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The ammonia category is anticipated to grow at a CAGR of 5.4% from 2023 to 2030. Asia Pacific region dominated the category with more than 50% in 2022. According to Ammonia Energy Association, India accounts for 8% of the global production. A rise in the production of fertilizers is expected to drive the demand, as approximately 70% of this product is used to make fertilizers. Ammonia production also accounts for 1.3% of CO2 emissions, owing to which governments of various countries are focusing on adopting low-carbon ammonia to reduce greenhouse gas...Read More »
The drug testing category is expected to grow at a CAGR of 6.5% from 2023 to 2030. The key drivers of the market growth are the increasing consumption of alcohol by young people and the elderly, the overuse of prescribed medications, and the rising use of narcotics. The demand for drug testing is also anticipated to increase due to the increased instances of illegal drug use and the rising crime rates linked to drug...Read More »
The elastomers category is anticipated to grow at a CAGR of 6.71% from 2023 to 2030. Asia Pacific has the highest overall share along with it being the highest producer as well as consumer. The advent of new types of elastomers with improved elasticity and viscosity, as well as their broad application and convenience of use, are some of the factors driving the growth of this category during the forecasted...Read More »
The corporate treasury management software category is anticipated to grow at a CAGR of 6.5% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 1.25 billion. The category is derived from the increasing complexity of financial operations, regulatory compliance requirements, and cost savings. Effective risk management is crucial for businesses to mitigate potential financial threats such as market volatility, credit risk,...Read More »
The disposable gloves category is expected to grow at a CAGR of 3.9% from 2023 to 2030. The North American region accounts for the largest category share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as increasing public-private partnerships in the healthcare sector, enhancing healthcare infrastructure, and expansion of the healthcare industry are driving the...Read More »
This conveyor category is anticipated to grow at a CAGR of 4.2% from 2023 to 2030. Asia Pacific dominates the category which is driven by the economic growth of countries such as China, India, and Thailand. The increasing population in these nations has led to a surge in demand for this category in industries like food and beverage, e-commerce, and...Read More »
The clinical trial imaging services category is anticipated to grow at a CAGR of 8.05% from 2023 to 2030. North America holds the largest category share at about 41%.The rising number of Contract Research Organizations (CROs) along with biotechnology and pharmaceutical companies, the increasing presence of chronic health diseases among the population, the development of innovative imaging techniques, and rising R&D investment to develop new drugs and therapies are some of the key factors driving the...Read More »
This corn starch category is anticipated to grow at a CAGR of 6.60% from 2023 to 2030. North America is the leading market in this category primarily because of its large consumption of processed and convenient food products which is driven by a growing population and higher disposable incomes. In the Asia-Pacific region, rapid economic expansion and changing consumer lifestyles contribute to the fastest CAGR with China leading the market and India showing the highest growth rate in this...Read More »
The chlorine category is anticipated to grow at a CAGR of 5.0% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 35.7 billion with the chemical industry leading the market share as chlorine is a key ingredient in the production of a variety of chemicals, including PVC (polyvinyl chloride), bleach, solvents, pesticides, and pharmaceuticals. This broad range of applications is the primary driver of its...Read More »
The chromatography resins category is expected to grow at a CAGR of 6.9% from 2023 to 2030. The growing demand for pharmaceutical and biotechnology operations is what drives this category as both these sectors use these resins for a variety of purposes, such as the manufacturing of highly pure pharmaceuticals, the monitoring and analysis of trace pollutants, and the detection of molecules like proteins and...Read More »
The clinical logistics category is expected to grow at a CAGR of 7.5% from 2023 to 2030. The North American region accounts for the largest category share. The surge in the number of clinical trials, increase in research and development practices of advanced health care infrastructure, the existence of biotech organizations, and worldwide drug discovery are driving the market...Read More »
The bearings market is expected to grow at a CAGR of 9.5% from 2024 to 2030. The Asia Pacific region accounts for the largest overall share with 40% in 2023. China and India have their major contribution to the market growth. Factors such as increasing demand for EVs, growth of the aerospace sector, rising industrialization, infrastructure development, technological innovations, and growing focus on renewable energy are driving the...Read More »
The brewing category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The Asia Pacific is the largest geographic segment in this category with a 30% market share. Brewing is a method for controlling how water, starch, yeast, and hops interact to produce beer. The growth and demand for this category will be driven by an increase in the demand for beers from around the world as well as an increase in the consumption of craft...Read More »
The chemical management services category is expected to grow at a CAGR of 5.4% from 2023 to 2030, mainly driven by the rising demand as well as the CaaS model's convenience. Additionally, this method aids in lowering the consumption of hazardous chemicals by utilizing them more effectively. The increasing pressure on businesses to follow safety and environmental laws as well as the desire to save costs and boost productivity is further enhancing the...Read More »
The casting, forging, and stamping category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. APAC holds the largest category share of over 45%. The rapid growth in the manufacturing business, increased emphasis on lightweight & fuel-efficient vehicles, the surge in infrastructure construction projects, and an expanding aircraft industry are some of the factors driving this category's...Read More »
The biodiesel category is anticipated to grow at a CAGR of 10% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 35.30 billion with North America leading the market share due to their rule that requires diesel fuel to contain 15% biodiesel by volume. The need for a more effective, long-term solution for decreasing greenhouse gas emissions and addressing climate change issues is the primary driver of its...Read More »
The automotive sensors category is expected to grow at a CAGR of 9.4% from 2023 to 2030. This category is driven by the increasing demand for advanced safety features in vehicles due to the rising number of road accidents, the growing trend of vehicle electrification such as electric vehicles, and the increasing demand for sensors that can monitor battery performance and other critical...Read More »
The banking and financial services category is anticipated to grow at a CAGR of 9.6% from 2023 to 2030. In 2021, Western Europe was the largest region in this category followed by North America. This category has grown due to the widespread adoption of digitalization among banks and other financial institutions along with the rapid expansion of commercial lending. Allianz Group, Industrial and Commercial Bank of China, JPMorgan Chase & Co., Bank of America Corporation, Wells Fargo & Company, HSBC, and Citigroup Inc are significant players in this...Read More »
The automotive brake pads category is expected to grow at a CAGR of 5.53% from 2023 to 2030. The North American region accounts for the largest share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as constant innovation in braking technology, road accidents due to carelessness, concerns regarding driver safety, and stringent norms from the government are driving the growth of the...Read More »
The battery cooling plates category is anticipated to grow at a CAGR of 35.7% from 2023 to 2030 with APAC having the highest share. Government policies and rising environmental consciousness are driving the demand for electric vehicles and hybrid electric vehicles which in turn require efficient thermal management and battery cooling...Read More »