Chemical Industry

  The stainless steel 400 series, also known as ferritic and martensitic stainless steels, is a family of alloys that are widely utilized in various industries due to their superior resistance to oxidation, corrosion, and high temperatures. These materials, primarily composed of iron, chromium, and varying amounts of carbon, have applications ranging from automotive manufacturing to construction, consumer goods, and food processing. The market for stainless steel 400 series is experiencing steady growth, driven by technological advancements, increased industrialization, and diverse applications. The  Stainless Steel 400 Series Market  was valued at USD 26.78 billion in 2022. It is projected to grow from USD 28.21 billion in 2023 to USD 45.1 billion by 2032, with a compound annual growth rate (CAGR) of approximately 5.35% during the forecast period from 2024 to 2032. Overview of the Stainless Steel 400 Series The stainless steel 400 series is primarily divided into two mai...

  Sodium hexametaphosphate (SHMP) is a versatile and widely used chemical compound with a variety of applications in different industries. This inorganic polymer, composed of sodium and phosphate groups, is often used as a dispersing agent, a water treatment agent, and a detergent in various industrial processes. The sodium hexametaphosphate market has experienced significant growth in recent years, driven by its diverse applications across industries such as water treatment, food and beverage, detergent manufacturing, agriculture, and ceramics. According to MRFR analysis, the  Sodium Hexametaphosphate Market  was valued at USD 1.44 billion in 2022. It is projected to grow from USD 1.48 billion in 2023 to USD 2.0 billion by 2032. The market is expected to register a compound annual growth rate (CAGR) of approximately 3.37% from 2024 to 2032. Market Overview The global sodium hexametaphosphate market is expected to expand steadily over the next few years due to increasing ...

  The recycled copper market has been gaining momentum over the past few years due to its environmental benefits and the growing demand for copper in various industries. Copper, a highly valuable and widely used metal, is essential in electronics, construction, transportation, and manufacturing industries. As the world moves toward more sustainable practices, the recycling of copper has become an integral part of the global supply chain, helping to address concerns about the depletion of natural resources and environmental degradation. Overview of the Recycled Copper Market Recycled copper, also known as secondary copper, is obtained from scrap copper materials, such as old electrical wires, plumbing pipes, and industrial machinery, which are processed and refined to remove impurities. The recycling process involves melting down these materials and converting them into new copper products, reducing the need for mining, which is an energy-intensive and environmentally harmful proces...

  The Powder Coatings Equipment Market has witnessed significant growth in recent years, driven by the increasing demand for environmentally friendly and durable coating solutions. This market includes various equipment and machinery used in the application of powder coatings, a dry finishing process that involves applying a dry powder to metal, plastic, or other materials. Powder coatings are widely used across industries such as automotive, construction, appliances, and consumer electronics due to their numerous advantages over traditional liquid coatings. The global powder coatings equipment market is expected to continue expanding, owing to growing industrialization, advancements in technology, and rising awareness of environmental concerns. The  Powder Coatings Equipment Market  was valued at $29.01 billion in 2022. It is projected to grow from $32.05 billion in 2023 to $78.53 billion by 2032. The market is expected to experience a compound annual growth rate (CAGR) ...

  Monopropylene glycol (MPG), a versatile organic compound, has witnessed significant growth in its global market due to its wide-ranging applications across various industries. MPG, a clear, colorless, and odorless liquid, is known for its hygroscopic and solvent properties. These characteristics make it a key ingredient in sectors such as automotive, cosmetics, food and beverages, pharmaceuticals, and more. This article delves into the key drivers, trends, and future prospects of the monopropylene glycol market. Market Overview The global monopropylene glycol market has been expanding steadily, driven by increasing demand from end-use industries. MPG is categorized into two primary grades: industrial-grade and USP/food-grade. Industrial-grade MPG finds applications in manufacturing antifreeze and coolants, resins, and paints, while USP/food-grade MPG is used in pharmaceuticals, food additives, and personal care products. The dual applicability of MPG ensures a broad consumer base...

  Microalgae, microscopic algae found in freshwater and marine systems, have emerged as a pivotal component in various industries due to their versatile applications and rich nutrient profile. The microalgae-based products market has been witnessing robust growth, driven by increasing awareness about sustainable practices, the rising demand for natural and organic ingredients, and the growing need for alternative sources of energy and nutrition. According to MRFR analysis, the global  Microbiological Testing of Water Market  was valued at USD 7.86 billion in 2022. The market is projected to grow from USD 8.2 billion in 2023 to USD 12.1 billion by 2032, registering a compound annual growth rate (CAGR) of approximately 4.42% during the forecast period of 2024–2032. Market Overview Microalgae are an abundant source of bioactive compounds, including proteins, lipids, carbohydrates, vitamins, and minerals. These properties have positioned microalgae as an essential ingredient ...

  Microalgae, microscopic algae found in freshwater and marine systems, have emerged as a pivotal component in various industries due to their versatile applications and rich nutrient profile. The microalgae-based products market has been witnessing robust growth, driven by increasing awareness about sustainable practices, the rising demand for natural and organic ingredients, and the growing need for alternative sources of energy and nutrition. Market Overview Microalgae are an abundant source of bioactive compounds, including proteins, lipids, carbohydrates, vitamins, and minerals. These properties have positioned microalgae as an essential ingredient in food and beverages, nutraceuticals, pharmaceuticals, cosmetics, animal feed, and biofuel production. According to MRFR analysis, the  Microalgae-Based Products Market  was valued at USD 3.61 billion in 2022. It is projected to grow from USD 4.08 billion in 2023 to USD 12.3 billion by 2032, registering a compound annual ...

  The membrane bioreactor (MBR) market has witnessed substantial growth in recent years, driven by increasing demand for advanced wastewater treatment technologies, stricter regulatory frameworks, and the growing global emphasis on environmental sustainability. MBR technology, which integrates membrane filtration with biological treatment, offers superior performance compared to conventional wastewater treatment methods, making it a preferred choice for municipal and industrial applications. According to MRFR analysis, the  Membrane Bioreactor Market  was valued at USD 5.09 billion in 2022. The market is projected to grow from USD 5.52 billion in 2023 to USD 11.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of approximately 8.39% during the forecast period of 2024 to 2032. Market Overview The global membrane bioreactor market is projected to grow at a significant compound annual growth rate (CAGR) over the forecast period. The rising need for water reu...