New Product Development
The global market valuation of the halal tourism industry is expected to reach US$ 417.6 billion by 2034, rising at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2034. In 2023, the market share was forecast to be worth US$ 266.3 billion. The “halal” term means permissible according to Islamic laws and teachings. With a rise in the number …
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According to Future Market Insights (FMI), Africa’s automotive refinish coatings market size is forecast to reach US$ 108.9 million in 2023. Total sales of automotive refinish coatings across Africa are slated to rise at 4.3% CAGR from 2023 and 2033, generating a market valuation of US$ 165.5 million by the end of 2033. The booming automotive industry and increasing spending on maintaining the …
According to Future Market Insights (FMI), the Turkey medical tourism market is expected to grow at a CAGR of 5.92%. The demand value is projected to grow from US$ 3,751.6 million in 2023 to US$ 6,670.5 million by 2033. Turkey is fast becoming one of the major destinations for medical tourism due to the low treatment prices as compared to other nations. A …
Cerium oxide nanoparticles, also known as ceria nanoparticles, are gaining significant traction due to their unique properties. Growth and Applications Current Scenario: The cerium oxide nanoparticle market is experiencing steady growth driven by increasing demand from various industries like semiconductors, catalysis, and polishing agents. Rising awareness of their exceptional properties, including high catalytic activity, UV …
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The India shape memory alloy market is anticipated to reach a valuation of US$ 286.7 million by the end of the assessment period. Significant traction from the aerospace, biomedical, and construction industries are expected to drive growth in the India shape memory alloy market. During the course of the forecast period, the market is …
As per the latest market estimation published by Future Market Insights (FMI), the global high performance fibers for defense market is anticipated to reach a value of US$ 2,428.7 million in 2032. Robust development in the military & defense sectors, increasing government expenditure to advance military infrastructure, and growing research and development programs to develop …
The global textile flooring industry is on the brink of a substantial valuation, projected to reach US$ 9,744.7 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the textile flooring market. The trend is anticipated to open doors to new opportunities within the market, with a projected CAGR of 5.20% from 2023 to 2033. By …
The global sulphur hexafluoride market is projected to amass a revenue of US$ 487.93 million by 2033 as opposed to US$ 288.37 million in 2023. The market is set to expand at a CAGR of 5.4% from 2023 to 2033. Escalating demand for electronic devices and electricity, as well as the increasing adoption of sulphur …
The global magnesium hydroxide industry was projected to reach US$ 992.5 million in 2022. The market will probably be valued at US$ 1,050.07 million by the end of 2023. By 2033, the magnesium hydroxide market is projected to grow at a 5.8% CAGR and reach a value of US$ 1,845.32 million. Companies that provide high-quality magnesium hydroxide …
According to Future Market Insights, the global fluoroelastomer market reached US$1,467.6 million in 2022 and it is expected to surpass a valuation of US$ 2,374.8 million by 2032. Furthermore, the overall sales of fluoroelastomers are poised to rise at 4.9% CAGR throughout the forecast period (2022–2032). Rising adoption across end-use industries such as automotive, oil …