Globally, the thyristor market is expected to grow with a CAGR of 7.3% during the forecast period from 2019 to 2027. The market is driven by the increasing demand among the developed countries to replace the aging infrastructure and wide scale deployment of smart grids. The thyristor are widely used across the power electronics applications ranging from power supplies to inverters to controller due to its low switching losses and high energy efficiency. Thyristor works on the short switching times and low switching losses to carter the growing electricity demand. Furthermore, the thyristor are more reliable and longer durability, which makes it an ideal option for the smart grids.
The global specialty synthetic & glass fiber market accounted for US$ 64.3 Bn in 2018 and is growing at a CAGR of 6.5% throughout the forecast period from 2019 to 2027. Cutting-edge research and development has resulted in creating new fibers which expand beyond conventional, natural and organic ones. This in turn has resulted into development of innovative products for various end-use industries including, healthcare, and automotive among others.
The global specialty fuel additives market accounted for US$ 7.13 Bn in 2018 and is anticipated to grow to US$ 11.20 Bn growing at a CAGR of 5.8% throughout the forecast period from 2019 to 2027. The rising emphasis to produce clean energy and fuels without compromising the efficiency coupled with rising awareness about conservation of resources and sustainable development are some of the major factors driving the specialty fuel additives market growth.
Smart materials are new generation materials that possess smarter conventional and structural properties than conventional materials. Smart materials has the ability to change their physical properties in response to specific stimulus input. The adaptive capabilities to external stimuli, like loads or environment, with inherent intelligence.
The global sludge treatment chemicals market is growing proficiently, projected to grow at a CAGR of 5.1% during the expected period from 2019 to 2027, starting from US$ 6.21 Bn in 2018.
The rapid development in the integration of the semiconductor industry has a high demand for silicon wafer, as a basic material for producing ICs. The exponential growth of consumer electronics products such as smartphones, tablets, and smart wearable are the end products where ICs are assembled. This industry has kept the demand high for silicon wafers. A silicon wafer is a thin slice of crystalline silicon that is majorly used in our electronics products. Its natural abundance and semiconductor properties like neither too strong conductor and nor strong insulator of electricity made it the preferred choice of the semiconductor industry; compare to its competitor semiconductors like germanium for making wafers.
Calcium carbide, CaC2 when pure, is transparent and colorless, with a specific gravity of 2.22 at 180oC. Commercial calcium carbide is the main source of acetylene, and acetylene is used principally in the synthesis of a series of organic chemicals, resins, and plastics and in oxyacetylene welding and cutting of metals.
The seed coating market is expected to grow at a CAGR of 8.3% during the forecast period from 2019 to 2027, starting from US$ 1.6 Bn in 2018. Increasing crop spoliation and declining seed germination rates owing to the robust change in climatic condition has triggered the seed coatings acceptance around the globe. The increasing research and development activities by the various government in the field of agriculture is further expected to support the demand for seed coating market.
The global reusable water bottles market is growing proficiently, projected to grow at a CAGR of 4.3% during the expected period from 2019 to 2027, starting from US$ 8.64 Bn in 2018. Intensifing demand for reusable water bottles over past few years has increased the growth of reusable water bottles market globally. Additionally, convenience, cost effective nature, growing concern over hygiene, convenience needs and product availability have fuel the market for reusable water bottles.
The global polypropylene packaging films market accounted for US$ 21.6 Bn in 2018 and is anticipated to grow to US$ 34.7 Bn growing at a CAGR of 6.1% during the forecast period from 2019 to 2027. Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector especially in developing regions are having a positive influence on the demand for polypropylene packaging films market.
The global plastic recycling market is growing substantially, projected to grow at a CAGR of 6.6% during the projected period from 2019 to 2027, starting from US$ 41.73 Bn in 2018. The global plastic recycling market volume is rising significantly, anticipated to expand with a CAGR of 8.9% during the estimated period from 2019 to 2027, starting from 29,438 kilotons in 2018.
Flame retardants are widely utilized in several applications to avoid fire and are widely used across automotive, construction and electronics industry among others. Flame retardants chemicals are added to polypropylene fabrics, nylon fabrics and polyester fabrics to make them fire resistant. Polypropylene is used in cable and wire jacketing, garden tools, electronic appliances, toys, furniture and kitchen tools among others. Flame retardants are mixed with thermoplastic elastomers in low concentrations to fuel the resistance of a material to its ignition and diminish the degree of flame spread. The utilization of flame retardants in the form of additives avoids a minor fire from turning into a disaster.
The global paints & coating additives market is growing proficiently, projected to grow at a CAGR of 6.1% during the expected period from 2019 to 2027, starting from US$ 7.43 Bn in 2018. The paint & coating additives are used as raw materials that improve both features and application of paints & coatings in numerous industries. Additionally, a slight addition of additives to paints and coatings will significantly expand their performance efficiency.
Shrink films are made from polymer plastic film; plastic films are shrinked over the product to be packed with the application of heat through handheld heat gun. Common plastic materials used in shrink films are polyolefin, polyvinyl chloride (PVC), PETG (PET), oriented polystyrene (OPS) and polylactic acid (PLA). It is used in packaging of various beverages, electronic products, automotive, medicines, paper, textiles, etc. increasing demand from end use industries is projected to propel the demand for shrink film during the forecast period.
The global nanomaterials market accounted for US$ 7.63 Bn in 2018 and is anticipated to grow to US$ 28.15 Bn growing at a CAGR of 17.8% throughout the forecast period from 2019 to 2027. Increasing applications of nanomaterials and on-going research and development for developing new and advanced materials are factors bolstering the growth of nanomaterials market.
A hand sanitizer gel is a disinfectant solution used as a substitute for soap and water hand wash. Healthcare and personal hygiene is one of the most promising growth areas in the MENA (Middle-East and North Africa) region. The field has witnessed growing investment to meet the demand elevated by high population growth rate and fear of periodic outbreak of threatening diseases like COVID-19, Ebola, H1N1, SARS, Influenza, and Avian flu among others.
Globally, the kegs market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2027, starting from US$ 780.0 Mn in 2018. The growth of the market is driven by the increasing demand for beer across the globe. Beer is estimated to be one of the most widely used beverages across the globe. As per the American Institute of Public Opinion (commonly referred to as Gallup Inc.), more than 70% of the population in the age group 18-30 consume beers and preferred beer over other alcoholic beverages.
The industrial filters market is expected to reach US$ 5.03 Bn in 2027, growing at a CAGR of 6.09% during the forecast period from 2019 to 2027. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery.
The popularity and implementation of the green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect.
The food emulsifiers market is expected to grow at a CAGR of 5.1% during the forecast period from 2019 to 2027, starting from US$ 2.3 Bn in 2018. The rising demand for food additives and processed food drives the food emulsifiers market as emulsifiers are the most common content of processed food. Emulsifiers are products that are used for altering the flavor and to improve the texture of food products. As per the report, it is estimated that about 74% of the approved food products globally contains emulsifiers, one of the key factor propelling the growth of the market.
The Chemicals and Materials industry is one of the oldest industries globally and very economically significant one. This diverse industry has been growing through innovations and new product end users. Metals and minerals, food ingredients, fibres, green chemicals, nano-materials, fabrics, composites etc are sub components of the chemical and material industry.
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