Chemical Insights - Industry Forecast

  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...

  The global   aquafeed additives market   is expected to reach USD 3.02 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2023 to 2030. The market is experiencing significant growth, driven by the increasing demand for fish and other aquatic products as a source of protein. The growth of the aquaculture industry is driving the demand for aquafeed additives, as farmers seek to improve the health of their stock. Additionally, the increasing awareness of the health benefits of fish consumption is also driving demand for fish and other aquatic products. One of the major trends in the market is the increasing use of functional ingredients. Functional ingredients, such as pre- and probiotics, essential oils, and enzymes are becoming more popular in fish feed as they help improve feed utilization and health, resulting in reduced mortality rates, and improved disease resistance. Another trend is the increa...

  The global   ampoule cream market   size is expected to reach USD 717.0 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% from 2024 to 2030. The market is driven by consumer spending on specific skin care products to target one issue at a time. Moreover, drastic changes in purchasing power of consumers in developing countries such as China and India is anticipated to increase the demand for cosmetic products over the forecast period. The market is driven by high growth of the personal care products industry in Asia Pacific, along with rise in sales of facial care products. Demand for ampoule creams is mostly observed in South Korea and China owing to concentration of various manufacturers in this region. Not only women, Korean men are also spending increasingly on cosmetics products in order to improve their skin and appearance. They are the world’s largest per capita consumers of skincare products leading to the market...

  The global   agricultural films and bonding market   size is expected to reach USD 14.52 billion by 2030, expanding at a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising need for optimum productivity to sustain the food demand is the key factor behind the commercialization of specialty products. Increasing investment in R&D and advancements in agricultural practices backed by technological support is anticipated to drive the industry growth. Films are extensively used for greenhouse farming, soil protection, and mulching. Various benefits associated with these films include reduced soil erosion & compaction, temperature control, seed germination, weed control, nutrient conservation, and protection against UV Rays. The film segment accounted for over 75% of the global volume in 2015. Growth in this sector may be attributed to growing high-quality crops demand coupled with the increasing requirement for ideal agricultur...

  The global   adhesion promoter market   size is expected to reach USD 9.05 billion by 2030, registering a CAGR of 9.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth. The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints. Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote produ...

  The global   copper scrap market   size is anticipated to reach USD 105.90 billion by 2030 and is projected to grow at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing use of renewable energy sources for electricity generation has resulted in technological developments in the wind generation sector. This factor, coupled with rising awareness and emphasis on clean energy and sustainability, is expected to drive the demand for copper in wind energy production. This is set to become the biggest driver for the market over the forecast period. Further, rising investments in EV manufacturing facilities across the world are expected to positively influence copper usage, consequently benefiting the market growth over the forecast period. For instance, in March 2022, Suzuki Motor Corporation decided to invest USD 1,320.2 million in its manufacturing plant in Gujarat, India. It is also planned to produce 125,000 EVs by 2025. In a...