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Showing posts from July, 2023

Specialty Oils Industry: A Comprehensive Study on Market Trends and Outlook

  Specialty Oils Market The global  specialty oils market  is anticipated to grow from US$ 125,369.2 Mn in 2022 to US$ 175,703.8 Mn by the end of 2032, accelerating at a CAGR of 3.4% throughout the forecast period (2022-2032). Rising demand for specialty oils across various end-use industries such as automotive, power generation, pharmaceutical, food & beverages, manufacturing, transmission & distribution, etc. is providing impetus to the growth of specialty oils market. In recent years, rising electricity consumption has created enormous demand for transformer oil and the trend is likely to continue during the forecast period. This transformer oil is used to protect high-voltage electrical components used in electric utilities, including transformers, capacitors, switches, and circuit breakers. Due to its strong dielectric strength, viscosity, temperature adaptability, and other benefits, it is significantly employed as insulation between transformer windin...

Future of Chemical Industry: Projections Suggesting US$ 178.73 Billion Market Size with 9.7% CAGR between 2022 and 2032

  Chemistry 4.0 Market The  chemistry 4.0 market   is anticipated to grow from 70.82 billion USD in 2023 to 178.73 billion USD in 2033, with a projected CAGR of 9.7% over the forecast period. The primary drivers of chemistry 4.0 market growths are the manufacturing sector’s rapid adoption of artificial intelligence (AI) and the Internet of Things (IoT), as well as rising consumer demand for industrial robots used in the production of pharmaceuticals and medical devices, increasing government investments in additive manufacturing and 3D printing, and expanding use of blockchain technology. The need for robots has increased. Additionally, robots, which were formerly more expensive and had fewer possibilities, are now accessible tools that can do a range of tasks. Industrial robots, in particular, are commonly used by people all around the world. According to a report on the most recent trends in the robotics industry, industrial robots are being used more frequently i...

Trichloroisocyanuric Acid Market Competitive landscape, Key company profile analysis and Opportunities

  Trichloroisocyanuric Acid Market By the end of 2033, it is expected that size of the global  Trichloroisocyanuric Acid (TCCA) Market  would exceed US$ 3,038.5 million. In 2023, it is anticipated to amount to US$ 2,052.7 million. A CAGR of 4.0% is predicted for the market between 2023 and 2033. In 2022, it saw y-o-y growth at a rate of almost 4.2%. Demand for trichloroisocyanuric acid (TCCA) is rising, driven by the substance's expanding use in aquaculture, agriculture, and water treatment. Sales of TCCA are expected to increase as its use as a bleaching and disinfection agent increases. The textile sector's growing importance is also anticipated to have a significant contribution to the market's growth. TCCA is very effective as it has high chlorine content. Also, it is a stable compound with cyanuric acid. It has numerous industrial applications. TCCA is considered to be a more economical and superior source for chlorination than sodium hypochlorite and bleaching...

Ultrapure Water Market Competitive landscape, Key company profile analysis and Opportunities

  Ultrapure Water Market In 2023, it is predicted that the market for ultrapure water market would be worth US$ 8.8 billion . The market is expected to show an 11.1% CAGR from 2023 to 2033. By the end of 2033, it's predicted to produce a market size of US$ 25.2 billion . Use of ultrapure water in the electronics sector would help in preventing the accumulation of impurities that could damage sensitive components. Semiconductor sector is one of the prominent end-use industries holding a significant share of around 55% of the global market in 2023. Growing need for ultrapure water in the production of electronic components has increased with robust expansion of the electronics sector. Significant increase in the consumption of ultrapure water from several end-use industries such as power generation and pharmaceuticals among others is another key factor driving growth. Insights into Market Trends: Exploring the Latest Developments in the Ultrapure Water Industry - Downlo...