By the end of 2023, the global plastic compounding industry is anticipated to have a market value of US$ 69.919 billion, with a CAGR of 8.3% from 2023 to 2033. By 2033, the plastic compounding industry is expected to be worth roughly US$ 155.196 billion. Increasing Popularity of High-Performance Materials in the Market In several sectors, including …
Monthly Archives: April 2024
Barium Sulfate Market Set to Surpass US$ 2,381.5 million by 2033, Propelled by Thriving Sales and Versatile 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 are expected to record a significant CAGR of 5.2% during the forecast period. The market is a growing industry that involves producing and …
Reclaimed Rubber Market Poised to Exceed US$ 3.64 billion by 2033, Fueled by Environmental Conservation and Rising Demand for Recycled Products
By 2033, the reclaimed rubber industry is expected to be worth around US$ 3.64 billion. The global industry size is anticipated to be worth US$ 1.24 billion by 2023, expanding at an 11.3% CAGR from 2023 to 2033. Several variables are affecting the growth and development of the reclaimed rubber business. The growing emphasis on sustainability and …
Global 2-EH Market (2-Ethylhexanol) Market Set to Soar with a Projected 6.8% CAGR till 2033, Surpassing US$ 12.7 billion Valuation
The 2-EH industry is estimated to capture a CAGR of 6.8% during the forecast period. The market is estimated to reach a valuation of US$ 12.7 billion by 2033, improving from the current valuation of US$ 6.5 billion in 2023. How is the Demand for 2-EH Increasing in the Chemical Sector? Several factors significantly drive the demand for 2-EH in the …
Aluminum Industry Set to Soar at 6.3% CAGR, Projected Market Value to Exceed US$ 2,98,779.7 million by 2033
The aluminum industry is forecast to expand at 6.3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,62,187.9 million in 2023. The demand for aluminum is positively influenced by the upsurge in demand for aluminum packaging in the food and pharma sectors. Aluminum foil …
Advanced Ceramics Market Set to Surge to US$ 63,542.7 million by 2033, Fueled by Unprecedented Demand and Technological Advancements
The advanced ceramics industry is projected to reach a value of US$ 40,142.0 million in 2023 and is expected to grow to US$ 63,542.7 million by 2033, with a significant CAGR of 4.7%. According to Future Market Insights, the United States is projected to account for 24.4% of the global market revenue in 2022. The region’s advanced …
Exploring the Surge in Carrageenan Gum Market: Projected Growth to Reach US$ 1,355.7 Million by 2032
on-the-go breakfast products market Rising urbanization and the prevalence of nuclear families are leading to increased demands on-the-go breakfast products market working women’s time, leaving little room for leisurely breakfasts. Fast-paced lives, longer commutes, and growing female workforce participation are driving the demand for on-the-go breakfast products, with a notable impact in Asia Pacific, North America, …
Middle East and North Africa Nutraceuticals Market: Comprehensive Growth Outlook with Revenue Milestone of US$ 1,900 Million by 2026
on-the-go breakfast products market Rising urbanization and the prevalence of nuclear families are leading to increased demands on-the-go breakfast products market working women’s time, leaving little room for leisurely breakfasts. Fast-paced lives, longer commutes, and growing female workforce participation are driving the demand for on-the-go breakfast products, with a notable impact in Asia Pacific, North America, …
Middle East and North Africa Nutraceuticals Market: In-Depth Sector Analysis and Growth Forecast
The MENA nutraceuticals market is expected to display an impressive 7.1% CAGR between 2015 and 2020. According to FMI reports, the current covid-19 pandemic is moderately impacting the MENA nutraceuticals industry, as supplies of products run out, despite high demand for preventive healthcare and dietary supplement products. Sales continue apace as consumers seek nutraceuticals for immune boosting …
Frozen Food Market Forecast: Strategic Industry Analysis Predicts Growth to US$ 638.6 Billion by 2034
According to Future Market Insights (FMI), the global frozen food market is projected to increase from US$ 365.2 billion in 2024 to US$ 638.6 billion by 2034. The market is projected to surge at a CAGR of 5.7% from 2024 to 2034. Due to their convenience of preparation and single-serving alternatives, frozen foods are becoming increasingly popular among consumers, particularly among millennials. The …