Strategic View Research

Persistence Market Research forecasts that the global   palm oil market   is poised to achieve a value of US$ 59.75 billion by the year 2022, displaying an expected Compound Annual Growth Rate (CAGR) of 4.2%. Furthermore, projections indicate that the market is likely to surpass US$ 90.1 billion by the year 2032. Accounting for a significant share of 25% to 30% in the global edible oil market, palm oil consumption is notably influenced by the South Asia market, commanding the highest value share at 39.7%. The period between 2017 and 2021 witnessed a steady 3.3% CAGR in the global palm oil market. Changing consumer preferences, driven by a growing emphasis on health consciousness, favor the consumption of pure and naturally extracted edible oils, particularly those devoid of genetically modified organisms, gluten, or dairy. The surge in demand for transparency and traceability in the food and beverage manufacturing sector aligns with consumers' preferences for high-quality prod...

  The global   luxury watches market   is set to grow at a CAGR of 9.5%, reaching US$44.4 billion by 2030 from US$23.6 billion in 2023. This growth is driven by technological advancements, material innovations, and a rising emphasis on sustainability. Key factors include advanced technology enhancing precision, intricate complications, and the showcase of technical prowess through features like tourbillons. Materials such as ceramic and high-tech alloys contribute to durability and aesthetics, while metallurgy advancements, like Sedna gold, enhance strength and resistance. Crystal technology, including anti-reflective coatings and sapphire crystals, improves visibility and durability. 3D printing allows intricate designs, fostering innovation. Notably, the luxury watch industry embraces eco-friendly materials and sustainable practices, responding to consumer demand for environmentally conscious products. The convergence of technology, materials, and sustainability is pois...

The global market for automotive active health monitoring systems is poised for robust growth, forecasted to achieve an impressive compound annual growth rate (CAGR) of 18.8%. This growth trajectory is expected to elevate the market from its 2023 valuation of US$481.3 million to a projected US$1,607.4 million by the year 2030. A comprehensive examination of the Automotive Active Health Monitoring Systems Market by PMR reveals promising opportunities for revenue generation among manufacturers and stakeholders in this sector. These monitoring systems, employing a combination of sensors, software, and data analytics, are designed to significantly enhance the safety and well-being of both drivers and passengers during vehicle operations. By tracking vital signs such as heart rate, respiration rate, fatigue, and body temperature, these systems actively contribute to promoting health consciousness. Some advanced systems even utilize microphones and cameras to assess the emotional state an...

  The global baby wipes market is on the verge of substantial growth, projected to achieve a robust compound annual growth rate (CAGR) of 5.7%, reaching a valuation of US$ 9.9 billion by 2032—an impressive increase from its 2021 valuation of US$ 5.4 billion. Currently, baby wipes constitute a 6%-8% share within the broader global Baby Care Market . The period from 2017 to 2021 witnessed a significant surge in the utilization of baby wipes, with key markets such as the U.S., China, Germany, and the U.K. making noteworthy contributions. The anticipated growth in the baby wipes market is primarily driven by an escalating awareness among parents regarding sanitation and safety, poised to be a significant factor fueling the increased demand for baby wipes in the foreseeable future. As parents become more conscious of the role germs and bacteria play in causing illnesses, the global popularity of baby wipes is experiencing a surge. This uptick is further propelled by a noteworthy incre...

  Market Overview: The latest market report from Persistence Market Research projects that the global Propylene Oxide Market is anticipated to reach a valuation of US$ 18,453.8 million by 2023. The market is poised to experience sustained growth, with an estimated value of US$ 30,636.7 million by 2033, maintaining a steady growth rate of 5.2%. Propylene oxide (C3H6O), a synthetic cyclic ether produced through dehydrochlorinating propylene chlorohydrin or indirectly oxidizing propylene, serves as a crucial precursor in the production of various chemicals. Widely utilized across industries such as automotive, electronics, textiles, and furniture, propylene oxide is expected to witness significant demand. The South Asia Pacific region is identified as one of the fastest-growing markets, driven by the substantial growth in end-use industries. Beyond its conventional applications, propylene oxide plays a role as a fumigant to eradicate insect and bacterial infestations in soil and ...