The global fiber cement board industry value is likely to jump from USD 10,980.6 million in 2023 to USD 16,890 million by 2033. This estimated growth is expected to be driven by a steady CAGR of 4.4% in the global fiber cement board market over the next decade. Increasing demand for high-performing fiber cement board building solutions …
Category Archives: Chemical Insights
Recycled Scrap Metal Industry Forecasted to Reach USD 103.97 Billion by 2032, with a CAGR of 5.4%
By 2022, the market for recycled scrap metal is expected to be worth more than USD 61.45 billion. The automotive, shipbuilding, building, construction, and infrastructure sectors are likely to see an increase in demand for recovered scrap metal. The market is anticipated to develop at a compound yearly growth rate of 5.4% between 2022 and …
Smart Card IC Market Forecasted to Reach USD 6.5 Billion by 2034 with 6.8% CAGR | FMI
The smart card IC market will be worth USD 3.3 billion in 2024. The market’s growth is expected to accelerate significantly between 2024 and 2034, with a CAGR of 6.8% compared to 9.0% in 2023. By 2034, the market value is expected to reach USD 6.5 billion. Smart card integrated circuits are in high demand …
Satellite Launch Vehicle Market to Hit USD 76.8 Billion by 2034, Driven by 13.9% CAGR | FMI
In 2024, the market for satellite launch vehicles is projected to be worth USD 20.9 billion. From 2024 to 2034, the market is anticipated to grow at a 13.9% CAGR. The market value is expected to reach USD 76.8 billion by 2034. The growing need for satellite applications—which are now utilized for a variety of …
Wood Pellets Industry Forecast: Market Valued at USD 24,345.6 Million by 2033, Growing at 10.2% CAGR
The wood pellets industry is projected to be valued at US$ 10,037.6 million in 2023 and is expected to rise to USD 24,345.6 billion by 2033. The sales of wood pellets are expected to record a significant CAGR of 10.2% during the forecast period. The wood pellets market is experiencing significant growth due to escalating environmental …
Oilfield Chemicals Industry Forecast: Market Valued at USD 44,580 Million by 2033, Growing at 4.5% CAGR
The global oilfield chemicals industry is expected to reach a valuation of USD 28534.31 million in 2023 and is projected to accumulate USD 44580 million by 2033, trailing a CAGR of 4.5% during the forecast period. The global market is anticipated to be driven by increasing demand for oilfield chemicals in various petroleum operations, including drilling, …
Tire Materials Industry Forecast: Projected to Create a Significant USD 99.99 Billion Incremental Opportunity by 2028
The tire materials industry is expected to experience strong growth in the coming years due to a number of factors. One major driver is the growing demand for electric and hybrid vehicles, which require specialized tires made out of high-quality materials. Tire manufacturers are responding to this demand by upgrading their production processes and exploring new materials …
Ethylene Dichloride Industry Forecast: Anticipates Impressive Valuation of USD 28,785.48 Million by 2033
The global ethylene dichloride industry is on the brink of a substantial valuation, projected to reach USD 20,016.4 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the ethylene dichloride market. The trend is expected to open doors to new opportunities within the market, with a projected CAGR of 3.7% …
Market Outlook: Turpentine Industry Set for 5.60% CAGR, Anticipates Expansion to USD 2,598.64 Million by 2034
The turpentine industry size is anticipated to reach a valuation of USD 1,506.98 million in 2024. The industry is likely to surpass USD 2,598.64 million by 2034. The escalating demand for natural and sustainable raw materials across diverse sectors. The demand for turpentine is projected to expand at a CAGR of 5.60% through 2034. Turpentine, derived …
Market Outlook: Calcite Industry Set for 5.9% CAGR, Projected to Reach USD 20.22 Billion by 2033
As per Future Market Insights, the value of the global calcite industry in 2022 was USD 10.76 billion. The increasing demand for plastic and paper packaging is anticipated to be the main factor driving the growth of the calcite industry. This has produced an anticipated amount of USD 20.22 billion by 2033, with a CAGR of …