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Showing posts with the label Specialty and Fine Chemicals

The Global Azelaic Acid Market Growth Accelerated By Increasing Demand For Skin Care Products

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  Azelaic acid is an important organic compound that can be produced both naturally and synthetically. It is commonly used in various skin care products such as creams, gels and lotions to treat acne, rosacea and hyperpigmentation. Due to its remarkable ability to interact with bacterial and fungal elements on the skin surface, azelaic acid effectively reduces inflammation and occurrence of acne lesions. Additionally, regular application of azelaic acid helps restore the natural balance of skin and improves its texture. The rising consumer awareness about the benefits of azelaic acid in various cosmetic products is a major factor driving the growth of the global azelaic acid market. The Global Azelaic Acid Market Size is estimated to be valued at US$ 340.78 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends spurring the growth...

The Global Tempera Paint Market Growth Accelerated By Increasing Adoption In K-12 Activities

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  Tempera paints are a type of poster paint that uses water as a solvent and is consumed as a primary art and craft material for Kids. Tempera paints are non-toxic, washable, and quick-drying in nature which makes it ideal for art education purposes for kids from pre-school to grade 12. It is easy to handle and clean ideal for primary grades art projects. The Global Tempera Paint Market Size is estimated to be valued at US$ 4.74 Bn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of Tempera paints in K-12 activities is one of the major trends driving the growth of the Global Tempera Paint Market. Tempera paint is the most commonly used painting medium for art and craft activities for kids from pre-school through 12th grade in schools across the globe. It not only helps kids to freely explore their creativity but also aids in th...

The Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Growth Accelerated By Increasing Applications Across Industries

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  Sodium acetate trihydrate and sodium acetate anhydrous are useful chemicals with diverse applications in various industries such as textiles, coating, food and beverages, pharmaceutical, and others. They are used in dyeing applications, maintaining pH balance, de-icing, humidity control, and as a food additive. Sodium acetate trihydrate helps prevent freezing and acts as a humidifying agent, while sodium acetate anhydrous maintains pH. The Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Size is estimated to be valued at US$ 136.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing applications of sodium acetate trihydrate and sodium acetate anhydrous across industries such as textiles, food and beverages, pharmaceutical, and others is one of the key trends driving the growth of the market. Sodium acetate fi...

Potassium Sulphate Fertilizers Market Growth Accelerated by Rise in Demand for Cereals and Fruits

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  Potassium sulphate is a vital fertilizer ingredient that increases crop yields by improving plant health and stress resistance. It plays a key role in plant growth by regulating water balance and transport of various nutrients within plants. The global potassium sulphate market demand has witnessed strong growth in the cereals and fruits industry. The global potassium sulphate Market is estimated to be valued at US$ 4456.59 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rise in demand for cereals and fruits across major economies has been a key factor supplementing the growth of potassium sulphate market over the forecast period. Potassium sulphate is extensively used as fertilizer for various cereals including wheat, rice, maize and other crops to maximize yields. It helps in enhancing crop quality, improving transportation of carbohydrat...

The Global Castor Oil Derivatives Market Growth Accelerated By Increasing Application In Lubricants

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  Castor oil derivatives have a wide range of applications including in the manufacturing of lubricants, surface coatings, biodiesel, plasticizers, and others. Castor oil derivatives act as an excellent lubricant and corrosion inhibitor. They ensure smooth operation of machineries by reducing the friction between moving parts. With the growing machinery and automobile industries, the demand for high-performance lubricants is increasing. The global Castor Oil Derivatives Market is estimated to be valued at US$ 1.29 Bn in 2024 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the castor oil derivatives market is its increasing application in lubricants. Castor oil derivatives such as hydroxyated castor oil, dehydrated castor oil, hydrogenated castor oil, and others are widely used to manufacture high-quality lubrica...

The Global Drilling Chemicals Market Growth Accelerated By Increased Drilling Activities

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  Drilling chemicals help improve drilling efficiency and reduce non-productive time in oil and gas drilling operations. Drilling chemicals such as drilling muds, cementing chemicals, drill fluid additives, lubricants, and shale inhibitors are used in drilling, cementing, well completion, production optimization, and stimulation processes. Factors such as rising demand for energy, increasing investments in offshore exploration, and declining costs of drilling are driving the adoption of drilling chemicals. The global drilling chemicals market is estimated to be valued at US$ 13370.38 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased drilling activities have accelerated the demand for drilling chemicals over the recent years. The shale gas revolution has increased drilling of both onshore and offshore wells globally. The need to reduce dri...

The Global Dolomite Market Growth Accelerated By Rising Demand From Construction Industry

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  Dolomite is a carbonate mineral composed primarily of calcium magnesium carbonate. It is used as an ornamental stone, a concrete aggregate, and a source of magnesium oxide. Dolomite's properties make it well-suited for use in road base materials, railroad ballast, concrete aggregate, agricultural applications, and structural fill. The global dolomite market is estimated to be valued at US$ 3088.79 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing construction activities around the globe have significantly driven the demand for dolomite over the past few years. Dolomite is widely used as an aggregate in concrete manufacturing, which is largely consumed in the construction of buildings, roads, bridges, and other infrastructure development projects. According to the Global Construction Perspectives and Oxford Economics, the global con...