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The global Drilling Fluids Market was estimated to be at $6,100.0 million in 2021, which is expected to grow with a CAGR of 7.8% and reach $12,927.6 million by 2031. The growth in the global drilling fluids market is expected to be driven by increasing onshore and offshore drilling activities due to the rise in energy demand.
Market Lifecycle Stage
The global Sodium-Ion Batteries Market is projected to reach $4,368.0 million by 2031 from $528.0 million in 2021, growing at a CAGR of 25.91% during the forecast period 2022-2031.
Specialty Carbon Black is utilized in various applications, such as printing, paints, coatings, plastics, fiber, and paper. The growth in the global Specialty Carbon Black Market is expected to be driven by its increasing use as a pigment in plastics. However, government regulations regarding its utilization and volatile raw material prices are anticipated to hinder the market growth in the upcoming future.
Market Lifecycle Stage
The demand for green ammonia is anticipated to grow with increasingly stringent carbon emission regulations and zero-carbon energy goals. Also, there is increasing cognizance that ensures energy security from low-carbon intermittent sources, which requires long-term sustainable energy storage and the identification of suitable carriers. Moreover, continuously decreasing the cost of hydrogen production through electrolysis is another factor to spur the demand for green ammonia during the forecast period (2024-2031).
The Lithium-Ion Battery Metals Market was valued at $14,539.70 million in 2021 and is expected to reach $286,085.77 million by 2031, growing at a CAGR of 34.00% between 2022 and 2031. The lithium-ion battery metals market is driven by several factors, including the surging demand for Li-ion batteries from the automotive industry, consumer electronics, and energy storage systems. In recent years, Li-ion batteries have registered an exponential surge in demand from the automotive industry, with sales of electric vehicles (EVs) reaching record heights.
Market Lifecycle Stage
Carbon Capture Utilization and Storage Market was valued at $2,100.0 million in 2021 and is expected to reach $12,159.6 million by 2031, growing at a CAGR of 19.2% between 2022 and 2031. The growth in the global carbon capture utilization and storage market is expected to be driven by an increasing focus on reducing carbon emissions and the growing demand for enhanced oil recovery (EOR). Lack of storage facilities and leakage of CO2 from underground storage are some key restraining factors of the industry.
Market Lifecycle Stage
Eco-Friendly bitumen is an emerging market which is projected to follow an upward growth trend primarily driven by growing consumers' inclination towards sustainable construction. Eco-friendly bitumen is available in multiple forms in the market such as bio-based bitumen, recycled bitumen, and natural bitumen. Recycled bitumen registered the highest demand in the global eco-friendly bitumen market owing to increasing awareness regarding road pavements recycling and environmental benefits associated with the same.
The global PP Compound Market for Automotive Industry is expected to reach $17,324.8 million by 2031, with a CAGR of 5.6% during the forecast period 2021-2031. The growth in the market is expected to be driven mainly by the need to reduce the weight of vehicles and demand for cheaper products that can be used in automotive parts.
Impact of COVID-19 on the Global Polypropylene (PP) Compound Market for Automotive Industry
The high-end synthetic suede market is in a growing phase. The material gained prominence when ethical and environmental concerns were raised over the use of natural suede, which involves the slaughtering of animals. Since then, the use of synthetic suede has picked up, and most of the synthetic suede is being made using plastic recycled fibers; however, now, the use of bio-based materials has picked up.
High-End Synthetic Suede Industry Overview
One of the main hardware required for 5G end-user applications is an active antenna system. These active antenna systems enable the concept of remote radio head by integrating the antenna and meet 5G challenges of enhanced capacities using space diversity and localized beams via massive multiple-input multiple-output (MIMO) technology. These MIMOs are used in 5G base stations and smartphones. These antennas are made of printed circuit boards PCB that use various substrate materials such as polytetrafluoroethylene (PTFE), polyimide (PI), liquid crystal polymer (LCP), ceramics, and glass.
