Chemical Insights

  Future Market Insight projects that the global iron oxide market will grow at a CAGR of 4.1% to reach US$ 3,929.7 million by 2033. This represents a significant increase above the estimated value of US$ 2,629.4 million in 2023. Several factors contribute to the overall development of the global iron oxide industry. One key driving factor is the rising demand for iron oxide pigments, particularly in decorative concrete applications. These pigments are favored for their cost-effectiveness, compatibility with cement, and durability. Consequently, the increasing preference for iron oxide pigments over other types is propelling the growth of the global market during the forecast period. The increasing adoption of iron oxide materials in various end-use industries, particularly paints, and coatings, is another crucial driving factor for the overall market development. These pigments find extensive use in manufacturing different types of coatings and paints, catering to industries ...

  The global automotive plastics market was valued at  US$ 64.8 billion  in 2018 and reached  US$ 65.6 billion  in 2022.  The market is anticipated to surge at a  CAGR  of  6.9%  over the forecast period 2023 to 2033, reaching  US$ 136.3 billion  by 2033-end.  Key Takeaways:   ·         The global market for automotive plastics is projected to witness a CAGR of 6.9% during 2023 to 2033. ·         With the significant increase in the sales and production of automotive vehicles, China is anticipated to remain a prominent country in the market growing at 8% CAGR through 2033. ·         By material type, the polypropylene segment is expected to remain the key segment and is estimated to account for 20.3% of the total volume in 2023. ·         By end use, the conventio...

  The bromine market is expected to be worth US$ 2.53 billion in 2023 and US$ 4.7 billion in 2033. Between 2023 and 2033, the market is expected to register a growth rate of 6.3%. Increased crop yields and modern agriculture have added to the need to store agricultural products for long periods of time, including vegetables, dried grains, cotton, and fruits. The effectiveness of many substances in controlling pests that degrade products stored for long periods of time has been studied. Factors such as geopolitics, trade policies, and reserves of bromine can influence bromine availability and supply. The efficiency and cost-effectiveness of bromine supply can be impacted by technological advancements in bromine extraction and processing methods. The use of bromine in power plants reduces air pollution. Coal combustion releases mercury into the atmosphere, and about 40% of global power still comes from coal. Scalable batteries based on bromine ions have been developed in newer...