Business Markets for Expansion in 2022A Story by janebush08 Top Business Markets for Expansion in 2022 Expanded Polypropylene Foam Market The expanded polypropylene (EPP) foam market is projected to reach USD 1,619 million by 2025, at a CAGR of 5.3%. Recyclable & reusable properties of EPP foam; and optimum performance and low weight of EPP foam are driving the growth of the EPP foam market. Base Oil Market The base oil market is projected to reach USD 36.7 billion by 2025, at a CAGR of 5.0%. The growing demand for high-grade oils in the automotive industry is driving the base oil industry growth. Ceramic Sanitary Ware Market The ceramic sanitary ware market is projected to reach USD 44.6 billion by 2025, at a CAGR of 6.8%. The initiatives by the governments of developing nations, coupled with the changing lifestyle and purchasing power of the middle-class population across the globe, are driving the ceramic sanitary ware market. Fatty Amines Market The fatty amines market is projected to reach USD 4.0 billion by 2024, at a CAGR of 6.5%. The growing demand for agrochemicals in the agriculture industry is driving the growth of the fatty amines market. Battery Recycling Market The battery recycling market is projected to reach USD 23.2 billion by 2025, at a CAGR of 6.1%. Reasons for growth of the battery recycling market include rising concerns regarding depleting precious and rare earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA (Environmental Protection Agency) guidelines. Bio-Lubricant Market The bio-lubricants market is projected to reach USD 2.4 billion by 2025, at a CAGR of 4.1%. The demand for bio-lubricants can be attributed to the growing environmental awareness, adoption of stringent regulations, and increasing acceptance of bio-lubricants in industries. Cooling Fabrics Market The cooling fabrics market is projected to reach USD 2.6 billion by 2025, at a CAGR of 6.0%. The key factor driving the growth of the cooling fabric market is due to the increasing demand for sports apparel, lifestyle, protective wearing, and other applications. Increasing research and development for cooling fabrics is the main factor anticipated to drive the cooling fabrics market. Surfactants Market The surfactants market is projected to reach USD 52.4 billion by 2025, at a CAGR of 4.5%. The growth of the market is driven by the growing population and increasing urbanization in Asia Pacific. Metal Recycling Market The metal recycling market is projected to reach USD 76.1 billion by 2025, at a CAGR of 7.8%. The growth of this market is attributed to the increasing demand for steel and the urbanization & industrialization in developing countries. High Temperature Insulation Materials Market The high temperature insulation materials market is projected to reach USD 8.9 billion by 2024, at a CAGR of 8.2%. The market is driven by growing demand in various end-use industries, such as petrochemical, ceramic, glass, aluminium, and iron & steel. Biological Wastewater Treatment Market The biological wastewater treatment market size is estimated to be USD 8.7 billion in 2020 and is projected to reach USD 11.1 billion by 2025, at a CAGR of 5.1% from 2020 to 2025. Stringent regulations regarding the disposal of wastewater into the environment or for reuse, aging infrastructure, water scarcity & reusability of wastewater, rapidly growing population and industrialization are major drivers responsible for the growth of the biological wastewater treatment market. Ceramic Tiles Market The ceramic tiles market is projected to reach USD 285.1 billion by 2025, at a CAGR of 6.5%. The ceramic tiles market has been growing because of development in populace, ascend in extra cash, development in redesign and rebuilding exercises, and expansion in interests in the private and business areas. Core Materials Market The core materials market is projected to reach USD 2.3 billion by 2025, at a CAGR of 13.5%. The global core materials market is increasing due to their rising demand from composite component manufacturers, globally. Feminine Hygiene Products Market The feminine hygiene products market is projected to reach USD 27.7 billion by 2025, at a CAGR of 5.8%. Increasing female awareness of menstrual health & hygiene, rising disposable income of females, and women empowerment are expected to accelerate the growth of the feminine hygiene products market across the globe. Lubricants Market The lubricants market is projected to reach USD 187.9 billion by 2027, at a CAGR of 2.7%. Rapid industrialization in Asia Pacific and the Middle East & Africa post COVID-19, coupled with the rise in process automation in most of the industries and the gradual increase in number of vehicles on-road are key factors expected to drive the global lubricants industry during the forecast period. Modular Construction Market The modular construction market is projected to reach USD 108.8 billion by 2025, at a CAGR of 5.75%. The growth of this market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives. Non-Woven Fabrics Market The nonwoven fabrics market is projected to reach USD 53.5 billion by 2025, at a CAGR of 5.7%. The growth of the nonwoven fabrics market is attributed to the increase in demand for nonwoven products & solutions for hygiene, medical, construction, and filtration applications. Polymer Foam Market The polymer foam market is projected to reach USD 114.8 billion by 2025, at a CAGR of 4.8%. The global polymer foam market is witnessing high growth on account of growing end-use industries. Pressure Sensitive Adhesives Market The global pressure sensitive adhesives market size is estimated to be USD 13.2 billion in 2022 and projected to reach USD 16.9 billion by 2027, at a CAGR of 5.1%. Water-based PSA was the largest technology segment in the PSA market in 2021, and it will continue to dominate the market during the forecast period. Protective Clothing Market The protective clothing market is estimated to grow from USD 8.8 billion in 2020 to USD 12.3 billion by 2025, at a CAGR of 6.9%. Government initiatives regarding the safety of personnel in developed economies are expected to support the protective clothing market. Refinery Catalyst Market The refinery catalyst market is projected to reach USD 4.7 billion by 2025, at a CAGR of 2.9%. The growth of this market can be attributed to the rising demand for petroleum derivatives. Waterproofing Membrane Market The waterproofing membrane market is projected to reach USD 38.8 billion by 2025, at a CAGR of 5.4%. The growing demand for waterproofing membrane is due to the economic development, increasing urbanization and industrialization in emerging economies. © 2022 janebush08Author's Note
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