Chemical Industry - Market Research Report

  The   U.S. ceramic tiles market   was valued at USD 4.22 billion in 2023 and is projected to reach USD 6.63 billion by 2030, expanding at a CAGR of 7.0% from 2024 to 2030. Ceramic tiles are extensively used in construction and interior applications such as kitchen and bathroom flooring and wall coverings. The growing trend of innovative architectural designs is expected to further boost the use of ceramic tiles within the construction industry. However, the sector continues to face challenges including infrastructural deterioration and the widespread use of low-cost materials, which compromise the integrity of concrete structures. A significant factor driving demand for ceramic tiles is the increasing number of nuclear families. According to a June 2023 report by the U.S. Census Bureau, one-person households have tripled from 1940 to 2020, with high concentrations in Minnesota, North Dakota, Nebraska, Alabama, and Mississippi. This demographic shift, coupled with high r...

  The global   paper packaging materials market   size was estimated at USD 297.0 billion in 2024 and is projected to reach USD 383.9 billion by 2030, growing at a CAGR of 4.4% from 2025 to 2030. This growth is primarily driven by increasing consumer awareness regarding sustainability, prompting a transition toward eco-friendly packaging solutions. Paper packaging, known for its biodegradable and recyclable properties, has become a preferred choice. Additionally, the expansion of e-commerce has amplified the demand for protective and efficient packaging. Continuous innovations in materials and technologies are further enhancing the usability of paper packaging across diverse applications, particularly in the food and beverage industry. Paper packaging materials include various products made from paper designed to protect and contain goods in an environmentally responsible manner. The rise in global population has intensified the need for cost-effective packaging alternati...

  The global   food wrap market   size was valued at USD 5.15 billion in 2023 and is projected to reach USD 8.45 billion by 2030, expanding at a CAGR of 7.5% from 2024 to 2030. This growth is largely driven by shifting consumer preferences toward convenience, sustainability, and food safety. Heightened awareness around eco-friendly packaging, the rapid growth of online food delivery services, and material innovations that help extend shelf life are all significant contributors to the market’s expansion. The increasing trend of on-the-go food consumption is further propelling demand for food wraps, particularly through the growing popularity of food trucks. These mobile dining solutions thrive in urban centers, festivals, and events, meeting consumer demand for quick, affordable, and portable meals. Food wraps made of materials such as aluminum foil, paper, and plastic play a critical role in preserving food quality during transport and supporting brand identity through cu...

  The global   polystyrene market   size is projected to reach USD 61.36 billion by 2030, growing at a CAGR of 3.8% from 2025 to 2030, according to a new study by Grand View Research, Inc. In recent years, the market has experienced notable growth, driven by key trends and contributing factors. A major driver has been the rising demand for polystyrene (PS) in the packaging industry. Owing to its lightweight and insulating properties, PS is widely used in food and beverage packaging. Additionally, the expansion of the e-commerce sector has further propelled the use of PS for protective packaging during product shipping, a trend expected to sustain market growth in the coming years. Another critical factor supporting the market is the growing consumer inclination toward disposable and single-use products. Items such as PS-based cutlery, cups, and food containers are favored for their cost-effectiveness and convenience. However, this shift has also sparked environmental conc...

  The global   single-use bioreactors (SUBs) market   is projected to reach USD 12.06 billion by 2030, growing at a CAGR of 17.19% from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth is primarily driven by increasing demand for biopharmaceuticals and growing investments in single-use technologies, which are propelling the adoption of SUBs across the pharmaceutical and biotechnology sectors. The COVID-19 pandemic significantly boosted the demand for single-use bioreactors. In the race to develop effective vaccines against SARS-CoV-2, many biopharmaceutical companies turned to SUBs for their scalability and efficiency. For example, in October 2020, ABEC provided six 4,000-liter single-use bioreactors to the Serum Institute of India to support large-scale, cost-effective COVID-19 vaccine production. Several factors are influencing the industry's shift toward single-use bioreactors, including product value, time-to-market, and phase-critical ...

  According to a recent report by Grand View Research, Inc., the global   engineering plastics market   is projected to reach USD 230.64 billion by 2030, expanding at a CAGR of 7.8% from 2024 to 2030. The growing use of engineering plastics in the automotive sector is primarily driven by their lightweight properties, which contribute to lower fuel consumption compared to conventional materials such as metals and rubber. Rising concerns regarding consumer safety and health across industries—including electronics, construction, healthcare, automotive, and consumer goods—are expected to further propel market demand. A major factor supporting the market's growth is the emphasis on reducing vehicle weight to lower fuel usage and cut carbon emissions, making engineering plastics an attractive alternative in automotive manufacturing. These materials are increasingly utilized in various automotive components such as engine encapsulation, dashboards, seating, exterior panels, and ...

  The global   thermoplastic elastomers (TPE) market   size is projected to reach USD 40.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The automotive industry is witnessing a notable increase in TPE usage, especially in the production of lightweight and fuel-efficient vehicles. TPEs are extensively utilized in bumpers, seals, and interior components due to their superior lightweight characteristics, flexibility, and durability. TPE adoption is also accelerating in the consumer electronics industry, driven by the growing demand for technologically advanced devices. Their flexibility, durability, and aesthetic finish make TPEs ideal for use in mobile phone cases, cables, connectors, and various electronic components. The ongoing trend toward compact and lightweight electronic devices further encourages manufacturers to use TPEs, which offer smooth surfaces, resistance to d...