The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. Ammonia is a compound of hydrogen and nitrogen. It is a colorless gas that has a distinct odor. Ammonia is considered as one of the key components used to manufacture several things. It has the capability of easily getting dissolved in water and forms an ammonium hydroxide solution. Ammonia can be easily compressed and can Read more...
The global grease market is projected to grow at a CAGR of 2.31% to reach a market size of US$5.429 billion in 2025 from US$4.732 billion in 2019. The importance of grease cannot be understated since it has the potential of extending the life of a product. The ability of grease to improve the overall efficiency has been instrumental in driving its demand over the years. Simultaneously, the rising investment in heavy machinery manufacturing is further projected to push the market gr Read more...
Butadieneis the primary raw material used in the production of many elastomers such as stryene butadiene rubber (SBR), polybutadiene, acrylonitrile butadiene styriene (ABS), stryene butadiene latex, and nitrile rubber among others. It is primarily produced through the steam cracking method but from butane or butene dehydrogenation as well. The demand for synthetic rubbers is heavily influenced by the automotive industry which in turn impacts the butadiene market while the supply is depe Read more...
The automotive lubricants market is projected to grow at a CAGR of 3.97% during the forecast period. Rising global middle-class population is boosting the demand for passenger cars which is one of the major drivers of automotive lubricants market. Growing transportation sector and increasing volume of global imports and exports is fuelling the dema Read more...
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