In November 2024, industrial production in Italy overall decreased by 1.5 percent compared to November 2023. Manufacturing of transport equipments and petroleum products recorded a drop by more than ten percent. On the contrary, electricity, and pharmaceuticals registered the highest growth rates. Impact on consumption and production The spring of 2020 recorded a very sharp decrease in industrial production and consumption. In terms of industrial production, some of the most impacted sectors by the coronavirus were the manufacture of textiles, apparel, leather, and accessories, as well as the manufacture of transport equipment. Similarly, consumption volume increased in March 2021 compared to one year ago. During the pandemic, the sectors of air transportation and leisure activities saw some of the largest drops in consumption. Recovery after COVID-19 Italy's economy has been strongly hit by the coronavirus pandemic, with Italy's GDP dropping consistently in 2020. Additionally, Italian exports are estimated to have decreased by over 15 percent. However, 2021 seems to be a year of recovery. The GDP is estimated to grow from three to four percent. The exports and imports are going to increase as well. Nevertheless, the next two years might experience an increase in unemployment rate, particularly during 2021.

According to Cognitive Market Research, the global industrial software market size will be USD 22624.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 17.50% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 8371.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 6561.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 5429.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.5% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 859.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 904.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.8% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 497.75 million in 2025 It will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Al in manufacturing is the fastest growing segment of the industrial software market industry

Market Dynamics of Industrial Software Market

Key Drivers for Industrial Software Market

Rise of Industry 4.0 and Smart Manufacturing To Boost Market Growth

The advent of Industry 4.0 is revolutionizing how industries operate by integrating advanced technologies such as IoT, AI, machine learning, robotics, and cloud computing. As manufacturers increasingly digitize their operations, the demand for industrial software—such as Manufacturing Execution Systems (MES), SCADA, and Product Lifecycle Management (PLM)—is accelerating. These solutions enable real-time monitoring, predictive maintenance, and automated decision-making, which significantly enhance productivity and reduce downtime. Industrial software also supports integration across the value chain, from design and engineering to production and supply chain management. Governments and private players alike are investing heavily in smart factory initiatives, further boosting software adoption. Additionally, software-based automation helps address labour shortages and skill gaps by reducing reliance on manual processes. The push for operational agility, product customization, and cost efficiency continues to drive the shift toward intelligent software systems across all sectors. In November 2024, China surpassed Germany in industrial robot usage, now ranking third globally with 470 robots per 10,000 workers, reflecting its significant investment in automation to enhance manufacturing capabilities.

https://www.reuters.com/technology/china-overtakes-germany-industrial-use-robots-says-report-2024-11-20/”/

Growing Demand for Predictive Maintenance and Real-Time Monitoring To Boost Market Growth

Industrial operations are increasingly turning to predictive maintenance and real-time asset monitoring to maximize uptime and reduce maintenance costs. Traditional reactive or time-based maintenance approaches often lead to unplanned downtimes and increased operational risks. In contrast, industrial software integrated with IoT sensors and analytics platforms enables early detection of anomalies in equipment performance. This allows operators to schedule maintenance only when necessary, extending asset life and avoiding costly disruptions. Real-time dashboards, alert systems, and AI-powered insights provide a holistic view of plant performance, facilitating data-driven decision-making. Industries such as oil & gas, manufacturing, power generation, and logistics are among the top adopters of such technologies. The economic benefit of avoiding system failures—combined with better regulatory compliance and safety assurance—is making predictive software tools a critical component in modern industrial strategy. As a result, companies are investing in platforms that offer condition monitoring, digital twins, and remote diagnostics.

Restraint Factor for the Industrial Software Market

High Implementation and Integration Costs, Will Limit Market Growth

One of the primary restr...

Special Equipment Manufacturing Market Outlook

The global special equipment manufacturing market size was valued at approximately $460 billion in 2023 and is projected to reach around $750 billion by 2032, growing at a compound annual growth rate (CAGR) of 6%. This market is poised for substantial growth driven by advancements in technology and increasing demand across various industries such as healthcare, construction, and aerospace and defense. The high CAGR reflects a dynamic sector characterized by ongoing innovation and diversification in product offerings and applications.

Several factors are propelling the growth of the special equipment manufacturing market. One primary growth factor is the rapid technological advancements, particularly in automation, robotics, and 3D printing. These technologies are revolutionizing manufacturing processes by enhancing precision, reducing production times, and lowering operational costs. For instance, automation and robotics are increasingly being adopted in industrial settings to improve efficiency and safety, while 3D printing is enabling the creation of complex components that were previously difficult or impossible to manufacture using traditional methods. As these technologies continue to evolve, their integration into special equipment manufacturing is expected to drive significant market growth.

Another critical growth factor is the increasing demand for specialized equipment in various end-use industries. The healthcare industry, for example, is experiencing a surge in demand for advanced medical equipment due to the growing global population, rising prevalence of chronic diseases, and an aging population. Similarly, the aerospace and defense sector is investing heavily in advanced machinery and equipment to enhance capabilities and maintain a competitive edge. Additionally, the construction industry is witnessing a shift towards more efficient and innovative machinery to meet the rising demand for infrastructure development and urbanization. These industry-specific demands are fueling the expansion of the special equipment manufacturing market.

Moreover, government initiatives and investments in infrastructure development and modernization projects are significantly contributing to market growth. Governments worldwide are implementing policies and providing financial support to promote industrial development and technological innovation. For example, initiatives such as Industry 4.0 and smart manufacturing are encouraging the adoption of advanced technologies in manufacturing processes. These initiatives not only enhance productivity and efficiency but also foster the development of new and specialized equipment. The supportive regulatory environment and financial incentives provided by governments are expected to further drive market expansion.

From a regional perspective, Asia Pacific is expected to dominate the special equipment manufacturing market over the forecast period. The region's rapid industrialization, growing population, and increasing investments in infrastructure development are key drivers of market growth. North America and Europe are also significant markets due to their established industrial base and continuous technological advancements. The Middle East & Africa and Latin America regions are anticipated to witness moderate growth, driven by increasing investments in infrastructure and industrial development. Each region's specific economic conditions, industrial policies, and technological advancements play a crucial role in shaping the market dynamics.

Product Type Analysis

Industrial Machinery

The industrial machinery segment encompasses a wide range of equipment used in manufacturing processes across various industries. This segment is expected to witness substantial growth due to increasing automation and technological advancements. Industrial machinery is essential for efficient production, and its demand is driven by the need for precision, speed, and cost-effectiveness. The adoption of Industry 4.0 technologies, such as IoT and AI, is further enhancing the capabilities of industrial machinery, making it more intelligent and connected. These advancements are expected to drive the growth of the industrial machinery segment significantly.

Moreover, the rise of smart manufacturing and the integration of advanced control systems are revolutionizing the industrial machinery landsc

Key information about Brazil Industrial Production Index Growth

• Brazil Industrial production rose 1.7 % YoY in Jan 2025, following an increase of 0.3 % YoY in the previous month.
• Brazil Industrial production index growth rate YoY data is updated monthly, available from Jan 1986 to Jan 2025, with an average rate of 1.4 %.
• The data reached an all-time high of 34.5 % in Apr 1991 and a record low of -28.4 % in Apr 1990.

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Additive Manufacturing Market Size 2025-2029

The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the high demand in the medical device sector for customized and complex components. This trend is further fueled by increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. The high initial cost of setting up additive manufacturing facilities remains a significant barrier for entry, limiting the number of players and potentially hindering market penetration. Moreover, the technology's limited material options and the need for specialized expertise pose additional challenges.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on collaborations, strategic partnerships, and continuous innovation to reduce costs, expand material offerings, and improve production efficiency. By staying abreast of the latest industry developments and trends, businesses can position themselves to succeed in this dynamic and evolving market.

What will be the Size of the Additive Manufacturing Market during the forecast period?

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The market continues to experience significant growth and innovation, driven by the increasing adoption of industrial 3d printing technologies in various industries. The market's size is projected to expand at a robust rate, with the automotive and industrial segments leading the charge. Technologies such as fuse deposition modeling, stereolithography, and selective laser sintering are gaining popularity due to their ability to produce complex geometries and reduce production expenses. The market is also witnessing increased regulatory scrutiny, leading to the development of certification standards and quality assurance protocols. The integration of advanced scanning software and design software capabilities is enabling more precise and efficient manufacturing processes.
Mergers & acquisitions and collaboration agreements are common as companies seek to expand their offerings and enhance their competitive positions. Despite the advancements, challenges remain, including the need for installation services, addressing the skills gap, and ensuring compatibility with traditional manufacturing methods. Desktop additive manufacturing and desktop 3d printers are also gaining traction for prototyping and educational purposes. The market's future direction lies in the continued development of more advanced technologies, improved design software, and the expansion of applications beyond prototyping to production. The shift from subtractive manufacturing methods to additive manufacturing is transforming industries, offering new opportunities for innovation and cost savings.
The market's dynamics are shaped by ongoing technological advancements, regulatory developments, and industry 4.0 trends.

How is this Additive Manufacturing Industry segmented?

The additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Hardware
  Software
  Services


End-user

  Automotive
  Aerospace
  Industrial
  Healthcare
  Defense
  Consumer Goods
  Education/Research
  Others


Material

  Plastics
  Metals
  Ceramics
  Others


Technology

  Stereolithography
  Polyjet printing
  Binder jetting
  Laser sintering
  Fused Deposition Modeling (FDM)
  Direct Metal Laser Sintering (DMLS)
  Electron Beam Melting (EBM)
  Directed Energy Deposition (DED)
  Others
  Binder jetting


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

    UAE


  Rest of World

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period.

Additive manufacturing, also known as 3D printing, is revolutionizing industrial production by enabling the creation of complex parts layer-by-layer. The market for this technology is in a high-growth stage, driven by the increasing adoption in industries such as aerospace, automotive, healthcare, and manufacturing. Industrial 3D printers, which use technologies like Fused Deposition Modeling (FDM), Stereolithography, Selective Laser Sintering (SLS), and Digital Light Processing (DLP), are at the heart of this process. These printers offer advantages such as enhanced material usage, functional parts precision, and reduced production expenses. The dental industry and education sector are witnessing significant growth in the utiliz

IBISWorld delves into the top five fastest-growing Canadian industries.

Madagascar MG: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -10.111 % in 2009. This records a decrease from the previous number of 21.425 % for 2008. Madagascar MG: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 2.685 % from Dec 1985 (Median) to 2009, with 25 observations. The data reached an all-time high of 21.425 % in 2008 and a record low of -20.737 % in 2002. Madagascar MG: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

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Supervisory Control And Data Acquisition Market In Process Industries Size 2024-2028

The supervisory control and data acquisition market in process industries size is forecast to increase by USD 3.83 billion at a CAGR of 9.45% between 2024 and 2028. The market in process industries is witnessing significant growth due to the increasing need to reduce energy losses in metal, mining, and mineral industries. This trend is driving the adoption of advanced SCADA systems that enable real-time monitoring and optimization of energy consumption. With the emergence of 5G technology and Wireless Sensor Networks, the potential applications of SCADA systems continue to expand, offering significant opportunities for growth in the market. Additionally, the growing demand for cloud-based SCADA systems is another key trend, as they offer cost savings, flexibility, and scalability. Typical data inputs to stems encompass measurements of environmental factors like temperature, human-machine interfaces (HMI), and air pressure. However, the market is also facing challenges from cyber attacks, which can cause significant disruptions and damage to industrial operations. As such, there is a growing focus on implementing the cybersecurity measures to protect SCADA systems and ensure business continuity.

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In the process industries market, Supervisory Control and Data Acquisition (SCADA) systems have become essential for real-time detection and monitoring of industrial processes. These systems enable automation of various processes, from energy distribution and water management to waste control and transportation. The integration of smart grid technology and wireless communication technologies, such as 5G, has enabled the development of connected devices and the collection of vast amounts of data. Big Data analytics and cloud computing play a significant role in processing and presenting this data in real-time, allowing strategic decisions to be made effectively. SCADA systems have expanded beyond traditional applications to include smart buildings and energy management.

Furthermore, the market for SCADA in process industries is expected to grow significantly due to the increasing demand for automation and real-time data acquisition and presentation. Networked data communication and telecommunications have also become crucial components of SCADA systems, enabling seamless data transfer between various devices and systems. The integration of SCADA with mobility solutions has further increased the flexibility and accessibility of these systems. Overall, SCADA systems are transforming the process industries by providing real-time monitoring, control, and data acquisition capabilities.

Market Segmentation

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.

End-user

  Chemical industry
  Oil and gas industry
  Food and beverage industry
  Pharmaceutical industry
  Others


Component

  Solution
  Services


Geography

  APAC

    China
    Japan


  North America

    The U.S.
    Canada


  Europe

    Germany
    France


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By End-user Insights

The Chemical industry segment is estimated to witness significant growth during the forecast period. In process industries such as oil and gas, food and beverages, and water treatment, Supervisory Control and Data Acquisition (SCADA) systems play a crucial role in ensuring real-time detection and monitoring of industrial processes. These technologically advanced infrastructure solutions enable the collection and analysis of vast amounts of data from operating equipment and connected devices through wireless communication technologies and big data analytics. The implementation of SCADA systems facilitates automation, energy distribution, and smart grid technology, leading to significant business operational efficiencies. SCADA systems are particularly beneficial in industries that require stringent safety standards, such as chemical manufacturing. By providing real-time data collection, advanced analytics, and control capabilities, these systems help maintain optimum quality and safety limits.

Furthermore, the integration of cloud computing and mobility enables strategic decision-making and remote monitoring, reducing the need for on-site installation and maintenance. The adoption of SCADA systems is not limited to traditional industries. Smart buildings, transportation, and water and waste control are also embracing these solutions to optimize their operations. Overall, the benefits of SCADA systems, including improved operational efficiencies, cost savings, and enhanced safety, are driving their adoption

The market is segmented by Product Type (Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil, and Heat Transfer Oil), End-user Industry (Power Generation, Chemical Manufacturing, Metallurgy and Metal Working, Food and Beverages, Automotive & Other Trans., and Others), and Geography (Asia-Pacific, North America, Europe, South America, Middle East, and Africa).

Industrial Machine Gas Processing Equipment Market Outlook

According to our latest research, the global Industrial Machine Gas Processing Equipment market size reached USD 8.3 billion in 2024. The sector is demonstrating robust growth, propelled by rising demand across core industries, and is expected to expand at a CAGR of 6.1% over the forecast period. By 2033, the market is projected to attain a value of approximately USD 14.1 billion. This upward trajectory is primarily driven by the increasing need for efficient gas processing solutions in oil & gas, chemical, and power generation sectors, as well as ongoing technological advancements in equipment design and automation.

One of the primary growth factors fueling the Industrial Machine Gas Processing Equipment market is the escalating demand for natural gas and its derivatives across various industrial applications. As industries strive to reduce their carbon footprint and transition towards cleaner sources of energy, natural gas has emerged as a preferred alternative due to its relatively lower emissions compared to coal and oil. This shift has necessitated the adoption of advanced gas processing equipment such as compressors, filters, heat exchangers, and separators. Additionally, the rising complexity of gas compositions and the need for precise separation and purification processes have further amplified the demand for technologically sophisticated equipment. The integration of digital monitoring and automation solutions is also enhancing operational efficiency and reliability, thereby attracting more end-users to upgrade their gas processing infrastructure.

The market is also benefiting from the expansion of the chemical processing and power generation industries, particularly in emerging economies. Rapid industrialization and urbanization in regions such as Asia Pacific and the Middle East are prompting significant investments in infrastructure development, including large-scale gas processing facilities. These industries require robust and reliable equipment to handle high-volume gas flows, ensure product purity, and comply with stringent environmental regulations. Furthermore, the food & beverage and pharmaceutical sectors are increasingly adopting gas processing technologies for applications such as carbonation, sterilization, and controlled atmosphere packaging. The growing awareness of the benefits of advanced gas processing equipment in terms of energy efficiency, operational safety, and regulatory compliance is further bolstering market growth.

Another critical driver for the Industrial Machine Gas Processing Equipment market is the ongoing trend of equipment modernization and replacement. Many industrial facilities are upgrading their aging gas processing systems with next-generation equipment that offers improved performance, lower maintenance requirements, and enhanced safety features. This trend is particularly pronounced in developed regions, where regulatory pressures and the need to maintain competitive operational standards are pushing companies to invest in state-of-the-art solutions. In addition, the advent of Industry 4.0 and the growing adoption of IoT-enabled gas processing equipment are enabling real-time monitoring, predictive maintenance, and data-driven decision-making, thereby optimizing operational efficiency and reducing downtime.

Regionally, Asia Pacific continues to dominate the Industrial Machine Gas Processing Equipment market, accounting for the largest share in 2024, followed by North America and Europe. The rapid industrialization, expanding energy infrastructure, and increasing investments in oil & gas exploration activities across China, India, and Southeast Asian countries are major contributors to the region’s market leadership. North America, driven by technological innovation and the presence of established players, remains a critical market for advanced gas processing solutions. Meanwhile, Europe is witnessing steady growth due to its focus on clean energy transition and stringent environmental regulations. The Middle East & Africa and Latin America are also emerging as promising markets, supported by ongoing investments in energy and industrial sectors.

Industrial Thermostatic Control Valves Market Size And Forecast

Industrial Thermostatic Control Valves Market size was valued at USD 1.09 Billion in 2024 and is projected to reach USD 1.89 Billion by 2031, growing at a CAGR of 7.12% during the forecast period 2024-2031.

Global Industrial Thermostatic Control Valves Market Drivers

The market drivers for the Industrial Thermostatic Control Valves Market can be influenced by various factors. These may include:

Energy Efficiency Regulations: The need for thermostatic control valves is fueled by the growing body of laws and standards that support energy efficiency in industrial processes. By preserving accurate temperature control and hence minimising energy waste, these valves aid in the optimisation of energy use.

Growing Industrial Automation: The need for thermostatic control valves is mostly driven by the trend towards industrial automation in a number of industries, including manufacturing, chemicals, oil and gas, and HVAC (heating, ventilation, and air conditioning). Because these valves precisely control temperature, they are essential to automated systems.

Emphasis On Process Optimisation: In an effort to boost output and cut expenses, industries are placing a greater emphasis on process optimisation. Precise temperature control is made possible by thermostatic control valves, and this is crucial for optimising a number of industrial processes, including heating, mixing, and chilling.

Growing HVAC System Adoption: The need for thermostatic control valves is fueled by the expanding use of heating, ventilation, and air conditioning (HVAC) systems in industrial, commercial, and residential buildings. These valves, which guarantee accurate temperature control and energy efficiency, are essential parts of HVAC systems.

Growth Of End-Use Sectors: The need for thermostatic control valves is fueled by the rise of sectors like oil and gas, chemical processing, pharmaceuticals, food and beverage, and power generation. These industries employ these valves for a variety of purposes, such as temperature control in reactors, distillation columns, and heat exchangers.

Technological Developments: The market is growing due to continuous improvements in valve technology, such as the creation of smart valves with Internet of Things (IoT) capabilities and better materials for increased durability and performance. Industry demand for increased dependability, efficiency, and remote monitoring capabilities has led to these improvements.

Emphasis On Sustainable Solutions: Across all industries, there is an increasing emphasis on green technologies and sustainable solutions. By cutting down on energy use and greenhouse gas emissions, thermostatic control valves support environmental initiatives and help companies meet their sustainability targets as well as legal requirements.

Emerging Markets: New prospects for market expansion are created by the fast industrialization and urbanisation of emerging economies, especially those in Asia-Pacific and Latin America. The need for thermostatic control valves in these areas is fueled by developments in infrastructure and the growing adoption of innovative manufacturing technologies.

The Industrial Sensors Market is Segmented by Sensor Type (Flow, Pressure, and More), End-User Industry (Chemical & Petrochemicals, Mining & Metals, Power & Energy, Food & Beverage and More), Technology (Wired / Analog, Edge-AI / Virtual Sensors and More), Communication Protocol (Fieldbus and More), Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

In 2024, recorded music revenues in the Middle East and North Africa grew by **** percent, making this the fastest growing region among the seven taken into consideration in an annual report. The second-fastest growing region in terms of revenue was Sub-Saharan Africa, who followed closely behind with a growth of **** percent. Latin America, in turn, followed closely behind as well, having grown by **** percent. By contrast, the revenue growth in the rest of the world remained in single digits.

Vietnam VN: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 14.400 % in 2017. This records an increase from the previous number of 11.900 % for 2016. Vietnam VN: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 11.106 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 14.400 % in 2017 and a record low of -21.839 % in 2010. Vietnam VN: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Industrial Grade Citric Acid Market Outlook

The global market size of industrial grade citric acid is projected to witness substantial growth, with numbers reaching approximately USD 3.2 billion in 2023 and an estimated USD 4.8 billion by 2032, reflecting a CAGR of 4.6%. This growth can be attributed to increasing demand across various sectors such as food and beverages, pharmaceuticals, and personal care industries. As a versatile organic acid, citric acid's application in diverse industrial operations underscores its critical role, fostering robust market expansion during the forecast period.

Several factors are driving the growth of the industrial grade citric acid market. Firstly, there is a surge in the global food and beverage industry's demand for natural additives. Citric acid, being a natural preservative and flavor enhancer, is extensively utilized to prolong shelf life and improve the taste of food and beverage products. The increasing consumer inclination towards natural and clean label products is further accelerating this demand. Additionally, the evolving dietary trends and the rising popularity of convenience and processed foods are contributing to the escalated use of citric acid, thereby propelling market growth.

Another significant growth factor is the expanding pharmaceutical and personal care sectors. Citric acid is widely incorporated in pharmaceutical formulations for its pH-adjusting properties and as an effervescent agent. The growing incidence of lifestyle diseases and the consequent rise in the consumption of pharmaceutical products are bolstering the demand for citric acid. Similarly, in the personal care industry, citric acid is employed as a preservative and a pH regulator in various skincare and cosmetic products. The escalating consumer awareness regarding personal grooming and hygiene is driving the demand for personal care products, thus positively impacting the citric acid market.

The industrial applications of citric acid also play a crucial role in market growth. It is used in the production of detergents and cleaners due to its ability to chelate metals, making it an effective cleaning agent. The increasing emphasis on maintaining cleanliness and hygiene, especially in the wake of the COVID-19 pandemic, has heightened the demand for industrial cleaners. Furthermore, citric acid's role in bio-based industrial processes and its use in metal finishing and textile industries contribute to its growing market share. The push towards sustainable and environment-friendly industrial practices further accelerates the adoption of citric acid in various industrial applications.

From a regional perspective, Asia Pacific holds a prominent position in the industrial grade citric acid market. The region's rapid industrialization and urbanization, coupled with a burgeoning middle-class population with rising disposable incomes, fuel the demand for processed food and beverage products, pharmaceuticals, and personal care items. North America and Europe also represent significant markets, driven by stringent regulatory standards regarding food safety and the increasing trend of natural and organic products. Latin America and the Middle East & Africa are emerging markets, with growth driven by expanding industrial activities and improving economic conditions.

Form Analysis

The industrial grade citric acid market is segmented by form into anhydrous and monohydrate. The anhydrous form of citric acid is devoid of water and is primarily utilized in applications where water content needs to be minimized, such as in certain industrial processes and formulations. Anhydrous citric acid finds extensive use in the food and beverage industry as an additive and preservative. Its ability to remain stable and effective in dry conditions makes it a preferred choice in the production of dry food products and powdered beverages. This segment is witnessing steady growth owing to its versatile applications and increasing demand for dry food items.

Monohydrate citric acid, on the other hand, contains one molecule of water and is widely used in applications requiring a certain level of hydration. This form is prevalent in the pharmaceutical and personal care industries, where it is used in effervescent tablets, syrups, and skincare products. The hygroscopic nature of monohydrate citric acid allows it to maintain moisture, making it suitable for various formulations. The growing pharmaceutical industry, driven by the rising prevalence of chronic diseases and increasing healthcare expenditure, is fueling the demand for monohydrate citric acid. Si

The mixed reality market is anticipated to grow exponentially with a CAGR of 45.34% during the forecast period 2025-2033. This growth can be attributed to the increasing adoption of mixed reality solutions in various industries such as healthcare, education, automotive and manufacturing. Mixed reality offers a blend of real-world and virtual environments, enabling immersive experiences, improved collaboration, and increased efficiency. The primary market drivers include increasing demand for interactive and personalized experiences, growing investments in research and development, and technological advancements in hardware and software. The market is segmented based on end-user verticals, companies, and regions. Key industry players include Samsung Electronics, Acer, Microsoft, Meta Platform, and AsusTek Computer. North America dominates the market due to the presence of numerous technology companies and early adoption of mixed reality solutions. Other prominent regions include Europe and Asia Pacific, which are exhibiting significant growth potential owing to government initiatives and increasing adoption in healthcare and education sectors. The report provides a comprehensive analysis of the mixed reality market, including its size, growth drivers, trends, and restraints. It also offers insights into the competitive landscape, key players, and regional growth dynamics. Key drivers for this market are: High End-Electronic Consumer Market, Growing Adoption in Various Industries; Growing Awarness of Technology, along with Content Availability. Potential restraints include: Lack of Standardization for Security of Digital Content. Notable trends are: Education Sector will Hold a Significant Market Share.

In 2021, the global information technology (IT) industry's growth could be impacted positively by reaching new customer segments, whereas continued COVID-19 effects would still have a big negative impact on the industry growth. There is still too much uncertainty surrounding the pandemic for the IT industry to resume confident growth.

Key information about Iran Industrial Production Index Growth

• Iran Industrial production rose 12.7 % YoY in Mar 2017, following an increase of 18.2 % YoY in the previous month.
• Iran Industrial production index growth rate YoY data is updated monthly, available from Jan 1958 to Mar 2017, with an average rate of 4.1 %.
• The data reached an all-time high of 285.5 % in Feb 1980 and a record low of -89.4 % in Oct 1980.

Industrial Real Estate Market size was valued at USD 11.5 Billion in 2023 and is estimated to reach USD 21.2 Billion by 2031, growing at a CAGR of 4.3% from 2024 to 2031.

Global Industrial Real Estate Market Drivers

The market drivers for the Industrial Real Estate Market can be influenced by various factors. These may include:

Growth of E-commerce: To handle inventory and enable prompt delivery, there is an increasing need for fulfillment centers, warehouses, and distribution centers as e-commerce and online retailing grow. Growing Manufacturing Activity: As the manufacturing sector expands, there is an increasing demand for industrial facilities for storage, assembly, and production. Supply Chain Optimization: By situating warehouses closer to important markets, businesses are investing in industrial real estate to streamline their supply chains, enhance logistics, and save transportation expenses. Technological Developments: The design and specifications of industrial facilities are influenced by technological developments, such as automation and robotics, which raises the cost of contemporary industrial spaces. Urbanization and Population Growth: As cities become more populated, there is an increasing need for industrial facilities to support the construction of new infrastructure, the distribution of goods in stores, and other services. Rising Demand for Cold Storage: The growing demand for perishable goods and temperature-sensitive products boosts the need for cold storage facilities. Government Infrastructure Investments: The expansion of the industrial real estate sector is facilitated by government investments in infrastructure, which include logistics centers and transportation networks. Foreign Direct Investment (FDI): As businesses establish production and distribution facilities in new areas, FDI inflows into a variety of industries may increase demand for industrial real estate. Reshoring and Nearshoring: Companies bringing manufacturing closer to home (reshoring) or to neighboring countries (nearshoring) seek industrial properties to establish or expand their production and distribution facilities. Sustainability Trends: Increasing focus on sustainability and green building practices encourages the development and renovation of industrial properties with energy-efficient and eco-friendly features. Urban Logistics and Last-Mile Delivery: The necessity for well-located industrial facilities within urban areas is driven by the growing demand for effective last-mile delivery services. Economic Growth and Industrial Expansion: As firms grow, there is a greater need for industrial real estate due to the general economic growth and industrial expansion.

This statistic shows the share of economic sectors in the global gross domestic product (GDP) from 2013 to 2023. In 2022, agriculture contributed 4.25 percent, industry contributed approximately 27.22 percent and services contributed about 61.76 percent to the global gross domestic product. See global GDP for comparison.