Latest news with #Michelman
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Water-based Barrier Coatings Market Research, Insights 2025, Share, Trends, Competitive Landscape, Business Statistics and Forecast till 2030
The water-based barrier coatings market is expanding rapidly, driven by growing demand for sustainable packaging solutions across industries. Key players like ALTANA AG, BASF SE, H.B. Fuller, Kuraray, and Michelman lead innovation and global reach. With rising environmental concerns and regulatory support, the market is set for strong, long-term growth. The water-based barrier coatings market is projected to grow from USD 1.28 billion in 2024 to USD 1.85 billion by 2030, at a CAGR of 6.3% between 2025 and 2030 in terms of value. This report provides a comprehensive analysis of the market, including water-based barrier coatings market size, trends, drivers and constraints, competitive aspects, and prospects for future growth. Water-based barrier coatings have gained prominence in the packaging industry due to their ability to facilitate recycling, enhance product protection, and extend the shelf life of food and goods. As packaging companies navigate stringent environmental regulations and strive to design recyclable and eco-friendly solutions, there is an increasing reliance on innovative coatings. Bioplastics have emerged as vital components of sustainable packaging, offering robust protection, adherence to food safety standards, and compatibility with recycling and composting processes. Download PDF Brochure: This shift is aligned with the global movement towards reducing plastic usage and adopting low-carbon materials in packaging, which fuels the demand for these advanced solutions. Many enterprises are integrating bio-based and high-performance water-based coatings into their packaging strategies in response to regulatory pressures and evolving consumer preferences. The drive to minimize pollution and transition to safer products is encouraging the adoption of water-based industrial processes worldwide. Consequently, the water-based barrier coatings market is projected to experience steady and significant growth throughout the forecast period. Oil/grease barrier type segment accounted for second-largest market share in terms of value in 2024 Water-based barrier coatings with oil and grease resistance represent the second-largest segment of the market, primarily driven by demand in the food packaging sector, particularly for fast food, baked goods, and ready-to-eat meals. These coatings effectively prevent oils and fats from permeating packaging materials, ensuring the integrity and cleanliness of the packages and preserving the products' aesthetic quality. In response to evolving consumer expectations and regulatory requirements for the safety and environmental sustainability of packaging for greasy or oily foods, manufacturers are increasingly adopting water-based coatings that safeguard the contents and comply with stringent standards. Furthermore, the growing demand for environmentally friendly and compostable packaging solutions has further accelerated the adoption of oil and grease-resistant water-based coatings across various markets. Other substrates segment accounted for second-largest market share in terms of value in 2024 Water-based barrier coatings used in bioplastics, flexible films, metal foils, and molded fiber products (known as other substrates) played the largest role in sustaining the second-highest group in the market. Because of this, these substrates are picked to make products that are more shock-resistant, less sensitive to heat, or require higher levels of chemical or waterproofness than simple paper or cardboard can deliver. Many pharmaceutical, electronic, and cosmetics companies are now using these alternative materials for their packaging needs. Because people need recyclable materials, the coating industry is creating technologies that can be used on different types of things besides paper. Because companies want their products to be more environmentally friendly and sustainability regulations are getting tougher, water-based barrier coatings are increasing, and firms keep a significant share of the market. North America was third-largest regional market for water-based barrier coatings in 2024 In 2024, North America ranked third in the water-based barrier coating market, a position significantly supported by its robust packaging industry and effective government policies. The increasing consumer demand for recyclable packaging is driving a notable shift in food service packaging, retail food products, and e-commerce shipments in the US and Canada, prompting a transition to water-based coatings. This trend is further reinforced by environmental protection initiatives, with numerous states and provinces implementing bans on single-use plastics. Water-based Barrier Coatings Companies ALTANA AG is a key player in specialty chemicals, offering additives, coatings, pigments, sealants, and instruments through its divisions BYK, ECKART, ELANTAS, and ACTEGA. In Feb 2025, ACTEGA partnered with Standridge Color Corp to launch water-based barrier-coated paperboard using ACTGreen Barrier Coatings. BASF SE, operating in 91 countries, serves diverse industries with its broad chemical portfolio. Its Surface Technologies unit focuses on eco-friendly coatings. In Aug 2024, BASF and Nippon Paint China launched sustainable industrial packaging. Globally, five major players hold 40–45% of the water-based barrier coatings market. ALTANA leads, followed by BASF, H.B. Fuller, Kuraray, and Michelman. The rest of the market includes regional manufacturers. Competition is driven by innovation, sustainability, and expanding applications. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Yahoo
19-02-2025
- Politics
- Yahoo
Department of Education directs schools to end diversity programs, threatens to pull funding
WASHINGTON () — The Department of Education (DoE) sent a last week directing federally-funded institutions no longer to consider race and diversity in admissions, hiring and scholarship decisions, among other things. The directive comes on the heels of other efforts by the Trump administration to eliminate federal funding for Diversity, Equity and Inclusion (DEI) programs and initiatives across the country. Educational institutions, including those related to pre-K, K-12 and higher education, that are not compliant with the DoE's directive risk losing federal support. 'For decades, schools have been operating on the pretext that selecting students for 'diversity' or similar euphemisms is not selecting them based on race. No longer. Students should be assessed according to merit, accomplishment, and character—not prejudged by the color of their skin,' Craig Trainor, acting assistant secretary for civil rights, wrote in a . Hundreds in DC rally against Trump, Musk efforts to downsize federal government The calls the United States' history of systemic and structural racism a 'false premise' and claims educational institutions have 'toxically indoctrinated students.' 'It will have a chilling effect on discussions of race, both in admissions materials and in the classroom,' Scott Michelman, Legal Director at the ACLU of the District of Columbia, said in an interview with . Going forward, the DoE said the overturning race-based affirmative action programs in college admissions would apply more broadly to elementary, middle and high schools. 'By allowing this principle to guide vigorous enforcement efforts, the Trump Education Department will ensure that America's educational institutions will again embrace merit, equality of opportunity, and academic and professional excellence,' the DoE stated. Federal law thus prohibits covered entities from using race in decisions pertaining to admissions, hiring, promotion, compensation, financial aid, scholarships, prizes, administrative support, discipline, housing, graduation ceremonies, and all other aspects of student, academic, and campus life. Put simply, educational institutions may neither separate or segregate students based on race, nor distribute benefits or burdens based on race. The Department of Education's 'Dear Colleague' letter Target latest company to roll back DEI programs Michelman said the letter suggests people shouldn't celebrate their diversity or teach about structural racism in the classroom. 'A diverse America … benefits everyone when we all have access to education,' he said. Not only does the order have implications for higher education institutions and universities in the region, but will also impact K-12 schools in D.C., Maryland and Virginia that receive federal funds. 'The DMV has a proudly diverse community,' Michelman stated, which makes the directive especially relevant to parents, teachers and students in the region. More than half (55%) of the students enrolled in the 117 public schools in D.C. during the 2023-2024 school year were Black according to . Twenty-two percent were Hispanic and 17% were white. Traditional public schools and public charter schools received 18% of funding from the federal government, according to the DCPS FY 2023 budget, as noted by the . Although a majority of DCPS' funding does not come from the federal government, losing federal financing would have potentially significant impacts. In Maryland, the federal government provides 3.4% of the money used to fund . Reaction: Trump's executive order on removing DEI policies and programs As of Tuesday afternoon, it was not clear how the DoE's letter would impact classrooms in local school districts or whether parents, students or staff had received any further instruction from the DoE. In a statement, a Fairfax County Public Schools spokesperson said the following: Fairfax County Public Schools is reviewing this school division remains committed to fostering a safe, supportive, welcoming and inclusive school environment for all students and staff and celebrating our diversity as a strength. Fairfax County Public Schools DC News Now reached out to multiple public school districts and divisions across the region but did not hear back in time for publication. Institutions were ordered to comply within 14 days of receiving the directive. The final date to do that would be Feb. 28. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
