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Microsoft (US) and IBM (US) are leading players in Graph Analytics Market
The global graph analytics market size is expected to grow from USD 584 million in 2019 to USD 2,522 million by 2024, at a Compound Annual Growth Rate (CAGR) of 34.0% during the forecast period. The growing demand for the ability to uncover relationships between data in real time is one of the major drivers of the graph analytics market.
- Published: October 2019
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GE Healthcare (US) and Siemens Healthineers (Germany) are Leading Players in the Lymphedema Diagnostics Market
The global lymphedema diagnostics market is projected to reach USD 35 million by 2024 from USD 24 million in 2019, at a CAGR of 7.4%. The growing global prevalence of lymphedema and cancer; technological advancements in diagnostic imaging modalities; and increasing investments, funds, and grants by public-private organizations are the major factors driving the growth of this market. However, the high cost of diagnostic imaging systems, the short half-life of radiopharmaceuticals, the limited supply of helium, and the increasing adoption of refurbished diagnostic imaging systems are expected to restrain the growth of this market.
- Published: October 2019
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Chart Industries (US) and Cryofab (US) are the Key Players in the Cryogenic Tanks Market
The global cryogenic tanks market size of is estimated at USD 6.2 billion in 2019 and projected to reach USD 8.1 billion by 2024, at a CAGR of 5.5%. The global cryogenic tanks industry is driven by improving healthcare services, especially in the developing economies. Rising demand for LNG in various sectors, such as automotive, domestic & commercial fuel, and power generation is expected to boost natural gas exploration and production, thereby boosting the growth of the cryogenic tanks market.
- Published: October 2019
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Market Leader - Water Treatment Biocides Market
The global water treatment biocides market size is projected to reach USD 4.7 billion by 2024 from the estimated USD 3.5 billion in 2019, at a CAGR of 6.2% between 2019 and 2024. The presence of a stringent regulatory environment, along with the growing demand for biocides from various applications, are the factors driving the demand for water treatment biocides. However, the lengthy and expensive registration process is restraining the growth of the water treatment biocides industry.
- Published: October 2019
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BASF (Germany) and ), Songwon (South Korea) are the Key Players in the Plastic Antioxidants Market
The plastic antioxidants market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market. The major restraint for the market will be adverse effect on health from synthetic plastics antioxidants. However, the untapped demand in the agricultural sector of developing countries will act as an opportunity for the market.
- Published: October 2019
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New product launches, business expansions, partnerships, agreements, and collaborations, and acquisitions, to further expand their presence in the global Security Advisory Services Market
The global security advisory services market size is expected to grow from USD 7.8 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. Security advisory services helps in effectively secure their business-critical infrastructure from sophisticated cyber-attack vectors. Security advisory services vendors comprise of a team of security professionals with diverse backgrounds and vast consulting experience in information security domain who advice businesses to make the smart decision to be safe and secure from ever-changing threat landscape. Both public and private organizations are increasingly adopting information security advisory services to carry out business processes efficiently. The security advisory service providers are updating themselves with new attacks and ways to defend them, thus reducing the risks associated with processes, applications, technologies, people, and regulations.
- Published: October 2019
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Siemens (Germany) and PTC (US) are leading players in the Product lifecycle management Market
MarketsandMarkets projects the product lifecycle management market to grow from USD 50.7 billion in 2019 to USD 73.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period. Major factors expected to drive the growth of the product lifecycle management market include growing focus on developing groundbreaking smart products and factories, increasing need to build product innovation platform would support product lifecycle management-enabled applications, and growing demand for cloud-based product lifecycle management solutions for scalability and secure IT infrastructure.
- Published: October 2019
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Lorbrand Composites (South Africa) and NEPEAN Conveyors (Australia) are the Key Players in the Composite Rollers Market
The composite roller market size is estimated to grow from USD 127 million in 2019 to USD 163 million by 2024, at a CAGR of 5.2% between 2019 and 2024. A roller comprises various components, including shell, bearing, shaft, labyrinth seal, circlip, and housing, to name a few. And, composite are that category of rollers where shell or tube of a roller is manufactured using composite materials. Composite roller is an excellent alternative to steel and other metal rollers. Composite rollers are extremely lightweight in nature and generates low noise & vibration along with better life-cycle that makes them highly suitable for use in paper & pulp, textile, mining, and other industries.
- Published: October 2019
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Ultraviolet Analyzer Companies - ABB Ltd. (Switzerland) and Emerson Electric Co. (US), are the Key Players
The Ultraviolet Analyzer Market is expected to grow from USD 1.0 billion by 2019 to USD 1.4 billion by 2024 at a CAGR of 6.4% from 2019 to 2024. A few key factors driving the growth of this market include the rise in demand for environmental protection would upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent environmental standards and regulations.
- Published: October 2019
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Key players have adopted various strategies to grow in the Contract Management Software Market
MarketsandMarkets projects the contract management software market to grow from USD 1.5 billion in 2019 to USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. Major factors expected to drive the growth of the contract management software market include rising demand for an agile contract management software, increasing changes in compliances, and increased complexity owing to diversity in sales and licensing models.
- Published: October 2019
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5G Infrastructure Companies - Huawei (China) and CISCO (US), are the Key Players
The 5G Infrastructure Market is estimated to be valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1% during the forecast period. Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market. Increasing M2M connections across various industries are also expected to fuel the growth of the 5G infrastructure market.
- Published: October 2019
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Google (US) and AWS (US) are Leading Players in the AI in Fashion Market
The global AI in fashion market is expected to grow from USD 228 million in 2019 to USD 1,260 million by 2024, at a Compound Annual Growth Rate (CAGR) of 40.8% during the forecast period. Major growth factors for the market include customer’s demand for a personalized experience, increasing the need for inventory management and the growing influence of social media in the fashion industry.
- Published: October 2019
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DS Smith (UK) and Schoeller Allibert (Netherlands) are Leading Players in the Dunnage Packaging Market
The dunnage packaging market size is estimated to be USD 3.0 billion in 2019 and is projected to reach USD 4.0 billion by 2024, at a CAGR of 5.0% between 2019 and 2024. Advantages of dunnage packaging such as cost-effective, time-saving, environmentally friendly, reusable waste materials, durability, and resistance to fire, are resulting in an increasing demand for the dunnage packaging from various end-use industries such as automotive, aerospace, food & beverages, healthcare, consumer durables, and others.
- Published: October 2019
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Merck Group (Germany), Medtronic plc (Ireland), United Therapeutics Corporation (US), Insulet Corporation (US), Bayer AG (Germany), Novo Nordisk (Denmark), AstraZeneca (UK), Tandem Diabetes Care (US), and Amgen (US) are the Leading Players in the Electronic Drug Delivery System Market
The electronic drug delivery system market is projected to reach USD 11.9 billion by 2024 from USD 7.8 billion in 2019, at a CAGR of 8.7% between 2019 and 2024. The growth of the electronic drug delivery system market is driven mainly by the growing prevalence of target diseases, the favorable reimbursement scenario in major markets, and advancements in technologies and designs of electronic drug delivery systems. However, the preference for alternative drug delivery modes is expected to limit the adoption of electronic drug delivery systems to a certain extent.
- Published: October 2019
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Market Leaders - North America Well Intervention Market
The North America well intervention market is expected to grow from an estimated USD 3.0 billion in 2019 to USD 4.2 billion by 2024, at a CAGR of 6.5% during the forecast period. With the growing demand for primary energy and the rapid rate of maturing of oil & gas fields, there are high growth prospects for the North America well intervention market during the forecast period.
- Published: October 2019
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Oshkosh Corporation (US) and Rheinmetall AG (Germany) are the Leading Player in the Military Truck Market
The military truck market is projected to reach 20,171 units by 2027 from 15,677 units in 2019, at a CAGR of 3.2%. The growth of the market is driven by the increased number of army personnels, rise in the defense budget, and high demand for transportation of military equipment.
- Published: October 2019
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Cisco (US) and IBM (US) are Leading Players in the Network Analytics Market
MarketsandMarkets projects the Network Analytics market to grow from USD 1.4 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period. Major factors expected to drive the growth of the network analytics market include addressing of network complexity arising due to the advent of new technologies, such as 5G, IoT, and cloud; increase in data volume and changes in traffic patterns, and rise in SDN integration with existing network infrastructures.
- Published: October 2019
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Microsoft (US) and AWS (US) are leading players in Cloud Infrastructure Services Market
MarketsandMarkets expects the cloud infrastructure services market to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period (2019–2024). Increasing digitalization across industries, changing perception toward the cloud, initiatives, and investment by government for adoption of technologies, and the growing awareness of the benefits of the cloud is expected to increase the adoption of cloud infrastructure services across the globe during the forecast period.
- Published: October 2019
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New product development, agreement, and acquisition are the key development strategies adopted by the leading players for the growth of the Translucent Concrete Market
The translucent concrete market size is growing due to the rising construction & infrastructure industry and increasing focus on the development of green building activities. Factors such as demand for aesthetic products that save electric energy and high strength construction materials will drive the demand for translucent concrete. The translucent concrete industry is expected to grow from USD 875 thousand in 2019 to USD 16,534 thousand by 2024, at a CAGR of 80.0% during the forecast period.
- Published: October 2019
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Dell (US), HPE (US) and NetApp (US) are Leading Players in the Healthcare Data Storage Market
The healthcare data storage market is projected to reach USD 5.4 billion in 2024 from USD 2.8 billion in 2019, at a CAGR of 14.3%. Market growth is driven mainly by the massive growth in digital data volume in healthcare organizations, faster and easier deployment of cloud storage solutions, and increasing adoption of hybrid data storage solutions.
- Published: October 2019
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IBM (US) and Cubic (US) are leading players in Transportation Analytics Market
The global transportation analytics market size is expected to grow from USD 10.3 Billion in 2019 to USD 27.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period. The major driving factors in the transportation analytics market are the increasing population and adoption of connected and smart technologies in transportation.
- Published: October 2019
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Ultrasonic Cleaning Companies - Branson Ultrasonic Corporation (US) and Cleaning Technologies Group (US) are the Leading Manufacturers
The ultrasonic cleaning market size is expected to grow from USD 1.6 billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 6.5% during the forecast period. Improving efficiency and safety in cleaning operations of components and eco-friendly cleaning process with biodegradable waste discharge are the key factors driving the growth of the ultrasonic cleaning market.
- Published: October 2019
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Bugcrowd Inc. (US) and HackerOne (US) are leading players in Crowdsourced Security Market
MarketsandMarkets expects the global crowdsourced security market size to grow from USD 90 million to USD 135 million at a CAGR of 8.4% during the forecast period. Crowdsourced security is considered as a methodology that invites a group of ethical hackers (a crowd) for security an asset for vulnerabilities. The assets considered can be any IT asset of an organization such as software applications based on web and mobile, networks, and devices that can be susceptible to cyber-attacks and threats. Crowdsourced security assessment is executed majorly through programs and events such as responsible disclosure, vulnerability disclosure and bug bounties with the help of crowdsourced security solution providers
- Published: October 2019
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ABB (Switzerland) and Siemens (Germany) are the Leading Players in the Motor Soft Starter Market
The global motor soft starter market is expected to grow from an estimated size of USD 1.7 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 6.0% during the forecast period. The growth of this market is driven by the increasing demand for industrial pumps, increased investments in oil & gas, water & wastewater projects globally, and booming global power sector.
- Published: October 2019
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Infineon (Germany) and Autoliv (Sweden) are the Major Players in the Body Control Module Market
The global body control module market is projected to grow at a CAGR of 2.6% during the forecast period, to reach USD 35.7 billion by 2027 from an estimated USD 29.2 billion in 2019. Factors such as increasing body electronic functions in modern vehicles and cost benefits associated with body control module would drive the growth of the market.
- Published: October 2019
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Augmented and Virtual Reality (AR VR) in Aviation Companies - Upskill (US) and Google Inc. (US) are the Key Players
The augmented and virtual reality market in aviation is projected to grow from USD 78 million in 2019 to USD 1,372 million by 2025, at a CAGR of 61.2% during the forecast period. The major factors driving the market include increased efficiency and cost savings, reduced chances of human error, and improved passenger experience.
- Published: October 2019
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ServiceMax (US) and IFS (Sweden) are leading players in Field Force Automation Market
The global field force automation market is expected to grow from USD 1.2 billion in 2019 to USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. Factors that drive the market growth of field force automation market are rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions.
- Published: October 2019
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Key players adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global Artificial Neural Network Market
The global Artificial Neural Network (ANN) market size is expected to grow from USD 117 million in 2019 to USD 296 million by 2024, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period. The major driving factor in the ANN market is due to the growing demand to train a large volume of data sets with low supervision to drive the market
- Published: October 2019
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Olympus (Japan) and SKF (Sweden) are leading Players in the Borescope Market
A borescope is an optical tool used for visual inspection. The optical device consists of a rigid or flexible tube with a display on one end and an objective lens or camera on the other end, where both the ends are linked together by an optical or electrical system. Borescopes are used for visual inspection in various industries such as aviation, automotive, power generation, oil & gas, and manufacturing.
- Published: October 2019
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PTC (US) and Corel (Canada) are leading players in Technical Illustration Software Market
The global technical illustration software market size is expected to grow from USD 3.8 billion in 2019 to USD 5.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. The technical illustration software industry is highly competitive, with the presence of a large number of market players comprising top-tier and mid-tier companies. The technical illustration software industry is gaining traction and profitable for vendors. Several organizations in different verticals have realized the benefits of technical illustration software and implemented technical illustration software to speed up the production process by eliminating manual machine inputs.
- Published: October 2019
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Hydrogenics (Canada) and ITM Power (UK) are the Major Player in the Power-to-gas Market
The global power-to-gas market is expected to grow from an estimated USD 26 million in 2019 to USD 42 million by 2024, at a CAGR of 10.1% during the forecast period. The growth of this market is driven by the effective utilization of renewable energy resources and integrated management of power and gas networks.
- Published: October 2019
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Momentive Performance Materials (US) and Innospec Inc. (US) are the Key Players in the Silicone Surfactants Market
The silicone surfactants market is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024. Increasing demand for silicone surfactants from end-use industries has led to the growth of silicone surfactants market. Silicone surfactants are used in skincare, haircare, and personal hygiene products in the personal care industry. Major end-use industries of silicone surfactants include personal care, construction, textile, paints & coatings, and agriculture.
- Published: October 2019
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Plastic Waste Management Companies - Market Leader in Plastic Waste Management Market
The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increase in awareness programs regarding sustainable waste management practices is projected to drive the growth of the plastic waste management industry across the globe during the forecast period.
- Published: September 2019
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Smiths Group plc (UK) and TRACOE Medical GmbH (Germany) are leading players in Tracheostomy Products Market
The tracheostomy products market size is projected to reach USD 220 million by 2024 from USD 179 million in 2019, at a CAGR of 4.2% during the forecast period. Factors such as the increasing prevalence of respiratory diseases & disorders, technological advancements, rising patient demand for home care services, favorable reimbursement scenario, and the availability of clinical evidence for their safety & efficacy are driving the growth of the tracheostomy products industry. However, the high cost of tracheostomy procedures and a dearth of skilled surgeons to conduct tracheostomy procedures are expected to restrain the growth of this market to a certain extent during the forecast period.
- Published: September 2019
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ZF Friedrichshafen (Germany) and Continental (Germany) are the Leading Players in the Highway Driving Assist Market
The highway driving assist market is projected to reach USD 10.7 billion by 2027 from an estimated USD 1.9 billion in 2019 at a CAGR of 23.9% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2027.
- Published: September 2019
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Microsoft (US) and IBM (US) are leading players in Configuration Management Market
The global configuration management market size is projected to grow from USD 1.6 billion in 2019 to USD 3.3 billion by 2024, at a CAGR of 15.1% during the forecast period. Major factors driving the market is the increased demand for simplifying and synchronizing IT resources to boost the adoption of configuration management tools.
- Published: September 2019
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Merger & acquisition among the key strategies adopted by the leading players to strengthen their position in the Glyoxal Market
The glyoxal market size is projected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3%. The major drivers for the glyoxal industry include a rise in disposable income & changing lifestyle, and growing intermediate use in chemical, pharmaceutical, and agriculture industry. In addition, increasing usage in food & beverage packaging is also driving the market for glyoxal.
- Published: September 2019
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Xpel, Inc. (US) and Eastman Chemical Company (US) are the Key Players in the Paint Protection Films Market
In terms of value, the global paint protection films market size is estimated to be USD 242 million in 2019 and projected to reach USD 341 million by 2024, growing at a CAGR of 7.1% from 2019 to 2024. Increasing sales of luxury cars globally, coupled with the rising consumption of thermoplastic polyurethane material is expected to drive the growth of paint protection films industry during the forecast period.
- Published: September 2019
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IBM Corporation (Merge Healthcare Incorporated) (US), McKesson Corporation (US) and Agfa Healthcare (Belgium) are leading players in Specialty PACS Market
The specialty PACS market is projected to reach USD 3.5 billion in 2024 from USD 2.6 billion in 2019, at a CAGR of 6.0%. The growth in this industry is driven mainly by the increasing geriatric population and subsequent growth in the incidences of various diseases, advantages associated with specialty PACS, government initiatives to increase the adoption of healthcare IT solutions, growing investments in medical imaging, rising adoption of medical imaging IT solutions, and increasing use of imaging equipment. On the other hand, budgetary constraints are expected to limit market growth during the forecast period.
- Published: September 2019
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Hybrid Valves Companies - Emerson Electric Co. (US) and IMI Plc. (Finland) are the Key Players
Hybrid valves are used widely in process industries such as oil & gas, chemicals, pharmaceuticals, metal & mining, energy & power, and others for reducing noise & vibrations. The hybrid valves market size is expected to be valued at USD 1.0 billion in 2019 and is likely to reach USD 1.4 billion by 2024, at a CAGR of 6.4% during the forecast period.
- Published: September 2019
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Armacell International S.A. (Luxembourg) and Lisolante K-Flex S.P.A (Italy) are the Leading Players in the Elastomeric Foam Market
The global elastomeric foam market is estimated to increase from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.7% during the forecast period. The global elastomeric foam market is driven mainly by its increasing demamd from HVAC system. The growth in automotive production and increasing usage of thermal insulation in building & construction will drive the demand during the forecast period.
- Published: September 2019
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Market Leaders - Infant Formula Ingredients Market
The global infant formula ingredients market is estimated to be valued at USD 16.7 billion in 2019. It is projected to reach USD 25.5 billion by 2025, recording a CAGR of 7.3% during the forecast period. Fats & oils are the key ingredients required for the growth of infants, as they aid in a wide range of metabolic and physiological functions critical to the development, growth, and health of infants. A mixture of vegetable oils is the most widely used fat source in infant formulas. Due to such advantages, the demand for infant formula ingredients is projected to increase between 2019 and 2025. AarhusKarlshamn AB (AAK), a Sweden-based company, has the entire infant formula ingredients portfolio of fats & oils, derived from plant-based sources such as sunflower, coconut, and rapeseed.
- Published: September 2019
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Market Leader - Modular Trailer Market
The modular trailer market, by value, is projected to grow to USD 10.2 billion by 2027 from USD 7.3 billion in 2019, at a CAGR of 4.3%. The major end user industries of modular trailers such as construction, mining, and wind & energy have experienced positive growth in both developed and emerging regions which is expected to drive the demand for modular trailers.
- Published: September 2019
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Mondi (UK) and International Paper (US) are Leading Players in the Kraft Paper Market
The global kraft paper market is projected to reach USD 14.24 billion by 2030 from USD 12.50 billion in 2025, at a CAGR of 2.6% during the forecast period.
- Published: September 2019
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Computational Photography Companies - Apple (US) and Samsung (South Korea) are the Key Players
The computational photography market was valued at USD 10.7 billion in 2019 and is expected to reach USD 29.0 billion by 2024, at a CAGR of 22.0% from 2019 to 2024. The trend of sharing images and videos using advanced media sharing technologies is a major aspect of social networking on a global basis within the smartphone and multimedia tablet ecosystem. Also, the enhancement in the image resolution of sensors along with the technological advancements in camera modules, components, and design is driving the computational photography industry. The growing demand for superior vision technology in the computer vision industry is expected to lay new growth opportunity for computational cameras during the forecast period.
- Published: September 2019
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Expansion, Acquisition, Partnership, and New Product Launch are the Key Development Strategies Adopted by the Leading Players for the Growth of the Thermoforming Plastic Market.
The thermoforming plastic market size is growing due to the rising healthcare & pharmaceuticals and food & agriculture packaging industries and increasing manufacturing activities. The increasing popularity of retail shopping and rising consumer spending for processed & packed goods are fuelling the demand for thermoforming plastic. Factors such as changing demographics and lifestyles have shifted the market toward e-retailing channels and convenient packaging, which in turn will drive the demand for thermoforming plastic. The thermoforming plastic industry is expected to grow from USD 34.8 billion in 2019 to USD 45.9 billion by 2024, at a CAGR of 5.7% during the forecast period.
- Published: September 2019
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DowDupont (US) and Cargill, Incorporated (US) are the Major Players in the Pectin Market
The global pectin market is estimated to be valued at USD 1.0 billion in 2019 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.5%. The market is driven by factors such as an increase in the consumption of convenience foods, rise in health consciousness among consumers, multi-functionality of pectins, leading to its widening scope in applications and an increase in the demand for natural pectin market. The emerging market potential, growing population, and increasing demand for food are estimated to show medium growth impact on the growth of the pectin industry.
- Published: September 2019
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Mitsubishi Chemical Corporation (Japan) and 3A Composites (Switzerland) are Leading Players in the Cast Acrylic Sheet Market
The cast acrylic sheet market size is expected to grow from USD 3.0 billion in 2019 to USD 4.1 billion by 2024, at a compound annual growth rate (CAGR) of 6.4% during the forecast period. Cast acrylic sheet has a higher impact resistance and optical clarity than glass and is lightweight and customizable to various color and design combinations. Cast acrylic sheet has a wide range of applications, which include signage, POP (Point of Purchase) displays, large-screen LCDs, interactive screens, display cases, skylights, furniture, aquariums, mirrors, office stationery, shelf panels, partitions, solar panels, and sanitaryware.
- Published: September 2019
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BASF (Germany) and Evonik Industries (Germany) are the Key Players in the Diisononyl Phthalate (DINP) Market
The DINP market size is estimated at USD 2.7 billion in 2019 and is projected to reach USD 3.2 billion by 2024, at a CAGR of 4.0%. The booming building & construction industry in the emerging economies in APAC and South America is are driving the DINP market.
- Published: September 2019
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New Product Launches, Investments, New Technology Developments, Partnerships, Mergers, Collaborations,and Agreements to Enhance their Position in the Aerospace Foams Market
The aerospace foams market is projected to grow from USD 4.4 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 8.2% from 2019 to 2024. The rising demand for lightweight and fuel-efficient aircraft have led to the extensive use of advanced materials such as PU foams, PE foams, and others, in the aerospace industry. The manufacturing of advanced materials as well as new product launches by many prominent players in the aerospace industry is one of the key factors driving the growth of the aerospace foams market across the globe.
- Published: September 2019
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