Micro Markets

  Fuel Oil Category Overview The fuel oil category is anticipated to grow at a CAGR of 4.8% from 2023 to 2030. The category is mainly driven by the demand, supply, and prices of crude oil. Oil prices are mainly affected by Russia’s ability to produce and export oil, and the ability to increase production by various non-OPEC countries. According to the U.S. Energy Information Administration, Crude oil prices have exhibited a general downward trend since March 2022 at the time when Russia's full-scale invasion of Ukraine has caused Brent crude oil prices to go above USD 130 per barrel. This invasion took place during a period of low oil inventories, and the potential for sanctions or operational disturbances in Russia's oil production further contributed to the upward price pressure. Subsequently, the descent in crude oil prices can be attributed primarily to the deceleration in global economic expansion and a reduction in oil consumption. Fuel oil is the residual product remaini...

  Copper and Copper Semis   Procurement Intelligence This copper and copper semis category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. In 2022, Asia Pacific led the copper market with a market share of more than 37%, followed by North America and Europe. Increase in end-use industries like automotive and electronics as well as rising per capita income have contributed to the expansion of the copper industry in these regions. The category is driven by various trends including increasing demand from infrastructure development projects, the growing electrical and electronics industry, increasing supply of scrap copper and the adoption of renewable energy technologies. Spending on new construction is anticipated to increase, which would result in higher demand for copper wire, tube, and other mill products for various uses like plumbing and building wire. The leading participants in the copper market are anticipated to gain from increased infrastructure investment,...

  Adhesives   Procurement Intelligence The adhesives category is anticipated to grow at a CAGR of 6% from 2023 to 2030.  The Asia Pacific region accounted for 41% of the total category share in 2022. Rising construction activities, and the increasing demand from end-user industries such as automotive, electronics, construction, and packaging are driving the growth in this category. One of the major developments is the rise in demand for specialized adhesives used in intricate product manufacturing. Order your copy of the Adhesives category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis   Water-based adhesives are becoming increasingly popular in the adhesives category due to their environmental benefits. They emit fewer volatile organic compounds (VOCs) than solvent-based products, ...

  Hydroxychloroquine Category Overview The global hydroxychloroquine category is expected to grow at a CAGR of 10.1% from 2023 to 2030. It is anticipated to be driven by the increasing prevalence of diseases like rheumatoid arthritis and malaria in low-income nations, increasing penetration of generic drugs, advancement of medical sciences, research & development in the pharmaceutical sector, increased government and consumer healthcare spending on drugs and medications, rising awareness towards health, and growing population. In addition, the category has witnessed a significant surge in its demand since past few years owing to certain studies that have demonstrated its effectiveness against the COVID-19 virus. As a result, many key players in the market have revamped their production capacity to produce and deliver higher amounts of hydroxychloroquine across the globe. Order your copy of the  Hydroxychloroquine Procurement Intelligence Report, 2023 - 2030   , publis...

  Merchandising Units Category Overview The merchandising units category is expected to grow at a CAGR of 4.6% from 2023 to 2030. Key factors that drive the growth of the category include growing demand for effective and appealing product displays, greater focus on retail aesthetics and visual merchandising, organized retail's growth, the necessity of space optimization, expanding consumer desire for experiential retail, and increasing competition between merchants. The rising popularity of internet shopping offers retailers the chance to merge the worlds of online and offline retail. Retailers may give customers a visual depiction of their products, make shopping easy, and increase sales by integrating merchandising units into e-commerce systems. In addition, rising emphasis on environment-consciousness and sustainability offers an opportunity for the development of eco-friendly industry products. Advancements in digital technologies such as VR (virtual reality), AR (augmented rea...

  Industrial Centrifuge Category Overview The industrial centrifuge category is expected to grow at a CAGR of 4.43% from 2023 to 2030. The growing demand for centrifuges from the process industries such as chemical, food, metal, mining, pharmaceutical, and biotechnology is expected to drive the category growth. Throughout the forecast period, a growing improvement in the wastewater management industry and technological advancements are expected to have positive effects on the category.   The North American region accounts for the largest category share. The high demand for crude oil, the massive amount of shale oil and gas drilling operations, a thriving food processing industry, technological advancements, government support to manage wastewater and initiatives to create novel centrifugation systems are all the factors that have contributed to the success of this region. Order your copy of the  Industrial Centrifuge Procurement Intelligence Report, 2023 - 2030   , p...

  Enterprise Routers & Switches Category Overview The enterprise routers & switches category is anticipated to grow at a CAGR of 6.30% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 50.50 billion. The demand can be attributed to the growing digital transformation initiatives; a trend accelerated by the pandemic has led to the emergence of new network requirements. Router and switches provide the networking infrastructure required to connect and manage the diverse digital assets. The increasing number of remote and hybrid work models also fuels the demand for robust and scalable networking solutions. Handling of large data volumes, ensuring network security, IoT connectivity, meeting industry specific needs are the factors driving the category growth. The introduction of Gigabit Ethernet switches is one of the most important developments in industrial ethernet switch technology. These switches represent a significant advance over the con...