Chemical Industry - Market Research Report

The global   heat transfer fluids market   size was estimated at USD 11.1 billion in 2023 and is projected to reach USD 14.22 billion by 2030, expanding at a CAGR of 3.7% from 2024 to 2030. One of the primary drivers of this growth is the rapid global adoption of concentrated solar power (CSP) systems. Heat transfer fluids (HTFs), derived mainly from petroleum-based sources, play a vital role in preventing overheating and storing thermal energy across a range of industrial applications. Key Market Trends & Insights Asia Pacific dominated the global market in 2023, accounting for 47.9% of total share. By product type, glycol-based fluids are anticipated to grow at a CAGR of 4.1% during the forecast period. By application segment, oil & gas remained the leading category with a 22.2% revenue share in 2023. Market Size & Forecast 2023 Market Size: USD 11.1 Billion 2030 Projected Market Size: USD 14.22 Billion CAGR (2024–2030): 3.7% Region Leader (2023): Asia Pacific Ex...

The global   aluminum extrusion market   size was estimated at USD 91.38 billion in 2024 and is projected to reach USD 146.82 billion by 2030, registering a CAGR of 8.4% from 2025 to 2030. Growing adoption of aluminum in the automotive and transportation sectors—spanning both internal combustion engine vehicles and Electric Vehicles (EVs)—is significantly driving market expansion due to its lightweight, high-strength, and energy-efficient characteristics. Key Market Trends & Insights Asia Pacific dominated the global market in 2024 with a revenue share of over 71.0%, supported by strong industrialization and robust manufacturing output. By product, the shapes segment held the largest share at 79.0% in 2024, driven by its versatile application across automotive, architectural, and industrial uses. By application, building & construction remained the leading segment, accounting for over 60.0% of global revenue in 2024, owing to the rising demand for durable, lightweight,...

The global   aerosol market   size was estimated at USD 83.29 billion in 2023 and is projected to reach USD 131.93 billion by 2030, expanding at a CAGR of 6.9% from 2024 to 2030. Growth is primarily driven by increasing demand for a wide range of consumer and industrial products, including deodorants, hair sprays, hair mousse, dry shampoos, insecticides, air fresheners, cleaning sprays, lubricants, and medical sprays. Key Market Trends & Insights Europe emerged as the largest regional market in 2023, accounting for 36.2% revenue share. The UK aerosol market is expected to grow steadily over the coming years. By material, the aluminum segment led the market with a 60.8% revenue share in 2023. By application, personal care dominated the market with the highest revenue contribution in 2023. By type, the standard aerosol segment held the leading share in 2023. Market Size & Forecast 2023 Market Size: USD 83.29 Billion 2030 Projected Market Size: USD 131.93 Billion CAGR (20...

The global   activated carbon market   size was estimated at USD 3,934.1 million in 2024 and is projected to reach USD 5,497.3 million by 2033, expanding at a CAGR of 3.8% from 2025 to 2033. Market growth is largely driven by increasing environmental regulations and growing concerns over water and air pollution across industrial, municipal, and residential applications. Key Market Trends & Insights Asia Pacific accounted for the largest revenue share at 49.0% in 2024, maintaining its position as the top regional market. China is expected to grow at a strong CAGR of 3.8% from 2025 to 2033. By type, powdered activated carbon is projected to expand at a CAGR of 4.0% during the forecast period. By application, the gas phase segment dominated with a 53.6% revenue share in 2024. By end use, water treatment held the largest share at 42.5% in 2024. Market Size & Forecast 2024 Market Size: USD 3,934.1 Million 2033 Projected Market Size: USD 5,497.3 Million CAGR (2025–2033): 3.8...

The global   immunoassay market   size was valued at USD 26.83 billion in 2024 and is expected to reach USD 35.10 billion by 2030, expanding at a CAGR of 4.59% from 2025 to 2030. Immunoassays play a pivotal role in advancing personalized medicine by identifying biomarkers that help predict a patient’s response to specific therapies, thereby enabling more precise and effective treatment strategies. Key Market Trends & Insights North America dominated the global market with a 47.43% revenue share in 2024. Asia Pacific is projected to record the fastest growth during the forecast period. By product, kits and reagents accounted for 66.10% of the market in 2024. In terms of application, infectious diseases held a 66.10% share in 2024 and are set to grow at a CAGR of 5.43% through 2030. Enzyme immunoassays led the technology segment with a 63.90% share in 2024. Market Size & Forecast 2024 Market Size: USD 26.83 Billion 2030 Market Size Projection: USD 35.10 Billion CAGR (202...

The global   lateral flow assays market   was valued at USD 9.85 billion in 2024 and is projected to reach USD 17.44 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.98% between 2025 and 2033. This growth is driven by the rising incidence of infectious diseases, ongoing technological improvements in assay design and manufacturing, and the greater adoption of rapid diagnostics in home-care and point-of-care testing. Key Market Trends & Insights In 2024, North America dominated the global lateral flow assays market, accounting for a 35.44% revenue share, with the U.S. being the leading national market. Within the product breakdown, kits and reagents led the field in 2024 with a 66.50% share of revenue. From the application standpoint, clinical testing held a dominant share of 74.33% in the same year. Regarding technique, sandwich assays accounted for 38.75% of revenue in 2024, while by end-use, hospitals and clinics claimed the largest portion at 34.90%....

The global   geosynthetics market   was valued at USD 16.52 billion in 2024 and is expected to reach USD 24.60 billion by 2030, registering a CAGR of 8.3% from 2025 to 2030. This growth is primarily fueled by accelerating infrastructure development, particularly across emerging economies. Key Market Trends & Insights The Asia Pacific region led the global geosynthetics market, accounting for 52.2% of total revenue in 2024, making it the largest regional market. In North America, the U.S. dominated regional demand during the same year. Among product types, the geotextile segment held the largest market share at 48.3% in 2024, driven by its extensive use in civil engineering, road construction, and erosion control applications. Market Size & Forecast 2024 Market Size: USD 16.52 Billion 2030 Projected Market Size: USD 24.60 Billion CAGR (2025–2030): 8.3% Leading Region (2024): Asia Pacific Advancements in geosynthetic materials and production technologies have significant...

The global   dark-fiber network market   was valued at USD 6.25 billion in 2024 and is projected to grow to USD 13.45 billion by 2030, representing a compound annual growth rate (CAGR) of 14.3% from 2025 through 2030. Key Market Trends & Insights Geographically, the Asia-Pacific region held the largest share at 28.8% in 2024. North America, led by the U.S., stands as a major growth engine thanks to early adoption of next-generation communications infrastructure. From a fiber-type perspective, the multi-mode segment dominated in 2024 with around 63.2% of global revenue. Multi-mode fibers are widely used in high-speed data transmission over shorter distances, such as video-surveillance and LAN systems, due to their cost-effectiveness, simpler installation and ability to support multiple streams. Single-mode fiber—which is more apt for long-distance transmission with lower power loss—is expected to gain traction in coming years despite higher cost. In terms of material, glass...

The global   powder metallurgy market   was valued at USD 2.96 billion in 2024 and is projected to grow to USD 10.19 billion by 2033, implying a compound annual growth rate (CAGR) of 15.1% over the 2025–2033 forecast period. The strong expansion of this market is largely due to increasing demand from the automotive sector, which continues to represent the largest end-use industry for powder metallurgy techniques. Key Market Trends & Insights In terms of regional share, North America led the market in 2024, accounting for the largest revenue share at 34.6%. The U.S. powder metallurgy market is expected to grow at an estimated CAGR of around 15.0% from 2025 through 2033. Looking at material segments, the titanium category is forecast to register the fastest CAGR of approximately 16.4% during the same period. From a process viewpoint, metal injection molding (MIM) held the largest revenue share in 2024, exceeding 47.0% of the market. With respect to applications, the medical ...

The global   paraffin wax market   size was estimated at USD 5,929.2 million in 2024 and is projected to reach USD 10,459.3 million by 2033, representing a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033. The growth is largely driven by robust demand from the candles, packaging and personal care industries. Key Market Trends & Insights Key market trends indicate that the Asia Pacific region dominated the paraffin wax market in 2024, capturing the largest revenue share of 55.0%. In North America, the U.S. remains the primary consumer within the region, supported by strong demand for paraffin wax in household candles, cosmetics and packaging materials. Looking at applications, the candles segment is expected to grow at the highest CAGR of 7.2% from 2025 to 2033, while the packaging segment held the largest revenue share of 33.1% in 2024. Market Size & Forecast With respect to market size and forecast: in 2024 the market value stood at USD 5,929.2 million, an...

The global   hydrogen generation market   was valued at USD 186.58 billion in 2024 and is projected to grow to USD 317.39 billion by 2030, representing a CAGR of 9.2% during 2025–2030. Growth is largely driven by increasing demand for cleaner fuels and stricter governmental regulations for desulphurization of petroleum products. Key Market Trends & Insights The Asia Pacific region dominated the market in 2024, accounting for over 35.34% of global revenue. China led the Asia Pacific regional market in 2024 in terms of revenue. By system type, the captive generation segment held about 64.47% of revenues in 2024. By application, the ammonia production segment led with a revenue share above 23.56% in 2024. Among technologies, coal gasification accounted for more than 29.0% of revenue in 2024. Market Size & Forecast 2024 market size: USD 186.58 billion. 2030 projected market size: USD 317.39 billion. Forecasted CAGR (2025-2030): 9.2%. Asia Pacific led in 2024, with strong c...