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Showing posts from July, 2024

The global helium market is expected Growth owing to Rising Demand from Various End Use Industries

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  Gaseous and Liquid Helium Market  Helium finds wide applications in cryogenics, leak detection, welding, pressurizing, and lifting among other industrial processes. Its properties such as inert chemical nature and low boiling point enable it to perform critical functions across various end use verticals. Growing MRI scanning procedures and rising semiconductor manufacturing activities have significantly boosted the demand for helium over the years. The global helium market is estimated to be valued at US$ 8.13 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the gaseous and liquid helium market are ThermoFisher Scientific Inc., OSI Systems Inc., Chemring Group PLC, Bruker Corporation, Viken Detection, FLIR Systems Inc., Astrophysics Inc., Aventura Technologies Inc., Teknicom Solutions Ltd., L3 Security and Detection Systems Inc., Nuctech Company Limited, and Smiths Detection Inc. These playe

Virtual Reality in Gaming Market is anticipated Growth Owing to Wide Adoption across Multiple Genres

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  Virtual Reality in Gaming Market Virtual reality provides an immersive gaming experience through a virtual world that allows gamers to interact physically and visually. Virtual reality games come with head-mounted displays that provide 3D visuals and surround sound capabilities. With the rising popularity of VR gaming across various genres including adventure, racing, fighting, and puzzle, an increasing number of companies are focusing on developing VR-exclusive games. The integration of VR technology has opened up new possibilities for gaming, thereby driving the need for VR headsets, controllers, software among others. The global virtual reality in gaming market is estimated to be valued at US$ 18311.72 million in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the virtual reality in gaming are Merck Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Animal Health, Ceva Santé Animal

The Global Self-Storage Market is Anticipated Growth Owing to Rising Urbanization and Population Mobility

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  Self-Storage Market  The self-storage market offers storage services to residential and commercial users to store their possessions using storage lockers or storage units. Self-storage services provide flexibility and accessibility to store possessions securely while decluttering homes or commercial spaces. The services allow storage of a wide range of belongings including household items, vehicle storage, business records, inventory, and recreational equipment. The growing need for flexible storage solutions has encouraged the development of modern self-storage facilities that provide customers accessibility, security, and climate-controlled units. The global self-storage market is estimated to be valued at US$ 64331.79 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the self-storage market are Duke Energy Corporation, EON SE, Enel SPA, Electricite de France SA, and Iberdrola SA. Technology prov

CVD Silicon Carbide Market Rising Demand for Semiconductors in Automotive and Power Industries

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  CVD Silicon Carbide Market The CVD silicon carbide market comprises silicon carbide semiconductors manufactured through chemical vapor deposition process. CVD silicon carbide exhibits high thermal conductivity, high-voltage switching capability, and resistance to radiation damage. These properties make silicon carbide an ideal semiconductor material for applications requiring high power efficiency such as those in automotive, power electronics, and telecommunication industries. The demand for silicon carbide semiconductors is increasing in automotive power modules and systems for electric vehicles owing to its high-temperature and high-voltage characteristics. Silicon carbide also finds application in fast switching power supplies, motor drives, and industrial motor controls. The need for higher energy efficiency and switching capacities in various industrial processes is expected to drive the adoption of silicon carbide-based power semiconductors. The global CVD silicon carbide ma

Freight Forwarding Market Witnesses High Growth due to Increasing International Trade

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   Freight Forwarding Market The Freight Forwarding Market is integral part of the global supply chain and trade lanes. Freight forwarding involves the planning, coordination and execution of freight shipments on behalf of shippers through complex global supply chains. Efficient freight forwarding services help companies optimize their logistics operations while handling transportation of goods internationally. Freight forwarding includes services like cargo pickup and delivery, documentation & customs clearance, warehousing, cargo insurance among others. The Global Freight Forwarding Market is estimated to be valued at US$ 286.5 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Freight Forwarding are Abbott Laboratories, Amgen Inc., GlaxoSmithKline, Johnson and Johnson, Merck, Novartis, Novo Nordisk, Pfizer, Inc., Roche, and Sanofi €“ Aventis. The key players are focusing on expanding their

Bioinformatics Market Poised to Witness High Growth Due to Rising Need for Data Integration

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  Bioinformatics Market Bioinformatics is an interdisciplinary field that develops methods and software tools for understanding biological data, especially as it relates to human genomics and healthcare. Through the application of computer science and information technology to collect, organize, and analyze biological data, bioinformatics aims to uncover new biological insights that advance human health. Due to its capabilities to address challenges in analyzing complex biological data for diagnosis, drug discovery, disease prevention and other areas of medical research, demand for bioinformatics solutions is on the rise. The Global Bioinformatics Market is estimated to be valued at US$ 25.46 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031. Advances in genomics and biotechnology have resulted in exponential Bioinformatics Market Growth , which has created an urgent need for more efficient and intelligent platforms to integrate, analyze, and

Tomato canned foods market poised to capitalize on growing demand for convenience foods

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  canned tomato market The canned tomato market is anticipated to witness growth owing to rising demand for convenience foods. Tomatoes are a rich source of antioxidants like lycopene and vitamins which make them a popular ingredient used in sauces, soups, and other food items. Canned tomatoes offer various advantages like longer shelf life without refrigeration, accessibility during off-seasons, and versatility of usages. Their ease of preparation and storage benefit busy consumers leading to higher product adoption. The global canned tomato market is estimated to be valued at US$ 13.6 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period of 2024 to 2031. Canned Tomato Market Demand are used in various ways like making pasta sauces, pizzas or directly as a side dish and the on-the-go convenience factor has led to increased demand. Key Takeaways Key players operating in the canned tomato market are Honeywell International Inc., United Technologies Corpo

Cosmetic Grade Color Additives Market Increased Demand for Personal Care and Cosmetic Products

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  Cosmetic Grade Color Additives Market  The cosmetic grade color additives market comprises the adding of dyes and pigments into different end-use products, which are used in personal care and cosmetic formulations for decorative or restorative purposes. The color additives provide colors to products such as blushes, lipsticks, eye shadows, foundations, face powders, nail polishes, hair dyes, and shampoos. The cosmetic grade color additives provide products with a rich and true color. They contribute to the enhancement of the appearance of personal care and cosmetic products. The demand for color cosmetics and personal grooming is growing rapidly across the globe owing to a rise in disposable incomes and changing lifestyles. This drives manufacturers to innovate new shades and colors with high color accuracy and stability to cater to the evolving preferences of consumers. Thus, The global cosmetic grade color additives market is estimated to be valued at US$ 322.1 Bn in 2024 and is

Global Ethylene Market Increasing Demand from Construction, Packaging and Automotive Industries

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  Global Ethylene Market Ethylene is an important raw material used in the production of various petrochemical and chemical products including polyethylene, polystyrene, polyvinyl chloride and other polymers. It is used widely in the construction, packaging and automotive industries. The rising population and increasing disposable incomes are fueling the demand for various end-use products. Ethylene finds applications in manufacture of plastic pipes, plastic films, containers, bottles, packaging wraps and membranes among others. It is also a key feedstock for automotive parts like dashboards, door panels, seats and other components. The Global Ethylene Market is estimated to be valued at US$ 158.06 Mn in 2024 and is expected to exhibit a CAGR of 30% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Global Ethylene Market are Aecom, DPR Construction, Holder Construction, Jacobs, M+W Group (Exyte), Bouygues Construction, Mercury, Arup, and Benthem Cr

Urea Cycle Disorder Treatment Market Witness High Growth Owing to Increasing Global Disease Awareness

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  Urea Cycle Disorder Treatment Market  Urea cycle disorders (UCD) occur due to genetic defects in the urea cycle, which is crucial for removing ammonia from the blood. UCD treatment products help regulate ammonia levels in blood and prevent toxicity. Urea cycle disorder treatment includes diagnostics, supplemental diets, medications and alternative therapies. The diagnostics segment includes tests such as tandem mass spectrometry and chromatography. Supplemental diets provide alternative nitrogen sources, prevent catabolism and aid protein tolerance. Medications such as sodium phenylbutyrate, sodium benzoate and arginine help eliminate nitrogen produced from protein metabolism. Alternative therapies substitute or supplement standard medications. The Global urea cycle disorder treatment market is estimated to be valued at US$ 1518.51 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the urea cycle di

Recycling Plastic Waste Grows Amid Stricter Landfill and Incineration Rules

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  Plastic Waste Management Market Plastic waste management involves collecting and recycling of plastic waste from various sources including domestic, commercial, and industrial. Growing environmental concerns regarding plastic pollution and frequent implementation of bans on single-use plastics by governments globally are major factors fueling demand for efficient plastic waste management solutions. The global plastic waste management market size is estimated to be valued at US$ 640.6 Mn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period from 2024 to 2031 Plastic Waste Management Market Demand has emerged as one of the most widely used materials in packaging, consumer goods, construction, automotive, and other industries owing to its attributes such as durability, flexibility and resistance to degradation. However, lack of proper disposal and recycling infrastructure has resulted in escalating plastic pollution levels. This has necessitated efficient plas