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Showing posts from December, 2022

Geotextiles Market Forecast, Size and Gross Margin Analysis by 2030

  Geotextiles Industry Overview The global geotextiles market size was estimated at USD 6.72 billion in 2021 and is expected to register a CAGR of 6.5% in the forecast period .  Increased usage of geotextiles in a wide range of construction applications including roads, landfills, drainage structures, and harbors to enhance soil stabilization is anticipated to drive market growth over the forecast period. The extended lifespan and cost-effectiveness of geotextiles, coupled with growing environmental concerns regarding soil erosion, are projected to drive the demand for geotextiles. Promotional policies and initiatives by regulatory bodies have helped increase awareness regarding the benefits of geotextiles, thereby positively impacting the market growth. Gather more insights about the market drivers, restrains and growth of the   Global Geotextiles Market The increase in the usage of geotextiles in a wide range of construction applications in the U.S. such as drainage str...

Ultra-High Molecular Weight Polyethylene Market Drivers, Industry Survey and Business Development Analysis till 2030

  Ultra-High Molecular Weight Polyethylene Industry Overview The global ultra-high molecular weight polyethylene market size was valued at USD 1.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. Increasing demand from various applications such as batteries, medical-grade & prosthetics, additives, fibers, filtration, and membranes are significantly driving the growth of the ultra-high molecular weight polyethylene (UHMWPE) market. In addition, increasing product demand from defense applications and its superior physical properties as compared to other polymers are factors anticipated to significantly drive the market growth during the forecast period. Gather more insights about the market drivers, restrains and growth of the   Global Ultra-High Molecular Weight Polyethylene Market Ultra-high molecular weight polyethylene is gaining increasing acceptance in defense applications owing to its properties such as res...

Industrial Insulation Market Expected to Show a Significant Growth During the Forecast Period 2022 – 2030

  Industrial Insulation Industry Overview The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0%. Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period. However, the industry witnessed a severe downfall in the investments in the industrial sector, owing to the pandemic, thereby impacting the market. In addition, a dramatic fall in crude oil prices led to a drop in fiscal resources for oil-producing countries, which affected the product demand from the oil & gas sector. Gather more insights about the market drivers, restrains and growth of the   Global Industrial Insulation Market The market in the U.S. is expected to witness increased demand for insulation for industrial applications, such as machinery, boiler...

Thermoformed Plastics Market Dynamics, Growth Prospect and Consumption Analysis till 2030

  Thermoformed Plastics Industry Overview The global thermoformed plastics market size was estimated at USD 13.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% during the forecast period. Globally, the increasing demand for these products in the healthcare and pharmaceutical packaging sector is projected to be a key factor driving the market growth during the projection period. The thermoforming process involves the fabrication of plastic sheets by heating them, to convert them into a bendable form that can be molded into the desired shape as per the customer’s specifications. More recently, thermoformed plastics are being used as a metal replacement using the heavy gauge process, which provides applications in industries such as transportation, industrial equipment, aerospace, kiosks, and medical devices. Gather more insights about the market drivers, restrains and growth of the   Global Thermoformed Plastics Market In the medical i...

Advanced Ceramics Market Analysis, Size, Share and Forecast Report to 2030

  Advanced Ceramics Industry Overview The global advanced ceramics market size was valued at USD 103.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing penetration of advanced ceramics in various applications, along with the growth in medical and telecom industries, is anticipated to augment market growth over the forecast period. Advanced ceramic, also referred to as technical ceramic, offers improved magnetic, optical, thermal, and electrical conductivity. End-users have been able to reduce their production and energy costs with the help of advanced ceramics that provide high efficiency to end products. The Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption. Gather more insights about the market drivers, restrains and growth of the   Global Advanced Ceramics Market The demand for advanced ceramics in the U.S. is primarily driven by an increasing preference f...

Flavors And Fragrances Market to Gain Substantial Growth During the Forecast Period 2022-2030

  Flavors And Fragrances Industry Overview The global flavors and fragrances market size was valued at USD 23.35 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The demand for the product is anticipated to be driven by the rising demand and consumption of processed food and personal care and cosmetics products globally. Rising disposable income in emerging economies like India and China coupled with rapid population growth is expected to augment the demand for personal care and cosmetic products in the market. In addition, the busy lifestyle pattern upheld in developing as well as developed countries are anticipated to augment demand for processed food & beverages, thereby increasing the demand for flavors in the global market. Gather more insights about the market drivers, restrains and growth of the   Global Flavors And Fragrances Market Natural fragrances and flavors are costly due to their processing and d...

Flow Chemistry Market Size, Share and Competitive Landscape 2022-2030

  Flow Chemistry Industry Overview The global flow chemistry market size was valued at USD 1.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. Increasing awareness surrounding sustainable development and the growing pharmaceutical and chemical industries are some of the key factors fueling the industry growth. The COVID-19 pandemic resulted in an oil price collapse leading to a narrowing of feedstock cost advantage for chemical companies. This resulted in a decrease in the demand for reactors in the chemical industry, which generates a major part of the revenue for the industry. Moreover, these effects were felt by the  petrochemical  and pharmaceutical industries, thus negatively impacting the market growth. Gather more insights about the market drivers, restrains and growth of the   Global Flow Chemistry Market The pandemic exposed the pharmaceutical supply chain in the U.S. leading to many companies se...

Traffic Road Marking Coatings Market to Record Growth at 6.0% CAGR During the Forecast Period 2022-2030

  Traffic Road Marking Coatings Industry Overview The global traffic road marking coatings market size was valued at USD 4.92 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. Increasing spending on infrastructure development for constructing new highways and focusing on repair & maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting. The market has witnessed increasing investments in intelligent street marking systems and machines that help in recording the driver speed, driving conditions, and temperature while communicating it to the vehicle’s sensor system. Paint is widely used for travel lanes, loading zone, and parking space markings. Thermoplastic coat, which is also known as hot melt marking, is gaining advantage owing to...

Automotive Plastics Market Outlook and Forecast Analysis by Types to 2030

  Automotive Plastics Industry Overview The global automotive plastics market size was valued at USD 28.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. Globally, recovery in the automotive sector, improved vehicle design capabilities, and increasing focus on vehicle weight reduction and emission control are the key factors boosting the growth of the market for automotive plastics. Plastics are widely used in automotive components and parts owing to easy manufacturing, possible sourcing from renewable raw materials, and improved designs. The COVID-19 pandemic impacted the market due to a drop in new vehicle sales, the shutdown of production facilities, a limited supply of vehicle parts, and a decline in working capital. It led to the interruption in the supply chain and suspension of production, resulting in reduced retail sales. Furthermore, many individuals were uncertain about their jobs and the long-term economic and...

Animal Feed Additives Market Drivers, Industry Survey and Business Development Analysis till 2030

  Animal Feed Additives Industry Overview The global animal feed additives market size was valued at USD 39.6 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.5% from 2022 to 2030. This growth is attributable to the surging consumption of meat and animal-based products by consumers, the steadily increasing global population, and growth in the population of livestock. Animal feed additives are an essential component of breeding livestock, as they help in disease prevention in animals, improve the rate of weight gain, feed digestion, vitamin intake & conversion, and in so doing improve the quality of the meat. These are extensively utilized globally as they are vital for maintaining the overall health of the livestock on a commercial as well as non-commercial scale. Gather more insights about the market drivers, restrains and growth of the   Global Animal Feed Additives Market The U.S. has a significant meat-consuming population, whic...

Synthetic Paper Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2022 – 2030

  Synthetic Paper Industry Overview The global synthetic paper market size was estimated at USD 1026.9 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.5% from 2022 to 2030. The market is expected to grow significantly due to the inclination of consumers towards eco-friendly and recycled packaging. Synthetic paper is produced from synthetic resins that are extracted from petroleum. Exceptional properties offered by the material such as resistance against tear, chemical, moisture, and oil, along with better heat sealability, printability, and high strength is providing it an edge over the conventional paper. It is extensively used in industries, such as packaging, food and beverages, consumer goods, transportation, and pharma goods. Gather more insights about the market drivers, restrains and growth of the   Global Synthetic Paper Market The U.S. is one of the key markets for synthetic as the increasing awareness regarding the use of envi...

Intumescent Coatings Market Growth, Top Manufacturer Analysis and Forecast to 2030

  Intumescent Coatings Industry Overview The global intumescent coatings market size was estimated at USD 1,100.79 million in 2021 and projected to expand at a CAGR of 5.5% from 2022 to 2030. High product demand in the oil & gas sector, owing to stringent regulations, coupled with rise in exploration activities across the globe is likely to propel the market growth. Moreover, the demand from construction segment is expected to fuel market growth during the forecast period. Intumescent coatings are used in the oil & gas industry to provide fire protection to onshore and offshore steel structures at high temperatures of 1,100°C and above. They are also used to protect structural steel from moisture and chemical exposures, which makes the steel brittle. These coatings provide protection against pool fires and jet fires. Increasing energy demand is expected to fuel oil & gas industry, which, in turn, is expected to drive the demand for intumescent coating throughout the for...

Concrete Reinforcing Fiber Market Dynamics, Growth Prospect and Consumption Analysis till 2030

  Concrete Reinforcing Fiber Industry Overview The global concrete reinforcing fiber market size was estimated at USD 2.19 billion in 2021 and is expected to register a CAGR of 6.8% from 2022 to 2030. Increasing public investment in infrastructure construction coupled with a growing focus on environmentally safe products in construction is expected to help the industry growth. The rising demand for off-site construction is also expected to drive the demand for the concrete reinforcing fiber industry. The rising population coupled with rapid urbanization and industrialization in emerging economies is driven by the increase in construction spending is likely to boost the global construction industry. This, in turn, is projected to drive the demand for reinforced concrete in various construction applications, thereby driving growth. Gather more insights about the market drivers, restrains and growth of the   Global Concrete Reinforcing Fiber Market The market is expected to be dr...