Sodium lactate find extensive applications in the food & beverage industry, pharmaceutical and cosmetic and personal care products owing to its superior properties and cost-effective nature. As per a new study by Future Market Insights (FMI), the demand for sodium lactate will increase by 8.8% between 2021 and 2031. Focus on reducing the cost of production to …
Category Archives: Press Release
Sodium Hydroxide Market is Forecast to Increase and reach US$ 43.7 Billion by end of 2031
Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for sodium hydroxide market, finds by Future Market Insights (FMI) in a recent research study. According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn …
Stainless Steel Market is Estimated to Expand at a CAGR of 5.5% during the Forecast Period of 2021-2031
Stainless steel market is anticipated to reach US$ 193.97 Bn by the end of 2031 owing to the increasing demand from various industries. As per a study by Future Market Insights (FMI), the growing demand for corrosion resistant material. With high tensile strength material in various sectors such as chemical industries, petrochemicals industries, food and beverage …
Expanded Polypropylene (EPP) Foam Market is Projected to Exhibit 6.0% CAGR between Period from 2021 and 2031
Rising demand for lightweight vehicles is expected to drive sales in the expanded polypropylene (EPP) foam market. According to a study by Future Market Insights (FMI), the market is expected to exhibit 6.0% CAGR between 2021 and 2031 Globally, the growth of global expanded polypropylene (EPP) foam market is driven by the increasing demand from automotive …
Veneer Sheets Market is Projected to Grow and Reach a Value of US$ 41,163 Million by end of 2031
As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031. Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. In a new study, FMI has …
Sulfone Polymers Market is Expected to Grow at 5.0% CAGR between Forecast Period from 2022 and 2030
The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030. According to the report, the surge in demand from the healthcare and …
Carbon Steel Market is Anticipated to Witness a Growth Rate of 5.1% over the Forecast Period of 2022 and 2030
The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the …
Wood Plastic Composite (WPC) Floorings Market is Expanding at a Remarkable CAGR of 7.0% by end of 2032
Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period. There …
Gold Plating Chemicals Market is Expected to Reaching a Value of about US$ 629.0 Million by the end of 2030
Driven by the surging industrial uses, the gold plating chemicals market is forecast to grow at 4.4% CAGR through 2030. Future Market Insights (FMI), in its recent study, has identified the expanding applications in electronics as a chief market driver. As key players in the sector aim at innovation and commercializing their product portfolio, the scope for …
Precipitated Barium Sulphate Market is Forecast to Witness a Growth Rate of 3.8% CAGR between 2022 and 2030
The precipitated barium sulphate market has been gaining significantly from the expansion of construction and renovation works. In addition, the rising demand for effective coatings in automotive sector is compounding growth prospects for the market. Future Market Insights (FMI), in its latest study, has forecast the market to rise at 3.8% CAGR between 2020 and 2030. Companies operating …