The global cold plates market is set to experience remarkable growth, achieving a significant compound annual growth rate (CAGR) of 5.3% from 2023 to 2033. According to a recent report by FMI, the market is expected to see its valuation rise from USD 374.5 million in 2023 to an impressive USD 627.7 million by …
Monthly Archives: August 2024
Magnesium Sulfate Market Projected to Reach USD 1.68 Billion by 2033, Driven by 5.7% CAGR Growth
The magnesium sulfate market is projected to experience robust growth over the next decade, with an average CAGR of 5.7% from 2023 to 2033. This expansion is driven by increasing demand across various industries, including agriculture, pharmaceuticals, and personal care. The market, valued at USD 1.0 billion in 2023, is anticipated to reach a significant …
Revolutionizing the Automotive Die-casting Lubricants Industry: IoT Sensors and Smart Lubrication Systems Lead Market Expansion
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 …
Ammonium Thiosulfate Market Growth Driven by Increased Packaged Food Demand and Agricultural Development
The ammonium thiosulfate industry size was expected to be worth close to USD 345.4 million in 2022. By 2033, the same market is anticipated to have generated USD 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. …
Rising Automotive Sales Drive Demand for 1,4-Dicyclohexylbenzene in Additives and Coatings
As per a recent market survey by Future Market Insights (FMI), the global 1,4-Dicyclohexylbenzene market growth is estimated to grow by 3.7% annually through 2031. After countering the initial impact of the COVID-19 outbreak, recovery of the market is on the card. As per FMI, the market registered year-over-year growth of 3.9% in 2020-2021. As per FMI’s …
Polyimide Fibers Market to Surpass USD 569.5 million in 2033, with a 5.4% CAGR
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, such as the outer shell of army uniforms, firefighters’ jackets, industrial protective gear, and others. In 2023, the polyimide fibers market sales are projected to generate revenue exceeding USD 517.5 million. The …
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1,4-Diisopropylbenzene Market Insights: Expected Valuation of USD 179.2 million in 2033 with a 4.1% CAGR
The global 1,4-diisopropylbenzene industry share is anticipated to reach a valuation of USD 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 USD …
Sodium Lactate Market Forecast: 8.9% CAGR Expected as Demand Soars for Natural Food Additives and Pharmaceutical Solutions
Over the projection period, sales in the sodium lactate industry are expected to increase at a CAGR of 8.9%. The industry is predicted to be valued at USD 165 million in 2023 and USD 390 million by 2033. As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural …
Phosphates Market Sales to Reach USD 21.4 billion by 2033: Growth Driven by Technological Advancements in Phosphate-Based Batteries
The global phosphates industry size is anticipated to reach a valuation of USD 16.8 billion in 2023, driven by increasing demand for specialty phosphates. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 2.4% between 2023 and 2033, and reaching a total valuation of approximately USD 21.4 billion by …
Global Pet Care Packaging Market to Reach USD 15.7 Billion by 2033 at a CAGR of 4% | FMI
The global pet care packaging market, currently valued at USD 10.6 billion in 2023, is projected to grow steadily and reach USD 15.7 billion by 2033. The market is set to expand at a compound annual growth rate (CAGR) of 4% over the forecast period, driven by rising demand for durable, lightweight, cost-effective, and versatile …