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Showing posts from January, 2024

Industrial Coatings Market Growing demand from the manufacturing sector

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  Industrial coatings are applied on machinery, tools, engines, buildings and structures to protect them from physical and chemical wear and tear. They provide properties like corrosion resistance, chemical and heat resistance. With rapid industrialization and growth in manufacturing sector, demand for capital goods have increased tremendously. The growing manufacturing output have led to increased demand for industrial machinery, equipment and infrastructure which requires protective and decorative coatings for enhanced durability and aesthetics. The global Industrial Coatings Market is estimated to be valued at US$ 47.23 billion in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The key trend driving growth in the Global Industrial Coatings Market Size is growing manufacturing sector output in emerging economies like China, India Brazil etc. Rapid industri

The global Industrial Automation and Control Systems Market Growth Accelerated by Adoption of Sustainable and Energy Efficient Solutions

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  Industrial automation and control systems are used for managing, controlling and operating various processes in industries through monitoring, regulating and controlling electromechanical processes. These systems help in improving operational efficiency, monitoring and controlling industrial processes remotely with minimum human efforts. The global Industrial Automation and Control Systems Market is estimated to be valued at US$ 201.06 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Adoption of sustainable and energy efficient solutions is one of the key trends driving growth of the Global Industrial Automation And Control Systems Market Size . Governments across the globe are encouraging industries to adopt energy efficient automation solutions to reduce carbon footprint as well as optimize energy consumption. Automation systems integrated with IoT and

The Global Humic Acid Market Growth Accelerated by Wide Applications in Agricultural Sector

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  Humic acid products offer various benefits such as higher nutrient uptake, enhanced plant growth and yield, increased soil microbial activity. They are widely used in horticulture and agriculture sectors to improve soil fertility and structure. The global humic acid market is estimated to be valued at US$ 1318.24 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand for organic farming is one of the key trends driving the growth of the humic acid market. Humic substances help to create a fertile soil environment for organic farming by enhancing nutrient availability to plants. They aid in sustainable farming practices by improving soil health. This trend has led to an increase in adoption of humic acid products by organic farmers globally. Further, the rising consumer preference for chemical-free food products has also augmented the de

The global hot melt adhesives market Growth Accelerated by Increasing Demand in Packaging Industry

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  Hot melt adhesives are used for packaging applications such as case and carton sealing due to their ability to form strong and durable bonds between various materials. Hot melt adhesives are available in different forms such as blocks, pellets or ribbons and provide instantaneous bonding when applied with heat. The global hot melt adhesives market is estimated to be valued at US$ 9.04 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from the packaging industry has been a major factor driving the growth of the hot melt adhesives market. Packaging manufacturers are increasingly utilizing hot melt adhesives for case and carton sealing applications as well as other purposes such as application of labels, product assemblies and bookbinding. Hot melt adhesives allow for high production speeds, quick setting times and wide range of subst

The global Hormone Replacement Therapy Market Growth Accelerated by Demand For Symptom Relief

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  Hormone Replacement Therapy products provide symptom relief from conditions arising due to hormonal changes associated with menopause, andropause and others. These therapies help alleviate symptoms such as hot flashes, night sweats, mood swings and others through administration of hormones like estrogen, progesterone and testosterone. The global Hormone Replacement Therapy Market is estimated to be valued at US$ 16460.66 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the Global Hormone Replacement Therapy Market Size is the increasing adoption of customized therapy. With growing awareness, customers are increasingly demanding therapy customized to their individual needs and symptoms. This has led manufacturers to offer therapy options which can be customized based on the severity of symptoms, lifestyle

Hemp Fiber Market Set for Exponential Growth

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  Hemp fiber is derived from the stalks of the hemp plant and finds application in industries such as textiles, paper, construction, automotive and insulation due to its desirable properties. It provides an eco-friendly alternative to glass fibers and is known to be longer and stronger than cotton fibers. The global hemp fiber market is estimated to be valued at US$ 6.64 Bn in 2023 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Growth in the Global Hemp Fiber Market Size is being driven by rising demand from the textile industry. Hemp fibers are being increasingly used in the production of fabrics, yarns and denim due to properties such as moisture absorption, temperature control, breathability and durability. According to the European Industrial Hemp Association, the global production of hemp textiles increased from 25,000 tonnes in 2016 to 35,000 tonnes in 20

Urea Formaldehyde Market Growth Accelerated By Rising Demand From Construction And Automotive Industries

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  Urea formaldehyde is a type of formaldehyde resin used in construction, automotive and other industrial applications such as binders, adhesives, and molded or extruded plastic parts. It offers benefits like excellent tensile and compressive strength, moisture resistance and durability. The growing construction activities along with expansion of automotive sector has been augmenting the demand for urea formaldehyde. The global Urea Formaldehyde Market is estimated to be valued at US$ 17521.61 Bn in 2024 and is expected to exhibit a CAGR of 22.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising demand from the construction and automotive industries has been a key trend driving the growth of the Global Urea Formaldehyde Market Size . Urea formaldehyde resins are widely used in the construction industry for manufacturing particleboards, medium-density fiberboards, and laminated wood products th

Intramedullary Nail Market Growth Accelerated by Rise in Road Accidents and Sports Injuries

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  Intramedullary nails are medical devices used for fixation of fractured long bones. They help stabilize fractured bones and allow early mobilization of patients. Intramedullary nails are placed inside the medullary canal using minimally invasive insertion techniques. They offer several advantages over traditional plating techniques such as decreased soft tissue stripping, minimized blood loss, and early recovery. The global Intramedullary Nail Market is estimated to be valued at US$ 2.25 Bn in 2024 and is expected to exhibit a CAGR of 18.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid increase in the number of road accidents and sports injuries have accelerated the demand for intramedullary nail procedures over the past few years. As per estimates, road accidents claim over 1.35 million lives each year globally. Also, participation in adventure sports and extreme events has surged manifold w

Insulin Glargine Market Growth Accelerated by Growing Burden of Diabetes Mellitus

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  Insulin glargine is a long-acting basal human insulin analog used for the treatment of diabetes mellitus. It has a protracted duration of action of over 24 hours after single daily administration and provides effective improvement in glycemic control along with low risk of hypoglycemia compared to intermediate-acting human insulin. The global Insulin Glargine Market is estimated to be valued at US$ 1.68 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising prevalence of diabetes across the globe has accelerated the adoption of insulin therapy. According to the International Diabetes Federation, approximately 537 million adults aged 20-79 years were living with diabetes in 2021, and this number is expected to rise to 643 million by 2030 and 783 million by 2045. Insulin glargine is one of the key drugs used for the treatment of diabetes. Therefore

Industrial and Institutional Cleaning Chemicals Market Growth Accelerated by Increasing Demand from Commercial and Institutional Sectors

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  Industrial and Institutional Cleaning Chemicals are used for maintaining hygiene and cleanliness in various industries and institutional sectors. They help remove impurities, grease, stains and germs to prevent the spread of diseases. The increasing awareness regarding health and hygiene along with strict regulations is driving the demand for these chemicals from commercial spaces like hospitals, hotels, restaurants, educational institutions etc. The global Industrial and Institutional Cleaning Chemicals Market is estimated to be valued at US$ 62.64 Bn in 2023 and is expected to exhibit a CAGR of 18.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends augmenting the growth of the Global Industrial And Institutional Cleaning Chemicals Market Size is the increasing demand from commercial and institutional sectors. Various industries and institutional sectors are focusing more on cle

Injection Molding Materials Market Growth Accelerated by Increased Adoption in Medical Devices

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  Injection molding materials are widely used for manufacturing medical devices like syringes, dental appliances, catheters etc owing to their versatility, cost-effectiveness and precision. Injection molding caters to complex designs while ensuring repeatability. It reduces manufacturing costs by shortening production cycle times. The global Injection Molding Materials Market is estimated to be valued at US$ 330.32 Bn in 2024 and is expected to exhibit a CAGR of 36.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of injection molding materials in the medical device sector is one of the key trends driving the market growth. The stringent regulations pertaining to sterilization and biocompatibility are prompting medical device manufacturers to use specialized plastics and elastomers that can withstand autoclave sterilization and meet USP Class VI requirements. Additionally, the ris

The global Food Service Equipment Market Growth Accelerated by Rising Demand for Enhanced Food Services

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  Food service equipment includes various appliances and utensils that are used for food preparation and cooking in commercial establishments like restaurants, cafes, hotels, etc. These include cooking equipment like ovens, stoves, fryers, ranges, etc. that help prepare and cook a variety of food items efficiently. There is also a growing need for refrigeration equipment, storage and handling equipment, dishware, serving utensils and other accessories across food service establishments. The global Food Service Equipment Market is estimated to be valued at US$ 41.29 Bn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for food service equipment is being accelerated by the rising number of foodservice outlets across the world. Rapid urbanization, changing lifestyles and increasing consumption of food away from home are some of the key factors contr

The Global Foldable Container House Market Growth Accelerated By Increased Demand For Sustainable Living Space

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  Foldable container houses are portable dwelling units constructed using shipping containers. They offer sustainable and durable abode options for people seeking alternative accommodations. Foldable container houses provide environment-friendly, reusable, and affordable residential units. They can be easily assembled and disassembled as per the need. The global Foldable Container House Market is estimated to be valued at US$ 9.8 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand for sustainable living spaces has been a key trend fueling the growth of the foldable container house market. Consumers, especially millennials, are looking for housing options that minimize environmental footprint. Foldable container houses satisfy this demand as they are manufactured from recycled shipping containers, thus promoting reuse of resources. Their

The Europe Tissue Europe Tissue and Hygiene Paper Market Growth Accelerated by Sustainability Initiatives

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  Tissue and hygiene paper products like toilet paper, facial tissues, paper towels, napkins are essential household and personal care consumables. These papers are made from renewable wood fiber and are ultimately biodegradable. There is an increased focus on producing these papers in a more sustainable manner through responsible forest management and use of recycled fibers. The Europe Tissue Europe Tissue and Hygiene Paper Market is estimated to be valued at US$ 60.14 Billion in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: he increased focus on sustainability in the Europe Tissue And Hygiene Paper Market Size is a key trend expected to drive growth over the forecast period. Major manufacturers are investing in sustainable production practices like responsible sourcing of wood fibers through programs like the Sustainable Forestry Initiative and increased

The global Europe Fast Fashion Market Growth Accelerated by Increased Online Retail

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  The fast fashion trend has gained massive popularity in the Europe over the past decade. Fast fashion clothing items are trendy, inexpensive copies of high-end designs that allow consumers to refresh their wardrobes regularly at affordable prices. Fast fashion products cater to the ever-changing trends and allow consumers to stay stylish at lower costs. The growing working women population and rising disposability income levels have boosted the demand for affordable yet fashionable clothing in Europe. The global Europe Fast Fashion Market is estimated to be valued at US$ 48.34 million in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the Europe fast fashion market is increased online retail. The COVID-19 pandemic has accelerated the shift towards online shopping, as consumers preferred staying indoors for safety. Fast fashio

The global Snow Boots Market Growth Accelerated by Rising Demand for Winter Sports and Activities

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  Snow boots are waterproof and insulated footwear designed for snow-based outdoor activities and winter sports. They provide warmth, traction, and protection against extreme weather conditions during winter. With features like removable liners, adjustable closures, and durable rubber soles, snow boots facilitate snowshoeing, skiing, snowboarding and other recreational activities on snow. The global Snow Boots Market is estimated to be valued at US$ 2412.74 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising popularity of winter sports and outdoor recreational activities has been a key driver boosting the demand for snow boots across regions with harsh winter climates. According to a study, the number of participants in skiing, snowboarding and winter hiking increased by over 30% from 2020 to 2023. Snow boots address the need for sturdy and ins

The global polyurea coatings market Growth Accelerated by Increasing Demand from Construction Industry

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  Polyurea coatings are protective coatings which provide resistance to corrosion, chemical and abrasion. They are used as protective linings on infrastructure, such as bridges, tunnels, tanks and pipelines. Polyurea coatings have superior adhesion properties and quick drying time which makes them suitable for use in construction activities. The global polyurea coatings market is estimated to be valued at US$ 1.32 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the polyurea coatings market is the increasing demand from the construction industry. Polyurea coatings are increasingly being used in construction projects such as bridges, pipelines, wastewater containment structures etc as protective coatings due to their superior corrosion and abrasion resistance. They have high durability and flexibility which a