economy – Market Industry Forecast News

Latin America Factoring Services Market Witnesses Surge in Non-Recourse Factoring Use

The Latin America factoring services market was valued at USD 145.47 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. This growth is primarily driven by the increasing demand for alternative financing solutions among Micro, Small, and Medium-sized Enterprises (MSMEs), alongside advancements in blockchain technology and cryptocurrency.

The COVID-19 pandemic posed major challenges to the global economy, disrupting supply chains and impacting financial markets and businesses. In response, governments provided fiscal support to protect companies, while many nations sought innovative funding mechanisms to aid SMEs.

These supportive financing initiatives for SMEs are expected to yield positive results, fueling market growth in the coming years. More businesses are turning to factoring services over traditional asset-based loans, contributing to market expansion. Factoring offers several advantages over loans, such as faster approval times, lower interest rates, immediate cash access, and no collateral requirements. Leading market players are implementing strategies like partnering with regional firms to strengthen their presence, further boosting industry growth. For example, in June 2022, JPMorgan Chase & Co. partnered with OmniLatam (a Latin American fintech acquired by KLYM) to finance SMEs that supply large corporations across the region.

Category Insights

In 2022, the domestic factoring segment dominated the market, accounting for 90.6% of the total share. This growth is attributed to the rapid adoption of factoring receivables in key industries due to their efficiency. The rising adoption of electronic invoicing has further consolidated the domestic factoring market. Domestic factoring also enables businesses to receive regular analyses of their sales and payable invoices. This category includes various types such as full factoring, maturity factoring, advance factoring, undisclosed factoring, and invoice discounting. Many companies prioritize factoring services to meet the strong domestic demand for goods and services.

Type Insights

The non-recourse factoring segment held the largest market share of 57.7% in 2022 and is expected to continue expanding at the fastest CAGR through 2030. Non-recourse factoring is ideal for businesses with large customer bases that want to clear their balance sheets by removing accounts receivable. It is particularly popular among trucking companies seeking financial security to ensure payment for shipments. For instance, eCapital, a financial services firm that accelerates SMEs’ access to capital, offers fleet fuel cards for trucking businesses. These cards provide discounted fuel prices, real-time transaction monitoring, fuel tax reporting, and purchase controls, helping businesses manage expenses effectively.

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Financial Institution Insights

The banks segment captured the largest market share at 78.1% in 2022. This dominance is linked to the growing use of blockchain platforms, the surge in digital payment systems, and rising investments in distributed ledger technology. Banks play a critical role in trade finance by helping businesses convert receivables into cash, alleviating cash flow and working capital challenges using blockchain solutions. Additionally, blockchain’s application in cross-border transactions, clearing and settlement, digital identity verification, and credit reporting is expected to drive its adoption across both public and private banks.

End-use Insights

The manufacturing sector led the market in 2022, contributing 31.5% of total revenue. Manufacturers use factoring services to convert their receivables into immediate cash for operating expenses. Instead of opting for high-interest loans, manufacturers prefer invoice factoring for quick cash access without lengthy documentation. Companies facing urgent cash needs or those unable to secure traditional or series funding turn to factoring to maintain operating capital and improve cash flow for streamlined production. Meanwhile, the healthcare sector is forecast to record the fastest growth during the projection period.

Country Insights

Brazil accounted for the largest market share at 31.8% in 2022. The Brazilian government’s regulatory focus on digitalization is facilitating the shift from traditional to digital factoring services. For example, in February 2021, Brazil implemented new regulations for NF-e invoices, including a provision that factoring-related invoices can no longer be canceled. These government efforts are expected to support the country’s market growth over the forecast period.

Peru is poised to witness the fastest CAGR during the forecast period. The country has been proactive in advancing factoring services, notably by digitalizing electronic invoice factoring in January 2022. Peru’s tax authority, SUNAT, passed Decreto de Urgencia N° 013-2020, enabling linking of invoices to factoring transactions. This initiative allows businesses to access cash to maintain operations, promote SME growth, and foster formal employment—factors contributing to the anticipated market expansion.

Key Market Players

Prominent companies operating in the Latin America factoring services market include:

Accion International
Barclays Plc
BNP Paribas
BTG Pactual
Deutsche Factoring Bank
FINAMCO
Hitachi Capital (UK) PLC
HSBC Group
Mizuho Financial Group, Inc.
SMB
TRADEWIND GmbH

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U.S. Steel Rebar Market Benefits from Advancements in Reinforcement Technology

The U.S. steel rebar market was valued at USD 6.50 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2030. This growth is primarily driven by increased investments in residential development projects across the U.S.

The rising demand for affordable housing has prompted state and local governments to allocate more funds for affordable housing initiatives. For example, in October 2024, the U.S. Department of the Treasury announced USD 246.4 million in funding for the development of affordable housing and community infrastructure aimed at low-income communities and families.

Pricing Trends
Steel rebar prices in the U.S. have experienced notable fluctuations in recent years, influenced by supply chain disruptions, raw material prices, and global demand. In 2021, prices soared to approximately USD 1,000 per ton due to pandemic-related shortages and an uptick in construction activity, a significant jump from the pre-pandemic price of around USD 600 per ton. By mid-2023, prices began to stabilize at around USD 800 per ton, though still above historical norms. The volatility in scrap metal prices, a critical input for rebar, continues to affect market pricing.

Application Insights
The growth of public construction is expected to further drive market expansion during the forecast period. For instance, the value of public construction in the U.S. reached USD 489,772 million in August 2024, up from USD 454,126 million in August 2023, marking a year-on-year increase of 7.8%.

The infrastructure segment is anticipated to witness the fastest revenue growth, with a projected CAGR of 5.6% over the forecast period. Increasing investments by state governments in infrastructure development are expected to propel steel rebar consumption.

The Infrastructure Investment and Jobs Act (IIJA) is also contributing to higher rebar demand, with $110 billion allocated for roads and bridges. Projects such as the Interstate Bridge Replacement and the repair of aging highways are driving the need for steel rebar. Furthermore, new innovations in high-strength and corrosion-resistant rebar are being used in coastal and high-moisture areas, where traditional materials would deteriorate faster, extending the lifespan of infrastructure.

The industrial segment is another important application for steel rebar, particularly in the construction of industrial facilities like processing plants, mining structures, factories, and warehouses. Increased investment in new industrial facilities is expected to boost demand for rebar in the coming years.

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Regional Insights
Northeast U.S. Steel Rebar Market Trends
In the Northeast U.S., the demand for steel rebar is primarily driven by urban infrastructure needs, especially in high-density areas such as New York City and Boston. Ongoing investments in bridge repairs and subway expansions have made this region responsible for approximately 17.7% of the nation’s rebar consumption by volume in 2024. The demand for corrosion-resistant rebar is especially high due to the coastal environment, which accelerates wear in traditional steel applications.

Key U.S. Steel Rebar Company Insights
Prominent companies operating in the U.S. steel rebar market include CMC Steel, Nucor, and Steel Dynamics, Inc.

Commercial Metals Company (CMC) is a leading manufacturer and recycler of steel and metal products, headquartered in Irving, Texas. It operates a network of mini-mills, fabrication facilities, and recycling centers across the U.S. and Europe, specializing in rebar, steel wire, and other long steel products.
Steel Dynamics, Inc. (SDI) is one of the largest steel manufacturers and metal recyclers in the U.S., with operations in flat-rolled steel, structural steel, and rebar production. SDI is known for its innovative steelmaking processes and integrating recycling into its operations.

Key U.S. Steel Rebar Companies:

Acerinox S.A
ArcelorMittal
CMC Steel
EVRAZ U.S., Inc.
Gerdau S.A
Liberty Steel USA
Nucor
Outokumpu
Schnitzer Steel Industries, Inc.
Steel Dynamics, Inc.

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Disposable Gloves Market Fueled by Rising Demand in Pharmaceuticals and Laboratories

The global disposable gloves market was valued at USD 12.71 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2030. Growth in the global disposable gloves industry is anticipated due to multiple factors, including supportive occupational safety regulations, heightened focus on workplace safety, and increased healthcare spending. Developing economies are projected to see significant growth in their healthcare sectors, driven by rising investments in both public and private domains, growing populations, an influx of migrants, and an expanding elderly demographic. Additionally, increased healthcare expenditure is expected to propel the growth of the healthcare industry, consequently boosting the demand for disposable gloves.

Market growth is further supported by the presence of advanced healthcare infrastructure, greater disposable income among patients, and a notable elderly population. Industries such as healthcare, medical, and mining expose workers to hazardous chemicals, which can lead to skin conditions, rashes, cuts, amputations, and contact with bloodborne pathogens. The enforcement of stringent safety regulations is likely to play a key role in expanding market demand.

There is a rising emphasis on the quality of raw materials used in disposable gloves, focusing on attributes such as heat resistance, comfort, elasticity, and lightweight design. This awareness is expected to drive innovation and research efforts among key market players, aiming to improve glove performance and broaden their applications through enhanced product design.

Regional Overview
North America led the global disposable gloves market, accounting for 36.7% of the global share in 2024. This dominance is attributed to increasing hygiene awareness, particularly in healthcare environments in the wake of the COVID-19 pandemic. Additionally, growing demand from the food and manufacturing sectors, coupled with government-mandated personal protective equipment (PPE) requirements, has supported regional market expansion. The preference for high-quality nitrile gloves—known for their strength and chemical resistance—continues to grow in North America. Manufacturers are also ramping up local production to mitigate supply chain disruptions.

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Leading Companies in the Disposable Gloves Industry
Prominent players in the disposable gloves market include Top Glove Corporation Bhd, Hartalega Holdings Berhad, Ansell Ltd, and Kossan Rubber Industries Bhd.

Top Glove is a global leader in rubber glove manufacturing, offering latex, nitrile, and vinyl gloves across healthcare, food, and industrial sectors.
Hartalega focuses on nitrile glove production and is known for its commitment to innovation and advanced technology, serving both healthcare and laboratory environments.
Supermax Corporation Berhad, Kossan Rubber Industries Bhd, and Kimberly-Clark Corporation are also notable participants in the evolving market.
- Kossan Rubber Industries, based in Malaysia, manufactures a range of rubber products, including gloves for medical and non-medical use, emphasizing quality and innovation.
- Kimberly-Clark, a multinational company based in the U.S., offers a variety of disposable gloves under its healthcare and industrial brands.

Key Disposable Gloves Companies:
These leading companies shape the direction of the market and hold significant market shares:

Ansell Ltd
Top Glove Corporation Bhd
Hartalega Holdings Berhad
Supermax Corporation Berhad
Kossan Rubber Industries Bhd
Ammex Corporation
Kimberly-Clark Corporation
Sempermed USA, Inc
MCR Safety

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Thermal Paper Market Landscape: Key Segments and Regional Insights Analyzed

The global thermal paper market size is expected to reach USD 5.56 billion by 2030, registering a CAGR of 4.3% over the forecast years, as per a new report by Grand View Research Inc. This growth is attributed to the rising usage of POS terminals for monetary transactions in applications such as warehouses, supermarkets, and retail outlets. Thermal papers are majorly used in printing receipts at POS terminals and in the production of tags used by industries such as pharmaceuticals and food and beverages to package and label their end-use products. Thermal papers are preferred over other modes of printing due to the lower cost of production, and maintenance of the printing set-up due to the lack of use of ribbons and ink in the printing process.

Access the Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Tags & Label, Lottery & Gaming), By Region (Asia Pacific, North America, Middle East & Africa, Europe), And Segment Forecasts, 2024 – 2030

The increasing use of retail outlets and supermarkets in developing economies such as China, Brazil, and India are expected to augment the growth of the market during the forecast period. The rising demand for specialty paper in packaging by e-commerce and logistics market players is also expected to help in the market growth. However, rising digitalization and increasing substitute products are expected to restrict the market growth. Growing demand for food & beverage, FMCG, and electronics goods in the Middle East and African countries considering population growth and urbanization in major markets of Saudi Arabia, UAE, and Qatar is expected to increase the use of POS terminals, tags, and labels. In addition, favorable support for promoting investments at the domestic level is expected to have a positive impact on the market growth in the region.

The market is anticipated to witness strong competition during the forecast period on account of the growing demand for thermal paper from the end-use industries such as ATMs, e-commerce industries, retail, and others. Public and private companies operating in the market are increasingly investing in the development of new products and new manufacturing technologies to optimize the production process. They are also focusing on expanding their production facilities to maintain their supply chain for thermal paper. Major players in the industry have established production units in different regions to cater to specific geographical locations. They also use other distribution channels in local regions such as agreements with roll-converters to ensure continuous product supply. Manufacturers also engage in direct supply to end-users such as POS and label manufacturers.

Thermal Paper Market Report Highlights

POS application segment dominated the market with a market share of 64.2% in terms of revenue in 2023 due to expansions in retail outlets in emerging economies in the Asia Pacific region.

The tags and labels application segment is expected to show significant growth during the forecast period due to the rising e-commerce sector which has led to a rise in the use of thermal papers for labels and packaging.

The Asia Pacific dominated the market with a market share of about 34.7% in terms of volume due to the increased investment in the region in manufacturing industries leading to a rise in demand for thermal paper.

Central and South America are expected to show significant growth during the forecast period due to the rising manufacturing and industrial activities in the region leading to a rise in the use of thermal paper in labeling.

The market is expected to show slow growth due to the increase in digitalization and reduced use of printing across end-uses such as monetary transactions. The presence of internal substitutes is also expected to hamper market growth.

The market consists of limited players who control most of the global market. Strategies followed by key players include vertical integration, localized production units, and product innovation to gain a competitive edge in the market.

Order your free sample copy of “Thermal Paper Market Report 2024 – 2030, published by Grand View Research

Key Thermal Paper Companies:

Oji Holdings Corporation
Appvion Inc
Koehler Group
Mitsubishi Paper Mills Limited
Hansol Paper Co. Ltd.
Gold Huasheng Paper Co. Ltd.
Henan Province JiangHe Paper Co. Ltd.
Thermal Solutions International Inc.
Iconex LLC
Twin Rivers Paper Company
Rotolificio Bergamasco Srl
Jujo Thermal Limited

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

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