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Showing posts from December, 2022

Non-contact Infrared Thermometers Market Worth $1.09 Billion By 2030

Non-contact Infrared Thermometer Industry Overview The global non-contact infrared thermometer market size was valued at USD 380.84 million in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 12.42% from 2022 to 2030.  Non-contact infrared thermometers facilitate temperature measurement from a distance without any contact with the body. The demand for non-contact infrared thermometers has increased due to a rise in the number of infectious diseases across the globe. For instance, according to the WHO, the incidence of dengue has increased around the world over by 8-fold in the last two decades. For instance, there were 505,430 cases of dengue in 2000, which has grown to 2.4 million in 2010, and 5.2 million in 2019. Gather more insights about the market drivers, restrains and growth of the Global Non-contact Infrared Thermometer Market Moreover, according to Postgraduate Medical Journal, about 1.3 million people in UK visit the malaria-prone area, which ...

Injection Molding Market Size Worth $397.6 Billion By 2030

Injection Molding Industry Overview The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030.  The market growth is expected to be driven by the increasing demand for mass production of thousands of identical components at lower costs coupled with design flexibility, precision from various end-user industries such as packaging, medical, and electronics. The global economic recovery has been jolted by the quick emergence of the omicron strain in 2021. High transmissibility and ability to infect the vaccinated may lead to the imposition of lockdown and cause supply chain disruptions. Gather more insights about the market drivers, restrains and growth of the Global Injection Molding Market Furthermore, countries such as China, India, South Korea are focusing on strengthening domestic manufacturing to hedge themselves from future disruptions which are expecte...

Europe Calcium Carbonate Market Worth $14.1 Billion By 2030

Europe Calcium Carbonate Industry Overview The Europe calcium carbonate market size was estimated at USD 8.7 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 5.6% from 2022 to 2030.  Rising demand for calcium carbonate in other industries such as dietary supplements, in metalloid minerals, and additives in thermoplastics such as Polyvinyl Chloride (PVC) is projected to drive the market. Industrial fillers are added to the materials such as plastics, concrete, and composite materials to lower the cost of expensive binder materials and enhance the properties of the end product. Calcium carbonate is used to produce Calcium Citrate (citric acid), which is used as a food additive, as a preservative, acidifier, or a flavoring agent. It is also used in applications such as cleaning agents, cosmetics, pharmaceuticals, and dietary supplements. Gather more insights about the market drivers, restrains and growth of the Europe Calcium Carbonate Mark...

Non-destructive Testing Market Size Worth $34.1 Billion By 2030

Non-destructive Testing Industry Overview The global non-destructive testing market size was valued at USD 17.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030.  The rise in manufacturing activities among the developing and developed nations is estimated to drive the growth of the non-destructive testing (NDT) market over the forecast period. Technological innovations have led to the development of advanced NDT processes with improved fault detection and safety. Furthermore, increasing awareness amongst the manufacturers regarding the use of NDT is expected to improve the penetration of NDT techniques in the forthcoming years. Gather more insights about the market drivers, restrains and growth of the Global Non-destructive Testing Market Projects deploying non-destructive testing techniques are completed in a lesser amount of time owing to fault detection at complex locations and irregular surfaces. Reducing the possi...

Lithium Market Worth $18.99 Billion By 2030 | CAGR 12.0%

Lithium Industry Overview The global lithium market size was valued at USD 6.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2022 to 2030.  Electrification of vehicles is projected to attract a significant volume of lithium-ion batteries, thus anticipated to drive the market over the forecast period. The automotive application segment is expected to witness substantial growth over the forecast period, driven by stringent regulations for ICE automakers imposed by government bodies to reduce carbon dioxide emissions from vehicles. This has shifted the interest of automakers toward producing EVs, which is anticipated to benefit the demand for lithium and related products. Government subsidies for EVs, along with investments in this space, are likely to act as an additional booster to the growth of the market. Gather more insights about the market drivers, restrains and growth of the Global Lithium Market The U.S. holds major sign...

Asia Pacific Digital Health Market Worth $326.7 Billion By 2030

Asia Pacific Digital Health Industry Overview The Asia Pacific digital health market size was valued at USD 40.3 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 26.5% from 2022 to 2030.  The increasing consumer base for remote healthcare consultation, growing investments in digitalization of healthcare institutions, and rising number of chronic and infectious disease patient populations are some of the major factors anticipated to drive the market growth. In addition, the growing adoption of virtual healthcare services and increasing internet penetration are also expected to accelerate the market growth in this region. Furthermore, the increasing number of COVID-19 cases in Asia Pacific accelerated the adoption of digital health platforms for remote healthcare services. Gather more insights about the market drivers, restrains and growth of the Asia Pacific Digital Health Market This, in turn, is anticipated to boost the market growth over ...