The US pet market is anticipated to reach US$127.87 billion in 2025, experiencing growth at a CAGR of 3.50% during the period spanning from 2021 to 2025. The market growth was driven by various factors such as rise in millennial population, growing adoption of e-commerce in pet care products and increasing share of single-person households. Furthermore, growth in the US pet market is expected t ..
The global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025. The factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market. However, ..
The global silver demand is expected to reach 1,155 million ounces in 2025, growing at a CAGR of 2.98%, for the time period of 2021-2025. While the silver supply is likely to be recorded as 1,062 million ounces in 2025, increasing at a CAGR of 1.26%, during 2021-2025. The factors such as rising sales of jewellery & silverware, growing demand for solar photovoltaic, rising use of silver oxid ..
The global pet food market value is forecasted to reach US$118.83 billion in 2025, growing at a CAGR of 5.4%, for the period spanning from 2021 to 2025.
Factors such as inclining pet ownership, rapid urbanization, improving consumer confidence index, pet humanization and growing popularity of raw pet food are expected to drive the market growth. However, growth of the industry would ..
The global hydrogen market is expected to record a value of US$184.10 billion in 2025, progressing at a CAGR of 6.09% for the period spanning 2021-2025. The market experienced growth accruing to several factors such as rising consumption of agricultural fertilizers, escalating demand in metallurgical industries, mounting concerns regarding carbon emissions worldwide, surging demand for electric ..
The global ammonia market is expected to record a value of US$74.61 billion, growing at a CAGR of 5.59%, for the time period of 2021-2025. The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing demand for semiconductor would drive the growth of th ..
The global polyethylene market inclined to US$169.27 billion in 2025, growing at a CAGR of 4.87% during the period spanning 2021-2025. The market experienced growth accruing to several factors such as upsurge in e-commerce sales, growing demand for plastic bags & sacks and increasing demand for packaged food. Growing cultivation of cannabis and increasing demand for plastic films is expecte ..
The global synthetic fibres market is expected to reach US$85.07 billion in 2025, progressing at a CAGR of 7.39%, over the period 2021-2025. Growth in the synthetic fibres market has accrued due to the growing population, surging number of fitness clubs, accelerating demand for clothing and apparel, expanding urbanization and rising e-commerce penetration. The market is anticipated to experienc ..
China’s household care market is forecasted to reach US$26.96 billion in 2025, representing growth at a CAGR of 8.42% for the period spanning from 2021-2025. The factors such as rapid urbanization, increasing personal disposable income, improvement in consumer confidence, changing lifestyle habits and growing preference of personalized soaps are expected to drive the market. However, gro ..
The German IT market is expected to record a value of US$129.0 billion in 2025, growing at a CAGR of 3.09%, for the time period of 2021-2025. The factors such as growth in cloud computing services, upsurge in information and communication technology (ICT) security, escalating demand for big data, growing penetration of internet, growth in number software and IT services companies and rapid urba ..