The global self-sealing bags market is projected to witness significant growth, with revenues expected to reach approximately USD 6,231.1 million by 2032, up from USD 3,647.9 million in 2022, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2032. Self-sealing bags, which serve as carrier pouches, have seen increasing adoption …
Monthly Archives: November 2024
Security Tape Market to Reach USD 6.9 Billion by 2034, Driven by Innovations in Tamper-Evident Technology
The global security tape market is projected to experience significant growth, with an estimated valuation of USD 5.1 billion in 2024, reaching a forecasted value of USD 6.9 billion by 2034. According to industry forecasts, the market is expected to grow at a compound annual growth rate (CAGR) of 3.1% over the next decade. In 2023, the …
Global Functional Composite Market Set for 9.0% CAGR Growth, Projected to Reach USD 134 Billion by 2034
The functional composite market is projected to reach a value of USD 56.7 billion in 2024, following a strong growth rate of 10.9% in 2023. From 2024 to 2034, the market is expected to maintain robust expansion, with a compound annual growth rate (CAGR) of 9.0%. By 2034, the market value is anticipated to grow …
Manufacturing Execution Systems (MES) Market to Reach $27.6 Bn by 2032
The Asia Pacific Manufacturing Execution Systems (MES) Market is expected to see substantial growth over the next decade, as industrialization surges across the region and the manufacturing sector intensifies its focus on digital transformation. According to the latest report from FMI, the Asia Pacific MES market size was valued at USD 12,435.0 million in 2022 …
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Global Glacial Acetic Acid Market Size Set to Reach USD 16521.8 million by 2034, Driven by Strong Chemical Sector Growth
The global glacial acetic acid industry size is projected to be valued at USD 8801.6 million in 2024 and further increase at a CAGR of 6.5% during the forecast period. Worldwide sales of glacial acetic acids are set to total USD 16521.8 million by 2034. The demand for glacial acetic acid is driven by the growth of the chemical sector, particularly in Asia, …
Oxalic Acid Demand Soars as Key Industry Players Turn to Effective Cleaning and Bleaching Solutions
The global oxalic acid market size is expected to attain a valuation of USD 960 million in 2023 and is anticipated to reach USD 1550 million by 2033, trailing a CAGR of 4.9% during the forecast period. Oxalic acid plays a crucial role in various biological processes, impacting seed germination, calcium storage and regulation, iron …
Sulphur Hexafluoride Demand Surges, Driven by Growth in Electronics, Medical Applications, and HVDC Transmission
The global sulphur hexafluoride market size is projected to amass a revenue of USD 487.93 million by 2033 as opposed to USD 288.37 million in 2023. The market is set to expand at a CAGR of 5.4% from 2023 to 2033. Escalating demand for electronic devices and electricity, as well as the increasing adoption of …
Petrochemical Industry Growth Spurs Demand for Advanced Refinery Catalyst to Meet Fuel Efficiency Standards
Increasing use of transportation fuel is likely to have a direct impact on the demand for refinery catalysts, according to a recent report published by Future Market Insights (FMI). The evolving composition of transportation fuel composition requirements to match the environmental regulations and changes in engine design are expected to drive the refinery catalyst market. Catalytic …
Ammonium Phosphate Market Faces Regulatory Challenges in Europe and North America, Slower Growth Expected
The demand from the fertilizers segment remains steady and even surges in emerging economies. The projected growth rate of the ammonium phosphate industry size is approximately 3.3% over the course of the forecast period (2019 to 2029). Other end-use industries such as electronics and optics are complementing the growth of the ammonium phosphate market. Stringent regulatory norms …
Feldspar Market Growth Driven by Rising Demand for Glass, Ceramics, and Coatings in Construction and Electronics
The global feldspar industry size is expected to grow at a CAGR of 5.5% over the forecast period from 2019 to 2029. In addition, the rising need for electronics and an increasing number of construction activities are some of the other dynamics that will continue to raise the demand for feldspar. Increasing demand for glass and ceramic …