Nigeria Gas Genset Market Will Hit $514.4 Million by 2030
The total value of the Nigerian gas genset market was $259.8 million in 2021, and it will rise at a growth rate of above 7.9% in the near future, to reach $514.4 million by 2030. The main reasons behind the growth of this industry are, thriving commercial and industrial development.
The global micromobility telematics market is projected to be worth USD 13,010.4 million by 2030, growing at a CAGR of 26.7%, according to P&S Intelligence. This growth can be credited to the massive acceptance of micromobility on the worldwide level, which is boosting the requirement for such systems.
With the quick addition of network services, smartphone connectivity, locking mechanisms, and fleet optimization into these services, the industry is projected to advance swiftly.
Aerospace science is progressively moving to composite resources mainly because of durability, low weight, low electrical conductivity, and high strength. Composites are very much suitable for aircraft construction.
Copolymers, such as epoxy adhesives, are created by combining a hardener with a resin. Epoxy adhesives are the most popular structural adhesives because of their exceptional qualities, including great strength, the ability to attach to a broad range of materials, and chemical and environmental resistance.
These adhesives can be found in a variety of systems, including one-component, heat-curing, and two-component, room-temperature systems. As per a report by P&S Intelligence, by 2030, it is predicted that the epoxy adhesive market will hit $13,483.9 million.
The total size of the crop protection chemicals market in the recent past was USD 78,407.3 million, and will reach USD 117,436.6 million by 2030, propelling at a rate of 4.6% in the years to come, as per a report published by a market research firm, P&S Intelligence.
Herbicides had the largest revenue in the industry of around USD 40 billion, as these are employed for the manipulation or controlling unwanted vegetation and endorsing the growth of necessary species.
Automotive adhesives and sealants are used in a wide range of applications, from small sensors to big vehicle frames. To keep the vehicle's weight down, many high-performance automobiles are made of lightweight composite materials. Because these composite materials cannot be welded, mechanical fasteners must be used, which adds to the vehicle's weight while also being unattractive and prone to coming loose. Structural adhesives are popular among automobile industry specialists because they make it simple to attach multiple types of materials.
As per a report published by P&S intelligence, the total value of the ethylene vinyl acetate market was USD 7,060.8 million in 2021, and it will grow at a rate of 7.2% by the end of this decade to touch USD 13,149.7 million by 2030.
As stated by a market research firm, P&S Intelligence, the total size of the mobility-as-a-service market was USD 128,489.2 million in 2021, and it will power at a rate of 16.8% in the years to come to reach USD 519,697.5 million by 2030.
Car dominated the mobility-as-a-service market in the recent past. The early initiation of car rental and carsharing services is the main factor behind the domination of the industry.
Furthermore, the advanced value chain and governing support in numerous nations have supported the requirement for carsharing and car rental services.
In 2021, the polyethylene glycol market size stood at $4,534.8 million; it is expected to reach $6,909.6 million by 2030, growing at a rate of 4.8% from 2021 to 2030, attributed to the surge in demand for polyethylene glycol in the pharmaceutical industry to manufacture drugs and medical devices. Similarly, the increase in demand for PEG in inks, paints and water-based coatings drives the market growth. Moreover, the massive usage of polyethylene glycol as a specialty solvent or surface-active agents such as conditioners, shampoos, lotions, toothpaste and deodorants propel the market.
The rising environmental concerns, increase in demand for carbohydrase and protease in the food and beverage industry, and growing R&D activities leads to industrial enzyme market proliferation. The rapid industrialization, surging bioethanol demand, and advancements made in the nutraceutical sector also boost the market. Besides this, developments in enzyme engineering and green chemistry and the rising use of genetically engineered enzymes in the industry lead to market expansion.
