The global corrosion protective coating and acid proof lining industry size is poised to reach US$ 47,928.96 million by 2023. The corrosion protective coatings and acid proof lining sales are expected to witness a steady CAGR of 5.7% between 2023 and 2033. By 2033, the corrosion protective coatings and acid proof lining demand is anticipated to attain …
Category Archives: Chemical Insights
Thermal Insulation Material Industry: Heating Up at 5.6% CAGR to Reach US$ 122 Billion by 2033
The thermal insulation material industry is expected to reach US$ 70.74 billion by 2023 and grow at a 5.6% CAGR. The best way to reduce energy consumption is to insulate all partitions of a building effectively. Polyurethane foam, mineral wool, and polystyrene foam are the most common thermal insulation materials used in buildings, which provide …
Rise of the Textile Flooring Industry: Reaching US$ 10,251.42 Million by 2033, with a CAGR of 5.20%
The global textile flooring industry is on the brink of a substantial valuation, projected to reach US$ 9,744.7 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the textile flooring market. The trend is anticipated to open doors to new opportunities within the market, with a projected CAGR of 5.20% from 2023 to 2033. By …
Magnesium Hydroxide Industry: Reaching US$ 1,845.32 Million by 2033, with a CAGR of 5.8%
The global magnesium hydroxide industry was projected to reach US$ 992.5 million in 2022. The market will probably be valued at US$ 1,050.07 million by the end of 2023. By 2033, the magnesium hydroxide market is projected to grow at a 5.8% CAGR and reach a value of US$ 1,845.32 million. Companies that provide high-quality magnesium hydroxide …
Magnesium Metal Industry: Reaching US$ 9 Billion by 2033, with a CAGR of 5.4%
The magnesium metal industry is predicted to be valued at US$ 5.3 billion in 2023 and US$ 9 billion by 2033. Over the projection period, sales in the magnesium metal market are expected to increase at a CAGR of 5.4%. A significant opportunity lies in the development of magnesium-based batteries. As the demand for energy storage solutions …
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Specialty Silica Industry: Reaching US$ 11.93 Billion by 2033, with a CAGR of 5.4%
The specialty silica market is likely to hold a valuation of US$ 11.93 billion by 2033. As of 2023, the market value is US$ 7.40 billion. As the automobile sector foresees growth, the specialty silica market, too, is expected to grow by 5.4% from 2023 to 2033. The demand for specialty silica industry has significantly surged due to its …
Soft Touch Polyurethane Coatings Industry: Reaching US$ 17,429 Million by 2033, with a CAGR of 9%
According to Future Market Insights, the soft touch polyurethane coatings industry size is expected to reach US$ 7,361.85 million by 2023 and US$ 17,429 million by 2033, growing at a 9% CAGR. Polyurethane coatings are used extensively in coating interior components in automobiles and aircraft such as armrests, front control panels, door trims, and door surrounds to …
Rise of the Mining Flotation Chemicals Industry Reaching US$ 19,360.2 Million by 2033, with a CAGR of 5%
The mining flotation chemicals industry is forecast to experience a growth of 5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 11,885.5 million in 2023. Standard copper ore grade has significantly reduced in the last few years. Mineral ores’ grades are reducing owing …
Untapped Potential: Pearlescent Pigment Industry to Surpass US$ 5,544.7 Million by 2033, with a CAGR of 4%
The pearlescent pigment industry is forecast to experience a growth of 4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 3,745.8 million in 2023. Manufacturers of automotive and industrial coatings are opting for pearlescent pigment for their aesthetic brilliance and exclusivity, thus enhancing the …
Fatty Amine Industry Anticipates Growth: Forecasting 4.9% CAGR, Projected Market Size of US$ 4,955.9 Million by 2033
The fatty amine industry was estimated to be worth US$ 2,940.1 million in 2022. Demand is expected to be worth US$ 3,081.3 million by 2023. From 2023 to 2033, the market is predicted to grow at a 4.9% CAGR and reach US$ 4,955.9 million by 2033. The increased demand for fatty amine as a corrosion inhibitor, water softener, and scale dispersant is one of the …