Press Release

According to a market report by Lucintel, the future of the abrasive market looks promising with opportunities in the aerospace, automotive, machinery, metal fabrication, and electrical & electronics equipment market. The global abrasive market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are growth in the manufacturing sector and growing adoption of pre-engineered building & components. In this market, coated abrasives, bonded abrasives, and super abrasive are …

According to a new market report by Lucintel, the future of the global electric truck market looks promising with opportunities in the light-duty electric truck, medium-duty electric truck, and heavy-duty electric truck markets. The global electric truck market is expected to grow with a CAGR of 43% to 45% from 2023 to 2028. The major drivers for this market are increasing government initiatives for adoption of emission-free vehicles combined with reduced cost of electric vehicle batteries. In this market, battery …

According to a new market report published by Lucintel, the future of the global automotive digital key market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global automotive digital key market is expected to grow with a CAGR of 21% to 23% from 2023 to 2028. The major drivers for this market are increase in demand of vehicles with advanced and digital technologies and ease of use. Bluetooth, biometric, Wi-Fi, remote cloud key access, & …

According to a market report by Lucintel, the future of the medical gas equipment market looks promising with opportunities in the hospitals, clinics, and ambulatory surgical centers. The global medical gas equipment market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic diseases, increasing surgical volume, and rapid growth in the geriatric population. In this market, manifolds, outlets, hose assemblies and valves, alarm …

According to a new market report published by Lucintel, the future of the silicone rubber market looks promising with opportunities in the healthcare, transportation, electrical and electronics, construction, and consumer goods industries. The global silicone rubber market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major growth drivers for this market are surge in the construction activities in developing region along with rising demand from automotive industry. In this market, liquid silicone …

According to a market report by Lucintel, the future of the mycelium market looks promising with opportunities in the food and beverage, packaging, clothing & apparel, and animal feed market. The global mycelium market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are growing demand for mycelium in the food industry as a natural ingredient and rising demand for environmentally friendly and sustainable goods & packaging with …

According to a market report by Lucintel, the future of the chicory market looks promising with opportunities in the food and beverage, dietary supplement, feed & pet food, and cosmetics & personal care market. The global chicory market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are rising consumer awareness regarding various health benefits offered by chicory, growing chicory application, and rising consumer inclination towards organic & …

According to a market report by Lucintel, the future of the textile colorant market looks promising with opportunities in the clothing, technical textile, home textile & carpet, and automotive textile market. The global textile colorant market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are rising demand for cloths along with increasing disposable income and increasing demand for eco-friendly textile colorants through implementing strict environmental regulations across …

According to a market report by Lucintel, the future of the cooling tower market looks promising with opportunities in the power generation, HVACR, food & beverage, chemical, petrochemical, and oil & gas industries. The global cooling tower market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are rising construction activities with advanced technologies, growing investments in industrial sector, and rise in HVACR deployments. In this market, evaporative …

According to a new market report published by Lucintel, the future of the olivine market looks promising with opportunities in the foundry molding sand, metallurgical auxiliary material, and high temperature refractory applications. The global olivine market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major growth drivers for this market are increasing usage of olivine for foundry molding sand and high temperature refractory in several industries including construction, steel, and glass manufacturing. …

According to a new market report published by Lucintel, the future of plastics in the global switchgear market looks promising with opportunities in the high voltage, medium voltage, and low voltage markets. Plastics in the global switchgear market are expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major growth drivers for this market are increasing penetration of plastics in electrical and electronic industries along with growing investment in improving transmission as well as …

According to a new market report published by Lucintel, the future of the natural microbead market looks promising with opportunities in the cosmetics and personal care products. The global natural microbead market is expected to with a CAGR of 19% to 21% from 2023 to 2028. The major growth drivers for this market are increasing spending on cosmetics and personal care products along with rising awareness towards usage of natural microbeads over non-bio gradable have led to the growth of …

According to a market report by Lucintel, the futures of the smart shelve market looks promising with opportunities in the planogram, inventory, pricing, and content management. The global smart shelve market is expected to grow with a CAGR of 22% to 24% from 2023 to 2028. The major drivers for this market are growing demand for simplification of workflow at retail stores and rising demand to maintain accuracy in inventory & supply chain optimization in retail. Hardware, software & solutions, …

According to a new market report published by Lucintel, the future of the silicon market looks promising with opportunities in the stainless steel, aluminum alloys, silicone, and semiconductor manufacturing industries. The global silicon market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major growth drivers for this market are increasing demand from end user industries, such as semiconductor and energy for the manufacturing of chips to be used in photovoltaic cells and …

According to a new market report published by Lucintel, the future of the vermiculite market looks promising with opportunities in the chemical, agriculture, automotive, and construction sectors. The global vermiculite market is expected to grow with a CAGR of 19% to 21% from 2022 to 2028. The major growth drivers for this market are growing usage of vermiculite in agriculture and hydroponics industry. In this market, large, medium, and fine grade vermiculite are used in various end use industries. Lucintel …

According to a new market report published by Lucintel, the future of the plastics in the global connector market looks promising with opportunities in the transportation, consumer electronics, computer and peripherals, industrial, and telecom/datacom markets. Plastics in the global connector market are expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major growth drivers for this market are increasing penetration of plastics in various applications, such as consumer electronics, automotive, and other industries combined …

According to a market report by Lucintel, the future of the intensive care unit equipment market looks promising with opportunities in the hospital, specialty clinic, and ambulatory surgical centers. The global intensive care unit equipment market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are rising prevalence of chronic disease and increasing ICU admissions. In this market, bed, ventilator, pulse oximeter, and dialysis equipment are the major …

According to a new market report published by Lucintel, the future of the global prefabricated housing market looks good with opportunities in the residential and commercial construction industries. The global prefabricated housing market is expected to reach an estimated $24 billion by 2027 with a CAGR of 5.5% from 2022 to 2027. The major drivers for this market are growth in construction activities and increasing awareness towards eco-friendly, time saving, and cost effective construction practices. Lucintel forecasts that manufactured homes …

According to a new market report published by Lucintel, the future of the global stretcher market looks promising with opportunities in hospital, clinic and ambulance facilities. The global stretcher market is expected to reach an estimated $2.2 billion by 2027 and is forecast to grow at a CAGR of 4.9% from 2022 to 2027. The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the …

According to a new market report published by Lucintel, the future of the global industrial pipe market looks promising with opportunities in power generation, petrochemical, automotive, and industrial processing. The global industrial pipe market is expected to reach an estimated $25.7 billion by 2027 with a CAGR of 2.8% from 2022 to 2027. The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development. In this market, steel, ductile …

According to a new market report published by Lucintel, the future of the fused alumina market looks promising with opportunities in the insulating materials, advanced ceramics, coated abrasives, laminated flooring, and bonded abrasives applications. The global fused alumina market is expected to grow at a CAGR of 9% to 11% from 2023 to 2028. The major growth drivers for this market is increasing penetration of abrasive blasting techniques that helps in removing surface impurities as well as shapes the surface. …

According to a new market report published by Lucintel, the future of the global drinkware market looks good with opportunities in houseware, food services, and retail industry. The global drinkware market is expected to reach an estimated $13.5 billion by 2027 with a CAGR of 4% from 2022 to 2027. The major growth drivers for this market are increase in beverage consumption, growing hotel and catering industries, and increasing middle class disposal income. In this market, glass, bone china, porcelain/stoneware, …

According to a market report by Lucintel, the future of the graphic film market looks promising with opportunities in the promotional and advertisement, automotive, and industrial market. The global graphic film market is expected to reach an estimated $xx billion by 2027 with a CAGR of 5% to 7% from 2022 to 2027. The major drivers for this market are growing usage in various industries such as automotive, construction, promotional and advertisement, and retail industries, growth of the automotive industry, …

According to a new market report published by Lucintel, the future of the global liquid biopsy market looks promising with opportunities in reference laboratories, hospitals and physician laboratories, and academic & research centers. The global liquid biopsy market is expected to reach an estimated $10.4 billion by 2027 with a CAGR of 17.9% from 2022 to 2027. The major drivers for this market are the increasing prevalence of cancer, preference for non-invasive procedures, and increasing need for early detection of …

According to a new market report published by Lucintel, the future of microbeads in cosmetic product market looks promising with opportunities in the cosmetics and personal care products.Microbeads in the global cosmetics product market is expected to grow at a CAGR of 19% to 21% from 2023 to 2028. The major growth drivers for this market are change in lifestyles coupled with increasing willingness of consumer to spend on premium products. In this market, glass microspheres, polymer microspheres, ceramic microspheres, …

According to a new market report published by Lucintel, the growth of the medical equipment maintenance market looks promising with opportunities in public and private hospitals. The global medical equipment maintenance market is expected to reach an estimated $67.1 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growth in the demand for medical equipment, increasing focus on preventive maintenance, and a wide acceptance of refurbished medical equipment. In this …

According to a new market report published by Lucintel, the future of the global water and wastewater pipe market looks good with opportunities in potable water, wastewater, and irrigation sectors. The global water and wastewater pipe market is expected to reach an estimated $144.4 billion by 2027, and it is forecast to grow at a CAGR of 6.1% from 2022 to 2027. The major drivers for market growth are increasing investment in water and wastewater management due to scarcity of …

According to a new market report published by Lucintel, the future of the global vinyl flooring market looks promising with opportunities in residential and non-residential applications. The global vinyl flooring market is expected to reach an estimated $21.1 billion by 2027 with a CAGR of 5.1% from 2022 to 2027. The major drivers for this market are growth in residential construction and renovation activities. In this market, vinyl sheet, luxury vinyl tile, and vinyl composite tile are used in residential …

According to a new market report published by Lucintel, the future of the global door and window market looks promising with opportunities in the commercial and residential sectors. The global door and window market is expected to reach an estimated $308 billion by 2027 with a CAGR of 4.2% from 2022 to 2027. The major growth drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement. In this market, metal, wood, and plastic …

According to a market report by Lucintel, the future of the transportation grade bioethanol market looks promising with opportunities in the passenger vehicle, light commercial vehicle, medium and heavy commercial vehicle, and aviation markets. The global transportation grade bioethanol market is expected to grow with a CAGR of 11% to 13% from 2023 to 2028. The major drivers for this market are increasing initiatives and blending mandates by regulatory bodies and growing concerns regarding fossil fuel usage and environmental health …

According to a new market report published by Lucintel, the future of the carbon molecular sieve (CMS) market looks promising with opportunities in the nitrogen pressure swing adsorption (PSA) system and biogas updating application. The global carbon molecular sieve (CMS) market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major growth drivers for this market are increasing demand for CMS in Pressure Swing Adsorption (PSA) technology to produce high quality nitrogen. In …

According to a market report by Lucintel, the future of the cryogenic vial market looks promising with opportunities in the research organization, drug manufacturing, and healthcare institution applications. The global cryogenic vial market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing acceptance of cryopreservation treatments amongst the population, increased growth and expansion of pharmaceutical enterprises around the world, and growing demand for storage of temperature …

According to a market report by Lucintel, the future of the solar pump market looks promising with opportunities in the agriculture and water management industries. The global solar pump market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are increasing demand for water extraction for growing agriculture activities, growing adoption of renewable energy powered devices supported by government regulation to promote sustainable renewable energy sources, decreasing prices …

According to a new market report published by Lucintel, the future of the global electric motor market looks promising with opportunities in the automotive, HVAC, medical equipment, industrial machinery, home appliances, and others markets. The global electric motor market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are increase in demand for heating, ventilation, and air conditioning (HVAC) systems along with favourable regulatory norms for electric vehicles, …

According to a new market report published by Lucintel, the future of the global HDPE (High Density Poly Ethylene) pipe market looks promising with opportunities in potable water, wastewater, oil and gas, and irrigation sectors. The global HDPE pipe market is expected to reach an estimated $27.3 billion by 2027 and is forecast to grow at a CAGR of 5.3% from 2022 to 2027. The major growth drivers for this market are growing residential and non-residential construction activities, replacement of …

According to a new market report published by Lucintel, the future of the conductive additive for coating market looks promising with opportunities in the automotive, consumer electronics, and other markets. The global conductive additive for coating market is expected to grow at a CAGR of 5% to 7% from 2023 to 2028. The major growth drivers for this market are increasing demand for electrically conductive coatings in various applications, such as consumer electronics and automotive industries and rise in electromagnetic …

According to a market report by Lucintel, the future of the commercial food dehydrator market looks promising with opportunities in the vertical airflow and horizontal airflow technology. The global commercial food dehydrator market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are growing awareness regarding food wastage, increasing demand for longer shelf life of eatables, and reduce the cost of production by emerging as a solution in …

According to a new market report published by Lucintel, the future of the global electric vehicle power inverter market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global electric vehicle power inverter market is expected to grow with a CAGR of 22% to 24% from 2023 to 2028. The major drivers for this market are increasing government initiatives towards pollution-free environment, reduced cost of inverter components, and growth in the sale of electric vehicles. In …

According to a new market report published by Lucintel, the future of CNT in the global lithium-ion battery market looks promising with opportunities in the transportation, consumer electronics, industrial, and other markets. CNT in the global lithium-ion battery market is expected to grow with a CAGR of 9% to 11% from 2023 to 2028. The major growth drivers for this market are increasing demand for lithium ion batteries along with rising demand for materials that delivers superior chemical as well …

According to a new market report published by Lucintel, the future of the conductive additive for elastomer market looks promising with opportunities in the automotive, electrical and electronics, medical, and other markets. The global conductive additive for elastomer market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major growth drivers for this market are increasing penetration of these materials in the consumer electronics and automotive sector. In this market, carbon black, carbon …

According to a market report by Lucintel, the future of the fraud analytics market looks promising with opportunities in the banking, financial services and insurance (BFSI), retail & e-commerce, government, healthcare, industrial & manufacturing, and travel and transportation markets. The global fraud analytics market is expected to grow with a CAGR of 16% to 18% from 2023 to 2028. The major drivers for this market are increasing use of digitization and IoT along with expanding deployment of fraud detection and …

According to a new market report published by Lucintel, the future of the global portable bluetooth speaker market looks promising with opportunities in the residential and commercial markets. The global portable bluetooth speaker market is expected to grow with a CAGR of 11% to 13% from 2023 to 2028. The major drivers for this market are growing accessibility to online streaming services and increasing penetration of audio streaming technology in applications like wireless speaker and in-car-infotainment systems. Residential and commercial …

According to a market report by Lucintel, the future of the solar PV panel market looks promising with opportunities in the residential, commercial, and industrial applications. The global solar PV panel market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are gradual transition of energy industry from conventional to renewable sources, rise in awareness towards environmental pollution, and huge price variance between retail electricity and solar-generated electricity. …

According to a market report by Lucintel, the future of the insect protein market looks promising with opportunities in the food and beverage, animal nutrition, and pharmaceutical and cosmetic applications. The global insect protein market is expected to grow with a CAGR of 24% to 26% from 2023 to 2028. The major drivers for this market are the rising need for insect protein in animal feed and as alternative protein sources, growing awareness about high protein content and higher acceptance …

According to a market report by Lucintel, the future of the recycled plastic market looks promising with opportunities in the packaging, textiles, building & construction, automotive, and electrical & electronics industries. The global recycled plastic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are increasing plastic consumption in the production of lightweight components in various industries, growing acceptance and consumption of recycled plastics in the textile …

According to a market report by Lucintel, the future of the dental management software market looks promising with opportunities in the patient communication, invoice/billing, payment processing, and insurance management applications. The global dental management software market is expected to grow with a CAGR of 10% to 12% from 2023 to 2028. The major drivers for this market are rising geriatric population, increasing awareness and growing focus on oral health, prevalence of oral diseases and dental disorders, and increasing adoption in …

According to a market report by Lucintel, the future of the wind turbine blade market looks promising with opportunities in the onshore and offshore market. The global wind turbine blade market is expected to grow with a CAGR of 16% to 18% from 2023 to 2028. The major drivers for this market are increasing demand for clean energy around the world, growing number of offshore and onshore wind energy installations across the world, increasing awareness towards energy security, and economic …

According to a market report by Lucintel, the future of the nuclear power plant equipment market looks promising with opportunities in the island equipment and auxiliary equipment market. The global nuclear power plant equipment market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are increasing energy demand and clean electricity production, growth in nuclear investments across the globe, and technological advancement in nuclear power equipment. In this …

According to a new market report published by Lucintel, the future of the cosmetics grade caprylyl glycol market looks promising with opportunities in the beauty and personal care products. The global cosmetics grade caprylyl glycol market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major growth drivers for this market are increasing adoption of natural ingredients in personal care products and expansion of cosmetic industry. In this market, skin conditioning, hair conditioning, …

According to a new market report published by Lucintel, the future of the global silicon battery market looks promising with opportunities in the automotive, consumer electronics, aviation, energy, and medical device markets. The global silicon battery market is expected to grow with a CAGR of 36% to 38% from 2023 to 2028. The major drivers for this market are increasing use of silicon as an anode material in lithium-ion batteries as it ensures improved capacity performance and high energy density …