The global market for ride-on trowels is predicted to increase at a CAGR of 5.5% during the forecast period of 2022 and 2030. Significantly expanding infrastructure development in a number of emerging economies and rapid industrialization in developing regions are significant drivers offering the attractive potential for industry participants in the ride-on trowels market. However, the need for affordable ride-on trowels with improved fuel economy and lever controls presents considerable challenges.
The global market for rheumatoid arthritis treatments is anticipated to expand at a CAGR of 5% during the forecast period 2022 and 2030. Rheumatology is the internal medicine specialty concerned with the diagnosis and treatment of rheumatic diseases. Rheumatic illnesses are characterized by inflammation of the joints, tendons, ligaments, bones, and even organs.
In 2020, the market size for oregano essential oil was assessed to be $9 billion, and it is anticipated to expand at a CAGR of 10% from 2022 to 2030. In the coming years, the rising demand for natural preservatives in the food and beverage industry and the increased usage of essential oils in aromatherapy within the healthcare sector are projected to be the key drivers of the oregano essential oil market.
The global optometry equipment market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2022 to 2030. Increasing technological advancements in optometry equipment and increased awareness of early disease diagnosis in emerging nations are driving the market growth.
The value of the synthetic diamond market was estimated to be US $14 billion in 2021, and it is anticipated to register a CAGR of 8% during the forecast period of 2022 to 2030. Due to the unique combination of acoustic, mechanical, thermal, electrical, electrochemical, and optical properties that artificial diamonds possess; their use is expanding across a wide variety of end-use industries.
The global synchronous condenser market was valued at $570 million in 2020 and is expected to grow at a CAGR of 3.2% during the forecast period of 2022 to 2030. A synchronous condenser is a device that produces reactive power that is 90 degrees out of phase with real power. A synchronous condenser's shaft, like that of a synchronous motor, can freely revolve.
During the period between 2022 and 2030, it is estimated that the marine coatings market will expand at a CAGR of 5.5%. The rise of international trade as a whole has led to a greater reliance on sea lanes as a means of delivering goods and conducting business in various regions of the globe. This has led to a growth in the production of bulk carriers, container ships, and general cargo ships around the world, which has therefore widened the market for marine coatings.
The global sodium lauryl ether sulphate (SLES) market is anticipated to expand at a CAGR of 6.5% during the forecast period of 2022 to 2030. One of the most important reasons that will have a favourable impact on the expansion of the sodium lauryl ether sulphate market is the growing consciousness among consumers regarding the importance of personal hygiene and cleanliness.
The screw piles market was worth USD 930 million in 2021 and is expected to rise at a CAGR of 5.7% during the forecast period of 2022 to 2030. Economical screw piles are installed by excavators with rotating driver heads. Modern builders employ screw piles when speed is important. High-quality recycled steel screw piles are popular.
The global market for recreational off-highway vehicles is anticipated to grow at a CAGR of 16.2% during the forecast period of 2022 to 2030. The market demand for ROVsis anticipated to increase in the near future as consumer interest in leisure and other sporting activities rises.
