The global toys market size is expected to experience significant growth by reaching USD 212.49 billion in 2027 while exhibiting a CAGR of 7.3% between 2020 and 2027. The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market.
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The global wood coatings market size is expected to reach USD 12,323.2 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. The dramatic drop in oil prices has added to the high cost of raw materials that are dependent on petrochemicals, thus impeding the market growth. Thirty per cent of the cost of raw materials is indirectly tied to the price of oil.
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The global butanes market size is expected to reach USD 74.53 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. The market size stood at USD 59.85 billion in 2019. The market in Europe is expected to hold the largest share in the global market during the forecast period owing to the supply of natural gas in the region.
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The global polymer foam market size is likely to rise remarkably in the forecast period on account of increasing demand for polymer foams from the building and construction sector. Fortune Business Insights provides a detailed analysis of the market. According to the report, the polymer foam market is anticipated to reach USD 154.08 billion by 2026 from USD 110.85 billion in 2018 with a CAGR of 4.28%, within the forecast period of 2019 to 2026.
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The global aroma chemicals market size is projected to reach USD 6,968.3 million by 2028. As the demand for natural ingredients is increasing, various manufacturers are trying to create novel technologies to prevent environmental damage or pollution. For instance, Privi Speciality Chemicals Limited utilizes agrochemicals from by-products and high-value aroma chemicals from Crude Sulphate
Turpentine (CST) to improve eco-friendly operations and reduce emissions.
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