Chemical and Material Industry News

 Fiber Reinforced Polymer (FRP) Composites Market is estimated to reach USD 282.9 billion by 2025. A fiber reinforced polymer (FRP) composite material, as the name suggests, implies reinforcing fibers in a polymer constituent or matrix. These fibers could be mat, fabric, or components. The key features associated with fiber reinforced polymer products including flexibility, strength, low cost, and conductivity are estimated to drive the market growth in the upcoming period. The factors that propel the growth of the FRP Composites Market comprise the low cost of FRP composite, increasing production capacity of FRP composite, and growth in the automotive sector. On the other hand, the factors that may hamper the growth of the market include high production cost of FRP composite. Fiber Reinforced Polymer (FRP) Composites Market is anticipated to grow at a significant CAGR of 10.7% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Fib

 Global Ammonia Market is expected to reach USD 76.64 billion by 2025. Ammonia is also termed as Azane, is a colorless inorganic compound of hydrogen and nitrogen. Its molecular formula is NH3 or H3N with a molecular weight of 17.031 g/mol. In the atmosphere, it is the most copious nitrogen-containing compound. It has a distinct strong odor and is exclusively used in industry. It is highly soluble in water. The ammonia can also be available in the form of ammonium salts like ammonium sulfate, (NH4)2SO4; ammonium nitrate, NH4NO3; and other ammonium phosphates. It occurs naturally throughout the atmosphere in the water, air, and soil, in animals and plants, and even humans. The Ammonia Industry is estimated to grow at a significant CAGR of 5.3% over the forecast period as the scope and its applications are rising enormously across the globe. Rising disposable income and growing population in developing countries like Indonesia, India, and Brazil that may lead demand for agricultural prod

 Global Ultra-High Performance Concrete (UHPC) Market is anticipated to reach USD 1.9 billion by 2025. The market is anticipated to grow at a healthy rate in the years to come. Ultra-high performance concrete (UHPC) implies an advanced cementitious material with the potential to be a viable solution to sustain the building and the other infrastructure. This is due to its versatile properties such as energy capacity, high strength, and durability as related to the other conventional concrete products. UHPC has been used for non-structural and structural precast components in several countries. On the other hand, there are factors that may hamper the growth of the market such as high cost of UHPC material, and lack of design codes. The ultra-high performance concrete industry is anticipated to grow at the highest CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market may be explored by type, application, and geography. Ul

The market is anticipated to grow at a healthy rate in the years to come. The factors that propel the growth of the market include rising awareness about safety and health coupled with governing mandates to impose trivalent chromium as a replacement for hexavalent chromium, and extensive investigation to decrease the use of destructive chemicals in the chrome finishing procedure. The trivalent chromium finishing industry is anticipated to grow at a significant CAGR of 5.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Trivalent chromium finishing market may be explored by system, application, end use, and geography. The market may be explored by system as Plating, Passivation, and Conversion Coatings. The “Trivalent Chromium plating” dominated the market in 2016 and is anticipated to maintain its dominance by 2025. As compared to coating, plating has gained higher share because of huge acceptance in productions such as applian