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As per the report by International Organization of Motor Vehicles Manufacturers, the total number of cars and   commercial vehicles   manufactured globally in 2018 surged to   91.53 million . The growth of the automotive industry is attributed with the development in the material testing market . Every single vehicles and its parts manufactured must go through testing procedure that is fueling the growth of the material testing market. Apart from the automotive industry, application segments of the material testing market expand to construction, aerospace and defense,   medical devices , power, and others. The global material testing market value stood at $700 million in 2018. And, the compulsion laws to test each material for quality assurance will drive the market with compound annual growth rate   (CAGR) of 4%   during the forecast period of 2019-2025. APAC is the positioned as the leading region in the material testing market. The rapid industrializatio...

Betaine market size is  forecast to reach US$875 Million by 2026, after growing at a CAGR of 5.75% during  2021-2026.   Betaine signifies to an organic nitrogenous compound that is used up for blocking the build-up of amino acid in blood vessels. It is naturally found in microorganisms, plants and animals, includin g seafood, wheat, spinach and sugar beets, and can be chemically synthesized using chemical agents and intermediates.   Trimethylglycine  (TMG) is an amino acid derivative that occurs in plants. It was the first betaine discovered, originally it was simply called betaine. It is used to treat  homocystinuria  and can be used as a  stomach acidifier . The market of Betaine is growing as the demands are rising in animal feed, detergent and personal care industries. The betaine market is dominated by North America in terms of revenue. The major factor responsible for potential development of this market in North America is increasing aware...

Polypropylene & High-impact Polystyrene Market size is forecast to reach $62.9 billion by 2025, after growing at a CAGR of 5% during 2020-2025. With rise in the consumption everyday objects such as packaging trays, household products, battery cases, medical devices, among others, the polypropylene & high impact polystyrene market is witnessing an increase in demand. High impact polystyrene (HIPS) is a low-cost, plastic material that has excellent impact resistance and stability, will further enhance the overall market demand for Polypropylene & High-impact Polystyrene during the forecast period.  Report Coverage The report: “Polypropylene & High-impact Polystyrene Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polypropylene & High-impact Polystyrene Industry.  By Material –  Polypropylene, Filled Polypropylene, Composite Polypropylene, High-Impact Polystyrene. By Application -  Consume...

Polyester Staple Fiber Market is forecast  to reach $24.5 billion by 2026, after growing at a CAGR of 6.1% during 2021-2026.   Polyester is a synthetic polymer produced from purified terephthalic acid (PTA) or its dimethyl ester terephthalate (DMT) and monoethylene glycol (MEG).   Globally, rising demand for apparel, increasing automotive industry, increasing government initiative, and increasing construction activities in various regions, are the prime growth drivers of the global polyester staple fiber market. Furthermore, new opportunities will be created for the global polyester staple fiber market, owing to the increasing popularity of bio-based   polyester staple fibers , and increasing adoption of polyester staple fibers for application in newer industrial verticals. However, for the global polyester staple fiber market, fluctuating prices and supply of crude oil and complex production processes are the key constraints. The coronavirus (Covid-19) pandemic has...