Press Release

According to a market report, published by Sheer Analytics and Insights, The Global Outsourced Semiconductor Assembly and Test (OSAT) Market was valued at $45.3 billion in 2022 and it is expected to reach $90.1 billion at a CAGR of 7.1% between 2022 and 2032.  Outsourcing has a significant role in the semiconductor business as well. The manufacturing portion of developing a semiconductor product depends more on the assistance of outside vendors than the designing portion does. FABs and OSATs are the two notable instances of semiconductor outsourcing. Additionally, advancements in packaging platforms, such as fan-out packaging and 3D flip chip technology, are being fueled by the expanding commercialization of applications like AI and 5G to solve the demand for high power consumption and deliver advantages like improved chip comm...

According to a market report, published by Sheer Analytics and Insights, The global caprolactam market was valued at $16.43 billion in 2022 and it is expected to reach $32.1 billion at a CAGR of 6.9% between 2022 and 2032. Low initial infrastructure expenditure and technical complexity are required for caprolactam manufacture. Over the past few years, there has been a sizable demand for nylon 6 resins and fibers, and this trend is anticipated to continue throughout the projection period. Additionally, the business is anticipated to benefit from technological advancements that enhance the production process to reduce the discharge of ammonium sulfate, which is harmful by nature. Additionally, the creation of industrial yarns, floor coverings, technical plastics, and films are just a few uses for nylon 6. Growth in these end-us...

According to a market report, published by Sheer Analytics and Insights, The global fast fashion market was valued at $130.2 billion in 2021 and it is expected to reach $278.9 billion at a CAGR of 7.9% between 2022 and 2032.  Fast fashion spread as a result of more affordable, quick manufacturing and shipping processes, customers' growing appetite for contemporary fashions and consumers' increased purchasing power particularly among young people to satisfy these desires for fast gratification. Fast fashion is posing a threat to the established clothing labels' practice of releasing new collections and lines on a systematic, seasonal basis as a result of all of the aforementioned factors. Additionally, organized retail offers businesses a highly competitive atmosphere where they may grow their operations and introduce new ide...

According to a market report, published by Sheer Analytics and Insights, The global gas turbine services market was valued at $15.1 billion in 2022 and it is expected to reach $24.3 billion at a CAGR of 4.9% between 2022 and 2032. Power is in high demand worldwide as a result of rapid industrialization and population growth. As the energy sector transitions away from conventional systems and toward clean power sources, the number of gas turbine installations is rising. Important nations also want to increase the construction of gas-fired power facilities in the future. During the installation of these plants, significant equipment manufacturers are also signing multiyear contracts. Additionally, they are also capable of running constantly at base load for long periods. Additionally, the high efficiency and durability of t...

According to a market report, published by Sheer Analytics and Insights, The global glamping market was valued at $3.5 billion in 2022 and it is expected to reach $14.5 billion at a CAGR of 15.3% between 2023 and 2032.  Sales in the market are being driven by consumers' growing choice for upscale camping facilities like beds, Wi-Fi, spas, bars, bathrooms, power, and cleaning services. Glamping encourages sustainable tourism while providing a welcoming and comfortable hotel experience. Additionally, businesses in the tourist sector are providing cutting-edge and distinctive accommodations to lessen the effect of seasonality on their operations, which is anticipated to boost the market in the ensuing years. The emergence of portable systems for luxurious lodging in attractive locations is driving the demand for glamping. Demand is incr...

According to a market report, published by Sheer Analytics and Insights, The global hair extension market was valued at $7.3 billion in 2022 and it is expected to reach $22.2 billion at a CAGR of 11.8% between 2023 and 2032. Fashionistas are particularly careful about their style & look while attending public gatherings. Therefore, people use cutting-edge artificial hair integration products to create hairstyles that suit the occasion. In addition, the adoption of novel haircuts by consumers and shifting fashion trends are two further positive aspects driving demand and supply for the product. Additionally, as hair products are extremely helpful in covering split ends, maintaining hair density, and coloring the wig without affecting the root health, doctors and fashion experts now strongly advise using them. For instan...

According to a market report, published by Sheer Analytics and Insights, The global patient registry software market was valued at $1.8 billion in 2022 and it is expected to reach $8.9 billion at a CAGR of 17.3% between 2023 and 2032. Over the projected period, an increase in clinical trials by significant pharmaceutical and biotechnological businesses is anticipated to fuel the market for patient registry software. Patient tracking for clinical trials is made easier with the use of data acquired through patient registry software. Moreover, associated advantages such as higher cost-effectiveness, efficient resource management, and lower healthcare IT cost, are further increasing the opportunity for market expansion. In addition, increased market penetration and undiscovered potential are anticipated to fuel market ex...

According to a market report, published by Sheer Analytics and Insights, The global shock absorber market was valued at $14.2 billion in 2022 and it is expected to reach $23.1 billion at a CAGR of 5% between 2023 and 2032.  During the forecast period, the market expansion is anticipated to be aided by the aviation industry's growing demand for satellite communication solutions to enhance airline operations and air traffic management. In addition, the development of satellite communication in the connectivity field has compelled Satcom operators to provide worldwide Internet of Things solution deployment. Currently, satellites provide support for more than 2.7 million devices, including those utilized for military support, infrastructure, trade, environmental monitoring, and aviation. The introduction of the 5G network and sever...

According to a market report, published by Sheer Analytics and Insights, The global plant-based food market was valued at $60.21 billion in 2021 and it is expected to reach $134.3 billion at a CAGR of 7.3% between 2022 and 2032. Plant-based cuisine Growth describes a range of culinary items created using only organic plant-based materials. Dairy alternatives, egg alternatives, meat alternatives, nutrition, beverages, baby food, basics, and other sorts of plant-based food are among them. Additionally, the growing amount of R&D and new product releases by producers of plant-based protein alternatives and rising markets in the Asia-Pacific, Latin America, and the Middle East & Africa are anticipated to open up profitable prospects for market participants. However, factors including the significantly higher price range of...

According to a market report, published by Sheer Analytics and Insights, The global medicated skin care products market was valued at $3.4 billion in 2021 and it is expected to reach $8.5 billion at a CAGR of 8.4% between 2022 and 2032. Over the past several years, there has been an increase in demand for skincare products due to growing knowledge of the many advantages of utilizing them. In addition, there is a trend toward natural and organic skincare products, making this a significant area of the cosmetics and wellness market. Natural resources are used to create organic products, which are devoid of dangerous chemicals. Additionally, growing skin care issues like acne, pimples, and scars in both children and adults are major drivers of market expansion. The necessity for medicated skin care products is furthe...

According to a market report, published by Sheer Analytics and Insights, The global multi-mode receiver market was valued at $700.9 billion in 2021 and it is expected to reach $1121.1 billion at a CAGR of 4.2% between 2022 and 2032. An MMR consolidates several functions into a small space, hence lightening and expanding an aircraft. In challenging circumstances, it also helps the pilot position, navigate, and land the aircraft. The MMR market is projected to benefit from these factors. In addition, MMR reduces the total size, power consumption, and equipment costs while improving aviation safety by integrating different standalone receivers into a single unit. The main driver driving the global market is the expanding demand to lighten aircraft, make the most of available space, and increase their efficiency. A major growth-ind...

According to a market report, published by Sheer Analytics and Insights, The global biohacking market was valued at $10.1 billion in 2021 and it is expected to reach $90.4 billion at a CAGR of 21% between 2022 and 2032.  The prevalence of chronic diseases, the demand for smart devices and medications, as well as awareness of biohacking, are elements that are projected to propel the expansion of the biohacking market over the forecast period. The rise of the biohacking sector may be halted by a lack of cyber security procedures. The market for biohacking is anticipated to expand as a result of the steep increase in chronic diseases and the rising elderly population. Additionally, the use of biohacking techniques is expanding as a result of their potential to reduce the risk of contracting diseases, particularly thos...

According to a market report, published by Sheer Analytics and Insights, The global aircraft hydraulic system market was valued at $9.91 billion in 2021 and it is expected to reach $29.1 billion at a CAGR of 9.7% between 2022 and 2032.  The market for aircraft hydraulic systems consists of the sales of these systems by businesses, sole proprietors, and partnerships. These systems are used to operate and manage equipment including brakes, flaps, and thrust reversers in airplanes. The system that moves and activates an airplane's landing gears is known as an aircraft hydraulic system. This market's expansion is also anticipated to be fueled by elements like increasing air passenger traffic and the replacement of older fleets. Based on system type, the market for aviation hydraulic systems can be divided into open-...

According to a market report, published by Sheer Analytics and Insights, The global calcium hypochlorite market was valued at $590.4 million in 2021 and it is expected to reach $870.5 million at a CAGR of 3.6% between 2022 and 2032. The primary applications of calcium hypochlorite are the sanitation of public swimming pools and drinking water. Its expanding use in spas, swimming pools, and other facilities is predicted to promote market expansion. It is projected that the sector would see growth prospects due to the increasing need for the construction of better drinking water infrastructure. Additionally, an increase in the use of hygiene products to avoid various water-borne illnesses, such as typhoid and cholera, is anticipated to further fuel demand in the next years and propel the market upward. Additionally, chlorin...

According to a market report, published by Sheer Analytics and Insights, The global aircraft sleeping pods market was valued at $14.3 million in 2021 and it is expected to reach $29.3 million at a CAGR of 6.4% between 2022 and 2032.  In addition to having sleeping areas in airports where passengers can relax between flight stops, aircraft sleeping pods are also known as sleeping cabins, capsule hotels, nap pods, or snooze pods. Increased air travelers, more frequent transit flights, and the addition of new routes all over the world are significant factors propelling growth during the forecast period due to the airline industry's expansion of connection between regions. Additionally, there is a growing need for airport sleeping pods as a result of increased demand from air travelers for modern airport amenities. A key ele...

According to a market report, published by Sheer Analytics and Insights, The global polymer gas separation membrane Market was valued at $0.78 billion in 2021 and it is expected to reach $1.56 billion at a CAGR of 6.4% between 2022 and 2032.  Sales of Gas Separation Membranes increased as more applications, which make up a sizeable share of the global market, were developed. The covid-19 pandemic epidemic hindered sales prospects in recent years by lowering demand for Gas Separation Membrane, but growth is anticipated to pick up in the years to come. However, increasing demand for gas membranes is anticipated throughout the forecast period as they find several applications in various industries. The fundamental part of the gas separation system...

According to a market report, published by Sheer Analytics and Insights, The global hard carbon material market was valued at $2.3 billion in 2021 and it is expected to reach $26.8 billion at a CAGR of 24.9% between 2022 and 2032. Hard carbon is a type of solid carbon that cannot be heated through to graphite, not even at temperatures as high as 3000 C. An important factor driving the expansion of the worldwide hard carbon market is the expanding electronic sector. Superplasticizers, accelerating admixtures, retarding admixtures, water-proofing admixtures, air-entraining admixtures, fly ash, silicate fume, plasticizers, and others are the different product categories that make up the market. The hard carbon market is divided into residential and non-residential segments based on application. However, as fuel-cell batteries evolve, ...

According to a market report, published by Sheer Analytics and Insights, The global eyelash extensions market was valued at $1.1 billion in 2021 and it is expected to reach $2.3 billion at a CAGR of 6.5% between 2022 and 2032.  Eyelash extensions are cosmetics that are used to improve the length, thickness, and curl of natural eyelashes. Human hair, silk, and mink are used to make eyelash extensions. It is used as a beautification tool by fashion aficionados, particularly ladies. During the forecast period, growing fashion trends and a focus on appearance are anticipated to propel the worldwide eyelash extension market. The expanding social media influence of beauty-related items is anticipated to benefit the worldwide lash extension market throughout the forecast period. Additionally, since mascara causes lashes to fall out too soon, manuf...

According to a market report, published by Sheer Analytics and Insights, The global biodegradable paper and plastic packaging market was valued at $1.9 billion in 2021 and it is expected to reach $8.9 billion at a CAGR of 13.8% between 2022 and 2032. Packaging is a technology that encloses and safeguards diverse product kinds for usage, storage, distribution, and sale. Asia Pacific, Europe, and North America have recently seen a rise in industry & consumer awareness of eco-friendly products, which has been accelerating the growth of the global biodegradable packaging market. The term "biodegradability" describes a material's capacity to decompose and revert to its natural state shortly after disposal. The packaging materials starch, polylactic acid, cellulose, polyhydroxyalkanoates, and others are...

According to a market report, published by Sheer Analytics and Insights, The Asia-Pacific hand tools sets market was valued at $4.2 billion in 2021 and it is expected to reach $7.9 billion at a CAGR of 5.8% between 2022 and 2032.  Customers are increasingly using the self-help approach to build, modify, and repair things at home. Furthermore, thanks to the development of technology, producers may now create simple and practical household tools that give users a better user interface. In addition, in the upcoming years, it is also projected that the availability of a wide variety of multifunctional tools meeting various client needs would enhance demand for home hand tools. Additionally, thanks to technical innovation, producers may create long-lasting tools by using a variety of raw materials, including iron, wood, black me...

According to a market report, published by Sheer Analytics and Insights, The global cast acrylic sheet market was valued at $2.5 billion in 2021 and it is expected to reach $5.2 billion at a CAGR of 6.8% between 2022 and 2032.  Cast acrylic sheets are a subset of polymethyl methacrylate components that are created by mixing the polymer with various chemicals and additives to give it improved qualities and characteristics. This liquid methyl methacrylate is then processed by being sandwiched between two sheets of glass to form the acrylic sheets. The product is made shatter-resistant and can be designed in a variety of colors and patterns for architectural uses thanks to the inclusion of various additives and chemicals. Additionally, cell-cast acrylic sheets have become the standard process type for cast acrylic sheets because of t...

According to a market report, published by Sheer Analytics and Insights, The global flip flops market was valued at $18.6 billion in 2021 and it is expected to reach $42.1 billion at a CAGR of 7.6% between 2022 and 2032.  Flip-flops are a pleasant and informal style of footwear. A Y-shaped strap that passes across the top of the foot and in between the first and second toes is attached to the flat sole. Flip-Flops have been around since 4,000 BC. At first, the sandals were altered to fit American culture. It quickly gained popularity as summer footwear all around the world and was strongly linked to the beach lifestyle, particularly among women. Additionally, flip-flops are incredibly lightweight and portable, which is also increasing demand for them all over the world. In addition, consumer demand for eco-friendly goods is dr...

According to a market report, published by Sheer Analytics and Insights, The global fracking fluid end market was valued at $450.1 million in 2021 and it is expected to reach $890.3 million at a CAGR of 6.3% between 2022 and 2032.  Fracking chemicals are used in drilling operations in a variety of ways, such as preventing scale buildup in pipes, reducing friction over base pipes, thickening water to suspend prop pants, maintaining fluid viscosity at high temperatures, removing bacteria from water, preventing corrosion of casing, and stabilizing clay to lock down clays in shale structure. Both vertical and horizontal drilling processes employ fracking chemicals. The category of horizontal wells in the well-type sector has grown rapidly as a result of the recent trend toward horizontal drilling techniques. Additionally, durin...

According to a market report, published by Sheer Analytics and Insights, The global bone broth protein market was valued at $23.1 billion in 2021 and it is expected to reach $130.3 billion at a CAGR of 16.20% between 2022 and 2032. One of the most well-liked supplements among individuals all over the world is bone broth protein. A dietary supplement called bone broth protein claims that it can help people lose weight, get rid of joint discomfort, slow down the signs of aging, and control their appetite. Most producers get their protein for bone broth mostly from chicken or cow bones. The market for bone broth protein as a whole is being driven by the increase in the production and consumption of food and beverages with a focus on health and fitness. Due to a huge increase in protein consumption, North America and ...