The aluminium casting market is anticipated to grow at a CAGR of 7.5% during the forecast period of 2022 to 2030. The expansion of the aluminium casting market is primarily attributable to the expanding use of aluminium in various industries, particularly the transportation sector, the industrial sector, and the building and construction sector. Because it improves fuel efficiency and minimises environment-degrading events like carbon dioxide emission, the automotive industry has a consistent demand for it, and this desire is expected to continue in the foreseeable future.
The hook and loop fasteners market is expected to grow at a compound annual growth rate of 5.6% during the forecast period of 2022 to 2030. The growth is mainly attributable to increased demand by the industrial sector and other end-use industries. Hook and loop fasteners are also called hook and pile fasteners or touch fasteners. Hook and loop fasteners are made up of two parts: typically two lineal fabric strips (or circular 'dots' or squares), which are joined (sewn or otherwise attached) to the opposite surfaces to be secured.
The global polypropylene packaging films market accounted for US$ 25.55 Bn in 2021 and is anticipated to grow to US$ 41.05 Bn growing at a CAGR of 6.1% during the forecast period from 2022 to 2030. Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector especially in developing regions are having a positive influence on the demand for polypropylene packaging films market.
The popularity and implementation of the green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect.
The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2022 to 2030, starting from US$ 2.25 Bn in 2030. Electrical vehicle cabin insulation types highly rely on the vibration, noise, and harness (NVH) design of an automobile. The overall electrical vehicle cabin insulation is precisely intended for making the ride quality smooth for the occupants of the particular automobile.
The rising demand from the oil & gas industry to lower the losses incurred due to corrosion is driving the global cathodic protection market. Cathodic protection is a technique to control the corrosion of a metal surface by making it a cathode of an electrochemical cell. Corrosion can destroy the integrity of infrastructure and regular patching of the damaged area may be simple but is found to be less effective in the long run. Eventual repairing of the infrastructure may add up to the cost of repairing.
The rapid development in the integration of the semiconductor industry has a high demand for silicon wafer, as a basic material for producing ICs. The exponential growth of consumer electronics products such as smartphones, tablets, and smart wearable are the end products where ICs are assembled. This industry has kept the demand high for silicon wafers.
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc.
3D printing in eyewear is gaining traction with increased adoption of additive manufacturing (AM) across various industry verticals. New trend of tailor-made eyewear that are comfortable to customer needs is expected to boom the market size in coming decade. 3D printing technology can be used to manufacture complex shapes that cannot be produced with conventional manufacturing technologies. These factors are expected to drive the market in near future.
Globally, the electronic shelf label (ESL) market is expected to grow with a CAGR of 16.8% during the forecast period from 2022 to 2030, starting from US$ 702.9 Mn in 2021. The market is propelled by the growing adoption of the automation across the retail sector. The retail sector is going through a phase of digital disruption. The emergence of the online shopping portals has led to the intensive competitive war among the retailers.
Materials Market Research Reports
The materials market has undergone rapid expansion and it includes a collection of materials used in different diversified industries such as construction industry, textile industry, glass trade, chemical industry and wood trade. Each of these businesses consists of various other categories of materials which finds its applications in particular processes and products.
The materials market needs to be highly receptive to any changes in customer demand or changes in business cycles or changes in product demand. This makes it necessary for the top market players in the materials market industry to keep in touch with latest industry trends if they want to reap maximum benefits from the present evolving materials business industry. Regulatory instructions is yet another major aspect that restraints the growth of a particular section of market within the materials industry although it opens new business opportunities for the new entrepreneurs of the business industry. Any variation in supply and demand of materials could have a greater impact on the materials market in more than one way.
The materials market industry consists of many axillary sectors like curing, fastening, coating, processing, plating, grinding, polishing, combining and finishing. Many of the materials, be it plastics, metals, glass, textiles, wood, ceramics or composites require to undergo one or more of these above described functions. Ancillary sectors are also required to emerge along with the dynamic transiting nature & scope of the main materials business which consists of both advanced materials as well as basic materials.
