IMARC Group, a leading market research company, has recently releases report titled “Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global material testing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the material testing market?The global material testing market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
What is material Testing?Material testing refers to the process of evaluating the properties and characteristics of numerous materials to determine their quality, strength, durability, and other crucial parameters. It involves subjecting the material to various mechanical, chemical, thermal, and electrical tests to analyze its behavior under different conditions and stresses. This procedure can also help identify the cause of the material failure or defects, such as cracks, corrosion, or deformation, which can have serious safety and economic implications. The data obtained through material testing is mainly used to improve product design and manufacturing processes and to develop new and better materials that meet specific requirements.
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What are the growth prospects and trends in the material testing industry?One of the primary factors driving the market is the increasing demand for high-quality and reliable materials in the automotive, aerospace, and construction industries. Furthermore, material testing helps ensure that materials fulfill the required standards and specifications and are safe for use in numerous products and structures. Additionally, the rising complexity of composite materials and electronic components is strengthening the need for specialized material testing equipment and solutions as these materials and products require advanced testing methods to assess their properties and characteristics accurately. Besides this, the growing emphasis on product safety and quality standards across various industries has catalyzed the demand for material testing. Moreover, governments and regulatory bodies of numerous countries are imposing strict regulations and standards to ensure the safety and reliability of products for consumer use. In line with this, the increasing adoption of automation and robotics in material testing has propelled market growth. Other than this, the integration of automation and robotics to improve the accuracy and speed of material testing, making it more efficient and cost-effective for companies, is also creating a positive market outlook.
What is included in market segmentation?The report has segmented the market into the following categories:
Breakup by Type:
Breakup by Material:
Breakup by End Use Industry:
Breakup by Region:
The report covers the major market players including:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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According to the latest report by IMARC Group, titled “Automated Fare Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global automated fare collection market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.4% during 2021-2026. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
The automatic fare collection (AFC) refers to a ticketing system used in public transport and enables the payment for a fare through vending machines and online services. It consists of depot/station computers, central clearing house, fare media, back-office systems, and devices to read/write media. AFC systems conduct reliable, integrated and accurate fare collection to maintain a smooth passenger flow at peak hours. They offer various benefits, including reduced fraud chances, decreased cash payments, low investment costs, and a seamless customer experience.
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Automated Fare Collection Market Trends:
The growing need for an integrated system for ticketing in public transport networks is primarily fueling the global AFC market growth. The increasing establishment of smart city projects across the globe is further escalating demand for efficient AFC systems. Besides this, the rising requirement for an interoperable fare management system in multi-operator public transports is driving the market growth. Moreover, the increasing utilization of contactless bank cards, particularly in developing nations, is creating a positive outlook for the AFC market.
Automated Fare Collection Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of component, system type, technology, application and region.
Breakup by Component:
Breakup by System Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
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Key highlights of the report:
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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According to the latest report by IMARC Group, titled “Body Armor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global body armor market is expected to exhibit a growth rate (CAGR) of 5.1% during 2023-2028.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
Body armor refers to the protective clothing worn by soldiers to safeguard themselves against penetrative threats on the battlefield. It is produced from various materials, such as aramid, steel, aluminum oxide, silicon, boron carbide, etc. Body armor is also used by law enforcement personnel as safety equipment from assaults and attacks involving shell fragments, knives, and high-velocity bullets. The key market players utilize advanced synthetic fibers to develop flexible, lightweight, and covert products for better wearer protection. As a result, body armor finds widespread applications in the defense, military, and civil sectors.
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Global Body Armor Industry Trends and Drivers:
The escalating demand for modern, high-tech, and lightweight protective gear by the military forces in combat environments, on account of the increasing defense budgets by security agencies across the globe, is primarily driving the body armor market. Besides this, the introduction of high-performance and reduced-weight bodysuits using ultra-high molecular weight polyethylene (UHMWPE) is also augmenting the market growth. Moreover, the inflating need for ceramic-based body armors to protect the heart against high-velocity rifle ammunition and in mental healthcare facilities to improve the safety of the workers from patient violence and aggression is catalyzing the global market. Apart from this, the growing popularity of bodysuits to safeguard individuals during car accidents is acting as another significant growth-inducing factor. Furthermore, the rising number of customization services offered by the leading manufacturers which combine advanced engineering with high-quality materials to produce state-of-the-art protective gear is expected to bolster the body armor market in the coming years.
Report Segmentation:
The market based on region, product type, type, level, material and application.
Breakup by Product Type:
Breakup by Type:
Breakup by Level:
Breakup by Material:
Breakup by Application:
Breakup by Region:
List of Major Major Key Players:
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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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According to the latest report by IMARC Group, titled “Body Armor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global body armor market is expected to exhibit a growth rate (CAGR) of 5.1% during 2023-2028.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
Body armor refers to the protective clothing worn by soldiers to safeguard themselves against penetrative threats on the battlefield. It is produced from various materials, such as aramid, steel, aluminum oxide, silicon, boron carbide, etc. Body armor is also used by law enforcement personnel as safety equipment from assaults and attacks involving shell fragments, knives, and high-velocity bullets. The key market players utilize advanced synthetic fibers to develop flexible, lightweight, and covert products for better wearer protection. As a result, body armor finds widespread applications in the defense, military, and civil sectors.
Request for a free sample copy of this report: https://www.imarcgroup.com/body-armor-market/requestsample
Global Body Armor Industry Trends and Drivers:
The escalating demand for modern, high-tech, and lightweight protective gear by the military forces in combat environments, on account of the increasing defense budgets by security agencies across the globe, is primarily driving the body armor market. Besides this, the introduction of high-performance and reduced-weight bodysuits using ultra-high molecular weight polyethylene (UHMWPE) is also augmenting the market growth. Moreover, the inflating need for ceramic-based body armors to protect the heart against high-velocity rifle ammunition and in mental healthcare facilities to improve the safety of the workers from patient violence and aggression is catalyzing the global market. Apart from this, the growing popularity of bodysuits to safeguard individuals during car accidents is acting as another significant growth-inducing factor. Furthermore, the rising number of customization services offered by the leading manufacturers which combine advanced engineering with high-quality materials to produce state-of-the-art protective gear is expected to bolster the body armor market in the coming years.
Report Segmentation:
The market based on region, product type, type, level, material and application.
Breakup by Product Type:
Breakup by Type:
Breakup by Level:
Breakup by Material:
Breakup by Application:
Breakup by Region:
List of Major Major Key Players:
Ask Analyst for Customization and Explore Full Report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=3551&flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
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According to the recent report by IMARC Group, titled "Bunker Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global bunker fuel market size reached US$ 150.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 216.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Industry Definition and Application:
Bunker fuel, or marine fuel, is a type of fuel used to power ships or maritime fleets. It is a heavy residual oil left over after the extraction of diesel, gasoline, and other light hydrocarbons from crude oil during the refining process. Bunker fuel has a characteristic odor and appears as a brown to black viscous liquid with high sulfur content. It is graded as A, B, or C, with C being the thickest and most viscous fuel that requires blending or heating to make the fluid flow easily. If 10 percent of light fuel is mixed with bunker fuel, it becomes an economical fuel substitute for shipping. At present, bunker fuel is mainly used in ships and marine vessels engaged in international navigation.
Bunker Fuel Market Trends and Drivers:
The global bunker fuel market is primarily driven by rising demand for the ship transportation industry. Moreover, the surging adoption of bunker fuel as an attractive, cost-effective option for the marine and shipping industry due to the shifting preferences of several ship operators toward fuel oil with the lowest price is positively influencing the market growth. Additionally, the escalating demand for LNG in the transportation sector, as it is a cleaner and more affordable energy source than conventional sources, has catalyzed market growth. Furthermore, several favorable initiatives by governments of numerous countries to strengthen geographical border security are contributing to the market growth. Other factors, including rising investments in research and development (R&D) activities to develop clean fuels, escalating demand for international seaborne trade, and rapid globalization, are also anticipated to drive the market further.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Fuel Type:
Breakup by Vessel Type:
Breakup by Seller:
Competitive Landscape with Key Player:
Breakup by Region:
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
Email: [email protected]
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Address: 134 N 4th St. Brooklyn, NY 11249, USA
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According to the latest report by IMARC Group, titled “Eubiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global eubiotics market is expected to exhibit a CAGR of 7.41% during 2022-2027.
Eubiotics are additives that enhance the nutritional value of the animal feed and improve the overall health of livestock, poultry, swine, and aquatic animals. They comprise prebiotics, probiotics, essential oils, and organic acids that increase nutrient absorption, immunity, and the overall functioning of the body parts. They are essential for hormonal, immunologic, and metabolic homeostasis and maintaining a healthy balance of microbiota in the gastrointestinal tract.
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Global Eubiotics Market Trends:
Increasing livestock farming, along with the rising need for better nutrition and proteins among animals, represents one of the major factors bolstering the market growth. Besides this, as eubiotics are employed as an alternative for antibiotic growth promoters (AGPs), the increasing awareness among individuals about feed quality and safety is propelling the market growth. Furthermore, enhanced microbiological solutions to develop novel product variants with easy digestibility and targeted results are offering lucrative growth opportunities to market players. Moreover, increasing domestication of animals as pets, especially dogs, cats, and cows, is driving the market.
Eubiotics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of product, form, application, end use and region.
Breakup by Product:
Breakup by Form:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
Key highlights of the report:
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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
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Linkedin: https://www.linkedin.com/company/imarc-group
According to the latest report by IMARC Group, titled “Fitness App Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global fitness app market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 26.9% during 2023-2028.
Fitness App Industry Definition and Application:
Fitness apps are installed on smartphones, tablets, or laptops to provide information about various exercises, physical activities, and nutritional programs. They comprise various features, such as calorie and step counts, heart rate trackers, diet charts, and advice from personal trainers. They assist in maintaining a healthy lifestyle, analyzing daily physical activities, suggesting required workout plans, and connecting with nutritionists and trainers. They also aid in reducing stress and anxiety by providing personalized meditation and yoga tutorials. They enable the user to communicate with other individuals or groups with similar fitness goals through fitness challenges.
Additionally, fitness apps keep track of menstrual cycles by analyzing the ovulation period of female users. Besides this, they offer various fitness and healthy lifestyle-related information, trending diet habits, weight-loss recipes, and workout regime. In addition, they provide all the information and guidance about home workouts and lifestyle maintenance, along with realistic diet charts to fulfill fitness goals. They also suggest beginner and expert-level training programs without involving any exercise equipment. Apart from this, as they can be connected to smart bands for managing various health complications by tracking heart rate, blood pressure levels, glucose levels, sleep cycles, and oxygen levels, the utilization of fitness apps is growing around the world.
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Global Fitness App Market Trends and Drivers:
At present, the rising demand for fitness apps due to the increasing health consciousness among the masses worldwide represents one of the key factors driving the market. Besides this, there is an increase in the incidences of various diseases, such as diabetes, obesity, and arthritis, due to the growing sedentary lifestyles. This, combined with people's hectic work schedules all over the world, is currently favourably influencing the industry. In addition, the increasing utilization of smartphones and wearable devices across the globe is propelling the growth of the market. Furthermore, key market players operating in the industry are extensively investing in research and development (R&D) activities to integrate artificial intelligence (AI) and advanced machine learning (ML) for enhancing the features of the apps and improving the user experience, which is expected to bolster the growth of the market.
Additionally, the increasing number of fitness clubs and gyms on account of the growing adoption of healthy lifestyle habits is offering a favorable market outlook. Apart from this, fitness apps provide customization on diet and fitness plans while enabling the user to stay motivated and work out remotely, which is impelling the growth of the market.
Fitness App Market Segmentation:
The report has segmented the market on based on region, type, platform, and device.
Breakup by Type:
Breakup by Platform:
Breakup by Device:
Breakup by Region:
Competitive Landscape:
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
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According to the latest report by IMARC Group, titled “Atherectomy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global atherectomy devices market size reached US$ 877 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,202 Million by 2027, exhibiting a growth rate (CAGR) of 5.2% during 2022-2027.
Atherectomy devices refer to numerous minimally-invasive (MI) instruments utilized for peripheral vascular intervention procedures. The devices re-establish blood flow in the arteries through drilling, grinding, sanding, shaving, and vaporizing plaque, calcifying lesions, and excessive cellular materials. Atherectomy devices comprise of a rotating blade inside a tubular catheter attached to a battery-operated motor that spins the cutter and removes the calcified lesion or plaque. Few most commonly used atherectomy devices are direction, orbital, photo-ablative, rotational, and support atherectomy devices. They are widely adopted across hospitals, surgical centers, and ambulatory care facilities.
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Market Trends:
The rising incidences of peripheral artery disease (PAD), atherosclerosis, diabetes, obesity, etc., along with the increasing geriatric population are primarily driving the need for atherectomy devices. Moreover, the growing preferences towards minimally-invasive atherectomy surgical procedures with reduced pain and faster recovery rate are also propelling the market growth. Additionally, several product innovations, such as drug-coated balloons (DCB) that are used in place of permanent implants with directional atherectomy and anti-restenosis therapy (DAART),will continue to drive the market for atherectomy devices in the coming years.
Global Atherectomy Devices Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
The report has segmented the market on the basis on region, product, application and end user.
Breakup by Product:
Breakup by Application:
Breakup by End User:
Breakup by Region:
Key highlights of the report:
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2766&flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
According to the latest report by IMARC Group, titled, “Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global aluminium market is expected to exhibit a growth rate (CAGR) of 5.4% during 2023-2028.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
Aluminium (Al) is a lightweight, non-ferrous metal with a silvery-white appearance. It is extracted through the Bayer process, where bauxite ore is refined to obtain Al oxide, which is then smelted using the Hall-Heroult method to get pure Al. It offers excellent strength, durability, flexibility, malleability, and resistance to corrosion and oxidation. It also boasts superior reflectivity and high electrical and thermal conductivity. It is used in various applications due to its ability to form compounds with other elements. As a result, aluminium finds extensive applications in the production of automobiles, smartphones, tablets, personal computers (PCs), refrigerators, and other electronic devices across the globe.
Aluminium Market Trends:
The global aluminium market is primarily driven by increasing product utilization in the food and beverage sector to manufacture packaging containers due to its non-toxic nature, extended food preservation, and anti-microbial properties. Moreover, rising product utilization in modern vehicle production for manufacturing wheels, engines, chassis, and other parts has led to better fuel economy, efficiency, and lightweight, thereby positively influencing the market growth. Furthermore, the increasing use of aluminum in the construction industry for producing windows, curtain walls, roofing and cladding, solar shading, solar panels, railings, shelves, and other temporary structures are contributing to the market growth. Other factors, including rising demand for ready-to-eat (RTE) foods, emerging pharmaceutical packaging applications, expanding consumer electronics sales, and surging construction activities, are also anticipated to create a positive market outlook.
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Aluminium Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
The report has segmented the market on the basis on series, processing method and end use industry.
Breakup by Series:
Breakup by Processing Method:
Breakup by End Use Industry:
Breakup by Region:
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
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According to the latest report by IMARC Group, titled, “Microfluidics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global microfluidics market size reached US$ 20.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.4 Billion by 2027, exhibiting a CAGR of 16.47% during 2022-2027.
Microfluidics refers to the technology that relies on a set of tools or systems to manipulate small volumes of fluids and control chemical, physical, and biological processes. It can be integrated with electronic and optical elements for the construction of operational sensors utilizing lithographic techniques. Microfluidics is widely utilized in biomedical applications, including tissue engineering and wound healing. Presently, various advanced fabrication technologies, like two-photon polymerization (2PP), help in fabricating miniature microfluidic components, such as microneedles, microfilters, micromixers, etc. These components offer numerous benefits, including unique three-dimensional (3D) capabilities, extreme resolution, sufficient versatility, etc.
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Microfluidics Market Trends and Drivers:
The sudden outbreak of the COVID-19 pandemic is primarily driving the microfluidics market by catalyzing the demand for detection approaches based on this technology, which can aid in developing rapid, effective, and easy-to-use clinical detection techniques. Moreover, microfluidics has several advantages, such as high sensitivity, specificity, controlled fluid handling, low volume sampling, etc., which are augmenting the global market. Aside from that, the increasing prevalence of acute and chronic diseases across countries is driving up product demand.
Additionally, the increasing adoption of microfluidics for blood analysis and Point-of-Care (POC) testing of cancer and infectious diseases is acting as another growth-inducing factor. Apart from this, the expanding popularity of nanofibers in tissue engineering and regenerative medicine is propelling the market growth since microfluidics enables the custom-made fabrication of nanofibers in a broad range of materials and morphologies. This, in turn, is anticipated to fuel the global microfluidics market over the forecasted period.
Microfluidics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis on material, component, and application.
Breakup by Material:
Breakup by Component:
Breakup by Application:
Breakup by Region:
Key highlights of the report:
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