The plastic resins market size is projected to be valued at US$ 798.38 billion in 2023 and is expected to rise to US$ 1,239.86 billion by 2033. The sales of plastic resins are expected to capture a significant CAGR of 4.5% during the forecast period. Resins used in plastic packaging are incredibly strong, flexible, non-corrosive, safe, and long-lasting. Plastic resins’ strength offers defense …
Monthly Archives: April 2024
ustainable Packaging on the Rise: HDPE Crate Market to Reach US$ 1.9 Billion by 2034 CAGR 3% | FMI
The HDPE crate market is expected to reach a valuation of US$ 1.9 billion by 2034, with a compound annual growth rate of 3%. As of 2024, the market is valued at US$ 1.4 billion. The market for HDPE crates is being helped by the growth of the online retail industry. The increasing popularity of …
High-Speed Engine Market Surges Towards US$ 40.9 Billion by 2034 at a 4.8% CAGR
The high-speed engine market demand is expected to reach a value of US$ 25.7 billion in 2024, driven by international marine freight transportation, marine tourism, and increasing backup power generation. Sales are projected to grow at a 4.8% CAGR between 2024 and 2034, reaching a market value of US$ 40.9 Billion. High-speed engines are essential for propelling commercial vessels and serving …
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Phenylethyl Market Poised for Explosive Growth: Reaching US$ 461.85 Billion by 2032
The phenylethyl market exhibited robust growth, attaining a valuation of US$ 269.85 billion in 2022, and is poised for further expansion, projected to reach US$ 461.85 billion by 2032, with a commendable Compound Annual Growth Rate (CAGR) of 5.7%. This remarkable trajectory can be attributed to increasing demand across various industries, including pharmaceuticals, fragrances, and polymers, as …
Durable and Leak-Proof: Fluorinated Bottle Market to Reach $55.7 Bn by 2033 CAGR 4.2% | FMI
Within the larger packaging sector, the fluorinated bottle market is a subset that deals with the manufacturing and marketing of bottles that have undergone a fluorination process. Fluorination is a surface modification technique that includes applying fluorine gas to plastic bottles. This improves the bottles’ general performance, chemical resistance, and barrier qualities. According to Future …
Non Destructive Testing and Inspection Market Projected to Rise at US$ 31.0 billion by 2034
The non-destructive testing and inspection (NDT&I) market safeguards countless industries by ensuring the structural integrity and material properties of components and equipment. Employing specialized techniques, NDT&I methods evaluate flaws and defects without damaging the object itself. Let’s delve into the current landscape of this market, explore exciting opportunities, and envision its promising future scope. Current …
High-Performance Insulation Materials Market Surges with Remarkable 11% CAGR Forecast for 2033
The high-performance insulation materials market is poised for substantial growth, with a projected net worth of US$13.43 billion in 2022, anticipated to surge to over US$38.13 billion by 2032. This remarkable expansion reflects an impressive compound annual growth rate (CAGR) of 11% throughout the forecast period. The rising demand for energy-efficient solutions and sustainable construction practices is …
Beyond Scrapbooking: Inlay Paper Market to Reach US$ 296.2 Million by 2033 CAGR 5.5% | FMI
The term “inlay paper” describes a kind of specialty or ornamental paper that is frequently used for scrapbooking, bookbinding, crafting, and other creative purposes. Vibrant colors, elaborate patterns, and designs are characteristics of inlay paper. The following are important factors about inlay paper: As per a new report for Future Market Insights (FMI), demand for inlay …
Global Pediatric Respiratory Syncytial Virus Infection Market Expected to Surge US$ 8,401.71 Million by 2032, Driven by High Incidence Rate and Promising Therapies
The global pediatric respiratory syncytial virus infection market is poised for significant growth, reaching a valuation of US$ 2,041 million in 2022 and projected to skyrocket to US$ 8,401.71 million by 2032, according to recent market analysis. The market is anticipated to expand at a robust CAGR of 15.2% during the forecast period (2022-2032). Pediatric …
Freshwater Scarcity Fuels Ferrous Sulfate Market: Untapped Opportunities in Water Treatment Industry
As of 2022, the global ferrous sulfate industry boasts a valuation of US$ 2.3 billion, and it is anticipated to experience a steady growth trajectory, projecting a Compound Annual Growth Rate (CAGR) of 2.9% throughout the forecast period. By 2032, the market is expected to achieve a noteworthy milestone, reaching a market value of US$ 2.9 billion. …