Animal nutrition products are dietary components that offer health aids. Growing demand for safe and healthy animal food, restrictions on the use of antibiotics, increasing awareness among producers regarding animal health are major factors driving animal nutrition market growth.
Agrochemicals
Agrochemicals are engineered chemical or biological formulations used for improvements in the quality and yield of crops. The future of agrochemicals looks bright, considering global population growth, growing imperative to protect against crop losses and increase yields as well as rising consumer demand for sustainably produced food.
Base Chemicals & Intermediates
These chemicals serve as essential building blocks to produce everyday necessities. They are produced in large quantities and have end-use applications in almost every industrial and consumer sectors.
Coatings & Construction
Paints & coatings improve the durability and aesthetics of the surface when used for decorative purposes. They also protect the surface from adverse environmental conditions, weathering, rust, and exposure to chemicals. Construction chemicals are used as additives in cement and other construction material.
Cleaning Ingredients
Cleaning chemicals are substances (normally fluids, powders, sprays, or granules) used to remove dirt, including dust, stains, bad smell, OR to destroy / inactivate the microorganisms and bacteria present on the surface. Rising awareness on the use of cleaning chemicals at commercial, institutional and household levels for disease prevention purpose is likely to rapidly boost growth.
Cosmetic Ingredients
Cosmetic chemicals that are generally found in cosmetic products include colorants, surfactants, rheology control agents, emulsifier, emollients, and preservatives. Rising demand for cosmetic products formulated with natural ingredients coupled with consumer willingness to spend on premium products is driving demand for organic grade cosmetic chemicals.
Fuels, Fluids & Lubricants
Alternative fuels such as biodiesel and ethanol are increasingly being blended with conventional fuels to improve emissions characteristics. Lubricants are fluids, oils, or greases that reduce friction between two surfaces. These fluids are crucial in automotive and industrial applications.
Food & Nutrition
Food additives are sustances added to foods that help improve the texture, color, taste, or appearance. The global food additive industry is expected to witness growth due to changes in consumer taste and interest in product quality and nutritional value.
Pharma & Nutraceuticals
Nutraceuticals are products that provide health advantages and additional nutrition to the human body. Growing Geriatric Population is a key market driver.
Pigments & Colorants
Colorants are the substances mixed or applied on material or surface to change its color. Colorants can be classified into dyes and pigments. The key market driver for the global colorants market is the growing demand for paints & coatings from several industries, including automotive and building & construction.
Plastic, Polymers & Composites
A polymer is a large molecule, which consists of a number of repeated subunits known as monomers. Historically, polymer products were disposed of after use, which led to the increased amount of waste accumulation in landfills, resulting in harmful environmental effects. With the passage of time, manufactures of polymers have started using advanced technologies in mechanical and chemical methods for recycling of these products. Thus, optimal resource utilization through the recycling of polymer materials to reduce wastage and create a sustainable environment is the key trend being observed in the polymer market.
