The global chloroplatinic acid market is poised for substantial growth, with demand projected to reach US$ 4.7 billion by 2032, according to a recent market analysis. In 2022, the market demand was valued at US$ 3.4 billion, with a forecasted Compound Annual Growth Rate (CAGR) of 3.2%. Chloroplatinic acid, also known as hexachloroplatinic acid, serves as a …
Category Archives: Chemical Insights
Middle East LED & OLED Lighting Market Surges with 17.8% CAGR in Solar Segment – Consumer TV Emerges as Dominant Player by 2025
Because LED lighting solutions are becoming more and more popular across a range of end-use industries, the worldwide market for LED and OLED lighting products and displays has expanded dramatically in recent years. Nowadays, LED lights—also referred to as light-emitting diode products—are regarded as a cutting-edge kind of semiconductor illumination. These devices are widely used …
Rising Demand for Eco-Friendly Drilling Solutions Propels Drilling Polymers Industry Growth
The drilling polymers industry size reached US$ 2050.4 million in 2022. Demand for drilling polymers is likely to witness US$ 2132.4 million in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit a 3.5% CAGR. Revenue is anticipated to cross around US$ 3 billion by the end of 2033. There is a growing demand for environmentally friendly drilling polymers due …
FMI Report Forecasts Agricultural Lubricant Industry to Exceed US$ 826.7 Million by 2033, Fueled by Mechanized Farming Surge
According to a Future Market Insights (FMI) report, the global agricultural lubricant market value is expected to increase from US$ 484.1 Million in 2023 to US$ 826.7 Million by 2033. Over the forecast period, global agricultural lubricant demand is poised to surge at a CAGR of 5.5%. Several factors are expected to drive the growth of the agricultural lubricant market during the assessment period. These …
Europe Biomass Pellets Industry Surges: FMI Reports US$ 22,161.2 Million in 2033, with 6.9% CAGR
The Europe biomass pellets market, as reported by Future Market Insights (FMI), reached US$ 10,743.6 million in 2022. Demand for biomass registered a 6.3% year-on-year growth in 2022, indicating that the Europe market would reach US$ 11,387.5 million in 2023. Over the forecast period 2023 to 2033, Europe sales of biomass pellets are expected to exhibit a 6.9% CAGR. It is expected …
Asia Pacific Waterproofing Chemicals Industry Surges: Urbanization and Climate Change Propel Growth
In 2018, the Asia Pacific waterproofing chemicals industry had a value of US$ 363.1 million. By the end of 2033, the market is anticipated to reach US$ 1,223.1 million, reflecting a 9.6% CAGR between 2023 and 2033. In 2023, it’s expected to surpass a valuation of about US$ 491.1 million. Waterproofing chemicals are widely used in the construction sector. They play …
GCC Calcium Oxide Industry Set to Surge: FMI Report Forecasts US$ 245.4 Million Valuation by 2033 with 4.9% CAGR Growth
The Gulf Cooperation Council or, GCC calcium oxide market is projected to reach a market capitalization of US$ 245.4 million at a CAGR of 4.9% by the end of the forecast period 2023 to 2033. The growth of the building and construction sector in the region is projected to drive the market in the forecast period. Calcium oxide demand for soil …
Polyurethane Precursor Industry Poised to Reach US$ 80,216.2 Million by 2033, Fueled by Automotive Sector Expansion
The polyurethane precursor industry is expected to be worth US$ 80,216.2 Million by the end of the forecast period. The market is anticipated to witness a considerable growth rate of 5.6% over the forecast period. Polyurethane is mainly made of three precursors namely- polyols, additives, and isocyanates. Precursors are like raw materials which are used in …
Rising Demand for Styrene Propels Global Ethylbenzene Market: Forecasted 3.5% CAGR Projects Market Growth to US$ 31 Billion by 2032
The global ethylbenzene industry is expected to secure US$ 31 Billion while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 21.9 Billion in 2022. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene. The increasing use of ethylbenzene in end-use industries such as …
Refinery Catalyst Market Poised for 4.6% CAGR Growth till 2030, Asia Pacific Leads the Charge with 5.7% Value CAGR, Reveals Future Market Insights
Increasing use of transportation fuel is likely to have a direct impact on the demand for refinery catalyst, according to a recent report published by Future Market Insights (FMI). Catalytic processes are imperative for the production of transportation fuels such as gasoline, diesel, jet fuel and others from petroleum. Evolving composition of transportation fuel composition …