Chemical and Material Industry News

 The global resorcinol market size is expected to value at USD 580.3 million by 2025. The resorcinol industry is subject to witness a substantial growth due to the growing adoption of resorcinol for production of rubber, wood adhesives and UV stabilizers, along with inherent advantages associated with the chemical. Growing demand from industries such as building & construction and automotive sector and the development of innovative products together are expected to drive the growth of the market in the upcoming years. Globally, the resorcinol market is predicted to grow at CAGR of 3.3% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Resorcinol, termed as a 1,3-Benzenediol is a chemical adhesive, largely utilized for bonding purposes. Resorcinol is a by product of benzene. Crystallization of benzene results in formation of resorcinol. Resorcinol is highly soluble in ether, alcohol, and water. Some of the co

 Global Steel Market is expected to reach USD 1.01 trillion by 2025. Steel is an alloy of carbon and iron-containing less than 2% carbon and 1% manganese and little amount of oxygen, silicon, Sulphur, and phosphorous. It is known as the universe most important construction and engineering material. It is exclusively used in cargo ships and surgical scalpels, cars and construction products, and refrigerators and washing machines. The Steel Market is estimated to grow at a significant CAGR of 2.6% over the forecast period as the scope and its applications are rising enormously across the globe. Increasing use of strong building materials, rising inclination of contractors towards sustainable, and low cost of materials are documented as major factors of steel industry that are estimated to enhance the growth in the years to come. However, ban on iron ore may restrain overall market growth in the coming years. Steel Market is segmented based on type, product type, application, end user, an

 The global Specialty Chemicals Market size is expected to value at USD 1.79 trillion by 2025. The market is subject to witness a substantial growth due to the high-end demand for function specificities chemicals and variation in consumer and industrial product life cycles. Other factors such as increasing concerns regarding the excess of pollution, environmental hazards, and growing demand for an alternative solution to limit greenhouse gas (GHG) emissions, are expected to drive demand for the specialty chemicals in upcoming years. Specialty chemicals are increasingly used in water-based paints, biodegradable plastics, solar-powered and rechargeable electronics. Globally, the specialty chemicals market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Recent technological advancement in the specialty chemicals industry is presenting lucrative growth avenues for industry play

 The global Defoamers Market is estimated to touch US$ 4.4 billion by the completion of the prediction period. The market was appreciated by US$ 2.93 billion in the year 2016. Growing investment on the process of water treatment through the world has motivated the international market. Additionally, development in manufacture of paper & pulp in emerging areas of the world has powered the demand. The market estimated to develop at a CAGR of 4.7% for the duration of the prediction. The Defoamers or else antifoaming mediators are the chemical additives that decrease and impede the development of foam in manufacturing procedures. The Defoamers market on the source of Type of Application could span Foodstuff & liquid refreshment, Agrochemicals, Paper & pulp, Water treatment, Coatings, and Others. The subdivision of Paper & Pulp is the prominent application sector of international market in the year 2016, tracked by subdivision of Coatings. The subdivision of Paper & Pulp

 Global Carboxymethyl Cellulose (CMC) Market is anticipated to reach USD 1.86 billion by 2025. Carboxymethyl cellulose is also known as “Sodium Carboxymethyl cellulose” or “CMC”. It is an anionic water-soluble polymer produced from naturally occurring cellulose by the process of “Etherification”. Hydroxyl groups could be substituted with carboxymethyl cellulose chain. The Carboxymethyl Cellulose structural formula is R=H (CH2CO2H). The carboxymethyl cellulose is odorless, chemically stable, tasteless substance, and physiologically inert. It is non-toxic in nature, and hypoallergenic with high viscosity. The caustic soda, mono chloroacetic acid, and plant-derived cellulose are the raw materials mainly used for manufacturing carboxymethyl cellulose. The factors that propel the growth of the Carboxymethyl Cellulose industry include growing demand of low-fat food. Moreover, increasing production of cosmetics and pharmaceuticals, the rising exploration activities and oil drilling. On the ot

 Global Organic Peroxide Market is expected to reach USD 1.20 billion by 2025. An organic peroxide is a carbon-containing compound with a two oxygen atom joined together. This chemical group is termed as a “peroxy”. These peroxides are mainly used to initiate polymerization that creates plastic polymers. They are necessary for developing plastic like polyvinyl chloride, polystyrene, and complex products like fiberglass. It is mainly used by rubber and plastic industries. A mixture containing an organic peroxide is mainly used as promoters, accelerators, initiators, activators, hardeners, catalysts, and cross-linking agents. The Organic Peroxide Market is estimated to grow at a significant CAGR of 4.3% over the forecast period as the scope and its applications are rising enormously across the globe. High demand for end use polymers and fabrics from middle-class populace and exclusively demanded among manufacturing commodities for detergents, personal care, and packaging are documented a

 The global medical grade silicone market is expected to reach USD 596.8 million by 2025, with a CAGR of 6.6%. Growing practice of suture sleeves, diagnostic guide wires, over-molded surgical blades and heart pumps and defibrillators, is likely to boost the demand for medical silicone above the period of prediction. Elderly inhabitants together with the increasing worldwide salary stages particularly in the emerging nations comprising Indonesia, China, Thailand, and India is likely to trigger the development. The increasing occurrence of orthopedic illnesses for example deteriorating bone sickness and the increasing amount of road misfortunes are the most important reasons motivating the development of business. Additionally, the worldwide synchronization of criteria and controlling necessities is expected to simplify the general progress of the product in the neighboring future. The Medical Grade Silicone market on the source of Type of Application could span Oral Care Products, Medic

 The global metal foam market is expected to value at USD117.7 million by 2025 with a CAGR of 4.1%. The Market is driven by factors such as boom in construction industry, industrial sector and aerospace domain. Market entrants are exploring new arenas for development and application of production processes. Rising environmental concerns and government inclination towards lessening automotive pollution control have enabled automotive manufacturers to enable innovative techniques to curb pollution problems. Foundry owners are now adopting sustainable techniques to overcome issues such as high capital costs, labor law and government regulations rigid by nature. However, negatively influencing drivers for metal foam market include disparity in properties and considerable uses.  Metal foams are a new class of materials with unique characteristics such as highly mechanical, robust, electrically efficient and so on. Metal foams are known to offer lightweight structures, thermal management and

 The global Magnetic Sensors Market is estimated to touch US$ 3.22 billion by the year 2025. Growing consciousness concerning security of automobile together with a general drop in prices of sensors is boosting the demand for magnetic sensors. Furthermore, technical progressions in consumer electronics consistent with propagation of IoT equipment are likely to influence positively, the progress of the magnetic field sensors market. The Magnetic Sensors Market is expected to develop by a CAGR of 6.8% for the duration of the prediction. Promising guidelines by the government relating to the setting up of magnetic sensors in automobiles and their security apparatus are too expected to deliver the boost to the market in the approaching years. Magnetic sensors form an important constituent of direction finding arrangements, utilized in smartphones and automobiles. The Magnetic Sensors market on the source of Type of Application could span Industrial, Automobile, Consumer Electronics. The su

 Global Linseed Oil Market is anticipated to reach USD 939 million by 2025. Linseed is also known as “Flaxseed”. These are small, tanned, brown or golden colored seeds that are the richest sources of a plant-based omega-3 fatty acids, known as alpha-linolenic acid. Linseeds are an excellent source of fiber and a good source of minerals and vitamins. They are very low in Sodium and Cholesterol. This flaxseed is helpful to improve digestive system, reduce sugar cravings, promote weight loss, and balance hormones. Linseed oils are widely used in the production of several products comprising paints, putty, gliding, floorings, wood finish, linoleum, food processing, and nutritional supplement. The high demand for these oils across several end-user businesses could be ascribed to their high polymerizing, layer formation, and bonding abilities. To render tempering, litho oil, catalyzed curing, grinding, and bonding, Linseed oil is mainly used. In addition, Linseed oil is extensively used in p