Chemical Insights - Industry Forecast

  The global wax emulsion market size is expected to reach USD 3.07 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by several key factors, such as  rising consumption in the paints and coatings industry in order to improve scratch resistance, impart gloss and sheen, enhance water repellency, and provide a smooth finish. In addition, wax emulsion products also find extensive application in adhesives and sealants, where they contribute superior bonding strength, flexibility to accommodate joint movement and resistance to moisture and environmental elements. Furthermore, industries such as textiles utilize wax emulsions due to impart softness, water repellency, and crease resistance to fabrics.   The report “ Wax Emulsion Market Size, Share & Trends Analysis Report, By Material (Synthetic & Natural), By Product (Paraffin, Carnauba), By End Use, By Region And Segment Forecasts, 2024 – 20

Tappet Market Growth & Trends The global tappet market size is expected to reach USD billion by 2030, registering a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The automotive sector drives the market and remains the primary driver of the market.  As global demand for automobiles continues to rise, particularly in emerging economies, there is a proportional increase in the need for engine components like tappets, also known as valve lifters or cam followers. The rising transportation industry is witnessing growth due to rising per capita income leading to the demand for niche and luxury cars is also rising due to changing consumer preferences and interests. As a result, consumers are inclined toward vehicles with variations in shapes, automobile bodies, and styles. This has led to technological developments in the manufacturing of different types of vehicles, which, in turn, act as a growth driver for the transportation industry.   The