Persistence Market Research

  The global   pure monomer resin market   is expected to grow at a steady pace, with a projected CAGR of 6.1%, increasing from US$730.7 Mn in 2024 to US$1,106.0 Mn by 2031. This market plays a crucial role in industries such as packaging, automotive, construction, and electronics, thanks to its versatility and wide range of applications. The growing demand for sustainable materials, advancements in resin manufacturing, and the automotive sector's need for lightweight, high-performance components are key factors driving this growth. As industries focus on innovation and sustainability, the market offers substantial opportunities for further expansion. The US pure monomer resin market is expected to reach a significant milestone, with projections indicating it will hit US$149.4 million by 2024. This growth is driven by increased demand across key sectors such as automotive, electronics, construction, and packaging. The market is poised for steady expansion, supported by ad...

The global cold chain market is projected to grow at a CAGR of 17%, increasing from an estimated value of US$268 billion in 2024 to around US$289 billion by 2031. This growth is driven by the rising demand for temperature-sensitive product transportation across industries like food and beverage, pharmaceuticals, chemicals, and automotive. Cold chain logistics is essential to ensure product safety and integrity during storage and transit. In the automotive sector, it plays a critical role in transporting temperature-sensitive components, including electronics and lithium-ion batteries for electric vehicles. This market is vital to supporting global supply chains and maintaining quality standards. The  cold chain market  has witnessed tremendous growth in recent years, particularly in the Asia Pacific (APAC) region, which is rapidly becoming the global leader in cold chain logistics. This expansion is driven by various factors, including increased investments in infrastructure, ...

  The global automotive exhaust systems market, valued at US$46.2 billion in 2023, is projected to grow at a 5.5% CAGR, reaching US$67.2 billion by 2030. This market encompasses the manufacturing of components like mufflers, exhaust ducts, and catalytic converters, which play a critical role in reducing vehicle emissions and adhering to environmental regulations. The increasing global demand for vehicles with advanced emission-control systems, fueled by stricter regulations and consumer preference for sustainable solutions, is driving growth. Additionally, the rise of electric vehicles presents both challenges and opportunities for innovation within the sector. The  automotive exhaust systems market  is undergoing rapid evolution, driven by stringent emission regulations, advancements in vehicle technology, and the shift towards sustainability. North America is at the forefront of this transformation, cementing its position as a leader in the global market. This article e...

  The global  biodegradable polymer market  is projected to grow from USD 8.34 billion in 2024 to USD 20.04 billion by 2031, with a compound annual growth rate (CAGR) of 11.34%. The market is being driven by trends in sustainable packaging, the development of bio-based and marine-degradable polymers, and the growing adoption of biodegradable materials in industries such as 3D printing, agriculture, and medical devices. Notably, China, Germany, and the US are leading in the market due to government regulations, consumer demand for eco-friendly alternatives, and innovations in packaging solutions. Starch-based polymers are expected to grow notably, supported by technological advancements and regulatory incentives promoting environmental sustainability. The demand for biodegradable polymers has experienced rapid growth globally, driven by increasing awareness regarding the harmful environmental effects of traditional plastic products. India, with its burgeoning economy and e...

  The   Europe vehicle electrification market   is set to grow from US$40.4 billion in 2024 to US$72.3 billion by 2031, with a projected CAGR of 8.6%. This growth is driven by rising consumer demand, substantial investments in charging infrastructure, and advancements in battery technology and power electronics. Europe leads the market due to strong regulatory frameworks, consumer demand, and extensive charging infrastructure investments. Norway, with 93% EV sales, plays a key role in this growth. Additionally, government incentives, such as tax breaks and subsidies, are further accelerating EV adoption. Electric power steering (EPS) and plug-in hybrid electric vehicles (PHEVs) are expected to dominate the market, enhancing vehicle efficiency and maneuverability while driving the shift toward electric solutions. The growing network of charging stations and investments by OEMs in electrification continue to fuel the market's expansion, making Europe a global leader in vehi...

  The  self-healing concrete market  is projected to reach a value of US$364.41 billion by 2031, growing from US$53.31 billion in 2024, with a remarkable CAGR of 31.6%. The market's growth is driven by the increasing adoption of eco-friendly concrete materials and the demand for low-maintenance, durable infrastructure, particularly in smart city projects. Innovations in nano-sized materials and capsule-based healing agents are enhancing the efficiency and durability of self-healing concrete, positioning it as a key solution in sustainable construction. The market has seen consistent growth, with a historical CAGR of 28.1% from 2019 to 2024, and is set to benefit from urbanization and a global push for resilient, eco-friendly infrastructure. In the world of construction, concrete is the backbone of infrastructure, but its vulnerability to cracking and deterioration has long been a challenge. However, the rise of  nano-technology  has sparked a revolution in the d...

  The global  automotive relay market  is projected to grow at a CAGR of 5.2%, increasing from US$18.1 billion in 2023 to US$25.8 billion by 2030. Automotive relays are crucial components in vehicles, regulating electrical circuits and controlling high-power devices like motors, fans, and lamps. As vehicles become more technologically advanced, the demand for reliable, efficient relays rises, particularly with the growth of electric vehicles, intelligent features, and connectivity. The market is also benefiting from the push for vehicle electrification and stricter safety standards, creating substantial opportunities for manufacturers in the coming years. The automotive relay industry is on the cusp of significant growth, driven by technological advancements, increasing demand for electric and autonomous vehicles, and the rising integration of sophisticated electronic systems in automobiles. With the global automotive relay market projected to reach US$25.8 billion by 203...

  The sodium borohydride market is projected to grow from USD 1.38 billion in 2024 to USD 2.1 billion by 2031, with a CAGR of 6.2%. Key drivers include its rising demand in pharmaceuticals, wastewater treatment, and eco-friendly industrial applications. The market will benefit from increased partnerships and collaborations, such as the October 2024 collaboration between IIT Delhi and the IEA to innovate clean energy technologies. North America, holding 28% of the market share in 2024, is expected to dominate due to strong pharmaceutical demand, while the powder type of sodium borohydride, making up 65% of the market, is favored for its adaptability. Additionally, the pulp and paper industry, which accounts for 36% of the market in 2024, relies on sodium borohydride as a bleaching agent, further propelling market growth. The  sodium borohydride market  is witnessing significant growth, driven primarily by the rising demand for reducing agents across various industries. Sod...

  The  U.S. wearables market  is projected to grow from US$16.81 billion in 2024 to US$33.49 billion by 2031, at a CAGR of 10.4%. Innovations in materials and the integration of health and wellness features, including advanced fitness tracking and biometric sensors, are driving this growth. The wrist-wear segment, which accounted for 48% of the market in 2023, is expected to continue leading with a CAGR of 11%, fueled by rising health consciousness. Additionally, the education sector will see the highest growth rate, with wearables supporting personalized learning and immersive AR/VR experiences. The market is also benefiting from advancements in augmented and virtual reality technologies, enabling new applications in sectors like aerospace and defense, where companies like Accenture and Airbus are leveraging wearables for enhanced productivity and efficiency. The U.S. wearables market is experiencing a remarkable surge, and the outlook for the next decade appears excepti...