Pacific Prime Wins Servicing Broker of the Year Award from AXCO
LONDON--(BUSINESS WIRE)--Global insurance brokerage Pacific Prime has been honored with the 'Servicing Broker of the Year Award' at the prestigious AXCO Global Insurance Awards 2025 by AXCO Insurance Information Services at the Hilton London Bankside Hotel on April 24th, 2025. The event brought together over 300 leading professionals from the global insurance industry to celebrate outstanding achievements and collaboration across the insurance ecosystem.
Selected from a highly competitive field of international firms, this award recognizes Pacific Prime's outstanding commitment to service excellence across employee benefits and international health insurance solutions worldwide.
This marks Pacific Prime's first win at the AXCO Awards — a significant milestone that underscores the company's leadership in managing complex global risks through cutting-edge technology and client-centric services.
AXCO presented the award to Neil Raymond, Founder and CEO of Pacific Prime, in recognition of the brokerage's client-centric approach, innovation in servicing solutions, and global reach that continues to set new industry benchmarks.
Neil Raymond, Founder and CEO of Pacific Prime, expressed his gratitude:
"It is a tremendous honor to be recognized as Servicing Broker of the Year by AXCO. This award is a testament to the relentless dedication of our global team, who strives every day to simplify insurance and deliver exceptional value to our clients. Winning such a prestigious award highlights the strength of our partnerships, the trust of our clients, and the innovative spirit that drives Pacific Prime forward. I want to extend a heartfelt thank you to everyone who made this achievement possible. We are inspired to continue raising the bar for service excellence worldwide."
About AXCO:
AXCO is the leading supplier of global insurance market information with over 55 years of experience in researching and publishing industry intelligence on insurance and employee benefits. Its unique business model and methods of research have enabled the development of an extensive suite of products comprising in-depth reports, focused profiles, Q&A databases, intelligent questioning tools, and email services, which are delivered to every corner of the globe.
To learn more about AXCO, please visit: https://www.axcoinfo.com/
About Pacific Prime
Established in 2000, Pacific Prime is an award-winning global insurance brokerage and employee benefits specialist that offers individual and corporate insurance solutions. With USD $1 billion premium under management, Pacific Prime is now the third largest employee benefits broker and the leading flexible benefits solutions provider in the Asia Pacific after acquiring CXA Group's brokerage arms in 2021. The brokerage has over 1,000 employees and 15 offices worldwide, including Hong Kong, Singapore, China, Thailand, Malaysia, UAE, Indonesia, the UK, the US, Mexico, the Philippines, and Australia.
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Carbon Nanotube (CNT) Materials Market to Reach $11.7 Billion by 2034, Driven by 14.6% CAGR
Carbon Nanotube (CNT) Materials Market Outlook 2025-2034 Luton, Bedfordshire, United Kingdom, May 30, 2025 (GLOBE NEWSWIRE) -- The global carbon nanotube (CNT) materials market, valued at USD 3.2 billion in 2024, is projected to grow at a CAGR of 14.6%, reaching approximately USD 11.7 billion by 2034. This impressive growth trajectory is driven by escalating demand in electronics, energy storage, composites, and healthcare sectors, bolstered by continuous advancements in manufacturing technologies and material science. Get a Sample PDF Brochure: Asia-Pacific dominates the global market, accounting for roughly 45% of total revenues, thanks to robust industrialization, a strong electronics base, and strategic government investments in nanotechnology research. Strategic Insights Market Growth Drivers High-performance demand: Industries are shifting toward advanced materials with superior electrical, thermal, and mechanical properties, with CNTs being a prime candidate. Technological advancement: Innovations in CVD, laser ablation, and arc discharge methods are improving production efficiency and scalability. Sustainability alignment: CNTs contribute to lightweight and energy-efficient materials, aligning with global sustainability goals, particularly in EVs and renewables. Government support and R&D investments: Ongoing research initiatives and funding programs are accelerating CNT adoption across emerging technologies. Key Challenges High production cost: The resource-intensive nature of CNT manufacturing remains a cost barrier. Health and environmental risks: Concerns over CNT toxicity have triggered stringent regulations, especially in Europe and North America. Limited standardization: Lack of uniform industry standards and testing protocols restricts broader adoption and integration. Supply chain vulnerability: Disruptions in raw material supply and specialized equipment availability could affect global production stability. Emerging Opportunities Energy storage revolution: CNTs are vital in advancing high-capacity batteries, supercapacitors, and fuel cells, especially for EVs and grid storage. Aerospace and automotive composites: Lightweight, high-strength CNT-reinforced materials support fuel efficiency and emission reduction targets. Biomedical advancements: Drug delivery, biosensing, and imaging applications of CNTs are gaining traction with progress in nanomedicine. Smart textiles and coatings: Increasing demand for multifunctional materials opens doors for CNTs in wearable tech and protective clothing. Regional Analysis: 1. North America Overview: North America, particularly the United States, is one of the leading regions in the carbon nanotube market, driven by extensive R&D activities, strong presence of high-tech industries, and robust demand from the defense, aerospace, automotive, and electronics sectors. Key Drivers: Heavy investment in advanced nanotechnology and materials research. High adoption of CNTs in lithium-ion batteries, semiconductors, and conductive films. Strong government support for clean energy and defense innovations. Notable Developments: U.S. companies are forming collaborations with national laboratories and academic institutions to advance CNT-based technologies. Growth in electric vehicle manufacturing is stimulating demand for CNTs in battery applications. Challenges: High production costs and scalability issues may restrict wider adoption. Regulatory scrutiny around nanomaterials and environmental concerns. 2. Europe Overview: Europe has shown steady growth in CNT adoption due to its emphasis on sustainable manufacturing, automotive electrification, and environmental regulations. Countries like Germany, France, and the UK are leading contributors. Key Drivers: Growing EV sector and stringent EU regulations on emissions. Significant R&D spending in advanced composites, particularly in Germany and France. 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Key trends driving this market include increased recreational activities, urban mobility solutions, and eco-friendly transportation Aluminum Plastic Film for Pouch Lithium Battery MarketThe global aluminum plastic film market for pouch lithium batteries is valued at approximately $2.3 billion in 2024, driven by the increasing demand for lightweight, durable, and efficient energy storage solutions. The market is projected to grow significantly, reaching around $4.5 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 7.1% from 2025 to Energy Storage Lithium-ion Batteries For Frequency Regulation MarketThe global energy storage market, particularly lithium-ion batteries for frequency regulation, is projected to achieve a market value of approximately $12 billion by 2024. This sector is expected to experience substantial growth, with a projected market value of around $28 billion by 2034. This indicates a robust Compound Annual Growth Rate (CAGR) of about 8.6% during the forecast period from 2025 to Large Capacity Portable Power Supply MarketThe large capacity portable power supply market is valued at approximately $2.5 billion, driven by surging demand in outdoor recreation, renewable energy, and emergency backup applications. The market is expected to grow significantly, reaching an estimated $6.5 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 10.3%. Lithium Battery Power Tools MarketThe global lithium battery power tools market is valued at approximately $17.6 billion in 2024 and is projected to reach around $30.2 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 5.7% during the forecast period from 2025 to Containerized ESS Energy Storage System MarketThe global market for containerized Energy Storage Systems (ESS) is poised for significant growth, with a current estimated value of approximately $1.5 billion in 2024. Projections indicate that this market could reach around $4.8 billion by 2034, driven by increasing demand for renewable energy sources and grid stability solutions. The Compound Annual Growth Rate (CAGR) for this period is calculated at around 12%. Electric Outboard Motors MarketThe electric outboard motor market is valued at approximately $1.2 billion in 2024, with projections indicating a surge to around $3.5 billion by 2034. This growth corresponds to a robust Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period from 2025 to Lithium Battery Nickel Plated Steel Strips MarketThe global market for lithium battery nickel plated steel strips is valued at approximately $1.2 billion in 2024, driven by the rising demand for electric vehicles (EVs) and energy storage systems. As the push for renewable energy and sustainable transport accelerates, the market is projected to reach around $2.6 billion by 2034, reflecting significant growth Wet-Process Battery Separators MarketThe global wet-process battery separators market is valued at approximately $1.5 billion in 2024, with a projected market value of $3.2 billion by 2034. This growth reflects an anticipated Compound Annual Growth Rate (CAGR) of 8.1% from 2025 to Nickel-plated Steel Sheet in Batteries MarketThe global nickel-plated steel sheet market, crucial for battery manufacturing, is valued at approximately $4.2 billion in 2024. This market is projected to grow significantly, with an estimated value of $7.3 billion by 2034. This growth correlates with a robust Compound Annual Growth Rate (CAGR) of around 6.1% for the forecast period from 2025 to Power Lithium Battery Cans MarketThe global power lithium battery cans market is valued at approximately $8 billion in 2024, driven by the accelerating demand for electric vehicles and renewable energy storage solutions. The anticipated market value is projected to reach around $20 billion by 2034, representing robust growth within a decade. This equates to a Compound Annual Growth Rate (CAGR) of about 9.4% from 2025 to Deep Cycle Lithium Battery MarketThe global deep cycle lithium battery market is valued at approximately $7 billion in 2024, with a robust growth trajectory projected to reach nearly $15 billion by 2034. This results in a Compound Annual Growth Rate (CAGR) of around 8.2% over the forecast period from 2025 to Lithium Battery Aluminum Plastic Film MarketThe global lithium battery aluminum plastic film market is valued at approximately $4.5 billion in 2024, with projections estimating a significant growth trajectory, reaching around $7.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 6.4% during the forecast period from 2025 to LiFSI for Lithium Battery Electrolyte MarketThe global Lithium bis(fluorosulfonyl)imide (LiFSI) market for lithium battery electrolytes is valued at approximately $350 million in 2024. This market is projected to witness significant growth, reaching an estimated value of $1.2 billion by 2034. This reflects a robust Compound Annual Growth Rate (CAGR) of around 13.2% during the forecast period from 2025 to Electric Bicycle and Motorcycle MarketThe global electric bicycle and motorcycle market is valued at approximately $40 billion in 2024, with expectations to reach around $120 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of approximately 12% over the forecast period from 2025 to Lithium-Ion Battery for Energy Storage MarketThe global lithium-ion battery market for energy storage is poised for significant growth, with a current market value estimated at approximately $16 billion in 2024. The market is projected to reach around $50 billion by 2034, driven by increasing demand for renewable energy storage and electric vehicles. This translates into a compound annual growth rate (CAGR) of about 12.2% during the forecast period from 2025 to Lithium-Ion Battery Pack for Consumer MarketThe global market value for lithium-ion battery packs in the consumer sector is estimated to reach approximately $40 billion, demonstrating robust demand driven by the growing adoption of portable electronic devices and electric vehicles (EVs). As sustainability becomes a critical focus, innovations in battery efficiency and recycling technologies are pivotal to market evolution. The forecast period from 2025 to 2034 anticipates significant growth, projecting a market value of roughly $75 billion by the end of 2034, reflecting increasing energy storage needs and renewable energy Lithium Battery Cell Assembly Machine MarketThe global market for lithium battery cell assembly machines is projected to reach approximately $3.2 billion in 2024, driven by the increasing demand for electric vehicles (EVs) and energy storage systems. The market is anticipated to expand significantly, with a projected value of $8.5 billion by 2034, reflecting a robust compound annual growth rate (CAGR) of around 10.1% during the forecast period from 2025 to Lithium-ion Battery Conductive Agent MarketThe global lithium-ion battery conductive agent market is valued at approximately $2.8 billion in 2024, with expectations to reach around $6.1 billion by 2034, reflecting robust demand driven by the expansion of electric vehicles (EVs) and renewable energy storage solutions. This indicates a projected Compound Annual Growth Rate (CAGR) of about 8.3% between 2025 and Lithium-ion Battery Materials MarketThe global lithium-ion battery materials market is poised for significant growth, currently valued at approximately $32 billion in 2024. This market is projected to expand to around $70 billion by 2034, reflecting a robust compound annual growth rate (CAGR) of 8.2% during the forecast period from 2025 to CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
