The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Million by the end of 2022. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032. It is …
Monthly Archives: October 2023
Hydrophobic Coatings Market Poised for Robust Growth: Forecasted CAGR of 5.5% Anticipates Market Valuation of US$ 3.42 billion by 2032
The global Hydrophobic Coatings Market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Billion in 2022. The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Billion by the year 2032. Products that have industrial coatings are …
Global Staple Acrylic Fiber Market Expected to Soar to US$ 4,230.9 Million by 2032, Driven by Robust Textile Industry Demand: FMI Report
The global Staple Acrylic Fiber Market is expected to grow from US$ 2,964.4 Million in 2022 to US$ 4,230.9 Million by 2032. FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the …
North America Nutraceutical Packaging Market Reaches US$ 995.8 Million in 2022, Driven by Growing Health and Fitness Awareness
The North American nutraceutical packaging market reached a value of US$ 995.8 million in 2022, with a growing trend towards health and fitness awareness fueling demand. In Europe, the market was even more substantial, with a dominant share of US$ 1,461.8 million in 2022, driven by increased consumption of nutritional supplements, a heightened focus on …
Rising Demand for Data-Driven Insights Fuels Advanced Analytics Market Growth, FMI Study
The study, “Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022),” was just published by Future Market Insights (FMI). The analysis predicts that between 2017 and 2022, the global market for advanced analytics will expand at a compound annual growth rate of 5.5%, reaching …
United States UV Stabilized Films Market Surges with a 3.8% CAGR, Projected to Reach US$9.08 Billion by 2033
The United States UV stabilized films market is witnessing substantial growth, primarily driven by increasing demand across various sectors. These films are valued for their exceptional durability and resistance to UV radiation, making them ideal for protective covers, barriers, and insulation materials. Notably, many prominent market players are actively investing in research and development to …
The Plant-Based Protein Market Charts a Path to US$ 22.5 Billion by 2032
The global plant-based protein market enjoyed a year-on-year (YOY) growth of 6.7% in 2021 to total sales of US$ 11.3 Billion and is projected to surpass US$ 22.5 Bn in 2032 at a CAGR of 7.2%, according to a market analysis performed by Future Market Insights. As the productivity of the food and beverage industries rises, the market for plant-based …
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The Packaged Bread Market on Course to Reach US$ 4,180.8 Million by 2033
According to new data from Future industry Insights (FMI), the packaged bread industry is anticipated to be worth US$ 2,535 million in 2023. The market is expected to grow at a 5% CAGR over the projected period, reaching US$ 4,180.8 million by 2033. Bread packaging has evolved due to consumer demand for items that are more shelf-stable and …
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United States Leads Global BOPET Packaging Film Market with a Commanding 90.8% Share by 2033
The United States has solidified its position as a major player in the global market for BOPET (biaxially-oriented polyethylene terephthalate) packaging films, with a commanding 90.8% market share projected for 2033. This remarkable growth can be attributed to surging demand, particularly from the food, cigarette, and label industries. BOPET polyester films are in high demand …
The Microbial Lipase Market Envisions Robust Growth, Aiming for a Valuation of US$ 990.2 Million by 2032
In 2022, the microbial lipase market is anticipated to reach US$ 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million. Lipases are highly flexible microbial enzymes that have attracted the interest of a number of industrial processes. Lipases can be obtained from fungi, bacteria, other microbes, …