Chemical Industry Updates

  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 insta

  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 Hitachi Z

  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 Lacti

  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 Technol

  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