According to UnivDatos, the Plant-Based Food Market was valued at USD 24.03 billion in 2023 and is expected to grow at a robust CAGR of around 11.7% during the forecast period (2024-2032).
Market Dynamics
The major factors driving the plant-based food market include growing health consciousness among consumers, similar taste as of meat-based food products, lifestyle choices and purchases...
The Construction Lubricants Market is likely to showcase a growth of around 3.5% during the forecast period. This can be ascribed to the increasing construction activities in developing economies like China and India, as a result, demand for construction equipment is increasing. Since construction equipment deals with harsh climate conditions resulting in wear and tear of components, thus...
According to UnivDatos, the Construction Elastomers Market was valued at approximately USD 5.7 Billion in 2023 and is expected to grow at a robust CAGR of around 5.5% during the forecast period (2024-2032). This is mainly due to the rise in demand from important application domains along with the advancements in processing technologies. Moreover, elastomers possess great physical...
According to UnivDatos, the Medical Elastomers Market was valued at approximately USD 2.5 Billion in 2023 and is expected to grow at a robust CAGR of around 7.2% during the forecast period (2024-2032). Medical grade elastomers are polymers with elastic characteristics that are essential in the production of medical equipment. These elastomers meet worldwide regulatory criteria and are...
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