Quantum Cascade Lasers Market is poised for significant growth, with a projected value of US$ 404.7 million in 2023, anticipated to expand to US$ 627.4 million by 2033.
The Electric Forklift Market is predicted to reach USD 134.28 billion by 2031, with a value of USD 43.3 billion in 2023, and a CAGR of 15.2% between 2024 and 2031.
Compressed Air Dryer Market is expected to surpass a valuation of US$ 6.6 Bn by 2032. Refrigerated air dryers captured more than 50% market share in 2021.
In the United States, the growing freight transportation sector is driving demand for intermediate bulk containers (IBCs). With a predicted 3.5% CAGR, the rise in exports of food, chemicals, and pharmaceuticals necessitates safe and convenient bulk packaging solutions. The versatility of IBCs caters to various industries, reducing shipping costs and ensuring compliance with safety regulations. Similarly, in India, the flourishing chemical and petrochemical industries are propelling IBC sales, with an anticipated robust CAGR of 8.3%. As chemical production grows, the need for efficient and secure packaging solutions like IBCs will continue to surge, positively impacting the market.