The automotive heat shields market reached $11.8 billion in 2020 and is expected to expand 3.5% from 2022 to 2030. Electric vehicles, lightweight and fuel-efficient passenger cars, and commercial vehicles will drive market growth. The heat shield helps maintain thermal comfort within the automobile, protects delicate vehicle components from heat, and dissipates excess vehicle heat. The gadget also boosts engine power by decreasing hood and intake air temperatures.
The global cresols market is expected to cross $500 million in 2030 growing at a CAGR of 3.8% during the forecast period 2022 to 2030. Cresol derivatives are used in vitamin E and electronic encapsulation manufacture. Demand for laptops, tablets, mobile phones, and display devices is expected to boost the electronics industry during the forecast period. Sanitizers are widely used because of covid 19's awareness campaign. This boosted cresol's application in the healthcare segment.
The global controlled release fertiliser market is expected to grow at a CAGR of 6.5% during the forecast period of 2022 to 2030. A number of reasons are predicted to boost the controlled release fertiliser industry in the coming years. These main reasons include the expansion in global population, application rates in developing nations, and demand for high-value crops.
The market for load monitoring systems is expected to grow at a CAGR of 4.3% during the forecast period of 2022 to 2030. Over the past few years, there has been a rise in the use of precision manufactured technologies for operational load monitoring applications across a variety of business sectors. Both the aerospace industry and the healthcare business make extensive use of load monitoring systems for the purpose of testing and monitoring various components of aircraft.
The global automotive die casting lubricants market is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2030. Growing demand for ecologically friendly automotive die casting lubricants and a rise in R&D initiativesremain as the key growth drivers. Increasing economic improvements and client purchasing power generate increased auto demand. Rising gas prices are pushing individuals to buy fuel-efficient cars. Die-cast automobile parts have a greater strength-to-weight ratio than forged parts.
Market for repeat expansion disorders treatment is expected to grow at a CAGR of 13.5% during the forecast period of 2022 to 2030. Repeat expansion disorders are a group of inherited conditions that are triggered by expansions in the DNA repeats of affected individuals. The length of the DNA repeats can range from a single nucleotide all the way up to a dodecamer or even longer. When recurrent expansions create symptoms varies by illness.
The automotive catalytic converter market reached about US $13.5 billion in 2021 and is anticipated to grow at a CAGR of 7.5% during the forecast period of 2022 to 2030. It is anticipated that the automobile sector will experience significant expansion in the not-too-distant future as a result of increasing hefty investments in research and development made by car manufacturers as well as severe emission control rules and regulations across the globe.
Fatty alcohol market is expected to cross the market revenues of US $10 billion by 2030 growing at a CAGR of 5.5% during the forecast period of 2022 to 2030. Fatty alcohols are long-chain alcohols with a high molecular weight that are generated from fats and oils. Fatty alcohol chains range in length from three to more than twenty-seven carbon atoms. They can be saturated or unsaturated and can take the form of waxy solids or colourless, oily liquids (for lower carbon numbers).
The market for licensed sports merchandise is projected to grow at a CAGR of 7.2% during the forecast period of 2022 to 2030. The expansion of the market can be ascribed to the expansion of the entertainment business, which is driving the marketing of sports as a key source of entertainment across a variety of digital channels. The development and spread of online commercial activity have been critical contributors to the growth of the sector as a whole.
The concrete floor coatings market is estimated to grow at a CAGR of 7.2% during the forecast period of 2022-2030. The increase of end-use sectors such as residential construction and commercial spaces, as well as the growing demand for protective concrete flooring coverings, will drive the market over the projection period. Expansion of the manufacturing sector in developing economies is also predicted to boost the market. Manufacturers' demand for concrete floor coverings has grown due to more indoor and outdoor uses.
