Chemical Industry - Market Research Report

  The global bioplastics industry size garnered 2,470.6 kilotons in 2021 and is poised to witness an upward trajectory on the back of surging demand for environmentally friendly products, according to the " Bioplastics Industry Data Book, 2022 – 2030 ," published by Grand View Research. Investors, entrepreneurs, suppliers and other stakeholders envisage potential opportunities for bioplastics in the packaging sector. The food & beverage and consumer goods manufacturers expect eco-friendly products to be sought to minimize energy costs, waste and carbon footprint. For instance, corn starch has gained ground in surgical devices and food- packaging and –bags, prompting forward-looking companies to foster their footprint. The flourishing healthcare sector in the U.S., U.K., China and India has expedited the penetration of biopharma plastics. The prevalence of cancer has compelled industry leaders to invest in the portfolio. The WHO cited the International Agency for Research

  Thiamine Industry Overview The global thiamine market size was valued at USD 170.98 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030. The demand for the product is anticipated to be driven by its increasing usage in pharmaceutical, animal feed, and food preparation. The global market is currently dominated by companies such as DSM, Jiangsu Jubang Pharmaceutical Co., Ltd., Tianjin Zhongjin Pharmaceutical Co., Ltd. These companies strive to maintain governing position, generating the highest percentage of revenue and capturing a greater market share. The rising product demand and a smaller number of manufacturers give rise to multiple opportunities for the existing players to gain strategic and competitive advantage. Thiamine or Vitamin B1 is one of the water-soluble B vitamins, found in many food sources such as whole grains, legumes, fish, beans, meat, and nuts. It is used as a  dietary supplement  and as a medication. It

  Biodegradable Superabsorbent Materials Industry Overview The global biodegradable superabsorbent materials market size was valued at USD 130.0 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030. Rising demand for female hygiene, disposable diapers, adult incontinence products, and agriculture application segments is expected to leverage the industry expansion. Polyitaconic acid,  polyvinyl alcohol , polysaccharide, and  polyacrylamide  are significant product segments, as they are characterized by excellent absorption rates and biocompatibility, and are easily decomposable. Developed regions such as North America and Europe are characterized by moderate baby diaper demand growth over the forecast period owing to market saturation. Economies such as the U.S., Germany, and Japan are presumed to witness a slightly lower birth rate compared to developing and emerging economies. Countries such as China, India, and Brazil are presu

  Reclaimed Rubber Industry Overview The global reclaimed rubber market size was valued at USD 1.04 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. In recent years, global demand for reclaimed rubber has been driven by favorable regulations implemented by governments across the globe to promote sustainable materials as a substitute for conventional virgin rubber and the rising demand for reclaimed rubber from end-use sectors like automotive & aircraft tires, footwear, belts & hoses, retreading, and molded rubber goods manufacturing. The market has witnessed collaborations between end-users and chemical manufacturers to develop new products from used tires. For instance, as of December 2021, Ralf Bohle GmbH, a bicycle tire manufacturer, Pyrum Innovations AG, and TH Köln University entered into a collaborative partnership to develop new bicycle tires from old tires. Initiatives like these are expected to help compan

  Kaempferol Industry Overview The global kaempferol market size was valued at USD 3.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030. The demand for the product is anticipated to be driven by the increasing health and lifestyle diseases, coupled with the growing consumer awareness regarding organic and nutritional food products.  Kaempferol is a flavonoid that is extracted from plants or food products. It is a natural flavonoid having low solubility in water. It is a yellow solid crystalline flavonoid that is soluble in dimethyl sulfoxide, hot ethanol, and ethers. It has a high melting point ranging from 276 to 278 °Celsius.  The product is widely used as a key ingredient for the production of pharmaceutical drugs. Kaempferol is a secondary metabolite that is found in different plants that act as an antioxidant and helps in suppressing oxidative stress. The manufacturers are extensively focusing on the research & deve

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and chemotherapy-induced

  Cocoa Based Polyphenols Industry Overview The global cocoa based polyphenols market size was estimated at USD 82.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. Polyphenols are phytochemicals and micronutrients with antioxidant properties. These products offer several health benefits associated with the prevention of cardiovascular diseases, cancer, diabetes, neurodegenerative conditions, aging, and skin-related problems.  Polyphenols  also have an important prebiotic effect; they increase the ratio of beneficial bacteria in the gut, which is important for overall good health, weight management, and disease prevention. Polyphenols are anticipated to grow primarily in the functional food market. They can be considered functional foods as they provide various health benefits beyond basic traditional nutrition. Growing consumer awareness regarding the health benefits associated with polyphenol consumption are projected to