Significant Investment in Green Lubricants and Refineries Paving Growth Avenues in Specialties of Lube Oil Refinery Market
Published: Nov 2022
The global specialties of lube oil refinery market is anticipated to grow at a CAGR of 5.7% during the forecast period. To reduce the number of lubricants required, the manufacturers in the market are investing in green lubricants which in turn creates scope for refining industries. For instance, in June 2022, Neste Corp invest in new renewable products production capacity in Rotterdam to fulfill the demand for renewable products growing substantially with customers' higher climate ambitions.
Healthcare Sector Expected to Bring New Growth Prospects in the Rare Gas Market
Published: Nov 2022
The global rare gas market is anticipated to grow at a CAGR of 5.2% during the forecast period. The demand for noble/rare gas has increased in the healthcare sector due to increased hospitalizations. Rare gases such as helium, neon, argon, and xenon are gaining immense popularity in healthcare applications. The rapid adoption of technologically advanced digital devices and instruments such as NMR and MRI machines are spurring demand for rare gases such as helium gas.
Significant Collaboration and Partnership among Players Drives Precious Metals E-Waste Recovery Market
Published: Nov 2022
The global precious metals e-waste recovery market is anticipated to grow at a CAGR of 5.2% during the forecast period. Each year, more than 50 million tonnes of electronic waste is produced globally. If nothing is done, this is set to reach 74 million tonnes by 2030 – almost a doubling of tonnage in a decade. Major market players are focusing on the adoption of innovative technology to recover precious metals such as gold, palladium, silver, and copper.
Energy Demand has increased Exploration and Production of Oil & Gas along with Perforating Gun
Published: Nov 2022
The global perforating gun market is anticipated to grow at a CAGR of 5.3% during the forecast period. The growing energy demand globally has augmented the exploration activities for oil and gas. The growth in exploration and production of unconventional oil & gas resources is the major factor for the high demand for perforating guns.
Strategic Collaboration and New Product Innovating By Key Players Drives Metal Powder Market
Published: Nov 2022
The global metal powder market is anticipated to grow at a CAGR of 5.1% during the forecast period. The global metal powder market growth is backed by the presence of major market players and their contribution to the market development. The players operating in the metal powder market are focusing on strategic mergers and acquisitions, and capacity expansions to fulfill growing market demands.
New Development by Market Players Enhancing the Food Safety Testing Market Growth
Published: Nov 2022
The global food safety testing market is anticipated to grow at a CAGR of 7.9% during the forecast period. The growth of the global food safety testing market is backed by the presence of prominent players that are focusing on fulfilling growing market demands.
The Rise in Demand for Ships and Low-Cost Operations is Driving the Global Marine Lubricants Market
Published: Nov 2022
The global marine lubricants market is anticipated to grow at a CAGR of 1.2% during the forecast period. The rising cost of fuels and the implementation of stringent regulations by the IMO (International Maritime Organization) is likely to increase the consumption of global marine lubricants.
The Rise in the Adoption of Refurbishment Programs is Accelerating the Global Marine Interiors Market
Published: Nov 2022
The global marine interior market is anticipated to grow at a CAGR of 10.1% during the forecast period. The growing demand for luxury yachts and ships along with the increasing number of aged ships led to a surge in refurbishment programs across the globe. Several key market players are providing refurbishment services to stay competitive in the market.
Expansion of Methionine Production Plant Along with Associated Benefits of Methionine to Fuel the Market Growth
Published: Nov 2022
The methionine market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The proactive factor that drives the market growth includes the growing requirement for nutritious food across the globe, as a result of the growing urbanization and increasing population.
Growing Technological Advancements in Home Appliances to Drive the Growth of the Homewares Market Globally
Published: Nov 2022
The global homewares market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Growth in technological advancements in home appliances is attracting consumers to upgrade their home devices with advanced homewares devices. For instance, in August 2021, Signify expanded its Philips Smart Wi-Fi ecosystem in India with the launch of new products under its Wiz smart light range.