Chemical Insights - Industry Forecast

  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 ...