The global market for textile auxiliaries is expected to grow at a CAGR of 5% during the forecast period of 2022 to 2030. Demand for textile auxiliaries is being fuelled across the world by a number of factors, including the expansion of the global apparel and clothing industry, the growing utilisation of textile auxiliaries for a variety of applications, and the shifting emphasis toward environmentally friendly products. By the end of 2022, the global market for textile auxiliaries will account for approximately 40% of the total value of the textile chemicals industry.
In the year 2021, the global market for dimethyl ether is expected to rise at a CAGR of 10% during the forecast period of 2022 to 2030. Dimethyl ether, also known as methoxymethane, wood ether, dimethyl oxide, or methyl ether, is the simplest type of ether. It is abbreviated as DME and can also be written as methyl ether. It is an odourless, somewhat narcotic, nontoxic, and easily combustible gas that can be handled like a liquid if gentle pressure is applied while the temperature is maintained at room temperature.
The global market for polyol esters in expected to grow at a CAGR of 4% during the forecast period of 2022 to 2030. The growth is due to the growing demand for esters from a variety of end-use industries such as the chemical, food & beverage, and automotive industries.The expansion of the industrial sector will be fuelled by an increasing need for high-performance lubricants.The lubricants business has exerted significant effort toward the development of high-performance lubricants for use in the industrial, aerospace, and automotive markets.
The global polyimide films market is expected to grow at a CAGR of 6% during the forecast period of 2022 to 2030. The presence of potential end-user sectors gives the Asia-Pacific region the upper hand in terms of the market share at the moment. The expansion of the use of polyimides in the automotive and aerospace industries is one of the most notable trends that the market is now experiencing.
The global market for polyetheretherketone (PEEK) is estimated to grow at a CAGR of 7% during the forecast period 2022-2030. The need to reduce fuel use as much as possible has arisen in response to mounting worries about the environment, chief among which are massive carbon emissions. Because of the urgency of this problem, automakers have been pressured to concentrate on developing ways to improve fuel efficiency while simultaneously reducing the total weight of their vehicles.
The global masterbatch market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2022 and 2030. It is anticipated that one of the primary factors that will drive growth in the global market over the forecast period will be the substitution of plastics for metals in various end-use industries, such as the automotive and transportation, building and construction, consumer goods, and packaging industries. The demand for various types of plastic that use the product for imparting functional features is being driven by the rising emphasis placed on the use of plastic in the automotive industry in order to decrease vehicle weight and, as a result, increase the fuel efficiency of the vehicles.
In 2021, the global market for polyaryletherketone (PAEK) is estimated to expand at a CAGR of 6.5% during the forecast period of 2022 to 2030. It is anticipated that PAEK would experience strong growth as a result of its qualities, which include outstanding performance even at higher temperatures and resistance to friction. Polyether ether ketone (PEEK) is becoming more utilised in the aerospace industry due to the fact that it is a polymer that has a high glass transition temperature.
The global market for boron carbide is expected to grow at a CAGR of 5% during the forecast period of 2022 to 2030. It is anticipated that the building of nuclear reactors for the production of sustainable energy, particularly in developing economies, will drive sales. It is anticipated that numerous advantageous characteristics of organic boron carbide, such as its hardness, chemical inertness, and high absorption of neutrons in cross-section, will also drive the market.
The white spirit market is expected to grow at a CAGR of 6% during the forecast period. White spirit is a type of clear, translucent liquid that is generated from petroleum and is utilized as a common organic solvent in a variety of applications, including painting. White spirits have the effect of lowering the paint's viscosity, which in turn allows the paint to dry more slowly. After the paints on which white spirits are used as a thinner have dried, a smooth and levelled coat is formed on the surface, which is then painted over.
The global hydrogen peroxide market is expected to grow at a CAGR of 3.5% during the forecast period of 2022 to 2030. Hydrogen peroxide is in high demand because of its versatility in a variety of application areas, including the paper and pulp industry, chemical manufacturing, the textile industry, water treatment, home care, and specialty application areas such as food and beverage manufacturing, electronic manufacturing, and pharmaceutical manufacturing.
Chemicals Market Research Reports
Chemicals form the foundations of many objects used across the globe today, as they help transform raw materials like food items, crude oil, minerals, metals and gases into different usable forms. The chemicals market is one of the biggest industries and is driven by a number of subsidiary divisions. The main chemicals industry is itself bifurcated into several categories like specialty chemicals, polymers, commodity chemicals and basic chemicals.
The chemicals market industry is the multibillion dollar global sector and it provides many business opportunities awaiting to be nourished. It also faces strong competition in research & development as well as in product innovation. The wide range portfolio of Market reports featured at Acute Market Reports guides you in choosing market intelligence that helps your chemicals business to grow.
The chemicals market is considered as a base for the existence of several other industrial sectors like adhesives, pharmaceuticals, food, sealants, plastics, food & agricultural processing, electronics, personal care products, cosmetics, oil, petrochemicals and paints. Universally, chemicals are sourced from different kinds of avenues such as oil & gas wells, biomass products, mines and controlled industrial reactions.
The chemicals sector consists of leading companies that lead constant innovation and research. Acute Markets Reports encompasses different ancillary and core dimensions of the chemicals business industry which helps you to remain well informed of the growing trends of the market.