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Future Market Insights (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global feldspar market size reached around US$ 1.3 Bn in 2018. Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which …
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Global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from Asia Pacific market. Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate sheets. Request …
The global nitric acid market is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021. Demand for nitric acid is increasing, as it is a component of many fertilizers. Fertilizers are used to boost agricultural output in order …
Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market. Further, superior property …
The global vertical immersion pumps market is projected to grow with a year-on-year growth of 3.7% in 2022, reaching US$ 3,613.8 Mn by the end of 2022. Growth is primarily attributed to advent of automation industry-wide and adoption of IoT devices. Overall sales in the market are anticipated to increase at a CAGR of 4.9% between 2022 and 2032. It is especially suitable …
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The global hydraulic cylinder market is expected to grow at a moderate CAGR of 4.2 %, reaching nearly US$ 22.3 billion by 2032, up from US$ 14.2 billion in 2021. Increased spending on infrastructure development and natural resource mining is expected to be the primary factor driving hydraulic cylinder market sales. Growing technical improvements in the …
The global precision gearbox machinery system industry is poised to increase at a steady CAGR of 5.8%, reaching US$ 8.95 Bn by 2032 from US$ 5 Bn in 2021. Manufacturing technological advancements to improve energy efficiency, accuracy, and reliability in operations are likely to fuel industry growth. Many companies are focusing on automating the assembly line with …
As per the plain bearing market report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period. Plain bearing applications are driving the market forward. Increased infrastructure spending, emerging technological projects, and heavy machinery development in China, India, the United States, Germany, …
The power device analyzer market in the Asia Pacific is booming because of rising marine traffic, the rise of electric vehicles, and government legislation. In 2020, Asia Pacific accounted for 54.2 per cent of the global power device analyzer market. China, Japan, South Korea, Australia, India, and the Rest of Asia Pacific make up this regional market. A …
Continue reading “Asia Pacific Power Device Analyzer Market Accounted For 54.2 % Of The 2022, FMI”
As per a recent report published by FMI, the DC switchgear market is expected to record an average CAGR of 6% during the forecast period. The region’s dominance in the global market is due to the implementation of innovative grid programs by several governments in this region and enormous investments for modernizing electricity transmission and distribution networks. Over the …
