The global recycled copper market is evaluated at US$23.349 billion for the year 2019 growing at a CAGR of 4.84% reaching the market size of US$32.506 billion by the year 2026. The global market for recycled copper gained traction with the increasing awareness and benefits it provides as compared to the new copper that is mined annually. Moreover, the rapid pace of developments across various industries at a global level has increased the demand for recycled copper. The key factors expected to b Read more...
The global graphene composites market is expected to grow at a compound annual growth rate of 26.08% over the forecast period. The major advantage of graphene composites is that they are highly chemical resistive, lightweight, have high mechanical stability and thermal conductivity. Manufacturers and producers find it easier to fabricate graphene composites materials, which makes the material highly attractive for industries like building and construction industries, wind turbine and aut Read more...
The global polymer composites market is expected to grow at a compound annual growth rate of 5.13% over the forecast period to reach a market size of US$52.997 billion in 2026 from US$39.261 billion in 2020. The market is expected to be driven by the growth of the automotive sector, aerospace sector, energy and defense sector, and others. With the rise in population and urbanization, the demand for vehicles, passenger traffic has surged, since the last decades. The United Nations recent Read more...
The phenolic resins market is projected to grow at a CAGR of 3.85% during the forecast period, reaching a total market size of US$14.237 billion in 2024. Phenolic resins are synthetic polymers which are widely used in molding compounds, wood adhesives, and laminates. Growing construction industry is one of the major drivers of the phenolic resins market. Strict emission regulations promoting the use of lightweight composites in the automotive sector is further fueling the growth of the phenol Read more...
The global polypropylene resin market is projected to grow at a CAGR of 6.04% to reach US$109.055 billion in 2024 from US$76.694 billion in 2018. Polypropylene is a hugely versatile plastic due to its low cost, durability and excellent tolerance of both chemical substances and high temperature. The growth in polypropylene consumption is mainly driv Read more...
The global PET resin market was valued at US$30.295 billion in 2018 and 22.521 million tonnes by volume. PET (Polyethylene Terephthalate) is a clear, strong, lightweight plastic that is widely used for packaging food and beverages. It is most commonly used to package bottled water and carbonated drinks. The demand for PET resin is majorly driven by Read more...
The global thermoplastic resin market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2024, from US$XX.XXX billion in 2018.Thermoplastics are plastic polymers that soften when they are heated, allowing for molding, and solidify again as they are cooled. These are used for wide range of applications from consumer goods to medical equipment, depending upon the type of material. Rapid urbanization across the globe is bolstering the thermoplastics market growth. Geographica Read more...
The global UV curable resins market is expected to witness a CAGR of 7.03% to reach US$6,156.196 million in 2024 from US$4,095.699 million in 2018. UV-curing resins are material that is polymerized and cured in a short time by the energy radiated from Ultraviolet irradiation devices. They are widely used as industrial materials for sealing, bonding Read more...
The ion exchange resins market is projected to grow at a CAGR of 3.22% to reach US$1,194.031 million by 2024, from US$987.212 million in 2018. Ion exchange resins are widely used in the water treatment process that includes water softening or dimeralization. They are also used to remove other substances from the water during processes such as dealkalization, deionization, and disinfection. The burgeoning population across the globe is leading to an increased demand for water among the populat Read more...
The polyamide resins market is expected to grow at a CAGR of 5.24% over the forecast period to reach a total market size of US$38.711 billion by 2025, increasing from US$28.494 billion in 2019. Polyamide resins are high molecular weight polymers with excellent strength and heat tolerance and are widely used in various end-user industries ranging from oil and gas to automotive. Due to superior properties and its wider adoption in the end-user industry the market is expected to witness sig Read more...
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