Chemicals & Petrochemicals Market Updates: Key Trends & Opportunities
22 Apr 2021 • by Natalie Aster
LONDON – Market Publishers is pleased to inform that our rich collection of chemical and petrochemicals market reports has been recently replenished with a lot of new research studies. Here are some market details from the most popular research reports featuring the chemicals and petrochemicals market recently published at MarketPublishers.com:
The global polyethylene capacity is poised to exhibit moderate growth during the next five years from 122.27 mtpa in 2020 to 183.02 mtpa in 2025. Around 164 planned and announced Polyethylene projects are predicted to come online through 2025, predominantly in the Asian region followed by the Middle East. Among countries, China is set to account for the largest share of polyethylene capacity additions during 2021-2025, followed by the US and Russia…
Last year, the global green hydrogen market crossed USD 908 million in value terms. This market is slated for healthy growth in the coming years, encouraged by the increasing demand for renewable energy sources along with rising government initiatives and subsidies promoting the adoption of clean fuel. On the basis of technology, the alkaline electrolyzer segment is predicted to stay in the lead of the overall market in the next few years. On the basis of applications, the green hydrogen market is expected to be dominated by the power generation segment, owing to the rapidly mounting demand for power backed by the increasing global population and robust industrialization…
The worldwide helium market is slated to grow at a CAGR of 11.15% CAGR over 2021-2025, driven by the increasing number of laparoscopy procedures, mounting demand for consumer electronics, soaring popularity of party balloons, and rising purchasing power. Meantime, fluctuations in smartphone production and cost risks associated with the energy sector are expected to act as the major market growth challenges. In value terms, the global helium market is projected to increase to USD 18.18 billion by the year 2025. The gas segment (on the basis of type) is set to dominate the overall helium market through 2026…
The world’s benzene market is projected to exceed USD 105 billion by the year 2025, registering healthy growth at a 3.9% CAGR in the next 5 years. The factors such as an upturn in oil and gas exploration activities, rising construction expenditures, strong demand for polyester fiber, increasing consumption of household cleaning products, and rapid urbanization are poised to act as the key market growth engines in the coming years. However, the growth of the benzene industry would be hindered by stringent environmental regulations and volatility in raw material prices. The benzene market is dominated by 3 key derivatives: StyreneMonomer (SM), Cumene, and Anone (Cyclohexanone). The expanding beverage industry, growing refrigerators consumption, and rising production of homopolymer and copolymer of polystyrene are helping SM to remain at the top position amongst all the benzene derivatives…
The world’s market for choline chloride registered healthy growth during the past several years and is expected to continue gaining pace in the next 6 years, encouraged by the increasing consumption of poultry meat and eggs, backed by the growing disposable incomes along with better living standards, and the rising awareness of feed supplements among end-users. As of 2020, the value of the global choline chloride market crossed USD 614 million, whilst the volume exceeded 595.6 thousand tonnes. Asia-Pacific commands the largest share of the world’s choline chloride market and is poised to stay in the lead in the coming years…
The global sodium silicate market is projected to experience growth at a CAGR of 3.7% between 2020 and 2027, spurred by the surging use of sodium silicate in different applications (including paints, adhesives, green tires, detergents, and tube winding). However, the increasing concerns regarding the hazardous effect of prolonged exposure to sodium silicate on humans are expected to hamper the market growth in the coming years. Nonetheless, the introduction of advanced production processes, for instance as sugar addition, to eliminate the knocking problem is anticipated to act as an opportunity in the future. By 2027, the value of the global sodium silicate market is set to amount to USD 9.2 billion…
Propelled by the increasing demand for ethylene carbonate from various end-use industries (including industrial, oil & gas, medical, automotive, personal care, hygiene, etc.), the world’s market for ethylene carbonate is predicted to register healthy growth at a 6.6% CAGR in the next 5 years. In value terms, this market is poised to grow from USD 319 million in 2020 to reach USD 439 million by 2025. However, some challenges such as the scarcity of raw materials and regulations on the use of ethylene carbonates may hinder the growth of the market to some extent. Based on applications, the lubricants segment is slated to be the major contributor to the ethylene carbonate market growth during the forecast period…
A full collection of in-demand research studies covering the chemicals and petrochemicals market can be found in this Market Publishers’ catalogue.
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