The global encoder market size attained a value of nearly USD 2.42 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8% to reach nearly USD 4.83 billion by 2032. Encoders, essential components in various industrial applications, convert motion or position information into a coded format for communication and processing. They are pivotal in industries requiring precision and control, such as automotive, electronics, textiles, printing machine...

The global absolute ethanol market size is experiencing rapid growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 4.10% during the forecast period of 2024-2032. This growth is driven by the increasing demand for ethanol across various industries, including pharmaceuticals, automotive fuels, and chemical manufacturing. However, alongside this growth comes a growing awareness of the environmental impact associated with ethanol production and usage. In this blog post, we will del...

The global automotive industry is continuously evolving, driven by the need for safer, more efficient, and environmentally friendly vehicles. In this dynamic landscape, the choice of materials used in automotive manufacturing plays a crucial role in determining the performance, safety, and sustainability of vehicles. One such material that has been gaining prominence in recent years is Advanced High-Strength Steel (AHSS). As of 2023, the global automotive metals market size stood at a value o...