The global water softener market is experiencing significant growth, with its value projected to rise from USD 3.1 billion in 2022 to an impressive USD 6.9 billion by 2032. This substantial growth, at a compound annual growth rate (CAGR) of 8.3%, underscores the increasing demand for water softening solutions driven by the need to mitigate …
Monthly Archives: June 2024
Road Marking Equipment Market Analysis: Industry Reaching to USD 2,382.4 million by 2033
According to a Future Market Insights (FMI) report, the global road marking equipment market value totaled USD 1,347.7 million in 2023. Over the assessment period, global road marking equipment demand is projected to increase at a CAGR of 5.9%, leading to total market valuation reaching USD 2,382.4 million by 2033. Truck mounted segment is expected to dominate the road marking equipment industry …
Genset Market Size Rising to USD 69,218.4 million by 2033
The world relies on a constant flow of electricity, but disruptions and outages are a fact of life. Enter the genset, a versatile workhorse that bridges the gap by providing reliable backup power. These portable or stationary generators come in various sizes, offering a dependable source of electricity for diverse applications. The genset market, driven …
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Europe Industrial Furnace Market Value Soaring at USD 4,514.5 million by 2033
The Europe industrial furnace market size is expected to register USD 2,789.7 million by 2023. It is anticipated to showcase a steady CAGR of 4.9% between 2023 and 2033. Sales of industrial furnace in Europe will likely register USD 4,514.5 million by 2033. Revenue stood at USD 2,674.2 million in 2022. Digitalization facilitates remote monitoring, and predictive maintenance will likely drive demand …
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Global Glycine Market Size Poised to Surpass USD 1050 Million with a Projected CAGR of 4 to 5% Through 2032
The global glycine market is experiencing a robust growth trajectory, with sales expected to exceed a valuation of USD 700 million by 2022. Forecasts suggest a steady compound annual growth rate (CAGR) of around 4% to 5% during the period from 2022 to 2032. By the end of this period, the demand for glycine is …
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Rapid Growth Projected: Biorational Pesticide Industry Set to Soar to US$ 39.7 billion by 2034
Over the next decade, a staggering 16.1% CAGR in the adoption of biorational pesticides is projected to drive this expansion. The biorational pesticide industry is poised for significant growth, with its size expected to increase from US$ 8.9 billion in 2024 to a substantial US$ 39.7 billion by 2034. One of the main reasons propelling the market growth is growing consumer awareness of the …
Textile and Construction Sectors Propel Acrylic Polymer Industry Growth Amid Rising Demand
The global industry size for acrylic polymer is estimated to be around US$ 683.1 million in 2024. In 2023, the market was valued at US$ 642.6 million, and it is projected to exhibit a growth of 5.9% over the forecast period. The industry is estimated to cross a valuation of US$ 1,200 million by 2034. The increasing demand from the construction industry is the key …
Acrylic Resin Industry Surges: Projected Worth Reaches US$ 40.0 billion by 2034
The global acrylic resin industry is anticipated to reach a valuation of US$ 23.3 Billion in 2024, driven by the globalization of supply chains. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.6% between 2024 and 2034, and reaching a total valuation of approximately US$ 40.0 Billion by 2034. Acrylic resins are used in …
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Activated Carbon Fiber Industry Primed for Explosive Growth, Predicted to Reach US$ 5.3 billion by 2034
The activated carbon fiber industry is on the brink of reaching a substantial valuation, projected to reach US$ 3.9 billion by 2024. By 2034, the market is poised to soar to an estimated total valuation of around US$ 5.3 billion. The trend is anticipated to open doors to new opportunities within the market, with a projected CAGR of 2.9% from …