Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc., has released its latest report, on Duplex Stainless Steel market, which projects the demand for the same to reach US$6 billion by 2030 from an estimated US$4.4 billion in 2024 at a CAGR of 5.4% between the two years. Some of the factors instrumental in driving demand for Duplex Stainless Steel include its widespread use in the oil & gas industry in the form of pipes & tubes. Comprising an almost equal proportion of austenitic and ferritic steels makes this variety of stainless steel very strong and highly resistant to corrosion, owing to which its application across various important end-use sectors has been growing rapidly.  The construction & infrastructure industry is another major consumer of Duplex Stainless Steels, as they are ideal for making bridges and other infrastructure projects. Apart from this, the chemical processing industry, subject to extreme operating environments, also makes extensive use of Duplex Stainless Ste...

Industry Experts, Inc., has released its latest report, on Copper , which projects the demand for Copper to reach US$368.8 billion by 2030 from an estimated US$269 billion in 2024 at a CAGR of 5.4% between the two years. The use of copper and its alloys is quite extensive, contributing significantly to economic development. Major end-user sectors of this vital element include transportation, construction, consumer products, electrical & electronics and industrial machinery. The global demand for copper has been maintaining a steady growth, as statistics reveal a 300% growth in the use of refined copper over the last five decades across the industries mentioned above, reaching about 26.5 million tons in 2023. Other than being used in its primary form, copper is also among the most recycled materials, owing to which the market for secondary copper has been posting considerable growth. With an estimated share of about 41% in 2024, Asia-Pacific is the largest global marke...

Industry Experts, Inc., has released its latest report on Automotive Alloys , which projects the demand for this them to reach US$207.6 billion by 2030 from an estimated US$140.7 billion in 2024 at a CAGR of 6.7% between the two years. Some of the factors instrumental in driving demand for Automotive Alloys include their application in lightweighting passenger cars and commercial vehicles with the aim of reducing fuel consumption and minimizing emissions. Due to depletion of fossil fuel resources, the proliferation of electric and hybrid vehicles has been an important development, in which the use of Automotive Alloys is paramount for reducing weight, so that battery range and performance are maximized. Technological innovations in alloy development continue to play a major role in the creation of novel products with further improved characteristics. Worldwide, Asia-Pacific leads the demand for Automotive Alloys and is also likely to be the fastest growing region. China...

This latest report from Industry Experts, Inc., on Aluminum Market estimates that demand for the metal is estimated at US$189.3 billion in 2024 and is likely to maintain a 2024-2030 CAGR of 5.9% in reaching a projected US$267.7 billion by 2030. A number of factors are responsible for driving the demand for Aluminum, a primary one of which includes the wider adoption of secondary or recycled aluminum in various applications, such as transportation, packaging, construction, electrical & electronics and machinery. The light weight and easy formability of aluminum in various forms and shapes makes it to be a multipurpose material with a plethora of applications. In the aerospace and automotive sectors, for instance, the metal has proved to be an ideal replacement for heavy steel panels and components, providing the similar, if not better, protection at a lower weight owing to its better strength-to-weight ratio than steel. As a consequence, vehicles made with a large perce...

Industry Experts, Inc., has released its latest report on " Portable Medical Devices ," which projects the demand for the same to reach US$127 billion by 2030 from an estimated US$72.5 billion in 2024 at a CAGR of 9.8% between the two years. The portable medical devices market is primarily driven by the growing incidence of chronic illnesses that require effective management solutions. These conditions require continuous monitoring and treatment, leading to a strong demand for portable devices that enable individuals to track and manage their health in real-time from home. The increasing adoption of advanced wearable devices also significantly boosts market growth. These devices, such as smartwatches and health monitors, offer improved data accuracy and enhance patient engagement, making health monitoring easier and more convenient. The hospitals and clinics end-user segment led the market cornering with an estimated share of 45.7% in 2024, driven by the increa...

A new report from Industry Experts Inc, on " PEEK Implants Market ," is published. According to this market research report, the global market for PEEK Implants is estimated at US$0.9 billion in 2024 and is expected to register a CAGR of 8.5% during the 2024-2030 analysis period and stand at a projected US$1.5 billion by 2030. The PEEK implant market is influenced by several key drivers, including its biocompatibility and material properties, which make it a preferred choice for various surgical applications. The growing demand for non-metallic implants, particularly in dental and spinal surgeries, is propelling PEEK's popularity due to its reduced risk of allergic reactions and enhanced patient comfort. Additionally, technological advancements in 3D printing are enabling the creation of customized PEEK implants, improving surgical precision and patient outcomes. The rising number of spinal and orthopedic surgeries among aging populations further boosts dema...