Chemical Industry - Market Research Report

 The global thermic fluids market size is estimated to reach USD 14.23 billion by 2030, registering to grow at a CAGR of 3.7% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing thermic fluid demand from concentrated solar power plants is expected to be a key driving factor for market demand over the next six years. Thermic fluids are used to transfer and store heat utilized for producing electricity. In addition, a positive outlook on the food and beverage market is also expected to enhance market penetration for food-grade thermic fluids. Mineral oils emerged as the leading product segment of the global market in 2024. Mineral oils were followed by aromatic-based thermic fluids, however, glycol-based thermic fluids are expected to be the fastest-growing product segment, at an estimated CAGR of 4.1% from 2024 to 2030. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids fo...

  The   China botulinum toxin type A market   size is anticipated to reach USD 3.6 billion by 2030, registering a CAGR of 18.9% during the forecast period, according to a new report by Grand View Research, Inc. Key factors driving the country’s botulinum toxin market are increasing disposable income fueling spending on medical aesthetics, diverse demand channels across genders and age groups, and the development of consumer-centric treatment modalities. The introduction of newer players within the Chinese botulinum toxin type A market paradigm shifted the market share structure; before 2020, only two products had received approval from China’s National Medical Product Administration (NMPA). However, post-2020, several established market players gained product approvals, while several others are in the pipeline. Such developments are expected to create lucrative opportunities in the market. The growing number of strategic initiatives in China is expected to impact the mark...

  The global   plating on plastics market   size is expected to reach USD  1.01 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2024 to 2030. Rising applications in automotive and electronics industry has been a major factor driving the market growth. POP involves plating a metal such as chrome, nickel and others onto a polymer substrate. It is done in order to deliver functional and decorative benefits to the resin. Plating ability has an inverse relation with the chemical resistance of the polymer substrate, which means higher the chemical resistance, the more difficult it is to plate. Thus, manufacturers prefer ABS for plating. ABS was estimated as the largest plastic category in 2023 and is expected to grow substantially over the forecast period. Other popular plastic types include ABS/PC, PBT, PEEK and others. Applications in electronics are expected to register the fastest growth over the next eight year...

  The global   carbon steel market   size is expected to reach USD 1,301.53 billion by 2030, expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Increasing investment in the construction sector on account of factors such as rising housing needs, boosting tourism, and increasing commercial space is likely to augment the demand for carbon steel over the forecast period. For instance, in August 2022, Nakheel PJSC announced a master plan vision for the Dubai islands. The plan involves the construction of five islands of 17 square kilometers by 2040. These islands are expected to have 80 resorts & hotels, cultural hubs, boutiques, dedicated public parks, and residential spaces. Such kinds of investments are expected to fuel the product demand over the coming years. Carbon steel is one of the key materials used in the construction sector on account of its strength and hardness. It is used in rectangular tubing, highway construction plates, st...

  The global   zero friction coatings market   size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture. Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automat...

  The   India reflective tapes market   size is expected to reach USD 340.5 million by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing product usage in automobiles, driveways, airports, shipyards, home appliances, and safety clothing is expected to propel the market. Specific regulations regarding the use of reflective materials for vehicles, by the Regional Transport Office (RTO), to avoid accidence is estimated to bolster the demand for the product in automotive applications. In addition, several regulations from the Indian government for enhancing safety in Indian roadways and industrial facilities is anticipated to escalate the growth of the market. Rising traffic management complications coupled with increasing number of road accidents have led the Indian government to improve country’s road infrastructures, thereby enhancing safety for both vehicles and people. Repair and maintenance are considere...

  The global   heat treated steel plates market   size is expected to exceed USD 7.9 billion by 2027, expanding at a CAGR of 3.9% over the forecast period, according to a new report by Grand View Research, Inc. Growing industrial output in China's automotive, construction, and industrial machinery industries is projected to remain one of the key factors driving the market for heat treated steel plates. Despite economic uncertainty, China’s investments in the manufacturing sector are growing at a healthy rate. As per China’s leading industry regulators, it has grown by 8.7% y-o-y basis in the first 3 quarters of 2018. Strong government policies on encouragement of private investment are likely to fuel market growth. Moreover, China’s industrial output observed 6.2% y-o-y in 2018, wherein the automotive, railway, and equipment and machinery sectors were the major contributors. Rapid growth in urbanization is projected to increase the investments in highways, railways, energ...

  The global   fluoropolymer films market   size is expected to reach USD 2.74 billion by 2030, registering a CAGR of 12.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from various application industries is a key factor driving the market growth. In addition, robust growth in the construction sector, especially in Asia Pacific is further fueling the demand over the forecast period. Fluoropolymer films are widely used in different application industries including construction, aerospace, automotive, packaging, electronics, and electrical. Furthermore, it is widely used as a raw material in the production of automobile parts, electronic components, machines, and semiconductors owing to its precipitation capabilities. In terms of revenue, polyvinylidene fluoride (PVDF) accounted as the largest type segment in 2016 and is expected to continue its trend with a CAGR of 7.6% from 2017 to 2025. It is highly non-reactive thermoplasti...

  The global   ethylene vinyl acetate copolymer market   size is anticipated to reach USD 10.58 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 1.4% over the forecast period. Rising healthcare issue, which requires prosthetics, and growing concern among consumers and various automobile manufacturing companies regarding vehicle efficiency and favorable government regulations regarding the use of lightweight durable components in automotive, medical & healthcare, and consumer goods end-use industries is expected to drive the market over the forecast period. The demand for ethylene vinyl acetate (EVA) copolymer is expected to increase majorly in the consumer goods end-use industry owing to the rise in demand for smart devices and electrical devices. In addition, the demand for smart household electronic devices, such as solar panels, alarms, and buggers, which require lightweight & thermal conductive components has incre...

  The global   electroactive polymers market   size is estimated to reach USD 4.85 billion by 2030, expanding at a CAGR of 5.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing importance of electroactive materials owing to their lightweight, good dielectric and piezoelectric properties is expected drive the market over the forecast period. Increasing use of electrostatic polymers in solar cells for reducing voltage consumption and managing the required voltage outflow is expected to favorably impact the industry in future. Inherently Conductive Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are expected to witness the fastest growth over the forecast period. Rising importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on account of providing electrical conductivity and optical clarity is expected to have a positive impact on the market. Increasing use of dispersed form of poly(3,4-ethylenedioxy...

  The global   continuous peripheral nerve block catheters market   size is expected to reach USD 402.12 million by 2030, registering a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing orthopedic surgery volumes resulting from the rising prevalence of osteoarthritis and increasing preference for ambulatory surgical centers are the key growth stimulants for the cPNB catheters market. According to the Healthcare Cost and Utilization Project (HCUP), over 546,000 total hip arthroplasty and 789,500 total knee arthroplasty procedures were performed in the U.S. in 2014. Of these, almost 70.0% of hip replacement operations are performed to relieve symptoms of osteoarthritis. This shows the potential demand for these devices in the coming years. The rate of ambulatory surgeries is escalating due to a growing number of ambulatory surgical centers (ASCs), shortened recovery time, and continued improvements in regional anesthesia techniqu...

  The global   composite concrete deck market   size is expected to reach USD 775.6 million by 2030, registering a CAGR of 6.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The composite concrete deck is a sustainable building material that offers high strength, reinforces structural integrity, and adds durability to the structures. The rising usage of composite concrete decks in multistory residential and commercial construction is expected to fuel the market’s demand. With the growing concerns related to the environment, stringent regulations by the governments have stimulated the use of sustainable building materials. Steel used as a reinforcement material in the composite concrete deck can be recycled repeatedly without affecting its inherent properties, making it a sustainable solution. Moreover, the reinforcement given by steel reduces the consumption of concrete in the construction of decking, thus reducing the overall cost. The market ...

  The global   cellulose fiber market   size is expected to reach USD 62.92 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing gap between the demand and production of natural cellulose fibers across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth. Increasing demand for eco-friendly and biodegradable fibers, especially in textile and hygiene industry is driving the cellulose fibers market. The production of synthetic or man-made fibers includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fibers entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fi...

  The global   cartoon inspired kids wear market   size is expected to reach USD 115.01 billion by 2030 , expanding at a CAGR of 7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Strong demand from the Asia Pacific region, primarily brought on by rising birth rates, is credited with driving the expansion of the worldwide market. In addition, parents are emphasizing style by following the most recent fashion styles as well as simple and practical clothing for their children. Nearly 627,110 people are employed by the toys industry in the U.S., and 95% of toy producers, retailers, and wholesalers are small companies. A survey conducted by the Toy Retailer's Association in October 2020 found that 88% of parents said that toys have been a significant factor in their ability to bond with their children and that 56% of parents have been spending more time with them. During the pandemic, the "kidult" movement was popular among adults, and companies like...

The   Brazil polyethylene terephthalate market   size is estimated to reach USD 17.7 billion by 2030, registering to grow at a CAGR of 2.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Surging demand for PET, mainly from the beverage packaging industry, is estimated to stoke the growth of the market in Brazil. The Brazil PET market is anticipated to be driven by rising applications in the food & beverages segment. The demand in this segment is particularly driven by surge in sales of premium bottled drinking water as well as juices and carbonated soft drinks. Rising personal disposable income of Brazilian consumers, due to revival of the economy, is projected to further propel the market. However, extensive availability of substitutes such as glass, metal, and other grades of plastics are poised to hinder market growth during the forecast period. Growing applications of PET in manufacturing fiber is likely to drive the market over the upcoming y...

  The global   bio-butanol market   size is expected to reach USD 29.37 billion by 2030, expanding at a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints. Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period.  Bio-butanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol. Glycol ethers are expected to grow at a CAGR of 9.7% from 2024 to 2030, in terms of revenue. Rising demand for glycol ethers on account of their var...