Chemicals & Materials

The North America precipitated calcium carbonate (PCC) market is set to expand from USD 2.34 billion in 2024 to USD 3.02 billion by 2030, reflecting a CAGR of 4.3%. PCC is widely used across key industries such as paper manufacturing, plastics, paints & coatings, and adhesives & sealants. The market is being driven by the increasing demand for high-performance PCC in applications requiring bright white pigments, improved mechanical properties, and sustainability. The growth of the paper and packaging industry in North America, especially in sustainable packaging solutions, is a key factor contributing to the demand. Additionally, the growing adoption of PCC in plastics for its cost-efficiency and reinforcing properties is supporting market growth. Environmental regulations are also encouraging the use of bio-based and sustainable fillers in various industrial applications, which will further propel the market over the forecast period.

The Middle East lithium-ion battery solvent market is set to experience rapid growth, expanding from USD 20 million in 2025 to USD 82 million by 2033, with an explosive CAGR of 19.1%. This growth is driven by the increasing demand for electric vehicle (EV) batteries, energy storage systems (ESS), and consumer electronics. The rising adoption of lithium-ion batteries across the automotive and renewable energy sectors in countries like Saudi Arabia, UAE, and Oman is expected to propel the market forward. Additionally, the increasing focus on sustainability and green energy is fueling the demand for eco-friendly solvents, especially for EV batteries and large-scale energy storage applications. Innovations in lithium-ion battery technology, coupled with regional initiatives to build battery production infrastructure, are set to further accelerate the demand for high-quality solvents in the region.

The Europe cosmetic preservative market is forecast to grow from USD 502.0 million in 2025 to USD 800 million by 2030, with a CAGR of 5.2%. This growth is driven by increasing demand for preservatives in skincare, haircare, toiletries, and personal care applications, where they are essential for extending product shelf life and preventing microbial contamination. With consumer preferences shifting towards natural and organic ingredients, there is a rising demand for safety, sustainability, and bio-based preservatives. Innovations in preservative formulations to meet regulatory requirements and consumer safety standards will further boost market growth. As cosmetic manufacturers focus on clean beauty trends and eco-friendly solutions, there is an increasing push for preservatives that balance efficacy with mildness. The rise in e-commerce and online sales of cosmetics will also contribute to expanding market dynamics.

The Asia-Pacific calcium hypochlorite market is set to grow from USD 776.5 million in 2024 to USD 1.15 billion by 2030, at a CAGR of 7.6%. This growth is primarily driven by increasing demand for calcium hypochlorite in water treatment, disinfection, and sanitation applications across the region. The compound is widely used for swimming pool disinfection, drinking water purification, and industrial waste treatment. The demand for calcium hypochlorite in bleaching agents for textiles and paper manufacturing is also expected to grow. The expanding population, rising industrialization, and increasing public awareness of sanitation and hygiene are major drivers of growth. Government initiatives to improve clean water access and sanitation infrastructure in developing countries like India, China, and Indonesia are expected to provide a significant boost to the market.

The global coal-based activated carbon market is expected to grow from USD 4.44 billion in 2024 to USD 7.12 billion by 2030, at an 8.2% CAGR. This growth is largely driven by increasing demand for water purification, air filtration, and industrial processing applications. The need for mercury removal in coal-fired power plants and other industrial processes is also a key driver for market expansion. Coal-based activated carbon is widely used in industries requiring high adsorption capacity for volatile organic compounds (VOCs), mercury, and toxic chemicals. The market is supported by stringent environmental regulations, increasing urbanization, and industrial activity, as well as rising awareness about clean water and air quality. Additionally, the market is benefiting from advances in carbon regeneration technologies, improving the economics and sustainability of using coal-based activated carbon in various sectors.

The Asia-Pacific lithium chemicals market is projected to grow from USD 6.50 billion in 2023 to USD 18.99 billion by 2030, at a CAGR of 17.0%. This growth is primarily driven by the increasing demand for lithium chemicals used in battery materials, electric vehicle (EV) manufacturing, energy storage systems (ESS), and cathode production. The region, particularly China, Japan, and South Korea, is at the forefront of EV production and energy storage technologies, creating a substantial demand for lithium compounds such as lithium carbonate and lithium hydroxide. Lithium chemicals are essential for battery performance, particularly in lithium-ion batteries that power EVs and renewable energy storage systems. As governments and private sectors in the region ramp up clean energy and EV infrastructure investments, the market is poised for substantial growth. Additionally, Asia-Pacific is a hub for cathode production, further fueling demand for lithium. The rise of sustainable sourcing and recycling initiatives will also play a pivotal role in the market expansion.

The U.S. isocyanates market is projected to grow from USD 8.62 billion in 2024 to USD 13.41 billion by 2033, at a CAGR of 5.0%. The primary drivers of this growth are the increasing demand for polyurethane foams, coatings, adhesives, and insulation materials across various industries, including construction, automotive, and furniture manufacturing. Polyurethane foams, particularly in building insulation, are expected to be the largest consumer of isocyanates, owing to their energy-efficient properties and widespread use in energy-efficient building materials. The automotive industry will continue to rely on coatings and adhesives, driving demand for isocyanates in automotive manufacturing. Environmental considerations and the move towards sustainable, bio-based isocyanates will shape the market as manufacturers look to reduce the use of volatile organic compounds (VOCs) in their formulations. The growth in infrastructure projects and increased construction activity will further contribute to the rising demand for insulation and coatings.

The magnesium hydroxide market is forecast to grow steadily from USD 1.10 billion in 2025 to USD 1.65 billion by 2030, registering a CAGR of 8.5%. Growth is driven by the increasing demand for magnesium hydroxide in sectors like water treatment, pharmaceuticals, food processing, and flame retardants. The market is segmented into industrial grade, pharmaceutical grade, and food grade magnesium hydroxide. The industrial grade segment will continue to dominate, driven by its application in wastewater treatment, desulfurization, and flame retardancy. Pharmaceutical-grade magnesium hydroxide, commonly used as an antacid and laxative, is expected to grow significantly due to the increasing demand for over-the-counter medications. The food grade segment will also see steady growth as the demand for additives in food products rises. Increasing regulatory focus on environmentally friendly and safe chemicals will further promote market expansion.

The global soil health management market is projected to grow from USD 14.70 billion in 2024 to USD 31.95 billion by 2033, at a CAGR of 9.2%. This growth is driven by the rising demand for organic amendments, soil conditioners, and fertility enhancers to improve soil health and agricultural productivity. As sustainable agriculture practices gain traction, the market is benefiting from an increased adoption of biological solutions that enhance soil fertility, structure, and water retention. The demand for organic fertilizers and bio-based soil treatments is accelerating, particularly in regions with intensive agriculture, where soil degradation is a concern. The growing awareness about soil health and government initiatives supporting sustainable farming are also fueling market expansion.

The global energy storage chemicals market is projected to surge from USD 130 million in 2024 to USD 500.3 million by 2033, reflecting a robust CAGR of 16.3%. Growth is driven by expanding battery-based energy storage in electric vehicles, renewables, and grid stabilization. Lithium-ion batteries dominate due to high energy density and innovation, while sodium-ion batteries are gaining traction for large-scale, cost-effective solutions. Hydrogen fuel technology is set for increased demand, especially in long-duration storage. The sector’s expansion is further supported by governmental incentives, corporate investments, and R&D efforts, all of which are essential for achieving energy independence, carbon neutrality, and reliable grid systems worldwide.