ReleaseWire Connect

The global sealant market is registered a CAGR of 6.42% (in terms of revenue) during the forecast period, 2018 to 2023. Building & construction industry was the largest market in 2017, accounting for around 49% of the global market, followed by transportation and electronics industry.

The global chemical injection skids market has been estimated at USD 2,485.41 million in 2017. The market is expected to register a CAGR of 2.08% during the forecast period, 2018 to 2023. Petrochemicals dominated the global chemical injection skids market with nearly 36% share globally, while chemicals segment is estimated to register the fastest CAGR through the forecast period, 2018-2023.

The global polystyrene market has been estimated at USD 28,103.36 million in 2017. The market is expected to register a CAGR of 4.91% during the forecast period, 2018 to 2023. General Purpose Polystyrene dominated the global polystyrene market with nearly 25% share globally and is estimated to register the fastest CAGR through the forecast period.

The global automotive adhesives and sealants market is expected to register a CAGR of 7.21% during the forecast period, 2018 to 2023. Asia-Pacific dominated the market, accounting for around 40% of the market share in 2017, followed by Europe and North America.

The global proppants market is projected to grow at a CAGR of 7.1% during the forecast period, 2018-2023. The market demand for proppants is likely to be driven by the growing industrialization and increased need of energy, which has led to improvements in hydraulic fracturing technologies, followed by commercial extraction of unconventional gases, which has further resulted in significant growth in the demand for proppants. Proppants play an integral role in the fracking process

The global polycarbonates market has been estimated at USD 13,720.95 million in 2017. The market is expected to register a CAGR of 5.46% during the forecast period, 2018 to 2023. Electrical and electronics segment dominated the global polycarbonates market with nearly 47% share globally and is also estimated to register the fastest CAGR through the forecast period.

The global PMMA microspheres market has been estimated at USD 174.88 million in 2017. The market is expected to register a CAGR of 10.14% during the forecast period, 2018 to 2023. Life sciences and medical segment dominated the global PMMA microspheres market with nearly 31% share globally and is also estimated to register the fastest CAGR through the forecast period.

The Health Ingredients market is projected to grow at a CAGR of 6.96%, in terms of value, from 2016 to reach a projected value of USD 101.32 Billion by 2022. Shift in consumer preference from nutrition-based to health-specific food, increasing incidences of chronic disease, and rise in demand for fortified food & beverage products are the factors driving the health ingredients market. Increasing awareness and rising demand for function specific food among the global population, fuels the demand for health ingredients.

The global fruit & vegetable processing market is estimated to reach USD 245.97 Billion in 2017 and is projected to reach USD 346.05 Billion by 2022, at a CAGR of 7.1% from 2017. The global fruit & vegetable processing market comprises the global fruit & vegetable processing equipment market and processed fruits & vegetables market. The fruit & vegetable processing market has been largely driven by the growing demand for convenience foods, the growing foodservice industry, the increased presence of modern retail outlets, and growing awareness about the benefits of fruits & vegetables.

The cloud Enterprise Resource Planning (ERP) market size is expected to grow from USD 18.52 Billion in 2016 to USD 29.84 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The major growth drivers of the cloud ERP market include, rising adoption of cloud infrastructure and mobile applications, coupled with surge in demand from Small & Medium Enterprises (SMEs), owing to the increasing need to attain optimal business process efficiency and transparency.