As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …
Monthly Archives: April 2022
Automotive Composites Market to Surpass US$ 12 Bn by 2029 | SGL Carbon SE, Solvay Group (Cytec Solvay Group
Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of automotive composites market. The global automotive …
Bag-in-Box Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics
Among various industries using bag-in-box packaging solutions, the beverage sector has emerged dominant. According to a study by Future Market Insights, the beverages sector is expected to account for over 65% of sales in bag-in-box market. Within the beverages industry, the wine segment holds the largest share.Using bag-in-boxes for packaging wines are particularly handy when it comes …
Demand of Automotive Camshaft Market is projected to reach a valuation of US$ 4,462.2 Mn by the end of 2031
In a new study on the automotive camshaft market, analysts at Future Market Insights predict a 4.5% growth rate in terms of value for automotive camshafts in the coming decade. The global automotive camshaft market is projected to reach a valuation of US$ 4,462.2 Mn by the end of 2031, up from an estimated US$ …
Emission Control Catalyst Market is projected to rise at above 10% CAGR during 2021-2031
According to ESOMAR-certified consulting firm Future Market Insights’ (FMI), the global emission control catalyst market is projected to rise at above 10% CAGR, surpassing the market valuation of US$ 20.06 Bn during the forecast period 2021-2031. As per Future Market Insights (FMI) analysis, the global emission control catalyst market is anticipated to expand at a 6.50% compound annual growth rate (CAGR) during …
Growth of Electric Boats Market is projected to exhibit a growth rate of 11.0% by the end of 2028
The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by …
Demand of Hydrostatic Transmission Market is estimated at a CAGR value of over 5.9% during 2021-2031
On the backdrop of growing power transmission requirements in off road vehicles and material handling systems, Future Market Insights projects a promising growth outlook for the global hydrostatic transmission market for the next decade estimated at a CAGR value of over 5.9% during 2021-2031. By capacity, in terms of value, medium duty segment will continue to …
Growth of Automotive Sensors Market sales at 7.2% CAGR throughout the forecast period from 2021 to 2031
The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic. NXP Semiconductors N.V., …
Phospholipids Market Current Demand and Trends, Growth, New Opportunity Assessment till 2032
The global phospholipids market is projected to reach a valuation of US$ 3,037.1 Mn in 2022. Increasing application of phospholipids in the cosmetics sector due to rise in demand for natural phospholipids is expected to propel the sales at 7.6% CAGR, enabling the market reach a valuation of US$ 6,292.0 Mn in 2032. Rising demand for natural phospholipids to be used in …
N – Methyl Pyrrolidone Market to Grow by 4.7% amid Rapid Industrialization Recorded Worldwide
The global N – Methyl Pyrrolidone market is estimated to expand at 4.7% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. Electronics, petrochemicals and plastics/polymers, agrochemicals, and paints and coatings are among key end-use industries in the NMP market. With the right plan in place, top NMP manufacturers …