As per a new report published by Global Market Insights Inc., the hot-melt adhesives market was estimated at U.S. $12.25 billion in 2021 and is projected to exceed $19.35 billion in revenue by 2028 — progressing at a CAGR of 7% from 2022 to 2028. There is a reason for this. Hot-melt adhesives have a long shelf life,…
Automotive fastener market revenue to hit $21.5 billion by 2028
The automotive fastener market is set to reach U.S. $21.5 billion by 2028, as reported in a research study by Global Market Insights Inc. The development of more versatile, universal fasteners is expected to boost the production statistics. Automotive fasteners are playing a major role in terms of new and specific applications, including the electrification of vehicles and…
Virtual twins will drive the digital evolution of industrial
Rapid advancement towards digital transformation will position digital twins as crucial elements for businesses worldwide. By Saloni Walimbe, Global Market Insights Inc. The digital revolution is making its way across the industrial world at a breakneck pace. Various industrial sectors are adapting to this evolution by integrating key technologies like AI (artificial intelligence), VR (virtual…
Aerospace and defense C-class parts to cross $15.8 billion by 2027
According to the latest report by Global Market Insights, the market valuation of aerospace and defense C-class parts will cross the U.S. $15.8-billion mark by 2027. Commercial and military activities are significantly increasing in the aircraft industry, supporting the market growth during the forecasted timeframe. The aerospace and defense C-class parts market size was valued at…