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The Gross Domestic Product (GDP) in Argentina expanded 1.10 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Argentina GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The growth of the real gross domestic product (GDP) in Mozambique was forecast to increase between 2024 and 2029 by in total 5.7 percentage points. This overall increase does not happen continuously, notably not in 2026 and 2027. The growth is estimated to amount to ten percent in 2029. As described by the International Monetary Fund, this indicator describes the annual change in the gross domestic product at constant prices. This is expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Kenya, Ethiopia, and Djibouti.
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Key information about Uzbekistan Real GDP Growth
In 2024, the service sector of the economy in Shanghai municipality in China grew by around 5.7 percent compared to the previous year. The share of the service sector in the gross domestic product (GDP) of Shanghai grew gradually over the last decade and reached around 78.2 percent in 2024.
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Full Year GDP Growth in Poland increased to 2.90 percent in 2024 from 0.10 percent in 2023. This dataset includes a chart with historical data for Poland Full Year GDP Growth.
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The Gross Domestic Product (GDP) in Venezuela expanded 4 percent in the fourth quarter of 2023 over the same quarter of the previous year. This dataset provides - Venezuela GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same time period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.
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According to Cognitive Market Research, the global High-Density Fibreboard - HDF Market size will be USD 6751.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2025.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1552.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 337.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 135.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The First Class High-Density Fibreboard category is the fastest growing segment of the High-Density Fibreboard - HDF industry
Market Dynamics of High-Density Fibreboard - HDF Market
Key Drivers for High-Density Fibreboard - HDF Market
Growing Demand for Sustainable Building Materials to Boost Market Growth
The market for high-density fiberboard is anticipated to expand significantly over the coming years due to the growing need for sustainable materials. Wood fibers are squeezed and felted together under high pressure and temperature to create HDF, an engineered wood product. It is beneficial for a variety of uses, including cabinets, floors, and multipurpose furniture. Because it is also created from recycled wood fibers, the material is thought to be more environmentally friendly than regular materials, including regular wood. Additionally, HDF lasts longer and is more resilient. Thus, it is anticipated that HDF uses will increase dramatically in the coming years as the material's environmental benefits become more widely recognized.
Expansion of the construction industry to Drive Market Growth
The expanding construction industry is one of the primary drivers of the market's demand for high-density fiberboards, or HDFs. One of the main industries thought to be the primary driver of HDF demand is this one. Any kind of fiberboard, not just HGDF or MDF, is frequently utilized in construction. They are utilized in wall paneling, flooring, and furniture manufacturing in general. This demand is anticipated to increase in the future as a result of both the general population rise and the GDP growth in many developing nations. Consequently, more people will need to be housed in residential and commercial buildings, which will stimulate the construction industry and increase demand and sales.
Restraint Factor for the High-Density Fibreboard - HDF Market
Strict environmental regulations and the usage of alternative materials, will Limit Market Growth
The HDF industry has additional challenges due to environmental regulations and the usage of alternative materials. Stricter emissions laws and policies that target formaldehyde-based adhesives in wood products provide difficulties for manufacturers and necessitate investments in low-emission technology. Additionally, wind energy lightweight composite materials, which are growing in popularity and offer equivalent performance at lower costs, compete with HDF. However, with continued innovation and adherence to sustainability standards, it is expected that the industry will overcome these challenges and maintain its growth momentum.
Impact of Covid-19 on the High-Density Fibreboard - HDF Market
The market for high-density fiberboard (HDF) was negatively damaged by the COVID-19 outbreak. Raw material availability was reduced as a result of production and shipping delays brought on by disruptions in global supply chains. Temporary shutdowns of manufacturing facilities decreased total output. As the construction and furniture sectors, which are major HDF consumers, were impacted by tight restrictions and economic uncertainty, demand swings were seen. Demand did, however, increase after the pandemic due to a rise in home remodeling, urbanization, and the expansion of the furnit...
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Key information about Italy M2 Growth
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Key information about Algeria Tax revenue: % of GDP
Specialty Fats And Oils Market Size 2024-2028
The specialty fats and oils market size is forecast to increase by USD 5.2 billion at a CAGR of 5.7% between 2023 and 2028.
The market is witnessing significant growth due to several key factors. One of the primary drivers is the expanding food processing industry, which necessitates the use of various specialty fats and oils for manufacturing food products. Another trend influencing market growth is the increasing preference for natural cosmetic products, leading to an increase in demand for specialty oils such as olive oil and cocoa beans. Furthermore, fluctuations in oil crop prices can impact the market dynamics, presenting both opportunities and challenges. It is essential to note that trans-fatty acids, derived from oilseed processed products, continue to be a concern due to their adverse effects on health, with high LDL (low-density lipoproteins) and low HDL (high-density lipoproteins) levels. The consumption of specialty fats and oils, including soybean oil, corn oil, sunflower oil, rapeseed oil, peanut oil, and others, has been on the rise due to their health benefits. As a result, there is a growing focus on producing and consuming healthier alternatives, such as specialty oils from sources like coconuts and olive trees. In summary, the market is experiencing growth due to the expanding food processing industry, rising demand for natural cosmetics, and the need for healthier alternatives to traditional edible oils. However, price fluctuations and the ongoing debate surrounding trans-fats pose challenges for market participants.
What will be the Size of the Market During the Forecast Period?
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The market has witnessed steady growth over the past few years, driven by various factors. These factors include the increasing prevalence of chronic diseases such as cardiovascular diseases and the rising awareness of healthy eating. Soybean oil, for instance, is rich in polyunsaturated fatty acids and is widely used in food processing and cooking. Similarly, specialty palm-based fats like shea butter and cocoa crop derivatives are popular for their unique taste and nutritional properties.
In addition, the International Monetary Fund (IMF) reports that the global Gross Domestic Product (GDP) growth rate is expected to recover in 2021, which will further boost the demand for specialty fats and oils. However, the impact of the COVID-19 pandemic on the food industry cannot be overlooked. Social distancing, contact tracing, self-quarantining, and other measures have led to changes in consumer behavior. The food industry has seen a shift towards ready-to-eat and ready-to-cook products, which require the use of specialty fats and oils for better taste and texture. Moreover, the increasing popularity of plant-based diets and the growing demand for organic and natural food products have also contributed to the market growth.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Specialty oils
Specialty fats
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
APAC
China
India
Japan
South Korea
Middle East and Africa
South America
By Type Insights
The specialty oils segment is estimated to witness significant growth during the forecast period.
Specialty fats and oils refer to non-edible and edible oils that possess unique characteristics and health benefits. These oils are gaining popularity due to their various applications in industries such as food processing, cosmetics, and pharmaceuticals. Cocoa beans, for instance, are a significant source of specialty fats known as cocoa butter. Olive oil, another popular specialty oil, is rich in monounsaturated fatty acids and antioxidants, making it a healthy choice for cooking and cosmetic applications. Oilseed processed products, such as soybean, sunflower, and sesame oils, are also considered specialty oils due to their unique nutritional properties. These oils contain high levels of polyunsaturated and monounsaturated fatty acids, which contribute to improved heart health by increasing HDL (high-density lipoproteins) levels and decreasing LDL (low-density lipoproteins) levels.
In addition, coconuts are another source of specialty oils, including medium-chain triglycerides (MCTs), which are easily digestible and provide quick energy. Specialty fats and oils derived from marine organisms, tree nuts, cereals, and berry plants are also rich in essential fatty acids, phospholipids, phytosterols, and other bioactive phenolics, making them valuable in various industries. The increasing d
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Key information about South Korea Domestic Credit Growth
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According to Cognitive Market Research, the global Seed Sorting Machine market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The Optical Sorting technology held the highest Seed Sorting Machine market revenue share in 2024. Market Dynamics of Seed Sorting Machine Market Key Drivers for Seed Sorting Machine Market Expansion of the Agricultural Sector to Increase the Demand Globally The growth of the agricultural sector in emerging economies presents a significant opportunity for market expansion. In 2023, agriculture, food, and related industries contributed approximately $1.530 trillion to the U.S. gross domestic product (GDP), representing a 5.6 percent share. Of this, the output from America's farms accounted for $203.5 billion, or about 0.7 percent of the U.S. GDP. Additionally, food expenditures made up 12.8 percent of U.S. households' spending in 2022, up from 12.4 percent in 2021. As these emerging economies modernize their farming practices, the demand for efficient seed-sorting machines is expected to increase. Increasing Demand for Organic and Specialty Crops to Propel Market Growth The increasing consumer demand for organic and specialty crops is impacting the seed sorting machine market. In 2022, the global area dedicated to organic farming expanded by over 20 million hectares, totaling 96 million hectares. The number of organic producers also grew significantly, exceeding 4.5 million. Sales of organic food approached 135 billion euros in 2022. Organic farming necessitates precise seed selection to ensure that only the best, non-GMO seeds are planted, making seed sorting machines crucial for this process. Additionally, for crops such as heirloom varieties that have specific characteristics, advanced sorting machines are essential to maintain purity and quality. Restraint Factor for the Seed Sorting Machine Market High Initial Investment Cost to Limit the Sales Seed sorting machines, particularly those with advanced technologies such as AI and optical sensors, necessitate a considerable initial investment. This presents a significant obstacle for small and medium-sized enterprises (SMEs) and individual farmers with limited capital. The inclusion of features like real-time data analytics, machine learning capabilities, and automated controls further increases the cost, rendering these machines less affordable for budget-conscious buyers. Impact of Covid-19 on the Seed Sorting Machine Market Lockdowns and restrictions during the pandemic temporarily shut down manufacturing plants, causing delays in the production and delivery of seed sorting machines. Disruptions in the global supply chain for electronic components, sensors, and other critical parts led to shortages and longer lead times for manufacturers. Movement restrictions and health concerns resulted in labor shortages in many regions, affecting agricultural activities and reducing the demand for new machinery. Additionally, uncertainty and financial strain prompted many farmers and agricultural businesses to defer investments in new equipment, including seed sorting machines. Introduction of the Seed Sorting Machine Market Seed Sorting Machines sort grains, food, and plastics, helping to meet food safety standards and improve product consistency. These machines utilize various tools, including sensors, lighting, and machine learning applications, to detect and remove product flaws and foreign materials based on color, shape, and texture. They can sort a wide range of...
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2-Ethylhexyl Glycidyl Ether Market size was valued at USD 100.1 Billion in 2023 and is projected to reach USD 214.4 Billion by 2030, growing at a CAGR of 5.7% during the forecast period 2024-2030.
Global 2-Ethylhexyl Glycidyl Ether Market Drivers
The market drivers for the 2-Ethylhexyl Glycidyl Ether Market can be influenced by various factors. These may include:
Growing Industrial Applications: If 2-Ethylhexyl Glycidyl Ether is utilized in a variety of industrial procedures or applications, industry expansion may be the primary driver of demand. It might be employed, for instance, in the synthesis of certain polymers or resins.
Product Performance: Industries may switch to using EHGE if it has particular performance advantages over substitute chemicals. Increased demand may result from improved qualities like adhesion, durability, or chemical resistance.
Regulatory Environment: Modifications to regulations, particularly those pertaining to safety requirements or environmental issues, may have an impact on the demand for particular chemicals. Demand for 2-Ethylhexyl Glycidyl Ether can rise if it satisfies legal criteria or provides environmental advantages.
Market Trends: The demand for certain compounds may be impacted by broad market trends, such as a move toward more bio-based or sustainable chemicals. The characteristics of EHGE or its manufacturing processes might suit the tastes of the market today.
End-user Industries: The expansion or contraction of industries that frequently utilize this chemical may have an impact on the demand for EHGE. Demand may be impacted by developments in the building or automobile industries, for example, if it is utilized in the manufacturing of paints or adhesives.
Global Economic Factors: The demand for chemicals as a whole can be impacted by factors such as GDP growth, industrial production, and consumer expenditure. Increased utilization in a variety of applications could result from positive economic indications.
Innovation and Research: Market expansion may be fueled by ongoing R&D projects that produce fresh uses for EHGE or enhance existing production procedures.
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According to Cognitive Market Research, the global MICE Tourism market size will be USD 43515.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 17406.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 13054.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 10008.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2175.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 870.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
The Meetings and Conventions category is the fastest growing segment of the MICE Tourism industry
Market Dynamics of MICE Tourism Market
Key Drivers for MICE Tourism Market
A thriving global economy fuels business travel and events to Boost Market Growth
In the business travel and events market, a thriving global economy serves as a key driver, promoting significant growth by fueling corporate expansion, international partnerships, and networking opportunities. With a strong global economy, corporations have greater resources to invest in business travel and events, leading to increased demand for airline tickets, hotels, and event spaces. Economic downturns or geopolitical issues may lead to budget cuts, restricting the amount companies are willing to spend on travel. while economic growth and globalization spur market growth, factors like economic uncertainty, cost pressures, and environmental concerns can temper the overall expansion.
Digital tools enhance event planning, marketing, and attendee experience
Real-time interaction capabilities, data analytics, and smooth automation are major factors driving digital solutions for event planning. Through the simplification of processes like scheduling, ticketing, and registration, these technologies improve planning efficiency. Targeted marketing and customized experiences are made possible by analytics, which offer insightful information about attendees' preferences. Attendee connection is encouraged by real-time communication via applications and social media, which raises pleasure and engagement. Digital tools, therefore, assist planners in producing more engaging and adaptable events that closely match the changing expectations of participants.
Restraint Factor for the MICE Tourism Market
Economic downturns and geopolitical tensions
Markets are greatly impacted by important constraints such as economic downturns and geopolitical tensions, which result in lower consumer spending and corporate investment. Businesses frequently reduce budgets during uncertain economic times, postponing strategic initiatives and capital expenditures, which restricts market expansion. While trade restrictions or sanctions may isolate particular markets or industries, geopolitical tensions can cause supply chain disruptions, raising prices and market volatility. When combined, these elements produce an unstable environment that limits development and may even stifle innovation in international marketplaces.
Impact of Covid-19 on the MICE Tourism Market
The COVID-19 pandemic severely impacted the MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism market, with widespread event cancellations, travel restrictions, and shifts to virtual platforms. The industry faced revenue losses and job cuts, especially as international travel halted. However, the demand for hybrid and virtual events grew, accelerating technological adoption in the sector. As travel resumes, the MICE market is gradually recovering, focusing on health protocols and digital integration to ensure safe, adaptable event experiences. Introduction of the MICE Tourism Market
The MICE (Meetings, Incentives, Conferences, and Exhibitions) Tourism Market focuses on organizing events for corporate clients and business professi...
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Key information about Uzbekistan Direct Investment Abroad
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The Gross Domestic Product (GDP) in Argentina expanded 1.10 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Argentina GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.