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Showing posts from January, 2025

Maleic Anhydride Market Poised for Remarkable 4.46% Expansion

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  According to a new report by Univdatos Market Insights, the Global Maleic Anhydride Market is expected to reach USD 4,512.28 million in 2032, growing at a CAGR of 4.46%. The market is witnessing substantial growth driven by the increasing demand for unsaturated polyester resins (UPR), which are widely used in the construction, automotive, and marine industries. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=63816 Demand: The market is experiencing solid growth due to the following reasons. First, the shifting of auto industry consumers’ demand to lighter vehicles with higher fuel efficiency has boosted the usage of unsaturated polyester resins (UPR), the primary end use of maleic anhydride. This demand is especially strong in the automotive and transportation sectors, as the use of UPR is due to its properties such as ultra lightness and ultra strongness. For instance, companies like BASF and Polynt-Reichhold, the ...

Global Phase Change Material Market Poised for Remarkable 20.45% Expansion

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  According to a new report by Univdatos Market Insights, the Global Phase Change Material Market is expected to reach USD 6,934.49 million in 2032, growing at a CAGR of 20.45%. The market is driven by the rising application in building and construction, increasing demand for HVAC systems, and the growing need for energy-efficient solutions in various industries. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=63882 Demand: The PCM market is growing globally, which can be attributed to several factors increasing the demand for PCM. Firstly, the market has been highly affected by the demand to embrace energy efficiency and sustainability in the construction of buildings. Enhancing the use of PCM in building materials has the following benefits: It enables the control of indoor temperatures, thus espousing heating and cooling, leading to energy conservation. This corresponds to the worldwide practice of promoting sustai...

Betaine Market Seen Soaring 4.8% Growth to Reach USD 6.6 Billion by 2032

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  According to a new report by Univdatos Market Insights, Betaine Market is expected to reach USD 6.6 Billion in 2032 by growing at a CAGR of 4.8%. Several factors are driving the growth of the betaine market. Increasing customer focus in the fitness and wellness sector has brought a growing call for natural and natural ingredients, including betaine, in nutritional supplements and personal care merchandise. The health-conscious diet above is also integrating betaine into natural products and beverages. Additionally, the growth of the animal feed industry, including a booming call for meat and dairy products, is boosting the market for betaine as a feed additive. Factors such as the growing choice of herbs and organics, coupled with technological innovations in manufacturing technologies, will likewise contribute to the market growth. Government regulations and guidelines play an important role in regulating the betaine market. Many parts of the world are setting stricter guideli...

Chitosan Market Seen Soaring 13.2% Growth to Reach USD 34.5 Billion by 2032

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  According to a new report by Univdatos Market Insights, Chitosan Market is expected to reach USD 34.5 Billion in 2032 by growing at a CAGR of 13.2%.  One of the primary drivers is the developing name for sustainable and biodegradable substances sooner or later of numerous industries, which incorporates prescribed drugs, cosmetics, and agriculture, as agencies and clients alike are attempting to find green alternatives for synthetic compounds. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=64428 The future of the chitosan marketplace appears promising with developing programs in rising fields at the side of bioplastics and nutraceuticals. For instance, the improvement of chitosan-based biodegradable plastics is turning into a huge fashion, reflecting the market’s version of the global call for sustainable packaging answers. Furthermore, contemporary day government guidelines are also fostering market increase. Vari...

Polybutylene Adipate Terephthalate Has Seen a Soaring 8.7% Growth and was valued at USD 1382 Million in 2023

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  According to a new report by Univdatos Market Insights, the Polybutylene Adipate Terephthalate Market was valued at USD 1382 Million in 2023 and growing at a CAGR of 8.7%. Polybutylene Terephthalate (PBT) is a high-performance engineering plastic material that is used in a variety of applications because of its high mechanical, chemical, and thermal performances. Polybutylene terephthalate known as PBT is a member of the polyester family, mainly used in automotive, electrical, and electronics, and some consumer durable applications. The PBT market is predicted to grow rapidly in the next few years due to new developments, key player activity, and the support for sustainable materials by authorities. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=65887 The dynamic changes in the PBT market are due to the advancement in technology introduction of new materials and the growing concern about green solutions. One of the ...

Biobased Leather Has Seen a Soaring 6.33% Growth and was valued at USD 680.6 Million in 2023

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  According to a new report by Univdatos Market Insights, the Biobased Leather Market was valued at USD 680.6 Million in 2023 and growing at a CAGR of 6.33%. Bio-based leather has been embraced in the markets of the world as sustainability is gradually being incorporated across different markets such as fashion, automobile industries, and furniture, among others. Synthetic leather which can be obtained from resources such as plants, mushrooms, and by-products of agricultural produce is better leather than animal one. This innovation replaces conventional leather, which has social and ecological implications because it is produced through intensive use of resources and entails chemical treatment. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=65940 The market for bio-based leather is expected to grow in the future due to rising awareness related to sustainability, increasing governmental measures to regulate this indus...