Market Material Research

The global   missile market   size was valued at USD 55.70 billion in 2023 and is projected to reach USD 93.56 billion by 2030, expanding at a CAGR of 7.4% from 2024 to 2030. Market growth is fueled by rising defense expenditures, advancements in missile technologies, heightened focus on national security, and the increasing need for effective deterrence against terrorism, regional conflicts, and other emerging threats. Regional Highlights: North America remained the largest market in 2023, while Asia Pacific is expected to emerge as the fastest-growing region during the forecast period The demand for advanced missile systems is accelerating as countries focus on modernizing their defense capabilities. Nations are increasingly investing in long-range, precision-guided, and next-generation missile technologies to enhance deterrence and maintain strategic superiority. The integration of advanced guidance and control technologies—such as GPS navigation, inertial navigation system...

The global   mining lubricants market   size was valued at USD 6.40 billion in 2021 and is projected to reach USD 8.96 billion by 2030, registering a CAGR of 3.8% from 2022 to 2030. The market growth is primarily driven by the rising demand for lubricants that enhance the performance and efficiency of mining equipment and machinery. The global mining lubricants market is witnessing steady growth, fueled by the shift from manual lubrication to advanced automatic lubrication systems, which significantly improve operational efficiency. Moreover, the industry is gradually transitioning from synthetic-based to bio-based lubricants, influenced by government regulations, sustainability initiatives, and evolving consumer demand. These changes are reshaping product development strategies and fostering the adoption of innovative technologies. In addition, the market is experiencing a rising preference for lubricants with properties such as long service life, low volatility, and high pur...

  The global   mining logistics market   size was valued at USD 28.86 billion in 2023 and is projected to reach USD 75.66 billion by 2030, expanding at a CAGR of 14.9% from 2024 to 2030. Market growth is primarily driven by the rising demand for metals and minerals, expansion of mining activities in remote locations, and continuous technological advancements in logistics solutions. Countries such as China, India, and Brazil are experiencing rapid industrialization and urbanization, which significantly increases the consumption of raw materials. This, in turn, fuels demand for efficient logistics solutions to transport resources from mining sites to processing facilities and end-users. The expansion of mining activities into remote and difficult-to-reach areas is also a major growth driver. With easily accessible mineral deposits declining, companies are exploring new deposits in challenging terrains, necessitating advanced and specialized logistics solutions. Furthermore,...

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...