Market Research News24

The total size of baby diapers market was about $65 billion in 2021, and it will touch a value of around $98 billion by 2030 , growing at a rate of approximately 5% in the years to come.  The increasing consciousness with regards to personal hygiene, growing population, rising population of working women, and introduction of biodegradable diapers play a major role in industrial growth. Disposable diapers were the most demanded in the past with over 64%, because of the growth in the number of newborns and rising income in emerging economies.  The offline category had a share of over 70% in the recent past. The growing preference of manufacturers for offline stores for distributing their products and the higher profits these stores offer because of their acceptance among clientele drives product sales through traditional physical establishments.  The easy obtainability of products, together with the huge store count, are other factors supporting sales of diapers with the he...

The seasonings and spices market will touch at a value of USD 56,796 million by 2030 , powering at a rate of 5.4% by the end of this decade. This has a lot to do with the growing consciousness of people about medical aids of spices, the growing requirement for ethnic cuisines, and the increasing acceptance of convenience foods. The whole category had the larger share, of 52%, in 2022. Whole seasonings and spices provide the expediency of processing, from both the residential and industrial perspective. Because of this factor, their requirement is rising across diverse end users, such as food service, industrial, and retail sectors.  Sesame is demanded highly, because of the high consumption of sesame in Asian nations and the rising use of sesame seeds in Mediterranean cooking. Vitamins, proteins, minerals, and antioxidants are all ample in sesame seeds. To provide a nutty flavor and crunchy texture to some recipes, they are often added. The ground category will grow at a higher rat...

In 2021, the cryogenic pump market size stood at USD 1,407.6 million, which is projected to witness a 3.1% CAGR during 2021–2030, reaching USD 1,860.1 million by 2030 .  P&S Intelligence majorly credits this growth to the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector. Along with, the surge in expenditure throughout the energy generation industry armed with the shift toward energy production from renewable and natural gas resources to reduce carbon emission. The nitrogen category is all set to experience the fastest growth rate of pproximately 3%, in the near future. This can be owed to the extensive utilization of nitrogen gas for the maintenance of plants, and start-up and shutdown provisions of refineries and petrochemical companies. Thus, the increasing utilization of nitrogen gas in numerous industries, including metallurgy, healthcare, and oil and gas, is escalating the acceptance of cryogenic pumps for capturing the gas and its...

The triazine market will grow at a compound annual growth rate of 5.6% by the end of this decade, to reach a value of USD 814.55 million . The development of the triazine sector is powered by the rapid development in the oil and gas sector and healthcare industries. The growing necessity for 1,3,5-triazine-based derivatives for scavenging procedures in the oil & gas sector in addition to their increasing consumption for manufacture of pesticides, is propelling the growth of the industry. MEA was the most consumed in the past all over the globe, and it will continue to grow in the years to come. It is extensively used in the oil & gas sector as a H2S mercaptan and scavenger in hydrogen streams.  With the development of the oil & gas industry, reflected in the increase in examination & construction activities, the category will further grow. Moreover, the increasing requirement for effective rust guard in the pipelines and tanks of storage, apart from plummeting the r...

The overall size of the market for wave energy converters in 2022 was USD 21.08 million, and by 2030 it is estimated to reach USD 30.44 million; progressing at a rate of 4.70% from 2022 to 2030. The growing need for energy from renewable sources and their low emissions of carbon dioxide can be attributed to this. Moreover, the market is expected to grow due to increasing access to power from ocean waves and an increase in research and development activities. In the coming few years, the oscillating water column category, based on technology, is projected to experience the highest CAGR, of 5.4%. This can be ascribed to several factors, such as the enhanced lifetime of the material, low maintenance, and easy access near the shores. It is more convenient to build and design through a Wells turbine with the utilization of the natural flow of wind energy, which, indeed, does not release any greenhouse gases, making it a non-polluting and renewable resource of energy. In 2022, Europe was th...