Chemical Industry - Market Research Report

  Gluten-free Baking Mixes Industry Overview The global gluten-free baking mixes market size was valued at USD 391.1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The increasing prevalence of celiac disease, non-celiac gluten sensitivity, and rising demand for convenient healthy food items are anticipated to drive the demand for the product over the forecast period. The COVID-19 pandemic had a positive impact on the product demand as home-baking activities increased significantly during the lockdown period. Google searches for baking tips and bread recipes have been soaring all over the world since the start of the pandemic, as people sought to learn new skills and take up different activities to stay busy. The work-from-home trend, along with the severe restriction of stay-home policy, has been encouraging consumers to indulge in cooking practices at home. Bakery products are mainly prepared using wheat; however, the high

  Fiberglass Sunscreen Industry Overview The global fiberglass sunscreen market size was valued at USD 1.91 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. Increased spending on home improvement projects or home remodeling is boosting the product demand. The growing home values have doubled homeowners’ equity in the period of five years preceding 2019, indicating a surge in spending capacity towards home improvement and interior decoration. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen at 6% annually in the three years since 2015. The outbreak of novel coronavirus has disrupted the supply chain and affected the construction of fiberglass sunscreen. As the pandemic enters its second year and the global economy slowly recovers, the worldwide fiberglass supply chain is facing a shortage of products, caused due to delays in shipping and a fast-evolving demand environment.

  Healthcare Automatic Identification And Data Capture Industry Overview The global healthcare automatic identification and data capture market size to be valued at USD 62.0 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 22.3% during the forecast period. Growing healthcare expenditure, technological advancements by market players, and an increasing number of government policies in favor of automatic identification and data capture (AIDC) solutions are key drivers of the market. The healthcare industry is uninterruptedly evolving to keep up with growing regulatory pressures while maintaining an environment where patients and staff feel safe. The COVID-19 impact is revealing the importance of automatic identification and data capture across the globe. These devices can relieve the high pressure on hospitals caused by the surge of patients. The growing number of patients and deaths due to COVID-19 will force to increase in healthcare expenditure, whic

  Natural Extracts Industry Overview The global natural extracts market size to be valued at USD 18.95 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% during the forecast period. Factors such as consumer awareness, changing lifestyles, increasing adoption of natural ingredient-based products, and biotechnological advancements are driving the market. Moreover, macroeconomic factors such as growing consumer disposable incomes, R&D, imports and exports, growth of the agriculture industry, aging population, and population growth have positively influenced the demand for natural extracts over the past years. Natural extracts are gaining popularity in various industries, such as food and beverage, cosmetics, perfumery, pharmaceuticals, and nutraceuticals. Natural extracts have no detrimental side effects unlike most of the chemical-based ingredients used in personal care and cosmetics, pharmaceuticals, and food and beverage products. In addition,

  Fertilizer Catalyst Industry Overview The global fertilizer catalyst market size was valued at USD 2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2021 to 2027. Catalysts are organometallic compounds that find widespread application in fertilizer and refinery applications. The market is majorly driven by product innovation aimed at reducing greenhouse emissions and improving process efficiency. The implementation of new pollution norms is expected to provide a positive impetus to market growth. Haldor Topsoe and Clariant have developed products that aim at reducing greenhouse emissions, along with improving material recovery. Major governments globally are implementing regulations on the production of ammonia, ammonium nitrate, and calcium ammonium nitrate, complex fertilizers, and nitric acid plants. The implementation of these norms is expected to force manufacturers to procure catalysts that help counter these problems and make t

  Bamboos Industry Overview The global bamboos market size was valued at USD 53.28 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Growing investments focused on infrastructure development, increasing use of sustainable building/ construction resources, and rising consumer awareness regarding the uses and benefits of bamboos are expected to drive the market over the forecast period. Bamboos and rattan provide several environmental, economic, and social benefits to society. Bamboo is a sustainable resource that can grow under a range of climatic conditions, but preferably in a tropical climate. It provides approximately 35% more oxygen and absorbs 40% more carbon dioxide as compared to trees, which results in a substantial improvement in the air quality. Further, the cultivation of bamboos offers carbon fixation, controls soil erosion, and purifies the environment. Similarly, rattan palms are grown mostly in tropical rainfor

  Chlorine Trifluoride Industry Overview The global chlorine trifluoride market size was valued at USD 45.48 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. It is an inter-halogen compound in the gaseous form that is colorless, extremely reactive, and corrosive. The versatile application of chlorine trifluoride (CIF3) in the semiconductor industry for cleaning purposes is anticipated to drive market growth. The introduction of the 5G has increased the popularity of semiconductors in the field of computing and communication industries. High disposable income coupled with increased expenditure on consumer electronic products is likely to enhance the demand for semiconductor manufacturing, which is expected to influence the ClF3 industry growth positively. Increasing demand for clean power coupled with decreasing fossil fuel reserves is projected to raise concerns related to the availability of energy sources in the future. Such

  Cooling Towers Industry Overview The global cooling towers market size was valued at USD 3.53 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. The growing demand for energy-efficient cooling systems in commercial and industrial applications is anticipated to drive the growth of the market over the forecast period. Cooling towers offer a cost-effective method for cooling large commercial spaces and process cooling applications in various industries and industry verticals, such as oil and gas, chemicals, and food processing. Cooling towers are also deployed on a large scale in thermoelectric power plants to remove the excess heat. Increasing electricity consumption is leading to the construction of new power plants, which is expected to fuel market growth. The outbreak of the COVID-19 pandemic and the subsequent supply chain disruptions and temporary suspension of production across various industries and industry verticals t

  Air Compressor Industry Overview The global air compressor market size was valued at USD 32.02 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028. With the burgeoning need to control the spread of the COVID-19 infection, governments around the world implemented strict national lockdowns in 2020. This, in turn, hampered the growth of various sectors and industries. Likewise, the market for air compressor was also affected by the pandemic, witnessing a significant decline in sales and profits. Furthermore, the increasing cases of COVID-19 in various countries due to the second wave resulted in partial lockdowns across the globe. This has subsequently impacted the investments in the oil and gas industry along with the growth of the market. Gather more insights about the market drivers, restrains and growth of the Global Air Compressor market However, post COVID-19, an increasing focus on energy efficiency, energy recovery, and