Chemical Industry - Market Research Report

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...

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...

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...

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 ...

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...

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...

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...

The global   metal injection molding (MIM) market   size was valued at USD 5.07 billion in 2023 and is projected to reach USD 11.09 billion by 2030, expanding at a CAGR of 11.6% from 2024 to 2030. The growing preference for MIM among manufacturers is driven by its ability to minimize material wastage, reduce finishing operations, and produce unlimited components with enhanced mechanical properties. MIM offers a cost-effective alternative to conventional fabrication methods by reducing raw material consumption, labor requirements, and inventory costs. Its applications are expanding across industries due to its efficiency, accuracy, and ability to manufacture complex geometries. The automotive sector is increasingly adopting MIM for lightweight components that improve vehicle performance and fuel efficiency. In healthcare, MIM is being utilized for surgical instruments, implants, and dental parts due to its precision and biocompatibility. Furthermore, the process reduces product...

The global   nickel mining market   was valued at USD 90.57 billion in 2024 and is projected to reach USD 105.82 billion by 2033, growing at a CAGR of 2.0% from 2025 to 2033. This growth is primarily driven by rising demand from the stainless steel industry. Nickel plays a crucial role as an alloying element, enhancing the strength, corrosion resistance, and heat tolerance of stainless steel. As industrialization accelerates in developing regions—particularly in Asia Pacific and Latin America—the construction and infrastructure sectors are expanding rapidly. This trend fuels stainless steel consumption, thereby ensuring a steady demand for nickel from mining operations. The metal is also indispensable in the production of lithium-ion batteries, especially high-nickel chemistries such as NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum), known for their higher energy density and extended range. The accelerating adoption of electric vehicles (EVs), driven by stringe...

The global   monosodium glutamate (MSG) market   was valued at USD 5.89 billion in 2024 and is anticipated to reach USD 7.58 billion by 2030, registering a CAGR of 4.4% between 2025 and 2030. Market expansion is primarily driven by increasing urbanization, the rising consumption of processed and ready-to-eat foods, and MSG’s ability to impart a strong umami flavor at a relatively low cost. The rapid growth of Asia’s middle class and changing dietary habits have further boosted demand, with countries like China, Thailand, and Vietnam leading consumption across household and industrial applications. The widespread presence of MSG in global foodservice chains and packaged snack products continues to fuel its market momentum. However, growing health concerns regarding MSG consumption remain a notable restraint. Research has linked excessive intake to metabolic issues such as obesity, diabetes mellitus, hypertension, and even cancer initiation, through mechanisms involving oxidativ...