Chemical Industry Updates

  Market Overview: Outdoor furniture and grills are used to furnish outdoor spaces such as patios, decks, backyards, and pools. Products under outdoor furniture include seating sets, tables, chairs etc. while outdoor grills include gas grills and charcoal grills used for outdoor cooking. Market Dynamics: The outdoor furniture and grill market is projected to grow at a rapid pace owing to rising consumer spending capacity and inclination towards outdoor activities and entertaining. Outdoor grills are increasingly being adopted for backyard parties and gatherings due to their convenience of cooking outdoors. Rising single-family homes with private outdoor spaces in the US and Europe is also fueling the demand for furniture and grills. Moreover, availability of these products through multiple distribution channels including online retailing has made accessibility easier, propelling market growth. Major Drivers of  Outdoor Furniture and Grill Market  Growth Due to Increasing ...

  Market Overview: Recovered carbon black (rCB) is a form of recycled carbon black produced from waste tyres and other rubber products. It is used in the production of various rubber goods and applications such as tires, mechanical rubber goods, and others. Market Dynamics: Two major drivers aiding the growth of  recovered carbon black market  are rising concerns over environmental pollution and stringent regulations regarding carbon emissions. Growing automotive industry worldwide has substantially increased the volume of discarded tires, which serves as a key source for recovered carbon black production. Various countries have implemented regulations banning the use of certain types of carbon black and enforcing the use of recovered carbon black to reduce carbon footprint. Also, recovered carbon black offers comparable quality and performance to that of virgin carbon black at a lower cost. This is encouraging manufacturers to increase reliance on rCB over conventional c...

  Latex ink is a dispersion of pigment particles in water, giving it high quality print output and versatility across different surfaces. Latex ink printers provide photo-realistic images at a very high resolution and speed. They are widely used for applications such as signage, advertising banners, indoor wallpapers and soft signage. The global Latex Ink Market is estimated to be valued at US$ 23.89 Bn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The widening applications of latex ink is one of the key trends fueling the market growth. Latex ink printers have found increasing usage beyond graphics arts applications into new areas like apparels and fabrics printing. The vibrant and sharp prints delivered by latex inks make them suitable for direct-to-fabric printing. Several latex ink manufacturers have launched high-quality inks compatible with vario...

  Duty free retailing refers to the selling of goods without any applicable taxes to international travelers. Duty free goods such as perfumes, cosmetics, wines and spirits, tobacco, luxury goods are sold at airport outlets as well as onboard aircrafts. The global duty free retailing market offers a wide variety of premium and luxury brands at discounted prices compared to normal retail outlets, thereby, attracting a large number of international passengers. The convenience of one-stop shopping and heavy discounts have augmented the demand for duty free products over the years. The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing international passenger air traffic has been a key growth driver for the duty free retailing market . According to the International Air Trans...

  Citrus pectin is a high-molecular-weight polysaccharide that is primarily extracted from citrus fruits such as oranges, limes, lemons and grapefruits. Citrus pectin is widely used as a gelling agent, thickening agent and stabilizer in various foods and beverages. Some key applications of citrus pectin include use in jams, jellies, fruit fillings, dairy products, bakery products and meat products. It helps in increasing the viscosity and setting properties of food products. The global citrus pectin market is estimated to be valued at US$ 580.6 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing applications of citrus pectin in various food and beverage applications is a major trend fueling growth of the global citrus pectin market over the forecast period. Citrus pectin is widely used as a gelling agent and stabilizer in jams, jellies, da...

  Silicon (Si) lenses are widely used in optical systems in the areas of consumer electronics, industrial equipment, life science devices, and defense equipment. Silicon (Si) lenses provide advantages such as lightweight, vibration resistance, thermal stability, and compact design. The growing consumer electronics industry is fueling the demand for miniaturized optical components with high performance. 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 rising demand for consumer electronics such as smartphones, tablets, cameras, and wearable devices is a major factor accelerating the adoption of silicon (Si) lenses. Silicon (Si) lenses offer various advantages that are well-suited for applications in compact consumer electronics devices. Miniaturization of electronics alo...

  Polyvinyl chloride, also known as PVC, is a synthetic resin mainly used in piping, windows and doors, flooring, wires and cables, and medical devices due to its cost-effectiveness and durability properties. PVC provides excellent resistance to corrosion and chemicals along with long-lasting performance making it suitable for diverse applications. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing usage of PVC in construction applications such as window frames, siding, roofing, pipes and fittings is expected to drive the market growth over the forecast period. PVC is commonly used in construction due to its durability, flexibility, weather-resistance and recyclable properties which have increased its popularity among construction companies. With growing constru...