The global masterbatch market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2022 and 2030. It is anticipated that one of the primary factors that will drive growth in the global market over the forecast period will be the substitution of plastics for metals in various end-use industries, such as the automotive and transportation, building and construction, consumer goods, and packaging industries. The demand for various types of plastic that use the product for imparting functional features is being driven by the rising emphasis placed on the use of plastic in the automotive industry in order to decrease vehicle weight and, as a result, increase the fuel efficiency of the vehicles.
The global market for insulin pumps is projected to grow at a CAGR of 14% during the forecast period of 2022 to 2030. The progress of technology and an increasing preference for using insulin pumps rather than more conventional approaches are two of the factors that are driving the market's expansion. People who require many injections of insulin on a daily basis can find a great deal of convenience in the use of insulin pumps. Because they are less invasive, patients prefer using these devices, which has led to their widespread use.
In 2020, the global market for insomnia was estimated to be worth US $4.5 billion and is expected to grow at a CAGR of 6.2% during the forecast period of 2022 to 2030. It is anticipated that the strong demand will be fuelled by an increase in the launch of novel products over the course of the forecast period, the availability of a number of generic alternatives, increasing prevalence of insomnia and stressare the key factors that aredriving the growth of insomnia therapies market.
The global market for pivot electrodeposited copper foil market is expected to grow at a CAGR of 12% during the forecast period of 2022 to 2030. Copper foil is a prominent material in a variety of applications, including those in the consumer and industrial sectors. Copper is an excellent conductor of electricity in addition to its other desirable properties of malleability and ductility. Electrodeposition of copper or rolling of copper sheets is two methods that are used to produce copper.
In 2021, the global market for polyaryletherketone (PAEK) is estimated to expand at a CAGR of 6.5% during the forecast period of 2022 to 2030. It is anticipated that PAEK would experience strong growth as a result of its qualities, which include outstanding performance even at higher temperatures and resistance to friction. Polyether ether ketone (PEEK) is becoming more utilised in the aerospace industry due to the fact that it is a polymer that has a high glass transition temperature.
The global market for high-temperature gaskets is anticipated to grow at a CAGR of 5% during the forecast period of 2022 to 2030. When two surfaces that are meant to be joined together are subjected to conditions of increased pressure and temperature, a gasket designed for high temperatures is used to fill the gaps that result.
The global market for boron carbide is expected to grow at a CAGR of 5% during the forecast period of 2022 to 2030. It is anticipated that the building of nuclear reactors for the production of sustainable energy, particularly in developing economies, will drive sales. It is anticipated that numerous advantageous characteristics of organic boron carbide, such as its hardness, chemical inertness, and high absorption of neutrons in cross-section, will also drive the market.
The global market for battery materials is expected to expand at a CAGR of 16.3% during the forecast period of 2022 to 2030. The market for battery materials is expected to experience significant expansion in the coming years as a result of the rising demand from a variety of applications, including electric vehicles (EVs), portable devices, electronics products, and industrial settings. Opportunities may be found in a variety of industries, including consumer electronics, industrial manufacturing, and transportation, which all point to a bright future for the market for battery materials.
The value of the global automotive steering system market is expected to increase at a CAGR of 5.5% during the forecast period of 2022 to 2030. An automotive steering system is a collection of components that work together to regulate the path that a vehicle is going in while also assisting the driver in manoeuvring the vehicle in the desired manner. The component of the vehicle steering system that is operated manually includes the steering column, the universal joints, the rack and pinion mechanism, and the hand-driven steering wheel. As a result of this improvement, the steering system has been converted from manual steering to a power assist steering system.
The market for automotive seats is anticipated to expand at a CAGR of 4.5% during the forecast period of 2022 to 2030. The automotive seat market is being driven by a number of factors, including an increasing demand for premium vehicles, an increasing acceptance of powered seats in mid-segment cars and SUVs, and an expanding need for aftermarket seating solutions.