Naphthalene market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). Naphthalene is a white crystalline compound with a strong, distinctive odor. It is derived from coal tar or petroleum and is commonly used as a moth repellent and deodorizer. Major factors supporting the market growth are its versatile applications across various industries and market players expanding their capacity to support market demand.
Polyethylene terephthalate (PET) market is anticipated to grow at a CAGR of 4.2% during the forecast period. The key factor contributing to the market’s growth is the advantages of PET. It has a unique combination of properties such as resistance to oil, grease, and alcohols; low gas permeability; various solvents; high strength; and moisture barrier properties, making it a popular choice for various industries such as packaging, textiles, automotive, and electronics, which is fueling the growth of the PET market.
Liposome in cosmetics market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth is primarily attributed due to its ability to encapsulate active molecules and carry them through the outer impenetrable barrier layer, into the epidermis which provides enhanced efficacy and tolerability of products. Liposomes offer a time-release mechanism, thus supporting, protecting, and delivering unstable ingredients.
Beeswax market is anticipated to grow at a significant CAGR of 3.2% during the forecast period. Beeswax is a natural wax produced by honey bees. It is applied in many sectors including pharmaceuticals, cosmetics, and food & confectionery among others. Beeswax is used in products due to its beneficiary features such as anti-bacterial, inert high plasticity, natural, and others. Besswax also contains vitamin A which protects skin cells from environmental impurities. Beeswax is used in manufacturing of medicines, ointments, creams, for coating cheese, and to sealing food containers. For instance, in
Organic peroxide market is anticipated to grow at a CAGR of 4.3% during the forecast period. The organic peroxide is a carbon-containing compound holding two oxygen atoms together, which is used as activators, accelerators, initiators curing agents, hardeners, cross-linking agents, and promoters. The increasing demand for initiators in the procedure of polymerization to manufacture various sorts of polymers is driving the growth of the market. The rising demand for thermoplastics across numerous industrial applications is expected to strengthen the adoption of organic peroxide.
The fatty alcohol market is anticipated to grow at a CAGR of 5.7% during the forecast period. Fatty alcohols are derived from several fatty acids as well from natural fats and oils originating in plants and animals. The increasing demand of the fatty alcohol application sectors is the key factor for the growth of the global market.
1, 4 Butanediol (BDO) market is anticipated to grow at a CAGR of 3.9% during the forecast period (2024-2031). BDO is a colorless, viscous, water-miscible liquid used to make many organic chemicals, including polymers, spandex, plastics, elastic fibers, and polyesters. The high demand for BDO in several end-user industries is a key factor driving the market growth. The development of sustainable BDO is offering lucrative opportunities for industyr growth.