The total value of the global hyperelastic material market reached $15.5 billion in 2021. It is anticipated to expand at a CAGR of 5.2% during the forecast period of 2022 to 2030. The term "hyperelastic" refers to a unique category of materials that continue to behave elastically even after being subjected to significant strains and alterations.
In 2021, the global market for finishing lines reached US$ 7.1 billion. It is anticipated to expand at a CAGR of 5% during the forecast period of 2022 to 2030. Finishing lines are collections of different pieces of machinery that are utilized in the process of coating or otherwise treating the surfaces of items. Coatings find widespread application in a variety of end-use industries, including automotive and vehicle refinishing, electronics, aerospace, oil and gas, mining, maritime, and power generation, to name just a few.
The water and wastewater treatment market is expected to grow at a CAGR of 7.5% during the forecast period of 2022 to 2030. The global COVID-19 epidemic has been unprecedented and astounding, resulting in a demand for water and wastewater treatment that is lower than anticipated across all regions when compared to levels that existed prior to the pandemic. The growth of the water and wastewater treatment equipment market is likely to be driven during the forecast period by the rising demand for water and wastewater treatment equipment in municipal and industrial applications.
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.
The market for specialty paper is expected to grow at a CAGR of 6% during the forecast period of 2022 to 2030. Because specialty paper has superior qualities in terms of moisture retention, pH levels, and hygiene, it is frequently utilised in the food and beverage, lifestyle, and cosmetics industries as a component of packaging materials. In addition, increasing levels of discretionary spending have led to an increase in the demand for high-quality packaging material, which has contributed to the expansion of the industry.
The global market for soft tissue allografts is expected to grow at a CAGR of 7.5% during the forecast period of 2022 to 2030. In addition, the industry had a revenue of approximately US $4.2 billion in 2021. The expansion of the market can mostly be ascribed to the rising number of people who have been injured in accidents and the growing elderly population. According to projections made by the World Health Organization (WHO), the total number of individuals aged 60 and older across the globe would reach 1.4 billion by the year 2030.
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.