The global potassium metabisulfite market is projected to exceed US$ 393.9 million in 2023 and grow at a CAGR of 4.4%, reaching an estimated US$ 605.8 million by the end of 2033.
As of late 2022, potassium metabisulfite sales for food processing represented approximately 71% of the global market share. The primary driver of this growth is the strong demand from the wine industry, where potassium metabisulfite is essential for preserving the original taste and color of the wine. This…
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Added by Yashi Vaidya on September 16, 2024 at 5:41am —
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The global potassium metabisulfite market is projected to exceed US$ 393.9 million in 2023 and grow at a CAGR of 4.4%, reaching an estimated US$ 605.8 million by the end of 2033.
As of late 2022, potassium metabisulfite sales for food processing represented approximately 71% of the global market share. The primary driver of this growth is the strong demand from the wine industry, where potassium metabisulfite is essential for preserving the original taste and color of the wine. This…
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Added by Yashi Vaidya on September 16, 2024 at 5:27am —
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The super magnetic particles market was valued at US$ 1.8 billion in 2021 and is projected to grow at a robust CAGR of 15.5% from 2022 to 2032, reaching an estimated valuation of US$ 6.7 billion by the end of 2032, according to a recent Fact.MR report.
The COVID-19 pandemic created significant opportunities for the super magnetic particle market. The demand for rapid testing kits surged dramatically, especially during 2021 when the world faced the second wave of the pandemic. With…
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Added by Yashi Vaidya on September 16, 2024 at 3:35am —
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The dielectric gases market is expected to grow at a rate of 7% from 2022 to 2032, reaching a valuation of US$ 252.37 million by the end of this period. This growth is primarily driven by the need to protect critical equipment from sudden voltage disruptions, which helps to ensure equipment longevity and prevent industrial hazards.
From 2015 to 2021, the dielectric gases market experienced a CAGR of 6.5%, culminating in a value of US$ 118.8 million. During the early stages of the…
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Added by Yashi Vaidya on September 13, 2024 at 6:26am —
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According to a recent Fact.MR report, the nanoclay market was valued at US$ 1.9 billion in 2021 and is projected to grow at a CAGR of 12% from 2022 to 2032. By the end of 2032, the market is expected to reach a valuation of US$ 6.4 billion. Smectite nanoclay alone is expected to contribute an absolute dollar opportunity of over US$ 2.8 billion during this period.
Government regulations promoting the use of polymer nanocomposites are driving the demand for nanoclays, particularly in…
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Added by Yashi Vaidya on September 13, 2024 at 6:11am —
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According to Fact.MR, a market research and competitive intelligence provider, the global aerospace composites market is projected to reach a valuation of US$ 41.4 billion in 2023. The market is anticipated to grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2033.
Composite materials are becoming increasingly vital in aerospace component manufacturing. With growing concerns over fuel consumption in conventional aircraft, there is a rising demand for lightweight,…
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Added by Yashi Vaidya on September 13, 2024 at 5:55am —
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The oxygen scavengers market is currently valued at US$ 2.2 billion and is projected to reach US$ 3.6 billion by 2032. This growth is driven by changing consumer preferences, increasing urbanization, and the rising demand for packaged foods. The expanding use of oxygen scavengers in various industries such as pharmaceuticals, chemicals, and oil & gas is also expected to contribute significantly to market growth over the forecast period. Additionally, increasing investments in developing…
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Added by Yashi Vaidya on September 12, 2024 at 3:48am —
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According to the latest report by Fact.MR, the global ethylene vinyl alcohol (EVOH) market is valued at US$ 1.7 billion in 2022 and is projected to grow at a CAGR of 6.4% over the forecast period from 2022 to 2032. The market's expansion is primarily driven by the increasing demand from the packaging industry, where EVOH is extensively used in the production of films, pouches, and bags.
The food and beverage sector is a major contributor to this growth, as EVOH is commonly employed…
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Added by Yashi Vaidya on September 12, 2024 at 3:27am —
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According to Fact.MR, a market research and competitive intelligence provider, the global underwater concrete market is valued at US$ 193.11 billion in 2023. This demand is expected to surge, reaching US$ 441 billion by the end of 2033. The growing trend of urbanization and the increasing number of underwater construction projects are creating lucrative opportunities for market players over the next decade.
The rising demand for underwater concrete is primarily driven by the need for…
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Added by Yashi Vaidya on September 12, 2024 at 3:12am —
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A recent research analysis by Fact.MR on the global Ultra-High Molecular Weight Polyethylene (UHMW PE) Market provides an in-depth overview of the market, examining its product, end-user, and regional segments. The report also highlights key players and the strategies they are employing to gain a competitive advantage.
The growing demand for strong and lightweight materials across various industries is expected to be a primary driver of UHMW PE demand in the coming years. The…
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Added by Yashi Vaidya on September 11, 2024 at 6:54am —
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The consumption of thermal conductive adhesives is on the rise in integrated circuits as the demand for advanced technologies continues to grow. Increased investments by key stakeholders in energy storage solutions are also driving demand for these adhesives. As a result, the global thermal conductive adhesives market is projected to grow at a CAGR of nearly 6% during the forecast period (2019-2029).
"The dramatic increase in demand for thermal conductive adhesives is attributed to…
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Added by Yashi Vaidya on September 11, 2024 at 6:42am —
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According to a newly published report by Fact.MR, a market research and competitive intelligence provider, the global Stucco Market is valued at US$ 11.93 billion in 2023 and is expected to grow at a CAGR of 3.7% through 2033. This growth is largely driven by the increasing demand for stucco, which is closely linked to the significant expansion in both residential and non-residential construction worldwide.
Stucco plaster has gained popularity for its ability to deliver an excellent…
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Added by Yashi Vaidya on September 11, 2024 at 6:25am —
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The sodium chlorate market share in Europe has been dominant for the past five years, the foreseeable future tells a different story. The Asia-Pacific excluding Japan (APEJ) region is on the verge of seizing the lead, thanks to the swift expansion of paper and pulp manufacturing facilities in this area.
The worldwide sodium chlorate market has experienced a moderate growth rate, with a compound annual growth rate (CAGR) of 4.1% over the past five years. Nevertheless, the persistent…
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Added by Yashi Vaidya on September 10, 2024 at 6:41am —
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The global propanediol market was valued at approximately US$ 20.6 million in 2022 and is projected to reach US$ 29 million by 2032, growing at a CAGR of 3.5% over the forecast period from 2022 to 2032.
Propanediol (PDO) represents about 4.4% of the global chemicals used in personal care products. Consumption of propanediol in the personal care sector is expected to grow at a CAGR of around 3.5%, with its market value estimated to reach US$ 29.2 million by the end of…
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Added by Yashi Vaidya on September 10, 2024 at 6:14am —
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The global sodium sulphite market is projected to grow at a CAGR of 2% between 2020 and 2030. Although the COVID-19 pandemic negatively impacted market revenues, innovation in various regions is driving new applications for sodium sulphite, particularly in industries such as pharmaceuticals and oil refineries. The rising demand from chemical industries for sodium sulphite as a reducing agent is expected to support market growth over the forecast period.
"The water treatment sector is…
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Added by Yashi Vaidya on September 10, 2024 at 5:48am —
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According to the latest analysis by Fact.MR, a market research and competitive intelligence provider, the global protective coatings market is valued at US$ 25.25 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2023 to 2033. The rising demand for protective coatings, driven by their ability to extend the lifespan of assets in industries such as automotive, construction, marine, and aerospace, is fueling market growth.
Additionally, the focus on improving the…
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Added by Yashi Vaidya on September 9, 2024 at 6:48am —
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The silicone coatings market in North America holds a commanding market share of 32.3% and is projected to achieve an estimated valuation of US$ 3.95 billion by the conclusion of 2032. This upward trajectory is primarily fueled by substantial investments in the industrial sector and the widespread adoption of silicone coatings across various industry verticals in the region.
The global silicone coatings market is valued at US$ 6.64 billion and is anticipated to rise to US$ 11.8…
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Added by Yashi Vaidya on September 9, 2024 at 6:13am —
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According to Fact.MR, global intumescent coating sales are projected to grow at a CAGR of approximately 3%, surpassing US$ 1 billion by 2031, with passive fire protection emerging as a key application area. The oil & gas industry is expected to account for over 40% of global intumescent coating demand, driven by extensive exploration and extraction activities in key regions.
Intumescent coatings are widely used across various end-use industries, including building &…
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Added by Yashi Vaidya on September 5, 2024 at 5:48am —
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The global potassium metabisulfite market is projected to exceed US$ 393.9 million in 2023 and grow at a CAGR of 4.4%, reaching an estimated US$ 605.8 million by the end of 2033.
As of late 2022, potassium metabisulfite sales for food processing represented approximately 71% of the global market share. The primary driver of this growth is the strong demand from the wine industry, where potassium metabisulfite is essential for preserving the original taste and color of the wine. This…
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Added by Yashi Vaidya on September 5, 2024 at 5:33am —
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According to a recent report by Fact.MR, a market research and competitive intelligence provider, the global polyamide market is projected to reach a valuation of US$ 31.8 billion in 2024, with an expected CAGR of 3.6% from 2024 to 2034.
Polyamides, a group of textile materials composed of proteins and peptides, can be both natural (such as wool and silk) and synthetic (such as sodium poly aspartate and nylons). The automotive industry is increasingly utilizing polyamides in…
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Added by Yashi Vaidya on September 5, 2024 at 5:18am —
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