Chemical Industry Updates

  Coil coatings are coating compositions applied to continuous coils of sheet metal during continuous processing. These coatings offer superior corrosion resistance and durability on steel or aluminum coils that are used in a variety of applications such as architectural products, appliances, automotive parts. The growing construction industry has fueled the demand for coil coatings owing to their advantages such as durability, resistant to corrosion, and easy maintenance. The global Coil Coatings Market is estimated to be valued at US$ 1,510.97 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 key trends: Sustainability trends have been accelerating growth in the coil coatings market . Rising environmental consciousness among consumers and regulators has increased demand for eco-friendly coil coatings. Major players are focusing on developing bio-based and recyclabl

Disinfectants are chemical products used to kill microorganisms and eliminate infection-causing agents. Disinfectants are extensively used in hospitals, clinics, laboratories and households to maintain hygiene and safety. Increased awareness among consumers towards hygiene and safety during the ongoing COVID-19 pandemic has led to significant rise in demand for disinfectants. The global disinfectants market is estimated to be valued at US$ 49.00 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The key trend that has accelerated the growth of disinfectants market is the rising awareness towards hygiene and safety during the ongoing COVID-19 pandemic. The pandemic has made people more conscious about sanitization and hygiene of surfaces. As a result, the demand for disinfectants surged significantly from hospitals and healthcare facilities as well as ho

  High purity alumina (HPA) is a non-metallurgical high purity alumina with a minimum purity level of 99.99%. HPA has high structural stability, excellent insulation properties and high purity that makes it suitable for LEDs, electronic components and lithium-ion batteries. HCL leaching is a commonly used process for purifying alumina to higher grades involving leaching of bauxite or alumina with hydrochloric acid to dissolve impurities. The global HCL Leaching High Purity Alumina Market is estimated to be valued at US$ 6.8 billion in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: HCL leaching technology allows production of higher grade alumina at lower costs as compared to other production processes such as hydrochloric acid leaching. This is attributed to HCL leaching’s ability to effectively dissolve and extract impurities from alumina feedstock.Growing d

  Fitness Equipment such as treadmills, exercise bikes and free weights help maintain cardiovascular health and muscle strength. With product connectivity features and custom workout programs, they provide a convenient way to maintain fitness in the comfort of one's home. The global Fitness Equipment Market is estimated to be valued at US$ 20.84 billion in 2023 and is expected to exhibit a CAGR of 1.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The popularity of home fitness has accelerated growth in the Fitness Equipment Market. With disruptions in gym openings and limitations on public workouts during the pandemic, home workouts became a necessity. This prompted many consumers to purchase basic fitness essentials and invest in smart home gym equipment. Online workout classes and social media further supported home exercise routines. As a result, treadmills, stationary bikes and other cardiovas

  Cocoa is primarily used in chocolate confectionery and snack products. It provides multiple health benefits owing to presence of antioxidants. Growing awareness about health benefits associated with dark and premium chocolates is spurring the demand. Also, changing dietary patterns and rising disposable incomes in developing regions are increasing the affordability of premium chocolates among consumers. The global cocoa market is estimated to be valued at US$ 11,499.6 Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for premium and dark chocolates is growing at a rapid pace globally. Not only they provide various health benefits but also have bigger margins for chocolate manufacturers. Various chocolate brands are launching premium products with higher cocoa content to target health conscious consumers. They are promoting antioxidants and oth

  Washable finger paints are a type of paint used primarily by preschoolers and kindergarten kids for creative exploration and learning. These paints can be easily applied and removed from skin with just water, allowing young children to freely experiment with color and textures. The global Washable Finger Paint Market is estimated to be valued at US$ 2,363.3 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising enrollment in preschool education across both developing and developed countries has boosted the popularity of washable finger paints among parents and educators. According to recent surveys, over 80% of American parents encourage creativity and artistic skills in preschoolers through usage of finger paints. Leading manufacturers are introducing innovative product lines with fun scents and textures targeted towards toddlers and kindergarten curr

  Itaconic acid is extensively used in the production of detergents, personal care products, and paints, along with being utilized as a substitute to acrylic acid. The personal care industry has shown increased demand for itaconic acid owing to its abilities to act as thickening agents, emulsifiers and binders in personal care products like shampoos, shower gels, lotions and creams. The global Itaconic acid Market is estimated to be valued at US$ 134.1 million 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 key trends: The demand for itaconic acid from personal care products is poised to show significant growth over the forecast period owing to rising awareness regarding personal grooming. The increased spending on personal care products coupled with the natural and eco-friendly properties of itaconic acid which makes it an attractive alternative to synthetic compounds

  Chemical drums are air and watertight cylindrical containers primarily used for the storage, handling and transportation of various liquid chemicals and hazardous materials. Chemical drums come in a variety of materials like steel, plastic and fiber with polyethylene and polypropylene being commonly used plastics owing to their chemical resistance and durability properties. The global Chemical Drums Market is estimated to be valued at US$ 21.44 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased global trade of chemicals over the years has been a key factor driving the demand for chemical drums for safe transportation of liquid chemicals across regions. Chemical drums being cost-effective and reusable means of transportation are highly preferred by chemical manufacturers and distributors. Furthermore, stringent regulations around the world r

  A fender rope is a type of rope commonly used for mooring and towing large ships and offshore oil and gas rigs. Fender ropes are made from durable synthetic fibers such as polyethylene, polypropylene, and polyester which offer superior strength, flexibility, and resistance to environmental degradation as compared to conventional natural fiber ropes. The growing offshore oil and gas exploration activities around the world have driven the demand for specialized ships and rigs that require heavy-duty mooring solutions. The global fender rope market is estimated to be valued at US$ 679.4 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for fender ropes has been accelerated by increased offshore oil and gas exploration activities in recent years. Many countries globally have launched initiatives to boost oil and gas production from offshore reserves

  Polyurethane prepolymer is widely adopted in numerous industries for manufacturing of flexible foams, rigid foams, sealants, adhesives, coatings, and elastomers. Flexible foams such as bedding, carpet cushion, and automotive seating utilize polyurethane prepolymer for its thermal and acoustic insulation properties. The thermal insulation provided by polyurethane flexiible foams helps regulate temperature and provides comfort. The global polyurethane prepolymer market is estimated to be valued at US$ 18.3 billion in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023-2031. Market key trends: The increasing demand for thermal insulation from various end-use industries such as construction, automotive, healthcare, and packaging is driving the growth of the polyurethane prepolymer market . Polyurethane has emerged as an effective insulation material owing to its high insulation rating and excellent thermal resistance. The growing construction activities across b

  Acid pickle rolls help remove scale, rust or oxide films from metallic surfaces and accurately prepare them for subsequent processing such as coating or plating to improve corrosion resistance. The demand for acid pickling rolls have increased in various end-use industries such as automotive, oil & gas, marine, energy, and general engineering to enhance product durability. The global Acid Pickling Roll Market is estimated to be valued at US$ 1,167 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing adoption of anti-rust acid pickling rolls to increase product lifespan across various corrosion prone industrial applications has accelerated the growth of the acid pickling roll market. Acid pickling rolls equipped with advanced rust removal properties efficiently prepare metallic surfaces and ensure long term corrosion protection. Major market

  Back stretchers are medical devices used primarily to relieve lower back pain by stretching the muscles of the back. They help the user achieve spinal decompression, stretching the spine to take pressure off the discs and nerves. The increasing prevalence of poor lifestyle habits and sedentary office jobs has significantly contributed to the rising incidence of lower back pain across the globe. This has accelerated the demand for back stretchers as an inexpensive and convenient option for back pain relief at home. The global Back Stretchers Market is estimated to be valued at US$ 162.2 Mn 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 key trends: One of the major trends disrupting the back stretchers market is the rapid growth in the e-commerce industry. Earlier, back stretchers were primarily sold through retail specialty stores and physical therapists' clinic

  3D printing extrusion materials, also known as filaments, are plastic or metal materials used for additive manufacturing or 3D printing process. These materials are available in the form of filaments or pellets which are fed into a 3D printer through an extruder. Commonly used 3D printing extrusion materials include polylactic acid (PLA), acrylonitrile butadiene styrene (ABS), polyethylene terephthalate (PET), high-impact polystyrene (HIPS), nylon, and wax among others. They are used to manufacture various prototypes, functional parts, and finished goods across industries due to advantages like reduced waste, mass customization, and complex 3D geometries manufacturing. The global 3D printing extrusion materials market is estimated to be valued at US$ 4 billion in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity in healthcare applications is

Silicon (Si) lenses are optical components that find widespread application in imaging and lighting systems of consumer electronics. Si lenses offer advantages such as compact size, weight reduction, high resolution and durability over conventional lenses. There is growing demand for advanced camera modules and displays with enhanced pixel density in mobile phones, tablets, wearables and home appliances. The global Silicon (Si) Lenses Market is estimated to be valued at US$ 215.2 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of Si lenses in camera modules and displays of consumer electronics is one of the major trends driving the growth of the global Si lenses market. Manufacturers are increasingly developing thinner and sharper displays with higher pixel densities for enhanced viewing experience. This is boosting the demand for

  Sanding blocks are used to smooth wood surfaces and remove excess material during wood finishing or repair processes. They consist of a resin-bonded abrasive paper or cloth attached to a wood or plastic backing for uniform pressure distribution. Sanding blocks enable precise sanding of flat and contoured surfaces as compared to loose abrasive papers. They produce better surface finishes and are safer to handle. The global Sanding Block Market is estimated to be valued at US$ 450 million in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from the manufacturing industry is one of the key trends accelerating the growth of the sanding block market. Sanding blocks are extensively used in woodworking, furniture manufacturing, shipbuilding, and automotive industries for smoothing surfaces and achieving the desired finish. They provide better con

  Polishing cloths are integral part of cleaning and polishing surfaces to provide shine and protection. They are made up of soft cotton or microfiber material and helps removing dirt, dust, grime and fine scratches from variety of surfaces like vehicles, furniture, flooring and more. Polishing cloths protects the surfaces from corrosion and extends their life. The global Polishing Cloth Market is estimated to be valued at US$ 527.3 million 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 key trends: Rising demand from automotive and industrial sectors has been a key trend driving the growth of polishing cloth market . Polishing cloths plays a vital role in maintaining shiny appearance of vehicles and machinery used in various industries like manufacturing, construction, mining etc. growing automotive production along with increasing disposable income has fueled the sa

  Magnesium oxide, also known as magnesia, is an inorganic compound used as a refractory material in various industries due to its high heat resistance. Magnesium oxide has high melting point and is non-combustible in nature. Its products such as calcined magnesia, dead burned magnesia and fused magnesia are used in basic refractory linings, monolithic refractories and special structural refractory materials. The global Magnesium Oxide Market is estimated to be valued at US$ 6.8 billion 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 key trends : The increasing usage of magnesium oxide in refractories accounts for nearly half of the global magnesium oxide consumption. Magnesium oxide is highly preferred as a refractory material in basic linings for steel, cement, lime, glass, non-ferrous and specialty metal furnaces due to its heat resistance property. It imparts fire

  Frozen processed foods such as frozen pizza, meat products and ready-to-eat meals provide convenience to busy consumers by reducing cooking time. Growing demand for convenience due to changing lifestyles has led to rising consumption of frozen processed foods. The global Frozen Processed Food Market is estimated to be valued at US$ 167115.0 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing preference for convenience food is one of the major factors fueling the growth of the frozen processed food market . Rising number of working women and busy consumer schedules have increased the demand for convenient ready-to-eat food options that save time in cooking. Frozen processed foods meet this demand well as they can be easily prepared or reheated within minutes. Moreover, factors such as increase in disposable income and rising health awareness

The oilfield stimulation chemicals are essential components used in hydraulic fracturing and matrix acidizing processes to increase or restore oil and gas production wells. The chemicals enhance the permeability of oil and gas wells by creating micro-fractures in the rocks and dissolving carbonate formations. They include gelling agents, breakers, surfactants, biocides, and acids. The global Oilfield Stimulation Chemicals Market is estimated to be valued at US$ 4.27 Bn 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 key trends: The increasing offshore exploration activities are expected to drive the growth of the oilfield stimulation chemicals market over the forecast period. Offshore oilfield operations require advanced stimulation chemicals that can withstand high pressure and temperature. Moreover, deeper offshore reservoirs have low permeability requiring enhanc