Principal Consultant
Saurabh Bidwai is a senior research analyst at Precedence Research, bringing a strong blend of technical expertise and strategic market intelligence to complex, multi-industry research engagements. With a B.Tech in Chemical Engineering and over four years of experience, he is particularly recognized for his expertise in the machinery & equipment and chemicals & materials sectors.
Saurabh specializes in analyzing capital-intensive industries characterized by evolving technologies, regulatory shifts, and global supply chain dynamics. In the Chemicals & Materials domain, he evaluates product innovation, raw material trends, sustainability transitions, and downstream application developments. Within Machinery & Equipment, he focuses on industrial automation, manufacturing advancements, equipment modernization, and demand forecasting across end-use industries.
He is known for translating intricate technical concepts and large datasets into clear, actionable strategic narratives. His structured, data-driven approach enables global clients to assess competitive positioning, identify emerging opportunities, and anticipate market disruptions with confidence. By combining engineering fundamentals with commercial insight, Saurabh consistently delivers forward-looking intelligence that supports informed decision-making and long-term growth strategies.
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The iron casting market is forecasted to expand from USD 134.50 billion in 2026 to USD 256.37 billion by 2035, growing at a CAGR of 7.43% from 2026 to 2035. The iron casting market is a strategically important part of the metal casting industry, serving automotive, industrial machinery, construction equipment, agriculture, infrastructure, water management, power generation, and other heavy-duty applications. The market is shaped by demand for gray iron, ductile iron, malleable iron, and specialty castings, while electrification is changing the composition of automotive demand and infrastructure modernization is supporting opportunities in pipes, fittings, pumps, valves, and other long-life components.
The global acesulfame potassium market is forecasted to expand from USD 510.19 million in 2026 to USD 835.26 million by 2035, growing at a CAGR of5.63% from 2026 to 2035. Ace-K, which is approximately 200 times sweeter than sucrose, continues to benefit from sugar-reduction and reformulation trends across beverages, confectionery, dairy, bakery, sports nutrition, pharmaceuticals, and oral-care products. Powder remains the dominant form, while food-grade Ace-K accounts for the majority of consumption and pharmaceutical-grade products offer higher-value specialty opportunities.
The glass filled nylon market is forecasted to expand from USD 12.20 billion in 2026 to USD 18.66 billion by 2035, growing at a CAGR of 4.83% from 2026 to 2035. The glassfilled nylon market is expanding as demand for highperformance plastics rises across the automotive, electronics, industrial, and consumer sectors. Vidyesh Swar noted that glass fiber offers nylon’s strength, toughness, dimensional stability, and thermal performance, supporting durable, lightweight applications. The growing focus on vehicle lightweighting, fuel efficiency, electrification, and demand for advanced components further drives adoption.
The rare earth magnets market is forecasted to expand from USD 24.50 billion in 2026 to USD 45.05 billion by 2035, growing at a CAGR of 7% from 2026 to 2035. Investment by various governments to localize their supply chains, growing demand from electric vehicle traction motors and industrial motors, and rapid adoption in next-generation applications are benefiting the market. Vidyesh Swar, our Senior Research Analyst, has over 5 years of experience in the chemical and materials industry. According to him, the ability to develop indigenous end-to-end supply chains and manufacturing competitive products in terms of cost and performance will be a significant factor alongside the availability of ore.
The fire protection materials market is forecasted to expand from USD 7.62 billion in 2026 to USD 16.42 billion by 2035, growing at a CAGR of 8.9% from 2026 to 2035. The expansion of multiple industries, including oil and gas, manufacturing, and residential buildings, increases the demand for fire safety protocols and fire protection materials. Several regulatory authorities have imposed stringent regulations on fire safety. Vidyesh Swar, who has over 5 years of experience in the Chemicals and Materials sector, found that the development of innovative materials, rapid adoption of sustainable chemistry principles, and expanding applications of fire protection materials for electric vehicles and hydrogen infrastructure.
The primary driving factor for the EV battery cell and pack materials market is the rising need for higher energy density, lower charging times, and even extended driving ranges, which drives advanced material innovation. The EV battery cell and pack materials market is forecasted to expand from USD 21.95 billion in 2026 to USD 75.44 billion by 2035, growing at a CAGR of 14.70% from 2026 to 2035. This market is basically driven by global EV adoption, which continues to climb past major milestones, fueled by user acceptance and mandatory fleet transitions. Every manufactured vehicle unit creates a compounding need for cathodes, anodes, electrolytes, along with separators. The rapid pivot toward lower-cost lithium iron phosphate battery (LFPB) formulations raises overall volume demand despite lower raw material costs.
The Latin America critical minerals market is forecasted to expand from USD 195.85 billion in 2026 to USD 335.12 billion by 2035, growing at a CAGR of 6.15% from 2026 to 2035. The development of regional economies, growing awareness regarding the integration of supply chains, and the growing demand for various critical minerals from next-generation technological applications are benefiting the market. Vidyesh Swar, our Senior Research Analyst, has over five years of experience in the chemical and materials industry. According to him, the expansion of mining activities still presents significant growth opportunities for countries with unexplored natural resources, but the development of regional refining and processing capabilities will help them capture more economic value in the long-term.
The primary driving factor for the polysorbate market is the expansion of applications in the food, pharmaceutical, and personal care industries. The polysorbate market is forecasted to expand from USD 1045.50 million in 2026 to USD 1588.86 million by 2035, growing at a CAGR of 4.76% from 2026 to 2035. The market is driven by rising production of monoclonal antibodies and complex injectable drugs that rely on polysorbates, such as PS20 and PS80, to prevent protein aggregation and degradation. Further, growth in convenience and bakery foods drives the need for shelf-stable dairy and dessert stabilizers.
The industrial biomanufacturing market is forecasted to expand from USD 2.04 billion in 2026 to USD 4.39 billion by 2035, growing at a CAGR of 8.91% from 2026 to 2035. The advancement in synthetic biology-enabled manufacturing techniques, waste commercialization, bio-based polymers, specialty ingredients, and carbon-based manufacturing is benefiting the market. Vidyesh Swar, our Senior Research Analyst, has over five years of experience in the chemical and materials industry. According to him, the development of novel carbon-based manufacturing methods is helping companies move away from predominantly fossil-based production operations, thus helping them march towards their sustainability goals and decreasing their reliance on imports of fossil fuels.
Expanding at a CAGR of 7.9% during the forecast period, the accumulation of plastic waste, stricter recycling legislation, growing recycled-content demand requirements, and increased demand for circular material supply chains are transforming the plastic recycling market. Vidyesh Swar brings combined environmental science and sustainability analysis experience of more than 5 years, and plastic recycling is moving into a more technology-driven era. He interpreted that the use of conventional mechanical recycling process technology is being replaced by advanced sorting technology, chemical recycling, and high-quality recycled polymers, which is one of the market trends. Moreover, more investments in recycling resources and recycling systems are likely to continue to drive growth in Asia-Pacific. The plastic recycling market is forecasted to expand from USD 80.93 billion in 2026 to USD 160.43 billion by 2035, growing at a CAGR of 7.9% from 2026 to 2035.
Vidyesh Swar has more than 5 years of experience focusing on the chemical and industrial materials sector. He says the ethylene dichloride sector is at a new stage of increasing capacity development and also incorporating findings into supply chains. Ethylene dichloride is a key intermediate in the industry. the ethylene dichloride market is forecasted to expand from USD 37.91 billion in 2026 to USD 50.08 billion by 2035, growing at a CAGR of 3.14% from 2026 to 2035. Ethylene dichloride will continue to play a vital role in the global chemicals industry, as demand for PVC-based construction materials and the continued investment in integrated chlor-alkali/vinyl production complexes grows. The global ethylene dichloride market is expected to grow at a CAGR of 24.98% throughout the forecast period.
The global gas mixtures market size accounted for USD 31.13 billion in 2026 and is predicted to increase from USD 31.13 billion in 2026 to approximately USD 44.89 billion by 2035, expanding at a CAGR of 4.15% from 2026 to 2035.
The global polyoxymethylene (POM) market size accounted for USD 4.05 billion in 2026 and is predicted to increase from USD 4.05 billion in 2026 to approximately USD 6.04 billion by 2035, expanding at a CAGR of 4.55% from 2026 to 2035.
The global high-speed separators market size is predicted to increase from USD 129.25 million in 2026 to approximately USD 201.89 million by 2035, expanding at a CAGR of 5.08% from 2026 to 2035.
The Asia Pacific electroplating market size was evaluated at USD 7.02 billion in 2026 and is expected to grow around USD 11.35 billion by 2035, registering a CAGR of 5.48% from 2026 to 2035. The market is driven by industrial growth, increasing electronics production, and rising automotive manufacturing in major economies like China, India, Japan, and South Korea.
The global data center plastics market size accounted for USD 1.50 billion in 2025 and is predicted to increase from USD 1.72 billion in 2026 to approximately USD 5.84 billion by 2035, expanding at a CAGR of 14.55% from 2026 to 2035. The market is expanding due to the adoption of high-performance engineering plastics in next-generation digital infrastructures.
The Asia pacific magnetic beads market size was evaluated at USD 3.63 billion in 2025 and is expected to grow around USD 6.95 billion by 2035, registering a CAGR of 7.48% from 2026 to 2035. The market is mainly fueled by the growth of biotechnology infrastructure, molecular diagnostics, and government funding in life sciences in countries such as China, India, and Japan.
The global terpene market size accounted for USD 1.48 billion in 2025 and is predicted to increase from USD 1.59 billion in 2026 to approximately USD 2.95 billion by 2035, expanding at a CAGR of 7.14% from 2026 to 2035. The market is driven by the surging need for natural, plant-based ingredients in cosmetics, food, and pharmaceuticals.
The global hexanal market size accounted for USD 235.00 billion in 2025 and is predicted to increase from USD 248.63 billion in 2026 to approximately USD 412.98 billion by 2035, expanding at a CAGR of 5.80% from 2026 to 2035. The market is driven by the surging user and commercial demand for natural flavors and fragrances.
The global cubeb oil market size accounted for USD 68.00 billion in 2025 and is predicted to increase from USD 72.15 billion in 2026 to approximately USD 122.93 billion by 2035, expanding at a CAGR of 6.10% from 2026 to 2035. The growing consumer preference for natural ingredients, rising demand for plant-based wellness products, and increasing adoption of botanical extracts in cosmetics and nutraceuticals are driving market expansion.
The global pentafluorophenol market size accounted for USD 82.00 billion in 2025 and is predicted to increase from USD 87.58 billion in 2026 to approximately USD 158.34 billion by 2035, expanding at a CAGR of 6.80% from 2026 to 2035. The market is driven by the rising need for efficient activating reagents in peptide synthesis and protein-polymer bioconjugations.
The global malonic acid market size accounted for USD 168.00 million in 2025 and is predicted to increase from USD 178.75 million in 2026 to approximately USD 312.40 million by 2035, expanding at a CAGR of 6.40% from 2026 to 2035. The increasing use of malonic acid in the pharmaceutical, agricultural, and cosmetic industries is a key growth factor for the market.
The global stannooxalate market size accounted for USD 115.00 million in 2025 and is predicted to increase from USD 120.98 billion in 2026 to approximately USD 190.92 million by 2035, expanding at a CAGR of 5.20% from 2026 to 2035. This market is witnessing robust growth due to increasing global demand for sustainable, high-purity inorganic tin catalysts in eco-friendly esterification processes. This is further supported by innovations in battery research, specialized polymers, and formulation technologies extending from textile production to oral care.
The global persulfates market size accounted for USD 1.12 billion in 2025 and is predicted to increase from USD 1.18 billion in 2026 to approximately USD 1.92 billion by 2035, expanding at a CAGR of 5.80% from 2026 to 2035. The market growth is attributed to rising demand for specialty oxidizing agents across polymer manufacturing, semiconductor processing, water treatment, and environmental remediation applications.
The global 2-methoxy-2-methylheptane market size accounted for USD 82.00 million in 2025 and is predicted to increase from USD 86.00 million in 2026 to approximately USD 132.10 million by 2035, expanding at a CAGR of 4.90% from 2026 to 2035. The growing demand for ether and eco-friendly adoption in key sectors is expanding the market.
The global citronellol market size accounted for USD 1.50 billion in 2025 and is predicted to increase from USD 1.58 billion in 2026 to approximately USD 2.54 billion by 2035, expanding at a CAGR of 5.20% from 2026 to 2035. The market is driven by the rapidly increasing consumer preference for natural, plant-driven ingredients in personal care and cosmetics.
The global cesium market size accounted for USD 420.00 billion in 2025 and is predicted to increase from USD 446.00 billion in 2026 to approximately USD 758.00 billion by 2035, expanding at a CAGR of 6.30% from 2026 to 2035. The market is driven by the increasing need for high-density cesium formate brines in the oil and gas industry.
The global ethoxyquin market size was calculated at USD 280.00 million in 2025 and is predicted to increase from USD 293.00 million in 2026 to approximately USD 446.00 million by 2035, expanding at a CAGR of 4.90% from 2026 to 2035. The increasing use of ethoxyquin as an antioxidant preservative in animal feed, fishmeal, and food processing, along with growing demand for shelf-life extension and prevention of lipid oxidation in agricultural and industrial applications, is driving the market.
The global liquid crystal polymer market size accounted for USD 1.82 billion in 2025 and is predicted to increase from USD 1.96 billion in 2026 to approximately USD 3.82 billion by 2035, expanding at a CAGR of 7.90% from 2026 to 2035. The market is driven by technological advancements in material science and the rising demand for high-performance materials in the healthcare, automotive, electronics, and aerospace industries.
The global 1,5-hexadiene market size was calculated at USD 185.00 million in 2025 and is predicted to increase from USD 195.00 million in 2026 to approximately USD 317.00 million by 2035, expanding at a CAGR of 5.80% from 2026 to 2035. The market is driven by the rapid expansion of the industrial sector, increasing production of high-performance elastomers, rising need for high-performance polymers across various industries, and rapid advancements in organometallic chemistry.
The global acid proof lining market size accounted for USD 6.80 billion in 2025 and is predicted to increase from USD 7.15 billion in 2026 to approximately USD 11.18 billion by 2035, expanding at a CAGR of 5.10% from 2026 to 2035. The market is driven by the increasing need for high-performance corrosion protection in coal-fired power station retrofits for Flue Gas Desulfurization (FGD) systems, which are thus necessary to combat the harsh, low-pH (pH 2-4) environments.
The global injection molding market size accounted for USD 335.00 billion in 2025 and is predicted to increase from USD 354.43 billion in 2026 to approximately USD 588.71 billion by 2035, expanding at a CAGR of 5.80% from 2026 to 2035. The market is driven by growing demand for lightweight and cost-efficient plastic components.
The global metal coil lamination market size accounted for USD 5.40 billion in 2025 and is predicted to increase from USD 5.66 billion in 2026 to approximately USD 8.71 billion by 2035, expanding at a CAGR of 4.90% from 2026 to 2035. The increased use of automation in the aerospace and smart appliance industries is a key driver of the market growth.
The global asbestos abatement services market size accounted for USD 4.83 billion in 2025 and is predicted to increase from USD 5.08 billion in 2026 to approximately USD 7.95 billion by 2035, expanding at a CAGR of 5.10% from 2026 to 2035. The asbestos abatement services market is experiencing rapid growth due to increasing demand for asbestos removal from residential, industrial, and commercial buildings. The main aim of the market also involves mitigating health risks and maintaining environmental safety standards.
The global recarbonization in chemicals market size accounted for USD 9.20 billion in 2025 and is predicted to increase from USD 10.91 billion in 2026 to approximately USD 50.66 billion by 2035, expanding at a CAGR of 18.60% from 2026 to 2035. The market is growing due to rising demand for carbon capture and utilization technologies, driven by stricter climate regulations and the push toward sustainable, low-emission chemical production.
The global inorganic scintillators market size accounted for USD 780.00 million in 2025 and is predicted to increase from USD 833.82 million in 2026 to approximately USD 1,520.10 million by 2035, expanding at a CAGR of 6.90% from 2026 to 2035. The inorganic scintillators market is growing due to rising demand in medical imaging, increasing adoption in radiation detection and homeland security, and advancements in high-performance materials for improved sensitivity and accuracy.
The global para-aminophenol market size was calculated at USD 1.80 billion in 2025 and is predicted to increase from USD 1.90 billion in 2026 to approximately USD 3.02 billion by 2035, expanding at a CAGR of 5.30% from 2026 to 2035. The para-aminophenol market is experiencing unprecedented growth, driven by rising demand in pharmaceutical applications, especially for paracetamol production, along with expanding use in dyes, cosmetics, and industrial chemicals.
The global hydrodesulfurization catalyst market size accounted for USD 4.70 billion in 2025 and is predicted to increase from USD 4.97 billion in 2026 to approximately USD 8.26 billion by 2035, expanding at a CAGR of 5.80% from 2026 to 2035. The market is significantly growing due to the strict environmental protection regulations, technological advancements in refineries, and increasing demand for desulfurization of heavy crude oil across the globe.
The global molecular glues market size accounted for USD 2.65 billion in 2025 and is predicted to increase from USD 3.07 billion in 2026 to approximately USD 11.59 billion by 2035, expanding at a CAGR of 15.90% from 2026 to 2035. The market is experiencing unprecedented growth, driven by increasing R&D in targeted protein degradation and rapid advancements in structural biology.
The global cold seal adhesive market size accounted for USD 1.25 billion in 2025 and is predicted to increase from USD 1.32 billion in 2026 to approximately USD 2.18 billion by 2035, expanding at a CAGR of 5.70% from 2026 to 2035. Increasing e-commerce activities, the need to reduce excess packaging waste, and the rising demand for packaged food are key factors driving the market.
The global triple offset butterfly valve market size accounted for USD 3.64 billion in 2025 and is predicted to increase from USD 3.91 billion in 2026 to approximately USD 7.43 billion by 2035, expanding at a CAGR of 7.40% from 2026 to 2035. The triple offset butterfly valve market is observed to grow due to the major focus of the industry on leakage poof solutions to avoid loss and maintain product integrity. The market’s demand is majorly propelled by industries such as oil and chemicals, petroleum, and other similar industries.
The global GaAs wafer market size was calculated at USD 702.15 million in 2025 and is predicted to increase from USD 775.88 million in 2026 to approximately USD 1905.69 million by 2035, expanding at a CAGR of 10.50% from 2026 to 2035. This market is growing due to increasing demand for high-frequency and high-speed electronic devices in the telecommunications and aerospace industries.
The global oil and gas defoaming separator market size was calculated at USD 7.96 billion in 2025 and is predicted to increase from USD 8.44 billion in 2026 to approximately USD 14.26 billion by 2035, expanding at a CAGR of 6.00% from 2026 to 2035. This market is growing due to rising exploration and production activities, increasing demand for efficient fluid separation technologies, and the need to enhance operational efficiency in upstream and midstream operations.
The global industrial fine grinding mills market size was calculated at USD 1.62 billion in 2025 and is predicted to increase from USD 1.72 billion in 2026 to approximately USD 2.91 billion by 2035, expanding at a CAGR of 6.03% from 2026 to 2035.The industrial fine grinding mills market is observed to expand rapidly due to the growth of certain industries such as mining, construction, chemical, and pharmaceutical. Technological advancements helpful to deliver quality materials, along with maintaining energy efficiency and enhanced precision, also help to fuel the growth of the market.
The global sporicidal and sterilant chemicals market size was calculated at USD 1.84 billion in 2025 and is predicted to increase from USD 1.95 billion in 2026 to approximately USD 3.34 billion by 2035, expanding at a CAGR of 6.13% from 2026 to 2035. The market growth is attributed to rising healthcare-associated infection prevention initiatives and the adoption of advanced sporicidal and chemical sterilization technologies.
The global splicing tape market size was calculated at USD 1.88 billion in 2025 and is predicted to increase from USD 1.99 billion in 2026 to approximately USD 3.29 billion by 2035, expanding at a CAGR of 5.74% from 2026 to 2035. The market comprises high-quality, pressure-sensitive adhesive tape used in manufacturing to bond the ends of two material webs, such as paper, film, foil, or fabric. The market is driven by rapid growth in the packaging industry, the expansion of the paper and printing sector, and an increasing demand for automated manufacturing processes.
The global MXene market size was calculated at USD 36.50 billion in 2025 and is predicted to increase from USD 46.32 billion in 2026 to approximately USD 395.28 billion by 2035, expanding at a CAGR of 26.90% from 2026 to 2035. The market is driven by rising demand for advanced 2D nanomaterials in energy storage and the demand for next‑generation electronics.
The global colloidal silver market size was calculated at USD 1.60 billion in 2025 and is predicted to increase from USD 1.73 billion in 2026 to approximately USD 3.52 billion by 2035, expanding at a CAGR of 8.20% from 2026 to 2035. The colloidal silver market is expected to experience significant growth due to its high demand in various domains, including wound care, healthcare, beauty products, and industrial applications. Higher demand for nanotechnology applications, along with dietary and antimicrobial purposes, also helps to fuel the growth of the market.
The global coal bed methane market size was calculated at USD 19.00 billion in 2025 and is predicted to increase from USD 20.23 billion in 2026 to approximately USD 35.50 billion by 2035, expanding at a CAGR of 6.45% from 2026 to 2035. The market is growing rapidly, driven by an increasing demand for clean energy solutions. The growing prices of natural gas and innovations in extraction methods have boosted this growth. Furthermore, the role of coalbed methane (CBM) in reducing greenhouse gas emissions bolsters its acceptance across various energy sectors.
The global chemical hydrogen market size was calculated at USD 45.00 billion in 2025 and is predicted to increase from USD 47.70 billion in 2026 to approximately USD 80.59 billion by 2035, expanding at a CAGR of 6.00% from 2026 to 2035. This market is rapidly expanding as industries increase the production and use of hydrogen for clean energy, chemical synthesis, and decarbonization initiatives across sectors like refining, fertilizers, and industrial chemicals.