Press Release

According to a market report by Lucintel, the future of the SiC power semiconductor market looks promising with opportunities in the automotive, utilities & energy, industrial, transportation, IT & telecommunication, consumer electronics, aerospace & defense, and commercial industries. The global SiC power semiconductor market is expected to reach an estimated $0.9 billion with a CAGR of 22.0% from 2023 to 2028. The major drivers for this market are the rising demand for wireless communications and consumer electronics and increasing penetration …

According to a market report by Lucintel, the future of the environmental sensor market looks promising with opportunities in the smart home automation, smart office automation, and smart city applications. The global environmental sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 8.5% from 2023 to 2028. The major drivers for this market are increasing use of environmental sensors in consumer goods like HVAC (heating, ventilation, and air conditioning) and air purifiers, and …

According to a market report by Lucintel, the future of the fiber optic sensor market looks promising with opportunities in the transportation, medical, defense, industrial, and oil and gas industries. The global fiber optic sensor market is expected to reach an estimated $2.7 billion by 2028 with a CAGR of 11% from 2023 to 2028. The major drivers for this market are rising need for sensors, which can operate in high temperatures and extreme environmental conditions, owing to this, these …

According to a market report by Lucintel, the future of the global semiconductor wafer polishing and grinding equipment market looks promising with opportunities in the foundry, memory manufacturer, and IDMs industries. The global semiconductor wafer polishing and grinding equipment market is expected to reach an estimated $0.33 billion with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are rise in the consumption of consumer electronics, increasing demand for MEMS, IC manufacturing, optics, and compound …

According to a market report by Lucintel, the future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets. The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing awareness of consumer on adopting a healthy lifestyle, growing inclination towards a fitness regime, and rising trend of outdoor activities …

According to a market report by Lucintel, the future of the thin wafer market looks promising with opportunities in the MEMS, CIS, memory, RF device, LED, interposer, and logic markets. The global thin wafer market is expected to reach an estimated $20.5 billion by 2028 with a CAGR of 10.2% from 2023 to 2028. The major drivers for this market are growing adoption of smartphones and portable health monitoring devices, rising trend of miniaturization of electronic devices, and increasing integration …

According to a market report by Lucintel, the future of the OLED material market looks promising with opportunities in the residential, commercial, and industrial applications. The global OLED material market is expected to reach an estimated $72.2 billion by 2028 with a CAGR of 23.2% from 2023 to 2028. The major drivers for this market are growing demand for energy efficient and wireless lights, increasing application of these OLEDs in automotive sectors, and increasing usage of latest white OLED devices …

According to a market report by Lucintel, the future of disperse dye in the global specialty dye and pigment market looks promising with opportunities in the textile, leather, paint and coating, and plastic applications. The global specialty dye and pigment market in terms of disperse dye usage is expected to reach an estimated $8.0 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are a growing number of young people who …

According to a market report by Lucintel, the future of the subcutaneous drug delivery device market looks promising with opportunities in the hospital pharmacy, retail pharmacy, and online pharmacy channels. The global subcutaneous drug delivery device market is expected to reach an estimated $44.0 billion by 2028 with a CAGR of 9% from 2023 to 2028. The major drivers for this market are increasing number of cases for diabetes and cardiovascular diseases (CVD) and expanding use of these delivery systems …

According to a market report by Lucintel, the future of chemical mechanical planarization (CMP) slurry in the global electronic chemical market looks promising with opportunities in the silicon wafer, optical substrate, and disk-drive component applications. The global electronic chemical market in terms of chemical mechanical planarization (CMP) slurry usage is expected to reach an estimated $2.2 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are increasing need for CMP in …

According to a market report by Lucintel, the future of GaN-on-diamond semiconductor substrate market looks promising with opportunities in the RF power amplifier, microwave & millimeter wave circuit, radar sensing equipment, tactical radio, communication satellite equipment, and wireless infrastructure applications. The global GaN-on-diamond semiconductor substrate market is expected to reach an estimated $0.11 billion by 2028 with a CAGR of 16.0% from 2023 to 2028. The major drivers for this market are growing number of data and R&D centers and …

According to a market report by Lucintel, the future of the prefabricated building and structural steel market looks promising with opportunities in the residential, institutional, commercial, and industrial sectors. The global prefabricated building and structural steel market is expected to reach an estimated $290.4 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are increasing number of infrastructure activities for recovery, rehabilitation, and rebuilding in the urban areas, increasing use of …

According to a market report by Lucintel, the future of the drone services market looks promising with opportunities in the construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transport, logistic & warehousing end use industries. The global drone services market is expected to reach an estimated $59.0 billion by 2028 with a CAGR of 29.9% from 2023 to 2028. The major drivers …

According to a market report by Lucintel, the future of the smart air condition market looks promising with opportunities in residential, commercial, and industrial applications. The global smart air condition market is expected to reach an estimated $12.0 billion by 2028 with a CAGR of 11.0% from 2023 to 2028. The major drivers for this market are rapid penetration of internet of things (IoT) across the globe, growing popularity of smart homes, and increasing inclination towards the adoption of energy-efficient …

According to a market report by Lucintel, the future of constant current in the global LED driver market looks promising with opportunities in the commercial lighting, residential lighting, architecture, airport and dockyard, healthcare, office, horticulture, and retail applications. The global LED driver market in terms of constant current usage is expected to reach an estimated $8.7 billion by 2028 with a CAGR of 16.1% from 2023 to 2028. The major drivers for this market are increasing need for constant current …

According to a market report by Lucintel, the future of the analog integrated circuit market looks promising with opportunities in the automotive, healthcare, consumer electronics, and information technology & telecommunication industries. The global analog integrated circuit market is expected to reach an estimated $67.6 billion by 2028 with a CAGR of 7.0% from 2023 to 2028. The major drivers for this market are increasing demand for electronic devices, such as smartphones, laptops, and other consumer electronics and growing adoption of …

According to a market report by Lucintel, the future of the spoolable pipe market looks promising with opportunities in the onshore, offshore, and downhole applications. The global spoolable pipe market is expected to reach an estimated $1.71 billion by 2028 with a CAGR of 4.1% from 2023 to 2028. The major drivers for this market are significantly growing oil and gas industries, increasing use of these pipes to transport crude oil and natural gas since they require less maintenance and …

According to a market report by Lucintel, the future of the semiconductor photomask market looks promising with opportunities in the semiconductor, discrete, optoelectronics, display device, and MEMS applications. The global semiconductor photomask market is expected to reach an estimated $6.4 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major growth drivers for this market are the growing adoption of consumer electronic products, usage of automated systems across various industry verticals, and the growing demand for …

According to a market report by Lucintel, the future of the conductive carbon black market looks promising with opportunities in the plastic, battery electrode, paint & coating, and rubber applications. The global conductive carbon black market is expected to reach an estimated $529.0 million by 2028 with a CAGR of 2.7% from 2023 to 2028. The major drivers for this market are increasing usage of this carbon black in the paints & coatings, automotive parts & accessories, and consumer electronics …

According to a market report by Lucintel, the future of the asphalt shingle market looks promising with opportunities in the residential and commercial sectors. The global asphalt shingle market is expected to reach an estimated $7.7 billion by 2028 with a CAGR of 3% from 2023 to 2028. The major drivers for this market are increasing demand of roofing materials along with affordable price and environment friendly properties and supportive government initiative towards building of smart cities. In this market, …

According to a market report by Lucintel, the future of the recycled asphalt market looks promising with opportunities in the patch material, hot-mix asphalt, temporary driveway & road, road aggregate for unpaved roadway, interlocking brick, new asphalt shingle, and energy recovery applications. The global recycled asphalt market is expected to reach an estimated $9.7 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are growing use of recycled asphalt for reconstructing …

According to a market report by Lucintel, the future of bleaching chemicals in the global speciality pulp and paper chemical market looks promising with opportunities in the powder and liquid markets. The global speciality pulp and paper chemical in terms of bleaching chemical consumption is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are growing demand for bleaching chemicals to remove impurities from pulp …

According to a market report by Lucintel, the future of the smart refrigerator market looks promising with opportunities in the residential and commercial end use industries. The global smart refrigerator market is expected to reach an estimated $1.4 billion by 2028 with a CAGR of 10% from 2023 to 2028. The major drivers for this market are increasing customers’ inclination towards smart home appliances and rising penetration of IOT and wireless communication in various electronic appliances. In this market, single, …

According to a market report by Lucintel, the future of the smart dishwasher market looks promising with opportunities in the household and commercial applications. The global smart dishwasher market is expected to reach an estimated $4.0 billion by 2028 with a CAGR of 8.5% from 2023 to 2028. The major drivers for this market are increasing disposable income, rising penetration of smart households, and growing consumer inclination towards smart kitchen appliances. In this market, freestanding dishwasher and built-in dishwasher are …

According to a market report by Lucintel, the future of the anode binder market looks promising with opportunities in the silicon-based anode and graphite-based anode applications. The global anode binder market is expected to reach an estimated $1.87 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growing demand for lithium-ion battery based electric vehicles and expanding usage of anode binders as a solvent replacement in the manufacture of batteries. …

According to a market report by Lucintel, the future of the polyimide varnish market looks promising with opportunities in the consumer electronic, IT & telecom, aerospace & defense, automotive, and solar industries. The global polyimide varnish market is expected to reach an estimated $35.3 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are expanding uses for polyimide varnish among wire coating, aerospace and defense, and electronic industries, and continuous growth …

According to a market report by Lucintel, the future of artificial intelligence in the global healthcare market looks promising with opportunities in the robot-assisted surgery, virtual assistant, administrative workflow assistant, connected machine, diagnosis, clinical trial, fraud detection, cybersecurity, and dosage error reduction applications. The global healthcare market in terms of use of artificial intelligence is expected to reach an estimated $4.8 billion by 2028 with a CAGR of 32% from 2023 to 2028. The major drivers for this market are …

According to a market report by Lucintel, the future of the caustic soda market looks promising with opportunities in various applications, such as alumina, inorganic chemical, organic chemical, food, pulp and paper, soaps and detergents, textile, water treatment, and steel/metallurgy sintering. The global caustic soda market is expected to reach an estimated $57.1 billion by 2028 with a CAGR of 4% from 2023 to 2028. The major drivers for this market are rapid industrialization, increased usage of caustic soda in …

According to a market report by Lucintel, the future of the fine grain graphite market looks promising with opportunities in the mechanical engineering, aerospace, and electronic material applications. The global fine grain graphite market is expected to reach an estimated $2.45 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are extensive use of these graphites in military applications, such as missile nozzle throats, thrust tabs, and re-entry vehicle nose tips …

According to a market report by Lucintel, the future of the enteral feeding formula market looks promising with opportunities in the oncology, gastrointestinal disease, neurological disorder, and diabetic applications. The global enteral feeding formula market is expected to reach an estimated $9.2 billion by 2028 with a CAGR of 7.0% from 2023 to 2028. The major drivers for this market are increasing aging population, growing cases of chronic diseases, such as diabetes, cancer, gastrointestinal diseases, and neurological disorders, and rising …

According to a market report by Lucintel, the future of the high potency API market looks promising with opportunities in oncology, glaucoma, hormonal imbalance, and other therapeutic applications. The global high potency API market is expected to reach an estimated $38.1 billion by 2028 with a CAGR of 8.7% from 2023 to 2028. The major drivers for this market are growing demand for oncology drugs and antibody-drug conjugates, increasing demand for outsourcing HPAPIs, and growing focus on precision medicine. In …

According to a market report by Lucintel, the future of the overactive bladder treatment market looks promising with opportunities in the idiopathic overactive bladder and neurogenic overactive bladder segments. The global overactive bladder treatment market is expected to reach an estimated $4.0 billion by 2028 with a CAGR of 3.4% from 2023 to 2028. The major drivers for this market are increasing number of patients with kidney related disorders, rising geriatric population, and the presence of adequate reimbursement policies. In …

According to a market report by Lucintel, the future of the immunofluorescence assay market looks promising with opportunities in the academic & research institutes, pharmaceutical & biotechnology companies, contract research organizations, and hospitals & diagnostic centers. The global immunofluorescence assay market is expected to reach an estimated $4.0 billion by 2028 with a CAGR of CAGR of 5.9% from 2023 to 2028. The major drivers for this market are increasing incidences of chronic diseases, growing government investments in healthcare, and …

According to a market report by Lucintel, the future of the fire resistant material market looks promising with opportunities in residential, commercial, and industrial applications. The global fire resistant material market is expected to reach an estimated $5.2 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are increasing use of fire resistant materials in various construction activities, supporting regulations and construction standards for the use of fire resistant materials, and …

According to a market report by Lucintel, the future of the pharmaceutical excipient market looks promising with opportunities in the oral formulation, tablet, capsule, liquid formulation, topical formulation, and parenteral formulation end use industries. The global pharmaceutical excipient market is expected to reach an estimated $11.9 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are rapid advancement in nano technology along with increasing biopharmaceutical industries, and growing demand for functional …

According to a market report by Lucintel, the future of the pharmaceutical membrane filtration market looks promising with opportunities in the API filtration, sterile filtration, protein purification, vaccine and antibody processing, formulation and filling solution, and viral clearance applications. The global pharmaceutical membrane filtration market is expected to reach an estimated $14.3 billion by 2028 with a CAGR of 12.5% from 2023 to 2028. The major drivers for this market are significantly growing biopharmaceutical and pharmaceutical industries, increasing adoption of …

According to a market report by Lucintel, the future of the lithium-ion battery binder market looks promising with opportunities in the automotive, consumer electronic, industrial, and energy storage markets. The global lithium-ion battery binder market is expected to reach an estimated $4.04 billion by 2028 with a CAGR of 16.4% from 2023 to 2028. The major drivers for this market are increasing usage of lithium-ion batteries in electronic devices, growing demand for lithium-ion batteries as an alternative to conventional batteries, …

According to a market report by Lucintel, the future of the silicon additive market looks promising with opportunities in the plastic composites, paper, paint & coating, food & beverage, adhesive & sealant, petroleum, and home & personal care industries. The global silicon additive market is expected to reach an estimated $2.57 billion by 2028 with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are rising use of these compounds in various end use industries, …

According to a market report by Lucintel, the future of the neuromorphic chip market looks promising with opportunities in the aerospace, military, automotive, consumer electronic, industrial, medical, and IT & telecommunication end use industries. The global neuromorphic chip market is expected to reach an estimated $10.5 billion by 2028 with a CAGR of 26.1% from 2023 to 2028. The major drivers for this market are the growing demand for AI in neuromorphic devices along with increasing adoption of these chips …

According to a market report by Lucintel, the future of acrylic adhesives in the global specialty adhesive market looks promising with opportunities in the packaging, building and construction, transportation, appliance, electrical and electronic, sporting good, and woodworking end use industries. The global specialty adhesive market in terms of acrylic adhesives is expected to reach an estimated $20.6 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are increasing application of acrylic …

According to a market report by Lucintel, the future of the synthetic graphite market looks promising with opportunities in the metallurgy, part and component, battery, and nuclear applications. The global synthetic graphite market is expected to reach an estimated $2.5 billion by 2028 with a CAGR of 3.8% from 2023 to 2028. The major drivers for this market are growing need for graphite in metallurgical applications, such as electrodes, refractories, bricks, and monolithic crucibles, and increasing usage of this graphite …

According to a market report by Lucintel, the future of the laminated glass market looks promising with opportunities in the building and construction, automotive, electronic, and solar panel end uses. The global laminated glass market is expected to reach an estimated $31.1 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing number of construction activities, stringent safety restraints in the automotive industry, and growing demand of value-added glass products. …

According to a market report by Lucintel, the future of the unit heater market looks promising with opportunities in various applications, such as commercial, industrial, and residential. The global unit heater market is expected to reach an estimated $5.3 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are growing need for low-cost operations and increasing demand for energy-efficient unit equipment in various applications, such as food and beverage, chemical, manufacturing, …

According to a market report by Lucintel, the future of the video door phone market looks promising with opportunities in the residential and non-residential markets. The global video door phone market is expected to reach an estimated $7.2 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are increasing acceptance of video door phones in the non-residential as well as government applications for communication and security purposes and growing trend for …

According to a market report by Lucintel, the future of the medical supplies market looks promising with opportunities in the urology, wound care, radiology, respiratory, infection control, cardiology, IVD, and other applications. The global medical supplies market is expected to reach an estimated $172.2 billion by 2028 with a CAGR of 3.5% from 2023 to 2028. The major drivers for this market are growing demand for infection control measures to control hospital acquired infections, increasing cases of communicable diseases, and …

According to a market report by Lucintel, the future of the voltage superior IC market looks promising with opportunities in communication, computing application, consumer electronic, automotive, and industrial applications. The global voltage superior IC market is expected to reach an estimated $4.2 billion by 2028 with a CAGR of 9.0% from 2023 to 2028. The major drivers for this market are growing demand for energy efficient electronic devices and increasing adoption in the aerospace and marine industries. In this market, …

According to a market report by Lucintel, the future of the pharmaceutical gelatin market looks promising with opportunities in the hard capsule, softgel capsule, tablet, and absorbable hemostat segments. The global pharmaceutical gelatin market is expected to reach an estimated $1.6 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are increasing geriatric population, growing awareness towards consumption of nutrition rich food, and surging demand for pharma gelatin in vaccines, tablets, …

According to a market report by Lucintel, the future of the polyDADMAC market looks promising with opportunities in the water purification, pulp and paper, and medical applications. The global polyDADMAC market is expected to reach an estimated $0.66 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major driver for this market is the increasing adoption of PolyDADMAC in water purification, water and wastewater treatment applications owing to its affordability. In this market, liquid, bead, and …

According to a market report by Lucintel, the future of the biosurfactant market looks promising with opportunities in the detergent, personal care, food processing, and agricultural chemical applications. The global biosurfactant market is expected to reach an estimated $4.2 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are increasing adoption of eco-friendly and sustainable product alternatives and growing usage of biosurfactant in various applications, such as personal care, oil and …

According to a market report by Lucintel, the future of the clinical trial supply market looks promising with opportunities in the pharmaceutical & biotechnology companies, contract research organisations, and medical device companies. The global clinical trial supply market is expected to reach an estimated $4 billion by 2028 with a CAGR of 7.7% from 2023 to 2028. The major drivers for this market are increasing R&D expenditure by the pharmaceutical and biotechnology companies, growing prevalence of diseases, and the globalization …