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  The  gas separation membrane market  is anticipated to expand its roots at a steady CAGR of 7.3% between 2023 and 2033. The market is expected to have a market share of US$ 4.73 billion by 2033 while it is likely to be valued at US$ 2.34 billion in 2023. The growing awareness around the hazardous health effects of gases coupled with expanding urban settings is flourishing the market growth. Furthermore, the changing environment due to rising air and water pollution is pushing end users to adopt products for gas and impurity elimination. Stringent government policies are pushing authorities to use gas separation membranes for water purification, and the elimination of extra gases. Also, the transforming chemical industry with high demand for gases like oxygen and nitrogen is pushing the sales of the gas separation membrane. A key source of revenue is generated through chemical procedures that include nitrogen separation fr

  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa

  In 2023, the  natural cinnamic aldehyde market  is expected to be worth US$ 1,060 million. By 2033, the market is projected to cross US$ 1,611.0 million with a CAGR of 3.3% over the forecast period. The natural cinnamic aldehyde industry is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing demand for natural and sustainable ingredients in various consumer products. Natural cinnamic aldehyde, derived from plant sources, offers a unique fragrance profile that appeals to conscious consumers seeking authentic and eco-friendly products. The rising popularity of organic and natural cosmetics, perfumes, and household products has fueled the demand for natural cinnamic aldehyde, creating new opportunities for manufacturers and suppliers in the industry. While the natural cinnamic aldehyde industry presents promising prospects, companies and manufacturers also face certain challenges. One of the primary obstacles is the limited av

  The global  biomass gasification market  is anticipated to reach a valuation of US$ 114.0 billion in 2024, driven by awareness and education. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.9% between 2024 and 2034, and reaching a total valuation of approximately US$ 268.0 billion by 2034. Growing investments in renewable energy projects, including biomass gasification, are contributing to market expansion. Investors and financial institutions are recognizing the long-term potential and viability of such projects. Efficient gas cleaning and purification technologies are essential for biomass gasification systems. Ongoing advancements in this area are improving the overall reliability and environmental performance of biomass gasification processes. Integration of biomass gasification with other renewable energy sources, such as solar or wind, in hybrid energy systems is gaining attention. The approach aims to provide a more reliab

Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is

  Valued at US$ 4 Billion in 2021, the target market is set to reach an estimated US$ 4.2 Billion by the end of 2022.  An upsurge in the consumption of oil as well as other non-renewable energy fuel sources will drive the target market during the forecast period. The global  refinery process chemicals industry  is anticipated to reach a valuation of US$ 6.2 Billion in 2032, with the market growing at an average CAGR of 4% from 2022 to 2032. Crude oil experiences a series of different complex processes such as reformation, alkylation, cracking, desulfurization, and hydrotreating, among others, to yield a variety of in-demand products that find extensive usage across diverse industry verticals as well as in household purposes. The refining processes of crude oil are complex and include the usage of several chemicals at different steps in order to ensure superior quality of the end products. Owing to high demand and large-scale usage of crude oil, the refinery process chemicals market

  In a recent market analysis by Future Market Insights, the global market for  Airbag Propellant Chemicals  is projected to attain a value of US$ 11,273.1 Million by 2032, showcasing a robust CAGR of 5.4% from 2022 to 2032. This growth is attributed to the surge in demand for safe automobiles, ushering in an era of technological innovations in airbag development. The pivotal role of airbag propellants in enhancing vehicle safety cannot be overstated. These chemicals play a crucial role in inflating airbags precisely when needed, ensuring optimum protection for occupants in the event of a collision. The four primary propellant types—sodium azide, potassium nitrate, ammonium perchlorate, and tetrazoles—offer diverse options for achieving the desired airbag deployment characteristics. One of the key drivers for the rising demand for airbag propellant chemicals is the global increase in automobile production. Developing economies, in particular, are witnessing a surge in the adoption

  The global  phenolic boards market  was worth US$ 3.5 Billion in the year 2022 and is expected to reach US$ 5 Billion by the year 2032 at a CAGR of 3.63% between 2022 and 2032. Phenolic panels/compact phenolic panels (better known as phenolic boards) could be referred to as plates comprising a core made up of resin and thermosetting, high-density cellulose fibers. Different materials of several furnishes are used over the compact core. They are inclusive of wood panels, laminates, and likewise. The exclusive coating does give phenolic panels exclusive protection against moisture. They are generally used for manufacturing furniture and various other wooden objects to be used in toilets, bathrooms, and changing rooms. Cabins could be made from phenolic panels for showers, toilets, and likewise. Lockers could be made from phenolic panels for public areas and changing rooms. Countertops could be made from phenolic boards to serve overmounted basins. Benches in changing rooms could be

  The global  piroctone olamine market  is estimated to reach  US$ 73 Million  in 2022. With sales growing at a  6.5% CAGR  over the forecast period, the market size is projected to reach  US$ 137.1 Million  by 2032. According to a study, almost 50% of the adult population across the globe is suffering from dandruff problems. Despite the wide applications of piroctone olamine in hair care products, however, the ingredient is very expensive and there are many cheaper alternatives available in the market. High product cost hinders small and medium-sized cosmetic manufacturers to use piroctone olamine in their products and shift towards cheaper alternatives, which is expected to hinder sales in the market. “Rising demand for anti-dandruff solutions such as shampoos, oils, creams, along with increasing incorporation of piroctone olamine in anti-acne products will augment the growth in the market over the forecast period,”  says an Future Market Insights analyst. Get an Exclusive Samp