Construction Intelligence Report

  Petrochemicals Industry Overview The global  petrochemicals market  size is expected to reach USD 1,002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.   Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.   Petrochemicals Market Segmentation Grand View Research has seg...

  Horizontal Directional Drilling Industry Overview The global  horizontal directional drilling market  size is estimated to reach USD 14.86 billion by 2028, expanding at an estimated CAGR of 6.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising emphasis on minimizing the environmental impact of drilling and boring activities, rapid urbanization, and the inconvenience caused to the public due to the increased open-cut utility installations are some of the key factors driving the Horizontal Directional Drilling (HDD) market growth. Rising environmental concerns have contemplated regulatory bodies worldwide to create regulations that require organizations to minimize ecosystem exploitation. For instance, the U.S. Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) require that unconventional oil and gas exploration companies abide by the specified safety standards to minimize environmental dama...

  Industrial Vending Machine Industry Overview The global  industrial vending machine market  size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027, according to a new study by Grand View Research, Inc. The increasing need for downtime cost reduction in companies is expected to drive the growth of the market over the forecast period. Industrial vending machines are expected to lower operational downtime by enabling companies to efficiently manage their inventory. Moreover, these systems are available in different types such as carousel and coil vending machines and are designed by original equipment manufacturers (OEMs) to cater to diverse requirements across various end-use industries. Increasing regulations in companies concerning employee safety are expected to drive the growth of the market. Vending machines for personal protective equipment (PPE) are increasingly being implemented in manufacturing and oil and gas companies...

  Construction Equipment Industry Overview The global construction equipment market size was valued at USD 112.98 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030. The worldwide rise in construction activity is anticipated to drive the demand for these equipment. Favorable government initiatives such as stimulus packages and lower housing rates that inclined consumers for new house purchases are key factors expected to drive market growth over the forecast period. However, supply chain and inventory concerns coupled with semiconductor shortages are likely to hinder the market growth over the next few years. The rising popularity of electric construction equipment is expected to create new revenue streams for the OEMs over the next few years. These equipment are operated on batteries and offer various attributes such as lower maintenance, reduced noise, lesser vibration and provides greater convenience for laborers to oper...

  Minimally Invasive Surgical Instruments  Industry Overview The global minimally invasive surgical instruments market size was valued at USD 19.96 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.  Surgical robots have revolutionized the field of minimally invasive surgeries and their acceptance by the surgeons is rising globally. The cost of minimally invasive surgical (MIS) procedures is significantly less than in-patient and conventional open surgeries with equal outcomes resulting in a significant increase in value for the patient as well as insurance providers. This trend is likely to continue in the coming years. Increasing launch of new products and a growing number of product approvals by several market players for gaining a larger market share are anticipated to create robust growth opportunities during the forecast period. For instance, in December 2020, Abbott launched a minimally invasive he...

  Contrast Media Injectors  Industry Overview The global contrast media injectors market size was valued at USD 1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.83% from 2022 to 2030. The growth of the contrast media injectors market is attributed to the rising prevalence of chronic disorders, technological advancements, along with globally increasing demand for minimally invasive surgical procedures. The COVID-19 outbreak had a negative impact on the contrast media injectors market. Many radiology departments saw a rapid drop in imaging case volume during the COVID-19 pandemic, resulting in a slump in demand for contrast media injectors.    Gather more insights about the market drivers, restrains and growth of the Global Contrast Media Injectors Market   According to an article released by the Radiology Society of North America in April 2020, the pandemic will have a significant influence on radiology pr...

  Defoamers  Industry Overview The global defoamers market size was valued at USD 3.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. The market growth is attributed to the increasing usage of the product in numerous agrochemicals, including pesticides and fertilizers, and significant growth in the infrastructure of water treatment. The product plays a significant role in minimizing the carbon footprint caused by manufacturers and end-users, which is likely to propel the demand for low VOC solvent-free defoamers. Manufacturers are focusing on the usage of bio-based and sustainable raw materials instead of petro-based variants. Producers, on the other hand, are focusing on the development of modified and high-performance silicone compounds to enhance product performance.   Gather more insights about the market drivers, restrains and growth of the Global Defoamers Market   The product is wi...