Between 2023 and 2033, the market for magnesium sulfate is expected to grow at a compound annual growth rate (CAGR) of 5.7%. Although the market is expected to be valued at US$ 1.0 billion in 2023, it is predicted to surpass a market share of US$ 1.68 billion by 2033. The magnesium sulfate market is …
Monthly Archives: November 2023
Global Compressor Oil Market Projected to Hit US$ 10,300 Million by 2033 with a 5.2% CAGR Growth from 2023 to 2033
FMI, a market research firm, predicts a significant increase in the usage of synthetic compressor oil in the power generation sector for synthetic compressor oil. Based on the analysis, the compressor oil market is likely to grow at 5.2% CAGR by 2033. Due to the need for an uninterrupted power supply, greater spending will be made on …
Global Vinyl Flooring Market Set to Reach US$ 57,699.15 Million by 2033 with a Steady 6.8% CAGR
The global vinyl flooring market is expected to attain a valuation of US$ 29,885.25 million in 2023 and is projected to reach US$ 57,699.15 million by 2033 while exhibiting a CAGR of 6.8% during the forecast period. Rising construction activities and evolving lifestyles worldwide are projected to drive an increase in consumer demand for house renovation. The …
The Surging Adult Diapers Market Surpasses US$ 37 Billion, Forecasting a Striking 7.4% (CAGR) till 2033 | FMI
The adult diapers market is predicted to be valued at US$ 18.12 billion in 2023 and to reach US$ 37 billion by 2033. Adult nappy adoption is expected to grow at a 7.4% CAGR during the projection period. A significant trend is the rising popularity of reusable and washable adult diapers. As consumers become more environmentally conscious, they seek sustainable alternatives to disposable …
A Comprehensive Analysis of Cosmeceutical Ingredients Market Growth, Anticipating a Striking 9% CAGR by 2027 | FMI
The global cosmeceutical ingredients market will surpass US$ 12 Billion in terms of value in 2027 with a CAGR of 9% during the forecast. The cosmeceutical ingredients market is dominated by synthetic cosmeceutical ingredients however the natural cosmeceutical ingredients market is expected to expand at higher CAGR (10.8%) as compared to synthetic during the forecast The importance of beautification …
Plastic Shrink Wrap Market Rising to US$ 4.67 billion by 2033: Exclusive Report by FMI
The rising demand for flexible packaging that covers the maximum area possible is adding value to the market. It is designed to carry a shrink-wrap bag. Furthermore, the usage of it to secure lids and caps is also garnering the attention of manufacturers and packagers. The plastic shrink wrap market is anticipated to expand its roots at …
Deodorant Stick Market Set to Reach US$ 3,500 Million with a Remarkable 5.5% CAGR Forecasted by 2033 | FMI
The deodorant stick market is predicted to be valued at US$ 2,048.8 million in 2023 and to reach US$ 3,500 million by 2033. During the projected period, the use of deodorant sticks is expected to grow at a CAGR of 5.5%. A significant opportunity lies in the rising demand for natural and organic deodorant products. Consumers are becoming more conscious of the …
Tea-based Skin Care Products Market, Forecasting a US$ 1300 Million Surge and an Impressive 8.3% CAGR for 2033 | FMI
The market for tea-based skin care products is predicted to be worth US$ 582.8 million in 2023 and US$ 1,300 million by 2033. Tea-based skin care product use is expected to grow at an 8.3% CAGR throughout the projection period. A promising opportunity lies in the rising popularity of clean beauty and eco-consciousness among consumers. With a growing emphasis on natural ingredients and …
Women’s Intimate Care Products Market, Anticipating a Robust US$ 43 Billion Valuation and 4% CAGR by 2033 | FMI
The market for women’s intimate care products is predicted to be worth US$ 28.88 billion in 2023 and US$ 43 billion by 2033. During the projected period, the adoption of women’s intimate care products is expected to grow at a CAGR of 4%. A notable trend is the surge in demand for eco-friendly and sustainable products. As environmental awareness grows, consumers are …
Handheld Marijuana Vaporizers Market with a Projected US$ 21 Billion Valuation and 6% CAGR by 2033 | FMI
The handheld marijuana vaporizers market is anticipated to be worth US$ 11.62 billion in 2023 and US$ 21 billion by 2033. During the projected period, the use of handheld marijuana vaporizers is expected to grow at a CAGR of 6%. A promising trend is the increasing popularity of smart vaporizers equipped with Bluetooth connectivity and companion mobile apps. These apps allow users …