Market Research

Refinery Antifoulant Market to Hit $270M by 2032 as Fouling Costs Bite

Pune – – October 06, 2026 -- The global CDU heat exchanger antifoulants market reached USD 215 million in 2024 and is forecast to climb to USD 270.24 million by 2032, a compound annual growth rate of 2.9%, according to a new report from Credence Research Inc.

North America controls 35% of global antifoulant demand on refinery scale

North America leads the market with roughly 35% share, backed by substantial refinery capacity and sustained investment in operational optimization. Europe follows at approximately 25%, driven by environmental regulation and refinery modernization mandates. Asia Pacific holds near 20% of the market, Middle East & Africa accounts for about 15%, and Latin America contributes roughly 5%.

Lithium Compound Market to Hit $39.74B by 2034 on EV, Battery Demand

Pune – October 05, 2026 -- The global lithium compound market is projected to grow from $9.82 billion in 2025 to $39.74 billion by 2034, a 16.8% compound annual growth rate, according to new analysis from Maximize Market Research.

Battery demand drives roughly 80% of global lithium consumption

Global lithium production reached approximately 130,000 tons in 2025 against consumption of around 134,000 tons, underscoring tight supply-demand balance. Lithium carbonate and lithium hydroxide dominate battery-grade applications, while lithium chloride, lithium bromide, lithium metal and butyllithium serve glass, ceramics, lubricants, metallurgy, air treatment and pharmaceutical markets. Stationary battery storage demand is growing at an estimated 40% annually, adding a new layer of consumption beyond electric vehicle batteries.

Hydraulic Fluid Market to Hit $11.91B by 2034 as Asia Pacific Leads

Pune, India – October 03, 2026 -- The global hydraulic fluid market is set to grow from $9.13 billion in 2025 to $11.91 billion by 2034, a 3% compound annual growth rate, as construction, mining, and industrial operators shift toward biodegradable and fire-resistant formulations, according to a new analysis from Maximize Market Research.

Bio-based oils capture 36% of the base oil segment in 2025

Stricter environmental regulations and demand for equipment-friendly performance pushed bio-based oil to the leading share of the base oil category, ahead of synthetic and mineral oil alternatives still favored for high-stress applications.

Aluminum Die Casting Market to Hit $179 Billion by 2034 on EV Demand

Pune, India – October 03, 2026 -- The global aluminum die casting market is set to more than double from USD 88.07 billion in 2025 to USD 179.01 billion by 2034, expanding at a compound annual growth rate of 8.2% between 2026 and 2034, according to a new analysis by Maximize Market Research.

Electric vehicle output drives component demand

Global electric car sales exceeded 20 million units in 2025, with China alone producing nearly 16 million EVs, almost 75% of worldwide output. The surge is fueling orders for aluminum battery housings, motor housings, transmission cases, and chassis parts that combine low weight with structural strength and thermal performance.

Global Sulfur Market to Hit $9.34B by 2034 on Fertilizer Demand

Pune, India -- October 03, 2026 -- The global sulfur market reached USD 6.56 billion in 2025 and is forecast to climb to USD 9.34 billion by 2034, a 4% compound annual growth rate, according to Maximize Market Research.

Fertilizer demand consumes more than half of recovered sulfur output

Agricultural use absorbs over 55% of recovered sulfur, primarily through phosphate fertilizer and sulfuric acid production. Nearly 98.5% of global elemental sulfur originates as a byproduct of petroleum refining, natural gas processing, coking, and metallurgical operations, tying supply directly to energy-sector output.

XDR Market to Hit $38.09B by 2031 as Identity Threats Surge

Delray Beach, Fla. – October 02, 2026 -- The global Extended Detection and Response (XDR) market is projected to grow from USD 10.98 billion in 2026 to USD 38.09 billion by 2031, a compound annual growth rate of 28.2%, according to MarketsandMarkets. The market stood at USD 7.92 billion in 2025, reflecting accelerating enterprise adoption of unified threat detection platforms.

Identity-based attacks drive integration of detection signals

Growing reliance on cloud applications, hybrid identities, service accounts, and machine-to-machine authentication is pushing organizations toward XDR to correlate identity behavior with endpoint and cloud activity. Microsoft notes that non-human identities can carry high privileges, making lateral-movement detection a priority for security teams managing increasingly distributed infrastructure.

Rotary Power Tool Market to Hit $0.85B by 2032, 5.3% CAGR

Delray Beach, Fla. – October 02, 2026 -- The global rotary power tool market is set to expand from USD 0.62 billion in 2026 to USD 0.85 billion by 2032, a compound annual growth rate of 5.3%, according to new data from MarketsandMarkets.

Professional buyers drive fastest growth segment at 6.5% CAGR

Contractors, tradespeople, and technicians are adopting rotary and oscillating multi-tools for construction, renovation, maintenance, woodworking, and repair work at a pace outstripping the broader market. The professional user segment is projected to register a 6.5% CAGR through 2032, as job-site demand for durable, flexible tools accelerates. Manufacturers are responding with brushless motors, variable-speed controls, improved battery runtime, and interchangeable accessories tailored to professional-grade usage.

Water Electrolysis Market to Hit $12.66B by 2034 as China Leads

Pune – October 02, 2026 -- The global water electrolysis market reached USD 7.43 billion in 2025 and is projected to climb to USD 12.66 billion by 2034, a 6.1% CAGR through the forecast period, according to a new report from Maximize Market Research (MMR).

Installed electrolysis capacity more than doubled to above 4 GW in 2025

Global installed electrolysis capacity surpassed 4 GW last year, with over 2.5 GW under construction and targeting operation in 2026. Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, almost double the 2024 figure, with electrolysis-based projects capturing the larger share of that total.

Electroplating Market to Hit $21.26B by 2034 on Auto, Defense Demand

Pune, India – October 02, 2026 -- The global electroplating market reached USD 16.45 billion in 2025 and is forecast to climb to USD 21.26 billion by 2034, growing at a 2.89% CAGR from 2026, according to new research from Maximize Market Research. Demand for corrosion-resistant, conductive and durable metal coatings across automotive, electric vehicles, electronics, aerospace, defense and medical devices is driving the expansion.

Asia Pacific dominates plating demand on automotive and electronics output

Asia Pacific led the market in 2025, underpinned by large-scale vehicle, PCB, connector and industrial equipment production across China, Japan, India and South Korea. North America and Europe remain significant, fueled by aerospace, defense and industrial applications alongside adoption of trivalent chromium and advanced wastewater-treatment systems to meet tightening environmental rules.

Elastomers Market to Hit $149.19B by 2034 as Asia Pacific Leads Growth

Pune, India – October 02, 2026 -- The global elastomers market is projected to grow from $104.73 billion in 2025 to $149.19 billion by 2034, a compound annual growth rate of 4.01% through the forecast period, according to Maximize Market Research.

BASF starts commercial TPU production in Shanghai to serve China's EV and robotics demand

In April 2026, BASF began commercial production of its Elastollan flame-retardant thermoplastic polyurethane (TPU) grade in Shanghai, expanding local supply for robotics, industrial automation and EV charging cable applications. The move strengthens China's position as a major hub for specialty elastomer production and consumption.