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 …
Monthly Archives: February 2024
Diagnostic Tools for EVs Market to Surge at 12.8% CAGR by year 2033
The global diagnostic tools for EVs market is expected to rise at a sturdy growth rate of 12.8% during the forecast years as per a report by FMI. The overall market valuation of total sales of diagnostic tools for EVs in 2022 was US$ 1,437 million which is further projected to reach US$ 5,401.6 million …
Continue reading “Diagnostic Tools for EVs Market to Surge at 12.8% CAGR by year 2033”
Rising Demand for Eco-Friendly Drilling Solutions Propels Drilling Polymers Industry Growth
The drilling polymers industry size reached US$ 2050.4 million in 2022. Demand for drilling polymers is likely to witness US$ 2132.4 million in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit a 3.5% CAGR. Revenue is anticipated to cross around US$ 3 billion by the end of 2033. There is a growing demand for environmentally friendly drilling polymers due …
FMI Report Forecasts Agricultural Lubricant Industry to Exceed US$ 826.7 Million by 2033, Fueled by Mechanized Farming Surge
According to a Future Market Insights (FMI) report, the global agricultural lubricant market value is expected to increase from US$ 484.1 Million in 2023 to US$ 826.7 Million by 2033. Over the forecast period, global agricultural lubricant demand is poised to surge at a CAGR of 5.5%. Several factors are expected to drive the growth of the agricultural lubricant market during the assessment period. These …
Europe Biomass Pellets Industry Surges: FMI Reports US$ 22,161.2 Million in 2033, with 6.9% CAGR
The Europe biomass pellets market, as reported by Future Market Insights (FMI), reached US$ 10,743.6 million in 2022. Demand for biomass registered a 6.3% year-on-year growth in 2022, indicating that the Europe market would reach US$ 11,387.5 million in 2023. Over the forecast period 2023 to 2033, Europe sales of biomass pellets are expected to exhibit a 6.9% CAGR. It is expected …
Asia Pacific Waterproofing Chemicals Industry Surges: Urbanization and Climate Change Propel Growth
In 2018, the Asia Pacific waterproofing chemicals industry had a value of US$ 363.1 million. By the end of 2033, the market is anticipated to reach US$ 1,223.1 million, reflecting a 9.6% CAGR between 2023 and 2033. In 2023, it’s expected to surpass a valuation of about US$ 491.1 million. Waterproofing chemicals are widely used in the construction sector. They play …
Global Paper Chemicals Industry Poised for US$ 46.5 Billion Growth by 2033, Reveals FMI Analysis
The global paper chemicals industry size is expected to rise from US$ 38.4 billion in 2023 to US$ 46.5 billion by 2033. Over the forecast period 2023 to 2033, global paper chemicals sales are likely to soar at 1.9% CAGR. According to the Future Market Insights (FMI) analysis, paper chemicals sales grew at a CAGR of 2.6% over the historical period 2018 to 2022. Over …
Rotogravure Printing Machine Market to Reach US$ 2.7 Billion by 2032, Driven by Technological Advancements and Rising Demand for High-Quality Printed Products
Future Market Insights forecasts a promising trajectory for the global rotogravure printing machine market, with projections indicating a valuation of US$ 1.9 Billion in 2022, set to expand at a steady CAGR of 3.5% to reach US$ 2.7 Billion by 2032. This upward trend underscores the resilience and potential of the rotogravure printing industry in …
Fire Rated Cables Market Set for Robust Growth: Anticipates 3.7% CAGR, Projecting US$2,592.2 Million by 2033
Future Market Insights (FMI), a premier provider of market intelligence and consulting services certified by ESCOMAR, unveils a comprehensive analysis of the global fire rated cables market. This thriving market, valued at US$ 1,802.6 million in 2023, is poised to reshape fire safety strategies across industries. Fueled by a range of applications and expanding industrial …
GCC Calcium Oxide Industry Set to Surge: FMI Report Forecasts US$ 245.4 Million Valuation by 2033 with 4.9% CAGR Growth
The Gulf Cooperation Council or, GCC calcium oxide market is projected to reach a market capitalization of US$ 245.4 million at a CAGR of 4.9% by the end of the forecast period 2023 to 2033. The growth of the building and construction sector in the region is projected to drive the market in the forecast period. Calcium oxide demand for soil …