The global market for textile auxiliaries is expected to grow at a CAGR of 5% during the forecast period of 2024 to 2032. Demand for textile auxiliaries is being fuelled across the world by a number of factors, including the expansion of the global apparel and clothing industry, the growing utilisation of textile auxiliaries for a variety of applications, and the shifting emphasis toward environmentally friendly products. By the end of 2023, the global market for textile auxiliaries will account for approximately 40% of the total value of the textile chemicals industry.
The market for specialty paper is expected to grow at a CAGR of 6% during the forecast period of 2024 to 2032. Because specialty paper has superior qualities in terms of moisture retention, pH levels, and hygiene, it is frequently utilised in the food and beverage, lifestyle, and cosmetics industries as a component of packaging materials. In addition, increasing levels of discretionary spending have led to an increase in the demand for high-quality packaging material, which has contributed to the expansion of the industry.
The global market for soft tissue allografts is expected to grow at a CAGR of 7.5% during the forecast period of 2024 to 2032. In addition, the industry had a revenue of approximately US $4.2 billion in 2021. The expansion of the market can mostly be ascribed to the rising number of people who have been injured in accidents and the growing elderly population. According to projections made by the World Health Organization (WHO), the total number of individuals aged 60 and older across the globe would reach 1.4 billion by the year 2032.
In the year 2021, the global market for dimethyl ether is expected to rise at a CAGR of 10% during the forecast period of 2024 to 2032. Dimethyl ether, also known as methoxymethane, wood ether, dimethyl oxide, or methyl ether, is the simplest type of ether. It is abbreviated as DME and can also be written as methyl ether. It is an odourless, somewhat narcotic, nontoxic, and easily combustible gas that can be handled like a liquid if gentle pressure is applied while the temperature is maintained at room temperature.
The global market for polyol esters in expected to grow at a CAGR of 4% during the forecast period of 2024 to 2032. The growth is due to the growing demand for esters from a variety of end-use industries such as the chemical, food & beverage, and automotive industries.The expansion of the industrial sector will be fuelled by an increasing need for high-performance lubricants.The lubricants business has exerted significant effort toward the development of high-performance lubricants for use in the industrial, aerospace, and automotive markets.
The global polyimide films market is expected to grow at a CAGR of 6% during the forecast period of 2024 to 2032. The presence of potential end-user sectors gives the Asia-Pacific region the upper hand in terms of the market share at the moment. The expansion of the use of polyimides in the automotive and aerospace industries is one of the most notable trends that the market is now experiencing.
The global market for polyetheretherketone (PEEK) is estimated to grow at a CAGR of 7% during the forecast period 2023-2032. The need to reduce fuel use as much as possible has arisen in response to mounting worries about the environment, chief among which are massive carbon emissions. Because of the urgency of this problem, automakers have been pressured to concentrate on developing ways to improve fuel efficiency while simultaneously reducing the total weight of their vehicles.
The global masterbatch market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2023 and 2032. It is anticipated that one of the primary factors that will drive growth in the global market over the forecast period will be the substitution of plastics for metals in various end-use industries, such as the automotive and transportation, building and construction, consumer goods, and packaging industries. The demand for various types of plastic that use the product for imparting functional features is being driven by the rising emphasis placed on the use of plastic in the automotive industry in order to decrease vehicle weight and, as a result, increase the fuel efficiency of the vehicles.
The global market for insulin pumps is projected to grow at a CAGR of 14% during the forecast period of 2024 to 2032. The progress of technology and an increasing preference for using insulin pumps rather than more conventional approaches are two of the factors that are driving the market's expansion. People who require many injections of insulin on a daily basis can find a great deal of convenience in the use of insulin pumps. Because they are less invasive, patients prefer using these devices, which has led to their widespread use.
In 2020, the global market for insomnia was estimated to be worth US $4.5 billion and is expected to grow at a CAGR of 6.2% during the forecast period of 2024 to 2032. It is anticipated that the strong demand will be fuelled by an increase in the launch of novel products over the course of the forecast period, the availability of a number of generic alternatives, increasing prevalence of insomnia and stressare the key factors that aredriving the growth of insomnia therapies market.
