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The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting...Read More »
The global liquefied petroleum gas (LPG) category is anticipated to grow at a CAGR of 3.7% from 2023 to 2030. It is driven by growing acceptance of green and renewable energy sources in emerging and developed nations, rising understanding of the benefits of switching to LPG from fossil fuels, and efforts and contributions by local governments to promote the usage of LPG in a variety of...Read More »
The U.S. landscaping services category is anticipated to grow at a CAGR of 5.09% from 2023 to 2030. It is attributed to be driven by rise in disposable income, growing use of third-party businesses for landscaping services who specialize in improving corporate campus environments, and rising investments in the construction of non-residential personal entities. In addition, the category is also being fuelled by increased emphasis on the use of native plant species, water conservation, composting of waste from the yard, and shift in people's inclination towards landscaping methods that are environment...Read More »
The wastewater treatment category is anticipated to grow at a CAGR of 6.5% from 2023 to 2030. Wastewater primarily can be divided into industrial, domestic, and stormwater run-off, which can be further segregated into blackwater and greywater. Similarly, its treatment can be classified into four stages – preliminary or pretreatment, primary, secondary, and tertiary treatments. Among these, the tertiary segment accounted for 44% of the total share in...Read More »
The global yacht charter category is anticipated to grow at a CAGR of 5.6% from 2023 to 2030. Growth of the category can be attributed to rising demand for recreational and competitive boating and sailing activities, growth in the number of High-Net-Worth Individuals (HNWI), increase in disposable income, growth of marine tourism, surge in expenditure on luxury vacations, and boost in demand from the corporate...Read More »
The vegetable fats and oils category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. The rising consumer awareness about health and wellness and the adoption of healthier dietary habits are driving the demand for vegetable oils. Consumers prefer vegetable oils as a healthier alternative to traditional cooking oils. This is due to their higher content of unsaturated fats and less content of saturated...Read More »
The vaccines category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030. They can be classified mainly into six types - Live-attenuated, inactivated, sub-unit, toxoid, viral vector, and messenger RNA (mRNA) vaccines. Among these, the mRNA sector held the largest share of 39% in...Read More »
The global sodium cyanide category is anticipated to grow at a CAGR of 6.15% from 2023 to 2030. It is driven by growing demand for precious metals such as silver and gold, growth in the need for chemical intermediaries by the agriculture and pharmaceutical sectors, and expansion of various end-user sectors due to rising consumer demand and rapid industrialization. In addition,sodium cyanide is widely utilized in the electroplating, a crucial process in electronics and automobile...Read More »
The global synthetic fibers category is anticipated to grow at a CAGR of 7.4% from 2023 to 2030. The majority of the global textile market is made up of synthetic fibers because of their affordability and functional qualities. In 2023, owing to its performance advantage over natural textiles, synthetic fibers currently account for more than 60% of all fiber usage...Read More »
The recycled glass category is anticipated to grow at a CAGR of 6.3% from 2023 to 2030. The demand for the category is mainly driven by its usage in food and beverages, construction, healthcare, automotive, and various other industries. Additionally, the rising demand for glass product manufacturing, such as bottles, beads, and countertops, is driving the growth of the category. Around 95% of the raw materials can be substituted with recycled glass while producing...Read More »
The global steel billets category is anticipated to grow at a CAGR of 3.5% from 2023 to 2030. Steel billets, a key raw material in steel production, are expected to witness growth with the rising use of steel in the automotive, infrastructure, and construction industries. Additionally, rapid industrialization and urbanization in emerging economies are driving infrastructural development, in turn resulting in the growth of the...Read More »
The supply chain insurance category is anticipated to grow at a CAGR of 4.5% from 2023 to 2030. There are several possible risks and interruptions for supply chain enterprises. Due to the intricate web of interactions between vendors, suppliers, and customers, a break in one link in the supply chain can result in bigger losses in several other links. For companies whose activities are directly dependent on a major supplier's manufacturing capacity, supply chain insurance coverage is...Read More »
The shipping containers category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. The expansion can be attributed to the rise in international trade, facilitated by the digitization of the shipping sector and the rising utilization of specialized containers. Additionally, the container industry has experienced further growth in response to increasing consumer...Read More »
The refrigerated transport category is anticipated to grow at a CAGR of 7.7% from 2023 to 2030. The growth can be attributed to the rising demand for perishable goods transportation, including fresh produce and pharmaceuticals. The adoption of advanced technologies in refrigeration systems helps in achieving energy efficiency and precise temperature control is driving the demand from various...Read More »
The pipes, valves, and fittings category is anticipated to grow at a CAGR of 10.1% from 2023 to 2030. The rising infrastructure projects in developing economies due to rapid industrialization and urbanization are fueling the demand for piping and fittings. Piping systems are essential in commercial, industrial, and residential settings to ensure efficient flow of...Read More »
The shrink films category is anticipated to grow at a CAGR of 6% from 2023 to 2030. Three primary types of films are used in shrink wrapping or packaging: polyvinyl chloride (PVC), polyolefin (POF), and polyethylene (PE). Shrink films can be converted into bags, flattened roll stock, overwrap, tubing, and banding. Shrink films can also be segregated into centerfold and single-wound...Read More »
The global social media management category is anticipated to grow at a CAGR of 23.3% from 2023 to 2030. Key factors that drive the growth of the category include rising use of social media platforms, increase in smartphone usage, rising global focus on competitive intelligence, and increased adoption of category solutions to optimize, monitor, and administer the online presence of a business enterprise on various social media...Read More »
The payment processing solutions category is anticipated to grow at a CAGR of 14.5% from 2023 to 2030. The major types of payment processing solutions include credit/debit cards, e-wallets, QR codes, and bank transfers. Credit cards accounted for the largest share, by payment method in 2022, with 44% of the total share. Companies and consumers are increasingly moving away from traditional payment modes like cash or cheques to digital payments spurred by the pandemic and technological innovations. Peer-to-peer payment (P2P) networks and mobile wallets are becoming more popular owing to their ease and real-time transaction...Read More »
The global pressure vessels category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. Growth of the category can be attributed to rising industrialization, growing energy demand, rising adoption of supercritical power generation technologies, rise of chemical & petrochemical sectors, and stringent government regulations & policies for safely transfer of gases and chemicals. The product offered in the category witnesses significant application in chemical & petrochemical...Read More »
The polyvinyl acetate (PVA) category is anticipated to grow at a CAGR of 5% from 2023 to 2030. The growth of the category is attributed to the rising consumption of PVA as an adhesive in construction, wood, paper, and architectural coatings. According to Invest Saudi 2021 report, around 80% of total PVA consumption is utilized in construction, wood, architectural coating, and paper...Read More »