The direct methanol fuel cell industry size is poised to cross US$ 3.4 billion in 2024 and is likely to attain a valuation of US$ 12.2 billion by 2034. The market is projected to thrive at a staggering CAGR of 13.8% from 2024 to 2034. The need for portable electronics is growing since we live in a society where people move around constantly. …
Category Archives: Chemical Insights
Global Cement Board Industry Poised for Exponential Growth: Projections Show Market Value to Surpass US$ 21.9 Billion by 2033, Fueled by Versatility and Durability
The global cement board industry is experiencing robust growth, with an estimated value of US$ 12.6 Billion in 2023. According to recent market analysis, the sector is projected to witness a Compound Annual Growth Rate (CAGR) of 5.7% over the assessment period, reaching US$ 21.9 Billion by 2033. The surge in demand is attributed to the myriad …
Emerging Trends in Phosphor Screens: Industry to Hit US$ 359.5 Million by 2033 Driven by Healthcare and Electronics Industries
The global industry for phosphor screens is set to witness robust growth in the coming decade, with a projected value of US$ 359.5 million by 2033. This surge is primarily attributed to burgeoning demand from key industries such as healthcare, telecommunication, consumer electronics, and research and development institutes. According to the latest report from Future Market Insights, …
Chlorinating Agents Industry to Surpass US$ 107.2 Million by 2033 Driven by Diverse Industry Applications
The global chlorinating agents industry is poised for substantial growth, with a projected valuation of US$ 107.2 Million by 2033, according to a recent market analysis. The market’s expansion is attributed to the burgeoning demand for chlorinating agents across various industries including wastewater treatment, food and feed, electronics, and paper. Based on estimations by Future Market …
Global Chloroplatinic Acid Industry Set to Surge: Demand Projected to Reach US$ 4.7 Billion by 2032, Fueled by Booming Chemicals & Materials Sector
The global chloroplatinic acid market is poised for substantial growth, with demand projected to reach US$ 4.7 billion by 2032, according to a recent market analysis. In 2022, the market demand was valued at US$ 3.4 billion, with a forecasted Compound Annual Growth Rate (CAGR) of 3.2%. Chloroplatinic acid, also known as hexachloroplatinic acid, serves as a …
Rising Demand for Eco-Friendly Drilling Solutions Propels Drilling Polymers Industry Growth
The drilling polymers industry size reached US$ 2050.4 million in 2022. Demand for drilling polymers is likely to witness US$ 2132.4 million in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit a 3.5% CAGR. Revenue is anticipated to cross around US$ 3 billion by the end of 2033. There is a growing demand for environmentally friendly drilling polymers due …
FMI Report Forecasts Agricultural Lubricant Industry to Exceed US$ 826.7 Million by 2033, Fueled by Mechanized Farming Surge
According to a Future Market Insights (FMI) report, the global agricultural lubricant market value is expected to increase from US$ 484.1 Million in 2023 to US$ 826.7 Million by 2033. Over the forecast period, global agricultural lubricant demand is poised to surge at a CAGR of 5.5%. Several factors are expected to drive the growth of the agricultural lubricant market during the assessment period. These …
Europe Biomass Pellets Industry Surges: FMI Reports US$ 22,161.2 Million in 2033, with 6.9% CAGR
The Europe biomass pellets market, as reported by Future Market Insights (FMI), reached US$ 10,743.6 million in 2022. Demand for biomass registered a 6.3% year-on-year growth in 2022, indicating that the Europe market would reach US$ 11,387.5 million in 2023. Over the forecast period 2023 to 2033, Europe sales of biomass pellets are expected to exhibit a 6.9% CAGR. It is expected …
Asia Pacific Waterproofing Chemicals Industry Surges: Urbanization and Climate Change Propel Growth
In 2018, the Asia Pacific waterproofing chemicals industry had a value of US$ 363.1 million. By the end of 2033, the market is anticipated to reach US$ 1,223.1 million, reflecting a 9.6% CAGR between 2023 and 2033. In 2023, it’s expected to surpass a valuation of about US$ 491.1 million. Waterproofing chemicals are widely used in the construction sector. They play …
GCC Calcium Oxide Industry Set to Surge: FMI Report Forecasts US$ 245.4 Million Valuation by 2033 with 4.9% CAGR Growth
The Gulf Cooperation Council or, GCC calcium oxide market is projected to reach a market capitalization of US$ 245.4 million at a CAGR of 4.9% by the end of the forecast period 2023 to 2033. The growth of the building and construction sector in the region is projected to drive the market in the forecast period. Calcium oxide demand for soil …