Day: December 7, 2023

Increasing production capacity of chemical manufacturers and rising global demand for chemicals are key factors driving Chemical tankers shipping market revenue growth Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — In 2023, the global chemical tankers shipping market experienced robust growth, reaching a substantial size of USD 32.40 Billion, with a projected rapid revenue Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The driving forces behind this expansion include the increasing production capacity of chemical manufacturers, a surging global demand for chemicals, and the ongoing efforts of petrochemical refineries to meet rising product requirements. Key global chemical tanker players are investing significantly in innovative technologies to decarbonize shipping, aligning with United Nations (UN) standards,...

Rising demand for 3D printing construction owing to speed and efficiency is one of the major factors driving market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global Three Dimensional (3D) printing construction market size was USD 2.40 Billion in 2022 and is expected to register a steady revenue CAGR of 86.8% during the forecast period, according to latest analysis by Emergen Research. Rising demand for 3D printing construction owing to speed and efficiency is primary key factor driving market revenue growth. 3D printing is a cutting-edge manufacturing method, in which a computer-aided design and drafting or Building Information Modelling (BIM) program informs the 3D printer what it needs, and the printer deposits materials layer by layer to construct a real-life 3D product. Construction organizations achieve...

Rising number of cell therapy clinical studies, increasing prevalence of chronic conditions and adoption of regenerative medicine, and technological advancements in the field of cell therapy are key factors driving cell therapy market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global cell therapy market size was USD 4.77 Billion in 2022 and is expected to register a rapid revenue CAGR of 16.3% during the forecast period.  This surge is fueled by a surge in cell therapy clinical studies, a growing prevalence of chronic conditions, and technological advancements in regenerative medicine. Key Market Drivers The escalating number of clinical studies, especially in oncology, is a prime driver of this growth. With an estimated 1.9 million new cancer diagnoses in the U.S. alone in 2022, cell-based therapies are increasingly...

Increasing number of pets’ adoption and awareness about pet insurance policies and rising costs for veterinary services and companies providing innovative pet insurance coverage are key factors driving pet insurance market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global pet insurance market size was USD 9.40 Billion in 2022 and is expected to register a rapid revenue CAGR of 16.9% during the forecast period. The surge is attributed to the increasing adoption of pets, heightened awareness of pet insurance, and a growing demand for innovative coverage options. Key factors influencing this growth include rising veterinary service costs and strategic collaborations within the industry. The North American Pet Health Insurance Association (NAPHIA) reported a substantial increase in insured pets in North America,...

The rising theft of vehicles and increasing demand for advanced automated technology to secure vehicles are driving the demand for the Remote Vehicle Shutdown Market. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global Remote Vehicle Shutdown Market is forecasted to be worth USD 994.09 Million by 2032, according to a current analysis by Emergen Research. The rising cases of robbery in commercial vehicles entail the need for advanced technologies to protect the vehicle. Due to the robberies, the logistics industry frequently suffers massive losses and increased demand for advanced technology to prevent the robberies, which is expected to propel the market growth over the forecast period. Besides, the rapid adoption of IoT and Artificial intelligence in the vehicle to provide improved reliability and security is anticipated to...

Rising demand for medical robots owing to their performance is one of the major factors driving medical robotic systems market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global medical robotic systems market size was USD 21.20 Billion in 2022 and is expected to register a revenue CAGR of 16.1% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for medical robots owing to their performance is a major factor driving the market revenue growth. Medical robots are designed to aid surgeons during operations or procedures on patients who require assistance in recovering from an illness or accident. Medical robots have reduced the danger of infection in hospitals by reducing necessity for human touch with patients. Robotic systems enable minimally invasive procedures, such...

Rising demand for ammonium nitrate fuel oil is a major driving factor driving Ammonium Nitrate market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global ammonium nitrate market size was USD 15.5 Billion in 2023 and is expected to register a revenue CAGR of 3.4 % during the forecast period. A key driver of this growth is the rising demand for ammonium nitrate fuel oil, particularly in the mining industry, as it plays a crucial role in blasting rocks and accelerating the burning of combustible materials. The International Energy Agency reports a surge in mining projects globally, with around 4,700 projects valued at USD 318 billion planned for construction in 2023. This robust demand for minerals, essential for clean energy production, underscores the pivotal role ammonium nitrate plays in the sector. Small-scale...

Rising Research & Development (R&D) activities to grow heparin with enhanced therapeutic potential and minimum side effects are is key factors driving heparin market revenue growth. Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global heparin market size was USD 5.58 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.5% during the forecast period. Key factors propelling market growth include heightened government support for healthcare infrastructure, a surge in Research & Development (R&D) activities to enhance heparin’s therapeutic potential, and minimal side effects. Heparin, a glycosaminoglycan renowned as Unfractionated Heparin (UFH), acts as a crucial anticoagulant (blood thinner) in medical applications. The Centers for Disease Control and Prevention (CDC) reports that around...

Rising demand for energy-efficient and sustainable construction materials and light-weighting initiatives in the automotive industry and increasing utilization in transportation applications and preference for corrosion-resistant materials are key factors driving Sheet Molding Compound market revenue Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global Sheet Molding Compound (SMC) market size was USD 3.51 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.8% during the forecast period. The escalating demand for energy-efficient and sustainable construction materials, coupled with initiatives in the automotive industry for light weighting, is a driving force behind this growth. SMC, a versatile composite material, is gaining traction across diverse industries, including automotive, aerospace, electrical, construction,...