Chemistry

• The Biomaterial market over the forecast period of 2016-2021 market for biomaterials is likely to predict to USD70.90 Billion in 2012 and is steady to grow at a CAGR of 16.0% from 2016 to 2021 to reach USD149.17 Billion by 2021.
• Lithium-sulphur batteries could have five times the energy density of the lithium-ion batteries used in smartphones and other electronics.
• Supercapacitors are able to store comparatively large amounts of power and could play an important role in making renewable energy sources practical for widespread deployment.
• The Flow Chemistry market is estimated at $49.48 million in 2013 and expected to reach $154.19 million by 2023 growing at CAGR of 12.68%.
• The global market for catalysts is expected to reach $28.5 billion by 2020, growing at a CAGR of over 3%.
• Even accounting for ongoing developments in battery chemistry, cobalt demand for electric vehicles is expected to be between 10 and 25 times higher than current levels by 2030.
• Combinatorial chemistry has increased the entry of novel biopharmaceuticals in the market which will contribute to this segment's growth over the next four years.
• Lithium-ion will be the standard chemistry in electric cars in the coming years.
• Analysts forecast the global biocatalysis market to grow at a rate of 6.39% a year during the period 2017-2021.
• Shifting patterns in party identification combined with developments over the last year or so threaten to fundamentally change the chemistry of American politics.
• IBM researchers have developed a program that can predict the products of organic chemistry reactions.
• Market share of Rest of the World is projected to increase in the flow chemistry market in the next few years.
• The North American market for green chemistry (the area of chemical engineering focused on minimizing the use of hazardous chemicals) is projected to grow from $3 billion in 2015 to over $20 billion by 2020.
• Chemistry and materials science are the first target for quantum computing because the technology could offer a way to model the interactions of atoms at completely new levels of complexity.
• Lead acid battery chemistry is expected to be the fastest-growing chemistry segment of the global Battery Recycling Market.
• New chemistries like Lockheed Martin's metal complex chemistry, planned to debut in 2018, could make flow batteries competitive vs. Li-ion batteries in the highly competitive 4-hour duration market, driving down costs of energy storage and opening up new markets.
• In a few years new Quantum computers from IBM, Google and Microsoft will accelerate breakthroughs in chemistry and materials.
• The global market for nano materials was estimated to total $183 million in 2012 and is projected to increase to $622 million in 2017.
• 75% of chemistry and advanced materials strategy officers agree that by 2025 the primary feedstock for chemical production will shift from oil & gas to biobased and recycled materials.
• The global market for energy storage is expected to grow to $25 billion in the next 10 years.
• The European Space Agency has signed a contract to build a prototype drill and chemistry lab that will be flown on a Russian mission to the Moon in 2021.
• Green chemistry will be a $98.5 billion global industry by 2020 as many safer and greener alternatives make their way out of the laboratory and into the market.
• The global market for nanoengineered surfaces was estimated to total $183 million in 2012 and is projected to increase to $622 million in 2017.

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Last updated: 20 July 2019