Polymethyl Methacrylate Market Will Touch USD 8,946.1 Million in 2030

The polymethyl methacrylate market was USD 6,185.2 million in 2023, and it will touch USD 8,946.1 million, with a 5.5% compound annual growth rate, by 2030.

This is because of the increasing utilization of PMMA across different sectors, including construction, signs & displays, electronics, and automotive, beneficial government policies, and the growing need for lightweight materials across verticals.

In 2023, the general-purpose category, based on grade, was the larger contributor to the industry, with a 62.4% share, and it will continue this trend in the coming years.

This can be because of the increasing adoption of general-purpose PMMA in the automotive, construction, and many other sectors. This is because this type is extremely resistant to UV light and shows better surface hardness than other thermoplastics.

The construction category, based on application, was the largest contributor to the polymethyl methacrylate market in 2023, with a 31.4% share, and it will remain the largest throughout this decade. This can be because of the quickly surging populace in urban areas, the growing trend of green building materials, increasing investment in the residential sector, and the rising standard of living.

The automotive category will observe the fastest CAGR in the coming years. This is because of the increasing need for new-generation automobiles, particularly EVs; rising findings by automotive companies in expanding their manufacturing output, and surging requirements to produce highly fuel-efficient and lightweight vehicles.

In addition, PMMA sheets are utilized in car exterior & interior panels, windows, spoilers, fenders, instrument covers, motorcycle windshields, and other ancillaries.

APAC led the industry in 2023, with a 38.0% share, and it will remain leading in the years to come. This is because of the expanding healthcare, agriculture, and electronics sectors, the shift of international companies’ production facilities to this region, and increasing manufacturing investment and R&D by industry giants.

North America was a significant contributor to the industry in 2023. This can be mainly because of the enhanced healthcare infrastructure, rising construction rate, and surging adoption of signs and displays in this continent.

Iron Flow Batteries Market Will Reach USD 163.5 Million by the Year 2030

The iron flow batteries market is projected to achieve a revenue of USD 26.9 million by the conclusion of 2023. Anticipated to experience a Compound Annual Growth Rate CAGR of 29.5% from 2024 to 2030, it is predicted to reach a total revenue of USD 163.5 million by the year 2030.

This development of the industry can be ascribed to the increasing need for power, the addition of renewable power sources, like wind and solar; government backing for rural electrification, the long-life cycle and security advantages of such energy storage devices, and rising research and development activities.

Data centers are accountable for storing, processing, and handling vast size of data produced by individuals and industries. There are many data-intensive applications presently in extensive usage, like artificial intelligence, big data analytics, and cloud computing, which is why data centers have become an important part of the worldwide infrastructure.
Data centers play a crucial role in storing, processing, and overseeing substantial volumes of data produced by individuals and businesses. The widespread use of data-intensive applications like big data analytics, artificial intelligence, and cloud computing highlights the essential nature of data centers in the global infrastructure.

Geographically, the North American region is going to lead the industry and showcase a growth rate of 50% during the projection period. This development can be credited to the rising chemical, oil & gas, and power generation industries. Additionally, the major players are focused on the North American region, and they are introducing new items and increasing their customer bases.

The APAC market is projected to experience the highest Compound Annual Growth Rate (CAGR) of 30.4% between 2024 and 2030. This can be attributed to the cost-effective availability of labor and raw materials, establishing the region as a crucial center for manufacturing industries. Additionally, substantial investments in renewable energy projects by regional countries are contributing to the overall growth and success of the industry.

Furthermore, such batteries are projected to be utilized extensively in microgrid electric vehicles, applications, and renewable power installations. Additionally, renewable electricity, increasing ecological awareness, and severe rules on the release of carbon dioxide and other GHGs in the region are driving the industry.

Seasonings and Spices Market Is Predicted To Hit USD 56,796 Million by 2030

The majority of the time, spices and seasonings are employed as additives or antibacterial experts, but they are also used to give flavor, scent, diversity, and taste to food and beverages. Comfort food producers use these characteristics of spices and seasonings to enhance their products’ quality and flavor and lengthen their shelf lives.

Customers’ openness to trying new spices and their growing interest in ethnic preferences have multiplied item contributions and increased the variety of spices and seasonings on sale.

Thus, the seasonings and spices market is projected to reach USD 56,796 million by 2030, as per P&S Intelligence. This is due to the expanding demand for ethnic cuisine, rising popularity of convenience meals, and rising awareness of the medicinal advantages of spices.

Moreover, the whole category accounts for the largest market share. From an industrial and domestic standpoint, whole spices and seasonings provide processing convenience. This has led to the increase in demand for them among many end users, including those in the food service, industrial, and retail sectors.

Sesame is in high demand in this category because of its significant consumption in Asian nations and the expanding use of sesame seeds in Mediterranean cuisine. Sesame seeds are rich in minerals, vitamins, protein, and antioxidants. They are commonly used in various dishes to give them a nutty taste and crunchy texture.

Sesame seeds include lignans and phytosterols, which are plant compounds that can help decrease cholesterol. Additionally, phytosterols are thought to strengthen the immune system and reduce the risk of getting some malignancies. Sesame seeds have the greatest total phytosterol concentration of all regularly consumed nuts and seeds in the U.S., with 400–413 milligrams per 100 grams, according to research.

In the coming years, the ground category is expected to advance at a faster CAGR of 5.7%. Chili powder is in great demand in this category since it is widely used in Asia-Pacific nations that consume a lot of meat.

Additionally, chili powder is widely used in both household and commercial contexts, and its commerce internationally is rapidly expanding. The oil and oleoresin in chilies may also be extracted professionally, and the resulting powder can be utilized as a powdered spice.

Further, the pharmaceutical and cosmetics industries both utilize chili. The component in chili peppers that makes them spicy, is used as nasal sprays, an analgesic in topical creams, and dermal patches. Red hot chilies, commonly known as Byadagi chilies, are used to make lipstick.

Moreover, oleoresin oil, a component found in these chilies, is extracted from their pods and used to manufacture lipstick. Oleoresin may be produced from a ton of Byadagi peppers in around 50 liters.

The growth in affluence, urbanization, and rapid economic development, as per the FAO of the United Nations, have an impact on how people eat, particularly in developing countries of the world.

Exposure to unusual food preparations and rising consumer interest in traditional foods for everyday consumption are predicted to have a beneficial impact on the industry.

Add A Touch of Finesse to Your Interior Decor with Smart Lighting

Have you pondered how your interior decor would seem in different light concentrations or even a different colored light? Lighting can enhance the overall experience of every interior decor. Regrettably, because of the lighting system, you can’t discard the lights you don’t like and install the new ones. Nowadays, cutting-edge technology can help. Smart lighting has a lot more to offer for creating the feel you want with every sort of lighting.

The market size of smart light fixtures and controls worldwide reached $52,047 million in 2021. Projections suggest it will experience a 12.6% compound annual growth rate (CAGR) from 2021 to 2030, reaching a total of $152,029 million by the end of the forecast period.

Lighting and Interior Decor

Lighting is an inherent part of interior decoration and can either glow or dull the look you actually want. Accompanied by the positioning and color of lighting, the fittings and styles you employ are correspondingly important. Let’s gaze at some main interior decor styles and lighting tips:

•   Modern

This panache, branded by a clean design, shades of grey, and a neutral vibe are pretty common in maximum afresh constructed homes. Advanced lighting with the extensive usage of reflections on the walls works well with contemporary decor. Pay attention to concealed overhead and lower lighting to show up the straight lines of the room with a contemporary design. Bright LEDs are the best suited for this purpose.

•   Industrial

The industrial decor has a bucolic feel to it with apparently incomplete structure and raw manners. Though you may find this decor in many forthcoming cafes, it can work miracles for your drawing room and give it a distinct character. Bulbs with Tungsten filaments in the center of the room are a discrete feature of industrial design. Consider the usage of warmer sunlight-like lighting shades.

•   Traditional

Are you fascinated by antique furniture and oeuvre that transports you to another epoch? Many of us are. Producing authentic old-styled decor is only a task for the most enthusiastic though. Not all art objects and furniture are effortlessly obtainable. And lighting is a thing that needs special attention. Warm colors with elegant furniture are essential to keep a consistent tone in your decor. These lights can be lively and absorbed to accompany the central bronze metal tones.

•   Bohemian

Your inland decor gives a hint of your character. If you don’t want to keep it traditional, going unconventional can let you create a sparkling decor that appeals to you. It can be an amalgamation of essentials from the aforementioned styles or an original conception of yours with motivation from art, colors, and ethos.

Smart lighting can offer infinite possibilities to get a tailored feel with lesser-used colors like magenta and lavender. No matter what kind of interior you prefer, Smart lighting gives you the option of creating the lighting, which is needed. Check out the various smart lighting options available and be all in readiness to change the lighting shade when you need it.

3D Printing Materials Market Will Reach USD 16,230.8 Million by 2030

The size of the 3D printing materials market will power at a compound annual growth rate of 25.9% during 2022-2030, to touch a value of USD 16,230.8 million by 2030.

The considerable growth is due to the increasing use of 3D printing in the manufacturing sector, need for mass customization, and the growing demand for automobiles in emerging economies.

The demand for these materials in China has increased owing to the flourishing application of 3D printing by various industries. Under the Made in China 2025 plan, the country aims to become a world leader in high-end manufacturing, including 3D printing.

Multiple progressive schools have already integrated 3D printing technologies into their curriculums, to advance students’ creativity and allow them to test their ideas in the real space. At the university level, 3D printing is improving the quality of education, particularly in science, technology, engineering mathematics (STEM).

The market for 3D printing plastics is the largest, in terms of volume holding over 30% share. This is due to the easy availability and low prices of plastics and their usage in a range of designs.
Further, over other types, plastic materials offer high versatility, resistance to abrasion, shock, extreme temperatures, physical deformation, and chemicals; exceptional flexibility, durability, and high elasticity, which further increases their consumption.

Plastic materials are seen as perfect for 3D printing applications as they come in a range of colours, along with possessing low weight and being easily available. Apart from this, plastics can sustain stress and be readily converted into various forms. Therefore, polymers are widely demanded in the medical, consumer goods, automotive, and electronics industries of European countries.

The filament form held the largest volume share in the global 3D printing materials market. This is owing to the usage of filaments in a variety of household objects, toys, educational models, and cars.

The powder category is anticipated to grow at the highest CAGR. This is due to the fact that powder is used to create large, dense parts in the aerospace, military, and oil and gas industries. Further, the powder form is capable of withstanding high temperatures; hence, it is preferred over others, especially in the aerospace and oil and gas sectors.