The Chem Chronicle

  Phenolic Resin Market Set to Surpass USD 22.5 Billion by 2032, Driven by Demand in Construction and Automotive Sectors. The  Phenolic Resin Market  was worth USD 14.5 billion in 202 3  and is expected to grow to USD 22.5 billion by 203 2 , with a CAGR of  5.0%  in the forecast period 2024-2032. The Phenolic Resin Market is gaining momentum globally, driven by its exceptional thermal stability, mechanical strength, and chemical resistance. Phenolic resins are synthetic polymers obtained by the reaction of phenol with formaldehyde and are widely used in adhesives, insulation, laminates, coatings, and molding compounds. They find applications across industries such as construction, automotive, electronics, aerospace, and consumer goods due to their high heat resistance and structural integrity. Key Players Kolon Industries Inc., Asahi Yukizai Corporation, Prefere Resins Holding GmbH, ASK Chemicals, Gunei Chemical Indus...

  Methanol Market Projected to Reach USD 54.5 Billion by 2032 Amidst Surging Demand for Clean Energy Solutions. The  Methanol Market  Size was valued at USD 33.7 billion in 2023, and is expected to reach USD 54.5 billion by 2032, and grow at a CAGR of 5.5% over the forecast period 2024-2032. The Methanol Market is driven by its increasing demand as a versatile chemical feedstock and clean-burning fuel alternative. Methanol, a simple alcohol primarily produced from natural gas, coal, or biomass, plays a critical role in the production of formaldehyde, acetic acid, methyl tert-butyl ether (MTBE), and other industrial chemicals. Its emerging applications in marine fuel, methanol-to-olefins (MTO) processes, and renewable energy sectors are expanding its global footprint. Key Players BASF SE  Cleanse Corporation  HELM AG  LyondellBasell Industries Holdings B.V. Methanex Corporation  Mitsubishi Gas Chemical Company, Inc.  Mitsui...

  Laminated Glass Market Forecasts Robust Growth Amidst Rising Demand in Construction and Automotive Sectors. The  Laminated Glass Market  size was valued at USD 22.71 Billion in 2023 and is expected to reach USD 39.18 Billion by 2032, growing at a CAGR of 6.25% over the forecast period 2024-2032.  The Laminated Glass Market is driven by increasing adoption in automotive, construction, and aerospace sectors. Laminated glass, composed of two or more layers of glass bonded with interlayers like PVB (polyvinyl butyral) or EVA (ethylene-vinyl acetate), offers enhanced safety, UV protection, noise reduction, and energy efficiency. As urbanization accelerates and safety regulations become more stringent, laminated glass is increasingly being used in modern architecture and smart mobility applications. Key Players Saint-Gobain S.A.  AGC Inc.  Nippon Sheet Glass Co. Ltd.  Central Glass Co. Ltd.  ...

  Composites Market Set for Strong Growth Driven by Lightweight Applications and Sustainability Trends. The  Composites Market  Size   was USD 104.6 Billion in 2023 and is expected to reach USD 231.2 Billion by 2032 and grow at a CAGR of 9.2% over the forecast period of 2024-2032. The Composites Market is experiencing significant growth due to increasing demand for lightweight, durable, and high-performance materials across industries such as aerospace, automotive, construction, renewable energy, and sports equipment. Composites—typically made from a combination of fibers (like carbon or glass) and a matrix (such as polymer resin)—offer superior strength-to-weight ratios, corrosion resistance, and design flexibility compared to traditional materials like metal or wood. These advantages are driving their adoption in structural and performance-critical applications. Key Players Teijin Ltd.  Toray Industries, Inc.  Owens Corning   PPG Industries...

  Dimethyl Carbonate Market Forecasts Robust Growth Driven by Green Chemistry and Battery Demand. The  Dimethyl Carbonate Market   Size was USD 1.09 Billion in 2023 and is expected to reach USD 3.25 Billion by 2032 and grow at a CAGR of 12.9% over the forecast period of 2024-2032. The Dimethyl Carbonate (DMC) Market is witnessing strong growth globally due to its expanding applications across multiple industries including pharmaceuticals, electronics, automotive, and chemicals. DMC is a versatile chemical known for its low toxicity, high solvency, and biodegradability, making it a preferred alternative to traditional solvents. It is widely used in the production of polycarbonates, lithium-ion batteries, and as a methylating and carbonylating agent in chemical synthesis. Rising environmental regulations and demand for sustainable chemicals are driving adoption across key sectors. Key Players UBE Corporation  Guangzhou Tinci Materials Technology Co., Ltd...

  Adhesive Tapes Market Poised for Strong Growth Amidst E-Commerce Boom and Industrial Demand. The  Adhesive Tapes Market  Size was valued at USD 81.5 billion in 2023 and is expected to reach USD 134.6 billion by 2032 and grow at a CAGR of 5.8% over the forecast period 2024-2032. The Adhesive Tapes Market is driven by increasing demand across industries such as packaging, automotive, healthcare, construction, and electronics. Adhesive tapes, consisting of a backing material coated with adhesive, are valued for their efficiency, versatility, and ability to replace traditional fasteners. They are widely used for bonding, sealing, masking, insulating, and surface protection. Innovations in tape chemistry and production techniques continue to expand their applications in both consumer and industrial settings. Key Players 3M Company Avery Dennison Corporation Berry Global Inc.  Intertape Polymer Group Lintec Corporation Lohmann GmbH Nitto Denko Co...

  Polyurethanes Market on Steady Growth Trajectory Driven by Sustainability and Diverse Applications. The  Polyurethanes Market  Size was USD 80.7 billion in 2023 and is expected to reach USD 125.7 billion by 2032 and growing at a CAGR of 5.1% over the forecast period of 2024-2032. The Polyurethanes (PU) Market is witnessing significant growth due to its versatility, durability, and wide range of applications across industries such as construction, automotive, electronics, footwear, and furniture. Polyurethanes are polymers formed through the reaction of diisocyanates and polyols, offering properties like flexibility, insulation, and abrasion resistance. Their adaptability makes them ideal for both rigid and flexible foam applications, as well as coatings, adhesives, sealants, and elastomers. Key Players Eastman Chemical Company (U.S.)  BASF SE  Tosoh Corporation (Japan)  Huntsman Corporation  The Dow Chemical Company  Covestro...

  Metal Casting Market Set to Double by 2032 Amidst Industrial and Automotive Demand. The  Metal Casting Market  Size was USD 141.9 billion in 2023 and is expected to reach USD 225.7 billion by 2032 and grow at a CAGR of 5.3% over the forecast period of 2024-2032. The Metal Casting Market is experiencing robust growth globally, driven by its critical role in manufacturing components for automotive, construction, aerospace, and industrial machinery. Metal casting involves pouring molten metal into molds to create complex parts with high precision, durability, and minimal material waste. Common metals used include aluminum, iron, steel, and zinc. With the rise in lightweight vehicle production, infrastructure modernization, and renewable energy development, metal casting remains a cornerstone of industrial production. Key Players Ryobi Limited  Dynacast   MINO Industry USA, Inc.   Ahresty Corporation  GIBBS   Rheinmetall Automotive AG...

  Nanocellulose Market Poised for Rapid Expansion Amidst Sustainability Drive. The  Nanocellulose Market  Size was valued at USD 492.4 million in 2023 and is expected to reach USD 2690.3 Million by 2032 and grow at a CAGR of 20.8% over the forecast period 2024-2032. The Nanocellulose Market is gaining momentum globally, driven by growing interest in sustainable, lightweight, and high-strength materials across industries such as packaging, composites, personal care, pharmaceuticals, and electronics. Derived from renewable plant sources, nanocellulose offers exceptional mechanical properties, high surface area, biodegradability, and low environmental impact. Its versatility across multiple applications is making it a critical material in the transition toward greener technologies and products. The market is segmented into cellulose nanocrystals (CNC), cellulose nanofibrils (CNF), and bacterial nanocellulose (BNC), with CNC and CNF dominating due to their supe...

  Powder Coatings Market Set for Robust Growth Driven by Sustainability and Industrial Demand. The  Powder Coatings Market  Size was valued at USD 15.6 billion in 2023, and is expected to reach USD 24.5 billion by 2032, and grow at a CAGR of 5.1% over the forecast period 2024-2032. The Powder Coatings Market is witnessing rapid growth as industries increasingly turn to environmentally friendly and durable coating alternatives. Powder coatings are solvent-free, produce negligible volatile organic compounds (VOCs), and offer high-quality finishes, making them ideal for applications across automotive, appliances, furniture, architecture, and industrial sectors. Their superior resistance to corrosion, chipping, scratching, and fading further boosts their popularity in both consumer and industrial markets. As sustainability becomes a focal point in manufacturing, powder coatings are emerging as a leading solution for cost-effective, durable, and eco-conscious su...

  Carbon Capture, Utilization, and Storage (CCUS) Market Expected to Surpass USD 24.2 Billion by 2032, Driven by Net-Zero Goals and Industrial Decarbonization Initiatives. The  Carbon Capture Utilization and Storage Market  Size was valued at USD 3.62 billion in 2023, and is expected to reach USD 24.2 billion by 2032, and grow at a CAGR of 23.5% over the forecast period 2024-2032. The Carbon Capture Utilization and Storage (CCUS) market is gaining momentum as governments, industries, and environmental organizations intensify efforts to mitigate climate change. CCUS technologies capture carbon dioxide (CO₂) emissions from industrial processes and power generation, preventing them from entering the atmosphere. The captured CO₂ can either be stored underground in geological formations or used in various applications such as enhanced oil recovery (EOR), building materials, and synthetic fuels. With increasing global regulations and the growing demand for clean energ...