The Chem Chronicle

  White Oil Market to Surpass USD 3.01 Billion by 2032, Driven by Expanding Personal Care and Pharmaceutical Applications. The  White Oil Market  size was USD 2.07 billion in 2023 and is expected to reach USD 3.01 billion by 2032 and grow at a CAGR of 4.20% over the forecast period of 2024-2032. The white oil market is experiencing steady growth due to its wide-ranging applications and exceptional purity standards. White oil, also known as mineral oil or liquid paraffin, is a highly refined, colorless, odorless, and tasteless petroleum-based product used extensively in industries such as pharmaceuticals, personal care, food processing, plastics, textiles, and adhesives. Its non-toxic and stable nature makes it ideal for sensitive applications where safety and compliance with health regulations are critical. Key Players Sinopec Corp.   ExxonMobil Corp.   Shell plc   British Petroleum (BP)   Petro-Canada Lubricants Inc.   Indian ...

  Personal Care Ingredients Market to Reach USD 20.96 Billion by 2032, Driven by Demand for Natural and Multifunctional Products. The  Personal Care Ingredients Market  size was USD 12.88 billion in 2023 and is expected to reach USD 20.96 billion by 2032 and grow at a CAGR of 5.56% over the forecast period of 2024-2032. The personal care ingredients market is witnessing dynamic growth as consumer preferences shift toward natural, sustainable, and functional beauty and hygiene products. These ingredients—ranging from emollients, surfactants, emulsifiers, rheology modifiers, active agents, and preservatives—form the backbone of formulations in skincare, haircare, oral care, cosmetics, and toiletries. With increasing awareness of ingredient safety, ethical sourcing, and environmental impact, both global and indie brands are seeking advanced and clean-label ingredients to meet evolving demand. Key Players BASF SE   Ashland   Croda Inter...

  Bio-Based Chemicals Market to Reach USD 167.6 Billion by 2032, Fueled by Sustainability Initiatives and Technological Advancements. The  Bio-Based Chemicals Market  size was valued at USD 70.5 Billion in 2023. It is expected to grow to USD 167.6 Billion by 2032 and grow at a CAGR of 10.1% over the forecast period of 2024-2032. The bio-based chemicals market is gaining significant momentum as industries and governments worldwide seek alternatives to traditional petrochemicals to reduce environmental impact and dependence on fossil fuels. Derived from renewable biomass sources such as plants, agricultural waste, and microorganisms, bio-based chemicals are used in a wide array of industries including agriculture, packaging, textiles, automotive, construction, and personal care. These sustainable alternatives offer reduced carbon footprints, enhanced biodegradability, and compliance with global climate and waste reduction initiatives. Key Players BASF SE ...

  Iron Ore Market Projected to Reach USD 392.4 Billion by 2032, Driven by Infrastructure Growth and Steel Demand in Emerging Economies. The  Iron Ore Market  size was valued at USD 309.7 billion in 2023 and is expected to reach USD 392.4 billion by 2032, growing at a CAGR of 2.7% over the forecast period 2024-2032. The global iron ore market remains a cornerstone of industrial development, supplying the essential raw material for steel production. Iron ore, primarily composed of hematite and magnetite, is extracted and processed to produce iron, which is then converted into steel—used in construction, transportation, infrastructure, and manufacturing. The market is influenced by the dynamics of global steel demand, economic cycles, and trade policies. Despite short-term fluctuations, long-term demand remains robust, particularly from emerging economies with large-scale infrastructure projects and urbanization efforts....

  Oilfield Chemicals Market to Reach USD 40.2 Billion by 2032, Driven by Enhanced Oil Recovery Techniques and Rising Global Energy Demand. The  Oilfield Chemicals Market  was USD 28.5 billion in 2023 and is expected to reach USD 40.2 billion by 2032, growing at a CAGR of 3.9 % over the forecast period of 2024-2032. The global oilfield chemicals market is a critical component of the upstream oil and gas industry, playing a vital role in enhancing drilling efficiency, stabilizing production, and ensuring safe and sustainable extraction processes. These specialized chemicals are used for drilling, cementing, production, and stimulation operations, including corrosion inhibitors, demulsifiers, surfactants, polymers, and biocides. With rising global energy demand and increasing exploration of unconventional oil & gas reserves, the market is experiencing steady growth despite ongoing transitions toward renewable energy. Key Players BASF SE   Schlumberger Limited ...

  Oxygen Market Poised to Reach USD 109.2 Billion by 2032, Driven by Healthcare and Industrial Demand. The  Oxygen Market  size was valued at USD 37.9 billion in 2023 and is expected to reach USD 109.2 billion by 2032, growing at a CAGR of 12.5% over the forecast period 2024-2032. The global oxygen market is experiencing consistent growth due to its indispensable role across multiple sectors including healthcare, metallurgy, chemical processing, water treatment, and energy production. Oxygen is critical for combustion processes, medical therapies, and various industrial oxidation reactions. The COVID-19 pandemic underscored the importance of medical oxygen, driving rapid investments in infrastructure and supply chains. Simultaneously, rising industrial demand and emerging applications in clean energy are expanding the market’s reach beyond traditional uses. Key Players Air Gas Inc.  Air Liquide  Air Products and Chemi...

  Aerogel Insulation Market Set to Surpass USD 5082.32 Billion by 2032, Driven by Demand for Energy Efficiency and Sustainable Construction. The  Aerogel Insulation Market  size was valued at USD 897.28 million in 2023 and is expected to reach USD 5082.32 million by 2032, growing at a CAGR of 21.26% over the forecast period 2024-2032. The global aerogel insulation market is rapidly expanding as industries seek high-performance, lightweight, and energy-efficient insulation materials. Aerogels—often referred to as “frozen smoke” due to their low density—offer exceptional thermal resistance, low thermal conductivity, and superior acoustic insulation. These advanced materials are widely used across sectors including oil & gas, aerospace, construction, automotive, and electronics for applications demanding thermal management, fire resistance, and space-saving solutions. Their unique combination of properties is helping indu...

  Rare Earth Metals Market to Reach USD 16.26 Billion by 2032, Driven by Demand in Clean Energy and Electronics Amid Geopolitical Tensions. The  Rare Earth Metals Market  size was valued at USD 7.66 billion in 2023 and is expected to reach USD 16.26 billion by 2032, growing at a CAGR of 8.75% over the forecast period 2024-2032. The global rare earth metals market is driven by their essential role in modern technologies. Rare earth elements (REEs) such as neodymium, praseodymium, dysprosium, and terbium are critical to the manufacturing of permanent magnets, batteries, catalysts, and electronic components used in electric vehicles (EVs), wind turbines, smartphones, and defense systems. Their unique magnetic, luminescent, and electrochemical properties make them indispensable in enabling energy-efficient and high-performance solutions across industries. As clean energy and digital transformation gain momentum globally, the demand for rare ...

  Recycled Textiles Market to Surpass USD 8.69 Billion by 2032, Driven by Sustainable Fashion and Circular Economy Initiatives. The  Recycled Textiles Market  size was valued at USD 5.76 billion in 2023 and is expected to reach USD 8.69 billion by 2032, growing at a CAGR of 4.70% over the forecast period 2024-2032. The global recycled textiles market is gaining significant traction as environmental concerns and sustainable practices reshape the fashion and textile industries. Recycled textiles are derived from post-consumer garments, industrial waste, and scraps, processed into reusable fibers for creating apparel, home furnishings, automotive interiors, and industrial fabrics. Driven by growing awareness around textile waste, resource conservation, and eco-conscious consumer preferences, the market is shifting away from linear production models toward circular textile solutions. Government regulations, corporate sustainability goals, an...

  Ion Exchange Membrane Market to Reach USD 2.06 Billion by 2032, Fueled by Demand in Water Treatment and Clean Energy Applications. The  Ion Exchange Membranes Market  size was valued at USD 1.25 billion in 2023 and is expected to reach USD 2.06 billion by 2032, growing at a CAGR of 5.73% over the forecast period 2024-2032. The global ion exchange membranes market is driven by rising demand across energy, water treatment, chemical processing, and food and beverage industries. Ion exchange membranes are semi-permeable membranes used to transport specific ions while blocking others, making them essential in applications such as fuel cells, electrodialysis, chlor-alkali processes, and desalination. Their ability to enhance separation efficiency, reduce energy consumption, and support green technology has made them integral to the global shift toward sustainable industrial operations. Key Players 3M   AGC ENGINEERING Co. Ltd   Asa...

  Structural Steel Market to Surpass USD 169.60 Billion by 2032, Driven by Infrastructure Expansion and Smart City Initiatives. The  Structural Steel Market  size was valued at USD 110.04 billion in 2023 and is expected to reach USD 169.60 billion by 2032, growing at a CAGR of 4.95% over the forecast period 2024-2032. The global structural steel market is driven by rising demand across construction, manufacturing, transportation, and energy sectors. Structural steel, known for its high strength, durability, ductility, and recyclability, is a critical material in constructing buildings, bridges, industrial facilities, and large-scale infrastructure projects. Its ability to support heavy loads while offering design flexibility makes it indispensable for both residential and commercial developments. As urbanization accelerates and sustainable construction becomes a priority, structural steel remains central to modern engineering solutions. ...