The global argan oil market is anticipated to grow at a 19.6% CAGR in terms of volume, over the forecast period (2016-2024). It had a worldwide demand amounting to 3 kilotons (KT) in 2015.
The growing awareness about sustainability in the general populace, the depleting sources of oil and petroleum and the ever increasing demand for PET products has largely escalated the demand for a bio based PET variant
Global activated carbon market is expected to experience considerable growth over the forecast period owing to increasing application in major end-use industries including pharmaceuticals, water treatment, and food & beverages processing.
Fluorochemicals market is categorized into fluorocarbons, fluoropolymers and inorganics. These products are majorly used in refrigeration, aluminum production and industrial coatings. Fluorochemicals are majorly used in HCFC, CFC, and HFC refrigerants in household and industrial applications. Growing refrigerants demand is expected to be major driver for the market over the next six years. Increasing demand for light material in automotive coupled with fuel efficiency by using aluminum in automotive vehicles have increased aluminum production Increased aluminum production is expected to augment inorganic fluorochemicals market growth over the forecast period.
Chromium phosphate has been witnessing strong growth on account of increasing demand for coating materials from major end-use industries. Increasing application scope of chromium phosphate in medical sector is anticipated to drive the market over the next six years. Furthermore, growing medical sector across the world is anticipated to boost the demand for chromium phosphate over the forecast period.