According to a report by Future Market Insights (FMI), the commercial induction cooktop market will reach USD 12.74 billion by 2023, expanding to USD 22 billion by 2033 with a CAGR of 5.6%. Induction cooktops are becoming increasingly popular in restaurant kitchens due to their high efficiency, precise temperature control, and enhanced safety features. These …
Category Archives: Press Release
Global Sorting Equipment Market to Reach USD 8.9 Billion by 2033, Fueled by Advanced Sorting Solutions
The global sorting equipment market was valued at USD 3.9 billion in 2022, is anticipated to create an incremental opportunity of USD 4.16 billion by the end of 2023. By 2033, the market is projected to reach USD 8.9 billion, growing at a CAGR of 7.9% from 2023 to 2033. Sorting equipment—industrial machines designed to …
Global Chilled Water Storage System Market to Reach USD 322.9 Million by 2033, Fueled by Demand from Key Industries and Energy Efficiency Initiatives
The global chilled water storage system market is anticipated to be worth USD 165.7 million in 2023, with projections indicating it will grow at a CAGR of 6.9%, reaching USD 322.9 million by 2033. This expansion is primarily driven by increased demand from industries such as petrochemicals, oil & gas, pharmaceuticals, and food & beverages. …
Floor Screed Industry Value Expected to Reach USD 25610.9 million by 2034 Amid Rising Demand for Durable Flooring Solutions
According to Future Market Insights (FMI), the global floor screed market value is expected to increase from USD 14,231.7 million in 2024 to USD 25,610.9 million by 2034. The market is projected to surge at a CAGR of 6.1% by 2034. The increasing construction activity worldwide is the key factor contributing to the floor screed market growth. The need for dependable, high-quality flooring …
Ethyl Tertiary Butyl Ether Market Set to Surge: Projected Growth to USD 11 billion by 2032
Valued at USD 5.6 billion in 2022, the ethyl tertiary butyl ether industry size is driven to grow by factors like increasing demand from various end-use sectors such as chemical, petrochemical, paints and coatings, and others. The global industry size is projected to amass a revenue of USD 11 billion by 2032, with sales growing …
Agrochemical Additives Market to Reach USD 2.7 Billion by 2032: Key Growth Drivers and Challenges Ahead
The global agrochemical additives market size is anticipated to reach a valuation of USD 2.7 Billion by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to the increase in population, which triggers demand for crops and vegetable production. While the …
Trimer Acid Market Forecast: Projected Growth to USD 442 Million by 2032 Amid Rising Demand for Bio-Based Adhesives and Synthetic Lubricants
The global trimer acid industry size is expected to bolster phenomenal growth with a healthy CAGR of 4% during the forecast period from 2022 to 2032. As per FMI estimations, the industry will surpass the revenue of USD 442 Million by 2032. The market reached USD 288.4 Million in 2021 and is estimated to touch USD 299.29 Million in 2022. The …
Future of High-Performance Fibers: Industries Embrace Advanced Materials for Sustained Growth Through 2033
As per the latest market estimation published by Future Market Insights (FMI), the global high performance fibers for defense market size are anticipated to reach a value of USD 34,283.7 million in 2032. Robust development in the military & defense sectors, increasing government expenditure to advance military infrastructure, and growing research and development programs to develop …
Rising Demand for Alcohol Ethoxylates: A Key Growth Driver in Diverse Industries, Projected to Reach 4.2% CAGR by 2032
The demand for alcohol ethoxylates is accelerating across industries such as oil & gas, home & personal care, and pharmaceuticals. Alcohol ethoxylates are utilized across diverse industries due to their soluble nature. The global sales of the market are projected to grow at a steady CAGR of around 4.2% between 2022 and 2032. Alcohol ethoxylates are classified as non-ionic …
Thermoformed Plastics Market Size Set to Reach USD 66.12 Billion by 2032: Driving Growth Through Medical Innovations and Sustainable Practices
The global thermoformed plastics industry sales were worth USD 40.86 Billion in the year 2022 and is expected to reach USD 66.16 Billion by the year 2032 at a CAGR of 5.5% between 2022 and 2032. The pharmaceutical packaging sector is the major end-user of thermoformed plastics. The process of thermoforming involves fabricating plastic sheets by …