The global market for computer keyboards is anticipated to expand at a compound annual growth rate of 5.5% during the forecast period 2024 to 2032. The keyboard of a personal computer (PC) or laptop computer is the primary input device that is used with any of these types of computers. The majority of keyboards currently on the market are of the movable variety, although there are a select few that feature a permanent layout.
The global market for molded plastics is expected to grow at a CAGR of 4.5% during the forecast period of 2024 to 2032. Molded plastics are non-metallic compounds that have been manufactured synthetically and may be molded into a variety of shapes for use in commercial applications. These are quite versatile, effective, and bendable, and they can be made more rigid if that is the consistency that is required. These are utilized in the process of constructing smaller components that include an incredible level of detailing and perfection.
The global market for TCD Alcohol DM is expected to grow at a CAGR of 7.5% during the forecast period 2024 to 2032. The substance known as TCD alcohol DM, which is also known as tricyclodecane alcohol dimethanol, is a chemical that is odorless, viscous, and colorless. TCD alcohol DM is used to give the product elasticity and transparency, and it also has a use in the production of surface coatings that are of high quality and strength.
The global chlorinated paraffin market is expected to grow at a CAGR of 3.1% during the forecast period of 2024 to 2032 and is set to reach about US$ 2.5 billion by 2032. At a temperature of roughly 100 degrees Celsius, chlorinated paraffin is manufactured by combining chlorine gas with paraffin fractions in a synthesis reaction. After the necessary level of chlorination has been reached, the leftovers of chlorine and hydrochloric acid are washed away with nitrogen.
The carboxylic acid-based ester market is expected to grow at a CAGR of 5% during the forecast period of 2024 to 2032. The reaction of alcohol with a carboxylic acid results in the formation of compounds that have a pleasant aroma and are known as esters based on carboxylic acids. Recently, there has been a considerable increase in demand for carboxylic acids-based esters because of their ability to replace hazardous air pollutants (HAP) in the composition of paints, coatings, inks, cosmetics, and personal care products. This trend began around a year ago.
The market for biosensors is anticipated to grow at a CAGR of 8.5% during the forecast period 2024 to 2032. The need for biosensors is developing as a result of a wide variety of medical applications, an increasing number of people living with diabetes, a high demand for miniature diagnostic devices, and rapid technological advancements. It is essential for a favorable disease prognosis and patient survival that the disease is diagnosed correctly and at an early stage. In recent years, there has been a meteoric rise in the demand for one-time-use devices that are disposable, user-friendly, and have low production costs and short reaction times.
Aramid fibre market is expected to grow at a CAGR of 6.8% during the forecast period of 2024 to 2032. The market is being driven by the rising demand for lightweight and flexible materials from the automotive industry as well as the military and defence industry for a variety of applications. Furthermore, the restrictions connected to the reduction of carbon emissions drive various industrial participants to search for alternative materials that are not only lightweight but also sturdy and fuel-efficient.
The global market for asphalt additives is anticipated to expand at a compound annual growth rate (CAGR) of 7% during the forecast period of 2024 to 2032. Some of the major significant reasons driving the growth of the asphalt additive market around the world include an increase in the number of road construction projects as well as an increase in the amount of asphalt additives being used in roofing applications.
The global market for automotive gyroscopes is anticipated to expand at a CAGR of 8% during the forecast period of 2024 to 2032. Gyroscopes are a type of sensor that can sense orientation, and they can be found in a wide variety of electronic equipment. Gyroscopes have gone a long way since their inception as a result of the incremental improvements in technology that have taken place. As a direct consequence of this, they have rapidly evolved into one of the most crucial aspects of navigation systems.
By 2032 automotive MEMS Sensor market is expected to cross over USD 5 billion growing at a CAGR of 14.5% during the forecast period of 2024 to 2032. The demand for automotive MEMS sensors has gone up because of the growing need for safety and security in cars. MEMS sensors are sometimes called "micromachines" because they use the same technology as very small devices. In the car business, MEMS sensors have a lot of benefits. Vehicle safety has become a major issue all over the world. MEMS sensors could be used in a lot of different ways, like in navigation systems, rollover detectors, and crash detectors.
