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Showing posts from June, 2024

Ethylbenzene Industry Size, Share, Demand & Growth by 2034

  The increasing use of ethylbenzene in end-use industries such as packaging, electronics, construction, and agriculture is expected to boost the growth of the global ethylbenzene market during the forecast period.  The global  ethylbenzene industry  is expected to secure US$ 32,508 million while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 23,053.6 million in 2024. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene. On the contrary, the increasing concerns related to ethylbenzene hazards are expected to hinder market expansion in the coming time. In addition to this, stringent rules and regulations of various governments regarding the usage of ethylbenzene are other factors projected to hamper the industry growth in the forecast period. Request Sample Report!  https://www.futuremarketinsights.com/reports/sample/rep-gb-14709 Key Takeaways from the

Rare Gas Industry Size, Share, Demand & Growth by 2034

  In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen are used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector. According to Future Market Insights (FMI), the global  rare gas industry  is expected to grow at a  5.1% CAGR , reaching  US$ 6.5 Billion  by 2034. Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places. Moreover, growing applications in the aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for ion thrusters. As the number o

Acoustic Insulation Industry Size, Share, Demand & Growth by 2033

  The  acoustic insulation industry  is maneuvering on account of surging consumer interest in acoustic insulation, for residential and commercial purposes. The commercial buildings incorporate retail, offices, cinema, and other leisure outlets to conduct operations of companies. Acoustic insulation materials are widely used in floors, waste-water pipes, walls, ceilings, plant rooms, etc.   The global acoustic insulation industry is forecast to expand at 5.8% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 15,061.4 million in 2023.  Commercial buildings follow specific guidelines to prevent internal noise, external noise intrusion, and noise from building services. Nonetheless, the kind of insulation required in commercial buildings differs on the basis of the building structure and its requirements. Commercial construction has been expanding at a substantial pace in the Asia Pacific and the Middle East and

Immersion Cooling Industry Size, Share, Demand & Growth by 2032

  The global  immersion cooling industry  is expected to reach a valuation of  US$ 2,547.9 Million by 2032 , with the demand growing at an astounding  CAGR of 21.7% from 2022 to 2032 . Scaling up from a value of US$ 297.8 Million in 2021, the target market is likely to reach an estimated US$ 357.3 Million in 2022. Escalation in levels of data output and data processing all over the world is projected to fuel the growth of the immersion cooling market. Strict carbon emission control regulations coupled with a demand for high density and computation requirements will bolster the growth of the target market during the forecast period. IT infrastructures generate high levels of energy and it is immensely important to lessen or stop the heat from the components. These two factors work together to drive the demand for the immersion cooling market. Immersion cooling enhances the productivity of data centers. Thus, the rising popularity of the target market has resulted in its acquisition

Laminating Adhesives Industry Size, Share, Demand & Growth by 2033

  The global  laminating adhesives market  is projected to amass a revenue of US$ 6.2 billion by 2033, with sales growing at a restored and positive CAGR of 6.1% from 2023 to 2033. Historically, the target market recorded an average CAGR of 4.7 % from 2017 to 2022.  The laminating adhesive market will likely reach an estimated US$ 3.5 billion in 2023. The estimated growth for the forecast period can be attributed to heightened demand from various end-use sectors like packaging, healthcare, food and beverages, manufacturing, and pharmaceuticals, among others. The packaging industry, particularly, generates a strong demand for laminating adhesives. Lamination adhesive is an essential part of the manufacturing process of flexible packaging goods. The rising awareness of the advantages of flexible packaging such as its lightweight aspect, easier handling, less space requirement, smoother transportation, extended shelf life, protection from damage, and improved printability further prom

Acrylic Polymer Industry Size, Share, Demand & Growth by 2034

  The global  industry size for acrylic polymer  is estimated to be around  US$ 683.1 million in 2024 . In 2023, the market was valued at  US$ 642.6 million , and it is projected to exhibit a growth of  5.9%  over the forecast period. The industry is estimated to cross a valuation of  US$ 1,200 million by 2034 . The increasing demand from the construction industry is the key reason for the growth of the acrylic polymer market. The rising disposable income in emerging economies also drives consumer spending on durable and aesthetically pleasing goods, further boosting the demand for acrylic polymer-based products in various consumer applications. However, raw material price volatility poses a challenge, as fluctuations in the prices of acrylic monomers can impact manufacturers’ production costs and profit margins. While driving the adoption of eco-friendly solutions, stringent environmental regulations can also increase compliance costs for industry players. The market’s dependency

Biocides Industry Size, Share, Demand & Growth by 2033

  The  biocides industry  is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is anticipated to surpass US$ 12.5 Billion by 2033, while it holds a revenue of US$ 8.9 Billion in 2023. A wider range of applications as a preservative and germ-controlling agent is propelling the growth of the biocides market. Furthermore, advanced pharmaceutical companies are implementing biocides to shelf their medicines for longer usage. In expanding packaged food industry, look for an affordable preservation option provided through biocides. Restoration of the FMCG sector has also ended up thriving the growth of the biocides market. Emerging economies such as India and China are building their medical and pharmaceutical industry. Even India has been recognized as the “pharmacy of the world” as it fuels the manufacturing and production of drugs, flourishing the sales of biocides solutions. The use of phenolics biocides in different surgical procedures has also be

Phosphates Industry Size, Share, Demand & Growth by 2033

  The global  phosphates industry  is anticipated to reach a valuation of US$ 16.8 billion in 2023, driven by increasing demand for specialty phosphates. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 2.4% between 2023 and 2033, and reaching a total valuation of approximately US$ 21.4 billion by 2033. One of the primary factors driving the growth of the phosphates market is the agricultural expansion. The expansion of agricultural activities worldwide is a major driver of the phosphates market. Phosphates play a crucial role in promoting plant growth, improving crop productivity, and enhancing soil fertility. The demand for food is increasing, as the global population continues to grow, leading to the need for higher agricultural yields. Phosphates are essential components of fertilizers and soil amendments used to replenish phosphorous levels in the soil. The increasing adoption of modern farming techniques and the focus on sustainab

Biophotonics Industry Size, Share, Demand & Growth by 2033

  As per the latest market research conducted by FMI, the global  biophotonics industry  is expected to record a CAGR of 11.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 54,320.0 million. By 2033, the valuation is anticipated to reach US$ 1,58,457.0 million. Increased product releases and approvals by regulatory agencies to key players in the market are likely to boost market expansion over the forecast period. For instance, a medical technology company called Kleresca announced the introduction of a new rosacea treatment in August 2018. It is founded on the distinct and patented biophotonic technology developed by Kleresca, which makes use of fluorescent light energy to activate the skin’s natural repair processes through photobiomodulation. On the other hand, as the majority of pharmaceuticals are still covered by patents, only a few selected firms have the ability to benefit from medical solutions. This is one of the main factors that ca

Functional Films Industry Size, Share, Demand & Growth by 2033

  The  functional films market  is anticipated to expand its roots at a steady CAGR of 7.2% between 2023 and 2033. The market is anticipated to cross a market share of US$ 54,294.8 million by 2033, while it is likely to be valued at US$ 27,090.1 million in 2023. Advanced packaging solutions, along with the introduction of biocompatible and biodegradable material in functional film production, are leading the market. Furthermore, the long-range of applications such as emulsions, laminations, food and beverages, and packaging industry. The use of electronic films on smart devices, such as device lamination, along with the application of its usage on glass, is increasing the demand for functional films demand. Vendors are focusing on delivering reliable, flexible, and protective functional films demand for the end users. The latest carbon dot biopolymer-based functional films are being used in antioxidant and food monitoring applic

Expanded Polypropylene (EPP) Foam Industry Size, Share, Demand & Growth by 2033

  The  expanded polypropylene (EPP) foam market  is anticipated to thrive at a steady  CAGR of 11.4%  between 2023 and 2033. The market is expected to have a share of  US$ 5.52 billion  by 2033, while it is likely to be valued at  US$ 1.87 billion  in 2023. The advent of smart packaging with insulation, more online shopping activities, and other industrial applications are flourishing market growth. Furthermore, the diverse range of product applications is also increasing the sales of EPP foam. The expanding automotive sector, with enhanced cushioning in the seats and other vehicle parts, is also consuming a big chunk of the market. Alongside this, the restoration of the building and construction industry with the absorption of new advancements is likely to transform the market. Different grades and pricing increased industrial investment, and easy availability is expected to penetrate the end-user preferences while also dominat