Boom Expected in Diesel Genset Sales in Nigeria in Coming Years

Due to the surge in upstream exploration and production (E&P) activities and the expansion of the refining industry, because of the huge investments made by both foreign and domestic organizations, the sales of diesel gensets (or generator sets) are rising rapidly in Nigeria. Additionally, various proposed construction projects such as the building of airport terminals, bridges, and the Lagos–Calabar coastal railway lines are predicted to propel the sales of diesel gensets in Nigeria in the coming years.

Moreover, the already existing power infrastructure in the country is very poor, with the country recording huge power transmission losses and high base power deficit. In addition to this, the presence of grid uncertainty is propelling the requirement for gensets in the country. This is because of the surging auxiliary and prime power requirements in the industrial, residential, and commercial establishments in the country. Furthermore, the increasing population is predicted to propel the power requirements in the country.

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Due to the above-mentioned factors, the sales of diesel gensets are climbing in Nigeria. This is fueling the expansion of the Nigeria diesel genset market. The value of the market is predicted to grow from $410.9 million in 2018 to $527.4 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 4.1% between 2019 and 2024. Residential, industrial, and commercial sectors are the biggest application areas of diesel gensets in the country.

Hence, it can be said with surety that the demand for diesel gensets will soar in Nigeria in the future years, primarily because of the existence of a poor power infrastructure and grid uncertainties and the growing adoption of renewable energy sources in the country.

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U.A.E. Facility Management Market Predicted to Witness Revenue Explosion Between 2019 and 2030

Due to the surge in the tourism industry, because of the soaring foreign direct investments and the increasing number of travelers, the demand for facility management services is rising sharply in the U.A.E. Moreover, the country will host several international events such as the Dubai Expo 2021 in the coming years, which will massively augment the requirement for facility management services. This will be because of the rapid construction of various resorts and establishments in the country.

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Additionally, the rising requirement for disinfection services, due to the COVID-19 pandemic, is propelling the demand for facility management services in the country. Besides these, the mushrooming demand for safety services, environmental management services, and security services is also predicted to fuel the requirement for facility management services in the country in the forthcoming years. Furthermore, the rapid construction of several commercial and residential establishments, because of the implementation of favorable government regulations, is boosting the demand for these services.

Due to the above-mentioned factors, the U.A.E. facility management market is exhibiting huge expansion and is predicted to boom in the coming years. The value of the market is predicted to rise from $14,949.9 million in 2019 to $34,959.4 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. Security, support, property, cleaning, catering, and environmental management are main types of facility management services required in the U.A.E.

Out of these, the demand for the property services was found to be the highest in the country during the last few years and this trend is predicted to continue in the coming years as well. This will be because of the rising customer demand for integrated services for the management of properties. Because of this reason, the property category will exhibit rapid expansion in the market in the forthcoming years.

Thus, it is clear that due to the rapid construction of various commercial and residential facilities and the expansion in the tourism sector, the demand for facility management services will shoot-up in the U.A.E. in the coming years. 

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How Do Solar Control Films Keep Indoor Spaces Cool?

“Global CO2 emissions from fuel combustion reached a historical high of 33.5 GtCO2 in 2018.”, the International Energy Agency (IEA) says. Power plants fueled by crude oil, natural gas, and coal are the major culprits behind the increasing carbon emissions, which is why energy conservation in whichever way possible is being strongly emphasized upon by governments and international organizations. To achieve this, several pacts, such as the Kyoto Protocol, Montreal Protocol, and Paris Agreement, have been signed, which contain a detailed framework of the steps to be followed.

One of the major steps being taken in this regard is the construction of green buildings, with the government support being the strongest for net-zero energy buildings (NZEB). P&S Intelligence considers this to be a crucial factor for the growth of the solar control films market in the years to come. This is because the main purpose of green buildings is to use as little energy as possible, which is achieved not only by installing energy-efficient appliances but also by reducing the requirement for electricity at the source.

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In addition, solar control films also offer increased privacy, safety, and security. For instance, if a glass window breaks, the shards become a health hazard. However, solar control films attached to the window hold the glass together with adhesives, thereby controlling the shard formation. This property can also potentially stop burglaries, as they prevent robbers from breaking the window in one go, thereby giving those inside enough time to sound an alarm and send for aid. Moreover, by reducing the visibility through the glass, they offer people inside privacy from prying eyes.

Therefore, with the increasing construction and automotive production activities, the demand for solar control films will rapidly rise.

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Fluoropolymer Material Sales Predicted to Explode in Coming Years

With the mushrooming usage of fluoropolymer materials in the aerospace, electrical and electronics, and automotive applications, their sales are predicted to skyrocket in the coming years. Fluoropolymers are extensively used in the electrical and electronics industry, especially in the coating of automotive cables, electronic cables, and data communication cables. On the other hand, in the automotive industry, thermoplastic and elastomer forms of fluoropolymers are heavily used, on account of their ability to provide resistance to lubricants, fuels, and high temperatures.

Fuel and vapor management hoses, fuel tank filler necks, wire insulations, seals, O-rings, and diaphragms are the automotive components in which fluoropolymers are extensively used. The expansion of the electronics industry, the soaring sales of automobiles, and the rapid infrastructure development in the developing nations of Asia-Pacific are also contributing toward the ballooning global demand for fluoropolymer materials. Furthermore, the increasing purchasing power of people residing in this region is boosting the sales of fluoropolymer materials. 

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This is causing the boom of the global fluoropolymer materials market. Fluoropolymer materials are basically fluorocarbon-based polymers that consist of solid carbon-fluorine bonds. Fluoropolymers have a semi-crystalline structure and thermoplastic characteristics, which means that these materials become viscous or liquid at a specific temperature. After reaching that temperature, these materials can be shaped and molded as required. In addition to this, fluoropolymer materials are also highly resistant to acids, solvents, and bases.

Hence, it can be said without any hesitation that the demand for fluoropolymer materials will rise enormously all over the world in the future years, mainly because of their growing usage in the electrical and electronics and automotive industries.

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Increasing Incidence of Skin Diseases Fueling Sales of Beauty Devices in U.S.

Due to the rising prevalence of hair loss and various skin diseases such as atopic dermatitis, psoriasis, and acne, the demand for beauty devices is rising sharply in the U.S. Acne is the most highly prevalent dermatological disease in the country. It is caused due to the clogging of hair follicles by dirt, dead skin cells, and sebum. As per the American Academy of Dermatology (AAD), around 85% of Americans are diagnosed with acne at some point in their lives.

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Besides the aforementioned factor, the surging population of geriatric people and the increasing public awareness about skin diseases and personal care are also pushing up the sales of beauty devices in the U.S. People are nowadays more than willing to spend heavily on personal care devices and products such as beauty devices. Additionally, the soaring healthcare expenditure and the rising appearance consciousness among the people living in the country are also contributing toward the mushrooming sales of beauty devices.

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Because of beauty devices, it is possible to easily perform the body treatment procedures and facial therapies offered at spas and salons at homes. Moreover, the sales of at-home devices are rising sharply, because of their high portability and availability in various ergonomic designs. One of the biggest trends currently witnessed in the U.S. beauty devices market is the advent of innovative and technologically advanced beauty devices in the country.

Hence, it is quite clear that the demand for beauty devices will soar in the U.S. in the future years, mainly because of the rising incidence of various skin problems and the growing public awareness about skin treatment procedures and beauty devices in the country.

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How Do Ballistic Protection Materials Shield Soldiers against Potential Injury?

Ballistic protection materials protect the body by absorbing the kinetic energy of the shrapnel and bullets. These materials are used to protect vehicles, soldiers, and law enforcement forces from glass, bullets, mines, mortars, explosive materials, and other hazardous materials. Military and law enforcement personnel use garments containing ballistic protection materials on the torso and other body parts to shield themselves against projectiles of different impact velocities, sizes, and shapes. Many of the protection materials in ancient times were quite heavy, as they were made of metals. However, with advancements in the technical textile industry, armors have become lightweight.

In recent years, the adoption of ballistic protection materials has increased substantially due to the growing social tension, surging terrorist activities, and improving regional economies. With an exponential rise in terrorism and anti-social activities, the concern for soldiers’ security has grown significantly. This has led to the development of new equipment by defense suppliers to increase the survival rate of soldiers. On account of these reasons, the ballistic protection materials market is expected to advance at a CAGR of 5.2% during 2016–2022. According to P&S Intelligence, the market stood at $8.8 billion in 2015.

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Furthermore, in the coming years, the Asia-Pacific region will adopt ballistic protection materials at the fastest pace. This would be due to the rapid modernization of the defense sector in India, Malaysia, China, and the Philippines. Moreover, Africa is also expected to adopt a significant volume of these materials to produce protective gear and armored vehicles, to prepare for a long era of insurgency and militancy problems. African nations will largely deploy armored vehicles to combat the violence within and across their borders.

With such an exponential rise in the incidence of violence and unrest across the world, the requirement for ballistic protection materials will escalate rapidly. 

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How Does Titanium Dioxide Improve Quality of Paints and Coatings?

The paints and coatings industry uses a large volume of titanium oxide as a major component in paint and coating pigments. This is because pigments containing titanium dioxide add a reflective feature to industrial and reflective paints, as they can scatter and absorb ultraviolet (UV) rays. Additionally, the compound possesses luminous, non-reactive, and non-toxic properties, which is why it increases the brightness and whiteness of paints and coatings. For instance, titanium-dioxide-based coatings for wind turbines offer protection from UV rays and a suitable white color to the structure.

Additionally, the rising adoption of lightweight vehicles, on account of the mounting concerns regarding automobile emissions, fuel efficiency, and carbon footprint, will amplify the usage of titanium dioxide. This compound is used in coatings that are applied on polycarbonate structures that are used in the production of lightweight automobiles, as these coatings provide stability, durability, and scratch resistance. This will, therefore, accelerate the titanium dioxide market at a CAGR of 4.5% during 2020–2030. The market stood at $15,020.1 million in 2019, and it will reach $24,026.1 million in 2030.

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According to P&S Intelligence, the Asia-Pacific region will register the maximum consumption of titanium dioxide in the foreseeable future. This can be attributed to the setting up of numerous production facilities and expanding construction sector, on account of the migration to urban areas and population growth. Moreover, an increase in the construction of infrastructure facilities, such as retail centers, hotels, offices, apartments, and civic service units, will boost the application of titanium-dioxide-based paints and coatings. Furthermore, the compound also finds wide application in the inks and paper, cosmetics, and plastics industries of the region.

Therefore, with the growing usage of paints and coatings in the construction and automotive industries, the demand for titanium dioxide will surge in the future.

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22.5% CAGR Expected in Americas Cannabis Market From 2020 to 2025

 The Americas cannabis market is expected to witness a CAGR of 22.5% during the forecast period by P&S Intelligence. The Americas cannabis market is accelerated by factors such as escalating use of cannabis in wellness and medicinal products and surging investments for the development of these products. Moreover, legalization of cannabis for recreational purposes will drive the market at 22.5% CAGR during the forecast period (20202025). The market stood at $93,487.2 million in 2019, which is projected to reach $293,791.0 million by 2025. Regular users in Canada and several states of the U.S. are consuming this weed on a day-to-day basis, due to its legalization and availability at legal stores.

One of the key factors driving the Americas cannabis market growth is the rising interest in the development of consumer products and therapies based on cannabis and its constituent chemicals. Moreover, legalization of the material across the U.S. and Canada has encouraged neighboring countries to join the trend of decriminalizing and deregulating cannabis and its related products. Latin American (LATAM) countries, such as Brazil, Argentina, Colombia, Peru, and Mexico, have completely or partially legalized the sale of cannabidiol (CBD)- and tetrahydrocannabinol (THC)-infused products.

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Additionally, increasing investments across the cannabis supply chain will also augment the Americas cannabis market growth in the coming years. The rapid deregulation of hemp and CBD across the region has increased the interest among market players. This has further led to the spike in market activities, such as licensing, investment in research and development (R & D), distribution of products, and marijuana and hemp production. Thus, the market players are working toward expanding their geographical reach, developing their supply chain, and ramping up the production of numerous CBD and THC products.

Geographically, the U.S. leads the Americas cannabis market and it is expected to maintain its position in the forecast period. This growth is attributed to factors such as legalization of marijuana across the nation, hefty investments in the cannabis industry, and widespread R & D activities directed at evaluating the potential of cannabis for medicinal applications. Moreover, the adoption of advanced technologies to expand access to marijuana will also propel the market growth in the future.

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Market Size Breakdown by Segments

By Product Type

• Cannabidiol (CBD)
  • Tinctures
  • Topicals
  • Cartridges
  • Capsule
• Tetrahydrocannabinol (THC)
  • Dry herbs
  • Waxes
  • Oils
  • Edibles

By Legality

• Illegal
• Legal

By Application

• Recreational
• Medicinal

By Distribution Channel

• Vape Shops
• Specialty Stores
• Pharmacies
• Online Stores

Geographical Analysis

• U.S.
• Canada
• Mexico
• Brazil
• Argentina
• Chile
• Colombia
• Rest of Americas

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Increasing Mining Activities Fueling Requirement for Lubricants in Mining and Quarry Applications

The rapid expansion in the mining sector and the soaring requirement from various end-use industries such as iron ore mining and coal mining are pushing up the demand for lubricants for use in several quarry and mining applications. Moreover, the growing demand for mining systems in the coal mining industry and the surging requirement for coal for power production in countries such as India, Indonesia, and China will massively boost the need for lubricants in the future years.

Furthermore, the rising requirement for mineral and metal commodities will propel the sales of mining devices and equipment in the coming years. This will, in turn, push up the sales of mining lubricants in the future. Besides these factors, the rapid technological advancements and innovations, due to the rising focus on research and development (R&D) activities in several countries such as Australia, India, and China, are also fueling the demand for lubricants for use in mining and quarry applications.

In countries such as South Africa, India, Brazil, Kazakhstan, and Mexico, due to the sharp surge in mining activities, the requirement for lubricants for use in mining and quarry applications is growing rapidly. This is, in turn, driving the advancement of the global lubricants market for mining and quarry applications. Bio-based lubricants, synthetic lubricants, and mineral oil lubricants are the most extensively used lubricants in mining and quarry applications around the world.

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Out of these, the utilization of mineral oil lubricants is currently observed to be significantly high. These lubricants are produced from crude oil and are highly cost-effective in nature. On the other hand, synthetic lubricants are made by the chemical reactions of various components under precise pressure and temperature conditions. Ester oils, polyalkylene glycols, and polyalphaolefins are the most heavily used synthetic lubricants all over the world. Bio-based lubricants are produced from natural sources such as mineral oils or plants. 

Hence, it is safe to say that the demand for lubricants for use in various mining and quarry applications will skyrocket all over the world in the upcoming years, mainly because of the surging mining activities in numerous countries.

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Why is Preferred Technique in Microbial Identification Market?

Infection is one of the most common causes of diseases, and several of these infections have proved a pestilence. In the current scenario, the COVID-19 epidemic is the world’s deadliest infection, killing over 340,000 people as of May 2020, since being detected in December 2019. Due to the rapidly increasing number cases and deaths, the adopted of microbial identification methods is increasing around the world, to ascertain whether someone has the virus or not, and if not, which other microbe could be causing the symptoms.

In the coming years, the demand would increase the fastest for instruments and software, mainly as a result of the advancements in the microorganism-detecting technologies. For instance, the matrix-assisted laser desorption/ionization time-of-flight (MALDI-TOF) method is becoming widely popular, as it is cost-effective, offers faster results, and requires less amounts of consumables. In the present times, when hundreds of people are being tested for COVID-19 at individual medical centers, such cheap and quick-analysis techniques could witness a swift rise in demand.

In the coming years, Asia-Pacific (APAC) would observe microbial identification market growth at the highest rate, on account of the rising incidence of infectious diseases here, primarily due to the booming population of the elderly. 

This is simply because of the high prevalence of infectious diseases around the world, most of which are easily communicable to healthy people. Therefore, the infections need to be identified and treated as quickly as possible, to check the spread to other people. Similarly, food and beverage testing is also a prominent sector where microbes need to be detected. This is because of the stringent quality guidelines imposed on food and beverage companies, such as by the Food and Drug Administration (FDA). These policies, coupled with the increasing awareness of people about food contamination, are leading to an increase in the adoption of microbe testing methods in this sector.

Therefore, due to the rising menace of infections, presently COVID-19, as well as the expansion of the biotech, pharma, and food and beverage sectors, the adoption of microbial identification methods will keep rising.

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Asia-Pacific Witnessing the Dawn of Electric Cars and Green Mobility

 As the air quality deteriorates and the prevalence of various lung diseases increases in the Asia-Pacific (APAC) region, the attention of governments, regulatory authorities, policymakers, and citizens is finally shifting toward the elephant in the room, that is, the large-scale usage of fossil-fuel-powered vehicles for both personal commuting and transportation of goods. The harmful emissions released from these vehicles are one of the major causes of air pollution and the rapid environmental degradation.

To combat the situation and make the air in urban areas breathable again, governments of several APAC countries are implementing policies aimed at promoting the deployment of eco-friendly modes of transport, such as electric cars. This is, in turn, fueling the advancement of the Asia-Pacific electric car market. For instance, as per industry experts, sales of electric vehicles grew in India by 32.0% or from nearly 576,000 units in 2018 to more than 760,000 units in 2019, among which 2,000 were passenger cars.

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Apart from the huge government funding and support, the rising public awareness about environmental degradation (deteriorating air quality), especially in tier-1 cities, is fuelingthe surge in the sales of electric vehicles in the country. Even summers often seem like winters, with grey skies and weak sunlight, due to the haze that envelops the major cities. Several reports have ranked certain Indian cities at the top of the list of the most-polluted ones in the world.

Electric Car Usage Highest on Chinese Roads in Asia-Pacific

In the APAC region, the sales of electric cars are currently the highest in China. Japan, South Korea, and India are the next biggest users of electric cars in APAC. The share of small electric cars is presently significantly high out of all the electric cars being sold in the region. This is primarily because of their high affordability and the cost-sensitive purchasing behavior of the people in the regional countries. Backed by the implementation of favorable government policies regarding the deployment of electric cars and the reducing prices of the batteries, the electric car industry will register huge expansion in the coming years.

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Hence, it can be said with utmost confidence that the sales of electric cars would shootup in Asia-Pacific (APAC) in the forthcoming years, primarily because of the escalating pollution levels in APAC countries due to the large-scale usage of oil- and gas-powered vehicles.The rapid implementation of favorable government initiatives and subsidy policies forthe utilization of these vehicles is further expected to make them popular among the masses.

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Why is Demand for Construction Chemicals Surging in Asia-Pacific?

With rapid economic progress of Asia-Pacific countries, their urban population is predicted to rise enormously in the coming years. This will fuel large-scale urban development in various developing nations of APAC such as India, Indonesia, and China. This rising urbanization rate will fuel the development of residential buildings, civic infrastructure facilities, education centers, healthcare facilities, and transportation centers, which will, in turn, propel the sales of construction chemicals in the region in the future years.

Apart from the aforementioned factor, the rapid expansion of the manufacturing sector in the regional countries such as India, China, Malaysia, and Vietnam is predicted to power the development of manufacturing facilities and plants, warehousing units, and assembly facilities. Moreover, with the launch of several large-scale construction projects in the APAC countries, on account of the enactment of favorable government policies and investments, the sales of construction materials including construction chemicals will soar in the coming years.

Additionally, the increasing industrialization rate is also positively impacting the demand for construction chemicals in the Asia-Pacific region. These factors are propelling the advancement of the Asia-Pacific (APAC) construction chemicals market. Construction chemicals are basically the chemical formulations used with cement, concrete, and various other construction materials for holding the construction materials together. These chemicals are heavily used in various civic and infrastructure repair and construction applications in the APAC countries.

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One of the major trends currently being witnessed in the industry is the growing usage of construction materials in the regional countries. This is credited to the soaring population levels and the consequent surge in the requirement for infrastructural development projects in the region. As per the Asian Development Bank, the population of APAC is predicted to rise to 4.3 billion by 2030. This would massively boost the demand for construction projects in the region in the future.

Hence, it is safe to say that the sales of construction chemicals will surge sharply in the APAC region in the forthcoming years, primarily because of the rising urbanization and industrialization and the mushrooming number of infrastructural development and construction projects in the region.

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Indian Government Investing INR 10,000 Crore To Drive Electric Vehicle Sales

In April 2019, the Indian government launched Phase 2 of the FAME India scheme with a total investment of INR 10,000 crore; phase 1 of the Fame India scheme was launched in 2014 with an investment of INR 795 crore, which was later increased by another hundred crores. The funds are being used to subsidize electric vehicles (EV) in the country, so that the problem of air pollution can be tackled. As per P&S Intelligence, government support is vital for the Indian electric vehicle market, as without it, EVs would be out of the reach of the masses.

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Compared to the long-proven internal combustion engine (ICE) technology, electric propulsion is slightly cost-intensive to achieve. This is majorly because of the high cost of batteries, which makes the overall EV expensive. Moreover, the vehicles also need to be equipped with a high-voltage charging mechanism, which further escalates the purchase cost. This is why the government is not only offering purchase subsidies and tax rebates on EVs, but also bearing a major portion of the cost for research and development (R&D), to come up with cost-effective EV technologies.

Seeing the success of e-rickshaws and potential customer base for other EVs, a lot of companies have entered the Indian electric vehicle market, including Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., Electrotherm (India) Ltd., Saera Electric Auto Pvt. Ltd., Ather Energy Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Tata Motors Ltd., Mahindra Electric Mobility Ltd., TVS Motor Co. Ltd., Toyota Kirloskar Motor Pvt. Ltd., Olectra Greentech Ltd., Terra Motors Corporation, and Ashok Leyland Ltd. They are signing sales agreements not only with public transportation agencies, such as Delhi Transport Corporation, but also private shared mobility companies, including Uber and Ola, to increase the penetration of clean-energy automobiles.

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Hence, bolstered by government support, sales of EVs in India will definitely pick up in the coming years.

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What is Biggest Trend Currently Witnessed in Complementary and Alternative Medicines Market?

 Lifestyle of people has changed radically over the past few years, and the work life of people is becoming more and more stressed. Due to this, medical conditions such as stress, hypertension, obesity, and insomnia are affecting an increased number of people. As per Our World in Data, 3.4% and 3.8% of the global population was suffering from anxiety and depression, respectively, in 2017. In addition to this, according to the World Health Organization, about 108 million people in the world were suffering from diabetes, and this number rose to 422 million in 2014. 

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It is because of these factors, that the demand for complementary and alternative medicines is growing around the world. These medications are utilized along with standard medical treatments or instead of standard medication. According to a study conducted by P&S Intelligence, the global complementary and alternative medicines market is predicted to reach a value of $271.8 billion by 2024, increasing from $192.0 billion in 2018, progressing at a 6.0% CAGR during the forecast period (2019–2024). Different types of complementary and alternative medicines are mind-body intervention-based, nature-based, energy-based, and manipulative body-based. Out of these, the demand for nature-based medicines was the highest in the past. 

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Out of these, a considerable demand for complementary and alternative medicines was created for depression and anxiety, which is due to the hectic life schedule and rising societal and work pressure. The modes of service for complementary and alternative medications are e-learning, therapy class, and direct consultation. The demand for therapy classes has been rising rapidly across the globe, which can be ascribed to the larger number of people that are opting for such sessions to manage various medical conditions. Complementary and alternative medication are demanded from hospitals & clinics, yoga & meditation centers, home care, and therapy centers. 

Hence, the demand for complementary and alternative medicines is growing due to the changing lifestyle of people, which is causing increased stress and other physical and mental health problems. 

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Last Mile Delivery Market to Witness Robust Growth in Coming Years

The huge investments being made by various venture capitalists in last-mile delivery services are fueling the expansion of the global last mile delivery market. The market is witnessing a sharp surge in the number of start-ups that are being heavily funded by various venture capitalists for expanding their businesses. Because of these reasons, the last mile delivery market is predicted to exhibit a CAGR of 20.3% between 2020 and 2030, according to P&S Intelligence.

Depending on application, the last mile delivery market is classified into package delivery, e-commerce, and others. Out of these, the e-commerce category recorded the highest growth in the market during the past few years. This was because of the presence of a large customer base and the changing buying behavior of people and their huge expectations regarding product deliveries. People are increasingly expecting free shipping and fast product deliveries and the availability of goods at affordable and competitive prices.

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Geographically, the last mile delivery market is predicted to demonstrate the fastest growth in the Latin America, Middle East, and Africa (LAMEA) region in the forthcoming years. This will be because of the rising gross domestic product (GDP) and the increasing disposable income of the people living in the developing nations of LAMEA such as Mexico and Brazil. Additionally, the increasing number of last mile grocery and food delivery start-ups and the rising popularity of omnichannel retailing are propelling the advancement of the market in this region.

The players operating in the global last mile delivery market are increasingly focusing on business mergers and strategic partnerships for remaining competitive. For instance, Microsoft Corporation and FedEx Corporation launched a collaboration with each other in May 2020 for enhancing their operations. Moreover, this collaboration is aimed at combining the global logistics and digital network of FedEx and the intelligent cloud solutions of Microsoft. This collaboration will allow the companies to have greater control and gain better insights into the movement of products across the world.

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The COVID-19 pandemic is severely hampering the progress of the last mile logistics industry. Moreover, the imposition of lockdowns and the shrinking of workforce have caused disruptions in the last mile delivery market. However, the increasing internet penetration and digitization and the rising number of product delivery orders, on account of the growing popularity of online shopping, especially during the pandemic, are fueling the expansion of the market.

Market Segmentation by Service

B2C
B2B

Market Segmentation by Application

E-commerce
Package delivery
Others

Market Segmentation by Region

North America
By service
By application
By country – U.S. and Canada

Europe
By service
By application
By country – Germany, the U.K., Italy, France, Spain and Rest of Europe

APAC
By service
By application
By country – China, Japan, India, South Korea, and Rest of APAC

LAMEA
By service
By application
By country – Mexico, Brazil, Argentina, and Rest of LAMEA

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Why Are Ethanolamines Being Used as Surfactants?

Factors such as the soaring demand for surfactants and surging sale of agrochemicals will stimulate the ethanolamines market growth at a 5.0% CAGR during the forecast period (2020–2030). At this rate, the value of the market will increase from $2,933.5 million in 2019 to $5,079.0 million by 2030. The compound is used as a surfactant in personal care products due to its ability to remove grease, stains, and dirt. Apart from this, the chemical serves as a suitable emulsifying agent in bath washes, soaps, and shampoos.

The compound is also used in high volumes for the production of agrochemicals. Diethanolamine (DEA) is primarily used in the production of a herbicide known as glyphosate, to prevent unwanted vegetation at farmlands. The consumption of glyphosate is surging in the countries of Asia-Pacific (APAC), North America, and Latin America on account of the soaring demand for agricultural produce. Besides, the growing awareness amongst farmers about the advantages of using such herbicides will fuel the demand for ethanolamines in the coming years.

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Geographically, the APAC region consumed the highest volume of ethanolamines in the past, driven by China. In 2019, China imported 168.4 kilotons of the chemical from manufacturers in Saudi Arabia and Thailand. Moreover, the region is also expected to utilize the highest quantity of the compound in the coming years. This can be ascribed to the increasing demand for ethanolamines in end-user industries in Vietnam, India, and Thailand.

To cater to the escalating demand, chemical companies, such as Oriental Union Chemical Corporation, BASF SE, The Dow Chemical Company, Saudi Kayan Petrochemical Company, Huntsman Corporation, Sadara Petrochemicals, Akzo Nobel NV, and INEOS Group Holdings S.A., are focusing on expanding their production capacities. For example, in July 2019, INEOS Group Holdings S.A. announced a new plant for producing ethyl oxide and derivatives in Houston, U.S. Likewise, BASF SE, in September 2019, announced the expansion plan for its ethylene oxide and derivative complex in Antwerp, Belgium.

Thus, the growing consumption of personal care products and agrochemicals will augment the demand for ethanolamines in the foreseeable future.

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How is Chemicals Industry Fuelling Expansion of Chloromethanes Market?

In 2018, the global chloromethanes market generated a revenue of $2,675.9 million. According to the forecast of P&S Intelligence, a market research firm based in India, the market would attain a value of $3,286.9 million by 2024. Furthermore, the market is predicted to advance at a CAGR of 3.4% between 2019 and 2024. The rapid expansion of the pharmaceutical industry and the extensive solvent production in various countries are the main factors driving the progress of the market.

With the rising sales of chloromethane derivatives, the chloromethanes market will exhibit huge expansion all over the world in the coming years. Another major factor fueling the growth of the market is the swift progress of the pharmaceutical and agriculture industries and the increasing oil and gas exploration and production (E&P) activities in the Middle East and Africa (MEA) region. Many global players operating in the chloromethanes industry are upgrading their production efficiencies and establishing new production plants.

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This is causing a sharp surge in their production capacities. For example, Nouryon, former AkzoNobel N.V. specialty chemicals segment, announced in April 2019 that it intends to increase its chloromethane production capacity at its production plant in Frankfurt, Germany for grabbing the global industry opportunity. Depending on type, the chloromethanes market is classified into methylene chloride, methyl chloride, chloroform, and carbon tetrachloride. Out of these, the methylene chloride category registered the highest growth in the market in the past.

Hence, it can be said with full surety that the market would register huge expansion all over the world in the upcoming years, mainly because of the rapid expansion of the agriculture and pharmaceutical industries and the heavy usage of chloromethanes for producing industrial solvents.

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Why is Intraoral Scanners Market Expected to Boom in Asia-Pacific (APAC) in Future?

The rising prevalence of dental problems around the world, especially amongst the underprivileged people of developed and developing nations, is significantly contributing toward the surge in the demand for intraoral scanners. Edentulism, which is a condition of tooth loss, is one of the biggest factors responsible for the increasing adoption of intraoral scanning procedures and usage of dental implants like dentures. As per the National Health and Nutrition Examination Survey, almost 91% of adults in the age group 20–64 suffer from tooth decay and dental caries in the U.S every year. 

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The intraoral scanners market is currently witnessing the trend of dental tourism in numerous countries. This is mainly attributed to the fact that the cost of medical treatment is very high in developed countries, and so the people living here are moving to the developing nations in order to avail dental treatment at affordable prices. Moreover, the increasing inter-connectivity in the world and globalization have resulted in the easy transfer of technologies, materials, and techniques, which has, in turn, allowed dental care providers in developing countries to offer their services at significantly lower prices.

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Globally, the highest adoption of intraoral scanners was observed in Europe in 2017, mainly on account of the presence of major manufacturers of these devices in the region. Asia-Pacific (APAC) region is expected to observe the fastest growth in the demand for these dentistry systems during the forecast period. This is primarily ascribed to the soaring geriatric population in several countries, such as India, China, and Japan, increasing healthcare expenditure, rising prevalence of dental disorders, improving economic conditions, and mushrooming number of dental practitioners and clinics. 

Thus, it can be concluded that owing to the increasing incidence of dental problems, rapid advancements in the healthcare sector, and surging geriatric population, the demand for intraoral scanners will observe huge growth in the coming years.

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Why Does Automotive Industry Require Polypropylene?

PlasticsEurope estimates the global plastic production in 2018 at 359 million tons, of which polypropylene (PP) accounted for 19.3%, the largest share. This highly versatile plastic is used for manufacturing lightweight sports equipment, tote bags, cold- and hot-weather clothing, flip-flops, surgical sutures, medical tools, containers, and equipment; domestic-use products, toys, and even furniture. Such a wide application base of PP is owed to its wear & tear, heat, oil & solvent, microbe, and water resistance and a high melting point.

As per P&S Intelligence, due to such an expansive usage base of PP, the polypropylene market will likely grow from $122.7 billion in 2019 to $226.8 billion in 2030, at a 5.7% CAGR during 2020–2030 (forecast period). Apart from those mentioned above, a prominent application area of PP is in flexible and rigid packaging, the demand for which is growing with the booming population. In addition, the increasing number of one-person households, rapid urbanization, busy schedules, and rising demand for wellness and health products is pushing up the demand for packaging.

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In 2019, Asia-Pacific dominated the polypropylene market, and it is also expected to witness the fastest growth during the forecast period. This is attributed to the increasing number of manufacturing plants and advancements in rigid and flexible packaging materials. Due to the expanding end-use industries, such as consumer & institutional, packaging, furniture & furnishings, transportation, machinery, building & construction, and electrical & electronics, regional PP producers, including Reliance Industries Limited, China Petroleum & Chemical Corporation, and PetroChina Company Limited, are prospering.

Hence, as the rising population pushes up the demand for plastic products, the consumption of PP will continue to surge across the globe.

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Artificial Disc Market to Witness Robust Growth in Coming Years

The number of people above 60 years of age is predicted to grow from 901 million in 2015 to 1.4 billion in 2030, as per the United Nations. One of the most common effects of aging is the decrease in the bone mass, which causes diseases such as osteoporosis or vertebral column deformity. The latter mostly happens due to functional issues in the intervertebral discs, which allow the backbone to bend slightly and absorb shock. In the event of a deformity, the natural discs need to be replaced by artificial ones via surgery, thereby allowing people to regain some degree of forward and backward bending movement.

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Another reason for the rising popularity of disc replacement is its long-term cost benefits compared to spinal fusion. Though the former procedure has more upfront costs than the latter, it has no requirement for follow up surgeries, unlike spinal fusion. According to a recent study by the Texas Back Institute and Rothman Institute, over a 48-month period, the cost of disc replacement is $5,000 less than spinal fusion. This is making the former more preferred among patients, thereby leading to the growing demand for artificial discs.

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The popularity of advanced surgical methods is also being positively influenced by the increasing healthcare expenditure by the government of numerous nations. The World Bank reported an average rise in the worldwide healthcare expenditure, from 9.5% of the gross domestic product (GDP) in 2010, to 9.9% in 2014. With more funds, voluntary health associations, research institutions, and local and central government bodies are increasing the investments in medical research and development (R&D), which is leading to the development of more-effective spinal corrective procedures.

North America recorded the highest usage of artificial discs during 2014–2017, and the situation is predicted to be the same in the near future. The reason behind this is that many devices are being tested in clinical trials, and a number of them are predicted to be approved by the FDA soon. The high per capita income in the region allows patients to afford the expensive disc replacement procedures. Within the region, the artificial disc market growth in the U.S. would be faster, as its per capita income and population is significantly higher than Canada, and the awareness regarding the procedure is also surging rapidly here.

Hence, the usage of artificial discs would continue growing as the geriatric population increases and more people suffer from degenerative spine disorders in the coming years.

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How Is Specialty Chemicals Market Getting Boost from Developing Nations?

Driving forces such as the widening application base of specialty chemicals, escalating need for an improved crop quality, and rapid industrialization will accelerate the specialty chemicals market growth at a CAGR of 5.5% during the forecast period (2020–2030). The market generated $639,935.8 million in 2019, and it is expected to value $980,423.7 million by 2030. The demand for these chemicals will be driven by the growing automobile, textile, and food and beverage industries, especially in developing countries.

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Specialty chemicals are used as additives to generate the desired effect in substances and end products. These chemicals have diverse features and are compatible with other chemicals. Owing to these properties, they find wide application in various end-use industries. For example, the automobile sector uses specialty chemicals as fuel additives to improve the properties of the fuel. Similarly, methyl oleate, a specialty chemical, is used as an active pharmaceutical ingredient in a variety of creams and lotions.

The presence of numerous players, such as Evonik Industries AG, BASF SE, China Petroleum and Chemical Corporation, Dow Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Mitsubishi Chemical Corporation, Huntsman Corporation, and Clariant International Limited, gives a fragmented character to the specialty chemicals market. These players are expanding the capacity of their manufacturing facilities to gain a competitive edge. For instance, in December 2019, BASF SE announced its plans to expand its facility in Jiangmen, Guangdong Province, China, and invest in its coating business in Asia.

Thus, the growth of the end-use industries in developing countries and a wide application base of specialty chemicals will propel the market advance in the coming years.

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Flourishing Automotive Industry Fueling Sales of Industrial Aerosols in India

Due to their rising requirement in the automotive sector, the sales of industrial aerosols are rising sharply in India. Industrial aerosols are used extensively in the automotive sector in various applications such as engine degreasing, vehicle polishing, friction and wear reduction, and lubrication. The mushrooming sales of vehicles in the country are predicted to cause surge in the automotive aftermarket in the future years, which will, in turn, push up the requirement for industrial aerosols.

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These materials are also used in automobiles for various painting and maintenance purposes. Apart from the thriving automotive industry, the rapidly expanding manufacturing sector in the country is also positively impacting the demand for industrial aerosols. This is because industrial aerosols are used heavily for tool cleaning and degreasing and the maintenance of factory machinery in the country. This, in turn, allows factories and manufacturing facilities to maintain their optimum production volumes. 

Depending on cleaning application, the Indian industrial aerosols market is divided into engine cleaners, tire cleaners, electronics, and carpet cleaners. Amongst these, the engine cleaners category recorded the highest growth in the market during the last few years. This was because of the huge requirement for engine cleaners in various automotive engine components and industrial machinery. Furthermore, aerosol cleaners have a powerful stream that eliminates grease, grime, oil, and dirt without causing the dissembling of the engine.

Hence, it is safe to say that the demand for industrial aerosols will explode in the country in the upcoming years, mainly because of their growing requirement in the automotive and manufacturing sectors.

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How Are Data Centers Fueling Diesel Genset Market Growth?

The diesel genset market is expected to grow at a CAGR of 6.0% during the forecast period (2020–2030), due to the surging demand for stationery and emergency power backup across industries such as marine, manufacturing, oil and gas, automotive, telecom, healthcare, and construction. The market generated revenue of $13,773 million in 2019 and it is expected to generate $21,929.9 million by 2030. Moreover, the escalating number of data centers, owing to the largescale creation and consumption of data, will propel the diesel genset market growth in the coming years.

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Hyperscale creation and consumption of data has led to the establishment of numerous data centers, as supportive infrastructure, to analyze and store the data. Additionally, factors such as developments of intelligent personal assistants and autonomous cars and widening application of technologies, including cloud computing and internet of things (IoT), and digital currencies, will lead to the creation of a large number of data centers. This would, therefore, propel the demand for diesel gensets to serve prime and auxiliary power requirements at the data centers.

Geographically, the Asia-Pacific diesel genset market accounted for the largest share in 2019, due to the large number of installation of low-power gensets in telecom towers, rise in construction activities, and largescale adoption of these systems in the residential and commercial industries in the region. Furthermore, the regional market is expected to display lucrative growth in the forecast period, on account of the escalating investments in telecom infrastructure, surging demand for backup power in residential units, and growing manufacturing sector in APAC nations.

Thus, the uncertainties in power supply and the development of data centers will propel the market growth in the coming years.

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Growing Urbanization Fueling Worldwide Sales of Centrifugal Water Pumps

The rising urbanization rate in several countries is fueling the demand for centrifugal water pumps across the world. For instance, in India, the urban population is predicted to rise to 404 million by 2050. Similarly, in China, the population of people living in urban areas is predicted to increase to 292 million by 2050. This growth in urban population will generate pressure on the already existing water supply network and infrastructure, that includes wastewater treatment facilities and utility water supply. 

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This is making several governments in Africa and Asia implement drinking water schemes and increase their irrigation spending. Moreover, there has been a sharp rise in the usage of water pumps during the past few years, especially in the urban households. The lifestyles of the people living in the urban areas is very modern and fast-paced as compared to the lifestyles of the rural people. Urban people mainly use water pumps for operating jacuzzi, shower panels, and bathtubs.

This is augmenting the requirement for water pumps that can offer high efficiency and capacity. Additionally, the governments of many countries are implementing policies that are making water recycling and reusing necessary for commercial enterprises. Apart from this, the rapid expansion of the construction industry is also positively impacting the global demand for centrifugal water pumps. Due to these factors, the global centrifugal water pump market is recording huge expansion.

Hence, it can be safely said that the demand for centrifugal water pumps will shoot-up across the world in the coming years, mainly because of the rising urbanization and the increasing water scarcity in several countries.

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Growing Popularity of Solar Technology Propelling Demand for Solar Encapsulants

The ballooning requirement for photovoltaic (PV) modules that convert solar energy into electrical energy via solar cells, is boosting the demand for solar encapsulants across the globe. Due to their various benefits such as their ability to offer eco-friendly solutions and economic viability, several countries have augmented their PV module manufacturing capacities. For example, as per the China Photovoltaic Industry Association (CPIA), the solar panel manufacturing capacity of China grew to 48 gigawatts (GW) in 2016.

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Furthermore, the organization estimates the solar panel production capacity of China to rise to 110 gigawatts (GW) by 2020. In the solar energy sector, there have been various research and development (R&D) activities, especially in the domain of solar cell technology regarding improvements in the durability and efficiency of solar cells, during the last few years. This has fueled the development of modern third-generation photovoltaics that have the ability to overcome the current performance and efficiency limits. 

Moreover, the rising technological advancements and energy requirements in the solar photovoltaic module industry have caused a massive fall in the prices of these items over the last few years. Besides these factors, the growing public awareness about the various benefits of solar cell technology is also powering the demand for solar encapsulants all over the world. This is, in turn, driving the progress of the global solar encapsulant market. 

According to the estimates of P&S Intelligence, a market research firm based in India, the solar encapsulant market will demonstrate the highest growth in the Asia-Pacific (APAC) region in the forthcoming years. This will be due to the soaring solar module manufacturing capacity of major solar module manufacturing companies operating in the region. Furthermore, many manufacturers are rapidly shifting their production facilities and plants from Europe to China, because of the rising costs of solar products in the European countries.

Thus, it can be safely concluded that the demand for solar encapsulants will boom all over the world in the coming years, mainly because of the growing usage of solar energy for power generation in various countries.

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Traditional Wound Dressings Being Preferred over Traditional Products

 Diabetes is among the most common chronic diseases and occurs when pancreas is unable to produce the required amount of insulin or when the body is not able to utilize the insulin that is produced. In 2019, the prevalence of diabetes, globally, was 9.3% (463 million people) and is predicted to rise to 10.2% (578 million people) by 2030.  While it has become fairly easy to lead a normal life for diabetic patients, developing a diabetic foot ulcer still remains a major complication. The wound affects about 15% of the people suffering from diabetes and 6% of these are hospitalized because of infection or some other complication.

It is important that the ulcer heals quickly in order to minimize the chance for an infection and, wound dressing products are utilized for taking of the same. Wound dressing makes sure that the infected areas is kept covered and moisture is locked in, thereby facilitating faster healing of wounds. 

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Geographically, North America has been the largest wound dressing market, owing to the growing number of road accidents, surging geriatric population, rising burn cases, and increasing number of diabetes and obesity cases in the region. Apart from this continent, the demand for different wound dressing products is expected to rise considerably in Asia-Pacific during the forecast period. This is because of the growing number road traffic cases, rising ageing population, and surging prevalence of diabetes in the region.

In conclusion, the demand for wound dressing products is being driven by the rising prevalence of diabetes and diabetic foot ulcers around the globe.  

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Demand for Hydrogen Storage Set to Soar in Coming Years

During the last few years, the usage of hydrogen storage increased sharply in the transportation sector. This was because of its high requirement in power fuel cell automobiles, on account of its low cost and high-storage performance. Additionally, as per the estimates of the World Nuclear Association, the requirement for hydrogen for producing transport fuels from crude oil will rise rapidly in the future years. This will, in turn, fuel the demand for hydrogen storage in the coming years.

Additionally, the implementation of strict emission policies in Japan, India, South Korea, and China and the growing requirement for methanol and ammonia are predicted to push up the demand for hydrogen storage throughout the world in the forthcoming years. Lubricant and oil and gas industries are increasingly requiring hydrogen storage technologies, thereby fueling the global demand for the technology. This is subsequently causing the growth of the global hydrogen storage market. 

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According to the forecast of P&S Intelligence, a market research company based in India, the valuation of the market will rise from $426.4 million in 2015 to $991.7 million by 2026. Moreover, the market is predicted to grow at a CAGR of 7.6% from 2016 to 2026. Material-based and physical are the most commonly adopted hydrogen storage technologies. Of these, the demand for the physical hydrogen storage technology was found to be higher in the past years.

Globally, the hydrogen storage market recorded the highest growth in Asia-Pacific (APAC) in the past. The region will also witness rapid expansion of the industry in the future. This will be because of the rising utilization of the methanol made from hydrogen and the growing usage of various environment-friendly transportation fuels in the region. 

Hence, it is safe to say that the requirement for hydrogen storage will shoot-up across the world in the forthcoming years, mainly because of the rising usage of the technology in the transportation, lubricants, and oil and gas industries.

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Why Is Silica Aerogel Used in Insulation Systems?

Silica aerogel is used in thermal insulation systems, as it has the potential to substitute traditional insulation materials like fiberglass, polystyrene foam, cellulose, mineral wool, and polyurethane foam, and the systems made with this synthetic material consume less energy. Silica aerogel with low thermal conductivity offers more benefits than the traditional materials used for thermal insulation. Moreover, its efficiency in transmitting solar radiation increases its importance in the construction industry, and its transparency property makes it suitable for windows and skylights, which are used in buildings, for the insulation process. 

Moreover, surging application of silica aerogel in the oil & gas sector will increase the revenue of the silica aerogel market from $273.0 million in 2015 to a substantial size by 2022. The installation process for this material is easy and quick that reduces the cost incurred by fabricators and installers.   According to P&S Intelligence, the market will showcase a CAGR of 31.1% during forecast period. Furthermore, the high thermal insulation capacity and lightweight feature of silica aerogel have led to its increased usage in the aerospace and defense sectors. 

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Geographically, North America consumed the maximum quantity of silica aerogel in 2015 and the U.S. emerged as the largest consumer in the world. This is due to the comprehensive research and development (R&D) conducted by the National Aeronautics and Space Administration (NASA) on silica aerogel. On account of its exceptional thermal insulation property and lightness, the aerogel was utilized by NASA for the Mars Exploration Rover Mission. The space agency is also working toward curtailing the production cost of silica aerogel to make it viable for commercial purposes.

Thus, the excellent insulation and eco-friendly properties of silica aerogel will increase its application in the coming years.

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