Chemical Insights - Industry Forecast

  Petrochemicals Industry | Forecast 2030 The economic value generated by the petrochemicals market was estimated at approximately USD 556.1 billion in 2021. This economic output is an amalgamation of basic petrochemical products, namely, ethylene, propylene, butadiene, methanol and aromatics including benzene, toluene and xylene. Over the past year, the petrochemicals sector has witnessed a transition with regional asymmetries playing a significant role in the success. While the Chinese market has witnessed significant growth due to high investment on modernization of facilities & increase in foreign investment, the players in Middle East & North America regions have witnessed edge due to the availability of abundant gas feedstock. According to the International Energy Agency (IEA), the production of petrochemicals & its derivatives consumes approximately 14% & 8% of the oil & gas produced globally. This share is expected to increase to over 33% & 15% in 203

  Bioplastics Industry | Forecast 2030 The economic volume generated by the bioplastics industry was estimated at approximately 2,470.6 kilotons in 2021. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, compounding of bioplastics & their additives, distribution & supply, and application of bioplastics. Biodegradable product types in the bioplastic market include PLA, starch blends, PBAT, PBS, PHA and cellulose acetate. Polylactic acid plastic is likely to witness the fastest growth during the forecast period. PLA is widely gaining acceptance as a mulching film in agriculture owing to its biodegradability and superior mechanical properties. Similarly, PHA is gaining acceptance in biomedical and pharmaceutical applications. Its low toxicity and biodegradability have been instrumental in using it as a plastic product in medical applications.   Access the Global Bioplastics Industry Data Book, 2023 to 2030 , compiled with d

  Paints and Coatings Industry | Forecast 2030 The economic value generated by the paints & coatings industry was estimated at approximately USD 161.44 billion in 2022. This economic output is an amalgamation of basic paints & coatings product categories namely, high solids/radiation curing, powder coatings, waterborne coatings, solvent-borne coatings and other specialty coatings. Waterborne and powder-based coatings are gaining popularity among various end users owing to their properties such as low VOC content in comparison with solvent borne paints & coatings. Favorable governmental regulations regarding low VOC emission coatings, especially in North America and Europe, are anticipated to impact market growth positively over the foreseeable future. However, waterborne coatings are expensive as compared to other substitutes, including polyurethane and epoxy coatings. The high cost is due to high operational cost including raw material prices. The expensive waterborne c

  Plastics Industry | Forecast 2030 The economic value generated by the industry was estimated at approximately 307,966.7 kilotons in 2021. This economic output is an amalgamation of businesses that are involved in the manufacturing of plastics & their additives, distribution & supply, and application of plastics.  The value chain of the market consists of raw material suppliers, intermediate additives and filler producers, plastic manufacturers, and distributors/suppliers along with industrial end users.  They are extensively used in various end-use industries such as construction, automotive, and electrical & electronics, packaging, medical devices, agriculture, furniture & bedding, consumer goods, utility, and others.   Access the Global Plastics Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & tec