Chemical Insights - Industry Forecast

  The   U.S. trona market   is projected to reach a value of USD 1.58 billion by 2030, expanding at a compound annual growth rate (CAGR) of 3.5%, according to a recent report from Grand View Research, Inc. The increasing demand from the chemical and glass manufacturing sectors is expected to be a major driver of market growth over the forecast period. The U.S. benefits from a cost-effective structure for producing natural soda ash, which is likely to reduce competitive pressures from imports. Domestic producers possess advanced mining techniques and established production capacities, enabling them to manufacture natural soda ash at a lower cost compared to synthetic alternatives. Nonetheless, intensified export competition, particularly from China and Turkey, is anticipated to challenge U.S. market participants. The rising use of trona in air pollution control applications is expected to further contribute to market expansion. Manufacturers must ensure compliance with env...

  According to a new report by Grand View Research, Inc., the global market for   fire resistant cable materials   is projected to reach USD 718.8 million by 2027, growing at a CAGR of 4.4% between 2020 and 2027. The rising need for materials capable of enduring high temperatures or fire incidents for specific durations is expected to drive demand during the forecast period. The availability of advanced cable materials with superior heat and fire resistance is anticipated to boost their use in cable jacketing applications. Additionally, increasing deployment of electrical wiring systems in modern construction and industrial infrastructure is likely to create growth opportunities for the market. Strict regulations around green building practices in key regions such as North America and Europe are expected to further support the demand for fire-resistant cables. Ongoing technical advancements in wire insulation materials are also projected to positively influence market gro...

  The global   physical therapy software market   is projected to reach USD 2.52 billion by 2030, expanding at a CAGR of 11.0% over the forecast period, according to a new report by Grand View Research, Inc. This growth is primarily driven by advancements in health IT technologies, increased investment in the healthcare sector, and the integration of practice management with other health IT solutions. Additionally, the benefits offered by physical therapy software—such as reduced paperwork, minimized billing errors, and operational efficiency—are further contributing to market expansion. As physical therapists transition into more diverse and autonomous practice environments, the demand for effective and efficient clinical decision-making has increased. Accurate clinical judgments rely on having the right information available at the right time and in the appropriate format. Physical therapy software is designed to meet this need, thereby fueling market growth. The COVID-...

  The global   elastomers market   was valued at USD 104.0 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2030. This anticipated growth is largely driven by rising demand in the automotive industry, where lightweight and high-performance materials are increasingly required. Elastomers offer essential qualities such as durability and chemical resistance, making them highly suitable for automotive applications. Additionally, technological advancements in processing methods and the expanding use of elastomers in construction, medical, and consumer goods sectors are further propelling market growth. The increasing focus on sustainability and the adoption of bio-based elastomers are also contributing to this upward trajectory, as industries aim to minimize their environmental footprint. Elastomers, characterized by their elasticity and toughness, are vital across various industries. In the construction sector, growing de...

  According to a recent report by Grand View Research, Inc., the global   textile chemicals market   is projected to reach USD 36.14 billion by 2030, expanding at a CAGR of 4.5% from 2024 to 2030. This growth is largely attributed to the rising demand for textile products across key applications such as apparel, home furnishing, technical textiles, and more. The apparel industry's rapid expansion is expected to significantly boost demand for textile chemicals throughout the forecast period. In developing economies, increasing interest in modern and stylish home furnishing items is also contributing positively to market growth. A variety of chemicals, known as process chemicals, are utilized in textile manufacturing to deliver specific performance characteristics. These include biopolishing and desizing enzymes, flame retardants, antiviral and antimicrobial agents, lubricants and anti-crease agents, water and oil repellents, printing auxiliaries, and softening agents. Emer...

  The   U.S. parking deck coatings market   size is expected to reach USD 152.2 million by 2030, expanding at a CAGR of 6.9% from 2023 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by rising construction activities in the U.S. and the ascending demand for parking spaces in commercial buildings. The increasing usage of energy-saving and environment-friendly products is also expected to positively impact the market. The rising demand for parking space in office complexes, hospitals, educational institutes, and other public locations in the U.S. is anticipated to boost the consumption of effective parking deck solutions for providing wear & tear, corrosion, and thermal resistance. This, in turn, is predicted to fuel the demand for parking deck coatings in the coming years. Pigments, such as fillers, extenders, titanium dioxide, and color pigments, are used in the product as raw materials. Titanium dioxide is a major non-crude oi...

  The global   quinoa seeds market   size is expected to reach USD 389.22 million by 2030, growing at 0.21% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing steady growth driven by several factors including shifting dietary preferences, advancements in processing and cultivating techniques, and a rising demand for healthier food options. Manufacturers in the industry are focusing on improving their production methods to cater to evolving consumer needs. Techniques, such as precision farming and efficient harvesting practices, are being employed to ensure high-quality products with enhanced nutritional value. These technological advancements contribute to preserving the natural texture, flavor, and nutritional profile of quinoa seeds, while also ensuring consistent quality standards. Changing consumer demand plays an important role in propelling the growth of the industry. There is an increasing preference for nutrit...

  The global   protective textiles market   size is expected to reach USD 9.00 billion by 2030, registering a CAGR of 3.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. owing to increasing industrial fatalities in developing economies owing to the lack of protective gear coupled with growing awareness of worker’s health and safety are expected to drive the market growth. The increasing importance of raw materials that offer features such as lightweight, comfort, higher heat resistance, and wear & tear resistance for workwear has been a significant incentive for companies to conduct R&D activities extensively. The initiatives are mainly intended at attaining multi-functionality of workwear fabrics and rise its application scope. Improving product designs and specifications are expected to provide market participants with immense opportunities over the forecast period. Ballistic protective apparel is estimated to witness the highest penet...

  The global   poly alpha olefin market   size is expected to reach USD 1.80 billion by 2030, registering a CAGR of 2.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing offshore drilling activities coupled with growing automotive industry is expected to drive the demand for poly alpha olefin (PAO) in synthetic lubricant application. High growth markets such as India, China, UAE, and Brazil have been shifting their preferences towards high-grade lubricants from conventional mineral oils. This factor is anticipated to remain the key driving factor for the growth of PAO over the forecast period. PAO has various advantages over conventional lubricants such as wear & tear protection, excellent thermal stability, and good load carrying capacity which is anticipated to propel PAO industry growth over the forecast period. PAO based synthetic fluids are expected to gain importance in future owing to lower toxicity, bioaccumulation potential...

  The global   plastic additives market   size is anticipated to reach USD 71.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.6% from 2024 to 2030. Owing to their ability to enhance performance, appearance, and processability of various polymers. Increasing demand for these additives is directly proportional to the growing consumption of polymers across the globe.The global plastic additives market size was 48.86 billion in 2023. Additives are used with different polymers in order to result in maximum output and increase the life span of the product. Plastic additives are increasingly being used for variety of functions that include extenders, processing aids, property modifiers, and stabilizers in industrial applications. Plastic Additives Market Report Highlights In 2023, the plasticizers segment dominated the market, capturing the largest revenue share of 51.52%. Plasticization involves altering ...

  The global   optical brighteners market   size is expected to reach USD 2.48 billion by 2030, registering a CAGR of 5.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Optical brighteners are dyes that can absorb light in the ultraviolet and violet band ( between 340 nm and 370 nm of the electromagnetic spectrum) and re-emit it in the blue band (ranging from 420 nm to 470 nm). Rapid growth in industries such as paper, textile, and detergent and soap is anticipated to drive the market demand. Optical brighteners find applications in paper brightening, detergents and soaps, fabrics, and synthetics and plastics. They are also used in various end-use sectors including cosmetics, textile, and industries. Soaps and detergent industry is experiencing a strong demand from the emerging economies. At present, optical brighteners are the most widely used chemicals in detergents and soaps. Use of optical brighteners in laundry detergents makes clothes loo...

The global  sintered metal filters market  size is expected to reach USD 2.37 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.7% from 2022 to 2030. This growth can be attributed to the ability of the filters to achieve effective particulate removal to protect equipment and comply with environmental regulations. The use of filters in various applications like medical, chemical, electronics, and power are driving the demand. Sintered metal filters are made from different elements, including bronze, stainless steel, fiber filter, titanium, specially alloyed powders, and nickel-based alloys. Among all the elements used to make sintered metal filters, bronze is the most popular. Sintered metal filters have high tolerances & strength and can be used in temperatures ranging from -200 to 10000C. It has filtration accuracy from 0.5um to 300um, which helps in better separation of particulate matter. To lessen...

  The global   mercury analyzer market   size was estimated at USD 298.8 million in 2023 and is projected to to grow at a CAGR of 6.3% from 2024 to 2030. The increasing regulatory framework and rising awareness regarding mercury contamination is anticipated to boost the demand for the product over the forecast period. Mercury analysis plays a crucial role in environmental monitoring, industrial hygiene, as well as in food and chemical processing. High level of mercury in air, water, food, or other goods can lead to severe impact on health, leading to a neurological disease called Minamata disease. The rising health awareness and health consciousness are likely to increase the demand for mercury analyzers for a safe environment. The rising rate of industrialization across the world is significantly leading to increasing mercury contamination in the surroundings. According to the National Institute of Health of the U.S., the mercury release in the atmosphere has increased t...

  The global   hexagonal boron nitride market   size was estimated at USD 904.32 million in 2023 and is projected to grow at a CAGR of 5.1% in terms of revenue from 2024 to 2030. The market growth is driven by the unique properties of hexagonal boron nitride (h-BN) that make it highly valuable in various advanced technologies. h-BN, often referred to as "white graphene," exhibits exceptional thermal conductivity, high electrical resistivity, and excellent chemical stability. These characteristics make it an ideal material for use in electronics, such as in the production of high-performance insulators and thermal management components. Hexagonal boron nitride (h-BN) is a synthetic material composed of boron and nitrogen atoms arranged in a hexagonal lattice, similar in structure to graphene. Often referred to as "white graphene," h-BN features a layered structure where the layers are held together by weak van der Waals forces. This structure gives h-BN unique physic...

  The   Asia Pacific thermoplastic elastomers market   size is expected to reach USD 15.92 billion in 2030 and is projected to grow at a CAGR of 9.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Regulatory initiatives limiting carbon emission and increasing focus on enhancing fuel efficiency in vehicles are expected to have a positive impact on growth. Numerous automotive OEMs have been replacing metal and alloys with plastics from manufacturing of vehicle components to make vehicles light weight, thus propelling demand for TPE. Plastic innovation in the automotive industry is a major driving factor owing to growing consumer preference towards light weight vehicles and high performance This has resulted in increasing TPE consumption and requirement for manufacturing innovative and fuel efficient vehicles. The product requires low fabrication costs, shorter processing time and design flexibility as compared to thermosets, thereby achieving wide...