Chemical Industry - Market Research Report

  The global heat transfer fluids market size is projected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% during the forecast period. The growing demand from the manufacturing and energy sectors is expected to drive the global market. Thermal oils are typically formulated from petrochemicals and mineral oils, which eventually harm the environment in terms of recyclability, biodegradability, and aqueous toxicity. Due to multiple strict regulations laid down by governments across the globe, the growth of heat transfer fluids (HTFs) has taken a hit. Major innovators in the field are trying to bring imminent changes in the production process, such as the usage of bio-based products, increased extraction efficiency, and enhanced solvent recovery. The COVID-19 pandemic caused serious disruption in businesses and supply chains. The decrease in supply and demand for oil & gas, especially in North America and Europe,...

  The global bioresorbable polymers market size is anticipated to reach USD 3.63 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to propel at a CAGR of 13.8% over the forecast period. The increasing volume of surgical procedures, growing geriatric population, increasing prevalence of chronic diseases, technological advancements, evolved decontamination devices, and innovations in plastics are boosting the product demand. Bioresorbable polymers, including polylactic acid (PLA), polyglycolic acid, polysaccharides, and polycaprolactone, are produced using feedstock sourced from a range of natural materials. These materials encompass vegetable oils extracted from castor, soybean, rapeseed, residual heat by-products, sunflower, corn fiber, waste from food processing, plant stems, paper mill sludge, potatoes, corn, leaves, and livestock waste, among others. The bio-based content within the polymer varies depending on the specific feedstock used in ...

  The global waterborne coatings market size is expected to reach USD 89.35 billion by 2030, registering a CAGR of 5.6% over the forecast period, as per the new report by Grand View Research, Inc. The growth is attributed to the rapid increase in construction activities across the globe. In addition, the growing demand for automobiles is also a major factor influencing product demand. Rapid urbanization is considered a key factor responsible for the growth of the market. Rising migration to tier-2 and tier-1 cities are creating lucrative growth opportunities for the construction and automobile industries globally. Increasing utilization of waterborne coatings in such applications is likely to propel the market growth over the foreseeable future. The architectural application segment is expected to have high penetration due to increasing construction & infrastructure activities in Asia Pacific and the Middle East. Increasing application scope in the architectural industry, such ...

  The global chromatography resin market size is expected to reach USD 3.94 billion by 2030 and expand at a CAGR of 6.8% according to a new report by Grand View Research, Inc. The growth is majorly driven by constantly increasing need for drug development activities for the production of biopharma and biological products for diagnostics. Chromatography technique is used in therapeutic drug monitoring, which is used when a patient is on toxic medication to analyze the blood and urine levels. Tests such as blood, urine, stool, and umbilical cord on a regular basis are beneficial to ensure that the patient is taking an appropriate dose of medication. These technique helps companies develop and manufacture biological pharmaceutical tools to achieve safety and quality of active ingredients. In North America, the pharmaceutical industry has been advancing for years and has grown at a faster rate, resulting in booming demand for ion exchange chromatography resin. Additionally, high health...

The global antimicrobial additives market size is expected to reach USD 5.63 billion by 2030, registering a CAGR of 9.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella. The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the COVID-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of COVID-19 will positively impact the market growth. The Asia Pacific is expected to dominate the global market due to the presence o...

The global beta glucan market size is expected to reach USD 1,055.4 million by 2030, registering a CAGR of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of its increased application in industries, including nutraceutical, functional food and pharmaceutical. The consumers in the industry lay high emphasis on the source of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, packaging, and transportation of the product. Manufacturers are inclined toward use of innovative extraction methods such as AME, dry fractionation to increase the concentration of bioactive ingredients in the extract in an attempt to increase the customer base. Rising number of groceries, retail stores, and supe...

  The global textile recycling market size is expected to reach USD 5,962.7 million by 2030, expanding at a CAGR of 3.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as the growing demand for recycled products coupled with rising environmental awareness regarding textile disposal are expected to boost the demand for textile recycling during the forecast period. According to the Centre for the Promotion of Imports from Developing Countries (CBI), the global textile industry was valued at USD 904.13 billion in the year 2021, which includes clothing as well as furniture, mattress material, linens, drapes, cleaning materials, and recreational equipment, among other products. Globally, nearly 80 billion pieces of clothing are made annually. The average person purchases 60% more articles of clothes annually and uses them for around half as long as they did fifteen years ago, generating enormous amounts of textile waste. These aforementioned facto...

The global 3D printing plastics market size is expected to reach USD 4.39 billion by 2030, registering to grow at a CAGR of 24.2% from 2024 to 2030 according to a new report by Grand View Research, Inc. The market is projected to witness substantial growth due to rising demand from various end-use industries such as medical, automotive, aerospace and defense, and consumer goods. Properties such as clarity in the image, high durability, high impact resistance, excellent UV and temperature resistant, sliding friction, high chemical resistance, rigidity, and dimensional stability are significantly fueling the demand for 3D printing plastics in the above-mentioned end-use industries across the globe. 3D printed products assist significantly in attaining economies of scale through the consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allow easier customization as per the consumers’ needs. Thus, attracting favorable government regulations across various en...

The global naphthalene market size was valued at USD 1,588.1 million in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2030. This growth is largely driven by the increasing demand for naphthalene in the construction industry, particularly as a plasticizer in concrete admixtures like naphthalene sulfonate formaldehyde. Demand Drivers The market is witnessing significant growth due to its widespread applications, such as: Mothballs, Surfactants, and Pesticides: Naphthalene’s ability to sublimate (convert directly from a solid to a gas) at room temperature produces fumes that repel moths and other insects, protecting clothing and fabrics. This functionality has fueled demand for products containing naphthalene. Industrial Uses: Naphthalene serves as a raw material for producing chemical intermediates like phthalic anhydride and anthraquinone tetracarboxylic acid, used in various industries. Gather more insights about the market drivers, restrains and growth of the  Globa...

In 2023, the global hydroponics market was valued at USD 5.00 billion and is forecasted to grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2030. This substantial growth is primarily due to the increasing use of hydroponic systems for indoor vegetable cultivation and the rising adoption of alternative farming techniques for growing cannabis. The growing acceptance of cannabis cultivation is largely driven by the legalization of marijuana in countries like Canada, the Czech Republic, and South Africa. Additionally, heightened consumer awareness of the harmful effects of pesticides and artificial ripening agents on health is spurring demand for hydroponics, as this farming technique eliminates the need for such substances, enabling the production of more nutritious vegetables. The relatively low installation costs and operational simplicity of hydroponic systems further contribute to their adoption. Hydroponic farming involves cultivating plants without traditional soil...

The global plastics market was valued at approximately USD 624.8 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This growth is largely driven by the increasing replacement of traditional materials like glass, metals, wood, and natural rubber with plastics. The plastic resins market, being one of the most heavily regulated globally, consists of numerous players offering a wide range of resins. These include materials such as polystyrene (PS), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polypropylene (PP), polybutylene terephthalate (PBT), polyphenylene oxide (PPO), polyurethane (PU), polyether ether ketone (PEEK), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polycarbonate (PC), polysulfone (PSU), polyamide (PA), and polyphenylsulfone (PPSU). Polypropylene, a widely used resin, finds applications in industries such as packaging, automotive, toys, and industrial components due to its favorable proper...

  The global oleochemicals market, valued at USD 24.42 billion in 2023, is anticipated to grow at a CAGR of 7.0% from 2024 to 2030. This optimistic growth projection is driven by the increasing preference for biodegradable products and regulatory restrictions on petrochemical-based alternatives. Oleochemicals are derived from fats and oils, sourced from plants, animals, or petrochemicals. Their production involves chemical or enzymatic reactions. A major market shift has occurred due to fluctuating crude oil prices, leading to the adoption of vegetable oils like palm and palm kernel oil as primary feedstocks. The market benefits from abundant raw material availability, low toxicity, and a green image, which are attractive to eco-conscious consumers. The rising demand for personal care, pharmaceutical, and food products has further bolstered the market. Personal care products, in particular, are experiencing growth due to increased disposable incomes, innovative product launches, an...