Snack Products Market Demand to Record Rise in Incremental Opportunities During the Forecast Period 2019 – 2024 – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
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ALBANY, N.Y., Feb. 2, 2021 /PRNewswire/ Most governments are making augmented investment in petroleum refinement to cater to the increasing demand. The global FCC catalyst market is likely to be driven by technological upgrade and augmented investment in the industry. Upgrade of existing equipment is also estimated to drive the demand for FCC catalyst in the years to come. The refining capacity is likely to be increased by refinery development and expansion plans and this generates increased demand for the processes of catalytic cracking. This factor is likely to support development of the global FCC catalyst market over the analysis timeframe, from 2020 to 2030.Uneven distribution of petroleum creates opportunity for growth and more competition in the market.
8.5% CAGR during the forecast period
2019 to
Rising Application of Microelectronics to Help Market Gain Momentum
The demand for the physical vapor deposition is increasing in the electronics industry as they have adopted PVD on a large scale. In addition, rising demand for microelectronics in various applications such as automotive industry, data storage, medical equipment, solar products, architectural glasses are acting as the growth driver for the global physical vapor deposition market. PVD coating is widely employed in cutting tools by providing advanced oxidation resistance, outstanding wear resistance, improved cutting speed and feed rate, and many other benefits. Thus, PVD in cutting tools is expected to grow in coming years.
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According to a recent report by Transparency Market Research (TMR), the global textile enzymes market is foreseen to witness a notable growth in the various part of the world. The global textile enzymes market is estimated to register a steady CAGR of 4.0% within the forecast period from 2018 to 2026. In 2017, the market was valued around worth of US$201.5 mn.
Earlier, strong bases, acids, and other oxidizing agents were used in textile processing. However, with the advancement in technology, the textile enzymes market picked up pace, and provided several eco-friendly and non-toxic enzymes for textile processing. They help in bio-polishing and desizing several kinds of fabrics such as cotton-based, without harming the quality of textiles. Changes in fashion trend and improvement in the spending ability among the populations can be seen as the two major factors contributing in the growth of textile enzymes market.
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ALBANY, N.Y., Feb. 2, 2021 /PRNewswire/ The overwhelming demand for effective sensors is driving the growth of the proximity sensors market considerably. The growing trend of automation and non-contact sensing across a wide number of applications may bring tremendous growth opportunities across the proximity sensors market during the assessment period of 2019-2027.
A proximity sensor is a contactless sensor that helps in the detection of the presence of an object when a specific target is detected in the sensor s field. These sensors capture the required information into an electrical signal. Good quality materials are essential for making high-end proximity sensors. Thus, raw materials play a vital role in the development of proximity sensors.