Market Material Research

The global   neodymium market   size was estimated at USD 5.28 billion in 2024 and is projected to reach USD 7.30 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. This growth is primarily fueled by the increasing demand for permanent magnets across diverse industries. Neodymium magnets, commonly referred to as NdFeB magnets, are the strongest type of rare-earth magnets and play a vital role in high-performance applications. Their exceptional magnetic strength and compact form factor make them indispensable in electric motors, wind turbines, and consumer electronics. As the global transition toward energy-efficient and miniaturized technologies continues, the need for neodymium-based components has witnessed significant growth. Due to their strength and space-saving properties, neodymium magnets are critical in applications such as electric motors, renewable energy systems, and high-end electronics. In March 2024, LG Innotek announced a substantial scale-up in neod...

The global   natural stone market   size was estimated at USD 10.17 billion in 2024 and is projected to reach USD 14.11 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030. The market is experiencing significant growth due to the increasing demand for visually appealing and long-lasting building materials in both residential and commercial construction. Natural stones such as marble, granite, limestone, and sandstone are widely favored for their distinctive textures, patterns, and durability. With rising real estate development, especially in emerging markets, the demand for high-quality natural stone for flooring, countertops, wall cladding, and landscaping is surging. Luxury residential developments are incorporating natural stone more frequently for its aesthetic value and ability to enhance property valuation. The natural stone market is also being propelled by its expanding use in infrastructure projects. Global investments in large-scale infrastructure—such as a...

The global   positive displacement blowers market   size was estimated at USD 2,606.8 million in 2024 and is projected to reach USD 3,478.4 million by 2030, growing at a CAGR of 5.3% from 2025 to 2030. The market is experiencing robust growth, largely fueled by industrial expansion in key sectors such as manufacturing, food processing, and wastewater treatment. Positive displacement blowers are integral to various industrial processes, including pneumatic conveying, aeration, and ventilation, where consistent and high-pressure air delivery is crucial. As these sectors continue to expand and modernize, there is a growing demand for efficient, durable, and energy-optimized blower systems. Furthermore, stringent environmental regulations related to air emissions and wastewater management are prompting industries to adopt advanced blower technologies that support compliance while maintaining performance. These regulations are significantly contributing to increased adoption of pos...

The global   package boilers market   size was estimated at USD 9.84 billion in 2024 and is projected to reach USD 12.51 billion by 2030, growing at a CAGR of 4.4% from 2025 to 2030. This steady expansion is primarily driven by increasing industrial demand for efficient steam generation systems across various sectors such as food processing, chemicals, pharmaceuticals, and energy. Package boilers—pre-assembled and factory-tested—offer several key advantages, including quick installation, compact design, and reduced on-site construction. These features make them highly suitable for facilities with space limitations or tight project timelines. The market is also witnessing growth due to a shift toward automation and smart monitoring technologies. Advanced package boilers equipped with IoT-enabled sensors are gaining traction, enabling real-time performance tracking and predictive maintenance. Furthermore, stringent environmental regulations are prompting industries to phase out ...

  The global   strontium market   size was estimated at USD 248 million in 2023 and is projected to reach USD 378.7 million by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. This growth is primarily driven by increasing demand in the production of ceramic ferrite magnets and the medical industry, particularly for the prevention and treatment of bone-related disorders. One of the key growth contributors is the rising usage of bright and colorful fireworks, especially within the entertainment and event management sectors. This trend continues to support overall market demand. According to the American Pyrotechnics Association, display fireworks consumption in the U.S. reached 27.1 million lbs. in 2023, marking a 7% year-over-year increase. This uptick highlights the robust demand for strontium in pyrotechnics. Strontium’s most significant application lies in pyrotechnics and signals, where it is an essential raw material due to its ability to create a vivid red color ...

  The global   sachet packaging market   size was valued at USD 9.82 billion in 2024 and is anticipated to reach USD 13.52 billion by 2030, expanding at a CAGR of 5.5% from 2025 to 2030. The market's growth is primarily fueled by increasing demand for economical and convenient packaging options, expansion in the fast-moving consumer goods (FMCG) sector, and continuous innovations in packaging technologies. Sachets are widely adopted across industries such as food & beverages, personal care, pharmaceuticals, and household products due to their low cost, portability, and efficiency in preserving product freshness. A growing preference for single-use and compact packaging formats, especially in developing regions, continues to drive market expansion. The rising demand for affordable packaging solutions in emerging economies significantly boosts the market. In regions like Asia-Pacific, Latin America, and Africa—where price sensitivity is higher—sachets provide an economi...

  The global   BOPP films market   was valued at USD 26.14 billion in 2023 and is projected to grow at a CAGR of 5.92% from 2024 to 2030. This growth is largely attributed to the widespread use of BOPP films across various sectors, including packaging, labeling, and lamination. Biaxially oriented polypropylene (BOPP) films are highly favored due to their outstanding clarity, strong barrier characteristics, and high tensile strength, making them well-suited for packaging food products, consumer goods, and industrial materials. Type Insights In 2023, bags & pouches accounted for the largest market share, contributing 54.02% of the revenue. Their dominance stems from their broad usage in packaging for food and consumer goods. These packaging formats offer excellent durability, printability, and barrier properties—key attributes for preserving freshness and extending shelf life. The rising demand for flexible, user-friendly packaging continues to boost growth in this segm...

  For over a century, the steel industry has been the backbone of global development, literally. From skyscrapers to railroads, bridges to batteries, steel has built the modern world. But it also left behind a significant carbon footprint. Today, that narrative is rapidly shifting. The green steel market is now a key driver of revenue growth and strategic expansion within the global steel industry. As industries align with net-zero targets and stricter ESG mandates, green steel is produced using low-emission technologies such as hydrogen-based direct reduction and electric arc furnaces. Due to such sustainable steel manufacturing initiatives, the  global steel market  is growing rapidly, with a projection to attain a revenue of USD 1.92 trillion in the next five years. This shift is not only reshaping the future of steel production but also opening up significant opportunities for innovation, investment, and market diversification across the industrial landscape. Why Stee...

  The   North America electrical steel market   size is expected to reach USD 5.17 billion by 2030, expanding at a CAGR of 6.6% from 2025 to 2030, according to a new report by Grand View Research, Inc,.The market is projected to be driven by the increasing production of electric vehicles (EVs) and the rising need to improve energy efficiency in North America. Electrical steel is an iron alloy, also referred to as transformer steel, silicon electrical steel, and lamination steel. It is a soft magnetic material, which possesses enhanced electrical properties. It finds its usage in various applications such as motors, generators, solenoids, relays, and electromagnetics. Based on product, non-grain-oriented (NGOES) held a revenue share of over 65.2% in 2024 of the market. NGOES find applications in the entire energy value chain from generators to motors and appliances. It is available in numerous grades depending on properties, composition, and applications. Based on applicat...

  The global railing market size is expected to reach USD 71.73 billion by 2030 and is anticipated grow at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising investments in residential and non-residential construction owing to the rise in the population. Moreover, the migration of people from rural to urban areas for better growth opportunities is expected to further fuel the market growth. There has been a growing demand for composite railings in developed countries such as the U.S. and Canada as they are more economical than other materials in terms of their installation costs. Moreover, the demand for composite is also rising worldwide as they are environment-friendly. Several customers choose composite materials for developing railings due to environmental concerns. Composite railings are manufactured from recycled materials, such as discarded plastic milk bottles, plastic bags, and sawdust, which ofte...

The global gift wrapping products market size is anticipated to reach USD 31.31 billion in 2030 and is projected to grow at a CAGR of 8.4% from 2024 to 2030. The market is expected to witness rapid growth due to increase in product offerings by manufacturers in the market, along with increased spending by consumers on presents. The paper and board segment accounted for the largest market revenue share of 78.3% in 2023. Moreover, due to the overall ban imposed on plastic, biodegradable paper has witnessed significant product visibility. This is expected to propel market growth during the forecast period. Other materials such as textile and glass based wrapping products are also gaining traction due to increase in gifting food and beverage items such as chocolates, wine, and champagnes. Wrapping paper accounted for the largest market revenue share in 2023. Availability of a variety of colored, printed, and textured paper is expected to drive its demand in the next few years. Decorative...