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.
The global 1,4 Butanediol (BDO) market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. 1, 4 butanediolsare widely used in the production of (Poly Butylenes Terephthalate)PBT, which is further used in the manufacturing of automotive components. In the automotive segment, PBT allows for weight reduction, energy absorption, shock absorption for bumpers, restriction of explosion risk in fuel tanks, airbags, seat belts, door and seat assemblies, subsystems, bumpers, and exterior trim, under-bonnet components, and various other applications. Polyurethane foams can be found in the armrests, seats, and headrests of most cars, where their cushioning properties help in reducing the stress andfatigue often associated with driving.