The global battery recycling market is projected to reach $11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and strong demand from the replacement market. Extraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.
The cladding systems market is projected to grow from $224.4 billion in 2018 to $292.5 billion by 2023, at a CAGR of 5.44% from 2018 to 2023. Demand for cladding solutions market can be credited to the high growth of construction industry across the globe. Factors such as increasing residential and non-residential construction and infrastructure activities, its high durability, and ability to enhance the aesthetic appearance of the buildings drives the demand for cladding systems.
Global sintered steel market size is projected to grow from $23.6 billion in 2019 to $28.3 billion by 2024, recording a CAGR of 3.7% from 2019 to 2024. The high growth in the construction & transportation industry and electrical & electronics usage across regions is projected to drive the market growth. Factors such as the increasing technological advancement in the automotive sector, rising building & constructional activities, will drive the demand for sintered steel.
MarketsandMarkets projects that the form-fill-seal market size will grow from $15.31 billion in 2016 to $19.47 billion by 2021, at a compound annual growth rate (CAGR) of 4.92% from 2016 to 2021. The increase in demand for form-fill-seal from the manufacturing and food processing sector is driving the growth of this market.
Goldstein Research in its latest study forecasts India video surveillance market to reach $5.0 billion by the end of 2024 from $850 million in 2016, growing at a CAGR of 33%. Rising incidents of terrorism, thefts, burglary, and other human and material safety related issues are driving the growing demand for video surveillances.