Global Industry News

Maturing Oil and Gas Fields Driving Artificial Lift Demand

Artificial lift is used in oil wells to increase pressure within the reservoir to bring oil to the surface. This machine is deployed to recover more production from oil reservoirs where the natural drive energy is very weak. The surging number of mature oil and gas fields will...
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Why Has Tungsten Carbide Recycling Increased?

Tungsten carbide is used in varied applications in the defense, metalworking, oil & gas, power generation, and automotive industries, due to its superior properties, such as high thermal conductivity, high resistance to scratches and indentations, and stiffer than steel....
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Why are Coding and Marking Systems Being Used in Automotive Industry?

The increasing usage of coding and marking systems in the pharmaceutical, cosmetic, and food & beverage industries is the primary factor augmenting their sales all over the world. Out of these industries, the requirement for coding and marking systems is currently the highest...
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Polyvinylidene Difluoride Membranes Becoming Preferred Filtration Medium

The increasing incidence of diseases and health issues, due to the consumption of toxic food items and beverages, is pushing up the requirement for polyvinylidene difluoride (PVDF) membranes across the world. This is because this membrane assists in filtering out the toxic materials...
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Increasing Construction of Green Buildings Driving Thermal Energy Storage Demand

Thermal energy storage refers to a technology that stocks thermal energy, by heating or cooling a storage medium, which can be used for power generation or heating and cooling applications. This system helps in balancing energy demand and supply on a seasonal, weekly, or daily...
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Booming Food & Beverage Industry Augmenting Sales of Extrusion Coatings

With the ballooning sales of electronic items, sporting goods, personal care products, and consumer goods, the demand for extrusion coatings are rising sharply across the globe. Extrusion coating materials are extensively used in the production of papers, paperboards, and packaging...
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What Are Control Valves and Why Do Factories Need Them?

Almost every factory has an extensive network of pipes, hoses, vats, silos, storage tanks, liquid inlets and outlets, pumps, and nozzles for some or the other purpose. From food and beverage and chemical, which would seem two of the obvious sectors when thinking of such infrastructure,...
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Agricultural Micronutrients Helping Enhance Horticulture Practices

The production of high-value crops, such as vegetables, fruits, ornamental crops, and nuts, requires micronutrients. These horticulture crops use larger quantities of micronutrients than other agronomic crops on a per-hectare basis. Moreover, the increasing acquisition of farmlands...
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Popularity of Domestic Recycling in North America and Europe Supporting Plastic Recycling Market Growth

A number of factors such as the surging pressure to reduce waste dumping, burgeoning demand for reprocessed items from end-use industries, and increasing installation of plastic recycling units in Europe and North America are expected to drive the plastic recycling market at...
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Boom in Automotive Industry Fueling Automotive OEM Coating Sales

The rapid expansion of the automotive industry, especially in the emerging economies of Southeast Asia such as Thailand, Indonesia, and India is one of the key factors responsible for the mushrooming demand for automotive original equipment manufacturer (OEM) coatings across...
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How Are R&D Activities Supporting Graphene Market Growth?

The mounting need for graphene in the medical and electrical and electronics industries and increasing research and development (R&D) activities in expanding the application base of the compound will fuel the graphene market at a CAGR of 20.2% during the forecast period...
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Surging Population Driving Growth of Global Retail E-Commerce Packaging Market

The global retail e-commerce packaging market was valued at $19,022.7 million in 2019, and it is expected to attain a revenue of $68,388.1 million by 2030. Furthermore, the market will progress at a CAGR of 12.1% from 2020 to 2030, as per the forecast of P&S Intelligence,...
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Surge in Automotive Industry Augmenting Demand for Metal Finishing Equipment

With the expansion of the automotive industry, the demand for metal finishing equipment is surging sharply across the world. The ballooning sales of automobiles, especially in the emerging economies such as India, Mexico, Indonesia, and China, is one of the major factors responsible...
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Mushrooming Demand for Triazine From Petrochemical Industry Augmenting its Worldwide Sales

With the growing usage of triazine in the petrochemical industry, its sales are climbing across the world. The compound is heavily used as a scavenger chemical in the stripping process for removing H2S from crude oil. The monitoring of H2S concentrations in petroleum reservoirs...
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Asia-Pacific and Middle East & Africa Set to Witness Soaring Sales of Pressure Sensitive Adhesives in Future

With the expansion of the global e-commerce industry, on account of the surging popularity of online shopping and the increasing disposable income of people, the demand for pressure sensitive adhesives is growing rapidly across the world. This is because the soaring popularity...
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Increasing Number of Mature Onshore Fields Driving Pump Jack Demand

A pump jack refers to a device that is utilized in the oil and gas industry to extract crude oil from oil wells where there is not enough pressure to force the oil to the surface. This device creates an artificial lift, in the oil well, which enhances the pressure within a well...
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