Chemical Insights

  The electrical steel market is expected to grow at an opulent rate of 6.5% CAGR during the forecast period ranging from 2022 to 2032. The global electrical steel market is anticipated to reach a total worth of around US$ 37.5 Billion in 2022 with an estimated valuation to surpass around US$ 70.5 Billion by 2032. While non-grain-oriented electrical steel is likely to occupy a dominant market share. The grain-oriented electrical steel demand is predicted to surge at a robust pace with year-on-year growth at 5.7% CAGR in 2022. The global growth of the electrical steel market is attributed to the surge in power generating and transmission projects. The demand for electrical steel has witnessed a robust surge and a variety of applications within the end-use industries. According to historic estimations, in 2021, total revenue in the electrical steel market’s energy sector witnessed exponential growth. According to the estimations by FMI, demand increased by 6% between 2021 and 2022...

 According to Future Market Insights (FMI), the global rare gas market is expected to grow at a 5.2% CAGR , reaching US$ 6 Bn by 2032.   In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen is used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector. Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places. Moreover, growing applications in aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for ion thrusters. As the number of ...

According to Future Market Insights (FMI), growing demand for rare gases across the globe for various applications is bolstering the growth in xenon gas market . Sales are expected to be driven by expansion of aerospace and aircraft industry, technological developments, and rising healthcare and research expenditure. Applications of rare gases, including, xenon gas, is increasing at significant rates in the healthcare industry. As xenon gas is used as a neuroprotective and anesthetic agent, in diagnostics and other, the demand is projected to surge over the forecast period. Further, xenon gas is used in the treatment of various respiratory illnesses. Also, ongoing research and development in healthcare industry is anticipated to create lucrative growth opportunities for the xenon gas market. However, there are several health concerns linked with the usage of xenon gas, including nausea, dizziness, vomiting, and even death if swallowed in large doses. Xenon gas has been linked to ...

  The global specialty oils market is anticipated to grow from US$ 125,369.2 Mn in 2022 to US$ 175,703.8 Mn by the end of 2032, accelerating at a CAGR of 3.4% throughout the forecast period (2022-2032). Rising demand for specialty oils across various end-use industries such as automotive, power generation, pharmaceutical, food & beverages, manufacturing, transmission & distribution, etc. is providing impetus to the growth of specialty oils market. In recent years, rising electricity consumption has created enormous demand for transformer oil and the trend is likely to continue during the forecast period. This transformer oil is used to protect high-voltage electrical components used in electric utilities, including transformers, capacitors, switches, and circuit breakers. Due to its strong dielectric strength, viscosity, temperature adaptability, and other benefits, it is significantly employed as insulation between transformer windings and other parts. The market o...

  The global wood preservative chemicals & coatings active ingredients market stands at US$ 218.5 Mn as of now and is expected to reach US$ 320.3 Mn by the year 2032 at a CAGR of 3.9% between 2022 and 2032. Wood preservation chemicals, as the name suggests, render protection against fungi and insets that attack the wooden surface. There are several kinds of active ingredients used in wood preservative chemicals and coatings – like inorganic and organic ingredients. Wood preservative chemicals & coatings active ingredients do improvise on wood’s life span by keeping it away from the environmental factors like UV rays, mechanical abrasion, and household chemical attacks. Indoor as well as outdoor applications are inclined towards wood-based products owing to the aesthetics revolving around them. As such, the requirements of wood-based products are expected to increase in residential buildings, educational institutions, hospitals, and offices. Furniture vertical is ex...

According to research conducted by Future Market Insights on the linear alpha olefin market , demand is estimated to reach a valuation of US$ 15,246.4 Mn by the end of the assessment period. The Global Linear Alpha Olefin Market is expected to grow at a rapid pace during the forecast period, with a growth rate of 4.8% owing to consistent demand from end uses such as lubricants, polyethylene, and others.   The market for liner alpha olefins is thought to be primarily driven by rising polyethylene use and rising alpha olefin demand from the automotive industry. Alpha olefin products are primarily used in the automotive industry. The alpha olefin's final products, which are used in the automotive industry for managing and maintaining the spare parts in motor vehicles, include plasticizers, lubricants, surfactants, and oil chemicals. These spare parts are utilized in automobiles to increase their longevity. The adoption of new and modified manufacturing techniques, as well as t...

  During the forecast period ranging from 2022-2032, the medical plastics market is expected to grow at a value of 7.8%. In 2021, this market was predicted to have a global valuation of US$ 46.5 Billion, and is expected to reach a sum of US$ 106.23 Billion by 2032, according to a recent report published by Future Market Insights. The market is going to face increasing demand owing to the increase in growing geriatric population and various advancements in the field of medical science. From 2017 to 2021, the Medical plastics industry grew at a CAGR of 6.3%. Since medical plastic does not permeate and is shatter-proof, it is an excellent choice for transporting biohazardous materials. Dangerous pathogens can be kept at bay by properly disposing of medical waste. Furthermore, these plastics have higher levels of safety and antimicrobial properties than other raw materials. Because medical plastics aid in decontaminating samples and securely containing them, the medical plastic mark...

  The agricultural sprayers market is projected to be US$ 3,298 million in 2022 and to increase at a CAGR of 6.0% to US$ 5,906.2 million from 2022 to 2032. Growth is attributable to farmers being more aware of agricultural sprayers. Pesticides and insecticides are applied to plants using agricultural sprayers to manage diseases and pests. These sprayers are also used to apply micronutrients to encourage plant development and pesticides to suppress weeds. The chemical solution is broken down into tiny droplets by the sprayers, which then evenly disperse the pesticides throughout the plant. The market structure for agricultural sprayers is also covered in detail. The internal team at FMI for the chemicals and materials sector offers insightful advice that is supported by the most recent data. The study also provides access to a sizable database that monitors present and future innovations in chemicals and materials across more than 100 nations. Agricultural Sprayers Market Dri...