustainable fuel in the country in order to reduce reliance on conventional sources of natural gas is expected to be the key driving force for the North American market.
Growing GDP in Asia-Pacific is responsible for the increasing energy demand in the region, with China, India and Indonesia being the prime contributors. Companies have been attracted to invest in this region due to the huge amount of unproven reserves of Coal Bed Methane in these countries.

Modular Construction Market Size Worth $174.6 Billion By 2025

The global modular construction market size is expected to reach USD 174.6 billion by 2025, accelerating at a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Increasing emphasis on improving productivity and rising focus on workplace safety at construction sites are expected to drive the market over the forecast period.

The process involves prefabrication of modules away from the actual site in a controlled environment, resulting in reduced timelines for completing building projects. This process allows planned inventory usage and limited wastage of raw materials, thereby, significantly reducing the investment required for building work. Assembly lines for modular construction help producers streamline raw material purchasing and inventory management.

Modular constructions are monitored regularly, ensuring better quality of final products. Furthermore, they can be easily replaced or recycled during renovation activities, thus, making them more user-friendly. Permanent modular construction segment dominated the industry in Sweden and accounted for 69.1% of the overall market share in 2018 owing to increased demand for residential wooden housing structures in the region.

The industry players are expected to target developing economies such as India, China, and Southeast Asian countries to tap robust opportunities resulting from rapid growth of building sector. Increasing efforts by companies to adopt the latest technologies such as 3D printing and building information modeling (BIM) for optimizing offsite module construction activities are expected to have a positive impact on the industry growth. However, fluctuation in transportation cost is anticipated to hamper the market growth over the forecast period.

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Further key findings from the report suggest:

In Asia Pacific, residential application is expected to progress at a CAGR of 6.9% over the forecast period. This growth can be attributed to the growing population, which, in turn, demands high investment for development of residential housing projects
In India, modular construction in healthcare application segment was valued at USD 809.5 million in 2018 on account of high budgetary outlay for the development of healthcare infrastructure by public and private investors
The U.S. accounted for 79.3% of the regional market in 2018, owing to rising adoption of eco-friendly building practices by companies in the Americas
Commercial modular construction segment in Asia Pacific accounted for USD 7.34 billion in 2018, due to rising investments for establishment of offices, hotels, and restaurants.

Rainscreen Cladding Market Size Worth $183.3 Billion By 2025

The global rainscreen cladding market size is expected to reach USD 183.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Growth in construction spending in developing economies of Asia Pacific, resulting from population expansion and strong industrial development, is expected to drive the market.

Increasing urban population has led to the inadequacy of affordable housing, surge in road traffic, and inadequate water and sanitation services. Middle East and Africa, in particular, is transitioning from lack of infrastructure to a phase of infrastructural development, which is expected to fuel demand for rainscreen cladding.

The market is characterized by developments in technology to produce advanced products used in construction and other industrial applications. In addition, the low environmental impact of the product owing to low emission of volatile organic compounds (VOCs) is likely to drive product demand over the coming years.

Players in the industry are involved in mergers and acquisitions, contracts, agreements, and joint ventures in order to strengthen their position in the industry. However, high installation and maintenance cost associated with the product is anticipated to hamper demand over the projected period.

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Further key findings from the report suggest:

The terracotta rainscreen cladding market accounted for 35.2% of the overall revenue in 2018 on account of its increasing application for creation of panel designs in combination with other materials such as glass, stone surfaces, and paints
Demand for high-pressure laminates is expected to witness growth in terms of revenue at a CAGR of 7.4% from 2019 to 2025 owing to their attributes such as high durability, impact resistance, and availability in attractive colors and textures
Product consumption in the construction of offices is projected to reach USD 60.75 billion by 2025 on account of rising employment rate, coupled with regional expansion of existing companies, resulting in greater demand for office spaces
Asia Pacific accounted for 25.5% of the global revenue in 2018 owing to an expanding construction industry in the region, which can be attributed to massive investments for development of public infrastructure by governments across numerous countries
Major players in the industry are focusing on research and development activities for reducing operational costs, maximizing the efficiency of production, storage, and transportation facilities, and enhancing the quality of products to sustain the competition.

Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

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Further key findings from the study suggest:

Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments

Gluten Free Sugar Syrup Market Size Worth $1.44 Billion By 2025

The global gluten free sugar syrup market size is expected to reach USD 1.44 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.31% during the forecast period. Major factor attributing the growth is the growing number of gluten intolerant people. Consumer awareness regarding healthy living lifestyle is also attributed to the growth. People are omitting gluten rich foods from their diets to avoid diseases like Irritable Bowel Syndrome (IBS) and celiac diseases among others. By 2018, more than 170 million global population was suffering from celiac diseases, driving consumers to opt for gluten free foods and beverages.

Glucose syrup category was valued to be the largest market accounting for 47.21% of the global market in 2018. It is used to help balance sweetness, enhance flavors, and extend shelf life. Some of the key glucose syrup manufacturers are Cargill, Incorporated, SWEET ADDITIONS, LLC, and Tate & Lyle. Maple syrup is the second largest segment in the global market. This is used as an ingredient in a packaged food or poured on pancakes or oatmeal. Quebec, Canada accounted for 71% of the global maple harvest due to its soil capacity.

Industrial category was valued to be the largest application by accounting over 60% of market share in 2018. Growing consumer awareness regarding gluten free foods is driving companies to use gluten free sugar syrup as an ingredient. Companies are expanding their product line for this category. For instance, The Coca Cola Company has introduced Coke Zero, Diet Coke, Coca-Cola Classic, and other gluten free products.

Direct human consumption category accounted for around 37.67% of the global gluten free sugar syrup market in 2018. It is used to prepare different dishes and cocktails. Under this category independent health store sub category is expected to expand at a CAGR of 8.72% from 2019 to 2025. Consumers prefer this independent health store category due to product varieties. Employee training programs to boost sales is anticipated to further drive the product demand over the forecast period. It has been observed that the U.S. base health stores are operating in online and offline markets to meet the customer demand, for instance, The Better Health Store, The Vitamin Shoppe, and others.

North America is the largest consumer of gluten free sugar product. Around 3.5 million U.S. based consumers are gluten intolerant, driving the market growth. Consumer awareness about celiac disease and the rising trend of leading a healthy lifestyle is driving more people to consume gluten-free diet. Europe is expected to be the fastest growing market with a CAGR of 7.29% from 2019 to 2025. Growing consumer awareness about IBS is attributed to the regional growth.

The market is competitive in nature with the presence of many small and large brands. Some of the major companies are B&G Foods, Inc.; MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; Skinny Mix; Tereos; and others.

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https://www.grandviewresearch.com/industry-analysis/gluten-free-sugar-syrup-market

Further key findings from the report suggest:

In product segment, corn syrup category is projected to ascend at a CAGR of 7.83% from 2019 to 2025
Glucose syrup product led with an overall market share of 47.21% in 2018
Industrial category was the largest application by accounting a market share of 62.33% in 2018
North America led the global gluten free sugar syrup market in 2018 with a market share of 41.3%
Growing consumer awareness regarding healthy lifestyle is driving the growth
The market is highly competitive in nature with the main players including MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; and Blue Ocean Biotech
Various manufacturers are concentrating on expanding their product line to increase their customer base

Thermoplastic Elastomer Market Size Worth $19.76 Billion By 2022

The global thermoplastic elastomers market, estimated to witness a high CAGR in forthcoming years. These Elastomers have material belongings of rubber and thermoplastics that are supple and soft. These can be treated with universal method of thermoplastic. These methods are blow molding, extrusion, and injection molding. The Thermoplastic Elastomers become plastic whenever it is exposed to temperature and become elastic once it is cooled down. As a result of cross connection between materials and the elements, Thermoplastic Elastomers is produced. These Elastomers consists of a variety of properties that create it additionally better than PVC and rubber, for example it possesses a short cycle, have thermal steadiness, it is completely eco-friendly, uses less energy, simple to process. Also it is compliant for color special effects along with dying.

Growing utilization through numerous applications for example construction, consumer goods, electronics and footwear is influential in the development of the global market for Thermoplastic Elastomers in previous years. Growing demand from automobile components manufacturing industry is projected to be the most important factor motivating the development of the global market for Thermoplastic Elastomers in forthcoming years. The ecological organizations are heading for lessening the carbon discharge by way of increasing the fuel efficiency of vehicles. This has enforced main automobile original equipment manufacturers to include plastics such as the alternative for alloys and metals used in the manufacturing of automobile components.

Growing inclination of customers for light weight and better performing passenger cars is motivating the improvement of plastic components, which can be used in the manufacturing of automobiles, that helps in reducing the weight of the vehicle. These factors have augmented the utility of thermoplastic in the field of automobile manufacturing. As compared to Thermoset plastics the Thermoplastic Elastomers show better chemical and physical properties that add to the popularity of application

Asia Pacific market for Thermoplastic Elastomers is the biggest as Japan, China and India are the foremost consumers in the region. Greater progress of automobile manufacturing and construction industry in India and China, together with growing manufacture of electronic commodities and footwear in Southeast Asia is projected to additionally motivate the demand for these Elastomers in Asia Pacific in forthcoming years.

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Further key findings from the report suggest:

The demand for Thermoplastic Elastomers in North America is principally motivated due to the policies adopted by Environmental Protection Agency (EPA) to support recyclable products along with growing usage of these Elastomers in medicinal apparatus, automobiles, construction and leisure & sports equipment manufacturing
Some of the companies for Thermoplastic Elastomers Market are: LyondellBasell, Kraton Polymers, Sinopec and Dow Chemical Co
Additional significant companies are: LG Chemicals, Kuraray, Huntsman Corporation, Dynasol, BAYER, A. Schulman, Inc., LCY Chemical, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Berkshire Hathaway, and BASF

Surfactant market to grow at a CAGR of 4.6% from 2015 to 2022

In 2014, the global surfactant market was worth USD 25.60 billion. Development of detergents market predominantly in Latin America and Asia Pacific as a result of rising disposable income levels is likely to drive market growth. Moreover, growing oilfield chemicals demand on account of speedily growing E&P activities in China and North America is also expected to drive the global surfactants market.

Surfactants are used to diminish surface tension between a solid and a liquid or between two liquids in the form of emulsifiers, wetting agents, foaming agents, detergents or dispersants. They are used in numerous end-use industries for instance cosmetics, agrochemicals and pharmaceuticals. Constant progress in these sectors is projected to assist the major industry participants.

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Anioinic surfactants was the largest product type which accounted for over 45% of the market in 2014. Increasing demand for linear alkyl benzene in cleaners and detergents on account of profitable characteristics of products led to the high market share. Amphoteric surfactant type is projected to witness the highest growth rate, at an estimated CAGR of 4.9% from 2015 to 2022. Amphoteric surfactants are extensively being used worldwide owing to their various properties such as conditioning, bio degradability, foaming & foam stabilization and detergency.

Surfactant application accounted for the highest market share of over 40% in 2014. Growing product demand in detergents, household cleaners and soaps accounted for the huge demand in home care segment. Personal care application is forecasted to witness the highest growth rate, at an anticipated CAGR of 5.0% from 2015 to 2022. The growing demand for new innovative products such as anti-aging creams and make-up is expected to drive the demand for personal care application.

Asia Pacific accounted for over 30% of the global surfactant market in 2014.Increasing demand for home care and personal care products along with rising awareness about bio-based products is projected to provide an upper hand over other regions in the near future.

BASF – Cognis was the leading company in 2014 contributing over 30%of the total market share of global surfactants market. Other major companies in the market include Akzo Nobel, Kao, Stephan, Rhodia, Clariant, Evonik, Croda and Huntsman. The major industry participants in global surfactants market are developing new innovative products. In addition, some of the key strategies of the industry participants include joint ventures, mergers & acquisitions along with efficient marketing strategies. Media platforms are projected to be utilized on a large scale for product promotion and differentiation.

Lubricants Market Size Worth $167.5 Billion By 2027

The global lubricants market size is projected to reach USD 167.5 billion by 2027, expanding at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The demand for lubricants is driven by the growth in major end-use industries, especially marine and aerospace. However, the consumption was dominated by the industrial and automotive sectors together contributing to a market share of 93.1% in 2019.

Aerospace lubricants are projected to lead the growth as they provide long-lasting lubrication for various components and increase reliability, in order to operate efficiently in extreme temperatures and high vacuum. The aerospace components have high maintenance due to the increasing regulatory interventions, owing to their ability to carry a large number of people. In addition, aircraft are gaining high demand from the defense industry and lubricants are of utmost importance to make these vehicles compliant with specific military standards. The demand for aircraft is projected to witness positive growth due to the rise in defense budgets. Countries including U.S., India, Germany, and Brazil have made a considerable progress in defense, which is projected to boost the aerospace industry globally.

The aerospace lubricants find significant application in pistons as they reduce over 50.0% of the friction and contribute to better fuel efficiency. The substance also acts as a viscosity improver, sealant, and coolant in engine assemblies. Straight mineral oil with zero dispersants is usually recommended by manufacturers for the first 50-hour break-in period on new or newly overhauled engines.

On the other hand, the marine industry in North America is experiencing a renaissance and has a major contribution to national, economical, and homeland security. The domestic marine transportation industry is a major support for the energy infrastructure with the movement of refining petroleum, crude products, and chemicals, especially after the shale oil revolution. The shipbuilding industry is growing at an accelerated rate. The construction of several types of vessels which include roll-on/roll-off vessels, offshore supply vessels, containers has greatly increased in recent years, thereby boosting market growth.

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Further key findings from the report suggest:

Aerospace led the market in terms of growth due to the rise in production of commercial aircraft. The production of aircrafts is growing due to the increase in lavish lifestyles among middle class population across the globe
Gas turbine oils are the most widely consumed aerospace lubricants with a share of 42.2% in terms of value in 2019. The oil allows faster piston ring seating and allows the accumulation of some advantageous deposits which lead to better oil loss control. These factors are expected to further boost product demand over the forecast period
The global trade of lubricants is divided into three major blocks comprising of European chemical trade, ASEAN trade, and North America free trade area. The European and North American blocks account for around 40.0% of the overall trade
Latin America is projected to formulate several trade strategies in order to attract Foreign Direct Investment (FDI) for the infrastructure development and is thus expected to witness a CAGR of 3.5% from 2020 to 2027
Royal Dutch Shell leads the market with an overall share of 11.0% followed by ExxonMobil Corporation with 9.7% market share. Currently, Royal Dutch Shell operates 5 base oil facilities, 40 blending facilities, and 10 grease plants.

Aluminum Foil Market Size Worth $33.1 Billion By 2025

The global aluminum foil market size is anticipated to reach USD 33.1 billion by 2025, accelerating at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The superior barrier properties of the product coupled with rising demand for flexible packaging is expected to drive the market.

Aluminum foil is used in various packaging and industrial applications. Packaging involves protecting food & beverage products, medicines, cosmetics, and tobacco from chemical, climatic, and physical parameters. Industrial applications of the product involve transportation, building & construction, and electrical & electronics along with it being used to manufacture heat exchanger tube fins for air conditioners, thermal insulation wrappers for pipes & ducts, and coil & capacitors.

Packaging industry is projected to generate a considerable product demand over the forecast period. Aluminum foil is an excellent material for preserving food products stored on shelves or in freezer/cooler. Containers made of this material are popular for use in food packaging. Moreover, aluminum foil containers are highly suitable for use in all types of ovens including conventional, convection, microwave, and boiler ovens.

Aluminum foil is a consumer-friendly product and is recyclable. Apart from containers, the product has a wide application scope in the form of wrappers, lids, pouches, blister packs, and collapsible tubes in a diverse range of industries such as personal care & cosmetics, pharmaceutical, and food & beverage. Moreover, the product is lightweight and is, therefore, economical and easily transportable. Its ability to act as an absolute barrier and its impermeability makes it a versatile material for packaging manufacturers.

China dominated the global aluminum foil market in 2018, which can be attributed to the country’s ability to manufacture the product at a considerably lower cost than other countries. The abundance of bauxite ores in China allows manufacturers to procure raw materials such as alumina at a low cost and thus, produce downstream products such as aluminum foil at a relatively cheaper price compared to other countries.

Other developing regions, such as India, are expected to grow at significant rates owing to the thriving economy and rapidly expanding packaging sector. Developing nations along with their burgeoning population, create a vast potential for the players in the industry. The U.S. is the major consumer of the product in the North American market. The establishment of antidumping & countervailing duty on import of aluminum foil from China in the U.S. is likely to open new growth avenues for domestic manufacturers.

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https://www.grandviewresearch.com/industry-analysis/aluminum-foil-market

Further key findings from the report suggest:

Packaging segment dominated the global market in 2018 and accounted for 69.3% of the market share in terms of volume owing to the consistent product demand from food and pharmaceutical packaging sectors
In packaging industry, food & beverage application accounted for the largest revenue share of 68.0% in terms of revenue in 2018
Pharmaceutical packaging segment is expected to progress at the fastest CAGR of 7.2% from 2019 to 2025, in terms of revenue, owing to rapid expansion of the global pharmaceutical sector
Asia Pacific was the largest regional market for aluminum foil, which accounted for 54.6% of the overall volume share in 2018, on account of a wide population base and the presence of a vast food packaging industry in the region.