Insomnia therapeutics market was valued $4.5 billion in 2020 and is predicted to expand a a CAGR of 6.2% during the forecast period of 2022 to 2030.Insomnia is a condition that impacts approximately 3% of the population and can be brought on by taking prescribed medications, abusing substances, having a medical disorder, or having a mental health condition.
The global pivot electrodeposited copper foil market is estimated to expand at a CAGR of 12% during the forecast period of 2022 to 2030. The copper foil has consumer and industrial applications. Copper conducts electricity well and is malleable and ductile. Copper is produced through electroplating or rolling sheets. Copper foil is used to decorate monasteries, signs, and crafts. As the metals sector grows, so does global demand for electrodeposited copper foils.
The global polyaryletherketone (PAEK) market is expected to grow at a CAGR of 6.5% during the forecast period of 2022 to 2030. PAEK is expected to develop due to its superior performance at high temperatures and friction resistance. PEEK, a polymer with a high glass transition temperature, is used more in the aerospace industry. This will boost demand. Polyetherketoneketone (PEKK) is in high demand in the medical industry for orthopaedic applications and components because of its antimicrobial properties.
The high-temperature gaskets market is expected to expand at a CAGR of 5% during the forecast period of 2022 to 2030. When two surfaces are subjected to high pressure and temperature, a high-temperature gasket is utilized to cover the gaps. Fluorosilicone, fiberglass, graphite, ceramic, silicon, and other materials are used to make these gaskets.
The boron carbide market is expected to rise at a CAGR of 5% during the forecast period of 2022 to 2030. Building nuclear reactors for sustainable energy is expected to boost sales, especially in developing economies. Organic boron carbide's hardness, chemical inertness, and high neutron cross-section absorption should propel the market.
The global battery materials market is predicted to grow at a CAGR of 16.3% during the forecast period of 2022 to 2030. Rising demand for electric vehicles (EVs), portable gadgets, electronics products, and industrial settings will drive the market for battery materials. Consumer electronics, industrial production, and transportation all offer opportunities for battery materials. Increasing demand for electric vehicles, portable gadgets, and energy storage devices is driving this market's growth.
The global automotive steering system market is estimated to grow at a CAGR of 5.5% during the forecast period of 2021 to 2031. The steering system is an essential component since it maintains vehicle control and is not interchangeable. Due to their necessity, vehicle steering systems are in high demand. Rising demand for environmentally friendly and comfortable vehicles is driving the market growth.
e automotive seat market is expected to grow by 4.5% from 2022 to 2030. Increasing demand for premium vehicles, acceptance of powered seats in mid-segment cars and SUVs, and the necessity for aftermarket seating solutions are driving the automotive seat market. Increasing vehicle production and the trend toward high-value seats with smart technology for comfort and safety are driving the market growth.
The automated sample storage systems market is expected to rise at a CAGR of 20% during the forecast period of 2022 to 2030. Increasing R&D in the life science and pharmaceutical industries worldwide is driving the automated sample storage systems market. Cost-effectiveness in decreasing labour costs and boosting security also drives the automated sample storage systems industry.
The white spirit market is predicted to rise at a CAGR of 6% during the forecast period of 2022 to 2030. White spirit is a petroleum-based, transparent, translucent liquid used as an organic solvent in many applications, including painting. White spirits reduce paint's viscosity, which slows drying. After white spirits-thinned paints dry, a smooth, level coat is generated and painted over. White spirits are chemically stable and noncorrosive.
