Chemical Market Research Reports

    Synthetic Paper Industry Overview   The global synthetic paper market size was estimated at USD 1026.9 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.5% from 2022 to 2030.   The market is expected to grow significantly due to the inclination of consumers towards eco-friendly and recycled packaging. Synthetic paper is produced from synthetic resins that are extracted from petroleum. Exceptional properties offered by the material such as resistance against tear, chemical, moisture and oil, along with better heat sealability, printability, and high strength is providing it an edge over conventional paper. It is extensively used in industries, such as packaging, food and beverages, consumer goods, transportation and pharma goods.   Gather more insights about the market drivers, restrains and growth of the   Global Synthetic Paper Market   The U.S. is one of the key markets for synthetic as the increasing awareness regarding the use of environme

  Polylactic Acid Industry Overview   The global polylactic acid market size was valued at USD 566.74 million in 2021 and is expected to advance at a compound annual growth rate (CAGR) of over 26.6% from 2022 to 2030.   Growing demand for the product is mainly driven by the end-use industries such as agriculture, transport, textile, and packaging. Compared to conventional plastics, low carbon emission producing polylactic acid is significantly boosting the demand for the product globally. Rising demand for flexible packaging is fuelling the growth of the packaging industry globally. The increasing need for packaged foods, snacks, and ready-to-eat meals, among others, is substantially propelling the growth of the packaging industry. Thus, the growing packaging industry is further anticipated to create requirements for PLA during the forecast period.   Gather more insights about the market drivers, restrains and growth of the   Global Polylactic Acid Market   Amid the global COVID-19 pan

  Nanomaterials Industry Overview   The global nanomaterials market size was estimated at USD 8.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2021 to 2028. Excellent physio-chemical properties and growing usage of nanomaterials in electronics, healthcare, aerospace, and textiles industries are expected to drive the market over the forecast period. The market for nanomaterials plummeted due to the outbreak of the COVID-19 pandemic, leading to a decline in the purchasing power of the population. The declining demand in the aerospace, automotive, electronics sector continued in 2020 amidst the COVID-19 pandemic. However, there has been a revival in demand in 2021 mainly due to the ease of restrictions and financial packages announced by governments to jumpstart the economies, which have improved consumer demand.   Gather more insights about the market drivers, restrains and growth of the   Global Nanomaterials Market   However, several R

  Polyurethane Industry Overview   The global polyurethane market size was valued at USD 72.82 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.   Increasing demand for building insulation in light of sustainability concerns is expected to escalate the product demand over the forecast period. Sustainability in building developments is a vast field and encompasses several steps that must be implemented in the primary construction stages since their potential environmental impact is quite significant. Green buildings are thus increasingly entering the construction market due to increasing investments in smart energy-efficient commercial and residential buildings. These buildings not only offer profitable opportunities but are also acceptable by environmental and federal regulations, providing a meaningful response to growing consumer expectations for sustainability.   Gather more insights about the market drivers, restrains and gro

  Lubricants Industry Overview   The global lubricants market size was valued at USD 125.81 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. The industry dynamics are changing, in terms of raw material, owing to the rising demand for bio-based lubricants. The growing trade of vehicles and their spare parts is anticipated to fuel the demand for automotive oils and greases.   The major economic recovery in North America and Europe is expected to boost the consumer vehicles segment, which, in turn, is a boon for the market. Typical lube manufacturers use crude oil, CBM, tight oil, and other additives to formulate all types of lubricants. Major companies, such as Royal Dutch Shell, Total SA, Chevron, ExxonMobil Corporation, British Petroleum, and Sinopec, have integrated their business operations globally. It ensures a steady raw material supply to manufacture mineral oils & additives needed for production.   Gather more insight

  Ethylene Propylene Diene Monomer Industry Overview   The global ethylene propylene diene monomer market size was valued at USD 5.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Rising demand from the Asia Pacific region, coupled with the growth in R&D investments and demand for bio-based products, is likely to propel the product demand during the forecast period.   Ethylene Propylene Diene Monomer (EPDM) is a synthetic elastomer, which is produced as a copolymer of propylene and ethylene combined with pendant diene to cross-link the polymer. It is a kind of synthetic rubber, which is characterized by a strong resistance to heat, weather, ozone, fluids, and oxidized chemicals. It is also resistant to mild acids, synthetic brake fluids, water, ethylene glycol, and other liquids. The global demand for EPDM is anticipated to witness lucrative growth over the forecast period on account of the massive expansion of the appli

  Phosphate Fertilizers Industry Overview   The global phosphate fertilizer market size was valued at USD 61.63 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2040. This is attributed to the increased demand from agricultural producers for a fertilizer that provides necessary nutrients such as nitrogen and potassium. Agricultural products, such as fruits, vegetables, cereals, and pulses, are major application areas.   The use of phosphorous fertilizers in various grains promotes root growth, improves crop quality, and enhances stalk strength. Phosphorus rocks are the most significant global sources of phosphorus. Globally, the U.S. is the leading producer and consumer of phosphate rocks, which are primarily used for the manufacturing of the product. The rising global demand for food is a significant factor driving the growth of the market.    Gather more insights about the market drivers, restrains and growth of the   Global Phosp

  Returnable Packaging Industry Overview   The global returnable packaging market size was valued at USD 98.55 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.   Increasing demand for sustainable and durable packaging products from various end-use industries is expected to fuel the growth of the market. Returnable or reusable packaging products are made of durable materials, such as wood, plastic, and metal. They are designed to withstand rough handling throughout the supply chain and are intended for multiple trips. The initial investment for such products is considerably high as compared to expendable packaging, however, with increasing trips, lower cost per trip can be achieved, which ensures a rapid return on investment.   Gather more insights about the market drivers, restrains and growth of the   Global Returnable Packaging Market   The U.S. market is expected to witness significant growth over the forecast period on acc

  Nitric Acid Industry Overview   The global nitric acid market size was valued at USD 29.2 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.3% from 2022 to 2030.   The growth for the product is expected to be driven by increasing demand for the product from fertilizers formulators and by the rising consumption of fertilizers in agrarian economies of the world. Growing demand for food has propelled the expansion of various fertilizers and agricultural units globally to optimize crop yield, lower cultivation time, attain healthy crop growth, and more. Nitric acid is one of the key components of producing nitrogen fertilizers which are highly demanded by the agricultural world. The global product industry is highly competitive, especially in the presence of multinationals that are constantly innovating to capture the broader share of the market.    Gather more insights about the market drivers, restrains and growth of the   Global Nitric Acid Mark

  Organic Personal Care Ingredients Industry Overview   The organic personal care ingredients market size was estimated at USD 8.08 billion in 2019 and is projected to register a CAGR of 5.4% over the forecast period. Rising demand for personal care, coupled with growing awareness regarding personal health and safety, is expected to drive the product demand.   Rising usage of the products for manufacturing organic and natural personal care products is anticipated to further fuel the demand. Increasing R&D investments, technological innovations in ingredient processing, and cost-effective manufacturing technologies are other factors expected to further drive the growth of the market.   Organically cultivated products, such as aloe vera, soybean, fish oil, palm kernel oil, and jojoba oil are some of the key raw ingredients used for manufacturing organic and natural personal care goods. They are mainly used for producing cosmetics and hair, skin, and oral care products. Rising consume