Chemical Blog

 A recently published study by FMI expects the global demand for  wood pellets market  to increase at a CAGR of 11% during the forecast period between 2022 and 2032, reaching a total of US$ 26.15 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 8%. Wood pellets form a clean, environmentally beneficial, sustainable, and renewable biomass. The increasing global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contribute to global warming. This is expected to contribute to the growth of the industry over the forecast period. Consumers in developed regions such as Europe have greater environmental sentience, which continues to account for their increasing reliance on renewable sources. Bio-based energy sources are gathering impetus in developing countries for electricity generation. The reason is attributed to ri...

  The  silica sand for glass-making market  is expected to record a CAGR of 4.1% between 2023 and 2033. The market is expected to be valued at US$ 5.7 billion in 2023. By 2033, the estimation is projected to cross US$ 8.5 billion.   The surging construction sector is expected to increase the demand for silica sand for glass making. Rapid urbanization and different sectors looking to expand their footprints are a few of the factors which have surged the market growth.    In a bid to focus more on sustainability, the green building market is expected to grow at a robust 13.6%. By 2032, the valuation of the green building market is expected to cross US$ 650 billion, which represents a massive opportunity for the silica sand market.    Luxury hotels are also on an expansion spree. Based on the survey conducted by FMI, the luxury hotel market was valued at US$ 95,113 million in 2022. This market is expected to record a CAGR of 5.3% during the forecast ...

 Increased demand for rubber, agrochemicals, and dental care will propel the global  precipitated silica (SiO2) market  to expand at an amazing development rate of more than 8.8% between 2022 and 2032. Because it is inert, non-toxic, and chemically balanced, this synthetic form of amorphous silicon dioxide enables the tweaking of its properties to suit a variety of end-use industrial verticals. The market for Versatile Precipitated Silica is to Grow to $7.6 Billion by 2029. Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand for precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products. Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO2). Developing regions o...

 Due to their ferromagnetic qualities, soft magnetic composites (SMCs) are widely used in the automotive industry. The global  soft magnetic composites market ,  which is primarily propelled by this, is anticipated to display a strong CAGR during the forecast period of 2022–2029, reaching a value of US$ 80 Billion in 2029. A technology that uses the least energy, is most effective and can operate in extreme frequencies and temperatures is provided by the right SMC combination. Electronic machines that increase dependability and efficiency, such as motors, inductors, and other electronic machines, are in high demand in the automobile sector. Additionally, the market mandates that components like inductors, which take up a lot of space, be made smaller. The usage of soft magnetic materials, such as soft magnetic composites, has thus been driven by efforts to strike a compromise between working efficiency and smaller size. Drivers and Challenges Impact Market Dynamics, which...

 Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global  air barrier market  value will exceed US$ 16,932.8 Million by 2022 end. A recent research study of Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period of forecast, 2022 – 2029. Increasing installations of insulation systems are particularly driving the demand for air barriers in the residential building sector. However, the demand will also see a considerable rise in the commercial and industrial sectors in the following years. This demand growth is attributed to the increasing stringency of regulations and industrial building codes of conduct, says the report. Demand for air barriers has been growing at a stable pace over the past decade, due to stringent norms compelling manufacturers to build energy-efficient walls. To sustain and strengthen their marke...

 Polypropylene yarn also has many color variants and is reusable. The global  Polypropylene Yarn Market  was valued at nearly US$ 16.32 Billion in 2022 and is projected to exhibit a CAGR of 5.6% over the forecast period. Polypropylene yarn is witnessing high demand from textile industries, since it is used for the manufacturing of carpets, socks, etc. Polypropylene yarn is lightweight and cost-effective and also provides high strength to the end product. It has a hygienic structure, which does not cause any allergic reactions; it does not hold moisture and water, and it is dirt- and stain-resistant. All these factors favor the use of polypropylene yarn in textile industries. Moreover, the shifting of the focus of manufacturers in some developing regions towards the production of relatively cheap textiles in higher volumes is expected to pave the way for robust sales during the forecast period (2022-2029). However, polyester and textile industries in East Asia are und...

 The  ammonium phosphate market  in Europe and North America is projected to witness relatively moderate growth during the forecast period. Stringent regulatory norms regarding the use of inorganic fertilizers are hindering the growth of the ammonium phosphate market in the region. The primary focus of manufacturers in these two regions is on the use of organic fertilizers. The rising population in Asia Pacific has led to an upheaval in demand for fertilizers in the region. The majority of the demand for ammonium phosphate will be generated from countries such as India and China. Moreover, the proliferation of fertilizer plants in the region is supplementing the growth of the ammonium phosphate market. The projected growth rate of the ammonium phosphate market is approximately 3.3% over the course of the forecast period (2019-2029). The demand from the fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics an...

 The global  Dolomite market  is expected to be valued at US$ 3.41 Billion in 2022. With the growing demand from construction, agrochemicals, mining & metallurgy, pharma & healthcare, and glass & ceramics sectors, overall demand for Dolomite is projected to grow at a CAGR of 4.4% between 2022 and 2032, totaling around US$ 5.28 Billion by 2032. Dolomite is used in the manufacturing of high-mechanical-strength concrete that can withstand heavy loads. Investment in infrastructure, especially in developing nations is boosting the demand for dolomite in civil construction. This is resulting in increased sales of dolomite, and the trend is expected to continue over the forecast period. Significant growth in the construction and infrastructure sector across the world in the past few years has boosted the consumption of cement, resulting in high demand for dolomites for production. As dolomite utilization helps in reducing carbon emission and waste generatio...

 Steady demand for calcium acetate continues to arise from diverse quit-use industries along with meals & drinks, prescription drugs, textiles, agriculture, and petroleum. The global  calcium acetate market  is poised for a modest boom at approximately 3% CAGR through the length of the projection length (2022-2029). Moreover, manufacturers have targeted assignment growth-orientated techniques for long-time period competitive ascendancy. Use of Calcium Acetate as Phosphate-binder to power the global Calcium Acetate market The position of calcium acetate in treating hypophosphatemia has emerged as an important pharmaceutical application. Patients tormented by kidney diseases are given oral prescriptions of calcium acetate at the same time as they are on dialysis. Calcium acetate significantly reduces the threat of stroke or coronary heart ailment with the aid of removing hazardous construct-up of phosphate in the human frame. Drivers and Challenges Have an Impact on Mar...

 Increasing urbanization and rapid industrialization are creating massive opportunities for the construction industry, and significantly contributing to the rising demand for anti-seize compounds. According to the latest report by FMI, the global  anti-seize compounds market  is expected to reach a valuation of US$ 236 Million by 2029. Substantial growth in the anti-seize compounds market is mainly backed by the growth of the automotive & transportation industry, which holds a prominent share in the consumption of anti-seize compounds, closely followed by the petrochemical sector. “In most end-use industries, galling or seizing can increase maintenance time, resulting in longer shutdowns or closure. Increasing use of anti-seize compounds has enabled end users to reduce maintenance cost as well as time, and has simultaneously offered an efficient solution for improving gasket performance.” Drivers and Challenges Have an Impact on Market Dynamics, which can Impact Busin...

 According to the report, the market is expected to post impressive gains, expanding staggeringly at a CAGR exceeding 10% throughout the forecast period. Increasing construction and infrastructure development activities are spurring demand. ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global  ceiling tiles market  for the forecast period 2021-2031. The market posed some lucrative gains in the historical forecast, surpassing US$ 26 billion in revenue as of 2018. Residential and commercial construction industries remain the primary application areas for ceiling tiles. Modern ceiling tiles are also equipped with features such as acoustic and thermal insulation, attributes which shall greatly enhance prospects for key manufacturers. A major trend gripping the ceiling tiles landscape is the drive toward attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with ke...

 Future Market Insights (FMI) sees this as a chief driver of the  reactive diluents market , which is expected to grow at a positive pace between 2020 and 2030. As reactive diluents are used for improving the consistency of paints & coatings and adhesives & sealants, they are in high demand across a multitude of sectors including building & construction, automotive, and electronics among others. However, in the first half of 2020, most of these activities remained impeded, resulting in 40% less demand, compared to the same period last year. Using reactive diluents results in better performance of various solutions by improving their thermal stability, tensile strength, adhesion, and other physical attributes. Due to their robust compatibility with water-based and solvent paints, the demand for reactive diluents will continue surging through the course of the forecast period. A key point to consider here is that using reactive diluent can significantly reduce the em...

 According to a recent report published by Future Market Insights (FMI), the global  Direct reduced iron (DRI) market  is projected to reach revenues worth US$ 17 Bn by 2030 end, with growth projected at an impressive CAGR between 2020 and 2030.  (DRI) has recently emerged as a quality supplement, in place of scrap steel, among steel-making companies. Increasing steel production capacities, heightened awareness about CO₂ emission control among steel producers, and accelerating demand for high-quality steel from end-users continue to drive DRI consumption in the global market. While increasing steel production capacities in China, India, and some Middle Eastern countries account for the amplifying DRI demand, the COVID-19 pandemic has led to disruptions across end-use industries, thereby impeding demand for steel. Ban on steel scrap imports is significantly steering sales of DRI amid the global coronavirus outbreak. Surplus supply, low demand, and high storage volumes...

 The global  potassium chloride market  is worth US$ 13.08 Billion as of now and is expected to reach US$ 18.10 Billion by the year 2033 at a CAGR of 3.3% between 2023 and 2033. Potassium chloride, also known as potassium salt or sylvite, comes across as a metal halide containing potassium and chlorine. Apart from being odorless and colorless, it is easily soluble in water and does have a salt-like taste. The end-user applications include medicines, fertilizers, food processing, and likewise. The other area of application includes ‘de-icing’, which is safer for animals and plants. Potassium chloride is the basic raw material used in the form of feedstock for several potassium compounds in soldering, welding, and casting. It’s another application is that of a coagulant in the treatment of drinking water for removing impurities. It finds its presence as a softener in the textile industry as well. In the kitchens, it could be used as a substitute for salt. Plus, rising deman...

 Magnesium carbonate minerals are witnessing an upsurge in demand, owing to their application in multiple end-use sectors such as pharmaceuticals & personal care, and construction.  Magnesium carbonate minerals  are used to produce raw materials that serve as refractory materials for steel, metallurgy, and ceramic industries. End users such as the chemical industry also use magnesium carbonate minerals to produce raw materials for plastic, polymers, paints, and fertilizers. Magnesite, in meager amounts, is also used as a gem and lapidary material. Moreover, there is an expected revamp in the pharmaceutical and personal care industries, owing to the current Covid-19 pandemic, which, in turn, is anticipated to drive the magnesium carbonate minerals market in the near term. Refractory bricks & kilns and building & flooring materials are also paving the way for robust sales. The global magnesium carbonate minerals market is expected to surpass  US$ 689.0 Mill...

 Global  chlorine disinfectant market  revenues are poised to reach US$ 4.2 Billion by the end of the forecast period, 2022 – 2030. Heightening concerns regarding the novel coronavirus (COVID-19) pandemic are triggering the need to maintain hygiene in healthcare and residential facilities. In line with this, global sales of chlorine disinfectants are set to soar promisingly in the near term, as projected by a new Future Market Insights (FMI) study. The survival period of SARS-COV-2 – a virus that causes COVID-19 – on inanimate objects differs with various factors including, temperature, and humidity. This accents the need for frequent cleaning and disinfection of surfaces, thereby, enabling broader usage of chlorine disinfectants. Drivers and Challenges Have an Impact on Market Dynamics, which can Impact Businesses. Find more Insights in a Sample Report!  https://www.futuremarketinsights.com/reports/sample/rep-gb-11300 Market Landscape: Moderately Fragmented The glob...

 The global  crotonaldehyde market  is predicted to register a CAGR of 4.2% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 393.46 million in 2023 to US$ 593.71 million by 2033 end. The demand for crotonaldehyde is projected to scale at a decent pace in the assessment period, thus invigorating the market. Surging utilization of the chemical in numerous end-use industries like agriculture, chemicals, food and beverages, and pharmaceuticals, is expected to propel the compound growth. The accelerating demand for crotonaldehyde to synthesize a multitude of drugs and intermediates like analgesics and anti-inflammatory agents is pushing the compound demand in the pharmaceutical industry. Also, crotonaldehyde is utilized as a starting material to develop vitamin B6 and other vitamins. The chemical further finds usage in the food and beverage industry where it is used as a preservative to prolong food products’ shelf life. ...

 The global  industrial adhesives market  is predicted to register a CAGR of 4.4% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 57,444 million in 2023 to US$ 85,786.4 million by 2033 end. The industrial adhesives industry is being driven forward by the extensive application areas of the product. For instance, in the construction industry, the product is used for ceramic tile installation, floor tile and flooring installation, counter lamination, and carpet adhesives, among others. The product further finds application in consumer products like decorative films, model and hobby supplies, and school and stationery products, among various other application areas. Surging demand for the product from construction, consumer adhesives, tapes, packaging, and transportation, among others, and the high growth of the aforementioned sectors, are expected to have a positive influence on the industry growth. The ongoing investi...

 The  magnesium sulfate   market  is anticipated to expand its roots at an average CAGR of 5.7% between 2023 and 2033. The market is anticipated to cross a market share of US$ 1.68 billion by 2033 while it is likely to be valued at US$ 1.0 billion in 2023. The applications of magnesium sulfate in the food and beverage sector along with the increased focus on reduced plastic consumption are expected to gain momentum in the market. Expanding pharmaceutical operations, and research-based activities are likely to contribute a positive share of the magnesium sulfate market. Furthermore, the higher agricultural applications to increase the sulfate and magnesium content in soil have pushed the demand for agriculture-grade magnesium chloride. The application of heptahydrate magnesium sulfate as a cathartic agent. Alongside this, its increased usage as a brewing salt in beer-making procedures has increased the demand for magnesium sulfate. Its medicinal benefits for pregnant ...

  Transportation composites ’ compatibility with the broader objectives of the automotive industry, notably sustainability and weight reduction, will drive sustained adoption, according to a new report by Future Market Insights (FMI). According to the study, consistent innovation and research into technologies that help meet legislated emission targets are becoming the elixir for manufacturers of transportation composites. Moreover, as customers become more environmentally conscious, reuse and recycling are gaining traction – a development that augurs well for transportation composite manufacturers. In a bid to fulfill emissions targets and improve the sustainability of future automobiles, mass reduction of automobiles (lightweight) is increasingly emerging as a major challenge for automotive manufacturers. Lightweight vehicles help achieve improved fuel efficiency as well as offer better braking, acceleration, and handling. As these trends propelling the current surge will sustain...

 The global  hydroxyapatite market  size is expected to grow from  US$ 480.2 Million  in 2022 to  US$ 996.4 Million  by 2032, exhibiting a CAGR of  7.6%  throughout the forecast period (2022-2032). Rising demand from dental, orthopedic & surgical applications is key driving growth in the global hydroxyapatite market. Over the years, there has been a sharp rise in demand for dental and orthopedic implants as a result of an aging global population and a surge in health problems, and this trend is likely to continue during the forecast period. Driven by this, sales of hydroxyapatite are slated to grow at a healthy pace over the next ten years. Hydroxyapatite is primarily used in dental and orthopedic applications. Hydroxyapatite is a component of tooth enamel, cementum, and dentin. It aids in the remineralization of teeth and keeps teeth strong and healthy against enamel erosion and cavities. Therefore, it is widely used in dental hygiene pr...

 Increasing consumption of water treatment polymers in various industries is anticipated to propel the growth of the  water treatment polymers market . According to a new study by Future Market Insights (FMI), the market is likely to reach a value of US$ 3.30 Billion by the end of 2031 Rising demand for continuous water supply from mining & metals, food & beverages, oil & gas, semiconductor, and pharmaceutical industries along with growing demand for an uninterrupted supply of potable water are the key factors driving the global water treatment polymers market. Increasing consumption of water treatment polymers in municipal, and Industrial segments will remain a chief growth driver. Municipal water treatment and industrial water treatment together account for more than three fourth of the market. Drivers and Challenges Impact Market Dynamics, which can Impact Businesses. Find more Insights in a Sample Report!  https://www.futuremarketinsights.com/reports/sampl...

 The global  amines market , valued at US$ 31.9 Billion 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. Stumbling Blocks of the Market However, the use of amines causes human health issues such as skin diseases, which is a market limitation. One of the main uses of the market is the use of amines in personal care products, which is restricted by strict regulatory laws. The market for amines is predic...

 According to a report by Future Market Insights (FMI), the global  firearm lubricants market  is expected to reach US$ 523.8 Mn by 2031. Asia-Pacific has been identified as an emerging market for firearm lubricants. It is expected to continue exhibiting high growth backed by increasing demand from countries such as India and China. A key example to support this statement is that countries like India, China, and Israel are investing large sums in their defense sector. According to FMI, the military and defense sector over 60% of global sales. Shift from mineral-based lubricants to bio-lubricants due to their excellent properties and environmentally friendly nature, especially in the defense industry is set to be a new trend witnessed in the market.  “Growing demand from military & defense industry is expected to drive the firearm lubricants market through the forecast period 2021-2031. Companies operating in the market are focusing on expansion of their footprint...

 The  sulfone polymers market  size is predicted to be worth US$ 1,343.9 million in 2023, rising to US$ 2,189.1 million by 2033.  The market for sulfone polymers is expected to grow at a significant CAGR of 5.0% during the forecast period. Drivers of the Sulfone Polymer Market The rapid expansion of the electrical and electronics sectors around the world is driving up demand for sulfone polymer. Rising demand for amorphous thermoplastics with higher strength and hydrolytic stability is likely to drive market growth. Demand for consumer goods and healthcare services is expected to drive market growth. Restriction in the Sulfone Polymer Market The complex process cycle involved in the production of conventional polymers, as well as the need for cost-effective raw materials, may limit the market growth. Given its low resistance to UV light and higher cost, it is not widely used by small to medium-sized businesses. For Insights on Global, Regional, and Country-Level Para...

 The   carbon steel market   size in 2022 has reached close to US$ 833 Billion. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments. According to the report, the carbon steel market is operating in an environment where a lot of waste is generated and a huge amount of energy is consumed. The steel industry is efficiently reducing waste through waste recovery technologies and through recycling, which has been aiding environmental causes. The industry has adopted efficient fabrication and manufacturing processes, which is reducing energy consumption. Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming l...

 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...

 The global  trimer acid market  is expected to bolster phenomenal growth with a healthy CAGR of 4% during the forecast period from 2022 to 2032. The market reached  US$ 288.4 Million  in 2021 and is estimated to touch  US$ 299.29 Million  in 2022. As per FMI estimations, the trimer acid market will surpass the revenue of  US$ 442 Million  by 2032. The reactive polyamides segment is expected to gain maximum traction based on the application segment throughout the assessment period. The expansion of residential and non-residential construction projects all over the world is responsible for the rise of the segment. The increasing application of reactive polysulfide resin in the automotive sector, the rising paper industry, and the replacement of traditional resins with polyamide resins have spiked segmental growth notably. Competitive Landscape Kraton Corporation, Liancheng Biaxin Science, and Technology Co., Ltd, Alfa Chemical Corporation, Soo...

 The global  wind power coatings market  is expected to be valued at US$ 1.2 Billion in 2022.  The overall demand for wind power coatings is projected to grow at a CAGR of 10.1% between 2022 and 2032, totaling around US$ 3.14 Billion by 2032. With the rising demand for energy owing to rapid urbanization and industrialization across the globe, coupled with surging environmental concerns associated with conventional methods of energy generation. Installation of wind power plants is growing at a significant pace. Rising environmental concerns associated with conventional power production methods are accelerating the demand for clean energy. According to GWEC, about 60.8 GW capacity of wind power was installed across the globe in 2019 which expanded to around 93 GW in 2020. This new installation rate is expected to grow and around 112.2 GW capacity is expected to be installed by 2025. With the robust rise in the number of turbines across the globe demand for wind power c...

 The  potassium carbonate market  is predicted to grow at a CAGR of 4.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 2.1 Billion in 2023 to US$ 3.2 Billion by 2033 end. The market for potassium carbonate is poised to witness a healthy growth rate on account of emerging uses of the compound in foods and pharmaceuticals. This is in addition to the established uses of potassium carbonate in the manufacturing of ceramics, glass, potassium salts, and agrochemicals. Persistent efforts into the R&D activities of potassium carbonate are projected to propel market expansion over the forthcoming years. For instance, the European Federation of Pharmaceutical Industries and Association has observed the intensification of investments by numerous research institutes and manufacturers in America and Europe. These investments are aimed at developing and innovating new pharmaceutical products, which are forecast to le...

 As per a recent analysis by Future Market Insights (FMI), the global  lithium mining market  is projected to top  US$ 3.4 Billion  by 2032. Growing demand for lithium-ion batteries from end-use industries including automotive, packaging, and consumer electronics is expected to propel sales of lithium over the forecast period 2022-2032. Lithium is widely being adopted in the manufacturing of batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency, and low discharge rates. Increasing sales of electric vehicles is anticipated to spur demand for lithium in the forthcoming years, which in turn will augment the growth of the global lithium mining market. Moreover, the growing demand for glass and ceramics from the packaging industry is likely to create new opportunities for key players operating in the lithium mining market. Glass and ceramics are mostly used in the packaging of pharmaceuticals, food and beverages, and o...

 The global  polymerization initiators market  is projected to reach a valuation of  US$ 1.3 Billion  in 2022, with sales growing at a  4.9% CAGR  during the forecast period. Against this backdrop, the polymerization initiators market size will reach  US$ 2.1 Billion  by 2032. Polymerization initiators are chemical substances that react with a monomer to form an intermediate which can link with many other monomers sequentially to form a polymeric compound. The substantial production volume of plastics all over the globe is fueling the demand for initiators. Although peroxide is in high demand, sales of persulfate are expected to gain traction during the forecast period owing to its extensive usage in the manufacturing of polymers. The quantity and type of initiators are determined by the type of monomers and the applications in which they will be used. These initiators are used in radical polymerization to control heat or light initiation. Po...