The global glycolic acid market size was valued at $309.3 million in 2021, and it will grow at a CAGR of 7.7% during 2021–2030, to reach $604.4 million by 2030.
The global methanol market stood at around $20 billion in 2020. This is attributed to the high usage of methanol in manufacturing of petrochemicals such as formaldehyde, acetic acid, dimethyl ether (DME), olefins, methyl tert-butyl ether/tert-amyl methyl ether (MTBE/TAME), methyl methacrylate (MMA), and solvent.
The growing automotive and manufacturing industries mainly in emerging economies are increasing the consumption of metals. As per the World Steel Association, the consumption of steel increased from 1,544.6 million tons in 2013 to 1,767.5 million tons in 2019.
The global boron market is projected to showcase notable growth in the coming years, on account of the growing usage of the compound in the construction and renewable energy sectors.
The global indium market is projected to showcase a strong growth during the forecast period (2021–2030), on account of the increasing demand for the compound in electronic goods, such as flat screen televisions, laptops, and other touch screen products.
The global bio-butanol market is projected to showcase notable growth in the coming years, on account of the rapid surge in demand from end-use industries, such as building & construction.
The global graphite market was valued at $19,092.9 million in 2019, and it is projected to witness a CAGR of 7.4% during the forecast period (2020–2030). This is primarily attributed to the growing demand for graphite products in the metallurgy and electronics industries across the globe.
The global magnesium stearate market stood at $1,492.3 million in 2019, and the market size is expected to demonstrate a CAGR of 5.3% during the forecast period (2020–2030).
The market for titanium dioxide is predicted to grow at a CAGR of 4.5% from 2020 to 2030. Paints & Coatings application category dominating market.
Valued at $3,713.3 million in 2019, the global low strength proppants market size is projected to witness a CAGR of 9.8% during the forecast period (2020–2030).
The major trend observed in the global lauric acid market is the escalating adoption of beauty and grooming products among consumers. To cater growing demand for personal care products, companies are increasing their production capacity, which further increases the demand for raw material such as emulsifier.
Valued at $2,019.3 million in 2018, the global sodium sulphate market is projected to surpass $2,109.4 million by 2024, witnessing a CAGR of 2.6% during the forecast period.
Organic pesticides are natural or plant-derived agents, which are used for pest control. These pesticides serve as an alternative to the toxic chemical pesticides, which have adverse effects on plant and human health.
The alumina market revenue stood at $61,093.4 million in 2018, and it is expected to register a value CAGR of 2.2% and a volume CAGR of 3.0% between 2019 and 2024.
A major trend gaining momentum in the global acetaldehyde market is the growing application of acetaldehyde in water treatment and its increasing usage as a preservative in food and beverages. Besides, the chemical is widely used in the paints and coatings, cosmetics, and pharmaceuticals industries.
Major factors witnessed in the global agricultural enzymes market are rising sales of enzymes for organic farming and increasing demand for organic food. Additionally, the rise in need of improving the production yields in a limited arable land is another factor propelling the demand for these enzymes. Due to rise in sales, major players in the agricultural enzymes industry are making large investments in research and development (R&D) of the enzymes.
The recent shift toward the development of light vehicles and the diversification in energy baskets of countries from traditional sources of power such as fossil fuels to clean power sources such as wind power are the major trends, which are identified to impact the global carbon fiber resin market.
The major trend being witnessed in the global acetic acid market is the rising capital expenditure for enhancing the production of the acid. The rising investments by various producers is also aimed at technological upgradation, development of new facilities, strengthening the supply chain of the product. With the rising investments in the aforementioned areas, the demand-supply scenario for the acid is likely to strengthen in the coming years.
The major trend being witnessed in the global high-purity alumina market is the growing investments by market players in new plants for product manufacturing. Besides, investments are being focused upon the expansion of existing production units and the modernization and upgradation of aging facilities.
The growing investments in research and development (R&D) for helium-based devices is a key trend impacting the global helium market. For instance, there is ongoing research to employ supercooled helium for improved global positioning system (GPS) in submarines and airplanes.
A major trend being witnessed in the global adsorbents market is increased investments by the market players to boost their production capacity for adsorbents. Owing to the large-scale application of adsorption materials in a wide range of industries, players engaged in the development of these materials are working toward expanding their production capacity to meet the growing product demand.
Continuous research and development to bring down the cost of production of the acid through the adoption of advanced technologies is a key trend witnessed in the D-amino acid market. The conventional manufacturing of the acid is a tedious process, which requires a lot of time. Hence, new methods, such as the enzymatic process, are being adopted to simplify the production of the acid.
The major trend being witnessed in the global ethylene market is the increasing investments aimed at boosting the production capacity for the gas. Owing to the large-scale application of ethane gas in various industries, many companies engaged in its production are working toward expanding their production capacities.
The major trend gaining momentum in the global benzaldehyde market is the increasing use of the derivatives of the aromatic compound for the synthesis of other organic compounds.
Major trend being witnessed in the caprolactam market is upcoming investments and expansions. Caprolactam is a compound that is increasingly replacing metals in automotive applications such as air intake. Hence, in terms of research and development, manufacturing associations and end-product manufacturers impart high investments for future expansions and technology modifications of the compound.
The global m-xylene market was valued at $1,036.6 million in 2017 and is projected to reach $1,341.7 million by 2023, witnessing a CAGR of 4.4% during the forecast period. The market growth is mainly driven by factors such as increasing consumption of isophthalic acid and rising demand for adhesives and sealants in various end-use industries.
Isobutanol is expected to perceive significant demand as an alternative to conventional fuel. The high demand of the product is attributed to its increasing adoption as an alternative for ethanol in gasoline. It is widely used in the production of isobutyl acetate. The isobutanol market is driven by wide acceptance in the various consumer product industries, such as food processing industry and lacquer.
Over the recent years, there has been a considerable growth in the automotive industry owing to rising sales automobiles in the developing nations. This is directly impacting the sales of dimethyl ether which serve as an additive with the fuel used by automobiles. Dimethyl ether which is also known as methoxymethane, is a natural compound with the chemical equation CH3OCH3.
The APAC printing inks market is estimated to attain a size of $5,344.1 million in 2017 and is projected to reach $7,000.2 million by 2023, registering a CAGR of 4.6% during the forecast period. The major factors driving the growth of market are the growing consumption of packaged food items and rising demand of bio-based products across the region.
The global proppant market valued $6,057.0 million in 2017 and is projected to reach $10,562.9 million by 2023, witnessing a CAGR of 9.5% during the forecast period. The growing demand for frac sand for the extraction of petroleum fluids and the increasing use of ceramic and resin-coated proppants to enhance the productivity of wells are the key factors driving the growth of the proppant market.
The global hexamine market is estimated to be valued at $315.4 million in 2017 and is projected to reach $394.2 million by 2023, witnessing a CAGR of 3.7% during the forecast period. Growing demand of the chemical from end use industries and its increasing use in the plastic industry are the key factors driving the hexamine market growth.
The global soft magnetic materials market is expected to witness significant growth, during the forecast period (2016-2022), on account of increasing demand from automotive industry, new product development, and increasing application in motors, transformers and alternators. Additionally, increasing demand from the developing nations is offering new growth opportunities for the global soft magnetic materials manufacturers. Contrary to it, fluctuation in
The global electrolytic manganese dioxide market is projected to grow at a significant level during the forecast period, on account of increasing demand for battery from India, China and Vietnam. Electrolytic manganese dioxide is utilized in electrodes for alkaline, lithium ion and zinc carbon batteries. The domestic production of electrolytic manganese dioxide is driven by favorable legislative norms and technological innovations. Increasing dependence on
Printing inks, refer to a liquid or paste, are widely used to color surfaces such as newspaper, books and magazines, cardboard and ceramic tiles to produce an image, text or design. Printing Inks contain pigments or dyes that are mixed with oil, solvents or water that forms liquid or paste. It can be widely used in coloring surfaces such as newspaper, books and magazines, cardboard and ceramic tiles.
Ammonium phosphate is the salt of phosphoric acid and ammonium. Upon reaction between phosphoric acid and ammonium, ortho (solid) form and polyphosphate (fluid) form are produced. The solid form is the dominant type. Ammonium phosphate is a highly unstable compound and is manufactured in long chain molecules to increase the stability. Ammonium phosphate is used as an additive in animal feed and finds application in several industries such as fertilizer, water treatment chemicals, food and beverages and flame retardant.
The global barium nitrate market was valued at $2,368.3 million in 2015 and is expected to grow at a CAGR of 5.5% during 2016 – 2022, to reach $3,451.8 million by 2022. The market will be growing at a significant rate due to the the growing applications in military areas and expanding glass/ceramic industry.
Paraxylene is a fragrant hydrocarbon which is particularly used as a raw material in the production of dimethyl-terephthalate (DMT) and purified terephthalic acid (PTA).
The global market for inorganic salts is expected to grow at a CAGR of 4.4% during the forecast period. In 2015, Asia-Pacific dominated the global inorganic salts market with the largest market share in terms of volume. Increasing construction activities, rapidly evolving chemical industry and increasing demand for agrochemicals is one of the major factors driving the demand for inorganic salts in Asia-Pacific region.
Esters are a chemical amalgamation produced by substituting hydrogen of an acid with an organic group or an alkyl. Fats, oils and triglycerides are some of the naturally obtained esters.
The global ammonium chloride market is growing, due to high demand of nitrogen source in fertilizers and increasing base of end-use industry. Solvay process is the principal manufacturing process of ammonium chloride. In some industrial processes, the process is also intended to minimize the ammonia release. Another key manufacturing processes of ammonium chloride is the reaction of ammonia with hydrochloric acid solution or hydrogen chloride gas.
The global amines market is growing, due to the high growth from end-user industries and huge developments in the developing economies across the globe. The amines have several applications in different industries including agricultural, personal care and petroleum; therefore a high demand for amines is projected during the forecast period. Among the various types of amines, the ethanolamines segment held the largest share in the global amines market
In 2014, the global wax market stood at $7,939.6 million which is projected to witness a prominent growth at a CAGR of 3.5% during the forecast period. This growth is ascribed to the factors including the growth in the base of end-user industries followed by the rise in demand of natural waxes.
Some of the drivers behind the growing demand of global sodium hydrosulfite include increasing demand from textile industry, and rapid upsurge in demand for paper products in Asia-Pacific. Some of the major factors driving the growth of the textile market are increasing consumer confidence, increasing level of disposable income, and increasing shopper’s eagerness to keep up
The Asia-Pacific region has rapidly emerged as the largest cumene global market. The moderately developed Japanese market also accounts for a substantial share in the global cumene market in Asia-Pacific region. China is going through large capacity additions in the form of aromatic plants (phenol derivatives) which has increased the cumene market in Asia-Pacific region.