May 2021 ~ Chemical Industry Trends

Acrylic Surface Coating Market to Register Growth due to Expanding Construction Industry

The low levels of volatile organic compounds (VOCs) in acrylic surface coatings have led to their increasing adoption. This can be ascribed to the growing awareness about the harmful effects of VOCs, like cancer and respiratory illnesses. On account of these reasons, governments...

Asia-Pacific Pharmaceutical Fine Chemicals Market Set for Prosperity in Near Future

May 31, 2021Pharmaceutical Fine Chemicals Industry, Pharmaceutical Fine Chemicals Market, Pharmaceutical Fine Chemicals Market Forecast, Pharmaceutical Fine Chemicals Market Growth No comments

The global pharmaceutical fine chemicals market attained a value of $100.3 billion in 2019 and is predicted to exhibit a CAGR of 6.2% from 2020 to 2030. The surging geriatric population is a key factor fueling the progress of the market. This is because the people belonging...

Why will Sales of Biocidal Products Rise Sharply in Asia-Pacific in Near Future?

May 27, 2021Biocides Industry, Biocides Market, Biocides Market Report, Biocides Market Research, Biocides Market Size No comments

Biocides refer to microorganisms or chemical substances that intend to deter, render harmless, destroy, or exert a controlling effect on any harmful organism by biological or chemical means. These compounds can act as pesticides, disinfectants, or preservatives for several end-use...

How Is Urbanization Amplifying Construction Chemical Sales?

May 27, 2021Construction Chemical, Construction Chemical Industry, Construction Chemical Market, Construction Chemical Market Demand No comments

A range of chemicals are added to concrete, cement, and other construction materials to keep everything intact and increase the strength of the final mixture. These are used in large quantities in the civil repair and construction sectors. Therefore, the surging rate of urbanization...

Why Is Aerospace Sector Increasingly Using Ceramic Matrix Composites?

May 26, 2021Ceramic Matrix Composites (CMC) Market Size, Ceramic Matrix Composites Industry, Ceramic Matrix Composites Market No comments

Ceramic matrix composites (CMCs) are being increasingly used for the production of automotive components. The rising consumption of CMCs can be owed to their low weight. In the coming years, as the demand for lightweight vehicles escalates owing to their exceptional fuel efficiency,...

Lead-Acid Batteries Sales Rising with Increasing Demand for UPSs

May 26, 2021Lead-Acid Battery, Lead-Acid Battery Industry, Lead-Acid Battery Market, Lead-Acid Battery Market Forecast, Lead-Acid Battery Market Report No comments

Around the world, the population continues to grow, which is leading to the rising demand for electricity, among almost all other things. More people and houses mean more electrical appliances in use, which is putting immense pressure on national grids. In a large number of...

Waterless and Natural Dyestuff Trending in South Asian and ASEAN Nations

May 26, 2021ASEAN Dyestuff for Textile Market, South Asia Dyestuff for Textile Market No comments

In 2014, the Indian government announced plans to set up integrated textile parks and offer financial support to small and mid-size textile companies. In the same way, Indonesia plans to generate $75 billion from textile exports by 2030 and increase its share in the worldwide...

Lightweight Automotive NVH Materials Improving Overall Ride Experience

May 24, 2021Automotive NVH Materials, Automotive NVH Materials Forecast, Automotive NVH Materials Industry, Automotive NVH Materials Market No comments

Automotive noise, vibration, and harshness (NVH) materials are substances or agents that can reduce or block NVH originating from automobile parts, such as steering wheel, engine box, accelerator, brake paddles, armrest, steering wheel, and floor and seat, of a vehicle. Automakers...

India Set to Witness Explosive Demand for Specialty Chemicals in Coming Years

May 24, 2021APAC Specialty Chemicals Industry, Asia-Pacific Specialty Chemicals Market, Specialty Chemicals Market in APAC No comments

Due to the surging population levels and the soaring consumer spending, the sales of specialty chemicals are rising sharply in Asia-Pacific. The increasing population of middle-class people, the growing disposable income of people, rapid industrialization, and the expansion...

Europe and Asia-Pacific Set to Witness Boom in Methionine Sales in Coming Years

May 23, 2021Methionine Industry, Methionine Market, Methionine Market Forecast, Methionine Market Growth, Methionine Market Share, Methionine Market Size No comments

The ballooning requirement for animal feed in the poultry industry is causing a sharp surge in the global demand for methionine. Moreover, the soaring consumption of eggs and meat is pushing up the demand for methionine across the world. Methionine helps majorly in the development...

Food and Beverage Industry Uses High Volume of Can Coatings

May 21, 2021Can Coatings, Can Coatings Industry, Can Coatings Market, Can Coatings Market Report, Can Coatings Market Research No comments

With the expansion of the food and beverage industry, the demand for can coatings is rising explosively across the world. Due to the surging disposable income of people, the boom in the global population, the rising public awareness about healthy eating habits, and the increasing...

India Set to Witness Boom in Paints and Coatings Sales in Coming Years

May 21, 2021APAC Paints and Coatings Industry, APAC Paints and Coatings Market, Asia-Pacific Paints and Coatings Industry, Asia-Pacific Paints and Coatings Market No comments

Paints and coatings are extensively used in vehicles for aesthetic and protection purposes. Several types of paints and coatings materials are applied on various vehicle components and also over the body of the automobile in order to improve its efficiency, resistance to various...

Why Are Indonesian Manufacturers Showing High Preference for Digital Coding and Marking Systems?

May 20, 2021Coding and Marking Systems, Coding and Marking Systems in Indonesia, Indonesia Coding Systems Market, Indonesia Marking Systems Market No comments

Coding and marking requirements in the manufacturing and processing sector of Indonesia were traditionally met with the use of analog technologies. However, in recent years, manufacturers here have shifted to digital coding and marking solutions owing to the increasing complexities...

Why Are Ethanolamines Being Used as Surfactants?

May 20, 2021Ethanolamines Market, Ethanolamines Market Demand, Ethanolamines Market Growth, Ethanolamines Market Share, Ethanolamines Market Size No comments

With the boom in the demand for surfactants, the sales of ethanolamines are surging sharply across the globe. This is because these compounds are extensively used as surfactants and emulsifying ingredients in various personal care products such as shampoos, laundry detergents,...

Antioxidants of Palm Methyl Esters Enhancing Quality of Cosmetic Products

May 20, 2021 No comments

Palm oil is a vegetable oil that is converted to biodiesel through transesterification process utilizing methanol as a catalyst. As palm methyl ester derivatives are bi-based products, their demand in applications such as solvents, personal care products and cosmetics, soaps...

Why Is Chloromethanes Consumption Rising in Chemical Industry?

May 18, 2021Chloromethanes Industry, Chloromethanes Market, Chloromethanes Market Report, Chloromethanes Market Share, Chloromethanes Market Size No comments

Chloromethane is used as a raw material for manufacturing industrial solvents that are processed for the production of dimethyldichlorosilane, which serves as a precursor to silicones. These silicones are used in the production of lubricants, medicine, sealants, cooking utensils,...

Increasing Oil and Gas E&P Activities Fueling Global Demand for Well Cementing

May 18, 2021Demand for Well Cementing, Well Cementing, Well Cementing Industry, Well Cementing Market, Well Cementing Market Growth No comments

With the surge in exploration and production (E&P) activities in both unconventional and conventional oil and gas reserves, the demand for well cementing is growing rapidly all over the world. Moreover, because of the recovery of crude oil prices, the oil and gas industry...

How is Manufacturing Sector Fueling Surge of Indian Metal Bonding Adhesives Industry?

May 18, 2021India Metal Bonding Adhesives Industry, India Metal Bonding Adhesives Market, India Metal Bonding Adhesives Market Forecast, India Metal Bonding Adhesives Market Growth No comments

The rapid advancement in the manufacturing sector is causing a steep rise in the sales of metal bonding adhesives in India. As per the India Brand Equity Foundation, the country’s manufacturing sector rose to $91.2 billion in valuation from April 2000 to June 2019, mainly because...

Increasing Number of Onshore Oilfields Fueling Sales of Pump Jacks

May 17, 2021Pump Jack Industry, Pump Jack Market, Pump Jack Market Demand, Pump Jack Market Forecast, Pump Jack Market Growth No comments

With the surge in the number of mature oilfields around the world, the demand for pump jacks is growing rapidly, especially in the petroleum industry. A majority of these oilfields have already reached their saturation points and therefore, produce very less oil. As these wells...

Demand for Tobacco Packaging Growing due to Increased Consumption of Cigarettes

May 17, 2021Global Tobacco Packaging, Tobacco Packaging, Tobacco Packaging Industry, Tobacco Packaging Market, Tobacco Packaging Market Report, Tobacco Packaging Market Research No comments

According to a report by P&S Intelligence, the global market for tobacco packaging attained a value of $19,134.6 million in 2019, and it is predicted to progress at a 3.7% CAGR during the forecast period (2020–2030). The market is growing due to the rising adoption of tobacco...

Single-Cylinder Pumpsets Helping Drive Agricultural Productivity in India

May 13, 2021India Single-Cylinder Pumpset Industry, India Single-Cylinder Pumpset Market, India Single-Cylinder Pumpset Market Growth, India Single-Cylinder Pumpset Market Report No comments

The population of India, which is already the second-highest in the world, rose to 1.36 billion in 2019 from 1.35 billion in 2018, and it will further increase to 1.7 billion by 2050, says the United Nations (UN). This is putting immense pressure on the agrarian community to...

Over 7% CAGR Predicted in Global Graphite Market During 2020–2030

May 13, 2021Graphite Market, Graphite Market Demand, Graphite Market Report, Graphite Market Share, Graphite Market Size No comments

The global graphite market is predicted to witness a 7.4% CAGR between 2020 and 2030 to reach $36,889.1 million in 2030 from $19,092.9 million in 2019. This would be a result of the increasing demand for lithium-ion batteries, which is itself a result of the rising sales of...

Northern India Expected to Witness Boom in Indian Aerosol Market in Coming Years

May 13, 2021Indian aerosol market, Indian aerosol market forecast, Indian aerosol market growth, Indian aerosol market share, Indian aerosol market size No comments

The Indian aerosol market reached a valuation of $526.28 million in 2019 and is predicted to generate a revenue of $891.13 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 6.0%...

Why will Antimicrobial Additives Market Exhibit Lucrative Growth in Asia-Pacific in Future?

May 13, 2021Antimicrobial Additives Growth, Antimicrobial Additives Industry, Antimicrobial Additives Market, Antimicrobial Additives Market Growth No comments

The antimicrobial additives market stood at $1,753.2 million in 2019, and it is projected to reach $3,784.3 million by 2030, displaying a CAGR of 7.4% during the forecast period (2020–2030). This market thrives on the escalating threat of bio-resistance in patients owing to...

Why Are Paints and Coatings Manufacturers Using Crotonic Acid-Based Thickener?

May 13, 2021Crotonic Acid Market, Crotonic Acid Market Demand, Crotonic Acid Market Forecast, Crotonic Acid Market Growth, Crotonic Acid Market Size No comments

Crotonic acid is one of the prime ingredients used in the production of paints and coatings, due to its ability to form copolymers when combined with other chemical compounds. Moreover, when crotonic acid monomer is copolymerized with other compounds, it leads to the formulation...

How Will R&D Activities Enhancing Quality of Solar Encapsulants?

May 12, 2021Solar Encapsulant Market, Solar Encapsulant Market Demand, Solar Encapsulant Market Forecast, Solar Encapsulant Market Growth, Solar Encapsulant Market Share, Solar Encapsulant Market Size No comments

The widescale installation of photovoltaic (PV) modules, continuous research and development (R&D) in solar cell technologies, and advent of crystalline silicon solar technology are expected to drive the market for solar encapsulant at a CAGR of 28.4% during the forecast...

How Are Energy Storage Systems Reducing Burden on Fossil Fuels?

May 12, 2021Energy Storage, Energy Storage Industry, Energy Storage Market, Energy Storage Market Size No comments

The increasing focus on renewable energy sources, dipping cost of batteries, and rising international outcry over pollution caused by conventional energy sources will drive the market for energy storage at a CAGR of 3.3% during the forecast period (2020–2030). The market had...

How Will Lifestyle Changes Boost Charcoal Market Growth?

May 11, 2021Charcoal Industry, Charcoal Market, Charcoal Market Forecast, Charcoal Market Growth, Charcoal Market Report, Charcoal Market Size No comments

Rising use of charcoal in recreational cooking, soaring application of carbon product in silicon production, and surging demand for the product in water treatment plants will accelerate the charcoal market at 1.9% CAGR during the forecast period (2019–2024). At this growth rate,...