Marine oil is in high demand from end-use industries such as aqua feed and pharmaceuticals. However, the COVID-19 pandemic has impacted the global marine oil market, with significant obstruction in raw material procurement and the supply of raw material from one country to another. This reduction in supply consequently hampers production in end-use industries, thereby diminishing the growth of the global marine oil market. Nevertheless, the global marine oil market is expected to gradually recover with the resumption of activities across the globe, and reach a valuation of US$ 2.6 Bn by 2030.
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The global management system certification market is poised to increase at a steady CAGR of 5.1%, reaching US$ 43.6 Bn by 2032 from US$ 25 Bn in 2021.
"Certification services may help sectors ranging from small consumer electronics to aircraft."
Because of their low cost of manufacture, non-certified items can be utilised for a limited time. Uncertified items are typically made from low...
The global winter tires market is valued at US$ 24.1 Bn in 2022, and is forecast to surpass US$ 36.6 Bn valuation by 2032, expanding at a CAGR of 4.2% from 2022 to 2032.
Winter tires account for close to 1% share of total tire sales worldwide, and are la...
The marine valves and actuators market is predicted to grow at a moderate CAGR of 4.5%. The global market is estimated to reach a value of about US$ 5.8 Bn by 2032, growing from US$ 3.5 Bn valued in 2021.
“Recent technical advancements in the marine sect...
Methyl Tertiary-Butyl Ether (MTBE) Market Analysis, By Product Type (Oxygenate, Derivative Grade), By Application (Reformulated Gasoline, Solvents, Extraction), By End-use Industry (Oil & Gas, Polymers, Chemicals) – Global Market Insights 2022 to 2032