Chemical Industry Updates

  Propylene forms an essential starting material for the manufacturing of various synthetic resins and fibers which are extensively used across diverse end-use industries. Propylene is used in the production of polypropylene which finds widespread usage in packaging films, containers, laboratory equipment, consumer products and automobile interiors among others due to attributes such as high chemical resistance, durability and lightweight. With mounting demand for lightweight and durable materials from automotive and construction industries, production of polypropylene is experiencing considerable growth. The global propylene market is estimated to be valued at US$ 175 Billion in 2023 and is expected to exhibit a CAGR of 5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for propylene  is witnessing significant rise mainly attributable to growing application of polypropylene in the automot...

  Rigid packaging provides protection and extends the shelf life of packaged products. It includes bottles, jars, and cans made from metals, glass, and plastics. Rigid packaging is increasingly being adopted for beverages, food, personal care, and pharmaceutical products owing to its durability and reuse properties. The global Rigid Packaging Market is estimated to be valued at US$ 270 billion in 2024 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: Sustainable production has become one of the key trends in the rigid packagingmarket . Manufacturers are focusing on reducing the carbon footprint of rigid packaging production by adopting renewable energy sources and recyclable or biodegradable packaging materials. For instance, packaging companies are using recycled plastics, plant-based plastics, and renewable energy in manufacturing processes. The shift towards...

  Outdoor furniture including seating sets, dining sets, and lounging equipment are used for relaxation and enjoyment in outdoor spaces such as patios, lawns, gardens and decks. These furniture enhance the outdoor spaces and provide comfort similar to indoor spaces. Grills are used for outdoor cooking and come in various fuel types including gas grills and charcoal grills. Rising consumer preference for spending leisure time with family and friends outdoors is driving the demand for these products in the global market. The global Outdoor Furniture and Grill Market is estimated to be valued at US$52.53 billion 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: Growing interest of population in outdoor recreation has accelerated the demand for better outdoor spaces and amenities over the past few years. Consumers are actively investing in upgrading their ...

  Diesel exhaust fluid, also known as aqueous urea solution or DEF, is an essential fluid for selective catalytic reduction (SCR) system to lower NOx emissions from diesel engines. DEF improves air quality by converting over 90% of harmful nitrogen oxides in diesel exhaust into harmless nitrogen and water vapor through the SCR process. With increasingly stringent emission regulations to curb air pollution, the demand for DEF from on-road vehicles, construction equipment, trucks, buses, farm machinery, mining equipment etc. has increased substantially. The global Diesel Exhaust Fluid Market is estimated to be valued at US$ 11.60 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Emission regulations have made DEF tanks mandatory for diesel vehicles and machines powered by diesel engines. Factors such as widespread availability of DEF, educational initiat...

  Waste and biomass valorization refer to the process of converting waste and biomass resources, such as municipal solid waste (MSW), agricultural waste and forestry residues into valuable products that include chemicals, materials and fuels through various thermochemical and biochemical processes. The rising awareness regarding sustainable waste management and increasing focus on development of renewable energy have accelerated the production of fuels and materials from waste and biomass. The global Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is estimated to be valued at US$ 118.9 billion in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing utilization of biomass and municipal solid waste for energy production in developing renewable energy sector across Asia Pacific countries has been a key market trend....

  Egg processing involves sorting, grading, packing and refrigerating of eggs. It provides benefits like standardized sizing, grading for quality, and longer shelf life. The need for processed and packaged eggs is rising due to changing consumer lifestyles and busy schedules. The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Automation is one of the key trends boosting growth in the egg processing market . Automated equipment enables efficient sorting, grading, cracking and separation of eggs from shells at high speeds with minimal human intervention. This improves productivity and consistency in quality. Automated solutions integrate technologies like machine vision and artificial intelligence for accurate detection of flaws or cracks in eggshells. They are easy to operate and help mi...

  Cloud kitchens, also known as commercial kitchen spaces dedicated to delivery and take-out, allow restaurants to operate without the costly real estate of a traditional brick-and-mortar storefront. Cloud kitchens are designed specifically for online food ordering and delivery. They provide commercial kitchen space along with essential supplies and services for restaurant owners and food businesses. With rising demand for delivery-only meals and increasing preference towards on-demand food delivery services, cloud kitchens enable restaurants to meet customer demand in a cost-effective manner. The global Cloud Kitchen Market is estimated to be valued at US$ 100.46 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 key trends: As highlighted in the heading, the increasing demand for delivery-only meals is one of the key trends driving the growth of the cloud kitche...