The industrial gearbox market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the industrial gearbox market. In addition, increasing investments in renewable power generation, with a skew towards wind power, is driving the industrial gearbox market.
The cryogenic valve market is expected to grow from an estimated $3 billion in 2018 to $3.75 billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market.
Biofertilizers are made from biological wastes and contain living microorganisms that enrich the nutrient quality of the soil. These microorganisms decompose organic matter and help in soil mineralization. This allows easier absorption of the same by plants, which further promotes their growth.
The pressure vessel market is projected to reach $184.87 billion by 2021, at a CAGR of 5.38% from 2016 to 2021. This growth is attributed to growing demand for electricity and power generation capacity additions. Increasing upstream & downstream activities in the oil & gas industry is the major factor expected to drive the pressure vessel market.
The synchronous motors market is expected to grow from an estimated $17.83 billion in 2016 to $21.49 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.
2-ethylhexyl caprate, also known as 2-ethylhexyl decanoate, is an organic chemical compound with the molecular formula C18H32O2. In the manufacturing of 2-ethylhexyl caprate, ethyl reacts with hexyl in the presence of caproic acid as a catalyst to form 2-ethylhexyl caproic acid, which on further treatment with esterification process forms a mixture of 2-ethylhexyl caprate crude. This mixture of 2-ethylhexyl caprate crude is distilled to obtain pure 2-ethylhexyl caprate.
The lowest temperature at which the vapors of volatile material ignites when provided with ignition source is known as flash point. Flash point is one of the important characteristic of chemicals and petrochemical products. Flash point is often used for distinguishing flammable chemicals and fuels which have close boiling points.
Density Tester is a device used for measuring the density of solid, liquid and gaseous substances. Density is a vital physical indicator that provides indications regarding the quality, concentration, purity and other critical parameters of a substance.
Differential scanning calorimetry (DSC) measures temperatures and heat flows related with thermal changes in a material that include polymers, rubbers, plastics, coatings, composites, chemicals, organic materials, laminates, and food, etc.
The rapid industrialization along with the technological advancements in water treatment technology is playing an important role in the growth of liquid density meters. The high growth and innovations in water and wastewater industries is creating the requirement for laboratory devices which are simpler to maintain and operate and due to this the demand for ultrasonic liquid density meters is increasing promptly. Moreover, the growing demand for rugged and corrosion-resistant liquid density meters for aggressive liquid measurement is creating potential growth opportunities for liquid density meters market.
Packaging market has presented a wide assortment of single-serve packaging frameworks into the market. Aluminum beverage bags are now gaining attention in the packaging industry with simpler, more secure, speedier, powerful and efficient methods for storage of different beverages. Light weight feature of aluminum beverage bags gives it an upper edge over other beverage packaging formats ultimately leading to higher adoption by most of the beverage companies.
Circular industrial bags are a type of flexible intermediate bulk container (FIBC), these bags are made up of woven fabric on a circular loom. Circular industrial bags are also known as tubular bags.