Chemical Blog

 The Global  Wastewater Treatment Chemicals Market  is currently valued at US$ 32.4 Billion and is anticipated to expand at a CAGR of 3.6% to reach US$ 46.15 Billion by 2032-end. Rising focus on wastewater treatment to limit environmental degradation to drive market growth. The demand for wastewater treatment chemicals is majorly concentrated in municipal and industrial end-use due to the several uses of wastewater treatment chemicals in petrochemical, oil & gas, mining & metals, food & beverage, pharmaceuticals, semiconductors, thermoelectric power plants, and other industries for treatment of water for various purposes including manufacturing operations, cooling & heating systems, consumption, and many more. Stringent rules imposed by the government on industries for the treatment of water and rising demand for a continuous supply of fresh and treated water due to population growth are anticipated to drive the dema...

 The global  cryogenic pump market  is projected to reach a valuation of US$ 1,979.6 Mn in 2032, with sales growing at a healthy CAGR of 6.7% over the forecast period of 2022 to 2032. Rising from an average growth rate of 4.6% from 2016 to 2021, the cryogenic pump market is likely to reach an estimated US$ 1,035 Mn by the end of 2022. Elevated emphasis on solar power generation and focus on the development of solar PV manufacturing have resulted in the market expansion of cryogenic pumps over the forecast period. A vacuum pump that captures gases via condensation on a much cooled surface at a very low temperature of around 120K is categorized as a cryogenic pump. These pumps are used on a large scale for the transportation, handling, and transfer of cryogenic fluids and liquefied hydrocarbons.  The market for cryogenic pumps looks at multiple lucrative opportunities as there is a notable swell in the demand for the product from various end-use industry verticals such...

 As per the report published by FMI, the global  stainless steel market  is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 119.80 billion in 2022. The market value of stainless steel is anticipated to reach a high of US$ 183.86 billion by the year 2032. The stainless steel market is gaining rapid traction due to the flourishing demand for stainless steel in the manufacturing of kitchen products such as showpieces, cookware, and stoves owing to its benefits that include high ductility & toughness, resistance to corrosion, and low maintenance required that in turn fuel the market growth in the different industries. According to the findings of Future Market Insights stainless steel seeks significant demand from the automotive industry again influences the market growth positively. Increasing automobile production in the regions such as the Middle East, the Asia Pacific, and Latin America has promine...

 Application of adhesives as viable substitutes for flanges, panels, and other fastener settings support growth in the long-term. Expanding at a CAGR of  4.5%  the global  sales of Industrial Adhesives  is expected to increase from a valuation of  US$ 52,862.0 Mn  in 2021 to  US$ 78 Bn  by the end of 2030. The report by Future Market Insights gives in-depth insights on the sector in terms of revenue and sales projections for the duration between 2022 and 2030. Manufacturing and industrial facilities from numerous verticals require specialized adhesives for production and product quality. As a result, the demand for industrial adhesives has risen steadily in years past. However, the coronavirus pandemic has had a substantial impact on industrial activity on a global scale, generating a slight decline in demand during 2020. A key factor driving global demand for industrial adhesive products is the growing scope of applications in...

 The  structural adhesives market  is expected to be worth  US$ 12.3 billion in 2023 , rising to  US$ 21.3 billion by 2033 . During the forecast period, structural adhesive sales are expected to grow at a significant  CAGR of 5.6% . The growing adoption of structural adhesives in the automotive sector for various end-use applications, as well as technological advancements in the production of adhesive products, is a major factor driving the growth of the global structural adhesives market. Furthermore, rising demand for structural adhesives in the construction sector for applications such as kitchen interiors, roofing, window panels, and wall coverings is propelling the global structural adhesives market forward. Rising government infrastructure and redevelopment projects, particularly in emerging economies, are expected to drive growth in the global structural adhesives market during the forecast period. The global market for structural adhesives is growin...

 During the forecast period 2023-2033, the  cooling water treatment chemicals market  is expected to grow at a value of  6% CAGR , according to Future Market Insights. By the year 2033, the global market for cooling water treatment chemicals is expected to rise up to a market valuation of  US$ 12,614 Million . Increasing demand from the power industry and the food and beverage industry is a major driving factor for the market. The food & beverages, oil & gas, power, and textile industries are among the major end users of cooling water treatment chemicals. Cooling water treatment chemicals are the chemical agents that help remove harmful bacteria from cooling systems. It is mainly used to protect the systems from corrosion, prevent and slow down the processes of scale formation and fouling, and control the growth of harmful bacteria. Cooling water treatment chemicals can contribute to the greater efficiency and safety of high-pressure boilers, turbines, a...

 The world  flue gas desulfurization systems market  is expected to bring in US$ 34,881.3 million by 2032 while expanding at a CAGR of 5.1%. The market is expected to be worth US$ 21,172.5 million in 2022. between 2016 and 2021, the market recorded a growth rate of 4.10%. Future technologies to reduce pollutant emissions will be crucial to meet the electricity demand and dependency reduce . on fossil fuels. In recent years, REA systems and services have experienced significant growth worldwide and this trend is expected to continue in the years to come. International awareness of environmental concerns has been increasing in recent years resulted in the stringent environmental regulations regarding sulfur dioxide (SO2) emission in the many countries. Flue Gas Desulfurization System (FGDS) is a set of technologies which works to remove sulfur dioxide (SO2) from exhausted gases fr...

 The global  plastic compounding market   is set to witness an impressive growth rate of 7.4% from 2022 to 2032. The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022. The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth. Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the us...

 The size of the  global road marking paints and coatings market  is anticipated to expand significantly from 2022 to 2032 at a CAGR of 3.5 percent. The market for road marking paints and coatings is expected to grow as people become more conscious of the need of driving safely. According to FMI, the market for paints and coatings for road markings would likely reach US$ 11.6 billion in 2032 and US$ 8.1 billion in 2022. Road marking paints & coatings are used for marking road area, speed breakers, dividers, parking areas, and turning signs amongst others. Road marking plays a crucial role in maintaining road safety and traffic control. This activity is enabled by the application of Road Marking Paints & Coatings by the road marking job companies. Road marking paints & coatings needs to be durable and strongly visible, therefore, abrasion resistant and strong weathering proof paints & and coatings are used for marking the road. Road marking paints are coati...

 The global  polyethylene terephthalate market  is anticipated to grow at a stable CAGR of 3.4% over the projection period from 2022 to 2032. The global market is predicted to forecasted to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032. Polyethylene Terephthalate popularly known as PET is a thermoplastic polymer resin produced due to the reaction of raw materials such as mono ethylene glycol (MEG) and purified terephthalic acid. This material is known to exhibit exceptional barrier properties towards moisture and water. Polyethylene Terephthalate finds applications across diverse industries such as automotive, food, and beverage packaging, and electronics, among others. Over the recent years, Reliance Industries have announced an opening in Dahej, Gujrat, for making polyester plastic. Furthermore, the company is also expected to commission a 650KTA polyethylene terephthalate (PE...

 The market for aluminium hydroxide is anticipated to grow at a CAGR of 5% from 2022 to 2032, reaching a valuation of US$ 2.8 billion.  Aluminum hydroxide market  sales totaled US$ 1.5 billion in 2022. Aluminum hydroxide is an inorganic basic compound which is amphoteric in nature. Aluminum hydroxide is found in nature in the form mineral gibbsite. Generally aluminum hydroxide is white colored powder in nature.  Aluminum hydroxide is also known under the name of hydrate of alumina or aluminum trihydrate. Aluminum hydroxide is one of the important component in aluminum ore i.e. bauxite. The freshly precipitated aluminum hydroxide is present in the form of gel. Aluminum hydroxide is an important part of the aluminum hydroxide market. Aluminum hydroxide is used as a flocculent in water purification process. Aluminum hydroxide is also finding its application as an adsorbent or desiccant in gas purification process. In pharmace...

 The global market for bonded abrasives is anticipated to grow at a consistent CAGR of roughly 5% between 2022 and 2032. An abrasive is a substance that, when applied to a surface, generates the surface polish and shape needed. Abrasives are often minerals that come in a variety of forms, sizes, and kinds. The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Bonded Abrasives marketstructure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries. The growing automobile industry is expected to boost the overall growth of the bonded abrasives market. Resin grinding wheels are widely used in giving ...

 Valued at US$ 1.7 Bn in 2021, the target market will likely reach an estimated US$ 2 Bn by the end of 2022. The global  antimony market  is predicted to reach a value of US$ 2.9 Bn by 2032, with sales growing at an average CAGR of 4% from 2022 to 2032. Application in flame retardants and lead acid batteries will fuel the growth of the antimony market during the forecast period. As a chemical element, antimony, can be both metallic and nonmetallic. While the metallic form is a bright silvery material that is brittle, the nonmetallic form of antimony is a grey powder. Antimony acts as a stable element that is inert to acids and alkalis in a dry environment and expands on cooling. It is an ineffective conductor of electricity and heat. Antimony, as an element, has thus gain widespread application since time immemorial and will likely continue to do so over the next few years which bodes well for the overall market growth. Extensive application in production of flame re...

 The net worth of the global  chlorinated polyethylene market share  is expected to reach US$ 1.3 Billion by the year 2032, increasing from US$ 620.2 Million in the year 2021. The global chlorinated polyethylene market is predicted to witness a moderate growth rate of 7.2% during the forecast years of 2022 to 2032. Chlorinated polyethylene or CPE is a material made by exchanging hydrogen atoms for chlorine atoms in high-density polyethylene or HDPE polymers generally available in white powder. Chlorinated polyethylene elastomer has improved durability and whiteness. It is suitable for a wide range of applications in plastics and rubbers, making it an excellent choice for different types of end products. The replacement of wood and steel with plastics in the construction of doors and windows is driving the demand for chlorinated polyethylene. The sales of chlorinated polyethylene have boomed as a result of the introduction of PVC plastic profiles for doors and wi...

 The global  immersion cooling market  is expected to reach  US$ 357.3 Mn  in 2022, growing at a CAGR of  21.7%  from 2022 to 2032, according to Future Market Insights analysis. The market for immersion cooling is seeing increased demand due to the usage of technologies like cryptocurrency mining, artificial intelligence, and high-performance computing, as well as shifting government policies around carbon emissions. For a variety of pieces of equipment, cooling fluids are employed as heat transfer fluids. Due to their higher resistance to electrical breakdown and improved high heat transfer efficiency, energy- and cost-efficient dielectric fluids are highly chosen in immersion cooling. A significant rise in data mining has been observed all over the globe, which is owing to growth in the commodities trade, cryptocurrency mining, and extensive data processing at servers. Servers with high power densities and extensive data processing has been expected ...

 The global  laminating adhesives market  is estimated to top US$ 4.33 Billion by the end of 2027 in comparison to the US$ 3.10 Billion registered in 2021. Shifting approach toward low volatile organic compounds (VOCs) & environmentally sustainable adhesives continue to drive global laminating adhesive market. Growth in disposable products is another factor enabling broader consumption of laminating adhesives in the packaging industry. In 2027, the laminating adhesives market is projected to reach US$ 4.33 Billion in 2027, expanding at a healthy 5.8% CAGR during the forecast period of 2022-2027. The laminating adhesives market is expected to experience significant growth, owing to growing industries – food, pharmaceutical, automotive and construction. Moreover, governments across the world are substantially investing in the healthcare sector, which is again expected to bolster the demand for laminating adhesives. Get a Sample Copy of the Report @ https://www.futuremar...

  The global amines market , valued at US$ 31.9 Bn in 2023, is expected to rise at a CAGR of 7.5% between 2023 and 2033. By 2033, the amines market is projected to generate US$ 65.8 billion.   Technical advancements in amine manufacturing have boosted its use in commercial and consumer applications, which is a major market driver. The use of amines in new industrial applications, such as water treatment, is anticipated to spread to other industrial sectors.   The chemical has many uses now as a result of ongoing research and development, which is another driver boosting the market. The market has excellent prospects for expansion as a result of the rising usage of new applications.   Key Takeaways   Aromatic amines in the product type segment of the amines market are to grow at a CAGR of 7.8% during the forecast period.   MDI segment of the amines market in the end use segment to expand at a CAGR of 7.4% from 2033 to 2033.   U.S. market for amines to g...

 Future Market Insights recently published a detailed report on global sales of and improvements in modern-day roofing materials, revealing that the global market value reached roughly 115 billion dollars in 2018. An exponential expansion in the number of residential and commercial structures, to accommodate an ever-increasing population, is primarily driving sales of  roofing materials . Manufacturers are increasingly focusing on materials with low environmental effect as the worldwide focus on sustainability of all aspects of an industry intensifies. Furthermore, increased awareness of the value of roof space and the potential of unique roofing materials for purposes other than keeping people warm and dry has influenced innovation tactics, according to the FMI report. Manufacturers Eyeing Lucrative Opportunities in Developing Markets In recent years, a number of population in urban cities of Asian pacific countries have been increasing on a significant pace, thereby potentia...

 The global paint additives market is projected to reach a value of  US$ 14,877.8 Mn  by 2032, with overall demand growing at a moderate CAGR of 4.6% from the forecast period of 2022 to 2032. Predicted to reach an estimated  US$ 9,489.0 Mn  in 2022, the  paint additives market  is spurred by escalating usage in diverse industry verticals such as automotive, architectural, wood & furniture, and others. Building and construction industry is one of the primary growth drivers for the paint additives market over the forecast period. Paint additives help enhance the performance, efficacy, and usefulness of paint while addressing flaws, and increasing functionality. These additives remove deficiencies in the coating, boost abrasion resistance, stem the growth of microbes, and bestow distinctive properties to the paint, which are not easily attained. The escalating demand for paints and coatings is mainly because of the swift growth witnessed in the automo...

 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 market Insights offers key insights on the global engineering plastics market in an upcoming studies booklet titled, “Engineering Plastics market: global enterprise analysis and opportunity evaluation, 2016 – 2026”. Destiny market Insights analyses the market overall performance and affords records on the important thing elements and tendencies impacting market growth over the forecast period 2016–2026. The automobile and transportation section is an increasing number of willing in the direction of adoption of engineering plastics merchandise because of their diverse thermal and mechanical residences. The fuelling call for for engineering plastics is largely from car components inclusive of fasteners and supports for chassis and power trains and frame panel lens of head lamps as these compon...

 The global  hot melt adhesives market  is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%. from 2022 to 2032. The market is expected to reach a valuation of  US$ 7,562.9 Million  by the end of 2022 and is predicted to reach  US$ 12,675.7 Million  by 2032. These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032. Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021. The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, part-time shifts, as well as introduction of automated production machinery, let manufacturers improve their market positions. These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period. Several re...

 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...

 The  High Silica Zeolites market  is expected to grow at 1.2% CAGR record forecast period and is expected to reach high silica zeolite market share of US$ 1.37 billion in 2032, up from US$ 122 million in 2022. Zeolite is chemically explained as the crystalline aluminosilicate hydrate containing alkaline earth metal. High- silica zeolite typically includes an organic structure directing agent (SDA), it is generally prepared by heating a mixture compose of a  silica  source, a heteroatom source (boron, aluminum, gallium), a source of alkali hydroxide, and a water-soluble organic species. High-silica zeolites ha been found to be an effective absorbent for the removal of OMPs (organic micro-pollutants) from impaired water, and is also used in personal care products, pharmaceuticals, industrial chemicals, etc. High-silica zeolites is prominently use in the prevention of undesired competitive absorption of background organic matter (BOM) in natural wat...

 The global  agrochemical additives market  is anticipated to reach a valuation of US$ 2.7 Bn by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to increase in population, which trigger demand for crops and vegetables production. While the demand for food products is rising all across the globe, cultivation area is decreasing as a result of the urbanization, industrialization, and development in the infrastructure. The market of agrochemical additives has been substantially influenced by certain socio-demographic factors, economic development, urbanization, and high demand for genetically modified crop. Furthermore, focus on seed treatment, rationalization of rates, post-harvest agrochemical regulations, innovation funds for aggrotech, and import substitutions are expected to fuel the agrochemical additive market. “Growing demand for functional foods and high-nutrie...

 The global market of plastic additive is anticipated to reach a value of US$ 66.6 Bn by 2032, expanding at a 4.6% CAGR over the forecast period. Significant production volume of plastic all over the globe is driving sales of  plastic additives market  to improve the quality and functionality of different materials. Expansion in the building and construction sector, rising electric vehicle production, and ongoing development in the packaging sector will augment the growth in the market. Surging demand for polyethylene, polypropylene, polyvinyl chloride, and other types of plastic for packaging applications will push sales of additives. With increasing investment by prominent players across emerging countries, rising inflow of foreign direct investment in the automotive and packaging sectors will bode well for the growth in the market over the forecast period. Key Takeaways: By product type, the plasticizer segment is expected to account for about 6% of the overall market ...

 The global  transformer oil market  is anticipated to reach a value of  US$ 8,703.2 Mn  by the end 2032, opines Future Market Insights (FMI). Rising power and electricity demand, growing installation of transformers, and expansion of electric grids are some prominent factors boosting the growth in the transformer oil market. Consumption of transformer oil is predicted to surge amid rapid industrialization, increasing technological advancements, and expansion in cross-border electricity trade. Further, with growing energy transitions, and increasing shift toward green and environmentally-friendly technologies, the market is expected to gain traction over the upcoming decade. Further, significant expansion of power generation sector is aiding the demand for transformer oil in oil-filled power and distribution transformers. Various emerging economies including China, India, Brazil, and ASEAN are aiming to provide electricity distribution infrastructure & ...