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Showing posts from September, 2025

Phosphoric Acid Fuel Cell Market Driven by Transition to Net-Zero

The global   phosphoric acid fuel cell (PAFC) market   was valued at approximately USD 475.25 million in 2023 and is projected to reach USD 1,772.08 million by 2030, reflecting a compound annual growth rate (CAGR) of 20.9% from 2024 to 2030. This growth is primarily driven by the increasing global emphasis on reducing carbon emissions and the transition towards cleaner energy sources. Key Market Trends & Insights Regional Leadership: In 2023, the Asia Pacific region led the global market, accounting for 42.2% of the revenue share. Countries like Japan, South Korea, and China are significant contributors due to their strong governmental support for clean energy initiatives and the adoption of combined heat and power (CHP) systems. Application Dominance: The cogeneration segment held the largest revenue share at 63.5% in 2023. PAFCs are particularly well-suited for CHP applications due to their high thermal and electrical efficiency, making them ideal for stationary power ge...

Phosphoramidite Market Benefits from Personalized Medicine Growth

In 2024, the global   phosphoramidite market   was valued at USD 1.15 billion, and it is expected to grow to USD 2.27 billion by 2033, registering a compound annual growth rate (CAGR) of 8.06% between 2025 and 2033. The expansion is largely driven by increasing use of phosphoramidites in oligonucleotide manufacturing, coupled with rising prevalence of genetic disorders and infectious diseases, leading to greater R&D activity in biotechnology and pharmaceuticals. Key Market Trends & Insights In 2024, North America commanded the largest revenue share in this market at 39.30%. Within North America, the U.S. represented the largest portion of revenue in 2024. By type, DNA phosphoramidites held the largest share at 36.06%. On the basis of application, the drug discovery & development segment dominated with a 54.14% share in 2024. In terms of end use, pharmaceutical and biotechnology companies led with 61.88% of revenue in 2024. Market Size & Forecast Base year (2024...

Pest Control Service Market Benefits from Demand in Agricultural Protection

The global   pest control services market   was valued at USD 22.64 billion in 2023 and is projected to reach USD 34.30 billion by 2030, with a compound annual growth rate (CAGR) of 6.3% over the period from 2024 to 2030. Growth is being driven by increasing demand for pest management in industrial, residential, and commercial spaces in order to maintain hygienic conditions. Key Market Trends & Insights and Market Size & Forecast Regionally, North America led the market in 2023 in terms of revenue. Among countries, the United States is expected to show the highest growth rate between 2024 and 2030. By type of pest, insects accounted for the largest share in 2023 (42.4%). The residential segment is projected to be the fastest growing in the forecast period. In 2023, the market size stood at USD 22.64 billion. It is predicted to expand to USD 34.30 billion by 2030 under a CAGR of 6.3% between 2024 and 2030. The expansion is supported by continuous R&D in pest-control...

Particle Size Analysis Market Adoption Rises in Healthcare Sector

  In 2022, the global   particle size analysis market   was valued at USD 381.0 million. Forecasts indicate it will reach USD 578.83 million by 2030, growing at a compound annual growth rate (CAGR) of 5.4% over the period from 2023 to 2030. Key factors fuelling this growth include intense research in nanotechnology and increasing demand across numerous sectors such as automotive, aerospace, semiconductors, and pharmaceuticals. Innovations in precision and flexibility of particle size analysis methods are being adopted increasingly, improving integration into systems. Advances in instruments and software are enhancing accuracy, speed, and usability, rendering them more accessible and valuable in diverse industries. Pharmaceutical demand is a major driver: with tighter regulatory requirements, drug safety, advanced delivery systems, and the precise control of particle size in dosage forms are vital. Particle size analysis helps ensure compliance, reduce waste, optimise proc...

Packaging Printing Market Supported by Rising Food Safety Standards

In 2024, the global   packaging printing market   was valued at USD 417.8 billion. It is expected to grow to USD 615.7 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.8% over the period from 2025 to 2030. Key drivers for this growth include rising consumer demand for sustainable packaging, expansion of the e-commerce sector, improvements in printing technology, and a greater preference by consumers for packaging that is visually appealing. Key Market Trends & Insights Asia Pacific held the largest revenue share among regions in 2024, accounting for over 41.0% of global revenue in packaging printing. China’s leading role in packaging printing is underpinned by its extensive manufacturing base and strong export-oriented economy. Among product types, labels made up the largest segment in 2024, contributing more than 35.0% of the total revenue. From the perspective of application, the food & beverage sector was the largest in 2024, making up over 40.0...

Packaging Paper Market Expands with Increased FMCG Industry Adoption

In 2024, the global   packaging paper market   was estimated at USD 192,629.0 million, and it is projected to grow to USD 354,529.2 million by 2030, reflecting a compound annual growth rate (CAGR) of 10.4% from 2025 to 2030. Key drivers of this expansion include mounting environmental concerns and a worldwide push toward sustainability. Key Market Trends & Insights and Market Size & Forecast Regionally, Asia Pacific was the top‐revenue region in 2024, and India is forecasted to post the highest growth rate between 2025 and 2030. Among product segments, kraft liners led with revenue of USD 103,093.5 million in 2024, and are also expected to be the fastest growing segment during the forecast period. The market’s move away from plastic toward more biodegradable and recyclable alternatives—such as kraft paper, testliner, and fluting paper—is being driven by stricter regulations on single-use plastics and escalating environmental awareness. Industries including food & b...

Packaging Coatings Market Driven by Increasing Flexible Packaging Use

In 2024, the global   packaging coatings market   was valued at USD 4,234.7 million. Projections indicate it will grow to USD 6,448.1 million by 2033, reflecting a compound annual growth rate (CAGR) of 4.9% over the period 2025–2033. Demand is particularly strong in flexible packaging applications, driving much of the growth in coatings used across this segment. Regionally, Asia Pacific leads the market in terms of revenue, accounting for the largest share in 2024, with China contributing heavily to that dominance. Among resin types, epoxies hold the largest share, and in terms of applications, rigid packaging remains ahead in revenue share. Key Market Trends & Insights; Market Size & Forecast Regional Leadership: Asia Pacific dominated in 2024 with a revenue share of approximately 42.5%, and within that region, China held over 62.4% of the Asia Pacific packaging coatings market. Europe is identified as the fastest-growing region in the forecast horizon. Product / Resi...

Package Boilers Market outlook positive with power generation growth

In 2024, the global   package boilers market   was valued at USD 9.84 billion. It is expected to reach about USD 12.51 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.4% during the 2025-2030 period. Demand is rising steadily, particularly from industrial sectors such as food processing, chemicals, pharmaceuticals, and energy, which require efficient steam generation systems. Key Market Trends & Insights Regional leadership: Asia Pacific emerged as the dominant region in 2024, capturing 37.8% of the total market. Within this region, China leads in adoption, driven by large-scale industrial and infrastructure expansion. Fuel type dynamics: Gas-fueled package boilers were the largest segment by fuel type in 2024, accounting for 42.8% of the market. This reflects preferences for higher thermal efficiency and lower emissions. Type segmentation: Fire-tube boilers held the largest share among boiler types in 2024 (45.2%), due to their suitability for lower‐p...

Optical Coating Market supported by 5G network equipment demand

In 2023, the global   optical coatings market   was valued at approximately USD 20.20 billion. Projections indicate that this figure will surge to around USD 37.58 billion by 2030, reflecting a compound annual growth rate (CAGR) of about 9.2% during the 2024–2030 period. This robust expansion is propelled by advancements in optical deposition techniques and fabrication technologies, as well as growing demand for high-performance optical devices across a range of end-use sectors. North America dominated the market in 2023, capturing roughly 37.0% of total revenue. Within Asia Pacific, India emerged as the largest contributor to regional revenue. Among applications, consumer electronics accounted for the largest share—more than 31.0% of the market—while by product type, anti-reflective coatings led with over 29.0% of revenue. Key Market Trends & Insights Technological enhancements in deposition and fabrication methods are unlocking new possibilities for efficiency and precis...