Press Release

According to a market report by Lucintel, the future of conductive polymers in the electronic chemical market looks promising with opportunities in the integrated circuits and printed circuit board markets. Conductive polymers in the global electronic chemical market are expected to reach an estimated $5.6 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are increasing application of conductive polymers in the electronic device, growing technological advancement, and stringent regulations promoting …

According to a market report by Lucintel, the future of reactive dyes in the global speciality dye and pigment market looks promising with opportunities in the textile, paint & coating, plastic, leather, paper, construction, and printing ink markets. The global speciality dye and pigment market in terms of reactive dyes is expected to reach an estimated $13.8 billion by 2028 with a CAGR of 9% from 2023 to 2028. The major drivers for this market are growing demand from various …

According to a market report by Lucintel, the future of conducting polymers in the global specialty polymer market looks promising with opportunities in ESD/EMI shielding, antistatic packaging, electrostatic coating, and capacitor applications. The global specialty polymer market in terms of conducting polymer usage is expected to reach an estimated $8.5 billion by 2028 with a CAGR of 8% from 2023 to 2028. The major drivers for this market are growing demand for lightweight components in the aerospace and automotive industries, …

According to a market report by Lucintel, the future of the antiscalants/scale inhibitors in water treatment chemical market looks promising with opportunities in power, oil & gas, chemical manufacturing, mining & mineral processing, municipal, food & beverage, and pulp & paper end use industries. The global water treatment chemical market in terms of antiscalant/scale inhibitor usage is expected to reach an estimated $4.2 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this …

According to a market report by Lucintel, the future of the activated carbon fiber market looks promising with opportunities in water treatment, food and beverage processing, pharmaceutical and medical, automotive, and air purification applications. The global activated carbon fiber market is expected to reach an estimated $573.9 million by 2028 with a CAGR of 7.7% from 2023 to 2028. The major drivers for this market are rapid industrialization along with growing requirement for purified water in the residential as well …

According to a market report by Lucintel, the future of the surface mount technology carrier tape market looks promising with opportunities in consumer electronic, communication, healthcare, automotive, and industrial applications. The global surface mount technology carrier tape market is expected to reach an estimated $203.7 million by 2028 with a CAGR of 8.6% from 2023 to 2028. The major drivers for this market are rising demand for consumer electronics, significant growth in the automotive industry, and increasing trend of miniaturization …

According to a market report by Lucintel, the future of the automotive airbag fabric market looks promising with opportunities in the front airbag, side airbag, knee airbag, and curtain airbag markets. The global automotive airbag fabric market is expected to reach an estimated $4.4 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are increasing automotive production, growing concern towards passenger safety, and rising penetration of airbags per vehicle along with …

According to a market report by Lucintel, the future of the uPVC door and window market looks promising with opportunities in the residential, commercial, and industrial and construction sectors. The global uPVC door and window market is reach an estimated $29.6 billion by 2028 with a CAGR of 4.1% from 2023 to 2028. The major drivers for this market are growing adoption of uPVC in the construction industry, increasing demand for fire-resistant materials for windows, and increasing importance of thermal …

According to a market report by Lucintel, the future of the carbohydrase food enzyme market looks promising with opportunities in food and beverage applications. The global carbohydrase food enzyme market is expected to reach an estimated $7.7 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing demand for clean-labelled and free-source foods, growing trend of plant-based diets and rising awareness of adverse health effect on the consumption of synthetic …

According to a market report by Lucintel, the future of the vulcanized fiber market looks promising with opportunities in the electrical, abrasive, textile, and automotive applications. The global vulcanized fiber market is expected to reach an estimated $2.5 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are growing application of these fiber in the construction and furniture manufacturing industries, increasing consumption of electronics and electrical devices and expansion of automotive …

According to a market report by Lucintel, the future of the fiberboard market looks promising with opportunities in roofing, sound proofing, exterior sheathing, and flooring & paneling applications. The global fiberboard market is expected to reach an estimated $36.5 billion by 2028 with a CAGR of 8% from 2023 to 2028. The major drivers for this market are growing number of household and construction projects and increasing adoption of fiberboard in the furniture, interior decoration, and construction sectors. In this …

According to a market report by Lucintel, the future of the door and window hardware market looks promising with opportunities in residential buildings and commercial buildings. The global door and window hardware market is expected to reach an estimated $95.8 billion by 2028 with a CAGR of 4.2% from 2023 to 2028. The major drivers for this market are growing awareness towards energy efficient in building, increasing trend of installing smart homes, and rising construction of residential buildings, showrooms, stores, …

According to a market report by Lucintel, the future of micro LED in the global smartwatch market looks promising with opportunities in the personal assistance, wellness, sports, and medical markets. Micro LED in the global smartwatch market is expected to reach an estimated $28.66 million by 2028 with a CAGR of 72.2% from 2023 to 2028. The major drivers for this market are increasing inclination for fitness tracking devices, rising demand for health monitoring smartwatches and growing requirement for advanced …

According to a market report by Lucintel, the future of the global solar inverter market looks promising with opportunities in the residential, commercial and utility applications. The global solar inverter market is expected to reach an estimated $17.5 billion by 2028 with a CAGR of 8.1% from 2023 to 2028. The major drivers for this market are increasing solar installations, integration of energy storage systems with solar PV installations, technological advancements in solar inverters, and policy and regulatory support to …

According to a market report by Lucintel, the future of FPC in the telecommunication market looks promising with opportunities in the single layer, double layer, multi- layer, and rigid-flex markets. FPC in the global telecommunication market is expected to reach an estimated $9.3 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are growing e-communication, emergence of IP based telecom networks, and on-going technological advancements have led to the production of …

According to a market report by Lucintel, the future of vat dyes in the speciality dyes and pigment market looks promising with opportunities in the wool, cotton, fiber, viscose rayon, leather. Vat dyes in the global speciality dyes and pigment market is expected to reach an estimated $18.7 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are significantly growing demand of colourful textiles in the apparel industry and increasing preference …

According to a market report by Lucintel, the future of polyvinyl acetate (PVA) in the speciality adhesive market looks promising with opportunities in the light-weight panel, latex house paint, door, foil lamination, medical, solid wood laminations, and leathers markets. Polyvinyl acetate (PVA) in the global speciality adhesive market is expected to reach an estimated $6.9 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are increasing application of polyvinyl acetate (PVA) …

According to a market report by Lucintel, the future of the flame detector market looks promising with opportunities in the oil & gas, energy & power, chemical, aerospace & defense, logistic, mining, automotive, pharmaceutical, and marine end user industries. The global flame detector market is expected to reach an estimated $2.9 billion by 2028 with CAGR of 7.2% from 2023 to 2028. The major drivers for this market are increasing demand for risk avoidance and management practice that can reduce …

According to a market report by Lucintel, the future of the machine learning technology in the global artificial intelligence market looks promising with opportunities in the healthcare, BFSI, law, retail, advertising & media, automotive & transportation, agriculture, and manufacturing end use industries. The machine learning technology in the global artificial intelligence market is expected to reach an estimated $22.5 billion by 2028 with a CAGR of 26.2% from 2023 to 2028. The major drivers for this market are increasing adoption …

According to a market report by Lucintel, the future of the film capacitor market looks promising with opportunities in the automotive, power and utility, consumer electronic, and telecommunication end use industries. The global film capacitor market is expected to reach an estimated $2.1 billion by 2028 with a CAGR of 3% from 2023 to 2028. The major drivers for this market are growing popularity of electronics devices, increasing usage of renewable energy resources, and growing demand for film capacitors in …

According to a market report by Lucintel, the future of the smart lighting fixture market looks promising with opportunities in commercial and residential applications. The global smart lighting fixture market is expected to reach an estimated $3.3 billion by 2028 with a CAGR of 5.4% from 2023 to 2028. The major drivers for this market are growing demand for low energy consuming bulbs and increasing adoption of fixtures in the smart homes for their comfort dim capabilities and compatibility with …

According to a market report by Lucintel, the future of the automotive PCB market looks promising with opportunities in ADAS and basic safety, body, comfort, and vehicle lighting, infotainment component, and powertrain component applications. The global automotive PCB market is expected to reach an estimated $7.8 by 2028 with a CAGR of 6.7% from 2023 to 2028. The major drivers for this market are growing demand for vehicles with convenience and comfort systems, increasing sales of hybrid electric vehicles (HEV) …

According to a market report by Lucintel, the future of the automotive capacitor market looks promising with opportunities in passenger cars and commercial cars. The global automotive capacitor market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 7.8% from 2023 to 2028. The major drivers for this market are increasing demand for advanced automotive electronics and growing trend towards vehicle electrification. In this market, aluminum, ceramic, tantalum, paper and film, supercapacitors are the major …

According to a market report by Lucintel, the future of 3D printing materials in the global aerospace market looks promising with opportunities in the aircraft and spacecraft end use industries. The use of 3D printing materials in the global aerospace market is expected to reach an estimated $0.42 billion by 2028 with a CAGR of 15.3% from 2023 to 2028. The major drivers for this market are increasing demand for fuel-efficient aircraft, growing need for lightweight, cost-effective, and sustainable products, …

According to a market report by Lucintel, the future of the ceramic capacitor market looks promising with opportunities in the telecommunication, consumer electronic, energy & power, and automotive end use industries. The global ceramic capacitor market is expected to reach an estimated $12.7 billion by 2028 with a CAGR of 9.4% from 2023 to 2028. The major drivers for this market are increasing application of these capacitors in consumer electronics products, such as tablets and smartphones, and introduction of new …

According to a market report by Lucintel, the future of the steel drinkware market looks promising with opportunities in the home and office premises. The global steel drinkware market is expected to reach an estimated $0.63 billion by 2028 with a CAGR of 1.9% from 2023 to 2028. The major drivers for this market are growing use of steel drinkware as a replacement to glass and plastic, as it ensures durability, is easy to maintain, and are sustainable for a …

According to a market report by Lucintel, the future of the mobility on demand market looks promising with opportunities in the business and private markets. The global mobility on demand market is expected to reach an estimated $411 billion by 2028 with a CAGR of 11.9% from 2023 to 2028. The major drivers for this market are rapid trend of urban mobility due to increasing traffic congestion and growing need for a solution that can tackle issues with transportation, such …

According to a market report by Lucintel, the future of the graphene battery market looks promising with opportunities in the automotive, consumer electronic, power, and industrial sectors. The global graphene battery market is expected to reach an estimated $300.2 million by 2028 with a CAGR of 28.5% from 2023 to 2028. The major drivers for this market are growing use of these batteries for quick energy storage capability and increasing demand for large-surface area, strong conductive, lightweight, and flexible graphene-based …

According to a market report by Lucintel, the future of the warehousing market looks promising with opportunities in the manufacturing, consumer goods, retail, food & beverage, IT hardware, healthcare, and chemical industries. The global warehousing market is expected to reach an estimated $1,007.5 billion by 2028 with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are rapid expansion of ecommerce shopping sites are provoking the need for warehouses, growing demand for omnichannels, and huge …

According to a market report by Lucintel, the future of the cloud ERP market looks promising with opportunities in the banking, financial service, and insurance (BFSI), IT and ITeS, government and public sector, manufacturing, retail and consumer goods, healthcare & life science, and energy & utility sectors. The global cloud ERP market is expected to reach an estimated $86.3 billion by 2028 with a CAGR of 13.7% from 2023 to 2028. The major drivers for this market are escalating demand …

According to a market report by Lucintel, the future of the role-playing video game (RPG) market looks promising with opportunities in the online microtransaction, digital, and physical markets. The global role-playing video game market is expected to reach an estimated $16.7 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are growing demand for multiplayer online role-playing games and increasing trend of virtual reality technology in the gaming industry. In this …

According to a market report by Lucintel, the future of the global software artificial intelligence market looks promising with opportunities in the healthcare, BFSI, law, retail, advertising and media, automotive & transportation, agriculture, and manufacturing end use industries. The global software artificial intelligence market is expected to reach an estimated $24.7 billion by 2028 with a CAGR of 22.9% from 2023 to 2028. The major drivers for this market are growing demand for self-driving cars and robots, increasing adoption of …

According to a market report by Lucintel, the future of 3D printing materials in the global automotive market looks promising with opportunities in the prototyping & tooling, research, development & innovation, and manufacturing complex component applications. The use of 3D printing materials in the global automotive market is expected to reach an estimated $0.58 billion by 2028 with a CAGR of 16.1% from 2023 to 2028. The major drivers for this market are increasing need for quick prototyping and development …

According to a market report by Lucintel, the future of artificial intelligence in the global media & advertising market looks promising with opportunities in gaming, fake story detection, plagiarism detection, personalization, production planning & management, sales & marketing, talent identification, content capture, and sports automatic production applications. Artificial intelligence in the global media & advertising market is expected to reach an estimated $9.5 billion by 2028 with a CAGR of 16.1% from 2023 to 2028. The major drivers for this …

According to a market report by Lucintel, the future of 3D printing materials in the global medical market looks promising with opportunities in medical & surgical centers, pharmaceutical & biotechnology companies, and academic institutions. The global use of 3D printing materials in the global medical market is expected to reach an estimated $0.63 billion by 2028 with a CAGR of 16.1% from 2023 to 2028. The major drivers for this market are increasing use of 3D printing materials to enable …

According to a market report by Lucintel, the future of 3D printing materials in consumer market looks promising with opportunities in jewellery, apparel and footwear, miniature, art projects, furniture and home décor, repair, remote control car, kitchenware and utensil, game, and electronic applications. The use of 3D printing materials in the global consumer market is expected to reach an estimated $0.60 billion by 2028 with a CAGR of 15.3% from 2023 to 2028. The major drivers for this market are …

According to a market report by Lucintel, the future of the strategy video game market looks promising with opportunities in the console, mobile, and computer markets. The global strategy video game market is expected to reach an estimated $5.1 billion by 2028 with a CAGR of 5.4% from 2023 to 2028. The major drivers for this market are growing demand for games with live streaming, open source capture, and broadcast technologies, and increasing trend of diversified platforms, such as Xbox, …

According to a market report by Lucintel, the future of micro LED in the global digital signage market looks promising with opportunities in the retail, education, healthcare, corporate, stadium, and government sectors. The global digital signage market in terms of micro LED usage is expected to reach an estimated $0.06 billion by 2028 with a CAGR of 55.7% from 2023 to 2028. The major drivers for this market are increasing adoption of digital signage solution in the commercial applications, growing …

According to a market report by Lucintel, the future of the racing video game market looks promising with opportunities in the racing simulators, PC, mobile, and console markets. The global racing video game market is expected to reach an estimated $9.6 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are increasing trend of next-generation gaming platform and introduction of cutting-edge games for smartphones, which is increasing player interest in racing …

According to a market report by Lucintel, the future of artificial intelligence in the global security market looks promising with opportunities in the BFSI, retail, government & defense, manufacturing, infrastructure, enterprise, healthcare, and automotive & transportation industries. The use of artificial intelligence in the global security market is expected to reach an estimated $8.0 billion by 2028 with a CAGR of 21.7% from 2023 to 2028. The major drivers for this market are growing concerns for data protection, increasing demand …

According to a market report by Lucintel, the future of IC substrate in the global PCB market looks promising with opportunities in the tablet PC, smartphone, laptop, and wearable device markets. The global PCB market in terms of IC substrate usage is expected to reach an estimated $15.3 billion by 2028 with a CAGR of 14.2% from 2023 to 2028. The major drivers for this market are increasing acceptance of advanced packaging technologies, such as wafer-level packaging and flip-chip packaging, …

According to a market report by Lucintel, the future of the ERP market looks promising with opportunities in the aerospace & defense, banking, financial service, and insurance (BFSI), construction, government & utility, healthcare, IT & telecom, manufacturing, and retail & distribution industries. The global ERP market is expected to reach an estimated $88.1 billion by 2028 with a CAGR of 9.2% from 2023 to 2028. The major drivers for this market are growing preference for data driven decisions in organizations, …

According to a market report by Lucintel, the future of the micro LED lighting market looks promising with opportunities in the general lighting and automotive lighting. The global micro LED lighting market is expected to reach an estimated $0.26 billion by with a CAGR of 66.9% from 2023 to 2028. The major drivers for this market are increasing use of these drivers for different LED lighting in automobiles and growing awareness towards adoption of energy-efficient products in the commercial and …

According to a market report by Lucintel, the future of the shooting video game market looks promising with opportunities in the juvenile (7-17), youth (18-40), middle aged (41-65), and elderly (>66) populations. The global shooting video game market is expected to reach an estimated $53.1 billion by 2028 with a CAGR of 12.5% from 2023 to 2028. The major drivers for this market are increasing demand for actionable video games among the players, growing penetration of internet, and rising preference …

According to a market report by Lucintel, the future of the natural language processing (NLP) technology in the global artificial intelligence market looks promising with opportunities in the BFSI, IT & telecom, retail and ecommerce, healthcare and life science, transportation & logistic, government & public sector, media & entertainment, and manufacturing end use industries. The natural language processing (NLP) technology in the global artificial intelligence market is expected to reach an estimated $7.3 billion by 2028 with a CAGR of …

According to a market report by Lucintel, the future of the pharmaceutical & nutraceutical additive market looks promising with opportunities in hypermarkets/supermarkets, specialty stores, pharmacies, and online channels. The global pharmaceutical & nutraceutical additive market is expected to reach an estimated $36.7 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing consumer spending on food supplements and products to help them stay healthy and growing cases of lifestyle-related disorders. …

According to a market report by Lucintel, the future of phenolic resin in the global PCB laminate market looks promising with opportunities in communication, consumer electronic, computer/peripheral, aerospace & defense, industrial electronic and automotive applications. The global PCB laminate market in terms of phenolic resin consumption is expected to reach an estimated $0.30 billion by 2028 with a CAGR of 4.8% from 2023 to 2028. The major drivers for this market are increasing demand for phenolic resin in the electrical …

According to a market report by Lucintel, the future of antioxidants in the global plastic additive market looks promising with opportunities in various polymer resins, such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and acrylonitrile butadiene styrene (ABS). The global plastic additive market in terms of antioxidant consumption is expected to reach an estimated $3.2 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major driver for this market is the growing demand …

According to a market report by Lucintel, the future of the demulsifier based oilfield chemical market looks promising with opportunities in the crude oil, petro refinery, lubricant manufacturing, oil-based, power plant, and sludge oil treatment applications. The global demulsifier based oilfield chemical market is expected to reach an estimated $3.5 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are growing oil production and exploration activities and increasing demand for petroleum …

According to a market report by Lucintel, the future of the global generator sales market looks promising with opportunities in the industrial, commercial, and residential end use industries. The global generator sales market is expected to reach an estimated $34.9 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are increasing demand for uninterrupted and reliable power in various end use industries along with rapid industrialization and growing demand for power …