trending research reports

The global  cellulose derivatives market  size is expected to reach USD 10.7 billion by 2030, registering a CAGR of 6.8% from 2023 to 2030, as per the new report by Grand View Research, Inc. The market is experiencing significant growth, driven by the increasing demand from the food and beverage industry. Cellulose derivatives are used as thickeners, stabilizers, and emulsifiers in a variety of food products, such as ice creams, yogurts, sauces, and dressings. Cellulose Derivatives Market Report Highlights Carboxymethyl cellulose is the fastest-growing type segment with a CAGR of 9.3 % on account of its use as a viscosifier and suspension agent to control the rheological properties of the drilling fluid The industrial grade segment is expected to expand with a CAGR of 6.6% since it is used as raw materials in various applications such as textiles, cellulose acetate, cellulose nitrate manufacturing, papermaking, and the production of adhesives, sealants, and gels ...

The global  nitric acid market  size is expected to reach USD 35.9 billion by 2030, registering a CAGR of 2.4% from 2023 to 2030, as per the new report by Grand View Research, Inc. The growth is attributed to the rising demand for fertilizers by the agrarian economies of the world. The surge in the demand for fertilizers is witnessed by the excessive rise in demand for food. Fertilizer is the major application of nitric acid which caters to the maximum share across the global market. Farmers are adopting new technologies to speed up their crop yield to satisfy their excessive need. The product is also consumed in the manufacturing of adipic acid which is an important raw material in the development of Nylon 6, 6. Nylon 6, 6 is used extensively in the manufacturing of plastics and industrial carpets. Nitric Acid Market Report Highlights ·          Nitrobenzene application witnessed the fastest growth rate with a CAGR of ne...

The global  electric power steering market  size is anticipated to reach USD 39.27 billion by 2030, registering a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Evolving consumer preferences and the impact of government policies and regulations drive the market's growth. Technological advancements play a crucial role in propelling market growth by enhancing the efficiency and performance of electric power steering systems. Electric Power Steering Market Report Highlights Based on mechanism, the collapsible EPS accounted for the largest market revenue share in 2023. Increasing focus on reducing vehicle weight and complexity by the OEMs is driving the demand for collapsible EPS, as it offers a lightweight and efficient solution compared to traditional steering systems. In terms of type, the Rack Assist Type (REPS) segment is anticipated to register the fastest CAGR over the forecast period. The growth is attributed to its unique desig...

The global  payment as a service market  size is expected to reach USD 45.84 billion by 2030, expanding at a CAGR of 15.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The proliferation of smartphones for online shopping, rising E-commerce sales, and increasing internet penetration rate are some of the major factors that are driving the industry’s growth. Initiatives being adopted by various governments worldwide to promote digital payment are also contributing to the growth. Moreover, payment service providers’ emphasis on providing upgraded payment solutions also bodes well for growth. Payment As A Service Market Report Highlights ·          The platform segment dominated the market in 2022. The development of different payment modes for transactions along with credit facilities for vendors and consumers is expected to drive segment growth ·     ...