Chemical Industry Updates

  Perfume has been an integral part of culture and fashion globally for a long time. Luxury perfumes provide an enhanced sensory experience and are status symbols depicting affluence and brand consciousness. Key advantages include premium quality ingredients, intricate fragrances appealing to diverse demographic segments, and distinctive designer branding. The adoption of luxury perfumes has been rising among the affluent population as they are treated as lifestyle accessories enriching personal image and self-expression. Global luxury perfumes market is estimated to be valued at US$ 13.54 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period. Key Takeaways Key players operating in the luxury perfumes market are the Estee Lauder Companies Inc., Chanel Inc., Hermes Europe GmbH, Ralf Lauren Corp, Kering S.A., Gianni Versace S.p.A., Christian Dior S.A., eau de, Tom Ford, Prada S.p.A, and Moet Hennessy Louis Vuitton S.A. (LVMH). Chanel and LVMH have been domi...

  The luxury jewelry market has witnessed considerable traction over the recent years owing to increased spending on premium products among high-net-worth individuals. Luxury jewelry comprises jewelry made of precious metals and gemstones. They incorporate fine designs, exclusive craftsmanship and use of high-quality raw materials. Luxury jewelry plays an instrumental role in portraying status, power and taste. The need for luxury jewelry mostly arises from affluent customers seeking to make a style statement and project an aura of opulence. The global luxury jewelry market is estimated to be valued at US$ 60.11 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period of 2024 to 2031. Key Takeaways Key players operating in the luxury jewelry market are Gucciogucci S.P.A., Harry Winston, Inc., Societe Cartier, Tiffany & Co., Compagnie Financiere Richemont SA, Buccellati Holding Italia SpA, Graff Diamonds Corporation, Bulgari S.p.A, K. Mikimoto & Co., L...

  Acne breakouts are something most people experience during their teenage years or young adulthood. For some, acne can persist well into their 30s and beyond. No matter what age acne strikes, it can certainly take a toll on one's confidence and self-esteem. Thankfully, the beauty industry has made huge strides in developing effective anti-acne cosmetic products that help clear breakouts and keep skin looking and feeling clear. These specially formulated skin care items work to treat existing breakouts while also preventing future ones from occurring. Let's take a closer look at some of the top anti-acne cosmetics on the market today and how they are revolutionizing the way we approach problematic skin. Cleansers Designed to Clear Congested Pores One of the most important steps in any skin care routine is cleansing. For acne-prone skin, it's essential to use a cleanser that can remove excess oil, dirt and debris from pores without over-drying the skin. Many leading anti-...

  Understanding Agrochemicals Introduction Agrochemicals play a vital role in modern agriculture by helping farmers protect their crops from pests and increase crop yields. From pesticides to fertilizers, agrochemicals have enabled farmers to grow enough food to feed a growing global population. However, the extensive use of some agrochemicals has also led to environmental and health concerns. In this article, we will explore what agrochemicals are, their benefits and impacts. What are Agrochemicals? Agrochemicals refer to chemical products used in agriculture to protect plants or improve crop growth. They include three main categories - pesticides, fertilizers and other agrochemical products. Pesticides are chemicals used to control or kill unwanted organisms such as insects, rodents, fungi and unwanted plants that harm crops or livestock. They include insecticides for insects, herbicides for weeds, fungicides for fungi and rodenticides for rodents. Fertilizers are agrochemica...

  The LNG bunkering market comprises liquefied natural gas (LNG) that is specifically produced for use as fuel for ships and containers. LNG is a cleaner alternative fuel to bunker oil and marine diesel oil and helps reduce emissions including sulfur oxides (SOx), nitrogen oxides (NOx) and particulate matters. It has the advantages of being cost effective, more environment friendly and readily available. With increasing global trade and seaborne freight, the demand from shipping industry for cleaner fuel is growing rapidly. The Global LNG bunkering market is estimated to be valued at US$ 806.2 Mn in 2024 and is expected to exhibit a CAGR of 36% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the LNG bunkering market are Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG. The companies are invest...

  The global high purity alumina market via HCL leaching is estimated to be valued at US$ 2.4 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030. High purity alumina or HPA is an extremely high purity form of aluminum oxide. It has a minimum purity level of 99.99% and finds extensive application in LEDs, semiconductors, lithium-ion batteries, and other applications that require ultra-high purity. Compared to other production methods, HCL leaching offers cost-effective production of HPA. Key Takeaways Key players operating in the high purity alumina market via HCL leaching are Alcoa Inc., Bukowski, Orbite Technologies Inc., Altech Chemicals Limited, Sumitomo Chemical Co., Xuancheng Jingrui New Material Co., Ltd., Nippon Light Metal Company Ltd., Dalian Hiland Photoelectric Material Co., Ltd., Sasol, and Rusal. These players are focusing on capacity expansion plans and backward integration strategies to gain a competitive edge in the market....

  Concrete bonding agents are adhesives that are used to join concrete surfaces like concrete to concrete, concrete to other materials or even repair cracks in concrete. They provide exceptional strength and durability. With rapid urbanization and growing infrastructure development activities across both developed and emerging economies, the demand for concrete and related materials like concrete bonding agents has accelerated. The global Concrete Bonding Agents Market is estimated to be valued at US$ 2,773.5 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing number of infrastructure development projects like construction of buildings, roads, bridges etc driven by growing urbanization is a major factor driving the demand for concrete bonding agents. Various governments across regions like Asia Pacific, Latin America, Middle East and Afric...

  Renewable chemicals are bio-based chemicals derived from biomass like plant, animal, and marine materials instead of petroleum. Renewable chemicals provide environment-friendly alternatives for various applications like healthcare, construction, food & beverages packaging, textiles, and personal care. They are biodegradable and contribute to reducing dependency on fossil fuels. The global Renewable Chemicals Market is estimated to be valued at US$ 13.98 4 Bn in 2023 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 key trends: One of the key trends driving the renewable chemicals market is the growing focus toward developing sustainable alternatives. There is increasing awareness regarding the environmental impact of petroleum-based chemicals. Various regions are announcing policies and regulations to promote the use of renewable chemicals in different industries. For i...

  Diaper bags are convenient bags specifically designed for carrying baby care products and accessories when travelling with infants and toddlers. Diaper bags provide extra storage space for diapers, wipes, clothes, toys, and other baby essentials. They are often required by new parents and come in various styles including backpacks, messenger bags, tote bags and handbags. The global Diaper Bag Market is estimated to be valued at US$ 705.97 Mn in 2023 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving growth in the diaper bag market is the rising global birth rates. According to the United Nations, the world's population is expected to reach around 8.5 billion by 2030 and 9.7 billion by 2050. Asia and Africa in particular are expected to contribute significantly to this global population growth. Countries such as India, China, Nigeri...

  The Asia Pacific waste and biomass valorization market consists of converting waste and residual biomass into reusable products through various processes such as biological, thermal, and chemical treatment. Some key applications of waste and biomass valorization include production of biofuels, fertilizers, materials, and energy. The growing volumes of municipal solid waste and agricultural residues in countries like China, India, Japan, and South Korea have boosted the need for adequate and sustainable waste management. Stringent environmental regulations regarding proper waste disposal and recycling are being implemented in the region to reduce pollution and improve resource utilization. The Global Asia Pacific waste and biomass valorization market is estimated to be valued at US$ 36.84 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period of 2023 to 2030. Key Takeaways Key players operating in the Asia Pacific waste and biomass valorization are Hitac...

  Lactic acid is an organic acid produced naturally through fermentation of sugars by lactic acid bacteria. It is commonly used as an acidulant in food and beverage industry to maintain acidity levels. Lactic acid finds application as a preservative to prevent microbial spoilage. Other applications include use as a chemical intermediate in production of biodegradable polymers such as polylactic acid. Growing emphasis on bio based and sustainable products is augmenting the demand for lactic acid from bioplastics industry. It also serves as a natural moisturizer in personal care products like facial creams. In pharmaceuticals, lactic acid is used as an excipient and active ingredient in various drugs and medicines. The Global Lactic Acid Market is estimated to be valued at US$ 3,124.0 Mn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Lactic Acid market are Futerro, BASF SE, Galactic, Henan Jindan L...

  The Latin America barley market comprises barley and barley products such as malt, brewer's grains and barley flour. Barley is majorly cultivated as a grain crop for brewing, distilling and malt production in the region. It provides antioxidants, fiber and various vitamins and minerals. The demand for barley is increasing in the region due to rising consumption of craft beer. Craft beer is an artisanal beer made by small, independent and traditional breweries. The market for craft beer has expanded significantly in Latin America over the past few years owing to growing popularity of microbreweries. The Global Latin America Barley Market is estimated to be valued at US$ 3.44 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Latin America barley market are Grain crop Limited, Malteurop Group, Soufflet Group, Crisp Malting Group, Global Malt Gmbh & Co. Kg, Ireks Gmbh, Muntons Plc, Maltexco S....

  Hydrogenated polyisobutene is a synthetic polymer ingredient used in various cosmetics and skincare products due to its emollient and non-irritating properties. it helps improve the spreadability, texture and feel of personal care formulations. Hydrogenated polyisobutene has an excellent spreadability and lubrication effect that makes it an ideal base material for products like moisturizers, creams, lotions, and other skincare products. The rising demand for multi-benefit cosmetic products among consumers is a key factor driving the use of hydrogenated polyisobutene. The Global hydrogenated polyisobutene market is estimated to be valued at US$ 17.33 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the hydrogenated polyisobutene market are A&E Connock, BASF SE, Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Tec...

  The global food stabilizer market comprises various products such as pectin, agar, carrageenan, gelatin, etc that help stabilize food textures and viscosity. These products play a vital role in improving taste, texture, and shelf life of convenience food and beverage products. The rising demand for packed and processed food items among growing population is driving the growth of the food stabilizer market. The increasing consumption of dairy, beverages, confectionery products has created significant opportunities for stabilizer manufactures. The Global food stabilizer market is estimated to be valued at US$ 9.5 Billion in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the food stabilizer market are BASF SE, Cargill Inc., Celanese Corporation, Chr. Hansen A/S, DuPont, JEY'S F.I. INC, Kerry Group, Koninklijke DSM N.V, and The Archer Daniels Midland Company. These major players are focusing on new produ...

  Market Overview: Fluorosurfactants are fluorocarbon-based surfactants that have exceptionally low surface tension and strong water and oil repellency. They are primarily used as processing aids in the production of fluoropolymers, paints & coatings, adhesives, and other specialty chemicals. Fluorosurfactants improve the wettability, leveling, and penetration of various paints and coatings. They allow uniform spreading and coverage over surfaces with minimal quantity. Fluorosurfactants also increase chemical resistance and corrosion protection of coatings. Due to such advantages, fluorosurfactants find wide applications in automotive, architectural, and industrial paints & coatings. The Global fluorosurfactant market is estimated to be valued at US$ 684.6 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period of 2024 to 2031. Key Takeaways Key players operating in the fluorosurfactant market include The Chemours Company, Merck KGaA, The 3M Company...