Global Industry News

Why Are Governments Preferring Floating Solar Panels For Power Generation?

Floating solar panels are new, cost-effective, and reliable solar energy-producing solutions, which are installed on water bodies to convert them into solar power plants. Green energy generated at these water reservoirs is used to power the pump on-site and in other applications,...
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How Are Technological Developments Fueling Lithium-Ion Battery Demand?

According to the Global Electric Vehicle Outlook 2021 report published by the International Energy Agency (IEA), there were 6,850,327 battery electric vehicles (BEV) and 3,346,713 plug-in hybrid electric vehicles (PHEV) all over the world in 2020.  The IEA further projects...
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Surging Automobile Manufacturing Fueling Expansion of Indian Aerosol Industry

The Indian aerosol market reached a revenue of $526.28 million in 2019 and it is predicted to progress at a CAGR of 6.0% between 2020 and 2030. Furthermore, the market will attain a valuation of $891.13 million by 2030. The market is being driven by the burgeoning requirement...
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How Is Rapid Industrialization Supporting Corrugated Packaging Market Growth?

Factors such as the accelerating industrialization rate in developing countries and increasing demand for sustainable and cost-effective packaging solutions will drive the corrugated packaging market at a CAGR of 3.7% during the forecast period. The market revenue stood at $237.5...
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Why Are Pharmaceutical Companies Using Microfiltration Membranes?

Wastewater treatment has become quintessential in recent times as environmental degradation caused by inadequate or no wastewater management poses a substantial threat to economic activity and human and animal health. With the surging awareness regarding the potential threats...
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Why Are Automakers Using UV-Curable Resins?

Ultraviolet (UV)-curable resins, which are made to harden and set by using a light source, are used to formulate coatings, adhesives, and inks. Products formulated from such resins are being used in the industrial coatings, electronics, graphic arts, mining, aerospace, and defense...
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African Nations Witnessing Booming Pharmaceutical Fine Chemicals Consumption

According to the United Nations Department of Economic and Social Affairs (UNDESA), the global population of people aged 65 years or above will surge from 703 million in 2019 to 1.5 billion by 2050. Due to the weak immune system and weak physical traits of the elderly, they...
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Why will Sales of Solar Encapsulation Materials Surge in Asia-Pacific in Future?

The surging use of photovoltaic (PV) modules, that convert solar energy into electrical energy via solar cells, is driving the demand for solar encapsulation materials. Moreover, with the rising popularity of solar energy, due to its eco-friendliness and economic viability,...
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How Is Packaging Industry Supporting Hot Melt Adhesives Market Growth?

Factors such as the surging consumer expenditure and the expanding packaging industry will help the hot melt adhesives market to display a CAGR of 6.1% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $7,717.0 million...
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Why will Demand for Pour Point Depressants Soar in Asia-Pacific in Coming Years?

The burgeoning requirement for pour point depressants (PPDs) in the automotive industry is one of the major factors driving their demand across the world. These polymers are used for producing lubricants, which are required in automobiles. Because of this reason, the soaring...
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Increasing Need for Durable Structures Boosting Construction Chemical Usage

A range of chemicals are added to concrete, cement, and other construction materials to keep everything intact and increase the strength of the final mixture. These are used in large quantities in the civil repair and construction sectors. Therefore, the surging rate of urbanization...
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Booming Textile Industry Propelling Dyestuff Demand in ASEAN and South Asia

Dyestuffs refer to water-soluble inexpensive materials that are used to impart color to fabrics. These substances comprise of pigments, azo acids, dyes, and intermediates. Dyestuff producers constantly work to improve the properties of such substances to meet the demands of...
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Increasing Residential Construction Activities Driving Insulation Demand

With the increasing industrialization and urbanization rates in several countries, the demand for industrial and residential insulation is rising sharply across the world. In the manufacturing industry, thermal and acoustic insulation is extensively required in stacks, boilers,...
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Mushrooming Popularity of Lightweight Vehicles Propelling Growth of APAC Automotive Adhesives and Sealants Market

Automotive adhesives and sealants refer to the substances that are used for several bonding and sealing applications in the automobile industry. These substances are chemically similar but functionally different. Such adhesives and sealants help in enhancing performance, driving...
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Increasing Product Demand from Construction Industry Driving Biocomposites Industry

Biocomposites refer to structural materials that are created from renewable resources. After their successful use, these materials biodegrade in an anaerobic environment to produce a feedstock or fuel that is sustainable and degradable. The disposal of these composites is quite...
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How Increasing Use of District Heating and Cooling is Driving Pre-Insulated Pipes Market?

It snowed in the U.A.E., which is in the middle of the desert, in 2017, with the temperatures plummeting to –2.2 °C, while the eternally frozen Antarctica just recently saw a record high of 18 °C! Anyone who isn’t convinced that climate change is real should read these stats....
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Need for Product Customization Driving Demand for 3D Printing Filaments

With the increasing requirement for the mass customization of various products, the global 3D printing filaments market is expected to witness a monumental 26.8% rise in its revenue during 2020 and 2030. At this CAGR, the market will grow from $693.1 million in 2019 to $7,082.0...
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Why Is Mining Sector in U.S. Deploying Engine-Driven Welders?

 The U.S. Department of Housing and Urban Development and U.S. Census Bureau stated that 1,324,000 residential housing plans were completed in the country in June 2021. In the same month, the Bureau and Department also permitted the construction of 1,598,000 buildings in...
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Boom Expected in Global Plasticizers Market in Future

The global plasticizers market generated a revenue of $13,967.9 million in 2018, and it is predicted to reach a value of $16,700.6 million by 2024. Furthermore, the market will progress at a CAGR of 3.5% between 2019 and 2024, as per the estimates of P&S Intelligence, a...
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Fatty Acid Esters Finding High-Volume Usage in Bio-Based Cosmetics

A number of factors, such as the rising consumption of fatty acid esters in the personal care & cosmetics industry, surging awareness of bio-based lubricants, low cost of these esters, and their several environmental benefits, are projected to drive the growth of the fatty...
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Tobacco Packaging Market 2020–2030 CAGR To Be 3.7%

The most-important factors helping in the growth of the tobacco packaging market are the rising demand for tobacco products and increasing popularity of premium tobacco products. As a result, the revenue generated from the sale of packaging materials used on tobacco products...
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How Is Personal Care Sector Fueling Green Chemicals Demand?

Green Chemicals are a suitable replacement for petroleum-based chemicals because of their low cost and toxicity. They are prepared by using animal or plant waste, which is available in abundance, unlike fossil fuels which have limited reserves. The rapid depletion of fossil...
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Booming Packaging Industry Fueling Global Demand for Polypropylene

The expansion of the packaging industry is fueling the demand for polypropylene across the world. This is because polypropylene is extensively used in the packaging industry. As per PlasticsEurope, the global plastics production in 2018 stood at 359 million tons. This was primarily...
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Acetic Anhydride Sales To Boom in Asia-Pacific in Near Future

In the recent years, the healthcare sector has surged sharply in the developing nations of Asia-Pacific (APAC) such as India, China, Indonesia, and Thailand, primarily because of the huge research and development (R&D) investments and the expanding operations of various...
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Huge Revenue Growth Expected in Global Polyester Hot Melt Adhesives Market During 2020–2030

With the boom in the packaging industry, the demand for polyester hot melt adhesives is growing rapidly across the world. This is because these adhesives are extensively used in packaging applications, because of their high stability and temperature resistance. Moreover, the...
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How Is Growing Personal Care Industry Driving Aerosol Market?

Factors such as the rapid industrialization in developing countries, rising use of aerosols in the personal care sector, and growing automotive refinish industry are projected to propel the growth of the aerosol market at a CAGR of 6.4% during the forecast period (2020–2030)....
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