The global thermoplastic pipe market, valued at USD 2.54 billion in 2023, is projected to grow to USD 3.83 billion by 2033, with a compound annual growth rate (CAGR) of 4.2% during the forecast period of 2023-2033, according to a recent report by Future Market Insights (FMI). The market is being driven by increasing demand …
Monthly Archives: November 2024
The Rising Demand for Automotive Interior Leather in Japan: Luxury, Durability, and Sustainability at the Forefront | FMI Reports
The automotive interior leather market in Japan is valued at USD 3,020.5 million in 2023 and is projected to reach USD 4,198.4 million by 2033. From 2023 to 2033, the market is expected to grow at a CAGR of 3.3%, driven by increasing demand for premium and luxury vehicle interiors. The Japanese automotive industry is …
The Automotive Lighting Market in Korea: Paving the Way for Innovation, Safety, and Sustainability | FMI Reports
The automotive lighting market in Korea is expected to grow at a modest CAGR of 2.4% through 2033. The industry is forecasted to present lucrative opportunities, with projected revenue increasing from USD 1,007.8 million in 2023 to USD 1,279.0 million by 2033. Korea’s automotive lighting industry is rapidly evolving, fueled by technological innovations, stringent safety …
Japan’s Automotive Lighting Industry Illuminated by Innovation, Safety, and Sustainability | FMI Reports
The automotive lighting market in Japan is projected to grow steadily, with demand expected to reach USD 2,633.7 million in 2023, up from USD 2,513.2 million in 2022. Sales of automotive lighting in Japan are forecasted to maintain a consistent growth trajectory, with a CAGR of 3.9% from 2023 to 2033. By the end of …
Western Europe’s Automotive Lighting Market to Shine Bright with Advancements in Technology and Sustainability | FMI Reports
The automotive lighting industry in Western Europe is projected to experience a steady growth rate of 5.3% CAGR through 2033. In 2023, the demand for automotive lighting in the region is expected to reach a valuation of USD 7,812.0 million. Looking ahead, sales of automotive lighting across Western European countries are forecasted to grow significantly, …
Western Europe’s Low Rolling Resistance Tire Market Set for Growth with Environmental Benefits Driving Demand | FMI Reports
The demand for low rolling resistance tires in Western Europe is expected to grow at a CAGR of 9.50% through 2033. This increase is primarily driven by stringent government regulations focused on enhancing fuel efficiency and reducing carbon emissions within the automotive sector. Rising environmental awareness among consumers has led to a surge in demand …
Advancements in Coatings and Application Technologies for Robotics: Addressing Environmental and Efficiency Concerns
The global coatings and application technologies for robotics market is on the brink of reaching a substantial valuation, projected to reach USD 18,141.9 million by 2023. The market is estimated to attain a total valuation of USD 38,925 million by 2033 and is predicted to record a CAGR of 7.9% from 2023 to 2033. The …
Animal Feed Additives Market to Grow at 6.9% CAGR, Projected to Reach USD 2034, FMI Reports
The global Animal feed additives market (Mercado de aditivos para piensos animales) is projected to increase from USD 55,842.2 million in 2024 to USD 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034. Feed additives are substances incorporated into animal diets to enhance the quality of feed, improve the quality of animal-derived food products, …
Aloe Vera Extracts Market to Reach USD 7.3 Billion by 2033, According to FMI Assessment
The global aloe vera extracts market is estimated to register a CAGR of 6.5% during the forecast period. The market is predicted to secure a valuation of USD 3.5 billion in 2023 and USD 7.3 billion by 2033. Aloe vera extraction is employed to create powders, gels, capsules, beverages, and concentrates. Consequently, the consumption of Aloe …
Global Perfume Ingredient Chemicals Market to Reach USD 12.4 Billion by 2033, Growing at a 5.7% CAGR
The global perfume ingredient chemicals market is anticipated to reach a valuation of USD 12.4 billion by 2033, growing at a steady compound annual growth rate (CAGR) of 5.7% during the forecast period. This growth is driven by factors such as increasing consumer demand for luxury and premium fragrances, rising disposable incomes in emerging …