Year: 2023

Increasing need for bentonite in the oil and gas industry, growing need for iron ore pellet production in steel manufacturing are major factors driving the Bentonite market revenue growth. Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global bentonite market has demonstrated a remarkable growth trajectory, reaching a size of USD 2.00 Billion in 2022, with expectations of a steady revenue Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The market is propelled by several key factors, including the increasing demand for bentonite in the oil and gas industry, the rising need for iron ore pellet production in steel manufacturing, and growing demands from the drilling industry. Oil and Gas Industry Boosts Bentonite Market:  A major driver of the market is the escalating requirement for bentonite in the oil and...

Rising demand for flow meters in the chemical industry, water and wastewater treatment industry are major factors driving the Steam Flow Meters market revenue growth. Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global steam flow meters market exhibited a robust growth trajectory in 2022, with a market size reaching USD 517.78 Million. The market is poised to continue its expansion, projecting a steady revenue CAGR of 6.7% during the forecast period. Market Drivers: The rising demand for flow meters in key industries such as chemicals, water and wastewater treatment, coupled with the imperative need for energy efficiency in power generation, remains a pivotal factor driving the market’s revenue growth. Steam flow meters play a crucial role in measuring steam flow rates across various industrial and commercial applications....

An injection molding machine is a fundamental manufacturing device, enabling the production of a diverse range of plastic products with precision and consistency. Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global injection molding machine market witnessed a notable market size of USD 17.50 billion in 2022, and it is set to maintain a steady growth trajectory with a projected revenue CAGR of 3.7% during the forecast period. Several key factors are driving this growth, including increased demand from the packaging industry and the automotive sector, a growing emphasis on energy efficiency, and consumer trends favoring on-the-go packaged products. Injection molding machines play a pivotal role in the production of plastic containers, caps, closures, and various packaging components, offering design flexibility and cost-effectiveness....

Rising global demand for premium smartphones and government initiatives for domestic manufacturing of smartphones and other components are major factors driving Smartphone Screen Protector market revenue growth. Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global smartphone screen protector market continues to expand, with a market size of USD 50.32 billion in 2022 and a projected rapid revenue compound annual growth rate (CAGR) of 6.8% during the forecast period. Several key factors are contributing to this growth, including rising global demand for premium smartphones, government initiatives for domestic manufacturing, and increased awareness about protecting smartphone screens. In today’s digital age, smartphones are essential for accessing online services, and governments in developing countries are promoting digitalization...

Rising demand for Uninterrupted Power System (UPS) systems, particularly in data centers and other critical infrastructure is another key factor driving revenue growth of the market Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global lead acid battery market, valued at USD 47.08 billion in 2022, is set to sustain a strong growth trajectory with a projected revenue compound annual growth rate (CAGR) of 4.3% during the forecast period. Key factors propelling this expansion include the rising demand for lead acid batteries, technological advancements, and a thriving telecom sector. Lead acid batteries, known for their reliability and cost-effectiveness, find extensive use in applications such as telecommunications, data centers, healthcare facilities, and emergency lighting systems. Notably, these batteries enjoy a remarkable recycling...