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Global Lactic Acid Market Report 2021-2028 with Market Opportunity Assessment Analysis

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The global lactic acid market size is expected to reach USD 5.02 billion by 2028, expanding at a CAGR of 8.0% from 2021 to 2028
The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally.
Various raw materials used for the production of lactic acid include carbohydrates such as corn, sugarcane, sugar beet, and tapioca. A large share of this product produced globally is obtained through the fermentation process owing to its lower production costs as well as rising consumer awareness regarding sustainable and environmentally friendly products. The production process is comme ....

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North America $5.2 Billion Wood Flooring Markets to 2027 - Increasing Demand for Aesthetically Superior and Durable Floor Covering Solutions

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The North America wood flooring market size is expected to reach USD 5.2 billion by 2027, expanding at a CAGR of 1.5% from 2020 to 2027.
Rising expenditure on renovation and remodeling of old housing structures is anticipated to drive the market over the forecast period.
Increasing demand for aesthetically superior and durable floor covering solutions, and consumer trends in floor design have been critical in the growth of the market over the past few years. The expansion of office and workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to market growth. ....

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North America Building Thermal Insulation (Glass Wool, Mineral Wool, EPS, XPS, PIR PUR, Cellulose) Markets, 2020-2027

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The North America building thermal insulation market size is expected to reach USD 13.83 billion by 2027, expanding at a CAGR of 2.7% in terms of revenue during the forecast period.
Rising consumer awareness, demand for thermal insulation materials, and favorable regulations owing to the focus on lowering the overall energy consumption are the factors expected to drive market growth.
The market players focus on increasing its market share through organic growth. The companies indulge in the expansion of their product portfolio by developing cost-effective insulation products with enhanced properties and expanding their manufacturing capabilities to cater to the ascending product demand worldwide. ....

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Worldwide Precision Gearbox Industry to 2027 - The Planetary Precision Gearbox Segment is Anticipated to Account for the Highest Market Share

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The global precision gearbox market size is anticipated to reach USD 4.97 billion by 2027 registering a CAGR of 9.1%. The novel coronavirus pandemic along with the possibility of the occurrence of future pandemics has accelerated the implementation and development of automation technologies. Automation minimizes the degree of manual operation and ensures minimum human intervention, which, in turn, is expected to benefit sparsely populated regions or countries with a less skilled labor force. Therefore, the demand for such automated machines and systems is likely to have a positive impact on market growth over the coming years. ....

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