The fabrics that have digital and electronics components entrenched in them are referred as E-textiles or electronic textiles or smart fabrics. These fabrics have the ability to recognize and sense stimuli from the surroundings and adapt & respond to those stimuli in a pre-programmed way. Their capability to grow, correspond, transform, and even conduct energy makes them different from the normal textiles, thus adding worth to the wearer.
The silicon anode battery market is projected to expand at a CAGR of 45.0% during the forecast period of 2024 to 2032. The increase in demand for high-performance batteries in energy storage applications is accelerating the market expansion of silicon anode batteries. A lithium-ion (Li-ion) battery with a silicon anode is known as a lithium-ion (Si-ion) battery.
Adhesion barriers are used for reducing internal scarring and separating the internal organs and tissues therefore avoiding organ adhesion. These products are predominantly employed in abdominal, orthopedic, reconstructive, urological and gynecological surgeries. Of the various formulations available, adhesion barriers film based products are the most widely used. As the global rate of surgical procedures is consistently increasing, the demand and uptake of adhesion barriers is also expected to rise correspondingly. Adhesion barriers are viewed as an effective tool to reduce the post-surgical complications arising from adhesion of tissues or organs, therefore reducing the risk of follow-up procedures and overall procedural cost.
The global acrylate market is segmented based on product types into butyl acrylate, ethyl acrylate, methyl acrylate and 2- ethyl hexyl acrylate. Butyl acrylate is widely used in the production of acrylic polymers, paints, inks, polyethylene, textiles, adhesive and papers. Adhesives, coatings and textile are the major contributor for the growing demand of butyl acrylate across the globe.
Airlaid Papers are categorized as “nonwoven fabric” which resemble material same as textile and is made from pulp (fluff). These are very soft, bulky and porous with greater absorption capacity than normal tissues papers. Some common applications of air laid papers are feminine hygiene, disposable diapers, industrial wipes, napkins and personal care products such as wet wipes among others.
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 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.
