According to Future Market Insights (FMI), the worldwide demand for paraffin wax market is expected to reach USD 10509.6 million in 2024 and USD 18253.6 million by 2034. The market is projected to rise at a CAGR of 5.7% by 2034. The industry is experiencing dynamic changes due to increasing demand from various industries, such as packaging, healthcare, and cosmetics. Sustainability efforts and creative uses …
Monthly Archives: November 2024
Polyvinyl Chloride Market Set to Expand at 3.6% CAGR, Boosted by Sustainable Manufacturing and Rising Industry Applications
The global polyvinyl chloride market size is estimated to reach USD 70156.2 million by 2024 and is set to grow at a CAGR of 3.6% from 2024 to 2034. It is estimated that worldwide sales of polyvinyl chloride will total USD 100115.7 million by 2034, driven by the increasing application of PVC in the healthcare sector. PVC flooring is affordable, durable, and easy …
Global Polycarbonate Sheet Market Sees Strong Growth, Driven by Renewable Energy and Electric Vehicle Trends
The global polycarbonate sheet industry value reached USD 1975.9 million in 2023. Over the forecast period, the value is anticipated to rise at 5.1% CAGR. The market is predicted to increase from USD 2076.6 million in 2024 to USD 3415 million in 2034. The global polycarbonate sheets market growth is set for propitious growth, invigorated by …
Rising Demand for Calcium Acetate in Dairy Products and Blood Dialysis to Fuel Market Growth Through 2029
The global calcium acetate industry demand is poised to witness steady growth throughout the forecast period (2019 to 2029), with a projected Compound Annual Growth Rate (CAGR) of 3%. Key drivers fueling this growth include the continuous demand from diverse end-use sectors such as pharmaceuticals, food & beverages, and textiles. Market analysis by Future Market Insights (FMI) …
Anti-Seize Compounds Market Set to Reach USD 236.4 Million by 2029 Amid Rising Infrastructure Investments and Construction Spending
According to the latest report by FMI, the global sales of anti-seize compounds market is expected to reach a valuation of USD 236.4 Million by 2029. Increasing urbanization and rapid industrialization are creating massive opportunities for the construction industry, and significantly contributing to the rising demand for anti-seize compounds. Substantial growth in the anti-seize compounds market …
Green Roofing Solutions: Revolutionizing the Industry with Sustainable and Energy-Efficient Materials
The global Roofing Material Market is expected to experience substantial growth over the next decade, driven by increasing urbanization, rising demand for eco-friendly roofing solutions, and significant investments in infrastructure projects. According to industry projections, the market size is expected to grow from an estimated USD 147.1 billion in 2024 to USD 231.1 billion by …
Increasing Environmental Regulations Fuel Nitric Acid Market Expansion in the Automotive Sector
The demand for nitric acid is influenced by its role in the production of ammonium nitrate, which is used in manufacturing explosives. Furthermore, the increasing demand for nitric acid in the automotive industry, electronics, and agrochemical sectors is projected to drive its growth in the forecasted period. The global nitric acid market growth is anticipated to attain a …
Ceiling Tiles Market Size Set to Reach USD 14,389.2 million by 2033, Driven by Sustainability and Energy-Efficient Building Trends
The ceiling tiles industry size is expected to reach USD 7,923.3 million by 2023 and USD 14,389.2 million by 2033, growing at a 6.1% CAGR. The growth in the construction and building industry has stimulated ceiling tile manufacturers to prosper. Ceiling tiles are becoming more popular throughout the world due to an increasing emphasis on decorating interiors …
Energy-Efficient Elastomeric Coatings Gain Popularity with Rising Demand for Sustainable Building Solutions
The global elastomeric coating market size is expected to reach USD 15760.5 million by 2034 in response to the growing demand for energy-efficient and sustainable building solutions. The industry is anticipated to reach USD 7874.8 million in 2024. This growth is attributed to the rising number of new product developments worldwide. The market is projected …
Global Solar Inverter Market Forecasted to be Valued at USD 20,883.04 Million by 2033, Growing at an Average 6% CAGR | FMI Report
The solar inverter market is set on a path of substantial growth, with forecasts predicting a robust Compound Annual Growth Rate (CAGR) of 6% leading up to 2033. By that year, the market anticipates reaching a notable valuation of USD 20,883.04 million. Noteworthy progress is expected by 2023, with a significant milestone targeting a valuation of USD …