Advance Material

The Carbon fiber market is likely to grow at a promising CAGR of 6% during the forecast period. Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. These fibers have a diameter of 5 to 10 micrometres and can be used as a strengthening material, particularly in resins and ceramics.

The industrial machinery seals market is expected to grow at a modest CAGR of 3.8% during the forecast period to reach a value of US$ 8.4 Billion in 2027. The long-term interpretations still seem fruitful with large-scale usage of seals in various equipment, such as hydraulic cylinders, pumps, valves, and machines, among others. The healthy growth of the industrial equipment market is likely to boost the market for seals as well.

The window films market is expected to grow at a promising CAGR of 5.1% during the forecast period. With the sudden outbreak of the pandemic, the window films market shrank. The majority of its end-use application industries experienced supply chain disruption, cash flow constraints, and production facility shutdowns. As a result of these factors, the demand for window films in end-use industries decreased.

The 5G fluoropolymers market experienced impressive growth of 60.3% in 2021 and is estimated to maintain its growth momentum (19.3% CAGR, value basis) over the next five years, reaching a value of US$ 437.3 million in 2027.

The sonar system market was estimated at US$ 5.5 billion in 2021 and is expected to grow at a CAGR of 2.7% during 2022-2028 to reach US$ ~7.9 billion in 2028. The market for sonar systems will be driven by the consistent expansion in the deliveries of military vessels. Few of the most cutting-edge sonar systems are used by military warships to achieve the maximum level of accuracy.

The plastic containers market is expected to grow at a healthy CAGR of 5.3% during the forecast period. Growing demand for rigid packaging from food and beverage manufacturers to increase product shelf-life and aesthetic appeal is expected to drive the plastic containers market recovery and growth. Furthermore, the popularity of plastic-based containers is growing due to their properties such as lightweight, non-permeability to moisture, durability, and protection from sunlight.

Polyacrylamide Market | Forecast & Strategic Assessment till 2027

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The Data Bus Market was estimated at US$ 17.5 Billion in 2021 and is expected to grow at a CAGR of 4.3% during 2022-2028 to reach US$ ~21.3 billion in 2028.

The missile guidance system market was estimated at US$ 451 million in 2021 and is expected to grow at a CAGR of 5.2% during 2022-2028 to reach US$ ~725 million in 2028.

The mining tires market is likely to grow at a promising CAGR of 5.1% in the long run to reach a value of US$ 5.3 Billion in 2027. Increasing government plans and programs aimed at boosting mining projects, rising demand for natural minerals in various end-use industries, coupled with the growing adoption of radial tires are one of the major factors driving the mining tires market across regions.

The PCB laminates market is estimated to grow at a decent CAGR of 4.1% during the forecast period to reach a value of US$ 20.5 Billion in 2027.

Rubber Anti-Tack Agents Market is likely to witness an impressive CAGR of 5.0% during the forecast period. The growth of the market is driven by increasing modifications in rubber processing as well as rapid growth in end-user industries such as automotive. Furthermore, growing demand for rubber processing chemicals for nitrile gloves is one of the key factors bolstering the overall industry growth during the forecast period.

The specialty tires market is estimated to grow at a healthy CAGR of 5.3% during the forecast period to reach a value of US$ 55.7 Billion in 2027. The long-term outlook is positive, with the specialty tires market expected to be driven by the increasing adoption of advanced technologies and the growing demand for heavy-duty tires.

Water Softener Market is likely to witness an impressive CAGR of 8.6% during the forecast period.