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Showing posts with the label Advanced Material

Limestone Market is Anticipated to Witness High Growth Owing to Increasing Construction Activities

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  Limestone is a sedimentary rock composed primarily of calcite and aragonite which are different crystal forms of calcium carbonate (CaCO3). Limestone has a wide variety of applications including construction materials, industrial materials, agricultural materials and ornamental materials. Limestone is extensively used in cement manufacturing where it is heated along with other materials to from clinker which is then ground to produce cement. It is also commonly used in road construction and making of concrete. With the growing construction activities across the globe, the demand for limestone is increasing significantly. The Global limestone market is estimated to be valued at US$ 986.6 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the Global Limestone Market Size are Merck KGaA, Thermo Fisher Scientific Inc., Avantor, Inc., Lonza Group Ltd., Bio-Rad Laboratories, Inc., Sartorius AG, Corning...

Safety Instrumented Systems: Reducing Risks in Process Industries

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  Process industries deal with hazardous materials and complex operations on a daily basis. Any mishap can have severe consequences like damaging equipment, harming people and polluting the environment. To prevent such undesirable situations, industrial facilities install Safety Instrumented Systems (SIS). Let's take a deeper look into these vital safeguarding mechanisms. What are Safety Instrumented Systems? A Safety Instrumented System is an independent and parallel protective layer installed in a process plant apart from the basic process control system. It performs safety instrumented functions like monitoring process variables, detecting abnormal situations and activating ESD (Emergency Shutdown) to avert hazardous conditions. SIS are engineered with stringent reliability targets to maintain operations within safe design limits. They differ from basic process control systems which aim to optimize production efficiency without considering safety. The sole purpose of SIS ...

U.S. Plastic-to-Fuel Market Growth Accelerated by Increased Demand for Plastic Waste Management

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  The U.S. plastic-to-fuel market has witnessed a surge in demand over the recent past owing to increasing plastic waste accumulation and stringent government regulations pertaining to plastic waste management and recycling. Plastic-to-fuel is an emerging technology that converts non-recyclable plastic waste into valuable commodities like gasoline, diesel, and various petrochemical feedstocks. This process involves complex chemical recycling of plastic through thermal cracking and pyrolysis. The technology offers an eco-friendly way to deal with plastic waste while also producing useful fuels. The global U.S. Plastic-to-Fuel Market is estimated to be valued at US$ 147.7 Bn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand for U.S. Plastic-To-Fuel Market can be attributed to the rising penetration of the technology across different par...

The global Fiber Reinforced Concrete Market Growth Accelerated by Increased Infrastructure Investments

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  Fiber reinforced concrete is strengthened with fibrous material such as steel fiber, glass fiber, synthetic fiber and natural fiber. It provides higher flexural strength, impact resistance, abrasion resistance and reduced permeability. The booming infrastructural development across the globe to withstand climatic changes has augmented the demand for fiber reinforced concrete. Concrete mixed with fiber is extensively used in the construction of bridges, tunnels, dams and buildings. Its high strength-to-weight ratio and durability have made it a desirable material for infrastructural projects. The global Fiber Reinforced Concrete Market is estimated to be valued at US$ 3119.56 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Glass fiber reinforced concrete has gained immense popularity in the Global Fiber Reinforced Concrete Market Size due to i...

The global Engineering Plastics Market Growth Accelerated by Increasing Use in Automobile Industry

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Engineering plastics are increasingly being used as an alternative to metals in automobiles due to their superior properties such as lightweight, high heat resistance, durability and reduced maintenance costs. Engineering plastics find major application in manufacturing automotive interior and exterior components, such as door panels, instrument panels, bumpers, lighting and others. The growing automotive industry worldwide is expected to drive the demand for engineering plastics during the forecast period. With the rising environmental concerns, plastic components help reduce vehicle weight and increase fuel efficiency, which is a major factor for their growing popularity. The global Engineering Plastics Market is estimated to be valued at US$ 150.55 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing use of engineering plastics in the auto...

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 i...

Electrical Steel Market Growth Accelerated by Increased Adoption in Transformer and Motor Core Applications

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  Electric steel, also known as silicon steel, is known for its low capital loss and high permeability which makes it ideal for use in transformers and motor cores in large appliances and industrial machinery. It ensures efficient power distribution with minimal energy losses. The global Electrical Steel Market is estimated to be valued at US$ 43.97 Mn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: In recent years, the rising adoption of electrical steel in transformer and motor core applications has boosted the Global Electrical Steel Market Size . Transformers require electrical steel laminations to effectively increase or decrease voltage within infrastructure and industrial applications. Likewise, motors found in appliances, machinery, and vehicles rely on electrical steel laminations to maximize torque output. With rapid industrialization and inf...

The global Indium Gallium Zinc Oxide Market Growth Accelerated by Rising Demand for Transparent Conductive Films

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  Indium gallium zinc oxide (IGZO) is semiconductor material used in electronic products such as LCD displays and touch panels demanding high transparency and conductivity. IGZO allows for the production of thin, flexible, and unbreakable touchscreens. The material finds widespread usage in touch-based consumer electronics due to advantages such as higher resolution, lower power consumption, and better contrast compared to other alternatives. The global Indium Gallium Zinc Oxide Market is estimated to be valued at US$ 2.64 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The usage of transparent conductive films (TCFs) made with IGZO in various consumer electronics such as smartphones, tablets, laptops, and televisions is witnessing significant growth. As per estimates, the demand for TCFs is projected to grow at over 13% annually until 2026 due...

Growing Demand for Fiber Reinforced Concrete Drives Global Market Growth

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  Market Overview: The Fiber Reinforced Concrete Market is estimated to be valued at US$ 2,330.40 million in 2020 and is expected to exhibit a CAGR of 5.64% over the forecast period 2022 to 2028, as highlighted in a new report published by Coherent Market Insights. Fiber Reinforced Concrete is a composite material made of cement, fine aggregates, coarse aggregates, and fiber reinforcements. It offers several advantages such as increased durability, improved crack resistance, enhanced impact resistance, and reduced maintenance costs. The growing need for high-performance construction materials to meet the rising demand for infrastructure development is driving the demand for fiber reinforced concrete in the market. Market Key Trends: The key trend influencing the Fiber Reinforced Concrete market is the increasing preference for synthetic fibers over steel fibers. Synthetic fibers, including polypropylene and nylon, are finding extensive applications in various construction pr...

The global Forging Market Growth Accelerated by Shift Towards Customised Tools

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Forging is a manufacturing process which involves shaping metal using localized compressive forces. Forging tools such as hammers, presses, and various dies are used to manually or mechanically shape the heated metal. Forged components offer better mechanical properties compared to other manufacturing processes. They find extensive application in the automotive, aerospace, oil and gas, construction, and hardware industries. The global Forging Market is estimated to be valued at US$ 81.12 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The global Forging market has witnessed steady growth over the past few years due factors such as increasing demand for forged components in the automotive industry and shift towards customized tools. Custom forged tools allow manufacturers to produce components with better precision and tolerance levels as compared to standard shapes. Thi...

The global electroplating market Growth Accelerated by New Application Development

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            Electroplating is a process that uses an electric current to reduce dissolved metal cations so that they form a thin coherent metal coating on an electrode. This process is widely used in industries like automotive, electrical & electronics, machinery manufacturing etc. for applications like surface finishing, anti-corrosion plating, functional plating etc. The global electroplating market is estimated to be valued at US$ 19.33 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: New application development in industries like 3D printing, medical devices is one of the key trends driving the growth of the electroplating market. Electroplating is increasingly being used to coat 3D printed components for improving properties like wear & corrosion resistance. It is also used for plating medical implants ...

Growth Accelerated by Increased Demand for PVC Stabilizers in PVC Pipes Manufacturing

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  PVC stabilizers are chemical additives utilized to prevent the degradation of polyvinyl chloride (PVC) polymers during processing and end-use applications. They are commonly utilized in the manufacturing of PVC pipes, which find widespread applications in the construction industry for water supply networks and sewage systems. Rising investments in infrastructure development globally has fueled the demand for PVC pipes for construction of pipelines, thereby driving the consumption of PVC stabilizers. The global PVC Stabilizers Market is estimated to be valued at US$ 1468.95 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand for PVC stabilizers from the PVC pipe manufacturing industry is one of the key trends that is expected to drive the growth of the global PVC stabilizers market over the forecast period. PVC pipes find exten...

Winter Accessories is fastest growing segment fueling the growth of Heated Slippers Market

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  The global Heated Slippers Market is estimated to be valued at US$ 633.1 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Heated slippers provide warmth and comfort during winter. They contain rechargeable batteries that can be heated up and keep feet warm for hours. This allows the wearer to stay cozy indoors without needing additional heating appliances. Market key trends: The growing popularity of indoor leisure activities during winter has increased demand for warm accessories within homes. Many consumers are opting for portable heated items like slippers, socks, and blankets to keep them comfortable while relaxing or working from home. This has boosted the heated slippers market as more options have become available with varied heating levels, battery life and styles. Segment Analysis The global heated slippers market is segmented b...

The Global Chainsaw Market Growth Accelerated By Increasing Construction Activities

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  Chainsaws are a portable gasoline-powered saw commonly used for cutting wood and trimming branches and trees. They help in performing various activities related to construction, logging, and landscaping with ease. The increasing construction of residential and commercial buildings worldwide has augmented the demand for chainsaws in wood cutting applications. The global chainsaw market is estimated to be valued at US$ 4.22 billion in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of electric chainsaws over gasoline-based variants has picked up pace in recent years. Electric chainsaws offer significant advantages over gasoline saws including zero emissions, reduced noise, and lower maintenance. Major chainsaw manufacturers are focusing on introducing battery-powered chainsaw models with improved run-time and power output equi...

The Global Carbon Verification Market Growing Demand Driving Carbon Verification Market Growth

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  Carbon verification services help organizations in measuring, monitoring, reporting, and verifying all greenhouse gas emissions. This includes emissions from transportation, electricity consumption, manufacturing, and other activities associated with an organization's operations and value chain. Carbon verification ensures the integrity and credibility of reported carbon footprint and helps organizations in meeting their emissions reduction targets set under international regulations and voluntary pledges. The increasing focus on corporate sustainability and a global push towards limiting climate change have accelerated the demand for carbon verification. The global carbon verification market is estimated to be valued at US$ 12.73 Bn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of carbon offset programs and internal carbon...

The global C5 Resins Market To See Strong Growth Accelerated by Adoption in Paints & Coatings Industry

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  C5 resins, also known as petroleum resins, are non-volatile, non-crystalline solid products derived from synthetic and natural raw materials. They are extensively used in paints and coatings due to their adhesive properties and ability to improve weather resistance and anti-ageing characteristics. The global C5 Resins Market is estimated to be valued at US$ 861.82 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of C5 resins in paints and coatings industry is one of the major trends fueling the market growth. C5 resins has excellent wetting and adhesion properties, which makes them suitable for use in paints and coatings formulations. They are primarily used in coatings of cars, buildings, floors, furniture, and various industrial applications where enhanced adhesion and weather resistance is required. Paint and coatings manufacturers a...

Bio Plasticizers Market Growth is being Accelerated by Increasing Production Of Bio Plastics

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  Bio plasticizers are environmentally sustainable additives used to make plastics flexible and durable. They are plant-based substitutes to traditional phthalate plasticizers that are derived from crude oil. Bio plasticizers offer advantages like non-toxicity and biodegradability. The growing concerns over health hazards of phthalates and need for eco-friendly products are driving demand for natural plasticizers. The global Bio Plasticizers Market is estimated to be valued at US$ 2.78 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing production of bio plastics is a key trend fueling growth of the bio plasticizers market. Bio plasticizers are predominantly used in bio plastics manufacturing as they are environmentally sustainable alternatives to conventional plasticizers. With stringent regulations banning use of phthalates and rising ...