The global essential oils market is projected to reach a value of USD 40.12 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030, according to a recent report by Grand View Research, Inc. A significant factor driving the demand for essential oils is the increasing popularity of aromatherapy, which is rapidly becoming a widely accepted method for...

According to a recent report published by Grand View Research, Inc., the global palm oil market size is projected to reach approximately USD 100.4 billion by the year 2030, growing at a compound annual growth rate (CAGR) of 5.1% between 2024 and 2030. This consistent market growth is primarily attributed to the rising demand for palm oil in food-related applications, as well as the...

The global Drilling Fluids and Chemicals Market is experiencing substantial growth, spurred by increasing oil and gas exploration activities, deeper drilling operations, and the emergence of enhanced drilling technologies. The rising emphasis on wellbore stability, cost optimization, and environmental compliance is creating a favorable landscape for specialized oilfield...

Oleochemicals Industry Overview In 2023, the global oleochemicals market size was valued at an estimated USD 24.42 billion, with projections indicating a growth rate of 7.0% (CAGR) from 2024 to 2030. This positive market outlook is largely attributed to the rising demand for biodegradable products and increasing restrictions on petrochemical-based products. Oleochemicals, which are substances...