Chemical Insights - Industry Forecast

The global   coal power generation market   volume was 2,056.95 GW in 2023 and is projected to reach 2,266.14 GW by 2030, growing at a CAGR of 1.1% from 2024 to 2030. Rising energy demand is expected to drive the coal industry to continue generating electricity. Asia Pacific: Largest market in 2023Coal remains a crucial source for electricity generation due to its abundant availability and low cost compared to other energy technologies. These factors are expected to continue supporting market growth during the forecast period. The coal power generation supply chain was significantly affected in 2020 due to lockdowns, which caused production facility shutdowns globally. Despite this, coal continues to be a key electricity source. According to the International Energy Agency (IEA), coal accounts for over one-third of global electricity production, with more than 2,400 coal-fired power stations worldwide having a combined capacity exceeding 2,000 GW. Key Market Trends & Insig...

The global   clean label ingredients market   was valued at USD 120.03 billion in 2022 and is anticipated to reach USD 168.3 billion by 2030, registering a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. Market growth is primarily driven by rising consumer demand for natural, transparent, and sustainably sourced food products, alongside increasing awareness of the potential health risks associated with artificial additives. Clean-label ingredients are typically derived from natural and organic sources, feature minimal ingredient lists, and exclude artificial colors, flavors, preservatives, and chemical additives. Growing health consciousness among consumers has encouraged food and beverage manufacturers to reformulate products using clean-label alternatives, thereby creating substantial opportunities for ingredient suppliers. Key Market Trends & Insights The Europe region held a dominant revenue share of 39.09 % in 2022. The North America clean label ingredie...

The global   chromatography resin market   was valued at USD 2.47 billion in 2023 and is anticipated to reach USD 3.94 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. Market growth is primarily driven by the rising adoption of chromatography techniques across pharmaceutical, chemical, food & beverage, and related industries, where precise separation and purification processes are critical. Significant investments in research and development have accelerated product innovation, leading to chromatography resins with enhanced efficiency and productivity compared to conventional alternatives. As a result, chromatography resin has emerged as a key component in modern analytical and separation workflows, gaining strong traction across multiple end-use sectors due to its accuracy, reliability, and operational ease. Key Market Trends & Insights North America region dominated the market with a revenue share of 33.1% in 2023. The U.S...

The global   carbon nanotubes (CNTs) market   was valued at USD 3.71 billion in 2024 and is anticipated to reach USD 8.15 billion by 2030, expanding at a CAGR of 14.1% from 2025 to 2030. This robust growth is primarily driven by the exceptional electrical conductivity, mechanical strength, and lightweight characteristics of CNTs, which make them highly suitable for advanced applications in electronics, energy storage systems, and sensing technologies. Carbon nanotubes play a critical role in enhancing the performance of electronic devices, batteries, and sensors by improving conductivity, durability, and efficiency. Their ability to deliver superior material performance while reducing weight has positioned CNTs as a preferred material across several high-growth industries. Key Market Trends & Insights Asia Pacific accounted for the largest revenue share of 33.9% in 2024, supported by strong manufacturing capabilities and rising demand from electronics and automotive sector...

The global   carbon monoxide market   size was estimated at USD 5.42 billion in 2024 and is projected to reach USD 6.97 billion by 2030, expanding at a CAGR of 4.3% from 2025 to 2030. Market growth is primarily driven by rising demand for carbon monoxide in chemical manufacturing plants, where it serves as a critical feedstock for syngas production. Syngas, a mixture of carbon monoxide and hydrogen, is widely utilized in the manufacturing of methanol, acetic acid, and various hydrocarbons. Carbon monoxide (CO) is a colorless, odorless, and toxic gas composed of one carbon atom and one oxygen atom. It is generated through the incomplete combustion of fossil fuels or gasoline. Due to its lack of color and odor, CO is difficult to detect without specialized monitoring equipment. Industrially, it is used as a reducing agent in metallurgical processes and plays a vital role in several chemical reactions, including methanol synthesis. Key Market Trends & Insights Asia Pacific do...

The global   carbon footprint management market   was valued at USD 12.0 billion in 2024 and is projected to reach USD 20.44 billion by 2030, expanding at a CAGR of 9.3% from 2025 to 2030. Market growth is primarily driven by rising concerns over the adverse environmental impact of carbon emissions, prompting organizations and governments to adopt advanced carbon footprint tracking and management solutions to meet emission reduction and climate control objectives. Increasing regulatory pressure, corporate sustainability commitments, and the need for transparent carbon reporting are accelerating the adoption of carbon footprint management platforms across industries. These solutions enable organizations to measure, monitor, and optimize emissions while aligning operations with global environmental standards. Key Market Trends & Insights Asia Pacific accounted for the largest revenue share of over 56.0% in 2024, driven by rapid industrialization and growing sustainability in...

The global   blinds and shades market   was valued at USD 14.82 billion in 2024 and is expected to expand to USD 24.63 billion by 2030, registering a CAGR of 9.1% during the forecast period from 2025 to 2030. Market growth is primarily driven by rising demand for energy-efficient window treatment solutions, increasing penetration of smart and automated blinds across residential and commercial spaces, and a surge in renovation and remodeling activities, particularly in aging infrastructure. Growing regulatory emphasis on sustainable building practices, coupled with shifting consumer preferences toward customizable and visually appealing window coverings, continues to support market expansion. In addition, the rise in home improvement projects and evolving consumer lifestyles have increased demand for window treatments that balance aesthetics with functional benefits such as light control, privacy, and energy savings. The availability of diverse materials, innovative designs, an...

The global   bitumen emulsifier market   was valued at USD 58.26 million in 2024 and is expected to reach USD 89.80 million by 2030, expanding at a CAGR of 7.5% from 2025 to 2030. Bitumen emulsifiers are specialized chemical agents used to form stable mixtures of bitumen and water, enabling efficient application in road construction, asphalt paving, and surface treatment activities. Their ability to enhance handling, transportation, and application efficiency makes them a critical component in modern infrastructure development. Key Market Trends & Insights Asia Pacific accounted for the largest market share of 50.7% in 2024, driven by extensive infrastructure development and rapid urbanization. Europe represents a significant and mature segment within the global bitumen emulsifier market, supported by established road maintenance and rehabilitation activities. By application, the modified bitumen segment dominated the market with a revenue share of 80.5% in 2024, reflectin...

The global   biomaterials market   was valued at USD 236.99 billion in 2025 and is expected to expand significantly, reaching USD 836.54 billion by 2033. The market is projected to grow at a robust CAGR of 17.25% from 2026 to 2033. This strong growth trajectory is primarily driven by the rising incidence of musculoskeletal disorders and chronic skeletal conditions, which is increasing the demand for biomaterial-based implants and medical devices across multiple therapeutic areas. Biomaterials play a critical role in modern healthcare, particularly in orthopedic, cardiovascular, dental, and regenerative medicine applications. Continuous advancements in material science, coupled with the growing adoption of minimally invasive procedures, are further accelerating market expansion globally. Market Size and CAGR 2025 Market Size: USD 236.99 Billion 2033 Market Size: USD 836.54 Billion CAGR (2026–2033): 17.25% Leading Region (2025): North America Fastest-Growing Region: Asia Pacific...

The global   biologics contract manufacturing market   was valued at USD 31.9 billion in 2024 and is expected to expand to USD 57.59 billion by 2030, registering a CAGR of 10.3% during the forecast period from 2025 to 2030. Market growth is primarily driven by the rising demand for advanced biologics, increasing investments in biopharmaceutical research by both public and private stakeholders, and a growing number of approvals for novel biologic therapies. The market is further supported by continuous advancements in biologics development, including monoclonal antibodies, cell and gene therapies, and recombinant proteins. As biopharmaceutical companies increasingly focus on innovation and pipeline expansion, outsourcing manufacturing activities to contract manufacturing organizations (CMOs) and contract development and manufacturing organizations (CDMOs) has become a strategic priority to optimize costs, reduce timelines, and scale production efficiently. Key Market Trends ...

The global   biological wastewater treatment market   was valued at USD 10,224.1 million in 2024 and is expected to reach USD 14,480.5 million by 2030, expanding at a CAGR of 6.1% during the forecast period from 2025 to 2030. Market growth is largely supported by accelerating urbanization and industrial expansion, both of which are driving higher volumes of wastewater generation. This trend has increased the demand for advanced and efficient biological treatment systems capable of managing complex wastewater loads while meeting environmental compliance requirements. Key Market Trends & Insights In 2024, Asia Pacific accounted for the largest revenue share of 35.1%, supported by rapid population growth, infrastructure development, and rising investments in wastewater treatment facilities. Expanding industrial activity and increasing government initiatives to improve water quality further strengthened the region’s market position. From a process perspective, the aerobic segm...

The global   biogas market   was valued at USD 65.53 billion in 2023 and is projected to reach USD 87.86 billion by 2030, expanding at a CAGR of 4.2% from 2024 to 2030. Market growth is supported by rising demand across multiple application areas, including heat generation, electricity production, upgraded biogas, vehicle fuel, and cooking gas. Increasing emphasis on renewable energy adoption and sustainable waste management continues to position biogas as a key alternative energy source worldwide. Key Market Trends & Insights Europe emerged as the leading regional market, accounting for approximately 41% of global revenue in 2023. Strong policy frameworks, decarbonization targets, and advanced waste-to-energy infrastructure have contributed significantly to regional dominance. In particular, Italy’s biogas market is benefiting from government initiatives aimed at reducing carbon emissions and accelerating the transition toward renewable energy systems. From an application...