Market insights

The Next Generation Energy Storage market size in 2021 is estimated to be $18.5 billion and is projected to reach $34.9 billion in 2027 at a CAGR of 9.18% during the forecast period 2022-2027. Energy storage is the pivotal technology that is reshaping the energy sector by enabling widespread deployment and grid integration of solar and wind renewables, to accommodate optimum levels of renewable energy. Therefore, to overcome intermittency and availability issues, various industrial sectors, such as Transportation, Oil and Gas , Mining, Electronics and others are adopting technological advances to improvise the economics of energy storage, which eventually propels the Next Generation Energy Storage Systems Market. Furthermore, research and innovation in energy storage is rapidly evolving due to the rise of decentralized and renewable energy solutions, emergence of energy conversion efficiency, cost effective technology, introduction of materials with low environmental and social impact ...

The global bio-acrylic acid market size is forecast to reach US$9.2 billion in 2027 after growing at a CAGR of 7% during 2022-2027. The bio-acrylic acid market is on the rise owing to its eco-friendly and renewability nature as compared to conventional organic acids. Superabsorbent polymer is projected to contribute hugely to the market’s growth. Superabsorbent polymers come with excellent large volumes of liquid absorption and retaining quality which makes them suitable for fluid-containing products such as diapers, absorbent medical dressings, adult incontinence pads, etc. Acrylic esters dominated the market in the last few years. The acrylic esters are segmented into ethyl acrylate, methyl acrylate, hydroxypropyl acrylate, ethylhexyl acrylate, and butyl acrylate. Corn is anticipated to drive the bio-acrylic acid market’s growth owing to its renewable nature and increasing environmental concerns. The high usage of paints and coatings in the expanding construction activity is expecte...

  Nuclear materials market size is forecast to reach US$94.8 billion by 2027, after growing at a CAGR of 3.5% during 2022-2027, owing to the rising demand for nuclear materials such as plutonium isotopes, thorium, and uranium from various end-use industries such as medical, energy & power, aerospace, oil and gas, and others. The nuclear materials industry is driven by an increase in demand for electricity generation across the world. In addition, the demand for the nuclear materials market is been accelerated with the growing demand for its use in the aircraft and marine industry. Furthermore, the rapid growth of the defense sector has also increased its demand, thereby, enhancing the growth of the nuclear materials market. All these factors accumulatively are driving the growth of the nuclear materials market and is anticipated to drive the growth during the forecast period. COVID-19 Impact  The nuclear materials market was affected by the COVID-19 pandemic in 2020, due ...

Ceramic Coatings Market size is forecast to reach $12.5 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026 due to increasing consumption of ceramic coatings from various end-use industries such as automotive, aerospace & defense, healthcare, oil & gas, industrial goods, and others. Some ceramics are transition metal oxides semiconductors, which are used in aircraft due to low density. Ceramic coatings provide fuel efficiency for vehicles and reduce friction, thus; increasing vehicle production is expected to grow the demand for ceramic coating. In March 2020, Toyota Motor Corporation and Hino Motors, Ltd., announced plans to jointly develop a heavy-duty fuel cell truck. Heavy-duty trucks are typically used for highway transportation; therefore, they are required to have sufficient cruising range and load capacity as well as fast refueling capability. Apart from this, coatings are applied by techniques such as chemical vapor deposition, thermal spray , and others...