The refrigeration oil market is projected to reach USD 1,243.6 Million by 2022, growing at a CAGR of 4.3% from USD 1,005.2 Million in 2017. Emerging economies are witnessing rapid urbanization along with a rise in disposable income. The consequent rise in the standard of living and growing consumption of convenience/packaged food products, coupled with the mass adoption of vaccines and drugs will drive the demand for refrigerators, freezers, air conditioners, and automobile HVAC systems. This will fuel the demand for refrigeration oil, ultimately driving the refrigerator oil market.
The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies.
The global engineered foam market is projected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. The growing demand of engineered foam in aerospace & defense, transportation, medical & healthcare, and others with a high degree of customization to meet their application demand are some of the end-use industries driving the global engineered foam market.
The Flow Chemistry market is driven by rising demand in sustainable equipments, energy savings devices as well by safe and flexible processes. The continuous demand for flow devices caters to wide range of applications in the chemicals and pharmaceuticals industries. The market is estimated at $709.85 million in 2012 and expected to reach $1,216.1 million by 2018 growing at CAGR of 9.4%.