Chemical Industry - Market Research Report

  Palm Oil Industry Overview The global palm oil market size was valued at USD 63.7 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% in terms of revenue from 2022 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries. Major manufacturers are in the Asia Pacific region due to the ease of availability of raw materials in the region. The market is highly competitive as well as comprehensive in nature owing to the presence of a large number of all-scale players who try to gain a competitive edge over others with their high production, superior distribution networks, product quality, and various competitive strategies. Indonesia is the largest palm oil producer as well as exporter of the same. The country exports the product globally. The government also supports the cultivators of palm oil plants. It is a major source of income for many small and medium-...

  Nitrile Butadiene Rubber Industry Overview The global nitrile butadiene rubber market size was valued at USD 2.1 billion in 2021. It is expected to expand at a CAGR of 5.2% during the forecast period. The automotive end-use segment is expected to have the highest penetration among all the segments in the global nitrile butadiene rubber market. Increasing utilization of nitrile butadiene rubber products such as seals & O-rings, hoses, belts, molded products, cables, and others in automobiles is significantly propelling market growth in the automotive segment. The rising trend of electric vehicles and technological advancement in the field of driverless cars are expected to fuel the growth of the automotive industry in the coming years, which, in turn, is likely to create demand for nitrile butadiene rubber. The global per capita energy requirement is gradually increasing over the years, which is expected to portray growth opportunities for the U.S. oil ...

  Masterbatch Industry Overview The global masterbatch market size was valued at USD 5.60 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The replacement of metal with plastics in the end-use industries including automotive and transportation, building and construction, consumer goods, and packaging is expected to be a key factor driving the global market over the forecast period. The product is available in solid and liquid forms and is used for imparting color and enhancing useful properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various types of carrier polymers such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate are preferred along with the product for use in injection molding and extrusion processes.   The U.S. market size was valued at USD 877.38 million in 2021. The rising demand from the packa...

  Dyes & Pigments Industry Overview The global dyes & pigments market size was valued at USD 36.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastics, is expected to drive the market growth. Major producers are actively venturing into enhancing their products by utilizing advanced technologies for the efficient removal of hazardous pollutants during the manufacturing process. Manufacturers are likely to experience varied production costs due to volatility in the prices of raw materials, such as benzene. A wide distribution network in the market is achieved through both physical retail stores and online retailing. The availability of the products on e-commerce platforms has increased the client base of the market participants. Rapid growth in the global construction industry has also been a ...

  Medical Polymer Industry Overview The global medical polymer market size was valued at USD 18.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030. Factors, such as increasing demand from the medical industry are anticipated to fuel the demand for medical-grade polymers. Polymers are classified as synthetic and natural polymers based on raw materials. Naturally occurring polymers include wood, bio-based polymers, and natural rubber, whereas synthetic polymers include thermosets & thermoplastic resins, elastomers, and fibers. Increasing per capita healthcare spending in the form of health insurance in the U.S. has been one of the significant trends impacting the growth of the market in North America. This is expected to augment the demand for generic drugs and medical devices in the coming years, thereby driving the market in North America during the forecast period. This industry's critical applications incl...

  Ferrosilicon Industry Overview The global ferrosilicon market size was valued at USD 11.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2022 to 2030. The market is anticipated to be driven by the rising use of ferrosilicon as a deoxidizer in the steel industry and as an inoculant in cast iron. Growing demand for steel is compelling producers to increase their production capacity. For instance, in January 2022, AM/NS India signed an MoU with the Government of Gujarat, under which the company will invest over USD 22.0 billion in six projects across the state. An investment of USD 5.97 billion will be for expanding its steel production from 8.6 to 18.0 million tons per annum in the Hazira plant. The U.S. is one of the largest steel producers in the world. Its production reached 86.0 million tons in 2021, up by 18.3% from 2020. The rise in production is on account of increasing investments toward infrastructural development...

  Cladding Industry Overview The global cladding market size was estimated at USD 210.41 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. The global cladding market is expected to be driven by the increase in construction activities across the globe, coupled with the growing demand for energy-efficient buildings. The global construction industry is experiencing sluggish growth owing to the economic slowdown due to the COVID-19 crisis, which has resulted in poor investor confidence and a decline in construction activities, as a result, the cladding market also experienced a major setback. However, the market is expected to witness moderate growth in the coming years with the gradual economic recovery and improved business confidence. COVID-19 had a significant and negative influence on the U.S. construction sector. The restrictions imposed by the government to contain the spread and effect of the virus have hampered ...

  Polycarbonate Industry Overview The global polycarbonate market size was valued at USD 21.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The resin finds applications across a wide range of industries, including automotive & transportation, construction, packaging, consumer goods, and medical devices. In the recent past, the industry has experienced tremendous demand from automotive manufacturers as a result of regulations favoring vehicular weight reduction and plastics usage. Polycarbonate resins are highly blended with other polymers such as ABS and polyester to be used in the fabrication of automotive components. Greater processability of PC resins by means of injection molding, foam molding, extrusion, and vacuum forming has enabled end-users to explore further options for the resin’s usage. Niche application areas such as safety equipment and industrial machinery are likely to gain demand in the future. G...