Global Industry News

Polypropylene Consumption To Increase in Food and Beverage Packing Sector

Polypropylene is being increasingly used in food and beverage packaging, due to the rising consumer awareness regarding health and wellness. This form of plastic is primarily used in the production of safe packaging materials and microwave containers. Additionally, this plastic...
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Why Is Height of Wind Towers Important in Power Plants?

The International Renewable Energy Agency (IRENA) states that the global capacity of onshore and offshore wind power plants stood at 500 GW in 2018. Additionally, as per the IRENA, the installed capacity of offshore wind power plants stood at 34,367 MW and that of onshore plants...
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What are Key Factors Responsible for Growth of Global Mechanical Energy Storage Market?

The increasing concern over the damage caused to the environment because of the large-scale usage of fossil fuels for power generation is one of the biggest factors contributing toward the development of mechanical energy storage systems all around the world. For instance, according...
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Why Is Aerospace Sector Increasingly Using Ceramic Matrix Composites?

From $1,891.3 million in 2015, the ceramic matrix composites market size is projected to witness a 13.7% CAGR during forecast period, to reach $6,006.1 million by 2024. The key factors driving product sales include the rising usage of lightweight composites in aircraft manufacturing...
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Why Is North America Largest Consumer of 3D Printing Materials?

It is the continuous evolution in the science of using one object or material to create another that has helped the human species survive for so long. In other words, a solid manufacturing base is the key to modern comforts and a strong economy. Thus, with human needs changing...
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How Is Personal Care Industry Driving Sodium Sulphate Demand?

Sodium sulphate is widely used in the personal care industry, especially in the production of powdered detergents, which are being extensively used in the Asia-Pacific (APAC), Latin American (LATAM), and African regions. The surging demand for powdered detergents in Chile, China,...
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Why is Acrylates Market Booming in China?

The global acrylates market revenue stood at $10,949.9 million in 2018, and it is predicted to surge above $12,593.8 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 4.9% from 2019 to 2024...
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Growing Manufacturing Sector Driving India Metal Bonding Adhesives Market

A number of factors such as the booming requirement for metal bonding adhesives for industrial applications, escalating need in the automotive industry, and surging growth in the manufacturing sector are expected to drive the Indian metal bonding adhesives market at a CAGR of...
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How Is Food and Beverage Sector Driving Packaging Adhesives Market Growth?

A number of factors, such as the rising preference for sustainable adhesives, increasing penetration of e-commerce platforms, and flourishing food and beverage industry, are expected to drive the packaging adhesives market at a CAGR of 4.6% during the forecast period (2020–2030)....
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How Is Flexible Packaging Facilitating Coding and Marking System Use in India?

The Food Safety and Standards (Organic Foods) Regulations, 2017, mandate the labelling of organic food products with "Jaivik Bharat" to distinguish them from non-organic ones. As per the Food Safety and Standards Authority of India (FSSAI), organic foods are produced through...
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Launch of Housing Projects Driving Construction Equipment Market Growth

The World Bank states that the global urban population increased from 4.274 billion in 2019 to 4.352 billion in 2020. It also forecasts that by 2050, around 7 out of 10 people across the world will reside in cities. The increasing influx of people from rural areas to urban areas,...
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Why Do Water Treatment Plants Require Charcoal?

In contemporary times, barbecued food is gaining traction due to the changing taste palate and food preferences and surging popularity of new cooking styles. Moreover, the increasing installation of live barbecue stations at households and restaurants is fueling the consumption...
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Why is Use of Ultra-Thin Solar Cells Soaring in Asia-Pacific?

With the escalating pollution levels and depletion of fossil fuels, the demand for solar energy and other types of clean energy is rising sharply. Moreover, the falling manufacturing costs of ultra-thin solar cells are further boosting their sales across the globe. The price...
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Rapid Development of Data Centers Driving Diesel Generators Market Expansion

From $13,773.0 million in 2019, the global diesel generators market is expected to reach a value of $21,929.9 million by 2030. According to the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 6% from 2020 to 2030 (forecast...
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How Is Refinery Industry Driving Global Hydrogen Demand?

According to the Food and Agriculture Organization (FAO), “the area of arable land per person declined from 0.221 hectares in 2000 to 0.184 hectares in 2018”. As per the World Bank, “as of 2018, only 10.825% of the global land was classified as arable”. The declining area of...
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Travel and Tourism Sector in GCC Fueling Facility Management Services Demand

The construction industry in Gulf Cooperation Council (GCC) countries is observing significant growth due to the surging tourism activities and improving economic conditions. In recent years, GCC member nations have been allocating huge budgets to the construction sector, owing...
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