Chemical Industry Updates

  The global Aloe Vera Extracts Market is estimated to be valued at US$ 2.81 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Aloe vera extracts are known for their several health benefits such as hydrating and healing properties. It contains vitamins, enzymes, minerals, sugars, lignin, saponins, amino acids and salicylic acids which are known to have anti-inflammatory, antibacterial, antiviral, and antioxidant properties. These properties make aloe vera extracts useful in several applications in industries such as pharmaceuticals, cosmetics and food & beverages. Market key trends: One of the emerging trends in  aloe vera extracts market  is the increasing use of aloe vera extracts in cosmetic industry. Aloe vera extracts possess excellent moisturizing and hydrating properties which makes it a suitable ingredient for use in several cosmetic products such

  The global Stearates Market is estimated to be valued at US$ 6.15 Bn or Million in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Stearates are materials derived from stearic acid, an organic acid that acts as an emulsifier, lubricant, and softening agent. They are commonly used as surfactants and processing aids in the manufacturing of plastics, rubbers, cosmetics, pharmaceuticals, and other materials. Their advantages include lower toxicity and greater compatibility with other materials. Market key trends: One of the major trends driving the growth of  stearates market  is its increasing usage in the plastics and polymer industries. As plastic production grows globally due to high demand from consumer goods and automotive sectors, consumption of stearates as lubricants, release agents and stabilizers in plastic manufacturing is also witnessing significant ri

  The global N-Methyl-2-Pyrrolidone market is estimated to be valued at US$ 1.12 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: N-Methyl-2-Pyrrolidone or NMP is an organic compound that is colourless and hygroscopic in nature. It has high dissolving power for both polar and non-polar solvates. It is widely used as an industrial solvent in industries such as electronics, paints & coatings, medicine etc. Market key trends: Growth in electronics industry is one of the key trends driving the N-Methyl-2-Pyrrolidone market. NMP is majorly used as a solvent for electronics cleaning applications such as wafer cleaning, flux cleaning, electropolishing and photoresist stripping. It is well suited for such applications due to its high solvency and low volatility. With rising demand for consumer electronics globally, the demand for NMP is also increasing significa

  The global Industrial Protective Footwear Market is estimated to be valued at US$ 5.71 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial protective footwear protects workers’ feet from hazards in industrial workplace environments such as sharp objects, falling objects, heavyRolling loads, chemicals and wet environments. These footwear are made using materials such as leather, rubber, plastic and other man-made materials that provide cushioning, slip resistance and toe protection. Market key trends: One of the key trends in the industrial protective footwear market is growing demand for footwear made with innovative and lightweight materials. Manufacturers are focusing on developing shoes with advanced material technologies that provide high performance as well as comfort. For example, footwear integrated with carbon fiber sheets, composite toe ca

  The global Low-Density Polyethylene Market is estimated to be valued at US$ 47.08 Bn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Low-Density Polyethylene  is a thermoplastic made from petroleum. It is used to make plastic shopping bags, plastic bottles, plastic films and wraps. LDPE has high flexibility, low strength and is used for applications requiring viscosity, softness and elasticity. Market key trends : One of the key trends in the Low-Density Polyethylene Market is the growing demand from flexible packaging. Flexible plastic packaging made using LDPE is lightweight, easy to seal and inexpensive. It is widely used for packaging food, beverages, personal and home care products. The increasing demand for flexible packaging from e-commerce and food and beverages industries is expected to drive the growth of the LDPE market over the forecast per

  The global Cassia Gum Market is estimated to be valued at US$ 16.2 Mn or Million in 2023 and is expected to exhibit a CAGR of 6.1 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cassia gum  is a natural gum extracted from the seed pods of the cassia tree. It is used as a thickening, stabilizing and gelling agent in various food products. It helps improve texture, mouthfeel and prevents separation in foods. Market key trends: One of the key trends in the Cassia Gum Market is its increasing usage in the Smart Home Automation industry. Cassia gum plays a crucial role as a binder and thickening agent in paints and coatings used for surfaces in smart homes. It helps produce coatings that are washable, flexible and have long lasting properties. The rapid growth of the smart home market driven by rising consumer preference for automated and tech-enabled homes supports the increasing demand for cassia gum. Segmen

  The global Iron Oxide Market is estimated to be valued at US$ 2.52 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Iron oxides have wide range of applications in paints & coatings, construction, plastics, cosmetics and other industries owing to their excellent weather resistance, corrosion protection, and heat stability properties. They are commonly used as pigments for coloring paints, coatings, plastics, and other materials. Market key trends: One of the key trends in the  iron oxide market  is the increasing usage of red iron oxide as a replacement for toxic and carcinogenic pigments like chrome yellow, cadmium yellow, and mercury sulfide in several applications such as printing inks, plastics, and coatings. Red iron oxide provides an excellent tinting strength and color consistency as a substitute for these hazardous pigments. It also enhances the

  The global Cosmetic Ingredients Market is estimated to be valued at US$ 1.99 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cosmetic ingredients  consists of substances that are used to manufacture cosmetic products. These ingredients not only enhance the appearance and beauty but also provide various functional benefits such as moisturization and sun protection. The demand for multi-functional cosmetic products is increasing among consumers which is driving the growth of the market. Market key trends: One of the key trends driving the growth of the cosmetic ingredients market is the rising consumption of natural and organic cosmetic products. Consumers nowadays are more conscious about the ingredients used in cosmetic products and prefer products containing natural ingredients over chemical ones due to rising health concerns. As a result, manufacturers

  The global Pearlescent Pigment Market is estimated to be valued at US$ 3.98 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Pearlescent pigments are special effect pigments that impart shine and dazzle to paints, coatings, and other materials. They are commonly used in automotive and industrial coatings, cosmetics, plastics, and printing inks. The pearlescent effect results in a three-dimensional lustrous appearance with sparkle and floppy qualities. Market Overview: Pearlescent pigments  are micronized platelet pigments that contain multiple layers of thin metal oxide coatings on a mica substrate. They offer unique optical properties owing to changing light diffraction and reflection. Their applications range from automotive coatings to cosmetics. Market key trends: One of the key trends in the pearlescent pigment market is the growing demand for organic pearlescent pigm

  The global Greenhouse Soil Market is estimated to be valued at US$ 6.35 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Greenhouse soils are specially formulated soils that are rich in nutrients to help plants grow well under greenhouse conditions. They provide optimum drainage, aeration and water retention to support healthy plant growth. The controlled greenhouse environment relies on quality growing media to maximize yield. Market key trends: One of the major trends in the  greenhouse soil market  is the growing focus towards sustainable agriculture. There is an increasing demand for organic and natural growing media that do not contain synthetic fertilizers and other chemicals. Many key players are focusing on developing mineral-based and nutrient-rich greenhouse soils produced from renewable and recycled resources like coir, sphagnum peat moss, wood

  The global Coated Fabrics Market is estimated to be valued at US$ 22.49 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Coated fabrics are used to manufacture various industrial products and consumer goods. They provide advantages like water resistance, light-weight, UV rays protection, abrasion resistance and anti-stain properties. These fabrics find widespread applications in automotive, protective clothing, transportation, industrial and construction among others. Market key trends: One of the key trends in the  coated fabrics market  is rising demand for polyurethane coated fabrics. Polyurethane provides excellent mechanical properties, water resistance, flexibility and adhesion. It is increasingly being used to coat various fabrics like nylon, polyester and cotton for applications in automotive interiors, packaging and transportation. The growth in a

  The global Soy And Milk Protein Ingredients Market is estimated to be valued at US$ 34.96 Bn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Soy and milk protein ingredients include products derived from soy and milk such as soy protein isolates, concentrates, and textured proteins, and milk protein concentrates and isolates. These versatile and cost-effective ingredients are used in various food products like bakery, beverages, snack food, meat alternatives, and other processed foods to enhance their nutritional profile. Market key trends: One of the key trends in the soy and milk protein ingredients market is the rising demand for plant-based proteins. Consumers are increasingly preferring vegan and vegetarian diets due to health, ethical, and environmental concerns regarding animal products. This has propelled the demand for plant-based meat and dairy alt

  The global Bioactive Materials Market is estimated to be valued at US$ 2,204.6 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Bioactive materials  are engineered to bond chemically with bone tissues or stimulate physiological responses in living organisms. They induce specific biological responses at the interface of the material which favours tissue formation or the anchorage of implants. They are used in different applications such as bone substitutes, orthopedic and dental applications. Market key trends: One of the key trends in the bioactive materials market is the increasing demand for bone substitutes application. Bioactive bone substitute materials are engineered to bond chemically with bone tissues or stimulate physiological responses in living organisms. They induce specific biological responses at the interface of the material which favours tis

  The global Zero Waste Packaging Market is estimated to be valued at US$ 1.57 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Zero Waste Packaging  refers to packaging products that aim to reduce waste and promote the use of recycling and composting. This includes reusable packaging, packaging made from recycled materials, and packaging designed for durability and reuse. Zero Waste Packaging helps reduce environmental footprint and promotes circular economy. Market key trends: One of the major trends in the Zero Waste Packaging market is the adoption of new production technologies to manufacture innovative and sustainable packaging materials from agricultural waste. For instance, many companies are developing bio-based and compostable plastic packaging using agricultural residue such as straw, wood pulp and sugarcane bagasse as raw materials. These bio-based p

  The global Nitrile Butadiene Rubber Market is estimated to be valued at US$ 2.2 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Nitrile butadiene rubber  (NBR) is a family of unsaturated copolymers with acrylonitrile and 1,3-butadiene monomers. NBR possesses high levels of resistance to oil, gas, solvents, and dynamic loads. It also has excellent low-temperature performance, making it ideal for applications in automotive and construction sealants, oil field equipment, molded goods, and more. Market key trends: One of the key trends in the nitrile butadiene rubber market is the growing demand for eco-friendly nitrile butadiene rubber. Eco-friendly NBR uses plant oils and renewable carbon sources instead of petroleum-derived ingredients. It has lower environmental impact and carbon footprint as compared to conventional NBR. Eco-friendly NBR addresses

  The global Micro Molding Materials Market is estimated to be valued at US$ 1.27 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Micro molding materials  are very small plastic components molded to very precise tolerances and small size for applications like medical devices, electronics, sensors and more. They offer advantages like miniaturization, precision and complex geometries not possible with other processes. Market key trends: Adoption of artificial intelligence and IoT: There is an increasing integration of advanced technologies like artificial intelligence and IoT in various industries. This is driving the need for smaller, precise plastic components in miniature sensors, medical devices and more. Micro molding materials allow creation of such intricate parts and thus seeing increased demand to support advancement of new technologies like AI and Io

  The global Waterproofing Admixture Market is estimated to be valued at US$ 4.66 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Waterproofing admixtures  are increasingly being used for concrete construction projects owing to their advantages such as water repellency, permeability reduction, durability enhancement and freeze-thaw resistance. Being non-toxic and easy to use, waterproofing admixtures are suitable for both residential and commercial constructions. Market key trends: Concrete waterproofing admixtures are emerging as the largest and fastest growing product category in the global waterproofing admixture market. This is majorly attributed to their increased usage in all types of construction projects including bridges, tunnels, basements, structures etc. for enhancing concrete protection. Their ability to self-seal fine cracks up to 0.4mm wide a

The global e-coat market is estimated to be valued at US$ 3.90 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: E-coat  protects automobile bodies during the assembly process from corrosion under the heaviest of conditions. It provides an even coating of protective paint on all interior and exterior surfaces without overspray during application. Market key trends: One of the key trends in the e-coat market is the increasing adoption of multi-layer e-coat process. The multi-layer e-coat process involves applying more than one layer of e-coat to the substrate. This enhances the overall protection level, appearance, and corrosion resistance. Automotive OEMs are increasingly adopting the multi-layer e-coat process as it provides durable protection for vehicles and meets stringent environmental regulations. Segment Analysis The global E-Coat market is segmented b

  The global Spandex Market is estimated to be valued at US$ 10.13 Bn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview : Spandex , also known as elastane, is a synthetic fiber known for its exceptional elasticity and strength. It can be stretched up to 500% its original length, making it ideal for fabrics that require flexibility, comfort and shape retention like yoga apparel, sportswear, intimate wear and medical garments. The comfort, breathability and performance benefits offered by spandex enriched fabrics have increased its usage in the apparel industry. Market key trends: Rising popularity of yoga and fitness activities has emerged as a key trend fueling the demand for yoga and sports apparel incorporating spandex. According to a survey, over 36.7 million people practice yoga in the United States alone as of 2019. The comfort, flexibility and shape retenti

  The global Microspheres Materials Market is estimated to be valued at US$ 7.44 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Microspheres materials  are specialty type of materials that possess hollow structures or cavities within their composition. They are available in different types such as glass, ceramic, fly ash, polymer and natural such as wollastonite and are utilized in various end-use industries such as construction composites, life sciences & biotechnology, personal care, automotive and many others due to advantages such as lightweight and low density properties. Market key trends: One of the key trends witnessed across the microspheres materials market is rising adoption in paints & coatings industry. Microspheres when added to paints & coatings enhance various properties such as increased solid content that enables high film build,

  The global Granola Market is estimated to be valued at US$ 3,753.3 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Granola  is a breakfast cereal made from rolled oats, nuts, honey or other sweeteners and spices. It is widely consumed due to its nutritional value and taste. It provides energy, fiber, vitamins and proteins which make it a healthy breakfast option. Market key trends: One of the key trends driving the growth of the granola market is the increasing health-consciousness among consumers. Rising awareness about the adverse effects of packaged and processed snacks have encouraged people to shift towards more natural and healthier breakfast options like granola. Granola is low in calories and high in fiber, which aids weight management. It also contains antioxidants from various nuts and dried fruits that are added to granola, protecting the body