Chemical Insights

  The global butyraldehyde market was worth US$ 200 Million in the year 2022 and is expected to reach US$ 360 Million by the year 2032 at a CAGR of 6% between 2022 and 2032. Butyraldehyde, better known as ‘Butanal’, comes across as a colorless liquid carrying a pungent smell. It is soluble in majority of organic solvents but not entirely soluble in water. Oxo process is a common method of producing butyraldehyde. Herein, carbon monoxide, propylene, and hydrogen react together. Rhodium acts as a catalyst. Butyraldehyde is actually used in the form of raw material for producing polyvinyl butyral, trimethylolpropane, 2-ethylhexanol, and n-butanol. Another application is that of an intermediate in the chemical vertical. It also finds its presence in crop protection products, pesticides, pharmaceuticals, synthetic resins, perfumes, and plasticizers. Butyraldehyde is mostly used in producing n-butanol. This could, in turn, be used in the form of solvent in the coatings vertical an...

  The global gypsum-free lactic acid market is projected to reach a valuation of around US$ 3.4 billion by 2032, with sales growing at a stellar CAGR range of 9.5% to 11% from 2022 to 2032. Valued at US$ 1.2 billion in 2021, the target market will reach an estimated US$ 2.4 billion by 2028. This strong market growth can be attributed to elevated demand for gypsum-free lactic acid across multiple industrial verticals including food and beverage, chemicals, pharmaceuticals, and personal care products. Many of these industries prefer gypsum-free lactic acid due to its enhanced sustainability and low environmental impact. These facets will propel the market forward during the forecast period. Though lactic acid has been used for various purposes for a long time, the industrial manufacturing of lactic acid is energy sensitive and yields enormous amounts of by-products like gypsum which results in a greater carbon footprint of the process. Hence, lactic acid manufacturing enterprises ...

The global europium market is anticipated to create an absolute dollar opportunity over the forecast period by registering a robust CAGR of 5.5% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 225 Million by 2022 to surpass a valuation of US$ 385 Million by the end of 2032. Various technical developments in the field of earth metal nanocrystals are predicted to upsurge the global demand for the europium market across the assessment period.  Europium is known as a rare earth metal that oxidizes readily in the presence of air and water. In addition to that, it is generally present in oxide form and comprises various applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy, and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices. The rising demand for flat panel displays and LEDs along with swelling civil infrastructure are some of the major growth drivers for the fueling up of ...

  The global dysprosium market is anticipated to create lucrative growth over the forecast period from 2022 to 2032 by registering a CAGR of 5.2%. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion by 2032. The growth of the market is attributed to its dominance as a producer of rare earth elements, Asia Pacific is claimed to be the largest consumer of dysprosium.   The global dysprosium market is expected to increase significantly over the forecast period, owing to rising demand from the automotive and electronics sectors. Furthermore, the increased use of permanent magnets in consumer electronics such as Smartphones, televisions, and loudspeakers is boosting the worldwide dysprosium market. New and latest trends including electric mobility, clean energy, automation, and energy efficiency are expected to augment the usage of dysprosium, propelling the worldwide dysprosium market growth. Alternatively, different technical...

  The global bio-wax market was worth US$ 2.4 Billion in the year 2022 and is expected to reach US$ 3.6 Billion by the year 2032 at a CAGR of 4% between 2022 and 2032. Bio-wax implies a constellation of water-soluble organic polymers produced from the bio-based raw materials. It could also be referred to as one of the by-products of biodiesel manufacturing process. The application areas, apart from personal care and cosmetics, comprise fire logs, water protection systems, infrastructure buildings, and paints & coatings. Bio-waxes have been developed for replacing synthetic olefins and petroleum-based wax. They constitute a low odor group (of compounds) that refrain from interfering with the complex fragrance profiles. Molecular weight coupled with polymer’s branching decide properties and uses of bio-wax. The US Environment Protection Agency states that bio-based fuels do not contribute toward increase in concentrations of carbon dioxide in the atmosphere. This is the ba...

  The tinted glass market is anticipated to expand its roots at a steady CAGR of 6.6% between 2023 and 2033. The market is anticipated to cross a market share of US$ 41.26 billion by 2033 while it is likely to be valued at US$ 21.77 billion in 2023. The new construction and interior design businesses are fueling the demand for tinted glasses solutions. Furthermore, new experiments such as French green, crystal grey, and euro grey tinted float glass are flourishing the demand for tinted glass. The enhanced safety and security delivered through tinted glasses is flourishing the market growth. Furthermore, increased efficiency due to the lower energy consumption is anticipated to the market growth. The advanced glassing solution along with the low-maintenance glasses is further expected to boom the demand for tinted laminate glass. Alongside, tinted smart glass is also in high demand, expanding the tinted glass market size. ...