The industrial rubber products market is anticipated to reach more than US$ 113.7 billion in 2023. The market, according to FMI, is anticipated to grow at a 6.6% CAGR to reach US$ 214.7 billion by 2033. The industrial rubber products market has been gradually expanding due to rising demand from end-use sectors such as automotive, …
Monthly Archives: October 2023
Ammonium Carbonate Market Anticipates 5.2% Annual Growth, Surpassing US$ 1.1 Billion by 2032
Future Market Insights projects that the ammonium carbonate market will expand quickly during the forecast period, growing at a CAGR of 5.2%, and reaching a value of US$ 688 million by 2022. Manufacturers in the food business are being driven to use food-grade ammonium carbonate as a result of the growing demand for baked goods …
Prepreg (Pre-Impregnated Composite Fibers) Market Set to Achieve 11% CAGR, Crossing US$ 23.4 billion by 2033
In 2023, the market for prepreg (pre-impregnated composite fibers) is projected to be worth US$ 8.2 billion. Prepreg (pre-impregnated composite fibers) is being used more frequently in the automotive industry as a result of its ability to make components lighter. According to estimates, the market would generate US$ 23.4 billion in 2033, with a CAGR …
Compressor Oil Market Targeting US$ 10,300 Million by 2033 with a Solid 5.2% CAGR
The global compressor oil market is expected to reach $6,202.85 million by 2023. Smoother responsibilities, as well as less downtime and equipment repairs, will boost compressor oil market demand. According to FMI, the worldwide compressor oil market will be worth US$ 10,300 million in 2033 and will grow at a 5.2% CAGR between 2023 and 2033. …
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Medical Grade Coatings Market Set to Achieve US$ 19.8 Billion by 2033 with an Impressive 10% CAGR
The medical grade coatings market is anticipated to be worth $7.61 billion by 2023 and reach US$ 19.8 billion by 2033, growing at a CAGR of 10%. medicinal grade coatings offer a wide range of medicinal applications, making them a rapidly rising market. This type of coating is used to improve the performance and longevity of …
Sodium Bicarbonate Market on a Growth Path: Targeting US$ 7.7 Billion by 2033
The global sodium bicarbonate market is anticipated to reach a valuation of US$ 4.6 billion in 2023, fueled by increased demand from healthcare business. The trend is estimated to open up new prospects for the market, resulting in a 5.2% CAGR between 2023 and 2033 and a total worth of roughly US$ 7.7 billion by 2033. …
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Projected Growth: Fine Hydrate Market Targeting US$ 802.5 Million by 2033 with a 6.5% CAGR
The fine hydrate market is predicted to be worth US$ 428 million in 2023 and rise to US$ 802.5 million by 2033. Demand was initially expanding at a market CAGR of 6.5% between 2018 and 2022. The fine hydrate is projected to rise as more people utilize it to make pigments instead of titanium dioxide. Paints and …
Acetone Market Soaring with US$ 15,674 Billion by 2033, Fueled by a 9% CAGR
The industry expects the size of the acetone market to reach US$ 6611.3 million by 2023 and US$ 15,674 million by 2033, and will expand at a CAGR of 9%. Acetone sales are increasing as personal care products become more popular. Acetone is a colorless and invisible solvent. Small amounts of acetone are employed in some …
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Waterproof Packaging Market Growth Surges to a Staggering US$ 969.43 Billion by 2033| Industry Insights
The waterproof packaging market is poised for steady growth with an anticipated average CAGR of 3.4% during the period from 2023 to 2033. By 2033, the market is forecasted to secure a substantial market share valued at US$ 969.43 billion, while in 2023, it is expected to have an initial value of US$ 693.92 billion. …
Bag in Box Barrier Film Market Value Anticipated to Reach $548.40 Million by 2033 | FMI Study
The global bag-in-box barrier market is projected to reach $333.48 million in 2023 and is anticipated to surge to $548.40 million by 2033. Over the decade from 2023 to 2033, the market is expected to demonstrate a robust Compound Annual Growth Rate (CAGR) of 5.1%, marking a notable acceleration compared to the 4.3% CAGR observed …