A growing beverage packaging industry, government support for adopting bio-based materials, and rising consumer acceptance of bio-plastics are expected to contribute to the growth of the global bio-plastic market over the forecast period. Future Market Insights (FMI), in its latest report titled, “Bio-plastics Market: Global Industry Analysis and Opportunity Assessment”, estimates that the global bio-plastics market …
Monthly Archives: May 2023
Future of Automotive Plastics Market to Reach US$ 45 Billion by 2032: Revolutionizing Vehicle Design and Performance
According to the study at Future Market Insights (FMI), the global automotive plastic market is expected to secure US$ 28.5 Billion in 2022 and reach US$ 45 Billion by 2032. During the forecast period from 2022-2032, the market is likely to display a CAGR of 4.67%. The growth of automotive engineering plastics in the market can be attributed to …
Asia Textile Chemicals Market: Strategies for Growth and Survival in a Competitive Industry
As per the recent Asia textile chemicals market analysis report released by FMI, following a growth of 7.4% during the period covering 2017 to 2022, the present valuation of the overall market has reached nearly US$ 14,200 Million in 2023. The Asia textile chemicals market is expected to develop at a rate of 6% from 2023 to …
Super Absorbent Polymers Market Are Revolutionizing the Agriculture Industry to Reach a USD 16.5 Billion in 2033
The super absorbent polymers market size is predicted to be worth US$ 10.2 Billion in 2023, rising to US$ 16.5 Billion by 2033. The market for super absorbent polymers is expected to grow at a significant CAGR of 5% during the forecast period. The adoption of super absorbent polymers is increasing as a result of an older …
Emerging Markets for Thermal Insulation Material: Opportunities and Challenges
Increasing demand from the construction and automotive industries for temperature control and energy efficiency is expected to fuel the demand for thermal insulation material. According to a new study by Future Market Insights (FMI), the market for thermal insulation material is set to rise steadily with a CAGR of over 4% through the end of the projection …
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Role of Membrane Chemicals in Water and Wastewater Treatment: Market Growth Projections and Key Drivers
The membrane chemicals market is predicted to grow from US$ 2.2 Bn in 2023 to US$ 3.9 Bn by 2033. The market for membrane chemicals is projected to record a CAGR of 6.1% from 2023 to 2033. One of the main factors fueling the expansion of the market is the rising demand from end users for water treatment chemicals. Physical purification …
Exploring the Applications of Argon Gas in Metal Production & Processing: A Market Overview
The global argon gas market is estimated to reach US$ 372.2 Mn by 2032, with demand growing at a 5.4 % CAGR over the forecast period. Argon is extensively used in the healthcare sector for various applications. It has targeting areas with high precision capabilities making its effective for diabetic patients in retinal detachment and …
Rising Demand for Polymer Fillers in Plastics Industry: Trends and Growth Opportunities
In 2021, the market for polymer fillers had a value of $33.4 billion. Sales will increase by 4.5% CAGR to US$34.7 billion in 2022. The market is anticipated to be driven by rising demand for polymer fillers in plastics, which are widely employed in numerous end-use industries. In light of this, the market valuation by …
Understanding the Global N-Propanol Market: Trends and Forecast
According to Future Market Insights, the global N-Propanol Market Size is expected to grow from US$ 308.6 Mn in 2022 to US$ 420.6 Mn by 2032, with overall demand surging at 3.1% CAGR throughout the forecast period. Rising demand for paints, coatings, pharmaceuticals, etc. across the world is a key factor expected to drive the …
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Mining Explosives Consumables Market to Register Highest CAGR of 5.5% through 2032
The global mining explosives consumables market is anticipated to expand at a CAGR of 5.5% during the forecast period, finds Future Market Insights (FMI) in a recent analysis. Growing focus to reduce consumption of industrial explosives in mining of iron ore, coal, and other minerals is expected to remain a key growth driver for the …