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Showing posts from July, 2024

Natural Rubber Procurement Intelligence To Grow Substantially At A CAGR Of 5.09% Till 2030

  Natural Rubber   Procurement Intelligence Implementing efficient procurement practices can help companies reduce costs related to sourcing natural rubber. The global market size was estimated at USD 19.73 billion in 2023. The market is driven by rising demand for the category derived from certified sustainable plantations and a shift in consumer preferences toward sustainable products. The increasing applications of this commodity in non-automotive sectors, such as footwear, consumer goods, healthcare, and construction sectors, are also driving the growth. It is estimated that the total global production of this commodity in 2023 and 2022 was 14.5 million tons each year, compared to 13.8 million tons in 2021. On the other hand, world consumption of rubber (natural and synthetic total) decreased by 2.4% in 2023. In 2023, consumption dropped to 28.8 million tons compared to 29.5 million tons in 2022. The industry is highly fragmented and competitive. Due to the ease with which...

Polyvinyl Chloride (PVC) Procurement Intelligence To Grow Substantially At A CAGR Of 3.9% Till 2030

  Polyvinyl Chloride (PVC)   Procurement Intelligence Procurement of PVC benefits buyers from several end-use sectors, such as construction, packaging, automotive, electronics, and healthcare, due to its versatility and abundant applications in these sectors. The global market size was estimated at USD 54.6 billion in 2023. In 2023, APAC dominated the industry, comprising 38% of the global market share in 2023. Countries such as India, China, and Japan are the key contributors to APAC’s growth, prompting supply chain managers to foster their strategies. Key driving factors for other regions, such as North America and Europe, include the substantial presence of key players and technological advancements in manufacturing. Moreover, this is an important material in shock-absorbing automotive components, and sales of automobiles in the aforesaid regions are forecasted to rise exponentially during the next few years. In 2024, the PVC industry has been significantly impacted by chal...

Manga Market 2024 Supply-Demand, Production Cost and Share Analysis

  Manga Industry Overview The global manga market size was estimated at USD 13.69 billion in 2023 and is expected to grow at a CAGR of 18.0% from 2024 to 2030. The growth can be ascribed to the increasing popularity of graphic reading content comprising exciting stories and attractive visuals. Manga is among the most popular forms of Japanese entertainment media among children and adults. It has a powerful influence on the youth and serves as significant cultural entertainment. Gather more insights about the market drivers, restrains and growth of the   Manga Market The market expansion is being further driven by the launch of various new titles in line with the explosive demand from the audience. Manga content comes in a variety of forms, such as creative, funny, inspirational, artistic, philosophical, trashy, and even edifying. Manga also depicts various virtues, emotions, and vices, such as success by hard work, strong-spiritedness, self-denial, persistence, dedication, plu...

Wound Care Market Will Grow Rapidly In Coming Years

  Wound Care Industry Overview The global wound care market size was estimated at USD 22.25 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.17% from 2024 to 2030. The demand for wound care products is increasing owing to the increasing number of surgical cases and the rising prevalence of chronic diseases across the globe. Furthermore, the increasing incidence of diabetes due to a sedentary lifestyle is one of the leading factors contributing to market growth. For instance, as per a report by Centers for Disease Control and Prevention (CDC), which was last reviewed in April 2023, 37.3 million Americans have diabetes. Similarly, as per the same source, 96 million American adults have prediabetes. Gather more insights about the market drivers, restrains and growth of the   Wound Care Market Besides, wound care products help cure diabetic foot ulcers, which are prevalent in diabetic patients. For instance, according to a National Institute of...

Data Center Colocation Market Foreseen To Increase Exponentially By 2030

  Data Center Colocation Industry Overview The global data center colocation market size was valued at USD 54.82 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. Data centers are a major part of modern corporate practices responsible for administering business applications. The need for IT infrastructure for running businesses has increased over the years as businesses become more dependent on data, which has further resulted in the higher adoption of cloud services. Colocation data centers have enabled quick scaling up of IT requirements of businesses. Moreover, higher costs of owning and maintaining data centers, for companies to generate inconsistent data volumes, have been a key factor driving the market growth. Gather more insights about the market drivers, restrains and growth of the   Data Center Colocation Market The emergence of technologies, including cloud computing, autonomous vehicles, Internet-of-Things (...

U.S. Household Appliances Market Share To Reach Scalable Heights Of Growth

  U.S. Household Appliances Industry Overview The  U.S. household appliances market size was valued at USD 58.33 billion in 2023  and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. The rise in people's disposable income levels is expected to be a driving force in the market's expansion. The pace of urbanization is rapidly expanding, which is projected to have a beneficial impact on the household appliances market. COVID-19's rapid spread across the globe posed major issues in the form of supply chain disruptions for most manufacturers, including large home appliances in the United States. Limited component availability, labor shortages, and other supply chain-related issues are some of the primary challenges that most industry players are currently focused on. Gather more insights about the market drivers, restrains and growth of the   U.S. Household Appliances Market Furthermore, consumers were compelled to reconsider their pr...