Author: Cloud PR Wire

The global flexible pipe market, valued at USD 1084.4 million in 2021, is poised for significant growth with a projected Compound Annual Growth Rate (CAGR) of 4.2 percent throughout the forecast period. Flexible pipes, which find applications across various industries, especially in oil and gas, are expected to witness increased demand due to their ability to withstand extreme temperature and pressure conditions. The markets expansion is driven by rising oil and gas exploration activities, a growing need for non-corrosive pipes, and advancements in engineering-grade flexible materials. A crucial component of flexible pipes is the integration of leakproof thermoplastic barriers and corrosion-resistant wires, enabling them to withstand challenging operating conditions. Increasing oil and ga...

The global food processing ingredients market, which reached a value of USD 45.4 billion in 2021, is projected to witness a Compound Annual Growth Rate (CAGR) of 4.7 percent during the forecast period. Key drivers of this growth include the rising demand for healthier food options, increasing awareness about processed foods, and the continuous innovation in the food industry. As consumers worldwide shift their preferences towards healthier and more organic options, the food processing ingredients market is primed to experience substantial expansion. The growing inclination towards health-conscious and organic choices has fueled the demand for processed foods, resulting in a significant impact on the food processing ingredients market. With the food processing industry evolving rapidly and...

The global Fox Nuts Market, which reached a valuation of USD 34.2 million in 2021, is poised for robust growth with a projected Compound Annual Growth Rate (CAGR) of 11.5 percent during the forecast period. As consumers increasingly seek packaged, processed foods and beverages that maintain product freshness, the demand for Fox Nuts is surging worldwide. The global concern over global warming and its impact on the environment has propelled the shift towards natural refrigerants in place of hazardous coolants. This transition has driven the expansion of the real refrigerant-based equipment market, marked by lower production costs and environmental neutrality. The global adoption of advanced cold chain systems is expected to significantly influence the Fox Nuts market during the forecast pe...

The global food packaging market, with a market size of USD 327.5 billion in 2021, is expected to experience a robust Compound Annual Growth Rate (CAGR) of 5.3 percent during the forecast period. Key drivers propelling this growth include changing consumer dietary preferences, shifting lifestyles, and continuous innovations in the packaging industry. As consumers increasingly opt for packaged goods to align with their busy lives and growing health consciousness, the food packaging market is primed for substantial expansion. The demand for packaged goods is on the rise due to evolving consumer preferences and lifestyle changes, further fueled by an increasing population and per capita income. In addition, the market is witnessing growth in the convenience food sector, driven by the demand ...

The global distribution automation market, valued at USD 11.1 billion in 2021, is on track for substantial expansion with a projected Compound Annual Growth Rate (CAGR) of 7.3 percent during the forecast period. The surge in renewable energy production and the need to modernize aging power distribution infrastructure are driving the global distribution automation markets growth. Key Drivers: Renewable Energy Production: The increasing production of renewable energy sources is fueling the growth of the distribution automation market. As the proportion of renewable energy in the global energy mix rises, theres a greater demand for modernizing power distribution systems to accommodate these changes. Infrastructure Modernization: The need to update outdated power distribution systems is crea...

The global ethylene carbonate market, valued at USD 275.4 million in 2021, is set for robust expansion with a projected Compound Annual Growth Rate (CAGR) of 5.5 percent during the forecast period. The rising demand for ethylene carbonate (EC) as a raw material for lubricants and its versatile applications across various industries are key drivers of this growth. The increasing trend towards electric vehicles (EVs) and the demand for lithium-ion batteries are playing a significant role in driving the market forward. Key Drivers: EV Adoption and Lithium-ion Battery Demand: With the increasing adoption of electric vehicles and the demand for lithium-ion batteries, the requirement for ethylene carbonate as an electrolyte solvent is on the rise. The efficiency and environmental benefits of l...

The global enterprise artificial intelligence (AI) market, valued at USD 11,194.5 million in 2021, is poised for exceptional growth with a projected Compound Annual Growth Rate (CAGR) of 34.1 percent during the forecast period. Enterprise AI, which encompasses the integration of AI techniques to enhance business outcomes, is revolutionizing industries by enabling tasks that were traditionally human-dependent, such as speech recognition, decision-making, visual perception, and language translation. Key Drivers: Rapid AI Adoption: The popularity of AI applications across various industries, including healthcare, retail, education, and more, is contributing to the growth of the enterprise AI market. Businesses are recognizing the value of incorporating AI into their processes to drive innov...

The global silver sulfate market, which reached a value of USD 1927.4 million in 2021, is poised for steady growth with a projected Compound Annual Growth Rate (CAGR) of 3.5 percent during the forecast period. The markets expansion is primarily driven by the antibacterial properties of silver sulfate, making it a crucial component in wound care, pharmaceuticals, and various industrial applications. Key Drivers: Antibacterial Properties: Silver sulfate is widely utilized in the pharmaceutical industry for treating skin wounds, abrasions, and lacerations due to its antibacterial properties. Its use in wound dressings and ointments helps prevent and treat infections, enhancing patient recovery. Industrial Applications: The chemical sector is expected to be a major consumer of silver sulfate...

The global phosphoric acid market, with a market size of USD 48.2 billion in 2021, is poised for growth at a projected Compound Annual Growth Rate (CAGR) of 4.5 percent during the forecast period. The markets expansion is primarily attributed to the high demand for phosphoric acid in the production of phosphate fertilizers, including Mono-Ammonium Phosphate (MAP) and Diammonium Phosphate (DAP), driven by the growing agricultural sector. Key Drivers: Fertilizer Production: The market for phosphoric acid is significantly driven by its role in the production of phosphate fertilizers, which are vital for enhancing crop yields. The widespread use of MAP and DAP in the agricultural sector is a key driver of market growth. Diverse Applications: Phosphoric acid finds applications in various sect...

The global fat replacers market, valued at USD 3.1 billion in 2021, is poised for growth with a projected Compound Annual Growth Rate (CAGR) of 6.1 percent over the forecast period. Fat replacers, also known as fat substitutes, are chemicals that offer a means of reducing dietary fat intake while preserving the taste, texture, and mouthfeel of full-fat foods. Driven by health consciousness and increasing concerns about obesity, the market is expected to see significant expansion. Key Drivers: Growing Interest in Health and Wellness: Rising awareness of the negative impacts of excessive fat consumption and the benefits of healthy living is encouraging consumers to change their eating habits. People are becoming more health conscious, which is driving the demand for low-fat and low-calorie...