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Showing posts from November, 2024

Road Aggregates Market Present Scenario and Growth Prospects 2032

  The global road aggregates market share is set to experience substantial growth, with a projected compound annual growth rate (CAGR) of 6.8% over the forecast period. According to the latest analysis by Future Market Insights (FMI), the market, currently valued at USD 367.70 billion in 2022, is expected to soar to  USD 709.91 billion by 2032 . This growth is driven by increasing demand from the construction sector and significant investments in highway expansion. Road aggregates are granular materials such as gravel, limestone, and crushed rock used primarily as a base layer in road construction. They are combined with water and cement for their final application on roads, providing strength, toughness, and stiffness. These materials are crucial in the construction of roads, bridges, tunnels, and other infrastructure projects. Read more: https://www.futuremarketinsights.com/reports/road-aggregates-market The surge in demand for road aggregates is closely lin...

Polysulfide Market Size, Share & Demand by 2033

 Over the projection period, sales in the polysulfide market are expected to increase at a CAGR of 3.5%. The market is predicted to be valued at USD 3 billion in 2023 and  USD 6 billion by 2033 . An emerging trend is the increasing use of polysulfides in the production of fuel-efficient tires. Polysulfides are used as a coupling agent in the production of silica-reinforced tire treads which reduces rolling resistance and improves fuel efficiency. A significant opportunity is the use of polysulfides in the production of biodegradable plastics. Polysulfides can be used as a cross-linking agent in the production of biodegradable plastics, which can replace traditional petroleum-based plastics and reduce environmental impact. Read More: https://www.futuremarketinsights.com/reports/polysulfide-market There is a growing demand for polysulfide-based sealants and adhesives in the construction industry due to their ability to withstand harsh environmental conditions. Poly...

Automotive Sector Fuels Demand for Veneered Panels in the United Kingdom

  The booming automotive industry is anticipated to increase sales of veneered panels due to their essential role in interior bodywork. This surge reflects a growing trend towards premium materials that enhance vehicle aesthetics and functionality. According to Future Market Insights (FMI), the  United Kingdom veneered panel industry size  is forecast to expand from USD 276.7 million in 2023 to USD 495.5 million by 2033. Total sales of veneered panels across the United Kingdom are projected to rise at 6.0% CAGR from 2023 to 2033. The rising usage of veneered panels across thriving construction, automotive, and furniture sectors is a prominent factor driving the United Kingdom market. Similarly, developing new and innovative veneered panel products will act as a catalyst to trigger sales in the United Kingdom market. Veneered panels with enhanced fire-resistant properties are becoming increasingly sought after in industries where fire safety is a priority, such as construc...

Ready-Mix Concrete Market Growth Driven by Growing Demand for Sustainable Construction Materials

  The global  ready-mix concrete market share  is expected to accumulate over USD 696.2 billion in 2023 and is projected to reach USD 1488.74 billion by 2033, trailing a CAGR of 7.9% during the forecast period. Ready-mix concrete is being increasingly embraced for various construction applications, including manufacturing facilities, residential and commercial buildings, power generation facilities, and road construction. The growth of infrastructure sectors worldwide, combined with rapid urbanization, is the key factor expected to drive industry expansion in the foreseeable future. The growing need for rapid construction across residential, commercial, industrial, and infrastructure sectors is projected to fuel the ready-mix concrete (RMC) market. The advantages of ready-mix construction, including cost savings on labor and site supervision, as well as simplified pouring techniques, are likely to attract a larger consumer base in the near future. Moreover, the constructi...

Acrylic Acid Market Demand by Size, Share & Growth

  According to a recent study by Future Market Insights, the  acrylic acid industry sales  is expected to reach  USD 22.6 Billion  by 2032, up from  USD 14.6 Billion   in 2022, expanding at a CAGR of 4.5%. The rise in demand for methacrylate-based polymers for the manufacturing of lighting fixtures, glazing, automotive rear lights, and electronic displays has witnessed significant growth, which in turn, represents prominent growth in the acrylic acid market over the analysis period. Acrylic acid-based polymers have replaced conventionally used materials in major end-use industries, such as automotive, building and construction, electronics, and others. Acrylic acid-based elastomers such as AEM (Ethylene Acrylic Elastomers), are used as an alternative to synthetic rubber in various applications, such as an automotive gasket, hoses, and others. In addition, owing to the improved properties of AEM, such as strength, and resistance, among others, there is ...

Lithium Mining Market Demand by Size, Share & Growth

  The global lithium mining market production is anticipated to accrue a value of  USD 3.4 billion in 2032 , as opposed to a valuation of USD 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and ceramic manufacturing and the emergence of electronic vehicles that augment the demand for lithium-ion batteries facilitate the growth of the lithium mining market. The ongoing technological innovations and widespread lithium use in air treatment also drive the expansion of the lithium mining market size during the forecast period. The shift witnessed in the design and advancement of battery technology along with concerns regarding the decline in fossil fuels will likely stimulate market growth for lithium mining. The fall in the availability of fossil fuels, rising carbon emissions, and emphasis on alternative sources of power encourage greater lithium mining. It is esti...