Future Market Insights projects that the automotive die-casting lubricants industry size will reach US$ 129.18 million by 2023 and US$ 256 million by 2033, expanding at a CAGR of 7%. A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected …
Monthly Archives: June 2024
Ammonium Thiosulfate Industry Surges to US$ 719.6 million by 2033, Fueled by Global Food Demand
The ammonium thiosulfate industry was expected to be worth close to US$ 345.4 million in 2022. By 2033, the same market is anticipated to have generated US$ 719.6 million, with a CAGR of 6.9% from 2023 to 2033. Ammonium thiosulfate inhibits growth at a high agronomic rate of 250–5000 mg/kg soil, increasing the soil’s fertility. It reduces …
Automobile Sales Surge Drives Demand: 1,4-Dicyclohexylbenzene Emerges as Key Ingredient in Automotive Sector Growth
Increasing applications of 1,4-dicyclohexylbenzene as an additive and in paints & coatings and plastic components in the automotive industry are spurring its demand. Rising automotive sales across the globe also are anticipated to translate into sales opportunities for 11,4-dicyclohexylbenzene producers over the assessment period. As per a recent market survey by Future Market Insights (FMI), …
Polyimide Fibers Industry Soars, Surpassing US$ 569.5 million in 2033: FMI Report Reveals Future Growth Trajectory
2023, the polyimide fibers industry is projected to generate revenue exceeding US$ 517.5 million. The market is expected to develop at a compound annual growth rate (CAGR) of 5.4% between 2023 and 2033. Polyimide fibers are increasingly used in the manufacture of protective apparel due to their outstanding flame-retardant potential. Polyimide fibers are now widely utilized in the production of protective equipment, …
Asia-Pacific Industrial Surge Sparks 1,4-Diisopropylbenzene Industry Growth, Set to Reach US$ 179.2 million by 2033
The global 1,4-diisopropylbenzene industry is anticipated to reach a valuation of US$ 119.9 million in 2023, driven by increasing demand for solvents and cleaning agents. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.1% between 2023 and 2033, and reaching a total valuation of approximately US$ 179.2 million …
Sodium Lactate Industry Projected to Reach US$ 390 million by 2033, Fueled by Demand for Clean Label Foods
The sodium lactate industry is predicted to be valued at US$ 165 million in 2023 and US$ 390 million by 2033. Over the projection period, sales in the sodium lactate market are expected to increase at a CAGR of 8.9%. As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural …
Rising Demand for Specialty Chemicals in Pharmaceuticals Fuels Cyclohexylbenzene Industry Growth
The global cyclohexylbenzene industry is anticipated to reach a valuation of US$ 439.9 million in 2023, driven by increased adoption of personal care products. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 716.5 million by …
Gluconolactone Market: Projected to Reach a Valuation of US$ 256.2 Million by 2033
By 2023, the global Gluconolactone market is projected to achieve a market value of US$ 256.2 million, displaying significant growth from its 2023 value of US$ 120 million. The market is anticipated to experience a CAGR of 8% from 2023 to 2033. The global gluconolactone market is expected to grow at a rapid pace in …
Tempeh Market: Forecasted to Flourish to a Remarkable US$ 6.8 Billion by 2033, Reflecting a Surge in Plant-Based Protein Popularity
As per the previous tempeh market survey report, the net worth of the market in 2023 is likely to be around US$ 4.2 billion. Sales of tempeh are expected to grow at a promising CAGR of 5% and are predicted to reach around US$ 6.8 billion by 2033. Customers feel that eating tempeh and following a plant-based diet would improve their …
Fish Powder Market: Projected to Reach a Valuation of US$ 303.1 Million by 2034, Highlighting Industry Growth Dynamics
The global fish powder market value is pegged to be almost US$ 182.6 million in 2024. Demand for fish powder globally is set to witness a moderate CAGR of 6.6% during the forecast period. The global industry share is promising to achieve a market valuation of US$ 303.1 million by 2034. Nowadays, consumers are far pickier than …