Chemicals & Materials

The global menthoxypropanediol market is set to grow from USD 235.5 million in 2024 to USD 365.1 million by 2033, achieving a CAGR of 5.2%. This growth is driven by the increasing use of menthoxypropanediol in a wide range of industries, particularly in cosmetics & personal care, pharmaceuticals, and food & beverage sectors. Known for its cooling properties and refreshing sensory effects, menthoxypropanediol is extensively used in skin care products, topical pharmaceuticals, and as a flavoring agent in food and beverages. Rising consumer demand for natural and soothing ingredients in personal care products, along with increasing awareness about skin wellness, is propelling the market's expansion. The growing popularity of menthol-based products in topical analgesics and oral care products will further fuel market growth, especially in regions with high consumption of menthol-based formulas like North America, Europe, and Asia.

The Middle East lithium-ion battery solvent market is forecast to grow from USD 20 million in 2025 to USD 82 million by 2033, at an explosive CAGR of 19.1%. This growth is primarily driven by the increasing demand for electric vehicle (EV) batteries, energy storage systems (ESS), and consumer electronics. The market is experiencing a surge in demand for high-performance solvents like ethylene carbonate, dimethyl carbonate, and diethyl carbonate, which are key to ensuring the efficiency and longevity of lithium-ion batteries. The expansion of gigafactories in the Middle East, coupled with the region’s focus on sustainability and green technologies, is expected to drive local solvent production and reduce dependency on imports. This explosive growth is underpinned by the Middle East’s strategic investments in battery manufacturing, as well as the rapid rise in electric mobility and renewable energy storage.

The Middle East lithium carbonate market is set to grow from USD 1,255.7 million in 2024 to USD 3,094.0 million by 2033, with a CAGR of 10.7%. This growth is primarily driven by the expanding demand for lithium-ion and lithium-metal batteries used in electric vehicles (EVs), energy storage systems (ESS), and consumer electronics. With the Middle East positioning itself as a key player in the global battery supply chain, the growing focus on battery-grade lithium carbonate is essential to meet the increasing battery production needs in the region. Governments, especially in Saudi Arabia, UAE, and Oman, are ramping up investments to establish lithium mining and refining capacity, while lithium carbonate demand for technical grade applications continues to support growth in industrial processes such as ceramics and glass production. The shift toward sustainable energy systems and electric mobility in line with Vision 2030 will further accelerate market dynamics, creating opportunities for regional players in the battery manufacturing supply chain.

The U.S. industrial lubricants market is expected to grow from USD 8.05 billion in 2024 to USD 11.13 billion by 2033, at a CAGR of 3.7%. Growth is driven by the increasing demand for high-performance lubricants in sectors like automotive manufacturing, machinery, and industrial equipment. The market is experiencing a significant shift towards bio-based lubricants and high-efficiency greases as industries seek to meet sustainability goals and reduce maintenance costs. The segment is highly diversified, with oils contributing to the largest share, followed by greases, penetrating lubricants, and dry lubricants. The shift towards longer-lasting and higher-performing solutions will continue to drive growth, with a focus on product innovation and technological advancements in lubrication chemistry.

The Europe cosmetic chemicals market is expected to grow from USD 1.16 billion in 2025 to USD 2.38 billion by 2030, expanding at a CAGR of 12.8%. This growth is driven by the rising consumer demand for clean-label, vegan, and bio-based formulations in beauty and personal care products. As European consumers shift towards sustainable, eco-friendly, and cruelty-free products, manufacturers are responding by incorporating plant-derived ingredients, biodegradable emulsifiers, and natural preservatives. The market is also benefiting from stringent EU regulations encouraging the use of non-toxic chemicals in cosmetics, thereby boosting the adoption of natural cosmetic chemicals across skincare, haircare, and makeup products.

The U.S. detergent alcohols market is expected to grow from USD 1.19 billion in 2025 to USD 1.54 billion by 2030, registering a CAGR of 5.2%. This growth is primarily driven by the increasing demand for sustainable and bio-based surfactants in personal care, home care, and industrial applications. As consumers and businesses alike shift towards eco-friendly, biodegradable, and non-toxic formulations, detergent alcohols made from renewable feedstocks such as vegetable oils are gaining traction. Additionally, stringent environmental regulations, coupled with the rise of green consumerism, are influencing manufacturers to adapt by incorporating bio-based detergent alcohols into their products. The transition towards more sustainable and safe cleaning solutions is expected to sustain growth across various product categories, including household detergents, industrial cleaners, and personal care products.

The USA sodium hypochlorite market is projected to grow from USD 698 million in 2025 to USD 798 million by 2033, registering a CAGR of 3.2%. This growth is primarily driven by the rising demand for water treatment and disinfection applications in municipal, industrial, and household sectors. As regulatory standards tighten, particularly for drinking water disinfection, and with a greater focus on environmental safety, the sodium hypochlorite market is benefiting from the shift towards more sustainable water treatment methods. The demand for liquid bleach in cleaning products, food safety, and agriculture also supports steady market expansion.

The Europe battery electrolyte additives market is projected to grow from USD 440 million in 2025 to nearly USD 1 billion by 2033, at a CAGR of 12.7%. The surge is driven by EV adoption mandates, stringent EU emission norms, and rising investment in gigafactories across Germany, France, and Sweden. Additives such as VC (vinylene carbonate), FEC (fluoroethylene carbonate), and LiDFOB are critical for enhancing electrochemical stability, SEI layer formation, and cycle life in lithium-ion batteries. With Europe’s aggressive shift toward net-zero mobility, electrolyte additive innovation is becoming pivotal for improving battery safety, longevity, and low-temperature performance.

The Middle East lithium-ion battery solvent market is expected to grow from USD 20 million in 2025 to USD 82 million by 2033, reflecting an explosive CAGR of 19.1%. Growth is driven by rapid EV fleet expansion, energy storage system (ESS) deployment, and increasing battery manufacturing localization under regional clean energy programs. Solvents like ethylene carbonate, dimethyl carbonate, and diethyl carbonate are witnessing surging demand due to their role in improving electrolyte conductivity and cycle stability. With large-scale battery gigafactories under construction in Saudi Arabia and the UAE, solvent consumption will rise sharply, solidifying the Middle East’s position as a critical supply-chain hub in the global lithium-ion battery ecosystem.