Chemical Industry Updates

  Market Overview: Ammonia is an important nitrogen source used to produce nitrogen-containing fertilizers such as urea, ammonium nitrate and ammonium phosphate. It is also used in fibers, plastics, explosives and cleaning products. Market Dynamics: Ammonia is mostly used in Australia for nitrogen fertilizers production due to the high demand from agricultural industry. According to recent reports, Australian agricultural sector has seen significant growth over past few years and is estimated to grow at over 3% annually during forecast period owing to rising food demand from growing population and demand for Australian agricultural exports globally. This rise in agricultural outputs will positively influence the demand for nitrogen fertilizers and subsequently ammonia market in Australia. In addition, growing demand for industrial use of ammonia like cleaning products manufacturing will also drive its market. However, stringent environmental regulations around CO2 emissions from ammoni

  Market Overview: Polyurethane prepolymer refers to multifunctional intermediate products that are primarily composed of polymer chains or oligomers terminated with reactive isocyanate groups. They find wide applications in coatings, adhesives, sealants, elastomers and other applications due to properties such as good flexibility and abrasion resistance. Market Dynamics: The global polyurethane prepolymer market is expected to witness significant growth over the forecast period owing to increasing demand from the construction industry. Growing infrastructural projects in emerging economies due to rapid urbanization is expected to boost the demand for polyurethane prepolymers in concrete floor coatings and sealants. Moreover, rising usage of polyurethane prepolymers in synthetic leather, adhesives & sealants, and coatings industries due to benefits such as flexibility, toughness and ease of production is also expected to fuel the market growth during the forecast period. Polyuretha

  Market Overview: Sanding blocks are hand-held tools used for smoothing surfaces during woodworking, metalworking, and other similar activities. They are available in a variety of shapes, sizes and materials to suit different sanding applications. Market Dynamics: The growth of the  sanding block market  is attributed to increasing construction activity globally. According to World Bank estimates, the global construction industry market size was valued at US$ 7.8 trillion in 2020 and is projected to reach US$ 15.2 trillion by 2030, growing at a CAGR of 6.4% during the forecast period. As construction output rises, demand for sanding blocks from various end-use industries such as furniture, fixtures manufacturing, among others is also expected to increase considerably over the coming years. In addition, growing DIY culture has been fueling the sales of sanding blocks through multiple distribution channels. Consumers are increasingly taking up do-it-yourself projects at home requiring t

  Market Overview: Cosmetic serums are lightweight, concentrated fluid formulas of skincare products used to target specific skin concerns. Cosmetic serums contain active ingredients that intensively nourish, brighten and renew the skin. Market Dynamics: The global  cosmetic serum market  is witnessing high growth owing to increasing consumer spending on luxury skin care products and growing awareness about anti-aging products. In addition, the rising disposable income and changing lifestyles have led consumers to spend more on personal care and cosmetic products. Furthermore, availability of serums such as anti-aging, skin brightening, sun protection and acne-fighting varieties catering to different skin concerns and needs of consumers is fueling the market growth. Key manufacturers are focusing on developing innovative formulations and engaging in new product launches to cater to dynamic consumer demands, which is further propelling the market expansion. #Cosmetic Serum Market Driver

  Market Overview: High purity alumina (HPA) is a specialty aluminium oxide or alumina. It is highly processed product that is derived from aluminium oxide. HPA finds major applications in the production of sapphire substrates used in LED lights, semiconductor wafers and other electronic products owing to its high brightness and conductivity. Market Dynamics: The growth of the  HCL Leaching High Purity Alumina Market  is driven by rapid technological advancements and growing adoption of HPA in various end use industries such as LED lights, semiconductor wafers, lithium ion batteries and others. HPA has superior properties compared to regular alumina such as high brightness, conductivity and strength which makes it suitable for these industries. According to research, the global HPA market is expected to grow at a CAGR of more than 15% between 2023-2030. This growth can be attributed to rising demand for LED lights, electric vehicles and smartphones. Also, increasing investments by key

  Market Overview: Cloud kitchens are commercial kitchens dedicated to the preparation of food for delivery and take-out. They enable restaurants to prepare food for delivery platforms like Uber Eats, DoorDash without needing a physical storefront. Market Dynamics: The  cloud kitchen market  is driven by the rising demand for online food orders during the forecast period. As per recent findings, the online food delivery market witnessed 30% growth in the last 2 years. Another driver for this market is the growing popularity of delivery-only brands. Brands focusing only on delivery channels are gaining traction among consumers. They offer affordable options and specialized menus for delivery. Further, such brands have lesser overhead costs as compared to restaurants with dine-in spaces which helps them offer competitive pricing. Two major market drivers for cloud kitchens Convenience and accessibility for online food delivery: The ease and accessibility of online food delivery through m

  Market Overview: Heat treated glass undergoes thermal or chemical treatments to introduce controlled and permanent changes in its mechanical and optical properties. It is used in various commercial glazing, facade applications, and for automotive and transport industry where strength and safety properties are important. Market Dynamics: The heat treated glass market is expected to grow at a significant rate owing to increasing demand from the construction industry, mainly for facade applications where aesthetics and safety from breakage is essential. The growth of the construction industry, especially in developing regions of Asia Pacific and Latin America is driving the facade segment. Additionally, growing automotive industry globally is also contributing to the growth of heat treated glass market as automotive manufacturers use heat strengthened and tempered glass for window, sunroof, and backlights applications where resistance to breakage is required to ensure safety. The end-us

  Market Overview: Mesitylene, also known as 1,3,5-trimethylbenzene, is an aromatic hydrocarbon. It is a colorless liquid that is widely used as a precursor in various industries such as solvents, gasoline additives, construction chemicals, and others. Market Dynamics: The demand for mesitylene is projected to increase significantly owing to expanding solvent applications in the paints & coatings industry. Mesitylene is primarily used as a solvent in paints & coatings due to its ideal evaporation rate and low odor. It is employed in formulations to decrease surface tension and improve adhesion. Furthermore, mesitylene also finds application as a gasoline additive to enhance the octane number. The growing petrochemical industry along with expansion of gasoline additive application is anticipated to propel the mesitylene market growth over the forecast period 2023-2030. Major Driver: High demand from technical textiles industry boosting mesitylene market growth The technical text

  Market Overview: Oilfield stimulation chemicals are used to enhance oil recovery from reservoirs during drilling and completion operations. These chemicals help in the cleaning and acidizing of oil wells. Market Dynamics: Rising exploration and production activities globally are expected to drive the growth of the  oilfield stimulation chemicals market  during the forecast period. Development of unconventional oil and gas reserves require stimulating reservoirs using chemicals in order to enhance oil and gas recovery. Furthermore, aging oilfields require re-stimulation and enhancement techniques using stimulation chemicals to boost production. According to the IEA, global oil demand is estimated to reach pre-pandemic levels by 2023 with projections of continued growth through 2030, further propelling the demand for oilfield stimulation chemicals. In addition, the increasing complexity of oil reservoirs has led E&P companies to use advanced stimulation techniques and customized ch

  The global Gypsum Board Market is estimated to be valued at US$56.68 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Gypsum board, also known as drywall or plasterboard, is used widely in commercial real estate for interior wall construction. It offers advantages such as fire resistance, sound absorption and ease of installation. Demand from the growing commercial real estate sector is driving growth of the gypsum board market. Market key trends: One of the key trends in the gypsum board market is the growing popularity of moisture resistant gypsum boards. Exposure to moisture can damage regular gypsum boards. Moisture resistant gypsum boards have special additives that make them resistant to damp conditions like high humidity areas. They are increasingly being used in bathrooms and other high moisture areas in buildings. Another trend is the use of gyp

  The global Sulfur Coated Urea Market is estimated to be valued at US$ 1,453 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Sulfur coated urea fertilizers have sulfur and urea coated together, providing nitrogen to plants over an extended period. This prevents loss of nitrogen through leaching and ensures consistent release of nutrients required for healthy growth of crops. Market key trends: Increased adoption of precision farming is one of the major trends witnessed in the sulfur coated urea market . Precision farming is an advanced agricultural management concept which utilizes technologies like GPS, GIS, IoT and robotics to improve crop productivity. It enables precise application of fertilizers according to the needs of individual plants thus preventing over usage. This environment friendly practice is gaining popularity among farmers worldwide. Se

The global Fender Rope Market is estimated to be valued at US$ 679.4 Million 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. Market Overview: Fender rope, also known as fendering rope, is a specialized polypropylene rope that is used to protect boats, ships, and docks from damage during docking and berthing. Key advantages of fender ropes include durability, strength, flexibility, resistance to UV rays and aging. Fender ropes play a vital role in preventing collision damage between vessels and dock infrastructure. Market key trends: One of the key trends gaining traction in the fender rope market is the rising demand for texturized polypropylene fender ropes. Texturized polypropylene fender ropes have a rough uneven surface that provides better grip and wear resistance compared to standard smooth PP ropes. The texturized surface prevents ropes from slipping and ensures maxi

  Market Overview: On-the-go breakfast products include cereals, breakfast bars, toast, bagels, and other snacks. These products provide convenience and nutrition to consumers who are constantly on the move. Market Dynamics: The  on-the-go breakfast products market  is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, people are becoming increasingly busy due to evolving lifestyles and fast-paced routines. Their hectic schedules leave little time for a traditional breakfast at home. On-the-go breakfast options provide easy, mess-free and portable solutions. Secondly, consumers are gravitating towards convenient pre-packaged foods that offer nutrition on the run. Leading brands are innovating product formulations that align with growing consumer demand for natural, clean-label and plant-based snacks and meals. The combination of these drivers is expected to support continued market expansion through 2030. Rising Demand for Healthier and C

  Market Overview: Banana puree is made from fully ripened banana which is finely mashed or sieved to obtain a smooth consistency. It is widely used in baby food products, yogurt, ice cream and other desserts due to its sweet taste and high nutritional profile. Market Dynamics: The  banana puree market  is expected to witness significant growth over the forecast period owing to high nutritional profile of bananas and growing demand for plant-based and organic baby food products. Banana puree is rich in potassium, vitamin C and fiber which make it healthier option for baby food products compared to other fruits. Additionally, increasing number of working women and dual income households have boosted the demand for convenient and ready-to-mix baby food products, thereby propelling the banana puree market growth. Growing demand from processed food industry is driving the banana puree market The processed food industry has been witnessing significant growth in demand for banana puree. Bana