The biocomposites market is expected to grow from US$ 19,268.62 million in 2022 to US$ 46,851.39 million by 2028; it is estimated to grow at a CAGR of 16% from 2022 to 2028. Biocomposites are composite materials made from natural fibers, including wood fiber, flax, jute, and help, and are reinforced in a polymeric resin matrix. The...
The EMC filtration marketis expected to grow from USD 861million in 2022 and is projected to reach USD 1,160million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period. Increasing regulations for environment and EMC across various industries such as industrial automation and medical will propel the growth opportunities...
The energy recovery ventilator core market is projected to grow from USD 947 million in 2022 to USD 1,360 million by 2027, at a CAGR of 7.5% from 2022 to 2027. The global market for energy recovery ventilator core are driven by factors such as rise in residential and commercial construction projects in many developing countries, regulations...
China’s demand for Stabilizer has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The global floor grinding tools market size is projected to grow from USD 124 million in 2022 to USD 155 million by 2027, at a CAGR of 4.5% from 2022 to 2027. The growth of the floor grinding tools market is attributed to their high demand in griding, polishing and burnishing applications. Demand for commercial spaces such as offices, shopping...
The global building insulation market in 2021 was valued at US$28.38 billion, and is likely to reach US$33.00 billion by 2026. Building insulation serves in keeping heated interior spaces warmer in the winter and air-conditioned spaces cooler in the summer. Reducing thermal energy transfer not only makes places more pleasant, but it is also...
The global concrete restoration market size is estimated to be USD 15.0 billion in 2021 and is projected to reach USD 20.4 billion by 2026, at a CAGR of 6.2%. The high growth of concrete restoration can be attributed to the growing number of construction repair projects globally due to the rising population, rapid urbanization, and increased...
The Nitrile Butadiene Rubber (NBR) Market is valued at over 1,000 kilotons in 2021 and is projected to register a CAGR of over 5% during the forecast period (2022-2027). Due to the COVID-19 outbreak, nationwide lockdown around the globe, disruption in manufacturing activities and supply chains, production halts have negatively impacted...
The variable frequency drive market is anticipated to grow from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. The advantages associated with the use of variable frequency drives include reduced energy consumption and costs, increased energy efficiency, extended equipment life,...
The high-performance insulation materials market is expected to register a CAGR of 7.61% during the forecast period (2022-2027). Key Highlights The growing usage in the oil and gas industry and rising awareness regarding greenhouse emissions and energy savings are likely to drive the growth of the high-performance...