The global UV coatings industry is poised to achieve a valuation of USD 4,065.94 million by 2023 and is projected to reach USD 6,780 million by 2033, with a projected CAGR of 5.2% over the forecast period. Increasing environmental awareness and the expanding electronics sector are expected to drive demand for UV coatings. The industrial …
Category Archives: Chemical Insights
Growth Projection: Renewable Methanol Industry Anticipates USD 398.1 Million Valuation by 2033, Growing at 6.6% CAGR | FMI Reports
In 2023, the renewable methanol industry is anticipated to reach USD 210.1 million and is projected to grow to USD 398.1 million by 2033. Renewable methanol finds significant applications in the chemical sector for producing acetic acid, formaldehyde, and plastics, driving its demand upward over the forecast period. Increasingly, biomethanol is being utilized in the …
Growth Projection: Acrylic Fibre Industry Anticipates USD 8,006.7 Million Valuation by 2033, Growing at 4.2% CAGR | FMI Reports
In 2023, the acrylic fibre industry is poised to surpass USD 5,470.6 million and is projected to reach USD 8,006.7 million by 2033, growing at a CAGR of 4.2% during this period. Acrylic fibers are valued in the textile industry for their softness, lightness, and excellent drape. They serve as cost-effective alternatives to natural fibers …
Growth Projection: Bromine Derivative Industry Anticipates USD 12,037 Million Valuation by 2034, Growing at 5.1% CAGR | FMI Reports
In 2024, the bromine derivative industry is valued at USD 7,292.20 million, marking significant growth from USD 4.57 billion in 2023. Projected to grow at a CAGR of 5.10% from 2024 to 2034, the market is expected to reach USD 12,037.00 million by 2034. The demand for bromine derivatives has surged in global manufacturing due …
Growth Projection: Engineering Plastic Industry Anticipates USD 216,458.83 Million Valuation by 2033, with a CAGR of 7.2% | FMI Reports
The engineering plastic industry is set to achieve substantial growth over the forecast period, projected to reach USD 108,000.92 million by 2023, up from USD 101,000.57 million in 2022. With a robust CAGR of 7.2% from 2023 to 2033, the market is anticipated to reach USD 216,458.83 million by 2033. This growth is primarily driven …
Sulphur Coated Urea Market Projected to Reach USD 1,453.0 Million by 2032, with a CAGR of 3.3% Growth | FMI Reports
The global sulphur coated urea market is anticipated to exhibit a steady CAGR of 3.3%, with its valuation rising from USD 1,050.20 million in 2022 to USD 1,453.0 million by 2032. This growth is driven by the diverse applications of sulphur in industries such as agriculture, golf courses, professional lawn care, turf, and greenhouses. According …
Driveline Additive Market Forecast to Achieve USD 15.2 Billion by 2033, Growing at a Steady 5.1% CAGR | FMI Reports
The driveline additive market is estimated to be worth USD 9.3 billion in 2023 and is projected to reach a valuation of USD 15.2 billion by 2033. Between 2023 and 2033, the market is expected to grow at a CAGR of 5.1%. The driveline additive market is anticipated to outpace the growth of conventional lubricant …
Global Ammonium Sulphate Market Set to Achieve USD 6.18 Billion by 2032, Growing at 7.5% CAGR | FMI Reports
A recently published study by FMI anticipates the global ammonium sulfate market to grow at a 7.5% CAGR from 2022 to 2032, reaching a valuation of USD 6.18 billion by the end of this period. The increasing demand for ammonium sulfate is primarily driven by its extensive use in the agricultural sector. Additionally, its applications …
Corrosion Protection Coating and Acid Proof Lining Market to Hit USD 83,434.92 Million by 2033, Growing at 5.7% CAGR | FMI Reports
The global corrosion protective coating and acid proof lining market is projected to reach USD 47,928.96 million by 2023, with sales expected to grow at a steady CAGR of 5.7% from 2023 to 2033, reaching USD 83,434.92 million by 2033. This market growth is driven by significant advancements in corrosion protection technologies, increased industrial activity, …
Graph Database Market Poised for Robust Growth, Expected to Reach US$ 9,909.3 Million by 2032
The graph database market is expected to expand quickly on a worldwide scale, with a market share that is projected to increase from US$ 1,938.0 million in 2022 to US$ 9,909.3 million by 2032. These results demonstrate a strong Compound Annual Growth Rate (CAGR) increase from 16.3% (2017–2021) to 17.7% throughout the anticipated timeframe, according …