The global magnesium carbonate industry is anticipated to expand at a steady 4.7% CAGR over the forecast period, finds Future Market Insights (FMI) in a recent market analysis. Magnesium carbonate is largely utilized as a raw material for the manufacturing of magnesium oxide, a refractory material employed in the cement and steel industries. In recent years, companies …
Monthly Archives: May 2024
Global Digital Wound Measurement Devices Market Poised for Steady Growth US$ 3,293.3 million by 2033 Driven by Rising Chronic Diseases | FMI
The global digital wound measurement devices market is expected to witness a steady climb over the next decade, registering a compound annual growth rate (CAGR) of 3.8% according to a recent analysis by Future Market Insights (FMI). This growth trajectory is projected to propel the market size from US$ 2,266.6 million in 2023 to US$ …
Ferric Sulphate and Polyferric Sulphate Industry Set to Achieve US$ 526.7 Million by 2028, with a CAGR of 4.4%
Future Market Insights (FMI) has estimated the ferric sulphate and polyferric sulphate industry to witness a year over year growth of 4.4% in 2022 reaching a value of about US$ 425.7 Million by the end of 2022. The global business is further projected to reach a value of US$ 526.7 Million By the end of the forecast period. The demand for polyferric sulphate …
Off Road All Terrain e-scooter Market Gears Up for 4.8% CAGR Towards US$ 2.5 Billion by 2032
The global off road all terrain e-scooter market is predicted to witness a CAGR of 4.8% during the forecast years. The net worth of the off road all terrain e-scooter market share is expected to reach US$ 2.5 Billion by the year 2032, increasing from US$ 1.53 Billion in the year 2021. Global concern over the …
Automotive OEM Market to be worth US$ 52.90 Billion by the year 2033
According to Future Market Insights (FMI) reports, the global automotive OEM market is poised to achieve a steady compound annual growth rate (CAGR) of 4.17% throughout the forecast period. As of 2023, the market is valued at US$ 35.16 Billion. Looking ahead, projections suggest that the automotive OEM market’s value is set to soar, with …
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Secondhand Apparel Market Set to Surpass US$ 125.18 Billion by 2034: Expected 11.1% CAGR Signals Strong Growth in Sustainable Fashion
The secondhand apparel market is expected to reach a valuation of US$ 125.18 billion by 2034, growing at a remarkable CAGR of 11.1% through 2034. This rapid growth is primarily due to the rising popularity of secondhand clothing among the general public. Secondhand apparel is becoming increasingly popular because of its affordable price tag and …
Automating Efficiency: A Growing Trend Fueling Portable Valve Actuator Growth
A portable valve actuator is a self-contained, lightweight power tool designed to open, close, or adjust manual valves quickly and safely. Unlike fixed-mounted actuators, these portable units offer the flexibility to tackle valve operations in various locations, eliminating the need for bulky equipment or reliance on external power sources. Growth Opportunities Rising Demand for Industrial …
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Global Glucose Sensor Market Projected to Reach US$ 20,421.4 Million by 2034, Driven by Wearable Tech and Rising Diabetes Rates | FMI
The global glucose sensor market is valued at US$ 8,949.3 million in 2024 and is anticipated to surpass a valuation of US$ 20,421.4 million by 2034. The glucose sensor market expansion is estimated at a CAGR of 8.6% from 2024 to 2034. As the number of people with diabetes rises constantly, it has become a …
Brand Loyalty Boosts Demand for Appealing Packaging Solutions, Reach at a US$ 3.6 Billion by 2033
According to FMI forecasts, the global sales of packaging inserts, in terms of value, were estimated to be around US$ 2,249.1 million in 2022. According to FMI’s predictions, the market might increase at a 4.6% annual pace from 2023 to 2033. As a result, it is anticipated that sales of package inserts are estimated to expand promisingly over the next few …
Men’s Skincare Products Market Poised to Reach US$ 37,000 Million by 2033: Projected 9.4% CAGR
In 2023, the men’s skincare products market is projected to be valued at US$ 15,078.23 million, with forecasts indicating a substantial increase to US$ 37,000 million by 2033. Anticipated to progress at a Compound Annual Growth Rate (CAGR) of 9.4% throughout the forecast period, this growth reflects the increasing acceptance and demand for skincare products among men. …