Plastic Compounding Global Market Report 2023 – By Product (Polyethylene (PE), Polypropylene (PP), Poly Vinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Other Products), By Source (Fossil-Based, Bio-Based, Recycled), By Application (Automotive And Transportation, Infrastructure And Construction, Electrical And Electronics, Packaging, Consumer Goods And Lifestyle, Industrial Machinery, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals. The global chemicals market size will grow from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of chemicals is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market share. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Agricultural implements refer to tools, which are required to carry out agricultural practices to decrease human labor and improve field crop yield. The main types of agriculture implements are farm machinery and equipment, lawn and garden tractors, and home lawn and garden equipment. The farm machinery and equipment refer to the machinery that is used for the farm. The various operations include autonomous and semi-autonomous, manual. These various capacities include small, medium, and large. These are used in land development and seedbed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing. The global agricultural implement market is segmented - 1) By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment 2) By Operation: Autonomous, Semi-autonmous, Manual 3) By Capacity: Small, Medium, Large 4) By Application: Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro Processing Subsegments Covered: Cotton Ginning Machinery, Feed Processing Equipment, Fertilizing Machinery, Haying Machines, Milking Machines, Planting Machines, Plows, Poultry Brooders, Feeders, And Waterers, Combines (i.e., Harvester-Threshers), Other Farm Machinery And Equipment, Push Lawn Mowers, Riding Mowers, Other Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing The global agricultural implement market size grew from $248.22 billion in 2022 to $266.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global agricultural implement is expected to grow to $342.91 billion in 2027 at a CAGR of 6.5%. The agricultural implement market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the growth of the agricultural implement market during the forecast period. Major companies in the agricultural implement market include Deere & Company, Kubota Corp, CNH Industrial NV, AGCO Corporation, EXOR Group, Claas KGaA mbH, The Toro Company, Tetra Laval International S.A, Bucher Industries AG, and Techtronic Industries Co. Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the agricultural implement market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the agriculture implement market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smartphone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies including CNH Industrial, Deere, and AGCO have already started developing such technology. The Asia-Pacific was the largest region in the agricultural implement market in 2022. North America was the second largest region of global agricultural implement market share. The regions covered in the global agricultural implement market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural implement market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The agricultural implement market consists of sales of harvesting implements, planting machines, soil cultivation implements, and irrigation machinery. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agricultural implement market research report is one of a series of new reports from The Business Research Company that provides agricultural implement market statistics, including agricultural implement industry global market size, regional shares, competitors with an agricultural implement market share, detailed agricultural implement market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural implement industry. This agricultural implement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

ethylene market refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when it’s pure. It is the simplest alkene widely used in industry and is also a plant hormone. The main feedstock types of ethylene market include naphtha, ethane, propane, butane, and other feedstocks. Ethane is a colorless, odorless, gaseous hydrocarbon (a compound of hydrogen and carbon) belonging to the paraffin series. Ethylene has various applications that include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha-olefins. These are used in the packaging, automotive, construction, agrochemical, and textile industries. The global ethylene market is segmented - 1) By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks 2) By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins 3) By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile The global ethylene market size grew from $102.91 billion in 2022 to $105.71 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ethylene is expected to grow to $117.93 billion in 2027 at a CAGR of 2.8%. During the historic period, increased demand for polythene products contributed to the ethylene market’s growth. Ethylene is mainly used in polyethylene products such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE). The polyethylene market has grown substantially due to the increased demand for plastic across the globe. The high penetration of plastics in electronic products and lightweight products in vehicles has increased the demand for plastics. According to the American Chemistry Council, the production of plastic resins, which serve as the foundation for all plastic products, climbed 0.9 percent in the United States in 2020, compared to 1.2 percent in 2019. These factors that have driven the adoption of polyethylene have impacted the growth of the ethylene market. Major players in the ethylene market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC., China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals, and Exxon Mobil Corporation. Stringent government regulations related to the production and use of ethylene restrain the growth of the ethylene market. Ethylene is combustible and carcinogenic in nature, making it dangerous to the environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislation for environmental protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests the EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb plastic waste. For instance, in January 2020, China announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the ethylene market. Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy, and offer the same versatility as chemically synthesized plastic. Following the trend, Braskem, a Brazil-based biopolymer producer, partnered with LEGO Group, a Danish toy production company, to supply it with I’m greenT polyethylene. I’m greenT polyethylene is a plastic made from sugarcane that is 100% recyclable and contributes to the reduction of greenhouse gases. In January 2020, Indorama Ventures, a Thailand-based intermediate petrochemical company completed the acquisition of ethylene business of Huntsman Corporation for $2 billion. This acquisition added products such as ethylene, ethylene oxide, and mono ethylene glycol, extending the product profile of Indorama Ventures, and will strengthen the PET feedstock supply chain and improve its position as a PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers, and MTBE. Huntsman Corporation is a US-based manufacturer and marketer of chemical products. Asia-Pacific was the largest region in the ethylene market in 2022. North America was the second-largest region in the ethylene market report. The regions covered in the ethylene market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The ethylene market consists of the sales of ethylene in different compounds such as polyethylene (plastics), ethylene oxide or ethylene glycol, ethylene dichloride, and styrene. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ethylene market research report is one of a series of new reports from The Business Research Company that provides ethylene market statistics, including ethylene industry global market size, regional shares, competitors with an ethylene market share, detailed ethylene market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene industry. This ethylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Genetically modified crops (GM crops) are agricultural plants whose DNA has been altered using genetic engineering techniques. The main trait types in genetically modified crops are herbicide tolerance (HT), insect resistance (IR), stacked traits (ST), and others. The main types of crops are soybeans, cotton, maize, oilseed rape, tobacco, and others. The techniques used in genetically modified crops are gene guns, electroporation, microinjection, agrobacterium, and other techniques. The types of modification are transgenic, cis-genic, sub-genic, and multiple trait integrations that are applied in scientific research and agricultural crops. The global genetically modified crops market is segmented - 1) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits 2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, tobacco, Other Crops 3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques 4) By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration 5) By Application: Scientific Research, Agriculture Crops The global genetically modified crops market size will grow from $21.08 billion in 2022 to $22.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global genetically modified crops is expected to grow to $28.03 billion in 2027 at a CAGR of 5.9%. Genetically modified (GM) crops have traits such as insect tolerance and herbicide tolerance that contribute to the high demand for such crops. Other benefits offered by genetically modified crops include high nutritional value, improved yield, and longer shelf life. For these reasons, farmers are resorting to GM crops to increase their yields and profits. According to the U.S. Department of Agriculture (USDA), genetically engineered insect-resistant cotton has helped to achieve a significant reduction in the use of synthetic pesticides that are contaminating groundwater and the environment. The environmental concerns and benefits offered by GM crops drive the demand for the growth of the genetically modified crops market over the forecast period. Major players in the genetically modified crops market are Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain, JR Simplot Co., JKAgri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), and Calyxt Inc. The exponential increase in the world's population around the globe drives the need to implement genetically modified crops. Farmers have to adopt new technologies to produce crops that can meet the demand of the growing population. GM crops help reduce food loss and waste, improve soil and water management, and improve the yield while protecting the environment. According to the UN, it is expected that the world population will be around 10 billion by 2050. Genetically modified crops are therefore important to feed this growing population and maintain food security. The stringent regulations imposed on the approval of GM crops limit the growth of the genetically modified crops market during the period. For instance, in India, only Bt cotton is permitted by the government for cultivation. Genetically modified brinjal was not approved by the environment ministry. Therefore, the stringent regulations imposed by the governments of various countries on the approval of GM crops impact the growth of the market. In October 2020, BASF SE, a Germany-based chemical manufacturing company, acquired ASL for an undisclosed amount. This acquisition was aimed at expanding the melon seed breeding capacities of BASF to secure the most inventive melon breeding research program and increase breeding and seed production in France. ASL is a France based seed production and breeding company that specializes in melons with orange flesh, such as the Cantaloupe and Charentais varieties. The development of better and efficient genome-editing techniques is gaining traction in the genetically modified crops market. Techniques such as haploid induction, reduces the time it takes to develop commercial crop varieties and allows faster genetic improvements in different varieties. For instance, in 2021, Switzerland based agricultural science and technology company, Syngenta published a paper in the international science journal, Nature Biotechnology, detailing their discovery of a genome-editing technique called haploid induction editing (HI-Edit™). The technology allows breeders to modify crops at various stages in the seeds research and development process, reducing substantial cost and time. The current research focused on field corn and sweet corn crops, but the technique could be applied to wheat as well. North America was the largest region in the genetically modified crops market in 2022. South America was the second largest region in the global genetically modified crops market share. The regions covered in the global genetically modified crops market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the genetically modified crops market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The genetically modified crops market consists of revenues earned by entities that are engaged in producing genetically modified corn, genetically modified rice, and other genetically modified crops. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The genetically modified crops market research report is one of a series of new reports from The Business Research Company that provides genetically modified crops market statistics, including global market size, regional shares, competitors with a genetically modified crops market share, detailed genetically modified crops market segments, market trends and opportunities, and any further data you may need to thrive in the genetically modified crops industry. This genetically modified crops market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Ethylene petrochemical refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when its pure. It is the simplest alkene widely used in industry and is also a plant hormone. The main feedstocks of ethylene-petrochemicals are naphtha, ethane, propane, butane, and other feedstocks. Ethane is defined as an odorless, gaseous, and colorless hydrocarbon compound. Ethane is considered to be the simplest hydrocarbon compound containing a single carbon-carbon bond. The various applications of ethylene include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha-olefins. The main end-use industries in which ethylene is used are packaging, automotive, construction, agrochemicals, and textiles. The global ethylene-petrochemicals market is segmented - 1) By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks 2) By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins 3) By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile The global ethylene-petrochemicals market size will grow from $102.91 billion in 2022 to $105.71 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the ethylene-petrochemicals is expected to grow from $117.93 billion in 2027 at a CAGR of 2.8%. During the historic period, increased demand for polythene products contributed to the ethylene-petrochemicals market’s growth. Ethylene is mainly used in polyethylene products such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE). The polyethylene market has grown substantially due to the increased demand for plastic across the globe. The high penetration of plastics in electronic products and lightweight products in vehicles has increased the demand for plastics. According to National Geographic (2020), 40% of the plastic produced every year is single-use plastics. Production of plastic is expected to double by 2050. These factors that have driven the adoption of polyethylene have impacted of the ethylene market growth. Major players in the ethylene-petrochemicals market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC., China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals, and Exxon Mobil Corporation. Stringent government regulations related to the production and use of ethylene restrain the growth of the ethylene-petrochemicals market. Ethylene is combustible and carcinogenic in nature, making it dangerous to the environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislation for environmental protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests the EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb plastic waste. For instance, in January 2020, China announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the ethylene-petrochemicals market. Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy and offer the same versatility as chemically synthesized plastic. Following the trend, in June 2021, Braskem, a Brazil-based biopolymer producer, launched the world’s first renewably-sourced polyethylene wax. This can be used for producing coatings, cosmetics, adhesives, and various other compounds. In January 2020, Indorama Ventures, a Thailand-based intermediate petrochemical company completed the acquisition of ethylene business of Huntsman Corporation for $2 billion. This acquisition expanded Indorama Ventures' product profile by adding ethylene, ethylene oxide, and monoethylene glycol, as well as strengthening the PET feedstock supply chain and improving its position as a PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers, and MTBE. Huntsman Corporation is a US-based manufacturer and marketer of chemical products. Asia-Pacific was the largest region in the ethylene-petrochemicals market in 2022. Middle East was the second-largest region in the global ethylene-petrochemicals market analysis. The regions covered in the global ethylene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethylene-petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The ethylene petrochemical market consists of the sales of ethylene petrochemicals in different compounds such as polyethylene (plastics), ethylene oxide or ethylene glycol, ethylene dichloride, and styrene. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ethylene-petrochemicals market research report is one of a series of new reports from The Business Research Company that provides ethylene-petrochemicals market statistics, including ethylene-petrochemicals industry global market size, regional shares, competitors with an ethylene-petrochemicals market share, detailed ethylene-petrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene-petrochemicals industry. This ethylene-petrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The emulsifiers act as a surfactant that stabilizes the emulsions. Emulsifiers also called emulgent, are surface-active agents that act at the interface between two immiscible liquids such as oil and water, allowing them to be blended into stable emulsions, by maintaining the stability of the mixture. Emulsifiers also reduce stickiness, control crystallization, and prevent separation and are present in ready-made sauces, mayonnaise, soups, and many other food products in which the combination of oil and aqueous phase is needed. They are also found in dairy products such as milk, cream, butter, cheese, yogurt, and various kinds of sweets, such as chocolate, chocolate bars, marshmallows. The main types of products in emulsifiers are lecithin, mono and di-glycerides, stearyl lactylates, sorbitan esters, polyglycerol esters, and others. The lecithin is used in food applications as a viscosity modifier, lubricant, dispersant, and aerating agent. The lecithin emulsifier's molecular structure makes it a good emulsifier for water-oil interaction. The different chemical structures include natural, synthetics, semi-synthetics, and are used in food emulsifiers, cosmetics and personal care, oilfield chemicals, pharmaceutical, agrochemicals, others. The global emulsifiers market is segmented - 1) By Product: Lecithin, Mono and Di-Glycerides, Stearyl Lactylates, Sorbitan Esters, Polyglycerol Esters, Other Products 2) By Chemical Structure: Natural, Synthetic, Semi-Synthetic 3) By Application: Food Emulsifiers, Cosmetics And Personal Care, Oilfield Chemicals, Pharmaceutical, Agrochemicals, Other Applications The global emulsifiers market size grew from $5.92 billion in 2022 to $6.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global emulsifiers is expected to grow to $8.35 billion in 2027 at a CAGR of 7.1%. The increasing demand for emulsifiers in the food industry for packaged and convenience food worldwide is contributing to the growth of the emulsifiers market. Food emulsifiers are increasingly being used in packaged and convenience food products to prevent microbial spoilage. Demand for packaged and ready-to-eat food is growing over time due to busy lifestyles, changing eating habits of the population, and the spread of COVID-19 pandemic. For instance, according to Credit Suisse, a Switzerland-based investment banking company, retail sales of packaged food firms in the USA increased from 15% to 30% on average from March to May 2020. Hence, the increasing demand for emulsifiers in the food industry is expected to drive the growth of the emulsifiers market. Major players in the emulsifiers market are BASF SE, The Dow Chemical Company, Kerry Group, Clariant, Evonik Industries, Cargill, Archer Daniels Midland, Stepan Company, Solvay S.A, Palsgaard A/S, Puratos Group., Spartan Chemical Company, The Lubrizol Corporation, Royal DSM N.V., and Beldem S.A. The increasing investment in research and development to make natural emulsifiers are shaping the emulsifiers market. Major companies operating in the emulsifiers sector are focused on developing and launching natural emulsifiers for use in manufacturing organic hair care and skincare formulations and food products. For instance, in March 2020, Ingredion, a US-based ingredient provider launched a broth emulsifier called Evanesse made from chickpeas. The product is considered as a replacement for eggs or uses in dressings and sauces, without and affecting taste or texture. Evanesce can replace OSA modified starches and other artificial emulsifiers and help food manufacturers looking to tout front-of-package claims on their products, such as natural or no artificial ingredients. In August 2021, Infineum, a UK-based specialty chemical company signed a contract to acquire the ISCA UK emulsifiers business unit for an undisclosed amount. The agreement secures ISCA UK's formulation expertise and the ISCAMUL emulsifier brand. This acquisition represents Infineum's return to the emulsion explosives industry, where its current capabilities can be utilized to better serve current and potential new customers. ISCA UK is a UK-based manufacturer of specialty chemicals. Asia-Pacific was the largest region in the emulsifiers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the emulsifiers market during the forecast period. The regions covered in the emulsifiers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the emulsifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The emulsifiers market consists of sales of emulsifying agents including polymers and sodium lauryl sulfate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The emulsifiers market research report is one of a series of new reports from The Business Research Company that provides emulsifiers market statistics, including emulsifiers industry global market size, regional shares, competitors with a emulsifiers market share, detailed emulsifiers market segments, market trends and opportunities, and any further data you may need to thrive in the emulsifiers industry. This emulsifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Agroscience refers to disciplines pertaining to the production and processing of food and fibre, including agronomy, soil science, horticulture, and the study of scientific crop production systems. It refers to the sciences that deal with the processing and production of food and fibre. They cover techniques for cultivating soil, growing and harvesting crops, raising animals, and preparing plant and animal products for use and consumption by humans. The main types of agroscience are biopesticides, biostimulants, and GM seeds. The biopesticide market consists of sales of biopesticide products by entities (organizations, sole traders, and partnerships) that refer to certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals. They are sourced from acid-based biostimulants and extract-based biostimulants and are used in crops, food, and vegetable applications. The global agroscience market is segmented – 1) By Product: Biopesticides, Biostimulants, GM Seeds 2) By Active Ingredient: Acid-based biostimulants, Extract-based biostimulants 3) By Application: Crops, Food & Vegetable The global agroscience market size will grow from $218.27 billion in 2022 to $235.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agroscience market size is expected to grow to $287.76 billion in 2027 at a CAGR of 5.1%. The growing adoption of sustainable agriculture is expected to propel the growth of the agroscience market. Agricultural communities across the globe are shifting towards sustainable agricultural practices to preserve and restore critical habitats, help protect watersheds, and improve soil health and water quality. For instance, in October 2021, the Agoro Carbon Alliance, the first sustainable agriculture programme backed by Yara, one of the global agriculture leaders in crop nutrition, was launched in India. The Agoro Carbon Alliance aims to create a more sustainable and profitable food future. Therefore, the growing adoption of sustainable agriculture is driving the growth of the agroscience market. Major players in the agroscience market are Agrinos Inc., Nutrien, Arysta LifeScience Corporation (United Phosphorus Ltd.), BASF, Corteva Agriscience, Novozymes (Novo A/S), BioWorks, Dow AgroSciences, DuPont, Biostadt, Koppert, Nufarm, Valent BioSciences, Valagro, AgBiTech, SRT Agro Science Pvt. Ltd., GNP AGROSCIENCES PVT. Ltd., Himalaya Agro Science, Green Earth Agro Science, Sigma Agriscience, Eurofins Scientific, and Arysta LifeScience. Strategic partnerships and collaborations are a key trend gaining popularity in the agroscience market. The key players in the market are expanding their research and development activities through strategic collaborations and partnerships with relevant players in the market. For instance, in April 2021, Corteva Agriscience, a US-based agricultural chemical and seed company, collaborated with a US-based biotechnology company, Ginkgo Bioworks. As part of the collaboration, Ginkgo's cell engineering platform and DNA codebase are being combined with Corteva's natural product development and agricultural expertise to explore the next generation of organically inspired sustainable solutions. In October 2020, American Vanguard, an American producer of agrochemicals and pesticide delivery systems, acquired Agrinos, a US-based biological crop input supplier and developer of biological crop input technologies, for an undisclosed amount. Through the acquisition, American Vanguard is aiming to capitalise on the strong market demand for sustainable crop production as well as the Agrinos portfolio will complement American Vanguard's Green Plant liquid nutrition products, which have enjoyed successful growth in the Central American market. North America was the largest region in the agroscience market in 2022. North America is expected to be the largest market in agroscience market. The regions covered in the agroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the agroscience market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agroscience market includes revenues earned by entities by soil cultivation, crop cultivation and harvesting, and animal production. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced.It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agroscience market research report is one of a series of new reports from The Business Research Company that provides agroscience market statistics, including agroscience industry global market size, regional shares, competitors with market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the agroscience industry. This agroscience market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chitosan is obtained from the outer skeleton of crustaceans and the cell walls of certain fungi. Chitosan can be used as a medicine and for manufacturing certain drugs. It is used for high blood pressure, wound healing, obesity, high cholesterol, and various other purposes. Due to its biodegradable nature, chitosan is also used for the development of antimicrobial films for food packaging. The main sources of chitosan include shrimp, squid, crab, krill, and other sources. The shrimp segment consists of sales of chitosan solutions by entities (organizations, sole traders, and partnerships) that are derived from the exoskeleton of shrimp. A shrimp is a sea animal that belongs to the huge group of arthropods. It is a kind of shellfish that is considered seafood. Shrimps belong to the suborder Pleocyemata. The main grades in the chitosan market are pharmaceutical grade, industrial grade, and food grade. They are used for water treatment, food and beverage processing, cosmetics, medical and pharmaceutical products, agrochemicals, and other applications. The global chitosan market is segmented - 1) By Grade: Pharmaceutical Grade, Industrial Grade, and Food Grade 2) By Source: Shrimp, Squid, Crab, Krill, and Other Sources 3) By Application: Water Treatment, Food and Beverages, Cosmetics, Medical and Pharmaceuticals, Agrochemicals, Other Applications The global chitosan market size grew from $6.01 billion in 2022 to $6.84 billion in 2023, at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global chitosan is expected to grow to $14.67 billion in 2027 at a CAGR of 21.0%. The increase in requirements for wastewater treatment across the globe is expected to propel the growth of the chitosan market. Wastewater treatment has been defined as the process of removing impurities from wastewater before it reaches natural bodies or aquifers such as oceans, lakes, and rivers. Chitosan is widely used for wastewater treatment as it helps in heavy metal or metalloid adsorption, the removal of dyes from industrial wastewater, and the removal of other organic pollutants such as organic oxidants, oil impurities, and organochloride pesticides. For instance, in 2021, according to a study conducted by the Utrecht University, a Netherlands-based public research university, and the United Nations University, a Japan-based research and study university, the wastewater produced globally each year stands at 359 billion cubic meters, of which approximately 48 percent of that water is released untreated into the environment. Therefore, the growth in requirements for wastewater treatment across the globe is driving the chitosan market growth. Major players in the chitosan market are Advanced Biopolymers AS, Agratech International, Inc., Golden-Shell Pharmaceutical Co. Ltd., G.T.C. Bio Corporation, Heppe Medical Chitosan GmbH, Kitozyme S.A, Novamatrix, Panvo Organics Pvt Ltd., Primex Ehf, Qingdao Yunzhou Biochemistry Co., Ltd., Dainichiseika Color & Chemicals Mfg, Meron Biopolymers, KIMICA Corporation, Kraeber & Co. GmbH, Axio Biosolutions, Marshall Marine Products, PT Biotech Surindo, Xianju Tengwang Chitosan Factory, and Biophrame Technologies. Technological advancements are a key trend gaining popularity in the chitosan market. The key players in the chitosan market are developing innovative technologies or products for specific applications such as film packaging, skin tissue engineering, pharmaceutical drugs, and others. For instance, in March 2020, Bioavanta-Bosti, a pioneer in chitosan nanoparticle research, announced the launch of Novochizol, a unique polysaccharide nanotechnology that is used for formulating aerosol anti-COVID-19 drugs. It is used to deliver any potential anti-COVID-19 drug to the lungs of seriously ill patients. In August 2021, Checkpoint Surgical Inc., a US-based medical device company, acquired all the assets of Monarch Bioimplants GmbH for an undisclosed amount. The acquisition strengthens Monarch’s vision to improve its expertise in peripheral nerve repair. Monarch Bioimplants GmbH is a Switzerland-based biomedical start-up that is involved in the development of a revolutionary chitosan membrane that supports the healing process of damaged peripheral nerves. Monarch’s biosynthetic peripheral nerve regeneration technology, NeuroShield, is designed from naturally occurring chitosan, which is used in various medical applications worldwide. Asia-Pacific was the largest region in the chitosan market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the chitosan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the chitosan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The chitosan market consists of sales of various forms of chitosan, such as nanoparticles, nanofibers, and chitosan beads. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chitosan market research report is one of a series of new reports from The Business Research Company that provides chitosan market statistics, including the global chitosan industry global market size, regional shares, competitors with a chitosan market share, detailed chitosan market segments, market trends and opportunities, and any further data you may need to thrive in the chitosan industry. This chitosan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.