Chemical Insights - Industry Forecast

  The global NPK fertilizers market was estimated at USD 94.60 billion in 2023 and is projected to grow at a CAGR of 3.1% from 2024 to 2030. The increasing adoption of farming and enhanced crop protection offered by market products contribute to the market's growth. In addition, the rising consumption of dairy and meat products and the growing awareness about food and feed quality are key factors driving the market's expansion. NPK fertilizer is a chemical fertilizer that contains three primary nutrients: nitrogen (N), phosphorus (P), and potassium (K). These are important in horticulture and modern agriculture. Nitrogen is vital for leafy green growth, as it plays a key role in forming enzymes, proteins, and chlorophyll. The product helps to enhance the plant's photosynthetic capacity and vigorous foliage. Phosphorus aids in root development, fruit and flower formation, and overall energy transfer within the plant. Potassium supports various metabolic processes and enhance...

  The North America industrial vending machine market size is expected to reach USD 2.00 billion by 2030, expanding at 9.6% CAGR from 2023 to 2030, according to a new study by Grand View Research Inc. Industrial vending machines have grown in popularity in North America, where they can be found in diverse locations such as manufacturing factories, warehouses, and distribution centers. These machines let staff easily access equipment and supplies while allowing management to check usage and limit expenditures. Also, the need for improved inventory management, cost control, and increased safety measures is driving the market. One of the main driving factors in the market is the requirement for firms to improve their inventory management operations. Many firms require assistance in maintaining inventory levels, which can lead to stockouts and production delays. This challenge is addressed by industrial vending machines, which provide real-time inventory tracking and automated restocki...

  The global non-thermal pasteurization market size is anticipated to reach USD 6.82 billion by 2030, expanding at a CAGR of 20.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for minimally processed and natural foods is considered an important factor driving the demand. As consumers are becoming more health-conscious and demanding foods with increased shelf life, the demand for non-thermal pasteurization equipment is anticipated to grow over the forecast period. The rising demand for energy-efficient, scalable, commercially viable, and cost-efficient pasteurization methods is fueling the demand for non-thermal pasteurization equipment. The food & beverage industry players are consistently investing to adopt new equipment and processes that can improve the shelf life of products and food safety and cater to their unique operational and business needs. The escalating demand for meat and poultry products in the U.S. has become a sign...

  The global kaolin market size is expected to reach USD 5.22 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline. According to the stats released by the United States Geological Survey (USGS) in 2022, the global production of kaolin was estimated at around 46 million tons in 2020. The key kaolin-producing countries are the U.S., Uzbekistan, China, India, Germany, the Czech Republic, and others. Among these countries, India was the front runner with a total estimated production volume of approximately 7.6 million tons in 2020. Key global players in the kaolin industry include BASF SE, Sibelco, and Imerys SA. There are no significant merger & acquisition activities observed in recent years. Although, Sibelco N.V. and Thiele Kaolin Company initiated some acqu...