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The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with …
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The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecasted the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions. Rising per capita …
The global n- Heptane market is anticipated to expand at a steady5.7% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. The growth of the paints and coatings industry, which drives the n-Heptane market, is being fueled by rising automobile production and rising building and construction activities. Rising demand in …
Continue reading “N-Heptane Market is Projected to Increase at a Robust 5.7% CAGR between 2022-2032”
The global trimmer acid market is anticipated to expand at a 3.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI). Increasing demand of adhesives & sealants and synthetic lubricants is driving the market of trimer acid. Growing utilization of trimer acid in polymers and other chemical products is further expected to boost the consumption of …
According to Future Market Insights (FMI), biocides market is expected to witness growth at 3.5% CAGR between 2021 and 2031. Growing demand for biocides from various industries such as, water treatment, paints & coatings, wood preservatives, oil & gas, cleaning chemicals, agrochemicals, paper & pulp and others is expected to bolster the sales over the assessment period. Increasing consumption …
In its latest study, Future Market Insights (FMI) has forecast the demand for 1,4-Dicyclohexylbenzene to rise in chemical, paints and coatings, and electrical and electronics industries. As per the research report, the 1,4-Dicyclohexylbenzene market is expected to register growth at 3.7% during the forecast period of 2021-2031. Growth in automobile sales will fuel the demand for 1,4-Dicyclohexylbenzene owing to its …
The phosphates market will generate revenue, surpassing US$ 16.1 Bn in 2021. Between 2021 and 2031, the market is forecast to exhibit compound annual growth rate (CAGR) of 2.4%. Food and feed grade phosphates are set to register a positive growth outlook with a CAGR of 2.3% through the assessment period. The global phosphates market has witnessed steady demand from numerous end use industries …
The report investigates the commercial RAC PD compressor market and provides key insights over the forecast period of 20222-2028. A rise in food & beverage production, coupled with the growth of cold chain capacities to ensure efficient storage of food, is anticipated to support the demand for commercial RAC PD compressor, worldwide, over the forecast period. A …
As per the findings of the report, the global collaborative robots market is anticipated to experience substantial growth over the forecast period due to multiple driving factors such as, growing adoption of automation in end-use industry and reduction in labor cost coupled with high precision work and high regional demand for collaborative robots. As per …
Worldwide sales of bandsaw machines is estimated to total ~ 200 thousand units in 2022, with an estimated increase of ~ 3.9% year over year, according to the recent research study published by Future Market Insights (FMI). The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting …