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Latest Press Releases
Leatherette Market to Reach $10.5 Billion by 2035
Published: Mar 2026
Leatherette market was valued at $5.9 billion in 2025 and is projected to reach $10.5 billion by 2035, growing at a CAGR of 6.2% during the forecast period (2025–2035). Leather is a natural material derived from animal hides and is widely valued for its durability, premium appearance, breathability, and long service life. The growing demand for premium, long-lasting, and aesthetically appealing materials is significantly supporting market expansion. Full-grain leather represents the highest quality segment, retaining the natural grain and offering superior strength and ageing characteristics, making it ideal for luxury fashion and premium furniture. Top grain leather, which undergoes light surface finishing for a refined look, is widely used in automotive interiors and high-end accessories. Genuine leather provides a balance between affordability and durability, supporting mass-market footwear and consumer goods. Split grain leather, derived from the lower layer of the hide, is commonly used in upholstery and footwear applications.
Thyristor Market to Reach $2.9 Billion by 2035
Published: Mar 2026
Thyristor market was valued at $1.7 billion in 2025, projected to reach $2.9 billion by 2035, growing at a CAGR of 5.8% from 2026 to 2035. A major driver of this market is the rapid growth in electricity demand in both developed and emerging economies. According to the International Energy Agency, electricity demand in countries like India is projected to grow significantly, with India alone expected to witness around 4% demand growth in 2025 and further acceleration in 2026. This surge in demand is strongly linked to industrial expansion, urbanisation, and the increasing adoption of electrical appliances.
Silicon Carbide (SiC) Power Semiconductor Market to Reach $16.8 Million by 2035
Published: Mar 2026
Silicon Carbide (SiC) Power Semiconductor market was valued at $3.4 billion in 2025 and is projected to reach $16.8 billion by 2035, growing at a CAGR of 17.4% during the forecast period (2025–2035). Silicon carbide power semiconductors are widely used in various efficient power conversion system applications owing to their excellent properties, such as high thermal conductivity, voltage handling, and low switching loss. Such properties make silicon carbide power semiconductors indispensable in various applications, including electric vehicles, renewable energy, and power electronics.
Iso Butyric Acid Market to Reach $371.0 Million by 2035
Published: Mar 2026
Iso butyric acid market was valued at $230.0 million in 2025 and is projected to reach $371.0 million by 2035, growing at a CAGR of 4.8% during the forecast period (2025–2035) Isobutyric acid (2?methylpropanoic acid, CAS?79?31?2) serves as a crucial chemical intermediate in industrial and laboratory processes, forming the foundation for the production of esters, solvents, and specialty chemicals. It is registered for use in chemical manufacturing and formulation, including repackaging into industrial products such as cleaning agents, coatings, adhesives, and pH regulators. These registered uses reflect its recognized role in professional and industrial applications, where controlled handling ensures safety and efficacy.
Semiconductor Logic Devices Market to Reach $418.0 Billion by 2035
Published: Mar 2026
Semiconductor logic devices market was valued at $245.0 billion in 2025 and is projected to reach $418.0 billion by 2035, growing at a CAGR of 5.5% during the forecast period (2026-2035). Logic devices, which serve as the main processing units for digital signals, are essential to the development of modern computing. The market’s growth is greatly driven by the global shift toward Artificial Intelligence (AI) and High-Performance Computing (HPC), which act as key macro drivers for semiconductor demand.
Industrial Semiconductor Markets to Reach $97.2 Billion by 2035
Published: Mar 2026
Industrial semiconductor market was valued at $48.0 billion in 2025, projected to reach $97.2 billion by 2035, growing at a CAGR of 7.4% from 2026 to 2035. Industrial Semiconductor Market represents a vital segment of the global semiconductor industry, focusing on electronic components designed for industrial equipment, automation systems, power management, and advanced manufacturing technologies. Industrial semiconductors provide key advantages such as high reliability, energy efficiency, and precise control in demanding environments, making them essential for applications including factory automation, motor drives, robotics, smart grids, industrial networking, and power electronics. The market is experiencing steady growth due to the increasing adoption of Industry 4.0, industrial IoT (IIoT), and smart manufacturing systems, which require advanced sensors, integrated circuits, and power devices for real-time monitoring and control.
Glycine Market is expected to reach $2.2 Billion By 2035
Published: Mar 2026
Glycine market was valued at $1.5 billion in 2025 and is projected to reach $2.2 billion by 2035, growing at a CAGR of 3.7% during the forecast period (2025–2035). Glycine is a non-essential amino acid widely used across multiple industries, including pharmaceuticals, food and beverages, cosmetics, and animal feed. It functions as a building block of proteins and plays an important role in metabolic processes in humans and animals. In the pharmaceutical sector, glycine is used in the formulation of drugs and intravenous solutions, while in the food industry, it serves as a flavor enhancer, sweetener, and preservative. In animal nutrition, glycine is incorporated into feed formulations to improve growth performance and metabolic efficiency in livestock and poultry. Glycine is generally produced through chemical synthesis or through protein hydrolysis, and its demand continues to grow due to its wide industrial applicability.
Vitamin B5 Market to Reach $632.7 Million by 2035
Published: Mar 2026
Vitamin B5 market was valued at $375.0 million in 2025 and is projected to reach $632.7 million by 2035, growing at a CAGR of 5.4% during the forecast period (2026–2035). Vitamin B5, scientifically known as pantothenic acid, is a water-soluble vitamin that plays a vital role in the body’s metabolic processes. This essential vitamin participates in energy generation, synthesizing hormones, and maintains optimal conditions for skin, hair, and nails, making it an important ingredient in dietary supplements, pharmaceuticals, and cosmetic formulations. Pantothenic acid is naturally present in a wide variety of plant and animal-based foods. The best sources include mushrooms, avocados, nuts and seeds, yogurt, potatoes, and brown rice etc.
Processor and Computing Chip Market to Reach $1,123.0 Billion by 2035
Published: Mar 2026
Processor and computing chips market was valued at $170.0 billion in 2025 and is projected to reach $1,123.0 billion by 2035, growing at a CAGR of 20.8% from 2026 to 2035. The Government of India, through the Ministry of Electronics and Information Technology (MeitY), announced an investment of over $10 billion in 2024 to promote domestic semiconductor manufacturing. These initiatives are increasing demand for high-performance processors and computing chips to support data centers, cloud computing, and AI workloads.
Polyalphaolefin Market to Reach $3.0 Billion by 2035
Published: Mar 2026
Polyalphaolefin market was valued at $1.8 billion in 2025 and is projected to reach $3.0 billion by 2035, growing at a CAGR of 5.4% during the forecast period (2025–2035). Polyalphaolefin is a high performance synthetic base oil primarily uses in automotive lubricants, particularly in fully synthetic engine oil, transmission fluids, and gear oil. Polyalphaolefin are produced through the controller oligomerization of linear alpha olefins (LAOs), typically 1-decene, resulting in uniform molecular structure that provides exceptional lubrication performance under extreme operating condition.