The polypropylene market is anticipated to experience a robust growth trajectory with a projected 4.5% Compound Annual Growth Rate (CAGR) between 2022 and 2030, driven by increasing demand from various end-use industries and a surge in building and construction activities. This upward trend is expected to propel global polypropylene sales to reach an impressive valuation of US$ 117,513.8...
The global wood pellets market is poised for substantial growth, projected to reach a valuation of USD 10,037.6 million in 2023 and expected to surge to an impressive USD 24,345.6 million by 2033. This expansion is driven by increasing demand for sustainable energy sources, the rising adoption of biomass for power generation, and a growing focus on reducing carbon emissions. Wood pellets, known...
The global phosphate fertilizer market is experiencing significant growth, projected to reach a remarkable valuation of approximately USD 92,110.8 million by 2033. This expansion is driven by a steady compound annual growth rate (CAGR) of 4.9% during the forecast period. Factors contributing to this upward trajectory include increasing agricultural demand for high-yield crops, advancements in...
Polyethylene Terephthalate popularly known as PET is a thermoplastic polymer resin produced due to the reaction of raw materials such as mono ethylene glycol (MEG) and purified terephthalic acid. This material is known to exhibit exceptional barrier properties towards moisture and water. Polyethylene Terephthalate finds applications across diverse industries such as automotive, food, and...
The global glycolic acid market is poised for significant growth, with its size projected to rise from USD 456.4 million in 2022 to USD 764.8 million by 2032. This robust expansion is anticipated to occur at a compound annual growth rate (CAGR) of 5.3% over the forecast period. The increasing demand for glycolic acid, driven by its applications in various industries such as cosmetics,...
The global stainless steel market is poised for significant growth, with its value expected to surge from USD 126.38 billion in 2023 to an impressive USD 215.89 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 5.5%. This growth is driven by increasing demand across various sectors such as automotive, construction, and manufacturing, as well as the material's widespread...
