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Showing posts from March, 2023

Steel Industry is anticipated to grow further up to USD 2.9 Trillion

  Steel Industry Data Book Covers Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel, Sintered Steel Markets. Steel is a vital industry for global economic growth. It is one of the key raw materials for building & construction and various manufacturing activities. As per the World Steel Association, the total value contribution by the  steel industry  is USD 2.9 trillion, which is equivalent to 3.8% of global GDP. Carbon Steel Market Growth & Trends The global carbon steel market size is expected to reach USD 1,156.5 billion by 2027, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Increasing investment in construction sector on account of rising housing needs is likely to positively contribute to the rising demand for carbon steel products. Carbon steel is one of the key materials used in the construction sector on account of its strength and hardness. It is used in rectangular tubing, highway construction plates,...

Bioplastics Industry is anticipated to grow further up to USD 2,470.60 Kilotons in 2021

  Bioplastics Industry Data Book Covers Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Markets. The economic volume generated by the  bioplastics industry  was estimated at approximately 2,470.6 kilotons in 2021. Biodegradable Plastic Market Growth & Trends The global biodegradable plastic market size is projected to reach USD 10.0 billion by 2030, according to a report by Grand View Research, Inc., rising at a CAGR of 9.7% during the forecast period. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period. Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewab...

Lubricants Industry is anticipated to grow further up to USD 134.65 Billion in 2022

  Lubricants Industry Data Book Covers Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Markets. The economic value generated by the  lubricants industry  was estimated at approximately USD 134.65 billion in 2022. Industrial Lubricants Market Growth & Trends The global industrial lubricants market size is expected to reach USD 71.73 billion by 2025 registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Improving PMI indices across the globe and resultant rise in production capacities are anticipated to boost the demand for industrial lubricants. Moreover, rising manufacturing activities are touted to spur investments in production machinery, thereby creating a strong growth potential for industrial lubricants. High consumption of general industrial oils generate significant revenue attributing to the growth of industrial lubricants market. Related industries, such as chemicals, unconventional energy a...

Facial Rejuvenation Products Industry To Grow Substantially At A CAGR Of 6.40% From 2023 To 2030

Facial Rejuvenation Products Industry Data Book Covers Facial Injectable, Skin Boosters, Facial Skincare and Anti-Acne Cosmetics Markets. The global  facial rejuvenation products industry  size was estimated at USD 104.7 billion in 2022. The market is expected to expand at a CAGR of 6.4% CAGR (2023-2030). Facial Injectable Market Growth & Trends The global facial injectable market size is expected to reach USD 35.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 9.1% from 2022 to 2030. The facial injectable is a substance that is used to reduce wrinkles and restore volume and fullness in the face. It is injected beneath the facial skin surface. Some commonly used facial injectable include hyaluronic acid, botulinum toxin type A, and polymer fillers. Growing focus on physical appearance, especially in developing countries is one of the key factors expected to drive the market. In addition, a shift in consu...

Clinical Laboratory Industry To Grow Substantially At A CAGR Of 5.52% From 2022 To 2030

Clinical Laboratory Industry Data Book Covers Clinical Laboratory Tests and Clinical Laboratory Service Markets. The global  clinical laboratory markets  combine to account for USD 321.20 billion in revenue in 2022, which is expected to reach USD 493.72 billion by 2030, growing at a cumulative rate of 5.52% over the forecast period. Clinical Laboratory Tests Market Growth & Trends The global clinical laboratory tests market size is expected to reach USD 213.04 billion by 2030, expanding at a CAGR of 9.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth of the clinical laboratory tests market is attributable to the rising prevalence of target diseases. The use of clinical laboratory tests is on a rise owing to the use of tests in a wide variety of diagnostic purposes that primarily focus on patient health leading to evaluating and formulating proper diagnosis and treatment. The global geriatric population is increasing and is considered a...