The Gross Domestic Product (GDP) in Cape Verde expanded 11.50 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Cape Verde Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Jordan Gross Savings Rate

• Jordan Gross Savings Rate was measured at 3.0% in Dec 2023, compared with 3.0% in the previous year.
• Jordan Gross Savings Rate is updated yearly, with data available from Dec 1963 to Dec 2023, and an average rate of 3.0%.
• The data reached an all-time high of 3.0% in Dec 2010 and a record low of -54.8% in Dec 1963.
• CEIC calculates annual Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is the sum of Private Consumption Expenditure and Government Consumption Expenditure. The International Monetary Fund provides Private and Government Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Jordan GDP expanded 2.8% YoY in Mar 2023.
• Jordan Nominal GDP reached 11,474.4 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 2.2% in Mar 2023.
• Jordan GDP Per Capita reached 4,204.4 USD in Dec 2022.

How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. I examine whether climate change may make severe contractions in economic activity more likely using quantile regressions linking growth to temperature. The effects of temperature on downside risks to economic growth are large and robust across specifications. These results suggest the growth at risk from climate change is large—climate change may make economic contractions more likely and severe and thereby significantly impact economic and financial stability and welfare. The views expressed herein are those of the author, and do not reflect those of the Federal Reserve Board or its staff.

The tourism sector in Morocco is expected to experience steady growth over the coming decade, with a projected CAGR of 3.0% from 2025 to 2033. This growth will be driven by increasing disposable income, the development of new tourism products, and the government's efforts to promote tourism. The market size is expected to reach [Value] million by 2033. Morocco's tourism sector has a number of strengths, including its rich cultural heritage, diverse natural landscape, and competitive prices. However, there are also a number of challenges facing the sector, such as political instability in the region, crime, and infrastructure deficiencies. Key trends in the tourism sector include the growing popularity of online booking platforms, the increasing demand for personalized travel experiences, and the rise of sustainable tourism. The main segments of the tourism sector in Morocco include accommodation services, travel services, and destination services. The major companies operating in the market include Radisson Blu Hotel Marrakech Carre Eden, Accor Gestion Maroc, Four Seasons Resort Marrakech, Hotel Sofitel Marrakech Lounge and Spa, and Hilton Garden Inn Tanger City Center. Recent developments include: October 2020 - The Hilton hotel brand is expanding its luxury brand Conrad Hotels & Resorts in Morocco. Hilton's new luxury hotel in Morocco will be constructed in the new luxury coastal town of Arzana, in between Harhoura and Skhirat. The new property will be called Conrad Rabat Arzana and is part of Hilton's 'Conrad Hotels & Resorts' brand. In Morocco, the tourist industry has been badly hit by the pandemic. Yet the investment by Hilton hotels' top luxury brand again shows the long-term appeal of Morocco as a top tourist destination.. Key drivers for this market are: Increase in Domestic Travel Driving the Market, Growing Tourist Footfall Driving the Market. Potential restraints include: Restrictions on Purchases of Number of Products, Customs Regulations and Taxation Policies. Notable trends are: Tourism: A Driving Force for Morocco’s GDP Growth.

The IT Services industry in China has performed well over the past five years, due to the application of new technologies, like cloud computing, big data, AI and the Internet of Things. The growth in IT investment and of China's information sector has boosted industry demand. Industry revenue is expected to grow at an annualized 8.2% over the five years through 2025, to total $448.2 billion. This trend includes anticipated growth of 3.0% in the current year.Industry revenue increased slower in 2022, mainly because the aggravated COVID-19 epidemic in the year has led to delays in project delivery. Reduced budget from government customers also resulted in weaker industry demand, due to the large expenditures on the protection and control measures.Although the IT services industry in China is still relatively new, it has been expanding quickly. The Chinses Government attaches great importance on the development of information sector, which stimulated the demand for IT services. Strong government supports on digital economy and the construction of digital China have created a favorable condition for the development of the industry and will increase the demand for IT services.The industry's outsourcing and offshoring service segment experienced the stable growth over the past five years, boosted by government support. Industry exports will increase at an average rate of 4.5% in the five years to 2025. Exports as a share of industry revenue is expected to total 4.1% in 2025.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2030, to total $546.5 billion. The recovery of Chinese economy, the improvement of IT equipment and software technologies and the accelerated digital transformation in both government and private sectors are anticipated to remain the most important drivers for the industry's development. New technologies, like cloud computing, big data, AI and the Internet of Things, will also continue to motivate industry development.The industry is highly fragmented and has a low concentration level. The top four participants will jointly account for 2.1% of industry revenue in 2025. Industry concentration level is forecast to increase over the next five years, as large IT services firms acquire smaller local providers to gain market share in the growing small- and medium-sized business market segment.

The global polymer seal market is projected to expand at a CAGR of 3.0% during the forecast period (2025-2033), reaching a valuation of USD 5.51 billion by 2033. Key drivers fueling market growth include the rising demand for polymer seals in automotive, aerospace, and industrial machinery applications, as well as the increasing use of elastomers, thermoplastics, and other advanced materials in these industries. Additionally, growing awareness about the environmental impact of traditional sealing materials is driving demand for sustainable polymer seals. Geographically, the Asia Pacific region is expected to witness significant growth in the polymer seal market. This growth is attributed to the region's strong economic growth, rising demand from automotive and other manufacturing industries, and the increasing availability of advanced materials. North America and Europe are also expected to contribute significantly to the market, owing to the presence of major manufacturing hubs and technological advancements. However, the market in these regions is likely to face challenges from stringent environmental regulations and competition from alternative materials. Valued at several billion dollars, the global polymer seal market is a rapidly evolving industry driven by technological advancements and the growing demand for advanced sealing solutions across various sectors. Recent developments include: Recent developments in the Polymer Seal Market reflect ongoing growth and innovation among key players, including Cooper Standard, Saint-Gobain, and 3M. There has been increasing demand for advanced sealing solutions in various industries, notably automotive and construction, driven by the need for enhanced durability and efficiency. Companies like Sika and Henkel are making strides in expanding their product portfolios to meet diverse customer needs, while Freudenberg and Trelleborg focus on sustainable and high-performance materials., Additionally, SKF and Huntsman Corporation have been investing in research and development, aiming to improve the performance characteristics of polymer seals. Recent market analyses indicate notable valuation growth for firms in this sector, further intensifying competition and encouraging strategic partnerships. Merger and acquisition activity remains concentrated among major players; for instance, Dow and Parker Hannifin have been identified in various strategic initiatives aimed at enhancing their market presence. The market's dynamics are consistently influenced by technological advancements and environmental factors, prompting companies to adapt to evolving consumer preferences and regulatory standards. This ongoing transformation is set to shape the future landscape of the Polymer Seal Market.. Key drivers for this market are: Increasing demand in the automotive sector, Expansion in renewable energy applications; Growth in the aerospace industry; Advancements in material technology; Rising demand for oil and gas sealing solutions. Potential restraints include: Growing automotive demand, Increasing industrial automation; Rising oil and gas exploration; Expanding construction industry; Heightened environmental regulations.

The global market for Expanded Polystyrene (EPS) for packaging is a significant and growing sector, valued at $3,969.5 million in 2025 and projected to experience a Compound Annual Growth Rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by several factors. The lightweight yet protective nature of EPS makes it ideal for protecting fragile goods during shipping and handling, contributing significantly to its widespread adoption across various industries including food and beverage, electronics, and pharmaceuticals. Furthermore, advancements in EPS formulations are leading to improved insulation properties and recyclability, addressing environmental concerns and bolstering its appeal to environmentally conscious consumers and businesses. The increasing demand for e-commerce and fast-paced delivery further fuels the need for efficient and protective packaging solutions, reinforcing the market's growth trajectory. However, challenges remain, including the perception of EPS as a non-biodegradable material and fluctuations in raw material prices (styrene monomer). Major players like BASF, ACH Foam Technologies, and others are actively engaged in developing sustainable solutions and exploring bio-based alternatives to mitigate these concerns. The forecast period of 2025-2033 is expected to witness continued expansion, although the growth rate may fluctuate year-over-year based on global economic conditions and consumer preferences. The ongoing innovation in material science is expected to lead to the development of more sustainable EPS alternatives, possibly impacting the long-term growth rate. Regional variations are likely, with regions experiencing high economic growth and expanding e-commerce sectors showing stronger market performance. Competition among existing players will intensify as companies strive to improve efficiency and offer environmentally friendlier options. The market will likely see mergers and acquisitions as companies seek to consolidate their market share and expand their product offerings.

Electronic article surveillance (EAS) manufacturers have experienced negative long-term headwinds. Over the past several years, consumers have increasingly favored online retailers, driven by greater productivity, technological advances and the rise of e-commerce giants like Amazon. This has weakened demand for EAS products, as online retailers don’t face shoplifting concerns. Resultingly, this has induced declines in revenue and profit over the past five years. More recently, economic shifts have bolstered revenue volatility among providers. The pandemic triggered sharp revenue drops due to constrained consumer spending, while the subsequent recovery briefly stabilized demand as retailers increased their investment in EAS products. However, rising interest rates curbed spending, further depressing revenue in 2023 and 2024. Meanwhile, falling crime rates have slowed demand for EAS systems. While revenue growth overall has slowed, exports of EAS products have remained solid, especially to developing countries. Imports have also risen, especially from Malaysia, as China's market share fell amid trade tensions, pushing up competition for US manufacturers. Overall, revenue for EAS manufacturers has plunged at a CAGR of 3.0% over the past five years, reaching $650.7 million in 2025. This includes a 1.5% decline in that year. From 2025 to 2030, demand for EAS products will grow slowly instead of weakening as online shopping saturates and e-commerce expansion decelerates. This will constrain the popularity of online retailers, giving providers a lifeline. Long-term economic growth is set to boost consumer spending, providing a useful revenue stream for the industry. Despite this, the US faces significant economic uncertainty, especially after new tariffs have been imposed by the Trump administration, raising the risk of recession and potentially suppressing economic growth and, therefore, revenue growth for the EAS manufacturers. Technological innovations—such as RFID and AI—will benefit larger providers but could replace traditional EAS products, threatening demand. Consumer focus on sustainability will drive investment in eco-friendly, recyclable EAS solutions, benefiting providers that prioritize green practices in a challenging market. Overall, revenue for EAS product makers is forecast to inch upward at a CAGR of 0.1% over the next five years, reaching $654.6 million in 2030.

Over the five years through 2025, the Life Insurance Providers industry in China is expected to grow at an annualized 4.5%, to $610.1 billion. This trend includes an 8.3% increase in the current year. There are just 96 enterprises operating in the industry employing 1.3 million workers with an estimated payroll of $19.2 billion.In 2022, the COVID-19 in China further aggravated and real GDP growth slowdown to 3.0%. The consumption level and confidence of Chinese residents both decreased, which have resulted in weak demand for insurance products. The premium income of life insurance decreased by 3.2% in 2022, especially for accident insurance products, the premium income dropped by 17.9% year on year, mainly because residents were suggested to stay at home and reduce the number of trips.In 2018, the China Banking and Insurance Regulatory Commission was established through the merger of China Bank Regulatory Commission and China Insurance Regulatory Commission. The regulation on life insurance providers has been further enhanced. A series of supervision policies were issued successively. Industry revenue increased by just 0.6% in the year. In March 2023, the China Banking and Insurance Regulatory Commission was restructured into the National Financial Regulatory Administration to further increase the supervision on the industry.ACMR-IBISWorld forecasts that over the five years through 2030, with the increasing trend of aging, higher savings rate, strong policy support, and people's awareness of risk protection, revenue for the Life Insurance Providers industry in China is projected to grow at an annualized rate of 5.0% to $7778.1 billion in premium income. As more foreign players enter the market and competition intensifies, life insurance products will become more diversified and customized. Investment channels will broaden and investment income will account for a higher share of total revenue. Consequently, asset management will become a key success factor for insurance companies.

The development of China's Insurance Brokers and Adjusters industry is basically in line with its developing insurance sector. Over the five years through 2024, the industry will decrease at an annualized 5.8% to $52.2 billion. This trend includes a 9.9% decrease in 2024.Since August 2023, the National Financial Regulatory Administration has required to implement the “consistency of regulatory reporting and actual actions” policy in the channels of individual insurance agents, insurance brokers and insurance agents. The implementation of the policy has led to a decrease in commission rates paid by insurance companies to intermediaries, which has seriously affected industry revenue and operational costs. Industry revenue decreased by 11.3% in 2023 and a further 9.9% in 2024.In 2022, the COVID-19 pandemic further aggravated the economy, resulting in real GDP growth slowing to 3.0%. Chinese residents' income growth has also slowed down, resulting in weakened insurance demand. Insurance premium income decreased by 1.0% in 2022, especially for life insurance products; its premium income dropped 2.0% year on year, mainly because residents were suggested to stay at home and limit traveling. Industry revenue decreased by 13.2% in 2022.In 2018, the China Banking and Insurance Regulatory Commission was established through the merger of the China Bank Regulatory Commission and the China Insurance Regulatory Commission. Regulations placed on insurance intermediaries has intensified through a successive series of supervision policies. This increased regulation led industry revenue growth to slow down.China's Insurance Brokers and Adjusters industry revenue us forecast to grow at an annualized 5.0% to $66.5 billion over the five years through 2029, primarily thanks to increasing residential income levels risk protection awareness. As government regulations further strengthen and competition intensifies, professional insurance intermediaries will become more competitive. Concurrent-business agency and individual agent numbers will likely drop in the future.

The global color masterbatch market is a vibrant and expanding sector, projected to reach a value of $3608.4 million in 2025 and exhibit a Compound Annual Growth Rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by several key factors. The increasing demand for aesthetically pleasing and durable products across various industries, such as packaging, building & construction, and consumer goods, fuels the adoption of color masterbatches. Furthermore, the trend towards lightweighting in automotive applications and the rising use of plastics in agriculture are significant contributors to market expansion. Technological advancements in color masterbatch formulations, leading to improved color consistency, heat stability, and processability, further enhance their market appeal. The market is segmented by type (standard color, tailor-made color, specialty color) and application (packaging, building & construction, consumer goods, automotive, agriculture), offering diverse opportunities for manufacturers. Major players like Clariant AG, A. Schulman, and Polyone Corporation are actively shaping market dynamics through innovation and strategic expansions. Geographical distribution reveals robust market presence across North America, Europe, and Asia Pacific. North America, benefiting from established manufacturing sectors and high consumer demand, maintains a significant market share. Europe follows closely, with strong demand across packaging and automotive applications. The Asia Pacific region is witnessing rapid expansion, driven by industrialization and economic growth in countries like China and India, creating substantial growth potential. While the market experiences consistent growth, challenges such as fluctuating raw material prices and stringent environmental regulations pose some restraints. However, the overall market outlook remains positive, indicating a promising future for color masterbatch producers and end-users alike. This in-depth report provides a comprehensive analysis of the global color masterbatch market, projected to reach approximately $5 billion by 2025. It delves into key market trends, competitive landscapes, and future growth opportunities, offering invaluable insights for industry stakeholders. This report utilizes extensive market research and data analysis, providing a clear and actionable understanding of this dynamic sector. Keywords: Color Masterbatch Market, Color Concentrates, Plastic Colorants, Pigment Dispersion, Polymer Additives, Masterbatch Manufacturers, Market Size, Market Share, Market Growth.

According to Cognitive Market Research, the global Watercolor Paper market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.80% 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 3.0% 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 6.8% 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 4.2% 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 4.5% from 2024 to 2031.
The Watercolour Type category is the fastest growing segment of the Watercolor Paper industry

Market Dynamics of Watercolor Paper Market

Key Drivers for Watercolor Paper Market

Increasing Popularity of Arts and Crafts to Boost Market Growth

The growing interest in art, both as a hobby and a profession, is a key driver for the watercolor paper market. An increase in art-based recreational activities, particularly among adults, has fueled demand for high-quality watercolor paper. According to the U.S. Bureau of Economic Analysis (BEA), the Arts and Cultural Production Satellite Account revealed that arts and cultural economic activity, adjusted for inflation, rose by 4.8% in 2022, following a 10.8% rise in 2021. In comparison, the overall economy, measured by real GDP, grew by 1.9% in 2022, after a 5.8% increase in 2021. Arts and cultural activities contributed 4.3% to GDP, equivalent to $1.10 trillion in 2022. The rise of art therapy and growing mental health awareness has led to an increase in art-related activities, with watercolor painting gaining popularity for its therapeutic benefits. This trend has expanded the consumer base for watercolor paper, supporting the market's growth.

Growth in the DIY and Home Décor Trends to Drive Market Growth

The rise of the DIY (Do-It-Yourself) culture and home décor trends that emphasize personal creativity has gained significant traction. Consumers are increasingly seeking ways to personalize their living spaces, with hand-painted watercolor art becoming a popular choice for décor. According to the Joint Center for Housing Studies at Harvard University, spending on DIY projects surged by 44%, reaching $66 billion between 2019 and 2021. The 2023 U.S. Houzz and Home Study: Renovation Trends reported that nearly 60% of homeowners remodeled or redecorated their homes in 2022, with 48% undertaking home repairs, and more than half planning new projects for 2023. This shift has spurred a niche demand for watercolor paper, especially larger-format sheets used for wall art and decorations.

Restraint Factor for the Watercolor Paper Market

High Cost of Quality Watercolor Paper Will Limit Market Growth

Premium pricing is a significant factor that limits the market's accessibility to a wider range of consumers. High-quality watercolor paper, which is often made from cotton or other premium materials, can be quite expensive. This makes it less affordable for casual hobbyists or art students, reducing the overall demand. Professional artists, who require specific textures and weights, often seek high-quality paper, but the price premium associated with these products may limit frequent purchases. The affordability gap between basic art supplies and premium watercolor paper can inhibit broader market penetration, especially in developing economies. The availability of alternative paper products can reduce the demand for watercolor-specific paper. Many hobbyists or beginners may choose to use general-purpose paper, sketch pads, or cheaper alternatives that are not specifically designed for watercolor painting.

Impact of Covid-19 on the Watercolor Paper Market

Rise in home-based activities: With global lockdowns, social distancing, and stay-at-home orders, many people turned to indoor hobbies such as paintin...

The precast concrete industry has experienced significant fluctuations due to the pandemic and varying economic conditions. Initially, the uncertainty brought on by the pandemic led to a decline in construction activity as businesses delayed or cancelled new projects, impacting the demand for precast concrete, particularly in nonresidential sectors like commercial and industrial facilities. However, as restrictions eased, a rebound occurred in 2021. This was fueled by pent-up demand and a rush to complete postponed projects, although the industry also faced rising costs due to increasing global energy prices.In recent times, economic slowdowns and anticipated sluggish GDP growth in 2023, expected to continue into 2024, have begun to negatively impact the construction sector once more. The industry is projected to decline 1.8% in 2024, primarily due to reduced demand, reflecting ongoing caution in both the public and private sectors regarding new construction projects. Despite this recent slowdown, the industry has shown growth, with an estimated CAGR of 3.0%, reaching $3.2 billion in 2024 and seeing an increase in profitability.Growth in both residential and nonresidential construction markets is expected to boost industry growth, driven by anticipated declines in interest and mortgage rates that will lead to increased capital expenditures by businesses and a rise in residential construction. The Bank of Canada's rate cuts will spur demand for precast concrete products. Additionally, government investments through the Investing in Canada Infrastructure Program will maintain consistent demand for concrete in various public projects. New technology, including automated production systems and low-carbon concrete mixes, will enhance efficiency and reduce the environmental impact of the industry. Overall, the industry is expected to grow at a CAGR of 2.1%, reaching $3.6 billion by 2029.

The Arts and Cultural Production Satellite Account (ACPSA) is produced through the partnership between the United States Bureau of Economic Analysis (BEA) and the National Endowment for the Arts (NEA). Built with the BEA's input-output (I-O) accounts, the ACPSA provides detailed statistics that illustrate the impact of arts and cultural production on the United States economy. Specifically, this account provides an assessment of the arts and cultural sector's contributions to gross domestic product (GDP). For years 1998 to 2015, the ACPSA presents annual statistics about the following items: (1) Output of detailed arts and cultural commodities and the industries producing these commodities; (2) employment and compensation within these industries; (3) arts and cultural value added by industry; and (4) commodity-flow details for arts and cultural production products. In the data tables provided (click on "Other" in the Dataset(s) section), the statistics fall under two broad categories: (1) core arts and cultural production and (2) supporting arts and cultural production. The core category contains the commodities in which the output primarily contributes to arts and culture. Performing arts, museums, design services, and arts education are included in the core category. The supporting category consists of commodities that support the core category through publication, dissemination of the creative process, or other supportive functions. This category contains event promotion, printing, and broadcasting. Six national-level data tables are provided for each year from 1998 to 2011: Table 1. Production of Commodities by Industry Table 2. Output and Value Added by Industry Table 3. Supply and Consumption of Commodities Table 4. Employment and Compensation of Employees by Industry Table 5. Total ACPSA-related Employment by Industry Table 6. Output by ACPSA Commodity For the years 2012 to 2015, an additional seventh data table is added: Table 7. Real Output by Commodity For years 2001-2015 a state-level employment data table is included. It contains estimates for each state annually of employment and compensation by industry, and comparisons with ACPSA employment and compensation by industry the same year. It also includes the annual total of employment in each state across the arts and cultural commodities industries. In addition, estimates of real value added by industry and estimates of real gross output and prices indexes by ACPSA commodity are provided in separate Excel files (click on "Other" in the Dataset(s) section). The industries and commodities presented in the data are based on the 2007 North American Industrial Classification System (NAICS). Users are encouraged to review the Table Guide provided in the Dataset(s) section as it gives important information for all data tables. Also, users should review The NEA Guide to the U.S. Arts and Cultural Production Satellite Account and other related materials available on NEA's Arts Data Profile #16. The State-Level ACPSA Value added data contains value added by industry by state. The variables contained in this file are year, state, industry code, industry, and value added location quotient.

The Gross Domestic Product (GDP) in Cameroon expanded 3.10 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Cameroon GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Revenue for geophysical service companies has fluctuated during the current period. Revenue plunged in 2020 as COVID-19 caused a major slowdown in economic activity and a large drop in oil and gas prices. Revenue continued to decline in 2021 as falling nonresidential construction constrained demand for surveying. The industry performed well in 2022 as the conflict in Ukraine raised oil prices, but revenue turned negative again as recessionary fears constrained corporate profit and industrial production. Overall, revenue for geophysical service providers in the United States is anticipated to drop at a CAGR of 3.0% during the current period, reaching $2.3 billion in 2024. This includes a 1.1% decline in revenue in that year.While the industry's short-term potential is contingent upon investment from oil and gas industries, environmental regulations and the ongoing energy transition will boost demand for services exploring renewable energy sources. Government incentives and regulations will support this demand.Geophysical services will find growth opportunities in sustainable energy market segments as a global transition from fossil fuels continues. Still, dependence on fossil fuels across sectors will maintain shale oil exploration in North America. Also, climate change will raise sea levels and create more intense storms that require geophysical services to support infrastructure that protects from these events. Technological innovations, such as remote operations and uncrewed vessels, will reduce the need for labor during the outlook period, helping profit. Rising economic growth will also help spur investment in geophysical services during the outlook period, but falling oil prices and weak demand from mining will constrain revenue growth over that time frame. Overall, revenue for geophysical service companies is forecast to creep downward at a CAGR of 0.1% during the outlook period, reaching $2.3 billion in 2029.

The global white goods appliance market, valued at $289.49 billion in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033. This growth is fueled by several key drivers. Rising disposable incomes in emerging economies are increasing consumer spending on durable goods, including refrigerators, washing machines, and air conditioners. Furthermore, urbanization and a shift towards smaller, more efficient appliances are boosting demand, particularly in densely populated areas. Technological advancements, such as smart home integration and energy-efficient models, are also contributing to market expansion. While factors like fluctuating raw material prices and economic downturns pose challenges, the overall market outlook remains positive. The increasing preference for convenience and improved lifestyles continues to drive demand for advanced features like built-in Wi-Fi and self-cleaning functionalities. Segment-wise, refrigerators and washing machines are expected to remain dominant categories, driven by their essential role in households. However, the growth in air conditioners is predicted to outpace the overall market average due to climate change and increasing temperatures globally. Leading players like Samsung, Whirlpool, LG, and Bosch are actively investing in R&D and strategic acquisitions to maintain their market leadership and cater to evolving consumer preferences. The Asia-Pacific region is expected to be a key growth engine, driven by robust economic growth and a large consumer base in countries like China and India. The competitive landscape is highly fragmented, with both global giants and regional players vying for market share. Strong brand recognition, efficient distribution networks, and effective marketing strategies are crucial for success. Companies are increasingly focusing on providing customized solutions to cater to diverse regional preferences and needs. The increasing adoption of sustainable manufacturing practices and the development of eco-friendly appliances are expected to influence the market trajectory in the coming years. Government initiatives promoting energy efficiency and reducing carbon emissions are further driving innovation and adoption of energy-saving appliances. The long-term forecast anticipates a consistent market expansion, with technological advancements and changing lifestyles continuing to reshape the white goods industry. Understanding regional nuances and adapting product portfolios to align with local needs is expected to be a key determinant of success for players in this dynamic and evolving market.

Road Transportation Fuel Market Outlook

The global road transportation fuel market size was valued at approximately USD 1.9 trillion in 2023 and is expected to reach USD 2.5 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.0% during the forecast period. This growth trajectory is driven by a combination of factors, including increasing vehicle ownership in emerging economies, advancements in fuel technologies, and regulatory frameworks aimed at promoting cleaner and more efficient fuels. The ongoing fluctuation in oil prices and the global emphasis on reducing carbon emissions further influence market dynamics, as stakeholders seek sustainable alternatives and innovations in the transportation sector.

One of the primary growth factors for the road transportation fuel market is the rapid urbanization and industrialization observed in numerous developing countries. This urban sprawl leads to increased vehicle ownership as individuals seek personal mobility, thus driving fuel demand. Furthermore, economic development in these regions often results in enhanced infrastructure, which facilitates efficient logistics and transportation, further bolstering fuel consumption. Governments in these regions are investing heavily in road networks, which not only cater to passenger travel but are also crucial for commercial activities, thereby boosting the demand for commercial transportation fuels.

Additionally, technological advancements in vehicle and engine design are propelling the demand for specialized fuels. Automakers are increasingly focusing on developing vehicles that are not only fuel-efficient but also compatible with alternative fuels such as biofuels and natural gas. This technological push is incentivized by stricter emission norms globally, compelling fuel producers to innovate and provide cleaner fuel options. The development of hybrid and electric vehicles, while posing a challenge to traditional fuels, also complements the fuel market by introducing blended fuels and promoting transitional technologies that require specialized fuel types.

Another significant growth factor is the rising awareness and implementation of environmental regulations aimed at reducing greenhouse gas emissions. Many countries are setting ambitious targets to reduce their carbon footprint, significantly impacting the road transportation fuel market. Fuel producers are investing in research and development to create cleaner burning fuels, such as low-sulfur diesel and ethanol blends, which meet regulatory requirements. These regulations are particularly stringent in regions like Europe and North America, where environmental consciousness is relatively high, driving the adoption of innovative fuel solutions that promise to reduce emissions without compromising performance.

Off Road Fuels, which are essential for powering vehicles and machinery used in agricultural, construction, and other non-highway applications, play a crucial role in the broader energy landscape. These fuels are often subject to different regulatory standards compared to on-road fuels, reflecting their specialized use cases. The demand for Off Road Fuels is driven by sectors that require robust energy solutions capable of supporting heavy-duty operations in diverse environments. As industries increasingly focus on sustainability, there is a growing interest in developing cleaner and more efficient Off Road Fuels, including biofuels and advanced diesel formulations, to reduce environmental impact while maintaining performance. This shift is part of a broader trend towards innovation in fuel technologies, aimed at meeting the unique needs of off-road applications while aligning with global environmental goals.

Regionally, the Asia Pacific is a major player in the road transportation fuel market owing to its burgeoning population and rapid economic growth. Countries such as China and India are witnessing unprecedented growth in vehicle sales, driven by rising disposable incomes and improvements in transportation infrastructure. North America and Europe, while mature markets, continue to evolve with the adoption of cleaner and more efficient fuels driven by policy initiatives and technological advancements. Latin America and the Middle East & Africa are also emerging as significant markets, characterized by diverse energy needs and varying regulatory landscapes.

Fuel Type Analysis

The road transportation fuel market is segmented by fuel type into gasoline, diesel, biofuels, natural gas

The global centrifugal compressors market is projected to reach a value of $1883.7 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.0% from 2019 to 2033. This steady growth is driven by increasing demand across key application sectors. The petrochemical industry remains a significant driver, fueled by expanding global production of plastics and petrochemicals. Industrial manufacturing, particularly in sectors like refining and power generation, also contributes substantially to market growth, driven by modernization efforts and rising energy demands. The transportation sector, while a smaller contributor currently, shows potential for expansion with the ongoing development of more efficient and powerful engines in vehicles and aircraft. Technological advancements, such as the development of more energy-efficient designs and improved materials, are further boosting the market. However, factors like fluctuating raw material prices and stringent environmental regulations pose potential restraints to market growth. The market segmentation highlights a preference for multi-stage centrifugal compressors due to their ability to handle higher pressures and flow rates compared to single-stage units. Growth is expected to be geographically diverse, with North America and Asia Pacific leading the market. North America benefits from a strong industrial base and high technological adoption rates, while Asia Pacific experiences robust growth driven by rapid industrialization and infrastructure development particularly in China and India. Europe and the Middle East & Africa also present significant opportunities, although growth might be more moderate due to existing infrastructure and slower economic growth in certain regions. Competition within the market is intense, with established players like Atlas Copco, Ingersoll Rand, Siemens Energy, and GE Oil & Gas vying for market share alongside other prominent companies. Continuous innovation and strategic partnerships are crucial for companies to navigate the evolving landscape and maintain a competitive edge in this dynamic market.

This is the 3rd version of the Chartbook of Economic Inequality