The automotive lighting industry in Western Europe is projected to experience a steady growth rate of 5.3% CAGR through 2033. In 2023, the demand for automotive lighting in the region is expected to reach a valuation of USD 7,812.0 million. Looking ahead, sales of automotive lighting across Western European countries are forecasted to grow significantly, …
Category Archives: Press Release
Western Europe’s Low Rolling Resistance Tire Market Set for Growth with Environmental Benefits Driving Demand | FMI Reports
The demand for low rolling resistance tires in Western Europe is expected to grow at a CAGR of 9.50% through 2033. This increase is primarily driven by stringent government regulations focused on enhancing fuel efficiency and reducing carbon emissions within the automotive sector. Rising environmental awareness among consumers has led to a surge in demand …
Advancements in Coatings and Application Technologies for Robotics: Addressing Environmental and Efficiency Concerns
The global coatings and application technologies for robotics market is on the brink of reaching a substantial valuation, projected to reach USD 18,141.9 million by 2023. The market is estimated to attain a total valuation of USD 38,925 million by 2033 and is predicted to record a CAGR of 7.9% from 2023 to 2033. The …
Animal Feed Additives Market to Grow at 6.9% CAGR, Projected to Reach USD 2034, FMI Reports
The global Animal feed additives market (Mercado de aditivos para piensos animales) is projected to increase from USD 55,842.2 million in 2024 to USD 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034. Feed additives are substances incorporated into animal diets to enhance the quality of feed, improve the quality of animal-derived food products, …
Aloe Vera Extracts Market to Reach USD 7.3 Billion by 2033, According to FMI Assessment
The global aloe vera extracts market is estimated to register a CAGR of 6.5% during the forecast period. The market is predicted to secure a valuation of USD 3.5 billion in 2023 and USD 7.3 billion by 2033. Aloe vera extraction is employed to create powders, gels, capsules, beverages, and concentrates. Consequently, the consumption of Aloe …
Global Perfume Ingredient Chemicals Market to Reach USD 12.4 Billion by 2033, Growing at a 5.7% CAGR
The global perfume ingredient chemicals market is anticipated to reach a valuation of USD 12.4 billion by 2033, growing at a steady compound annual growth rate (CAGR) of 5.7% during the forecast period. This growth is driven by factors such as increasing consumer demand for luxury and premium fragrances, rising disposable incomes in emerging …
Boron Trifluoride & Complexes Market: Catalyzing Growth in Chemical and Pharmaceutical Sectors
Boron trifluoride (BF3), a compressed, non-flammable gas, holds a pivotal role in multiple industries, driving substantial growth in the global market. The versatile compound finds extensive applications across diverse end-use sectors, positioning it for impressive growth in the coming years. Among the industries fueling this expansion, the chemicals and petrochemical sectors stand out as …
Surging Demand for Technical Coil Coatings: Boosted by Infrastructure and Furniture Sectors
Technical coil coating is a process in which a coating material is applied on the metal strip in a continuous process. The technical coil coating process involves chemical pre-treatment of the metal surface on either one side or both the sides. The process is used in many industries like construction, transportation, furniture etc. According to …
Adsorbent Market Outlook: Rising Demand in Water Treatment and Air Purification
The global adsorbent market, valued at USD 5,757.10 million in 2024, is poised for significant growth, projected to reach USD 10,117.20 million by 2034. This expansion, driven by increasing demand across various industries such as water treatment, air purification, and chemical processing, reflects a robust compound annual growth rate (CAGR) of 5.80% over the …
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Strong Growth Ahead: PP Homopolymer Market Set to Reach USD 101.28 Billion by 2033 with a 5.1% CAGR
The polypropylene (PP) homopolymer market is poised for significant growth, with an anticipated compound annual growth rate (CAGR) of 5.1% from 2023 to 2033. As industries continue to seek cost-effective, durable, and versatile materials, the demand for PP homopolymer is expected to surge, reaching a market valuation of USD 101.28 billion by 2033. This …