The global market for industrial fasteners is estimated at U.S. $89.7 billion in the year 2022 and is projected to reach a revised size of $124.9 billion by 2030 — growing at a CAGR of 4.2% over the analysis period 2022-2030. This is according to a new report from ResearchAndMarkets. The global industrial fasteners market…
Global welding machinery market to hit $21.5 billion by 2030
The global market for welding machinery estimated at U.S. $13.1 billion in the year 2022, is projected to reach a revised size of $21.5 billion by 2030 — growing at a CAGR of 6.4% over the analysis period 2022 to 2030. This is according to a new report from ResearchAndMarkets. Arc welding, one of the…
Global bolts market to reach $11.44 billion by 2030
The global bolts market is projected to experience substantial growth, with an expected value of $11.44 billion by 2030, up from $8.29 billion in 2023 — at a CAGR of 4.7% during the forecast period. This is according to a new report from MarketsAndResearch. Market overview The global bolts market is a vital industry that encompasses the manufacturing,…
There’s a growing demand for bio-based adhesives
The adhesives industry is evolving, attributed to the stricter implementation of government regulations for volatile organic compounds (VOCs), the ban on toxic chemicals in adhesive manufacturing, and the rising consumer demand for sustainable products. In line with these transformative trends, adhesive manufacturers aim to offer sustainable solutions while moving toward sustainable production and consumption processes…
Demand for bioadhesives expected to grow rapidly
The global bioadhesives market is expected to reach U.S. $65.1 billion by 2028, increasing rapidly owing to the population and environmentally friendly substitutes of synthetic adhesives. The global market was valued at $44.37 billion in 2020, according to a new report from ResearchAndMarkets. Bioadhesives are natural polymers with an enclosed molecular composition that doesn’t allow infiltration between the…
The demand for bio-based adhesives is growing significantly
The global bio-based adhesives market is expected to grow at a CAGR of 4.85% until 2027, according to a new report from ResearchAndMarkets. The global industry is expected to witness an absolute growth of 32.85% during the forecast period. Factors like evolving emission regulation across the globe, rapid industrialization across emerging economies, and the stringent regulation to…
Global power-tool accessories market is growing, thanks to new construction
The global power-tool accessories market is expected to grow at a CAGR of 6.55% during 2022-2027, according to a recent report from ResearchAndMarkets. Power tools are an efficient solution for workers across industries that also help eliminate manual labor. These tools — which include drilling and fastening tools, demolition tools, sawing and cutting tools, and…
Aerospace interior adhesive market expected to reach $1.38 billion in 2026
The global aerospace interior adhesive market is expected to grow from $1.03 billion in 2021 to $1.11 billion by the end of 2022 at a compound annual growth rate (CAGR) of 8.3%. The aerospace interior adhesive market is expected to reach $1.38 billion in 2026 at a CAGR of 5.6%. This is according to a…
Global adhesives and sealants market expected to hit $85.8 billion by 2026
The adhesives and sealants market is projected to grow from U.S. $71.4 billion in 2021 to $85.8 billion by 2026, at a CAGR of 3.7% between 2021 and 2026. This is according to a new report from ResearchAndMarkets. The major drivers for the growth are increased demand for adhesives in the medical industry, increasing demand…
Adhesives and sealants market size to hit $95.41 billion by 2028
The global adhesives and sealants market size is expected to reach U.S. $95.41 billion by 2028, expanding at a CAGR of 6.0% during this time. This is according to a new report from ResearchAndMarkets. Rising investments in construction and infrastructure are projected to play a key role in the expansion of the market. The positive outlook…