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Showing posts from February, 2024

Alkali Soap Market to Grow at Highest Pace Owing to Increasing Application of Alkali Soaps

Alkali Soap Market The alkali soap market has been growing at a significant rate over the past few years owing to the increasing demand for personal hygiene and cleaning products across various industries. Alkali soaps are made from a reaction between fats or oils and alkali compounds such as sodium hydroxide or potassium hydroxide. As compared to acidic soaps, alkali soaps produce a softer bar and lather more easily in hard water. They are widely used in personal care products like bath soaps, hand washes, body washes due to their effective cleansing and softening properties. In industrial cleaning applications, alkali soaps play a vital role in industrial parts washing, heavy equipment cleaning, commercial laundry applications and more. The Global alkali soap market is estimated to be valued at US$ 22.15 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the alkali soap market are Syngenta AG, The Dow C...

Submarine Cables Market Will Grow At Highest Pace Owing To Rising Demand For Bandwidth

Submarine Cables Market The submarine cable market involves the laying and operation of underwater telecommunication cables in order to connect different countries across the world. Submarine cables are used to facilitate seamless internet and telephone connections between continents. They consist of copper or fiber optic cables coated with protective layers to withstand the deep sea conditions. Some key advantages of submarine cables are high bandwidth connectivity, low latency, reliability and security. With data consumption growing exponentially driven by video streaming, mobile internet usage and cloud computing, there is a rising demand for higher bandwidth that can only be met through submarine cables. The Global Submarine Cables Market is estimated to be valued at US$ 3170.09 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the submarine cables market are ANDRITZ (Austria), Thyssenkrupp (German...

Spinal Cord Injury Therapeutics Market Will Grow At Highest Pace Owing To Rising Geriatric Population

Spinal Cord Injury Therapeutics Market The spinal cord injury therapeutics market consists of therapeutic drugs for the treatment of spinal cord injury. Spinal cord injuries can cause pain, paralysis, and loss of sensation below the site of injury. There are currently no approved therapies that can regenerate injured spinal cord tissues and restore motor or sensory functions. However, neuroprotective, stem cell-based, and biomaterial-based therapies aim to promote tissue repair and prevent secondary injuries after spinal cord damage. The global spinal cord injury therapeutics market is estimated to be valued at US$ 8.53 billion in 2024 and is expected to exhibit a CAGR of 14% over the forecast period of 2024 to 2031. Key Takeaways Key players operating in the spinal cord injury therapeutics are Xinyi Solar Holdings Limited , Flat Glass Group Co., Ltd. ,Nippon Sheet Glass Co., Ltd. Key players are increasingly investing in R&D to develop novel drug candidates and combination ther...

The Submersible Pumps Market Is Poised To Grow At A Highest Pace Owing To Rising Agricultural Sector

Submersible Pumps Market The submersible pumps market comprises centrifugal and non-centrifugal pumps that are entirely sealed and operated submerged in water. Submersible pumps are used for drainage, dewatering, boosting water pressure, and water circulation in swimming pools, septic tanks, and farm wells. They offer advantages like corrosion resistance, priming capability, and ability to pump liquids of varying viscosity. Submersible pumps find widespread applications in agriculture for irrigation, construction for water removal from building sites, and mining industry to remove water from pits and quarries. The growing agricultural sector worldwide along with rising construction activities is fueling demand for submersible pumps. The Global Submersible Pumps Market is estimated to be valued at US$ 14178.84 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the submersible pumps are Koninklijke DSM NV...

The Rapid Growth of the Transthyretin Amyloid Cardiomyopathy Treatment Market Driven by Rising Prevalence of Amyloidosi

Transthyretin Amyloid Cardiomyopathy Treatment Market Transthyretin amyloid cardiomyopathy (ATTR-CM) is a rare, fatal disease characterized by the buildup of abnormal deposits of amyloid protein in the heart. The deposits interfere with the normal functioning of the heart and can lead to heart failure if left untreated. Current treatment options for ATTR-CM include drugs that slow progression of amyloid deposits, gene silencing therapies, and heart or liver transplants. The global transthyretin amyloid cardiomyopathy treatment market is estimated to be valued at US$ 1943.69 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031 . Rising prevalence of amyloidosis, growing geriatric population, and robust pipeline of drugs are fueling market growth. Key Takeaways Key players operating in the transthyretin amyloid cardiomyopathy treatment market are DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Altair Instruments, Koninklijke Philips, Microd...

Next Generation In-Vehicle Networking (IVN) Market Will Grow At Highest Pace

Next-Generation In-vehicle Networking (IVN) Market The Next Generation In-vehicle Networking (IVN) market refers to advanced connectivity solutions that enable communication between electronic control units (ECUs) within vehicles. IVN finds applications in telematics, infotainment systems, powertrain, ADAS and various other electronic components in modern vehicles. Rising demand for advanced driver assistance systems (ADAS) and autonomous driving capabilities is a key factor driving the IVN market. Major automakers including Tesla, BMW, Mercedes etc are equipping their vehicle models with technologies like automatic emergency braking, adaptive cruise control and parking assistance, which require high speed data networking between systems. The Global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at US$ 1789.54 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the Next Gene...

Middle East Conveyor Belts Market Will Grow At Highest Pace Owing To Growing Demand

Middle East Conveyor Belts Market The Middle East conveyor belt market comprises various conveyor belts used for material handling in various industries including food & beverage, mining, logistics, automotive and others. Conveyor belts aid in seamless transfer of materials and bulk items from one point to another in a production or manufacturing facility. They are majorly used in moving palletized loads, bulk materials like grain, coal, aggregates and others. The key advantages of conveyor belts include operational efficiency, zero manual handling requirements, high load handling capacities ranging from few kgs to tonnes and scalability. The growing food & beverage industry in Middle Eastern countries is driving significant demand for conveyor belts to streamline production processes. The Middle East Conveyor Belts Market is estimated to be valued at US$ 247.6 Bn in 2024 and is expected to exhibit a CAGR of 42% over the forecast period 2024 to 2031 . Key Takeaways Key player...

Rising Demand for Minimally Invasive Surgeries to Fuel Growth of the Global Ophthalmology Diagnostics and Surgical Devices Market

Ophthalmology Diagnostics and Surgical Devices Market Global ophthalmology diagnostics devices are used to detect eye disorders such as glaucoma, cataracts and age-related macular degeneration. Devices range from basic tools such as ophthalmoscopes to complex imaging systems like OCT scanners and fundus cameras. Surgical devices aid in treatments through techniques like phacoemulsification for cataracts and trabeculectomy for glaucoma. The market is driven by the rising prevalence of eye diseases due to aging populations and increasing life expectancy globally. The Global Ophthalmology Diagnostics and Surgical Devices Market is estimated to be valued at US$ 60071 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the Ophthalmology Diagnostics and Surgical Devices are WGL Holdings, Inc., Enking International, Green Mountain Energy, Native Energy, Cool Effect, Inc., Clear Sky Climate Solutions, Sustainable ...

Natural Food Colors Market To Grow At Highest Pace Owing to Increasing Demand for Clean Labels

Natural Food Colors Market The global natural food colors market is primarily driven by the increasing demand for natural ingredients and clean label products from consumers globally. Natural food colors are obtained from natural sources such as vegetables, fruits, and other plant and mineral sources without any artificial or synthetic additives. They offer several advantages over their artificial counterparts including high stability, vibrant colors and no side effects. With consumer focus shifting towards ingredients they can easily recognize and pronounce, the demand for natural food colors is surging in food and beverage applications. The benefits associated with natural colors like no allergic reactions have fuelled their adoption in the industry. The Global natural food colors market is estimated to be valued at US$ 2.37 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the natural food colors marke...

Rising Mid-IR Sensors Market Poised to Grow at Highest Pace

Mid-IR Sensors Market Mid-infrared (Mid-IR) sensors are optical sensors that detect infrared radiation with wavelengths in the 3–8 μm range of the electromagnetic spectrum. These sensors have advantages like higher sensitivity, greater accuracy, and ability to detect gases and thin films compared to alternatives. The rising demand for accurate gas detection and analysis across different industries is fueling the adoption of Mid-IR sensors. The Global Mid-IR Sensors Market is estimated to be valued at US$ 36.44 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the Mid-IR Sensors market are Nestlé S.A, Nissin Food Holdings Co., Ltd., Indofood CBP Sukses Makmur Tbk PT, Tingyi (Cayman Islands) Holding Corporation, Uni-President Enterprises Corporation, Acecook Vietnam Joint Stock Company. Key players operating in the Mid-IR Sensors are continuously investing in R&D to develop advanced sensors with improv...

Phenobarbital Market To Grow Rapidly Driven By Increased Demand For Epilepsy Treatment

Phenobarbital Market Phenobarbital is an anti-epileptic drug that is commonly used for the treatment of epilepsy and seizures. It works by calming the overexcited neurons in the brain that cause seizure activity. The drug is available in various forms such as tablets, capsules, injections and elixirs. It is usually prescribed as a chronic treatment for generalized or focal epilepsies that are difficult to control with first-line drugs. The global Phenobarbital market is estimated to be valued at US$ 1.83 Bn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the Phenobarbital market are Yara International ASA, BASF SE, The Mosaic Company, FMC Corporation, Nouryon Cooperatief UA, Nutrien Limited, Haifa Group, Valagro SpA (Syngenta Group), Coromandel International Limited, Sapec Agro SA, Auriga Group, ATP Nutrition Ltd, Wilbur-Ellis Company LLC, BMS Micro-Nutrients NV, and UPL Limited (Arysta Lifescience Corpor...

The Rapid Growth of Peer to Peer Carsharing will be aided by Increased Sustainability Efforts

Peer to Peer Carsharing Market Peer to peer carsharing or carsharing allows individuals to rent vehicles owned by private individuals or car rental companies for short periods of time such as a day or a few hours. It provides transportation alternatives to individuals who may need a vehicle for a short time without the costs of ownership. Peer to peer carsharing offers benefits to owners such as generating additional income from underutilized personal vehicles, and benefits to renters such as availability of a variety of vehicle types at affordable rates compared to traditional car rentals. The global peer to peer carsharing market is estimated to be valued at US$ 2550.76 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031 . With increasing sustainability initiatives across industries and governments promoting shared transportation as an eco-friendly option, peer to peer carsharing is gaining more prominence. By reducing the number of privately ...

The Oil And Gas Descaler Market Will Grow At Highest Pace Owing To Increasing Demand For Crude Oil Production

Oil and Gas Descaler Market The oil and gas descaler market comprises chemical products used for removing scale or calcium, magnesium, and other carbonate deposits from equipment and pipelines used in the oil and gas industry. Descalers prevent equipment damage caused due to scaling and maintain their efficiency. They find widespread application in removing scale from tubular goods, flowlines, separators, heat exchangers, and other production equipment. Commonly used descaler chemicals include organic acids, inorganic acids, chelating agents, and solvents. They offer benefits such as ability to dissolve a variety of scales, minimal corrosion impact on metal parts, and effectiveness at both high and low temperatures. With rising energy needs and focus on ramping up crude oil production levels, demand for technologies ensuring smooth operations of oil and gas infrastructure is growing significantly. The Global Oil and Gas Descaler Market is estimated to be valued at US$ 424.3 Bn in 2024 ...