Chemical Market Trends

The global FRP vessels market size is expected to grow from USD 3.3 billion in 2020 to USD 4.7 billion by 2025, projecting a CAGR of 8.0% during the forecast period between 2020 and 2025. FRP tanks have a significant application in the oil & gas industry. The downstream industry needs underground storage FRP vessels. According to the Association of State and Territorial Solid Waste Management Officials analysis, it was found that ~7,500 underground storage tanks (USTs) are sold in North America annually. The management of ZCL Composites Inc. has found that steel tanks account for less than 15% of new installations but are still 40%-50% of the currently installed/ in-service tank base. But due to pandemic in the year 2020, the FRP vessels declined due to partial and complete lockdown at major countries which disturbed the the supply chain of the market. However, the demand for FRP vesselswould show recovery with the recovery in oil & gas, and automotive & transportation app

The Fiberglass Market is estimated to grow from USD 11.5 billion in 2020 to USD 14.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. Factors such as extensive use of fiberglass in the construction & infrastructure industry and the increased use of fiberglass composites in the automotive industry are driving the growth of fiberglass market. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6124844 The E-glass, in the glass type segment of global fiberglass market, is expected to witness a promising growth potential during 2020-2025. Factors such as, cost-efficiency, corrosion-resistance, and lightweight, as well as wide-ranging applications of E-glass, makes it preferable wind energy, marine, and electrical & electronics industries. The thermoset resins in fiberglass resin type segment is projected to dominate the global fiberglass market, during 2020-2025. Properties such as excellent resistance to solvents, abrasives, high temperature, and

 The global high performance medical plastics market size is projected to grow from USD 851 million in 2021 to USD 1,242 million by 2026, at a CAGR of 7.8% during the forecast period 2021 to 2026. The growing use of advanced medical technologies, such as 3D printed implants and customized devices is one of the major factor propelling the growth of the high performance medical plastics market. Growing healthcare infrastructure in emerging economies and increasing instances of chronic diseases such as cancer and heart problems are expected to drive the medical devices market, which in turn, is likely to propel the demand for high performance medical plastics. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146073142 This growth can be attributed to the shift towards minimally invasive medical procedures, and an increase in demand for advanced medical technologies and devices across the globe. The development in patient-specific implants and 3D printed dev

The global industrial gaskets market size is estimated at USD 9.0 billion in 2020 and is projected to reach USD 11.6 billion by 2025, at a CAGR of 5.2%. Increasing consumption of PTFE gaskets is the major factor for the growing demand of industrial gaskets market. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24792534 An industrial gasket is a type of seal, which is used to fill the space between two or more contacting surfaces to prevent leakages. In other words, it can be defined as a compressible material or a combination of materials clamped between two or more stationary flanges to prevent the leakage of the media flowing through it. The gasket is made of different metallic and non-metallic materials, depending upon the application area which may require withstanding oil, water, antifreeze, electromagnetic interference (EMI), or radio frequency interference (RFI). Klinger (Austria), Teadit (US), Flexitallic (US), Garlock (US), and W.L.Gore (US) h

The report  " High Temperature Insulation Materials Market   is expected to grow from USD 6.0 billion in 2019 to USD 8.9 billion by 2024, at a CAGR of 8.2% during the forecast period. The major factors driving the high temperature insulation materials market include the need for energy-saving materials to lower manufacturing cost and reduce emission levels, and their high demand in different end-use industries, such as petrochemical, ceramic, glass, aluminum, iron & steel, cement, refractory, and powder metallurgy. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=710 The ceramic fibers segment is the largest type of high temperature insulation materials The high temperature insulation materials market has been segmented based on material type into ceramic fibers, insulating firebricks, calcium silicate, and others. Among these types, the ceramic fibers segment accounted for the largest share of the market in 2018 and is likely to w

The Global LNG storage tank market is estimated to be valued at USD 12.5 billion in 2020 and is projected to reach USD 17.5 billion by 2025, at a CAGR of 7.0%, during the same period. The demand for LNG storage tank is driven mainly by growing demand for LNG in power, energy, and steel end-use industries. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16169135 On the basis of type, the self-supporting segment is expected to be the most significant contributor in the LNG storage tank market during the forecast period. Based on type, the self-supporting segment is expected to account for the larger share of the market in 2020. The growth in this segment is attributed to growing trade of LNG, and growing demand for LNG in the energy and power end-use industries. Furthermore, the growing transportation of LNG on ships in expected to drive the demand during the forecast period. By material, the steel segment is expected to be the most signif

The Wire Compound and Cable Compound Market is estimated to reach 16.42 Billion by 2022, at a CAGR of 7.7% from 2017 to 2022. The growth of this market is driven by the rising demand for wire and cable compounds from the construction and automotive industries. The market in Asia-Pacific and the Middle East & Africa is expected to witness significant growth in the next five years, owing to the rise in construction activities in emerging markets, such as China, India, and Saudi Arabia. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237123323 Construction: the largest end-use industry segment of the wire compound and cable compound market Wire compound and cable compound are extensively consumed in various industries, such as construction, communication, automobile, and power. The construction industry segment is estimated to dominate the wire compound and cable compound market in 2017. The rapid infrastructural development, especi