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Showing posts from February, 2024

Growth Prospects: White Inorganic Pigment Industry Predicted to Reach US$ 50.2 Billion by 2034, with 6.2% CAGR

  The global market for white inorganic pigments is poised for significant growth, with an estimated value of US$ 27.4 billion in 2024, projected to surge to US$ 50.2 billion by 2034, marking a robust Compound Annual Growth Rate (CAGR) of 6.2% over the decade. This expansion reflects increasing demand across various industries such as paints and coatings, plastics, and construction, driven by factors including urbanization, infrastructure development, and rising disposable incomes worldwide. Manufacturers are likely to focus on innovation and product development to cater to evolving consumer preferences and regulatory standards, thereby fueling further market expansion during the forecast period. White inorganic pigments are used in industrial coatings for metal substrates, machinery, equipment, appliances, and infrastructure to provide protective and functional properties while maintaining a visually appealing appearance. The automotive industry is a significant user of white i...

Resin Capsule Market Outlook: Promising Growth with 5.2% CAGR Expected till 2034

  The resin capsule market is anticipated to be valued at US$ 1.3 billion by 2024. The market valuation is estimated to be US$ 2.1 billion by 2034, projected at a CAGR of 5.2%. The market is a thriving sector that provides innovative anchoring and reinforcement solutions primarily utilized in the construction, mining, and tunneling industries. Resin capsules are pre-measured quantities of resin enclosed in a sealed container designed to be inserted into drill holes, where they subsequently cure and form a robust bond with surrounding materials. One key advantage of resin capsules is their quick and efficient installation process, which significantly reduces project timelines and labor costs compared to traditional anchoring methods. Resin capsules boast high load-bearing capacity and resistance to various environmental factors, making them ideal for use in demanding applications. The demand for resin capsules is primarily driven by the global surge in infrastructure development ...

Market Outlook: Gypsum-free Plaster Industry Eyes US$ 4 Billion Milestone by 2032

  The global gypsum-free plaster market  is predicted to grow at an average CAGR of  3.4%  and reach a valuation of  US$ 4 Billion  during the forecast period of 2022-2032. Heightened environmental consciousness coupled with an increasingly aware global population and shifts in consumer preference is expanding the gypsum-free plaster market. One of the most commonly used plaster forms, gypsum-based plaster is preferred over conventional sand cement plaster. This is due to the lightweight, easy-to-apply, able to provide superior finish properties of gypsum. It also makes for a shorter turnaround time. Nevertheless, prolonged usage of gypsum has resulted in severe environmental consequences. This has fostered an environment of growth for the gypsum-free plaster market.  Rapidly evolving construction industry along with a strong emphasis on green and sustainable building will supplement market growth for gypsum-free plasters. At present, a greater par...

Upward Trend: Acrylate Oligomer Market Envisioned at US$ 4.05 Billion by 2033

  The global acrylate oligomer market is expected to attain a valuation of US$ 2.35 billion in 2023 and is projected to reach US$ 4.05 billion by 2033 while exhibiting a CAGR of 5.6% during the forecast period. The sales of acrylate oligomer are expected to increase due to increasing demand in the paints & coatings and adhesives & sealants industries, where they serve as substitutes for traditional polymers. Additionally, the market is boosted by the rising preference for environmentally friendly and bio-based products. The paints & coatings industry, fueled by construction activities and the demand for decorative paints, constitutes the largest end-use segment for acrylate oligomers. Similarly, the adhesives & sealants industry, particularly driven by the packaging sector, is the second-largest end-use segment, contributing to the market's growth. An essential growth driver for market is the rising adoption of acrylate oligomers as replacements for tradit...

Strategic Insights: Furfuryl Alcohol Market to Witness 5.9% CAGR, Targeting US$ 1.5 Billion by 2028

  The global  furfuryl alcohol market   is poised for significant expansion, with projections indicating a steady 5.9% compound annual growth rate (CAGR). Starting at US$ 1.0 billion in 2022, the market is expected to surpass US$ 1.5 billion by 2028. This growth trajectory underscores the increasing demand for furfuryl alcohol across various industries, driven by its versatile applications in resins, solvents, pharmaceuticals, and agricultural chemicals, among others. Factors such as technological advancements, expanding industrial sectors, and the growing emphasis on sustainable practices are likely to further fuel market growth in the coming years. Furfuryl alcohol (C4H3OCH2OH), also known as 2-furylmethanol or 2-furancarbinol, is an organic compound containing a furan substituted with a hydroxymethyl group. Furfuryl alcohol is made from furfural by means of catalysis with hydrogen. It is colourless or pale yellow in appearance and finds adoption in various applicatio...

High-Silica Zeolite Market Forecast Indicates US$ 1.37 Billion Revenue by 2032, CAGR at 1.2%

  The high-silica zeolite market is expected to exhibit a modest Compound Annual Growth Rate (CAGR) of 1.2% throughout the forecast period, projecting a rise in market share from US$ 1.22 Billion in 2022 to US$ 1.37 Billion by 2032. Factors contributing to this growth include increasing applications in industries such as petrochemicals, construction, and agriculture, driven by the unique properties and versatile nature of high-silica zeolites. Despite the relatively conservative growth rate, steady expansion in demand underscores the enduring relevance and potential of high-silica zeolites in various sectors over the coming years. The high-silica zeolite market encompasses a wide array of industries, including petrochemicals, refining, detergents, environmental protection, and more. These zeolites exhibit exceptional thermal stability, high surface area, uniform pore structure, and ion-exchange capabilities, making them indispensable in various processes. Stay Competitive and...

Insightful Forecast: Acrylamide Market to Flourish with 4.1% CAGR, Surpassing US$ 5.5 Billion by 2033

  The global acrylamide market is poised for significant growth, projected to achieve a valuation of US$ 3.65 billion by 2023 and anticipated to reach US$ 5.5 billion by 2033, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.1% throughout the forecast period. This expansion can be attributed to increasing applications across various industries such as water treatment, cosmetics, and paper manufacturing, driven by the demand for effective chemical solutions. Additionally, technological advancements and growing awareness regarding the benefits of acrylamide in diverse sectors are likely to further propel market growth in the coming years. The global acrylamide market has witnessed steady growth over the past decade, propelled by its extensive use in various sectors including water treatment, paper manufacturing, cosmetics, and especially in the production of polyacrylamide, a key polymer used in wastewater treatment and oil recovery processes. Request a Sample Report ...