The automotive industry is a significant consumer of glycol ethers, using them in paints, coatings, and cleaning agents. As the automotive industry expands, especially in emerging economies, there is an increased demand for glycol ethers to support the production of automotive paints, coatings, and cleaning solutions. Future Market Insight predicts that the global glycol ethers industry is expected to grow significantly, reaching US$ 13.34 billion by 2033. This projection indicates a CAGR of 5.7%. Notably, this estimated value represents a substantial rise from the projected worth of US$ 7.66 billion in 2023. The electronics industry relies on glycol ethers for various applications, such as cleaning agents, soldering fluxes, and solvents for printed circuit boards. With the rapid expansion of the electronics industry, including the production of consumer electronics and telecommunication equipment, there is a higher demand for glycol ethers to meet the manufacturing needs of these electronic products. Glycol ethers find applications in personal care products like lotions, creams, and hair care products as solvents and fragrance stabilizers. As the focus on personal grooming and hygiene increases, the demand for personal care products rises. Consequently, the demand for glycol ethers, which are integral to the formulation of these products, also grows. Request Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-14867
7/3/2024The rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period. According to a recent study by Future Market Insights, the acrylic acid industry is expected to reach US$ 22.6 Billion by 2032, up from US$ 14.6 Billion in 2022, expanding at a CAGR of 4.5%. Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others. Request Report Sample! https://www.futuremarketinsights.com/reports/sample/rep-gb-14801 In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is an increasing demand for acrylic acid from the polymer industry during the forecast period. Additionally, the rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market. Key Takeaways from the Market Study
7/3/2024The global sodium iodide market will reach a valuation of US$ 173 million in 2024, attributed to factors such as shift towards renewable energy sources. The trend is set to create new opportunities for the market, leading to a projected CAGR of 5.8% between 2024 and 2034, and reaching a total valuation of approximately US$ 304 million by 2034. There is a growing demand for eco friendly alternatives in various industries, with increasing emphasis on sustainability and environmental responsibility. Manufacturers exploring sustainable production methods and eco friendly packaging for sodium iodide products may gain a competitive edge. Collaboration between industry players, research institutions, and academic organizations can accelerate innovation and drive product development in the sodium iodide market. Collaborative research and development initiatives can lead to the discovery of new applications, improved formulations, and enhanced product performance.
7/2/2024The increasing use of ethylbenzene in end-use industries such as packaging, electronics, construction, and agriculture is expected to boost the growth of the global ethylbenzene market during the forecast period. The global ethylbenzene industry is expected to secure US$ 32,508 million while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 23,053.6 million in 2024. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene. On the contrary, the increasing concerns related to ethylbenzene hazards are expected to hinder market expansion in the coming time. In addition to this, stringent rules and regulations of various governments regarding the usage of ethylbenzene are other factors projected to hamper the industry growth in the forecast period. Request Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-14709 Key Takeaways from the Market Study By application of ethylbenzene for gasoline is in line to take up 43.8% of the industry share in 2024 By end-user industry, the construction segment is to expand at a 3.0% growth rate during the forecast period.
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