“Higher adoption of customized-automated material handling solution in various end-use industries and rising demand for handling larger volumes of goods are set to drive the conveyor system market”
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%.Higher adoption of customized-automated material handling solution based upon niche specifications in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant investments in R&D by conveyor system manufacturers accompanied with growing supply chain network is to fuel the demand for conveyor solution in the forecast ......
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The cryogenic pump market is expected to reach USD 1.5 billion by 2027, at a CAGR of 4.6% from 2022 to 2027
The global cryogenic pump market is projected to reach USD 1.5 billion by 2027 from an estimated market size of USD 1.2 billion in 2022, at a CAGR of 4.6% during the forecast period.Owing to the rising demand for cryogenic gases from the metallurgy and energy & power industries, the demand for cryogenic pumps is expected to increase.
“Non-Submersible segment dominates the global market”
The cryogenic pump market, by design, is segmented into submersible and non-submersible. The non-submersible segment is estimated to be the largest segment of the cryogenic pump market and is expected to retain its dominance throughout the forecast period. The characteristics such as ......
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“The ceiling tiles market is projected to register a CAGR of 6.8% during the forecast period.”
The ceiling tiles market is estimated to be USD 8.4 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 6.8% between 2022 and 2027. The increasing demand for ceiling tiles from building & construction industry is one of the major factors to drive the growth of the ceiling tiles market. Excellent properties of ceiling tiles such as improved sound absorption capability, easy installation and recyclability are also propelling the growth of the ceiling tiles market. However, the negative impact of the pandemic across all the end-users has affected the ceiling tiles market adversely.
“Increasing demand for ceiling tiles for construction of green buildings i......
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The global floor grinding tools market size is projected to grow from USD 124 million in 2022 to USD 155 million by 2027, at a CAGR of 4.5% from 2022 to 2027.The growth of the floor grinding tools market is attributed to their high demand in griding, polishing and burnishing applications. Demand for commercial spaces such as offices, shopping malls, educational institutions and retail outlets will drive the demand for floor grinding tools for commercial purposes.
“Diamong wings sub-segment under the grinding segment to be the largest application of floor grinding tools ”
Diamond wings, diamond plates, and polycrystalline diamond (PCD) wings tools are widely used in floor grinding operations. Diamond is considered a super hard material, and diamond tooling has many advantages c......
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The global hygroscopic building material market is projected to register a CAGR of 6.5% between 2022 and 2027, in terms of value.
The global hygroscopic building material market size is projected to grow from USD 818 million in 2022 to USD 1,120 million by 2026, at a CAGR of 6.5% between 2022 and 2027. Rising demand from emerging markets and growth of construction industry globally are expected to offer significant growth opportunities to manufacturers of hygroscopic building material.
“Inorganic Minerals/Clays accounted for the largest share in the hygroscopic building material market in terms of value.”
The inorganic minerals/clays segment dominated the overall hygroscopic building material market, with a share of 34% in terms of value, in 2021. The market size of the inorga......
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“The global cross laminated timber market size is projected to register a CAGR of 14.5%, in terms of value, between 2020 and 2027.”
The global cross laminated timber market size was USD 1.1 billion in 2021 and is projected to grow at a CAGR of 14.5% during the forecast period to reach USD 2.5 billion by 2027. Advanced design flexibility and quicker implementation methods in manufacturing of cross laminated timbers are expected to drive the market.
“The residential of the industry segment is projected to have high demand in the cross laminated timber market in the year 2027.”
Increased consumer demand for luxurious and modern residences is projected to lead to the growth of the market. The market is expected to grow due to the increased utilization of CLT in residential app......
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“The growth of the water and wastewater treatment industry, and spurt in oil & gas activities are set to drive the diaphragm pumps market”
The diaphragm pumps market is projected to reach USD 7.6 billion by 2027 from an estimated USD 6.1 billion in 2022, at a CAGR of 4.5% during the forecast period. The global diaphragm pumps market has a promising growth potential driven primarily by factors such as the growth of the water and wastewater treatment industry, as well as the spurt in oil & gas activities globally.
A diaphragm pump is a type of positive displacement pump which consists of one or more pumping chambers alternately filled and discharged by the movement of a flexible diaphragm. Hence, liquid flows inside a diaphragm pump with cyclic flow.This cyclic action of th......
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“Increasing demand for concrete flooring to augment the growth for floor grinding machines”
The global floor grinding machines market size is projected to grow from USD 303 million in 2022 to USD 356 million by 2027, at a CAGR of 3.3% from 2022 to 2027. The growth of the floor grinding machines market is attributed to their high demand in residential, commercial, and industrial sectors. Demand for commercial spaces such as offices, shopping malls, educational institutions and retail outlets will drive the demand for floor grinding machines for commercial purposes.
Concrete floor grinding machines are not only used for grinding concrete floors but are also used for polishing marble and granite countertops. The ability of these machines to work on concrete and other materials, incl......
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The growth of the global synthetic paper market is directly related to the strict government regulation against deforestation which results in high demand for conventional resources. For over more four decades, the global demand for paper has increased by 400%, with harvested trees accounting for 35% of all paper produced. The environmentally friendly manufacturing and recyclable nature of synthetic paper will help it gain market share in the forecasted period. The increasing population and urbanization in different world regions are the major determinants of the global synthetic paper market growth. The rise of China as a global manufacturing powerhouse has increased the demand for synthetic paper globally.
The global synthetic paper market size is estimated at USD 766 million in 2021 ......
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“The concrete repair mortars market is projected to witness a CAGR of 8.7% during the forecast period.”
The concrete repair mortars market is projected to grow from USD 2.6 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.7%. The high growth is attributed to rising pressure on the existing infrastructure due to rise in population. Concrete repair mortars are materials used in replacing corroded concrete in the existing structures, which helps in improving the lifespan of the structures.
“Buildings & carparks—the largest end-use industry in the overall concrete repair mortars market.”
Buildings& carparks is projected to be the largest end-use industry of the concrete repair mortars market. The large market size for this segment is attributed to high need......
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