Automotive OEM Coatings Market Is Projected to Expand At A CAGR Of 6.1% Between 2023 And 2031. Automotive coatings are employed to coat automobile surfaces and demonstrate innovative technologies which are proficient in manufacturing sturdy surfaces, maximizing overall vehicle efficiency while meeting environmental regulations. Automotive OEM coatings improve the overall appearance and durability of a vehicle and help in protecting it from extreme temperatures, UV radiation, and foreign particles.
Liquid Fertilizers Market Is Projected to Expand At A CAGR Of 4.2% Between 2024 And 2032. Organic farming is growing at a rapid pace in the agriculture industry. The organic liquid fertilizer proves to be beneficial as it provides broad and quick effects to crops by acting as a catalyst that enhances plant nutrient intake. Liquid fertilizers is a reliable source of nutrients for various crops such as organic fruits and vegetables, cereals and grains and other food crops. Production of liquid fertilizer does not involves the use of chemicals, thus leading to reduced risk of soil contamination.
The size of the benzyl benzoate market has the potential to register a CAGR of 4.1% during the forecast period of 2023-2031, and the growth of the market will accelerate throughout the forecast period because of the consistent increase in year-over-year growth. Benzyl benzoates have a wide range of applications in the pharmaceutical sector and are regarded as an important drug for the treatment of scabies and the management of lice infestations.
The faux finish coatings market is a growing industry characterized by a diverse range of decorative coating products designed to mimic the appearance of natural materials such as wood, stone, and metal. These coatings are widely used in residential and commercial spaces for interior and exterior applications, offering versatility and cost-effectiveness compared to genuine materials. The market has experienced steady revenue growth and a promising compound annual growth rate (CAGR) of 6.5% during the forecast period of 2024 to 2032.
The graphite market, historically rooted in its diverse range of applications, has been a cornerstone for many industries. Renowned for its exceptional conductivity, lubrication properties, and heat resistance, graphite remains indispensable. In 2023, this market witnessed substantial momentum, chiefly owing to its heightened demand in burgeoning sectors like electronics, energy storage, and metallurgy.
The biostimulants market is expected to grow at a CAGR of 7.5% during the forecast period of 2024 to 2032, driven by various factors that have contributed to its expansion. the biostimulants market is expected to experience strong growth due to the increasing emphasis on sustainable agriculture, the rising need for improved crop productivity, and growing investments in R&D. However, regulatory challenges pose a significant restraint to the market's development.
Uniform and quality yield is of utmost importance among micronutrients product manufacturers, agrochemical manufacturers and other key participants in the agriculture industry. Agricultural micronutrients are plant nutrients, which are used in small amounts for obtaining better yield.
Renewable methanol refers is a type of fuel produced from feedstock such as municipal waste, industrial waste, biomass and carbon dioxide. Renewable methanol find as application as fuel in transportation or as feedstock in chemicals. Renewable methanol produces emits low carbon emission and can be blended with motor fuels to improve their octane number.
Cottonseed is basically a cooking oil which is extracted from seeds of cotton plants of different species. The cottonseed oil is a by-product of cotton industry. The production process involved in extraction of cottonseed oil includes pressing and extraction through refinement and purification method.
Thermal spray coating technologies are highly versatile and used for an extremely wide range of applications. Thermal spray coating is a generic term for a group of processes that utilize a heat source to melt material in powder, wire or rod form which is used for coating required surface. Metals, alloys, ceramics, plastics and composites are some coating materials available for thermal spraying.
The global market for chemicals is expected to grow at a CAGR of 8.5% during the forecast period of 2023 to 2031. The worldwide chemical business, valued at $2.4 trillion, is one of the manufacturing industry's fastest-growing areas. General chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticides and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol and other basic organic and inorganic chemicals, synthetic dye and pigment, industrial gas, and petrochemicals are the most common types of chemicals. Printing ink consists of a pigment or pigments of the desired hue that is combined with oil or varnish. Intermediate chemicals consist of methanol, ethylene oxide, and propylene oxide. Pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber compounds, surfactants, personal care, and more end-users are involved.
The chemical industry is one of the oldest manufacturing businesses. It not only plays a critical role in addressing the day-to-day demands of the average citizen but also greatly contributes to the industrial and economic development of a nation. In the past few years, the global chemical industry has undergone significant structural changes, including the relocation of manufacturing facilities to Asian countries, the emergence of new growth markets, the introduction of new technologies, and the all-encompassing effect of the global economic crisis coupled with rising raw material costs. As a result of the global economic crisis, the commodity/bulk and specialty chemicals markets have experienced dramatic losses in demand and profit over the past two years. The need for chemicals is anticipated to return to developed countries, albeit to a lesser degree than in Asia. All of the main chemical firms anticipate that rising markets, such as China, India, Brazil, and Korea, will contribute to the sales growth of their chemical products. Given its huge potential advantage in low-cost hydrocarbon feedstocks primarily backed by proximity to Crude oil, the Middle East has also attracted a great deal of investments, mergers, and acquisitions, as well as additional capacity. This is mostly owing to the higher GDP growth rates attributable to economic expansion and the development of new applications in these regions. The global chemical sector will continue to place a strong emphasis on managing cash flow, controlling operating rates, and assuring worldwide supplies of raw materials. Major obstacles continue to be laws and carbon emissions policies, which are pushing industries towards greener goods and away from feedstocks derived from petrochemicals.
To remove the harmful effects of chemical manufacturing on the environment, chemical businesses are rapidly implementing eco-friendly and sustainable processes. The evolution of technology and the chemical sciences enables chemical firms to use alternate fuels to manufacture chemical goods. They are utilizing naturally occurring carbon dioxide to manufacture fuels, industrial products, and other compounds. For instance, the chemicals and coatings company Akzo Nobel N.V. plans to invest seven figures in Green Lizard Technologies' proprietary technology to produce surfactants from plants as opposed to oils. JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC are major players in the chemicals sector.
For companies in the Chemicals industry, Acute Market Reports is the best option for in-depth market research and expert consultancy. Acute Market Reports, through its solutions crafted through a futuristic approach, enables its clients to make well-informed business decisions. Through our partnerships with Fortune 500 organizations, we have been able to demonstrate our expertise by completing customized consulting projects for each client throughout their entire product and service offering.
