Future Market Insights (FMI), an ESCOMAR certified market research and consulting firm, has released a comprehensive report forecasting the growth trajectory of the global commercial RAC PD compressor market. According to the report, the market was valued at US$ 5.1 billion in 2022 and is projected to reach a valuation of US$ 8 billion by …
Monthly Archives: November 2023
Boric Acid Market Set for Sustainable Expansion: Driving Forces from Agriculture, Industry, and Eco-Friendly Alternatives Propel Growth Prospects
As per Future Market Insights’ latest industry analysis, the global boric acid market is anticipated to increase from US$ 840.7 million in 2022 to US$ 1,409 million by 2032, exhibiting a CAGR of 5.3% during the forecast period. The Boric Acid Market is poised for steady growth in the coming years, driven by the continuous demand from …
Global Cellulose Derivative Market Forecasted to Reach US$ 10.3 billion by 2033: Factors Driving Growth in Food, Pharmaceuticals, and Sustainability
The global cellulose derivative market size is estimated to secure a valuation of US$ 6.1 billion in 2023 and reach US$ 10.3 billion by 2033. The market secured a CAGR of 5.4% during the forecast period. Which Factors are Driving the Global Market? Several factors are influencing the global market to contribute to growth and development. Increasing …
Global Braze Alloys Market: FMI Research Forecasts a Promising Surge, Expected to Hit US$ 4,285.1 million in 2033, Reflecting Strong Growth Trends
During the projection period of FMI from 2023 to 2033, this forecast shows a promising yearly growth rate of 4.5% for this market. Additionally, the FMI research points the global market to a great worth of US$ 4,285.1 million by 2033. The market survey by FMI found the global sales of braze alloys, in terms of …
FMI Analysis Forecasts a 3.5% CAGR Surge: Monochlorobenzene Market Poised to Reach US$ 2,701.5 million by 2033
Trichlorobenzene, a type of monochlorobenzene, finds extensive application in the pharmaceutical industry to combine the intermediates of different medicines, such as vitamin supplements and antibiotics. Authority departments like United Nations Industrial Development Organization (UNIDO) have taken it upon themselves to invigorate the domestic production of necessary generic drugs in underdeveloped and developing economies like Kenya, …
Carbon Nanotubes Market Forecast: Surging Towards Unprecedented Growth, Projected to Reach 2,428.1 million by 2033 on the Back of Remarkable Properties and Diverse Applications
The extraordinary qualities of carbon nanotubes include great strength, electrical conductivity, thermal conductivity, and flexibility. They are ideal for a variety of applications due to their characteristics in several different sectors, such as electronics, aviation, energy, and healthcare. Also, the demand for these materials rises as businesses continue to study and use the possibilities of carbon …
Activated Alumina Market Projected to Reach US$ 1,465.0 million by 2032, Fueled by Growing Demand in Water Treatment and Adsorption Applications
Activated alumina’s high porosity leads to a surge in its utilization for filtration and adsorption purposes. As a result, there’s a notable rise in the demand for activated alumina over the projected period. In addition to this, growing water treatment technologies all over the world are also adopting activated alumina. All these factors are likely …
Rising Demand for High-Performance Materials Drives Global Plastic Compounding Market Towards US$ 155.196 billion Mark by 2033
By 2033, the plastic compounding industry is expected to be worth roughly US$ 155.196 billion. By the end of 2023, the global plastic compounding market is anticipated to have a market value of US$ 69.919 billion, with a CAGR of 8.3% from 2023 to 2033. Increasing Popularity of High-Performance Materials in the Market In several …
Barium Sulfate Market Growth Trajectory: Exploring Diverse Industry Applications Driving a Projected US$ 2,381.5 million Value by 2033
The barium sulfate market is a growing industry that involves producing and distributing barium sulfate, a white crystalline solid commonly used in various applications. The barium sulfate market size is projected to be valued at US$ 1,434.5 million in 2023 and is expected to rise to US$ 2,381.5 million by 2033. The sales of barium sulfate …
E-Commerce Dynamics and Green Initiatives Propel Bagasse Tableware Market in Western Europe to Projected Heights of US$1,227.80 Million by 2033, Fueled by Sustainability and Government Regulations
The bagasse tableware industry in Western Europe is experiencing a significant upswing, projected to achieve a commendable CAGR of 2.80% through 2033, with an anticipated value of US$ 1,227.80 million by that year. Industry leaders are strategically integrating sustainable materials and advanced technologies, capitalizing on the growing influence of e-commerce to foster expansion. Consumer preferences …