Monthly Archives: August 2024

Vegan Cheese Market Projected to Achieve USD 8.2 Billion Valuation by 2034 | FMI

The global vegan cheese market is poised for substantial growth, with projections indicating that the market will reach a valuation of USD 8,231 million by 2034, up from USD 3,467 million in 2024. This represents a robust compound annual growth rate (CAGR) of 9% over the forecast period. The rising popularity of veganism, coupled with increasing consumer awareness about the environmental and health …

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Electronic Toll Collection Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

It was estimated that the electronic toll collecting market sector will bring in a total of around US$11.43 billion by the end of 2022. International demand for electronic toll collection systems is anticipated to grow at a compound annual growth rate (CAGR) of 10.6% between 2023 and 2033. It is anticipated that the size of the worldwide …

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Rapid Growth in Plant-Based Beverage Market at 5.92% CAGR, Meeting Needs of Lactose Intolerant and Vegan Consumers

The need for plant based beverage is predicted to rise at a moderate CAGR of 5.92% through 2034. The industry is projected to surpass US$ 665.8 billion by 2034. The surge in the trend of veganism is helping to promote the demand for plant based beverages across the globe. The expansion and the rise in lactose intolerance rates leads the global …

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Global Feed Enzymes Market Forecast: Strategic Insights and Growth Projections for 2023 to 2033

The global feed enzymes market size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period. In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative Several developed markets have banned …

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Physical Security Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

During the forecast period of 2022–2032, the physical security market is anticipated to expand gradually at a value CAGR of 6.3%. This market was anticipated to have a global market valuation of US$ 117 billion earlier in 2021 and is anticipated to reach US$ 229.11 billion by 2032. Physical security methods are used to protect equipment and …

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Hydrophobic Coatings: Driving Innovation and Global Expansion in the Electronics Sector

The hydrophobic coating market (Markt für hydrophobe Beschichtungen) has seen tremendous growth in recent years, with a market valuation of USD 2,276.1 million in 2024 and expected to reach a peak of USD 3,849.6 million by 2034, at a CAGR of 5.4%. The market growth can be attributed to the fast-paced industrialization and widespread implementation of …

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Global Organic Pigments Market Poised for Significant Expansion, Expected to Nearly Double by 2032

The global organic pigments market (Markt für organische Pigmente) is poised to experience a steady growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 4.5% throughout the forecast period. As of 2022, the market is valued at USD 5862 Million, and it is expected to witness substantial expansion, reaching an estimated high of …

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Industrial Lubricants Market Growth Accelerates with Advancements in High-Tech Machinery

The industrial lubricants market (Markt für Industrieschmierstoffe) is projected to reach USD 35,140.9 million in valuation by 2033, having crossed USD 22,845.9 million in valuation in 2023. A compound annual growth rate (CAGR) of 4.4% is anticipated for the industrial lubricants market share between 2023 and 2033. Industries are implementing increasingly sophisticated and innovative machinery …

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Ethanol Market Growth Fueled by Rising Demand in Biofuels and Alcoholic Beverages

The ethanol market (Ethanolmarkt) is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2033, from USD 114.02 billion in 2023 to USD 178.78 billion by 2033. Previously, the ethanol industry had a CAGR of 3.9% from 2018 to 2022. The substance is increasingly used as a biofuel, which fuels …

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Eco-Friendly and Fire-Resistant: Fiber Cement Leads the Future of Construction Materials

The fiber cement market is projected to grow at a steady CAGR of 4.7% from 2023 to 2033, reaching a market share of USD 28.68 billion by the end of this period. This growth is driven by increasing demand for durable and low-maintenance construction materials, particularly in residential and commercial building projects. Fiber cement’s resistance to weather, …

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