The desalination pumps market was estimated at USD XX million in 2020 and is likely to grow at a CAGR of XX% during 2021-2026 to reach USD XX million in 2026. Increasing demand for pure and clean water for drinking and other industrial use, and rising installation of desalination plants across geographies to meet the increasing water demand are the factors driving the growth of the market.
The polyethylene naphthalate (PEN) market was estimated at USD 1.16 billion in 2022 and is likely to grow at a CAGR of 8.04% during 2023-2028 to reach USD 1.87 billion in 2028. The surge in demand for packaged food & beverages owing to changing lifestyles, hectic schedules, and increasing disposable incomes may boost the market growth.
The automotive night vision system market was estimated at USD 3.21 billion in 2021 and is likely to grow at a CAGR of 11.26% during 2022-2028 to reach USD 6.81 billion in 2028. Growing demand for luxury vehicles in Asia-Pacific, the emerging technology of autonomous driving, increase in awareness regarding road safety, and reduced price of sensors are some of the major factors fueling the growth of the market over the assessment period.
The in-flight entertainment & connectivity market is likely to grow at a promising CAGR of 12% during 2023-2028 to reach USD 7.9 billion in 2028. The aviation industry plunged in 2019 and was expected to start rebounding from 2020 onwards. However, the sudden outbreak of the pandemic dashed the market hopes. As a result, the IFEC market suffered a massive decline across all regions. The delay in aircraft deliveries amid the pandemic impacted the IFEC sales for operators. In-flight entertainment
The sodium silicate market was estimated at USD 8.65 billion in 2023 and is likely to grow at a CAGR of 4% during 2024-2029 to reach USD 10.97 billion in 2029. With prospects in pulp and paper, construction, automotive, and other areas, the sodium silicate market has a bright future. The main factors driving this market include expanding end-use industry demand for precipitated silica, increased need for waste paper recycling, and the accessibility of sodium silicate.
The electric van market is likely to witness an impressive CAGR of 32.8% during the forecast period of 2023-2028. The demand for electric vans in 2020 witnessed a noticeable uptick, primarily driven by the growing interest in sustainable transportation and the need for zero-emission vehicles in urban areas. Many businesses and delivery services recognized the benefits of electric vans for their fleets, including reduced operational costs and environmental impact.
The global gate openers market size was estimated at USD 944.16 million in 2023 and is likely to grow at a CAGR of around 3.62% during 2023-2028 to reach USD 1128.31 million by 2028. The growth of gate openers market is primarily driven by increasing use of automatic gates in the residential and commercial spaces.
The tire material market size was estimated at USD 81.75 billion in 2023 and is likely to grow at a CAGR of 4.1% during 2023-2028 to reach USD 99.95 billion by 2028. The tire material market is a vast and ever-evolving industry that is constantly innovating to meet the needs of the automotive industry. There are different materials used in tires to provide the tire with the strength, durability, traction, and other properties that are needed to provide a safe and comfortable ride.
The global humic acid market size was estimated at USD 696.86 million in 2023 and is likely to grow at a CAGR of 11.88% during 2023-2028 to reach USD 1222.08 million by 2028. The prime factor contributing to the demand for humic acid is mainly its increasing usage in various agricultural applications owing to its properties to enhance soil fertility and crop yield as it is a natural soil conditioner.
Methyl ethyl ketone market is likely to witness a healthy CAGR of 4.3% during the forecast period. The growing demand for methyl ethyl ketone is mainly due to the increasing demand for paints & coatings and usage of powder coating method in automobile industry.
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