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Neodymium Market Strengthened by Rising Adoption in Automotive Industry

The global   neodymium market   size was estimated at USD 5.28 billion in 2024 and is projected to reach USD 7.30 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. The neodymium industry is experiencing significant growth, primarily fueled by the rising demand for permanent magnets across multiple industries. Neodymium magnets, also known as NdFeB magnets, are the strongest rare-earth magnets available and play a vital role in a wide range of high-performance applications. Their exceptional magnetic strength and compact size make them indispensable in electric motors, wind turbines, and consumer electronics. With the global shift toward energy-efficient and compact technologies, the reliance on neodymium-based components has risen substantially. Owing to their superior strength and efficiency, neodymium magnets are crucial in modern electric motors, wind turbines, and electronics. In March 2024, LG Innotek announced an expansion of its neodymium magnet production t...
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Natural Stone Market Demand Soars with Growth in Commercial Buildings

The global   natural stone market   size was estimated at USD 10.17 billion in 2024 and is projected to reach USD 14.11 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030. The increasing demand for aesthetically appealing and durable building materials in residential and commercial construction is driving market growth. Natural stones such as marble, granite, limestone, and sandstone are widely preferred for their distinctive textures, patterns, and long-lasting durability. With rising real estate development, particularly in emerging economies, there is a growing demand for premium natural stone applications, including flooring, countertops, wall cladding, and outdoor landscaping. Luxury residential projects, in particular, are increasingly adopting natural stone due to its timeless beauty and its ability to enhance property value. Another major factor fueling market expansion is the rising use of natural stone in infrastructure projects. Governments across the glob...
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Mulching Materials Market Expands with Innovations in Biodegradable Solutions

The global   mulching materials market   size was valued at USD 3.89 billion in 2023 and is expected to reach USD 6.57 billion by 2030, expanding at a CAGR of 7.8% from 2024 to 2030. Market growth is largely driven by the rising emphasis on sustainable agricultural practices and environmental conservation. Mulching plays a vital role in agriculture by supporting moisture retention, regulating soil temperature, and controlling weed growth, all of which contribute to improved crop yield, particularly in regions with water scarcity. The adoption of organic farming practices has further fueled demand for natural mulching materials such as straw, wood chips, and compost. In addition, the growing popularity of home gardening and landscaping has boosted the use of mulching materials in residential settings. The market is witnessing a clear shift toward biodegradable and eco-friendly mulching solutions as both consumers and industries move toward sustainability. The agricultural secto...
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Modified Epoxy Resin Market Benefits from Increasing Electronic Applications

The global   modified epoxy resin market   size was valued at USD 22,794.00 million in 2024 and is projected to reach USD 32.37 billion by 2030, expanding at a CAGR of 6.2% from 2025 to 2030. Market growth is primarily driven by the rising demand for high-performance coatings in construction and infrastructure projects, as these resins deliver superior durability, corrosion resistance, and weather protection. The modified epoxy resin industry is experiencing strong momentum, with a growing emphasis on sustainable and high-performance solutions. Manufacturers are increasingly developing bio-based and low-VOC epoxy resins to meet environmental standards while ensuring durability, adhesion, and chemical resistance. Advancements in nanotechnology are enabling epoxy resins with enhanced thermal and mechanical performance, particularly beneficial in aerospace, automotive, and high-performance coatings. At the same time, the electrical and electronics industry is emerging as a major ...
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Microspheres Market Supported by Strong Demand in Oil and Gas Operations

The global   microspheres market   size was valued at USD 6.85 billion in 2023 and is projected to reach USD 11.24 billion by 2030, expanding at a CAGR of 5.7% from 2024 to 2030. The market’s growth is driven by the increasing use of microspheres across industries such as healthcare, construction, paints & coatings, and cosmetics. The growing adoption of microspheres in the medical sector is fueling demand due to their application in advanced drug delivery systems. Rising utilization in biopharmaceuticals, cancer treatment, and tissue engineering is expected to further drive market expansion. In construction and automotive industries, the demand for paints and coatings has surged. Microspheres improve coating performance by enhancing solid content, ensuring smooth application, aiding in weight reduction, and enabling faster drying times. Their cost-effectiveness and performance benefits are key drivers in these sectors. In cosmetics, microspheres play a crucial role in imp...
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Metallurgical Coke Market Increasing Role in Blast Furnace Operations

The global   metallurgical coke market   was valued at USD 346.15 billion in 2023 and is anticipated to reach USD 534.56 billion by 2030, expanding at a CAGR of 6.7% from 2024 to 2030. Increasing steel production remains the primary driver of demand for metallurgical coke throughout the forecast period. Metallurgical coke (metcoke) plays a critical role in oxygen blast furnace steelmaking. It provides the required heat energy to melt iron ore and acts as a reducing agent to yield pure iron. Produced at temperatures between 1000–1100 °C from low-sulfur and low-ash coking coal, metcoke remains indispensable to large-scale steel production. In the U.S., demand for metallurgical coke is driven by steel production. According to the World Steel Association, the U.S. ranked fourth globally in crude steel production, reaching 80.7 million tons in 2023 compared to 80.5 million tons in 2022. The U.S. also stands as the largest producer and exporter of coal products. As per the U.S. Ener...
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Metallic Stearates Market Driven by Growing Demand in Paints and Inks

The global   metallic stearates market   size was valued at USD 4.69 billion in 2024 and is projected to reach USD 5.85 billion by 2030, registering a CAGR of 3.7% from 2025 to 2030. The market’s growth is driven by its extensive applications across industries such as plastics, rubber, pharmaceuticals, cosmetics, and construction. Metallic stearates serve critical roles as lubricants, release agents, and stabilizers in manufacturing processes. Their versatility enhances efficiency, consistency, and quality in production, reinforcing their essential role across multiple industrial applications. The rising demand for plastic products has accelerated the use of metallic stearates as processing aids to improve surface texture and optimize production yields. Similarly, the increasing consumer demand for cosmetics and personal care products has fueled their usage as thickening agents and lubricants in formulations, enhancing product performance and meeting evolving quality standards...
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