Chemical Insights - Industry Forecast

The global   pouches market   size was estimated at USD 42,192.1 million in 2023 and is projected to reach USD 63,136.2 million by 2030, expanding at a CAGR of 5.9% from 2024 to 2030. The increasing demand for packaged foods and beverages, combined with the cost-effectiveness and convenience of pouches over rigid packaging, is a primary factor driving market growth. Innovations in food processing technologies and evolving consumer lifestyles have significantly increased the demand for packaged food products, further supporting the expansion of the pouches market. Additionally, in the transportation and logistics sector, the compactness of pouches contributes to reduced space usage in vehicles, which directly lowers transportation costs. Sustainability concerns are pushing end-use industries toward environmentally friendly packaging solutions. Pouches require less raw material, water, and energy during manufacturing and generate less landfill waste after disposal, making them a...

The global  potassium sorbate market  size was estimated at USD 181.4 million in 2024 and is projected to reach USD 268.5 million by 2033, expanding at a CAGR of 4.5% from 2025 to 2033. Market growth is primarily fueled by the increasing demand for effective and safe food preservatives, driven by rising consumption of processed and packaged foods. Additionally, potassium sorbate’s growing use in cosmetics and pharmaceuticals, due to its antifungal properties and regulatory approvals such as GRAS status by the FDA, is further accelerating market expansion. The rising shift toward clean-label and paraben-free formulations across industries is also opening new growth avenues for this preservative. The market stands to gain from the rapid development of the processed food sector in emerging economies, especially in Asia Pacific and Latin America, where urbanization and changing consumer lifestyles are boosting the consumption of packaged foods. Moreover, the rising demand for para...

The global   portable air compressor market   size was estimated at USD 10,533.0 million in 2024 and is projected to reach USD 16,433.3 million by 2033, growing at a CAGR of 5.1% from 2025 to 2033. The market is primarily driven by rising industrialization and construction activities, especially in developing economies. Portable air compressors are extensively used in sectors such as construction, mining, and manufacturing due to their ease of transport and operational efficiency. Increased infrastructure investments and the expansion of oil and gas exploration projects are among the key factors supporting the market's growth. Moreover, the rising popularity of do-it-yourself (DIY) activities and home improvement trends has led to growing demand for compact and user-friendly air compressors. Their adoption in the automotive sector for applications like tire inflation and spray painting also contributes to market expansion. Additionally, the adoption of electric and oil-free mo...

The global  polyurethane catalyst market  size was estimated at USD 2.46 billion in 2024 and is projected to reach USD 3.46 billion by 2030, growing at a CAGR of 5.9% from 2025 to 2030. The market is experiencing notable growth due to the widespread use of polyurethane across various sectors, including automotive, construction, electronics, and furniture. Polyurethane catalysts play a crucial role in accelerating the chemical reaction between isocyanate and polyol, directly influencing foam quality and curing speed. The rising pace of industrialization in emerging markets, coupled with increased demand for energy-efficient buildings and lightweight automotive materials, is driving the market forward. These catalysts are essential for ensuring optimal polymer formation by allowing manufacturers to customize reaction characteristics based on specific end-use requirements, such as foam density, elasticity, or curing time. Without catalysts, the polyurethane synthesis process woul...

The global   polystyrene market   size was estimated at USD 48.91 billion in 2024 and is anticipated to reach USD 61.36 billion by 2030, growing at a CAGR of 3.8% from 2025 to 2030. The rising demand for polystyrene (PS) in the packaging industry continues to drive market growth. PS's lightweight nature and excellent insulation capabilities make it a preferred choice, particularly in the food and beverage sector. As environmental awareness among consumers increases, the market is seeing a shift towards sustainable and recyclable packaging solutions. Manufacturers are responding by developing bio-based and recycled PS products that align with evolving market expectations. Additionally, the construction and automotive industries are contributing significantly to market expansion. PS foam boards and sheets are widely utilized in insulation and construction, while PS components are increasingly being adopted in the automotive sector to aid in lightweighting efforts. These trends a...

The global   polyolefin market   size was estimated at USD 262.71 billion in 2024 and is projected to reach USD 357.39 billion by 2030, growing at a CAGR of 5.4% from 2025 to 2030. This growth trajectory is largely driven by the increasing adoption of polyolefins across diverse end-use industries. In automotive applications, polyolefins contribute to fuel efficiency by reducing vehicle weight compared to traditional materials like metal and rubber. Rising awareness about health hazards and consumer safety across industries such as electronics, healthcare, construction, wire and cable, and automotive is further propelling demand. The automotive sector, in particular, is witnessing robust growth, boosting the usage of plastics in under-the-hood, interior, and exterior components, with polyolefins playing a pivotal role. The market is also seeing increasing demand for polyolefins such as polyethylene, polypropylene, ethylene-vinyl acetate, and thermoplastics, driven by heightened...

The global   polymer concrete market   size was estimated at USD 612.8 million in 2024 and is projected to reach USD 881.0 million by 2030, growing at a CAGR of 6.2% from 2025 to 2030. This expansion is largely driven by rapid urbanization and industrialization, particularly in emerging markets, where there is increasing demand for durable and long-lasting infrastructure solutions. Government investments in large-scale infrastructure projects—such as roads, bridges, tunnels, airports, and power plants—are significantly boosting the demand for materials that offer resilience to harsh environmental conditions. Polymer concrete, known for its high strength, durability, and chemical resistance, is becoming a preferred choice in such applications. Thanks to its superior resistance to corrosive substances, polymer concrete is highly suited for use in chemical processing, wastewater treatment, and oil and gas industries. It performs well in aggressive environments where conventional ...

The global   plastic waste management market   size was valued at USD 37.95 billion in 2024 and is projected to reach USD 46.84 billion by 2030, growing at a CAGR of 3.6% from 2025 to 2030. The rising environmental concerns regarding improper plastic waste disposal, along with increasing industrialization and urbanization, are major drivers propelling the growth of the plastic waste management industry. Growing environmental consciousness among governments, industries, businesses, and consumers has heightened the focus on reducing the environmental footprint of plastic waste. Additionally, the increasing demand from plastic packaging manufacturers for sustainable disposal solutions is further stimulating market growth. Significant investments from Western governments, including the U.S. and the UK, to upgrade recycling infrastructure are also supporting the industry's expansion. Such investments include the U.S. Environmental Protection Agency’s (EPA) announcement in September...

The global   pink hydrogen market   size was valued at USD 27.03 billion in 2024 and is anticipated to reach USD 286.97 billion by 2033, registering a CAGR of 30.11% from 2025 to 2033. Pink hydrogen refers to hydrogen generated through electrolysis powered by nuclear energy, offering a zero-carbon alternative with high energy density and operational reliability. As countries strive to meet aggressive decarbonization goals while maintaining a consistent base-load energy supply, pink hydrogen is emerging as a strategic pillar in the clean hydrogen economy. The market is gaining momentum with increasing investments in nuclear-powered electrolysis infrastructure, supportive government policies encouraging hydrogen diversification, and its growing integration into industrial and transportation applications. Moreover, advancements in high-temperature electrolysis and growing partnerships between nuclear energy providers and hydrogen producers are anticipated to enhance the sector’s ...

The global   pest control service market   was valued at USD 22.64 billion in 2023 and is projected to reach USD 34.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This market growth is primarily fueled by the increasing demand for maintaining hygienic conditions across industrial, residential, and commercial environments. Continuous innovation and research in pest control technologies, along with heightened awareness of health and sanitation, are key drivers of market expansion. Government-led initiatives promoting cleanliness and advanced pest control techniques further support this upward trend. A significant contributor to the market's growth is the rising focus on environmentally safe solutions, particularly the use of biocides. These are increasingly replacing traditional chemical pesticides due to their lower ecological impact. Pest control services play a vital role in preventing the transmission of diseases such as malaria...