From 2018 to 2022, the global friction modifier additives market experienced moderate growth, with a CAGR of approximately 3.2%. This expansion was driven by the increasing use of friction modifier additives across various new end-use sectors and industries. Traditionally, these additives have been extensively applied in aviation lubricants to enhance engine performance and fuel economy. …
Category Archives: Chemical Insights
Global Acid-Proof Lining Market Poised to Hit USD 12,313.08 Million by 2033, Projected 6.2% CAGR Growth | FMI Reports
According to FMI’s analysis, the acid proof lining market is forecast to grow at a 6.2% CAGR over the estimated period, with the industry size projected to reach USD 6,747.17 million in 2023. The burgeoning acid proof lining industry is driven by the increasing demand from various end-use sectors where walls, floors, and equipment are …
Chitin Market Projection: Anticipates USD 5,746.2 Million by 2033, Growing at 12.3% CAGR | FMI Reports
Future Market Insight forecasts that the global chitin market is poised to achieve a valuation of USD 5,746.2 million by 2033, marking a notable CAGR of 12.3%. This represents a significant surge from its estimated value of USD 1,801.3 million in 2023.Chitin’s remarkable versatility and distinctive properties render it highly desirable across diverse industries. Its …
Surface Disinfectant Chemicals Market Projection: Set to Achieve USD 5.8 Billion by 2033, with a CAGR of 4.1% | FMI Reports
The surface disinfectant chemicals market is poised for substantial growth, with an estimated value of USD 3.9 billion in 2023, projected to reach USD 5.8 billion by 2033. During this forecast period, demand is anticipated to experience a significant compound annual growth rate (CAGR) of 4.1%. Leading manufacturers in the surface disinfectant chemicals sector are …
Salt Content Reduction Ingredients Market Outlook: Envisions USD 11,879.8 Million by 2033, with a CAGR of 9.3% | FMI Reports
In 2023, the global salt content reduction ingredients market is estimated to be valued at approximately USD 4,882.1 million. Over the period from 2023 to 2033, it is projected to grow at a robust CAGR of 9.3%, reaching a market value of USD 11,879.8 million by 2033.The primary driving force behind this growth is the …
Automotive Refinish Coatings Market Outlook: Projected to Achieve USD 12.9 Billion by 2033, with a CAGR of 5.1% | FMI Reports
The global automotive refinish coatings market is poised to witness steady growth, with a projected CAGR of 5.1% from 2023 to 2033. By 2033, the market is anticipated to reach a valuation of USD 12.9 billion, compared to an estimated USD 7.7 billion in 2023.The automotive sector, being one of the largest industries globally, significantly …
Phosphor Screen Market Outlook: Anticipates Surge with 3.7% CAGR by 2033 | FMI Reports
The market for phosphors screen market is anticipated to grow significantly, reaching a valuation of USD 359.5 million by 2033. This growth is primarily driven by increasing demand from various end-use industries such as healthcare, telecommunication, consumer electronics, and research and development institutes. As estimated by FMI, the industry was valued at USD 250.0 million …
Sodium Dichloroisocyanurate Market Growth Trajectory: Set to Expand at 7.2% CAGR by 2033 | FMI Reports
As per the latest market survey by Future Market Insights, the global sodium dichloroisocyanurate market reached a valuation of USD 723.6 Million in 2023, with projections indicating a steady expansion at a CAGR of 7.2% from 2023 to 2033. Sodium dichloroisocyanurate (NaDCC) serves as a versatile chemical compound utilized primarily as a disinfectant and sanitizer …
Hydroxyproline Market Trends: Anticipates Notable Expansion with 5.6% CAGR by 2033 | FMI Reports
Research conducted by Future Market Insights suggests that the hydroxyproline market is poised for substantial growth, with an estimated compound annual growth rate (CAGR) of 5.6% from 2023 to 2033. Hydroxyproline, a non-essential amino acid, is abundantly present in collagen, a vital structural protein found in skin, bones, tendons, and connective tissue. Renowned for its …
Ruthenium Tetroxide Market Expected to Witness Significant Expansion, Projected CAGR of 7.5% by 2033 | FMI Reports
Research conducted by Future Market Insights suggests that the ruthenium tetroxide market is poised for significant growth, with the market projected to expand at a CAGR of approximately 7.5% from 2023 to 2033. Ruthenium tetroxide, an inorganic compound composed of ruthenium and oxygen, holds a pivotal role in organic synthesis as a potent oxidizing agent. …