In 2023, the natural cinnamic aldehyde industry is expected to be worth US$ 1,060 million. By 2033,Over the projection period, the market is expected to exceed US$ 1,611.0 million at a CAGR of 3.3%. Several main factors are driving significant growth in the natural cinnamic aldehyde business. One of the primary drivers is the increased desire …
Category Archives: Chemical Insights
Artificial Turf Industry Targets US$ 10,120 Million by 2033 with an 8% CAGR
According to Future Market Insights, the artificial turf market size is expected to reach US$ 4,671.82 million by 2023, and ultimately to US$ 10,120 million by 2033, growing at an 8% CAGR. Artificial turf is suitable for leisure areas such as bocce ball courts, tennis courts, putting greens, and patios. The surface is exceptionally tough and can withstand considerable …
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Magnesium Metal Industry Aims for US$ 9 Billion by 2033 with 5.4% CAGR
The magnesium metal industry is predicted to be valued at US$ 5.3 billion in 2023 and US$ 9 billion by 2033. The magnesium metal market is estimated to grow at a CAGR of 5.4% over the forecast period. Magnesium-based battery development poses a significant opportunity. Experts are looking into magnesium as a possible replacement for lithium-ion batteries …
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Bentonite Industry Promising Future: Projected 6.5% CAGR by 2033
As per Future Market Insights, the bentonite industry is estimated to grow at a CAGR of 6.5%. In recent years, the Bentonite Market has grown significantly. This rise is expected to continue in the next years, commencing in 2023 and ending in 2033, due to the increasing use of bentonite in numerous industries around the world. …
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Driving Forward: Automotive Plastics Industry Poised to Reach US$ 136.3 Billion by 2033 with a 6.9% CAGR
The global automotive plastics industry was valued at US$ 64.8 billion in 2018 and reached US$ 65.6 billion in 2022. The market is predicted to increase at a 6.9% CAGR from 2023 to 2033, reaching US$ 136.3 billion by the end of 2033. Key Takeaways: The global market for automotive plastics is projected to witness a CAGR of 9% during 2023 to 2033. With the …
Thermal Insulation Material Industry Set for US$ 122 Billion by 2033 with 5.6% CAGR
The thermal insulation material market is expected to reach US$ 70.74 billion by 2023 with a 5.6% CAGR, Rising to US$ 122 billion by 2033: The effectiveness of polyurethane foam, mineral wool, and polystyrene foam in building insulation. There are other goods on the market with similar physical and chemical qualities. This measure represents a thermal insulation …
Coated Fabrics Industry on an Upward Trend: Projected US$ 73.8 Billion by 2033
The global coated fabrics market is anticipated to reach a valuation of US$ 45.3 billion in 2023, driven by rising eCommerce platforms and online retailing. The trend is likely to open up new prospects for the market, resulting in a projected CAGR of 5.0% between 2023 and 2033, with a total valuation of around US$ 73.8 …
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Two-Wheeler Lubricants Industry Forecast: A 3.4% CAGR Leading to US$ 24.7 Billion by 2033
The two-wheeler lubricants industry is expected to increase from US$ 17,697.3 million in 2023 to US$ 24,723.7 million in 2033. Synthetic oil is the Favored Choice Crude oil, tight oil, and other additives are required for the manufacture of all lubricants. Lubricants include a variety of additives that improve their functionality and characteristics. Among these additions …
Projected Growth: Calcium Sulfate Industry Set to Reach US$ 338.54 Billion by 2033
In 2023, the calcium sulfate market is expected to be worth US$ 266.84 billion, and by 2033, It is expected to reach US$ 338.54 billion. Calcium sulfate sales are expected to grow at a CAGR of 4.1% over the forecast period. The melting point of calcium sulfate is 1,400°C. It is a white, odorless powder. In …
Projected Growth: Microcrystalline Cellulose Industry Sets Sights on US$ 1,794.1 Million by 2033
The global microcrystalline cellulose industry is projected to create opulent growth opportunities over the evaluation period by registering a CAGR of 6.3% from 2023 to 2033. The global market value is predicted to increase from $974.7 million in 2023 to US$ 1,794.1 million by the end of 2033. The market’s expansion can be ascribed to rising …