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Showing posts from June, 2024

Oleochemicals Market Forecast: Analyzing Future Trends and Opportunities in Renewable Chemicals

 The global oleochemicals market size is expected to reach USD 39.08 billion by 2030, expanding at 6.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand in the global markets for biopolymers. The global oleochemical industry remains robust and is largely dependent on the movement of application markets. Personal care and cosmetics take up a majority share of the market on a global scale due to increasing consumer awareness about the benefits of using personal care products and increased expenditure on cosmetic products. Seeking the opportunity, globally, several multinational brands have emerged with premium cosmetic and personal care products to capture a significant share of the market.   Access the Oleochemicals Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   Additionally, the fluctuating petrochemical prices are one of the major factors driving the

Kaolin Market to Witness Robust Expansion as Demand Surges Across Diverse Applications

 The Kaolin market has gained traction as a clay mineral across industries such as cement, paints, cosmetics, ceramics, and others. As global industries depend on crucial minerals, the kaolin market is expected to grow in the near future. According to Grand View Research, the global kaolin market was estimated at $3.98 billion in 2023 and expanding at a CAGR of 4.0% from 2024 to 2030. This growth is attributed to the rising use of kaolin-based products in various industry applications, such as paper, ceramics, paint and coatings, fiberglass, pharmaceuticals, and cosmetics.   Access the Kaolin Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   Growth Opportunities of the Kaolin Market Kaolin is used the most in rubber, paper, and plastic industries and the market is expected to grow in the upcoming years. It is a unique industrial mineral, and the paper industry uses the largest tonnage of kaolin. Moreover, Kaolin material is utilized i

Catalyst Market Gaining Momentum as Industries Seek Improved Efficiency and Reduced Environmental Impact

 Chemistry is everywhere! Catalysts are substances that alter the activation energy of chemical reactions to speed up the process, and the catalyst market is witnessing growth as it is useful in the chemical industry. The global catalyst market is driven by increased demand for chemical industry operators, who are majorly operating in sectors such as polymers, petrochemicals, refining, chemical synthesis, and others. Catalysts have played a pivotal role in shaping the modern world, and are useful for manufacturers in optimizing processes, cutting costs, improving yields, and reducing energy consumption. According to Grand View Research, the global catalyst market size was estimated at USD 31.09 billion in 2023 and is anticipated to grow at a CAGR of 4.6% from 2024 to 2030.   Access the Catalyst Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   The catalyst market is experiencing technological advancements, driving progress across a wide