Press Releases by Category Chemicals & Materials
Polyglycolic Acid Market Growth, Trends & Forecast 2025 | Global Demand & Opport …
Polyglycolic Acid Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Polyglycolic Acid Market is estimated to reach at a CAGR 9.5% during the forecast period (2024-2031).
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Major Player in the Furniture Foam Market Insights 2025-2032: Global Expansion, …
The latest insightful report from Coherent Market Insights, titled "An Increase in Demand and Opportunities for Global Furniture Foam Market 2025," offers a well-organized and in-depth analysis of the Furniture Foam industry. Drawing from a wide range of reliable data sources, the report equips global decision-makers with valuable information to support strategic planning and influence economic growth. It delivers a comprehensive view of the market landscape, highlighting key elements such…
Micronized Wax Market to Surpass USD 1,233.1 Mn by 2033 with Steady 4.9% CAGR | …
The micronized wax market is poised for notable growth, with its value projected to rise from USD 803 Mn in 2024 to USD 1,233.1 Mn by 2033, reflecting a robust CAGR of 4.9%. This steady trajectory underscores the expanding demand for micronized waxes across diverse sectors such as coatings, plastics, inks, and cosmetics. Micronized wax, characterized by its fine particle size and excellent performance attributes, is gaining traction due to…
Robust Growth in Aluminum Market Emerging Trends in Industry Dynamics, Size Insi …
The global aluminum market is estimated to be valued at USD 261.22 Bn in 2025 and is expected to reach USD 411.56 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032.
The latest insightful report from Coherent Market Insights, titled "An Increase in Demand and Opportunities for Global Aluminum Market 2025," offers a well-organized and in-depth analysis of the Aluminum industry. Drawing from a…
Rosin Resin Market to Reach USD 4.4 Billion by 2033, Growing at a 4.90% CAGR | P …
The Rosin Resin Market is witnessing sustained growth, projected to expand from USD 2.9 billion in 2024 to USD 4.4 billion by 2033, representing a CAGR of 4.90% during the forecast period. Rosin resin, a natural resin derived from pine trees, finds extensive usage in adhesives, inks, rubber, and coatings, driven by its eco-friendly and biodegradable properties. The steady rise in industrial applications, coupled with growing environmental awareness, is boosting…
India Construction Chemical Market to Surge Past US$ 7.79 Bn by 2033, Growing at …
India's construction chemical market is undergoing a transformational shift, driven by rapid urbanization, infrastructure development, and increasing investments in smart cities and green buildings. As of 2023, the market was valued at US$ 2,161.5 Mn, and it is projected to reach US$ 2,407.1 Mn in 2024. Looking further ahead, by 2033, the industry is forecasted to expand significantly, touching US$ 7,792.6 Mn, registering an impressive CAGR of 13.9% between 2024…
High Temperature Insulation Market 2025 | Trends, Growth, Demand & Top key playe …
High Temperature Insulation Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Global High Temperature Insulation Market is estimated to reach at a CAGR of 5.5% during the forecast period (2024-2031).
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Roofing Adhesive Market 2025 | Top Brands, Types, Trends & Growth Analysis | Lea …
Roofing Adhesive Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Global Roofing Adhesive Market is expected to grow at a Significant CAGR during the forecast period 2024-2031.
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Phytochemicals Market Size, Share, Growth Analysis & Key Opportunities| Forecast …
Phytochemicals Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new…
Azo Pigments Market to Surpass US$ 2,489.8 Million by 2032, Growing at 4.2% CAGR …
The global Azo Pigments Market is on a steady growth trajectory, driven by rising demand across diverse end-use sectors such as textiles, paints, coatings, and plastics. According to Persistence Market Research, the market is projected to rise from US$ 1,866.8 million in 2025 to a robust US$ 2,489.8 million by 2032, expanding at a compound annual growth rate (CAGR) of 4.2%. These pigments, known for their vivid color properties and…
Acrylic Resin Market Growth, Trends & Forecast 2025 | Top Applications & key pla …
Acrylic Resin Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Acrylic Resin Market is estimated to reavh at a CAGR of 5.4% during the forecast period 2024-2031.
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Injection Molding in Biocomposites: High-Precision Applications in Automotive an …
The Biocomposites Market size was worth US$ 24,499.69 million in 2021 and is estimated to show significant growth by reaching up to US$ 80,299.46 million by 2031, growing at a CAGR of 16.2% within the forecast period (2024-2031).
Biocomposites Market is thoroughly examined in the DataM Intelligence study, offering a comprehensive analysis supported by robust statistics, historical data, and actionable insights. The report evaluates key industry players, analyzing their product portfolios,…
Photovoltaic Glass Market to Surge from USD 25.8 Mn in 2024 to USD 238.9 Mn by 2 …
The Photovoltaic Glass Market is witnessing an unprecedented surge as demand for sustainable and clean energy continues to rise globally. As per recent estimates, the market is projected to grow from USD 25.8 million in 2024 to USD 238.9 million by 2033, reflecting a robust CAGR of 28% over the forecast period. This dramatic rise underscores the pivotal role photovoltaic (PV) glass plays in the global transition toward renewable energy…
Fatty Alcohols Market Current Scenario and Future Prospects | Forecast period 20 …
Fatty Alcohol Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on…
Expansion Of Food Retail And Hospitality Industry Drives Growth In The Kitchenwa …
The Kitchenware Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Kitchenware Market Size and Its Estimated Growth Rate?
Over the past several years, the kitchenware market has experienced robust growth. A projected increase is expected to take its value from $69.21 billion…
Metal Powder Market to Reach US$ 19.3 Billion by 2032 with a Robust CAGR of 7.4% …
The global Metal Powder Market is witnessing a transformative phase, driven by the rising demand across automotive, aerospace, and additive manufacturing sectors. According to the latest findings by Persistence Market Research, the market size stood at US$ 10.38 billion in 2024 and is anticipated to expand significantly to US$ 19.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.4% during the forecast period.
This remarkable growth is…
Epoxy Coating Market In One or Two Coats Using a Premium-Grade Epoxy Resin - Pai …
The Global Epoxy Coating market to grow at a Significant CAGR during the forecast period 2024-2031.
Epoxy Coating Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that…
Hydrazine Hydrate Market: Innovations,Key Developments & Market Forecast | Keypl …
Hydrazine Hydrate Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on…
Esterquats Market Set to Reach USD 1.5 Bn by 2032, Growing at a CAGR of 2.7% | P …
The global Esterquats market is poised for steady expansion between 2025 and 2032, with market size estimated to grow from USD 1.2 billion in 2025 to USD 1.5 billion by 2032, registering a modest CAGR of 2.7%. Esterquats are quaternary ammonium compounds primarily used in fabric softeners and personal care products. Their eco-friendly nature and high biodegradability make them highly desirable in consumer and industrial applications, especially amid rising global…
Furniture Lacquer Market Anticipated To Witness Robust Growth, Surpassing $14.07 …
The Furniture Lacquer Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Furniture Lacquer Market Size and Its Estimated Growth Rate?
The market size for furniture lacquer has seen substantial growth in the recent past. It is projected to rise from $10.25 billion…
Bio-Based Epoxy Resins Market Forecast to Skyrocket, Reaching New Heights by 203 …
The bio-based epoxy resins market is undergoing a transformative phase as industries globally seek sustainable and eco-friendly alternatives to conventional petroleum-based resins. These resins, synthesized from plant-based sources such as glycerol, epichlorohydrin, and other biomass derivatives, are making significant inroads in various industrial sectors including construction, automotive, electronics, and packaging. Increased environmental awareness, along with stringent regulations aimed at reducing carbon footprints, is playing a pivotal role in boosting the…
Food Contact Papers Market Anticipated To Witness Robust Growth, Surpassing $105 …
The Food Contact Papers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Food Contact Papers Market Size and Its Estimated Growth Rate?
In recent years, the market size for food contact papers has seen significant growth. It's projected to expand from $80.78…
Modified Wood Market Set to Reach USD 2 Billion by 2031, Growing at 8.40% CAGR | …
The global Modified Wood Market is on a remarkable trajectory, projected to grow from USD 1.1 billion in 2024 to an estimated USD 2 billion by 2031, expanding at a compound annual growth rate (CAGR) of 8.40%. As demand for sustainable construction materials rises globally, modified wood-enhanced through chemical, thermal, or biological processes-continues to gain popularity across residential, commercial, and industrial applications.
This market expansion is strongly supported by the increasing…
Chemicals For Paper Recycling Market Forecast to Skyrocket, Reaching New Heights …
The lime market is experiencing robust growth as demand surges across key end-use industries including metallurgy, construction, agriculture, and environmental applications. With evolving industrial dynamics and expanding urban infrastructure, lime remains a crucial component for numerous chemical and industrial processes. The global lime market has seen steady expansion in recent years, driven by both volume and value, and is projected to maintain this upward trend through 2032.
Rising consumption of lime…
Lime Market Set to Expand at a 4.3% CAGR, Reaching USD 58.7 billion by 2032 | Pe …
The global lime market is projected to witness steady growth over the forecast period, with its total valuation expected to surge from USD 43.7 billion in 2025 to approximately USD 58.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.3%. This growth trend reflects the rising application of lime in construction, metallurgy, water treatment, and environmental protection sectors across both developed and emerging economies.
One of the primary…
Sulfur Fertilizer Market to Reach US$6.0 Billion by 2031, Growing at 3.7% CAGR | …
The global sulfur fertilizer market is on a steady growth trajectory, forecasted to rise from US$4.6 billion in 2024 to US$6.0 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 3.7% during the 2024-2031 period. This upward trend reflects a growing recognition of sulfur's critical role in improving crop quality, enhancing nutrient uptake, and boosting agricultural productivity in sulfur-deficient soils.
Several key factors are fueling this growth. One primary…
Tungsten Carbide Powder Market to Reach US$25.3 Billion by 2031, Recording 5.9% …
The global tungsten carbide powder market is poised for steady growth, rising from a valuation of US$16.9 billion in 2024 to US$25.3 billion by 2031. This represents a robust CAGR of 5.9% during the forecast period from 2024 to 2031. Tungsten carbide powder, known for its extreme hardness and resistance to wear, plays a pivotal role across various industries, including mining, construction, automotive, and aerospace.
Growth in infrastructure development across emerging…
Latex Ink Market Growth Fueled By Rising Packaging Industry Demand: A Key Driver …
The Latex Ink Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Latex Ink Market Size and Its Estimated Growth Rate?
The industry for latex ink has seen a robust growth in recent times. The industry's market value is projected to increase from…
Emerging Trends Influencing The Growth Of The Isobutyraldehyde Market: Adoption …
The Isobutyraldehyde Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Isobutyraldehyde Market Size Expected to Be by 2034?
The isobutyraldehyde market has seen significant expansion in the past few years. It's projected that it will increase from $2.02 billion in 2024 to…
Start Your Titanium Sponge Business in India: Process, Cost & Key Requirements
Setting up a titanium sponge manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled " Titanium Sponge Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
Home Textile Market Anticipated To Witness Robust Growth, Surpassing $178.18 Bil …
The Home Textile Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Home Textile Market Size and Its Estimated Growth Rate?
The size of the home textile market has been expanding consistently in the past few years. It is projected to increase from…
Ceramics Market To Reach USD 319.0 Billion by 2033, CAGR of 6.12%
IMARC Group's latest report, titled "Ceramics Market Report by Product (Traditional, Advanced), Application (Tiles, Sanitary Wares, Abrasives, Pottery, Bricks and Pipes, and Others), End Use (Building and Construction, Industrial, Medical, and Others), and Region 2025-2033", the global ceramics market size reached USD 187.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 319.0 Billion by 2033, exhibiting a growth rate (CAGR) of 6.12% during 2025-2033. The…
Tackifier Market Outlook 2024-2031: Top Key Players, Emerging Trends, and Growth …
Tackifier Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new…
Hydrophobic Coatings Market Set to Expand at a 4.4% CAGR, Reaching US$ 3.2 Bn by …
The global hydrophobic coatings market is poised for substantial growth, advancing from US$ 2.4 Bn in 2024 to US$ 3.2 Bn by 2031, expanding at a compound annual growth rate (CAGR) of 4.4% during the forecast period. These coatings are gaining traction across industries due to their water-repellent properties, making surfaces resistant to moisture, dust, and corrosion. Their applications are becoming increasingly diverse, from automotive to consumer electronics and healthcare.
This…
India Bitumen Market Size to Reach USD 4.24 Billion by 2033, At a CAGR of 2.70%
How Big is the India Bitumen Industry?
The India bitumen market size reached USD 3.27 Billion in 2024 and is expected to reach USD 4.24 Billion by 2033, exhibiting a growth rate (CAGR) of 2.70% during 2025-2033.
India Bitumen Market Trends:
The Indian bitumen market is undergoing a transformational change fueled by unprecedented levels of urbanization and ongoing infrastructure development across the country. One of the key trends is a shift toward…
Playground Surface Materials Market to Reach US$ 8.1 Bn by 2031, Growing at a 6% …
The Playground Surface Materials Market is witnessing robust growth as increasing focus on child safety, urban recreational infrastructure, and sustainable material use drives demand. The global market, valued at US$ 5.3 Bn in 2024, is projected to soar to US$ 8.1 Bn by 2031, recording a compound annual growth rate (CAGR) of 6% during the forecast period from 2024 to 2031, according to Persistence Market Research.
From public parks and schoolyards…
Container Glass Coatings Market Set to Shine with High Growth by 2030
Overview of the Container Glass Coatings Market
The container glass coatings market has emerged as a vital segment in the packaging industry, addressing both aesthetic and functional requirements. These coatings serve as a protective layer applied to glass containers such as jars, bottles, and vials, offering benefits such as improved durability, heat resistance, and surface appearance. The global market is seeing rapid expansion, largely driven by rising demand across sectors like…
Europe Cathode Material Market to Surge at 14.4% CAGR, Hitting US$ 12.3 Bn by 20 …
The Europe cathode material market is poised for impressive expansion, driven by a wave of innovations in energy storage and a robust shift towards sustainable mobility. According to Persistence Market Research, the market was valued at US$ 4.8 billion in 2024 and is projected to reach US$ 12.3 billion by 2031, growing at an exceptional CAGR of 14.4% during the forecast period. This surge is attributed to the rising demand…
Indian Pesticides Market 2025: Industry to Reach INR 440.1 Billion by 2033, At a …
Pesticides Market in Indian 2025:
How Big is the Indian Pesticides Market?
The Indian pesticides market size reached INR 260.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach INR 440.1 Billion by 2033, exhibiting a growth rate (CAGR) of 5.72% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: INR 260.0 Billion
Market Size in 2033: INR 440.1 Billion
Market Growth Rate (CAGR) 2025-2033: 5.72%
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Hydrofluoroolefin Market to Expand at 11.4% CAGR, Reaching US$ 9.1 Bn by 2031 | …
The global hydrofluoroolefin market is poised for significant growth over the next decade, with a projected compound annual growth rate (CAGR) of 11.4% between 2024 and 2031. Market value is expected to surge from US$ 4.3 billion in 2024 to an impressive US$ 9.1 billion by 2031, highlighting the increasing demand for sustainable refrigerants and alternatives to traditional hydrofluorocarbons (HFCs). This growth is driven largely by evolving environmental regulations and…
Magnetic Materials Market: Growth, Share, and Future Opportunities Forecast Anal …
Magnetic Materials Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on…
Thermal Insulation Material Market to Expand at 8% CAGR, Reaching US$ 97.2 Bn by …
The global thermal insulation material market is on a robust growth trajectory, poised to reach an estimated valuation of US$ 97.2 billion by 2031, up from US$ 72.3 billion in 2024. This growth corresponds to a healthy compound annual growth rate (CAGR) of 8% between 2024 and 2031, according to Persistence Market Research. The rising demand for energy-efficient solutions driven by stringent regulatory frameworks and the growing focus on enhancing…
Energy Chemicals Market Anticipated To Witness Robust Growth, Surpassing $174.09 …
The Energy Chemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Energy Chemicals Market Size and Its Estimated Growth Rate?
The market size of energy chemicals has seen significant progress in the past few years. It's expected to surge from $124.6 billion…
Soaring Growth Ahead: Aerospace Composites Market to Reach US$ 71 Bn by 2031, Gr …
The global aerospace composites market is charting a trajectory of robust expansion. According to Persistence Market Research, the industry is projected to witness a CAGR of 11.3% from 2024 to 2031, expanding from US$ 33.5 Bn in 2024 to an estimated US$ 71 Bn by 2031. As aerospace manufacturers pursue lighter, stronger, and more fuel-efficient aircraft, the demand for composites is reaching unprecedented heights.
Aerospace composites, comprising advanced materials like carbon…
Carbon Fiber Manufacturing Plant Setup | Raw Material List, Machinery Cost and I …
Setting up a carbon fiber manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled " Carbon Fiber Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
Quicklime Price Trend, Monitor Index, Price Chart and Forecast
Quicklime Price Analysis - APAC Last Quarter
Quicklime Prices in China:
During last quarter, quicklime prices in China fluctuated between lows in October and settling at around 139 USD/MT due to weak demand and delays in infrastructure projects. A partial recovery occurred as government-supported manufacturing boosted consumer spending. Despite steady domestic supply, low international orders kept the market cautious. These trends contrast with the steadier Quicklime Prices in USA, reflecting differences in…
Industrial Rubber Market to Surge to US$ 37.5 Bn by 2031, Growing at a 5.8% CAGR …
The global industrial rubber market is set to experience a robust expansion over the coming years, fueled by technological advancements, rising manufacturing output, and increasing applications across industries. As per the latest study by Persistence Market Research, the market is projected to grow at a CAGR of 5.8% during the forecast period from 2024 to 2031. The total market value is expected to increase from US$ 25.2 billion in 2024…
Electrodeposited Copper Foils Market to Witness Strong Growth, Expected to Reach …
The electrodeposited copper foils market is experiencing robust expansion, fueled by the ever-increasing demand for electronic components and printed circuit boards (PCBs). According to Persistence Market Research, the market is anticipated to rise from US$ 10.7 Bn in 2025 to an impressive US$ 20.1 Bn by 2032, exhibiting a strong CAGR of 9.5% throughout the forecast period from 2025 to 2032. As industries rapidly embrace digitization, electrification, and high-performance devices,…
Surging Gamer Demand Propels Growth In The Keycaps Market: Key Factor Driving Th …
The Keycaps Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Keycaps Market Size During the Forecast Period?
In the past few years, the market size of keycaps has witnessed significant growth. Its market size is projected to expand from $8.36 billion in…
Strong Growth Ahead: Honeycomb packaging Market Size To Grow At Arecord 5.3% Cag …
The Honeycomb packaging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Honeycomb packaging Market Size Expected to Be by 2034?
Over the past few years, the honeycomb packaging market has experienced robust growth. It is projected to increase from $13.67 billion in…