The industrial security system industry is expected to be valued at USD 55.9 billion in 2024. The market’s progress is projected to invigorate at a CAGR of 7.5% from 2024 to 2034. By 2034, the market value is forecasted to hit USD 115 billion. The demand for industrial security systems is expected to increase due to …
Monthly Archives: May 2024
Flame Retardant Chemicals: Market to Reach USD 17 Billion by 2032, Driven by Regulations and Safety Needs
The market for flame-retardant chemicals is expected to be valued USD 8,560 million in 2022. By 2032, the market is expected to have grown at a compound annual growth rate (CAGR) of 7.1%, with a projected value of USD 16,990 million. In order to comply with fire prevention and safety regulations, end-use verticals such …
Global Cleaning in Place (CIP) Market to Surge at 8.7% CAGR, Reaching USD 17.94 Billion by 2033
The cleaning in place market is expected to grow at an 8.7% annual rate from 2023 to 2033, with revenue expected to reach USD 17.94 billion, up from USD 7.79 billion in 2023. There is a growing trend in the cleaning in place market toward environmentally conscious and efficient sustainable solutions. The need for …
Short-term Vacation Rental Market Expected to Expand at a 10.80% CAGR Through 2034: Surging Availability of Property Management and Rental Services
The global short-term vacation rental market value is expected to rise from USD 1,35,258.3 million in 2024 to USD 3,77,191.2 million by 2034. This growth is expected to be driven by an excellent CAGR of 10.80% over the next decade. An increasing inclination toward budget-friendly accommodations favors the short-term vacation rental industry. Additionally, there is an emerging trend of staycations, especially among …
Car Detailing Services Market Anticipated to Total USD 68.8 Billion by 2033, Recording a Steady CAGR of 5.5%: Increasing Demand for High-End Services
In the historical period from 2018 to 2022, the global car detailing services market witnessed an impressive compound annual growth rate (CAGR) of 6.6%. Projections suggest that by 2033, the market will reach a value of USD 68.8 billion, with a steady CAGR of 5.5% expected from 2023 to 2033. It is anticipated to surpass a …
Hexagonal Boron Nitride Powder Industry Forecast: Expected to Achieve USD 495.0 Million by 2034, with a CAGR of 6.9%
The global hexagonal boron nitride powder industry is anticipated to reach a valuation of USD 253.5 Million in 2024, driven by increasing growth of hospitality industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.9% between 2024 and 2034, and reaching a total valuation of approximately USD …
Expanded PTFE (ePTFE) Industry Forecast to Hit USD 1490 Million by 2034, with a CAGR of 5.9%
The expanded PTFE (ePTFE) industry had an estimated market size of USD 788.5 million in 2023 and is expected to reach a global market size of USD 1490 million by 2034, increasing at a CAGR of 5.9% between 2024 and 2034. By 2024, the market for expanded PTFE (ePTFE)s is likely to reach a valuation of …
Bonded Abrasives Market to Boom at 5% CAGR: Construction Projects Fuel Global Demand
Over the projected period from 2022 to 2032, the global market for bonded abrasives is expected to grow at an impressive compound annual growth rate (CAGR) of 5%. The use of bonded abrasive materials in construction projects, which include residential, commercial, and infrastructure projects, is expected to grow rapidly, driving up demand for these materials …
Future Growth: Energy Recovery Ventilator Core Industry Set to Achieve USD 2.5 Billion by 2034, with a CAGR of 8.1%
The global energy recovery ventilator core industry is anticipated to reach a valuation of USD 1.1 Billion in 2024, driven by collaboration with energy service companies. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.1% between 2024 and 2034, and reaching a total valuation of approximately …
Phosphorus Enriched Organic Manure Industry Forecast: Reaching USD 6,347.6 Million by 2034 with a CAGR of 6.5%
The global phosphorus-enriched organic manure industry value is predicted to increase from USD 3,382.9 million in 2024 to USD 6,347.6 million by 2034. Over the forecast period, global demand for phosphorus-enriched organic manures is projected to surge at a CAGR of 6.5%. The growing demand for organic products that are favorable to the environment is driving …