The extruded plastic market for automotive industry is projected to grow up to market size of US$17.835 billion by 2024 at a CAGR of 4.89%. Plastic extrusions are widely used in the automotive industry as they allow for flexibility in design and are an economical way to create specialty parts for a wide range of vehicles. They are used to provide weather protection, and are used to protect complex wiring harnesses that are deployed in today’s advanced vehicle designs. Thus, auto manufacturers Read more...
The polyethylene extrusion market is estimated to grow at a CAGR of 2.58% during the period 2018-2024. Polyethylene (PE) is the most common used plastic material and is extruded into a variety of forms that includes pipes, films and sheet, and profiles. Continued use of PE extrusions in packaging, bottles, and food containers is driving the PE extrusion market growth. However, ban on single-use plastic in many countries is restraining the demand for PE based bags, and straws which is significa Read more...
The Polypropylene (PP) extrusion market is projected to grow at a CAGR of 6.10% to reach US$51.448 billion in 2024 from US$ billion in 2018. Polypropylene (PP) extrusions such as films and sheets are increasingly gaining grounds in packaging industry owing to burgeoning trend towards clear packaging that is functional, durable, and resealable. The surge in demand is mainly due to the features such as light weight, cost effectiveness, versatile temperature range, high heat resistance, and high Read more...
The global Polyvinyl (PVC) Extrusion market is expected to grow at a decent CAGR of 2.12% throughout the forecast period to reach US$5.895 billion in 2024 from US$5.198 billion in 2018. The rapid increase in the demand of the PVC for both indoor and outdoor use is the major factor that will drive the market for the Polyvinyl (PVC) Extrusion during the given time frame. Extrusion is a continuous process of converting a solid plastic mass, pellet or powder into a melted from where it is pushed Read more...
The long afterglow phosphor Market is projected to grow at a CAGR of 5.29% during the period 2018-2024. Phosphorescence (afterglow) refers to the light emission at room temperature from a material that persists after the removal of the light source. The long afterglow phosphor is the phosphorescent pigment that stores light and emits in the absence of the light source for a considerable amount of time. The material is painted on switch panels in hospitals, industrial workplaces as a warning si Read more...
The Global polyurethane market is projected to grow at a CAGR of 6.16% to reach US$ 84.055 billion in 2024 from US$58.732 billion in 2018. Polyurethane is a plastic material which exists in various forms. It is versatile and is used in a wide variety of applications to create all kinds of consumer and industrial products. High demand from major end-user segments such as automobile, fast moving consumer goods, building and construction, and electronics is driving the polyurethane market growth Read more...
Global ceramic fiber market is estimated to witness a CAGR of 7.10% to reach US$2.291 billion in 2024 from US$1.518 billion in 2018. Ceramic fiber or wool is known as a “refractory material” that has high resistant property. They are used in various applications which include petrochemical, ceramic, steel, power generation, glass and fire protectio Read more...
The global Molybdenum market is expected to witness a CAGR of 2.34% to reach US$5.069 billion in 2024, increasing from US$4.411 billion in 2018. Molybdenum is a refractory metal typically used in high-temperature applications. It is a silvery-white, very hard metal with a high melting point. They are widely used to produce steel alloys so as to inc Read more...
Global bio-based PET market is projected to witness a CAGR of 15.39% to grow to US$7,932.062 million in 2024 from US$3,359.899 million in 2018. Bio-based PET (Polyethylene Terephthalate) is a plastic based material which is made up from 30% renewable raw material and 70% oil-based raw material. Constant Innovation in PET has led to the development Read more...
The global glycinates market is projected to grow at a CAGR of 4.96% during the forecast period, reaching a total market sizeof US$1,230.945 million in 2025 from US$920.443 million in 2019.Growing demand for supplements and cosmetics and personal care products is one of the major driving factors behind the growth of glycinates market. While rising demand for chelated minerals in food additives is also escalating the use of glycinates as additives across food application which, in turn, is pos Read more...
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