Chemical Industry - Market Research Report

  Liquefied Natural Gas Industry Overview The global liquefied natural gas market size was valued at USD 109.48 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030. The growing demand for electric power through clean energy sources is likely to propel market growth over the coming years. A growing focus on projects related to distributed power & utility is anticipated to bolster the market growth over the next eight years. The projected growth in natural gas in the power generation business is also likely to create more demand for liquefied natural gas (LNG) across various countries. Coal is the major source of generating electricity worldwide; however, considering the degradation of coal reserves and its adverse environmental impact, there has been a rise in the use of natural gas and other renewable sources of energy for the production of electricity. The country has a diverse energy mix, wherein natural gas accounts for t

  Eubiotics Industry Overview The global eubiotics market size was valued at USD 4.6 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. The demand for the product is anticipated to be driven by favorable regulatory scenarios banning the usage of antibiotics and growing meat consumption across the globe. The market experiences high competition with well-established and long-term operating players enjoying major market share. Companies are heavily investing in R&D activities to develop sustainable technologies for manufacturing cost-effective and affordable products. The lack of an adequate number of players in several countries specifically in the Middle East opens ample opportunities for new players to enter and gain a strong foothold in the market. Eubiotics are manufactured and are distributed either through feed mills, pre-mixers, or specific distributors. The companies involved in manufacturing eubiotics either sell

  Disposable Gloves Industry Overview The global disposable gloves market size was estimated at USD 12,306.0 million in 2022 and is projected to grow at a compounded annual growth rate (CAGR) of 3.9% from 2023 to 2030. The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing COVID-19 pandemic, along with rising awareness about healthcare-associated infections, is expected to drive the market growth. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both private and public sectors along with rising population, the high influx of migrants, and the growing geriatric population. Furthermore, rising healthcare expenditure is projected to drive the growth of the healthcare sector, which, in turn, is estimated to augment the demand for disposable gloves. The presence of sophisticated healthcare infrastructure, higher disposable income le

  Metal Magnesium Industry Overview The global metal magnesium market size was valued at USD 4.39 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. The market growth is anticipated to be driven by the increasing product demand from die casting and aluminum alloy applications in various end-use industries. Magnesium is ideal for these applications due to its good electromagnetic screening property and heat conductivity. It also adds strength to aluminum, which is widely used for these applications. Furthermore, the rising demand for lightweight components, mainly in the automotive and aerospace sectors, is anticipated to augment the market growth over the forecast period. The U.S. is one of the dominant aerospace manufacturers with established players, such as Boeing, Lockheed Martin, and United Technologies. As per the Bureau of Transportation Statistics, the U.S. recorded 1,551 aircraft deliveries in 2020 compared to 1,771 del

  Antimicrobial Coatings Industry Overview The global antimicrobial coatings market size was valued at USD 9.0 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2022 to 2030. Growing concern regarding cleanliness in various professional industries has led to the rapid development of this industry. These are used to protect surfaces against micro-organisms, which primarily include parasites, germs, bacteria, and unwanted micro-organisms. Amid the global COVID-19 pandemic, the demand for various pharmaceutical products, disinfectants, and sanitizers has increased. This, in turn, is driving the demand for antimicrobial coatings in medical devices application. However, the segment is expected to grow at a higher rate than the sanitary facilities and kitchen and air conditioning and ventilation systems application segment. Rising concerns regarding Hospital-acquired Infections(HAIs) are also boosting the overall industry growth. Doctors prefer a

  Plastic Resins Industry Overview The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical & electronics sectors is the key factor driving the market growth. The rapidly developing global automotive industry is expected to trigger the product demand in applications such as under-the-hood components, exteriors, and interiors of automobiles. The increasing application of resins in the automotive industry is spurred by the demand for lightweight and inexpensive multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort. The product consumption is also expected to increase in the healthcare sector owing to the growing production of Personal Protective Equipment (PPE), such as face masks, face shields, medical gowns, and various medical devices, due to the rising cas

  Industrial & Institutional Cleaning Chemicals Industry Overview The global industrial & institutional cleaning chemicals market size was valued at USD 66.5 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2030. Growing utilization of industrial & institutional cleaning chemicals in the healthcare and cleaning chemicals industries is driving the market growth. The recent occurrence of the pandemic has raised safety and hygiene concerns, which have led to an increase in the consumption of cleaning chemicals across the globe and furthered the growth of the global industrial & institutional cleaning chemicals market. Additionally, the manufacturers are venturing into the production of sustainable and environment-friendly cleaning solutions. This is a step toward sustainable development of the industry. This segment has a lot of untapped potential as people are choosing environmentally friendly products to reduce t

  White Oil Industry Overview The global white oil market size was valued at USD 2.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. The demand for the product is anticipated to be driven by the increased demand for the product in the personal care and pharmaceutical industries. Globally, rising product demand from medicinal and cosmetics applications is expected to be a major driver in the market. White oils are mineral oils that have been purified to be pure, stable, colorless, odorless, and non-toxic. The product is a highly refined and colorless mineral oil made from the paraffinic crude feedstock. It has a variety of performance characteristics, including good hydrophobicity, low odor and taste, and bio-stability, making it suitable for a wide range of applications. The product also has a low aromatic and Sulphur content, making it ideal for blending with other oils to improve end-product finishing. The main product gr

  Bauxite Industry Overview The global bauxite market size was valued at USD 15.59 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 1.7% from 2022 to 2030. The favorable government policies for electric vehicles (EV) and rising investment in the production of lightweight vehicles are anticipated to propel the demand for aluminum. This trend is likely to prove fruitful for the growth of the bauxite industry in the forecast period. For instance, in February 2022, Volvo Cars decided to invest in aluminum mega casting in its Torslanda manufacturing plant, Sweden. The investment is worth USD 1.1 billion and the mega casting makes the production process less complex and it reduces the overall environmental footprint. The U.S. holds the largest share of the North American bauxite market. The growth in aluminum and cement production is expected to benefit market growth. According to the Aluminum Association, in the U.S., the amount of aluminum is expected

  Disposable Medical Gloves Industry Overview The global disposable medical gloves market size was estimated at USD 9.85 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. The growing demand for safety and security at healthcare workplaces, rising healthcare expenditure, and the resurgence of the COVID-19 pandemic, are expected to have a positive impact on industry growth. The resurgence of the COVID-19 pandemic in countries, such as China, Germany, France, Italy, and Belgium, is expected to increase testing, surveillance, and hospital visits, which will boost the product demand. Furthermore, the pandemic had boosted the demand for disposable medical gloves and strained the supply chain, which prompted manufacturers to boost their production capacities to meet the growing demand. The market in the U.S. is undergoing a transition owing to the COVID-19 pandemic. The rising prevalence of chronic diseases has increased the number

  Chromatography Resin Industry Overview The global chromatography resin market size was valued at USD 1.90 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. The growth in this market is attributable to the rising demand for the chromatography technique from pharmaceutical, chemical, food & beverage, and other industries. High R&D investments in the industry have propelled the development of several products, resulting in the improved productivity as compared to conventional products. Chromatography resin is one of the notable examples of the evolving industry dynamics. It has gained a considerable market share in recent years across several end-use industries owing to its high accuracy and ease of use. The U.S. is expected to remain a major consumer in the industry as most of the pharmaceutical companies are based in the U.S. This region has seen strong growth due to focused government spending on research and devel

  Window Film Industry Overview The global window film market size was estimated at USD 10.59 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022-to 2030. Increasing demand for energy-efficient window film is expected to propel market growth during the forecast period. Window films are widely utilized for energy efficiency in heating and cooling purpose in residential and commercial applications commonly in vehicles and windows. According to the U.S. Department of Energy, window film facilitates the average consumption of 30% of heat loss that occurs through windows and doors in homes. Improvement in window films facilitates reduction in solar heat gain & winter heat loss in commercial & residential buildings is expected to provide sustainable growth during the forecast years. Building Energy Management Systems (BEMS) is used to effectively conserve energy and improve energy efficiency by creating a stable and sustainable environment in

  Bioplastics Industry Overview The global bioplastics market size was valued at USD 10.2 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 17.1% from 2022 to 2030. An increase in awareness regarding health issues coupled with an increasing population in emerging markets of Asia Pacific is expected to benefit end-use industries, resulting in increased demand for bioplastics over the forecast period. The market is moderately concentrated with the presence of various major players such as BASF SE, NatureWorks LLC, PTT MCC Biochem Co., Ltd., Total Corbion PLA, and Biome Technologies plc along with some small- and medium-sized global and regional players. The U.S. bioplastics market is expected to rise significantly over the forecast period on account of the growing demand for bio-based packaging in the food and consumer goods sectors. Bio bags and bio-based plastics have higher tensile strength and are eco-friendly. As a result, the demand for bioplasti

  Precision Guided Munition Industry Overview The global precision guided munition market size was estimated at USD 33.67 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. Enhancements in military operations and the adoption of advanced war techniques are anticipated to support the market growth in the projected time. Moreover, security measures across the globe are likely to increase the penetration of precision-guided munition. Political and territorial conflicts between major economies have increased the precautionary measures for tactical and military operations. Defense systems in the major economies are focusing on the procurement of advanced war equipment with precise operations. Thus, are likely to have a positive impact on the market over the forecast period. In the U.S., the market stood at USD 5.33 billion in 2021 and is anticipated to accelerate at a significant growth rate during the estimated period. Ongoing confl