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Monthly Archives: December 2024
Boric Acid Industry Set to Reach USD 1,438.1 million by 2034 Driven by Industrial Growth and Construction Boom
The boric acid market sales are projected to reach USD 1,438.1 million by 2034, growing at a 5.4% CAGR. In 2024, the industry size stands at USD 851.7 million, driven by factors like rapid industrialization and increased construction activities. Boric acid is experiencing significant growth due to its widespread use in various industries, including oil, lubricants, …
Rising Industrial Demand Boosts Global Cellulose Derivative Market to USD 10.3 billion by 2033 | FMI
The global cellulose derivative industry size is estimated to secure a valuation of USD 6.1 billion in 2023 and reach USD 10.3 billion by 2033. The market secured a CAGR of 5.4% during the forecast period. Which Factors are Driving the Global Market? Several factors are influencing the global market to contribute to growth and …
Braze Alloys Industry Set to Reach USD 4,285.1 million by 2033, Driven by Sustainability and Automotive Growth | FMI
The market survey by FMI found the global sales of braze alloys, in terms of value, reached a net worth of around USD 2,678.9 million in 2022. Furthermore, this report predicts the whole market could experience strong growth this year and reach an estimated value of about USD 2,759.3 million. During the projection period of FMI …
Rising Infrastructure Investments and Energy Efficiency Needs Propel Global Condensing Unit Market
In 2023, the global condensing unit industry size is anticipated to be worth USD 40.607 billion. During the projection period from 2023 to 2033, the market is expected to thrive at a 6.6% CAGR to generate USD 76.944 billion. Cooling Solutions on the Rise: Exploring the Global Condensing Unit Market Factors such as rising demand …
Rising Demand from Automotive, Construction, and Wind Energy Sectors Fuels Basalt Fiber Market Growth
The value of the basalt fibre industry is anticipated to reach USD 275.2 million in 2024 and is expected to reach USD 824.8 million by 2034. The forecasted CAGR for the market between 2024 and 2034 is 11.60%. The basalt fibre industry is being propelled forward by the increasing demand for lightweight and high-strength materials across various industries such as automotive, construction, and …
Global Specialty Oils Industry Size Projected to Reach USD 178.8 billion by 2033 | FMI
According to FMI, between the years 2023 and 2033, the demand for specialty oils is projected to expand at a consistent CAGR of 3.3%. By 2033, the global market is projected to have a significant valuation of USD 178.8 billion as a result of this promising growth trajectory. Research on the production of specialty fats and …
Global Stainless Steel Foil Industry Size to Surge to USD 10.4 Billion by 2032: Key Drivers and Growth Trends
The global stainless steel foil market share is poised for substantial growth, with an anticipated market size of USD 6.3 billion by 2022, projected to expand to USD 10.4 billion by 2032. This market is expected to demonstrate robust growth with a commendable compound annual growth rate (CAGR) of 6.2% over the forecast period from …
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Multifuel Gas Turbine Market Shows Steady Growth, Reaching USD 6.5 Billion by 2033, with a CAGR of 2.8 %
The global multifuel gas turbine market size is likely to be valued at USD 4.9 billion in 2023. The increasing demand for clean energy power generation is driving the market growth. The market is estimated to garner USD 6.5 billion in 2033, recording a CAGR of 2.8% from 2023 to 2033 The increasing application of multifuel gas turbines in various industries such as …