Development of electric and hybrid vehicles is one of the major factors propelling the cobalt sulfate market. Rise in use of Li-ion batteries in vehicles is also augmenting the cobalt sulfate market.

Increase in exploration and production activities. Some of the hotbeds include the Mediterranean region and Latin America where sizeable discoveries have been made over the past year.

According to a new study by TMR, the global sales of omega 3 ingredients are estimated to surpass revenues worth US$ 4,900 mn in 2019.

The global arak market stood at US$20.8 mn in 2016 and is projected to reach a valuation of US$27.6 million by 2024 end. The global market is prognosticated to clock a CAGR of 3.6% during the forecast period of 2016–2024.

Based on type, the Emollient Esters Market can be segregated into caprylic/capric triglyceride, isopropyl myristate, myristyl myristate, cetyl palmitate, and C12-15 alkyl benzoate, Europe holds the major market share in terms of volume and value