Chemical Blog

 The global  lubricants market  is set to witness an impressive growth rate of 4.5% over the forecasted years of 2022 to 2032. The lubricants market size is anticipated to reach a valuation of around US$ 248 Billion by the end of year 2032 from the current valuation of US$ 160.2 Billion in 2022. Asia Pacific countries dominate the global lubricants market and it is also poised to retain the top position during the projected years as well. Major lubricant market players are also moving their manufacturing facilities to Asia Pacific as a result of the region’s availability of cheap labour, rising demand, and supportive governmental regulations. Several of machine lubricants incorporate additive technology to give prevent ring belts, gear boxes, and crankcases from wear and tear. These are also employed in slow-speed cylinders because they enhance the performance. Discovery of such advantages is anticipated to augment the lubricants market opportunities ...

 The global  activated alumina market  is estimated to secure a bearish CAGR of 5.8% during the forecast period and attain a value of US$ 642.8 Million by 2032. The current valuation of the market stands at US$ 1129.6 Million in 2022. Activated Alumina  is a dry, granular chemical substance produced by de-hydroxylation i.e., the removal of hydroxyl group ion from aluminum hydroxide. The substance is a form of common alumina and its high porosity has led to its frequent usage in filtration and adsorption purposes. Adsorption is a chemical process where substances adhere to the surface of other substances but do not get absorbed into it. Activated alumina is used as a desiccant (adsorbent), catalyst and support for the catalyst. The substance is primarily for the filtration of water to remove harmful fluorides and arsenic particulates from it. It is also used to recover sulfur from industrial process usually in petrol refineries and steel plants. Activated alumina is a...

 The global Building Thermal Insulation market Size is expected to secure $29,034 million in the Year 2022 During the forecast period of 2022 to 2032, the market is anticipated to register a CAGR of 4.3%. Increasing commercial and residential applications to reduce overall energy costs, along with the increasing Awareness of energy saving is expected to benefit the market. From 2032, the Market will be valued at $44,233.7 Million. The global  Building Thermal Insulation market is seeing increasing adoption of a variety of thermal insulation materials such as mineral wool, fiberglass and plastic foams. Continuous innovation in foam insulation materials is expected to become a popular trend in the building thermal insulation market. In addition, the increasing adoption of thermal insulation materials for buildings in the resident...

 The global  Cold Insulation Market demand  is estimated at $6,835.6 million 2022, forecast annual growth of 8.1% valued at 14,894.8 million USD by 2022 until 2032 . The growth is attributed to increased demand in the oil and gas industry. Between 2016 and 2021, the thermal insulation market experienced a CAGR of 5.6%. A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as  cold insulation . With the increasing growth of industrialization, especially in the HVAC sector as well as refrigeration sector, the demand for various types of cold insulation materials is increasing. Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the sp...

  Boric acid  also known as hydrogen borate, orthoboracic acid, and boracic acid is odorless, white, weak monobasic acid.  It has a crystalline structure usually available as a water-soluble powder form. The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy due to rapidly growing population in the region, especially in China and India. Global Boric Acid Market Dynamics: The growth of the global boric acid market is driven by growing demand for boric acid in energy saving appliances such as insulation of residential and commercial buildings. Macroeconomic factors such as rising per capita income and employment rate as well as the rapid rate of industrialization driving the global boric acid market. Growing demand for fiberglass, growing energy needs, rising awareness of ener...

 A  cryogenic pump  is a vacuum pump which captures gases by condensing them on a cooled surface which is at a very low temperature of about 120 K. However, the efficiency of the pump is largely dependent upon the boiling and freezing temperature of the gases involved. These pumps finds wide application in the handling, transportation and transfer of cryogenic fluids such as hydrogen, oxygen, nitrogen, argon and liquefied hydrocarbons. As the demand for liquid gases increases across various industries, usage of cryogenic pumps becomes inevitable. The global demand for cryogenic pumps is anticipated to expand with a decent CAGR throughout the forecast period. Global Cryogenic Pump Market: Region Wise Outlook The global Cryogenic Pump market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region is projected to be the largest mar...

  Dimethylformamide (DMF) , a derivative of formamide and an amide of formic acid, is a colourless organic liquid with a high boiling point. It is available in various derivative forms, including N,N-Dimethylformamide dimethyl acetal, N,N-Dimethylformamide dietyl acetal, and N,N-dimethylformamide.   It is widely used in carrying out chemical reactions owing to its miscibility with various compounds and water. In its pure form, dimethylformamide market size is odourless; however, impure or degraded dimethylformamide has a fishy odour because of its impurities. Dimethylformamide finds its applications in the production of films, surface coatings, and fibres. It is also widely used as an industrial solvent.    Although dimethylformamide is widely used across a wide range of end-use industries, concerns about its potential health impact remain a key challenges to its widespread adoption. Prolonged exposure to dimethylformamide has been associated with liver damage in b...

  Dimethyl Disulphide (DMDS)  is an organic chemical compound with CH3SSCH3 molecular formula and (Methyldisulfanyl) methane IUPAC name. A pale yellow liquid, it is the simplest disulphide compound. DMDS is a flammable liquid and has an unpleasant odour. The natural source of DMDS is Helicodiceros muscivorus, also known as dead-horse arum plant. Chlorination and oxidation are the important chemical reactions of DMDS.    DMDS is rich in sulphur content and gives higher sulphur per pound of reagent as compared to dimethyl sulphide. DMDS is widely used for the wear processes in sliding systems, and as hydrotreating and hydrocracking catalyst. It is also used as a food additive in different food flavours. Other uses of DMDS are as soil fumigants in agriculture, and as an alternative for methyl bromide in chemical industries.   It is also a major ingredient in the production of various pesticides. In the petrochemicals industry, DMDS is used for the protection of ste...

 The global  Automotive Oil Market  is expected to reach a valuation of US$68,279.6 million by the end of 2032. The market seems to be directly affected. Expansion of the automotive industry Car oil is the most widely used lubricant in vehicles. They ensure that vehicles run smoothly and that is why car oils and lubricants are indispensable components of the automotive industry. The market will benefit from the increasing  demand for automotive oils due to the increasing need for vehicles around the world. Engine lubricating materials such as automotive oils help improve a vehicle’s performance. Its main functions are to reduce friction and remove dirt from engines. It also keeps the engine cool to ensure optimal operation. The automotive oil market is evolvin...

 The  High Performance Fibers market  is expected to be worth US$12.91 billion in 2022 and US$29.19 billion in 2032, with a CAGR of 8.5 % from 2022 to 2032. The growth of global market share for high-performance fibers was supported by a strong electronic equipment manufacturing sector. The use of high-performance fibers in the manufacture of reliable and efficient semiconductors is a key element driving sales of high-performance fibers. Another factor driving the demand for high-performance fibers is the use of carbon, Aramid and glass in manufacture. As a result, the global high-performance fibers market is expected to witness significant growth during the forecast period. Due to its numerous essential properties of, such as chemical resistance to most organic solvents, high abrasion resistan...

  The  self-healing materials market  size estimated at USD 1.61 billion in 2022 is anticipated to grow at a CAGR of 25.5% from 2022 to 2032. Materials that are capable of self-healing are stimulated by changes in pH, UV light, and other environmental factors, as well as by physical harm like a microcrack influencing the self-healing material adoption trends. The pandemic has caused a decline in the self-healing material market key trends and opportunities. Due to the temporary shutdown, this had an effect on the operations of many important end-use industries, including the automotive, building, and construction sectors, self-healing material market. The demand for self-healing materials and self-healing material market future trends has suffered as a result. Due to the presence of multinational corporations working constantly on R&D projects to find cutting-edge technologies, the self-healing material market opportunities is encouraged in the United States. KEY TAKE...

  The global  dimethyl carbonate market  is projected to expand at a  5.8% CAGR  over the assessment period, reaching  US$ 954.1 Mn  by 2032. Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate. Dimethyl carbonate is one of the key organic solvents and a chemical intermediate used in downstream applications. In addition to the conventional applications of dimethyl carbonate such as polycarbonate production, adhesives, sealants, coatings, etc. lithium battery electrolyte segment is gaining traction in the market. The battery electrolyte segment is expected to witness a significant growth owing to increasing applications. Industrial grade methyl carbonate is relatively a less pure grade of DMC and is mainly used in traditional downstream applications and for the manufacturing of polycarbonates, whereas battery grades are comparatively of high purity ...

 The global   nitric acid market  is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021. Demand for nitric acid is increasing, as it is a component of many fertilizers. Fertilizers are used to boost agricultural output in order to meet the rising food demand from the growing population. Nitric acid demand from fertilizer producers is expected to increase, as is fertilizer usage in agrarian economies around the world. The existence of international firms, which are constantly coming out with new products to gain a larger nitric acid market share, makes the global nitric acid market extremely competitive. The government’s environmental regulations and efforts to reduce industrial waste are what are preventing the nitric acid market from expanding. The market was constrained by these nitric acid market trends, due to rising concerns over CO2 emissions from automobiles. However, i...

A new market research study by Future Market Insights (FMI) on the global  geosynthetics market   contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029. The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029. As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe. APEJ’s Market Attractiveness Intact, Says FMI’s Report...