The global machine tool market is forecasted to reach US$67.9 billion in 2024, growing at a CAGR of 6.06% for the period spanning 2020-2024. The factors such as accelerating industrialization, increasing shipments of 5G smartphones, rapid urbanization, increasing electric vehicle deployment and improving consumer confidence are expected to drive the market. However, growth of the industry would ..
The global power tools market is estimated to reach US$57.4 billion in 2024, growing at a CAGR of 5.18% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, growing urban population, growing spending on construction and infrastructure projects, growing adoption of cordless power tools, growing automotive industry and rising remodeling and renov ..
The global copper foil market is estimated to reach US$15.24 billion in 2024, growing at a CAGR of 10.78% for the period spanning 2020-2024. The growth of the market has been driven by a rising demand for consumer electronics, rising urbanization, surge in automotive production, growing adoption of electric vehicles and accelerating economic growth. Some of the noteworthy trends of the market i ..
The global refractories market value is forecasted to reach US$56.7 billion in 2023, growing at a CAGR of 3.5%, for the period spanning from 2018 to 2023. The factors such as rising demand for electric arc furnace steel, accelerating e ..
The global silicon carbide market is expected to reach US$3.07 billion in 2023, growing at a CAGR of 25.44%, for the duration spanning 2019-2023. The factors, such as, escalating production of automobiles, accelerating dem ..
The global abrasive market is expected to reach US$51.36 billion in 2023, increasing at a CAGR of 4.16%, for the duration of 2019-2023. The factors, such as, escalating production of automobiles, increasing construction ex ..
The global nickel production volume is projected to reach 2,507 kilo tonnes in 2023, growing at a CAGR of 2.3%, for the period spanning from 2019 to 2023. The factors such as upsurge in energy storage system (ESS), increasing electric ..
In the recent years, potash has become the most profitable sub-segment of the fertilizer industry. The rising natural m ..
Copper is one of the basic chemical elements. In its pure state, copper is a reddish-orange metal known for its high thermal and electrical conductivity. It is commonly used to produce a wide variety of ..
Graphite Electrode is a high value, needle coke based raw material primarily used in the electric arc furnaces (EAF) & blast oxygen furnace (BOF) for steelmaking, mine electric furnace for smelting ferrous alloys and e ..