Chemical Blog

 The global  PAG base Stock Market  is expected to reach US$ 2.03 Billion and is projected to grow at a CAGR of 8.5% over the forecast period. According to the forecast, the PAS base stock industry size will reach US$ 4.6 billion over the forecast period. Considering the excellent properties of PAG base oil as well as the benefits that it provides, it can be predicted that the demand for PAG base oil will improve over the coming years. As well as its excellent water solubility and high viscosity index, PAG base oils are also known for their shear stability as well as its high water solubility. Moreover, the low volatility of the synthetic compounds under high temperatures as well as their resistance to the formation of deposits or residues have also allowed them to be used in a variety of applications. The Global economy is set to be impacted significantly by emerging economies. As a result of its high water dissolving capacity, the PAG base oil market is expected to expe...

 According to Future Market Insights (FMI), Europe black & wood pellets market is projected to grow at a firm 9.0% CAGR during the assessment period from 2022 and 2032. Overall black & wood pellet sales across Europe are projected to total a market valuation of US$ 25,812.9 Mn by 2032. Rising usage of black & wood pellets in power and heat generation applications is a crucial factor expected to drive the market across Europe during the projection period. The Europe black & wood pellets market is expected to be dominated by countries like Germany, the U.K. & Italy and this trend is predicted to continue during the forecast period.  Black & wood pellets are an eco-friendly, renewable, sustainable, and clean kind of biomass. The market for black & wood pellets is rising due to the increased need for renewable energy worldwide and growing focus on limiting the use of fossil fuels that contribute to global warming. Demand for black & wood pellets a...

 The global  PAG compressor oil market  is currently valued at US$1.4Billion in 2023 and is anticipated to expand at a CAGR of 8.7%. Owing to the increasing application in end–use industry the market is likely to propel to US$3.22 billion by 2033. PAG Compressor oil market is witnessing a significant growth, especially in East Asia and South Asia Pacific. Strong industrial infrastructure spending in regions such as Europe and North America has resulted in the significant growth in the market. The demand is expected to rise consistently in industries such as generation, automotive, chemical industry, pharmaceuticals, food and beverages and others. Increasing demand from the automotive industry for high-performance lubricants that can withstand high temperatures and extreme pressure is expected to drive the growth of the PAG compressor oil market. Asia Pacific has become the hub of the automotive industry in the last few years. The surge in demand for automob...

 According to Future Market Insights, the global  fluoroelastomer market  reached  US$1,467.6 million  in 2022 and it is expected to surpass a valuation of  US$ 2,374.8 million  by 2032. Furthermore, the overall sales of fluoroelastomers are poised to rise at  4.9% CAGR  throughout the forecast period (2022–2032). Rising adoption across end-use industries such as automotive, oil & gas, energy, and aerospace is a key factor driving demand for fluoroelastomers globally. Similarly, rapid shift towards lightweight and fuel-efficient vehicles is expected to boost the global fluoroelastomer market during the assessment period. Automotive industry has witnessed drastic changes over the last few years. Implementation of environmental regulations and vehicle norms across the world has promoted the use of lightweight and polymeric automotive components to increase fuel efficiency of the vehicle. Thanks to this shift in automotive industry, fluoroel...

 According to a research study conducted by Future Market Insights on the United States and Canada alumina market , demand for alumina is to reach a valuation of US$ 3,324.8 million by 2022. Robust domestic demand for defense and military equipment, tanker pumps, naval vessel components, and munitions hoist components is projected to drive growth in the United States and Canada alumina market. The market is estimated to be valued at US$ 5,491.3 million in 2032. Aluminum is considered to be the primary raw material for a wide range of industries, especially for automotive, aerospace, and defense sectors. During World Wars I and II, about 90% of USA aluminum production went into defense and military uses. The metal remains essential to several components of modern warfare and owing to this, there is a high demand for alumina for the production of aluminum. There will hence be huge demand for aluminum production across the country. Canada’s aluminum production is mainly exported to ...

 The market for sulphur hexafluoride is valued at US$ 288.37 million in 2023 and is expected to climb to US$ 487.93 million by 2033. During the projection period, the market will rise at a substantial CAGR of 5.4%. Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulphur hexafluoride market. Sulphur Hexafluoride (SF6) Calibration Gas is manufactured by reaction of fluorine with sulphur through electrolysis. Sulphur hexafluoride has excellent thermal, electrical, and chemical properties which make it suitable for various applications. It is used in industries such as power, medical, electronics, glass, metal, etc. Sulphur hexafluoride has excellent properties which are compatible with electrical applications. Thermal stability and high dielectric strength of Sulphur hexafluoride provide outstanding cooling and insulating properties. Being an ideal quench, it is used in switchgear and ele...

 According to Future Market Insights (FMI), the global market for polyethylene terephthalate glycol (PETG) is forecast to accelerate at 3.3% CAGR between 2023 and 2033. Total market size is likely to increase from US$ 2,747.8 million in 2023 to US$ 3,818.9 million by 2033. Growing demand for polyethylene terephthalate glycol from food packaging and medical industries is a key factor proving impetus to the global market. Polyethylene terephthalate glycol (PETG) finds its application across diverse industries. Mainstream consumers of PETG utilize it for packaging purposes owing to its various advantages. Food packaging, medical packaging, and cosmetic bottles are few of the most grossing application areas, which are predominantly consuming PETG across the world. 3D printing, automotive films, building and construction, and few other industries are also investing in product offerings to relish various advantages of PETG-based products. Polyethylene terephthalate glycol possesses hi...

 According to a research study conducted by Future Market Insights on the Qatar cement market , demand for cement is expected to reach a valuation of US$ 1,550.9 million by 2032. Demand for residential buildings has increased as the population has surged. This has further increased demand for cement around the world along with Qatar and other regions. Expansion of the construction industry has a direct impact on the cement industry as cement is one of the essential elements for the construction industry. Cement plays a vital role in the building and construction industry. Rising demand for residential and commercial buildings owing to increasing population and urbanization will boost the Qatar cement market. Civic infrastructure and tourism infrastructure are also expected to add positive elements to the cement industry. Cement is a commonly utilized construction material that is vital to the industry. Expansion of the construction industry is a prominent element that may have an ...

 As per the latest market estimation published by Future Market Insights (FMI), the global high performance fibers for defense market is anticipated to reach a value of US$ 2,428.7 million in 2032. Robust development in the military & defense sectors, increasing government expenditure to advance military infrastructure, and growing research and development programs to develop advanced military equipment are prominent factors bolstering the consumption of high performance fibers in the global defense sector. High-performance fibers are distinguished by their distinctive molecule and phase structures. Their use has gained momentum for creating military fibers. Aside from high modulus and tensile strength, they also have very high levels of other properties such as heat resistance, flame retardancy, operating temperature, and chemical resistance. Aramids and carbon fibers, with their high strength-to-weight ratios, are high performance fibers used for the manufacturing of a broa...

 The report has been titled “ Pour Point Depressants Market : Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.” The growth in the automotive industry has provided the global pour point depressants market a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants. Future Market Insights (FMI) has published a new research report on pour point depressants. According to the report, the global pour point depressants market is expected to exhibit a CAGR of 3.2% from 2022 to 2028. The market was worth US$ 1.97 Bn in 2022 and is projected to reach a valuation of US$ 2.46 Bn by the end of 2028. The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe. In order to meet the increasing requirements of consumers...

 The  algaecides market is projected to have a value of US$ 3.04 billion in 2023 and reach a worth of US$ 5.09 billion by 2033. It is expected to see a steady growth rate of 5.3%. The increase in industrialization has caused effluents to be released into land and water bodies, where they serve as a breeding ground for algal growth that worsens the local environment's biology. Algal growth can have a negative effect on the environment and cause degradation if left untreated for an extended period.  The demand for algaecide to treat these algae species has helped the market expansion as a result of the strict environmental regulations and efforts to control the growth of various species of algae. Due to growing concern and awareness about the preservation of the environment and ecosystem in the region, Asia Pacific is currently dominating the market. The demand for algaecides in the region is being driven by the expanding activities of water treatment programs and the manu...

 The global aerospace maintenance chemical market was worth US$ 7.2 Billion in the year 2020 and is expected to reach US$ 10.4 Billion by the year 2032 at a CAGR of 3.4% between 2022 and 2032. The aerospace chemicals market is expected to witness a major overhaul in the upcoming period on the back of increase in frequency of the air travellers across the globe. As such, the airlines are into provision of cleaner experience to the passengers. It’s a known fact that passengers’ continuous contact with cabin’s interior tends to degrade the interiors of aircraft; thereby necessitating cleaning operations. Aerospace maintenance chemicals could be lubricants or solvents. Lubricants are substances reducing friction between the moving parts; whereas solvents are the ones dissolving or removing materials like dust, dirt, paint, and grease. With increase in complexity of systems, airframes, and engines, maintenance as well as well as repairing of aircraft turns out to be...

 The market for biostimulants is predicted to be worth US$ 3.4 billion in 2023, and rise to US$ 9.6 billion by 2033. Demand is expected to increase at a CAGR of 10.8% over the projected period. Due to their numerous potential applications and promising futures, biostimulants are employed in horticulture and agriculture. Growing demand for eco-friendly agricultural solutions in developing nations like China and India opens up a new market opportunity for biostimulants producers. Since food security and public health are closely related, all parties participating in the agri-food sector have sought to enhance sustainable food production. The largest phytopharmaceutical companies in Asia Pacific and Europe have intensified their production and research activities for natural products. Lack of restrictions related to the product's commercialization may impede the market's development and expansion during the projection period. Growth is constrained by a lack of confidence in new p...

 The global ethyl tertiary butyl ether market is projected to amass a revenue of US$ 11 billion by 2032, with sales growing at a stellar CAGR of 9.2% from 2022 to 2032. Valued at US$ 5.6 billion in 2022, the market is driven to grow by factors like increasing demand from various end-use sectors such as chemical, petrochemical, paints and coatings, and others. Since ethyl tertiary butyl ether assists with the reduction of carbon monoxide and soot emissions, numerous enterprises adopt the product so as to comply with strict government regulations. These aspects facilitate the growth of the ethyl tertiary butyl ether market during the forecast period. A commonly used oxygenate gasoline additive, the catalytic etherification of isobutylene with ethanol forms ethyl tertiary butyl ether. It finds usage as an oxidative additive in the production of crude oil so as to obtain gasoline. Ethyl tertiary butyl ether has also become a suitable substitute for ethanol owing to several benefits li...

 According to research conducted by Future Market Insights on global  sulfuric acid market , demand for sulfuric acid is set to grow at a moderate CAGR of 3.4% between 2022 and 2032, reaching a valuation of US$ 25,623.0 Mn by the end of the forecast period (2032). The market has been significantly influenced by certain macro-economic and industrial factors including chemical industries development, rapid economic boom, expansion of manufacturing sector, and growth of agricultural industry. Sulfuric acid, also known as oil of vitriol, is a strong mineral acid that finds application in diverse industries including metal extraction, agriculture, pharmaceuticals, and textiles. It has become a key constituent utilized for the manufacturing of phosphate-based fertilizers. Thus, need for increasing the crop production all over the globe will indirectly push the demand for sulfuric acid during the forecast period. Similarly, development in the chemical industry and growing demand for ...

 The global graphite market is anticipated to reach a value of  US$ 43,357.6 Mn  by 2032, with the market expanding at a positive CAGR of 6.5% during the forecast period of 2022 and 2032. Valued at  US$ 21,609.2 Mn  in 2021, the  graphite market  will likely reach an estimated  US$ 23,097.7 Mn  in 2022. The escalating application of graphite in various end-use industries like batteries, foundry facing, lubricants & crucible, refractories and others drive the graphite market to grow over this period of observation. The advantages of using graphite such as good thermal and electrical conductivity, lubricity, chemical resistance, and others propel the adoption of graphite in various industries. One of the primary market drivers of graphite is the expanding electric vehicles sector. Graphite is used in the production of anodes that are needed in batteries, particularly of electric vehicles. Also, rising concerns for the environment coupled wi...

 The global  ceramic sanitary ware market   is projected to exhibit lucrative growth opportunities over the estimation period by exhibiting a CAGR of 5.3% from 2022 to 2032. The market is predicted to be valued at  US$ 33,170.0 Mn  in 2021 and is anticipated to reach  US$ 58,929.8 Mn  by 2032. As per the historical analysis between 2014 to 2021, the sales of the ceramic sanitary ware market increased at a CAGR of 6.2% in 2014 and 2021, owing to the rising applications accounting for a reasonable portion of the global market. The rising preference for sanitization and hygiene across the world is expected to fuel sales in the ceramic sanitary ware market. Prevailing government initiatives are helping in promoting sanitization, especially in developing countries is one of the key factors driving the ceramic sanitary ware market. Backed by these factors, the global ceramic sanitary ware market is expected to reach  US$ 35,160.2 Mn  in 2022. Reque...

 Future Market Insights (FMI), in its brand new document titled, “Bio-plastics marketplace: worldwide industry evaluation and opportunity evaluation”, estimates that the global bio-plastics market is predicted to account for US$ 43.8 Bn by using 2020, registering a CAGR of 28.8% at some point of the forecast duration. A growing beverage packaging enterprise, government support for adopting bio-primarily based substances, and growing customer attractiveness for bio-plastics are expected to make contributions to the growth of the  worldwide bio-plastic market   over the forecast length. Key players in the global bio-plastics market are – BASF SE – Arkema, DSM NV – I. Du Pont de Nemours and organization – Evonik Industries – NaturePlast – NatureWorks LLC – RTP agency – Techno polymer Co. Ltd. – Toray Industries Inc. Assessing the various factors driving this marketplace, a FMI lead analyst, stated, “growing patron awareness regarding benefits of greener merchandise, strict p...

 According to a recent study by Future Market Insights, the  acrylic acid market  is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%. Rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period. Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others. In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid ...

 A recently published study by FMI expects the global  fertilizer additives market to augment at a 4.6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 1,685.96 Million is expected for the market. Fertilizer additives are gaining huge traction owing to the expansion of agriculture industry across the globe. Moreover, properties of fertilizer additives that help in anticaking are making them essential. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 4% and closing at US$ 1,028.01 Million. Technological advancement in the agriculture sector is contributing to the growth of fertilizer additives. In addition, government authorities of various countries are launching initiatives that help the agriculture industry to grow. This, in turn, is increasing the use of fertilizer additives. Potash and phosphate-based fertilizers work well for yield enhancement. They not only ensure growth of crops but also pro...

  The global  silicone surfactant market  is currently valued at US$2.08 Billion in 2023 and is anticipated to expand at a CAGR of 4.66%. Owing to the increasing cosmetic care industry the market is likely to propel to US$ 3.28Billion by 2033. Demand for silicone surfactants has been rising owing to their utility in the cosmetics industry. Personal care and grooming have become an important part of people’s lifestyles. This is driving the demand for cosmetic products. Silicone surfactants are used in a wide range of personal care products such as shampoos, hair conditioners, body washes, and soaps, along with other skincare products, among others. Silicone surfactant is used as an ingredient in a variety of products, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others, in the personal care industry. The major factor driving the market is a growing demand from the personal care industry. The person...

  The global   polydimethylsiloxane market   is estimated to reach US$ 2,644.7 million by 2032, increasing at a 5.6% CAGR. In 2022, the market is expected to be worth US$ 1,533.7 million. Polydimethylsiloxane (PDMS) is an inert, nonflammable and nontoxic silicon based organic polymer. Generally it is referred as dimethicone.  Polydimethylsiloxane is optically clear and viscous substance. The properties such as water repellency, low surface tension, low vapor pressure, oxidation resistance, anti-foaming, heat, resistance, heat stability, good dielectric properties and others makes PDMS a very useful substance in various industrial applications. These diverse set of properties of Polydimethylsiloxane are used in medicines, cosmetics, hydraulic fluids, surfactants, anti-foaming agents, coating, domestic products and others. Global Polydimethylsiloxane Market: Drivers and restraints The chemical and physical properties of PDMS are highly utilized in various application s...

 Leading market players are expected to introduce innovative products with unique material properties while limiting their lifetime operational costs, to maintain a competitive edge. The demand for  advanced ceramics  remains significant in healthcare and medical equipment industries, while transportation, chemical, and defense & military are becoming significantly important end-use industries in the advanced ceramics market. Traditional ceramics were known to have wide-ranging applications, however their downsides and limitations gave rise to the development of advanced ceramics. Like their traditional counterparts, advanced ceramics are also used across a variety of applications, and manufacturers are further modifying their properties to suit more specific needs of end users. Advanced Ceramics Market: Competitive Landscape CoorsTek Kyocera Corp Corning IncMorgan Advanced Materials Murata Manufacturing Co. Ltd Ceram Tec. Ceradyne Inc. In May 2019, Kyocera Corporatio...

 The  thermoformed plastics market  is expected to observe growth at a CAGR of 5.5% and touch valuation of  USD 66.16 bn  by 2032, while it holds a revenue of  USD 40.86 Bn  in 2022. Thermoformed plastics  can be defined as fabricated plastic that is transformed through the rising temperature, making it bendable for reshaping. This pushes the  sales of thermoformed plastics. Medical products like prefilled syringes, pharmaceuticals bottles, medical electronics. These supplies also involve capsules and tablet packing, formally known as blister packaging, increasing the  demand for thermoformed plastics. Application of thermoformed plastics in the construction industry has risen in few last years as it thrives the  thermoformed plastic market  and it creates flooring, concrete and furniture. The growing electric and petrol vehicles using hard plastic is also attributed to the  thermoformed plastic growth,  using it qual...