The Methanol Market size is expected to grow from USD 30.7 billion in 2021 to USD 36.3 billion by 2026, at a CAGR of 3.4% during the forecast period. Methanol is used across industries, such as Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Packaging (PET bottles), and Solvents. In the methanol market, automotive is the key end-use industry owing to the wide applications of this methanol.

Coal is estimated to account for the fastest growth in the methanol feedstock segment from 2021 to 2026. Coal is considered to be the sustainable alternative raw material for large-scale methanol production which is one of the important reasons for the increase in demand for coal as the feedstock of methanol.

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Methanol-to-olefins/methanol-to-propylene (MTO/MTP) is estimated to account for the fastest growth in the methanol derivatives segment from 2021 to 2026. The growth is due to the rise in MTO/CTO plants in China to produce olefins through methanol, as the demand for olefins is growing in the petrochemical industry. The growing demand for methanol is highly attributed to its increasing demand in the automotive and construction end-use industries.

Olefins are estimated to account for the fastest growth in the methanol sub-derivatives segment from 2021 to 2026. The growth is due to the high demand for olefins in end-use industries such as the building and construction industry. The increase in the production of methanol and high feedstock Availability will increase the demand for methanol-based sub-derivatives such as olefins.

The report "Lignosulfonates Market by Product (Sodium Lignosulfonate, Calcium Lignosulfonate, Magnesium Lignosulfonate), Application (Oil Well Additives, Concrete Additives, Animal Feed Binders, Dust Control), and Region - Global Forecast to 2027" global lignosulfonates market is expected to grow from USD 1.2 billion in 2022 to 1.4 billion by 2027, at a CAGR of 3.6%. The major factors driving the lignosulfonates market include the growth of major applications such as concrete binders, oil well additives animal feed binders, among others. Furthermore, rising infrastructural activities in different regions drive market growth.

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A good business environment and strict regulatory framework supporting sustainable operations is the major driving factor of the Lignosulfonates market in the region. The region is one of the major importers of lignosulfonate and its related products. It has various lignin manufacturers such as Borregard (Norway), Domsjo Fabriker (Sweden), and Burgo Group (Italy) which hold significant market share.

The Sodium lignosulfonate segment, by product, market accounted highest share. Sodium lignosulfonates is used for a wide range of applications. It has great demand in the construction industry and agriculture industry. It exhibits strong anti-calcium, high temperature, and resistance to salt properties. Furthermore, Sodium lignosulfonate may be utilized as a pellet binder or as an additive in animal feed.

The concrete additives segment, by application, market accounted highest share. Concrete water reducer is one of the application fields of sodium lignosulfonate. Sodium lignosulfonate in concrete can improve concrete workability and significantly reduce the initial heat of hydration for cement hydration. It acts as a retarder and water reducer for concrete. It can also be mixed with early solidifying agents, retarding agents, antifreeze agents, pumping agents, etc.

The report "White Inorganic Pigments Market by Product Type (Aluminum Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide), Application and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026", size is estimated at USD 22.7 billion in 2021 and is projected to reach USD 29.5 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026. Growth in the white inorganic pigments market can primarily be attributed to the growing involvement of white inorganic pigments in paints & coatings, adhesives & sealants, plastics, cosmetics, paper, and inks, among others.

There is a continual demand from the construction, automotive, and personal care industry as it helps in attaining high light scattering power, a high degree of hiding power, good tinting strength, a high degree of brightness, a negligible undertone (ideally none), and a high degree of whiteness are all required from white inorganic pigments. These are the key factors driving the demand for white inorganic pigments during the forecast period.

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On the basis of application, the market is segmented into paints & coatings, adhesives & sealants, plastics, cosmetics, paper, inks, and others. The paints & coatings application segment led the market in terms of both value and volume. Paints with white extender pigments are used to cut costs and improve the qualities of the paint. White inorganic pigments, often known as hidden pigments, are pigments that give light scattering qualities to coatings. Because of their relatively high refractive index, they scatter all wavelengths of light, making them seem white to the human eye.

The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the efficient demand and supply cycle of the paints & coatings, adhesives & sealants, plastics, cosmetics, paper, inks industry majorly in countries like China, India, and Japan among others. A significant bounce back is expected from the construction and automotive industry and this will drive the market in the area. APAC is also an industrial hub with significantly large market size. Other factors, such as the increasing consumer goods demand, innovation in electronics and other sectors, etc., are expected to support the growth of this regional market during the forecast period.

The report "Secondary Refrigerants Market by Type (Glycols, Salt Brines, Carbon Dioxide), Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning), and Region (North America, Europe, APAC, MEA) - Global Forecast to 2022", The secondary refrigerants market is projected to reach USD 710.7 Million by 2022, at a CAGR of 7.3% from USD 466.2 Million in 2017.

Emerging economies are expected to witness a rise in demand for secondary refrigerants in the near future as a result of strengthening cold chain infrastructure, government initiatives, and the demand for natural refrigerants. Factors such as the need for reducing leakage and refrigerant charge are expected to support the secondary refrigerant market. The industrial sector (mainly for large refrigeration systems) will be focusing on improved energy efficiency, long life, and integration of cooling systems with other heat-transferring processes. This will fuel the demand for secondary refrigerants, thereby driving the secondary refrigerants market.

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The glycols segment is estimated to account for the largest share of the secondary refrigerants market in 2017, in terms of value. Glycol fluids can provide freeze protection for closed loop refrigeration systems, water-based heating, ventilation, and air conditioning (HVAC), and cooling systems. They help in lowering the freezing point of water. Propylene glycol is the most preferred type of glycol fluid that is used in a wide range of operations due to its less toxicity and non-corrosive characteristics. Glycols reduce wear and maintenance costs and have to be replaced every 3–5 years, which increases their demand in the growing end-use industries, such as food & beverage. These factors play an important role in the growth of the glycol segment.

The Europe secondary refrigerants market is estimated to witness considerable growth on account of the recent F-gas regulations/HFC phase-out plan, which dictates the reduction of use of HFC refrigerants by almost half by 2025. The region also enjoys the highest number of end-user entities, which have already switched to refrigeration systems based on secondary refrigerants. The market for low-charge ammonia and NH3/CO2 cascade systems, supported by continuous technological advancements in R&D activities for low-GWP and ODP refrigerants, are expected to drive market growth in Europe. Moreover, strong legislation for switching to refrigerants from high-GWP HFCs have already been made. These factors are expected to drive the secondary refrigerants market in Europe.

The report "Resin Capsules Market by Catalyst Type (Organic Peroxides, Oil-based, and Water-based), Resin Type (Polyester, Epoxy, and Acrylic), End-Use Industry (Mining, Construction, and Manufacturing), and Region - Global Forecast to 2022", The market for resin capsules is projected to grow from USD 972.8 Million in 2016 to USD 1,256.2 Million by 2022, with a CAGR of 4.46%, from 2017 to 2022. The market is witnessing considerable growth due to the rise in industrialization and infrastructural development. The high demand for resin capsules is primarily attributed to the increase in mining and construction activities.

Polyester resins dominated the resin capsules market in 2016 and is projected to retain the leading position through 2022. This can be attributed to the high demand from mining and construction industries, owing to their overall robust performance, and in particular, their superior UV resistance feature, which provides longevity and durability to the anchor system.

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The resin capsules market is segmented into mining, construction, manufacturing, and others. The mining segment accounted for the largest share in 2016; however, construction is projected to grow at the highest CAGR over the next five years. The use of resins in explosives is one of the major reasons to fuel the growth of the mining segment in the resin capsules market, as resin bolts are needed to provide strength to anchor steel studs to mine walls or ceilings.

Countries such as China and Australia are expected to witness high growth in the resin capsules market, due to high foreign investments in the mining industry. The region has vast mineral resources of copper, zinc, aluminum, coal, limestone, and rare earth & precious metals. Rapid expansion of economies in the Asia-Pacific region is driving the mining and construction industry, leading to higher demand of resin capsules. The positive outlook of the economies is attracting huge investments from global mining companies.

The recycled carbon fiber market is projected to grow from USD 154 million in 2022 to USD 278 million by 2028, at a CAGR of 10.0% during the forecast period. Recycled carbon fiber is obtained from manufacturing waste and end-of-life composite components. It is also known as reclaimed carbon fiber, upcycled carbon fiber or recovered carbon fiber.

While recycled carbon fiber modulus is basically the same as virgin carbon fiber, it also offers 20 – 40% cost savings over virgin carbon fiber alternatives. Solvolysis and Pyrolysis manufacturing techniques are used to recover carbon fiber from scrap. Even with its 10-20% reduction in tensile strength, recycled carbon fiber remains one of the strongest of all commercial reinforcing fibers available in the market. This fiber is compatible with thermoplastic and thermoset resins. It can be mixed with virgin fiber to form composite structures. Automotive & transportation is one of the most prominent end-use industries that use recycled carbon fiber. And initiatives taken by automotive manufacturers to recycle high-grade carbon fiber-based components further drive the market.

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Major manufacturers in this market are based in Asia Pacific and Europe. Carbon Conversions (US), Procotex (Belgium), Gen 2 Carbon (UK), CFK Valley Stade Recycling GmbH & Co KG (Germany), Carbon Fiber Recycling (US), Carbon Fiber Remanufacturing (US), Alpha Recyclage Composites (France), and Carbon Fiber Recycle Industry Co., Ltd. (Japan), are among a few leading players operating in the recycled carbon fiber market. Major focus was given to the development of new manufacturing processes for recycled carbon fiber and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the recycled fcarbon fiber market further.

The report "Waterborne Epoxy Resin Market by Type (High Molecular Weight, Low Molecular Weight), Application (Coatings, Adhesives, and Composites), End-use Industry (Construction, Automotive, Textile, Packaging, and Furniture), and Region - Global Forecasts to 2022", The market size of waterborne epoxy resin is estimated to grow from USD 2.79 Billion in 2017 to 4.31 Billion by 2022, at a CAGR of 9.1% from 2017 to 2022. The market is driven by the rising demand for waterborne epoxy resins and composites from the construction and automotive industries.

The coating segment led the waterborne epoxy resin market in 2016. Waterborne epoxy resins are used in coatings, adhesives & composites applications. The market for waterborne epoxy resin is expected to grow during the forecast period due to the increasing infrastructural developments in the emerging economies in Asia Pacific and the Middle East.

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Low molecular weight waterborne epoxy resin is the fastest-growing segment of the waterborne epoxy resin market. Low molecular weight waterborne epoxy resins are extensively used in coatings, adhesives & composites. They offer good abrasion resistance, improved dry performance, easy mixing, and low odor. Increased government investments on commercial building & construction projects is driving the demand for low molecular weight waterborne epoxy resins, globally.

Asia Pacific is the largest market for waterborne epoxy resins. The economic growth in the region (particularly in China and India) and growing end-use industries such as construction, automotive, textile, packaging, and furniture are driving the waterborne epoxy resin market.

The liquid ring vacuum pumps market size is projected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry is expected to drive the use of liquid ring vacuum pumps.

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The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

Ingersoll Rand is among the leading manufacturers in the liquid ring vacuum pumps market. The company designs and produces a broad range of vacuum products under industrial technologies & services segment. In February 2020, the company acquired and merged with the industrial business of Ingersoll-Rand plc while converting its name to Ingersoll Rand Inc. from Gardner Denver Holdings, Inc. This development strengthened the position of Ingersoll Rand as a global leader in the liquid ring vacuum pumps market.

Another important player in the liquid ring vacuum pumps market is Atlas Copco. In February 2019, Atlas Copco launched LRP 700-1000 VSD+, a new range of liquid ring vacuum pumps. The pumps come with cutting-edge vacuum solutions with a wide range of features for wet and humid applications. This launch strengthens the position of Atlas in the liquid ring vacuum pumps market with new product development.

Cosmetic pigments are a type of colorant used in the cosmetics and personal care industry. These pigments are used to color a variety of products, including makeup, nail polish, lipsticks, and more. Depending on the product and the desired color, cosmetic pigments can be derived from natural sources such as minerals, plants, or animals, or from synthetic sources such as dyes and pigments. The demand for cosmetic pigments is driven by the use of cosmetics and personal care products. As the beauty industry continues to grow, the need for more innovative and creative color solutions increases. This demand is further fueled by the desire to create unique and customizable color combinations, as well as the need to create products that are free from harmful ingredients.

The market size of cosmetic pigments is estimated at USD 645 million in 2021 and is projected to reach USD 960 million by 2026, growing at a CAGR of 8.3%. The global cosmetic pigments market is driven by the growing demand for color cosmetics and personal care applications. Increased need for product differentiation and growing awareness about the improved appearance of products are boosting the market.

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Cosmetic pigments are used in the production of cosmetic colors, along with various other ingredients. A pigment is a colored or colorless insoluble chemical compound, that gives an added richness of color to the product. Most cosmetic and personal care products use fine dry powdered cosmetic pigments. Pigments used for manufacturing color cosmetic products are termed as cosmetic pigments. Pigments are classified into organic and inorganic based on their chemical composition.

The key players in the cosmetic pigments market include Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands). The cosmetic pigments market report analyzes the key growth strategies adopted by the leading market players between 2014 and 2021, which include expansion, new product launch, and merger & acquisition.

The Brazed Plate Heat Exchangers Market is expected to grow USD 1,120 million by 2024, at a CAGR of 7.0%. The major factors driving the BPHEs market include the growth of the global construction sector and the increasing use of HVACR systems in the sector along with technological developments in BPHEs.

The global construction sector is growing rapidly, owing to the increasing focus and investments in the sector. This growth of the sector is expected to increase the demand of HVACR systems. BPHEs are used in HVACR systems, and hence, the BPHEs market in HVACR industry is expected to witness the highest growth rate.

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Europe is the largest market of BPHEs. This region has the presence of most global leaders operating in the BPHEs market. The European region has a big HVACR industry along with stringent energy efficiency regulations, which boosts the demand for BPHEs in region. In addition, the region has one of the largest chemical production sectors in the world, which helps the growth of BPHEs market in Europe.

The major vendors in the BPHEs market include Alfa Laval (Sweden), Kelvion (Germany), SWEP (Sweden), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Chart Industries (US), Hisaka Works (Japan), Kaori (Taiwan), Paul Mueller Company (US), Baode Heat Exchanger (China), Barriquand Group (France), Boyd Corporation (US), Diversified Heat Transfer (US), Funke (Germany), HRS Heat Exchangers (UK), HYDAC (Germany), Onda (Italy), Secespol (Poland), and Weil-McLain (US).

The transcritical CO2 systems market is expected to grow from USD 27.2 billion in 2018 to USD 61.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period. The major driving factors for the transcritical CO2 systems market are low environmental impact of transcritical CO2 systems, phasing out CFC, HCFC, and HFC refrigerants, increasing demand for refrigeration and air-conditioning applications, and lower operating cost of transcritical CO2 refrigeration systems.

Refrigeration is mostly used in supermarkets and convenience stores. Transcritical CO2 refrigeration has a high safety rating and is non-toxic and non-flammable. Additionally, these systems are used in refrigeration processes due to their high volumetric cooling capacity.

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CO₂ is increasingly being used as a refrigerant in ice skating rinks, as it saves nearly 80-90% of the energy usage. The cost of CO2 systems used in ice skating rinks declined in the past few years, making transcritical CO2 an excellent substitute for ammonia. The majority of ice skating rinks employing transcritical CO2 systems are located in Canada. Carnot Refrigeration and SCM Frigo are the major players producing transcritical CO2 systems for ice skating rinks. Europe is expected to be the largest transcritical CO2 systems market during the forecast period

The Europe market includes Germany, Norway, Denmark, UK, Switzerland, and Sweden. The transcritical CO2 systems market in Europe is expected to witness significant growth on account of the recent F-Gas regulations/HFC phase-out plan which dictates the reduction of the use of HFC refrigerants by almost half by 2025. The region also houses the highest number of end-user entities, such as Tesco (UK) and Metro AG (Germany) that have already switched to refrigeration systems based on transcritical CO2 systems.

The Electric Vehicle Adhesives Market size is estimated to be USD 1.4 billion in 2022 and is projected to reach USD 7.6 billion by 2027, at a CAGR of 39.4% between 2022 and 2027. Rising trade tensions between the US and China, as well as low labor costs in China, have convinced many adhesive end-users to relocate and establish production plants in Asian countries. This relocation is predicted to drive adhesive demand in Asian countries. India offers low-cost labor, which can lead to significant investment opportunities for businesses. Government initiatives like "Make in India" and the proposed entrepreneurship development scheme by the government may create extra opportunities in the industrial and infrastructure construction sectors. The market in Asia Pacific is expected to be propelled by all these factors. The increasing demand for EVs in China and other countries is expected to drive growth in the region, which is expected to ensure the development of the Electric Vehicle Adhesives Market in Asia Pacific. In terms of volume, the market in the region is expected to grow at a CAGR of 40.0% during the forecast period.

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The polyurethane-based EV adhesive segment accounted for the largest share of 35.8% of the overall EV adhesives market, in terms of value, and it is projected to register a CAGR of 38.9% between 2022 and 2027. Asia Pacific is expected to lead the polyurethane-based adhesives market during the forecast period. During the forecast period, the use of adhesives in EVs is predicted to increase. Various types of adhesives derived from resins, such as epoxy, polyurethane, silicone, and acrylic, are necessary for various applications of EV adhesives. Adhesives derived from various resins have different properties and are chosen based on the application.

Asia Pacific accounted for the largest share of the Electric Vehicle Adhesives Market in 2021, followed by North America and Europe. The rising trade war tensions between the US and China and low labor costs in China have forced many end-users of adhesives to shift and establish their production facilities in the Asian countries. This relocation is expected to increase the demand for adhesives in the Asian countries. Low-cost labor are offered by India, which can provide significant investment opportunities for manufacturers. Government initiatives such as “Make in India” and the proposed scheme on entrepreneurship development by the government may offer further opportunities in the industrial and infrastructure construction segments. All these factors are expected to drive the market in APAC.

The report "UV Curable Coatings Market By Composition (Monomers, Oligomers), Type (Wood Coatings, Plastic Coatings, Overprint Varnish, Display Coatings), End-Use Industry (Industrial Coatings, Electronics, Graphic Arts), Region - Global Forecast To 2025", The global UV curable coatings market is expected to grow from USD 6.5 billion in 2020 to USD 11.4 billion by 2025, at a CAGR of 12.0% during the forecast period. Government initiatives emphasizing on adoption of clean fuel and growth in the number natural and fuel cell electric vehicles are expected to drive the market.

Monomers accounts for the largest share of the overall market, in terms of volume. The monomers are non-flammable materials with low volatility and also have low odor. Monomers generally can have one to as many as six UV curable groups, and the number of functional groups will determine the properties the monomer will bring to the UV formulation. These monomers are low viscous materials, most commonly esters of acrylic acid, and simple multifunctional or monofunctional polyols. Monomers are usually selected based on acrylic functional groups attached to it. However, due to the pandemic COVID-19, the sales of UV curable coatings decreased due to disturbance in the supply chain. This demand would surge with recovery in the electronics, industrial coatings, and graphic arts industries.

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Wood coatings type is the largest segment in the UV curable coatings market since coated wood enhances the aesthetic appeal and also provides surface protection. Wood coatings find extensive use in residential and non-residential applications. However, because of COVID-19, the demand for UV-curable coatings is reduced from wood coatings. The wood coatings segment is at the forefront with the highest consumption of UV-curable coatings globally owing to the rapidly increasing applications of these coatings in the wood & furniture industry. China is the largest consumer of wood coatings. Subsequently, certain European countries such as Germany and Sweden consumed a considerable share of UV wood coatings in 2019. There is a huge decline in demand in the APAC region due to a complete and partial lockdown in the region.

The APAC is the biggest and fastest-growing market for UV curable coatings, consuming almost half of the total global volume in 2019. Electronics and industrial coatings end-use segments drive the demand for high-performance coatings, which in turn is pushing the demand for UV curable coatings within the region. APAC is the most promising market for coatings and is anticipated to be the same in the near future. The significance of APAC in the chemical industry cannot be undervalued. Its large developing middle-class population derives the demand for the industry and has led to continued industrialization and a rise in the manufacturing sector of the region.

The report "Epoxy Resin Market by Physical Form (Liquid, Solid, and Solution), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) - Global Forecast to 2021", The global epoxy resin market size is projected to reach USD 8.77 Billion by 2021 from the estimated USD 6.31 Billion in 2015, registering a CAGR of 5.77% between 2016 and 2021.

The paints & coatings segment is the largest application and is projected to remain the same in the overall epoxy resin market, in terms of volume, during the forecast period. Economic expansion in the developing countries of Asia-Pacific will increase the demand of epoxy resin for paints & coatings applications in building & construction and automotive end-use industries.

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An increase in employment, an increase in public & private non-residential spending, and rise in green building construction are driving the epoxy resin market in the building & construction end-use industry. Though the growth of this sector has slowed down, it would still provide opportunities for the growth of the epoxy resin market.

Asia-Pacific is the largest market for epoxy resin, both in terms of volume and value, followed by North America and Western Europe. China, the U.S., and Germany are the largest producers of epoxy resins the respective regions. Building & Construction is the largest consumer of epoxy resin materials in Asia-Pacific. China and Japan have the largest shares of the Asia-Pacific epoxy resin market. The market in India is witnessing the highest growth rate.

The acrylic adhesives market is projected to grow from USD 8.84 billion in 2017 to USD 11.72 billion by 2022, at a CAGR of 5.81% between 2017 and 2022. The acrylic adhesives market is shifting from traditional solvent-based acrylic adhesives to high-performance products such as cyanoacrylate and pressure-sensitive acrylic adhesives, driven by the requirement of superior performance. This shift is expected to fuel the growth of the acrylic adhesives market in the near future.

There is a rising demand for acrylic adhesives in applications, including paper & packaging, building & construction, medical, consumer, transportation, and woodworking, among others. Medical is projected to be the fastest-growing application segment of the market, owing to the technological advancements in acrylic adhesives and rising demand for specialty acrylic adhesives in the segment. Recent advancements in medical technology such as lightweight and micro machineries are propelling the demand for UV curable and cyanoacrylic adhesives. This creates opportunities for manufacturers to develop new products for applications where these adhesives can be used to bond medical devices. UV curable and modified acrylics are expected to be rapidly adopted across applications due to good adhesion to plastics, rapid rate of strength build-up, and excellent impact resistance.

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Based on formulating technology, the reactive segment is expected to witness the highest growth during the forecast period. This category generally includes any acrylic adhesive that undergoes a reaction to cure and form a bond. In some cases, adhesives form a bond after they are exposed to air, water, or light. In other cases, two components kept separate until the moment of application react when combined to form a bond. Standard reactive acrylic adhesives can be modified to possess various unique properties, including multiple degrees of conductivity, differing cure profiles, and unique optical properties.

Asia-Pacific is the largest consumer of acrylic adhesives. Increasing population and technological advancements in building & construction and transportation industries are expected to fuel the growth of the acrylic adhesives market in Asia-Pacific. China, Japan, and India are the major acrylic adhesives markets in Asia-Pacific. China is estimated to be the largest market in terms of consumption of acrylic adhesives.

Hydrochloric acid, also known as muriatic acid, is a colorless, highly corrosive, and strong mineral acid with the chemical formula HCl. It is a key component of gastric acid and is widely used in industry for a variety of purposes such as metal cleaning and pickling, oil well acidizing, food processing, and production of inorganic chlorides. Hydrochloric acid is also used in the manufacture of fertilizers, dyes, and paints, leather processing, and the production of rubber and plastics. It is in high demand in the chemical and pharmaceutical industries, and is also used in wastewater treatment.

The global hydrochloric acid market is projected to grow from USD 2.5 Billion in 2022 to USD 3.4 Billion by 2027, at a CAGR of 6.6% during the forecast period. The increasing demand for hydrochloric acid in food and beverage, steel, chemical, and oil & gas provides momentum for the growth of the hydrochloric acid market.

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Hydrochloric acid is a highly versatile chemical used in a wide range of industries, from food and beverage to pharmaceuticals and industrial manufacturing. The food and beverage industry is expected to be the largest market for hydrochloric acid, due to its use as a preservative and flavoring agent. Other common applications of hydrochloric acid in the food and beverage industry include cleaning, sanitizing, and pH adjustment. In addition, hydrochloric acid is used in the production of various food and beverage products, such as soft drinks, beer, and frozen desserts. Increasing demand for processed and packaged food and beverage products is expected to drive the demand for hydrochloric acid in the coming years.

The Asia Pacific is projected to be the largest and fastest-growing hydrochloric acid market followed by North America and Europe. Increase in demand from China and India expects to drive the demand for Hydrochloric acid in the region. China is second largest importer of hydrochloric acid after the U.S. The increasing population has led to the food & beverage, chemicals, and steel, and oil & gas industry growth, which will drive the hydrochloric acid market. China emerged as one of the world’s manufacturing hubs, with relatively low raw materials and labor prices. This has led to considerable investments in the manufacturing sector. Additionally, the remarkable growth of the manufacturing sector in the Asia Pacific provides momentum for the development of the hydrochloric acid market. The abundance of raw materials, low utility cost, lenient regulation, and low cost of production, among others, are some of the factors that support the growth of the manufacturing industry in the Asia Pacific.

Glass fiber yarn is a type of yarn made from strands of glass fibers. It is used in a variety of industrial and commercial applications, such as insulation, fireproofing, filtration and reinforcement. Glass fiber yarn is extremely strong and durable, and is typically used in composite materials, insulation, automotive parts and other industrial products. The demand for glass fiber yarn is increasing due to the increasing demand for lightweight and strong materials. Other applications of glass fiber yarn include rope and twine, textiles, and soundproofing.

The glass fiber yarn market is estimated to be USD 2.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2027, at a CAGR of 6.5% between 2022 and 2027. There is a growing demand for glass fiber yarn in applications such as PCB and structural parts. Trends such as miniaturization and increased use of electronics in commercial and consumer products will fuel the growth of the market. Moreover, an increase in the number of wind turbine installations across the world is increasing the demand for glass fiber yarn in turbine blades.

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The construction industry had started to grow since the pandemic as governments across the globe started focusing on infrastructure development. The need to improve the integrity of structural parts and increase the life span have led to the increased demand for glass fiber yarn products. These glass fiber yarn products provide great dimensional stability, heat and water resistance, and thermal and electrical insulation. Glass fiber yarn products offer lower maintenance cost than conventional timber decking and railing products. They are also used in producing architectural facades, insulated wall panels, bridge decks, bridge railings, sanitary fixtures, doors, and windows.

Asia Pacific is witnessing significant infrastructural developments. Hence, the demand for glass fiber yarn in structural applications in the building & construction industry is high. India offers significant opportunities for the growth of the glass fiber yarn market, which can be attributed to the rising construction activities fuelled by government policies. Smart city programs and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) have also influenced construction spending in India.