The carbon black market is predicted to be worth US$ 13, 849.6 million in 2023. The market is likely to rise to US$ 22,133.52 million by 2033. The rubber sector is the key market contributor to the worldwide carbon black market. This substance functions as a filler in tires, enhancing their physical properties and giving …
Monthly Archives: March 2024
Smart Home Devices Market Poised for Remarkable Growth: Anticipated CAGR of 17.8% by 2033
The demand for smart home devices worldwide is expected to experience a compound annual growth rate (CAGR) of 17.8%. It is projected that the market revenue will reach US$ 58.4 billion in 2023 and is anticipated to soar to US$ 300 billion by 2033. The increasing adoption of Internet of Things (IoT) technology in homes …
Ultrapure Water Industry Projected to Reach US$ 25.2 Billion by 2033
In 2023, it is predicted that the market for ultrapure water industry would be worth US$ 8.8 billion. The market is expected to show an 11.1% CAGR from 2023 to 2033. By the end of 2033, it’s predicted to produce a market size of US$ 25.2 billion. Use of ultrapure water in the electronics sector …
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NFC Tag ICs Market Eyes Notable Surge with Expected CAGR of 15.7% and US$ 50,175.2 Million Valuation by 2033
The global NFC tag ICs market is estimated to reach US$ 11,638.8 million in 2023, expanding at a CAGR of 15.7% from the forecast period 2023 to 2033. Moreover, the growing requirement for customers to exchange connections, transactions, and digital content via various electronic devices is expected to drive the industry. According to the FMI report, the sales in …
Halal Cosmetics Market: A Projected Growth at a CAGR of 11.6% by 2033
The global halal cosmetics market is expected to yield revenues of US$ 42.65 billion in 2023, with demand forecasted to grow at a Compound Annual Growth Rate (CAGR) of 11.6%, reaching US$ 127.8 billion by 2033. The halal cosmetics industry is witnessing notable expansion, offering a distinct perspective within the beauty and personal care sector. …
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Global Peer-to-Peer Dining Market Anticipates Remarkable Growth by 2033 | FMI
According to the latest research conducted by Future Market Insights, the global peer-to-peer dining market is poised to reach an estimated revenue of US$ 6,146.1 Million by the end of 2023, with a long-term forecast projecting a surge to approximately US$ 8,101.9 Million by 2033. The peer-to-peer dining sector has witnessed substantial growth, attributed to …
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Automated Material Handling Systems Market Value Soars to US$ 81.8 billion by 2033
Automated Material Handling Systems (AMHS) are transforming warehouses, factories, and distribution centers around the world. By replacing manual tasks with automated processes, AMHS offer significant advantages in efficiency, accuracy, safety, and overall operational control. Let’s delve into the current state of the AMHS market, explore the factors driving its growth, and uncover the exciting opportunities …
Banana Flour Market to Reach US$ 11.05 Million by 2033 with 7.1% CAGR, Investors Eye Opportunities in Health-Conscious Consumer Trends
Banana Flour Market In a health-conscious revolution, the consumption of banana flour in Korea is poised to witness a robust 7.1% CAGR, catapulting the industry from US$ 5.58 million in 2023 to an impressive US$ 11.05 million by 2033. Market Dynamics: Health-Driven Choices: Korean consumers seek nutrient-rich banana flour for its distinct flavor, aroma, and health benefits. Gluten-Free …
Aquafeed Additives Market Set to Reach US$ 3.4 Billion by 2033 with 4.3% CAGR, Investors Eye Opportunities in Growing Demand for Fish and Seafood Products
The global aquafeed additives market size is anticipated to surpass US$ 3.4 billion by 2033. It is estimated to record a steady CAGR of 4.3% in the review period 2023 to 2033. It is likely to exceed a valuation of US$ 2.3 billion in 2023. The global aquafeed additives market registered an astonishing CAGR of 6.1% in the historical period between 2018 and 2022. The …
Pet Food Market Expected to Reach US$ 60.23 Billion by 2033 with 4.0% CAGR, Investors Eye Opportunities in Premium, Natural, and Organic Products
The market for pet food in the United States is anticipated to grow from US$ 40,860.8 million in 2023 to US$ 60,234.0 million in 2033. Sales of pet food in the United States are predicted to increase at a substantial CAGR of 4.0% by 2033. Owing to a huge number of pet owners that place a high value on the welfare of their companion animals, …