Chemical industry is one of the oldest industries within manufacturing. It not only plays a crucial role in meeting the day to day needs of the common man, but also contributes significantly towards industrial and economic growth of a nation. The glo ....see more
The extruded plastics market is projected to grow from USD 184.34 Billion in 2016 to USD 291.74 Billion by 2026, at a CAGR of 4.7% between 2016 and 2026. The growing demand for extrudates from the construction industry is expected to drive the extruded plastics market. Increasing demand from Asia-Pacific region from end-use industries such as packaging is also expected to fuel the demand for extruded plastics.
The global modified bitumen market was valued at USD 13.22 Billion in 2015 and is projected to reach USD 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. In this study, 2015 has been considered as the base year, and 2016–2021 as the forecast period to estimate the market size for modified bitumen.
The biodiesel market is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel products find usage in several end-use industries such as, automotive, power generation, marine, railway, agriculture, and mining in applications, including fuel, power generation, industrial solvent, and lubricating agent. The increasing usage of biodiesel across these industries is expected to drive the market for the biodiesel in near future.
The coated paper market is projected to reach USD 7.18 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. In this study, 2015 has been considered as the base year, and the forecast period is from 2016 to 2021 to estimate the coated paper market. The growing demand for coated paper in Asia-Pacific, Europe, and North America coupled with its increasing demand for packaging and printing applications is expected to drive the coated paper market.
The global concrete fiber market, in terms of value, is projected to reach USD 3.09 Billion by 2021, at a CAGR of 8.2%, from 2016 to 2021. Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.
The toluene market is projected to reach USD 23.41 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. The market is expected to be driven by the growing end-user base of toluene and its derivatives in various industries such as, building & construction, automotive, oil & gas, and consumer appliances, among others. The growing petrochemical industry in the Asia-Pacific region countries such as India, Taiwan, and Thailand has also opened new markets for toluene.
The global polypropylene foams market is projected to reach USD 1.27 Billion by 2021, at a CAGR of 5.78% from 2016 to 2021. The growing demand for light weight automotives is leading to an increase in the demand in the polypropylene foams market. Rising demand from end-use industries in the developed and emerging countries has triggered the growth of the polypropylene foams market.
The global polyurethane market is projected to reach USD 56.76 Billion by 2021, at a CAGR of 5.6% from 2016 to 2021. The growing urbanization and improvements in living standards of populations, and increase in the usage of polyurethane in the construction industry, its strong adherence ability, its exceptional mechanical & insulating properties, and chemical & heat resistance are driving the market for polyurethane. The use of PU in the footwear industry in the last few years has made it a worthy replacement to materials such as, Polyvinyl Chloride (PVC) and Ethylene Vinyl Acetate (EVA) because of the ease of processing and designing.
The global construction repaint market was valued at USD 47.64 Billion in 2015 and is projected to reach USD 93.72 Billion by 2026, at a CAGR of 6.5%. The base year considered for the study is 2015, while the forecast period is from 2016 to 2026. Construction repaint is recognized as the paint used in homes, multi-family residential, commercial, and institutional applications such as, varnishes, emulsions, and enamels, among others, for the purpose of maintenance, repairs, and renovation work. These applications drive the construction repaint market globally.
The portable gas chromatograph market is projected to reach USD 1.71 Billion by 2026, at a CAGR of 5.2% from 2016 to 2026. The key factor driving the growth of the portable gas chromatograph market is the rising demand for phosphite antioxidants from the petrochemical and plastic industries.
The rubber bonded abrasives market is projected to reach USD 1.47 Billion by 2026, at a CAGR of 3.1% from 2016 to 2026. The market is driven by increased demand for rubber bonded abrasives for auto ancillaries, aerospace, construction, cleaning & maintenance, medical, food packaging, and heavy industries.
The global polyfilm market is projected to reach USD 167.57 Billion by 2026, at a CAGR of 4.0% from 2016 to 2026. Polyfilm are used in end-use industries such as packaging, agriculture, consumer goods, medical, and others, including tapes & labels and automotive. The rising demand from these end-use industries is expected to fuel the growth of the polyfilm market in near future.
The metal biocides market is estimated to grow from USD 2.63 Billion in 2015 to USD 3.49 Billion by 2021, at a CAGR of 4.8%, in terms of value. The market is driven by the rapid growth in key end-use industries such as, paints & coatings, medical, and foods & beverages.
The global silicone gel market is projected to reach USD 1.96 Billion by 2026, at a CAGR of 6.9% during the forecast period of 2016 to 2026. The high growth of electrical & electronics industry globally and the increasing demand of silicone gel for various new applications from the end-use industries is driving the market and is resulting in increasing number of new product launches and expansions.
The global active ingredients market for cosmetics was valued at USD 2.63 Billion in 2015 and is projected to reach USD 4.45 Billion by 2026, at a CAGR of 5.2% from 2016 to 2026. Increasing demand of anti-aging, skin whitening, and sun protection products coupled with the increasing demand for multifunctional ingredients is estimated to drive the market.
The global phenol derivatives market is projected to be valued at USD 19.78 Billion by 2026, at a CAGR of 4.6% from 2016 to 2026. In this study, 2015 has been considered the base year and 2016 to 2026, the forecast period, to estimate the global market of phenol derivatives. The growing demand in the Asia-Pacific, coupled with the growing demand for automotive and electronics goods, is expected to drive the global phenol derivatives market during the forecast period.
The global stain resistant coatings market was valued at USD 2.30 Billion in 2015 and is projected to reach USD 4.60 Billion by 2026, at a CAGR of 6.6% between 2016 and 2026. In this study, 2014 has been considered as the historical year, 2015 as the base year, 2016–2021 as the mid-term forecast period, and 2016-2026 as the long-term forecast period for estimating the market size of stain resistant coatings.
The global medical device adhesive market is projected to reach USD 3.20 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021. Medical device adhesive are used in various applications such as needles & syringes, catheters, tube sets, masks, polycarbonate devices, and pacemaker & other equipment. Adhesives are used as an integral part for the bonding of various similar & dissimilar components in the medical devices. It has played an important role in the assembly of medical devices of various classes.
The global concrete cooling market was valued at USD 936.0 Million in 2015 and is projected to reach USD 1,722.4 Million by 2026, at a CAGR of 5.7% from 2016 to 2026. This growth is mainly attributed to the increasing demand for concrete cooling systems in Middle East countries and countries across the world that have high temperatures. Concrete cooling is a technique which is used for reducing the temperature of poured concrete to a certain level to maintain the characteristic temperature of the concrete.
The global Liquid Silicone Rubber (LSR) market, in terms of value, is projected to reach USD 3.82 Billion by 2026, at a CAGR of 8.3%, from 2016 to 2026. High-growth in the electrical & electronics and medical applications, and rapid growth in the demand for medical grade LSRs are the key factors driving the global LSR market.
The market size of high performance plastics is estimated to grow from USD 14.49 Billion in 2016 to USD 35.27 Billion by 2026, at a CAGR of 9.3% from 2016 to 2026. The market is driven by the increased usage of high performance plastics materials instead of conventional materials in high temperature applications.
The global self-compacting concrete (SCC) market is estimated to be USD 8.74 Billion in 2016, and is projected to reach USD 15.18 Billion by 2026, at a CAGR of 5.7% between 2016 and 2026. Growth of the self-compacting concrete market has been driven by varied factors, such as non-requirement of vibration processes in laying self-compacting concrete, significant reduction in maintenance, repairing, and overhauling (MRO) costs of self-compacting concrete, and limited impact on the environment.
The global industrial hydrogen peroxide market was valued at USD 2.38 Billion in 2015, and is projected to reach USD 4.28 Billion by 2026, at a CAGR of 5.53%, from 2016 to 2026. The base year considered for the study is 2015, while the forecast period is from 2016 to 2026.Industrial hydrogen peroxide products find usage in several end-use industries such as, pulp & paper, chemical synthesis, healthcare & personal care, food processing, textile, water & wastewater treatment, electronics & semiconductor and others (mining and metallurgy, transportation and recycling).
The caprylic/capric triglycerides market is projected to reach USD 913.4 Million by 2026, at a CAGR of 5.9% from 2016 to 2026. The key factor driving the growth of the caprylic/capric triglycerides market is the rising demand for personal care, food & beverages, pharmaceutical, and industrial & other application segments due to increase in population and high consumption. Strong demand and growing use of caprylic/capric triglycerides, especially in food & beverages products are the factors fueling the demand for caprylic/capric triglycerides.
The market for modacrylic fiber is projected to grow from USD 621.9 Million in 2016 to USD 723.7 Million by 2021, at a CAGR of 3.08%. This growth is due to the increasing applications of modacrylic fiber such as, hair fiber, pile (synthetic/fake fur), and protective clothing. Industrial regulations and standardizations regarding the safety of employees, also provide an opportunity for this market to grow.
The polyurethane composites market is estimated at USD 515.0 Million in 2016, and is projected to reach USD 909.8 Million by 2026, at a CAGR of 5.9% from 2016 to 2021. The rising adoption of polyurethane composites across various end-use industries such as transportation, building & construction, electrical & electronics, and wind power energy is expected to fuel the growth of the polyurethane composites market.
The global metal coatings market is estimated to be valued at USD 10.52 Billion in 2016 and is projected to reach USD 14.34 Billion by 2026, at a CAGR of 6.1% from 2016 to 2026. In this study, 2015 has been considered the base year to estimate the market size. The report provides the short term forecast from 2016 to 2021, and the long term forecast from 2016 to 2026.
The global high temperature resin market is estimated to be valued at USD 3.16 Billion in 2016, and is projected to reach USD 4.88 Billion by 2026, at a CAGR of 4.44% from 2016 to 2026. In this study, 2015 has been considered the base year to estimate the market size. The report provides the short term forecast for the period, 2016 to 2021, and the long term forecast for the period, 2016 to 2026.
The global butylated triphenyl phosphate market is projected to reach USD 30.7 million by 2026, at a CAGR of 4.8% from 2016 to 2026. The key factor driving the butylated triphenyl phosphate market is the increasing demand for butylated triphenyl phosphate from the automotive industry. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA) correspondent’s survey, 90.78 billion vehicles were produced in 2015.
The engineered foam market is estimated at USD 57.30 Billion in 2016, and is expected to reach USD 122.30 Billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Major growth drivers for the market include increased expenditure in space research activities and growth in the airline industry of emerging regions, such Asia-Pacific, Latin America, and the Middle East & Africa. High transition along with shorter product life cycles in end-use industries is another factor expected to drive the engineered foam market.
The global Isobutyl Stearate (IBS) market is projected to reach USD 182.3 Million by 2026, at a CAGR of 4.8% from 2016 to 2026. The Asia-Pacific region is the fastest-growing and the largest market, while Europe is the second largest region in the consumption of isobutyl stearate.
The global industrial dryers market was valued at USD 4.00 Billion in 2015 and is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3% from 2016 to 2026. This growth is mainly attributed to the increasing demand for industrial dryers from various end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp. Industrial dryers are equipment that can efficiently process large quantities of bulk materials which need reduced moisture levels. This helps several industries to meet their drying requirements.
The global roofing chemicals market is projected to reach USD 160.25 Billion by 2026, at a CAGR of 7.8% from 2016 to 2026. Roofing chemicals are experiencing a high demand from the construction sector in the Asia-Pacific region. Expansions and new product development activities undertaken by different companies for more energy efficient solutions are the key factors driving the growth of the global roofing chemicals market. Roofing chemicals helps in maintaining lower temperatures in the interiors of buildings by reflecting the sunlight on roofs. This reduces the energy consumption required to cool buildings.
The polyacrylamide market is estimated to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% from 2016 to 2021. The rapid industrialization and growing oil & gas industry in Asia-Pacific and the rising demand for polyacrylamide for enhanced oil recovery are the major factors expected to drive the growth of the polyacrylamide market.
The global roofing market is projected to reach USD 270.40 Billion by 2026, at a CAGR of 4.9% from 2016 to 2026. The growth of the global roofing market is mainly driven by increasing demand for roofing materials from residential, commercial, and non-residential sectors in the emerging economies. In addition, ongoing repairing and remodeling works in developed countries are also propelling the growth of the global roofing market.
The composites testing market was valued at USD 1.47 Billion in 2015, and is projected to reach USD 3.06 Billion in 2026 at a CAGR of 6.95%. The use of composites is becoming crucial in the interior and exterior structural applications of aircraft and transport vehicles due their high strength, and superior performance. These composites have to comply with the stringent composites testing standards and manufacturers’ proprietary testing standards to ensure safety and durability.
The evaporative condensing unit market is projected to reach USD 1.61 Billion by 2026, at a CAGR of 7.2% between 2016 and 2026. This growth can be attributed to the increasing demand for evaporative condensing units from end-use industries due to its energy efficient features. Technologically advanced evaporative condensing units are being preferred by consumers due to their extended durability and shelf life, and improved performance of refrigeration and air-conditioning systems. The growing demand for advanced refrigeration systems is expected to fuel the growth of the evaporative condensing unit market.
The global high pressure seals market size is estimated to reach USD 4.84 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021; and USD 6.99 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. The market is driven by the increased demand in end-use industries, such as oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing.
The global polymer bearing market is projected to reach USD 12.89 Billion by 2026, at a CAGR of 4.4% between 2016 and 2026. This growth is mainly attributed to the increasing demand for polymer bearings in the Asia-Pacific region. Increasing applicability of polymer bearings in the automobile, medical & pharmaceutical, textile, food processing, chemical, office products, and semiconductor industries further propels the growth of the global polymer bearing market. Polymer bearings are preferred for use on metal surfaces.
The global glass bonding adhesives market is projected to reach USD 1.76 billion by 2021 at a CAGR of 7.4%. The glass bonding adhesives market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. Glass bonding adhesives, due to their characteristic properties such as low temperature resistance, high bond strength, excellent adhesion property, and low thermal expansion, are used in a wide range of end-use industries such as furniture, medical, electronics, industrial assembly, transportation, and others.
The global soft magnetic materials market is projected to reach USD 42.14 Billion by 2026, at a CAGR of 8.1%, from 2016 to 2026. Soft magnetic materials offer good permeability and also help in the reduction of eddy current losses. Thus soft magnetic materials are extremely useful in various applications such as motors, transformers, and alternators. Companies are investing in R&D for the development and manufacture of high quality soft magnetic materials. The growing automotive end-user industry is one of the major drivers for the soft magnetic materials market.
The global electrically conductive adhesives market is projected to reach USD 2.53 Billion by 2021 at a CAGR of 8.48%. It is driven by the increase in use of electronic components in various industries such as aerospace, automotive, and consumer electronics, among others.
The global dyes & pigments market is projected to grow from USD 32.86 Billion in 2016 to USD 42.00 Billion by 2021, at a CAGR of 5.0% between 2016 and 2021. Both, increase in per capita consumption of dyes & pigments in emerging economies and increasing demand for dyes & pigments from varied end-use industries is expected to fuel the growth of the global dyes & pigments market during the forecast period.
The global corrosion resistant resin (CRR) market was valued at USD 6.30 Billion by 2015 and is projected to reach USD 12.56 Billion by 2026. The market is projected to grow at a CAGR of 5.7% between 2016 and 2026. In this study, 2015 has been considered as the base year. The time period between 2016 and 2026 has been considered as the long-term forecast period while the time period between 2016 and 2021 has been considered as the midterm forecast period.
The global construction composites market is projected to reach USD 8.98 Billion by 2026, at a CAGR of 6.00%, during the forecast period, 2016 and 2026. The increase in the penetration of construction composites in the construction industry, the long life & low maintenance requirement, rapid urbanization & economic boom in the emerging countries and the development of innovative products, are key factors responsible for the growth of the construction composites market.
The global liquid packaging market size, in terms of value, is projected to reach USD 370.75 Billion by 2021, at a CAGR of 5.4% between 2016 and 2021. The high demand is attributed to the growing food & beverage industry globally. Players in this market are adopting various organic and inorganic strategies to expand their presence in the emerging economies such as Asia-Pacific, Middle East & Africa, and Latin America.
The global roofing adhesives market is projected to reach USD 5.78 Billion by 2021 in the midterm, at a CAGR of 6.75% from 2016 to 2021. This market is projected in the long term to be USD 8.01 Billion by 2026. This growth is driven by growing middle class population in emerging countries such as China, India, and Brazil. Increasing demand of elastic bonding adhesives from construction application to avoid cracks, provide chemical, oil and grease resistance, and higher durability has also increased the demand for roofing adhesives.
The global concrete bonding agents market is projected to reach USD 5.87 Billion by 2026, at a CAGR of 8.2%. It is projected to reach 8,038.4 KT, at a CAGR of 6.6% from 2016 to 2026 by volume. Rising incomes of the middle class population in emerging countries such as India, Thailand, Indonesia, and Vietnam and the preference in repairing existing infrastructure rather than constructing new ones are the key factors driving the global concrete bonding agents market.
The global polymer processing aid market is expected to grow from USD 1.71 Billion in 2016 to USD 2.21 Billion by 2021, at a CAGR of 5.2% during the forecast period. Increasing applicability of plastics in end-use industries such as automotive, building & construction, consumer goods, and packaging is driving the growth of the global polymer processing aid market.
The global electrically conductive coating market, in terms of value, is projected to reach USD 18.88 Billion by 2021, at a CAGR of 8.0% from 2016 to 2021. In terms of volume, the market is projected to reach 17.6 KT by 2021, at a CAGR of 7.0% during the forecast period. The high demand for electrically conductive coatings for consumer electronics displays in the emerging economies of the Asia-Pacific region and Europe and North America, and the mergers & acquisitions and new product development strategies by different companies, are the key factors driving the global electrically conductive coating market.