Business Archives

Paraffins Market Poised for Robust Growth: Projected to Reach US$ 9.4 Billion by 2032

February 5, 2024 Future Market Insights

The global paraffin industry is poised for significant growth, with projections indicating it will reach a substantial value of US$ 9.4 billion by 2032, boasting a Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2032. This expansion is primarily driven by the robust growth of key industrial sectors, including the paperboard and packaging…

Business

Digital BBQ Tongs and Thermometer Market is Anticipated to Reach a Valuation of US$ 8.54 Billion by 2032 | FMI

February 5, 2024February 5, 2024 Future Market Insights

The digital BBQ tongs and thermometer market is expected to register a CAGR of 4.5% during the forecast period, up from US$ 5.4 Billion in 2022 to reach a valuation of US$ 8.54 Billion by 2032. Sales of digital bbq tongs and thermometers are expected to rise as e-commerce channels expand, and consumers’ preferences for online purchasing grow. Increased consumer awareness about health…

Business

Saudi Arabia Hajj Tourism Market Aiming for a Staggering US$ 350.0 Billion, Projecting a Remarkable 7% CAGR by 2032 | FMI

February 5, 2024 Future Market Insights

Over the course of the projection period, the worldwide hajj tourism market in Saudi Arabia is expected to increase at a compound annual growth rate (CAGR) of 7%. The market for Hajj travelers from Saudi Arabia is predicted to generate US$ 150.0 billion in revenue by 2022 and US$ 350.0 billion by 2032. The Hajj signifies main tourism prospect for both national…

Business

Forecast: The Makeup Remover Pen Market is Expected to Reach a US$ 2.57 Billion Industry Share by 2032 | FM

February 5, 2024February 5, 2024 Future Market Insights

The makeup remover pen market size is likely to register a CAGR of 5% during the forecast period, and is anticipated to reach a market share of US$ 2.57 Billion in 2032, from US$ 1.5 Billion in 2021, due to shift towards organic and natural products. Demand for makeup removal pen is high as a result of their unique ability to easily fix smudged…

Business

Market for Food Recyclers Is Expected to Reach US$ 68.2 Billion in Valuation by 2032 – FMI

February 5, 2024February 5, 2024 Future Market Insights

The food recycler market is anticipated to record a CAGR of 5.6% during the forecast period. It is expected the market value is likely to go up from US$ 37.5 Billion in 2021 to reach a valuation of US$ 68.2 Billion by 2032. Making compost from waste peels of vegetables and fruits using traditional methods takes a long time. Most individuals discard unwanted…

Business

Multi-Cloud Management Market Emerges as a Powerhouse: Anticipated to Achieve US$ 121.35 Billion by 2033, Showcasing a Phenomenal 28% CAGR

February 5, 2024February 5, 2024 Future Market Insights

The multi-cloud management market is experiencing significant growth, projected to reach a staggering US$ 121.35 billion by 2033, with an impressive annual growth rate of 28%. This trend underscores the increasing importance of efficiently managing multiple cloud services for businesses and organizations as they navigate the digital landscape. The market is expected to develop throughout the projected…

Business, Technology

Halal Tourism Market Gears Up for a US$ 365.0 Billion Journey in Travel and Tourism by 2032 | FMI

February 5, 2024 Future Market Insights

The halal tourism market is projected to reach a valuation of US$ 255.0 Billion in 2022, likely to surge at a vigorous 4.0 % CAGR from 2022 to 2032 and is likely to reach US$ 365.0 billion by the end of 2032. The “halal” term means permissible according to Islamic laws and teachings. With a rise in the number of well-heeled Muslims, the…

Business

Laser Technology Market on the Rise: Projected Revenue of US$ 35.4 Billion with a Striking CAGR of 7.8% by 2032

February 5, 2024February 5, 2024 Future Market Insights

The global laser technology market reached US$ 16.7 billion in 2022. Total sales in the market will clock at 7.8% from 2022 to 2032. By 2032, the overall market valuation is likely to cross the US$ 35.4 billion market. The solid laser segment is forecast to progress at a CAGR of 7.7% from 2022 to 2032. Hence, it will remain…

Business, Technology

Global Polycarbonate Sheets Market Poised for Remarkable Growth, Fueled by Thriving Automotive and Construction Sectors; Asia Pacific Emerges as Key Driver

February 3, 2024February 3, 2024 Future Market Insights

The global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive, and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from the Asia Pacific market. Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate…

Business

Global Anti-Seize Compounds Market, Projecting a Valuation of US$ 236.4 Million by 2029, Fueled by Accelerated Urbanization and Industrial Expansion

February 3, 2024February 3, 2024 Future Market Insights

According to the latest report by FMI, the global anti-seize compounds market is expected to reach a valuation of US$ 236.4 Million by 2029. Increasing urbanization and rapid industrialization are creating massive opportunities for the construction industry, and significantly contributing to the rising demand for anti-seize compounds. Substantial growth in the anti-seize compounds market is mainly backed…

Business