Blogger Veritas

Structural Steel Market  The structural steel market consists of structural steel angles, beams, channels, pipes, plates and fasteners that are used in load-bearing structures, particularly in building construction. Structural steel provides various advantages such as durability, speed of construction and ability to withstand tension, compression and shear forces. There is a growing need for structural steel components in infrastructure projects, commercial buildings and housing constructions. The global structural steel market is estimated to be valued at US$ 94.93 billion in 2024 and is expected to exhibit a CAGR of 9.6%  over the forecast period of 2024 to 2030. Key Takeaways Key players operating in the structural steel market are Johnson & Johnson, Bayer AG, GlaxoSmithKline Plc, Baby Foot, Sanofi S.A., Grace & Stella Co., PediFix Inc., Alba Botanica, Tony Moly Co. Ltd., Aveeno, Bio-Oil, Dr Teal€TMs, Bath & Body Works, The Body Shop, Nivea, O'keeffe's, L...

Silver Oxide Battery Market The silver oxide battery market has been gaining significant traction over the past few years, owing to the increasing demand for miniature power sources from various IoT devices and wearable electronics. Silver oxide batteries are primar batteries that have high energy density and deliver long shelf life. They provide stable voltage and are ideal for powering small electronic devices that require stable voltage for prolonged duration. Most IoT sensors and wearable devices operate on button cell batteries for years without needing replacement and silver oxide batteries are well-suited to fulfill this need. The global silver oxide battery market size is estimated to be valued at US$ 22 Mn  in 2024 and is expected to exhibit a CAGR of 4.0%  over the forecast period of 2024 to 2030. Key Takeaways Key players operating in the silver oxide battery market are Toshiba Electronic Devices & Storage Corporation (Toshiba Corp.), Hitachi Power Semicond...

Aluminum Extrusion Market Aluminum extrusions are long, thin pieces of aluminum produced through a process called extrusion. Extruding allows the shaping of aluminum into various profiles and designs that can be anodized or painted. Aluminum extrusions offer advantages of corrosion resistance, high strength-to-weight ratio, and moderate costs compared to other metals. The increasing use of aluminum extrusions in the construction, automotive, and machinery industries is driving the growth of the aluminum extrusion market. The global aluminum extrusion market is expected to be valued at US$ 126.72 Mn  in 2024 and is expected to exhibit a CAGR of 5.2%  over the forecast period 2024 to 2030. Market Drivers and Restraint The key driver for the aluminum extrusion market is the increasing use of extruded aluminum in the construction industry. Extruded aluminum is used extensively in building facades, window frames, doors, and curtain walls owing to qualities like corrosion resis...

Zinc Dust Market Zinc dust acts as a rust preventative for steel and provides protection against corrosion when applied in coatings and primers. Zinc dust market has wide applications in automotive coatings, construction, metal working, and other end-use industries. It protects metals from oxidation and reduces the need for repairs and maintenance, leading to cost savings. The global Zinc Dust Market is estimated to be valued at US$ 425.27 Bn  in 2024 and is expected to exhibit a CAGR of 9.0%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from end-use industries is expected to drive the growth of the zinc dust market during the forecast period. Zinc dust finds wide applications for corrosion protection in various industries such as automotive, construction, metal working, and others. According to the International Lead and Zinc Study Group's estimates, the consumption ...

Aluminum Casting Market Aluminum casting entails pouring molten aluminum into molds to craft diverse products with precise dimensions and superior surface finish. The aluminum casting market thrives on the escalating demand for lightweight, fuel-efficient vehicles in the automotive sector. Additionally, robust growth in the construction and aerospace industries further propels market expansion. The versatility of aluminum casting across applications like engine parts, wheels, and transmission cases further augments market growth. Market Dynamics: The Aluminum Casting Market is chiefly propelled by two pivotal factors. Firstly, the escalating integration of aluminum castings in the automotive sector propels market expansion. These castings offer benefits such as lightweight, corrosion resistance, and a high strength-to-weight ratio, making them ideal for vehicle applications. The surge in electric vehicle adoption and stringent emission regulations additionally bolster aluminum casting...

Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers ...

South Africa Formwork Market  Formwork systems play a crucial role in the construction of concrete structures like buildings, bridges, and industrial buildings. Formwork provides an enclosure to hold wet concrete in place until it is hardened and self-supporting. The increasing construction of residential and commercial buildings in South Africa is driving the demand for formwork. The government's initiatives to develop infrastructure are also propelling the growth of the construction industry. The global South Africa Formwork Market is estimated to be valued at US$ 322.6 billion in 2024 and is expected to exhibit a CAGR of 8.4%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing construction industry in South Africa is one of the major trends bolstering the growth of the formwork market in the region. Large-scale infrastructure projects unfolding across South Africa, such as roa...

Engineering Plastics Market  The expansion of the automotive industry is a significant driver for the engineering plastics market. These synthetic materials offer superior engineering and technological properties compared to traditional plastics and metals. Key attributes include corrosion resistance, fatigue resistance, favorable strength-to-weight ratio, dimensional stability under heat, and precision molding capability. Engineering plastics find applications in various sectors such as automotive components, electrical appliances, consumer durables, industrial equipment, and construction materials. According to a report by Coherent Market Insights, the global engineering plastics market is estimated to be valued at US$ 130.68 B n in 2023 and is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2030. One prominent trend driving this market is the robust growth of the global automotive industry. The demand for engineering plastics has surged in aut...

Perilla Extract Market  P erilla extract is obtained from perilla leaves through extraction processes. It contains high concentrations of antioxidants like rosmarinic acid and anthocyanins that help reduce oxidative stress. Perilla extract finds applications in pharmaceuticals, food & beverages, and personal care industries due to its anti-inflammatory and neuroprotective properties. The global Perilla Extract Market is estimated to be valued at US$ 1.33 Bn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends One of the primary factors fueling the growth of the perilla extract market is increasing awareness about its health benefits. Perilla extract is rich in antioxidants that help scavenge free radicals and reduce oxidative stress in the body. It also contains high concentrations of rosmarinic acid that exhibits anti-inflammatory and neuroprotectiv...

  Thermoplastic Polyurethane (TPU) Films Market Thermoplastic polyurethane (TPU) films are finding extensive usage in varied applications such as footwear, automotive, sports and outdoor goods due to their properties like high elasticity, abrasion resistance and moisture resistance. TPU films are used in footwear as a lightweight and durable alternative to leather material. The global TPU films market demand is driven by the need for flexible, durable and moisture proof films in footwear industry. The global Thermoplastic Polyurethane (TPU) Films Market is estimated to be valued at US$ 543.97 Mn  in 2024 and is expected to exhibit a CAGR of 6.2%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing popularity of athletic and casual footwear is boosting the demand for TPU films in footwear industry. According to various market reports, the global footwear market value reached appr...

Conformal Coatings Market Conformal coatings offer protective barrier against moisture, dust, chemicals and abrasion, effectively protecting printed circuit boards and electronic components from various environmental factors. Conformal coatings find wide application in automotive, aerospace, defense, telecommunications and consumer electronics industries owing to their insulating and waterproofing properties. The growing demand for electronics from automotive and consumer durables has augmented the growth of conformal coatings market. The global Conformal Coatings Market is estimated to be valued at US$ 2.05 billion in 2023 and is expected to exhibit a CAGR of 3.3%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The accelerated demand from the automotive and electronics industries has been a key growth driver for the conformal coatings market. With the advent of hybrid and electric vehicles, there...

Cellulose Plastics Market Cellulose plastics are gaining popularity as renewable and biodegradable substitutes for conventional plastics such as polyethylene and polypropylene. Cellulose plastics are derived from renewable biomass sources like wood and agricultural residues and offer advantages such as breakdown into organic matter and water when left in compost or soil. Their biodegradable nature has led to increasing adoption in packaging, textiles and 3D printing applications. The global Cellulose Plastics Market is estimated to be valued at US$ 819.69 Mn  in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends Growing awareness about environmental protection and sustainability among consumers and regulatory push for green alternatives to plastics are driving the demand for biodegradable and eco-friendly cellulose plastics. Cellulose plastics can reduce l...

Engineering Plastics Market   Engineering plastics are synthetic materials that exhibit superior strength, durability and toughness compared to commodity plastics. Engineering plastics are primarily used in high strength applications like automotive components, electrical & electronics and construction. The excellent balance of properties like impact resistance, flame retardancy and dimensional stability meets the stringent demands of these industries. The global Engineering Plastics Market is estimated to be valued at US$ 130.68 Bn in  2023 and is expected to exhibit a CAGR of 7.2%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from the automotive industry has been a key trend driving the growth of the engineering plastics market. Automakers are continuously striving to make vehicles lighter while maintaining safety and performance standards. Engineering pla...

In-Mold Label Market In-mold labels (IML) provide product decoration, protection, and branding on containers and packages. IML offers cost-effective solution for on-demand printing and branding needs. IML eliminates additional glue or adhesive required for sticking labels post-molding. The technology safely embeds printed graphics and information into plastic containers during the injection-molding process. The global In-Mold Label Market is estimated to be valued at US$ 4.44 Bn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends The increasing demand from food & beverage and personal care industry has been a key growth driver for the IML market. IMLs provide versatility of printing variable information at the time of production allowing manufacturers to meet consumer specific and seasonal demand. IML technology allows on-shelf branding and aesthetic a...

Hydrophobic Coatings Market,  Hydrophobic coatings have a wide range of applications in medical devices due to their anti-fouling, anti-microbial and self-cleaning properties. These coatings find usage in implantable medical devices, instruments, containers and labware to prevent adhesion of microbes, proteins and other biomolecules. The global Hydrophobic Coatings Market is estimated to be valued at US$ 1.2 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing usage in medical devices is one of the key trends driving the growth of the hydrophobic coatings market. Hydrophobic properties prevent bacterial adhesion on medical instruments and implants, thereby reducing infection risks. They also allow easy cleaning of surfaces. With the rising healthcare expenditure and growing chronic disease prevalence, demand for various medical devices is sur...