Jan 19, 2021
Hardtop Automotive Headliners to Hold More than 95% Market Share through 2031: Fact.MR ReportAutomotive headliners are composite materials that are optimized to improve safety in automobiles in terms of head impact, or alternatively to incorporate additional LED lighting films in the fabric. Numerous headliner products comprise tricot knit fabrics that are napped to provide vehicle passengers a soft texture and uniform aesthetics. The fabric is adhered to melted polyurethane foam in most cases. More than 95% demand is for hardtop automotive headliners across the world. Increased focus by automotive manufacturers towards the comfort of passengers and drivers is a key factor driving opportunities in the market.
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Jan 18, 2021
Government Sector to Remain Biggest Customer for Dredging Equipment & Services: Fact.MRDespite witnessing a downfall in 2020 due to the onset of the COVID-19 pandemic, the dredging market is gradually recovering, and is projected to exhibit steady growth over the coming years. For example, the United States passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which unlocked the Harbor Maintenance Trust Fund (HMTF); this will be invested in the dredging of ports in the near future. Likewise, growing demand from governments around the world for dredging equipment and services is set to give impetus to market growth through 2031. According to Fact.MR, the global dredging market is forecast to be valued at US$ 21 Bn in 2031. Rise in demand from the oil & gas industry too is expected to propel demand for dredging as time goes by.
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Jan 15, 2021
Demand for Coal Handling Systems to Remain High from Thermal Power Plants through 2030: Fact.MRConsumption of coal remains strong across industries due to its low price, which is also leading to strong sales of coal handling systems, globally. These systems are an integral part of a plant's material flow and coal quality management. Coal handling system are largely used across industries, especially at coal mining plants, thermal power stations, and ports. Even though developed regions of the world are pushing for use of renewable energy, overall, coal mining across the world, especially APEJ, which is the largest market, is increasing, consequently leading to more demand for efficient coal handling systems.
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Jan 14, 2021
Composite Materials Gaining High Importance in Squash Racket Manufacturing: Fact.MRRising popularity of squash as a sport and also as a recreational activity is driving demand for these rackets. Growing number of professional tournaments held by bodies such as the Professional Squash Association and the World Squash Federation are bolstering adoption of the sport. Product innovations in terms of design and material are expected to remain a critical factor in terms of positive developments in the sector. Composite materials are being used en masse to facilitate weight reduction and increased power in these rackets. Also, awareness about the sport as a viable muscle fitness option, and favorable policy introductions by governments, are expected to drive the market in the foreseeable future.
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Jan 13, 2021
Despite Rising Environmental Concerns, Industrial Sector to Account for 30% Overall Generator Demand: Fact.MRUninterrupted power supply, supported by efficient power back-up, is crucial across sectors such as industrial, residential, and commercial. Erratic supply of power, especially in underdeveloped and developing regions of the world, is the main driver for high demand for generators. Despite growing environmental concerns about the usage of diesel across the world, demand from the industrial sector is expected to be over 30% over the coming years. Fact.MR has also observed that bigger players leveraging their business expertise to provide seamless power supply for a wide array of operations undertaken by business corporations and enterprises.
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Jan 12, 2021
Growing Bottled Water Sales Spike Demand for Plastic Containers: StudyWith the growing focus on bio-degradable materials, sustainability has been key to the plastic containers manufactures in the past years. The rise in demand for the cost-effective, single-use plastic packaging from the beverages, food, and cosmetics industry has been fuelling the sales of plastic containers since the past decade. According to Fact.MR, the global plastic containers market is forecast to grow at over 4.5% CAGR through 2030.
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Jan 12, 2021
Popularity of Home Diagnostics Surging amidst COVID-19 Pandemic, Especially for Diabetes & Infections: Fact.MRThe coronavirus pandemic has led to rapid rise in the demand for home diagnostic equipment. Individuals with health issues such as diabetes and other chronic diseases are likely to be affected by Covid-19 worse than others, and, as such, need to keep their health in check to avoid any complications.
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Jan 11, 2021
Temporary Power Market Players Eye Opportunities in Lucrative Utilities Industry: StudyTemporary power market players look to a revival in demand, as growth remained muted in 2020. Fact.MR opines market to grow at over 5% in 2021, with adoption by utilities segment key to sustained demand. While the increase in sales footprint of the temporary power manufacturers is backed by the growing demand, rising investments in various power plant productions have further escalated the temporary power generators growth.
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Jan 08, 2021
DNA Probes Have Big Potential in New Infectious Disease Diagnostics: Fact.MRDNA-probes based diagnostics have the potential to be widely used in new disease management, according to a new study by Fact.MR. The efficacy of DNA sequencing in detection of alterations continues to drive their adoption in R&D.
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Jan 07, 2021
'Custom-Made' Accounts for 2 out of 3 Sales of Foot Orthotic Insoles: ReportDemand for foot orthotic insoles is set to rise steadily through 2030, with ‘custom-made’ capturing bulk of the sales, as per a new report by Fact.MR. Consumer preference for insoles that offer convenience and comfort is likely to drive manufacturers to offer more customized solutions. Over the long run, demand is likely to be influenced by a steadily rising geriatric and diabetic population.
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Dec 24, 2020
Gallium Oxide Substrate Market to Expand More Than Twofold by 2030; COVID-19 Outbreak to Hamper Market Growth in Short TermThe gallium oxide substrate market is estimated to expand more than 2X and generate an absolute dollar opportunity of US$ 5 Mn over the forecast period (2020-2030). Research & development activities done by academic & research institutes hold a major portion of the pie. With rapid growth of semiconductor and electronics industries, demand for substrate is only expected to increase over the coming years. However, the market will face a short-term decline in growth due to the ongoing COVID-19 pandemic, and gradually pick pace over the coming months and years.
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Dec 24, 2020
Silicone Adhesives Market Driven by Rising Demand in Automotive, Construction, and Medical Sectors: Fact MRThe silicone adhesives market will gain traction in response to surging demand for sealants with superior chemical and physical properties in construction, automotive, electrical & electronics, and other industries. While growth in the near-term assessment period is likely to be hampered amid the COVID-19 crisis, Fact.MR maintains a positive outlook for the market for 2020 to 2030.
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Dec 24, 2020
Vaccine Management Solution Market to Race Ahead at 17% CAGR; Demand to Witness Rapid Growth in Short Term amid COVID-19 PandemicThe global vaccine management solution market was valued at over US$ 140 million in 2019, and is anticipated to reach nearly US$ 590 million by 2030. The spread of COVID-19 has brought about a rise in demand for vaccine management solutions. The pandemic has led to additional gain of US$ 5 million in 2020, and the same is expected to follow in 2021. However, as the years go by, when most buyers had purchased these vaccine management solutions, companies in this space will gain revenue only through license renewal, and this is when market growth won’t be as high as it is now.
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Dec 24, 2020
Power Distribution Module Market to Top US$ 8 Bn Valuation by 2030, COVID-19 Outbreak to Moderately Affect Short-term SalesCommercial vehicles are generally considered high fuel consuming vehicles. In recent years, demand for power-efficient vehicles has increased, owing to rise in freight transport across the world. The need of the hour is highly secured and efficient power distribution. Furthermore, intelligent power distribution modules will be used in all commercial vehicles in the years to follow. Manufacturers in the power distribution module market are deploying their resources to develop high-power voltage solutions for commercial vehicles. This is in accordance with the ban on diesel-powered vehicles in certain countries, which will further drive the market for efficient intelligent power distribution modules in commercial vehicles.
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Dec 24, 2020
Gallium Oxide Market to Surge at Impressive 11% CAGR through 2030; COVID-19 Pandemic to Have Moderate Impact on Growth in Near TermRapid advancements in the semiconductor industry have helped increasing the potential of gallium oxide. Gallium oxide is mostly used in the manufacturing of gallium oxide substrates. Currently, gallium substrates formed from oxide are used for research & development activities by academic & research institutes for making more technologically sound products. With a rapidly growing semiconductor industry, the gallium oxide market too will witness strong growth over the coming years.
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Dec 24, 2020
Smart PPE Market to Close in on US$ 3 Bn by 2030; Growth Rebound Expected after Initial Setbacks amidst COVID-19 OutbreakIncreased awareness about safety and globally accepted regulations by companies have significantly increased demand for industrial IoT-integrated smart PPE solutions, especially in oil & gas, manufacturing, and construction industries, to ensure workers’ safety in various work environments. Mounting demand for smart PPE is due to the fact that, IIOT-integrated PPE delivers the best real-time preventive maintenance solutions. Besides, active flash PPE integrated with OSRAM-guided lights provide visibility even in wet working conditions. Development of smart flame and chemical-resistant materials, along with integration of improved materials for aesthetics and ergonomics to reduce workplace injuries and satisfy OSHA guidelines, is poised to surge smart PPE demand, globally.
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Dec 22, 2020
Dermatology Diagnostic Devices Market Driven by Demand for Non-Invasive Skin Cancer Screening: Fact.MRWide range and high prevalence of skin ailments, including psoriasis, eczema, and skin cancer, among others, is expected to drive the growth of the dermatology diagnostic devices market, says Fact.MR in a recent study. Concerns over environmental pollution in urban centers and a vast base of baby boomer patients will support long-term growth. Increasing interest in the healthcare sector towards non-invasive dermatological screening technologies is creating a number of opportunities for manufacturers within the sector. Growing number of specialty dermatology clinic facilities run by private entities, and incorporation of AI and imaging technologies in new product offerings, allow for improved accuracy in diagnostic procedures.
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Dec 22, 2020
Paper Diagnostics Market Gaining Traction Due to Increased Accuracy and Rapid Testing of Chronic Ailments: Fact.MRThe global paper diagnostics market is expanding fast, as demand for rapid testing and accurate diagnosis continues to rise in response to increase in cases of cancer, autoimmune diseases, and inflammatory diseases, worldwide, finds Fact MR, in a new study. Due to their benefits such as ease of fabrication, affordability, sensitivity, reproducibility, and low limits of detection, paper diagnostics are highly sought-after in the healthcare and diagnostics segment.
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Dec 21, 2020
Glass Bonding Adhesives Market Exhibiting Significant Growth Owing to Rise in Demand from Construction Industry: Fact.MRA recent study by Fact.MR states that, the global glass bonding adhesives market is anticipated to expand at over 7% CAGR through 2030. The market is fast gaining traction with a surge in demand for bonding agents to be used between glass and other materials such as metals, rubbers, plastics, and others, from various industries such as electronics, transportation, and construction. As this kind of adhesive provides the best method of joining for glass, it is highly preferred in the architecture industry.
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Dec 21, 2020
Diabetes Diagnostics Market Gaining Momentum as Demand for Advanced Technologies Rises for Faster & Accurate Diagnosis: Fact.MRRising cases of type 2 diabetes due to unhealthy lifestyle practices and increasing obesity rates are expected to drive the diabetes diagnostics market, finds Fact.MR. According to the World Health Organization (WHO), prevalence of diabetes in people over the age of 18 rose from 4.7% in 1980 to 8.5% in 2014. The International Diabetes Federation also stated that, around 425 million people were suffering from diabetes in 2017, and around 630 million cases are expected to be reported by 2045.
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Dec 18, 2020
Medical Grade Silicone Market to Gain from Increasing Silicone Gel Application in Prosthetics: Fact.MRThe global medical grade silicone market will exhibit 6% CAGR from 2020 to 2030, finds Fact.MR, in a new study. Growth is expected to continue despite the market encountering disruptions due to COVID-19 outbreak. Exponentially rising demand for masks, face shields, and protection kits will favor overall expansion.
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Dec 17, 2020
Nano Healthcare Technology Market Driven by Rising Investments in Advanced Medical Equipment: Fact.MRIncreasing demand for advanced and effective equipment and favorable government initiatives are expected to drive the nano healthcare technology market, finds Fact.MR in a new study. The increasing geriatric population along with developments in the healthcare sector are key drivers of the market.
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Dec 17, 2020
Medical Suction Devices Market Witnessing Increased Demand during COVID-19 Pandemic Due to Surging Hospitalization Rates: Fact.MRProper management of fluids is an important function of medical suction devices. Liquid and solid medical waste is a potential biohazard for patients, waste handlers, and the environment. In order to mitigate the risk of re-infection and reemergence of infectious diseases, safe waste management is of utmost importance.
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Dec 16, 2020
Fracking Fluids and Chemicals Market Sees Increasing Demand from Horizontal and Directional Wells: Fact.MRRising popularity of horizontal and directional wells is anticipated to drive fracking fluids and chemicals market, according to a recent report published by Fact.MR. Horizontal drilling requires large amount of fracking fluids and chemicals, thus proving a key stimulant to growth registered in the market.
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Dec 16, 2020
Medical Gases and Equipment Market Registers Growth in Response to Surging Healthcare Expenditure: Fact.MRThe global medical gases and equipment market is exhibiting steady growth with the surge in demand from hospitals, home care settings, pharmaceutical companies, and other healthcare facilities. A recent study by Fact.MR states that the medical gases and equipment market is anticipated to grow at over 8% CAGR during the forecast period between 2020 and 2030.
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Dec 15, 2020
Consumer Appliance Coatings Market Expanding on Back of Rising Domestic Appliance Industry: Fact.MRThe global consumer appliance coatings market is gaining traction owing to rise in demand in diverse applications such as refrigeration, large cooking appliances, home laundry, and others. The global refrigeration industry was estimated at more than US$ 19 billion in 2018, and is growing steadily to cross US$ 28 billion by 2025. As a result, demand for consumer appliance coatings is expected to increase further over the coming years. Another key application area of consumer appliance coatings is the large cooking appliances industry, which is growing exponentially and expected to ascend at a rate of over 6% CAGR through 2025.
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Dec 15, 2020
Coatings for Medical Devices Market Gains as Demand for Antimicrobial Coatings Rises amid COVID-19: Fact.MRThe coatings for medical devices market is expected to register high growth, especially as demand continues to rise across hospitals and healthcare facilities amid COVID-19 crisis, finds Fact MR in a recent study.
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Dec 14, 2020
Prepackaged Medical Kits and Trays Market Surging at 8.5% CAGR; COVID-19 Pandemic Crisis Lending Impetus to Market Growth: Fact.MRGrowth rate of the global healthcare industry has been around 7% in recent years, which is expected to increase to over 9% over the next five years. With a growing healthcare industry, including multi-specialty hospitals, clinics, and others, there has been an increase in the number of patients. This also means increased chances of acquiring hospital-associated infections while being treated. In order to minimize these health risks, requirement for disposable products such as prepackaged medical kits and trays, disposable gloves, patient gowns, sterile medical devices, and others is increasing rapidly.
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Dec 14, 2020
Low VOC Adhesives Market Proliferating on Back of Rising Demand for Hot-melt Adhesives: Fact.MRHot-melt adhesives are finding increased application in various packaging industries, propelling demand in the overall low VOC adhesives market, according to a recent report published by Fact.MR.
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Dec 14, 2020
Cables and Leads for Medical Equipment Market Proliferating from Surging Demand Due to COVID-19 Pandemic Crisis: Fact.MRRising need for medical equipment and devices due to surge in patients following the COVID-19 pandemic has increased demand for cables and leads for medical equipment, finds Fact.MR. Cables and leads are key elements in medical equipment that is used in laboratories, operating rooms, and monitoring systems.
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Dec 11, 2020
Marine Adhesives Market to Witness Significant Growth Due to Increasing Application in Water Vessels: Fact.MRIncreasing use of marine adhesives to bond metal, composite, and plastic components is expected to propel market growth, finds Fact.MR. Marine adhesives display higher bonding strength, elasticity, greater absorption of vibrations and impact, strong affinity with paints, and resistance to UV rays. These factors, along with their high compatibility with environmental factors such as exposure to moisture and water, make marine adhesives a viable option for varied uses.
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Dec 10, 2020
Medical Equipment Maintenance Market Gaining Impetus from Expansion of Super Specialty and Multi-Specialty Hospitals: Fact.MRThe increasing number of super specialty and multi-specialty hospitals across the world is expected to boost medical equipment maintenance market, finds a recent report published by Fact.MR.
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Dec 10, 2020
Bio-based Moisture Curing Adhesives Create Golden Opportunities: Fact.MR StudyAdoption of moisture curing adhesives is significantly high in a wide range of industrial applications such as wood working, construction, and automotive, besides others. This is mainly providing impetus to market growth, opines the Fact.MR report.
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Dec 10, 2020
Vehicle Mounted Spotlights Market to Close in on US$ 1 Billion by 2030; COVID-19 Pandemic Impeding Market ExpansionThe global vehicle mounted spotlights market is set to observe a sizeable growth rate of over 4% in the coming decade. In the past years, this market grew at a modest pace of 3.5%, owing to declining demand from the automobile industry. However, advancements in technology and adoption of LED-based vehicle mounted spotlights have augmented market growth. In the coming decade, widespread adoption of wireless control vehicle mounted spotlights by leveraging manufacturing practices to come up with snazzy products will complement market expansion. Also, all-weather-proof rugged spotlights that can be used in challenging surroundings are predicted to drive the market.
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Dec 09, 2020
Chiral Chemicals Market Players Focus on Boosting Biological Separation Technology: StudyThe global market for chiral chemicals market is expected to recover briskly from the impact of COVID pandemic, opines a new Fact.MR report. It reveals that with a user-centric manufacturing approach, leading market players are reviving their revenue cycles, and growing technological adoption will support the business growth for stakeholders in the coming years.
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Dec 08, 2020
Ballast Water Treatment Systems (BWTS) Market to Surge Ahead at 10% CAGR through 2030: Fact.MREmergence of low-cost, ecofriendly ballast water treatment systems is generating new market potential and opportunities, according to Fact.MR. Rising environmental concerns are expected to propel ecofriendly systems across the world. Conservation of the marine ecosystem is becoming imperative, as pollution levels are rising across the globe in a multitude of ways. Hence, systems that can save the marine ecosystem from harmful microorganisms and pollutants are expected to be the most sought-after, fueling the growth of the ballast water treatment systems (BWTS) market.
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Dec 08, 2020
Tunnel Lighting Market to Exhibit Steady 5% CAGR through 2030; Market Back on Track after Initial Setbacks Due to COVID-19 OutbreakAdoption of energy-efficient LED lighting and control systems with improved technologies is expected to drive the tunnel lighting market over the forecast period, according to Fact.MR. Moreover, increasing transportation infrastructural development is projected to be a key contributor to market growth over the coming years. Developmental projects, especially in road and rail infrastructure, taken up by developing countries such as India and China, are expected to positively impact market growth.
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Dec 04, 2020
UV Filter Market Experiencing Sluggish Growth; Set to Rebound in 2021, Says Fact.MRThe UV filter market is estimated to reach a market value of US$ 607 Mn in 2020, and is set to create an absolute dollar opportunity of US$ 600 Mn over the forecast period (2020-2030), expanding at a CAGR of around 7% from 2020 to 2030. UV filters are key component in personal care products, and provide SPF functions to these products. Out of the filter types channelled in the market, organic is set to capture a majority of the market share, owing to these UV filters integration in formulating a majority of products such as creams, gels, lotions, powder, wipes, and sprays.
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Dec 04, 2020
Marine Oil Market to Witness Decline in Near Term due to COVID-19 Pandemic; Steady Growth Expected ThereafterMarine oil is in high demand from end-use industries such as aqua feed and pharmaceuticals. However, the COVID-19 pandemic has impacted the global marine oil market, with significant obstruction in raw material procurement and the supply of raw material from one country to another. This reduction in supply consequently hampers production in end-use industries, thereby diminishing the growth of the global marine oil market. Nevertheless, the global marine oil market is expected to gradually recover with the resumption of activities across the globe, and reach a valuation of US$ 2.6 Bn by 2030.
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Dec 04, 2020
Dental Infection Control Products Market to Gain Added Impetus from Digital Dentistry: Fact.MRRising focus on dental care and changing lifestyles of people have increased growth of the dental industry. According to Fact.MR, this has led to increasing demand for dental Infection control products across the world. Dental infections are generally caused due to direct contact with infected fluids such as saliva or blood. They can also be caused by indirectly coming into contact with contaminated equipment or apparatus. Therefore, there has been growing demand for dental infection control products in the healthcare sector.
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Dec 04, 2020
Dental Consumables Market to Top US$ 50 Bn by 2030; COVID-19 Pandemic to Hit Demand in Short TermDental problems are becoming a cause for concern for people worldwide. This has led to manufacturers investing in research & development to come up with innovative products with changing times. Technological advancements leading to innovative products are expected to drive the global dental consumables market in the future.
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Dec 03, 2020
Two Component Adhesives Market Driven by Rising Use in Automotive Industry for Weight Reduction: Fact.MRGrowing demand for two component adhesives in the automotive, construction, and aerospace industries acts as a key driver for the market, finds Fact.MR. Two component adhesives are used to join metals and bond plastics due to their high glueing properties. They are generally used in construction and manufacturing processes due to their ability to withstand high pressure and strain.
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Dec 02, 2020
Froth Flotation Chemicals Market Finds Attractive Opportunities in Surging Demand from Mining Industry: Fact.MRExpansion of industries, coupled with government initiatives aimed at curbing emission from these industries will aid the expansion of froth flotation chemicals market, finds Fact MR in a new study. Global froth flotation chemicals market is expected to gain from the rising use of mixed collectors during flotation.
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Dec 02, 2020
Baby Care Products Market to Witness Marginal Decline in Near Term amid COVID-19 PandemicThe global baby care products market is projected to be valued at over US$ 8 billion in 2020, and is anticipated to surpass nearly US$ 19 billion by 2030. The spread of COVID-19 has brought a decline in demand for some baby care products, due to customer preference of spending on more important daily consumer products. Likewise, declining requests from institutional buyers such as hospitals, baby day care centers, etc., is causing a decrease in demand in the baby care products market. However, the market will show better development during the recuperation time of the COVID-19 pandemic, owing to the strong hold of this market in developing nations that have a large customer base.
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Dec 02, 2020
Aroma Chemicals Market To Progress Steadily Due to Increasing Application of Natural Flavours: Fact.MRA recent study by Fact.MR suggests that, rising demand for aroma chemicals in the fragrance and food & beverage industry is expected to increase the growth of the aroma chemicals market. Aroma chemicals are molecules that increase flavour and fragrance when added to products. They consist of natural compounds that are extracted from plants and animals, and synthetic compounds that are created in laboratories using oils and fats. Stringent regulations regarding artificial flavours have contributed to the growth of natural aroma chemicals in the food industry.
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Dec 02, 2020
Metal Finishing Chemicals Market Records Impressive Growth as Demand from Automotive Industry Surges: Fact.MRA new study by Fact.MR projects growth at a steady pace for the global metal finishing chemicals market, driven by the surging demand from automotive, construction, and other industries. Between 2020 and 2030, the market is expected to grow at above 2% CAGR.
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Dec 02, 2020
UV Cured Adhesives Market to Top US$ 3 Bn by 2030; COVID-19 Outbreak to Hamper Market Growth in Short TermUV cured adhesives are considered to be a key component in the manufacturing of electronics products. In the past half-decade, UV cured adhesives have gained traction in the RFID inlays market owing to RFID manufacturers’ inclination towards fast curing adhesives to support rapid assembly lines. Apart from RFID manufacturing lines, UV cured adhesives have found a prominent role in the manufacturing of various electronics goods such as mobile phone boards, motherboards of computers, and others, which is set to provide a long-term stance to the market. The medical industry also captures a significant market space owing to the need for inculcation of UV cured adhesives for manufacturing medical equipment such as ventilators, ECGs, and other equipment essential for day-to-day clinical operations.
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Dec 01, 2020
Metal Cleaning Chemicals Market to Progress at Steady Pace; Impact of COVID-19 to Remain MixedAccording to a report published by Fact.MR, the global metal cleaning chemicals market is growing at a moderate pace, and is anticipated to record a CAGR of 3.4% from 2020 to 2030. One of the crucial drivers influencing the growth of the metal cleaning chemicals market is the rise in demand for aqueous metal cleaners from end-use industries requiring maintenance for their machinery. On the other side, several studies have shed light on the VOC contents of these metal cleaning chemicals that lead to the production of smog. Smog is found to have ill-effects on the bodies of animals and human beings. Given this influence, governments of numerous countries, especially developed ones, have imposed bans or imposed limitations on the production of metal cleaning chemicals.
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Dec 01, 2020
Textile Chemicals Market to Gain Impetus as Sustainability Takes Precedence in Research Initiatives: Fact.MRAccording to a recent study by Fact.MR, the surging apparel sales via online retail shops have been enabling sustainable growth in the textile chemicals market amid COVID-19. Some of the leading players are focusing on improving their online presence to offset lack of footfall in brick and mortar stores.
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Nov 30, 2020
Aviation Lubricants Market Driven by Rising Demand for High-quality Aerospace Lubricants: Fact.MRCommercial aviation is gaining traction across the world. Rising passenger traffic and reduced airfares have created an environment conducive to the growth of the aviation lubricants market, finds Fact.MR in a new study. According to the report, the market is poised to exhibit a steady CAGR of 5% during the forecast period of 2020 to 2030.
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