New Product Development
The global bio-wax market, valued at US$ 2.4 billion in 2022, is poised for steady growth, projected to reach US$ 3.6 billion by 2032, representing a Compound Annual Growth Rate (CAGR) of 4% over the decade. This expansion can be attributed to increasing consumer demand for sustainable and eco-friendly products, as bio-wax offers a renewable …
Continue reading “Steady Growth Forecasted for Global Bio-Wax Market with 4% CAGR from 2022 to 2032”
The electric scooter market is estimated to be worth US$ 10.4 billion in 2023 and is projected to be valued at US$ 24.8 billion by 2033. Between 2023 and 2033, the market is expected to register a CAGR of 9.1%. The electric scooter market is expected to grow due to the implementation of government regulations …
The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the …
According to FMI analysts, the sodium caseinate market is poised for significant expansion, with a projected value of US$ 5.1 billion in 2023, expected to reach US$ 8.0 billion by 2033, reflecting a robust growth rate of 4.6% over the decade. This growth is primarily driven by the high demand for sodium caseinate in diverse …
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The total value of electric commercial vehicle MRO market in the previous year 2022 is figured at around US$ 513.9 million. During the projection period, the FMI report predicts that the overall market would develop at an amazing pace of 23.8% per year. Meanwhile, the total market value is anticipated to grow from US$ 638.7 …
The railway generators market size is likely to thrive at an average CAGR of 5% during the forecast period. The market is anticipated to cross a market share of US$ 3,257.4 Million by 2033 while it holds a value of US$ 1,999.8 Million in 2023. Steady growth of the railway generator market is attributed to …
The global esters market is poised for significant growth, with a projected valuation of US$ 94.19 billion in 2023, driven by a wide range of end-use applications. This upward trend is anticipated to open up new opportunities, resulting in an expected Compound Annual Growth Rate (CAGR) of 5.4% between 2023 and 2033, ultimately reaching an …
The global hydroxypropyl distarch phosphate market is poised to achieve a valuation of US$ 1.9 billion by 2023, primarily propelled by the growing demand for clean-label emulsification. This trend is set to unlock fresh avenues for market growth, with a projected Compound Annual Growth Rate (CAGR) of 5.8% between 2023 and 2033, ultimately reaching an …
The frozen vegetables market has been witnessing a steady rise in demand, driven by several factors. Busy lifestyles and the need for convenience have led consumers to opt for frozen vegetables as a time-saving solution for meal preparation. Additionally, the growing awareness of the benefits of frozen vegetables, such as retaining essential nutrients and longer shelf life, …
An industry report estimates that vegetable concentrates Market is expected to generate US$ 5,223.92 million by 2023. According to estimates, the market is forecast to reach US$ 7,716.96 million between 2023 and 2033, representing a CAGR of 4%. Due to changing lifestyles and growing health and benefit awareness, vegetable concentrate markets are expected to grow in the …
