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Showing posts from August, 2024

Oleochemicals Category Overview

Oleochemicals Category Overview The global oleochemicals market size is expected to reach USD 39.08 billion by 2030, expanding at 6.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand in the global markets for biopolymers. The global oleochemical industry remains robust and is largely dependent on the movement of application markets. Personal care and cosmetics take up a majority share of the market on a global scale due to increasing consumer awareness about the benefits of using personal care products and increased expenditure on cosmetic products. Seeking the opportunity, globally, several multinational brands have emerged with premium cosmetic and personal care products to capture a significant share of the market. Additionally, the fluctuating petrochemical prices are one of the major factors driving the shift in the trend toward sustainable chemicals. Moreover, the consumption of oleochemicals is ...

Chemical Management Services Procurement Intelligence To Grow Substantially At A CAGR Of 5.4% Till 2030

Chemical Management Services Procurement Intelligence The chemical management services category is expected to grow at a CAGR of 5.4% from 2023 to 2030, mainly driven by the rising demand as well as the CaaS model's convenience. Additionally, this method aids in lowering the consumption of hazardous chemicals by utilizing them more effectively. The increasing pressure on businesses to follow safety and environmental laws as well as the desire to save costs and boost productivity is further enhancing the growth. It entails contracting with outside organizations to purchase, store, and dispose of chemicals, which enables businesses to better manage their inventory. The increasing number of environmental regulations that help companies manage their waste streams more skilfully benefits the providers. The key technologies used are barcoding and labelling systems and software for managing chemical inventories. Using inventory management software, PPG Industries keeps track of its chem...