As per a study by Future Market Insights (FMI), the global retread tire market size to grow at 4.7% CAGR through 2031. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Retread tires, also known as remold tires, are a cost-effective and sustainable alternative …
Monthly Archives: March 2023
MENA POU Water Purifiers Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
The POU Water Purifiers is projected to have a CAGR of 7.5% through 2032 and POU water purifier market size is anticipated to be US$ 50.63 billion by 2032. A residential water filtration system includes portable water purifiers, point of entry (POE), and point of use (POU) filters. Additionally, POU water purifiers are in high demand among customers in the …
Down and Feather Market is Expected to Reach at a USD 16,175.3 Million by 2033 | FMI
Sales of down and feather products is estimated at ~USD 7,567.3 Million in 2023 and is projected to reach ~USD 16,175.3 Million by 2033, at a CAGR of 7.9% from 2023 to 2033. Share of down and feather market in its parent market (bedding products market is ~30%-35 %.) Consumers are increasingly choosing sustainable and environment-friendly products, which has led to …
Polymer Seals Market to Witness Steady Growth with Projected Valuation of US$ 18.7 billion by 2032
The global polymer seals market is expected to be worth US$ 11.3 billion by 2022. Future Market Insights (FMI) forecasts a 5.1% CAGR to drive market acceleration from 2022 to 2032. Polymer seals have numerous applications in the global oil and gas, aviation, aerospace, and automobile industries. Polymer seals have advantages over other sealants in …
Global Diamond Core Drilling Market Set to Expand at a CAGR of 6.3% from 2023 to 2033: Trends, Drivers, and Competitive Landscape
The global diamond core drilling market is expected to grow at a CAGR of 6.3% during the forecast period. The market is expected to be worth US$ 2 billion in 2023 and US$ 3.7 billion by 2033. The primary market driver is thought to be an increase in construction activities as a result of population …
Global Industrial Robot Controllers Market Expected to Reach US$ 1,657.1 Million: Growth Factors, Trends, and Forecast 2022 to 2029
The global industrial robot controller market is expected to grow at an 8.9% CAGR between 2022 and 2029, according to Future Market Insights (FMI). According to the findings of the report, the global commercial robot controller market will grow significantly over the forecast period, propelled by increased adoption of Human device interaction (HMI), records & …
Calcium Bromide-Market is Projected To Reach US$ 8.8 Billion By 2032
Calcium bromide also finds application as an oxidizer for controlling mercury emissions in the power industry. Further, calcium bromide also finds applications in neuroses medication, hydraulic fluids in automotive suspension, brominated flame retardants, in photography for making dry plates and light-sensitive papers, and as mercury emission controls. Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is …
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Picric Acid Market Is Expected To Reach US$ 80.6 Billion By 2032, At A CAGR 8%
Picric acid is an organic aromatic compound belonging to the family of organic nitro compounds. Picric acid is also known as 2,4,6 tri nitrophenol or TNP. Picric acid is one of the most acidic phenols. Picric acid is explosive in nature similar to other highly nitrated compounds. Picric acid is synthesized by reacting anhydrous phenol with fuming …
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Methyl Oleate Market Is Expected To Reach US$ 2.45 Billion By 2032
The global chemical industry is expanding quickly, which is driving up demand for methyl oleate. The value of the global market for methyl oleate was predicted to reach approximately US$ 1.8 billion in 2022. While methyl oleate is increasingly used in a variety of products, including agrochemicals, lubricants, plasticizers, and cosmetics, it is expected that global …
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Increasing Consumption of Flatware from Hospitality Industry is Driving the Growth of Flatware Holders and Organizers Market
Improving living standards in developing economies has contributed to higher spending on home decor products such as crockery, which led to the growing demand for flatware holders and organizers. Furthermore, as the worldwide population grows and the nuclear family pattern catches on more strongly, the rise is fuelled further. The growing preference of people for modular kitchen …