Chemical Insights - Industry Forecast

 The growing demand from the waste and water management sector has given a boost to the waterproofing membrane market in the recent few years. Waterproofing membranes are crucial components in construction, designed to protect buildings from water ingress and ensure structural integrity. As urbanization continues to drive demand for durable and sustainable infrastructure, the waterproofing membrane industry is expected to witness significant growth. The global waterproofing membrane market size was pegged at USD 24.54 billion in 2023. This is expected to cross USD 40 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. In recent years, the market has seen a shift toward advanced materials such as modified bitumen, EPDM (ethylene propylene diene terpolymer), PVC (polyvinyl chloride), TPO (thermoplastic polyolefin), and others. These materials offer superior durability, flexibility, and resistance to environmental factors, thereby expanding their application scope across ro...

  The stainless steel market has witnessed impressive growth in recent years, largely attributed to the increased rate of large housing constructions and the rise in infrastructural investments. Besides, the surge in the application of stainless steel in automotive industries and other industrial machinery and plants has encouraged leading companies to invest in the landscape. The aforementioned trends are largely driving the global stainless steel industry. According to Grand View Research, the estimated market size was USD 117.63 billion in 2023 and it is expected to expand at a CAGR of 6.7% from 2024 to 2030.   Access the Stainless Steel Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   Stainless Steel in Construction: Building a Better Future Construction activities are one of the key drivers expediting the stainless steel market's growth. Stainless steel is growing on a large scale as there is a huge demand for housi...

  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...

  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 , compil...

  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 waterbor...

  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 r...

  Returnable Packaging Industry Data Book | Forecast 2030 Returnable Packaging Industry Data Book - Food & Beverage, Automotive, Consumer Durables and Healthcare Returnable Packaging Market The economic value generated by the returnable packaging industry was estimated at approximately USD 88.41 billion in 2022. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, manufacturers of returnable packaging products, distribution & supply, and application of returnable packaging. Based on product, the market is categorized into pallets, crates, immediate bulk containers (IBCs), drums & barrels, dunnage, and others. Pallets dominated the returnable packaging market in 2022 with the highest revenue share and are expected to maintain the dominance by 2030. Materials like wood, plastics, steel, and aluminum are commonly used for manufacturing the pallets. High load handling capacity and higher handling & storage efficienci...