Market research report

  Intelligent Electronic Devices Market Size was valued at USD 9.704 Billion in 2023. The Intelligent Electronic Devices industry is projected to grow from USD 10.581 Billion in 2024 to USD 19.393 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.87% during the forecast period (2024 - 2032). The increased need for substation automation solutions in renewable energy projects and the growing need for retrofitting conventional substations are the key market drivers enhancing the market growth. The market for intelligent electronic devices is greatly influenced by the growing need for smart grids. The increasing need for intelligent electronics in the smart grid sector is evident in the increasing number of projects undertaken. Recent Development •             In August 2023, STMicroelectronics has launched new products named 45W and 150W MasterGaN Devices. The devices are designed for High-Efficiency Pow...

 The global bioreactors market size is projected to grow at a CAGR of 6.8%. The increase in adoption of single-use technologies, use of hybrid technologies: single-use and stainless steel, growing popularity of single-use bioreactor among biopharmaceutical companies, and growing biologics are spurring the growth of the bioreactors market. However, regulatory concerns related to single-use bioreactors, issues regarding leachable and extractable related to single-use bags is hampering the growth of this market. A bioreactor is a device that provides a controlled environment for organisms such as animal cells, mammalian cells, yeast cells, and bacteria to grow. They are used in the production of pharmaceuticals such as monoclonal antibodies and vaccines Recent Developments •            October’22: Getinge AB declared that its bioreactors will aid the Dutch government's effort to generate animal products like meat and milk p...

 The global green steel market size was valued at USD 2.62 billion in 2023 and is projected to grow from USD 3.75 billion in 2024 to USD 129.08 billion by 2032, exhibiting a CAGR of 55.6% during the forecast period. North America dominated the green steel market with a market share of 58.02% in 2023. Essentially, the steel produced without using any fossil fuel is called green steel. It is produced through a process that does not emit any greenhouse gases and is carbon neutral. Steel production's main carbon emission occurs during the reduction of iron ore in blast furnaces. In the current scenario, coal is a primary energy source to fuel these furnaces. As per the World Steel Association, the steel industry accounts for nearly 9% of global CO2 emissions, and in China, it accounts for about 15% of national emissions. Thus, it triggers the call for action and creates a necessity for sustainable solutions. Recent Developments •        ...

  The global carbon capture and storage market size was estimated at USD 3.68 billion in 2024 and is projected to reach USD 5.61 billion by 2030, growing at a CAGR of 7.4% from 2025 to 2030. Increasing carbon emissions across the world and surging concerns regarding the detrimental effects of carbon emissions on the environment have prompted the global adoption of carbon capture and storage technology, thereby leading to the growth of the industry. Increasing concerns regarding the detrimental effects of carbon emissions on the environment have prompted the adoption of carbon capture and storage technology. Various governments are encouraging the implementation of the CCS technology through pilot projects across various industries. This is attributed to the ability of the carbon capture and storage technology to serve as a large-scale solution for achieving high CO2 emission reduction targets and climate control goals. Recent Developments •      ...

 The global fertilizer additives market size was estimated at USD 3,729.39 million in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2030. The market is driven by the growing demand for fertilizers. Shrinking arable land coupled with a rising global population has facilitated the adoption of practices that minimize waste and enhance agricultural productivity. Fertilizer additives refer to chemicals that are added to fertilizers to improve their function or to make structural modifications. Changing agricultural practices and awareness regarding the quality & quantity of fertilizers are likely to fuel the utilization of additives in the coming years. Recent Developments •            Oct’22 - OCP Group agreed to buy 50% of Universal Feed SL by Fertinagro Biotech SL. •            Jan’21 - Phospholutions, a Pennsylvania-based firm, has acquired USD 10...

  Global aluminum nitride ceramics market size was valued at USD 433.5 million in 2023 and is projected to reach USD 645.37 million by 2031, with a CAGR of 5.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. The aluminum nitride ceramics market is experiencing significant growth, driven by increasing demand across various industries such as electronics, automotive, and aerospace. This growth is attributed to the superior thermal conductivity, electrical insulation, and mechanical strength of aluminum nitride ceramics, which make them ideal for high...

  The global hydrogen electrolyzer market size was estimated at USD 517.80 million in 2023 and is projected to reach USD 63.72 billion by 2030, growing at a CAGR of 98.1% from 2024 to 2030. This market stands at the forefront of a monumental shift towards sustainable energy solutions. Recent Development •             In January 2022 Logan Energy in Edinburgh and Green Hydrogen Systems have a contract for the delivery of electrolysis equipment for a project in England. As part of ambitions to create a local hydrogen economy in Dorset, England, the electrolytic systems will be installed in a 40-foot container as a fully functional green hydrogen factory. Logan Energy runs these systems, which are made by Green Hydrogen Systems. The purchase includes two GHS Provide A90 systems with a combined capacity of 0.9 MW for the production of green hydrogen using renewable energy. •         ...

  The global industrial furnace market was estimated at USD 12.16 billion in 2024 and is projected to grow at a CAGR of 4.5% over the forecast period from 2025 to 2030. The global industrial furnace industry is experiencing growth due to several factors, including the increasing demand for energy-efficient solutions and the rise of industrialization in developing countries. The market benefits from the expansion of the renewable energy sector and the growing need for furnaces capable of handling diverse materials and processes. Technological advancements, including the development of more energy-efficient furnace designs and the integration of automation in industrial processes, are significantly driving market growth. Moreover, the rising demand for customized, high-performance furnaces tailored to specific industry requirements is further accelerating the expansion of the market. Recent Development •             In Jul...

  The global sodium-ion battery market size was estimated at USD 321.75 million in 2023 and is expected to grow at a CAGR of 16.3% from 2024 to 2030. The global market is experiencing significant growth and is poised for further expansion in the coming years. One of the primary drivers of this growth is the increasing demand for sustainable energy storage solutions. With the global shift towards renewable energy sources, such as solar and wind power, there is a pressing need for efficient and reliable energy storage systems, and sodium ion batteries offer a promising solution. Their cost-effectiveness compared to traditional lithium-ion batteries, driven by the abundance of sodium resources, makes them particularly attractive for large-scale energy storage applications. Recent Development •             In January 2022, Reliance Industries announced that its subsidiary Reliance New Energy Solar Limited has reached an agreem...

  The global waste-derived pyrolysis oil market size was approximately USD 300 million in 2023 and is projected to reach around USD 650 million by 2032, reflecting a robust CAGR of approximately 9%. This growth is driven by an increasing emphasis on sustainable waste management solutions and an urgent need to reduce environmental pollution through innovative recycling technologies. Pyrolysis oil, which is derived from waste materials such as plastics, tires, and biomass, offers a promising alternative for traditional fossil fuels in a variety of industrial applications, including fuel, chemical feedstock, and energy generation. As environmental regulations tighten and awareness of circular economies grows, the demand for waste-derived pyrolysis oil is expected to expand significantly over the forecast period. One of the key factors propelling the growth of the waste-derived pyrolysis oil market is the rising environmental consciousness and regulatory pressure to reduce landfill ...

  The global stretch films market is worth USD 3.2 billion in 2025 and is poised to expand to USD 4.4 billion by 2035, which shows a CAGR of 3.1%. This growth is primarily driven by the increasing demand for stretch films in various industries, particularly in packaging, where they are used to secure and protect goods during transportation and storage. The rise of e-commerce and retail activities, coupled with the need for efficient and cost-effective packaging solutions, is expected to significantly propel the demand for stretch films in the coming years. Stretch films provide excellent load stability, resistance to moisture, and protection from dust and contaminants, which contributes to their widespread adoption across key sectors. Recent Development •             In September 2021, Clysar announced Clysar EVO-C Hidden Shrink Film at PACK EXPO in Las Vegas as part of a line of recycled film previously approved for in-...

  The global refractories market size was valued at USD 35.98 billion in 2024. The market is projected to grow from USD 37.88 billion in 2025 to USD 57.29 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period. Asia Pacific dominated the refractories market with a market share of 65.7% in 2024. Moreover, the refractories market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 5.18 billion by 2032, driven by the rising demand from the cement & concrete industry for applications in kilns and furnaces. Refractory products are technically enhanced ceramic materials that withstand extreme temperatures, chemical corrosion, and heavy thermal and mechanical abrasion. They play an important yet often overlooked role in the daily operations of almost every industry by providing mechanical strength, protection from corrosion, and thermal insulation. To develop key manufacturing processes, these products have been essential for vario...

 The PP Synthetic Paper Market Size was estimated at 1.54 (USD Billion) in 2024.The PP Synthetic Paper Industry is expected to grow from 1.65(USD Billion) in 2024 to 3.06 (USD Billion) by 2034. The PP Synthetic Paper Market CAGR (growth rate) is expected to be around 7.1% during the forecast period (2025 – 2035). The PP Synthetic Paper Market is experiencing notable expansion driven by several key factors. The growing emphasis on sustainability and eco-friendly materials has led businesses to seek alternatives to traditional paper, which often contributes to deforestation and waste. Synthetic paper, made from polypropylene, is increasingly favored for its durability, resistance to water, and versatility. Additionally, the rising demand for label and packaging solutions across various industries boosts the market further, as synthetic paper meets specific needs in terms of print quality and longevity. Recent Development •          ...

  Hydrogen Fuel Cell Catalyst Market Size was valued at USD 832.23 Million in 2023 and is projected to reach USD 1453.61 Million by 2031, growing at a CAGR of 6.5% from 2024 to 2031. A hydrogen fuel cell catalyst is a substance that accelerates the chemical reactions within a fuel cell, particularly the conversion of hydrogen and oxygen into electricity, water, and heat. Platinum is commonly used as a catalyst due to its high efficiency and stability. Catalysts facilitate these reactions at lower temperatures and pressures, making fuel cells more viable for various applications including transportation and stationary power generation. Recent Development •            In April 2022, Hyundai Motor plans to partner with H2 Energy to deliver 1,600 hydrogen fuel cell trucks to Europe. Hyundai Motor plans to enter European countries as well as Switzerland, thanks to this joint venture. •      ...

 The global cyclic olefin copolymer market was valued at $825.4 million in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Cyclic Olefin Copolymer (COC) are an amorphous polymer produced by a number of polymer manufacturers. In comparison to commodities such as polypropylene and polyethylene, COC is a relatively new class of polymers. COC has a wide range of desirable properties, including good melt flowability, excellent moisture, heat, and chemical resistance, high clarity, and low birefringence, excellent gas barrier properties, and the absence of halogens and BPA. Recent Development •            In September 2022, Polyplastik plans to build a new facility in Leuna, Germany, to produce Topas cyclic olefin copolymer, a glass polymer commonly used in medical devices. The facility will more than double the facility's capacity by adding 20,000 tonnes of annual capacity. Two...

 The global fly ash market is projected to register a fast-paced growth over the forecast period. Fly ash is a fine powder material obtained as a by-product of burning coal in power plants. The product consists of siliceous and aluminous material that forms cement-like properties when mixed with water and lime. Cement and concrete manufacturers are using fly ash material to replace the Portland cement in concrete manufacturing. The fly ash-based concrete shows distinct properties, such as high strength, more durability, and less permeability. Similarly, bricks and tiles manufacturers are also using the product to eliminate the use of clay. For instance, CalStar Products Inc. uses the product to manufacture bricks and pavers. Recent Development •            In January 2023, Northstar Advisors Pte. Ltd. Acquired Trans Ash Inc., a leader in energy products for North American energy consumers. The acquisition of the two compan...

  Anisotropic conductive films (ACF) are type of adhesive films that are used as interconnect systems in liquid crystal displays (LCDs), that is lead-free and environmental friendly. These adhesive films help to create stable and more reliable connections and thus prevent short circuits in the electronic devices. Apart from films, this material is also available as anisotropic conductive paste (ACP) and anisotropic conductive adhesives (ACA). ACF has a wide range of applications in different electrical gadgets such as mobile phones, cameras and others. It is also used in several other end-user industries including automobile, healthcare, aerospace, and others. ACF technology is mostly used in chip-on-glass, flex-on-glass, flex-on-board, flex-on-flex, chip-on-flex, chip-on-board, and also has applications for higher signal densities. The rise in demand for ACF can be favored because of its advantages such as lead-free, recyclable, and low production cost. Recent Development • ...

  Aluminum alloy is a metallic material composed of aluminum and one or more other elements such as metals or metalloids. These alloys are designed to achieve desired characteristics such as strength, durability, corrosion resistance, conductivity, and formability that makes them suitable for a wide range of applications across various industries. Aluminum alloys are widely used in industries such as automotive, aerospace, construction, and electronics. In automotive applications, aluminum alloys are valued for their lightweight nature, contributing to improved fuel efficiency and reduced emissions. Furthermore, in aerospace, aluminum alloys offer high strength-to-weight ratios that make them suitable for structural components in aircraft and spacecraft. Recent Development •            In March 2021, leading aluminum company Alcoa announced the SUSTANA™ family of aluminum alloys designed for heavy-duty automotive applicati...

  The global semiconductor manufacturing equipment market size was valued at USD 110.91 billion in 2023 and is projected to grow from USD 121.17 billion in 2024 to USD 270.38 billion by 2032, exhibiting a CAGR of 10.6% during the forecast period. The Asia Pacific dominated the semiconductor manufacturing equipment market with a share of 67.89% in 2023. Semiconductor manufacturing equipment is used to manufacture semiconductor wafers, IC chips, memory chips, circuits, and others. Silicon wafer manufacturing equipment is used in the early stages of the manufacturing process. Wafer processing equipment includes photolithography tools, etching machines, and chemical vapor deposition machines, measurement machines, and process/ quality control apparatus. Segment Insights •            In 2022, the market was dominated by the front-end equipment sector. Also, the market for semiconductor manufacturing equipment will have the fastest...

 The Global Packaging Robots Market size was valued at $4,352.1 million in 2020 and is projected to reach $14,475.0 million by 2030, growing at a CAGR of 12.3% from 2021 to 2030. Packaging robots refers to the use of automated systems, robots, and specialized software to move various tasks, and streamline automate packaging process. Packaging robots systems are used in various industry verticals such as pharmaceuticals, consumer products, logistics, food & beverages, and others. Vacuum grippers are widely used in picking up flat materials such as glass sheets or metal sheets. Such types of grippers use suction caps to grip multiple objects at once, during packaging and palletizing processes. Objects such as big crates, boxes, cans, and bottles are handled by vacuum grippers and hence have observed a significant usage in the packaging industries. Recent Developments •            Aug’22 - Maxpack Machinery LLC unveiled...