Chemical Insights - Industry Forecast

The U.S. UPF sun protective clothing market size is expected to reach USD 1233.3 million by 2030, expanding at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising occurrence of chronic illnesses like skin cancer in both men and women is a significant factor predicted to increase the adoption of UPF sun protective gear, which in turn, drives market growth. Sun-protective clothing distinguishes itself from regular apparel through its Ultraviolet Protection Factor (UPF), which quantifies the garment's ability to restrict the passage of UV rays when exposed to UV radiation. Moreover, elements that contribute to the UPF rating of sun-protective clothing are dye types, fabric materials, the garment's stretch and weave, specialized treatments, garment weight, and its capacity to repel moisture. According to the American Cancer Society for 2023, approximately 97,610 new melanoma cases are expected to be diagnosed in the country this year....

The global lecithin market size is estimated to reach USD 1.07 billion in 2030 and is anticipated to grow at a CAGR of 9.1% from 2025 to 2030, according to a new report by Grand View Research, Inc.  One of the primary reasons is the rising awareness around health and wellness. Lecithin is known for its benefits, particularly in supporting cardiovascular health, improving brain function, and aiding digestion. As consumers become more health-conscious and seek natural ingredients, the demand for lecithin has increased in dietary supplements and functional foods. Its natural origin from sources like soy, sunflower, and egg yolks makes it a popular choice for health-focused products. Another major factor contributing to the expansion of the market is the increasing demand for clean-label products. Today’s consumers are more inclined toward food products with minimal and recognizable ingredients, avoiding artificial additives. Lecithin fits well into this trend as a natural emulsifier u...

The global facade market size is expected to reach USD 392,196.2 million by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2023 to 2030. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market. The burgeoning popularity of green buildings and surging demand for high-transparency glasses that allow passage of light...

The global catalyst market size is expected to reach USD 42.63 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2024 to 2030. Catalyst refers to the class of compounds or chemicals that enables a chemical reaction to proceed at a pace faster than otherwise possible. Depending on the similarity or dissimilarities of the catalyst with the reactants, a catalyst can be either homogeneous or heterogeneous. Therefore, based on product type, the market is segmented as homogeneous and heterogeneous catalysts. The raw materials used for catalyst manufacturing include acids, peroxides, and amines, which are generally classified as chemical compounds. Metals including precious metals and base metals besides zeolites are the prominent raw material market segments. A catalyst finds numerous applications in end-use industries such as chemicals (adsorbents, polyolefins); petroleum refining (alkylation, hydrotreating, hydrocrac...

The global wood plastics composites market size is expected to reach USD 15.41 billion by 2030, registering a CAGR of 11.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand for the product as a replacement for plastics on account of their sustainable properties. Presently, a substantial number of consumers prefer WPC products as interior automotive components including showpieces, glove compartments, and sandwich boards. Increasing wood plastic composites demand in the automotive industry is propelling the market growth over the forecast period. Increasing fuel prices have triggered the need for fuel-efficient vehicles. WPC products are most widely used as a replacement for plastics on account of their sustainable properties. Presently, a substantial number of consumers prefer WPC products as interior automotive components including showpieces, glove compartments, and sandwich boards. The designing and manu...

  The global metal magnesium market size is expected to reach USD 6.99 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 5.3% over the forecast period. Rising demand for lightweight parts mainly in the automotive and aerospace industries is anticipated to contribute to the market growth over the forecast period. Magnesium is a grey-white lightweight metal, which has the lowest melting point and lowest boiling point of all alkali earth metals. It is the third-most commonly used structural metal, after iron and aluminum. Its main applications are in aluminum alloys, die-casting, removal of sulfur in the iron and steel production process, and titanium production. The growing demand from die casting and aluminum alloy application segments is anticipated to drive the market growth forward. Diecast components and aluminum alloys that use magnesium are primarily utilized across the automotive, aerospace, and marine industries. In terms of volum...

  The global home textile market size is expected to reach USD 185.97 billion by 2030, expanding at 6.0% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The home textile & bedding industry is in a state of flux. Shifting retail models, along with changing consumer preferences, encourages manufacturers to continuously implement new strategies to combat challenges. The overall business arena is undergoing a disruption owing to the rapid adoption of online retailing. Organic fiber-based materials have witnessed an increased demand over the years. Several consumers have been showing a preference for organic cotton as well as for certifications such as Oeko-Tex, which ensure that no toxic chemicals are used while manufacturing the product. In January 2021, Mitchell Gold + Bob Williams launched its first exclusive bedding line, and the collection comprises of an array of textures and subtle colors. Every piece in the line has Oeko-Tex Certification. Thu...

  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 ...