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Showing posts from January, 2025

Several Factors Ranging from Automotive Applications to Health & Medical Devices Bolster the Demand for Sealants to touch $22 billion by 2030

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A new report from Industry Experts Inc, on " Global Sealants Market ," reveals that the global Sealants consumption is projected to grow at a compound annual growth rate (CAGR) of 4.1% reaching 4.1 million metric tons by 2030. In terms of value, the global sealant market is expected to grow from $16.8 billion in 2024 to $22 billion by 2030, with a CAGR of 4.5%. The automotive sector depends on Sealants for sealing glass, body joints, and underbody components to prevent corrosion and enhance vehicle performance. In electronics, sealants protect sensitive components from dust, moisture, and vibration, ensuring reliability. Sealants' ability to deliver strong, lasting bonds in harsh conditions makes them indispensable in modern manufacturing and infrastructure projects. Asia-Pacific, with a volume consumption share of 47% in 2024, is the largest region for global Sealants market and also the fastest growing region during 2024-2030 outlook period. Europe forms ...

Advancements in Automotives and Rapid Infra & Construction Growth Fuels Demand for Adhesives to Reach $78 billion by 2030

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A new report from Industry Experts Inc, on " Adhesives Global Market ," is released. According to this market research report, the global Medical Cameras market is estimated at 19 million metric tons in 2024 and is projected to grow to by a CAGR of3.8% during the forecast period 2024-2030. In terms of value, the market is expected to reach $77.6 billion by 2030, registering a CAGR of 4.2% over the same period. The adhesives market is driven by key trends, including the shift from mechanical fasteners to adhesive solutions, rapid growth in construction and infrastructure, and advancements in the automotive sector focusing on lightweight, fuel-efficient, and electric vehicles. The expanding electronics and electrical industries, evolving packaging needs, growth in renewable energy projects, and increased demand for healthcare and medical devices further boost market growth. Innovations in adhesive formulations, compliance with environmental regulations, and the nee...

Global Market for Reusable Packaging to Reach $174 billion by 2030, Growing at CAGR of 5.8% between 2024 and 2030

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The new report from Industry Experts Inc, on " Reusable Packaging ," reveals that the global market for Drilling Machines is estimated at US$124.2 billion in 2024 and is anticipated to post a CAGR of 5.8% during the 2024-2030 analysis period and stand at a projected US$174.5 billion by 2030. The rising consumption of packaged goods, driven by urbanization and changing consumer lifestyles, significantly boosts the market for reusable packaging. Technological advancements, such as lightweight and eco-friendly designs, along with the integration of smart technologies for enhanced product safety and traceability, further support growth. Additionally, the pharmaceutical industry's need for secure and compliant packaging amid increasing healthcare product consumption contributes to the market's expansion. Sustainability trends, pushing for recyclable and biodegradable materials, also propel innovations in the industry. Pallets is the leading product type in th...

Increasing Environmental Concerns and Food Safety Properties Propel the Demand for Edible Packaging to Reach $1.4 billion by 2030

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A new report from Industry Experts Inc, on " Edible Packaging ," is unveiled. According to this global market research report, the demand for edible packaging is estimated at US$988.1 million in 2024 and projected to post a CAGR of 5.6% between 2024 and 2030 and reach US$1.4 billion by 2030. The global Edible Packaging market is driven by factors such as growing environmental concerns, consumer demand for sustainable solutions, and the push to reduce plastic waste. With increasing awareness of plastic pollution, both consumers and companies are shifting towards eco-friendly alternatives, prompting innovations in biodegradable and edible packaging materials. Additionally, advancements in material science, such as the use of polysaccharides, proteins, and seaweed, have improved the functionality and shelf life of edible packaging, making it a more viable option for food products. The Asia-Pacific region is projected to be the fastest-growing market, with a CAGR o...

Asia-Pacific is Largest and the Fastest Growing Market for Flexible Packaging while Global Market to Surpass $150 billion by 2030

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A new report from Industry Experts Inc, on " Flexible Packaging Market ", is introduced. According to this report, the global Flexible Packaging market is estimated at US$266.7 billion in 2024 and is expected to record a CAGR of 4.8% during the 2024-2030 analysis period and stand at a projected US$153.8 billion by 2030. Increasing demand for lightweight, cost-effective, and eco-friendly packaging solutions across industries like food, pharmaceuticals, and personal care are some of the key driving factors for the flexible packaging market growth. Rising consumer preferences for convenient, resealable, and portable packaging have spurred innovation in flexible formats. The focus on reducing carbon footprints and adopting recyclable materials, coupled with technological advancements in printing and barrier properties, further propels the market. The Asia Pacific region holds the dominant position in the flexible packaging market, accounting for 38.7% in 2024, due to...

Caps and Closures Demand is Primarily Driven by Convenience Packaging, Growing Consumption of Packaged Goods and Rising Urbanization

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Industry Experts, Inc., has released its latest report on Caps and Closures Market , which projects the demand for the same to reach US$103.5 billion by 2030 from an estimated US$76.1 billion in 2024 at a CAGR of 5.2% between the two years. The global Caps and Closures market is driven by several key growth trends such as the growing demand from the food and beverage sector for tamper-proof, leak-proof, and extended shelf-life solutions. The rising consumption of packaged goods, driven by urbanization and changing consumer lifestyles, significantly boosts the market. Technological advancements, such as lightweight and eco-friendly designs, along with the integration of smart technologies for enhanced product safety and traceability, further support growth. The Asia Pacific market holds the dominant position in the Caps and Closures market, accounting for 41.1% in 2024, due to its large and diverse consumer base, rapid industrialization, and significant growth in the food ...

Global Craniomaxillofacial (CMF) Devices Demand to Surpass $3 billion by 2030

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A new report from Industry Experts Inc, on " Craniomaxillofacial (CMF) Devices Market ", is unveiled. As per this new market research report, the global Craniomaxillofacial (CMF) Devices market size is estimated at $2.1 billion in 2024 and is projected to grow to $3.5 billion by 2030, with a CAGR of 8.8% during the forecast period 2024-2030. The CMF Devices market is significantly influenced by the rising incidence of cranial and maxillofacial injuries, particularly those resulting from road accidents, sports injuries, and acts of violence. Increasing awareness of facial fractures and congenital disorders, such as cleft lips and craniosynostosis, is driving the demand for CMF devices. Technological advancements in minimally invasive surgeries (MIS) and robotic-assisted procedures have improved surgical outcomes, fostering market growth. The CMF Plate and Screw Fixation segment holds the largest market share, estimated at 65.3% in 2024, due to its extensive applic...

Surgical Equipment Global Market to Reach $32.5 billion by 2030, Demand Growth Lead by Asia-Pacific Region with 9.5% CAGR (2024-2030)

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Industry Experts, Inc., released its latest report on Surgical Equipment Market , which projects the global demand to reach US$32.5 billion by 2030 from an estimated market size of US$19.8 billion in 2024 at a CAGR of 8.6% between the two years. The surgical equipment market growth is driven by the increasing incidence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes, which result in a higher need for surgical procedures. The growing number of geriatric populations, who are more vulnerable to various health issues, also drives the demand for surgeries. Innovations in technology, especially in minimally invasive surgery (MIS), serve as another catalyst for growth, as MIS provides advantages like quick recovery times and a decreased likelihood of complications. North America dominates the global surgical equipment market in 2024, holding a 38.2% share due to a significant incidence of chronic diseases, an aging demographic, advanced healthcare sys...

Endoscopy Cameras Leads Medical Cameras Market with a Share of 30.5% in 2024

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A new report from Industry Experts Inc, on " Medical Cameras Market ", is released. According to this market research report, the global Medical Cameras market size is estimated at $3.4 billion in 2024 and is projected to grow to $5.2 billion by 2030, with a CAGR of 7.1% during the forecast period 2024-2030. The global market for medical cameras is witnessing significant expansion, fueled by medical imaging technology innovations, a rising need for superior diagnostic and surgical imaging, and increasing government funding and investments in research and development (R&D). Technological advancements, including advanced imaging systems like CT, MRI, and PET, have improved image quality while reducing radiation exposure, driving market growth. The rise in chronic diseases, including cancer, heart disease, and diabetes, has further amplified the demand for medical imaging solutions, as these ailments necessitate regular monitoring and precise diagnostics. In 20...

Demand for Respiratory Care Devices is Anticipated to Reach $39 billion by 2030, Bolstered by Increasing Geriatric Population and Environmental Pollution

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Industry Experts, Inc., has released its latest report on Respiratory Care Devices market , which projects the demand for the same to reach US$39.2 billion by 2030 from an estimated US$24.4 billion in 2024 at a CAGR of 8.2% between the two years. The respiratory care devices market growth is propelled by the increasing incidence of respiratory disorders such as asthma, COPD, and sleep apnea, primarily due to factors like environmental pollution, smoking, and unhealthy lifestyle choices. The rise of urban living and exposure to air pollutants are leading to a surge in respiratory health issues. The geriatric population, which is more vulnerable to respiratory problems, is also a major factor driving this growth, along with increased awareness regarding the significance of prompt diagnosis and treatment. Technological advancements featuring portable nebulizers and smart inhalers have improved patient adherence to treatment and outcomes. North America is the dominant market ...

Global Demand for Positron Emission Tomography (PET) Scanners is Expected to Reach $2.4 billion by 2030, Owing to Increasing Prevalence of Chronic Diseases

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A new report from Industry Experts Inc, on " Positron Emission Tomography (PET) Scanners ", is released. According to this global market research report, the global market for Positron Emission Tomography (PET) Scanners is anticipated to record a CAGR of 5.6% during the 2024-2030 analysis period and stand at a projected US$2.5 billion by 2030 from an estimated US$1.8 billion in 2024. The global positron emission tomography (PET) scanners market is driven by the increasing prevalence of chronic diseases, especially cancer, which requires advanced imaging to ensure accurate diagnosis and effective treatment planning. As the global demographic ages, the demand for diagnostic imaging services is projected to increase, resulting in greater use of PET scans in fields such as oncology, cardiology, and neurology. Technological innovations and the incorporation of hybrid imaging systems like PET/CT and PET/MRI enhance the functionality of PET scanners, enabling better tu...

Global Adhesives & Sealants Demand is Expected to Grow by a CAGR of 5% and touch $100 billion by 2030

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A new report from Industry Experts Inc, on " Adhesives & Sealants Market ", reveals that the global demand is anticipated to record a CAGR of 4.9% over the 2024-2030 analysis period and reach a projected US$99.5 billion by 2030 from an estimated US$77.6 billion in 2024. Adhesives and Sealants are versatile materials used to bond surfaces and seal joints or gaps, respectively. Adhesives create a strong, permanent bond between two surfaces, enabling them to function as a single unit, while sealants are primarily used to prevent the passage of fluids, air, or contaminants by filling gaps and providing a barrier. These materials play a crucial role in various industries due to their ability to improve performance, reduce weight, and enhance the durability of products. Asia-Pacific, with a volume consumption share of 52% in 2024, is the largest region for global Adhesives & Sealants market and also the fastest growing region during 2024-2030 outlook period. Europe is the...

Advanced Processing Methods and New Therapies Drive the Demand for Cord Blood Banking Services to Touch $48 billion by 2030

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A new report from Industry Experts Inc, on " Cord Blood Banking Services ", is unveiled. According to this global market research report, global cord blood banking services market size was valued at US$32.2 billion in 2024 and is anticipated to reach US$47.9 billion by 2030, growing at a CAGR of 6.8% during the forecast period 2024-2030. The cord blood banking services market growth is propelled by the ease and safety of collecting stem cells from cord blood, growing awareness among parents regarding its potential medical benefits, and the increasing prevalence of autoimmune diseases, cancer, hematological disorders, and genetic issues. Progress in stem cell research, new therapies, and advancements in cord blood processing methods are driving market expansion. Technological innovations, growing awareness of stem cell treatments, and the emergence of personalized medicine are increasing the demand for private cord blood banking. Based on cord blood bank type, th...

Advanced Carbon Materials Demand is Projected to Reach US$27.5 Billion by 2030 at a CAGR of 7% between 2024 and 2030.

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A new report from Industry Experts Inc, on " Advanced Carbon Materials Market ", reveals that the global demand for Advanced Carbon Materials is estimated at US$18.3 billion in 2024 and is projected to reach US$27.5 billion by 2030 at a CAGR of 7% between 2024 and 2030. The increasing need for lightweight, high-strength materials in the automotive, aerospace and sports equipment industries is bolstering the market. Developments in nanocarbon technologies, including graphene and carbon nanotubes, are instrumental in creating new prospects in the fields of electronics, biomedical and other sectors. Apart from this, carbon composites are being adopted in energy storage applications, such as lithium-ion batteries. Increased investments in research & development are striving towards making these materials more sustainable and lightweight as per the required criteria. Carbon Fibers are expected to be the largest product type in the global market for Advanced Carbon...

Global Ablation Technologies Market to Hit $13 billion by 2030, Owing to Wider Applications in Treating Cancers, Atrial Fibrillation and other Cardiac Arrhythmias

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A new report from Industry Experts Inc, on " Global Ablation Technologies Market ", is published. According to this new global market research report, the global demand for Ablation Technologies is expected to maintain a CAGR of 11.5% between 2024 and 2030 in reaching a projected US$12.9 billion by 2030 from an estimated US$6.7 billion in 2024. Since Ablation Technologies offer a high degree of accuracy, along with reduced recovery times and minimal complication risks, the demand for them has witnessed impressive growth over the past few years, with this trend likely to maintain an upswing over the coming period. The wide use of these therapies to treat life-threatening conditions, such as various types of cancers and atrial fibrillation & other cardiac arrhythmias has been instrumental in driving the market. Developments in imaging and guidance systems, owing to which the accuracy and effectiveness of ablation procedures get enhanced, are also key to greater...

Witnessing a Robust Growth during 2024-2030 3D Sensors Demand to Reach $22 billion by 2030

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A new report from Industry Experts Inc, on " Global 3D Sensors Market ," is released. As per this market research report, the 3D Sensors market globally is likely to clock a robust CAGR of 22.5% during the 2024-2030 analysis period and reach a projected US$21.7 billion by 2030 from an estimated US$6.4 billion in 2024. Some of the primary factors driving the demand for 3D Sensors include growing use in virtual and augmented reality solutions, wider application in security & surveillance devices to enhance threat detection and continuing growth of industrial automation that needs accuracy in measurements & quality control as provided by 3D Sensors. Research & development efforts in this area have led to making sensors with improved accuracy and miniaturization in a cost-effective manner. On a regional basis and given the end-use sectors where 3D Sensors are used, there is a close race between North America, Europe and Asia-Pacific as to the leading glo...

Driven by Technological Advancements and Integration the Global Demand for 3D Scanners to Reach about $9 billion by 2030

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A new report from Industry Experts Inc, on " Global 3D Scanners Market ," reveals that the global demand for 3D Scanners is estimated at US$4.9 billion in 2024 and is expected to exhibit a 2024-2030 CAGR of 10.2% in reaching a projected US$8.8 billion by 2030. Some of the primary factors driving the demand for 3D Scanners include wider adoption of portable & handheld scanners, integration of artificial intelligence (AI) & machine learning (ML), evolution of LiDAR scanners, support offered to multi-modality in scanning, use of cloud-based data processing & collaboration, augmented reality (AR) integration and the need to make these devices affordable & accessible to a wider user base. Owing to the nature of the beast, this technology will continue to develop over the coming period to further provide innovative solutions that can ease lacunae in various sectors. Laser, Optical and Structured Light are the most widely used types of 3D Scanners, amon...