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Foremost Companies in the Animal Treatment Market: Zoetis (US) and Merck (US)
Companies and animal healthcare organizations associated with the animal treatment market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Abaxis, Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation, Heska Corporation (US) and others.
- Published: September 2020
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Embedded Display Companies - Avnet, Inc. and Emerging Display Technologies (EDT), are the Key Players
The global Embedded Display Market is projected to grow from USD 17.7 billion in 2020 to USD 24.4 billion by 2025; it is expected to grow at a CAGR of 6.9% from 2020 to 2025. The key factors fueling the growth of this market include the advancements in embedded display interface technologies, accelerated adoption of automation in different industries owing to COVID-19, and increased demand for interactive displays and digital signage.
- Published: September 2020
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Foremost Companies in the Veterinary Care Market: Zoetis and Merck
Companies and animal healthcare organizations associated with the veterinary care market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Abaxis, Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation, Heska Corporation (US) and others.
- Published: September 2020
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Increase in Demand for Organic Food and Beverages in the Developing Countries Leading to the Increased Demand for Organic Yeast Market
The global organic yeast market size is estimated to grow from USD 364 million in 2020 and is projected to reach USD 599 million by 2025, at a CAGR of 10.5%. Organic foods are gaining popularity as people are becoming aware of their benefits. Organic food products are either grown under a natural system of agriculture, without the use of synthetic fertilizers or they are processed products made from organically produced raw materials. The increased focus in health and demand for transparency is in turn putting pressure on manufacturers to deliver products that has clean level as a basic requirement in even the most challenging food product. Consumer’s favor for this simplicity are compelling food producers to look for more natural and organic food ingredients to supply 100% organic products to their customers. This trend in the food pattern is expected to increase the use of organic yeast globally as it helps is enhancing flavor, color, improve texture and also add extra protein, vitamins, minerals and antioxidants to meals.
- Published: September 2020
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Foremost Companies in the Cosmetic Dentistry Market: Henry Schein (US) and Dentsply Sirona (US)
The global cosmetic dentistry market is expected to grow from USD 21.9 billion in 2020 to USD 30.1 billion in 2025, at a CAGR of 6.6% during the forecast period. The cosmetic dentistry market is estimated to witness significant growth during the forecast period due to the growing consumer awareness and rising focus on aesthetics, increasing prevalence of oral health disorders, and rising dental tourism in emerging markets. However, the high cost of dental imaging systems, lack of reimbursement for cosmetic procedures, and high risks and complications associated with dental bridges and orthodontic treatments are expected to restrain the growth of this market during the forecast period.
- Published: September 2020
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Market Leader - Urinary Catheters Market
The global urinary catheters market size is projected to reach USD 2.6 billion by 2025 from USD 2.0 billion in 2020, at a CAGR of 5.5% during the forecast period. Market growth is driven mainly by factors such as the growing prevalence of urinary incontinence, an increasing number of surgical procedures across the globe, high incidence of prostate cancer, and the favorable reimbursement scenario. The emerging Asian countries are also expected to offer substantial growth opportunities for players in the market.
- Published: September 2020
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Market Leader - Commercial Water Heaters Market
The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, at a CAGR of 6.1%. Factors driving the growth of the commercial water heaters market include increasing investments for the development and expansion of commercial sector operations across different regions. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.
- Published: August 2020
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BASF SE (Germany) and Dow Inc., (US) are Leading Players in the Polyurethane Additives Market
The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives market is increasing, owing to the growing demand for innovative and cost-effective additives.
- Published: August 2020
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Market Leader - Industrial Centrifuge Market
The global industrial centrifuge market is projected to reach USD 9.0 billion by 2025 from USD 7.2 billion in 2020, at a CAGR of 4.4% between 2020 and 2025. The increasing demand for centrifuges in process industries and the rising need for wastewater management solutions are the major factors driving the growth of this market. However, the high cost of centrifuges is expected to restrain the market growth during the forecast period.
- Published: August 2020
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Market Leadership - Rapid Liquid Printing Market
The global rapid liquid printing market size is expected to grow from USD 48 million in 2023 to USD 284 million by 2027; it is expected to grow at a CAGR of 55.6% from 2023 to 2027. The key factors driving the growth of the market include fastest among all 3D printing technologies, ability to print using industrial-grade material, ease of development of customized products.
- Published: August 2020
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Gerresheimer AG (Germany) and Nipro Corporation (Japan) are Leading Players in the Dual Chamber Prefilled Syringes Market
The global dual chamber prefilled syringes market size is projected to grow from USD 125 million in 2020 to USD 182 million by 2025, at a CAGR of 6.8% during the forecast year. The growing demand for drug delivery systems, with the growing pharmaceutical industry in the emerging economies and the increasing number of lyophilized drugs, are the key factors for the growing demand for dual chamber prefilled syringes.
- Published: August 2020
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Intelligent Flow Meter Companies - Emerson Electric (US) and Endress+Houser (Switzerland) are the Leading Manufacturers
Intelligent flow meters are designed to ensure the accuracy and convenience of flow measurement, easy deployment, increased flexibility, and embedded intelligence for cooperatively delivering value-added services.The intelligent flow meter market is likely to witness significant growth in the coming future; a key driving factor is benefits of accuracy, stability, and reliability provided by intelligent flow meters. The global intelligent flow meter market size is projected to grow from USD 2.5 billion in 2020 to USD 3.1 billion by 2025 at CAGR of 4.4% during the forecast period.
- Published: August 2020
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SCHOTT (Germany and AMETEK, Inc. (US) are Leading Players in the Hermetic Packaging Market
The global hermetic packaging market size is expected to grow from USD 3.5 billion in 2020 to USD 4.3 billion by 2025 at a CAGR of 4.3%. The growth of this market is attributed to the increasing use of hermetic packaging for protecting highly sensitive electronic components and increasing demand from industries such as aerospace and automotive electronics.
- Published: August 2020
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Market Leader: Growing Trends for Adopting Ethyl Alcohol as Fuel and Isopropyl Alcohol for Sanitizers and Disinfectants Contribute to Drive the Demand for the Industrial Alcohol
The global industrial alcohol market was valued at USD 93.4 billion in 2020 and is projected to reach USD 112 billion by 2025, recording a CAGR of 3.7% during the forecast period. Growing consumer demand for petrochemicals and commercialization of alternative fuels in emerging economies such as India, China, and Brazil have fueled the market growth of industrial alcohol.
- Published: August 2020
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Oracle (US) and SAP (Germany) are leading players in Lease Management Market
The Lease management market size is expected to grow from USD 4.4 billion in 2020 to USD 5.9 billion by 2025, at a CAGR of 5.9% during the forecast period. The demand for lease management is driven by the Increasing demand for SaaS model for effective management of lease, Increasing demand for smart building projects to efficiently manage lease, and Emerging technologies, such as IoT, AI, and mobility, for real-time data analysis.
- Published: August 2020
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Valve Driver Companies - Danfoss (Europe) and Parker Hannifin (US) are the Key Players
The global valve driver market size is expected to grow from USD 421 million in 2020 to USD 519 million by 2025, at a CAGR of 4.3%. Increase in government regulations and policies for saving energy and increase in focus on enhancing efficiency and power consumption are the key factors driving the growth of the valve driver market.
- Published: August 2020
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Market Leadership - Magnetic Sensor Market
The magnetic sensor market is projected to grow from USD 4.3 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 7.7 % from 2020 to 2025. Major factors driving the growth of the magnetic sensor market include intensifying focus of manufacturers towards producing 3D magnetic sensors and increasing investments in magnetic sensor ecosystem.
- Published: August 2020
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Clean Room Robot Companies - Techman Robot (Taiwan) and Rethink Robotics (US) are the key Players
The global clean room robot market (including prices of peripherals, software, and system engineering) size is projected to grow from USD 4.8 billion in 2020 to USD 8.5 billion by 2025; it is expected to grow at a CAGR of 12.0% during the forecast period. One of the major drivers contributing to the market size is companies endeavoring to replace humans in clean room environments by clean room robots as contamination caused by humans is unpredictable. A worker is capable of shedding 600,000 particles of skin per hour, which can also contain several micro-organisms, which is strictly unacceptable in industries such as pharmaceuticals and food & beverages. Companies also aim to reduce personnel on the floor so as not to be blindsided by situations like COVID-19 in the future which cause a shortage of labor.
- Published: August 2020
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Instrumentation Valves and Fittings Companies - Parker Hannifin (US) and CIRCOR International (US) are the Key Players
The global instrumentation valves and fittings market market size was valued at USD 2.4 billion in 2020 and is projected to reach USD 3.7 billion by 2025. It is expected to grow at a CAGR of 9.4% during the forecast period. Surging demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic,growing requirement for reducing excessive noise, pressure, vibration, and cavitation in critical industrial processes, increasing industrialization and urbanization, along with growing number of smart city initiatives, and rising need for connected networks to maintain and monitor varieties of equipment in plants are the key driving factors for the commercial touch display market.
- Published: August 2020
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Foremost Companies in the Clinical Workflow Solutions Market: Hill-Rom Holdings, Inc. (US) and Ascom Holding AG (Switzerland)
The global clinical workflow solutions market is projected to reach USD 18.1 billion by 2025 from USD 9.1 billion in 2020, at a CAGR of 14.8% during the forecast period. Growth in this market is driven by the implementation of government initiatives supporting the adoption of HCIT solutions, advantages of clinical workflow solutions in enhancing patient care and safety, increasing patient volume due to the COVID-19 pandemic, growing adoption of EHRs and other HCIT solutions, and the rising need to curtail healthcare costs. However, factors such as the requirement of high investments in IT infrastructure and interoperability issues are expected to restrain the growth of this market to a certain extent during the forecast period.
- Published: August 2020
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TIGG LLC (US) and Puragen Activated Carbons (US) are leading players in Activated Carbon Filters Market
The global activated carbon filters market size is estimated at USD 267 Million in 2020 and is projected to reach USD 330 Million by 2025, at a CAGR of 4.4%, between 2020 and 2025. Activated carbon filters are used to remove organic compounds, and free chlorine from water to make it suitable for drinking and reuse in manufacturing processes or to discharge in water bodies. They are used to remove organic elements, such as humic acid and fulvic acid from potable water to prevent the formation of trihalomethanes, a class of carcinogens. They are also used for air/gas filtration in various industries. The filter media, which is used in the filtration process is activated carbon, also known as activated charcoal. Activated carbon is a form of carbon that removes organic compounds from liquids and gases by a process known as “adsorption”. It is extremely porous and thus has a very large surface area available for adsorption.
- Published: August 2020
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Market Leaders - Shrink Plastic Film Market
The global shrink plastic film market for beverage multipacks size is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5% during the forecast period. The demand for shrink plastic film for beverage multipacks is increasing significantly, as they have various advantages and are cost-effective for the beverage segment.
- Published: August 2020
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Syntegon Technologies (Germany) and Dara Pharmaceutical Packaging (Spain) are leading players in Dual Chamber Syringe (DCS) Filling Machine Market
The installed base of global dual chamber syringe (DCS) filling machine market size is projected to grow from USD 258 million in 2020 to USD 381 million by 2025, at a CAGR of 8.2% during the forecast year. The growth of this market is attributed to the technological advancements in filling machines, growth in lyophilized drugs, and the growing pharmaceutical industry.
- Published: August 2020
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Flexible AC Transmission Systems (FACTS) Companies - ABB (Hitachi) (ABB, Switzerland) and General Electric Company (US) are the Key Players
The FACTS market is projected to reach USD 1.5 billion in 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. Factors such as increasing benefits offered by FACTS and growth in transmission lines are driving the growth of the market during the forecast period.
- Published: August 2020
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VMware and Microsoft are Leading Players in the Cloud System Management Market
The global cloud system management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period, to reach USD 31.4 billion by 2025 from USD 10.6 billion in 2020. Increased productivity, reduced time and costs, and enhanced focus on customer experience are expected to spur the demand for cloud system management offerings across the globe.
- Published: August 2020
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Foremost Companies in the ePrescribing Market: NextGen Healthcare (US) and athenahealth, Inc. (US)
The global ePrescribing market size is projected to reach USD 3.3 billion by 2025 from USD 1.2 billion in 2020, at a CAGR of 23.3%. In 2019, Cerner Corporation (US), EPIC Systems Corporation (US), and Allscripts (US) dominated the global ePrescribing industry.
- Published: August 2020
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Key strategies adopted by the market players to maintain growth in the global Double Glazing Glass Market
Double glazing glass is used in windows, doors, façades, and other applications. The construction & infrastructure sector is one of the prime consumers of double glazing glass. The demand for double glazing glass is increasing at a significant pace owing to energy-efficient characteristics which help in reducing the energy consumption. However, amidst the global COVID-19 pandemic, the demand is expected to show a sharp decline until 2021. The global double glazing glass market size is expected to grow from USD 21.4 billion in 2020 to USD 27.4 billion by 2025, at a CAGR of 5.0% during the forecast period.
- Published: August 2020
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Foremost Companies in the Breast Augmentation Market: Johnson and Johnson (US) and Allergan (US)
The global breast augmentation market size is projected to reach USD 1,692 million by 2025 from USD 900 million in 2020, at a CAGR 13.4% from 2020 to 2025. Breast augmentation is a medical aesthetic procedure that enlarges or changes the shape of the breast. The growth of this market is driven by the increasing number of breast augmentation procedures and rising awareness of cosmetic procedures.
- Published: August 2020
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Google (US), Microsoft (US) are Leading Players in the Geomarketing Market
The global geomarketing market is expected to grow from USD 10.7 billion in 2020 to USD 32.5 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. Major factors driving the growth of the market are the rising demand for cloud services, the increasing demand for location-based intelligence to enhance the business outcome, and communicate with customers, visitors, and the use of location analytics and big data to generate information about potential markets and customers.
- Published: August 2020
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Surveillance Radar Companies - Raytheon Technologies Corporation (US) and Lockheed Martin Corporation (US) are the Key Players
The Surveillance Radar market size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. The market is driven by various factors, such as the advancement in border surveillance systems, ongoing military modernizations, demand for border surveillance, and the need for advanced air defense systems among others.
- Published: August 2020
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Market Leader - Aluminum Rolled Products Market
The aluminum rolled products market size is estimated to be USD 45.2 billion in 2020 and projected to reach USD 62.5 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Growth in automotive & transportation, building & construction and other industries has fuel the growth of aluminium rolled products market. China, India, Japan, US, and Germany are the major countries leading in the market. However, the recent outbreak of Covid-19 is expected to impact the aluminum rolled products market severely.
- Published: August 2020
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Riflescope Companies - SIG Sauer, Inc., (US), Vortex Optics, (US) are the Key Players
The riflescopes market size is projected to grow from USD 5.7 billion in 2020 to USD 7.3 billion by 2025, at a CAGR of 5.0% from 2020 to 2025. The increasing need for highly precise strike munition, rising asymmetric warfare and soldier modernization programs, among others, are some of the factors fueling the growth of the market
- Published: August 2020
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Market Leadership - Froth Flotation Equipment Market
The global froth flotation equipment market size is expected to grow from USD 280 million in 2020 to USD 375 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. The major driving factors are increasing investments in mining industry in APAC and South America, and stringent regulations pertaining to emission and treatment of municipal and industrial waste.
- Published: August 2020
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Market Leaders - Oilfield Integrity Management Market
The global oilfield integrity management market size is projected to reach USD 18.8 billion by 2025 from an estimated value of USD 12.8 billion in 2020, at a CAGR of 8.1%. Increasing focus on remote monitoring of oilfields for process optimization and automation and stringent government regulations regarding environmental safety are the key factors driving the oilfield integrity management market.
- Published: August 2020
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Cisco (US) and Avaya (US) are Leading Players in the Audio Communication Monitoring Market
MarketsandMarkets expects the global audio communication monitoring market size to grow from USD 1.8 billion in 2020 to USD 4.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. Audio communication monitoring, also known as audio mining and analysis, monitors telephonic, voice, and speech-related audio content. It is used to analyze audio communication, providing a robust structure to interactions and revealing the information provided by an agent to clients and customers or vice versa. This information provides insights related to customers' or clients' perceptions about the brand or company. The key feature of audio communication monitoring is the ability to adhere to risk and compliance management, thus offering stringent security measures and enhancing overall productivity.
- Published: August 2020
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Cisco (US) and Microsoft (US) are leading players in Oil and Gas Security and Service Market
MarketsandMarkets forecasts the oil and gas security and service market size to grow from USD 25.3 billion in 2020 to USD 32.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.2% from 2020 to 2025. Increased expenditure by oil and gas companies on network and physical security, growing political instability in Middle East and need to ensure compliance with industry regulations in oil and gas security and service market to boost the adoption of security and services in oil and gas sector across the globe during the forecast period.
- Published: August 2020
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Market Leader - Enhanced Oil Recovery Market
The global enhanced oil recovery market size is expected to grow from an estimated USD 43.3 billion in 2020 to USD 59.4 billion by 2025, at a CAGR of 6.5% during the forecast period. With the increasing production from mature oilfields, there are high growth prospects for the enhanced oil recovery market during the forecast period.
- Published: August 2020
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Market Leaders - Feed Yeast Market
The global feed yeast market size estimated at USD 1.8 billion in 2020 and is projected to grow at a CAGR of 5.1% to reach USD 2.3 billion by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of yeast-based animal feed products and strict government regulations regarding animal health.
- Published: August 2020
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Ericsson (Sweden) and Huawei (China) are leading players in Small Cell 5G Network Market
The global small cell 5G network market size is expected to grow from USD 626 million in 2020 to USD 2,413 million by 2025, at a Compound Annual Growth Rate (CAGR) of 31.0% during the forecast period. The major growth drivers for the market include the growth in mobile data traffic, the emergence of Citizens Broadband Radio Services (CBRS) band, and lowered Capital Expenditure (CAPEX). However, the poor backhaul connectivity may restrain the market growth.
- Published: August 2020
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Market Leader - Dewatering Equipment Market
The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. Rising environmental awareness and stringent regulatory laws regarding sludge disposal are expected to drive the dewatering equipment market.
- Published: August 2020
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New Revenue Pockets - Feed Binders Market
The global feed binders market is estimated to account for a value of USD 4.5 billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of USD 5.1 billion by 2025. The feed binders market is projected to witness significant growth due to the increasing need for improving the quality of feed provided to the livestock. Innovative techniques are being developed to manufacture different feed binder products to capture the untapped potential of the market. The need to increase food production for domestic consumption, as well as for exporting among developing countries, have led to an increase in demand for agricultural inputs and feed rations. The increasing trend of meat consumption in the Asia Pacific region has further led to a rise in the production of compound feed, which has further driven the demand for feed binders.
- Published: August 2020
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Market Leadership - Ambient Lighting Market
The ambient lighting market is estimated to be USD 58.0 billion in 2020 and projected to reach USD 88.3 billion by 2025, at a CAGR of 8.8%. The key factors contributing to the growth of the market are modernization of infrastructure and upcoming smart city projects in developing economies, government initiatives and policies for energy savings, and increasing consumer preferences for better interior designing with energy-efficient lighting systems. Increasing awareness regarding energy-efficient lighting solutions and stringent government regulations for the implementation of such solutions across the US, the UK, Germany, and China are proving to be some of the other factors driving the growth for the ambient lighting market.
- Published: August 2020
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Diameter Signaling Companies - Huawei (China) and Oracle (US), are the Key Players
The Diameter Signaling Market is valued at USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2025; expected to grow at a CAGR of 7.1% from 2020 and 2025 driven by the increase in the number of 4G subscribers, trials and rollouts of 5G communication networks across the world and focus on the digitalization of economies.
- Published: August 2020
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Europe TIC Companies - SGS (Switzerland) and Bureau Veritas (France) are the Key Players
The Europe TIC market is projected to grow from USD 50.1 million in 2020 to USD 60.4 million by 2025, at a CAGR of 3.8%. The market is driven by the rising demand certified products to ensure safety and reliability and mandates imposed by respective government authorities in order to produce or procure goods from other countries.
- Published: August 2020
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Market Leader - Connected Device Analytics Market
The global connected device analytics market size to grow from USD 14.3 billion in 2020 to USD 40.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. The connected device analytics market is said to have high growth potential, due to the ability of connected device analytics solutions to empower organizations to recognize undiscovered opportunities and uncover concealed risks covered inside the vast measures of connected device data.
- Published: August 2020
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Market Leader: Increasing Grain Production Drives the Demand For Grain Silos and Storage Systems
The grain silos and storage systems market is estimated to be valued at USD 1.3 billion in 2020 and is projected to reach USD 1.6 billion by 2025, recording a CAGR of 4.8% during the forecast period. The growth of the grain silos and storage system market is driven by factors such as the increase in production of high-quality grains through effective storing, and efficient post-harvest management of grains to drive the market growth.
- Published: August 2020
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Market Leader - Automotive Glazing Market
The global automotive glazing market size is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 1.7 billion by 2025, at a CAGR of 9.9%. The market will be driven primarily because of the increase in vehicle production, particularly lighting applications. The increasing demand for complex glazing design and lightweight vehicles is driving the growth of the automotive glazing market for polycarbonate.
- Published: August 2020
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IBM (US) and Cisco (US) are leading players in IoT in Smart Cities Market
The global IoT in smart cities market size to grow from USD 130.6 billion in 2021 to USD 312.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.0 % during the forecast period. Various factors such as exponential rise in urban population actuating smart management, increasing number of government initiatives and PPP models for smart cities, and adoption of connected and smart technologies in smart cities initiative are expected to drive the adoption of IoT in smart cities solutions and services.
- Published: July 2020
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Narrowband IoT (NB-IoT) Chipset Companies - Huawei (China) and Qualcomm (US) are the Leading Manufacturers
NB-IoT is expected to be one of the most efficient connectivity technologies for real-time data transfer as it consumes less power and covers a wider area than existing LPWA technologies, such as LoRa and Sigfox. The NB-IoT chipset market is projected to reach USD 2,484 million by 2025 from USD 461 million in 2020 at a CAGR of 40.0%. Increasing demand for wearable devices due to COVID-19 outbreak, growing adoption of IoT and rise in the use of connected devices, and increasing demand for low-power, low-cost, and long-range connectivity are the key drivers for the growth of this market. Emerging smart city initiatives and smart buildings across the world pose a huge growth opportunity for companies involved in this market.
- Published: July 2020
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Top Companies in Automotive Heat Shield Market - Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland) and Alkegen (US)
The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032 at a CAGR of 0.6%. The demand for automotive heat shields is expected to grow with the rise in global vehicle production and the need for fuel-efficient vehicles. The increasing adoption of plug-in hybrid electric vehicles (PHEVs) and advancements in heat shield technology that improve vehicle performance and efficiency are key factors driving this market. Additionally, the growing use of lightweight vehicle components has increased the demand for heat shields that are both lightweight and resistant to high temperatures.
- Published: July 2020
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