The APAC Automotive Telematics Market is expected to be worth USD 93.9 Billion in 2023, rising to USD 414.5 Billion by 2033. From 2023 to 2033, APAC automotive telematics sales are predicted to expand at a 16% CAGR. The APAC automotive telematics market increased significantly between 2018 and 2022, owing to increasing technical breakthroughs and …
Monthly Archives: July 2024
XRF Analyzer Market Set to Grow with Increasing Demand from Mining Industry, Projected CAGR of 5.7% by 2027
In 2018, the global XRF analyzer market was valued at nearly USD 2.2 billion. Over the forecast period from 2019 to 2027, the market is projected to grow at a compound annual growth rate (CAGR) of approximately 5.7%. This growth is driven by increasing applications of XRF analyzers across various industries including mining, environmental testing, …
Exploring Growth: High-Silica Zeolite Market Forecast to Reach USD 1.37 Billion by 2032
The high-silica zeolite market is expected to exhibit a modest Compound Annual Growth Rate (CAGR) of 1.2% throughout the forecast period, projecting a rise in market share from USD 1.22 Billion in 2022 to USD 1.37 Billion by 2032. Factors contributing to this growth include increasing applications in industries such as petrochemicals, construction, and agriculture, …
Methyl Oleate Market Projected to Reach USD 2.45 Billion by 2032 with a 4.5% CAGR
The global methyl oleate market, valued at approximately USD 1.8 Billion in 2022, is witnessing steady growth fueled by its increasing utilization across diverse sectors including agrochemicals, lubricants, plasticizers, and cosmetics. Projections indicate a moderate compound annual growth rate (CAGR) of around 4.5% from 2022 to 2032, with anticipated total sales reaching about USD 2.45 …
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Projected Growth of Global Melamine Pyrophosphate Market to Reach USD 580 Million by 2033, with Expected 6% CAGR
The global melamine pyrophosphate market is projected to attain a valuation of USD 324.65 million in 2023 and is expected to reach USD 580 million by 2033, growing at a CAGR of 6% during the forecast period. The market is experiencing vibrant opportunities driven by the growing demand for flame retardant additives in various industries …
Wind Turbine Composite Material Market Projected to Reach USD 28,713.6 Million by 2034 with 7.1% CAGR Growth
According to Future Market Insights (FMI), the worldwide wind turbine composite material market is expected to reach USD 14417.9 million in 2024 and USD 28713.6 million by 2034. The market is projected to rise at a CAGR of 7.1% from 2024 to 2034. Composite materials have emerged as pivotal in the wind energy sector, particularly due to lightweight …
Driving Growth in the Global Dry Yeast Market Sales Of US$ 102.7 Billion by 2034: Enhancing Nutrition in Animal Foods and Meeting Vegan Demand
Dry Yeast Market The dry yeast market is estimated to be valued at US$ 50.36 billion in 2024. The dry yeast is predicted to rise at a moderate CAGR of 7.4% from 2024 to 2034. The global market is anticipated to reach US$ 102.7 billion by 2034. Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership …
Construction Fabric Market Poised for Growth: Projected to Reach USD 28,761.2 Million by 2034 with a 4.6% CAGR
The global construction fabric market value is forecast to increase from USD 18,267 million in 2024 to USD 28,761.2 million by 2034. Over the assessment period, global demand for construction fabrics is projected to surge at a CAGR of 4.6%. The global construction fabric market is a dynamic and multifaceted industry encompassing nonwoven and …
Call for Organized and Healthy Farming Sector to Drive the Seed Treatment Materials Market, Reaching US$ 6.8 Billion by 2032
The global seed treatment materials market was worth US$ 2.6 Billion in the year 2022 and is expected to reach US$ 6.8 Billion by the year 2032 at a CAGR of 9% between 2022 and 2032. Seed treatment materials basically describe seed treatment chemicals and products used in the seed treatment procedures. Biological seed treatment …
Capturing Growth in the Global Licorice Candy Industry Sales of US$ 403.4 Million by 2033 : Innovating Nostalgic Flavors and Expanding Cultural Appeal
Licorice Candy Market The licorice candy market is expected to grow from US$ 279 million in 2023 to US$ 403.4 million by 2033, with a CAGR of 3.1% from 2018 to 2022. The market for licorice candies has grown due to evolving consumer tastes and preferences, focusing on nostalgic treats and innovative flavors. Manufacturers have introduced a …