The United States recorded a trade deficit of 60.18 USD Billion in June of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In July 2024, the merchandise exports index worldwide, excluding the U.S., stood at 204.8. This is compared to an index value of 143 for the United States in the same month. The index was highest in emerging economies, reaching an index score of 353. Moreover, the merchandise imports index was also highest in emerging economies. The merchandise exports index is the U.S. dollar value of goods sold to the rest of the world, deflated by the U.S. Consumer Price Index (CPI).

For each decade and product class (first two columns) we test if the corresponding clusters have an export value growth in the following decade in the same product significantly higher than zero. From left to right the means of: out-competing, transitioning, and displaced clusters. Last column is the R2 of a regression using the clusters as fixed effects. (*** 3σ, ** 2.5σ, * 2σ).

The global Letter of Credit (LC) service market is experiencing robust growth, driven by the increasing international trade and the need for secure payment mechanisms. The market, estimated at $50 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033, reaching approximately $95 billion by 2033. This expansion is fueled by several key factors. The rising adoption of e-commerce and digitalization of trade processes streamlines LC issuance and management, contributing significantly to growth. Furthermore, the expanding global supply chains, particularly in high-tech and industrial product exports, necessitate secure payment solutions like LCs, boosting market demand. The diverse applications across agricultural, high-tech, and industrial product exports contribute to market segmentation, with the high-tech export sector exhibiting the fastest growth due to its complex transaction requirements and higher value goods. Specialized LC services, offering customized solutions beyond basic document preparation, are commanding premium prices and driving revenue growth. However, market growth faces constraints like increasing regulatory complexities surrounding international trade and the potential for fraud within LC transactions. While North America and Europe currently hold the largest market shares, regions like Asia-Pacific are showcasing rapid growth, fueled by economic expansion and increased trade activity in countries like China and India. The competitive landscape includes both established banks like Emerio Banque and specialized service providers such as Leapfrog LLC and Access to Export Ltd. The increasing preference for specialized LC services alongside the demand for robust risk mitigation solutions will further shape market dynamics in the coming years. Companies are investing in technology and expanding their service offerings to cater to evolving client needs and stay competitive in this dynamic market. This includes integrating blockchain technology for greater transparency and efficiency in LC transactions. The market is expected to consolidate further, with larger players acquiring smaller firms to gain market share and expand their geographical reach.

China recorded a trade surplus of 98.24 USD Billion in July of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

Port Construction Market Outlook

The global port construction market size is poised to grow from $41.2 billion in 2023 to $70.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.1%. This robust expansion is driven by the increasing need for efficient logistics and transportation systems, as global trade volumes continue to rise. The demand for enhanced port infrastructure is further fueled by the growth of international trade, advancements in maritime technologies, and the increasing adoption of automation in port operations.

One of the primary growth factors in the port construction market is the surge in global trade activities. With the rapid globalization and the constant movement of goods across borders, there is an ever-increasing need for advanced port facilities to handle the rising volume of cargo efficiently. Ports are vital nodes in the global supply chain, and their expansion and modernization are crucial to accommodate the larger vessels and increased cargo throughput. Furthermore, the strategic importance of ports in international trade has led to significant investments from both public and private sectors to develop world-class port infrastructure.

Another key driver is the technological advancements in the maritime industry. The integration of advanced technologies such as automation, IoT, and AI in port operations is revolutionizing the way ports operate, making them more efficient and cost-effective. Smart ports, equipped with state-of-the-art technologies, can streamline operations, reduce turnaround times, and enhance security measures. These technological innovations are encouraging port authorities and operators to invest in new construction projects and upgrade existing facilities to stay competitive in the global market.

Environmental concerns and sustainability goals are also playing a significant role in shaping the port construction market. There is a growing emphasis on developing eco-friendly ports that minimize environmental impact and promote sustainable practices. Governments and regulatory bodies are enforcing stringent environmental regulations, which necessitate the adoption of green technologies and sustainable construction methods in port development projects. This focus on sustainability is driving the demand for ports that prioritize energy efficiency, waste management, and reduced carbon emissions.

Regional outlook for the port construction market indicates varied growth patterns across different regions. Asia Pacific dominates the market, driven by the rapid industrialization and increasing trade activities in countries such as China, India, and Japan. North America is also witnessing significant growth due to the modernization of existing ports and the development of new ones to support the booming e-commerce sector. Europe, with its well-established port infrastructure, is focusing on upgrading and expanding its facilities to maintain its position in global trade. Meanwhile, Latin America and the Middle East & Africa are emerging markets with substantial growth potential, driven by investments in port infrastructure to support economic development and trade expansion.

Construction Type Analysis

The port construction market can be segmented by construction type into new port construction, port expansion, and maintenance and repair. New port construction projects are driven by the need to build state-of-the-art facilities to support the increasing global trade volumes. Countries with emerging economies are particularly investing in new ports to enhance their trade capabilities and attract foreign investments. These projects often involve significant capital investment and are undertaken with a long-term perspective to cater to future trade demands.

Port expansion projects are equally critical as they involve upgrading and enlarging existing port facilities to handle increased cargo volumes and accommodate larger vessels. Many of the well-established ports, particularly in Europe and North America, are focusing on expansion projects to improve their operational efficiency and competitiveness. These projects include the addition of new berths, deepening of existing channels, and expanding storage and handling capacities. The objective is to enhance the overall throughput and reduce congestion, thereby improving the efficiency of supply chain operations.

Maintenance and repair projects are essential to ensure the smooth functioning of port facilities and infrastructure. Regular maintenance is crucial to extend the lifespan of the port infrastructure, prevent de

The global wire rope for port market is experiencing robust growth, driven by increasing port infrastructure development and expansion globally. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors: the ongoing expansion of global trade necessitating larger and more efficient ports, increasing demand for safer and more reliable cargo handling equipment, and the adoption of advanced wire rope technologies that improve durability and longevity. The rising adoption of automated port systems and the need for high-strength wire ropes in heavy-lifting operations further contribute to market expansion. Significant growth is anticipated across all major segments, including different lay types (Left Regular Lay, Left Lang Lay, etc.) and applications (lifting equipment, drilling equipment, offshore facilities). While challenges such as fluctuating raw material prices and potential disruptions in the supply chain exist, the overall positive outlook for global trade and port modernization is expected to outweigh these limitations in the forecast period. Market segmentation reveals significant opportunities within specific application areas. The lifting equipment segment is expected to dominate the market due to the extensive use of wire ropes in cranes, hoists, and other heavy-lifting machinery within port operations. Geographically, regions like Asia-Pacific, driven by rapid economic growth and significant infrastructure investments in countries such as China and India, are anticipated to show the highest growth rates. North America and Europe will also contribute substantially, albeit at a slightly slower pace due to market maturity. The competitive landscape is marked by a mix of established international players and regional manufacturers, with competition focused on product innovation, pricing strategies, and supply chain efficiency. Companies like Teufelberger, Bridon-Bekaert, and Usha Martin are key players leveraging technological advancements and strategic partnerships to maintain their market positions. The next decade presents significant growth prospects for the wire rope for port market, creating lucrative investment opportunities for industry stakeholders.

This study is part of a quadrennial series designed to investigate the opinions and attitudes of the general public on matters related to foreign policy, and to define the parameters of public opinion within which decision-makers must operate. This public opinion study of the United States focused on respondents' opinions of the United States' leadership role in the world and the challenges the country faces domestically and internationally. The survey covered the following international topics: relations with other countries, role in foreign affairs, possible threats to vital interests in the next ten years, foreign policy goals, benefits or drawbacks of globalization, situations that might justify the use of United States troops in other parts of the world, the number and location of United States military bases overseas, respondent feelings toward people of other countries, opinions on the influence of other countries in the world and how much influence those countries should have, whether there should be a global regulating body to prevent economic instability, international trade, United States participation in potential treaties, the United States' role in the United Nations and NATO, respondent opinions on international institutions and regulating bodies such as the United Nations, World Trade Organization, and the World Health Organization, whether the United States will continue to be the world's leading power in the next 50 years, democracy in the Middle East and South Korea, the role of the United Nations Security Council, which side the United States should take in the Israeli-Palestinian conflict, what measures should be taken to deal with Iran's nuclear program, the military effort in Afghanistan, opinions on efforts to combat terrorism and the use of torture to extract information from prisoners, whether the respondent favors or opposes the government selling military equipment to other nations and using nuclear weapons in various circumstances, the economic development of China, and the conflict between North and South Korea. Domestic issues included economic prospects for American children when they become adults, funding for government programs, the fairness of the current distribution of income in the United States, the role of government, whether the government can be trusted to do what is right, climate change, greenhouse gas emissions, United States' dependence on foreign energy sources, drilling for oil and natural gas off the coast of the United States, and relations with Mexico including such issues as the ongoing drug war, as well as immigration and immigration reform. Demographic and other background information included age, gender, race/ethnicity, marital status, left-right political self-placement, political affiliation, employment status, highest level of education, and religious preference. Also included are household size and composition, whether the respondent is head of household, household income, housing type, ownership status of living quarters, household Internet access, Metropolitan Statistical Area (MSA) status, and region and state of residence.

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Shipping Container Market Size 2025-2029

The shipping container market size is forecast to increase by USD 3 billion at a CAGR of 4.8% between 2024 and 2029.

The market is experiencing significant growth due to the increasing global container traffic, driven by the expanding international trade and the growing economy of emerging markets. This trend is further fueled by strategic moves by key players in the industry to expand their operations and increase their profitability. However, the market is not without challenges, as the volatility in steel prices continues to impact the manufacturing costs of shipping containers. This price volatility, coupled with increasing competition and the need for regulatory compliance, necessitates effective operational planning and strategic decision-making for companies seeking to capitalize on market opportunities and navigate challenges effectively. In order to succeed in this dynamic market, companies must focus on innovation, cost optimization, and strategic partnerships to stay competitive and meet the evolving needs of their customers.

What will be the Size of the Shipping Container Market during the forecast period?

Request Free SampleThe container market encompasses a wide range of industries, with containerized solutions increasingly gaining traction in various sectors. From education and art installations to energy and water solutions, containers are being utilized to provide innovative and flexible alternatives. In containerized retail and housing, businesses and individuals are leveraging these structures for their adaptability and cost-effectiveness. Containerized construction and healthcare offer efficient and portable solutions, while containerized libraries and trade analytics provide access to information on the go. Containerized applications extend to various industries, including agriculture, waste management, logistics, and sustainable development. These solutions enable the transportation and storage of goods and resources, streamlining supply chains and reducing operational costs. Containerized infrastructure and manufacturing facilitate the production and distribution of goods on a global scale. Containerized trade is a significant aspect of the market, with containerized trade routes and lanes enabling the seamless movement of goods between countries. Containerized trade agreements, regulations, and compliance are crucial components, ensuring the smooth flow of international commerce. Containerized trade insurance and finance offer risk management and financial solutions for businesses engaging in global trade. Containerized solutions also play a vital role in emergency response and disaster relief, providing essential resources and services during crises. Containerized shipping and transportation networks ensure the timely delivery of goods and aid, making them an indispensable part of modern business operations.

How is this Shipping Container Industry segmented?

The shipping container 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. TypeDry containersReefer containersTank containersSpecial containersApplicationFood and beveragesConsumer goodsHealthcareIndustrial productsOthersVariantSmall containers (20 feet)Large containers (40 feet)High cube containers (40 feet)End-UserShipping CompaniesLogistics ProvidersManufacturersGeographyNorth AmericaUSCanadaEuropeGermanyUKMiddle East and AfricaAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Type Insights

The dry containers segment is estimated to witness significant growth during the forecast period.The container market is experiencing significant growth due to the increasing demand for efficient and cost-effective freight solutions. Dry containers, in particular, are in high demand, with China and India being the primary markets. These countries' extensive involvement in export and import activities of dry freight, driven by their large populations and commodity requirements, is fueling the market's expansion. China's increasing dry bulk production and the high-volume export and import activities of countries like Australia and Russia for food grains, and Egypt as a major importer of wheat, are significant contributors to the container market's growth. Containers offer substantial cost savings for both import and export trades by eliminating the need for warehousing at ports, as the containers themselves serve as temporary storage for goods. The container industry's evolution includes various entities such as Container Depot, Container Recycling, Container Freight, Container Logistics, Container Crane, Container Retrofit, Container Inventory, Container Art, Container Libraries, Container Repair, Container Sustainabi

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

In recent years, the US corn farming industry has experienced volatile revenue largely driven by changes in corn prices, production levels and crop yields. Early in the current period, up through 2022, corn prices saw a significant increase, which resulted in considerable revenue growth for farmers. This increase was fueled by high demand for biofuels and animal feeds and limited global supplies. However, as production ramps up both domestically and internationally, the industry has begun to feel downward pressure on corn prices. Record yields have led to oversupply, driving prices downward and increasing market competition. While sectors like livestock agriculture and industrial production have supported demand, the surplus has outpaced consumption and kept prices lower, causing challenges for farmers trying to maintain profit as fertilizer and seed prices stay high. Industry revenue has grown at a CAGR of 1.9% to reach an estimated $66.9 billion after a decrease of 5.6% in 2025. On the international front, the US corn export market has demonstrated resilience despite reduced demand from China, driven by geopolitical tensions and China's shift toward agricultural self-sufficiency. Retaliatory tariffs have further strained this trade relationship, while increased corn production from South America has intensified global competition, impacting US market share. However, the Russia-Ukraine conflict has disrupted Ukrainian corn supplies, leading many countries to turn to the US as an alternative source. This shift has bolstered exports to Asian and Latin American markets, mitigating the decline from China. Reduced domestic demand for products like high fructose corn syrup due to health concerns has made international trade increasingly vital for balancing the US corn market. Corn prices will remain volatile in the coming years, influenced by fluctuating crude oil prices that impact ethanol production and growing international competition. Policy changes, such as ethanol mandates and evolving trade agreements, will reshape international demand, offering growth opportunities abroad if US farmers can adapt to new biofuel and market needs. Climate change is a significant concern, threatening yields due to heat stress and shifting precipitation and insect population patterns. To protect productivity, farmers will have to invest more in fertilizers, pesticides, irrigation technologies and drought-tolerant crops. Industry revenue is forecast to grow at a CAGR of 0.7% to reach $69.1 billion in 2030.

The European Union has experienced a shift in its biggest trade partners since the early 2000s. Over the past two decades, the share of EU imports flowing from China has more than doubled, from around 8 percent in 2002 to over 20 percent in 2024, making China the EU's largest external import partner. At the same time, the proportion of total imports coming from the United Kingdom, which was historically a large importer to EU countries (the UK was an EU member state until 2020), have more than halved, from 18 percent to less than 7 percent. This secular trend existed before the UK voted to leave the EU in 2016, however, there has been a notable drop in imports from the UK since Brexit was enacted in 2020. By contrast the share of the EU's import trade taken by the U.S., Switzerland, and the Rest of World have remained relatively stable over this period. The share of exports coming from Russia was growing steadily in the period before 2014, after which the EU imposed economic sanctions on Russia due to the illegal annexation of Crimea from Ukraine. Imports from Russia collapsed in 2023, due to the effect of the additional economic sanctions placed on Russia in response to the full scale invasion of Ukraine in February of 2022.The Russian Federation is now only the tenth-largest exporter to the EU, after India, Japan, and South Korea.

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Marine Coatings Market Size 2025-2029

The marine coatings market size is forecast to increase by USD 5.41 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the expanding shipbuilding industry. This sector's upward trajectory is fueled by increasing global trade and infrastructure development, leading to an increased demand for new vessels and the need for robust marine coatings to ensure their longevity. Another key trend shaping the market is the shift toward eco-friendly coatings, as environmental regulations become more stringent. This trend is expected to continue as stakeholders prioritize sustainability and compliance. However, the market faces challenges as well. Fluctuating raw material prices pose a significant hurdle for manufacturers, as they must navigate the volatility to maintain profitability.
Additionally, the market is driven by the expansion of the shipbuilding industry and the increasing preference for eco-friendly coatings that enhance fuel efficiency and reduce environmental impact. The anti-fouling segment, which includes foul-release coatings, holds a significant market share due to the need for water resistance in various applications, from cruise ships and yachts to leisure boats and containers. Moreover, the regulatory hurdles impact adoption, as new regulations require stricter testing and certification processes for marine coatings. Supply chain inconsistencies also temper growth potential, as disruptions can lead to delays and increased costs. Companies seeking to capitalize on market opportunities must stay informed of these challenges and adapt their strategies accordingly. Effective supply chain management, price risk mitigation, and regulatory compliance are essential for success in the market.

What will be the Size of the Marine Coatings Market during the forecast period?

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The market in the US is driven by the increasing demand for corrosion protection in harsh environments, particularly in the shipbuilding industry. New ship constructions, including general cargo ships, bulk carriers, and container ships, require multi-component coatings for water resistance and abrasion resistance. Seaborne commerce activity, a significant contributor to international trade and maritime trade, also drives market growth. Platform supply vessels and Naval Vessels operating in harsh environments, such as offshore engineering projects and Crude Oil tankers, also require advanced coatings solutions for fouling prevention and VOC emissions reduction. Maintenance and repair of existing ships in US ports further boosts market demand.
Eco-friendly coating alternatives, including bio-based coatings, are gaining popularity due to their visual appeal and reduced environmental impact. The US ship builders and maintenance companies continue to invest in research and development of innovative coatings to meet the evolving needs of the maritime industry. The offshore engineering industry and seaborne trade along sea routes also contribute to market growth.

How is this Marine Coatings Industry segmented?

The marine coatings 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.

Application

  Coastal
  Deepsea
  Containers
  Offshore house
  Others


Type

  Epoxy
  Polyurethane
  Others


Technology

  Solvent-borne
  Water-borne
  Others


Product

  Anti-fouling coatings
  Anti-corrosion coatings
  Foul release coatings
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

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

Marine coatings play a crucial role in protecting valuable assets used in the oil and gas, shipping, and coastal industrial sectors from the corrosive marine environment. These coatings, often applied in thick films, utilize various additives to ensure sag resistance and effective coverage. Fumed Silica is a commonly used additive, providing benefits such as anti-settling, anti-sag properties, and enhanced chemical resistance, corrosion resistance, and scratch resistance to the cured polymer coating. In deep-water exploration, ultra-deep water, and harsh environments, the demand for advanced coatings solutions is on the rise. Bio-based coatings, with their eco-friendly appeal, are gaining traction in the market.

Additionally, the energy sector, including LNG carriers and crude oil tankers, relies heavily on marine coatings for water resistance and fuel consumption efficiency. Maintenance companies and shipbuilding in

The United States recorded a capital and financial account surplus of 77800 USD Million in June of 2025. This dataset provides the latest reported value for - United States Net Treasury International Capital Flows - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Couriers Market Size 2024-2028

The couriers market size is forecast to increase by USD 115.9 billion at a CAGR of 7.18% between 2023 and 2028. In the courier industry, the medical sector holds significant importance, particularly for the transportation of lab specimens, medical supplies, and organs for organ transplant surgeries. To meet the unique requirements of this market, courier service providers are adopting advanced technologies to ensure a temperature-controlled environment during transit. This includes the use of specialized vehicles and tracking systems to maintain optimal temperature conditions. Additionally, the increasing trend of e-commerce logistics has led to a rise in demand for efficient and reliable courier services. The market is experiencing significant growth, driven by the rise in the adoption of advanced technologies to enhance logistics efficiency and reduce costs. This includes the use of real-time tracking systems, automated sorting and routing, and drones for delivery in certain areas. However, challenges persist, such as the complexity of route planning and optimization due to urbanization and congested roads. To stay competitive, courier service providers must continue to innovate and invest in technology to meet the evolving needs of their customers.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to various factors, including the rise of omnichannel retailing, increasing international trade, and the digital transformation of businesses. Omnichannel retailing, which integrates various shopping channels such as brick-and-mortar stores, online retail portals, and mobile applications, has become a key driver for the market. With consumers expecting seamless shopping experiences, the demand for efficient and reliable delivery services has increased. This trend is particularly noticeable during peak shopping periods, such as the holiday season. Another significant trend is the growth of cross-border e-commerce.

Furthermore, the increasing international trade and internet penetration have led to a rise in cross-border shipping. This trend is further fueled by the growing number of e-retail portals that offer international shipping and the convenience of same-day delivery. The digital capabilities of businesses have also played a crucial role in the growth of the market. Fintech startups have introduced innovative payment solutions, making online transactions more secure and convenient. This has led to an increase in e-commerce sales and, in turn, the need for efficient and reliable delivery services. Moreover, the use of advanced tracking systems, automation, and route optimization has streamlined the last-mile distribution process.

Moreover, this has led to improved customer satisfaction and reduced delivery times, particularly in the business-to-business (B2B), business-to-consumer (B2C), and customer-to-customer (C2C) segments. Online grocery shopping has also emerged as a significant trend in the market. With the increasing popularity of online grocery shopping, there is a growing demand for same-day delivery services to ensure freshness and convenience. In conclusion, the market is witnessing significant growth due to various trends, including omnichannel retailing, cross-border e-commerce, and digital transformation. The need for efficient and reliable delivery services, particularly in last-mile distribution, is becoming increasingly important for businesses to remain competitive in today's market.

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.

Consumer

  Business to business
  Business to consumer
  Consumer to consumer


Type

  International
  Domestic


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe

    Germany
    UK
    France
    Spain


  Middle East and Africa



  South America

    Brazil

By Consumer Insights

The business to business segment is estimated to witness significant growth during the forecast period. The Business-to-Business (B2B) sector in the global courier market plays a pivotal role in supply chain logistics, serving the shipping and delivery requirements of corporations, manufacturers, wholesalers, and distributors worldwide. This segment concentrates on the transfer of goods and documents between businesses, facilitating trade, manufacturing, and other commercial transactions. Characterized by efficiency and dependability, the B2B segment caters to the unique needs of businesses. These needs include managing large shipment volumes, ensuring timely deliveries, and navigating complex logistics. Courier companies

Online stock brokerages continue to generate steady growth, as the proliferation of digital technology coincided with broader economic stabilization that incentivized investors to leave traditional brokers and started trading online. Despite the pandemic-induced recession, brokers endured revenue growth as more investors made trades amid market volatility. Lower discretionary spending fueled a temporary spike in the personal savings rate and led to a rise in young investors through online brokerages, causing total trading volume and internet traffic to skyrocket. In recent years, growth has been curtailed by the effects of high inflation, which cut consumers' propensity to invest. Nonetheless, the continued growth in equity markets, such as the S&P 500, fueled strong broker success, with revenue rising at a CAGR of 2.3% to an estimated $12.3 billion through the end of 2024, including an estimated 2.9% boost in 2024. Stabilizing operational costs and trading volumes have also cemented brokers’ profit margin. While online brokerage services were growing, players sought to expand their offerings to gain new customers and sway existing traders from other firms. In doing so, firms ramped up merger and acquisition (M&A) activity to offer advanced trading platforms and the ability to trade a diversified list of securities. One of the major acquisitions in the current period was Charles Schwab Corporation acquiring TD Ameritrade. Companies also engaged in heavy price competition to acquire new customers. Moving forward, online stock brokers are expected to continue growing, as the expected stabilization of global economic conditions will dampen market volatility. The economic recovery will allow consumers greater flexibility in online trading while the stock market grows in value and uncertain conditions wane. Brokerages will continue to innovate their platforms via provision of new trading capabilities like fractional investing, while higher engagement in price competition aiming to gain and retain customers. At the same time, expected growth in internet traffic volume and the S&P 500 will serve as good accelerants for demand for online brokerage. Over the next five years, revenue is expected to grow at a CAGR of 5.1% to an estimated $15.8 billion.

According to Cognitive Market Research, the global Industrial Wax market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

The global Industrial Wax market will expand significantly by 4.2% CAGR between 2024 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The fossil-based wax segment is set to rise due to the rising demand for candles used in consumer products. Petroleum wax is the source of paraffin and microcrystalline wax, which make up the majority of waxes obtained from fossil fuels. 
The Industrial Wax market is driven by a growing need for candles and other uses, growing demand for packaged food, and increasing application in the cosmetics industry.
Candles held the highest Industrial Wax market revenue share in 2023.

Current Scenario of the Industrial Wax Market

Key Drivers of the Industrial Wax Market

Growing Need for Candles and Other Uses to Support Industry Expansion

The market for industrial wax is being driven by the rising demand for different varieties of candles, like scented and colored ones. Candles are gradually becoming opulent and ornamental gift products. One trend propelling the market's expansion is the growing affluence of candles as a source of soft light and perfumes as a means of boosting the room's atmosphere. It is anticipated that the growing popularity of scented candles as gifts will propel the candle business, which is fueling the expansion of the market. The strong demand for waxes for industrial applications is a result of rising imports from developing nations like China and India. For instance, according to the United States International Trade Commission, 604.2 million pounds of candles were exported by the Chinese industry in 2020. Throughout the review period, China emerged as the world's leading exporter of candles in terms of value, contributing 21.1 percent of the worldwide export value in 2020.

It is anticipated that this will increase and bolster economic expansion, further opening doors for exporters in the marketplace. The market expansion is also anticipated to be driven by the expanding cosmetics industry. It is applied to paper to provide economical moisture, humidity, and grease resistance. Furthermore, the coating sector uses qualities like slip resistance, waterproofing, and anti-scratch for infrastructure, cars, and other things, which raises the demand for waxes even more. Thus, the market is expanding as a result of the rising demand for waxes for other uses, including food and additive packaging, insulation, and other uses.

Growing demand for packaged food will fuel market growth-

Nowadays, the world's transportation of goods—including fruits and food products—is expanding quickly, which is causing the need for packaged food to decline. People's changing eating habits and preferences are largely responsible for this rising demand for packaged food.Consequently, over the projection period, the food packaging business will have a plethora of opportunities due to the increased transportation of packaged foods. Hard paraffin, microcrystalline wax, resins, and polymers are combined to create impregnations, coatings, and contact adhesives that extend the shelf life of fruits and foods in food packaging. Fruits kept in wax are shielded from moisture and kept safe for an extended period. Due to this, there will be a greater need for industrial wax in the upcoming years as the food packaging sector is predicted to rise.

Increasing application in the cosmeti...

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.