Chemical Insights - Industry Forecast

  The global e-commerce apparel market size is expected to reach USD 1,160.56 billion in 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. This can be accredited to growing demand for apparel from developed countries. Boom in the e-commerce segment has been acting as a promoter for global market growth. The luxurious brands, which formerly were limited to the superior section of the civilization, traveling to fashion destinations like Paris and Milan have embraced people of all classes via the e-commerce channel. Ease of Payments, accessibility, and easy return policies are all producing a push for the market and are expected to accelerate the market growth during the forecast period. Moreover, a lockdown circumstance has been observed throughout the COVID 19, and it showed an impact on the apparel market due to delayed supply of the raw material products. However, it significantly impacted the supply chain of the ap...

The global fiber optics market size is expected to reach USD 14.93 billion by 2030 and exhibit a CAGR of 6.9% from 2023 to 2030, according to Grand View Research Inc. The growth is attributed to the rising government funding in developing secure infrastructures to avoid massacres. Rising terrorism is also appealing to government authorities and defense services of different countries to take initiatives and stringent steps and curb such occurrences. This has led to the evolution and adoption of several technological methods such as body cams, wearables, and other responders that keep the security personnel connected, irrespective of the user’s location and user fiber optics for communications. The concept of IoE (Internet of Everything) is attracting the security sector, worldwide, owing to the increasing awareness of the effectiveness and efficiency of the technology that aids in curbing national issues such as riots, massacres, killings, and other criminal offenses. The need for high...

The global petrochemicals market size is expected to reach USD 1002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics. Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region. Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are ...

  The global tris nonylphenyl phosphite market size was estimated at USD 347.68 million in 2023 and is projected to grow at a CAGR of 5.9% in terms of revenue from 2024 to 2030. The market is driven by the increasing demand for antioxidants in the polymer and plastic industry. The tris nonylphenyl phosphite (TNPP) is widely used as a heat stabilizer and antioxidant in various polymer applications to improve the thermal stability and durability of the final products. The growth of the automotive and construction industries, particularly in emerging economies, is further boosting the demand for TNPP. The growing awareness of the benefits of using antioxidants to extend the lifespan of polymers is expected to stimulate market growth. TNPP is primarily used as a stabilizer and antioxidant in processing various plastic materials (LLDPE, PVC, rubber, and HDPE) in concentrations between 0.05 and 3%. TNPP is an important process stabilizer for thermoplastic polymers such as polyethylene, p...

The global tertiary amines market size is projected to reach USD 6.05 billion by 2030, expanding at a CAGR of 5.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth. In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants. Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies inc...

  The global specialty silica market size is expected to reach USD 10.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.1% from 2022 to 2030. The increasing investments in the construction and infrastructure industry are expected to propel the demand for paints and coatings, and eventually benefit the product demand over the coming years. Governments across the world are trying to provide affordable houses to their citizens, which is expected to propel the demand for paint and coatings across the forecast period. For instance, in October 2021, the government of Israel announced a USD 5 billion housing plan from 2022 to 2025. The government is expected to start the construction of 280,000 homes over the next 4 years. Specialty silica is widely used as a key additive in various applications. Ascending product demand from various applications including rubber, food, paints and coatings, and abrasives are expected ...