Chemical Blog

 The global  polyamide resins market  is expected to generate revenue of around US$ 6.7 billion by 2032, compared to US$ 4.6 billion -dollars in 2022, with a CAGR of 3.5% over the forecast period (2022-2032). The replacement of polyamide resins with conventional resins and the increasing popularity of bio-based polyamide resins are playing a crucial role in drive demand for polyamide resins. Also, due to the increasing adoption of recycled polyamide resins, sales of polyamide resins increased sharply during the forecast period. Polyamide resins are a type of micro-molecular polycondesed compound, which prepared by the vegetable oil at the presence of unsaturated fatty acid dimer and polyamine. Polyamide resins have active groups, hydroxyl groups, and amide. Primarily, it acts as curing agent and plasticizer for epoxy resine due to having a wide range of properties...

 As per Future Market Insights ,  the global  ammonium carbonate market  is estimated to expand at a 5.2% CAGR over the forecast period, reaching US$ 688 Mn in 2022. With a favourable demand outlook, the market size will reach US$ 1.1 Bn by 2032. Ammonium carbonate is widely used in various as a leavening agent for baking goods. Manufacturers in the food sector are using food-grade ammonium carbonate since the demand for baked goods and crispy snacks with longer shelf-life is growing. The various benefits of food-grade ammonia above other chemical leavening ingredients for specific types of cookies are anticipated to fuel sales in the market. Also, when compared to alternative leavening agents, the usage of food-grade ammonium carbonate results in a crispness that lasts longer. Furthermore, because food-grade ammonium carbonate is not extremely reactive at room temperature, it has a good bench tolerance, making it ideal for cookie dough storage. As a result, bakers a...

 Future Market Insights (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global  feldspar market   size reached around US$ 1.3 Bn in 2018. Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which is widely used in making ceramic tiles. However, recycling of glass and ceramic, mining costs, and volatile logistics are some of the foremost restrains which are expected to hinder the growth of the feldspar market. An increase in the demand for real estate and revival of the U.S. economy exert the demand for feldspar on the ceramics industry, which will further expand North America’s feldspar market. Key Takeaways – Feldspar Market Study The global feldspar market is projected to grow at a CAGR of 5.5% over the forecast period (2019-2029). Europe’s feldspar market accounts for 59% ...

 Demand for  nitric acid market  is increasing, as it is a component of many fertilizers. 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 USD 29.3 billion in 2021. 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 automobi...

 The global persulfates market is predicted to be valued US$ 869.7 million in 2023, with a compound annual growth rate (CAGR) of 3.7% expected between 2023 and 2033. This is owing to rising persulfate usage in major end-use sectors such as plastics and electronics. Rising demand for persulfates in the electronics industry, as well as increased preference in the paper, pulp, and textile sectors, are expected to drive the market. Electronics, polymers, and other industrial manufacturing operations were inspired by the easing of restrictions in 2021. As a result, the persulfates market has expanded. Persulfates sales potential will be driven in the next years by the expansion of the electrical and electronics industries, as well as the enhanced efficiency of polymers. The US electronics market is the largest in the world in terms of size. It is expected to be the market leader over the forecast period due to the adoption of sophisticated technology, an increase in the number of R...

 The adoption of industrial gases is expected to increase at a CAGR of 16.1% during the forecast period. The industrial gases market size is anticipated to rise from US$ 116.47 Bn in 2023 to US$ 518.2 Bn by 2033. The market's growth is mostly the result of the rise of the manufacturing sector in growing economies. Furthermore, it is projected that the usage of industrial gases would expand in a number of industries, including healthcare, metal and mining, and the production of beverages and food, along with rising industrialization and urbanization. Additionally, a number of global non-profit organizations, including the European Industrial Gases Association, offer manufacturers professional guidance on the creation, transportation, storage, and use of industrial gases. The central and state governments have implemented a number of steps to enhance industrial penetration in their various regions, including tax relief, flexible rules, access to resources, and affordable land. Thro...

 Finds Future Market Insights (FMI) in a recent research study. As per the study, the  industrial oxygen market  is anticipated to witness a growth rate of 7.9% during the coming assessment period. Growth in the steel industry is expected to boost the demand for industrial oxygen, as commercial oxygen is used in the production of materials such as stainless steel. Growing demand for oxygen from various industries, including metal fabrication and welding, aerospace and automotive, chemical, metallurgy, construction and steel industries, and the healthcare sector are anticipated to boost the demand of industrial oxygen in the coming decade. Expansion of construction and automotive sectors is expected to indirectly boost the demand of industrial oxygen in the coming years. The growing aerospace industry is also expected to bolster the demand for commercial oxygen in the near future, as liquid oxygen is used as fuel. Moreover, the growing healthcare s...

 Neopentyl glycol (NPG) market is projected to expand at a 4.6% CAGR between 2022 and 2028, totaling a valuation of US$ 1.93 Bn by 2028. Global  neopentyl glycol (NPG) market  consumption was registered over 680 thousand tons in 2018, which is likely to witness a moderate 4.2% Y-o-Y increase in 2019. As per the findings of a new research study of Future Market Insights (FMI) ,  neopentyl glycol of technical grade currently accounts for over 95% share in the NPG market and will remain dominant over its pharma-grade counterpart through the course of coming years. Application in Paints & Coatings Accounts for over 60% of NPG Demand More than 3/5th of the total consumption of neopentyl glycol is registered by applications in paints and coatings industry, as indicated by the report. In recent years, the use of protective coatings in surface finishing and protection applications has been increasing at a considerable pace, which is in turn favor...

 FMI presents an in-depth analysis and key insights on the global colloidal metal particles market in its latest market study titled ‘ Colloidal Metal Particles Market :  Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’. The long-term outlook on the global colloidal metal particles market remains positive with the market valued at US$ 20.2 Bn by 2022 end and expected to reach US$ 32.3 Bn by 2028 end. The global colloidal metal particles market is estimated to expand at a growth rate of 8.1%, through the forecast period. Among the product type segments, the titanium oxide colloidal metal particles segment is expected to account for a large volume proportion of the market while the gold colloidal metal particles segment, given its high price, is expected to account for a noteworthy value proportion in the in the colloidal metal particles market during the forecast period. From a regional viewpoint, China is anticipated to hold a si...

 The report includes projections for volume (KT) and value (US$ Mn), industry trends, competition, market dynamics, and recent developments in the global  car wash detergents and soaps market  from 2018 to 2028. The global car wash detergents and soaps market is predicted to be worth US$ 7,394.7 million by the end of 2018, rising to US$ 12,210.8 million by the end of 2028, at a CAGR of 5.1% over the forecast period. Noteworthy increase in the fleet size and a consistently swelling vehicle park point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years. Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash deter...

  Ammonium thiosulfate market  has witnessed a considerable increase in demand from diverse end use industries such as agrochemicals, pharmaceuticals, water treatment, agriculture and mining sector among others. Owing to the growing demand for crop production across the globe, demand for nitrogen & phosphate based fertilizers is anticipated to increase in the coming years. Rising need for more nutrients in the soil, adoption of ammonium thiosulfate will increase. As ammonium thiosulfate fertilizers provides certain vital elements for the plant and crops growth, adoption within agriculture sector will increase, spurring sales. Moreover, decreasing land area worldwide due to growing urbanization and industrialization will also fuel demand for ammonium thiosulfate. The market for ammonium thiosulfate witnessed moderate growth during FQ-20, due to the sudden outbreak of Covid-19. Decrease in demand within the industrial sector resulted in slight decline of sales...

 Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for   sodium hydroxide market , finds by Future Market Insights (FMI) in a recent research study. According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn by the end of the assessment period in 2031. The growing demand for sodium hydroxide from various end-use sectors is encouraging market players to invest heavily in expanding their production capacities. East Asia is estimated to remain a key regional market owing to increasing applications, particularly driven by the demand for textile chemicals in textile industry. Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction. This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resu...

  The global   automotive wheel coatings market   is anticipated to reach a valuation of   US$ 1,001.4   Mn   by the end of 2032. Significant production volume of automotive all over the globe is leading to the high demand for automotive wheels. It is subsequently pushing the need for automotive wheel coatings to protect and optimize the performance of wheels. The global automotive wheel coatings market is expected to grow at a moderate pace during the forecast period, with a CAGR of  3.1%  owing to consistent demand from OEM wheel manufacturers. Prominent players are investing huge sums in Latin America and South Asia to sign contracts with automotive OEMs for the supply of wheel coatings materials. This is expected to drive the market in the next ten years. Also, due to changing climatic conditions and region-wise weather conditions, wheel coating suppliers deliberately invest in research & development (R&D) activities to develop superio...

 The global expanded polypropylene (EPP) foam market is projected to reach a value of  US$ 4,962.51 Mn  in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated  US$ 1,685.9 Mn  in 2022, the  expanded polypropylene (EPP) foam market  is driven by heightened demand from sectors like consumer goods, packaging, and furniture. The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth. Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same indu...

 The  sulfone polymer market  is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030. According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030. Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics. Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential. Key Companies Profiled: BASF SE Mitsubishi Chem...

 The global  coating additives market   is expected to register a robust CAGR of about 4.8% between 2022 and 2032. The market was evaluated at around US$ 10,613.3 Mn in 2021 and is predicted to reach US$ 17,724.8 Mn by 2032. According to the historical period, the global coatings market registered a healthy CAGR of 4.0% between 2016 and 2021. This growth is attributed to surging demand from a wide range of industries. Being one of the most crucial ingredients, coating additives are made up of such crucial ingredients consisting of coating formulations that help in regulating its performance. These additives are utilized in a variety of products, including automotive coatings, furniture, and construction. The rising demand for coatings additives is attributed to its widespread usage in several end-use industries such as automotive, architecture, wood & furniture, and others are expected to drive the market. Considering this, the global coating ...

 As per a study by FMI, the global  electronics adhesives market  is anticipated to exhibit a CAGR of 8.6% during the forecast period 2021-2031 in the comparison CAGR of 7.5% registered between 2016 and 2020. The market for electronic adhesives is expected to surpass a valuation of  US$ 4.9 billion  by the year 2031. Polyurethane material accounts for nearly 50% of the global electronics adhesives market share. Driven by the characteristics such as a longer life cycle and thermal resistance, polyurethane is predicted to be the fastest-growing segment in terms of material, registering a CAGR of 8.5% over the course of the assessment period. Leading market players are launching innovations in electronic adhesives to cater to industry-specific applications. For instance, DELO launched a new pressure-sensitive electronic adhesives to address the increasing demand for applications in smartphone speaker surfaces and display frames for low fill factor. The introduction...

 The global  polymer concrete market  is worth  US$ 465 Mn  as of now and slated to reach  US$ 979.2 Mn  by the year 2032 at a CAGR of 7.7% between 2022 and 2032. Polymer concrete comes across as a composite material using thermoplastic polymers with epoxy binder for hardening materials in construction vertical. The vital ingredients include gravel, water, and sand, which render it conducive to repair any of the concrete structures. Polymer concrete overpowers its counterparts with respect to impact strength. The prime end-users comprise industrial, municipal & residential, and commercial sectors. An ever-increasing demand for polymer concrete in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is expected to take the polymer concrete market by storm going forward. This could be attributed to its ability of forming complex shapes, fast curing properties. Polymer concrete finds its usage in an aplomb...

 Industrial & equipment is predicted to stay the important thing end-use segment, accounting for over one-fourth of the complete proportion within the international market at some point of the forecast length. Future Market Insights gives key insights on the worldwide  fluoropolymer films market  in its modern-day report titled ‘Fluoropolymer films marketplace: worldwide enterprise analysis and possibility assessment, 2032.’ The long-term outlook on the worldwide fluoropolymer films marketplace is predicted to be powerful, with the marketplace price anticipated to increase at a CAGR of 6.4% at some point of the forecast duration (2022–2032). International income of fluoropolymer films changed into pegged at US$ 1,398.0 Mn on the end of 2016 while APEJ accounted for a fee percent of 30.1% within the worldwide fluoropolymer films marketplace on the end of the same three hundred and sixty five days. The APEJ market is expected to preserve its dominance at some point of t...

  Construction Aggregates Market  valuation will top US$ 664.6 Bn, and it is expected to exhibit a healthy 6.8% CAGR between 2021 and 2031. As per a Future Market Insights (FMI) study, the increasing use of recycled construction aggregates, coupled with an investment towards infrastructural expansion in the Asia Pacific, Europe, and North America are shaping the construction aggregates demand outlook. FMI has projected the demand to surge at an impressive 6.8% CAGR between 2021 and 2031 backed by the recovery of construction activities, especially in emerging economies. Increasing investments by the governments to support the development of residential and commercial projects will fuel market growth. Competitive Landscape Heidelberg Cement AG, Martin Marietta Materials Inc, LSR Group, LafargeHolcim Ltd., Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc, Adelaide Brighton Ltd., Eurocement Group, ROGERS GROUP INC.  are some of the key companies profiled in the full ve...

 The global  sludge treatment chemicals market  is projected to create an absolute dollar opportunity by exhibiting a steady CAGR of 4.6% throughout the forecast period from 2022 and 2032. The market is anticipated to be valued at around  US$ 9,220.5 Mn  in 2022 and is further projected to reach  US$ 14,456.8 Mn  by 2032. According to the estimations of Future Market Insights (FMI), the overall sales in the sludge treatment chemicals market increased at around 5.0% year-over-year growth between 2015 and 2021. The widespread application of sludge treatment chemicals in industrial and municipal sectors is predicted to grow sales in the market. Demand for waste treatment chemicals is anticipated to witness growth at a healthy CAGR of 4.6% across the projection period. The rising adoption of industrial sludge chemicals is one of the primary factors boosting sales in the market. Approximately 40% of the sludge produced globally comes from industrial sludge...

 The worldwide  sputter coatings market  is anticipated to reach sixteen,106.0 metric tonnes through 2026 cease, up from 10,435.Zero metric tonnes in 2016, in phrases of volume. In this report, future market Insights analyses the factors and traits impacting the growth and performance of the global sputter coatings market. The worldwide sputter coatings market is expected to growth with a moderate boom price of 4.0% to attain a valuation of us$ 4,803.3 Mn by using the end of 2016. Future market Insights promises key insights on the sputter coatings market in a new guide titled “Sputter Coatings market: worldwide enterprise evaluation and possibility assessment, 2016 – 2026”. In line with future market Insights analysts, call for for flat panel displays in the manufacturing of smartphones, LED and OLED televisions, and other digital additives is anticipated to witness a steady growth throughout forecast duration. This in flip is expected to pressure increase within the in...

 The global  engineering plastics market  is projected to check in a wholesome CAGR of 7.2% in terms of cost and five.7% in phrases of extent all through the forecast duration. Future marketplace Insights offers key insights on the global engineering plastics marketplace in an upcoming studies booklet titled, “Engineering Plastics marketplace: global enterprise analysis and opportunity evaluation, 2016 – 2026”. Destiny marketplace Insights analyses the marketplace overall performance and affords records on the important thing elements and tendencies impacting marketplace growth over the forecast period 2016–2026. Vendor Highlights The report also profiles leading players dominating the global engineering plastics market. Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro, DSM N.V, DuPont, Lanxess, LG Chem, Mitsubishi Engineering-Plastics Corporation, Saudi Basic Industries Corporation (SABIC), Solvay SA, Teijin Limited, Toray Industries, and V...

 The  magnesium oxide market  is gaining momentum again as the key application sectors are getting back to the track after getting over the shockwaves due to the COVID-19 pandemic earlier in 2020. While the rise in demand for dead burned magnesia and caustic calcined magnesia fuelled the sales over the past decade, requirement in industrial, refractories, and other sectors is further spearheading the growth of magnesium oxide industry. The latest revised edition of the report on ‘magnesium oxide’ market study by Future Market Insights (FMI) offers an in-depth analysis of the global industry trends, growth & restraining factors, and demand-supply trajectories during the forecast period of 2021 to 2031. As per the report, the industrial sector will majorly account for the industry growth while North America, Europe, Latin America, and Asia Pacific will remain the leading region. How is the Demand from Industrial Sectors Boosting the Sales of Magnesium Oxide? Magnesium o...