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Latest Press Releases
Rising Demand for Corrosion-Resistant Solutions in Oil & Gas, aerospace, and nuclear power industry.
Published: Jun 2025
Explosion-welded clad metal product market is growing at a CAGR of 6.5% during the forecast period (2025-2035). Pivotal factors such as growing demand for metal-clad products in end-user industries such as oil & gas, mining, and shipbuilding, constant innovation in terms of material composition and technology, and expansion in the utility of metal-clad products in industries such as aerospace are projected to support market growth during the forecast period.
Direct Reduced Iron (DRI) Market Set for Robust Growth: Sustainability and Green Steel Drive Demand
Published: Jun 2025
Direct Reduced Iron (DRI) market size was $72.3 billion in 2024, is projected to grow to $179.0 billion, growing at a CAGR of 8.7% during the forecast period (2025–2035). As per the World Steel Association and Midrex Technologies, Inc., in 2022, annual global direct reduced iron (DRI) production was 127.36 million tons (Mt). DRI is mainly used in the production of steel. The commissioning of new capacity, especially in Iran, the return to operation of many coal-based rotary kiln furnaces in India, and the further ramp-up of recently commissioned plants are some of the major factors driving the growth of the DRI market.
Decarbonization Market Set for Exponential Growth: Policy Mandates and Innovation Drive Market Transformation
Published: Jun 2025
Decarbonization industry size was valued at $2,090 billion in 2024 and is projected to reach $6,808 billion by 2035, growing at a CAGR of 11.3% over the forecast period from 2025 to 2035. Decarbonization in the industrial sector refers to attempts to minimize the industry's carbon footprint and transition to a more sustainable and low-carbon energy future. The growing adoption of CO2 capture absorption process technology is the key factor supporting the growth of the market globally. Various market players scale up in decarbonization technology, carbon capture, utilization, and storage (CCUS), new energies, oil and gas emissions reduction, digital applications, advanced materials for decarbonization, and nature-based solutions.
Rising Prevalence of Fungal Infections and Dermatological Disorders Propel the Clicopirox Olamine Market
Published: Jun 2025
Ciclopirox olamine market size is estimated to reach $280 million in 2035 from $145 million in 2024, is projected to grow at a CAGR of 6.4% during the forecast period (2025–2035). Ciclopirox Olamine, a broad-spectrum antifungal agent, is widely used to treat fungal infections (e.g., athlete’s foot, ringworm) and inflammatory dermatological conditions like psoriasis and dermatitis. The rising frequency of fungal infections is increasing demand for over-the-counter (OTC) antifungal products, and advancements in topical formulations are further supporting the market growth.
Rising demand for Efficient and Effective Aircraft Tires as Air Traffic Grows
Published: Jun 2025
Aircraft tires market, estimated at $2.7 billion in 2024, is projected to grow to $4.6 billion with a CAGR of 4.8% during the forecast period (2025–2035). Growing air passenger traffic, fleet modernization initiatives, and expanding defense expenditures globally propel the demand for efficient and effective aircraft tires. Aircraft tires are paramount to safe landings, takeoffs, and taxiing, with demand being supported by technological improvements in radial-ply tire technology, light materials, and sustainability programs.
Increasing Applications of Antifreeze Proteins to Drive Market Growth
Published: Jun 2025
The global antifreeze proteins market is projected to grow at a CAGR of 17.2% during the forecast period (2025–2035). The antifreeze proteins (AFPs) market on a global scale is expected to continue to grow tremendously over the next ten years, driven by increasing applications in the pharmaceutical, food, agriculture, and cosmetic industries. Antifreeze proteins were first discovered in cold-water fish and some microorganisms, and have garnered interest owing to their ability to prevent ice formation and recrystallization, and thus are incredibly valuable for preserving biological materials and for increasing freeze-tolerance in products. Additionally, the growth in demand for cryoprotectants and freeze-stability, and increasing applications, AFPs play an important role in improving product performance and product shelf-life in many industries.
Increasing collaboration and partnership for Hyper-Converged Infrastructure (HCI)
Published: Jun 2025
Hyper-Converged Infrastructure (HCI) market was valued at $12,850 million in 2024 and is expected to reach $15,818 million in 2025. It is projected to grow at a CAGR of 23.7% from 2025 to 2035, reaching a market size of $133,025 million by 2035. HCI transforms traditional IT operational models with simple, unified resource management, offering a multitude of benefits such as Simplified management, Flexibility and scalability, Optimized performance and efficiency, Cost savings, and many others. Various companies are adopting the HCI over the traditional system, also there are several new launches in the field of Hyper-Converged Infrastructure. Companies are partnering for better adoption and utilization of HCI. Some of them include:
Growing Advancement in Footwear Skateboard Shoes Set to Drive Market Growth
Published: Jun 2025
Skateboard shoe market is anticipated to reach $3.1 billion in 2035 from $1.9 billion in 2024, witnessing a CAGR of 4.3% during the forecast period (2025-2035). The ongoing innovations in footwear technology and material science are the reasons for the growth of the market.  Skateboarding shoes have come a long way from being merely a fashion statement to being a performance-enhancing feature, a safety feature, and a comfort feature for both amateur and professional skaters.  The market for action-specific footwear designed particularly for the requirements of skaters is gradually expanding as action sports continue to grow increasingly popular, especially among the youth.
Increasing Interest in Organic Dietary Supplements Expected to Drive Market Growth to $21.2 Billion by 2035
Published: Jun 2025
Moringa products market was valued at $8.15 billion in 2024 and is projected to reach $21.2 billion by 2035, with a growing CAGR of 9.1% during the forecast period (2025-2035). Moringa oleifera, also known as the “tree of life” or “miracle tree,” is an important herbal plant due to its immense medicinal and non-medicinal benefits. Moringa oleifera has anti-inflammatory and antioxidant benefits like boosting liver, heart, and skin health and managing blood pressure, cholesterol, and glucose levels. The antioxidant compounds found in Moringa leaves can be useful for the photoprotection against oxidative stress caused by UV exposure, which after prolonged exposure could lead to skin cancer. For maximum utilization of nutrients in moringa, value-added products are prepared from different parts of the trees. 
Growing Digital Consumption and Rising Home Cooking Interest to Drive Market Growth
Published: Jun 2025
Global recipe website market is anticipated to grow at a CAGR of 7.2% during the forecast period (2025-2035). The market growth is driven by increasing digital consumption and rising home cooking interest, Recipe platforms are transforming user experiences with food content, fusing convenience, personalization, and interactivity. As more health-oriented consumers are seeking global food, recipe websites are integrating part of daily meal planning, diet management, and food discovery.