Industry Insights News

Rising demand for automation across end-users industries, growth in demand for wearable healthcare devices and other consumer electronics is driving the market. Market Size – USD 1.75 Billion in 2018, Market Growth - CAGR of 13.10%, Market Trends – Advancement in IoT and its application in electronic devices. The global  IoT MCU Market  is forecasted to reach USD 4.61 Billion by 2026, according to a new report by Reports and Data. The major factors attributed to the growth of the market are the rising demand for automation across end-users industries, growth in demand for wearable healthcare devices and other consumer electronics and advancement of IoT. APAC is expected to hold the largest market and is forecasted to reach USD 1.61 Billion in 2026, at the highest CAGR of 15.28% during the forecast period followed by North America. This is mainly accredited to advancement in technology innovation and increasing adoption of the automation technologies in various industry vertica

Increasing safety requirements for passengers, especially in growing economies and increase in technological advancements are the major factors influencing market growth. Market Size – USD 516.14 billion in 2018, Market Growth - CAGR of 5.6%, Market Trends –Rise in demand for electric vehicles. The global  Automotive Repair & Maintenance Service Market  is estimated to reach USD 810.30 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing need for passenger’s safety. Increase in awareness related to vehicle maintenance and safety is expected to drive the market. Increased road safety awareness among the general population, the average maintenance and repair expenses by an individual are anticipated to drive the market. Moreover, an increase in sales of used cars in many regions, especially in emerging economies; technological advancements pertaining to vehicle safety, are also fuelling market growth. Furthermore, cost

Growth in automotive sector and a swift advancement in industrialization is one of the major factor stimulating the market growth. Market Size – USD 24.42 billion in 2018, Market Growth - CAGR of 3.6%, Market Trends – Growth in construction activities. The global  Coated Fabrics Market  is expected to reach USD 32.55 Billion by 2026, according to a new report by Reports and Data. Textile fabrics are frequently coated to make them waterproof, windproof, electro-conductive, antimicrobial, flame retardant, thermo-chromic, electro-magnetic shielding, ultra-violet radiation shielding, photochromic, self-cleaning, and stain resistant among others. Coating is carried out to protect the textile materials along with the aim to protect thee users from various vulnerabilities.  Growth in automotive sector coupled with a rapid rise in industrialization across the globe is projected to propel the market for coated fabrics as increased demand for automobiles would directly influence the dema

Increase in demand from cosmetics Industry is likely to fuel the growth of Liquid Paraffin market Market Size – USD 2.09 billion in 2018, Market Growth - CAGR of 1.2%, Market Trends – Increase in investments in Cosmetics Industry  The  Liquid Paraffin market  is projected to grow at a rate of 1.2% by 2026, to reach USD 2.30 billion in 2026 from USD 2.09 billion in 2018, according to a new report by Reports and Data. Short-term growth till 2022 is projected to grow at a healthy pace of 0.7%. Turmoil in the physical commodity market price index along with surplus inventory stock for liquid paraffin is anticipated to decline the growth of this market during the period 2023-2026. Moving forward to 2019 and the following years, vulnerability in raw material prices remains a concern for this industry along with unpredictable trade policies adopted by major consumers and manufacturers’ country. Cosmetics, food & beverages, detergents and lubricant industry will continue to be a sign

Milk protein hydrolysates are projected to grow significantly owing to their multifunctional properties, and their increased applications in infant feed and sport nutrition products. Market Size – USD 542 million in 2018, Market Growth - CAGR of 8.1%, Market Trends – Marine protein hydrolysates are being increasingly used as functional ingredients in the food industry.  The  Protein Hydrolysate Market  is expected to reach USD 1013.2 million by 2026, according to a new report by Reports and Data. Increasing demand from infant nutrition is likely to stimulate market demand. Growing health-conscious consumer base mainly in North America and Europe is also a key factor influencing market growth.  Protein Hydrolysates are a mixture of different-chain-length peptides and free amino acids. Whey protein- a category of milk protein hydrolysates contains nine crucial amino acids and about 70-80% of protein elements. It is used in many industrial applications in dietician, clinical, the