Chemical Industry - Market Research Report

The global   battery recycling market   was valued at USD 1.83 billion in 2023 and is anticipated to reach USD 17.08 billion by 2030, expanding at a robust CAGR of 37.6% from 2024 to 2030. This rapid growth is primarily driven by the accelerating adoption of electric vehicles (EVs) and the increasing deployment of renewable energy storage systems. As battery usage rises across transportation and energy sectors, the volume of end-of-life batteries is also increasing, significantly strengthening the demand for efficient and sustainable recycling solutions. Battery recycling plays a critical role in reducing environmental pollution, recovering valuable raw materials, and supporting circular economy initiatives. Governments and regulatory bodies worldwide are actively introducing policies and frameworks aimed at minimizing battery waste and encouraging recycling practices, which is further expected to support long-term market expansion. Key Market Trends & Insights Asia Pacifi...

The global   surface disinfectant market   was valued at USD 5.85 billion in 2023 and is expected to reach USD 9.49 billion by 2030, expanding at a CAGR of 7.2% from 2024 to 2030. Market growth is driven by changing lifestyles in developing economies and increasing awareness among livestock farmers regarding animal health, disease prevention, and the importance of regular disinfection practices in livestock farms. Heightened focus on hygiene and sanitation in the post-pandemic period has significantly strengthened demand for surface disinfectants worldwide. The increased consumption of cleaning agents, sanitizers, and disinfectants to control the spread of germs and viruses on frequently touched surfaces has supported sustained market expansion across residential, commercial, and institutional settings. Market Size and CAGR 2023 Market Size: USD 5.85 billion 2030 Projected Market Size: USD 9.49 billion CAGR (2024–2030): 7.2% Largest Regional Market (2023): North America Key Ma...

The global   strontium market   was valued at USD 248 million in 2023 and is expected to expand to USD 378.7 million by 2030, registering a CAGR of 6.3% from 2024 to 2030. Market growth is primarily supported by rising consumption of strontium in ceramic ferrite magnets and its increasing adoption in the medical sector for the prevention and treatment of bone-related disorders. These applications continue to strengthen demand across both industrial and healthcare end-use segments. The market’s expansion is further supported by the growing use of vibrant and colorful fireworks in entertainment and event management industries. This trend has significantly contributed to strontium consumption, particularly in pyrotechnic formulations. According to the American Pyrotechnics Association, display fireworks consumption in the U.S. reached 27.1 million lbs. in 2023, reflecting a year-over-year increase of 7%. This rise in public fireworks displays underscores the growing demand for st...

The global   sodium silicate market   was valued at USD 11.25 billion in 2022 and is expected to reach USD 15.62 billion by 2030, expanding at a CAGR of 4.2% from 2025 to 2030. Market growth is primarily supported by rising demand for sodium-based derivatives such as zeolites and precipitated silica, which are increasingly used as catalysts in bio-based and chemical processing applications. Sodium silicate serves as an important source of reactive silica and is widely consumed across multiple end-use industries, including detergents, rubber, food and beverages, and paper and pulp. The growing adoption of silica gels and silica sols in paints and coatings, plastics, and inks is further contributing to market expansion. Continuous innovation in silica-based materials is strengthening the relevance of sodium silicate in both traditional and emerging applications. Key Market Trends & Insights Asia Pacific dominated the global sodium silicate market, accounting for more than 46...

The global   smart label market   was valued at USD 39.1 billion in 2023 and is projected to reach USD 55.6 billion by 2030, expanding at a CAGR of 5.0% from 2024 to 2030. Smart labels function as responsive electronic identification devices embedded within products, enabling enhanced tracking, monitoring, and data transmission across supply chains. Smart labels are typically integrated with chips, antennas, and bonding wires that facilitate real-time tracking of assets and goods. These labels are designed to support advanced functionalities such as automated data capture, rapid identification, re-programmability, higher tolerance to environmental conditions, and reduced manual errors. Due to these advantages, smart labels are increasingly preferred over conventional barcode systems, particularly in retail, FMCG, and logistics operations. Common raw materials used in manufacturing smart labels include plastics, paper, and fibers. Key Market Trends & Insights Asia Pacific d...

The global   silane market   was valued at USD 319.39 million in 2023 and is expected to expand steadily, reaching USD 465.66 million by 2030. This growth reflects a compound annual growth rate of 5.7% from 2024 to 2030. Market expansion is primarily supported by the rising adoption of silane in construction and infrastructure development, along with its growing importance in the electronics and semiconductor industries. Silane is widely used as a coupling agent, adhesion promoter, crosslinker, and surface modifier across multiple end-use industries. Its ability to enhance bonding performance and durability makes it a critical component in applications such as paints and coatings, adhesives and sealants, plastics, rubber, and advanced electronics manufacturing. Key Market Trends & Insights Asia Pacific emerged as the leading regional market, accounting for 49.3% of global revenue in 2023. China dominated the regional landscape, supported by large-scale construction activit...