Market size of Biochips (Microarrays/Microfluidics) is 10700 million US$ and it will reach 41300 million US$ in 2025, growing at a CAGR of 18.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Shotcrete Accelerator Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global GCC Shotcrete Accelerator industry with a focus on the Chinese market.
Developing nations such as China, India, and Malaysia are generating huge demand for acetyls consumptions. The major reasons for the increasing demand in this region are: growing demand from paints and coatings industry, rise in textile and packaging industry, and increasing consumption of adhesives in key industries such as construction and furniture industry. Vinyl acetate monomer is the key ingredient used in manufacturing adhesives, owing to its superior fiber forming, adhesives, electrical and optical properties.
In recent years, countries such as India, China, and Thailand have witnessed rapid economic growth which is characterized by large-scale industrialization, development of new power projects, and expansion of housing projects. Though the economic growth in these countries have helped in the improvement of lifestyle in these nations, the economic growth in these countries has also resulted in large-scale emission of pollutants in water bodies.
The Chinese electric bus market is projected to reach 299,866 units by 2025, witnessing a CAGR of 15.9% during the forecast period according to P&S Intelligence, the growth of the market is majorly driven by increasing government support for electric vehicles and falling battery prices.
Insights into market segments
The global electric vehicle charging station market grew from an estimated $1,645.6 million in 2015 and is expected to reach $29,683.3 million by 2022 growing at a CAGR of 51.7% during 2016 – 2022. The global market is categorized into AC and DC charging stations based on the source of charging.
The global automotive digital instrument cluster market size is projected to reach $6,590.2 million by 2023, according to P&S Intelligence.
The market growth is mainly driven by increasing sales of premium and electric cars. In addition, the growing penetration of in-vehicle safety features is expected to boost the market growth during the forecast period.