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The global aluminium extrusion market size was accounted for USD 67.77 billion, in 2019 and is anticipated to grow at a CAGR of 3.8% over the forecast period, 2020 to 2027. The major factor driving the market growth is increasing demand for aluminium extrusion from the building & construction industry. Several benefits such as lightweight, low price, and recyclability factors of the material are fueling the demand for the product in the construction of buildings.
The global vehicle access control market size was accounted for USD 8,624.5 million in 2018. It is projected to grow at a CAGR of 10.6% over the forecast period, 2019 to 2025. Growing concerns about vehicle theft in developed and developing countries is expected to boost market growth. Advancement in technology is attracting consumers to seek innovative access control system for the vehicle.
The global steel pipes & tubes market size was accounted for USD 142.4 billion in 2019. It is also projected to witness 6.2% CAGR over the forecasted period, 2020 to 2027. The rising production of oil & gas coupled with the need for their transportation is projected to augment the market growth. These pipes are manufactured using low carbon and alloy steel. They are largely used for downstream, upstream, and midstream processing of petroleum and crude oil.
The global vertical farming produce market size was accounted for USD 1.02 billion in 2019. It is also projected to witness 25.7% CAGR over the forecasted period, 2020 to 2027. The emerging concept of smart agriculture and need for catering to the surging food demand of the increasing population is estimated to propel the market growth of vertical farming produce.
The global hibiscus flower powder market size was worth USD 106.1 million in 2018. It is estimated to register 6.1% CAGR over the forecast duration, 2019 to 2025. Increasing application in various end-use industries such as pharmaceutical and food & beverages is driving the growth of the product.
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