Chemical Insights - Industry Forecast

The global   natural gas liquids (NGLs) market   size was estimated at USD 15.4 billion in 2024 and is projected to reach USD 21.59 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030. This growth is fueled by the rising demand for NGLs as vital feedstocks in the petrochemical sector, alongside their broad use in heating, transportation, and industrial applications. The rapid growth of shale gas production, especially in North America, has significantly enhanced the supply of NGLs, cementing their importance in the global energy mix. Increasing demand for petrochemical products such as plastics and chemicals further drives the consumption of NGLs, particularly ethane, propane, and butane, which serve as essential raw materials in manufacturing. Globally, governments and industries are promoting NGLs as a cleaner, more efficient substitute for traditional fossil fuels. Stringent environmental regulations, aimed at curbing carbon emissions and advancing sustainability, ...

The global   natural fiber market   size was estimated at USD 69.23 billion in 2024 and is projected to reach USD 94.65 billion by 2030, growing at a CAGR of 5.4% from 2025 to 2030. This growth is primarily driven by increasing environmental concerns and the global shift toward sustainable materials. Consumers and industries are actively seeking alternatives to synthetic fibers, which are often linked to environmental pollution and high carbon emissions. Natural fibers such as cotton, flax, hemp, jute, and wool stand out as biodegradable, renewable, and highly functional due to their superior comfort, breathability, and durability. Governments and regulatory bodies across the world are encouraging the adoption of natural fibers through policies, subsidies, and awareness campaigns, thereby boosting market expansion. Additionally, the fashion and textile industries are witnessing strong demand for eco-friendly products, leading to wider adoption of natural fibers in apparel, hom...

The global   natural fiber composites (NFC) market   size was valued at USD 9.44 billion in 2024 and is projected to reach USD 18.65 billion by 2030, growing at a CAGR of 12.0% from 2025 to 2030. One of the primary drivers of this growth is the increasing emphasis on sustainability and heightened environmental awareness. As industries and consumers seek to minimize their ecological footprint, demand for eco-friendly materials has risen substantially. Natural fibers, being biodegradable and renewable, provide a sustainable alternative to conventional synthetic composites. This makes NFCs increasingly attractive across diverse sectors. Governments worldwide are also playing a critical role by implementing stringent environmental regulations and launching initiatives that promote sustainable manufacturing. Industries such as automotive and construction, where compliance with environmental standards is essential, are particularly influenced by these policies. Such regulatory frame...

The global   natural extracts market   size was valued at USD 9.57 billion in 2020 and is projected to reach USD 18.95 billion by 2028, growing at a CAGR of 8.9% from 2021 to 2028. The market is driven by factors such as increasing consumer awareness, changing lifestyles, greater adoption of natural ingredient-based products, and advancements in biotechnology. In addition, macroeconomic factors including rising consumer disposable incomes, growth in R&D, imports and exports, expansion of the agriculture industry, an aging population, and overall population growth have significantly contributed to market demand. Natural extracts are widely used across industries such as food and beverage, cosmetics, perfumery, pharmaceuticals, and nutraceuticals. Unlike many chemical-based ingredients, natural extracts pose no harmful side effects when used in personal care, cosmetics, pharmaceuticals, and food and beverage products. The focus on ecological and naturally sourced ingredients...

The global   nanodiamonds market   size was estimated at USD 370.4 million in 2024 and is projected to reach USD 722.1 million by 2030, growing at a CAGR of 11.9% from 2025 to 2030. The growth is primarily driven by the increasing demand for high-performance materials across multiple industries. Nanodiamonds, known for their exceptional mechanical properties including high hardness, thermal conductivity, and electrical conductivity, are increasingly being adopted in advanced applications within electronics, automotive, and manufacturing. Their ability to enhance the performance of lubricants, coatings, and composites remains a key factor in their rising utilization across these sectors. The biomedical sector is emerging as a significant contributor to nanodiamonds market growth. Due to their biocompatibility, stability, and capability to carry bioactive substances, nanodiamonds are being actively researched and deployed in drug delivery, diagnostics, and imaging. Their role in...

The global   nano copper oxide market   size was estimated at USD 363.4 million in 2024 and is projected to reach USD 602.8 million by 2030, growing at a CAGR of 8.8% from 2025 to 2030. The increasing demand for nano copper oxide in the electronics industry is a key driver of market growth. Due to its excellent electrical conductivity and thermal stability, nano copper oxide is widely applied in semiconductors, printed circuit boards, and conductive coatings. The miniaturization of electronic devices and the rising adoption of flexible electronics are further fueling the need for advanced nanomaterials, positioning nano copper oxide as a critical component in next-generation electronics manufacturing. In addition, the expanding applications of nano copper oxide in energy storage and conversion technologies significantly contribute to market growth. Its superior electrochemical properties make it highly suitable for lithium-ion batteries, supercapacitors, and fuel cells. With t...

The global   nanocellulose market   size was valued at USD 351.5 million in 2022 and is expected to reach USD 1,517.5 million by 2030, expanding at a CAGR of 20.1% from 2023 to 2030. Market growth is primarily driven by rising demand across multiple applications and the increasing shift toward bio-based and sustainable products. Nanocellulose offers a wide range of beneficial properties such as enhanced paper machine efficiency, improved filler content, lighter base mass, and higher freeness, making it suitable for diverse applications. In the paper industry, it is considered a key sustainable nanomaterial additive owing to its excellent mechanical strength, strong oxygen barrier, low density, and biocompatibility. Beyond paper, nanocellulose composites are widely used in construction materials, aqueous coatings, and other high-performance applications. In North America, the U.S. stands as the largest market for nanocellulose, contributing significantly to global revenue. The ...

The global   nano adhesives market   size was valued at USD 21.94 billion in 2023 and is projected to reach USD 30.27 billion by 2030, expanding at a CAGR of 4.7% from 2024 to 2030. Market growth is primarily driven by the development of innovative nanomaterials with unique properties such as superior strength, flexibility, and adhesion. With industries striving to reduce weight and enhance efficiency, nano adhesives have become highly attractive due to their excellent strength-to-weight ratio. In the electronics and semiconductor industries, these adhesives play a crucial role in bonding and assembly, offering exceptional reliability and performance. Similarly, the automotive industry leverages nano adhesives to bond lightweight materials, reduce vehicle weight, and improve overall fuel efficiency. In addition, nano adhesives are increasingly applied in the medical field, where their biocompatibility and controlled release capabilities make them suitable for use in sensors, i...

The global   refinery catalysts market   size was estimated at USD 8,242.3 million in 2024 and is projected to reach USD 10,662.7 million by 2030, growing at a CAGR of 4.3% from 2025 to 2030. This growth is primarily driven by the rising global demand for transportation fuel. Stringent environmental regulations, combined with the increasing consumption of petroleum and petroleum-derived chemicals, are expected to propel market expansion. Refinery catalysts play a crucial role in the petroleum refining industry by enhancing operational efficiency, enabling higher yields, and meeting stricter fuel quality standards. The demand for high-octane fuel, particularly in countries such as the U.S., Japan, Germany, the UK, and India, is rising due to stringent emissions and fuel regulations, which in turn supports market growth. Additionally, the global transition toward renewable energy has prompted oil refineries to enhance efficiency, driving the need for advanced catalysts. Adoption...

The global   paper packaging market   was valued at USD 397,518.0 million in 2024 and is projected to reach USD 527,115.2 million by 2030, growing at a CAGR of 4.8% from 2025 to 2030. This growth is primarily driven by the increasing demand for sustainable packaging solutions, as both consumers and businesses place greater emphasis on eco-friendly alternatives. Paper packaging is widely preferred due to its lightweight nature, recyclability, and biodegradability, making it an effective substitute for plastic and other non-biodegradable materials. Additionally, stringent government regulations promoting sustainable practices and the implementation of policies restricting single-use plastics are significantly accelerating the adoption of paper-based packaging. The expansion of e-commerce and the need for cost-effective, customizable packaging are further contributing to the market's upward trajectory. Continuous innovations in paper packaging design and materials have enhanced p...