Chemical Insights - Industry Forecast

 The global bouillon market size is expected to reach USD 11.86 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% from 2024 to 2030. Growing demand for easy to make, ready to eat, and packed health food, along with growing working women population, is expected to increase the demand for bouillon products in the coming years. In addition, increase in disposable income and changing lifestyle of the people are anticipated to increase the market demand. Usage of cube products is increasing in North America and Europe on account of continuous product innovation according to the customer behavior and preferences. In addition, growing economic independence of the women is increasing the consumption of packed and processed food products in the developed countries. Bouillons constituting all the major materials, which are a good source of vitamins, minerals, nutrition, and protein, serve as a prominent replacement for home cooked food. The...

  The global bauxite market size is anticipated to reach USD 18.15 billion by 2030, registering a CAGR of 2.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing use of aluminum foil in the packaging industry is one of the key growth drivers for the market. The rising demand for packaged food is forcing aluminum foil manufacturers to invest in new production plants. For instance, in January 2022, SRF Limited, a manufacturer of industrial and specialty intermediates, decided to invest USD 55.80 million in setting up an aluminum foil manufacturing plant with a production capacity of 21,000 tons in Indore, Madhya Pradesh, India. Bauxite is an ore that contains a high level of aluminum content. The product is soft in nature with a hardness of 1 to 3 on the Mohs scale. Different grades of products that are available in the market include metallurgical grade, refractory grade, abrasive grade, and chemical grade, which are used according to their applicat...

The Americas structural insulated panel market size is expected to reach USD 4.27 billion by 2028 registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable regulations and rising adoption of various green building standards are some of the key factors driving the market growth. Rising spending in the construction sector in North America due to the increasing government initiatives for the modernization of the infrastructure and energy-efficient homes and the rising number of green buildings in the U.S. and Canada is projected to drive the product demand. Many market players are engaged in manufacturing and supplying raw materials and creating strong competition, affecting the overall pricing of the structural insulated panels (SIPs). The presence of several raw material manufacturers in the market results in low prices of these materials. Some of the key companies are also engaged in installation through their network of certi...

  The global acrylonitrile market size is estimated to reach USD 15,005.5 million by 2030, registering a CAGR of 4.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for acrylonitrile from the Acrylonitrile Butadiene Styrene (ABS) segment. ABS is in high demand in various end-use industries, such as automotive, construction, and electronics. ABS is widely used in the automotive industry as it is easy to install and lightweight, which makes it more durable than PVC. In addition, it has strong mechanical strength and is corrosion-resistant & highly durable. The aforementioned factors are estimated to have a positive impact on product demand from the construction industry over the forecast period. In the Asia Pacific region, acrylonitrile is extensively used in the construction, textile, consumer goods, and home furnishing industries. High awareness among end-use manufacturers regarding the product pro...

The U.S. contract glazing market size is anticipated to reach USD 12.47 billion by 2030, registering a CAGR of 4.2% during the forecast period, according to a new report by Grand View Research, Inc. The growth in the commercial sector along with the increasing road accidents is anticipated to fuel the demand for contract glazing in the U.S. Construction industry is the largest end user for contract glazing where the applications are spread across a wide range including both exterior and interior of the buildings. Exterior systems include curtain walls, storefronts, structural glass systems, sunshades, and panels, whereas the interior systems include doors and windows, mirrors, shower partitions, tabletops, bathtubs, and staircase railings. According to the American Architectural Manufacturers Association (AAMA), storefront is the leading product over commercial windows and curtain walls for new construction and total non-residential buildings. With the increasing small-scale and large-...

  The global smart trash bin market size is expected to reach USD 162.02 million by 2030, expanding at a CAGR of 12.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Smart garbage cans are essentially touchless, sensor-technology based trash cans or cabinets that eliminates human involvement of manually operating the trash bins. Customers may comprehensively monitor trash operations by analyzing real-time information on the basis of waste collected, fill level, type of waste, and so on, using these automated smart trash bins for waste management and disposal. The market is expected to be driven by the rising awareness of proper waste management in the governments across the world, international groupings such as United Nations Environment Programme (UNEP), and end-consumers. With the growing awareness about environmental issues and the need to reduce waste, governments and organizations around the world are placing greater emphasis on waste management. Fo...

 The global metal recycling market size is expected to reach USD 1,135.28 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing emphasis on circular economy and growing environmental awareness are major factors that are likely to propel the industry growth over coming years. Global initiatives aimed at boosting recycling capabilities and obsolete scrap access are expected to drive long-term industry growth. Steel, being the most recycled material by volume, highlights its prominence in sustainability efforts. The rise in steel scrap production, fueled by rapid industrialization and its abundant availability, emphasizes the potential for industry expansion and enhanced sustainability. Furthermore, the growing consumption of recycled metal in end-use industries is also likely to play a major role in driving industry growth. For instance, steel is largely consumed in the automotive, construction, industrial ma...

The global cosmetic packaging market size is expected to reach USD 44.28 billion by 2030, expanding at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing fashion trends and attractiveness towards innovative and designer packing material for personal grooming products are anticipated to drive the market in the forecast period. By material type, the plastic segment dominated the cosmetics packaging market with a share of 60.8% in 2023. Wide variety, application, and low cost of the material are likely to fuel the segment growth in the forecast period. Paper is anticipated to expand at the fastest CAGR of 5.9% due to increasing awareness regarding eco-friendly packaging. High use of paper as a secondary packaging is also driving the segment in the forecast period. Skin care segment accounted for the largest revenue share in 2023. Innovation in the products such as introduction of anti-ageing products is likely to drive the segment in the forec...

  The Canada plastic packaging market size is expected to reach USD 13.76 billion by 2030, registering a CAGR of 5.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing demand for plastic from end-use industries and the increasing demand for convenient and efficient packaging are the factors expected to further fuel the growth of the industry. Plastic packaging is one of the most convenient packaging solutions through which companies can offer a wide range of products including personal & oral care, healthcare, and food products. Efficient designs as per client requirements make product dispensing much easier. In addition, plastic packaging offers convenience in terms of the application of the product and portability. Due to their lightweight, these packaging forms are easy to carry and store, especially while traveling. Products have developed functionality for added convenience such as one-hand application and maintaining hygiene for the use...