Polyurethane Processing to Employ Large Quantity of Mold Release Agents in India

The expanding construction industry in India is generating huge demand for concrete bricks that employ high volumes of mold release agents. Growth in the construction sector is also supported by government initiatives, such as the ‘Housing for All’ and the ‘Smart City Mission’. Due to this factor, the Indian mold release agents market is set to increase its revenue from $114.6 million in 2018 to $153.9 million by 2024, demonstrating at a CAGR of 5.2% during the forecast period of 2019–2024.

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Mold release agents are largely applied in the processing of polyurethane due to the surging demand for polyurethane-based products from several industries, such as construction, automobile, and footwear. The manufacture of polyurethane-based products requires mold release agents because of their ability to facilitate smooth release and to prevent the adhesion of the products to their mold. Other areas of application of mold release agents include production of wood and fiber composites, uncured rubber, concrete, tire, plastic, ferrous and non-ferrous die casting, and rubber and other elastomers.

To cater to the demand for mold release agents, the Indian market has the presence of both international and domestic players. Chem-Trend L.P. is the leading company in India, as it caters to a wide range of industries, such as mining, aerospace, construction, and automotive and transportation. It manufactures several types of mold release agents that are used to release rubber, composites, tires, wood composites, polyurethane, thermoplastics, and die casts from various molds. Other producers in India include 3M India Ltd., Fosroc International Ltd., BuildCore Chemicals, Dow Inc., Wacker Chemie AG, TAG Chemicals GmbH, and Chem-Verse Consultants (India) Private Ltd.

Thus, the widening application of mold release agents in India will generate high-volume demand for mold release agents in coming years.

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How is Surging Population Driving Demand for Seed Treatment?

It is a known fact that the population across the globe is increasing at a rapid pace, owing to which, the need for resources, including food products, is rising as well. In addition to this, the world is swiftly shifting towards urbanization, which means that the arable lands all over are decreasing. While the agricultural sector will never be moot, it has become necessary to increase the productivity in the sector for catering to the need of the growing population. Furthermore, since a lesser amount of land is now available for farming, the need for using new technologies for ensuring higher efficiency in the available space is growing as well. 

Because of all these factors, the adoption of seed treatments, which are the physical, chemical, and biological agents and techniques used for seed to offer protection and to enhance the establishment of healthy crops, is growing across farmlands. Since protection of plants from diseases and pests is one of the key factors for making sure that production is optimized, farmers are now using advanced ways, such as seed treatment, to increase productivity. Owing to these factors, the global seed treatment market is predicted to grow at a considerable pace in the years to come. 

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Diseases of seed have a negative impact on germination and can result in reduction in the yield, thereby leading to huge losses to farmers. Due to this, farmers are widely making use of seed treatment for protecting their crops. The different application methods of seed treatment are pelleting, coating, and dressing, out of which, the use of dressing application method is projected to be considerably high in the years to come. This is due to the substantially low cost of this application method. Seeds are treated with wet-treated with slurry or liquid formulation or dressed with dry formulation under this process, in an earthen pot. 

After this, the seeds are spread on a polyethylene sheet to sprinkle chemicals. Considering the geographical scenario, the Asia-Pacific region is expected to emerge as a major seed treatment market in the near future, which is primarily attributed to various agriculture-based economies in the region. These countries include China, India, and other Southeast Asian countries, Moreover, the need for increasing productivity on agricultural fields in the region is high due to the surging population. 

Hence, the need for increasing productivity and efficiency on agricultural fields is resulting in the growth of the market.

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How Do Artificial Lift Systems Increase Oil Production?

 A large volume of oil is obtained from fields that are over 30 years old. As the oil fields mature, the reservoir pressure inside declines. Because of this, exploration & production (E&P) companies are installing artificial lifts in these fields to enhance the recovery of oil and gas and optimize their revenue. That is why mature oil and gas fields are deploying the largest number of artificial lift systems. Additionally, the increasing usage of these systems for producing oil and gas from unconventional sources will increase the size of the artificial lift market from $8,010.8 million in 2017 to $10,883.1 million by 2023, displaying a CAGR of 5.3% during 2018–2023.

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Artificial lift systems are deployed in onshore as well as offshore oil wells. These systems are majorly installed in onshore oil wells due to the presence of a large number of mature wells on land. These lift systems operate via gas-assisted and pump-assisted mechanisms. In the coming years, more oil fields will deploy pump-assisted artificial lift systems in comparison to gas-assisted systems because of the formers’ ability to increase the bottom-hole pressure of the tubing string. On account of this reason, pump-assisted systems can lift higher volumes of fluids to the surface.

To meet the growing demand for such systems, players in the artificial lift market are focusing on expanding their geographical presence and launching new products. For example, Weatherford International PLC introduced new software in February 2018 for the ForeSite platform. This platform maximizes the support for reciprocating rod-lift systems, by adding support for ESP and gas-lift systems. Some of the other industry players taking such initiatives are National Oilwell Varco Inc., Baker Hughes Co., Borets International Limited, Flotek Industries Inc., Halliburton Company, Dover Corporation, and Schlumberger N.V.

The increasing demand for fuels has boosted the E&P activities in mature oil and gas fields, which, in turn, has increased the adoption of artificial lift systems.

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Minimally Invasive Surgical Instruments Market Set for Prosperity in Future

The preference for minimally invasive surgeries (MIS) is increasing, owing to the fact that these surgeries are more accurate and are video assisted. These surgeries involve less scarring and smaller incisions, thereby retaining the original structure of organs without deforming their cellular layers. In addition to this, carbon dioxide is utilized in minimally invasive surgeries for enlarging the abdominal cavity, which aids in reducing blood loss during recovery. 

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As per a report by P&S Intelligence, in 2016, the global minimally invasive surgical instruments market reached a value of $28.7 billion and is predicted to advance at a 9.3% CAGR during the forecast period (2017–2023). The different products used for minimally invasive surgeries are guiding devices, electrosurgical instruments, handheld instruments, and inflation systems. The largest demand was created for handheld instruments in 2016, which are further predicted to be the most in demand during the forecast period as well, majorly due to the rising adoption of these instruments for different minimally invasive surgeries. Types of handheld devices are visualizing scopes, retractors, forceps & spatulas, sutures, cutter instruments, auxiliary instruments, dilators, and graspers.   

A key driving factor of the minimally invasive surgical instruments market is the increasing incidence of chronic diseases, such as arthritis, cardiovascular diseases, obesity, and cancer. As per the American Heart Association, 2016 estimates, about 17.3 million deaths occur every year because of cardiovascular diseases and the number is further projected to rise over 23.6 million by 2030. The treatment of cardiovascular diseases and other chronic diseases often need surgical intervention, which is resulting in rising requirement for MIS instruments. 

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Among all the regions, North America created the largest demand or minimally invasive instruments in 2016, and the region is further projected to use these instruments the most during the forecast period as well. This is ascribed to the presence of developed healthcare systems, increasing adoption of technologically advanced devices, and rising prevalence of diseases. The fastest growth in demand for MIS instruments is projected to be registered by the Asia-Pacific region in the coming years, owing to the increasing per capita income, rising healthcare expenditure, enhanced healthcare infrastructure, and surging demand for healthcare services due to large patient base.  

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Arctic Region Holds Potential for Well Cementing Market Growth

The growth of the well cementing market is driven by the increasing exploration and production (E&P) in unconventional and conventional oil and gas reserves to adhere to the surging demand for energy products, such as liquified petroleum gas (LPG), aviation turbine fuel, compressed natural gas (CNG), gasoline, fuel oil, piped natural gas, heating oil, and gas oil. Due to this factor, the market is expected to reach $10,065.4 million by 2024 from $7,577.6 million in 2018, showcasing a CAGR of 4.7% during the forecast period.

Due to the surge in E&P activities in conventional and non-conventional oil and gas reserves, the number of well completions has increased worldwide that has added to the size of the well cementing market. The rise in E&P activities is supported by the recovery of the oil & gas sector. Due to the increasing E&P investments, Russia, the U.S., Brazil, and China account for the high revenue in the market. Thus, the demand for well cementing services is rising from the oil & gas sector, worldwide.

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The well cementing market has a highly consolidated nature, owing to the presence of few key players. These players are mostly multinational corporations (MNCs) that operate at a large scale. The major players in the market include Halliburton Company, Baker Hughes, and Schlumberger Limited. Other companies offering well cementing services are Gulf Energy SAOC, Consolidated Oil Well Services LLC, China Oilfield Services Limited, Nine Energy Service Inc., Halliburton Company, Magnum Cementing Services Ltd., Schlumberger N.V., Calfrac Well Services Ltd., and Weatherford International plc.

Thus, increase in E&P activities and discovery of new oil and gas reserves are expected to drive the growth of the market during the forecast period.

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Solar Micro Inverters Market to Grow due to Rising Photovoltaic Installations

While harnessing the power of the sun is something that has been in practice since a long time, the utilization of solar energy today has become the need of the hour. This is due to the excessive consumption of conventional resources for generating energy and their adverse effects on the environment.  For example, in the U.S., solar energy is responsible for about 1.6% of the total energy generation. Furthermore, there are more than 1.47 million solar panels that are in use around 48 states in the country, as per satellite machine learning from Stanford researchers. 

Because of this high adoption of solar energy all across the globe, the demand for solar micro inverters is growing as well. Much like string inverters, solar micro inverters convert the direct current (DC) electricity produced by solar panels to alternating current (AC) energy that is utilized by electronics. However, unlike string inverters, which convert electricity from big groups of panels at once, micro inverters convert electricity from one or two panels at a time. Since these inverters are concentrated on one or two panels rather than 100, the output is enhanced, and these inverters are known to increase the efficiency by 5–25%. 

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Solar micro inverters are utilized in utilities, residential, and commercial sectors. These inverters were deployed the most in the residential sector, which is due to the increasing photovoltaic (PV) installations and surging energy demand in India, China, Japan, the U.S., and several other countries. In the coming years, the adoption of solar micro inverters is also expected to rise in the commercial sector, owing to the decreasing prices of these devices. Geographically, North America has been the major consumer of solar micro inverters, which is due to the high PV installations in both residential and commercial sectors and favorable government initiatives regarding solar PV systems.

Other than this, Asia-Pacific (APAC) is expected to emerge as the fastest-growing solar micro inverters market in the years to come. The major reasons for this are the high requirement for power supply, increasing PV installations in China, enhanced device features, improved efficiency, and considerable reduction in the prices of micro inverters. China is predicted to lead the regional domain, which is ascribed to the government support for the promotion of solar and wind energy. 

In conclusion, the demand for solar micro inverters is growing because of the increasing adoption of solar energy around the globe.

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Why Are Increasing Vehicle Sales Key Driver for Lubricants Market?

The most important growth drivers for the worldwide lubricants market are the increasing demand for such products from the automotive industry and rising awareness of people about the benefits of lubricating machines. P&S Intelligence says that due to these two reasons, the sale of lubricants will garner revenue of $115,350.6 million by 2030, increasing from $95,403.9 million in 2019 at a 2.3% CAGR during 2020–2030 (forecast period). The main job of lubricants is to prevent frequent wear and tear of machinery, by reducing the friction between the parts in contact.

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The industry is categorized into synthetic oil, mineral oil, and bio-based oil, under segmentation by base oil. Among these, the mineral oil category dominated the lubricants market during the historical period (2014–2019). This is ascribed to the high demand for mineral-oil-based lubricants from manufacturing facilities, as they are easily available and also cost less than other variants. In addition, more people know about these lubricants compared to bio-based and synthetic-oil-based alternatives.

The various divisions, when the lubricants market is segmented on the basis of end use, are heavy equipment, automotive and other transportation, metallurgy and metalworking, food and beverages, chemical, and others. Among these, the largest share in the industry was held by the automotive and other transportation division in 2019. This was because of the growing vehicle sales, on account of the increasing disposable income of people around the world. As per Organisation Internationale des Constructeurs d'Automobiles (OICA), automobile sales rose from 88.3 million units in 2014 to 91.3 million in 2019.

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Asia-Pacific is the largest lubricants market currently, due to the increasing number of manufacturing plants in China and India, which offer low labor and raw material costs, along with less-strict environmental regulations than Europe and North America. During the forecast period, the Middle East and Africa (MEA) will observe the fastest advance in the industry, as it has some of the largest oil reserves on earth, which makes for cost-effective lubricant production. Further, countries in the region are setting up production facilities to diversify their economy, thus driving the lubricant demand.

Therefore, as automotive sales and the industrialization rate increase, so will the consumption of lubricants around the globe.

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Why Is Government Support Necessary for Deployment of Smart Solar Solutions?

The focus on renewable energy resources has risen considerably over the years. With the condition of the environment worsening day by day due to the excessive utilization of fossil fuels for energy generation, governments of different countries are now paying attention to renewable energy resources.

Moreover, the population across the globe has been increasing at a rapid pace, and the declining rate of fossil fuels has made them insufficient to cater to the energy needs of people after a few years. Ascribed to these factors, governments, as well as the general public, are trying to increase the share of energy generated through eco-friendly sources.

The solar energy domain is also continuously witnessing technological advancements, which are making the solutions more viable for people. Smart solar solutions are a key technological advancement the rapid adoption of which is expected to increase swiftly, thus driving the global smart solar market in the coming years.

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Smart Solar Products

Generators, inverters, and PV cells are the major products via which smart solar solutions are deployed. Out of these, the demand for PV cells is predicted to be significantly high in the years to come, which can primarily be ascribed to technological advancements. Innovations in the PV cell technology have enabled manufacturers to decrease the cost of these products, thereby facilitating their increasing adoption. In addition to this, companies in the industry are making use of the triboelectric effect for the development of hybrid PV cells, which can generate electricity during rainy weather as well.

Smart Solar Solutions

The major smart solar solutions are:

·         Asset management

·         Remote metering

·         Supervisory control and data acquisition

·         Analytics

·         Meter data management

·         Network monitoring

Owing to the strict regulations and technological advancements in North America and Europe, the demand for asset management solutions is expected to be high in the coming years.

Conclusion

The rising focus on renewable energy sources and increasing investments by governments are leading to the high adoption of smart solar solutions all across the globe.

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Microfiltration Membrane Market in Asia-Pacific Expected to be Prosperous in Coming Years

The global microfiltration membrane market size reached a value of $2,885.57 million in 2019 and is predicted to generate a revenue of $7,517.38 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market would demonstrate a CAGR of 9.0% between 2020 and 2030. The rising adoption of microfiltration technologies for industrial wastewater treatment, rapidly expanding pharmaceutical industry, and growing technology integration in the food & beverage industry. 

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Sand filtration, dissolved air floatation, and sedimentation and coagulation were some of the most widely used traditional separation technologies in various filtration applications such as those involving food and beverages, pharmaceuticals, and industrial wastewater treatment. However, these methods were found to be inefficient in treating solutions having excessive dissolved organic compounds. As a result, advanced filtration techniques are rapidly gaining traction around the world. Microfiltration is one such advanced filtration method that is increasingly being used for treating contaminated liquids. 

Across the globe, the microfiltration membrane market is predicted to exhibit the fastest growth in Asia-Pacific (APAC) in the upcoming years. This would be a result of the rapid rise in the requirement for fresh water in various developing nations such as India, China, Vietnam, and Thailand. In addition to this, the support of the governments of the regional countries regarding the treatment of industrial wastewater is predicted to boost the market growth in the region in the forthcoming years. 

Hence, it can be said with certainty that the market will exhibit huge expansion all over the world in the upcoming years, primarily because of the mushrooming demand for wastewater treatment and the rising popularity of microfiltration technologies in various countries around the world. 

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Why will Antimicrobial Additives Market Exhibit Lucrative Growth in Asia-Pacific in Future?

In 2019, the global antimicrobial additives market attained a valuation of $2,010.2 million. According to the forecast of the market research company, P&S Intelligence, the market would exhibit a CAGR of 7.5% between 2020 and 2030 and reach a value of $3,786.8 million by 2030. Several technological and economic factors such as the boom of the healthcare industry and the incorporation of advanced technologies in healthcare product manufacturing are fueling the growth of the market.

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Besides the aforementioned factors, the rising bio-resistance in patients, because of the excessive usage of antibiotic medicines, is also propelling the expansion of the antimicrobial additives market. The extensive administration of antibiotics in people for treating and reducing the risk of bacterial and fungal infections has massively contributed to the emergence of highly-resistant and stronger pathogens. Furthermore, the usage of disinfection chemicals augments the problem as these chemicals do not provide long-lasting protection and cause irregular activity.

Furthermore, the growing popularity of novel drugs in various medical treatment procedures is driving the global sales of antimicrobial additives. Depending on type, the antimicrobial additives market is bifurcated into organic and inorganic. Between the two, the inorganic bifurcation registered higher growth in the market in the years gone by. This was because of the greater non-toxic and other favorable chemical characteristics of copper-, silver-, and zinc-based antimicrobial formulations in comparison to their organic counterparts.

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Thus, it is clear that due to the rising incidence of chronic diseases, the increasing resistance of pathogens to conventionally used drugs, and the rapid technological advancements in the pharmaceuticals industry, the market would grow explosively all over the world in the coming years.

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Why Is Geothermal Energy Being Preferred To Produce Electricity?

To harness the potential of geothermal energy for generating electricity, the International Renewable Energy Agency (IRENA) is working in coordination with the Global Geothermal Alliance (GGA). GGA is a global platform that was created at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015. GGA aspires to increase the installed capacity of geothermal power generation by five times and double the geothermal heating capacity by 2030. It also serves as a platform for co-operation, dialogue, and coordinated action between policymakers and geothermal industry stakeholders globally.

Due to this strong support from international organizations and increasing focus of governments on energy security and energy independence, the installed capacity of geothermal plants has increased globally, from 9,9992 Megawatts (MW) in 2010 to 13,909 MW in 2019, as per IRENA. Because of this growth, the geothermal power market will advance at a CAGR of 11.6% during 2016–2022, which will take the market revenue from $3,233.5 million in 2015 to $6,518.9 million by 2022.

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Globally, the Asia-Pacific (APAC) geothermal power market installed the largest capacity of geothermal power plants in 2015 to meet the growing demand for energy in the region. Three of the world’s largest geothermal power producers — the Philippines, Indonesia, and New Zealand — are in APAC. Additionally, P&S Intelligence projects that the region will lead the industry in the foreseeable future due to the increasing focus of the government on exploring the potential of geothermal energy, reducing the dependence on fossil fuels, and meeting the increasing demand for energy, by optimizing non-conventional sources.

Thus, the growing focus on renewable sources of energy and increasing support from governments and international organizations will lead to the widespread adoption of geothermal energy worldwide.

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Rising Incidence of Piracy Fueling Expansion of Global Coding and Marking Systems Market

The global coding and marking systems market generated a revenue of $3,832.4 million in 2019 and is predicted to attain a valuation of $7,469.6 million by 2030. Furthermore, the market would advance at a CAGR of 6.4% between 2020 and 2030. The surging requirement for coding and marking systems in the automotive industry and the soaring applications of these systems in the food & beverage industry are the main growth drivers of the market.

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The mushrooming requirement for coding and marking systems in the pharmaceutical, cosmetic, and food & beverage industries is one of the major factors fueling the expansion of the coding and marking systems market across the world. The growing sales of bottled water, packaged food items, dairy products, and fruit juices are propelling the advancement of the packaged food & beverage industry. Similarly, the rising popularity of pharmaceutical packaging is also driving the demand for coding and marking systems.

Globally, the coding and marking systems market would exhibit the highest CAGR in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This would be a result of the implementation of stringent government regulations and policies, the soaring export of various packaged food products, and the growing incidence of piracy and counterfeiting in several industries in the regional countries.

Hence, it can be safely concluded that the market will record substantial growth all over the world in the upcoming years, mainly because of the rising requirement for marking and coding systems in the packaging, pharmaceutical, and automotive industries and the growing incidence of counterfeiting around the world.

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What Will Drive Qatar Facility Management Market Growth in Future?

The Qatar National Vision 2030 and the upcoming FIFA World Cup 2022 in the country are the key factors predicted to increase the revenue of the Qatar facility management market from $4,613.0 million in 2019 to $21,975.1 million by 2030, at a CAGR of 16.4% during the forecast period (2020–2030). Moreover, this growing market is currently witnessing the rising awareness regarding the protection of assets and increasing infrastructural development in the country.

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One of the prime factors behind the growth of the market is the upcoming FIFA World Cup 2022, which is to be held in the country. The overall expenditure on infrastructure projects to host the World Cup is estimated at around $220 billion. For instance, the country has planned to build a 40,000-seat modular arena having concession stands, comfortable seats, shops, bathrooms, and other necessary facilities. Many such developments are expected to take place in the coming years; thus, the upcoming event will drive the need for facility management services.

Players operating in the Qatar facility management market include AKTOR Qatar W.L.L., COMO Facilities Management Services, Darwish Interserve Facilities Management W.L.L., Cayan Facility Management, OCS Qatar L.L.C., Confident Enterprises W.L.L., Al Tamyoz Business Group, and CBM Qatar L.L.C. To edge out the competition, these companies are focusing strongly on winning contracts. For instance, AKTOR Qatar W.L.L. and COMO Facility Management Services secured a 20-year facility service contract from Doha Metro in November 2019. They would offer maintenance services at the 100-km Doha Metro network, which includes a tram network, three depots, and 37 underground stations.

Thus, the upcoming FIFA World Cup 2022 in Qatar and the Qatar National Vision 2030 will propel the market growth during the forecast period.

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Why Is Charcoal More Popular than Other Fuels in Philippines?

Being a developing country, the Philippines relies on easily available products for everyday use. One of the most essential products that have been deeply integrated into the country’s life and culture is charcoal. People in the country find it cost-effect to procure charcoal over other energy resources, such as oil and gas, which is why it finds heavy usage in low-income as well as middle-income households. The reason behind the cost-effectiveness of the fuel is the ready availability of the raw materials used to produce it, especially coconut shells and wood.

P&S Intelligence says that due to this factor, the Philippines charcoal market will grow from $500.0 million in 2019 to $688.2 million by 2030, at a 2.9% CAGR during the forecast period (2020–2030). The fuel is made by burning organic matter, such as wood and coconut shell, in the absence of oxygen. Compared to burning wood and coal to produce energy, the combustion of charcoal releases no ash and extremely low amounts of smoke and carbon emissions, which is why this fuel is considered an environment-friendly alternative.

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The Philippines charcoal market is highly fragmented in nature, as there are a large number of small-scale producers in the country. Often, people produce the charcoal and then consume it themselves, and this is the way most of the fuel in the country is produced. Even the marketing and sales of the products are majorly conducted via unregulated channels. The country is home to only a handful of large-large scale industry players, which include Cenapro Inc., BF Industries Inc., Celebes Agricultural Corporation, Jacobi Group, MacKay Green Energy Inc., GCF Multi Products Development Corporation, and Premium A.C. Corporation.

Therefore, with the increasing application areas of the fuel, its production and consumption are set to increase in the country.

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Industrial Gases Market To Grow at CAGR of 5.5% during 2020–2030

The industrial gases market valued $92,392.4 million in 2019, and it is set to grow at a CAGR of 5.5% during the forecast period of 2020–2030, to reach $154,079.5 million by 2030. The increase in the revenue can be attributed to the diversified application of gases in industries, numerous government initiatives to shift toward alternative energy sources, and development of the healthcare infrastructure. Additionally, the prosperity of the food processing industry will contribute to the market growth in the future.

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In the food and beverage industry, gases find application in the production of decaffeinated coffee and carbonating beer and soft drinks. Apart from the food processing sector, gases are widely used in sectors such as electronics, healthcare, chemicals, heavy metal, and petroleum. For instance, the heavy metal industry employs acetylene for the oxy-acetylene flame to cut and weld metals. In addition, hydrogen is used in large volumes to manufacture chemicals and refine petroleum. The expansion in all these sectors is, therefore, expected to drive the industrial gases market growth.

Geographically, the Asia-Pacific (APAC) industrial gases market generated the highest revenue in 2019, and it will continue to do so during the forecast period. The rising number of production units in South Korea, India, Japan, and China due to cheap labor, flexible environment laws, and increasing demand for end products is driving the market growth. For instance, the manufacturing sector of China and Japan stood at $4.0 trillion and $1.0 trillion, respectively, during 2018–2019, which reflects the consumption of numerous gases in huge volumes.

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In addition to the largest share, the APAC industrial gases market will grow the fastest during the forecast period. It can be attributed to the surge in the population and increase in the purchasing power of the people in the region. The shift of manufacturing units from Western countries to the APAC region due to the increasing demand for end-use products in the latter will also add to the fast-paced growth of the market, as will the surging expenditure on healthcare in the emerging nations of the region.

Therefore, the growing number of production units, to cater to the demand for the end-use products, will lead to the rising consumption of gases in factories.

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Major Revenue Growth Expected in U.S. Shower Glass Door Market Between 2020 and 2030

In 2019, the U.S. shower glass door market reached a value of $3,188.3 million and is predicted to generate revenue of $6,781.9 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market would progress at a CAGR of 7.5% during 2020—2030. The major factors propelling the growth of the market are the rapid urbanization in the metropolises and the boom of the real estate and tourism and hospitality industries in the country.

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The increasing urbanization in the country is a major factor fueling the growth of the U.S. shower glass door market. As per many reports, the urban population is registering a faster growth rate than the rural one. As per the 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA), by 2050, nearly 68% of the global population is predicted to reside in urban areas.

Across the globe, North America is the most heavily urbanized region, with as much as 82% of the population there living in cities and towns. Moreover, the region will witness large-scale urbanization in the future years as well. This will lead to huge investments in various infrastructural development projects such as those including residential, industrial, and commercial facilities. This will subsequently boost the advancement of the U.S. shower glass door market in the coming years.

Hence, it is safe to say that the market would demonstrate huge expansion in the forthcoming years, primarily because of the surging urban population, rapid urbanization, and the increasing construction and infrastructural development activities in the country. 

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Demand for Incorporation of AI in Agriculture Set to Boom in Asia-Pacific in Future

Globally, the AI in agriculture market will demonstrate the highest growth rate in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. The rate of usage of smart agriculture methods such as agricultural robots, precision farming, and drone analytics is predicted to increase sharply, especially in the developing nations such as Thailand, Indonesia, and China in the future years.

Depending on type, the AI in agriculture market is divided into service and product. Between these, the product category recorded higher growth in the market in the past years. Moreover, in the near future, the mushrooming utilization of AI-based software would propel the market advancement across the globe. This category is further classified into software and hardware, between which, the hardware division registered higher growth in the market in the past. 

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The rising requirement for higher crop yield and agricultural produce, on account of the increasing disposable income of people in several countries such as India, China, Brazil, and the U.S., changing consumer preferences, surging population, and rapid urbanization, is pushing up the demand for the incorporation of artificial intelligence (AI) in agriculture.

Moreover, due to the growing demand for food products, major agricultural nations are increasingly leveraging AI solutions and systems for increasing the agricultural productivity. This market research report provides a comprehensive overview of the AI in agriculture market

• Historical and the present size of the AI in agriculture market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Women Workforce To Boost U.S. Beauty and Personal Care Products Market

The increasing sales through e-commerce platforms, growing geriatric population, and rising number of working women will drive the U.S. beauty and personal care products market growth at a CAGR of 4.8% during the forecast period of 2020–2030. At this rate, the revenue will increase from $81.1 billion in 2019 to $128.7 billion in 2030. Additionally, the growing incidence of skin diseases, rising expenditure on personal care, and shifting focus toward chemical-free and organic products will aid the expansion of the market.

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The increase in the number of working women in the U.S. is also a significant factor that will drive the U.S. beauty and personal care products market growth during the forecast period. The U.S. Bureau of Labor Statistics published an article that states that the number of women in the U.S. workforce is expected to reach 92 million in 2050 from 66 million in 2000. Moreover, the records state that as of 2019, 46% of the women in the U.S. were part of its workforce, which was greater than the global average that stood at 39%.

The presence of several market players offering a varied range of premium, standard, and mass products makes the U.S. beauty and personal care products market highly fragmented. To consolidate their market position, the major players are acquiring firms that offer better products and can help them in expanding their reach. For instance, Shiseido Americas Corporation, a unit of Shiseido Company Limited, completed the acquisition of a rapidly growing skincare brand— DRUNK ELEPHANT — in October 2019to strengthen its presence in the U.S. skincare industry.

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Therefore, the availability of a wide range of products and increasing income of women in the U.S. will boost the growth of the country's beauty and personal care industry in the future.

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U.S. Advanced Driver-Assistance Systems Market is Expecting Major Tech Revolution in Near Future

The need for increasing safety and security of vehicles, for the sake of both drivers and pedestrians, is increasing day by day all over the globe, including the U.S. As per the Association of Safe International Road Travel, over 38,000 people die in crashes every day on roadways in the U.S. In addition to this, about 4.4 million people are injured enough to need medical intervention. The country suffers from 50% more road crash deaths among all high-income countries, which further increases the cost of dealing with these situations. Because of these factors, the auto manufacturers are increasingly involved in coming up with advanced solutions that can increase the safety of vehicles.

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One such solution is the integration of advanced driver assistance systems (ADAS) in cars. ADAS is utilized for describing the different safety features that are being integrated in vehicles to enhance driving experience by decreasing the severity and number of vehicle crashes. The system can warn the driver and further intervene for helping the driver to remain in control of the vehicle in case the possibility of an accident arises. In addition to this, if the accident cannot be avoided, ADAS can ensure that its severity is decreased.

Attributed to such advantages, the U.S. ADAS market is expected to grow at a substantial rate in the near future. ADAS can be integrated in medium & heavy commercial vehicles, passenger cars, and light commercial vehicles. The system consists of a number of sensors, including laser sensor, ultrasonic senor, radar sensor, light detection and ranging sensor, and infrared sensor. Out of all these, the demand for radar sensors is predicted to be the highest in the coming years, which can be ascribed to the increasing applications in autonomous and connected vehicles and reducing cost of these sensors.

Hence, the demand for safety of roads is leading to the growing adoption of ADAS in the U.S.

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Why is Electric Toothbrush Market Growing Explosively in Asia-Pacific?

The global electric toothbrush market generated a revenue of $2.7 billion in 2019 and is predicted to progress at a CAGR of 5.7% between 2020 and 2030. According to the estimates of the market research company, P&S Intelligence, the market would attain a valuation of $4.8 billion by 2030. The key factors driving the progress of the market are the growing public awareness about the various benefits of electric toothbrushes and unhealthy dietary habits of people around the world.

Some of the most highly prevalent unhealthy eating habits are the consumption of sugar-rich foods, tobacco, and alcohol. These consumption habits have detrimental effects on the oral hygiene of a person. Moreover, these habits are pushing up the requirement for smart toothbrushes, which is, in turn, fueling the sales of electric toothbrushes. For example, as per the IDF Diabetes Atlas 2019, the worldwide incidence of diabetes in people in the age group- 20–79 years was nearly 463 million.

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When head movement is taken into consideration, the electric toothbrush market is divided into rotation/oscillation and sonic/side-by-side. Between these, the sonic/side-by-side category recorded higher growth in the market in the past years, both in terms of value and volume. These toothbrushes usually vibrate at a 24,000–40,000 strokes per minute frequency. This kind of powerful vibration makes these toothbrushes more effective than the rotating/oscillating ones. Globally, the market would register the highest CAGR in Asia-Pacific (APAC) in the forthcoming years.

Market Segmentation by Bristle

·         Soft

·         Nanometer

Market Segmentation by Head Movement

·         Sonic/Side-by-Side

·         Rotation/Oscillation

Market Segmentation by Product Type

·         Rechargeable

·         Battery

Market Segmentation by Distribution Channel

·         Supermarkets/Hypermarkets

·         Pharmacy/Drug Stores

·         Online Platforms

·         Others

Market Segmentation by End User

·         Adults

·         Children

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Flourishing Cold Chain Industry Driving Demand for Industrial Refrigeration Systems

The rapid expansion in the global cold chain industry is fueling the demand for industrial refrigeration systems across the world. The mushrooming sales of medicines is the biggest factor responsible for the growth of the worldwide cold chain industry. According to reports, the sales of biotech drugs and biologic products surpassed $340 billion valuation in 2019 and are predicted to rise even more in the coming years.

This is pushing up the requirement for special logistics solutions. These solutions are required to maintain the quality of temperature sensitive products such as those that need to be stored in the temperature range of 2–8 °C, during their shipping from manufacturing zones to pharmacies, clinics, patients, and hospitals across the world.

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The ballooning consumption of these temperature-sensitive products in both developing and developed countries is driving the demand for cold chain in the pharmaceuticals industry. This is subsequently augmenting the requirement for industrial refrigeration systems. Because of the aforementioned reasons, the demand for industrial refrigeration systems is rising rapidly across the globe.

This is, in turn, propelling the advancement of the global industrial refrigeration systems market. As a result, the market revenue is predicted to grow from $26.8 billion to $41.1 billion from 2019 to 2030. Furthermore, as per the estimates of P&S Intelligence, a market research company based in India, the market would advance at a CAGR of 5.0% between 2020 and 2030.

This market research report provides a comprehensive overview of the industrial refrigeration systems market

• Historical and the present size of the industrial refrigeration systems market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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How is Rising Incidence of Road Accidents Driving Progress of Indian Car Airbag Market?

The rising prevalence of road accidents and the increasing awareness amongst the people about passenger and vehicle safety are some of the key factors fuelling the rising demand for airbags in cars in India. The vehicular population in the country has tripled over the last decade and this is one of the major factors responsible for the heavy road traffic congestion in the country. Moreover, the negligible growth in the road density in many cities and towns has contributed significantly toward the increasing incidence of road accidents in the country.

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The other major factor responsible for the rising incorporation of airbags in cars in India is the presence of stringent government policies pertaining to the adoption of airbags in cars in the country. Owing to the increasing number of road accidents, the government and various other regulatory bodies are increasingly enacting strict measures and regulations for mandating the adoption of airbags, even in the low and medium-range cars in the country. Due to these factors, the Indian car airbag market is predicted to register huge growth during the forecast period (2020—2030).

There are two main car airbag distribution channels in the country— the original equipment manufacturers (OEMs) and the automobile aftermarket. Of these, the OEMs recorded higher sales of airbags during the historical period and this tend is also expected to continue during the forecast period. This is primarily attributed to the presence of strict government regulations mandating the incorporation of airbags in certain vehicles in the country. However, as per many surveys and studies, the aftermarket distribution channel is expected to record faster rise in popularity and thus, faster growth in the Indian car airbag market during the forecast period.

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Hence, it can be said with certainty that the adoption of airbags will shoot-up in the cars in India in the upcoming years, on account of the rising incidence of road accidents and increasing enactment of policies and regulations aimed at promoting the adoption of airbags in cars in the country by the government and other regulatory bodies.

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Immediate Short-Term Impact of COVID-19 Pandemic on Electric Vehicle Industry

 Due to the rising pollution and increasing public awareness about the toxic emissions released from fossil fuel-powered vehicles, the global electric vehicle market has observed a sharp surge in recent years. Moreover, the enhanced safety and comfort provided by the electric vehicles and the implementation of several favorable government initiatives in many countries have caused the rapid advancement of the market during the last few years, especially from 2014 to 2019.

Due to this expansion, the global electric car fleet in 2019 recorded a growth of over 40% from 2018 and later surpassed 7.2 million units at the end of the year. According to reports, 2.1 million units of electric vehicles were sold all over the world in 2019. Many industry experts predicted that 2020 would be an even better year for the market. However, the COVID-19 pandemic had other plans.

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According to the forecast of the market research firm, P&S Intelligence, the market would register a fall of as much as 43% from the previously expected pre-COVID forecast for 2020. Furthermore, the sales of electric vehicles would fall to only 1.8 million units in 2020, which is a considerable reduction from the global sales observed in 2019. China, which is the biggest electric vehicle market in the world, recorded a huge fall in electric vehicle sales because of COVID.

Hence, it is safe to say from the above paragraphs that the COVID-19 pandemic has significantly affected the progress of the market and as a result, the market would now fall sharply all over the world in the coming months. However, the market would rebound strongly once the COVID situation improves and start exhibiting rapid expansion throughout the world.

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How are Technological Advancements Driving Cooperative Vehicle Infrastructure System Market?

The development of technologies such as internet of things (IoT) and artificial intelligence (AI) have had a positive impact on the automotive industry, just like many other industries. These technologies are increasingly being utilized in vehicles to make them safer and more efficient in order to provide consumers with enhanced driving experience. In addition to this, the focus on development of autonomous cars has increased significantly as well. Because of strong economic growth and increasing disposable income of people, the demand for autonomous vehicles is predicted to increase considerably in the near future.

Ascribed to these factors, the global cooperative vehicle infrastructure system market is expected to grow at a substantial pace in the years to come. CVIS is provides by original equipment manufacturers (OEM) and third-party service providers. This is divided on the basis of solutions and connection hardware that are provided. The data collected via IoT is analyzed and is utilized for taking intelligent decisions regarding policy making and business. In terms of communication, the CVIS is divided into vehicle-to-everything (V2X) and vehicle-to-infrastructure (V2I), between which, the demand for V2I was higher in the past.

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Hence, the demand for CVIS is growing due to technological advancements, development of IoT and AI, rising penetration of autonomous and connected cars, and increasing focus on enhancing the safety of drivers and pedestrians.

This study covers                                           

·         Historical and the present size of the cooperative vehicle infrastructure system market

·         Future potential of the market through its forecast for the period 2020-2030

·         Major factors driving the market and their impact during the short, medium, and long terms

·         Market restraints and their impact during the short, medium, and long terms

·         Recent trends and evolving opportunities for the market participants

·         Historical and the present size of the market segments and understand their comparative future potential

·         Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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